Oh dear...

>>61215677
Why would you need any of those graphics cards anyways? overpriced garbage that serves no purpose.

>>61215704
>he doesn't know

File: 1472892317382.jpg (33KB, 400x388px) Image search: [Google]

33KB, 400x388px

I don't even understand it. Bitcoin miners have moved on to custom FPGAs/ASICs. Who are the sad fucking retards that keep buying out worthless GPUs to compete with the Chinese?

>>61215726
Ethereum

>>61215726
yeah i thought it was pointless to try to do mining with a GPU at this point unless you have thousands of computers going.

>>61215848
Nah at the moment because of a surge in Ethereum/USD exchange rate, basically any video card you buy will be paid off within a month or two of mining.

>>61215863
Not anymore. Difficulty literally doubled in the last week.

>>61215726
Ethereum mining has done it. ASICs don't really work for Ether, and it's really profitable right now. Also other altcoins as well.

>>61215863
>>61215889
still seems unlikely that you will see a return after buying thousands of $ in cards though

>>61216185
if you're just one person and not a warehouse full of chinks, that is

>>61215726
Ether (not fucking Ethereum, that's the network) mining is ASIC-resistant

Basically no one mines Bitcoin at home and it's pissing me off to no end how financial news still gets it wrong. Goes to show how little research they do.

>>61215677
fuck off to >>>/v/

>>61216185
An RX 480 makes you about $90 a month with ether mining. If you could buy them at the original price of about $200, then they'd pay for themselves in ~2 months and after that make $90 a month pure profit.
Now if instead you pay $400 at the current price, then you'd just have to wait 2 more month until they pay for themselves.
If you buy 20 cards, they will STILL pay for themselves in a 3 months or so and then after that chunk out 20 x $90 per month.
It's entirely profitable and explains why the price is so high now.

>>61216748
and what about any uptick in power use that would affect a utility bill? substantial?

>>61216778
You mean energy prices? That depends on where you live, but they're usually much lower than $90 for the card.
It average it would cost like $10 per month per card.
So instead of $90 you'd get $80. No biggie

>>61216832
interesting. i have some extra cash and an unused tower or two lying around. maybe if the prices come down i'll fuck with it. seems like better option than coin trading, which seems like hell.

>>61216867
well the prices won't come down until it becomes less profitable. Otherwise they would just buy more. The mining difficulty keeps increasing forever, but so does the price I guess. When you decide to do it, you should definitely do your own research at the current prices and profitability.
I like coin trading more, there's a simple trick on how to make guaranteed profit, unless you're really unlucky:
Buy when the price is low and sell when it's high. Now the trick is to absolutely never sell for a loss. Just keep the coins if the price goes lower than what you bought for. It will EVENTUALLY go back up. If you fucked up a lot, it might take a week, maybe even months. But the chance that it will NEVER reach a profitable price ever again is pretty low.
Most people panic-sell when the price goes too low and lose money that way, especially the beginners. But their loss is your profit.

>>61216917
thanks anon, good shit to know. very sane rundown of bagholding as well, which is impossible in /biz/

Lol. Difficulty is going up exponentially. If it stayed the same when I ordered my parts, Id have about $600 in eth right now. Instead of $222. Thats 2.5 weeks with 4+ gpus. There was some downtime, maybe missed a day or two all together. Unless prices go up with difficulty, your looking at 4-6 months roi if you payed msrp for everything.

>>61217795

looks like you will hit $600 in less than 2 months though