Cryptocoin Mining?

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TheUnk

Golden Member
Jun 24, 2005
1,810
0
71
Would it be possible for amd to add asic capabilities to their gpus? I just have to imagine they will lose a lot of market share now that mining is no longer a reason to buy amd. I for one would go back to nvidia just so that I can enjoy multi gpu gaming again.

Meh I don't think it makes up as much of a % as the Nvidia fans would like to believe.
 

BallaTheFeared

Diamond Member
Nov 15, 2010
8,115
0
71
Stop moving to LTC, you had your run!!!!!!!!!!!!!



The flood of miners is reducing the price, and the GHs for the network is skyrocketing
 

thilanliyan

Lifer
Jun 21, 2005
11,944
2,175
126
I thought the price of LTC would rise when more people started moving to it. More exposure, more transactions....higher price?

Damnit Mt.Gox, hurry up and start trading LTC already!!!
 

blastingcap

Diamond Member
Sep 16, 2010
6,654
5
76
I thought the price of LTC would rise when more people started moving to it. More exposure, more transactions....higher price?

Damnit Mt.Gox, hurry up and start trading LTC already!!!

Nope, the LTC:BTC trading ratio has fallen and continues to fall, fall, fall. Even worse, difficulty continues to rise. The result is that it's usually about the same profitability to mine LTC as BTC. Of course, it's barely profitable for most people to GPU mine BTC now, so that means it's also barely profitable to mine LTC. And it's just going to keep getting worse as more and more hashing power gets added to BTC and flees BTC to reside in LTC.

Power prices aren't the only cost factor btw, one of my card's rear fan acted up so badly that I need to send it in for warranty repair, plus it keeps depreciating in value every day. I'm going to sell the repaired card ASAP to try to beat rush to dump used video cards.
 

philipma1957

Golden Member
Jan 8, 2012
1,714
0
76
Nope, the LTC:BTC trading ratio has fallen and continues to fall, fall, fall. Even worse, difficulty continues to rise. The result is that it's usually about the same profitability to mine LTC as BTC. Of course, it's barely profitable for most people to GPU mine BTC now, so that means it's also barely profitable to mine LTC. And it's just going to keep getting worse as more and more hashing power gets added to BTC and flees BTC to reside in LTC.

Power prices aren't the only cost factor btw, one of my card's rear fan acted up so badly that I need to send it in for warranty repair, plus it keeps depreciating in value every day. I'm going to sell the repaired card ASAP to try to beat rush to dump used video cards.

most likely your choice is best. sell now. I am not quite sure what to do. But I have about 3 weeks to decide. I may shut it all down and hold the gear hope for a price spike after the first dump of the gpu cards on ebay.
 

wbynum

Senior member
Jul 14, 2005
302
0
0
Yikes. 19,339,258 BTC difficulty. At 9 cents per kwhr my ~$3k in GPUs (6x7970 + 4x7950) is currently netting about $8 per day and that is just because 8 of the GPU's are in the garage. Unless there is a spike in BTC price this week I'll probably shut down my rigs at the end of the week. Getting awfully hot in the garage for such a small profit.
 

philipma1957

Golden Member
Jan 8, 2012
1,714
0
76
Yikes. 19,339,258 BTC difficulty. At 9 cents per kwhr my ~$3k in GPUs (6x7970 + 4x7950) is currently netting about $8 per day and that is just because 8 of the GPU's are in the garage. Unless there is a spike in BTC price this week I'll probably shut down my rigs at the end of the week. Getting awfully hot in the garage for such a small profit.

yeah it is almost over. I will give it to july 1st then I shut down.
 

ultimatebob

Lifer
Jul 1, 2001
25,134
2,446
126
I thought the price of LTC would rise when more people started moving to it. More exposure, more transactions....higher price?

Damnit Mt.Gox, hurry up and start trading LTC already!!!

Maybe you should look into one of the dozens of new altcoins that are springing up. Odds are one of them will be somewhat popular...
 

Zargon

Lifer
Nov 3, 2009
12,218
2
76
If AMD can't fix Crossfire, I'll switch again at some point.

its broken?


been doing it since the 48xx series, and the only one I had serious problems with the 4850X2


you guys looking at shutting down.....

if you want to be nice to a fellow AT'er...I could use another 7950 on the cheap

TF3 of WF3
 

ultimatebob

Lifer
Jul 1, 2001
25,134
2,446
126
its broken?


been doing it since the 48xx series, and the only one I had serious problems with the 4850X2


you guys looking at shutting down.....

if you want to be nice to a fellow AT'er...I could use another 7950 on the cheap

TF3 of WF3

I think that he's talking about the microstudder issue everyone has been talking about.
 

Zargon

Lifer
Nov 3, 2009
12,218
2
76
Ill happily buy his crappy broken amd cards at rock bottom prices, since ya know, they are broken
 

blastingcap

Diamond Member
Sep 16, 2010
6,654
5
76
Maybe you should look into one of the dozens of new altcoins that are springing up. Odds are one of them will be somewhat popular...

Unless the alt-coin significantly improves on BTC, I doubt it. Clones and near-clones aren't going to go anywhere. Increasing transaction confirmation times is nice but LTC and FTC haven't gone anywhere and every time it becomes more lucrative to mine those, arbitragers hammer their prices down to the point where they are about as profitable to mine as BTC. And difficulty increases as GPU miner refuges try to find something else to mine, adding more downward price pressure.

In the meantime video cards depreciate in value, and can die from fans being overstressed. Probably better to get rid of "excess" cards and if a truly significant challenger emerges, to get new ones then if you really believe in it.
 

ultimatebob

Lifer
Jul 1, 2001
25,134
2,446
126
Unless the alt-coin significantly improves on BTC, I doubt it. Clones and near-clones aren't going to go anywhere. Increasing transaction confirmation times is nice but LTC and FTC haven't gone anywhere and every time it becomes more lucrative to mine those, arbitragers hammer their prices down to the point where they are about as profitable to mine as BTC. And difficulty increases as GPU miner refuges try to find something else to mine, adding more downward price pressure.

In the meantime video cards depreciate in value, and can die from fans being overstressed. Probably better to get rid of "excess" cards and if a truly significant challenger emerges, to get new ones then if you really believe in it.

The problem is that is once a challenger gets established in the market, the mining difficulty goes through the roof.

I did pretty good on Litecoin (for example), because I started mining it when it was trading at 7 cents and I could get 20 of them a day on a mid range AMD card. Unfortunately, I sold early around 50 cents and missed the pop to $5. So, instead of getting a new PC out of the deal, I just got a really nice flashlight. Oh well.

Now I would be lucky if I could mine 2 of them a day on the same card.
 

joakim651

Junior Member
Jun 17, 2013
1
0
0
I'm having some troubles getting a new rig working, it's 2x HD6950's on a Asus P67 WS Revo9lution B3 motherboard with a i7 2600K. Using Windows 7 x64. I'm getting invalid nonce - HW error and I've tried the following:

Different drivers for the graphic cards (11.6, 12.8 and the latest)
Different versions of CGminer (3.1.1, 3.2.1, 3.2.1, some of these just crashes before it has a chance to start mining)
Intensitys between 1 and 20
Removed all of the parameters I used with my HD7970's

Any ideas what I can do to get it to work?
 

wlee15

Senior member
Jan 7, 2009
313
31
91
Nope, the LTC:BTC trading ratio has fallen and continues to fall, fall, fall. Even worse, difficulty continues to rise. The result is that it's usually about the same profitability to mine LTC as BTC. Of course, it's barely profitable for most people to GPU mine BTC now, so that means it's also barely profitable to mine LTC. And it's just going to keep getting worse as more and more hashing power gets added to BTC and flees BTC to reside in LTC.

Power prices aren't the only cost factor btw, one of my card's rear fan acted up so badly that I need to send it in for warranty repair, plus it keeps depreciating in value every day. I'm going to sell the repaired card ASAP to try to beat rush to dump used video cards.

To keep it in perspective though LTC is still a bit more profitable to mine now than it was in January, and it's not much less profitable to mine BTC when compared to November just prior to the block halving last November.
 

ultimatebob

Lifer
Jul 1, 2001
25,134
2,446
126
I'm thinking that the best way to make money in crypto at this point is to start a new cryptocurrency with a niche market, and get in on the ground floor when the coins are cheap and plentiful.

I'm thinking that we should do a Litecoin clone called JesusCoin. Seriously, the church going folks will love it! We'll all be mining for the Lord, and we'll be the first people in our neighborhood to leave a JesusCoin in the collection plate. Can I get an amen?
 

TheUnk

Golden Member
Jun 24, 2005
1,810
0
71
Well I sold my mining cards, took a small loss on them obviously but still came out on top. Fun little adventure =p Could have ran them for another month but figured I would try and get out before too many GPUs hit the market, plus the stress seeing Bitcoin value drop lately =p

I still feel that a lot of Bitcoin interest will die now that your average joe can't effectively mine them without dedicated ASIC hardware.
 
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