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Topic: GPU mining will die in 2018! (Read 16894 times)

legendary
Activity: 2212
Merit: 1038
October 19, 2018, 02:21:25 AM
Quote from: NPC Scanner 9000
NPC detected!

How am I trolling? There's still profitable coins to mine even though the margins are slim and, my suggestion that market forces play the dominant role in mining profitability is hard to argue against. Any arguments regarding asics are moot this point as asic mining is just as hurt as gpu' and not part of any argument I'm making.
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
October 19, 2018, 01:41:10 AM
There's still a weak pulse, if we see BTC returning to ATH territory things will pick up; market forces are the determining factor here IMO.

In that regard yes but even if btc rises to 15k, there is that problem about how much the hashrate will increase with it. I do believe btc will hit 15k and eth as is the altcoin king will rise to 1200 usd around march 2019, as the prices rise and so the hashrate, my point here is that the mining revenue should be kept as $1 - $2 per gpu after electricity costs because if a gpu earns more than $4 per gpu then we will have problems again about gpu mining profitability. You trolls need to understand that asics are created/developed only when a gpu is earning more than $4 per day, if a gpu earns per day less than $2 then asics creators would never bother about it.
legendary
Activity: 2212
Merit: 1038
October 19, 2018, 01:02:42 AM
There's still a weak pulse, if we see BTC returning to ATH territory things will pick up; market forces are the determining factor here IMO.
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
October 18, 2018, 11:05:20 PM
As of right now, gpu mining is dead. The question now is, when will it resurrect?, in 2014 gpu mining died too and it was resurrected in 2015, August. If a deja vu happens then we will see gpu mining to be profitable again in 2019, I myself think around March to around $1 per gpu after electricity costs if $0.15 per kwh.
copper member
Activity: 21
Merit: 0
September 29, 2018, 02:11:14 AM
noway, too hard to die in 2018 . but in next year maybe it's true
jr. member
Activity: 31
Merit: 1
September 28, 2018, 09:21:53 PM
GPU mining certainly isn't dead, but the phenomenon of people rushing into mining with GPU rigs has seemingly halted.  There are many coins that argue to allow for GPU mining, so it isn't going to die any time soon - and NVidia probably isn't happy to see the GPU mining losing favor.  I believe there will almost certainly be another wave of popularity for GPU mining, but I'm not sure it can possibly match what 2017 brought.
newbie
Activity: 81
Merit: 0
September 28, 2018, 07:57:44 PM
Read the messages, I wanted to start mining coins, I'm new to this business, it turns out the video card is not worth buying anymore?
jr. member
Activity: 186
Merit: 4
September 28, 2018, 02:14:10 PM
Is anyone buying up now those VEGAs on the cheap from amazon Cheesy? Just got 6 Nitro+56s for under 3k dollars wow Cheesy Getting ready for the bull run and lots of ETH.

What memory do they have?


Also, are we dead yet?
member
Activity: 443
Merit: 13
September 28, 2018, 01:33:25 PM
Is anyone buying up now those VEGAs on the cheap from amazon Cheesy? Just got 6 Nitro+56s for under 3k dollars wow Cheesy Getting ready for the bull run and lots of ETH.
member
Activity: 363
Merit: 16
September 28, 2018, 09:25:10 AM
here in germany i pay much for electricity...but i switch from one shitcoin to another and make some profit every day

i also could buy the coin...but with switching to most profit coin i get more than only buy the coin - the cards are paid and my vega´s and 1080ti´s will not lost so many of it´s value that i cant wait until bull comes again
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
September 28, 2018, 09:09:31 AM
I doubt GPU mining will die anytime soon.

GPU mining is already dead for 95% of people around the world, from the remaining 5% that can gpu mine right now or are mining right now, the 1% from those have extremely cheap electricity and very low government import tax and those people are the ones that will survive the red line that we are going through right now, 2% of those people are barely paying the bills and the remaining 2% of those 5% are mining at loss. If this does not mean gpu mining is at worst since its inception in 2009 then I really have no idea what can be worse than this for majority of people.

Maybe for you gpu mining dying means all cryptocoins dying too, cause pow requires at least few gpus asics working to make a transaction which means for you if you think like that then gpu mining will never die unless all coins die too.

You need to understand that even if bitcoin crashes to $1, there will still be people with an asic or gpu letting bitcoin transactions working. So using this concept then no cryptocoins will ever die.

So to sum it up when I created this thread I meant to say gpu mining profitability will die to most people around the world with the arrival  of asics and fpgas and as it stands is what we are seeing right now, so this thread came to be truthful to its word.
newbie
Activity: 1
Merit: 0
September 28, 2018, 09:05:07 AM
Equihash is very hard to build asics for due to the increase in memory requirements

but i dont think gpu mining will die, there are so many algorithms out there  , there should always be something to mine even when Eth ends
full member
Activity: 1120
Merit: 131
September 28, 2018, 09:00:59 AM
Next MONERO fork is going to clash ASICs and FPGAs big time (and most of cryptonote coins will follow), progPOW is working and may be adopted by other coins, rumored refresh of Radeon RX would give +15% in perf, next year AMD NAVI...I doubt GPU mining will die anytime soon.
hero member
Activity: 1034
Merit: 500
September 27, 2018, 04:49:55 PM

Not sure why people keep saying GPU will die, CPU also, there will allways new coins/ algos to use them, even if it's for s***t coins

One could also say, POW will die somewhere in the future
hero member
Activity: 3010
Merit: 794
September 27, 2018, 03:15:56 PM
Little by little we will reach that point, gentleman, everything is in a decay so big that it is impressive for us, and at the same time it is bad for many people who invested so much in a expensive GPU.

Well, GPUs can also be used for many other things such as rendering, gaming, AI, scientific calculations etc. It is not that bad. What can you do with old ASICs which became unprofitable?
When you can still able to sold out your old graphics card even though on bargain price then its still good and if not then you can use it up into some various task  but when you do talk about asics that became unprofitable then you wont really have any choice either to keep it on your storage or sell it to those people who do like to mine as a hobby not minding on the electricity they are consuming.

Thank you Metroid to alert about this, GPU mining is dead


Be thankful to this guy "Pentacost" on bumping out this old thread. Grin
legendary
Activity: 2366
Merit: 1408
September 27, 2018, 02:44:41 PM
Thank you Metroid to alert about this, GPU mining is dead

jr. member
Activity: 47
Merit: 1
September 27, 2018, 12:09:55 PM
Little by little we will reach that point, gentleman, everything is in a decay so big that it is impressive for us, and at the same time it is bad for many people who invested so much in a expensive GPU.

Well, GPUs can also be used for many other things such as rendering, gaming, AI, scientific calculations etc. It is not that bad. What can you do with old ASICs which became unprofitable?
full member
Activity: 406
Merit: 110
September 27, 2018, 11:01:37 AM
Little by little we will reach that point, gentleman, everything is in a decay so big that it is impressive for us, and at the same time it is bad for many people who invested so much in a expensive GPU.

Yeah sadly this is slowly being a reality. The good thing is, you invested in actual phyiscal hardware and actually sell this (granted, at a loss) to still get some value out of it. Just imagine if you had invested in coins directly during 2017's all time high. You'd have blue balls by now trying to hold.

Look at the bright side! Mining was fun!
newbie
Activity: 65
Merit: 0
September 27, 2018, 10:29:44 AM
Little by little we will reach that point, gentleman, everything is in a decay so big that it is impressive for us, and at the same time it is bad for many people who invested so much in a expensive GPU.
full member
Activity: 846
Merit: 115
September 27, 2018, 10:23:59 AM
GPU mining just needs good self-modifying hashing algo to prevent ASICs and some top coins to adopt it. GPU miners have proven to provide nice distribution and resistance to botnet mining abuse.

This probably won't be the case.

Take Bitcoin or Litecoin for example, they have only ASICs running the networks and it's been fine for the last few years.

The centralization issue only occurs if there is one ASIC manufacturer who refuses to distribute their miners and mines with most of the hashrate like everyone assumed Bitmain did back in 2017 with the whole Segwit mess.

However if there are many manufactures of ASICs and they are properly priced where many end retail users buy them for home use around the world then there is no centralization issue anymore.

Hence the reason why BTC or LTC didn't change their algo in the past as ASICs came in.
again u make no sense, why do you keep posting this nonsense, ltc and btc is all centralized asic mining

unless you have near free power its unprofitable to mine which puts it out of reach for home or small even midsize miners.

The networks are OWNED by bitmain and other colluding asic miners who not only sell the shovels but own the biggest mines, theres no central group in either algo to challenge them like they should by changing algo like xmr did so how could a switch be accomplished lolol?!

what the fuck do u mean an algo switch was not made because its fine?! lol the foxes are in the hen house why would they leavr now?!.

just stop posting man u must think we are blind deaf and dumb stop it

BTC has many different ASIC manufacturers from various parts of the world. You got multiple manufactures in China like Canaan and Bitmain and you got some in Japan and you got Bitfury in USA.

I agree with you some of the other algos like maybe Dash or ZEC are more centralized due to the ASICs but with the millions of ASICs already out there for BTC, they are scattered throughout the entire planet and have a good decentralised hashrate from one another.

The problem is... if BTC keeps dropping then people in certain parts of the world will be forced to turn off their ASICs and then it might be more centralized in one area than another.



All those antminers get funneled into 5 top mining pools. They have all the centralized power. They have voting power over your asics not you and your antminer. And you can't solo mine unless you got a very very large farm and if you do you just centralized the network

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