I'm still mining on GPUs about 2 out of every 3 months. when it goes completely negative, I turn off, but if there's even a little positive I mine. Right now, Ergo is positive. Plus I have 21 solar panels. Its always profitable during sunlight daylight. Some days I turn on with the sun and turn off with the sun.
Its because of the mantra "break even or better" coming from youtubers. In the past when people would shut down they would sell out of the game. Today.. everyone is holding on tight, running 1 rig on break even or better, and when profits pump, they turn on the rest of the farm. Anytime it gets tough, theres a video telling miners to keep holding.. π€·π»ββοΈ
Just have to get your farm bigger rabid, plus get free power going. Got my gpu farm in free power now and winning 2 blocks per day on ERGO. cpus are doing 1-2 blocks per day on zeph. Solo is the way man, just have to get bigger. The calculators are lying
For reference im at 60ish 30/40 series cards and 28 ryzen 9 cpus
It is not dead as long as you can do it better conditions, like cheaper electricity , correct GPUs , correct algorithm and so on.I am currently building up a GPU farm with over 5000 GPUs because i am sick and tired of Asic suppliers pump/dump plays.
man kaspa lol… was selling it as getting it in on cpu… only kept 204+- and i was dumping it into mostly btc and then some in plsr… i regret the plsr part… should have dumped that garbage into btc as soon as it rebranded… (referring to plsr as the garbage, was promising before the rebrand, heck even the best most efficient cpu mining algorithm for a while….)
eth was literally the no2 and devs got brain farts then went pos…. think they might realize by now that going pos was stupid? the network was getting really decentralized as a ton of home weak sauce gpus could mak bucks, hence it being stronger than BTC in decentralization years ago when it was still pow. now though… yea…. solana and ada lookin better if your into pos stuff… most of these pos garbage will make money dont get me wrong, but for wrong reasons + hype, but they will never ever be as secure and decentralized as BTC or ETH back in its pow days. would take a miracle gpu focused coin now basically. and asics are way out of league in price for us poor folk. man eth pow was insanely good! and i joined in last year with a 1660 and a 3060ti lhr before it going pos. learned from my 1660 's profits about scams and such and what not to do lol…. and 3060ti i just piled it. funny enough i own 0 eth to this day. should have stacked though whilst it was mineable. and in the last 3 months i started mining rvn and other junk. i should have sticked to it for those last 3 months. all the gpu stuff today is utter junk with a few showing some promise… but thats just textual promise with no actual result…. all hype junk… lol
This bullrun is not going to be a GPU mining cycle, itβs a CPU mining cycle. So if you did what I did the past 2 years and sold all your GPUβs to invest in CPU mining hardware then right now you are doing pretty good with PepePow, it went up in price about x5-x6 within the last week! Whoop whoop!
Lesson especially after ETH do not mine no Sh. Coin which will in a few months get taken over by Asics. Right now in order to make Money minng coins line Ravencoin ( Kapow ) Ergo /. Confux you need a large number of GPU, starting with 1000 best around 3000 then you will make mining those Coins $1000 a day or even more but stay away from Xelis & these Kaspa Forks its a total waste of time and Money. And Asics the Script Algorithm is the only one which has stayed stable since its humble AMD R 9 massive rig build time
Look, I need you, panda, and technicals to tell everyone how great GPU mining is these days, so I can sell all of my rigs at high prices. ππ. Help generate that FOMO the market needs, I want to upgrade equipment π
I don't know that I can agree, just because we've only had one cycle where alts pumped before BTC. In that cycle we had 2 tops, one happened in April with Alts topping in May – Nov and the second top happening in November. Even Eth had a 2 top situation with one happening in May and the other happening in Nov. But previous cycles (2017 and very limited alts in 2013) Alts would tend to peak after BTC. Now whether my theory holds true? Dunno, but I'll stick with the experience I have currently with Alts following BTC in their peaks. So I don't think we've seen Alt season and what could happen with it.
Excellent points. The eth era casued a lot of gpu's to be online (they are still out there but just hidden and waiting for the right moment to come back)
To get rid of the effect that eth had and made a lof of gpu's come online is to simply wait until 3000 serie becoems obsoletere in terms of efficienty and that means that all those hardware from eth era are now useless. 4000 serie nvidia couldn't do it unfortunatly.
That being said, I do see gpu mining make comeback with rtx 5000 serie and above.
I hope youβre wrong but I think youβre right. Wish I had a crystal ball and didnβt spend a bunch of money stacking gpu hardware and either invested directly in coin or asics.
for all these 'gpu mining is dead forever' people, no one is unloading gpus for fair prices for something that according to them is an actual brick bc its dead. cough π
But there is still chance because alt coin market is sitting at just 1/3 of what it used to be in 2021. Though btc crossed its ATH altcoins are yet to explode. Once money enters in alt coins what i believe is consistent decent profits for gpu miners. Thoughts?π
There are coins in the shadows that will pump long term. Around Christmas things will be better. But i see what you're doing… my hardware hands will remain diamond none the less
It's the coins/pools too. Xelis was doing like 2/3 a day for me and the price on it has gone up quite a bit. Yet the amount I still get is just 2/3 dollars a day. Fishy π
Thoughts On The Situation? Agree With This Or Disagree?
I'm still mining on GPUs about 2 out of every 3 months. when it goes completely negative, I turn off, but if there's even a little positive I mine. Right now, Ergo is positive. Plus I have 21 solar panels. Its always profitable during sunlight daylight. Some days I turn on with the sun and turn off with the sun.
Its because of the mantra "break even or better" coming from youtubers. In the past when people would shut down they would sell out of the game. Today.. everyone is holding on tight, running 1 rig on break even or better, and when profits pump, they turn on the rest of the farm. Anytime it gets tough, theres a video telling miners to keep holding.. π€·π»ββοΈ
Is better buying the coin instead of mining them.
Doesnβt a l3+ still beat these in terms of efficiency and profitability?
Just have to get your farm bigger rabid, plus get free power going.
Got my gpu farm in free power now and winning 2 blocks per day on ERGO. cpus are doing 1-2 blocks per day on zeph. Solo is the way man, just have to get bigger. The calculators are lying
For reference im at 60ish 30/40 series cards and 28 ryzen 9 cpus
Cant stop, wont stop! Got 4x 4070tiS here and 3 more 7950x!
Rx/0 ? XMR ? Plenty of proto ASIC/GPU resistant
It is not dead as long as you can do it better conditions, like cheaper electricity , correct GPUs , correct algorithm and so on.I am currently building up a GPU farm with over 5000 GPUs because i am sick and tired of Asic suppliers pump/dump plays.
allot of coins claim they will do great things, just all textual fed farts…. driven by hype…
man kaspa lol… was selling it as getting it in on cpu… only kept 204+- and i was dumping it into mostly btc and then some in plsr… i regret the plsr part… should have dumped that garbage into btc as soon as it rebranded… (referring to plsr as the garbage, was promising before the rebrand, heck even the best most efficient cpu mining algorithm for a while….)
eth was literally the no2 and devs got brain farts then went pos…. think they might realize by now that going pos was stupid? the network was getting really decentralized as a ton of home weak sauce gpus could mak bucks, hence it being stronger than BTC in decentralization years ago when it was still pow. now though… yea…. solana and ada lookin better if your into pos stuff… most of these pos garbage will make money dont get me wrong, but for wrong reasons + hype, but they will never ever be as secure and decentralized as BTC or ETH back in its pow days. would take a miracle gpu focused coin now basically. and asics are way out of league in price for us poor folk. man eth pow was insanely good! and i joined in last year with a 1660 and a 3060ti lhr before it going pos. learned from my 1660 's profits about scams and such and what not to do lol…. and 3060ti i just piled it. funny enough i own 0 eth to this day. should have stacked though whilst it was mineable. and in the last 3 months i started mining rvn and other junk. i should have sticked to it for those last 3 months. all the gpu stuff today is utter junk with a few showing some promise… but thats just textual promise with no actual result…. all hype junk… lol
i think we all tend to underestimate the ability of the market to create new profitable coins – something will fill the void
Using nicehash during the Etherium mining days ended up being an amazing choice as miners were being paid in Bitcoin.
this is one of the major reasons im selling off all my 30 series gpus. Buying some 170hxs and then going to sit pat
This bullrun is not going to be a GPU mining cycle, itβs a CPU mining cycle. So if you did what I did the past 2 years and sold all your GPUβs to invest in CPU mining hardware then right now you are doing pretty good with PepePow, it went up in price about x5-x6 within the last week! Whoop whoop!
Lesson especially after ETH do not mine no Sh. Coin which will in a few months get taken over by Asics. Right now in order to make Money minng coins line Ravencoin ( Kapow ) Ergo /. Confux you need a large number of GPU, starting with 1000 best around 3000 then you will make mining those Coins $1000 a day or even more but stay away from Xelis & these Kaspa Forks its a total waste of time and Money. And Asics the Script Algorithm is the only one which has stayed stable since its humble AMD R 9 massive rig build time
Mine and hodl. For the ages π
That's why you sell as you mine and trade into better projects.
Someone should just make another coin like ETH. Then we will all be fine π€·π»ββοΈ seems simple
Look, I need you, panda, and technicals to tell everyone how great GPU mining is these days, so I can sell all of my rigs at high prices. ππ. Help generate that FOMO the market needs, I want to upgrade equipment π
I don't know that I can agree, just because we've only had one cycle where alts pumped before BTC. In that cycle we had 2 tops, one happened in April with Alts topping in May – Nov and the second top happening in November. Even Eth had a 2 top situation with one happening in May and the other happening in Nov. But previous cycles (2017 and very limited alts in 2013) Alts would tend to peak after BTC. Now whether my theory holds true? Dunno, but I'll stick with the experience I have currently with Alts following BTC in their peaks. So I don't think we've seen Alt season and what could happen with it.
The governments donβt like people staying home making their own money
Itβs all dead
I'm mining CRO with unminable. Everything is just speculative now.
Wy Nobody makes a new eth coin?
Ethermine says : GPU mining is Over !!
dont Forget
Let it die! I need cheaper GPUs for gaming hahaπ
Excellent points. The eth era casued a lot of gpu's to be online (they are still out there but just hidden and waiting for the right moment to come back)
To get rid of the effect that eth had and made a lof of gpu's come online is to simply wait until 3000 serie becoems obsoletere in terms of efficienty and that means that all those hardware from eth era are now useless. 4000 serie nvidia couldn't do it unfortunatly.
That being said, I do see gpu mining make comeback with rtx 5000 serie and above.
Yeh, my GPUs are all off again.
I hope youβre wrong but I think youβre right. Wish I had a crystal ball and didnβt spend a bunch of money stacking gpu hardware and either invested directly in coin or asics.
for all these 'gpu mining is dead forever' people, no one is unloading gpus for fair prices for something that according to them is an actual brick bc its dead. cough π
who told you ETH was a core based algorithm? lol
GPU mining now with more Pumps, and 100% Dead!
CPU have monero, but people keep bitching on the only real usefull tool in the crypto sphere
God , seeing all those CPUs powered off gonna haunt my dreamπ π
Rabid since I just started mining in 2024 I never knew it was better. Iβll just keep using Hashcat & cracking passwords
We need to come together and fork eth back to pow π
Excellent perspective and break down! π¦
I tried running mine again and only made pennies.
But there is still chance because alt coin market is sitting at just 1/3 of what it used to be in 2021. Though btc crossed its ATH altcoins are yet to explode. Once money enters in alt coins what i believe is consistent decent profits for gpu miners. Thoughts?π
because Eth must be pumped :d for gpu mining π
If you have low or free power – just mine and stack flux – sell it when it peaks over $1.00 – easy $100 per day
sucks just a rich guy money grab
There are coins in the shadows that will pump long term. Around Christmas things will be better. But i see what you're doing… my hardware hands will remain diamond none the less
mining is useless now. It's time to move on.
It's the coins/pools too. Xelis was doing like 2/3 a day for me and the price on it has gone up quite a bit. Yet the amount I still get is just 2/3 dollars a day. Fishy π