Topic: ASIC or GPU mining? (Read 1828 times)

Why does this thread get a BUMP after every 300 days?

Spamming in Mining section?

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.

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

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

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.

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.

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.

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

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

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.

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.

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.

 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

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.

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

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.

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.

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.

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.

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.

Crypto mining hardware can make or break your cryptocurrency mining venture. It is, thus, essential that you choose the right hardware to make the most out of your cryptocurrency mining journey. If you want to mine multiple currencies, GPU is the right choice for you. On the contrary, if your focus is on mining a single cryptocurrency, ASIC cryptocurrency mining hardware are certainly your thing

How much time do you have?

how much time can you spend to research, tweak, monitor, RD, look into speculations of altcoins?, if the answer is you have enough time, go for GPU.

If you want something that you buy and set up once using a simple youtube video and a bit of common sense for for ASIC. they are loud, you can silence them BUT never use them in the same room as you work/live/study/sleep  .

Both are a very good source of heat in the winter and both hate dust.

ROI has been covered and it is the same here with one addition, depending on luck you can still resell your ASIC for a hefty amount even after 6 months, and if you are really lucky you may sell it after 1 year with more than you payed on it ( not including the transport and custom fees, and definitely not if you purchased yours in the hype of January.

If you are thinking of installing mining equipment at home, then don’t even think about ASICs. They are very noisy and cannot be used in rooms where people live. GPUs now give less profit, but they are more versatile.

ASIC mining is growing in recent days but it is not a highly recommend because they don't ha e provide warranty in my country so all are move to GPU mining. The current market is uncontrollable so all the coins are dump continuously it is reflected in mining platform. I think we should start trading in this dip.

Gpu's is the way to go.
You can always sell 'em or just put em to a side if expenses are too high for the moment.
Asic's for me are bonus stuff.
Me myself also like to do stuff with computer so Asic's plug and play system are not for me.

Right now none of them as bitcoin and other crypto prices are not that high and the difficulty is up for most coins. If you still want to mine then the Gpus would be a more easy way to mine, the price of Rx series is down at the moment and you can build a Gpu rig with 1000 dollars easily, can mine different coins and would not be dependent on only or few algorithms like Asics are.

I am a beginner in the topic of cryptocurrency.BTC I heard from a friend that you can simply buy ASIC Mining on the Internet and create your own farm. We threw money, got an order ... That's cool! Machine is super! The manufacturer says that it is the most powerful machine in the world, and it's true! Crypt is the future!

Maybe you lose money ... Maybe you become a rich man.  That's how much ... Lol 

How much profit can make if have at home one miner?

monero state war to asics, sumokoin fork to heavy, x16r is asic resistant.
with so many asic-proof algo development ahead, I would go GPU.
maybe this year asics is winning but years to come there will be a winter for asics.
thats my prediction, sir

That is right. It is better to get GPU to mine.

I believe asics are more risky cuz if something goes wrong you can always sell your GPUs but not asics. I would go with GPUs

What about CPU Mining?
There are great coins like BiblePay that are CPU ONLY

Asics are more profitable in the beginning but once many asics miner join in the difficulty skyrockets and the profitability goes only in one direction, down.

With graphic cards mining you have a bit of more options to try if some coin is not profitable anymore. Look at what Monero developers did to stop the asic invasion, they forked the coin to be asic resistant. For 2-3 days the profitability of Monero in V7 is better than Ethereum although we know this will not be the case for long.

I would go for graphic cards mining as they have also resale value after some time, asics have not unless some person with free electricity buys them.

Liquidity is the only issue for ASICs, you can't just sell them quick like GPUs. And few models might come handy in future, demending on the algo they support (NOT Scrypt of SHA-256 LOL).

i think using gpu more profitable. antminer can be expired nothing can do except for mining. who wont to buy it. but gpu i can sell for gaming user.

I prefer GPU mining beacuse if something goes wrong you can use them to play games or you can sell it

Gpu mining is much better because when you buy hardware you can use it for long time.
For example I know some peoples are very happy even today with old 7970 amd cards for about 5 years in mine.
And asic can't be used for long time.

In two words: GPU rigs

Basically because they loose less value compared to ASICs, generally there are a couple of decently profitable algos, and you aren't in direct competition with the producer (AMD/NVIDIA)

Internet bandwith? I'm running two gpu rigs and neither uses any more bandwith than my ASIC (none of them use a noticeable amount). My rigs certainly cost more than my L3+ and make less per day, but they also will continue to make the same amount for far longer than an ASIC.

I would not use GPU because u will miss your internet bandwidth for the little profit from it. I have a baikal mini i love it, a antminer U3 63gh batch 2 and 3 gridseed g-blades I wish i had more hashing power but these are not bad.

We need a safer asset, these are video cards. Asics assume big risks, but money returns quicker. Asics is more for professionals, for $ 3000 it's better to take a few GPU farms, or one farm for gtx 1080ti. Three years warranty will override any risks and difficulties with customization. Asics is preferably used in China.

I use EthOS for my gpu rigs, I have had zero technical problems on my side (I have had some rare poolside problems with newer coins, but that's to be expected every now and again). Not an advert for them, I just like the OS. It IS $40/rig, but I like that it's upfront and not monthly, and having started by trying to build linux distros myself for my first rig, I am much, much happier with the plug and play nature of it. You don't even need to know much Linux/Unix, there is a very simple commands guide that is pretty much all you need...

I have heard good things about other mining OSes as well, not saying EthOS is better or worse than any of them, just that I never seem to have any technical issues with GPUs. But you are right, if you just want to mine simply and in one pool in a "set it and forget it" way, then ASICs are definitely the way to go. Plus it's easier to use them as space heaters.

Our company is only mining with GPUs at the moment. But at the beginning with such a small investment i would recommend you to get an asic miner => And invest the profit into GPU Rigs.

ASIC= loudness but no problem with configure hardware
GPUs= quiet but many technical problems

i think for beginners better will be ASIC.

This also. You never know. I thought that the D3 I ordered from Bitmain (arriving end of the month) was a slam dunk and that I'd made a mistake overpaying for an L3+ from a third party seller on Amazon. The L3+ is still bringing in around $18-25/day consistently, the D3 has gone from around $150/day when I ordered it to $5/day and I don't even have it yet...

Point is it is all a crapshoot, and just make the calls that make the most sense to you. The upside to GPUs is that you can start small and expand as you go, so the upfront cost can be less. I would also point out that the D3 is still profitable, it will just take a lot longer to reach your ROI (especially once the November and December batches ship), but even at $5/day with the stock miner at stock settings, it's still profiting $2-3/day on Dash. That's not a lot and will take around two years at that price to ROI, but depending on when better X11 miners are released and also how DASH and other X11 coins hold or go up/down in value, you still can recoup faster (example: if you are using Nicehash and had been getting paid out in Bitcoin all last month, everything you got paid is now worth twice as much if you held it).

It's all about strategies, but yes, the D3 turned out to be a poor choice, I really wish I'd just bought a second L3+, but again, live and learn. GPUs I bought that I thought would take 8 months to ROI have already done it in 3, others not as quickly. Just don't put money in you can't afford to lose and learn as much as you can about the coins you're mining and you'll do fine.

It's very unpleasant. I would not want to be in a similar situation. In other side, I see that GPU mining has more advantages than ASICs. Thanks for your advice.

It depends on what type of cryptocurrency are you going to mine. ASIC can only mine a specific but can can also mine different coins depending on the ASIC module. But if you will be mining different coins or tokens then definately go with GPU mining.

I think GPU mining would be better. Because GPU is less costlier compared to ASIC and therefore you can purchase a number of GPU more than the ASIC. Am not so familiar with ASIC mining. You can take advice from other people also.

Epecially now as they hit a mayor roadblock in chip minituarization. Newer gen GPUs will have 10% better hashrate at best and for at least a year and a half when ETH allegedly turns PoS mining profits should be stable.

It is true, however that there is a lot less hassle with ASICS and they ROI faster. Downside is complete lack of resale value and you need a garage to put them in because they are LOUD.

The downside to ASICs is that you have to upgrade if you want to stay competitive.  At some point better and more efficient ASIC's will be  released, and if you don't upgrade you will not earn as much because your overall percentage of hashpower thrown at the network has gone down while difficulty (probably) has gone up.  If you go with ASICs make sure you aren't buying last years models.

GPUs have better resale value and the difference in hashrate from on generation to the next is usually not that bad.

Not to speak for the poster, but my two cents: I read that as in reference to specific coins, that if ASIC mining is available for that coin then it is the way to go because a current ASIC chip geared for a specific coin will outperform a current GPU on that same coin, pretty much always, that's what it's designed to do. For general mining, you can still profit significantly with gpus though (look at the profits from the D3 vs 4 580s, but also look at 5 580s vs an L3+; it's all relative).

ASIC mining if the machine hasn't been on the market long. Otherwise, GPU, because you have much more options of what to mine as well as an upgrade path and resellable parts. Right now I wouldn't pay full price for anything other than an L3+ (and we'll see how that fares when the Nov and Dec batches go online) or maybe an S9.

Why not? All online marketplace in my country are full of propositions of constructing GPUmining farm. And, as I can see, it is very popular service. Persons don't want to risk and buy ASICs. Gamers would buy your GPUs with great pleasure, but what about ASICs.

I know that can earn more with ASICs, but if there will be panic on market, it would be hard to sell hardware...

Whenever there is ASIC mining, GPU mining is out of the question.

That's true, besides being very loud that's a big downside of ASIC miners.
The demand for GPUs is much bigger because it is not only aimed at consumers that want to mine.
Also because most people start to sell their ASIC when the electrical costs become higher than the income of mining.
When all these miners are offered at Ebay, the price is close to worthless.



 

I agree with you, D3 is a bad device with 3$/day profit now. We are being fooled by Bitmain. You should buy GPU, AMD RX470 or RX580,

I'm still new in here so take my advice with caution. One of the best thing i can see in GPU mining is the fact you can sold it back to gamer after ROI point, even if the crypto bubble goes booom this GPU will have a "good" value.
On the other side, if you want "Beast" you'll have to go on ASIC mining.

Gpu is flexible but less reward ASIC is a mining beast but can be out of date "fast"

my 0.00002BTC

GPU mining income is way more stable. RX470 were making ~$1 per day a year ago, still making $1.5 per day now. As for ASICs, just go to forum threads about Antminer D3 and you will see how happy people were in the beginning making $100 day and how pissed off, getting $5 per day with no chance of ROI. Much shorter warranty on ASICs is another factor to consider.

Definitely, try out ASIC mining hardware.
For me, L3+ is the Beast.

You can sell gpu easily but you cant sell easiyl asic

But what if I want to sell all equipment. Can I sell ASIC for someone? Selling GPU is easier than ASIC, isn't it?

Both are good in one way or the other

Today I would go GPU for being more versatile. I think the return on investment would be faster by mining several altcoins. Regards.

It seems to me that the GPU is more profitable. Indeed the performance of the GPU is lower, but you can always change the coins which are mined and if the mining will be not profitable, you will have the chance to sell your GPU at a residual price to gamers. Asic would be worthless. I think this is a powerful argument.

I think if you could purchase some Asic miners at very first batch, you could ROI in 4-6 months, but if it's not the case, ROI is not that fast, maybe 10-12 months like GPU mining. After that ROI, asic miner could not give you much option due to its low hashrate, but with GPU, its flexibility give you some choice on altcoin mining, basically you still could get more profit with it. Going with Asic mining, you should consider about warranty and its noise problem as well. 

GPU for versatile and more option to mine diff algo/coins
Asic is for one algo although some asic has a support for multiple algo.

GPU mining is fun and great learning curve. You stated that your budget is round 3k, so you can make quite a rig! More GPUs bring more $$$ 

Good luck mate!

I'm also wondering wich one to start with... If it's not already too late :p
But i'll go with the GPU mining, kinda for the same reasons you mentionned, the hardware is still worth something separetly if i decide to stop.
I'm planning on a 1500$ investment for 4GPU mining rig, and i'll see where this will go. I wanted to start with 6 GPU but dont want to spend too much in this uncertainty..

I agree with previous post. ASIC will provide faster ROI. Also, keep in mind that ASIC are very loud.

Currently ASIC mining is more profitable, the difference in payback is actually quite big at least 2 times more days.
That's because all profitable ASIC proof coins have a high difficulty compared to the price.
Here is a list with a lot of mining equipment compared: https://www.cryptocompare.com/mining/#/equipment

Hello guys, I read a lot of information about mining. Can you advise me which variant I should choose?
1. I can buy ASIC (my friend have some contact, so I can get it without any problems)
2. I can buy GPU and mine with it.

As I know, ASIC mining is more profitable. But If i will GPU — after mining I can sell it to any gamer. So if Bitocin price will dump I won't lose a lot.

And what do you think? Advise me something, please.

P.S: I've got less than $ 3,000 to invest.