Topic: Is mining going to die soon? - page 4. (Read 1843 times)
Gpu mining died in 2012 and again in 2013 yet we grasp the last bit of cryptos with all we have it really doesn't matter how many times gpu mining dies as long as there are devs and miners we do what we do.
With this current price, mining still not profitable if you pay electricity at @$0.1/kWh
so, i have a plan to hold coin until market recovery.
If not, maybe i decide to surrender
so, i have a plan to hold coin until market recovery.
If not, maybe i decide to surrender
How can you say that? Even here, paying 0.33USD per KWH im making more in profits than im paying for power - Show me any kind of business that can run on profit margins like that, to be realistic you should not really expect more than 20-30% off your total income as profits after you have paid your expenses, anything above that is MORE than good from a investment perspective.
How soon will you take into consideration OP? not just because this coin will convert into PoS means that every coins will turn as well, there's still profitable coin that will show up and mining will continue not unless the whole industry will declared that they will stop the chain, I still believe that
it wont affect the entire industry if Eth will turn to PoS another project will step up just like what Zcash for example and those coins that's still works
with mining algo..
it wont affect the entire industry if Eth will turn to PoS another project will step up just like what Zcash for example and those coins that's still works
with mining algo..
Well As long there;s a cryptocurrency Mining cant be die so dont be afraid on that someone will do and think a solution about it. Patience And observation is the key trust Cryptocurrency Trust People who want to share knowledge to get all of us a profit. while thinking about mining will die try to invest and save money.
With this current price, mining still not profitable if you pay electricity at @$0.1/kWh
so, i have a plan to hold coin until market recovery.
If not, maybe i decide to surrender
It depend on the people on how they will handle mining. Lets say, it is hard for mining to die because their are many people who are still doing this. They are still holding their coins because of this lower price. But mining will be last long, I guess because helping people is the gosl of mining, so it is really impossible that mining will die. so, i have a plan to hold coin until market recovery.
If not, maybe i decide to surrender
There will always be new coins to mine so I don't think gpu will ever die. Asic's are so specialized, they seem to go obsolete pretty quickly.
Everyone keeps asking the same shit again I've been mining for 4 years and every time the markets start to go down all you here is mining is going to die well I'll be here mining till the shit is dead or I'm dead see most ppl don't get it a lot of us are here because we love crypto and what it stands for not the money that's just a bonus also ETH is just one coin out of well I can't count them all
I still profit after calculated electricity bill and still save my profit in the wallet. still can buy GPU 2 pieces/month. profit or no depending your financial Management .when to sell coins, when to hold the coin. and when to switch coins manually. and depending on your management maintenance Rig. Good management of maintenance very influences to your profit.
I don't think it will die we have more new altcoin every day for mining.
With this current price, mining still not profitable if you pay electricity at @$0.1/kWh
so, i have a plan to hold coin until market recovery.
If not, maybe i decide to surrender
so, i have a plan to hold coin until market recovery.
If not, maybe i decide to surrender
Everyone keeps asking the same shit again I've been mining for 4 years and every time the markets start to go down all you here is mining is going to die well I'll be here mining till the shit is dead or I'm dead see most ppl don't get it a lot of us are here because we love crypto and what it stands for not the money that's just a bonus also ETH is just one coin out of well I can't count them all
Haha yes it's like deja vu every single time ...
These days are difficult for mining, like in the 2017 begining.
But mining can reborn later.
These days are difficult for mining, like in the 2017 begining.
But mining can reborn later.
Current market trends more closely mirror of 2014 than 2017. New year price spike followed by a long decline until flattening out the next year. I hope we're not in for a two year crytpo-depression.
I was lucky to buy in July 2015, at the bottom the previous market cycle.
I don't mean die completely but with ETH announcing moving to POS
and am sure we have seen some new coins go along with fully POS or POS/MN without any POW
we might start to see some shift in the crypto space where people start to move away from POW gradually
What do you guys think?
Those who are long time invested heavily in mining farm, are you planning on sclaing up or down on operations as far as adding more rigs or selling off gradually?
Those about to enter the mining business, are you still going to do it or will you step back and watch what is going on for now?
Please pour in your thoughts
Thanks
and am sure we have seen some new coins go along with fully POS or POS/MN without any POW
we might start to see some shift in the crypto space where people start to move away from POW gradually
What do you guys think?
Those who are long time invested heavily in mining farm, are you planning on sclaing up or down on operations as far as adding more rigs or selling off gradually?
Those about to enter the mining business, are you still going to do it or will you step back and watch what is going on for now?
Please pour in your thoughts
Thanks
Yes it will die completely. Delete your account now and start investing in baseball cards and Beanie Babies. Really no surprise that someone asking this idiotic question is part of a signature campaign for a masternode scam coin. If you use "Deviantcoin" as your reference, then yes, there are plenty of new coins that are going directly to to POS/Masternode and skipping POW all together. This is better known as a get rich quick scheme for the dev.
so imagine an ASIC for those? that is not even close for GPU
ASIC for those makes no sense, algorithms like dagger-hashimoto and cryptonight are 99% random memory access bound. You know what they call a memory IO ASIC? RAM. You're already using it.
ASIC's can make computation quicker and more efficient but all modern cards already have way too much processing power for these algorithms anyway.
Everyone keeps asking the same shit again I've been mining for 4 years and every time the markets start to go down all you here is mining is going to die well I'll be here mining till the shit is dead or I'm dead see most ppl don't get it a lot of us are here because we love crypto and what it stands for not the money that's just a bonus also ETH is just one coin out of well I can't count them all
preach brother. i didnt throw a small fortuen at this game for quick gains. long term hodl and the enjoyment of troubleshooting and rig building.
Everyone keeps asking the same shit again I've been mining for 4 years and every time the markets start to go down all you here is mining is going to die well I'll be here mining till the shit is dead or I'm dead see most ppl don't get it a lot of us are here because we love crypto and what it stands for not the money that's just a bonus also ETH is just one coin out of well I can't count them all
No mining is not going to die or I will be mining by myself. It is still profitable now but thoughts need be focused on hodl and not even much unnecessary trading as the exchange fees may hurt more.
Same I'm not gonna stop because the coins drop in price mining is a hobby for most and if your coming into mining thinking your gonna make Millions then mining is not for you but you may but don't expect it to happen because it turns into a risk at some point.... I've been seeing mining is gonna die for years and it hasn't yet .
No mining is not going to die or I will be mining by myself. It is still profitable now but thoughts need be focused on hodl and not even much unnecessary trading as the exchange fees may hurt more.
So this is all going to go away once proof of stake comes along. With proof of stake, you don’t actually solve any puzzles. You remove the puzzle solving element from the system and thus change the way the reward is distributed. So instead of proving how fast you can calculate with hashrate, you need to prove how much Ethereum you own. You do this with something called a master node. When you create a master node, you have to lock up a certain amount of Ethereum to prove that you have it and rewards are distributed according to how much proof of stake you have. One can create multiple master nodes with a lot of Ethereum inside and you’ll earn more through this method.
what is this Master Node how it work i cant understand any thing
what is this Master Node how it work i cant understand any thing
Yes, on the 16th October 2020 at 01.23 it will all end.
1. Ethereum is not synonymous with the entire gpu mining ecosystem, it is just one of hundreds of coins.
2. ETH devs cant even get PoS working on their test net. You *might* see it by 2019 at this rate, but even then its just a hybrid system that is 10% PoS and 90% PoW still.
3. ETH, ZEC, and many other GPU algos are asic resistant. They are specifically built to not work with ASICs, and devs have come out saying they will change the algo if someone does figure out how to make an ASIC so its not even a concern.
4. ASICs can mine a single algo, but not a single coin. Theres a good dozen coins a sha256 miner can mine.
5. Dont invest any money into mining that you cannot afford to lose. Mining takes a large investment to properly get started. You shouldnt be mining and exchanging all of your coins, you should be mining and hodling as much crypto as possible. This is not a short month to month profit game, this is a long term slow play kind of thing if you want to make any real money.
2. ETH devs cant even get PoS working on their test net. You *might* see it by 2019 at this rate, but even then its just a hybrid system that is 10% PoS and 90% PoW still.
3. ETH, ZEC, and many other GPU algos are asic resistant. They are specifically built to not work with ASICs, and devs have come out saying they will change the algo if someone does figure out how to make an ASIC so its not even a concern.
4. ASICs can mine a single algo, but not a single coin. Theres a good dozen coins a sha256 miner can mine.
5. Dont invest any money into mining that you cannot afford to lose. Mining takes a large investment to properly get started. You shouldnt be mining and exchanging all of your coins, you should be mining and hodling as much crypto as possible. This is not a short month to month profit game, this is a long term slow play kind of thing if you want to make any real money.
^^^everyone read this carefully.
also, I had no idea eth wasn't moving to 100% pos. can you show me where you saw that? it seems like there's no point to making a change like that, why not just keep it 100% pow?
https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ
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