Just came back from a 4 months hiatus from the world of crytos. My GPU rigs have been asleep for the summer because of the heat. Right now, is it still possible to use a GPU rig in a manner that will be profitable? Or should I just dismantle them and sell the parts?
Since summer is over, same goes for a lot of people. Difficulty going to increase for all algo. So yeah GPU is useless for mining.
Not the case; I'm turning a profit at $0.11 USD per kWh.
Wolf,
You are a dev with private (read: highly tuned, not available to public) miners. Your situation is irrelevant and unrelatable to your average miner.
Now, back on OP:
GPU mining is dead at the moment, but this is exactly the same situation that occurred when bitcoin asics forced out the gpu farms a while back. Something called Scrypt then hit the scene and GPU mining was back in force. History will repeat itself. here All of the new attention on crypto-mining has brought even more programmers and academics into the algorithm scene (Squaggle, you there?
). This spin-cycle is real and i'll call back attention to this very post when the next "Scrypt" hits the bigs.I recommend people not dump their farms if they have 79xx/R9 2xx cards, but that's already happening. I am not selling a single GPU out of my farm because i know they will be put to use again in not too long.
In fact, if i had more disposable income at the moment, i would be buying a new rig or 2. Image how quickly a $100 280 or $200 290 would ROI itself if profitability was there.
Yup GPU mining is dead for normal home user. Unless you are a good friend of wolf0 then you will be the few who is profitable...
gpu mining will remain dead as long as gpu miners keep selling way below profitability rather than not selling at all (which would lead to higher price... but hey... gpu miner have only bills no self esteem and are definitely short sighted
)If miners sells their unused gpu in the same spirit they sell coins, we should see soon lots of 750ti at 10euros...
So if gpu mining is dying it is mostly the fact of miners themselves, don't blame the market for your wrong doing and poor skills in selling your coins...
just in case: I'd be happy to buy 2 gtx980 for 20euros, so pm me if interested, this offer will last only today (the market so low, it is a very good deal no way you could sell them higher than that fud fud fud...
)