Topic: How bad can it get? (Read 1834 times)

Quote from: FP91G on July 15, 2022, 12:22:52 PM

There are a lot of video cards in mining, so even manufacturers are postponing the sale of new models, because the secondary market is crowded. For video cards to be in demand, a new coin is needed, and there are no such coins yet. Ethereum mining will end and the price of other coins may fall in a bear market, then mining on video cards will be boring.

Yeah it’ll be 2015 all over again. GPU mining was so boring and unprofitable that i switched to Bitcoin ASICs because there was profits there while with GPUs there wasn’t.

There were more POW coins then, much more than today. However the miner supply and the low market cap made them a waste of time to mine prettt much. Dash was probably #1 POW coin then, however the profits weren’t that great.

Same will happen now most likely.

In 2015, asics did not have a consumption of 3 kilowatts, and they could be used at home. I even remember silent models.
But modern asics consume a lot and are noisy. They are not suitable for most miners.

3kw miner is just about right for 1 20A breaker with 1 outlet..home "minimal" miner will just manage 1 equipment.

Until the neighbors complain about the noise...

LOL, yeah, fuck them..apartment(large room type) maybe..but for houses that does not share a wall or walls, i think it is good enough.

a storage room or basement will make it quiet enough for a home occupant, unless it is almost as loud as a hammer drill, drilling through cement then yeah it is noisy.

My friend in the village has ASICs in the garage. His plot of land is more than 20 acres, but neighbors hear this noise at night. Asics are very noisy. He does not want to spend money on expensive soundproofing and ventilation. Even 5 ASICs are already a problem in a private house, you yourself will be bothered by the noise.

arielbit

legendary

Activity: 3444

Merit: 1061

Quote from: arielbit on July 14, 2022, 10:20:24 AM

Quote from: arielbit on July 14, 2022, 10:20:24 AM

There are a lot of video cards in mining, so even manufacturers are postponing the sale of new models, because the secondary market is crowded. For video cards to be in demand, a new coin is needed, and there are no such coins yet. Ethereum mining will end and the price of other coins may fall in a bear market, then mining on video cards will be boring.

Yeah it’ll be 2015 all over again. GPU mining was so boring and unprofitable that i switched to Bitcoin ASICs because there was profits there while with GPUs there wasn’t.

There were more POW coins then, much more than today. However the miner supply and the low market cap made them a waste of time to mine prettt much. Dash was probably #1 POW coin then, however the profits weren’t that great.

Same will happen now most likely.

In 2015, asics did not have a consumption of 3 kilowatts, and they could be used at home. I even remember silent models.
But modern asics consume a lot and are noisy. They are not suitable for most miners.

3kw miner is just about right for 1 20A breaker with 1 outlet..home "minimal" miner will just manage 1 equipment.

Until the neighbors complain about the noise...

LOL, yeah, fuck them..apartment(large room type) maybe..but for houses that does not share a wall or walls, i think it is good enough.

a storage room or basement will make it quiet enough for a home occupant, unless it is almost as loud as a hammer drill, drilling through cement then yeah it is noisy.

FP91G

legendary

Activity: 1834

Merit: 1136

There are a lot of video cards in mining, so even manufacturers are postponing the sale of new models, because the secondary market is crowded. For video cards to be in demand, a new coin is needed, and there are no such coins yet. Ethereum mining will end and the price of other coins may fall in a bear market, then mining on video cards will be boring.

Yeah it’ll be 2015 all over again. GPU mining was so boring and unprofitable that i switched to Bitcoin ASICs because there was profits there while with GPUs there wasn’t.

There were more POW coins then, much more than today. However the miner supply and the low market cap made them a waste of time to mine prettt much. Dash was probably #1 POW coin then, however the profits weren’t that great.

Same will happen now most likely.

In 2015, asics did not have a consumption of 3 kilowatts, and they could be used at home. I even remember silent models.
But modern asics consume a lot and are noisy. They are not suitable for most miners.

3kw miner is just about right for 1 20A breaker with 1 outlet..home "minimal" miner will just manage 1 equipment.

Until the neighbors complain about the noise...

arielbit

legendary

Activity: 3444

Merit: 1061

There are a lot of video cards in mining, so even manufacturers are postponing the sale of new models, because the secondary market is crowded. For video cards to be in demand, a new coin is needed, and there are no such coins yet. Ethereum mining will end and the price of other coins may fall in a bear market, then mining on video cards will be boring.

Yeah it’ll be 2015 all over again. GPU mining was so boring and unprofitable that i switched to Bitcoin ASICs because there was profits there while with GPUs there wasn’t.

There were more POW coins then, much more than today. However the miner supply and the low market cap made them a waste of time to mine prettt much. Dash was probably #1 POW coin then, however the profits weren’t that great.

Same will happen now most likely.

In 2015, asics did not have a consumption of 3 kilowatts, and they could be used at home. I even remember silent models.
But modern asics consume a lot and are noisy. They are not suitable for most miners.

3kw miner is just about right for 1 20A breaker with 1 outlet..home "minimal" miner will just manage 1 equipment.

FP91G

legendary

Activity: 1834

Merit: 1136

There are a lot of video cards in mining, so even manufacturers are postponing the sale of new models, because the secondary market is crowded. For video cards to be in demand, a new coin is needed, and there are no such coins yet. Ethereum mining will end and the price of other coins may fall in a bear market, then mining on video cards will be boring.

Yeah it’ll be 2015 all over again. GPU mining was so boring and unprofitable that i switched to Bitcoin ASICs because there was profits there while with GPUs there wasn’t.

There were more POW coins then, much more than today. However the miner supply and the low market cap made them a waste of time to mine prettt much. Dash was probably #1 POW coin then, however the profits weren’t that great.

Same will happen now most likely.

In 2015, asics did not have a consumption of 3 kilowatts, and they could be used at home. I even remember silent models.
But modern asics consume a lot and are noisy. They are not suitable for most miners.

Boriss

full member

Activity: 728

Merit: 115

This time it will be much worse, because people are under the impression that they will mine 2-3 years in red and then resurface in the next bull run, that will probably be the case with BTC but not with other coins, maybe one in a thousand.

adaseb

legendary

Activity: 3808

Merit: 1723