GPU Mining Dead

4 stars based on 46 reviews

This day was expected, just not so soon. Miners who pay average electric rates or higher are likely about to experience financial death by a dozen cuts. After three months having passed so litecoin gpu mining dead minecraft this year the exchange rate currently sits about even with where it was litecoin gpu mining dead minecraft the beginning of the year. Not all miners are facing hard times though. Some miners operate from residences where electricity usage is included in the rent.

They are doing well. Others are located in areas where the electric rates are very low e. They too should be able to survive at higher difficulty levels for a while yet. In the short term, scarcity in the supply chain for these new efficient devices will limit how many of these units reach mining operators.

But for those who are already hitting breakeven or suffering losses, equipment liquidation of mining rigs may litecoin gpu mining dead minecraft the next course of action. Because the primary market for GPUs is their use in gaming systems there currently is still strong demand with thanks to the upcoming May 15th release of Diablo III.

Miners are yet able to exit mining completely without suffering big losses or they can use the proceeds of liquidation for re-investing into the new, more efficient hardware.

Others will liquidate and use the funds to partner in a mining-related venture. Joining efforts makes sense as mining using Litecoin gpu mining dead minecraft or ASIC is an endeavor that is more capital intensive than GPU mining is and combining funds may allow economies of scale to help make some miners more profitable. Some used GPUs that were used for mining may not work well for gaming, however. The graphics hardware was just not made for the type of use that mining performs.

It is not yet known what will happen once the market becomes flooded with these used post-mining GPUs. Since gamers are not yet viewing GPUs previously used in mining as being flawed, the present might be the best time for a miner to liquidate. Overall though miners are risk takers who generally are willing to keep mining until the losses can no longer be ignored. Those whose mining revenues have not yet been enough that it has paid off the investment in their rigs will generally let themselves be victims of the sunk cost fallacy as well.

Unless the exchange rate rises dramatically e.

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Bitcoin mining pc build

This site works best with JavaScript enabled. Please enable JavaScript to get the best experience from this site. Black Aura Now with a custom loop! Curse Help Register Sign In. I'm trying to hop onto the boat of some cryptocurrency mining, but I feel like it's not as profitable as before, even with a newer cryptocurrency that has a low difficulty and high profitability. Am I doing something wrong or is any sort of cryptocurrency mining dead? If you are currently starting to mine, please send pictures to me, that would be appreciated.

Rollback Post to Revision RollBack. Well,It's not completly dead,it just that many People dont mine that much anymore,but its not dead on the deep web for blackmail,drugs,CP, Yeah,illegal stuff. You need an incredible amount of money just to mine a miniscule amount of bitcoin,litecoin,etc,etc. I feel like it's not worth it. As for the illegal part of the internet, it might not be dead, but you know Back to the safe part.

I tried to just mine using my pc that I usually use, which was the original goal of litecoin and such, but it certainly does not work. It's dead once the Big Guys mine out all the useful bits.

Want to join an awesome Discord server and hang out with cool dudes. Do you know why snow is white? It's because it forgot what colour it's supposed to be.

Bitcoin is an excellent teaching tool. It is teaching a whole new generation of anti-government, anti-regulation types the importance of both. So far it's really just proven itself to be a speculative market, and hardly stable enough to even be considered currency. It's something like a ponzi scheme- as it takes more and more energy and time to mine bitcoins, you need more people to want those bitcoins that already exist to get your money back, which is almost impossible because it has zero liquidity, zero centralization, and as a result, zero protection from fraud.