fcmatt
Legendary
 Offline
Activity: 2072
Merit: 1001
|
 |
August 13, 2012, 02:17:09 AM |
|
GPU mining Profitability decreasing with such high difficulty rise. It is 2,190,866 now!!
Not sure if i agree. A few months ago i was making 2 btc per day but price was 4-5. Now making about 1 btc per day yet price is almost 12. Things improved actually. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
goxed
Legendary
Offline
Activity: 1946
Merit: 1006
Bitcoin / Crypto mining Hardware.
|
|
August 13, 2012, 02:38:27 AM |
|
GPU mining Profitability decreasing with such high difficulty rise. It is 2,190,866 now!!
Not sure if i agree. A few months ago i was making 2 btc per day but price was 4-5. Now making about 1 btc per day yet price is almost 12. Things improved actually. I see what you mean. I was counting BTC/day with the same equipment. |
Revewing Bitcoin / Crypto mining Hardware.
|
|
|
|
Francesco
|
|
August 13, 2012, 11:22:13 AM |
|
GPU mining Profitability decreasing with such high difficulty rise. It is 2,190,866 now!!
Not sure if i agree. A few months ago i was making 2 btc per day but price was 4-5. Now making about 1 btc per day yet price is almost 12. Things improved actually. I see what you mean. I was counting BTC/day with the same equipment. The problem is if you have made more money than simply hoarding the money you spent to buy the hardware. |
|
|
|
|
|
bonker
|
|
August 13, 2012, 12:43:13 PM |
|
Guys I had caps lock on lol
Caps just blow my mind! Some people hate them, some love them, some just go nuts with them. Caps lock freak me out man! ha ha! |
|
|
|
|
meebs
|
|
September 06, 2012, 03:20:14 AM |
|
It is kind of like asking.. "will I make money buying X stock??"
The answer: Maybe, depends on a LOT of factors.
1. the price of BTC over the next few months
2. how long until ASICs and the stupid rise in difficulty.
3. how much BTC you earn from your hardware until such time
4. how much you can resell the hardware for once it is obsolete
|
|
|
|
|
|
conspirosphere.tk
Legendary
Offline
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
|
|
October 01, 2012, 10:00:18 AM |
|
This winter i am going to keep hashing with my 5 VGAs just for the subsidized heating (speaking 'bout poor-man mining), like last winter. Then we'll see
|
|
|
|
|
Korbman
Legendary
Offline
Activity: 1064
Merit: 1001
|
|
October 01, 2012, 01:41:57 PM |
|
No, mining isn't worth it at all. Stop now and maybe the difficulty will go back below 2 million at some point  Ha! I agree...not worth it in the least. Spread the word that mining is a pain to set up and far from profitable. I'd love to see a decrease in difficulty before ASICs hit  |
|
|
|
YokoToriyama
Newbie
Offline
Activity: 58
Merit: 0
|
|
October 01, 2012, 10:28:48 PM |
|
some people on here have 6 mini rigs and more... do the math
|
|
|
|
|
Korbman
Legendary
Offline
Activity: 1064
Merit: 1001
|
|
October 01, 2012, 11:48:24 PM |
|
some people on here have 6 mini rigs and more... do the math
We're all being sarcastic, we know it's very profitable |
|
|
|
|
VeeMiner
|
|
October 03, 2012, 08:24:20 PM |
|
LETS TALK ABOUT IF BITCOIN MINING IS REALLY WORTH THE COST OF ALL THE COMPONENTS AND HARDWARE
if you buy ASIC, then yes |
|
|
|
|
|
SysRun
|
|
October 03, 2012, 08:35:29 PM |
|
GPUs are still profitable, but not for long.
|
Images are not allowed. As your member rank increases, you can use more types of styling in your signature, and your signature can be longer. See the stickies in Meta for more info.
Max 2000; characters remaining: 1781
|
|
|
cdb000
Member
Offline
Activity: 112
Merit: 11
|
|
October 03, 2012, 10:08:03 PM |
|
Maybe.
At this time I would not invest in GPUs for mining, but am quite happy to keep my existing GPUs running.
It seems likely that, in a small number of months, lots of ASICs will come online and the difficulty will go up.
It is autumn, winter before very long so... if electricity costs x per kWh, and the Bitcoins are worth y per kWh spent, and the heat generated by the GPUs reduces the cost of gas for heat by z per kWh, is the sum of y and z greater than x?
Or maybe the correct plan is to offload GPUs on eBay _before_ the point in time when GPU mining becomes obviously unprofitable and the value of a used HD5870 drops to almost 0.
Interesting times.
|
|
|
|
|
P_Shep
Legendary
Offline
Activity: 1795
Merit: 1198
This is not OK.
|
|
October 03, 2012, 10:48:38 PM |
|
My 6 BFLs have now paid themselves off, including electricity usage, PSU, and all other components to get it working  |
|
|
|
|
|
