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Originally Posted by MikkiJayne
Yeah coin values being so low and GPU prices having skyrocketed in the last month are looking to render GPU mining non-viable pretty soon I think.
The next batch of Vegas has landed at some suppliers and they have obviously been watching what they were selling for on ebay, since they are now charging over £900  When Ainars and I bought them last year they were £400! At the new price that's an ROI of 3 years, and that's assuming BTC's death-spiral ends fairly soon.
My Amazon Vegas were supposed to land next week, but they've just been pushed back another month. Extrapolate the graphs and by the time they get here it'll barely be worth mining with them 
What's the A3 doing at the moment? |
It has gone a bit down but it's always periodically going up and down. Last year March to July it was very profitable to mine Ether using RX cards and they were getting very expensive, then profitability went down and by September they were making less than £1/day and card prices went down. Then it suddenly became profitable to use CryptoNote algorithm on them and the card prices went up. Now CryptoNote is going down and Ethash back up again. There are other posibilities as well.
I am currently looking at Garlicoin and Srypt N algorithm. I am only trialling it on one RX580 card on Microserver at the moment but following calculations it should earn about $3.80/day in Garlicoin. At the MRR there are very little rigs for Scrypt N so it's hard to exactly judge the actual price you will get renting it out but the the moment the price for the cheapest available rig would meant about £6.41/day for single RX580 card.