Here's why your GPU bitcoin mine isn't going to do any good

Every few months a new surge of interest in bitcoin will see a bunch of fresh faces, eager and willing to tap into the gold mine that is bitcoin generation. Unfortunately they're years too late to the trend and those that are still mining away, are doing it on a level you can't even fathom. Trust us when we say that your crossfired GPUs don't stand a chance against some of the machines that are out there now.

For instance, many bitcoin mining complexes have appeared using warehouses full of bespoke hardware. Seriously, just have a look at the gallery above to get an idea of how over the top it is.

There's actually a buzzing sound as you approach the facility, due to the monstrous cooling fans that are constantly pumping air across the thousands of specifically designed ASIC mining chips which are beavering away 24/7 in order to mine the precious bitcoins for the owners. All in all, electricity costs at the facility are topping out at nearly $60,000 a month.

There's three permanent staff that work at this one, each only getting to return home for two days a month (hurray for China labour laws). They work, sleep and relax at the factory, staying just a few metres away from the cranking servers.

So remember this next time you hear someone suggest that you or anyone else can make money from bitcoin mining. You can't. The chance for individuals to make anything at that game is long gone.

Image source: Coinsman

Add new comment

This question is for testing whether you are a human visitor and to prevent automated spam submissions.


would be bad for your ears

would be bad for your ears with those fans running 24/7. i'd say there is a profit in it if you are good enough with the math to calculate how many machines you need to get good turnover for your investment based on the trajectory of the bitcoin difficulty level. thing is that type of hardware will eventually become obsolete since the difficulty is always on the rise. like the difficulty was (3,275,465) at the start of the year, now it is over (23,844,670,039)

I can say that my litecoins

I can say that my litecoins pay for my games in steam. With just 2 regular 7870 i have bought around 50 games on steam + playseat with G27, and i stopped mining almost a year ago, and still have some LTC stored in a pen drive :D

The original article doesn't

The original article doesn't mention how much they generate there, and it makes note that those three individuals are only employees. The owner and his earnings were never discussed, so it's entirely possible that the facility makes a profit.

That has absolutely nothing

That has absolutely nothing to do with the point, but yes, they shouldn't make that type of thing public knowledge. Just as people shouldn't assume something isn't profitable when they have no idea how much of a profit is being made.


So you google random images of servers that have nothing to do with bit coin, then you post and say unrelated images are for bitcoin, smooth megagames but no ones buying into your dumb bs. Go back to doing the one thing you're good at doing, sticking your tongue in sonys butt and getting a brown nose.

Actually, im not minning

Actually, im not minning bitcoin, im mining X11 or X13 depending on the market, and that is 50% less energy and more profit. Also, i dont have a "normal" power bill, its a industrial one, so it have better margins.

Add new comment