GPU Mining - We will never die! - page 2.

lunobird

full member

Activity: 846

Merit: 115

Quote from: hanskan on October 04, 2017, 02:50:50 AM

Quote from: lunobird on October 03, 2017, 06:46:35 PM

Before electric cost I'm getting $2.33 per 1080 gtx ti per day, After electric cost probably just $1.50 a day at $ 0.15 cent watt rate. That's pretty pathetic return compared to what the asics are getting now, At least $15-$30 per day.

I'm not giving up but at the same time it's much better to just buy the coins at current stage of mining and price levels. Or focus on something else. Currently gpu mining is not lucrative like it used to be and you have to rely on future appreciation or a pump to get your money's worth out of it. Not a good position to be in currently.

Just sayin, might be worth looking into masternode coins/staking/buying coins instead of over investing all your money in just gpu

100% a year is a bad roi ? you are being greedy mate. And remember, you can sell your 1080ti for 50% of purchase price so easily. If it's still reasonably new and you have all the receipts you are probably gonna get bit more. ASIC goes to bin once you done with it.

1 year roi is just for the cards only. Once you add in the cost of everything else to build the machine its much longer than a year and by that time it's time to upgrade to more efficient cards. Plus exhaust vent fan, air filter, electrical setup and your time and maintenance. I'm not greedy and if I've invested 10k in a GPU rig, I cant even buy a cup of coffee as that will kill my ROI.

Go look on the D3 antminer and litecoin miner threads. They are all crying that they can't roi in 6 weeks and they are not satisfied with $30 to $60 day per asic. Thats greddy

hyet24

full member

Activity: 166

Merit: 100

You don't just mine. Try to promote it on the side because more users = maintain profit. I'm still looking a coin that would work not just bitcoin. My friend knows a few underground communities that could use crypto currency and may gain popularity outside of those communities.

Look at Bitcoin fees and I'm a bit afraid to transfer money with lower fees. Sometimes it took a week to get the money. Certain altcoins can compete.

milagm

newbie

Activity: 41

Merit: 0

In longer term I just do not believe the GPU has the future in main stream. I am not saying GPU mining will totally disappear but in larger scale it will.

The simple reason for this is they are way too expensive to build (GPU rigs).

There will be a significant drop in ASICs pricing in future which will make it more and more profitable to use them for mining. Currently the situation in ASICs is absurd one manufacturer rules the field BUT fortunately this is not going to be the situation very long. Currently there is lot of happening behind the curtains and we will see how it goes when others specially big houses will come out with their own solutions.

When supply will increase the prices will decrease.

When the industry will solve the current scaling issues which mainly are preventing the large scale adoption the need of mining activities will skyrocket changing the demand so high that home computer GPU mining fades away. It just cannot meet the demand (costs and availability).

Also do not forget the future ASIC models are inside a very different what they are today. How much and how they will change will see when we see how POW, POS etc. things will develop.

hanskan

full member

Activity: 336

Merit: 100

Quote from: lunobird on October 03, 2017, 06:46:35 PM

Before electric cost I'm getting $2.33 per 1080 gtx ti per day, After electric cost probably just $1.50 a day at $ 0.15 cent watt rate. That's pretty pathetic return compared to what the asics are getting now, At least $15-$30 per day.

I'm not giving up but at the same time it's much better to just buy the coins at current stage of mining and price levels. Or focus on something else. Currently gpu mining is not lucrative like it used to be and you have to rely on future appreciation or a pump to get your money's worth out of it. Not a good position to be in currently.

Just sayin, might be worth looking into masternode coins/staking/buying coins instead of over investing all your money in just gpu

100% a year is a bad roi ? you are being greedy mate. And remember, you can sell your 1080ti for 50% of purchase price so easily. If it's still reasonably new and you have all the receipts you are probably gonna get bit more. ASIC goes to bin once you done with it.

alexrossi

legendary

Activity: 3766

Merit: 1742

Join the world-leading crypto sportsbook NOW!

I strongly believe that GPU mining is the only choice for small to medium business. ASICs are only profitable for who produces them and for the marketers hired by the producers (aka "I received my miner on time and my ROI is going so well")

GPU were not made as money making machines and this has empowered them in the long run.

szafa

hero member

Activity: 812

Merit: 500

Some coins cant be mining in ascic and gpu dont die.

Marvell2

full member

Activity: 1148

Merit: 132

Quote from: KaydenC on October 04, 2017, 12:03:21 AM

Don't forget even a 2 year ROI is amazing in the world of investment. People on wall street lose their minds over on that sweet 5% , uncorrelated with market annual returns.

If GPU mining maintains a "terrible" 2 year ROI for another 10 years, we'll still be rich

^
This , the days are 2 month ROI are over but im quite comfotable with a 6 month to 1 year ROI or longer on my gear as long at electricity is under control

whats dead can NEVER die !!

KaydenC

sr. member

Activity: 610

Merit: 265

Don't forget even a 2 year ROI is amazing in the world of investment. People on wall street lose their minds over on that sweet 5% , uncorrelated with market annual returns.

If GPU mining maintains a "terrible" 2 year ROI for another 10 years, we'll still be rich

hairysun

newbie

Activity: 15

Merit: 1

"Bitcoin Gold" is coming to save all the GPU miners.
/rolls eyes
BTC hard fork on 10/25 that will give BTC owners equal amounts of BG (Like Bitcoin Cash did). Supposed to give control back to the GPU miners as it will be Equihash alg. Don't know how they are handling difficulty. Coming out of China ..... could just be another shitcoin. Who knows ........

However, with a name like "Bitcoin Gold" it has to be successful ......right?

Agozyen

sr. member

Activity: 672

Merit: 252

Until the end

I think GPU mining is here for the long haul. With as many coins as there are and new people coming into crypto every day it can't help but stay alive. I've been mining Eth for a while now and will probably switch over to other coins in the near future.

jmigdlc99

sr. member

Activity: 784

Merit: 282

I also do believe that GPU mining will be here for a few more years. Enough time to ROI and profit from existing rigs.

Although as mentioned, the rates are not lucrative enough for some, they are still enough to be profitable. When it comes to GPU mining it is important to be looking to the future, aside from the potential for your mined coin's value to soar, new coins are being developed everyday that can be mined by GPUs.

Take for example the RNDR token (http://rendertoken.com). Built by Jules Urbach a very credible figure in the gaming world responsible for 3D web games, the RNDR token allows GPUs to be used for rendering everything you can imagine for whatever need be it AI, CGI, data analytics, whatever. Theres a lot of development in the crypto world to look forward to and GPU mining will always be useful somehow.

bathrobehero

legendary

Activity: 2002

Merit: 1051

ICO? Not even once.

GPU mining doesn't have to be super profitable and it'll still be here for years. And maybe not everyone and their grandmonthers will mine (as it is/was the case this year), but plenty of people will.

ASICs are different, they're strictly just rigid investments and no ASIC owner just want to support coins while some GPU miners do.

Ideally, there shouldn't be big GPU mining farms, but everyone supporting the network mining with their computers here and there.

Sure, that's not how it works but at least most people with a computer have a dedicated GPU that can be used for mining while not many people own ASICs - and unlike GPUs, ASICs have no other use.

lunobird

full member

Activity: 846

Merit: 115

Before electric cost I'm getting $2.33 per 1080 gtx ti per day, After electric cost probably just $1.50 a day at $ 0.15 cent watt rate. That's pretty pathetic return compared to what the asics are getting now, At least $15-$30 per day.

I'm not giving up but at the same time it's much better to just buy the coins at current stage of mining and price levels. Or focus on something else. Currently gpu mining is not lucrative like it used to be and you have to rely on future appreciation or a pump to get your money's worth out of it. Not a good position to be in currently.

Just sayin, might be worth looking into masternode coins/staking/buying coins instead of over investing all your money in just gpu

yugyug

sr. member

Activity: 616

Merit: 256

During the concept of bitcoin, this is where the GPU mining started and it is almost 8 years since 2009, many ASIC miners come and go but GPU miners stands still as long there are still more altcoins and more algos coming each day GPU mining has a great role in cryptocurrency world because it is used a benchmark for mining profitability and it si also a benchmark for ASIC miners, ASIC miner won't exist without the basis of GPU mining. As long the blockchain reward embraces for Proof-Of-Work methodology, GPU mining is still there. The advantage of GPU mining over ASIC mining is that it has more resale value and serve other purpose for GPU intensive workhorse like gaming, video editing, CAD and other brute force cracking tasks. GPU mining is future proof.

sohard4me

member

Activity: 125

Merit: 10

Well, with current mining rate going down so fast, I'm gonna throw in the towel soon

hanskan

full member

Activity: 336

Merit: 100

Quote from: Tadzka on October 03, 2017, 04:16:33 PM

I strongly believe, that cryptomining community is the backbone of CRYPTOCURRENCY, and it's the future.
It is necessary and don't be afraid of building rigs, no matter what others say, I'm with you guys.

P.S: I had a few bears

Never say never Cheesy

But it's not going anywhere in near future if you have dirtcheap electricity price

nsummy

full member

Activity: 1179

Merit: 131

Quote from: Tadzka on October 03, 2017, 04:16:33 PM

P.S: I had a few bears

haha the end made this even better!

Tadzka

member

Activity: 70

Merit: 10

I strongly believe, that cryptomining community is the backbone of CRYPTOCURRENCY, and it's the future.
It is necessary and don't be afraid of building rigs, no matter what others say, I'm with you guys.

P.S: I had a few bears

Topic: GPU Mining - We will never die! - page 2. (Read 1805 times)