Topic: Is mining going to die soon? (Read 1843 times)
There's ZEC, XMR and more. Mining won't die. Eth is the majority. If Eth goes POS, mining will thrive still.
Mining is behind the blockchain. Mining supports the Trustlessness of Blockchain to execute the transaction or any action for that matter. It has to be there till the blockchain is. Bitcoin / Crypto dies if the mining dies.
There is lot to know about mining. There are lot of types of mining depending on proof of Work or Stake or Asset or Storage or many other type. All this is mining done to identify the correctness of Block Transaction.
There is lot to know about mining. There are lot of types of mining depending on proof of Work or Stake or Asset or Storage or many other type. All this is mining done to identify the correctness of Block Transaction.
you may think that mining isn't profitable right now but from what i noticed in the past year that mining has some downtrends and uptrends it always gets back to be profitable just in time just mine some you trust its tech and wait to gain some profit
I just started mining.. And its profitable 
I think mining wont died if its still profitable
I think mining wont died if its still profitable
mining of cryptocurrencies seems to be the big business in the decentralized framework economy so talking about mining dying soon is nothing close to reality at least for now
I do not think it will die, because there are still many new coins emerging. So do not worry .
Unless every single coin major coin makes the switch to PoS or other non PoW consensus mechanisms, I don't think mining will be going anywhere any time soon.
~ 17 280 eth mined daily, ~ 15 Million dollars daily. I think we would feel that dent.
Right now it's 210 Th/s on the eth network, and you need 34 000 rx polaris for 1 Th. Those gpus will search for a home.
How many gpus are mining shitcoins, that would be nice to know.
Nah, you need one coin to move to pos and we are out of businesses, and thats ETH which their POS is in testnet, all other coins combine doesnt have 20% of gpus that ETH have.
Unless every single coin major coin makes the switch to PoS or other non PoW consensus mechanisms, I don't think mining will be going anywhere any time soon.
~ 17 280 eth mined daily, ~ 15 Million dollars daily. I think we would feel that dent.
Right now it's 210 Th/s on the eth network, and you need 34 000 rx polaris for 1 Th. Those gpus will search for a home.
How many gpus are mining shitcoins, that would be nice to know.
No no. It still has to exist for specific types of coin.
Eh, when eth goes PoS (which might take like 2 years because they're incompetent lol) that will hurt mining more than most people realize. Ethereum, in terms of $ of coins generated on a daily basis, is an insane slice of the GPU market. There are other coins, but everyone will be jumping ship to those coins as well.
The more immediate threat it the F3 miner from bitmain. I could see that not "ending" mining but making it an ROI of .25% daily instead of the current ~1% daily. As a result I'd expect retail prices to predominate and card shortages to dissipate...but I'd also expect no discounts like we had previously back in late 2016 early 2017 on cards.
The more immediate threat it the F3 miner from bitmain. I could see that not "ending" mining but making it an ROI of .25% daily instead of the current ~1% daily. As a result I'd expect retail prices to predominate and card shortages to dissipate...but I'd also expect no discounts like we had previously back in late 2016 early 2017 on cards.
Unless every single coin major coin makes the switch to PoS or other non PoW consensus mechanisms, I don't think mining will be going anywhere any time soon.
Etherum and Lite coin is heavily on mining investments and as long as bitcoin mining is there alt coins mining will also continue
Wonder if they'll start climbing the clock tower before or after you do. hehe
Nvidia is developing a gpu for cryptomining only which means, the end of gaming gpus will end soon, my hopes is gaming gpus will only be for gaming like it was meant to.
They have already done that with a customized GTX 1060 without the an HDMI port, however many miners still wants gaming GPUs for their warranty as the said GPU have shorter warranty in then and these GPUs does not have resell value as the gaming GPUs.
From the sound of that article, they're going to give it another go. If they can make something mining specific that is way more powerful than a gaming gpu, there will be less demand for gaming gpu's in the mining world, which helps solve their current delima.
Wonder if they'll start climbing the clock tower before or after you do. hehe
Nvidia is developing a gpu for cryptomining only which means, the end of gaming gpus will end soon, my hopes is gaming gpus will only be for gaming like it was meant to.
They have already done that with a customized GTX 1060 without the an HDMI port, however many miners still wants gaming GPUs for their warranty as the said GPU have shorter warranty in then and these GPUs does not have resell value as the gaming GPUs.
I heard Nvidia is crippling their new video cards making them not good for mining
Haha imagine? Gtx 1060’s will be close to $1000 this summer
mining will always be, will never die, because, encryption is very important.
I think the people saying mining is dying are only trying to decrease their mining difficulty.
I think the price will only price up when many ppl believe and mine it. So miners should stay together to protect POW and their mining coins.
I heard Nvidia is crippling their new video cards making them not good for mining
I think the people saying mining is dying are only trying to decrease their mining difficulty.
A public company like NVIDIA with a board of directors, investors and shareholders would be stupid to get into the volatile mining industry. Especially when GPU’s are no longer their main business.
Fun fact.. if GPU mining dies tomorrow morning, and Metroid starts jumping up and down proclaiming he was right, in the time we have mined since Metroid declared the apocalypse, we have mined so many coins that we would have all lost money if we listened to him
Fun fact.. if GPU mining dies tomorrow morning, and Metroid starts jumping up and down proclaiming he was right, in the time we have mined since Metroid declared the apocalypse, we have mined so many coins that we would have all lost money if we listened to him
Jump to: