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Topic: GPU mining will die in 2018! - page 4. (Read 16890 times)

sr. member
Activity: 2142
Merit: 353
Xtreme Monster
May 03, 2018, 09:47:18 AM

Everything I said here about asics, the price crash and then the price going up again was right, I always say that I hope I'm never right but in the end I'm always right which is very sad. The only thing I was wrong was with the cryptonight miner which I told there was no plans for that but the interesting thing is, the only developers that announced a hard fork to counter bitmain and co was monero and others followed, so in turn in a way i ended up right too about that cause if eth and zec developers don't block asics then you will still be able to mine monero with gpus which is a good thing.

I wished I was wrong about everything I said here but it is very sad I was not.
jr. member
Activity: 148
Merit: 5
May 03, 2018, 09:18:07 AM
I see day by day, ASICS of many coins are launching, individually or multiple. Chinese companies are trying to kill the GPU mining market once again cause they are greedy, just like they did to Bitcoin and Litecoin. GPU Mining died in 2013 and was resurrected in 2015 with the Cryptocoins Generation 2.0, although many of you miners just started mining on 2016 due to huge pumps on those 2.0 cryptocoins.

As Cryptocoins got more popular than in 2011 - 2013. The new generation of Cryptocoins 2015 and afterwards are endangered by ASICS once again, and 2018 looks to be the year of per the title "GPU mining will die in 2018!".

Keep in mind that there are possible ASICS for ethash already for Q1, and even if ETH goes POS, ETC and other ethash coins will be only ASICS and if that happens only Equihash coins will be minable for a time and I have a word that there is already an ASIC in development for Equihash already and will start delivering in Q4 2018. As GPU mining keep gets scarce, other popular coins will have pumps and so ASICS will be born for them.

I want to know your thoughts about it and I wonder the limits of --> "where, there is money to be made, there is greedy"

Keep in mind that this price crashing we are seeing is due also to the fear of ASICS for most GPU mining coins.

You called it right

https://twitter.com/BITMAINtech/status/992034662875779072
copper member
Activity: 56
Merit: 0
full member
Activity: 269
Merit: 101
April 29, 2018, 11:14:58 AM
metroid doesnt own any coins but follows since 2009 and insults people and calls them trolls.

hehe.

metroid the nocoiner.

I used to hate metroid, but he is the only one who predicted Asics for Ethash, and he gives good advices to buy coins


lol.

no hes not, i've seen dozens and dozens of people say this shit dating back to early 2017.

metroid doesn't have any coins, i bet hes sad he didnt take his own "advices". .

hehe.
legendary
Activity: 3752
Merit: 1415
April 29, 2018, 10:30:13 AM
Bitmain has become what it is because USA let it, blame the USA for China closing the gap on the economy. USA was an industrial powerhouse and most of it went to China and Bitmain and many were born hehe

China also has a strategic advantage over the US due to supply base.  Time/cost from supply to end user and china's workforce willingness to work for lower wages plays a big part in it and US had little to do with that.  
newbie
Activity: 100
Merit: 0
April 29, 2018, 09:17:34 AM
SOLACE Coin: The Charity Coin

Mine a coin that gives back to society.
First charity donation already complete!!!

https://discord.gg/HqHNY9s
newbie
Activity: 14
Merit: 0
April 29, 2018, 08:55:25 AM
I love to know the new GPU mining coin. so I can mine more for less difficulty.
I came to know new----- PoWer coin(PWR)----> Going to POW GPU + CPU mining on 14th May , good to know their developers to get tricks from community https://discord.gg/D9rsP2Q

member
Activity: 644
Merit: 24
April 28, 2018, 10:09:15 PM
metroid doesnt own any coins but follows since 2009 and insults people and calls them trolls.

hehe.

metroid the nocoiner.

I used to hate metroid, but he is the only one who predicted Asics for Ethash, and he gives good advices to buy coins


I never hated Metroid, although I think he still goes overboard on his opinions at times, but I'll always welcome what he has to say.  Feb-1 ETH was over $1100 ... Apr-1 it was $370ish ... If you know anything about ETH, it was an obvious buy at $400.  And if you don't know anything about ETH, losing 2/3's of it's value should have caused you to look into it and buy it.
legendary
Activity: 2366
Merit: 1408
April 28, 2018, 06:29:12 PM
metroid doesnt own any coins but follows since 2009 and insults people and calls them trolls.

hehe.

metroid the nocoiner.

I used to hate metroid, but he is the only one who predicted Asics for Ethash, and he gives good advices to buy coins
copper member
Activity: 56
Merit: 0
April 28, 2018, 05:59:22 PM
Are CPU Only coins the future? To keep Miner Decentralization?
Or will mining always inevitably become more and more centralized?

BiblePay is the best CPU Only coin I know of, are there others?  Lips sealed Lips sealed
jr. member
Activity: 261
Merit: 5
https://www.doh.gov.ph/covid-19/case-tracker
April 28, 2018, 05:52:36 PM
I see day by day, ASICS of many coins are launching, individually or multiple. Chinese companies are trying to kill the GPU mining market once again cause they are greedy, just like they did to Bitcoin and Litecoin. GPU Mining died in 2013 and was resurrected in 2015 with the Cryptocoins Generation 2.0, although many of you miners just started mining on 2016 due to huge pumps on those 2.0 cryptocoins.

As Cryptocoins got more popular than in 2011 - 2013. The new generation of Cryptocoins 2015 and afterwards are endangered by ASICS once again, and 2018 looks to be the year of per the title "GPU mining will die in 2018!".

Keep in mind that there are possible ASICS for ethash already for Q1, and even if ETH goes POS, ETC and other ethash coins will be only ASICS and if that happens only Equihash coins will be minable for a time and I have a word that there is already an ASIC in development for Equihash already and will start delivering in Q4 2018. As GPU mining keep gets scarce, other popular coins will have pumps and so ASICS will be born for them.

I want to know your thoughts about it and I wonder the limits of --> "where, there is money to be made, there is greedy"

Keep in mind that this price crashing we are seeing is due also to the fear of ASICS for most GPU mining coins.

I do not think it will happened for me this is just a FUD like what people say that BTC will die . I am not into mining because it's cost too much for me but I am  not able to GPU will die .
legendary
Activity: 4354
Merit: 3614
what is this "brake pedal" you speak of?
April 28, 2018, 11:17:02 AM
The CEO of Black Arrow (Alex Sovu) just got convicted and sentenced to 11 years for hacking and robbing the banks ATMs. I can't imagine this clown gave up turning his company into a multi-billion dollar business just to rob me and make sure I didn't make any money, WTF? Bitmain (located across the street from BA) delivered my Antminer S5 at least a week early and now they're bigger than Nvidia. After defrauding me and most of his customers the Sovu turned to defrauding ATMS, WTF? The guy paid a huge bail bond (with my stolen money) and is now on the run from his 11 year conviction.

The lengths this asshole, his company and various co-conspirators went to make me a butt-hurt loser is fucking mind blowing.

damn, didnt know that history.

knew he was scum but he really took some folks for a ride on many levels. sorry you got caught up in it.
full member
Activity: 1148
Merit: 132
April 28, 2018, 10:43:52 AM
Mining BTC with GPUs died out years ago.

yup and good years they were.

i will never get rid of my 6870 and 5830, they are largely responsible for my stack as while i did sell coins through the years i kept enough to make my wife and i extremely happy.. i keep meaning to mount them in a frame and hang them on a wall as they were so good to me.


I realized BTC was worth something in October of 2013, by that time GPU mining of BTC had already died out. I got some Asicminer Block Erupters and was so impressed with BTC and mining I went all in on a Black Arrow (named after a UK rocket and "space" program) ASIC pre-order as the market on Bitfury ASICs had dried up and I missed the deadline for the KnC Jupiter (more "space"). I saw all the coins the Jupiter customers were getting and Black Arrow seemed to have a good history of delivering miners based on Bitfury chips.

Black Arrow ended up stealing my money and never shipped the miner I ordered. Cry  When I made the pre-order I had a small amount of money left and also purchased an old used HD 6990 5790 for $250, I made ROI in about a week solo mining Nova Coin. Cheesy  It finally died in a shower of sparks about 8 or so months back of fan failure two years ago but damn that card mined a lot of coins., it would do 50 MH/s ETH putting my new RX 580s doing 30 MH/s to shame.


oh man black arrow.. i almost preordered one as well as one from another company around that time (hashfast? dont recall the exact name). i figured between the two companies one would come through. riiiight. whew, dodged that bullet.

i did have a bfl FPGA that did ok, mainly because they were so slow getting their asic out it was profitable for a while. as well as a couple block erupters. but we all know where bfl went, and good riddance. think bitmain is bad? imagine if bfl became the dominant asic provider.

my only regret is that i didnt order more cards back in 2011. but btc was high risk and fairly unknown back then and no one knew where it would go. i was always into distributed computing (seti@home, F@H) so it was kinda right up my ally. and of course i got to buy shiny new cards for games Smiley i looked at it more as a new hobby than a get rich thing, as well as wanting to be part of the "grand experiment" of decentralized money.

my 1st btc was earned on a 4850 (testing the waters) but as soon as i figured out the process of turning btc into fiat in a bank account (mtgox and dwolla) i ordered the 6870, and later the 5830. my wife was like you paid hundred of dollars for THAT?? (the 6870). of course now she doesnt even blink when i order gear for mining. she just smiles when she looks at our bank and crypto accounts.

geeze memories Smiley



The CEO of Black Arrow (Alex Sovu) just got convicted and sentenced to 11 years for hacking and robbing the banks ATMs. I can't imagine this clown gave up turning his company into a multi-billion dollar business just to rob me and make sure I didn't make any money, WTF? Bitmain (located across the street from BA) delivered my Antminer S5 at least a week early and now they're bigger than Nvidia. After defrauding me and most of his customers the Sovu turned to defrauding ATMS, WTF? The guy paid a huge bail bond (with my stolen money) and is now on the run from his 11 year conviction.

The lengths this asshole, his company and various co-conspirators went to make me a butt-hurt loser is fucking mind blowing.

Shows that he was a crook from the start, although they did at some point try to deliver some units , they were late though and not profitable so they just decided to scam the rest of thier pre order customers.  thier not the only scammers in those wild crypto days, beekeeper scanmes millions , and the hashlets guys destoyed faith in cloud mining.  U just have to get iver it
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
April 28, 2018, 10:36:48 AM
Bitmain has become what it is because USA let it, blame the USA for China closing the gap on the economy. USA was an industrial powerhouse and most of it went to China and Bitmain and many were born hehe
legendary
Activity: 2212
Merit: 1038
April 28, 2018, 07:11:43 AM
Mining BTC with GPUs died out years ago.

yup and good years they were.

i will never get rid of my 6870 and 5830, they are largely responsible for my stack as while i did sell coins through the years i kept enough to make my wife and i extremely happy.. i keep meaning to mount them in a frame and hang them on a wall as they were so good to me.


I realized BTC was worth something in October of 2013, by that time GPU mining of BTC had already died out. I got some Asicminer Block Erupters and was so impressed with BTC and mining I went all in on a Black Arrow (named after a UK rocket and "space" program) ASIC pre-order as the market on Bitfury ASICs had dried up and I missed the deadline for the KnC Jupiter (more "space"). I saw all the coins the Jupiter customers were getting and Black Arrow seemed to have a good history of delivering miners based on Bitfury chips.

Black Arrow ended up stealing my money and never shipped the miner I ordered. Cry  When I made the pre-order I had a small amount of money left and also purchased an old used HD 6990 5790 for $250, I made ROI in about a week solo mining Nova Coin. Cheesy  It finally died in a shower of sparks about 8 or so months back of fan failure two years ago but damn that card mined a lot of coins., it would do 50 MH/s ETH putting my new RX 580s doing 30 MH/s to shame.


oh man black arrow.. i almost preordered one as well as one from another company around that time (hashfast? dont recall the exact name). i figured between the two companies one would come through. riiiight. whew, dodged that bullet.

i did have a bfl FPGA that did ok, mainly because they were so slow getting their asic out it was profitable for a while. as well as a couple block erupters. but we all know where bfl went, and good riddance. think bitmain is bad? imagine if bfl became the dominant asic provider.

my only regret is that i didnt order more cards back in 2011. but btc was high risk and fairly unknown back then and no one knew where it would go. i was always into distributed computing (seti@home, F@H) so it was kinda right up my ally. and of course i got to buy shiny new cards for games Smiley i looked at it more as a new hobby than a get rich thing, as well as wanting to be part of the "grand experiment" of decentralized money.

my 1st btc was earned on a 4850 (testing the waters) but as soon as i figured out the process of turning btc into fiat in a bank account (mtgox and dwolla) i ordered the 6870, and later the 5830. my wife was like you paid hundred of dollars for THAT?? (the 6870). of course now she doesnt even blink when i order gear for mining. she just smiles when she looks at our bank and crypto accounts.

geeze memories Smiley



The CEO of Black Arrow (Alex Sovu) just got convicted and sentenced to 11 years for hacking and robbing the banks ATMs. I can't imagine this clown gave up turning his company into a multi-billion dollar business just to rob me and make sure I didn't make any money, WTF? Bitmain (located across the street from BA) delivered my Antminer S5 at least a week early and now they're bigger than Nvidia. After defrauding me and most of his customers the Sovu turned to defrauding ATMS, WTF? The guy paid a huge bail bond (with my stolen money) and is now on the run from his 11 year conviction.

The lengths this asshole, his company and various co-conspirators went to make me a butt-hurt loser is fucking mind blowing.
legendary
Activity: 4354
Merit: 3614
what is this "brake pedal" you speak of?
April 28, 2018, 06:26:30 AM
Mining BTC with GPUs died out years ago.

yup and good years they were.

i will never get rid of my 6870 and 5830, they are largely responsible for my stack as while i did sell coins through the years i kept enough to make my wife and i extremely happy.. i keep meaning to mount them in a frame and hang them on a wall as they were so good to me.


I realized BTC was worth something in October of 2013, by that time GPU mining of BTC had already died out. I got some Asicminer Block Erupters and was so impressed with BTC and mining I went all in on a Black Arrow (named after a UK rocket and "space" program) ASIC pre-order as the market on Bitfury ASICs had dried up and I missed the deadline for the KnC Jupiter (more "space"). I saw all the coins the Jupiter customers were getting and Black Arrow seemed to have a good history of delivering miners based on Bitfury chips.

Black Arrow ended up stealing my money and never shipped the miner I ordered. Cry  When I made the pre-order I had a small amount of money left and also purchased an old used HD 6990 5790 for $250, I made ROI in about a week solo mining Nova Coin. Cheesy  It finally died in a shower of sparks about 8 or so months back of fan failure two years ago but damn that card mined a lot of coins., it would do 50 MH/s ETH putting my new RX 580s doing 30 MH/s to shame.


oh man black arrow.. sorry to hear you got burned on that.i almost preordered one as well as one from another company around that time (hashfast? dont recall the exact name). i figured between the two companies one would come through. riiiight. whew, dodged that bullet.

i did have a bfl FPGA that did ok, mainly because they were so slow getting their asic out it was profitable for a while. as well as a couple block erupters. but we all know where bfl went, and good riddance. think bitmain is bad? imagine if bfl became the dominant asic provider.

my only regret is that i didnt order more cards back in 2011. but btc was high risk and fairly unknown back then and no one knew where it would go. i was always into distributed computing (seti@home, F@H) so it was kinda right up my ally. and of course i got to buy shiny new cards for games Smiley i looked at it more as a new hobby than a get rich thing, as well as wanting to be part of the "grand experiment" of decentralized money.

my 1st btc was earned on a 4850 (testing the waters) but as soon as i figured out the process of turning btc into fiat in a bank account (mtgox and dwolla) i ordered the 6870, and later the 5830. my wife was like you paid hundred of dollars for THAT?? (the 6870). of course now she doesnt even blink when i order gear for mining. she just smiles when she looks at our bank and crypto accounts.

geeze memories Smiley
member
Activity: 143
Merit: 31
Cryptomaa.com Helps in finding Real project
April 28, 2018, 05:38:28 AM
Its not easy because many coins are not support new generation mining devices
so only option left is gpu
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
April 28, 2018, 05:09:00 AM

That's funny, you've only been a member on here since 2013 and it was actually 1983 when "this thing began".

https://en.wikipedia.org/wiki/Ecash

I've got to hand it to you though, you make a prediction thread on here that spans a year, then you go on to make mini predictions within the thread for the same year, and now here we are watching you make predictions "decades" into the future.

I'd compare you to Nostradamus, except some of his predictions have actually come true Grin

How is the cave? Everything started on 2009 because there was a market/blockchain/internet for that, anything other than what I said is just a way to troll the truth but I will not discuss cause in the end you will always make your kind proud hehe

^^^ ROI coin belongs in the loo not on the street!

Too many spams here because this thread is number one on google search, so every post gets too many views.
legendary
Activity: 2212
Merit: 1038
April 28, 2018, 04:22:14 AM
^^^ ROI coin belongs in the loo not on the street!
sr. member
Activity: 1008
Merit: 297
Grow with community
April 27, 2018, 08:38:00 PM
If those price predictions come true, I'll be living on my own private island somewhere. Lol.

Cryptocoins is the second greatest scam to mankind to date, paper money still the greatest, I said this in 2009 when all this thing began and still applies right now hehe, funny though, is a different kind of scam cause is protected by cryptography/technology/numbers but that is about it, is a modern scam, I remember people saying good things about gold and silver and how cryptocoins one day would be like gold and silver, look where they are right now and where cryptocoins are. This will keep increasing and breaking records, new ways to monetize money will be created, what we know about paper money in few decades will be extinct.

That's funny, you've only been a member on here since 2013 and it was actually 1983 when "this thing began".

https://en.wikipedia.org/wiki/Ecash

I've got to hand it to you though, you make a prediction thread on here that spans a year, then you go on to make mini predictions within the thread for the same year, and now here we are watching you make predictions "decades" into the future.

I'd compare you to Nostradamus, except some of his predictions have actually come true Grin



failry, some of his predictions were right but not all, turn of events changed

I'm impressed with ASIC's prediction on GPU mineable coins

I may also agree on Price increase, news about Regulatory and taxes were all part of adoption, lets see, its crypto anyways, holding is the best part of it

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