GPU Mining. | Bitcointalksearch.org

Bitsaurus

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Quote from: milan74 on August 06, 2014, 06:44:09 PM

I think it will always be profitable, there are plenty of anti-ASIC coins.

As noted above if any coin becomes profitable with GPUs it is usually destroyed in a few months by massive farms moving in who sell every day, mutlicoin pools who autodump the coin, and eventually an ASIC invasion if the price remains high enough.

Pretty much all GPU miners have switch to multipools since no coin stays profitable for more than a few days (unless you have free electricity).

ranochigo

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Quote from: milan74 on August 06, 2014, 06:44:09 PM

I think it will always be profitable, there are plenty of anti-ASIC coins.

Wrong concept. Even though those coins are ASIC proof, why can't people use their GPUs from mining BTC a few years ago to mine that alt coin? The difficulty would probably rise. You cannot predict if the price is going to crash. Those people with GPUs from mining Bitcoins year ago profit more than small miners.

milan74

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I think it will always be profitable, there are plenty of anti-ASIC coins.

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Quote from: Domino on July 16, 2014, 07:52:18 AM

Quote from: ScryptAsic on July 14, 2014, 10:01:21 AM

I believe if the algo is ASIC and FPGA proof. Isn't that the best marketing strategy ?

Don't we already have a dozen of ASIC proof algorithms (at least at this moment), like X11, X13, X15, NIST5, etc?
I don't think it makes those coin very successful.

+1.
It is the features of the coin which makes the coin very successful and the names, logo etc.. must be a catchy one.

Kindly,
MZ

Domino

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Quote from: ScryptAsic on July 14, 2014, 10:01:21 AM

I believe if the algo is ASIC and FPGA proof. Isn't that the best marketing strategy ?

Don't we already have a dozen of ASIC proof algorithms (at least at this moment), like X11, X13, X15, NIST5, etc?
I don't think it makes those coin very successful.

Muhammed Zakir

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Quote from: ranochigo on July 16, 2014, 06:40:56 AM

Quote from: Muhammed Zakir on July 16, 2014, 06:27:47 AM

Quote from: ranochigo on July 16, 2014, 06:15:34 AM

Quote from: Skrillex on July 15, 2014, 08:39:03 PM

i think mining for average joes like us is only useful for a very very limited time when a coin launches, after that its pretty much game over.

The coin can be a pump and dump. You must have a huge community for the coin to be stable, you can't tell if it will even hit the exchange within that limited time.

Yes but the exchanges can be made by the persons who made the coin although it will take some time.

Kindly,
MZ

I don't think people would trust the operator much. He can just run away with the coins and the trade volumes won't be very high.

I didn't told that they would trust but I told it is possible.

Kindly,
MZ

ranochigo

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Quote from: Muhammed Zakir on July 16, 2014, 06:27:47 AM

Quote from: ranochigo on July 16, 2014, 06:15:34 AM

Quote from: Skrillex on July 15, 2014, 08:39:03 PM

i think mining for average joes like us is only useful for a very very limited time when a coin launches, after that its pretty much game over.

The coin can be a pump and dump. You must have a huge community for the coin to be stable, you can't tell if it will even hit the exchange within that limited time.

Yes but the exchanges can be made by the persons who made the coin although it will take some time.

Kindly,
MZ

I don't think people would trust the operator much. He can just run away with the coins and the trade volumes won't be very high.

Muhammed Zakir

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I prefer Zakir over Muhammed when mentioning me!

Quote from: ranochigo on July 16, 2014, 06:15:34 AM

Quote from: Skrillex on July 15, 2014, 08:39:03 PM

i think mining for average joes like us is only useful for a very very limited time when a coin launches, after that its pretty much game over.

The coin can be a pump and dump. You must have a huge community for the coin to be stable, you can't tell if it will even hit the exchange within that limited time.

Yes but the exchanges can be made by the persons who made the coin although it will take some time.

Kindly,
MZ

ranochigo

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Quote from: Skrillex on July 15, 2014, 08:39:03 PM

i think mining for average joes like us is only useful for a very very limited time when a coin launches, after that its pretty much game over.

The coin can be a pump and dump. You must have a huge community for the coin to be stable, you can't tell if it will even hit the exchange within that limited time.

Skrillex

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i think mining for average joes like us is only useful for a very very limited time when a coin launches, after that its pretty much game over.

jjc326

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Quote from: ThomasCrowne on July 14, 2014, 02:48:20 PM

Not for mining BTC directly no. Provided you have free or near-free electricity you might be able to squeeze a few dollars per month out of a mini gpu farm but this too is getting harder by the day.

It's funny u was running measly 3 gpu "farm" only a year ago and it's become totally worthless. I had almost free electric but it's not even worth the hassle at this point. You can get more from sig campaigns if you don't have any hardware.

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Not for mining BTC directly no. Provided you have free or near-free electricity you might be able to squeeze a few dollars per month out of a mini gpu farm but this too is getting harder by the day.

dougg

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GPU mining would be recommened for alt coins, not mining directly for bitcoin lol.

All the ASIC war is making everything to go up in difficulty way faster, so no chance.

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Quote from: ScryptAsic on July 14, 2014, 09:47:59 AM

The only way that can save GPU mining is someone create a truly GPU only coin. Its hard but not impossible..

The difficulty would be really high. People who still have GPUs to mine bitcoins a few years ago would switch to this coin, provided that it is highly successful, making the difficulty very high. The coin have to be successful to be able to attract miners.

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Quote from: Lamigo on July 14, 2014, 09:54:20 AM

Quote from: ScryptAsic on July 14, 2014, 09:47:59 AM

The only way that can save GPU mining is someone create a truly GPU only coin. Its hard but not impossible..

That is not the hard part.
The really hard part is to make that coin successive, which requires good developers, good promoting programs, a large user base, good merchant acceptance, etc.

I believe if the algo is ASIC and FPGA proof. Isn't that the best marketing strategy ?

Lamigo

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Quote from: ScryptAsic on July 14, 2014, 09:47:59 AM

The only way that can save GPU mining is someone create a truly GPU only coin. Its hard but not impossible..

That is not the hard part.
The really hard part is to make that coin successive, which requires good developers, good promoting programs, a large user base, good merchant acceptance, etc.

ScryptAsic

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GainerCoin.com 🔥 Masternode coin 🔥

The only way that can save GPU mining is someone create a truly GPU only coin. Its hard but not impossible..

Lamigo

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Quote from: Bitsaurus on July 14, 2014, 05:25:21 AM

Quote from: Harley997 on July 13, 2014, 01:29:47 PM

Quote from: ALToids on July 13, 2014, 03:27:21 AM

Quote from: Coef on July 12, 2014, 01:58:23 AM

Quote from: jjc326 on July 11, 2014, 10:47:41 PM

I think it's just like CPUs. CPUs used to be profitable, now it would be a total joke to try to mine with a CPU. I think gpus are headed that way, if not already there. It could be fun to tinker for a bit with it to get your feet wet with mining though. I did it for a while but then it wasn't worth it.

Pretty much so, unless there will be a hugely successful ASIC-resistant coin.

The problem is if a coin becomes successful somebody will want to develop a specific machine just for it. If BTC stayed at $0.10 there would be no ASICs for it. People wouldn't even bother with GPUs for it. The ASICs follow the money trail.

This is probably true, however people were GPU mining long before BTC was worth even a penny, the may have not been investing thousands of dollars in bitcoin but they were using GPUs to mine.

That is incorrect. Artforz is considered to first person to be secretly mining massive amounts of BTC on his GPUs and at that time BTC was over $0.01. The spike in mining in March 2011 is from the GPU explosion that Satoshi tried to hold back as long as possible.

While Artforz is the first one to mine bitcoin with GPUs secretly (https://en.bitcoin.it/wiki/ArtForz), laszlo (the pizza buyer) released a GPU miner back in May 2010 https://bitcointalksearch.org/topic/m.5149151

Bitsaurus

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Quote from: Harley997 on July 13, 2014, 01:29:47 PM

Quote from: ALToids on July 13, 2014, 03:27:21 AM

Quote from: Coef on July 12, 2014, 01:58:23 AM

Quote from: jjc326 on July 11, 2014, 10:47:41 PM

I think it's just like CPUs. CPUs used to be profitable, now it would be a total joke to try to mine with a CPU. I think gpus are headed that way, if not already there. It could be fun to tinker for a bit with it to get your feet wet with mining though. I did it for a while but then it wasn't worth it.

Pretty much so, unless there will be a hugely successful ASIC-resistant coin.

The problem is if a coin becomes successful somebody will want to develop a specific machine just for it. If BTC stayed at $0.10 there would be no ASICs for it. People wouldn't even bother with GPUs for it. The ASICs follow the money trail.

This is probably true, however people were GPU mining long before BTC was worth even a penny, the may have not been investing thousands of dollars in bitcoin but they were using GPUs to mine.

That is incorrect. Artforz is considered to first person to be secretly mining massive amounts of BTC on his GPUs and at that time BTC was over $0.01. The spike in mining in March 2011 is from the GPU explosion that Satoshi tried to hold back as long as possible.

Harley997

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Quote from: ALToids on July 13, 2014, 03:27:21 AM

Quote from: Coef on July 12, 2014, 01:58:23 AM

Quote from: jjc326 on July 11, 2014, 10:47:41 PM

I think it's just like CPUs. CPUs used to be profitable, now it would be a total joke to try to mine with a CPU. I think gpus are headed that way, if not already there. It could be fun to tinker for a bit with it to get your feet wet with mining though. I did it for a while but then it wasn't worth it.

Pretty much so, unless there will be a hugely successful ASIC-resistant coin.

The problem is if a coin becomes successful somebody will want to develop a specific machine just for it. If BTC stayed at $0.10 there would be no ASICs for it. People wouldn't even bother with GPUs for it. The ASICs follow the money trail.

This is probably true, however people were GPU mining long before BTC was worth even a penny, the may have not been investing thousands of dollars in bitcoin but they were using GPUs to mine.

Topic: GPU Mining. (Read 4331 times)