Topic: What will kill GPU mining profitability in 2017? - page 3. (Read 14126 times)
My noobie 0.0000002 worth. When eth goes POS it will be a major event for home mining. A LOT of miners are mining eth so all those will switch to other coins which will cause a massive increase in difficulty resulting in plummeting profits. I really hope I'm wrong but I can't see anything else happening once eth goes POS. But I'm still going ahead and getting ready to build my first rig. It's not so much about the money for me but the fun. (But then if it stops being profitable then it won't be much fun)
Basically its like deja vu all over again like in Winter of 2013.
The RX470/570 which is the 7970/R9 280X equivalent is sold out globally and nowhere to be found.
The RX570 basically makes exactly the same profitability as the 280X did back in 2013. Actually a little more profit since it uses less power than scrypt.
From those of you that weren't around. Mining was crazy profitable at the beginning of 2014. A 280X made somewhere around $7-8USD/daily. Fast forward 6 months later in Summer 2014, it was borderline profitable since it consumed more electricity than made profit.
What killed GPU mining back then were introduction of Scrypt ASICs which made the difficulty skyrocket exponentially and combined with the MtGox bankruptcy and falling BTC price.
Now since its 2017 there are many factors that can kill these amazing profit-abilities.
1) Ethereum goes POS or reduces its block reward.
2) Ethereum (ZEC) prices crash.
3) Bitcoin price crashes due to hard-fork UASF
4) Difficulty skyrockets. This I doubt since ASICs are very difficult to manufacture and sales of GPUs only provide linear difficulty growths. Currently there are GPU shortages which are capping the difficulty growth.
The RX470/570 which is the 7970/R9 280X equivalent is sold out globally and nowhere to be found.
The RX570 basically makes exactly the same profitability as the 280X did back in 2013. Actually a little more profit since it uses less power than scrypt.
From those of you that weren't around. Mining was crazy profitable at the beginning of 2014. A 280X made somewhere around $7-8USD/daily. Fast forward 6 months later in Summer 2014, it was borderline profitable since it consumed more electricity than made profit.
What killed GPU mining back then were introduction of Scrypt ASICs which made the difficulty skyrocket exponentially and combined with the MtGox bankruptcy and falling BTC price.
Now since its 2017 there are many factors that can kill these amazing profit-abilities.
1) Ethereum goes POS or reduces its block reward.
2) Ethereum (ZEC) prices crash.
3) Bitcoin price crashes due to hard-fork UASF
4) Difficulty skyrockets. This I doubt since ASICs are very difficult to manufacture and sales of GPUs only provide linear difficulty growths. Currently there are GPU shortages which are capping the difficulty growth.
Gpu will flourish and BTC will fade a bit.
It is not at all like 2013
first off alts have more value then btc does at the moment .
and this is a new thing never happened till now.
http://coinmarketcap.com/
Market Cap: $77,116,169,677
of which Bitcoin $37,205,556,335
this means $39,910,6133,342 is alt coin
as recently as Jan of 2017 btc was well over 70%
now under 50%
the question is will btc ever be the giant it once was?
not what will kill the alt coin market?
Of course as usual I am often wrong.
one of my worst predications made was the iPad would be a failure and never do well at all.
Basically its like deja vu all over again like in Winter of 2013.
The RX470/570 which is the 7970/R9 280X equivalent is sold out globally and nowhere to be found.
The RX570 basically makes exactly the same profitability as the 280X did back in 2013. Actually a little more profit since it uses less power than scrypt.
From those of you that weren't around. Mining was crazy profitable at the beginning of 2014. A 280X made somewhere around $7-8USD/daily. Fast forward 6 months later in Summer 2014, it was borderline profitable since it consumed more electricity than made profit.
What killed GPU mining back then were introduction of Scrypt ASICs which made the difficulty skyrocket exponentially and combined with the MtGox bankruptcy and falling BTC price.
Now since its 2017 there are many factors that can kill these amazing profit-abilities.
1) Ethereum goes POS or reduces its block reward.
2) Ethereum (ZEC) prices crash.
3) Bitcoin price crashes due to hard-fork UASF
4) Difficulty skyrockets. This I doubt since ASICs are very difficult to manufacture and sales of GPUs only provide linear difficulty growths. Currently there are GPU shortages which are capping the difficulty growth.
The RX470/570 which is the 7970/R9 280X equivalent is sold out globally and nowhere to be found.
The RX570 basically makes exactly the same profitability as the 280X did back in 2013. Actually a little more profit since it uses less power than scrypt.
From those of you that weren't around. Mining was crazy profitable at the beginning of 2014. A 280X made somewhere around $7-8USD/daily. Fast forward 6 months later in Summer 2014, it was borderline profitable since it consumed more electricity than made profit.
What killed GPU mining back then were introduction of Scrypt ASICs which made the difficulty skyrocket exponentially and combined with the MtGox bankruptcy and falling BTC price.
Now since its 2017 there are many factors that can kill these amazing profit-abilities.
1) Ethereum goes POS or reduces its block reward.
2) Ethereum (ZEC) prices crash.
3) Bitcoin price crashes due to hard-fork UASF
4) Difficulty skyrockets. This I doubt since ASICs are very difficult to manufacture and sales of GPUs only provide linear difficulty growths. Currently there are GPU shortages which are capping the difficulty growth.
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