Oh don't think that.....btc never no one mines on gpus, eth went past gpu....but there were plenty profitable cryptos that time out there that can run gpu and again it has started.
Budget 0-20k Basic GPU to run Dual Monitor setup.
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The days of typical retail customer profiting from crypto mining are gone in most cases, now it is an economy of scale where big miners only earn significant profits & they deal mostly in BTC/ETH.
Is Bitcoin Mining Profitable In 2024?
The combination of rising energy prices and falling cryptocurrency prices has made it much more difficult to turn a profit mining Bitcoin (BTC). The year 2023, BTC witnessed a recovery after a series of unpredictable events such as FTC fall, Terra Luna crash, macroeconomic conditions and Binance gui
www.forbes.com
Those other cryptos don't have as much liquidity/acceptability to give profit to typical retail consumer & not big/credible enough for big miners.
you are wrong there......altcoins are mined very good on these old gpus and seasoned miners keep on mining them till next bull run which has already started and is almost all the time happens when Bitcoin halving comes....when hodled these give very good returns during the boom time.The days of typical retail customer profiting from crypto mining are gone in most cases, now it is an economy of scale where big miners only earn significant profits & they deal mostly in BTC/ETH.
Is Bitcoin Mining Profitable In 2024?
The combination of rising energy prices and falling cryptocurrency prices has made it much more difficult to turn a profit mining Bitcoin (BTC). The year 2023, BTC witnessed a recovery after a series of unpredictable events such as FTC fall, Terra Luna crash, macroeconomic conditions and Binance gui
Those other cryptos don't have as much liquidity/acceptability to give profit to typical retail consumer & not big/credible enough for big miners.
You will only know when u do it.....95% of the miners stop the mining when bull run ends.....but seasoned miners never and that's how they get returns.
Also this is when they buy hardware at low prices.
Only individual miners I know using typical desktop gpu only mine if electricity is free or heavily subsidized for their home connection & even then many of them most likely won't be able to liquidate their earnings without paying hefty charges & 30% crypto tax. In any case we are just speculating so instead see the price trend which so far hasn't shown anything unusual outside of top end nvidia cards getting costly because of US export ban on China & their heavy usage in AI field.
cisco_tech
ex-Mod
Guys can we please keep crypto discussion to crypto thread please ? @puns please move relevent posts to the Crypto Discussion thread.
cisco_tech
ex-Mod
I might need to upgrade my PSU as well. I am not sure. Currently, I have a Corsair CX450. Can CX450 drive RX570?
MoviesMusicMayhem
Disciple
From a power requirement perspective, CX450 is fine. How old is the unit? If it has been operating behind a UPS, think about replacing only if you are seeing any abnormal shutdowns at full load.
cisco_tech
ex-Mod
I guess couple of years old. No random BSOD or shutdown.
MoviesMusicMayhem
Disciple
I think you should be fine. Monitor power draw at full load, if needed.