Topic: GPU mining will die in 2018! - page 25. (Read 16860 times)

If you have any faith in bitcoin, it makes absolutely no sense to think ETH isn't part of the package. If you are willing to compare ETH to Cardano, feel free to compare BTC to pretty much any coin that has no function. The comparisons don't work that way. The crypto sphere needs both coins to continue to grow, and they will in time.

Maybe, but in the last 3 months eth/btc ratio dropped from 0.1 to 0.6. Since yeterday altcoins are rallying, but eth seems a poor performer, even etc is outperforming eth, so the value of eth in comparisson to other altcoins is on a downtrend, not the first time this happens, but at his moment eth seems to be weak and that money is betting on other altcoins

ETH can't even handle cryptokitties. I also used to think that it was going to surpass bitcoin's market cap but right now I am not sure anymore. I think its an overpriced coin and something better (Cardano?) can replace it at anytime. ETH devs don't even comment on the upcoming PoS fork. You know why? They are afraid. ETH owes most of its popularity to GPU miners. When ETH loses its most hardcore shills (which are GPU miners btw) it'll lose its popularity lightning fast.

On the other hand Bitcoin has Lightning Network which is going to pump bitcoin even further this year or the next. When a fool proof app comes out, it will be glourious. (0 fee, 0 second payments)

While Peter Thiel is going long on bitcoin, I think it is stupid to say that it will lose its popularity.
http://bitcoinist.com/peter-thiel-long-bitcoin-neutral-everything-else/

You wrong about that, eth will take the lead in 1 to 3 years, i do not think is time for that yet, but it will be a time where eth will be top cause is a much more complete digitalcoin than anything in the market right now.

Of course, because every alt is based off BTC price. If BTC goes to $0 so does every single coin. Until the system changes that is how it will be.

Consider BTC will be 50k by the end of the year, what you're mining will much more.

I will take advantage of the possible wave of used cards that may be coming in a couple months. It will all depend on how BTC does over the next month.

I trade. So mining is a great way to get money into the system anonymously, and with extra fees. So any earnings from mining will be multiplied.

Lastly, it depends how you mine. I'm giving out too much game here, but for example I will not being mining ZEC when the difficulty is over 10 when nicehash is paying x amount. I have 6 equihash coins in my script with over 100 conditions. Constantly tweaking it. Also something fun to do.

I just think a lot of people are pissed they have no gear and right now buying cards is not realistic. At least starting from scratch is not. But for us that have been doing it, we are not stopping. I am still looking for cards. Being pretty stingy at least until I can get a grasp on what is going to happen in the next 30 days. If BTC stays around 12 or under with several more crashes many will get out. But if it hits 15 (unlikely) people will keep mining and more will get into it. And as someone above mentioned, profit is profit. You can think of it is as I am finding a $20 bill on the ground once a day. Or I wake up with a $20 bill next to me. Though I do consider it more as BTC will rise. Nothing is dying.  

The other thing too and the reason I never got into ASIC is because they only have 1 use. Old ASIC are completely worthless. But even a video card that is worthless for mining today, has *some* value for others. Same goes for ram, PSU, boards, etc.

It's little funny to see how mining is dying as long as BTC is dying 

It is possible for some coins form top 20 that gpu  mining can die in 2018 because of the high diffs. on the other hand everyday there are some new coins born which could do very good.
It is possible to mine them, also new gen of gpu can bring some additional performance for mining rigs..

Maybe GPU mining will die in 2018 . . . but today the altcoins seem to have a new hope and most altcoins born again like a phoenix from its ashes.

So maybe GPU mining will die in 2018 . . . but not yet.

POS is fake. dont be fooled. its a bigger scam than bitconnect. a POS model is almost as centralized as ripple, with the power among the cartels that own the most, like bitcoin. its the worst of both worlds.

like I said earlier, gpu pow and then after few months or years pos then is good, pos since beginning is bad.

POS is much more efficient, POW eats a huge chunck of electric, so it will die out after some time

Bitcoin is going up again and altcoins usually follow some days later, this might help profit, problem is really asics, only gpu is fine and is the future.

50¢ a day profit is still profit, I used modded AMD 480/580s and they still make $1.22/day (89¢/day after power).

Source: https://whattomine.com/

The top of the line cards now can hardly make 1 dollar.

Even if a new card comes out it won't matter if it only makes 59 cents more

I totatlly agree. For sone people is just not profits, its also fun.

Yep, I agree with this. It is fun and it can be usefull for increasing tech skills in some fields.

Also mining solo or in smallish pools on bigger coins is very fun. Its like the lottery.

I buy coins too, don't get me wrong. I have bought way more coins than I mined. But mining, playing with computers and tech is fun.

Interested to see what the next card will be too. Could be a game changer.

In the terms of effectiveness the longest and hardest way is very seldom the best. You will never win. But it is a lot of fun there, I agree.

Buying coins directly is far too easy. To choose the harder path is usually more rewarding, and the hardest path possible to obtain crypto is via mining.

I descreased earnings by electricity costs of course. It can be meaningful then  if ya dont sell earned coins right but collect them, yep.
But another question  is a bit complicated. Why do not just buy coins instead of buying overpriced GPU or ASICs.