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Topic: ASIC or GPU mining? (Read 1827 times)

member
Activity: 294
Merit: 53
May 17, 2019, 05:17:48 PM
#72
Why does this thread get a BUMP after every 300 days? Roll Eyes

Spamming in Mining section? Roll Eyes
full member
Activity: 708
Merit: 103
Empowering crypto w/ sustainable energy
May 17, 2019, 02:23:04 PM
#71
I prefer more fair distribution of mined tokens among miners, my choice is then mining an ASIC resistence coin with GPU. This is a good protection against mining whales.
member
Activity: 124
Merit: 10
May 17, 2019, 12:13:47 PM
#70
I chose general GPU rather than miner GPU or ASIC. is maybe more worth because you can use it as 3 or 4 functions.
1. You can mining (Of course)
2. Video Editing
Miner GPU is powerful to render 4K 60FPS video. I'm a video editor and that's why I choose it
3. Gaming
Well, If you have a good CPU and RAM that machine can be a powerful gaming machine
4. Help SETI to find Alien
Wanna help us to find true extraterrestrial creatures?. Share some of your GPU
5. Hashing a password
I like to help people to crack my friend's forgotten password, why you not help them too and got the money?
6. And many more way to get money with GPU other than mining...

I had a little secret. Last time, I try buy the ASIC priced $350. When the ASIC arrived in my country, the items are detained and I must pay $2000 postage+Tax. Very crazy, I rather to return it and lost $350 than pay $2000 for one ASIC
full member
Activity: 1050
Merit: 102
Cryptocurrency addict | Invest at your own risk.
May 17, 2019, 11:35:41 AM
#69
ASIC in the short term is very good because it gives a good Roi, but it requires a large amount of money and the GPU is suitable for a long period of time even though it doesn't give a big profit in a fast time
legendary
Activity: 2758
Merit: 1004
Buzz App - Spin wheel, farm rewards
May 17, 2019, 11:02:08 AM
#68
ASIC gives us short term ROI compared with GPU, GPU is a bit better than it consider it can be used to mine various crypto but remember we must think about the potentially of the difficulty change that happen anytime based on the how much new hashrate that being distributed to the network from the new mining rig. that will be a difficult choice but this time ASIC still very profitable and GPU needs long ROI.
well, that's what i meant. for now, ASIC is still good to use. but, we don't know the potential that is out there. it all depends on the circumstances. although I say that ASIC is better at doing minning, but we can't override the GPU. basically GPU is more flexible than ASIC, moreover GPU can be sold to gamers, so I think losses can also be reduced. it all depends on the comfort when doing minning. choose the ones that really make the risk become smaller, and have the potential to get big profits.
hero member
Activity: 2366
Merit: 504
May 15, 2019, 10:50:15 PM
#67
I will also focus on GPU mining for one simple reason - the liquidity of video cards.
You can use them to mine a certain coin, then another.
If you get tired or fail, sell it to someone, like miner or gamer or elsewhere.
ASIC is a short-term investment, because after a while it will become in fact just a piece of garbage
Actually a nice overview between ASIC and GPU.I cant really deny that when it comes to resale concern,these GPU do really have it
even though resale isnt really that high but atleast you would able to get something in return with your investment with those cards.
Unlike on ASICs where once they arent profitable already and become outdated theres no one would recognized or consider on purchasing them.
It looks like you are missing the latest report about how profitable asic in this day. That's the guarantee when you are mining use GPU rather than ASIC. it's just like insurance when you get nothing and feeling tired to mine crypto using it and you can sell it and get more than 60% from your first initial amount.
I suggest you see the latest comparison about how much profit generated by GPU and ASIC.
legendary
Activity: 3122
Merit: 1140
May 15, 2019, 05:14:54 PM
#66
I will also focus on GPU mining for one simple reason - the liquidity of video cards.
You can use them to mine a certain coin, then another.
If you get tired or fail, sell it to someone, like miner or gamer or elsewhere.
ASIC is a short-term investment, because after a while it will become in fact just a piece of garbage
Actually a nice overview between ASIC and GPU.I cant really deny that when it comes to resale concern,these GPU do really have it
even though resale isnt really that high but atleast you would able to get something in return with your investment with those cards.
Unlike on ASICs where once they arent profitable already and become outdated theres no one would recognized or consider on purchasing them.
member
Activity: 686
Merit: 12
May 15, 2019, 03:54:43 PM
#65
I will also focus on GPU mining for one simple reason - the liquidity of video cards.
You can use them to mine a certain coin, then another.
If you get tired or fail, sell it to someone, like miner or gamer or elsewhere.
ASIC is a short-term investment, because after a while it will become in fact just a piece of garbage
full member
Activity: 846
Merit: 115
May 15, 2019, 02:10:08 AM
#64
Gpus actually have longer roi compared to Installing solar youself. With solar it's not useless after 3 years. Its good for 25+ years. My roi time on solar will be 4 years since I installed it myself

So one should really consider getting solar over GPU mining rig.

That's what I did to stay ahead of the game. GPU mining is oversatured and pretty much for losers as this phase in the market
legendary
Activity: 3038
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
May 15, 2019, 12:33:41 AM
#63
My opinion is that it is better for GPU to buy for mining.
ASICS has a limited lifespan, new ones come out with a large hashrate and old models become illiquid.
Videocards are a more liquid and universal product and means of mining.
I agree with you. maybe ASIC is really very good at doing mining, and of course it can be faster than the GPU. but, in broad terms, I would choose GPU to do mining. but, if you just want to focus on mining, I think ASIC is the first choice.
ASIC gives us short term ROI compared with GPU, GPU is a bit better than it consider it can be used to mine various crypto but remember we must think about the potentially of the difficulty change that happen anytime based on the how much new hashrate that being distributed to the network from the new mining rig. that will be a difficult choice but this time ASIC still very profitable and GPU needs long ROI.
legendary
Activity: 2758
Merit: 1004
Buzz App - Spin wheel, farm rewards
May 14, 2019, 11:59:41 AM
#62
My opinion is that it is better for GPU to buy for mining.
ASICS has a limited lifespan, new ones come out with a large hashrate and old models become illiquid.
Videocards are a more liquid and universal product and means of mining.
I agree with you. maybe ASIC is really very good at doing mining, and of course it can be faster than the GPU. but, in broad terms, I would choose GPU to do mining. but, if you just want to focus on mining, I think ASIC is the first choice.
legendary
Activity: 2744
Merit: 1387
Ukrainians will resist
May 13, 2019, 01:47:48 PM
#61
My opinion is that it is better for GPU to buy for mining.
ASICS has a limited lifespan, new ones come out with a large hashrate and old models become illiquid.
Videocards are a more liquid and universal product and means of mining.
copper member
Activity: 476
Merit: 4
May 13, 2019, 12:44:44 PM
#60
 The two have distinct characteristics and quite useful in their own way. ASIC is better in terms efficiency and better profits, but it does not support the mining of variety of coins but it will give you more profits than a GPU
full member
Activity: 925
Merit: 100
May 12, 2019, 01:31:18 PM
#59
I think it's not just me that loves GPU, my own reason for  is that, GPU tends to be customizable, in the same way the algorithm can be switched efficiently. Also, when I get tired of it I can resale for a good price.
The only demerit, is that it is costly than its counterpart, but since you have the funds, you can give it a trial.
full member
Activity: 660
Merit: 101
Colletrix - Bridging the Physical and Virtual Worl
May 11, 2019, 11:20:34 PM
#58
They are both unique in their own ways. Bear in mind that ASIC is loud and not as versatile as GPU but it gives faster ROI and profit.  GPU in its own way is more versatile than ASIC as you can use it for  mining of varrious coins
hero member
Activity: 938
Merit: 501
May 11, 2019, 06:18:19 PM
#57
Mining with GPU does not generate much profits as ASIC does. If you are afraid of investing funds into mining of cryptocurrencies then you would not make much profits. Also, now that the crypto market is rising it would be best to set up some ASIC rigs and start your mining activities.
hero member
Activity: 924
Merit: 1001
May 11, 2019, 03:18:10 PM
#56
ASIC are good but the problem only support less coins unlike GPU mining that you can mine any coins you want and many different algos.

ASIC will give you profit in few months but since the difficulty increases and possibly price drop of some coins you won't get your ROI fast unless if the price is continuesly increasing.
full member
Activity: 1078
Merit: 104
GoMeat - Digitalizing Meat Stores - ICO
May 11, 2019, 02:21:25 PM
#55
First both are good choices, but since you have enough fund, I will suggest GPU mining as you can resale it for a good value should you not want it again unlike ASIC. Also, you can customize it to suit your taste as well as switching algorithm.
legendary
Activity: 2758
Merit: 1004
Buzz App - Spin wheel, farm rewards
May 11, 2019, 11:20:13 AM
#54
A lot of people are scared to buy ASICs, they are designed for one purpose and they lose value fast.  At least gpus have a solid resale value and its much easier to find buyers if you have to liquidate quickly.  I know some people think GPU mining is dead but as long as there are profits to be made people will continue on.
for now, it looks like ASIC is less attractive, but I think ASIC will be popular again when market prices recover. well, however, I will also choose GPU. although it's not as strong as ASIC, but I think it's like gold that we use to find other gold. well, as long as we take care of it, the GPU is still very much needed by people, so it's easier to sell it again.
hero member
Activity: 1120
Merit: 554
May 11, 2019, 11:01:17 AM
#53
A lot of people are scared to buy ASICs, they are designed for one purpose and they lose value fast.  At least gpus have a solid resale value and its much easier to find buyers if you have to liquidate quickly.  I know some people think GPU mining is dead but as long as there are profits to be made people will continue on.
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