The Return of GPU Mining for Bitcoin?

A buddy just called me about this new style of GPU mining for Bitcoin. Honestly, I don't get how it all works. I still think the old method 10 GPUs on one board with risers is the way to go. Better cooling too.

The energy efficiency of this new GPU mining setup isn’t that impressive. Just check out the Bitaxe Gamma 601 that drops mid-2024, it’s using 17W for 1.2TH/s which is way better.

Gotta say, something’s off here. If this GPU price is above $200, that’s a red flag. For $405 each, how do you expect to hit 70TH? You’re looking at over $4k. I could grab an Avalon Q with 90TH/s for under $2k and it uses only 1647 watts.

Yeah man, I just don't see the value. If you want any shot at mining now, you need at least 90-100TH/s. 7TH for that price? No way.

I'm wondering about something else. No videos show it mining to any pool. Can it even work with something like viabtc? Feels sketchy.

I'm running one unit. Check out my videos. But there’s a mistake in one of them about the PSU voltage. It’s supposed to handle 100 to 250 volts, just something to keep in mind.

For real, those aren't GPUs at all. They're just ASIC miners dressed up to look like GPUs. Honestly, that's just silly.

It’s not that silly if you think about it. Just pricey, like really pricey.

Exactly! For $4k, I could set up two units with S21 Pro boards and get over 120TH for way less power use.

If they could use the full 75W of the PCI-e port and ramp up the hashrate, then this could be genius. But that’s a big ‘if’.

Checked out the mineshop site. Seems like the running cost is way higher than some expect. They’ve got a PCI power slot in the design.

Red Panda Mining did a decent review on this. A GPU for mining Bitcoin? Seriously? Why even have a GPU connector? Makes no sense!

Totally agree. It’s just a gimmick to catch attention. And honestly, those PSU cables aren’t a thing anymore since GPU mining isn’t a trend anymore.

Here’s another review to check: Apexto Mining. But honestly, how useful is it? They barely cover power use or noise.

Not sure why we even need a review for this $400 box that barely hits 7TH. It’s a nice gift for tech people but that’s about it.

I’ve seen some setups on Amazon. You can get a simple mount for the GPUs. Not much power for the riser, around $40 for six.

Ever thought about FPGA mining for Bitcoin? Is that even a thing anymore?

Yeah, people tried it, but it’s not efficient anymore.

FPGA was just a buffer between GPUs and ASICs. They pretty much set the stage for what ASICs do now. They can’t match the speed or efficiency of even old ASICs.

Seriously, though, what’s the manufacturer's plan? To have this thing hooked up to a regular office computer? What a waste of time.