Topic: Is it official that GPU mining is guaranteed to be irrelevant in 2 to 3 years? - page 2. (Read 1370 times)

Who's the troll. Come on Metroid - be honest with yourself... Who's the troll?

Is it the miners here trying to help each other, or the guy who knows a guy and is spreading FUD? Hmmm, who could it be?

You trolls could always ask for sapphire, gigabyte or asus their rma stats of 2018 then you will get your answer.

I've been running 100 gpus since jan 2017 and have have only a handful fail maybe 5 at the most.  I've replace fans but a actual GPU breaking becoming useless is very rare.

If his friend is breaking 60 out of 300 gpus something is very wrong.  Hell I had gpus running for 4 years before I turned them off. 

Holy Sh*t. Do Something else. I mean really - that is the worst results I've ever heard of - Holy bad luck stories.

BTW - those results aren't happening to anyone else - just your "friend" - While this article is old, it shows the constant improvement in GPU life up to 2014. Go to Discord, Reddit or even here - no intelligent miner would tolerate 30% failure rates with non-warrenteed GPUs. What ever you and your friend are doing to buy GPUs - it's a dumb-ass move.
https://www.pugetsystems.com/labs/articles/Video-Card-Failure-Rates-by-Generation-563/

30% failure rate points to buying shitty GPUs from an unreliable provider. Who would do that? What are you doing, ordering no name GPUs from China to save a dollar? Your "Pro-Miner" friend isn't much of business man if he keeps buying the same crap over and over. Speaking of China, your story has more red flags in it than the Beijing Olympics.

Of the few (30+) GPUs I've bought, 2 where DOA and EVGA replaced them both without question - great customer service. Most resellers have 1 to 3 year warranties. https://www.evga.com/warranty/graphics-cards/ So again - you are tolling information that is just wrong. And I truley mean this - I am sorry for your loss, but you should do something else than mining. You are not up to the task.

Bottom line: Miners are still making money. And GPUs are going to be here for the foreseeable future.

Maybe your friend is an idiot and drools over gpus without noticing, I could see that.

It seems you are a lottery winner, my friend which had a farm with 300 gpu's had around 60 gpus to fail in the first 180 days and around 40 gpus more to fail in the next 180 days, around 100 gpus out of 300, 33% in a year. All new retail gpus, warranty was only 30 days. A pro miner, now imagine those new trolls mining and thinking they will get rich fast ehhe and few days after they need to send their gpu to warranty and most will hear, "sorry bro, warranty does not cover mining" hehe

I really mean you are a lottery winner, you know that around 15% of gpus fail in the next 3 months after purchase, gaming on it. Now imagine mining 24/7, the card was never meant to do that, ask sapphire for the stats you will know if I'm right or not, reason they stopped honouring warranty if they find out it was used for mining. As far as I know around 60% of gpus returned to sapphire was used on mining and failed in the first 6 months in 2018.

Different paths for different miners. I run a small 30+ GPU home farm for the past two years. I've made all my investment back and then some. Last year was really good to me. It's been work, but not that hard and yes Very profitable.


You're accounting and business skills are dazzling. I hope you aren't in business for the sake of those around you. BTW of my 30+ GPUs, not one has failed yet. Sometimes it isn't the equipment, sometimes it's PEBCAK.


Ah Metroid, Metroid, Metroid.... Your stats of 80%... could be right, could be wrong - you are just throwing out BS without support. And that makes YOU the troll.

It was only paid off if you sold at the right time and nothing had gone wrong. The same card that was paid off had another card which broke and then the same card will have to roi for 2 gpus, now imagine if it was 3 gpus that broke, 1 had to pay for 3 or even more, most of the world had no 3 years warranty, most like 15 days warranty hehe, and now officially no warranty at all if gaming gpus were used on mining. Those are things that you trolls fail to see. To me any calculation you trolls do is wrong, most of those gpus used on mining, I'd say 80% of all gpus used on mining were never paid off and to this day are still not and will never be. It's a failed crusade.

Hate to say it...
But I agree with King_of_Shitcoins.

Right now, based on the current market, GPU mining is taking 2 to 3 years to pay back on New investment. While that isn't very good, if you believe that coin prices are headed higher, it could become much better. Right now you are looking at around 20% cash flow returns on new investment into mining (this is a bit low historically speaking). Yet, if you see prices going higher, and your mining strategies are correct, you could see 50% to 70% flows on New investment. Last 12 months for me have been out standing, right strategies at the right time - north of 100% returns on a mid size home farm. And that was in a year where a lot of people were talking like Piskeante - negative, very negative.

The argument about shifting GPU's from one coin to another isn't likely to be issue due to the aging out of those GPUs - they won't be mining GRIN or BEAM or RVN or half the other coins out there. But new GPUs and FPGA will keep some pressure on Alt-coins as more and more miners come to the market seeking their share of the returns - but this is a good thing for Crypto in the long run as it builds a deeper community.  

So yeah, the hay days of 2017 are gone, but new opportunity is here. This is just the beginning of a new asset class, a new industry. Lots of changes and volatility but lots of opportunity too.

But that's me - you do you and good luck not mining too.

Only thing mining eth are AMD and they are not good for much else maybe xmr if you have a newer card, most of eth hashing power will not move it will get turned off.  My few AMD cards will be turned off if not sold soon, 3 years old and paid off many times over.

As i said, GPU mining will be irrelevant, probably next year.

Go to page 1 and read my comment there.

Now, Just to give you some tips. Only 6.000GH/ in the network ETC hashrate can make the coin profitable or unprofitable. A friend of mine is mining with 10 gpus at 278mh/s ETC. If the hashrate gets to 15.000GH/s, the profit goes to 0. literally 0.

When ETH goes POS, there are at least 150.000GH looking for a new "home". So you can pretty much predict that once ETH goes PoS, ETC will die aswell. We are not even talking about getting little profit. You´ll lose hundreds of $ in electricity for what you receive. Unless ETC gets it's value x30 (which i can tell you, it will not happen).

All minable coins will get their profit destroyed the next day ETH goes PoS, so GPU mining will die? probably not. What will die is your profit. You will still be able to mine ETC, but at a loss. Or Monero, at a loss. Or even Ravencoin, at a loss. Any profitable coin will die the next day.

Now, have you read about Bitmain? It's going to increase 50% their current hashrate. They are building new chips to mine Bitcoin, 50TH/s each. they are building 600K chips. So, small BTC miners.....you know what that means. You can count with the fingers of 1 hand how many coins are still ASIC resistant and profitable to mine. Probably you´ll end up not needing 2 or 3 fingers of that hand to count them. and those will get REKT the next day of ETH PoS. Is this looking good? no, it isn't. It's a f*cking disaster let's be clear.

i don't see future on this. And investing into mining is the dumbest thing you can do right now (unless you invest into solar power) which....BTW, will not save your problem since the hashrate of all left coins will be so big you´ll not be on profit even on solar power. So...the thing looks so terrible, that you may not be on profit even investing on solar power because the hashrate of the mineable coins will skyrocket. If there is no increase in value, well...you know....that's game over for the vast majority of miners.

Ohh BTW, someone said that nowadays a lot of coins are appearing and that they are mineable. That's false. brutally FALSE. There are not appearing mineable coins. And there are no future project (to my knowledge) planned to release one. So....We have what we have, and no good news on new mineable coins

they said that it would be 2-3 years ago


time will tell

For me, the future of GPU mining depends on the market conditions, after all these cards do require quite a bit of power when mining crypto and you need to cover the electric bill. There is a GPU accelerator that is soon to enter the market that may make the efficiency of certain GPU’s better.

There will be a big demand for GPU power in the crypto field for years to come, whether you can make a dime providing it, remains to be seen. Let’s hope so!

I don't think that GPU mining will die, at least not until alt coins die. Ethereum is just one of MANY alt coins that people currently mine with their GPUs.

But I do agree with some answers from this post, for example that cheap electricity is a number one prerequisite for profitable mining.

No it is not official.  2-3 years in crypto  is really long.  The correct answer to your question is maybe.

It depends on your electricity rate.

This is completely untrue. First of all most coins that are released on the market are usually ICOs and POS coins. They aren't mineable POW coins. Rarely do we get a pure no-premine coin released these days unlike we did in 2015 on a daily basis.

Also when ETH goes POS, where do you think all those GPUs will go? They won't disappear. They will start mining other coins and make it unprofitable for everybody. This is why Satoshi introduced difficulty to mining. So the block time stays the same but the hashrate can go up undefinately.

Many new coins are constantly appearing that support different mining algorithms and they allow you to mine them using the GPU. Even when Ethereum switches to PoS, there will remain many coins that can be mining and making a profit. I think for several years GPU mining will be a relevant and profitable business.

2 years ROI? How much the electricity cost on your place? Building up a solar panel set-up is somehow feasible but do add up on the expense which means ROI would be more longer.

It would be much better to buy a coin then hold up for long.Less hassle and worry free but if you do like to explore up things then its your choice.

Impossible to predict yes.
Look at all of the algo's now, so many in comparison to a few short years ago, miners are stubborn, I don't think we will ever stop. US Dollar isnt worth much, and with the way technology is moving.....