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Topic: The future of GPU (video card) mining,,, In Plain English - page 2. (Read 1981 times)

sr. member
Activity: 600
Merit: 261
GPU mining is capital intensive and power hungry operations.it has a long term effect and is not desirable to environment as it generate more heat, the more the miner the warmer the environment and we didn't care about the after effects as long as there is profit from it. ehereum got a wise decision of switching from POW to POS because they knew the adverse effect of it. we can still decentralize the blockchain  and that will be the next thing to solve without the need of GPU or highly effecient power hungry super computing networks.

lmfao... dude! please take your Al Gore nonsense to a site that appreciates it... like maybe any of the global warming hype sites run by the people who benefit financially from the propagation of that lie.  btw, how many trees do i need to plant to get a carbon offset to megawatts of power my 24 470's are pushing while mining ETH?  not like Im going to do it mind you, i just want to know if you know the answer ;-)

The only thing 99.9% of the people in this forum care about are profitability ratios, and that's as it should be.  To address the OPs question... GPU mining isn't dead but it is a very tough time to get into, mainly due to the global shortage of good mining GPUs. Its true that the effective end of ETH mining I think on Nov 1st (if memory serves) is going to cause some issues, but the recent rise in price of XMR should help alleviate that at least somewhat. Nobody really knows what is going to happen but hopeully, a new couple of coins to mine will pop up soon... kind of like with ZEC last year.  That can go a long way to spreading the world-wide hashrates.
sr. member
Activity: 616
Merit: 256
GPU mining is capital intensive and power hungry operations.it has a long term effect and is not desirable to environment as it generate more heat, the more the miner the warmer the environment and we didn't care about the after effects as long as there is profit from it. ehereum got a wise decision of switching from POW to POS because they knew the adverse effect of it. we can still decentralize the blockchain  and that will be the next thing to solve without the need of GPU or highly effecient power hungry super computing networks.
newbie
Activity: 21
Merit: 0
GPU mining is dead! BTC is dead! Ohhh no!
Okay, That's plain enough English.  Cheesy Cheesy Cheesy
Care to elaborate as to why and when?

No, but there are 100 other threads you can read, if you feel like wasting your time thinking you know when GPU mining will end.
Good enough,
I've read quit a few of those threads, most of the senior guru's  reply to them using a lot of techno terms that i'm still trying to learn what they mean.
It was just today that i finally got what some of them where saying about Etherium POW to POS, that's why i'm trying to confirm that i understand them correctly. 
hero member
Activity: 1036
Merit: 606
GPU mining is dead! BTC is dead! Ohhh no!
Okay, That's plain enough English.  Cheesy Cheesy Cheesy
Care to elaborate as to why and when?

No, but there are 100 other threads you can read, if you feel like wasting your time thinking you know when GPU mining will end.
newbie
Activity: 21
Merit: 0
GPU mining is dead! BTC is dead! Ohhh no!
Okay, That's plain enough English.  Cheesy Cheesy Cheesy
Care to elaborate as to why and when?
hero member
Activity: 1036
Merit: 606
GPU mining is dead! BTC is dead! Ohhh no!
newbie
Activity: 21
Merit: 0
Oops one more.

4. Am i correct in thinking,,, What happening with Etherium mining POW Too POS is what i should be most concerned with when it comes to mining, Or are there other things that should be more concerned with in the long term?
newbie
Activity: 21
Merit: 0
I don't speak computer, crypto currency, or mining lingo yet, even my English isn't that great.  
Anyone care to share their understanding on  where mining is going in the near future?

From what i understand so far is

1. Etherium represents a large majority of GPU mining. maybe over 50% i don't no Huh
How big of a percent of GPU mining is Etherium mining?

2. Etherium is going to end it's mining ability soon. (POW to POS)
About how soon are the estimates?

3. Most all of the people mining Etherium now will be switching to mining other coins...
How much will this increase difficulties (in terms of percentage) mining our Alt coins?


I'm considering making a few more 1080ti rigs, but at $0.12 per KW i'm concerned what profit/loss may be when Etherium goes POS and or 1 year from now. I understand know one knows for sure but many here understand this market MUCH better than i do and id like to here your opinions ( preferable without too many abbreviations Grin
 
Thanks for the replies Smiley
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