Topic: GPU mining will die in 2018! - page 10. (Read 16858 times)

Did you make it official? I'll wait for the letter then!

Also please do let me know when you out your GPU's on gumtree. I don't mind snatching them up since they make no money, it's official!

thats a good news in a certain way

GPU miner supporter here

More new coins with low difficulty will be announced. Gpus are less risky investment then asics

You only turned off one gpu?  Lol ... Why would you only turn one gpu off and keep the rest on?

Turned off one of GPU's today.

UK is officially over for GPU mining unless the prices pick up by 3 fold.

All of this not even mentioning the fact that there is still other hardware better than GPUs. I'm currently mining algos at 10x-60x h/w and 1x-10x h/$ increases over gpus. I also know with 100% certainty I'm not the only one doing it.

Dont really think that it will die but cool off for sure,at current prices only large scale miners that have cheap electricity can mine with some kind of profit now.Most of miners already roid on their gear last year so probably have some amount $ that can make them float in this period but if not at least gamers can finally buy some gpus

The problems with ASICS are basically four

1º the use of specialized hardware such as ASICS to complete maths operations, and much more efficient, gives ASICS and advantage over GPU mining. That's a FACT that cannot be discussed.

2º Since you can get more money with less costs, it's possible to get profit quicker. Moreover, if you have a big farm, you can sell your coin directly to a big whale, and that coin will not go "into the system". Or said in other words. IF people buy coins from ASIC miners at lower cost than in the market, the market will say: there is NO DEMAND. So, the price will go down. We cannot control who sells the coins but we can try to harm ASICS users so that they don't artificially destroy the market.

3º If we had coins with unlimited amount of coins to mine, ASIC would still be a problem, but not as hard as today. almost all coins outthere have a max number of coins determined. the more power provided by ASICS , the less money you´ll get because you will be able to mine less coins-

4º ASIC makes the cryptomarket centralized. a small amount of people can have the power to hash almost all coins , disturbing the market and also controlling the price. That IS NOT TO BE ALLOWED BY ANY MEANS.

The problem with forks, is that normally, to make ASICS stay away from a coin, they also fork gpu miners, so we get less profit normally. the reduction of hashrate is good, but if you manipulate the price by using ASICS to create large amounts of coins, or to stop providing them to the market, you can obviously centralize the market , and that is something we don't want to have.

Bitmain has ASICS for almost all coins. And i think we should force devs to fork every little months.

Jared you should check out the speedcore by achronix, an eFPGA. Expensive, but exciting in it's potential.

then again there's people like me working on a FPGA design with my father for off the shelf FPGA's and for it to be open source....   My father has worked with FPGA's before, so I need to give him flowcharts of different algroythms for us to start development.  

I plan one FPGA module per 'simple' algo, or some that work with others, if it is able. Others configured with another asic for parallel operation and enhanced speed.... such as rolling-algo type algos, the unit would need multiple FPGA's that all work in unison.

I was thinking modular devices that would be chained on a controller that initializes each asic when powered on or reconfigured via a usb or network interface.    This way you could build a FPGA miner for any algo by just adding the ones necessary and configuring them properly...  Possibly Pi controlled because it has enough serial and I/O, as well as all the extra bits like Ethernet capability, memory, etc.  I know memory in the controller isn't as fast as the ASIC having its own RAM, but... it may be effective for power consumption nonetheless.

I know its far fetched;  but its a real goal.  When I have something on paper, and some tests on dev-boards done...   Ill touch more on it.


But this was my intention.... for creating a hardware device...   to help counter what the monsters are doing.

Unfortunately, no one selling ASICS will break the highly profitable business model due to pure greed and market dominance.

Thanks for playing.  You are the weakest link.  GOODBYE! 

I like your new way of thinking, but I feel like I'm becoming the Metroid of Jan and Feb ... Lol.  My fingers are crossed too.  I don't know how much dev time has to be devoted to a fork, but some would rather commit that time to enhancing their project rather than forking to become asic resistant.  Not sure about zec, but eth with their plans to move to pos (if it really happens in the near future), why would they even be motivated to become asic resistant?  They will be asic resistant at 100% pos. 

as of today. there is one big company that control crypto - and some few small ones asics. and we gpu miners are the guardians of the balance.

Lyra2rev2 algo does just fine for Kreds asic resistance cryptonite7,8,9,10 is far easier to fpga or asic.

It takes one "Army General" to create a revolution and with xmr that might be the beginning of one. Fingers crossed...

The key is;  if the asic could be made cheap and available, then that is a potential valid counter to centralization by asics.

Food for thought.

revolution always starts with few. the others will have no choice but to follow. some self proclaimed crypto gurus, (some of them are even clueless, why are they rich and how fast it happens) remember they still speak at conferences etc., from now on i will whistle when they speak. and my first question will be be why dont you counter asic when you know is not decentralized?

Is Monero really even a "hope" though?  Maybe a hope in terms of others following in it's footsteps and fork to become ASIC resistant.  But to say Monero on it's own can take on all of the GPU hash power and still be profitable to the gpu miner, sounds a bit much.  Apparently ETN is on board with a fork, but don't you think it's going to take more than XMR and ETN to really "save" gpu mining?

UMMMM ... Was that a question or a statement? LOL ... Yeah, we all know what a GPU is.