Bitcoin GPU machine ?

Storm99

Hi I am looking into the possibility of Bitcoin Mining.
I'd like some advice on getting a relatively budget friendly GPU based computer built that can run very fast over long periods of time and return a reasonable(Profitable) hash rate vs powers consumption.

Can anyone recommend a good and affordable set up ?

Thanks.

ED E

There isnt one.

Even ASICs arent profitable anymore, never mind GPUs.

frozenfrozen

missed the boat by about 5 years

moc moc a moc

Gumbi

Troll post?

Xenoronin

Probably not. More likely read some stuff about Bitcoin, and learned about mining and thought it wasn't already nailed down by the Chinese (spoiler warning, it has... ). The cost of running a bitcoin mining (is this even possible anymore? I'm pretty sure the number of bitcoins that can be mined, have been at this stage) and transaction server (this is now where you can make money I think? Processing the heavy blockchain stuff that follows every bitcoin and transaction and ownership) at home, heavily outweighs the monetary gains. The bubble was popped about two/three years ago and now it's relatively stable. I'm no expert though but this is what i've managed to piece together over the years.

alb

Xenoronin wrote: »

..... The cost of running a bitcoin mining (is this even possible anymore? I'm pretty sure the number of bitcoins that can be mined, have been at this stage) ....

All bitcoins have not been mined, about 14.5 million of the eventual 21 million have been mined. The economics of mining are not very intuitive, the coins are mined at a steady rate, reducing every 4 years regardless of how many people are mining or how much mining power there is. The rate is currently 25 bitcoins every 10 minutes, due to halve to 12.5 in about a year. It will take over 100 years until all are mined.

Mining by a hobbiest at home is no longer profitable, as you are competing with people who can get the hardware cheaper and have cheaper electricity.

ED E

Yep, you're competing with industrial china paying a fraction of what you do for electricity (ESB rates here are pretty poor).