Is Cryptocurrency Mining Dying? GPU vs ASIC | VoskCoin Crypto Farm | August 2018 - page 3.

CjMapope

legendary

Activity: 1820

Merit: 1092

~Full-Time Minter since 2016~

it does seem the opposite ye, everyone just pushing defense up and securing their own selves :/
it seems people are not versed in game theory, they should do some more research Tongue

theres no winner to this

i totally agree on eth everyone is so busy either panicking or expanding in w.e they can buy, noone wants to think about ETH : /
we cant save mining, Satoshi spoke of this in the beginning and all he suggested was we all "played nice as long as possible"
well that time is long gone, greed has taken over. now game theory in Nakomoto Consensus comes into play and everyone except a few will be screwed

ProgPoW is nice, but look where it went, nowhere, as theres no $$$ to be made easily there, people would rather focus their energy in things that make $$$ easily in this game

during the non digital gold rush the winners sold shovels, everyone else killed eachother and themselves trying to dig faster and faster .
this time is the same

(your easy to give merit too, as you actually bring info/opinion to this forum Tongue

)

VoskCoin

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Activity: 1414

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Quote from: CjMapope on August 02, 2018, 09:41:17 AM

GPU mining is totally dead imo. the guys happy with 1$ a day for 1080ti have massive farms or cheap power
tech evolution + big money has come in since 2017-2018
everyday users are building million dollar farms, FPGAs+ASIC are everywhere (if you still think ANY algos aren't on FPGAs, they are just being kept quiet AKA profitable)

Evolve, band together, diversify, or die. if you dont have 50+ cards+diversification in trading/asic+FPGAs, your a hobby miner, mining is for the big boys now : /

PoS is the future, we all got too greedy for PoW to work anymore
and ETH hasent even finished mining! wait till THAT happens :O GPU miners are toast

Great to see you cjmapope, also thanks for the merit several times recently Cheesy

I think ETH PoW -> PoS transition is the elephant in the room no one wants to really think about / talk about . .

I was hoping for the community to come together tighter in this period, however (to me at least) it sort of seems the opposite. Everyone wants and is looking for a savior, but will there be one? The void ETH will leave will be an incredibly massive one to fill . .

How would you save mining?

CjMapope

legendary

Activity: 1820

Merit: 1092

~Full-Time Minter since 2016~

GPU mining is totally dead imo. the guys happy with 1$ a day for 1080ti have massive farms or cheap power
tech evolution + big money has come in since 2017-2018
everyday users are building million dollar farms, FPGAs+ASIC are everywhere (if you still think ANY algos aren't on FPGAs, they are just being kept quiet AKA profitable)

Evolve, band together, diversify, or die. if you dont have 50+ cards+diversification in trading/asic+FPGAs, your a hobby miner, mining is for the big boys now : /

PoS is the future, we all got too greedy for PoW to work anymore
and ETH hasent even finished mining! wait till THAT happens :O GPU miners are toast

VoskCoin

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Activity: 1414

Merit: 487

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Quote from: adaseb on August 02, 2018, 12:22:18 AM

Its not dying, its just very unprofitable due to the competition.

Basically its like a double edged sword.

If Bitcoin and other crypos weren't popular then the price would be lower. However since they are popular alot of people discover this "free money" thing called mining and they end up increasing everyones difficulty.

the free money chasers imo are a drop in the bucket compared to the recent build outs of mining farms (fueled by greed) & ASIC producers

To make this clear I don't hate "ASIC MINING" . . simply put all of the current producers are trash -- just analyze Bitmains price gouging tactics, and then they become "good guy bitmain" after their coupon airdrop to just buy more of their junk. . .

Bad players can do bad things with a multitude of mining devices, ASICs and (partially) FPGAs are the weapons of choice -- even GPUs to some extent w/ ops. like Genesis Mining

VoskCoin

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Quote from: Marvell2 on August 02, 2018, 01:29:34 AM

Quote from: adaseb on August 02, 2018, 12:22:18 AM

Its not dying, its just very unprofitable due to the competition.

Basically its like a double edged sword.

If Bitcoin and other crypos weren't popular then the price would be lower. However since they are popular alot of people discover this "free money" thing called mining and they end up increasing everyones difficulty.

Its not people, there is so much room in crypto for ‘people ‘

its the corporations like bitmain etc that are killing profitablity so harshly, they are also the worst dumpers
of crypto too

Agreed Bitmain, and yet some people still cheer for them. Last year I was a bit naive to this part of crypto / mining --- however it was made painfully clear with the D3 and time+time again with their subsequent releases.

Is it not odd these manufacturers/miners/resellers (because theyre all of those) release similar miners in a similar time frame -- bitmain/innosilicon/asicminerco all dropping equihash ASICs within 2 months of eachother AT LARGE PRODUCTION SCALE

I use the wolf and sheep terminology a lot because I swear so many people are so blind to what is really happening.

VoskCoin

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Quote from: percy_tc on August 02, 2018, 08:49:02 AM

If mining is dying than pow coins are dying also. right?

So no, mining is not dead, not at all.

mining is in fact at its current trajectory dying for the "average miner"

Dying does not equal dead

Mining can "die" and coins still survive, whether it is with low electric farms running on very low earnings (while majority others run at a loss)

This video is just my farm update and I share my input on the current state of mining and a story to help illustrate my stance on GPU vs ASIC

VoskCoin

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Quote from: nsummy on August 02, 2018, 01:53:18 AM

Vosk, you need to familiarize yourself with Bettenridge's Law of Headlines: https://en.wikipedia.org/wiki/Betteridge%27s_law_of_headlines

"If the headline asks a question, try answering 'no'. Is This the True Face of Britain's Young? (Sensible reader: No.) Have We Found the Cure for AIDS? (No; or you wouldn't have put the question mark in.) Does This Map Provide the Key for Peace? (Probably not.) A headline with a question mark at the end means, in the vast majority of cases, that the story is tendentious or over-sold. It is often a scare story, or an attempt to elevate some run-of-the-mill piece of reporting into a national controversy and, preferably, a national panic. To a busy journalist hunting for real information a question mark means 'don't bother reading this bit'."

life is boring if you live entirely within the constructs that those before you have built Huh

Quote from: whoismoses on August 02, 2018, 08:13:15 AM

Quote from: nsummy on August 02, 2018, 01:53:18 AM

Vosk, you need to familiarize yourself with Bettenridge's Law of Headlines: https://en.wikipedia.org/wiki/Betteridge%27s_law_of_headlines

"If the headline asks a question, try answering 'no'. Is This the True Face of Britain's Young? (Sensible reader: No.) Have We Found the Cure for AIDS? (No; or you wouldn't have put the question mark in.) Does This Map Provide the Key for Peace? (Probably not.) A headline with a question mark at the end means, in the vast majority of cases, that the story is tendentious or over-sold. It is often a scare story, or an attempt to elevate some run-of-the-mill piece of reporting into a national controversy and, preferably, a national panic. To a busy journalist hunting for real information a question mark means 'don't bother reading this bit'."

I get this is a quote as I read through the wikipedia article, thanks for that... But the quote should be changed for modern times.

Quote

"If the headline asks a question, try answering 'no'. Is This the True Face of Britain's Young? (Sensible reader: No.) Have We Found the Cure for AIDS? (No; or you wouldn't have put the question mark in.) Does This Map Provide the Key for Peace? (Probably not.) A headline with a question mark at the end means, in the vast majority of cases, that the story is tendentious, over-sold or click-bait. It is often a scare story, or an attempt to elevate some run-of-the-mill piece of reporting into a national controversy and, preferably, a national panic. To a busy journalist hunting for real information a question mark means 'don't bother reading this bit'."

What is an alternative title you would have chosen for distribution on the YouTube platform?

percy_tc

full member

Activity: 584

Merit: 106

If mining is dying than pow coins are dying also. right?

So no, mining is not dead, not at all.

whoismoses

member

Activity: 247

Merit: 59

Quote from: nsummy on August 02, 2018, 01:53:18 AM

Vosk, you need to familiarize yourself with Bettenridge's Law of Headlines: https://en.wikipedia.org/wiki/Betteridge%27s_law_of_headlines

"If the headline asks a question, try answering 'no'. Is This the True Face of Britain's Young? (Sensible reader: No.) Have We Found the Cure for AIDS? (No; or you wouldn't have put the question mark in.) Does This Map Provide the Key for Peace? (Probably not.) A headline with a question mark at the end means, in the vast majority of cases, that the story is tendentious or over-sold. It is often a scare story, or an attempt to elevate some run-of-the-mill piece of reporting into a national controversy and, preferably, a national panic. To a busy journalist hunting for real information a question mark means 'don't bother reading this bit'."

I get this is a quote as I read through the wikipedia article, thanks for that... But the quote should be changed for modern times.

Quote

"If the headline asks a question, try answering 'no'. Is This the True Face of Britain's Young? (Sensible reader: No.) Have We Found the Cure for AIDS? (No; or you wouldn't have put the question mark in.) Does This Map Provide the Key for Peace? (Probably not.) A headline with a question mark at the end means, in the vast majority of cases, that the story is tendentious, over-sold or click-bait. It is often a scare story, or an attempt to elevate some run-of-the-mill piece of reporting into a national controversy and, preferably, a national panic. To a busy journalist hunting for real information a question mark means 'don't bother reading this bit'."

nsummy

full member

Activity: 1179

Merit: 131

Vosk, you need to familiarize yourself with Bettenridge's Law of Headlines: https://en.wikipedia.org/wiki/Betteridge%27s_law_of_headlines

"If the headline asks a question, try answering 'no'. Is This the True Face of Britain's Young? (Sensible reader: No.) Have We Found the Cure for AIDS? (No; or you wouldn't have put the question mark in.) Does This Map Provide the Key for Peace? (Probably not.) A headline with a question mark at the end means, in the vast majority of cases, that the story is tendentious or over-sold. It is often a scare story, or an attempt to elevate some run-of-the-mill piece of reporting into a national controversy and, preferably, a national panic. To a busy journalist hunting for real information a question mark means 'don't bother reading this bit'."

Marvell2

full member

Activity: 1148

Merit: 132

Quote from: adaseb on August 02, 2018, 12:22:18 AM

Its not dying, its just very unprofitable due to the competition.

Basically its like a double edged sword.

If Bitcoin and other crypos weren't popular then the price would be lower. However since they are popular alot of people discover this "free money" thing called mining and they end up increasing everyones difficulty.

Its not people, there is so much room in crypto for ‘people ‘

its the corporations like bitmain etc that are killing profitablity so harshly, they are also the worst dumpers
of crypto too

adaseb

legendary

Activity: 3808

Merit: 1723

Its not dying, its just very unprofitable due to the competition.

Basically its like a double edged sword.

If Bitcoin and other crypos weren't popular then the price would be lower. However since they are popular alot of people discover this "free money" thing called mining and they end up increasing everyones difficulty.

VoskCoin

sr. member

Activity: 1414

Merit: 487

YouTube.com/VoskCoin

Is cryptocurrency mining dying? While cryptocurrency remains in a bear market, the profitability of crypto mining continues to decrease. Bitmain has sold over ten ASIC miners in 2018 and only a few models currently create a profit above one dollar a day factoring the average US electric rate of 12c / kWh.

Today VoskCoin reviews his mining farm and how it has changed dramatically over the course of the last year, just last year with 30,000 sols the VoskCoin mining farm was earning 1 Zcash every 2 days in comparison to today that would take more than 10 days AND ZCASH IS WORTH LESS NOW?!

https://youtu.be/7f8Dx2UaIvY

Nvidia GTX 1080 TI remains a top mining GPU - http://geni.us/jVL9Y
AMD Rx570 continue to be a top mining GPU - http://geni.us/f3Sz8

VoskCoin August 2017 30,000 Sol ZEC Mining Farm Update https://youtu.be/wUoSfvNPQiE

Coinbase is planning to add Ethereum Classic - http://bit.ly/2OB6ZOw
Bitmain Antminer L3+ worthless* on eBay - https://ebay.to/2vaM6S1
Bitmain Antminer Official Online Shop - http://bit.ly/2OdEzK8
What To Mine ASIC Mining Profit Calculator - http://bit.ly/2v91yyf

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Topic: Is Cryptocurrency Mining Dying? GPU vs ASIC | VoskCoin Crypto Farm | August 2018 - page 3. (Read 1840 times)