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RE: Altcoins mining with GPU from home

in #cryptocurrency7 years ago

Great work in introducing what mining needs and how to get it done. However my area, most of the amds are running out or they are selling at some really really high price. Gtx1070 and 1080 may not be that suitable as their price doesnt really justify with their calculation power. But with the gtx 1060 mining card coming out, a lot could be changed.

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Keep in mind also the electric power cost. Depending on the price of electricity in where you live, it may not end up profitable by doing the mining by yourself. That's why now most of the miners put their operation to where cheap electricity is. Bear in mind that electricity is not only needed for powering the mining machines, it is also need to power the cooling system as well.
That's why I ended up with Genesis-mining, this kind of cloud base mining services.

I bet nVidia and AMD are working on special gpu's for mining. This is most likely their biggest field of income since mining farms around the worlds buy everything they get. Any news on that?

Yes the gpu basically are just out of stock, especially for amd which is more optimal to use to mine if you compare to gtx but even the gtx one has been selling like crazy given the alt coin price. One risk for amd and gtx is that if people start dumping their cards, gamers may just pick it up in second hand market.

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