Mining Profitability ASIC vs GPU | Bitcointalksearch.org

markiz73

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Quote from: Mohondoa on June 18, 2018, 08:50:12 PM

I believe that ASIC mining is more profitable than GPU for now. But if most of the coins become ASIC resistance at the end , where we will sell the ASIC we have used ? which we know that ASIC price is expensive, so i think at the end GPU more profitable, stay waiting time.

Let's go back to the beginning of creating a crypto currency. The main principle was the decentralization of the system. Ie every person could support the network on his computer and get a reward for it. The creation of the asics killed all the principles of decentralization. Now the market is owned by 5-10 largest companies.

Now about the GPU. All the mining of the GPU is still developing thanks to the Ethereum. ETH is mining 10 to 12 million video cards (roughly). If the reward for the block falls to 0.6 ETH for the miners and the asics are released to the market, this will completely kill the GPU mining. Miners will go on other algorithms and profit will reduce to the 0.

Therefore, asics is a threat number 2 for the GPU of mining, the threat number 1 is the transition of ETH to the POS mining

Mohondoa

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I believe that ASIC mining is more profitable than GPU for now. But if most of the coins become ASIC resistance at the end , where we will sell the ASIC we have used ? which we know that ASIC price is expensive, so i think at the end GPU more profitable, stay waiting time.

ciciteng

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Well it's really depend on the current difficulty.
Having ASIC not really guarantee your profitability. The facts are; your ASIC batches will really increase the difficulty.
So, there are misconception calculator for new miner somehow.
Having GPU also at risk now days. The high profit for GPU also already long gone.

markiz73

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At the current cost of bitcoin and the complexity of mining, many companies will leave the market. I have contracts in cloud-mining services, where nothing is paid, somewhere a profit of $ 0.1 from 1 Tx per day

but we expect another halving of the award for the block in 2020, then another one in 4 years. The price should grow, otherwise large companies will start serious problems.

tonyosa

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Mining difficulty for bitcoin has increased with about 15 percent is last two weeks and bitcoin price has plunged.It makes bitcoin mining currently unattractive even with ASIC miners.It seem to be better to buy from the market

markiz73

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Quote from: ?? on ??

Quote from: markiz73 on June 08, 2018, 12:47:39 PM

Asic is a piece of iron. It is expensive, on the secondary market is not in demand. As a rule, it's very dinny and consumes electricity. The profit falls very quickly, only those customers who will receive the first are the winners + problems with the guarantee.

The GPU has fewer problems and can be sold in the secondary market

The GPU is toast after a year of mining and NOBODY WILL WANT IT.

Gonna be a flood of used miner cards on ebay - people will soon learn they aren't worth shit for reliability! Any hardcore PC gamer knows gfx cards have a usage life depending on how hard you push em much like a car! cars with high miles = worth jack shit.

With gfx tech increasing rapidly right now fueld by crypto, you can bet that 1080/vega or whatever will be worth $60 in a year (+ shipping and ebay/paypal fees) so the resale price point doesn;t mean much.

I'd much rather have twice the production per unit of time/energy/$$ because lets be honet right now its about who can most the most the fastest speculating on a future price increase and known diffcullty scaling.

TLDR:

The asic miners blow gfx cards out of the water no doubt about it.

And this news of secret asic miners taking HUGE chunks of monero, zcash, etc, WTF?? crypto for the hobby gfx card miner is dead most just don't realize it (which fuels the at home gfx card hobby miner market).

Dear friend. In any business, you need to make investments in time and get out in time

I was very lucky, I invested at the right time. I'm against buying a video card on ebay or other international stores. Video cards purchased in the stores of the home city have a 3-year warranty (you can make 5 for a fee) and they are perfectly sold in the secondary market. 10% of my video cards were put under warranty because of breakdowns. There were no problems. The funny thing is that according to Russian laws the seller is obliged to issue a substitution for the period of repair of the video card. And while the seller was solving warranty issues, I mined on his video cards

electronicash

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Quote from: ?? on ??

Quote from: markiz73 on June 08, 2018, 12:47:39 PM

Asic is a piece of iron. It is expensive, on the secondary market is not in demand. As a rule, it's very dinny and consumes electricity. The profit falls very quickly, only those customers who will receive the first are the winners + problems with the guarantee.

The GPU has fewer problems and can be sold in the secondary market

The GPU is toast after a year of mining and NOBODY WILL WANT IT.

Gonna be a flood of used miner cards on ebay - people will soon learn they aren't worth shit for reliability! Any hardcore PC gamer knows gfx cards have a usage life depending on how hard you push em much like a car! cars with high miles = worth jack shit.

With gfx tech increasing rapidly right now fueld by crypto, you can bet that 1080/vega or whatever will be worth $60 in a year (+ shipping and ebay/paypal fees) so the resale price point doesn;t mean much.

I'd much rather have twice the production per unit of time/energy/$$ because lets be honet right now its about who can most the most the fastest speculating on a future price increase and known diffcullty scaling.

TLDR:

The asic miners blow gfx cards out of the water no doubt about it.

And this news of secret asic miners taking HUGE chunks of monero, zcash, etc, WTF?? crypto for the hobby gfx card miner is dead most just don't realize it (which fuels the at home gfx card hobby miner market).

it would take more than 2 years before the GPU can be burnt depending on how you use it. overclocking is going to toast it quicker. 2 years i think can get you to earn enough to buy more GPU to continue the business. i however quit mining after trying in less than a month because it seem not profitable in my area due to watt rate.

jmigdlc99

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Quote from: mrstark89 on June 18, 2018, 05:20:36 AM

You calculate ROI when you make order. But when your ASIC arrives, difficulty will be much more higher (some coin got x5 and x10)

This is an important consideration that many people easily miss out when buying and computing ROI for ASICs. Most surely difficulty will rise sharply after the first few weeks of promised delivery and that means a steep decline of profits following that.

Buying ASICs is a big risk, even if you get to buy from the first batch of it's sale.

mrstark89

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Well, difficulty of ASIC-friendly coins grow very fast. You calculate ROI when you make order. But when your ASIC arrives, difficulty will be much more higher (some coin got x5 and x10)

DevelopmentBank

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Quote from: marthor on June 17, 2018, 03:29:43 AM

Ultimately, the only people who benefit from ASIC mining are the manufacturers of ASICs. They are effectively taking a big chunk out of the zero-sum game of cryptocurrency mining and giving nothing in return.

ASIC manufacturers and their close accomplices who are able to buy bulk amounts of these at discounted prices. Everything is so much more profitable when things are done at scale. The beauty of mining is that time to 100% ROI is the same whether you invest on 1 GPU / ASIC or 1,000,000 GPUs / ASICs.

Imagine how happy those early miners who invested in 100+ GPU rigs are.

smartcrypto

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Quote from: FFI2013 on June 17, 2018, 08:59:32 AM

I guess nobody take difficulty into account take a look at what the A3 makes or D3 now this is what is going to happen when all these asics go online the profit your calculating is now with zero online once everyone gets their miners what do you thinks is going to happen being a miner you should know whats going to happen difficulty sky rockets profits crash and you can't even switch to a new algo so everyone who buys these think the money sounds good now but you'll be crying later

Just newbies getting scammed by greedy companies who sell thousands? of these ASICs and then the coins price crash as a result, and resulting in bitter miners and bagholders. The cycle repeats itself again with every new algo. Stick to GPU mining and it will always be worth something, you can easily later on sell your GPUs and then upgrade to newer class of GPUs.(although GPUs are now being sold at a premium).

FFI2013

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I guess nobody take difficulty into account take a look at what the A3 makes or D3 now this is what is going to happen when all these asics go online the profit your calculating is now with zero online once everyone gets their miners what do you thinks is going to happen being a miner you should know whats going to happen difficulty sky rockets profits crash and you can't even switch to a new algo so everyone who buys these think the money sounds good now but you'll be crying later

leowonderful

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Quote from: shibob on June 15, 2018, 08:36:43 AM

Look at the ROI for Bitmain Antminer z9 mini, just 28 days, and of course the difficulty level will be like double very soon. So basically I think all of gtx GPUs which are mining equihash coins will move to mine other algorithm soon. This's something really bad for GPU mining community.

That ROI (break even period) you listed is soon going to be completely irrelevant as more Zcash ASICs come out and another D3 situation happens on the chain. Buying an ASIC on a previously GPU-mined chain is always going to be a gamble, even if you buy in first batch. Besides that, Equihash hasn't been the most profitable algo to mine with GTX GPUs for a while now- Lyra2 and even ETH have been more profitable due to difficulty and ASICs on ZEC.

marthor

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GPU mining is much more profitable.

A 1080 Ti makes more than an Antminer S9, D3, or L3 despite consuming a fraction of the power and producing none of the heat and noise. It also has kept almost 100% of its resale value, while the ASICs have lost almost all of theirs.

Ultimately, the only people who benefit from ASIC mining are the manufacturers of ASICs. They are effectively taking a big chunk out of the zero-sum game of cryptocurrency mining and giving nothing in return.

smartcrypto

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ROI doesn't mean anything if your ASIC device soon becomes redundant. Most likely then you're not able to sell the device nor use it for any purposes. I am going to stick with GPUs. For me they've always made a profit. Although I have never bought ASIC. I don't think I ever will.

gotminer

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Quote from: shibob on June 15, 2018, 08:36:43 AM

Look at the ROI for Bitmain Antminer z9 mini, just 28 days, and of course the difficulty level will be like double very soon. So basically I think all of gtx GPUs which are mining equihash coins will move to mine other algorithm soon. This's something really bad for GPU mining community.

Most realists believe that eth going POS will cause a MUCH MUCH MUCH bigger issue in GPU mining than equihash asics. If the percentages are correct, that is who I would agree with.

Edited to add ... I've never purchased an asic. There may be a time that I convert my farm ... Maybe a gpu, asic, fpga combo ... Who knows ... However ... I will never purchase an asic from bitmain.

shibob

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Look at the ROI for Bitmain Antminer z9 mini, just 28 days, and of course the difficulty level will be like double very soon. So basically I think all of gtx GPUs which are mining equihash coins will move to mine other algorithm soon. This's something really bad for GPU mining community.

realaccountakira

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Quote from: Tristan1337 on June 15, 2018, 12:51:47 AM

Quote from: jmigdlc99 on June 15, 2018, 12:43:39 AM

Quote from: Tristan1337 on June 15, 2018, 12:35:05 AM

When we are talking about ROI - ASICs vs GPUs, it's usually the case that ASICs will ROI faster than GPUs, which is great.
But the thing that is almost even more important is, how much time do you profit from mining after you ROI!?

This is the problem you never hear anyone talking about. After you spend all those big bucks on those ASICs and you reach ROI, how much profit do you get after, and for how long!? Not very long, right?

As far as i understand, the "post-profit" you are referring to is almost always directly correlated to ROI. Just did some tissue math but if the logic is that if you get ROI faster, then you also have more capital and opportunity to invest more profitable or more efficient hardware.

Feel free to correct me with real numbers and data.

I understand what you're saying. Basically the same thing goes for GPUs. The only difference is that usually ASIC profitability falls fast after the ROI window has past. So if you get your ASICs early on during the first shipment, then ROI, profit a bit, then sell them, that could work.

This is not needed for GPUs though. So you could safely reinvest your profit into more GPUs and profit more in the future without the fear that your profit will fall to just a few cents a day.

Good point with ASICs. It is very true that history has shown ASIC profitability goes into a parabolic decline after it reaches ROI. The thing is, history is not always a good measure of future performance. It could have been that the times back then were the wild west and ASIC development has now gone into a more mature phase where devs coordinate with hardware manufacturers in a way that they collude for maximum profit.

Angkoolart10

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This information give us a good additional income regarding ASIC and GPU. I talked to a person who Mine using GPU that on there experience about this business is its a long term run for them almost a few months before they get profit, and the good news is they got double profit in there mining.

Tristan1337

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Quote from: jmigdlc99 on June 15, 2018, 12:43:39 AM

Quote from: Tristan1337 on June 15, 2018, 12:35:05 AM

When we are talking about ROI - ASICs vs GPUs, it's usually the case that ASICs will ROI faster than GPUs, which is great.
But the thing that is almost even more important is, how much time do you profit from mining after you ROI!?

This is the problem you never hear anyone talking about. After you spend all those big bucks on those ASICs and you reach ROI, how much profit do you get after, and for how long!? Not very long, right?

As far as i understand, the "post-profit" you are referring to is almost always directly correlated to ROI. Just did some tissue math but if the logic is that if you get ROI faster, then you also have more capital and opportunity to invest more profitable or more efficient hardware.

Feel free to correct me with real numbers and data.

I understand what you're saying. Basically the same thing goes for GPUs. The only difference is that usually ASIC profitability falls fast after the ROI window has past. So if you get your ASICs early on during the first shipment, then ROI, profit a bit, then sell them, that could work.

This is not needed for GPUs though. So you could safely reinvest your profit into more GPUs and profit more in the future without the fear that your profit will fall to just a few cents a day.

Topic: Mining Profitability ASIC vs GPU (Read 1110 times)