I think it will die, because it uses so much power.
Also I think that some new products will be launched to mine bitcoin again.
Look at asic mining, they are already much better then the gpu, and more products like that will come on the market.
That dont use alot of power and that can mine alot of bitcoins.
Topic: What do you guys think will happen to GPU mining? (Read 2680 times)
Some coins with new algorithms will be still mining by GPU. For another ones with scrypt algo asics will be used.
I suppose the future of GPU mining is bleak. With ASIC's coming in on a regular basis, GPU mining is not very cost effective due to the difficulty increases. I think it would be better to use GPU for Pre-Mining or mining new coins as they come out (and hope that they make it big!). Having said that, most crypto coming out these days appear to be copy paste coins 
For pre-mining not mining hardware required.
When price increases we convert them in BTC.
Any advise guys.?
I suppose the future of GPU mining is bleak. With ASIC's coming in on a regular basis, GPU mining is not very cost effective due to the difficulty increases. I think it would be better to use GPU for Pre-Mining or mining new coins as they come out (and hope that they make it big!). Having said that, most crypto coming out these days appear to be copy paste coins
For pre-mining not mining hardware required.
I suppose the future of GPU mining is bleak. With ASIC's coming in on a regular basis, GPU mining is not very cost effective due to the difficulty increases. I think it would be better to use GPU for Pre-Mining or mining new coins as they come out (and hope that they make it big!). Having said that, most crypto coming out these days appear to be copy paste coins
We all know, what ASICs have done to Bitcoin.Difficulty is sky rocketing every 12 to 15 days and there is a fierce arms race to grab those tera hash machines most of which will never produce ROI. Those ASICs have even defeated the true purpose of Bitcoin i.e. a meant to be decentralized currency now has been centered around a few affluents who could afford those expensive ASICs.
Already, scrypt ASICs have hit the market and more to come in from July onward. Diffuclty will zoom up and there is no guarantee that prices will respond accordingly , because price of a coin depends on it's demand not on hashing power, which only increases supply.
GPU will definitely finds it's way to survive each time with different algo, because it's a affordable mining tool for masses. Scrypt coins are already outnumbered by X11.
More x11/scrypt multipools are coming into the market and they do their due diligence before decide to mine any coin.One can mine with those multipools if not sure about a coin.
Already, scrypt ASICs have hit the market and more to come in from July onward. Diffuclty will zoom up and there is no guarantee that prices will respond accordingly , because price of a coin depends on it's demand not on hashing power, which only increases supply.
GPU will definitely finds it's way to survive each time with different algo, because it's a affordable mining tool for masses. Scrypt coins are already outnumbered by X11.
More x11/scrypt multipools are coming into the market and they do their due diligence before decide to mine any coin.One can mine with those multipools if not sure about a coin.
I think thats is why PoS is the future. Mining will always be wasteful and inefficient and centralise.
We all know, what ASICs have done to Bitcoin.Difficulty is sky rocketing every 12 to 15 days and there is a fierce arms race to grab those tera hash machines most of which will never produce ROI. Those ASICs have even defeated the true purpose of Bitcoin i.e. a meant to be decentralized currency now has been centered around a few affluents who could afford those expensive ASICs.
Already, scrypt ASICs have hit the market and more to come in from July onward. Diffuclty will zoom up and there is no guarantee that prices will respond accordingly , because price of a coin depends on it's demand not on hashing power, which only increases supply.
GPU will definitely finds it's way to survive each time with different algo, because it's a affordable mining tool for masses. Scrypt coins are already outnumbered by X11.
More x11/scrypt multipools are coming into the market and they do their due diligence before decide to mine any coin.One can mine with those multipools if not sure about a coin.
Already, scrypt ASICs have hit the market and more to come in from July onward. Diffuclty will zoom up and there is no guarantee that prices will respond accordingly , because price of a coin depends on it's demand not on hashing power, which only increases supply.
GPU will definitely finds it's way to survive each time with different algo, because it's a affordable mining tool for masses. Scrypt coins are already outnumbered by X11.
More x11/scrypt multipools are coming into the market and they do their due diligence before decide to mine any coin.One can mine with those multipools if not sure about a coin.
^^ exactly.
People will always find new algos for GPUs
People will always find new algos for GPUs
The problem is, you never know initially which coins are going to succeed from X11, X13 or any algo XYZ. That means GPU's first mover advantage is highly questioned. Also the power ratings spil oil to the possible failures. GPU mining is really high risk compared to ASICs because of this. Asics come out only when some companies/people are almost sure that some coins using a certain algo is gonna be there prime time.
^^ exactly.
People will always find new algos for GPUs
People will always find new algos for GPUs
70% of new altcoins launch in the market is X11 coins. Future of altcoins should be X11 not scrypt.So gpu will not be obsolete in near future.
Use "ipoMiner" a altcoin multipool, if one is not sure about which coin to choose for mining in scrypt or x11 algo
Use "ipoMiner" a altcoin multipool, if one is not sure about which coin to choose for mining in scrypt or x11 algo
There will be x11 ASICS soon.
Not so soon. We are yet to see the profitability and ROI on scrypt Asics. Barring KNC miner Titan and a few, which are very expensive no asic will get an ROI and this will discourage other Asic manufacturers to venture into X11 or other algo.Even Titan has not been yet sold out completely.
And also, it will be not be profitable for Asic manufacturers to have a dedicated asic for each and every algo .
Its circular. If any algo becomes big enough for the big GPU farms to switch, ASICS will come out.
I think mining will die a natural death anyway.
Even if there would be x11 algo ASICS, X13 algo coins are already being launched for GPU specific mining. GPU will never die and should co-exist with Asics amicably.
70% of new altcoins launch in the market is X11 coins. Future of altcoins should be X11 not scrypt.So gpu will not be obsolete in near future.
Use "ipoMiner" a altcoin multipool, if one is not sure about which coin to choose for mining in scrypt or x11 algo
Use "ipoMiner" a altcoin multipool, if one is not sure about which coin to choose for mining in scrypt or x11 algo
There will be x11 ASICS soon.
Not so soon. We are yet to see the profitability and ROI on scrypt Asics. Barring KNC miner Titan and a few, which are very expensive no asic will get an ROI and this will discourage other Asic manufacturers to venture into X11 or other algo.Even Titan has not been yet sold out completely.
And also, it will be not be profitable for Asic manufacturers to have a dedicated asic for each and every algo .
Its circular. If any algo becomes big enough for the big GPU farms to switch, ASICS will come out.
I think mining will die a natural death anyway.
yeah but the rewards on x11 are not as high as that on scrypt.
I guess the reward is proportional to the power consumption.
I guess the reward is proportional to the power consumption.
Since last month i am mining X11 coins and getting more profit than scrypt on 40% less electricity consumption.Better approach would be to select a new promising coin, mine and stack it and wait for the opportunity to sell it when the prices are higher on exchanges.
If you observe the current trend of rigs being leased for cloud hashing for x11 coins, more rigs are being hired on better price than scrypt rigs.
70% of new altcoins launch in the market is X11 coins. Future of altcoins should be X11 not scrypt.So gpu will not be obsolete in near future.
Use "ipoMiner" a altcoin multipool, if one is not sure about which coin to choose for mining in scrypt or x11 algo
Use "ipoMiner" a altcoin multipool, if one is not sure about which coin to choose for mining in scrypt or x11 algo
There will be x11 ASICS soon.
Not so soon. We are yet to see the profitability and ROI on scrypt Asics. Barring KNC miner Titan and a few, which are very expensive no asic will get an ROI and this will discourage other Asic manufacturers to venture into X11 or other algo.Even Titan has not been yet sold out completely.
And also, it will be not be profitable for Asic manufacturers to have a dedicated asic for each and every algo .
70% of new altcoins launch in the market is X11 coins. Future of altcoins should be X11 not scrypt.So gpu will not be obsolete in near future.
Use "ipoMiner" a altcoin multipool, if one is not sure about which coin to choose for mining in scrypt or x11 algo
Use "ipoMiner" a altcoin multipool, if one is not sure about which coin to choose for mining in scrypt or x11 algo
There will be x11 ASICS soon.
yeah but the rewards on x11 are not as high as that on scrypt.
I guess the reward is proportional to the power consumption.
I guess the reward is proportional to the power consumption.
70% of new altcoins launch in the market is X11 coins. Future of altcoins should be X11 not scrypt.So gpu will not be obsolete in near future.
Use "ipoMiner" a altcoin multipool, if one is not sure about which coin to choose for mining in scrypt or x11 algo
Use "ipoMiner" a altcoin multipool, if one is not sure about which coin to choose for mining in scrypt or x11 algo
not unless the value of bitcoin rises over 1k.
If someone starts GPU mining NOW, will they ever break-even?
Provided,
scrypt-N ASICs will be coming in Q3-Q4.
X11 ASICs in 2015 (just a speculation - correct me if I am wrong)
Provided,
scrypt-N ASICs will be coming in Q3-Q4.
X11 ASICs in 2015 (just a speculation - correct me if I am wrong)
well the x11 coins are doing pretty good and so is groestl. I've been mining groestl for the past few days and the temps have stayed super cool.
vertcoin is going to be merged mine soon and community is still active . Price may go up in future with all the active developments and many gpu miners shifting to vertcoin.
Vertcoin is almost dead now itself. I think GPU mining is done.
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