GPU mining will die in 2018! - page 42.

Wawaji

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Activity: 91

Merit: 10

Quote from: TheHas on January 20, 2018, 07:35:04 PM

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.

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.

TheHas

full member

Activity: 616

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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.

gotminer

member

Activity: 644

Merit: 24

Quote from: rem26 on January 20, 2018, 07:26:22 PM

Quote from: Metroid on January 19, 2018, 02:44:37 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.

lol.
Do you know how much it costs to put memory on an ASIC?

I program new ASIC's for a living. I get beat up about fitting firmware into 64K.

You get beat up?

rem26

newbie

Activity: 78

Merit: 0

Quote from: Metroid on January 19, 2018, 02:44:37 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.

lol.
Do you know how much it costs to put memory on an ASIC?

I program new ASIC's for a living. I get beat up about fitting firmware into 64K.

gotminer

member

Activity: 644

Merit: 24

Quote from: Metroid on January 19, 2018, 02:44:37 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.

Well really who cares. We'll just switch to ASIC's if that is the case. Adapt or die, my friend. I'll admit that it won't be quite as fun to mine with ASIC's only. They are just really smart, dumb boxes, in my opinion. There won't be near as much tweaking involved.

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: adaseb on January 19, 2018, 08:17:00 PM

In 2014 they said mining would no longer be profitable
In 2015 they said mining would no longer be profitable

Which world do you live in? Those years were not profitable at all, people sold all their gpu beginning 2014 and after that, gpu mining was alive only after march 2016 with the eth pump from $0.20 to $7.

Sevarchik

member

Activity: 420

Merit: 10

How GPU mining will die, if we have only GPU mineble big coins how ETH for example.
Building asics for this algo will be so expencive, how building gpu rig

gotminer

member

Activity: 644

Merit: 24

Quote from: badfad on January 19, 2018, 10:24:57 PM

One of those threads where you know the thread starter before you read his name...

Can anyone guess what metroid is gonna say when there's another correction ?

I was thinking the exact same thing ... Lol.

badfad

jr. member

Activity: 186

Merit: 4

One of those threads where you know the thread starter before you read his name...

Can anyone guess what metroid is gonna say when there's another correction ?

ltcsprite

full member

Activity: 269

Merit: 101

i love reading metroids posts.

I am 100% convinced he's a moderator acting as a troll or something, seriously just posts the best stuff, hehe.

check some of his posts from the pasts. hehe. first he says he mines, then he says he doesn't mine.. always calling for crashes and celebrating when prices are down. said people will never make their money back, said its not profitable. which is it? he a miner or not? hehe.

he's one of a kind. hehe.

would love to adopt him. hehe.

Meech

hero member

Activity: 924

Merit: 1000

Heard this all before, after Litecoin. Then Ethereum happened and so the cycle will continue.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: sundownz on January 19, 2018, 03:20:58 PM

Been heavily mining (again) for ~7 months... all my hardware is over 2x ROI... and I still have the hardware which has value. I'm very pleased.

All along the way there have been people yelling about GPU mining crashing.

I wouldn't be surprised if it slowed down... but dying in 2018 ? I don't think so.

It is far more likely that I will die before Gpu mining dies.

adaseb

legendary

Activity: 3808

Merit: 1723

In 2009 they said mining would no longer be profitable
In 2010 they said mining would no longer be profitable
In 2011 they said mining would no longer be profitable
In 2012 they said mining would no longer be profitable
In 2013 they said mining would no longer be profitable
In 2014 they said mining would no longer be profitable
In 2015 they said mining would no longer be profitable
In 2016 they said mining would no longer be profitable
In 2017 they said mining would no longer be profitable

So I am guessing it will be the same for 2018

NameTaken

hero member

Activity: 630

Merit: 502

Quote from: seven2smoke1 on January 19, 2018, 04:16:42 PM

Quote from: NameTaken on January 19, 2018, 03:51:38 PM

Quote from: nsummy on January 19, 2018, 03:44:59 PM

Quote from: Vann on January 19, 2018, 02:48:35 PM

I think i've heard that almost as many times as Bitcoin is dead. LOL.

Hahah yep, remember when there were 10 articles like this pumped out on a daily basis? https://motherboard.vice.com/en_us/article/evd7jj/etherium-miners-are-selling-their-graphics-cards

BTC was not designed to scale and it's dead as "electronic cash" with $25-50 transaction fee, slow transactions times, massive network congestion with hundreds of thousands of unconfirmed transaction unless a layer 2 solution gets implemented.

Bitcoin have a lot of problems now, as you said like, slow transaction times, also the miner fees increase is too high, I think if they can't fix this problem on bitcoin, people will start to use another crypto. There are a plenty of altcoins are good to use, they have more advantage now compared to bitcoin, the most important one is the fees and the quick transactions.

BTC is more like precious metal or gems instead of cash where it's an asset that's worth alot but also slow and costs alot to verify when trying to buy or sell.

Marvell2

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Activity: 1148

Merit: 132

Quote from: vtrx on January 19, 2018, 03:03:36 PM

I think most of you know about envion ($100M raised couple of days ago at ico finish), so according to their video and details on the first MMU which is already working somewhere in Germany, the container has more than 400 GPU (!!!!!!) cards and 19 asics antminer s9. It was one of the most scaring fact in their ico using of that high part of GPU miners in that mobile mining unit.

I cant believe idiots gave these fools 100million to compete with them lol

seven2smoke1

full member

Activity: 532

Merit: 132

Quote from: NameTaken on January 19, 2018, 03:51:38 PM

Quote from: nsummy on January 19, 2018, 03:44:59 PM

Quote from: Vann on January 19, 2018, 02:48:35 PM

I think i've heard that almost as many times as Bitcoin is dead. LOL.

Hahah yep, remember when there were 10 articles like this pumped out on a daily basis? https://motherboard.vice.com/en_us/article/evd7jj/etherium-miners-are-selling-their-graphics-cards

BTC was not designed to scale and it's dead as "electronic cash" with $25-50 transaction fee, slow transactions times, massive network congestion with hundreds of thousands of unconfirmed transaction unless a layer 2 solution gets implemented.

Bitcoin have a lot of problems now, as you said like, slow transaction times, also the miner fees increase is too high, I think if they can't fix this problem on bitcoin, people will start to use another crypto. There are a plenty of altcoins are good to use, they have more advantage now compared to bitcoin, the most important one is the fees and the quick transactions.

NameTaken

hero member

Activity: 630

Merit: 502

Quote from: nsummy on January 19, 2018, 03:44:59 PM

Quote from: Vann on January 19, 2018, 02:48:35 PM

I think i've heard that almost as many times as Bitcoin is dead. LOL.

Hahah yep, remember when there were 10 articles like this pumped out on a daily basis? https://motherboard.vice.com/en_us/article/evd7jj/etherium-miners-are-selling-their-graphics-cards

BTC was not designed to scale and it's dead as "electronic cash" with $25-50 transaction fee, slow transactions times, massive network congestion with hundreds of thousands of unconfirmed transaction unless a layer 2 solution gets implemented.

nsummy

full member

Activity: 1179

Merit: 131

Quote from: Vann on January 19, 2018, 02:48:35 PM

I think i've heard that almost as many times as Bitcoin is dead. LOL.

Hahah yep, remember when there were 10 articles like this pumped out on a daily basis? https://motherboard.vice.com/en_us/article/evd7jj/etherium-miners-are-selling-their-graphics-cards

onlineportal

sr. member

Activity: 258

Merit: 250

Quote from: goodb on January 19, 2018, 03:31:34 PM

One of the big factors which make an altcoin valuable is its mineability of end users with gpu. I wouldnt even care or invest ETH if it wouldnt be mineable bei GPU.

10 Normal miners-->Discover Altcoins --- if GPU mineable-->value increases as interest of people increases-->while mining easy -->>more valuable--->honey attracts big greedy guys--> developing asics --->lost of interest from end(home/basic) miners--->then search new mineable altcoins --> (big guys big investment -->manipulated big pumps of prices at exchanges , sell the asic mined coins to newbees and quit...
20 goto 10 ;

100%

goodb

newbie

Activity: 126

Merit: 0

One of the big factors which make an altcoin valuable is its mineability of end users with gpu. I wouldnt even care or invest ETH if it wouldnt be mineable bei GPU.

10 Normal miners-->Discover Altcoins --- if GPU mineable-->value increases as interest of people increases-->while mining easy -->>more valuable--->honey attracts big greedy guys--> developing asics --->lost of interest from end(home/basic) miners--->then search new mineable altcoins --> (big guys big investment -->manipulated big pumps of prices at exchanges , sell the asic mined coins to newbees and quit...
20 goto 10 ;

Topic: GPU mining will die in 2018! - page 42. (Read 16890 times)