Is It Safe to Buy Used GPUs From Cryptocurrency Miners?

CPU Mining - Burning up CPU cycles since early 2014.

Burning up CPU cycles since early 2014.
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Multi Mining

This subreddit is dedicated to profit based coin mining pools.
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Bminer is a highly optimized cryptocurrency miner that runs on modern NVIDIA GPUs

A subreddit, for people using Bminer for mining that want to share knowledge, configs, and advice to others.
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AMD, Nvidia preparing stripped down Bitcoin mining GPUs - Graphics - News

AMD, Nvidia preparing stripped down Bitcoin mining GPUs - Graphics - News submitted by zwtor to ethereum [link] [comments]

Nvidia, AMD to Release Cheaper Bitcoin Mining GPUs - CryptoCoinsNews

Nvidia, AMD to Release Cheaper Bitcoin Mining GPUs - CryptoCoinsNews submitted by Cryptoslacker to CryptoBugs [link] [comments]

Bitcoin mentioned around Reddit: AMD, Nvidia preparing stripped down Bitcoin mining GPUs - Graphics - News /r/Amd

Bitcoin mentioned around Reddit: AMD, Nvidia preparing stripped down Bitcoin mining GPUs - Graphics - News /Amd submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Nvidia, AMD to Release Cheaper Bitcoin Mining GPUs

Nvidia, AMD to Release Cheaper Bitcoin Mining GPUs submitted by BitcoinAllBot to BitcoinAll [link] [comments]

A couple of articles say that Nvidia and AMD are preparing to launch stripped down Bitcoin mining GPUs

Hexus article
Digitimes
Heard of this on NCIX Tech Tips' channel. Could this mean we can finally get our normally priced 570s and 580s?
submitted by boonzie to buildapc [link] [comments]

I have a few questions regarding bitcoin mining, GPUs, and ASICs. (Reposted from /r/Bitcoin)

Okay, so like a lot of you probably did, I made it to this page about mining. The basic message I took from it is that CPUs << GPUs <<< ASICs. CPUs have been rendered obsolete, GPUs are the current go-to mining hardware, and ASICs are going to dominate the future. However, it's not as simple as it seems. I know a friend who has two top-of-the-line, overclocked AMD graphics cards, running about $450 each. He's made about $300 so far, about $15 per day after the crash. So, he's still very far in the red, with about the best GPU setup you can get.
Supposedly, ASICs are orders of magnitude faster than GPUs and use less power; they're the long-term future of bitcoin mining. Google led me to Butterfly Lab's page, and the profitability calculations had me salivating. However, my research revealed that they've been delaying shipping for over half a year, and nobody has actually recieved one yet. If you ordered one now, you'd get it in several months (excluding the almost-certain delays to come). Avalon is another ASIC manufacturer, and they actually ship; however, the going rate for one of their ASICs is about 77 BTC, which is anywhere from $7000-$10000, and they're currently out of stock.
On top of this, once ASICs hit the market, the total hashrate will skyrocket, as well as the mining difficulty, and profit will decrease dramatically for everyone involved. I was hoping to buy either a high-end GPU or a low-end ASIC (not spending more than a few hundred dollars) and make a couple hundred dollars of profit after a few months. But now it seems that ASICs are a myth (or hideously expensive), GPUs are very expensive, and all miners are soon going to start seeing diminishing returns.
All things considered, it seems that the only way to make a profit mining is to already be mining now, because if you try to pick up some hardware and start now you're never going to make enough money to cover your initial expenses. Is that an accurate analysis or is there still hope for the future of mining? Unless somebody tells me I'm wrong, I'll either try actually buying some bitcoin and hoping for the market to recover or just follow Bitcoin's ups and downs as an outside observer.
TL;DR: Was really interested in making a small-scale profit off of mining, did a fair amount of research on it, now my view is "why bother if you don't already have the hardware since you'll never break even." Confirm/deny?
submitted by RyanW1019 to BitcoinMining [link] [comments]

I have a few questions regarding bitcoin mining, GPUs, and ASICs.

Okay, so like a lot of you probably did, I made it to this page about mining. The basic message I took from it is that CPUs << GPUs <<< ASICs. CPUs have been rendered obsolete, GPUs are the current go-to mining hardware, and ASICs are going to dominate the future. However, it's not as simple as it seems. I know a friend who has two top-of-the-line, overclocked AMD graphics cards, running about $450 each. He's made about $300 so far, about $15 per day after the crash. So, he's still very far in the red, with about the best GPU setup you can get.
Supposedly, ASICs are orders of magnitude faster than GPUs and use less power; they're the long-term future of bitcoin mining. Google led me to Butterfly Lab's page, and the profitability calculations had me salivating. However, my research revealed that they've been delaying shipping for over half a year, and nobody has actually recieved one yet. If you ordered one now, you'd get it in several months (excluding the almost-certain delays to come). Avalon is another ASIC manufacturer, and they actually ship; however, the going rate for one of their ASICs is about 77 BTC, which is anywhere from $7000-$10000, and they're currently out of stock.
On top of this, once ASICs hit the market, the total hashrate will skyrocket, as well as the mining difficulty, and profit will decrease dramatically for everyone involved. I was hoping to buy either a high-end GPU or a low-end ASIC (not spending more than a few hundred dollars) and make a couple hundred dollars of profit after a few months. But now it seems that ASICs are a myth (or hideously expensive), GPUs are very expensive, and all miners are soon going to start seeing diminishing returns.
All things considered, it seems that the only way to make a profit mining is to already be mining now, because if you try to pick up some hardware and start now you're never going to make enough money to cover your initial expenses. Is that an accurate analysis or is there still hope for the future of mining? Unless somebody tells me I'm wrong, I'll either try actually buying some bitcoin and hoping for the market to recover or just follow Bitcoin's ups and downs as an outside observer.
TL;DR: Was really interested in making a small-scale profit off of mining, did a fair amount of research on it, now my view is "why bother if you don't already have the hardware since you'll never break even." Confirm/deny?
submitted by RyanW1019 to Bitcoin [link] [comments]

About Bitcoin mining in Egypt and GPUs

Hello,
Just wanted to make a post discussing this matter in Egypt. I hope someone from government also reads reddit.
I can understand logical reasons why Egypt would want to prohibit Bitcoin mining:
  1. Paying electricity at subsidized price and then selling Bitcoins for money means you're stealing the subsidy.
  2. Untraceable Bitcoin can be used for criminal activities or terrorist finance.
  3. Income from Bitcoin mining is not official and counts as income, so taxes are not being paid on it.
Since they suspect people who buy GPUs of doing this, I propose the following:
  1. Let people declare that they are mining Bitcoin and remove electrical subsidy from them (let them pay the highest electricity tier price). Let them also count the electricity as expenses to avoid double-taxing.
  2. Require that the wallets that receive the mining proceeds be made known to the government.
  3. Open a local Egyptian Bitcoin exchange and when mining bitcoins are sold for EGP, count the EGP as capital gains or income and make people pay taxes on them as such.
  4. Prohibit any transfer of those bitcoin between individuals and allow the only action to be done on them is keep them or sell them on a legitimate exchange which requires KYC/AML.
Instead of causing unnecessary headache for people who want to simply buy a GPU to play games by stopping or delaying all GPUs being imported, simply require that the imported GPUs be registered to the individual name (file automatically opened by customs without need of input from the importer), and set a limit for the number of graphics cards imported annually for individual use.
In addition, for people who are not registered as bitcoin miners (or doing high electricity load work), if there's an unnatural large increase in the electricity consumption suddenly that doesn't coincide with a legitimate reason (eg: summer time and start of use of Air Conditioners) and the increase goes beyond the level historically consumed by the residence, then you can suspect that they are mining bitcoin, and then you can then investigate them.
This way, both the government requirements can be satisfied and at the same time, people who just want to play games or do 3D work do not need to be unnecessarily harmed or impeded by regulations.
This post can be considered as an open letter to anyone from authorities.
submitted by destinydisappointer to Egypt [link] [comments]

Want to upgrade my PC, would like advice

Hi all,
I built my current PC for ~£600 about five years ago, so its starting to get a bit outdated and occasionally laggy. I'm looking to upgrade but I don't know where to start!
I think I want to be upgrading my GPU and SSD, but I'm not sure if this would mean that I need up update my mobo/psu/cooler too. If something else is the bottleneck here, or you need any other information, please let me know!
My current setup looks like this: PCPartPicker Part List
Type Item Price
CPU Intel - Core i5-4430 3 GHz Quad-Core Processor -
Motherboard Asus - H81M-K Micro ATX LGA1150 Motherboard -
Memory Kingston - 16 GB (2 x 8 GB) DDR3-1600 Memory £78.62 @ Amazon UK
Storage SanDisk - Ultra Plus 128 GB 2.5" Solid State Drive -
Storage Seagate - Barracuda 1 TB 3.5" 7200RPM Internal Hard Drive -
Video Card XFX - Radeon R9 280X 3 GB Double Dissipation Video Card -
Case Cooler Master - N200 MicroATX Mini Tower Case £42.33 @ Amazon UK
Power Supply EVGA - 500 W 80+ Bronze Certified ATX Power Supply £52.98 @ CCL Computers
Optical Drive Samsung - SH-224DB/BEBE DVD/CD Writer -
Thanks for any advice!
submitted by Sibblin to buildapc [link] [comments]

Nvidia and AMD stepping into the mining chip game at long last!

Seems like Nvidia and AMD are stepping up efforts to make dedicated GPU's for mining. Hopefully this is the first step towards getting rid of Bitmain's monopoly and Jihan Wu fading away into a bad memory.
submitted by JupitersBalls69 to Bitcoin [link] [comments]

The most unrealistic thing in Tarkov is that mining Bitcoin with 10 GPUs is profitable.

submitted by Your_DogWife to EscapefromTarkov [link] [comments]

Brother rented a warehouse for bitcoin mining. No contract. Responsible for electricity + rent. Warehouse closing down and they're saying he owes $24000 in electricity that he hasn't paid or else they're going to sell all his gpus (about 450)

I told him to just get a lawyer. What lawyer would he need? Debtocreditor?
What is he allowed to demand? They just send an invoice that says $24000 with no breakdown. Is he allowed to ask for the electric bill each month to see if it lines up? Are they allowed to sell all of his gpus there if he doesn't pay in time?
Rent is 20% of coins mined.
Vancouver, BC
submitted by ohnoimrunningoutofsp to legaladvicecanada [link] [comments]

NVidia and AMD to release stripped down cards for mining

https://www.cryptocoinsnews.com/nvidia-amd-to-release-cheaper-bitcoin-mining-gpus/
https://videocardz.com/newz/first-look-at-pascal-based-gpu-cryptocurrency-mining-station
If this is true, this could potentially increase ROI on cards bought.
submitted by ccricers to gpumining [link] [comments]

The game should have a warehouse ore somewhere where you can store computers for your contracts and bitcoin mining because sometimes you have too many bitcoin systems to wtore in your room at once witch makes it very annoying to replace the GPUs

submitted by smash504 to PcCreatorGame [link] [comments]

KnC upgraded specs of Titan scrypt miner from 250MH/s to 300MH/s and added mini version

https://www.kncminer.com/categories/litecoin-mining-hardware
Being a GPU miner myself, I accepted scrypt-ASICs. It is actually good for Dogecoin because next year the reward will be too low at 10,000 per block for GPU mining anyway.
I think there will always be a market for GPU mining. When ASICs moved into Bitcoin mining, GPUs miners move to scrypts and gave birth to Litecoin and Dogecoin. So there will be some other profitable coins for GPU miners to mine.
submitted by sethnis to dogemining [link] [comments]

Brother rented a warehouse for bitcoin mining. No contract. Responsible for electricity + rent. Warehouse closing down and they're saying he owes $24000 in electricity that he hasn't paid or else they're going to sell all his gpus (about 450)

I told him to just get a lawyer. What lawyer would he need? Debtocreditor?
What is he allowed to demand? They just send an invoice that says $24000 with no breakdown. Is he allowed to ask for the electric bill each month to see if it lines up? Are they allowed to sell all of his gpus there if he doesn't pay in time?
Rent is 20% of coins mined.
Vancouver, BC. Canada.
submitted by ohnoimrunningoutofsp to legaladvice [link] [comments]

03-25 19:44 - 'All my GPUs are mining for a cure' (self.Bitcoin) by /u/buzzdaveMBP removed from /r/Bitcoin within 0-7min

'''
I converted 100% of my home mining to protein folding for a Covid cure. I challenge the world's crypto miners to do the same. Check out [foldingathome.org]1 for details on how you can help! #miningforthecure #fuckcovid
[About 80 Nvidia P106 GPUs]2
'''
All my GPUs are mining for a cure
Go1dfish undelete link
unreddit undelete link
Author: buzzdaveMBP
1: fol*i*gathome*o*g 2: preview.re*d*i*/gyjo***f***41.jpg?wid*h=800*amp;*ormat=*jpg&a*p;*ut*=w*bp&s*e6*9d*1*3*dba2a09a*7481e**e1c*5*2c*5*7*2
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Can you mine bitcoin with old gpus?

My highschool has a capstone program and I heard that they alot of spare gpus, Do you guys think that I could use their older graphics cards for mining? Thanks!
submitted by Harleyshadow27 to Bitcoin [link] [comments]

Why is Bitcoin mining affecting the market for GPUs? Aren't GPUs long since unprofitable given ASICs?

(Not actually a beginner, but thought this was a stupid question and figured it was most appropriate here.)
I mined myself in the GPU days and I can understand why it was causing shortages. But how can it be profitable now? GPUs are ridiculous expensive (in both initial cost and power) compared to ASICs, and with the difficulty so high, why would anyone be buying them to mine?
Edit: Thanks for the quick answers.
Edit2: Relatedly, looks like Monero is trying to prevent ASICs from being possible.
submitted by SilasX to BitcoinBeginners [link] [comments]

Bitcoin bubbled, so altcoins bubbled, so ICOs bubbled, so Ethereum bubbled, so for June only you could actually make money GPU-mining Ethereum on last year's card, so the video cards themselves have bubbled, attracting Top Minds such as this aspiring industrialist. "Bought too many Gpus - Delimma"

submitted by dgerard to Buttcoin [link] [comments]

ILPT: Mine Bitcoin on display computers. Most of them have really good GPUs allowing you to mine a lot.

submitted by davefrom1990 to IllegalLifeProTips [link] [comments]

NVIDIA Allegedly Readying Headless Pascal Crypto-Mining GPUs For Ethereum, Bitcoin And Others

submitted by MichaelTen to tech [link] [comments]

Should YOU be GPU MINING Cryptocurrency in 2020?! - YouTube How Much Can You Make Mining Bitcoin With 6X 1080 Ti ... Best GPU To Use For Mining 2019/2020 - YouTube Best Bitcoin Mining GPU Tips 🚩 Bitcoin Mining is ... HOW TO BUILD A MINING RIG + BEST GPUs IN 2020 ! - YouTube

There’s less benefit for a six-GPU mining rig being overclocked than a single GPU in a gaming PC. Bitcoin miners are much more concerned with efficiency than screaming polygon-pushing power, so the idea of them running a card until it melts really doesn’t hold up. Plus, GPUs are engineered to run hot. As new video cards for mining hit the market, some retain their efficiency, while others become obsolete. Let’s see which ones are the best GPU for mining in 2020. Bitcoin Mining with a GPU. Bitcoin is the most valuable cryptocurrency on the market. It goes without saying that it draws the most interest when it comes to mining. Bitcoin, Ethereum and other crypto coins are still flowing, while others are booming, which means that there’s still a demand for mining GPUs. That means that there’s still quite a few of them ... Bitcoin mining is the simplest way to support your computer's operations in the bitcoin world thanks to the processing power of ... Graphics cards are much more efficient than processors to solve the mathematical problems required for coin mining. The reason for this is that GPUs, which are graphics cards, are much more efficient than CPUs in ... Efficient mining requires permanently running GPUs at full power, so miners are obviously curious whether it can damage the card’s performance Cover image via www.123rf.com Despite the rising popularity of ASIC chips, which even managed to elbow Nvidia out of the crypto market, GPU mining remains fairly popular, especially with regard to ...

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Should YOU be GPU MINING Cryptocurrency in 2020?! - YouTube

This video is a step by step guide on how to build your first Mining Rig. This video also gives you an understanding of the best GPUs for mining in 2020 and ... Bitcoin Gold has a MASSIVE future PROFIT potential...See what that is and how to mine it now.. Subscribe for more awesome videos and a chance at Free Bitcoin... #makemoneyfromhome #btcfree #earnbitcoin Let your computer make you money with Bitcoin softwares, the free easy-to-use Bitcoin software! Earn Bitcoin which c... SUBSCRIBE FOR MORE HOW MUCH - http://shorturl.at/arBHL Nviddia GTX 1080 Ti - https://amzn.to/2Hiw5xp 6X GPU Mining Rig Case - https://bitcoinmerch.com/produc... In this episode of Crypto Miner Tips, I go over the best GPUs to use for mining cryptocurrency currently. Despite mining profits being subpar now is the best...

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