Topic: GPU mining will die in 2018! - page 28. (Read 16909 times)

For mining with GPUs to increase in popularity, we have to climb out of this bear market stage. Right now you see GPUs getting cheaper again and people selling their rigs. GPU mining will stay but as of right now profits from it are gonna take a hit.

i don't think so. GPU will increase & popular in this year.

for me the biggest danger for gpu mining is when eth goes pos, there is no coin out there that can absorb the eth nethashrate(if its all gpu not some secret asics)
anyway i sold all my years old rx 580 to some retards with 50-75% profit they where paid of long time and mined for me alot of coins/profit. i´ll observe the situation and join mining maybe later this year with some brandnew gpus

GPU mining will not die because the new algorithm X16R is anti ASICS and i believe most algorithm will move towards this direction

I'm still as happy as I've always been about gpu mining 

I guess now unbelievers are now kind agreeing with me about gpu mining will die in 2018, more and more action of asic companies and idiots which were buying rx 580 for $1000 resulted in what we see now, greedy bastards.

I pointed all my rigs to RVN and I won't sell until the end of the year

GPU rig won't disappear, it will get better and better, because the threshold of participation is lower, people like it.

So... Is Ravencoin the future of GPU mining?

i think g3 coins should have something like x16r with multiple chained algos, i think that should deter if not resist asic from messing up the networks

I already have the rest of the system present to support GPUs -- and simply add a cheap / powerful CPU to mine with on top of that.

I do have a big thread regarding my strategy:

https://bitcointalksearch.org/topic/building-cheap-miners-my-secret-1955358

Start with a base of HP Z400s... very cheap about $150 or so even with legit Windows 10 Pro installed then add the CPU, new PSU, and GPUs.

Thanks Metroid
This is the best post I read from you, totally true and honest
Let's keep this "war" against Asics, I'll do anything to prevent the centralization

umm maybe you should look up the definition of Ponzi scheme. sure its a shitty  business model but its far from a Ponzi, your implying that people are dishing out money and not getting anything back in return which isn't the case, those buyers are getting asics, theres always risk involved with those and to disregard that is just stupid just like calling it a Ponzi scheme which it is not. those that get suckered into a true Ponzi DONT GET ANYTHING BACK and they LOSE IT ALL

I left mining on 2013 when ltc crashed, after that I only bought and sold coins, I do test things though and help the community with few things. I have always been against asics and the people that know me, can confirm it. I'm never against gpu mining in any way, I'm all for it cause gpu mining regarding proof of work is the most practical and correct way cause that is why decentralization comes in, the idea about btc's creator is no different than mine, spread coins to cpu/gpu owners, in a computer today we have 2x more cpu cores, back then we had only nehalen 1366 socket and core maximum 4 ht on 8 cores and that was the corner stone of computing and for that time it was right, nowadays is the gpu era and decentralization still applies to it. I know  is not the same way cpu did back then. I'm against gpu farms the same way I'm against asics, decentralization of power means a percentage of population holds the power and not few people. There are ways to prevent centralization and implement close to 99% decentralization right now, hopefully we will see soon a g3 cryptocoin that will blast everything away that we have seen yet. Decentralization is the future and nothing will be complete till such coin reaches 100% decentralized which will eliminate any farm or asic and will be based only on cpu or gpu alone cause that is what is meant to be.

The First Time there's been a negative atmosphere around miners? There was already a negative atmosphere with the A3 and D3, though the ambiance was lighter with the D3 when it initially came out (I was personally one of the more pessimistic people about the miner). The L3+ is still profitable, making around $200 a month after an electrical cost of $.10/kWh, and in terms of mining revenue in BTC on Nicehash the L3+ has remained fairly consistent for the past month. You're right about the rest of the miners, though (the D3 is pretty much a worthless doorstop at this point and I wouldn't suggest buying any of the miners Bitmain currently offers unless you're willing to accept massive risk for very little potential profit). I'm personally glad more people are realizing the risks of mining from others getting burned, though. Too many people think mining's just a get-rich-quick scheme nowadays.

You did forget to mention the A3 that's currently making around $600/month in electrical costs of ten cents per kw, but I expect difficulty to rise on that chain eventually as well (not to mention they're currently OOS on Bitmain's site).

The ASIC producers, cheat their buyers several times.

- D3 Dash miner: todays profit 3.96USD (if You calculate the electric power cost, not profitable at all)
- L3 Litecoin miner: todays profit 8.2USD (hardly profitable)
- S9 SHA256 miner: todays profit 9.98USD (with small drop of BTC will not be profitable)

Some of those units people bought for over 3000USD. Now they have only noisy heaters, and lost their money.

What a business model! Produce the unit, take money from buyers in advance, put it in mining farm for 3 months while it is very profitable, and than deliver it like used ones. Make a huge oversold of units and algo diff. skyrocket, profitability ZERO.
They know what they are doing, and doing it with every new model. Huge hype on the beginning (representing big profitability at moment), presale etc... Only early adopters can profit, all others, when they receive units, have very long period of ROI.
I hope that new buyers will understand this "ponzi scheme" and protect their money.

Regarding this new "cryptonight miner", I think that this will be the first time We have here antihype atmosphere.
Monero team  (biggest Cryptonight coin) announce antiASIC fork, followed by other (IPBC etc...). All other cryptonight coins do not have enough daily trade volume, and when we will have more coins than it can be sold price will drop.
Coin owners invest lot in their coins, I believe they will protect projects, and will follow the Monero, IPBC etc...in anti ASIC algo change.
It is much better than see the prices around one satoshi.  

New coins/tokens are being created just as quickly as those switching to PoS or ASIC. I'm not sure if coins in the top 10 will be viable for GPU mining, but there will always be something to point your rig at.

CPU mining is another matter though. I wonder what percentage of it is used by botnets.

Metroid, instead of post FUD and spread the fear on new miners, why don't we fight against Asics?

New miners are not the problem, Asics and big farms are
You are an active member and together we can boycott Asics

Thanks!  I guess you are nice sometimes ... Lol.

Right now I'm concerned cause I really thought the asic companies would never build a cryptonight asic cause that is too shameful, cryptonight is the last defense right now against all evil in the money world. This is really bad, those companies don't have a single bit of decency or morality whatsoever.


To make you happy you got one from me now hehe