Should I Mine with my gaming PC?

[LittleWickle]

I've been hearing a lot about cryptomining recently and I have a SUPER beast PC (2x GTX 1080) and I really wanted to try it. What I've learned is that it can damage your GPU pretty bad in the long run so I devised a strategy which I need your opinion on. My strategy is that I mine bitcoin just enough to withdraw it and spend it. Instead of continuing on mining, I would just invest it in a cloud mining service like Hashflare and leave it in reinvest for atleast a month. Would this work? Is this a great strategy? Should I completely dump the idea? I'm really torn apart right now and that's why I am asking you guys since you are probably more experienced and knowledgeable than I am in this sort of things

 

[ahnirv]

It's not worth it. GPU mining probably not even pay for the power it uses. It doesn't matter how much of a SUPER beast pc you have, it can't compete with ASIC miners.

 

[LittleWickle]

It's not worth it. GPU mining probably not even pay for the power it uses. It doesn't matter how much of a SUPER beast pc you have, it can't compete with ASIC miners.

What about investing the earned money (atleast 10 USD) in a cloud mining service? I don't have to use my PC to mine anymore

 

[ahnirv]

That seems scammy to me, and 10 bucks isnt going to show you very good returns for a very long time.

But Ive done dumber stuff with more than $10 before, go for it?

 

[dontlistentome]

My suggestion is to do more research on mining. If you've only recently been hearing a lot, this tells me that you haven't been putting a lot of attention to this before now. There's no simple answer to what approach, if any, is the one you should take. If it was so simple as investing a few dollars in Hashflare, wouldn't everyone be doing it?

There are many crypto currencies, which one is right for you and why is it right for you? That would be an example of where to start your research.

 

[AnonymousAndy]

GPU mining is absolutely still profitable.
ASIC miners cannot mine all coins. GPUs are still king when it comes to most coins.

With your dual 1080s, you'd make $188 a month in coin mining zcash. With power costs deducted, you'd still pull over $100 a month even if you paid an ungodly amount per kw/h. Do that for 3-4 months, you can buy another 1080 ;P

Skip cloud mining, you already have a mining rig.