GPUs are now been created for Gaming purposes not Crypto Mining

fosco333

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Quote from: Samayuki on August 08, 2019, 01:10:56 AM

New gpus from nvidia are created for gaming purpose only,gone re the days when new GPU will bring better mining Hashrate/S,i got myself new sets on RTX2070 and the mining results isnt that difference from the old GTX1070 and i was disappointed now ive already put up sell orders for my cards,GPU mining is fading away

Well, i think that is the real purpose of GPU card, to process more advance graphic.
Because cryptocurrency were skyrocketing in the past, the purpose of the GPU card was changing to mining coins.
Instead buying GPU card to mining, you can buy ASIC miner for better hash rate result.

WalkerIVIV

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There was no a lot of differences between rtx2070 specification compared with 1070's specification. But, didn't you try to get the latest comparison between both that has already made in the altcoin mining section before try to buy it? The flagship GPu doesn't mean it will bring a better hashrate. It's much better if you were buying radeon RX rather than in 2070. it has 3x power from 2070.
You are choosing the wrong GPU to mine altcoin.

bitkanu

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That is to be expected, the mining trends few months back is really because the hype and many company producing motherboard and GPU specialized for mining is already good enough.
But, see the bright side. If everyone uses GPU with the same hashrate power which basically the same as a year ago then the rewards would be the same and difficulty isn't rising too much isn't it?

jossiel

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Quote from: Samayuki on August 08, 2019, 01:10:56 AM

GPU mining is fading away

You are the one that's thinking that it's fading away. If GPU mining is fading away then who will confirm those transactions that are done through that certain altcoin.

The demand became lower because those miners who bought it before stopped. They bought it due to hype and thought of the daily profit that they can make. And because that they've seen that it's no longer profitable, they've sold their rigs.

Samayuki

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Quote from: pageraji on August 08, 2019, 01:32:40 AM

Quote from: Samayuki on August 08, 2019, 01:10:56 AM

New gpus from nvidia are created for gaming purpose only,gone re the days when new GPU will bring better mining Hashrate/S,i got myself new sets on RTX2070 and the mining results isnt that difference from the old GTX1070 and i was disappointed now ive already put up sell orders for my cards,GPU mining is fading away

Mining on bitcoin level difficulty is very high because there are only a few percent remaining of the total supply, mining now also requires a lot of costs, especially for electricity, ethereum began to develop proof of stake is a good development in mining systems.

Im not mining bitcoin with the GPUs because i understand that its not possible to mine bitcoin with gpus anymore due to higher mining difficulty even with scrypt or cryptonight based coins the rewards are very low to none,i tried out ethereum and others algorithms like x11 and x13 as well still no difference

jacafbiz

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I don't understand why you sound somehow disappointed, GPU can't compete with ASIC and I think these companies do understand this and seems to want to focus on their strength which is Gaming industry, Gaming industry is booming now with more users being added everyday so why not maximize your strength in this area

MATHReX

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If you take a visit down the memory lane, the GPU mining boom & drop was always medium lived.
First, at the time of Litecoin, there was a sudden boom in GPU mining because it was very lucrative at the time but this also meant people with great funds are going to invest large sums for specialized hardware for getting an edge over the mining game, thus making GPUs obsolete which eventually lead to downfall.
Then came the Ethereum, with a similar timeline as Litecoin, people started buying GPUs in bulk, demand creates its own supply, thus ridiculous price increase due to it.
When the dust settled as it is now, the second-hand market is flooded with GPUs as the majority are trying to break even for their expenditure by selling the hardware & GPU Manufacturing companies know now, that the main target group which always has been the same - "Gamers" and so most of the new features in newly released GPUs are boasted for Gamers, which makes sense.

BryanK

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GPU mining disappears due to the fact that the capacity of institutional miners increases very much. That is, home mining will be absolutely unprofitable. But if you have access to free electricity you can make a small profit. But this profit does not compare with the past. The gold rush is over.

pageraji

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Quote from: Samayuki on August 08, 2019, 01:10:56 AM

New gpus from nvidia are created for gaming purpose only,gone re the days when new GPU will bring better mining Hashrate/S,i got myself new sets on RTX2070 and the mining results isnt that difference from the old GTX1070 and i was disappointed now ive already put up sell orders for my cards,GPU mining is fading away

Mining on bitcoin level difficulty is very high because there are only a few percent remaining of the total supply, mining now also requires a lot of costs, especially for electricity, ethereum began to develop proof of stake is a good development in mining systems.

Samayuki

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New gpus from nvidia are created for gaming purpose only,gone re the days when new GPU will bring better mining Hashrate/S,i got myself new sets on RTX2070 and the mining results isnt that difference from the old GTX1070 and i was disappointed now ive already put up sell orders for my cards,GPU mining is fading away

Topic: GPUs are now been created for Gaming purposes not Crypto Mining (Read 164 times)