Is it still feasible to mine with graphics cards?

Hi, I used to have a mining rig for dogecoins/scrypt coins. It had 2x ASUS R9 280x. However, I sold that a few months ago (the full rig) and just made £80-£90 after electricity costs and loss from the cost of the rig. The good part was that I made £400 in the first month and £200 in the second. I stopped in the fourth month I think.

But my question is that - is it still feasible/can you make money with a mining rig in the UK where electricity costs are £0.14 per kWh. My mining rig used to take 650W and that would cost me £60 per month. And also the difficulty has gone so high ?

Mining BTC with a GPU? Maybe a couple years ago...

Mining with GPUS was over by 2012 early 2013. We are neck deep into the ASIC mining era for all algos, SHA-256 and SCRYPT coins.

If you don't have an ASIC chip based miner, you're not really mining.

Probably the 2 most reputable manufacturers on the block:

https://www.bitmaintech.com/product.htm

http://www.spondoolies-tech.com/

Personally I'd advise against getting any mining hardware right now, because there seems to be no ROI in sight for anything you buy, unless you somehow have free cooling from the North Pole and have free solar power.

Nope, not feasible. Although someone will most likely give you some hope by spouting some garbage about altcoins. Take that with a grain of salt, lol.

If only, it went from okayish when I bought my new hardware to.... In 2 months.

no it is not if you are planing to mine big altcoins with high network hashrate
you can try you luck mining newly launched altcoin with x11 and other x algos
not possible with scrypt anymore because of scrypt ASIC

Really only use you will ever have at this point is if you want to get a vanity address. No use left as far as profitable options on GPU.

Scrypt based mining today is similar to what bitcoin mining was in early 2013. The advent of scrypt based ASICs has made it so it is become less and less economical to mine scrypt based alts. Plus the fact that many of the major altcoins have forked to support merged mining means that all the mining capacity is focused towards the same group of alts

its all a mess stay away from any kind of mining

its not at all worth....do not even bother to buy anything ....the maximum earning now with a r9 280x is 0.001 BTC/ per day ...so unless you already have the GPU and free electricity or you thing BTC will cross 1000$ ....it won't even pay itself.

You could focus on mining Cryptonote coins. Boolberry I believe can be mined well enough with a graphics card. Plenty of x11,13,15 coins out there that might get you some profit but you would have to search for the one thats best for the speed you could get.

Quote from: jonnybravo0311 on December 30, 2014, 05:31:06 PM

Mining BTC with a GPU? Maybe a couple years ago...

OP is talking about scrypt mining.

Actually, this is the time of Scrypt ASIC to take over the mining, but GPU mining can still be profitable if you choose your coins carefully.
For example newer algorithms like X11 use way less power than Scrypt mining. And if you're careful enough to choose a coin that will eventually be worth more in near future than it is today, you can make decent profits.

But choosing a coin is a gamble after all.

Quote from: sgk on January 01, 2015, 08:43:03 AM

Quote from: jonnybravo0311 on December 30, 2014, 05:31:06 PM

Mining BTC with a GPU? Maybe a couple years ago...

Even if you choose a good coin chances of paying for a GPU and electricity is very very slim. For most the day's of GPU mining are long gone. I enjoyed building the GPU machines but I parted mine out as the cards were worth more then what I was going to get mining. (It's been a while since i sold my GPU rigs).

GPU mining is still possible with x11 algo, but your electricity need to be really cheap. I would advice to sell away your GPU as x11 ASIC is coming..

Quote from: jonnybravo0311 on December 30, 2014, 05:31:06 PM

Mining BTC with a GPU? Maybe a couple years ago...

what? not true, mining with gpu until the jackpotcoin era was a really good investment

jackpotcoin and maybe cryptonite were the last good coin for gpu

monero also but with his private gpu minare it wasn't that great

I've been using my GPU rig to mine Feathercoin with great results. They changed their algorithm to NeoScrypt a couple of months ago so Asics won't work anymore. At current prices, I find them to be one of the few profitable coins to mine with my rig.

wish this was still possible as it was fun. Electricity would cost was to much to waste your time

I'm pretty sure the profitable mining days are long gone. The field is just too saturated these days, your better off just using the saved electricity and buying the altcoin of your choice.

Quote from: JackRipper on January 04, 2015, 04:16:41 AM

Not anymore, the difficulty for neoscrypt rise fast and now not even able to recover the electricity charges.

To be honest big players with cloud power and a load of cash have gone way to far ahead for the little guy, this is a sad fact I am starting to get my head around now. I had a bit of fun trying to mine and got limited luck but its got to hard to compete with the elite miners of today.