Topic: What's you opinion on graphic cards becoming obsolete in mining altcoins in 2019 (Read 604 times)

How will ETH pos work its almost impossible to download the blockchain on a normal pc I've tried multiple times and gave up so what are they doing so ppl can stake or will it be just the lucky few with the resources to download the gigantic chain to stake

Yeah, more miner giving up, more chance to miners whose stay. We can sell all of our graphics cards before GPUs price going down, but we can't predict for sure what will gonna happen next. If GPUs mining back to the top, we can get it back easily.

I believe the minimum POS staking amount for ETH is not 5 ETH, but rather 32 ETH. That is actually a huge barrier to entry but that does not necessarily mean that people with less than that will sell their coins. There will still be people who will hold their ETH, as usual.

I am however in agreement to your statement that when ETH goes POS, GPU mining will surely come to an end because of the difficulty rise on all other coins. It might actually be better to sell GPUs today while they still can still mine. When profitability goes to 0 the market will flood GPUs even more so.

I thought the simple answer would be short, but it's not. 


I stopped to mine ETH from early 2017. Why people always measured GPUs mining profitability using ETH? Is it related to coin prices? (value and stability)

GPUs more flexible than other mining devices, I got more profit mine another coins, e.g., in the last few months, CLO giving me profit more than the best time of ETH mining, and also other coins that I've mined (I can't write here one by one). Even when it is short-time profit, but we can move to other coins after.

Seem like I agree with this:


As I said before.
In fact, a lot of GPUs miners still exist and still getting enough profit, although it depends on how experienced that miners and where s/he lives (related to the cost of electricity) and may some other thing.

Really?, at 4.5 USD/day @ 1600W power consumption at the wall the profit is marginal at best, GPU still get you twice the profit at the current power consumption if you aim at maximum power efficiency

If you have free power yes, if not ASIC, it is not profitable.
FPGA only if you design your solution in-house, you'll have an edge, otherwise will not, either.

up, this is interesting.

(upping this because is disgusting to see always the same posts talking about fuc.ing ASICS)

In english please

One word : ProgPOW
But there is another issue. Each new coin dilutes the market as the inflow of fiat in the total market cap is finite (obviously)
Many coin will have to die and only a few will be left when everything is settled

very simple answers.

1º Most part of the mining community, is ruled by greedy bastards that are pushing ASIC everywhere around, to fu.k up all gpu miners. GPU mining is a market open to people from almost everywhere, and that can builld systems almost right away, and win some money to live. I still remember a guy from Venezuela that used mining to pay a lot of bills, including his mother's operation. This is WHAT MINING WAS ABOUT. To give and share money to all the community so that they could do better in live. Those greedy guys pushing ASICS are actually MORONS, that are destroying this market for the rest.

2º The ETH community said nothing to ETH not going ASIC resistant. Why? Because what ETH wants is to get a big network build as soon as possible, and they don't want that to take long. The faster PoS is applied, the better FOR THEM, NOT THE COMMUNITY. That's why Vitalik is sharing his money with different projects, because he knows for a fact that not making ETH ASIC resistant many people in the third world mining are getting rekt.

3º As time passes by, more and more GPU's are joining the network of ETH. This is because ASICS are taking control of every coin by CENTRALISING THE MINING. If you can take control of a coin, mining to , SO BEING THE ONE TO SUPPLY IT TO THE COMMUNITY, YOU CAN ACTUALLY MANIPULATE THE PRICE. The same has happened all the time with PETROL-GUIDED COUNTRIES. ASICS are destroying the world of mining AT FASTER RATES THEN EVER. But the community says NOTHING, because a big part has already sold their GPU's and bought ASICS. People don't actually care about the others, just want the most profit, and fast, because they know that this is ending. It's like watching coins drop from a machine, and see a lot of people running towards them, and getting a big part. Instead of taking YOUR PART, you´ll try to get , your part, his part, her part, and others part. This is GREED, and for me is a CAPITAL SIN.

4º GPU mining is still giving little profit, but the profit can disappear tomorrow. The value of the coins are in a critical point. For some people, it's just not worth mining though they get little profit. Others are mining because in their minds, they BELIEVE that mining and don't sell is a part of this matter. If ETH increases in price i will get more money, they think. They will get totally rekt because this market is dying.

5º Day after day, ETH network hashrate is increasing. Difficulty has scaled 13% in the last 30 days, which is fuc.ing ridiculous. And still going up, because the more ASIC joins different coins, the more rekt people get mining it. That has consequences: The increase in difficulty AFFECTS ALL THE PEOPLE.

Reality is, ASIC miners rekt GPU miners. Now new ASIC miners are destroying all ASIC miners instead. The harder the difficulty, the less profit. FOR EVERYBODY. An ASIC miner is not BY ANY MEANS LEGITIMATED TO TALK ABOUT ASIC MINERS. Greed gets FEEDBACK from GREED.

Now , what to expect in the future?¿? The big GPU holder is now ETH. Not a single coin can even get to the 1% of this coin (unless ASIC coins , obviously). A big part , like 80-90% of the World's GPU are on the ETH network right now.

Well, ETH will go PoS (this is my guess) around q4 this year. If out there there is a coin profitable, with the end of mining for ETH, there will be no coin left profitable unless a miracle occurs and some coins begin to gain value.

You see? many people , before this big crash, were mining alt coins in a type of investment. They were losing money (electricity bill) but they thought that coin could multiply it's value by a lot. Now people are so fed up with this situation, that they are only mining for direct profit, NOT FOR FUTURE PROFIT. Why?? Because noone believes in this market. NOONE, not even investors. Thats why prices don't go up from low, and after a small push, there is a small drop to compensate.

Till ETH goes PoS we can still gain some money. Hope ETH will not go PoS till at least it reaches 800$. Why? Because i think when PoS is applied, small hodlers, (with 5 or less ETH), will not be able to enter the PoS verification system, and they will be forced to sell their coins. A huge amount of coins will flood the market, time when sharks will stay calm waiting for those coins to lowe their prices for them to buy. Moreover, i don't think ETH can survive with only the money from smartcontracts. It has a value of 468$ right now, because it can be traded, bought and sold. Once PoS is applied, my guess is it will go down by a lot.


Once thing is clear for me. Once ETH goes PoS , there will be no more coins profitable to mine in the hole market and GPU mining will die. ASIC miners will last a big longer. There is NO PLACE TO PUSH SUCH A HUGE HASHRATE OF ETH. No way.

I've been here since '13 and I have been seeing the same thing being repeated here. Let me tell you: GPUs will never become obsolete. hey will always find their place to mine coins where FPGAs and the ASICs can't reach.

Good point, when that happens all those GPU mining farms will swing that hash power at whatever is the most profitable. I can see this as a problem for smaller coins, having the difficulty ramp up so quickly.

We don't know what will gonna happen next.

In this current situation, a bit hard to say GPUs can fight. But In fact, a lot of GPUs miners still exist and still getting enough profit, although it depends on how experienced that miners and where s/he lives (related to the cost of electricity) and may some other thing.

As we know, Cryptocurrency based on community, we (the community) can leave and let a big coin dying, we can come and make some other coin grow-up. So, I think the future of GPUs will depend on us (as mindrust said) and maybe a few "parties" that related.

an important thing to think about is the marketcap, crypto is small compared, and yeah, profits are down, difficulty is up. Some projects will die, and more will emerge. As the cryptomarket get more adoption, and as long as projects favor prof of work you will need more miners to run it.

Everything moves in cycles, but my 2 cents, find good deals on cheap cards, hopefully cheap power? and mine new projects.

If you paid cash to buy the btc the cost was about 2500 usd

I made lots of usd on my batch 1 gear.

I don't buy coin other then to buy gear.

and if you purchased the coin  and held it unit last december 2017  it was 80k vs 2.5 k

my profit was less then that but still profit.

gpu mining has been dying for years now like bitcoin with ups & downs , who knows what will happen in 2019...but im pretty sure it will be still profitable

GPUs' future depends on the community. If people show resistance against ASIC companies and force devs to hardfork the coin, they'll eventually give up and stop trying to hack the algo. If not, they'll be losing money for being stubborn.

See Monero. They changed the algo, hashrate dropped almost by half if i'm not mistaken. ETH refused to follow this route on the other hand and the community has shown almost no resistance. (There were a few angry miners but not enough)

Soon these GPU's will be mining either Monero or something like Raven (this one should get its shit together though) because ETH difficulty will shoot up too high it will be impossible to mine it with GPUs.

In the end, as long as a solid project like Monero keeps fighting ASICs, GPUs ain't done with crypto. It won't be very profitable for a while maybe.

Batch1 S9 14TH/s price was about 4 BTC. Where do you see profit ?

best shot for gpus in the future is rendering rentals

frankly the destruction of gpu based mining is  a terrible thing for cryptocoins  basically  they were real gear sold be real companies with real warranties.

and available to the entire world  to kill them off was a bad move which may destroy mining in the long run.

there are more then 100 million gpus that can still earn money closer to 200 million  making them  unable to mine for a profit simply destroys world wide adaptation of cryptocoins.

But unless a rendering rental project gets created it looks bad for gpus.

Even if BTC market recovers and hits a new ATH, most likely the profits that we got last June 2017 we will never see again.

The days of $5/day per RX 570 and $10/day per 1080Ti are most likely never going to return.

Basically too many GPUs are out in the world and too many people mining.

Another issue are the ASICs where coins like ZEC are not longer GPU mineable.

There is also the issue of the largest mineable coin ETH going finally POS something within the next year. When it goes POS or even Hybrid POS the miner reward will be greatly reduced and profitability will tank.