Is GPU Mining Still Worth It? 5 replies

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GateCrusher420 VIP Member

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#1 10 months ago

So, with the possibility of an impeding graphics card upgade right over the horizon, I've considered dusting off one of my old boxes off the shelf to run my old cards as a mining rig.  Granted, they're not that poweful, but I've done some base mining with them the other night just to test, and it's not terrible.  However, is GPU mining even still worth it?  Currently looking at ZCash and Ethereum.  Has/does anyone else do any mining?




Mikey Über Admin

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#2 10 months ago
Posted by GateCrusher420

So, with the possibility of an impeding graphics card upgade right over the horizon, I've considered dusting off one of my old boxes off the shelf to run my old cards as a mining rig.  Granted, they're not that poweful, but I've done some base mining with them the other night just to test, and it's not terrible.  However, is GPU mining even still worth it?  Currently looking at ZCash and Ethereum.  Has/does anyone else do any mining?

I don't think it's worth it at this point. I'm certainly not an educated source; but the market is oversaturated. Bitcoin / Altcoin / NameCoinHere is the new hotness and so everyone is on it.


If everyone is on it, then no one makes any money - the whole idea is that a few people mine, they get bigger chunks of the blockchain. The more who mine, the less of the chain you get, the less profit you get.


At this point I'd say that if you wanted to get into crypto, invest real world currency into it (only what you can afford). I'd say that's a better ROI than using an old rig and increasing the power bill.


As I said though, I'm by no mans an authority on the subject, that's just my two cents.


Mikey - GameFront.com - Lead Developer



Superfluous Curmudgeon VIP Member

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#3 10 months ago

... Unless you're not the one paying for the power for that mining rig. naughty.gif





Lindale Forum Mod

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#4 10 months ago

I say avoid it entirely. Bitcoin is not a real currency, so you are essentially going the same thing as grinding in a video game. It is not worth the time, or the effort.


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GateCrusher420 VIP Member

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#5 10 months ago

Since posting this, I've done more research into it.  Conclusion?  If I had an office somewhere that had the infrastructure to support a constant 5000w draw, had enough stable cooling, and I had the capital to invest in it, I'd consider it a bit more than now.  Outside of that, it's just not worth it.  That ship has long since sailed for us simple folks.  If I had looked into it years ago, my opinion would be a bit different as the difficulty of the chain wasn't anywhere near where it is now.  It's an interesting concept.


Briefly testing ZCash on my gaming rig and digging around in nanopool, there are some places that are obviously dedicated datacenters just for mining.  I was averaging 180 hashes per second with the occasional peak to 200, and the top miner was pulling nearly 2 million.  

I also looked into investing in Bitcoin.  I like the idea as I am considering the idea of investing to start a long term prep for retirement, but at the same time I don't really like how volatile the market is.

It's interesting, but after taking some time to learn it...my current wallet can't afford it.





Mikey Über Admin

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#6 10 months ago
Posted by GateCrusher420

Since posting this, I've done more research into it.  Conclusion?  If I had an office somewhere that had the infrastructure to support a constant 5000w draw, had enough stable cooling, and I had the capital to invest in it, I'd consider it a bit more than now.  Outside of that, it's just not worth it.  That ship has long since sailed for us simple folks.  If I had looked into it years ago, my opinion would be a bit different as the difficulty of the chain wasn't anywhere near where it is now.  It's an interesting concept.


Briefly testing ZCash on my gaming rig and digging around in nanopool, there are some places that are obviously dedicated datacenters just for mining.  I was averaging 180 hashes per second with the occasional peak to 200, and the top miner was pulling nearly 2 million.  

I also looked into investing in Bitcoin.  I like the idea as I am considering the idea of investing to start a long term prep for retirement, but at the same time I don't really like how volatile the market is.

It's interesting, but after taking some time to learn it...my current wallet can't afford it.


Sounds very much like my own conclusion :


Mikey - GameFront.com - Lead Developer