I think ASIC is the main enemy of GPU miner, ASIC Killing GPU Mining, plus, It's will kill Cryptocurrency Coin ... Because of the Centralisation ...
So easy to buy ASIC, and put it in a container, just branch, put the server, your wallet, and go ....
Even non technician guys can make it...
ASIC = BitMain = Bad guys.
We must fight ASIC, because this is killing the WHOLE cryptomarket... Simple as 123...
If you can't make money mining. then only big money people can make money, then the public will stop mining, and will stop enter cryptocurrency world.
Lot of people know the cryptocurrency by the mining.
Cryptocurrency being centralized by ASIC. Where banks just have to spend millions to control some lesser coin, then the fact is if Bitmain created a backdoor in each of these ASIC, they may be control the whole world market, just in taking 10 minutes of each ASIC Miner, to gain a 51% currency control, and modify the blockchain as they want, to make millions maybe billards of $ every days...
Guys this is a VERY big secutity issue. Game have to change. Asic have to quit the cryptocurrency market, for the security of coins...
Topic: GPU mining coming to an end? (Read 1331 times)
who knows, maybe new algorithm will born...
Gpu mining won't end now or very soon ,many coins still selects GPU mining over asics and they make the coons asics resistance
It is no secret that Gpu mining is almost coming to an end and the first people to feel this are home miners or small scale miners. For this there is a solution however, and is fighting the ASICS back.
I really like what the Monero developers did once they saw how many ASICS entered the market claiming 220 kh or more with very low electricity consumption, the developers of Monero immediately changed their algorithm to Cryptonight V7 in order to fight back against ASICS as they don't like centralisation so they are the example to be followed by other coin developers who still believe in decentralisation.
I really like what the Monero developers did once they saw how many ASICS entered the market claiming 220 kh or more with very low electricity consumption, the developers of Monero immediately changed their algorithm to Cryptonight V7 in order to fight back against ASICS as they don't like centralisation so they are the example to be followed by other coin developers who still believe in decentralisation.
Soon we can connect our GPUs to SONM and have better earning than only mining.
It's supposed to be more profitable than pure crypto mining because they can offer real world computation tasks which are higher paid!
They include a marketplace for rendering and other heavy duty calculation for GPUs. Supposedly your machine will automatically receive the most profitable task available at any given point of time. While there are no special tasks available, the system switches automatically back to crypto mining
Very excited to test it out.
It's supposed to be more profitable than pure crypto mining because they can offer real world computation tasks which are higher paid!
They include a marketplace for rendering and other heavy duty calculation for GPUs. Supposedly your machine will automatically receive the most profitable task available at any given point of time. While there are no special tasks available, the system switches automatically back to crypto mining
Very excited to test it out.
ETH is not the only coin around, why assuming this ?
The next coin will be so pumped, like ETH was.
Just need to wait and see which is that coin.
The next coin will be so pumped, like ETH was.
Just need to wait and see which is that coin.
Its not the only coin around but its the highest paid miner revenue coin out at the time.
Basically you can take 50 shitcoins to mine and the combined miner revenue won't even equal ETH mining revenue.
Go to https://bitinfocharts.com/ethereum/
Look at the Reward (last 24h) and its currently over $10,000,000 per day.
Look at another coin like Bitcoin Gold
https://bitinfocharts.com/bitcoin%20gold/
Its miner reward is only like $60K.
When ETH goes POS or Hybrid POS or reduce the block reward to 0.6 ETH, then you can safety save that GPU mining is 100% dead.
I think that there will always be coins that can be mined with the help of GPU. Maybe your coins are protected from asics will created by the manufacturers of the GPU in order not to lose the market. Now I do not see any profitability from mining using asics. The complexity of the network is growing faster than you can get your money back.
Do you have any data to confirm this trend?
It will be interesting to see how more coins handle ASICs,
but I think there will always be usage and profit for GPUs,
there are a lot of cryptocurrencies and a lot of experimentation,
and GPUs can switch algorithms anytime
Forks arent necessarily a bad thing, new experiments get to happen
It will be interesting to see how more coins handle ASICs,
but I think there will always be usage and profit for GPUs,
there are a lot of cryptocurrencies and a lot of experimentation,
and GPUs can switch algorithms anytime
Forks arent necessarily a bad thing, new experiments get to happen
Well, it can be seen that if not completely the end, then everyone is sadder and sadder, the asics completely squeezed out the cards from the market (
I am new in mining which GPU Miner would be the best for mining...
And Plz also tell which coin will be beneficial in Mining
And Plz also tell which coin will be beneficial in Mining
You can check here: https://www.coincalculators.io/
I am new in mining which GPU Miner would be the best for mining...
And Plz also tell which coin will be beneficial in Mining
And Plz also tell which coin will be beneficial in Mining
Now given that most of the mining revenue is from ETH alone, if this goes to POS and the block reward is reduced again to like 0.6ETH, then we got a problem and most likely then GPU mining will come to an end.
eth devs want to only pay pos holders and will be like you said very low 0.6 eth per block and probably as eth price rises, eth pos will be lower and lower, eth will end up paying 0.1 eth per block in future and that is it, soon will be an eth rush, expect 600% eth price rise in days.
As eth goes pos, will be a sign that gpu mining might be on a long break.
ETH is not the only coin around, why assuming this ?
The next coin will be so pumped, like ETH was.
Just need to wait and see which is that coin.
The next coin will be so pumped, like ETH was.
Just need to wait and see which is that coin.
There was a ETH dev meeting and apparently they are combining sharding and casper with the next hard fork update.
From what I understood there was no timeline given but given that Casper is already live on the testnet, it shouldn't be too far off.
Now given that most of the mining revenue is from ETH alone, if this goes to POS and the block reward is reduced again to like 0.6ETH, then we got a problem and most likely then GPU mining will come to an end.
From what I understood there was no timeline given but given that Casper is already live on the testnet, it shouldn't be too far off.
Now given that most of the mining revenue is from ETH alone, if this goes to POS and the block reward is reduced again to like 0.6ETH, then we got a problem and most likely then GPU mining will come to an end.
I think not will die mining with gpu, because to day a lot of coins's algorithm will resist asic mining. And also to day and more days the demand for gpu and gpu's miner increases. That's where I will stay in gpu.
still mining using my GPUS! (still profitable) Just pay your bill, mine and HOLD!
As of this time that the crypto market is on bearish trend and again we might say that GPU mining is dead for the profitability is not worth anymore this FUD thing always come when we see bloodbath in the market but to tell GPU mining is more flexible and profitable than paper weight ASIC. So let's wait again for the next profitability level.
I agree. The patience is key here.
As of this time that the crypto market is on bearish trend and again we might say that GPU mining is dead for the profitability is not worth anymore this FUD thing always come when we see bloodbath in the market but to tell GPU mining is more flexible and profitable than paper weight ASIC. So let's wait again for the next profitability level.
It was a fun ride while it lasted but it looks like the glorious days of GPU mining will be coming to an end. With asics flooding every market, forks that are nothing but a publicity stunt, little guys trying to compete with huge farms with dirt cheap electricity. Many projects moving to proof of stake and masternodes instead of the proof of work.
ASICs become obsolete after a period of time.GPUs can be always sold for the same, or even higher price than you paid, while ASICs can be thrown to the garbage.
PoS/MNs change much, because they can't compete with PoW.
ROI is much faster with hashing.
the only problem ia that the prices of minable coins and tokens is very low and with the ever rising difficulty and high electricity
yes, it's a problem that makes GPU miners rocking, some are selling GPUs and some miners turn off their GPUs but also some miners still mining because of electricity cost still friendly. Jump to: