Is GPU mining really dying? - page 2.

Metroid

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Quote from: FP91G on November 25, 2021, 11:16:46 AM

Quote from: swogerino on November 25, 2021, 02:16:52 AM

As long as Eth mining will continue meaning as long as Eth will not go Pos,GPU mining is not going to die,in fact the prices of GPU-s if you check local or international marketplaces are really high.However in this time when the difficulty of mining Eth is 11.5 P and a 500 Mhsh rig can just do like 30-35 dollars a day is not what it used to be and the profit is slowly going down day by day although it still remains the most profitable coin to mine.

I personally do not believe much in PoS as it has already been said here what is the value behind that,I don't see any real value and you need a large amount of ETH to be staked in order to have a saying how the coin will develop further.I will just keep mining the hell out of Eth and if it ever goes PoS there is RVN,ERGO and ETC as the next best thing to mine so GPU mining can be considered far from dead.

Last time I counted, Ethereum mining had 60 times more GPUs than RVN mining. The situation is similar for other coins. If 1/3 of the Ethereum equipment will mine other coins, then the profit there will be minimal, like in 2019.
What will the other 2/3 video cards do?

You have to be very careful here, people don't like to hear the truth.

FP91G

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Quote from: swogerino on November 25, 2021, 02:16:52 AM

As long as Eth mining will continue meaning as long as Eth will not go Pos,GPU mining is not going to die,in fact the prices of GPU-s if you check local or international marketplaces are really high.However in this time when the difficulty of mining Eth is 11.5 P and a 500 Mhsh rig can just do like 30-35 dollars a day is not what it used to be and the profit is slowly going down day by day although it still remains the most profitable coin to mine.

I personally do not believe much in PoS as it has already been said here what is the value behind that,I don't see any real value and you need a large amount of ETH to be staked in order to have a saying how the coin will develop further.I will just keep mining the hell out of Eth and if it ever goes PoS there is RVN,ERGO and ETC as the next best thing to mine so GPU mining can be considered far from dead.

Last time I counted, Ethereum mining had 60 times more GPUs than RVN mining. The situation is similar for other coins. If 1/3 of the Ethereum equipment will mine other coins, then the profit there will be minimal, like in 2019.
What will the other 2/3 video cards do?

Branko

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Not dying, but it also became boring and big players playing field, mostly

swogerino

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As long as Eth mining will continue meaning as long as Eth will not go Pos,GPU mining is not going to die,in fact the prices of GPU-s if you check local or international marketplaces are really high.However in this time when the difficulty of mining Eth is 11.5 P and a 500 Mhsh rig can just do like 30-35 dollars a day is not what it used to be and the profit is slowly going down day by day although it still remains the most profitable coin to mine.

I personally do not believe much in PoS as it has already been said here what is the value behind that,I don't see any real value and you need a large amount of ETH to be staked in order to have a saying how the coin will develop further.I will just keep mining the hell out of Eth and if it ever goes PoS there is RVN,ERGO and ETC as the next best thing to mine so GPU mining can be considered far from dead.

Boov

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Quote from: Bitbtc8 on November 02, 2021, 02:13:07 AM

What do you think about staking rewards Vs mining rewards? With the looks of things presently I fear that GPU mining is dying cos look around you how many new projects are adopting PoW algorithm? Mining 5 years ago was better than mining today, every new projects are talking about APY returns and staking only, what do you think? Wrong or not?

I don't think these PoW algorithm will prosper same as gpu mining, though it sounds good to know that they're doing good because it doesn't cost a lot of energy. That would do something bad at your device like mobile hardware of computer's internal components because it might shorten it's lifespan. We can't further say wrong or right here, but for my best opinion I would still remain in favor of gpu mining rather than other new ways and I'm confident that it won't die as long sustainable returns will continue to progress.

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Quote from: Metroid on November 10, 2021, 07:22:47 PM

Quote from: iRonNuke on November 10, 2021, 06:07:51 AM

I'm a miner that stakes some coins like Cardano, Cosmos and Tezos. But the return of staking is VERY low, atleast for me. I calculated if I will invest $5000 into for example Cardano. I will get right now, 21834 ADA (price $2.24). I stake those at 4.91% in Exodus. I will get 1091 ADA ($2445) a year. It will take 20 YEARS to ROI

My mining rigs have ROIed like 5-7 times since 2017-2019. But that's mainly to the price increase, of course.

ETH going pos will not be any different however most of eth will or was created on pow so it has a lot more chance to survive than the other pos coins. POS coins are like stocks, value from nothing, pyramid scheme. Stocks are also proof of stake hehe but for that to work sheeps have to keep buying in order to increase a value from nothing hehe, reason I never invested on stocks or POS.

Ethereum will be relevant on any algorithm due to the large number of projects it serves.
The algorithm change was planned at the very beginning, but the miners were given the opportunity to mine some coins.
When investing, it is now better for the project to have a POS algorithm, against the background of green energy, global warming, etc.

iRonNuke

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Quote from: Metroid on November 11, 2021, 04:44:20 AM

That is what scammers have been doing since 2010, create new coins from thin air then market them and then dump them prior bullrun ends, repeat next cycle. The coins you mentioned I remember them in 2018, I have not heard about them this cycle around.

Yes apperantly there is some scam coins, and others just fails. But Zclassic I was chocked about, it had a ATH value about $200 back in 2018, then it just dumped all the way to the bottom. I mined a lot of them with my ASIC Bitmain Z9 Mini, it was the most profitable to mine on it, never ROIed because of that Cheesy

Also SnowGem, I really liked it, had a nice wallet and webpage. One day when I checked CoinMarketCap it was just gone Tongue

Metroid

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Quote from: iRonNuke on November 11, 2021, 03:58:03 AM

But, I agree, a PoW coin SHOULD have a more value because it's some work done that isn't for free. But that's no guarantee ofcourse, I have mined ZCL in 2018 and they are almost GONE. Some other coin like SnowGem also, GONE. Cheesy

That is what scammers have been doing since 2010, create new coins from thin air then market them and then dump them prior bullrun ends, repeat next cycle. The coins you mentioned I remember them in 2018, I have not heard about them this cycle around.

adamantasaurus

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I mean I really think POW will eventually become a thing of the past just like dvd outdid vhs and streaming outdid dvd. POS is the next step in the evolution of crypto and people will eventually realize that it is old and slow tech. Look at how slow the tx are on POW chains (with a lot of users) vs POS chains. The future is obvious and these projects need to evolve or get left behing.

iRonNuke

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Quote from: Metroid on November 10, 2021, 07:22:47 PM

Quote from: iRonNuke on November 10, 2021, 06:07:51 AM

I'm a miner that stakes some coins like Cardano, Cosmos and Tezos. But the return of staking is VERY low, atleast for me. I calculated if I will invest $5000 into for example Cardano. I will get right now, 21834 ADA (price $2.24). I stake those at 4.91% in Exodus. I will get 1091 ADA ($2445) a year. It will take 20 YEARS to ROI

My mining rigs have ROIed like 5-7 times since 2017-2019. But that's mainly to the price increase, of course.

ETH going pos will not be any different however most of eth will or was created on pow so it has a lot more chance to survive than the other pos coins. POS coins are like stocks, value from nothing, pyramid scheme. Stocks are also proof of stake hehe but for that to work sheeps have to keep buying in order to increase a value from nothing hehe, reason I never invested on stocks or POS.

Either stocks or PoS coins are made of thin air. They also have a underlying value in a way or another. BUT the value can be highly overpriced, when for example a horde buys massively. But that's with everything, look at some Meme-coins

But, I agree, a PoW coin SHOULD have a more value because it's some work done that isn't for free. But that's no guarantee ofcourse, I have mined ZCL in 2018 and they are almost GONE. Some other coin like SnowGem also, GONE. Cheesy

Metroid

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Quote from: iRonNuke on November 10, 2021, 06:07:51 AM

I'm a miner that stakes some coins like Cardano, Cosmos and Tezos. But the return of staking is VERY low, atleast for me. I calculated if I will invest $5000 into for example Cardano. I will get right now, 21834 ADA (price $2.24). I stake those at 4.91% in Exodus. I will get 1091 ADA ($2445) a year. It will take 20 YEARS to ROI

My mining rigs have ROIed like 5-7 times since 2017-2019. But that's mainly to the price increase, of course.

ETH going pos will not be any different however most of eth will or was created on pow so it has a lot more chance to survive than the other pos coins. POS coins are like stocks, value from nothing, pyramid scheme. Stocks are also proof of stake hehe but for that to work sheeps have to keep buying in order to increase a value from nothing hehe, reason I never invested on stocks or POS.

mu_enrico

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It's just a boom and bust cycle, right now is the peak boom IMO. Wait until ETH goes POS 100% and we will see a bust. And then some smart guy will devise another brand new ASIC-resistant algo with new sexy coins. And the cycle will start again. More tokens and POS coins nowadays (compared to POW) are just because no new popular hashing algo.

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Quote from: poby on November 09, 2021, 03:22:19 PM

Quote from: batsonxl on November 07, 2021, 11:36:20 AM

I dont think AMD and Nvidia will allow to pow die

do you think they dont count money? Miners are most profitable customers in GPU industry and all GPU history. They did fortune on miners

))) i dont think they will let go valuble customers like miners. Gamers yes but they not profitable as miners so dont worry guys we are valubale customers

1. Nvidia do not want miners buying their cards! Why do you think they started making cards only LHR?
2. There is nothing Nvidia or AMD can do to stop POW even if they wanted to (but actually they don't. See point 1)

Nvidia video cards have a hashrate reduction only for the algorithm for mining Ethereum and Ethereum classic and several other coins on a similar algorithm. The Ergo coin is mined with a slight decrease in hashrate.
In other cases, these video cards are not limited.
I think Nvidia has a backup plan to quickly deactivate the LHR.

iRonNuke

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I'm a miner that stakes some coins like Cardano, Cosmos and Tezos. But the return of staking is VERY low, atleast for me. I calculated if I will invest $5000 into for example Cardano. I will get right now, 21834 ADA (price $2.24). I stake those at 4.91% in Exodus. I will get 1091 ADA ($2445) a year. It will take 20 YEARS to ROI

My mining rigs have ROIed like 5-7 times since 2017-2019. But that's mainly to the price increase, of course.

poby

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Quote from: batsonxl on November 07, 2021, 11:36:20 AM

I dont think AMD and Nvidia will allow to pow die

do you think they dont count money? Miners are most profitable customers in GPU industry and all GPU history. They did fortune on miners

))) i dont think they will let go valuble customers like miners. Gamers yes but they not profitable as miners so dont worry guys we are valubale customers

1. Nvidia do not want miners buying their cards! Why do you think they started making cards only LHR?
2. There is nothing Nvidia or AMD can do to stop POW even if they wanted to (but actually they don't. See point 1)

batsonxl

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I dont think AMD and Nvidia will allow to pow die

do you think they dont count money? Miners are most profitable customers in GPU industry and all GPU history. They did fortune on miners

))) i dont think they will let go valuble customers like miners. Gamers yes but they not profitable as miners so dont worry guys we are valubale customers

FP91G

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Quote from: FloridaKid on November 06, 2021, 12:59:53 AM

PoW algorithm keeps coins alive once the bull run is over but in bear market it's bad to stake coins for good returns, people don't actually get it that PoW is better than PoS in every ways, this is why I think ETH will suffer if they abandon PoW algorithm

For miners, of course, the POW algorithm is better, but you need to understand that miners are maintenance personnel for the network who receive money for their work.
If we look at the hash rate of two pools, and we see that this is more than 50% of the total network hash rate, then this is also crap.
https://miningpoolstats.stream/ethereum
I am against this algorithm..

FloridaKid

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PoW algorithm keeps coins alive once the bull run is over but in bear market it's bad to stake coins for good returns, people don't actually get it that PoW is better than PoS in every ways, this is why I think ETH will suffer if they abandon PoW algorithm

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Quote from: Metroid on November 02, 2021, 11:25:04 PM

Quote from: Bitcoin_Arena on November 02, 2021, 02:12:12 PM

You are probably focusing on the POS coins that are being hyped right now like the Solanas, Polkadots, Lunas etc so there is a feeling that POW is missing a big share of the hype, but It doesn't mean GPU mining is dying. New coins that can be mined by GPUs today and seem less profitable could be of so much value tomorrow. I think being among the early miners of the coin and patience is part of the game.

It's funny, those pos, defi, or any other token coins I see no value in them, long term all scams and yet look what scammers have done to them, gave those coins value so sheeps can go into a huge parabolic pyramid scheme and then they will simply rugpull them, one by one will simply disappear, scammers know they need to create new coins and then hype them in order for them to earn 1000x, so reason 99% of new coins die once the bullrun is done for, many new coins already lost 99.99% of value and simply died, many more coming once this is over. See defi, pos, tokens from nothing will never be like pow coins, pow coins used value to exist, all others used nothing but hype to exist, long term is only pow, anything else is just scam concerning real value.

metroid is spot on.

To all pos = piece of shit

FP91G

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The author of the topic is a big troll.
https://etherscan.io/chart/hashrate
It's funny to talk about the death of mining at the top of the mining hype.
I saw different hash rate predictions, but no one expected such indicators.
Soon there will be 3 times more video cards than on the mining hype in 2018.

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