Everyone who thinks ASICs are taking over should read this

nsummy

full member

Activity: 1179

Merit: 131

Quote from: MinedTangerine on July 13, 2018, 12:07:21 PM

Quote from: nsummy on July 13, 2018, 10:49:55 AM

Quote from: MinedTangerine on July 13, 2018, 10:14:14 AM

Quote from: DireWolfM14 on July 13, 2018, 10:09:15 AM

New coins will keep being introduced that are practical for CPU and GPU mining, even if only for the short term. A agree that ASICs are not a great investment, unless you are Bitmain. But with ETH going to PoS soon, GPUs will be less profitable next year.

I'm hedging my bets on FPGAs for the long term. They can run at a fraction of the power demands of typical GPUs, and has as fast as ASICs with the proper algorithm.

Yes ETH going PoS is greater danger then any ASIC of FPGA simply because of the number of GPUs on it. Unless half of those then simply sell their rigs. In that case its not so bad at all.
I also see FPGA as the future, but until they are mass produced affordable and can be operated by the average Joe, not so much.

By the time ETH goes POS, all of those GPUs mining it will be obsolete anyway. If ETH disappeared tomorrow, the 570s, 580s, 470s, 480s would have nowhere to go. Maybe cryptonight algos.

Really, then why I am making better profit on Lyra2z coins then on ETH? Also the new miner for Lyra2rev2 is great for AMD.

Maybe for now, most lyra2z coins are essentially masternode shitcoins though and fpgas are coming for lyra2z , and zcoin will be forking to a new algo soon. My point wasn't that ethash wasn't the only thing the old amd cards can mine, its that they aren't very versatile compared to nvidia cards.

Marvell2

full member

Activity: 1148

Merit: 132

Quote from: nsummy on July 13, 2018, 10:49:55 AM

Quote from: MinedTangerine on July 13, 2018, 10:14:14 AM

Quote from: DireWolfM14 on July 13, 2018, 10:09:15 AM

New coins will keep being introduced that are practical for CPU and GPU mining, even if only for the short term. A agree that ASICs are not a great investment, unless you are Bitmain. But with ETH going to PoS soon, GPUs will be less profitable next year.

I'm hedging my bets on FPGAs for the long term. They can run at a fraction of the power demands of typical GPUs, and has as fast as ASICs with the proper algorithm.

Yes ETH going PoS is greater danger then any ASIC of FPGA simply because of the number of GPUs on it. Unless half of those then simply sell their rigs. In that case its not so bad at all.
I also see FPGA as the future, but until they are mass produced affordable and can be operated by the average Joe, not so much.

By the time ETH goes POS, all of those GPUs mining it will be obsolete anyway. If ETH disappeared tomorrow, the 570s, 580s, 470s, 480s would have nowhere to go. Maybe cryptonight algos.

actually 580s and 570s can still mine lyra ok and x16 at lower power than eth takes
as long as your cards are paid off , keeping them is still viable

i have 290x and 390x cards that are 4 and 8gb and still mining eth.
Nex year i plan to buy a crate of 330 watt solar panels and slowly start phasing them
in , power use is the most important aspect when it comes to mining.

plus remeber if u run it as business even when running at home you can deduct all the hardware and power
costs as a business expenses so in honesty it doesn’t matter what your power cost is as long as u are in the green

MinedTangerine

jr. member

Activity: 308

Merit: 4

Quote from: DireWolfM14 on July 13, 2018, 11:27:06 AM

Quote from: nsummy on July 13, 2018, 10:49:55 AM

Quote from: MinedTangerine on July 13, 2018, 10:14:14 AM

Quote from: DireWolfM14 on July 13, 2018, 10:09:15 AM

New coins will keep being introduced that are practical for CPU and GPU mining, even if only for the short term. A agree that ASICs are not a great investment, unless you are Bitmain. But with ETH going to PoS soon, GPUs will be less profitable next year.

I'm hedging my bets on FPGAs for the long term. They can run at a fraction of the power demands of typical GPUs, and has as fast as ASICs with the proper algorithm.

Yes ETH going PoS is greater danger then any ASIC of FPGA simply because of the number of GPUs on it. Unless half of those then simply sell their rigs. In that case its not so bad at all.
I also see FPGA as the future, but until they are mass produced affordable and can be operated by the average Joe, not so much.

By the time ETH goes POS, all of those GPUs mining it will be obsolete anyway. If ETH disappeared tomorrow, the 570s, 580s, 470s, 480s would have nowhere to go. Maybe cryptonight algos.

Most GPUs are already obsolete (for mining.) Just look in the market place and see all the cards with 4GB or less sellers have to practically give away. Used 580s with 8GB memory aren't moving at $235! The market will be flooded with new 8GB 580s in a few weeks when the next generation of GPUs are announced. A 1080ti will be under $600.

I think Nvidia is bound to introduce an affordable FPGA with a built-in bios designed specifically for mining within a year. If PoS doesn't kill Ethereum for GPUs that surly will. But yes, cryptonight will be the next refuge for GPU miners.

You simply are guessing. Time will tell. My R9 290x still does the same numbers on most algo as the RX 580. But yea the power consumption is a problem. But saying its obsolete is stretching it. Check the forums and count how many times GPU mining died already. And as you saw the profits from GPU mining this year are the same as last year. How is that possible if GPU mining died at least 10 times in the last year already

New GPU cards may blow ASICs and FPGA out of the water for all we know (not likely though). So only older cards will be then less efficient. But if you are still profitable then you can still mine.

MinedTangerine

jr. member

Activity: 308

Merit: 4

Quote from: nsummy on July 13, 2018, 10:49:55 AM

Quote from: MinedTangerine on July 13, 2018, 10:14:14 AM

Quote from: DireWolfM14 on July 13, 2018, 10:09:15 AM

New coins will keep being introduced that are practical for CPU and GPU mining, even if only for the short term. A agree that ASICs are not a great investment, unless you are Bitmain. But with ETH going to PoS soon, GPUs will be less profitable next year.

I'm hedging my bets on FPGAs for the long term. They can run at a fraction of the power demands of typical GPUs, and has as fast as ASICs with the proper algorithm.

Yes ETH going PoS is greater danger then any ASIC of FPGA simply because of the number of GPUs on it. Unless half of those then simply sell their rigs. In that case its not so bad at all.
I also see FPGA as the future, but until they are mass produced affordable and can be operated by the average Joe, not so much.

By the time ETH goes POS, all of those GPUs mining it will be obsolete anyway. If ETH disappeared tomorrow, the 570s, 580s, 470s, 480s would have nowhere to go. Maybe cryptonight algos.

Really, then why I am making better profit on Lyra2z coins then on ETH? Also the new miner for Lyra2rev2 is great for AMD.

DireWolfM14

copper member

Activity: 2338

Merit: 4543

Join the world-leading crypto sportsbook NOW!

Quote from: nsummy on July 13, 2018, 10:49:55 AM

Quote from: MinedTangerine on July 13, 2018, 10:14:14 AM

Quote from: DireWolfM14 on July 13, 2018, 10:09:15 AM

New coins will keep being introduced that are practical for CPU and GPU mining, even if only for the short term. A agree that ASICs are not a great investment, unless you are Bitmain. But with ETH going to PoS soon, GPUs will be less profitable next year.

I'm hedging my bets on FPGAs for the long term. They can run at a fraction of the power demands of typical GPUs, and has as fast as ASICs with the proper algorithm.

Yes ETH going PoS is greater danger then any ASIC of FPGA simply because of the number of GPUs on it. Unless half of those then simply sell their rigs. In that case its not so bad at all.
I also see FPGA as the future, but until they are mass produced affordable and can be operated by the average Joe, not so much.

By the time ETH goes POS, all of those GPUs mining it will be obsolete anyway. If ETH disappeared tomorrow, the 570s, 580s, 470s, 480s would have nowhere to go. Maybe cryptonight algos.

Most GPUs are already obsolete (for mining.) Just look in the market place and see all the cards with 4GB or less sellers have to practically give away. Used 580s with 8GB memory aren't moving at $235! The market will be flooded with new 8GB 580s in a few weeks when the next generation of GPUs are announced. A 1080ti will be under $600.

I think Nvidia is bound to introduce an affordable FPGA with a built-in bios designed specifically for mining within a year. If PoS doesn't kill Ethereum for GPUs that surly will. But yes, cryptonight will be the next refuge for GPU miners.

nsummy

full member

Activity: 1179

Merit: 131

Quote from: MinedTangerine on July 13, 2018, 10:14:14 AM

Quote from: DireWolfM14 on July 13, 2018, 10:09:15 AM

New coins will keep being introduced that are practical for CPU and GPU mining, even if only for the short term. A agree that ASICs are not a great investment, unless you are Bitmain. But with ETH going to PoS soon, GPUs will be less profitable next year.

I'm hedging my bets on FPGAs for the long term. They can run at a fraction of the power demands of typical GPUs, and has as fast as ASICs with the proper algorithm.

Yes ETH going PoS is greater danger then any ASIC of FPGA simply because of the number of GPUs on it. Unless half of those then simply sell their rigs. In that case its not so bad at all.
I also see FPGA as the future, but until they are mass produced affordable and can be operated by the average Joe, not so much.

By the time ETH goes POS, all of those GPUs mining it will be obsolete anyway. If ETH disappeared tomorrow, the 570s, 580s, 470s, 480s would have nowhere to go. Maybe cryptonight algos.

MinedTangerine

jr. member

Activity: 308

Merit: 4

Quote from: butka on July 13, 2018, 10:23:55 AM

Thanks for the read. I find the examples case in point to show how quickly the profitability of ASICs goes down.

I have never mined with ASIC, but according to the article, if you purchase new ASIC units, you have to be really fast (among the first buyers). The major part of your profit will be generated in the first couple of months. With time, the profitability is diminished, and within one year it practically goes to zero. With GPUs, you always have to choice to switch to another altcoin, so GPUs are definitely a better choice for small miners.

Now, it was also interesting to read about the new player in the mining field, the FPGA. They are like ASIC, but with flexibility of GPUs. Could be the future of mining.

The fact about ASICs are well know, but people ignore them and its good to see examples with actuall numbers posted. Makes you think why anyone buys that shit.
Yes FPGAs are maybe the future, but there is so much variables. First we need to see them mass adopted and that could take up to 3 years.
And second new GPUs are comming out. People don't realize that this arhitecture we have today is at least 3 years old!!!

So new GPU might be so much more powerfull that FPGA won't be profitable anymore in terms of ROI. This is crypto for you. Always on the bleeding edge

butka

full member

Activity: 434

Merit: 246

Thanks for the read. I find the examples case in point to show how quickly the profitability of ASICs goes down.

I have never mined with ASIC, but according to the article, if you purchase new ASIC units, you have to be really fast (among the first buyers). The major part of your profit will be generated in the first couple of months. With time, the profitability is diminished, and within one year it practically goes to zero. With GPUs, you always have to choice to switch to another altcoin, so GPUs are definitely a better choice for small miners.

Now, it was also interesting to read about the new player in the mining field, the FPGA. They are like ASIC, but with flexibility of GPUs. Could be the future of mining.

MinedTangerine

jr. member

Activity: 308

Merit: 4

Quote from: DireWolfM14 on July 13, 2018, 10:09:15 AM

New coins will keep being introduced that are practical for CPU and GPU mining, even if only for the short term. A agree that ASICs are not a great investment, unless you are Bitmain. But with ETH going to PoS soon, GPUs will be less profitable next year.

I'm hedging my bets on FPGAs for the long term. They can run at a fraction of the power demands of typical GPUs, and has as fast as ASICs with the proper algorithm.

Yes ETH going PoS is greater danger then any ASIC of FPGA simply because of the number of GPUs on it. Unless half of those then simply sell their rigs. In that case its not so bad at all.
I also see FPGA as the future, but until they are mass produced affordable and can be operated by the average Joe, not so much.

MinedTangerine

jr. member

Activity: 308

Merit: 4

Quote from: 0xcosmos on July 13, 2018, 10:00:51 AM

until and unless implementation of new algos like progpow which can be both asic and fpga resistant
there is little hope for gpu mining

Nah did you read what is proven in the article. The GPU profits this year are the same as they were last year. All else is FUD. The only exception was the Q4 2017 but that was obviously an anomally.
And ProgPoW is being implemented into Bitcoin Interest as first coin with that algo. There are also other algos resistant to ASICs, like BitTube CN Heavy-Saber, which is also to a degree FPGA resistant. The developer of the algo (Imperdin) is also an FPGA bitstream developer and knows his stuff.

DireWolfM14

copper member

Activity: 2338

Merit: 4543

Join the world-leading crypto sportsbook NOW!

New coins will keep being introduced that are practical for CPU and GPU mining, even if only for the short term. A agree that ASICs are not a great investment, unless you are Bitmain. But with ETH going to PoS soon, GPUs will be less profitable next year.

I'm hedging my bets on FPGAs for the long term. They can run at a fraction of the power demands of typical GPUs, and hash as fast as ASICs with the proper algorithm.

0xcosmos

full member

Activity: 585

Merit: 110

until and unless implementation of new algos like progpow which can be both asic and fpga resistant
there is little hope for gpu mining

ciprianpt

jr. member

Activity: 127

Merit: 8

Quote from: MinedTangerine on July 13, 2018, 07:29:41 AM

Read this, stop fooling yourself and feeding the greedy shits who lie to your face and take your money:

https://1stminingrig.com/asic-vs-gpu-mining-profitability-in-bear-markets/

GPUs are still the way to go.

Thank you for sharing this MinedTangerine

Ciprian

MinedTangerine

jr. member

Activity: 308

Merit: 4

Quote from: din5min on July 13, 2018, 09:03:44 AM

Still ASICS are ruining mining and profits for most but a few big players.

Yes, but the only one geting any profit out of that are the manufacturers like Bitmain. While stupid people are buying door stoppers. Open your eyes people and stop buying what is clearly unprofitable.

MinedTangerine

jr. member

Activity: 308

Merit: 4

Quote from: ?? on ??

Code:

[email]https://1stminingrig.com/asic-vs-gpu-mining-profitability-in-bear-markets/[/email]

are you typo to add "[url]" or intentionally add "[email]"?

It was a typo, sorry. Fixed it.

din5min

newbie

Activity: 10

Merit: 0

Still ASICS are ruining mining and profits for most but a few big players.

Piskeante

member

Activity: 924

Merit: 15

people are greedy. That's why ASIC appeared. The only solution is ETH to hard fork. And they've said it was not on their plans. Why? because they need their net ready as soon as possible, they don't actually care if ETH becomes and ASIC centralized coin, Which shows money can change perspective on anything in the world. They are as corrupts as the others.

MinedTangerine

jr. member

Activity: 308

Merit: 4

Read this, stop fooling yourself and feeding the greedy shits who lie to your face and take your money:

https://1stminingrig.com/asic-vs-gpu-mining-profitability-in-bear-markets/

GPUs are still the way to go.

Topic: Everyone who thinks ASICs are taking over should read this (Read 363 times)