Topic: Is GPU mining really dying? - page 3. (Read 1000 times)
I participate in both staking and mining, there is no point trying to argue about which one is better, as for those saying mining is dead well you are blind, even if ETH stop mining in future GPUs will never stop working until no good PoW coins in the market
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?
Yes slowly gpu mining are phasing out, almost all recent projects only provide proof of stake, mining equipment are not cheap and in other to get good returns from your mining you must acquire high standards equipment then you talk about the high electricity bills that it's involved, gpu mining is getting obsolete, a more simpler mining i.e staking has taken over, and most staking are given good apy for no extra cost, why not.
For advertising purposes, large stores sell minimal quantities of video cards at these prices, but the chance to win is less than 0.001%
You need to follow the news from large retailers, but several times I was unlucky to win the lottery for the right to buy a video card.
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?
Yes slowly gpu mining are phasing out, almost all recent projects only provide proof of stake, mining equipment are not cheap and in other to get good returns from your mining you must acquire high standards equipment then you talk about the high electricity bills that it's involved, gpu mining is getting obsolete, a more simpler mining i.e staking has taken over, and most staking are given good apy for no extra cost, why not.
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?
Yes slowly gpu mining are phasing out, almost all recent projects only provide proof of stake, mining equipment are not cheap and in other to get good returns from your mining you must acquire high standards equipment then you talk about the high electricity bills that it's involved, gpu mining is getting obsolete, a more simpler mining i.e staking has taken over, and most staking are given good apy for no extra cost, why not.
Gpu mining is more alive than ever,just check GPU prices and availability of the high end cards,you will see that is very difficult to get a GPU at a decent price and by decent I mean a lot higher than MSRP,right now they are selling double the MSRP or even triple in some places.People are making money by mining Ethereum,Ethereum Classic,Raven and Ergo as the most mined coins right now,all with GPU-s so I don't know where do you find that info that staking is taking over as I don't see it happening anytime soon.
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?
Yes slowly gpu mining are phasing out, almost all recent projects only provide proof of stake, mining equipment are not cheap and in other to get good returns from your mining you must acquire high standards equipment then you talk about the high electricity bills that it's involved, gpu mining is getting obsolete, a more simpler mining i.e staking has taken over, and most staking are given good apy for no extra cost, why not.
in fact staking is not a form of mining and is perhaps more risky but requires a lower initial investment, in my opinion the gpu mining will continue even after eth has passed to pos, i would not disdain hard disk mining either where the living costs are practically null, gpu mining will continue at least as long as new shit coins to be mined continue to come out
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?
Staking is not mining.The staking of serious coins is very small. For example, if you are involved in staking Ethereum, then the annual profit is no more than 6%.
Mining brings more profit and less risk.
But if you participate in staking shitcoins, then these are very big risks.
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.
i am mining biased, but for staking coins/non mineable coins value can be created by development and marketing.
there are a lot more people who can't do mining or don't have the ideal circumstances these many people does have power/ a say/ can participate in the crypto space.
yeah they will pump and dump but they must have a good chunk of the supply. the worst ones are the people who can't even pump their shitcoins but have a huge bags waiting for some victims.
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.
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.
Nope I don't accept this, mining is far from dead if not GPUs won't be over their MSRP value today, bear and bull market wil always have an impact on graphic cards value as far as mineable coins exists, even if Ethereum switch to PoS algorithm in near future other coins are available, even if they aren't profitable to mine like ETH some will prefer to mine in bear market and hold
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?
For me mining is better today than it was 5 years ago.With a simple 300 Mhsh GPU rig I have I am making about 20-23 USD daily.Of course this same amount of 300 Mhsh could have produced more Ethereum back then but the price was cheaper,way cheaper at that time.Also the difficulty now is really high compared to that time but overall I am making more money by mining now that I did when I mined 5 years ago.
For me GPU mining is still long from dead and will continue to be so for some time to come.
GPU mining is meant to be the core of all PoW mining ops, reachable to all in theory. I doubt it'll end up soon, no matter if ETH is going to PoS.
As Asics are large scale miners, unsuitable to home/regular users.
As Asics are large scale miners, unsuitable to home/regular users.
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 see new PoW coins every day. This question came every month since i started in 2016 and as you see -> gpu mining is not dead.
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?
For me mining is better today than it was 5 years ago.With a simple 300 Mhsh GPU rig I have I am making about 20-23 USD daily.Of course this same amount of 300 Mhsh could have produced more Ethereum back then but the price was cheaper,way cheaper at that time.Also the difficulty now is really high compared to that time but overall I am making more money by mining now that I did when I mined 5 years ago.
For me GPU mining is still long from dead and will continue to be so for some time to come.
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?
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