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Is litecoin and dogecoin mining on GPUs still worth it?

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I am doing a research project on Bitcoins for school, and TL;DR, no. It is unprofitable for most setups with most coins. Once the value of coins rise again, then possibly.

The Grey Squirrel

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Once the value of coins rise again, then possibly.

If *

//ccap
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Just wondering  :)

 

Not really at the moment.

You should look at all digital currency as more of an investment, and hope that the price per coin will rise as time goes on.

yesterday's weirdness is tomorrow's reason why

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Not really worth it unless you already have all the hardware, you aren't using it for something else, and you don;t pay for power.

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the only way to make a profit from Bitcoins is an ASIC

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I said litecoin and dogecoin, not Bitcoin.  I was asking specifically about those

Want a good game to play?  Check out Shadowrun: http://store.steampowered.com/app/300550/ (runs on literally any hardware)

 

another 12 core / 24 thread senpai...     (/. _ .)/     \(. _ .\)

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Not when there are ASIC miners that consume less power and have better performance for mining.

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Not when there are ASIC miners that consume less power and have better performance for mining.

I thought ASIC miners didn't really work well on lite/dogecoins

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Just wondering :)

Honestly, the market is so volatile and so prone to random peaks and valleys that I'd say no. 

There are other places to put your money, that are safer :P

Remember to be a good citizen and choose a 'best answer' when your problem has been resolved!

(that way people know when a problem's been resolved)

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Hasn't been worth it for a long time.

I cannot be held responsible for any bad advice given.

I've no idea why the world is afraid of 3D-printed guns when clearly 3D-printed crossbows would be more practical for now.

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Hasn't been worth it for a long time.

What if you're not paying for electricity

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Just wondering :)

mining is not making money and profit from it. its for helping the community

If you like the ideology of a coin you mine it and you never know that coin you mined might turn into a fortun

About litecoin & dogecoin mining the difficulty is very high so you cannot fight the other peope who bought staff scrypt miners thinking that one day will be rich

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What if you're not paying for electricity

Still not really worth it. The returns will be minuscule

yesterday's weirdness is tomorrow's reason why

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Nah

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mining is not making money and profit from it. its for helping the community

If you like the ideology of a coin you mine it and you never know that coin you mined might turn into a fortun

About litecoin & dogecoin mining the difficulty is very high so you cannot fight the other peope who bought staff scrypt miners thinking that one day will be rich

Instead of wasting power and time to mine coins (that are supposed to be mined for profit) he could use that PC for folding or boinc, where the efforts go directly into a worthwhile cause.

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Unless the price goes up its definitely not worth it. Until then...

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Instead of wasting power and time to mine coins (that are supposed to be mined for profit) he could use that PC for folding or boinc, where the efforts go directly into a worthwhile cause.

mining is not for making profit or money is about helping the overall community

like folding

He can choose between folding and mining - I do both ( not 24h/7)

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Mine doge cos it is a stupid meme. 

Our Grace. The Feathered One. He shows us the way. His bob is majestic and shows us the path. Follow unto his guidance and His example. He knows the one true path. Our Saviour. Our Grace. Our Father Birb has taught us with His humble heart and gentle wing the way of the bob. Let us show Him our reverence and follow in His example. The True Path of the Feathered One. ~ Dimboble-dubabob III

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I said litecoin and dogecoin, not Bitcoin.  I was asking specifically about those

 

there just bitcoins with different names

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mining is not for making profit or money is about helping the overall community

like folding

He can choose between folding and mining - I do both ( not 24h/7)

Grinding numbers is not really helping the community. Folding proteins to cure cancer is.

NEW PC build: Blank Heaven   minimalist white and black PC     Old S340 build log "White Heaven"        The "LIGHTCANON" flashlight build log        Project AntiRoll (prototype)        Custom speaker project

Spoiler

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Invest in gold if you want something to put money in.

"I take my spirit and I smash my mirrors,
And now the whole world is here for me to see,
Now I'm searching for my love to be."
-Jimi Hendrix, Room Full of Mirrors

 

 

 

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doge coin was never really a real thing.

its just for the fun of it

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bitcoin is basically dead go big asic miners for scrypt or go bust.

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