The computer store I buy my GPUs at doesn't have any GPUs left and there's a message saying they won't be getting any more in the near future.
Any suggestions?
Weak sauce:
https://arstechnica.com/tech-policy/2018/01/cryptocurrency-boom-creates-insane-global-graphics-card-shortage/
Topic: GPU mining will die in 2018! - page 41. (Read 16909 times)
I will really be hard to judge that GPU mining will be done any time soon as of now GPU prices shot up two to three times its worth that is just means that GPU mining will still be in the market. As of now it creates confusion and frustration specially to the one that buys hardware either for mining or gaming community because of these price hikes.
I wouldn't think it would happen in 2018.
I don't think it'll happen ever. The problem is not only in memory per se but in memory bandwidth. Fast memory = expensive memory. And that is what makes a good ETH miner, not the speed of SHA rounds. So I don't expect any breakthrough in ETH ASIC mining. Somebody can try though, I might be totally wrong.
Think "stripped down GPU with SHA3 hardware units instead of general-purpose compute units". Won't be cheap though, nothing near Ant Miners.
Quantum computing will require a huge increase in entropy and changes in methods but we are not going back to the 70s.
Actually, yes we are. One thing that keeps traditional cryptography alive (we're still talking about asymmetric schemes based on large number factorization, correct?) is the fact that the largest quantum unit today (that we know of) is 50 qubits. Make it 5,000 and your SSL session can be decoded in seconds, no matter how good your entropy source is. EC-based is a little bit tougher but not by far.
One technology is there you'll need quantum devices to secure your information. But we're talking about decades timeframe, cryptocurrencies will be long dead by then.
Die don't die. We're winning either way.
Not a fuck to be found. How 'bout u?
Not a fuck to be found. How 'bout u?
The memory requirement for the current GPU mining is simply too much for today's ASICs miners. But the ASIC being ASICs, the design should be able to utilize off-chip memory. The design investment would be a greater bottle neck than the current technology.
I wouldn't think it would happen in 2018.
I wouldn't think it would happen in 2018.
Can anyone show us the technical design of an ASIC appropriate for Equihash/Ethash?
I doubt it. Ethash was designed (please /lcybzq6]read the design paper) to require huge memory bandwidth.
ASICs give you advantage in SHA Hashes/Watt ratio, but for Ethash that represents a small fraction of the process (unlike the Bitcoin, that, essentially, IS a SHA).
In other words, ASICs can give you cheap SHA rounds but can't provide you enough memory. You have to have 1GB dataset per ASIC.
Technically you can regenerate parts of the dataset as you go - but that is going to kill the performance (+16MB ASICs aren't cheap).
It is still doable in ASICs - however not economical.
Can anyone show us the technical design of an ASIC appropriate for Equihash/Ethash?
What I'm most worried about is the introduction of quantum computers. When quantum computers are born, the digging of coins is terrible.
Don't worry, mining is going to be your smallest problem. As soon as somebody put together even 1k qbit unit traditional cryptography as we all know it is dead - and so does the world as we know it. Think about it: Internet commerce is gone, secure communication is gone, financial system is back on dedicated dial-up lines. You can't pay with a credit card anymore, you can't trade unless you're physically on the Wall St. Welcome back to the 70s, man.
LOL. That's idiotic FUD. Crypto is as good as it needs to be. Quantum computing will require a huge increase in entropy and changes in methods but we are not going back to the 70s.
What I'm most worried about is the introduction of quantum computers. When quantum computers are born, the digging of coins is terrible.
Don't worry, mining is going to be your smallest problem. As soon as somebody put together even 1k qbit unit traditional cryptography as we all know it is dead - and so does the world as we know it. Think about it: Internet commerce is gone, secure communication is gone, financial system is back on dedicated dial-up lines. You can't pay with a credit card anymore, you can't trade unless you're physically on the Wall St. Welcome back to the 70s, man.
You're missing the point.
It doesn't matter how good these new algorithms are going to be. You brand-new shiny fancy "supercoin" is worth as much as people want to pay for it (a.k.a market cap). Bitcoin is a king here and is going to stay the king until bubble pop -just because billions of $$$ are already invested in Bitcoin. Your "supercoin" (and I assume it is mathematically/cryprographically is superior to Bitcoin) is going to be the third class member of this society at best. Most likely it won't worth the electricity spent mining it.
So I don't expect any new algorithms or any new coins of significant value; Bitcoin will stay #2, ETH #2 and I'm not sure about #3.
Frankly, I think Bitcoin will collapse rather sooner than later. However, it's not time yet. I think by 2019 it'll be all over.
It doesn't matter how good these new algorithms are going to be. You brand-new shiny fancy "supercoin" is worth as much as people want to pay for it (a.k.a market cap). Bitcoin is a king here and is going to stay the king until bubble pop -just because billions of $$$ are already invested in Bitcoin. Your "supercoin" (and I assume it is mathematically/cryprographically is superior to Bitcoin) is going to be the third class member of this society at best. Most likely it won't worth the electricity spent mining it.
So I don't expect any new algorithms or any new coins of significant value; Bitcoin will stay #2, ETH #2 and I'm not sure about #3.
Frankly, I think Bitcoin will collapse rather sooner than later. However, it's not time yet. I think by 2019 it'll be all over.
What I'm most worried about is the introduction of quantum computers. When quantum computers are born, the digging of coins is terrible. Minners will go bankrupt because all the coins that they can dig can be exploited. There will be no need for Minner anymore. They will sell out their equipment. It's Terrible.
GPU Mining has massively grown and new Coins Using the Crypto Night Algo keep coming Out Regularly along with Equalhash. If anything Because China Controls so much of the ASIC its leading allot of newer coins to GPU Mined Algos to help Encourage a true decentralization of there coin.
New algo's will come out and GPU miners will always support them - GPU mining is more future proof in a lot ways than most of the altcoins.
ETH and others aren't CPU heavy but rather memory heavy (please read ETH design paper). So any ASIC for ETH has to have TONS of fast memory. You can still make ASIC for these algorithms but they won't give you such tremendous advantages over GPUs as for CPU-heavy Bitcoin.
However, Chinese guys can kill ETH and others just by concentrating their money on the Bitcoin (so nobody will want to buy ETH at the first place).
OTOH, this all madness is a bubble / Ponzi scheme. So I think it is going to crash sooner rather than later. I wouldn't invest anymore at this point; just make sure you cover the equipment/electricity that you already bought to at least break even. To get rich on the criptocurrencies you should've invested big $$$ back in 2010.
Disclaimer: This is just my opinion. I am not your financial adviser / lawyer / rabbi / etc.
However, Chinese guys can kill ETH and others just by concentrating their money on the Bitcoin (so nobody will want to buy ETH at the first place).
OTOH, this all madness is a bubble / Ponzi scheme. So I think it is going to crash sooner rather than later. I wouldn't invest anymore at this point; just make sure you cover the equipment/electricity that you already bought to at least break even. To get rich on the criptocurrencies you should've invested big $$$ back in 2010.
Disclaimer: This is just my opinion. I am not your financial adviser / lawyer / rabbi / etc.
The asic for mining eth is the same cost as the gpu one. It's not the same as with Bitcoin when the asic completely destroyed the gpus because it's not could based mining it's a totally different algorithm to gpus are in for awhile untill they get more effective miners that are geared to mining and mining only.
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.
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.
wow this is at least the 3rd post of yours about GPU mining... I don't know bro, I recommend a doctor visit.
He trys to spread shit about mining around a lot ... And I mean A LOT! ... Lol. I think he is a closet miner and just not willing to say it. He writes his posts acting like he's a little higher up than something that knows nothing about mining, but less than someone who has been in it for awhile. And I think he does this on purpose to throw people off.
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.
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.
wow this is at least the 3rd post of yours about GPU mining... I don't know bro, I recommend a doctor visit.
To The Moon 1989... antantti got more or less burned.
To The Moon 2000... antantti watching people burning money they don't have. Me not burning.
To The Moon 2008... antantti burned again, fuck this. There must be something better out there... hmmm bitcoin.
To The Moon 2018... antantti looks back to 2000, this time I'm not the one who gets burned. Watching people buying "money" with "money" they don't have... fuck they are making Thousands of Billions, I'm all in?
GPU mining dies when that last miner shuts his/her last "rig" down, profitable GPU mining dies about 20 years before that.
To The Moon 2000... antantti watching people burning money they don't have. Me not burning.
To The Moon 2008... antantti burned again, fuck this. There must be something better out there... hmmm bitcoin.
To The Moon 2018... antantti looks back to 2000, this time I'm not the one who gets burned. Watching people buying "money" with "money" they don't have... fuck they are making Thousands of Billions, I'm all in?
GPU mining dies when that last miner shuts his/her last "rig" down, profitable GPU mining dies about 20 years before that.
There are a few coins out there that 'pride' themselves on being asic resistant. Vertcoin for example. So I don't think GPU mining will die when there are popular coins out there who intend to keep GPU's as the main form of mining.
Sure profitability might drop, by don't think it will outright 'die' in 2018. Also ethereum going POS won't help with hashrate distribution.
Sure profitability might drop, by don't think it will outright 'die' in 2018. Also ethereum going POS won't help with hashrate distribution.
profitability won't drop as long as you keep updating your cards to the latest generation ones. Mining is here to stay. People like to say mining is too easy profit to be sustainable but they don't know the trouble that is to setup consistent rigs and monitor them over time.
That is the fucking truth ... Lol. Hours and hours of building and building and building and troubleshooting and troubleshooting and troubleshooting ... And then when you get it right ... Another issue pops up ... More troubleshooting
Not that it isn't somewhat fun. It really is. That's why I hate the idea of ASIC only mining. It's almost too boring for my mind. However, I think anyone with a gpu mining farm, should diversify a bit and own some ASIC miners at the right price and time. Jump to: