One became too small to sustain itself, one was DDOS’d to death, and 50BTC technically claims to still be operating, but its account system has been screwed up for nearly two months and the support staff no longer answer emails. In the two years I’ve been mining, I’ve gone through three pools. Understand, however, the operative word is bet. If you think mining some coins could help defray the costs of buying a new GPU that you’re going to use anyway, then that’s probably a reasonable bet. Definitely go for it if you already own the hardware. If you want to make a bit of a play at earning a little scratch, go for it. Is mining LTC still profitable with regular gaming GPU So considering how low the difficulty is for mining litecoin compared to everything else, i was wondering if it's still possible to mine litecoin with a average consumer grade gpu like it once was back in the day. My philosophy on mining cryptocurrencies hasn’t changed since I first heard about Bitcoin in 2011. That’s still a significant gap, but it’s better than the BTC situation, where the 680 hit just 130 MHash compared to the R9 290X’s 874MHash/s. Nvidia users may also take note - the gap between Nvidia and AMD cards in Litecoin mining is slightly smaller than with Bitcoin, with the GTX 770 capable of up to 240 KHash/s (yes, we’re back to KHash, from MHash) as compared to about 880 KHash/s for the R9 290X. Newegg and Amazon are both out of stock, while over at Amazon, the lowly AMD Sempron 145 - a single-core, 2.8GHz chip with a $29.75 price - is the 5th most popular CPU. First off, there’s the fact that you can’t find a high-end Radeon in stock at the moment. That alternative is Litecoin - and there’s reason to think that buyers have emptied the shelves of AMD’s Radeon hardware to build mining platforms. The shift to ASICs for Bitcoin mining mirrors the shift from CPUs to GPUs, but the market isn’t content to just turn those mining rigs off - not when there’s an alternative currency available for which ASIC miners do not exist. Today, that same GPU earns a thousandth of a Bitcoin in 24 hours, generating little value while consuming a substantial amount of power.
A year ago, a single Radeon graphics card could crank out a reasonable fraction of a Bitcoin in a single day.
The era of Bitcoin mining on the GPU is dead. This site may earn affiliate commissions from the links on this page.
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