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Topic: (GPU Mining) First Bitcoin... Then Ethereum... What next? - page 2. (Read 2875 times)

sr. member
Activity: 306
Merit: 250
Its never pointless to lucky ones with free electricity.
hero member
Activity: 835
Merit: 1000
There is NO Freedom without Privacy
The next big thing to mine is Shitcoin




After Ether everything will be unprofitable and GPU's will be selling dirt cheap. Until enough rigs are sold and turned off GPU mining will be much like after litecoins bust, pointless.
sr. member
Activity: 354
Merit: 250
dude everybody got you backward dash and ltc ? come on their gpu days are all over  Roll Eyes... there's simply no way to tell but the next gpu coin will always come around.

btc..ltc..vtc..drk/dash..and eth now..

vtc is always a gpu coin as the coin devs determined to keep it that way.



From the middle of 2014 to middle of 2013, there was not many profitable coins to mine. That is a whole year.
hero member
Activity: 1008
Merit: 1000
Ether is holding the entire gpu mining scene up.

Once it gets too hard we can hope that another coin will become very wealthy but so far nothing can match the profit of ether.  There is no clear option at this point though so just enjoy it while it lasts
member
Activity: 68
Merit: 10
OK, so the difficulty has been pumping off in Ethereum mining, just like it happened in Bitcoin when people used to mine it with GPU (I don't think so that people still mine Bitcoin much with GPU).

https://etherscan.io/charts/difficulty

So my question is, within the current conditions, what cryptocurrency do you guys think the GPU miners will move to after Ethereum becomes a loss to mine? Vertcoin? Is someone already mining it with GPU? If so, any profit being generated?

Ha, ha - that is the $64MM question everyone and their brother would like to know...
newbie
Activity: 35
Merit: 0
dude everybody got you backward dash and ltc ? come on their gpu days are all over  Roll Eyes... there's simply no way to tell but the next gpu coin will always come around.

btc..ltc..vtc..drk/dash..and eth now..

vtc is always a gpu coin as the coin devs determined to keep it that way.

legendary
Activity: 2002
Merit: 1051
ICO? Not even once.
are other ethereum clone affected by this shitty diff  scheme? i hope not

I don't think so. Its sole purpose as far as I understand is to act as a transition from PoW to PoS. I'm not sure why they didn't decrese the blockreward instead.

So no replacement of Ethereum once it becomes extremely hard on GPU mining? What about Dash?

I'm planning to purchase GPU of $200-$300 and then buy more time-to-time. But it'd be pretty bad to see once ether mining becomes useless. GPU miners will have to explore some sort of replacement.

Dash is x11 and there are x11 ASICs which means it's a bad choice for GPU mining.
legendary
Activity: 1834
Merit: 1520
There's a difficulty bomb in place for Ethereum which means the difficulty keep increasing regardless of miners:

Difficulty adjustment scheme

A lot of you have been wondering how we would implement a switch from PoW to PoS in time for Serenity. This will be handled by the newly introduced difficulty adjustment scheme, which elegantly guarantees a hard-fork point in the next 16 months.

It works as follow: starting from block 200,000 the difficulty will undergo an exponential increase which will only become noticeable in about a year. At that point (just around the release of the Serenity milestone), we’ll see a significant increase in difficulty which will start pushing the block resolution time upwards.

So, a year on, the network will continue to be useful for roughly 3-4 months, but eventually will reach an ‘Ice Age’ of sorts: the difficulty will simply be too high for anyone to find a block. This will allow us to introduce PoS, perhaps via Casper, if it proves itself.

Nobody GPU mines Litecoin anymore. It's ASIC territory, just like Bitcoin.

So no replacement of Ethereum once it becomes extremely hard on GPU mining? What about Dash?

I'm planning to purchase GPU of $200-$300 and then buy more time-to-time. But it'd be pretty bad to see once ether mining becomes useless. GPU miners will have to explore some sort of replacement.
legendary
Activity: 3248
Merit: 1070
are other ethereum clone affected by this shitty diff  scheme? i hope not
legendary
Activity: 2002
Merit: 1051
ICO? Not even once.
There's a difficulty bomb in place for Ethereum which means the difficulty keep increasing regardless of miners:

Difficulty adjustment scheme

A lot of you have been wondering how we would implement a switch from PoW to PoS in time for Serenity. This will be handled by the newly introduced difficulty adjustment scheme, which elegantly guarantees a hard-fork point in the next 16 months.

It works as follow: starting from block 200,000 the difficulty will undergo an exponential increase which will only become noticeable in about a year. At that point (just around the release of the Serenity milestone), we’ll see a significant increase in difficulty which will start pushing the block resolution time upwards.

So, a year on, the network will continue to be useful for roughly 3-4 months, but eventually will reach an ‘Ice Age’ of sorts: the difficulty will simply be too high for anyone to find a block. This will allow us to introduce PoS, perhaps via Casper, if it proves itself.

Nobody GPU mines Litecoin anymore. It's ASIC territory, just like Bitcoin.
legendary
Activity: 1834
Merit: 1520
OK, so the difficulty has been pumping off in Ethereum mining, just like it happened in Bitcoin when people used to mine it with GPU (I don't think so that people still mine Bitcoin much with GPU).

https://etherscan.io/charts/difficulty

So my question is, within the current conditions, what cryptocurrency do you guys think the GPU miners will move to after Ethereum becomes a loss to mine? Vertcoin? Is someone already mining it with GPU? If so, any profit being generated?
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