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post #21081 of 22313
Quote:
Originally Posted by Faster_is_better View Post

Unless things have changed substantially I don't think anyone will recommend an ASIC. They will almost never ROI unless you get one very cheap/free. It has been a while since I saw someone "in the know" shoot this down though, so maybe there are some options now.

Odd, because the only thing I read about are ASIC machines. No one seems to use anything else. GPU and CPU mining are dead.

I was thinking a couple of the little Antminers. Seems like a cheap thing to just let run for months at a time. Maybe have one or two in a pool and one more solo mining. Might get lucky.
 
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post #21082 of 22313
Quote:
Originally Posted by Prophet4NO1 View Post

Odd, because the only thing I read about are ASIC machines. No one seems to use anything else. GPU and CPU mining are dead.

I was thinking a couple of the little Antminers. Seems like a cheap thing to just let run for months at a time. Maybe have one or two in a pool and one more solo mining. Might get lucky.

Not exactly dead but a lot harder than in past. I still think it is a fun hobby.

Problem now (or not) is the information is not shared like it was in the past.When a coin was hot people would talk about it and mine and dump until the next coin came out. Rinse and repeat.

Unfortunately the devs have stopped updating miners as their work was not being rewarded for miners. I don't have AMD cards anymore but Most of those updated miners are sold privately.

As for asic's, if you can get one dirt, dirt, dirt cheap and have free electricity, why not. Did I mention dirt cheap.
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post #21083 of 22313
Ivan any forecast?
post #21084 of 22313
Quote:
Originally Posted by antonio8 View Post

Not exactly dead but a lot harder than in past. I still think it is a fun hobby.

Problem now (or not) is the information is not shared like it was in the past.When a coin was hot people would talk about it and mine and dump until the next coin came out. Rinse and repeat.

Unfortunately the devs have stopped updating miners as their work was not being rewarded for miners. I don't have AMD cards anymore but Most of those updated miners are sold privately.

As for asic's, if you can get one dirt, dirt, dirt cheap and have free electricity, why not. Did I mention dirt cheap.

Well, Antminer U3 can be had for $50-60 3rd party. Direct is $30 i think, but you have to buy a minimum of 20 units. Cheap enough it try it out i guess. It dose 63Gh/s at 65 watts power draw. Not exactly a rocket ship.
 
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post #21085 of 22313
Hi guys

Bit of a newb in terms of crypto currency. My only experience was running litecoin a few years ago using my rig and a couple amd gpus.

Given the specs of my sig rig is there any currency I could get into for profitability?

What has changed in the world of crypto currency since litecoin was just taking off?

Thanks
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post #21086 of 22313
Quote:
Originally Posted by $ilent View Post

Hi guys

Bit of a newb in terms of crypto currency. My only experience was running litecoin a few years ago using my rig and a couple amd gpus.

Given the specs of my sig rig is there any currency I could get into for profitability?

What has changed in the world of crypto currency since litecoin was just taking off?

Thanks
Nothing is profitable, unless with free electricity. And then the profits will be too small.
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post #21087 of 22313
Quote:
Originally Posted by ku4eto View Post

Nothing is profitable, unless with free electricity. And then the profits will be too small.

So why do people do it? Has the bubble well and truly burst?
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post #21088 of 22313
Quote:
Originally Posted by $ilent View Post

So why do people do it? Has the bubble well and truly burst?
They do it, cuz its probably fun, but most of the miners are doing it on ASIC machines now, far more efficient than AMD GPUs.
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post #21089 of 22313
Or they have multiple cards in their system so they can set one to work while they are performing other tasks. wink.gif

~Ceadder smil3dbd4e4c2e742.gif
 
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post #21090 of 22313
I'll respond just from my point of view.

It is a fun hobby for me. It gives me something to do and I enjoy it. I also believe that this technology or whatever you want to call it is just getting noticed and it possibly could be a vehicle for value in the future. What survives, if any, is any one's guess.

There are still coins out there and things pop up every now and then that is worthwhile. the issue is you will not get info like in the past on what to mine. Too many people jump on it, mine it and dump it to the ground. I had one that is/was making 1.5 BTC per month. That is with only selling about 75% of what I was mining.

I am not getting rich by any means at all but if it pays the electric bill per month then I am fine with it.

I have gotten rid of all my AMD cards (except a 280X that is sitting on the floor for months) and just running Nvidia. A lot cheaper to run.

E-bay is also looking into accepting not only BTC but 2 or 3 alts as a form of payment. What those 2 or 3 are is quietly being kept a secret for now.

I just think we are on the tip of what may be something big in the future. Don't want to jinx it but have you noticed that BTC is holding $100 more than what it was at a week or two ago.
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