Topic: Future of GPU mining, what's your plan? (Read 605 times)

EPIC anticipated the onslaught of departed ETH miners by adjusting the polyphasic distribution from 62/38/2 (CPU/GPU/ASIC) to 48/48/4 and, so far, this allocation has been excellent in balancing purchasing demand and profitability to miners despite having 7X'd the network hashrate since ETH's beacon chain merge.  

So, it's not a matter of "soon other miners will come..." they have come and EPIC has performed very well.

ViteX is DEX with mobile apps on iOS and Android that are non-custodial (your keys/your crypto). The Vite token is on Binance which happened back in late 2019/early 2020 by way of large community support. They are a community of 10's of thousands with pretty cool independent projects such as VINU spinning up on their infrastructure.  

Just saying, ViteX isn't exactly 'unknown'. They are a solid DEX for those who prefer the DEX option.

CEX are coming soon for EPIC. CoinStore (#60 on CMC) listing is imminent. We were on Bitmart for a brief time but their business model was unsustainable and we have better feedback from our peers regarding exchanges like CoinStore and MEXC. We are looking at MEXC next possibly late this year or sometime in 2024.

ChangeNOW is also coming soon which is a service similar to MoonPay and Simplex.

Soon other miners will come to you and, as always, profit will drop. Although this coin is hard to sell. It is only traded on the unknown ViteX exchange and there is very little trading. Where do you sell your coins?  DYNEX gives slightly less profit, but it is easier to sell.

I can just mine EPIC on ProgPoW with a 1080TI and make $1.06 daily with 52% energy savings.

ironfish is not yet available for mining. On the agenda of the miners is the issue of buying new video cards, because all 3 coins that you mentioned use the core of the video card very well and the 4xxx series will be a good option for them. But miners don't want hot graphics cards like 4080 and 4090.

Mine conflux or kaspa or ironfish. Profit margin vs electricity/hardware cost not too bad.

I don't think they'll rally like Ethereum but still pay is good.

I also believe that in the 5xxx generation we will be able to see good gpus to mine again, having a good jump in power and with a little luck there will be a new coin that will worth to be mined.


I think all of us miners have hope that better days will come.
What I see people commenting on the most is something like Nvidia's 5xxx generation, and the year 2024 for being aligned with BTC halving and a possible bull run.

We can't lose focus because the timing to buy new cards or reactivate old ones is short, if you miss the timing you will spend a lot more to buy new cards and you will lose many days that you could have mined and accumulated some extra coins.
Fortunately in the last mining period I managed to get the timing right, but it's not so easy because you have to take a little risk while people are still pessimistic.

The question of whether GPU manufacturers can do something is also interesting. Many believe that they have influenced the price of ETH and other mineable coin in order to be able to sell more GPUs. I don't have proof (and I don't think anyone does hehe), but I also think they may have influenced it because they never sold so many hardware and never made so much money.

All these pessimistic talk about GPU mining right now made me exchange ETHW,not all of them but half of them in favor of LTC which I then converted to ZIL and through ZIL I am getting rewards daily,not much but 2 ZIL a day for doing nothing is not that bad.

I continue mining despite things not looking as good and as promising they were when we were all mining ETH before it moved to PoS,all the GPU manufacturers losing a lot of money I am sure will do something and within the end of 2024 we would be having another great coin to mine,patience is key as they say.

ethereum is a vram coin, 3xxx is gddr6x same with 4xxx. 4xxx is old tech(more like refresh), 5xxx should do hehe

NEXA (NEXA) looks more attractive and the coin has a good profit on new video cards. I would not hope for a big profit on old video cards that showed good results when mining ethereum. And 500 days payback looks very good in such a market.
See reviews on new video cards, 4070 and 4060 coming soon

Golden era for GPU mining was 2015 Ethereum. You would be mining for breakeven electricity cost. In hindsight all you had to was hodl few years. You would net x1000 return on this mining investment.

Too bad. Now that is behind. ETH went from PoW to PoS.

For GPUs currently it is Conflux and that isn't too attractive.

Future of GPU mining is in shambles. I am not too optimistic about it.

ASIC miners are not always more efficient and cost-effective. This has been proven in practice many times. Modern asics consume a lot of electricity, they are noisy, they are very expensive. A few asics will not bring much profit, but asics also break. Even manufacturers have stopped producing low-noise asics for the home, because mining on asics has become industrial. For a home miner, the easiest option is to buy video cards.

That being said, historically, bull markets in the cryptocurrency space have been associated with increased demand for GPUs and other mining hardware. As the price of cryptocurrencies rises, more miners may enter the market, driving up demand for GPUs to power their mining rigs. This increased demand can lead to higher prices for GPUs and potentially higher profits for miners.

However, it's important to keep in mind that GPU mining is just one aspect of the cryptocurrency market, and its profitability is influenced by a wide range of factors. Additionally, the current trend towards specialized ASIC mining equipment has made it more difficult for GPU miners to compete, as ASIC miners are often more efficient and cost-effective.

If you're considering purchasing GPUs for mining, it's important to do your research and carefully consider the potential risks and rewards. You may also want to consider other factors like the cost of electricity in your area and the availability of mining software and support

Didnt know that lol

The ethash and ethcash algorithms are now difficult to mine on video cards due to high-performance ASICs.

It's somehow hopeless for gpu mining right now, if Ethereum never changed it's algorithm to PoS maybe this altcoin mining will still be attractive, but now I prefer buying my altcoins direct instead of mining them, I still have a few numbers of GPUs laying around but I've lost the will to turn the rig on and keep mining, very discouraged.

We have already seen such events in the history of mining several times. The first time after the appearance of asics for bitcoin mining, then after the fall in prices of cryptocurrencies in 2018. When the new mining season hits, graphics card prices will rise again, so if you've made a profit from mining ethereum, then you should look into buying GPUs.

I’m not all that confident in altcoin mining’s future at the moment. Especially with relation to GPUs. I feel like ASIC manufacturers have streamlined things to where GPU mined coins have to play games to keep from being gamed. I’m sure there will always be a market for GPU mining, but for me personally, I’d like to see a successful coin be mined with GPUs like Ethereum was before I’d start plotting a future in GPU mining.

Thank you!
Hive Os shows the statistics of several coins. The link to the video is in this thread.  
https://bitcointalksearch.org/topic/triple-mining-5421204

ZIL coin mining statistics will not be available in Hive OS, because about 1 time per hour the pool mines this coin, and then switches to the main algorithm.
If a well-known blogger talks about this in more detail, then your miner will be more popular.

I have had 3 or 4 1080ti's and it was a card ahead of its time.
Who had one for mining, until last year with the end of ETH still yielded good profits, and who bought for gaming, managed to skip the entire generation of 2xxx and still arrived well in 3xxx.


Thanks for info sp_
Do you have any estimate like this of Gpus like 3080 and 4080?
I'm curious and I confess I didn't found people doing your method of 4 coins at the same time 

Wow, this is impressive, thanks for the screenshot and Info, I will try this out myself on other GPUs I have, what do you say about AMD graphic cards, can this same operation be carried out on AMD graphic cards? It looks like the Zilliqa coin is the champ here, I plan to bag some ZIL coin too very soon, thanks for the info.

Kaspa is a very good altcoin, I bought good amount of number in 2022 and I plan to hold for the bull market, I don't even bother to mine the coin because I have others in mind, like Ergo, the P102 -100 is equivalent to GTX 1080 like you said but it's an old GPU now, they are even cheaper than 1080 on the market because gamers don't buy them for gaming.

LOL 1080ti's are among with 280x/7970 as one of the best cards of their time and did a multi generation of usefulness.

I would agree if you buy a whole bitcoin rather than buy a graphic card, Graphic Card is best for multi algorithm program. But if you have a spare money the best way is buy an asic Antminer has a bunch of multi algo miner - https://shop.bitmain.com/

But yes there is always coin that can be mined by the GPU

They all are because they predict the past. The math hasn't changed.

So is there a calculator that includes all algorithms at once?
Whattomine is out of date

Some coins can be mined together because they use different parts of the parallel gpu, or they have long pauses between the POW work. Kaspa is using the cache-memory and the cores inside the gpu. While the gpu is waiting for the random memory to complete, the cores are idle and can perform more work. ZIL POW is only 1 minute of mining every hour, and ETC is only able to use 5-10%

ETC (5-10% of standalone)
VTC (99% of standalone speed)
ZIL (100% of standalone speed) (59 minutes idle with 0 gpu usage, and 1 minute of 100% gpu usage)
KASPA (80% of standalone speed)

Another profitable combo with the TBM miner is ETC+RVN+ZIL. Kaspa cannot be mined with raven because raven is using most of the cores already

Wait, you say that 1 GPU generates roughly 4 times more money with TBminer? I don't know too much about mining but as far as I know, when you mine coin, your GPU with whole resources is 100% focused on that coin, people even overclock it for maximum performance. If you mine two coins, than your GPU will automatically dedicate half of hashrate to one coin and another half to another coin, right? But as you say, KASPA doesn't use the memory part of the GPU, then what part is used?
Can you link any calculator that gives us possibility to calculate the maximum profitability potential by including mining of as much coin as possible without significantly interapting with GPU performance?

Not possible in Hiveos because can't run more than one miner. But we are adding kaspa to TBM soon.


setup 3 coins in hive.
choose etc as main coin

pool eu.crazypool.org
port 7000
adress is your ethereum classic adress

Then you put zil and vertcoin in the Extras config (replace with your wallets).

--algo etc+vtc --server-passwd %ZIL_WALLET% --vtc-wallet %VTC_WALLET% --vtc-hostname pool.eu.woolypooly.com --vtc-port 3102

Hiveos doesn't support stats on more than one coin, so you will have to use the pool stats.

If you don't want to use crazypool you can use another pool with ETC+ZIL or nicehash daggerhashimoto port

Do you have instructions on how to set up mining of these 4 coins on Hive OS? I sold the Gtx 1080, but I want to try it on RTX 2070 graphics cards. I want to test the power consumption and temperature of the graphics cards while it's still cold.

The team black miner can miner 3 coins at the same time

https://github.com/sp-hash/TeamBlackMiner/tree/main/Windows%20Launch%20Scripts/ETC%2BVTC%2BZIL

KASPA doesn't use the memory part of the gpu so it can be mined in parallell with ETC+ZIL+VTC. ZIL pow is 1 minute of mining in every hour.
VTC is only using 50% memory so ETC can be mined with a small profit in parallell


P100-102 from 2018 (similar to gtx 1080ti)

ETC: 10MHASH $0.0298  (Ethereum classic)
ZIL: 50MHASH $0.2901 (Zilliqa)
VTC; 860khash $0.1911 (vertcoin)
kaspa: 440MHASH $0.2602 (kaspa)

$0.77 profit per 24hour.

I have not heard about Kaspa coin mining in 2018. I looked at the history of this coin, the development has been going on since 2013, but the blockchain started in 2021 and was not popular. The P102-100 video card was an analogue of the GTX 1080 and this video card now has a very small profit when mining Kaspa.

I have never seen where a graphic card is capable of mining four different coins at the same times, different algorithms for that matter, are you for real? For the fact that this is running on a P102-100 gpu makes me believe this can't be real, that is a weak graphic card, can you provide a screenshot?

A few months ago I created a similar thread: https://bitcointalksearch.org/topic/what-are-your-plans-for-the-coming-year-5430177

I am also curious to know the plans and strategies of each one, to help my choice and follow the trends.

I have been through 2 mining cycles.
I went into 2017, bought gpus for a good price and sold them for a good price too, but ended up with a bag of coins.
In 2020 I was able to get back in at a great time, I bought gpus for great prices and mined as far as I could, and still sold some gpus at a good price (most rx5700 series). This time I learned my lesson and sold some coins to then buy again in the bear market.

Now for the future, I'm always keeping an eye here in the forum, especially in the mining tab, and also in other places like twitter and youtube to try to find that moment again to buy new video cards.
Of course it depends a lot on a new strong minable coin after ETH.
It seems that is starting a new bull run of BTC and consequently altcoins, and perhaps in a brief future mining can return to give more profits, but my prediction until this moment was for 2024 and would be with the new Nvidia video cards, which would be the 5xxx series.

There is also another detail that I am keeping an eye on: gpus are not selling as much as expected, of course, after most people have stopped mining and there are a lot of used gpus on the market.
But at some point there might be a price cut in the 3xxx or 4xxx series that might be interesting to buy.

It's still profitable to mine with the gpu but you have to mine more than one algorithm at once. Old calculators doesn't give the real profit.

P102-100 (2018) profitable at $0.2 per kWh, mining ETC+VTC+ZIL+KASPA

According to whattomine.com, almost every GPU is useless if you don't have free electricity. Even if you pay 0.1 USD per kWh, Nvidia GeForce RTX 4090, Nvidia GeForce RTX 4080, and Nvidia GeForce RTX 4070 Ti are the only ones that generate income higher than ten cents. These GPUs are very expensive and price/expense to income ratio doesn't worth to my mind, especially when there is a chance that new ASICs increase mining difficulty and GPUs will become more useless for this purpose.
Bitmain AntMiners, on another hand, are doing well and are way better choices for mining in terms of price/expense to income ratio.

And if the aim is to mine new coins with the hope that one day they'll increase in price, then isn't trading more beneficial?

And what video cards are cheap now? Nvidia's 4000 series is very expensive and I don't like the new power connectors. The 3000 series is not so cheap, and I have no great desire to buy Chinese handmade with mobile chips without a guarantee.Maybe buy coins?

To OP,Exactly this advice.

If you want to be prepared follow this advice and buy cheap GPU-s now,now we are still in a crypto winter market and despite some sort of recovery the price of GPU-s are still low compared to the bull run which they were extremely high.Another limiting factor is the energy price but most cards are efficient and can make you a decent daily amount of crypto for a normal rig with 6 GPU-s and you will be with not a lot of loss (which people fighting for the long run should absorb as there is no other way around this) and hope for the best in the next bull run,that is the best strategy to prepare,you are not late even if you start now.

It has to turn around this is big industry now.

There are still a lot of video cards in mining and only old video cards of the 1000 and 2000 series of Nvidia and AMD analogs have fallen in price. Many miners do not sell cheap 3000 series, because it is still relevant in the mining of new coins. New coins will appear, and there will probably not be stable ones like Ethereum this year.

Yes, the halving is too far away and the prices then will not be cheap for sure.

Like every time yes, but keep in mind bullmarket and cheap gpus - not really. Why waiting for the BTC halving? If you want to mine for long time, buy now.

Will things turn around for Gpu miners in the next bull market? I don't want to wait till we are in a bull market before I buy cheap graphic cards, I am planning to buy once BTC halving is successful,  but do you think that a new life will be breath into graphic cards profits again.