Asics would be fine if they weren't a) the product of a monopoly and b) used in secret, driving up difficulty for everyone, before being repackaged and sold.
As for risk, what many people don't seem to understand is that they are figuring their ROI for the ASIC based on CURRENT--I repeat CURRENT--difficulty. Each new batch of 10,000, or 20,000, or whatever is released into the wild the difficulty will go up, earnings go down, and ROI extends.
I just saw an old Scrypt ASIC on Open Bazaar that did 20 MH/s or something--it would make about 18 cents a day now, but at the time it was released, was the cream of its crop.
GPUs get outdated to, but you can mine much more widely with them, sell them, and NVIDIA CUDA architecture is also in demand for rendering, ML, and such. And of course if FPGAs are to be the apex predator of the next generation, one has to think about saving for them instead.
Topic: ASIC. Risk or stability (Read 295 times)
The biggest problem with ASIC is they getting older very quickly. So, stay away from it.
Once you have a specific model, then in 3-6 month the new model will come out and eat your profitability pie right away. And you can do nothing about it. Is just your equipment getting out of competition.
So, I suggest you need to think about that and put as your variable if you want to build a mining rig farms.
I heard that this year and forward, the FPGA mining will come back to live again, so stay tuned! ;-)
Once you have a specific model, then in 3-6 month the new model will come out and eat your profitability pie right away. And you can do nothing about it. Is just your equipment getting out of competition.
So, I suggest you need to think about that and put as your variable if you want to build a mining rig farms.
I heard that this year and forward, the FPGA mining will come back to live again, so stay tuned! ;-)
So the home gpu-miner is fucked completely and big farms get some help, what is not to like?
You just colocate your ASICs and have someone else run them for you. GPU mining profitability has been in the shitter for a long time, its a waste to ever buy more GPUs.
Remember it takes money to make money.
How does that solve -> profitability, fact that most ASICS have shorter lifespan and narrower profit margins. Or let's say I would make less money from the money I would invest in.
I still have a AMD rig from 2016 which still has one full year warranty and pulls in 10-17 usd/day depending what it mines.Quite good returns I must say from that.
Money makes money? whoaaa hang in there it's too groundbreaking of a revelation for me.
So the home gpu-miner is fucked completely and big farms get some help, what is not to like?
You just colocate your ASICs and have someone else run them for you. GPU mining profitability has been in the shitter for a long time, its a waste to ever buy more GPUs.
Remember it takes money to make money.
Still a 8 card 470 rig will yeild 4kish a year (11$ a day) at these prices according to whattomine and cryptocompare. It's still not bad. I remember when we made 4$ a day and this is past double that.
So the home gpu-miner is fucked completely and big farms get some help, what is not to like?
You just colocate your ASICs and have someone else run them for you. GPU mining profitability has been in the shitter for a long time, its a waste to ever buy more GPUs.
Remember it takes money to make money.
The trick with ASICs is you need a lot of them to succeed. If you just have 3-4 you are always chasing whats next, but if you have a few hundred of thousand and you can ROI in months and make huge profits afterwards. It all comes down to power cost. If you have 3 cent power you are still making $50 a month off of an S7 even when the S9 replacement is right around the corner.
So the home gpu-miner is fucked completely and big farms get some help, what is not to like?
The trick with ASICs is you need a lot of them to succeed. If you just have 3-4 you are always chasing whats next, but if you have a few hundred of thousand and you can ROI in months and make huge profits afterwards. It all comes down to power cost. If you have 3 cent power you are still making $50 a month off of an S7 even when the S9 replacement is right around the corner.
In general, there is nothing wrong with ASICs as long as it's decentralized.
The issue is that usually one company can have over >50 % hashrate and lead to attacks.
Right now BTC is getting more and more decentralized since there is more than 1 manufacture of ASIC.
BTC , LTC , Dash all have ASICs and are without issues.
The issue is that usually one company can have over >50 % hashrate and lead to attacks.
Right now BTC is getting more and more decentralized since there is more than 1 manufacture of ASIC.
BTC , LTC , Dash all have ASICs and are without issues.
I refer you to discuss what do you prefer: stability in mining - (Antminer S9, GPU...) or risk in mining: new ASICs, mine new tokens etc.
So what do you think about it?
What do you mean in stability and risk? Because antminer s9 is asic like new asics, gpu is absolutely different like cpu and hdd.So what do you think about it?
If you mean which one is stable and risky, let me explain.
Antminers cost a lot and sometimes get damaged easily + expensive to repair unlikely gpu. GPU is very stable even on overclock and can bring you a solid profit but in any way asic is more profitable then gpu mining (For example compare bitmain's eth miner to other gpus). Cpu mining works for monero, hdd for burst and other coin (can't remember name) but it doesn't worths.
While buying gpu, you have to consider that as time goes, you need more vram in gpu's to continue mining (for example 512mb isn't enough but in past it was.
For more money I would choose asic but if you have low budget and want stable mining + ability to sell your gpu, then choose GPU mining.
The problem with ASICs is that you are always chasing after the new models. I have a pile of older ASICs that are no longer profitable to run and quit chasing the ASIC dragon about two years ago. You get to the point of just about being profitable with them, or maybe even make a few bucks, but then bamm, a new model that is 5-10x more efficient than the older model comes out and soon your looking at turning off your now useless space heaters. At least with GPUs the GPU can switch to other algorithms and for the most part retains some resale value.
My advice would be to make sure you have low electric rates before spending too much money on ASICs, as in about 6 months any ASIC you buy today will be on its way out the door in terms of efficiency and profitability, so the lower you electric rate is the longer you can last.
My advice would be to make sure you have low electric rates before spending too much money on ASICs, as in about 6 months any ASIC you buy today will be on its way out the door in terms of efficiency and profitability, so the lower you electric rate is the longer you can last.
i have never been an asic fan but that being said i do have a few of them. Like 20% of my miners are asics and 80% gpu (50/50 AMD NVIDIA)
And what do you mine with you GPU and ASIC? Eth? BTC? or more different tokens?L3+ asics
S9 Asics
Eth
Ravencoin
Monero
Zcash
whatever makes the most $. My end game is btc/eth
i have never been an asic fan but that being said i do have a few of them. Like 20% of my miners are asics and 80% gpu (50/50 AMD NVIDIA)
And what do you mine with you GPU and ASIC? Eth? BTC? or more different tokens?
I'd go wild with new ASICs if I had somewhere to put them
i have never been an asic fan but that being said i do have a few of them. Like 20% of my miners are asics and 80% gpu (50/50 AMD NVIDIA)
As in life great risk brings great gains or loss.
I understand but I want to know how many people prefer risk and maybe somebody have already buy new ASICs and loss.Post your feedback)
As in life great risk brings great gains or loss.
I refer you to discuss what do you prefer: stability in mining - (Antminer S9, GPU...) or risk in mining: new ASICs, mine new tokens etc.
So what do you think about it?
So what do you think about it?
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