Topic: Who will be the last man standing in the future of Cryptomining (Read 665 times)

with the mainstream investments,
all mining will still be very valid in the upcoming years!
nothing can stop the advancements.

I seriously doubt there will be only one mining method when all is said and done.  Wouldn't be surprised to see the options grow considerably.

Storj is SSD only as far as i remember. I think i saw a couple more for HDD's tho like Filecoin and Minebox.

you should've added HDD mining (Proof of Capacity - PoC) as one of the answers, as far as i know only 2 coins are mineable with hdd so far, storj and burst...

I don't see Bitcoin and his ASIC mafia falling anytime soon but GPU mining will be the way for the rest of the criptocurrencies soon in my opinion.

S.

gpu MINING, there will be something to fill the void!

GPU POW mining isn't going away any time soon. In fact new ways are being developed to harness the immense distributed computational power of GPU mining hardware. In the near future we will see new rolls for GPU rigs, other than mining.

https://www.dashforcenews.com/dash-labs-grows-seeks-new-hire-gpu-accelerator-project/

Crypto-currency owes its existence to mining! while its true that there other ways to introduce and to continue to feed a currency into its economic system, it all started with mining. If you ask almost any body whats the first thing they think of when they thin of how a cryptocoin comes into being most if not all probably state mining.  for those that don't know that much about mining here's a brief definition of each term so that there is a common understanding for what were voting on.

Mining: for this poll, Mining refers of the process by which  cryptocoins are created using a computer to solve mathematical equations or problems. It is this problem solving that is used to transcribe transaction records into blocks of information so that they can be stored for later viewing or audits. As payment for the work of solving and thus transcribing these transactions, the computer that successfully did so obtains a reward which is in the form of a cryptocoin.

while mining can be and was once only be done on a home computer, that isn't true anymore because of increased competition and an evolving economic system more advanced and sophisticated computers were developed to meet the needs and demands. these newer machines having a singleness of purpose and at much higher cost. Due to the cost and the singleness of purpose other types of coin have been introduced that can once again be mined moderately profitability on home computers and some with the additional capability of being mined with a type of specialized type of hardware that is broader focused to allow for faster mining thus increasing profitability  can be done several types of ways and by several types of computers. I am leaving out the types of coins that can be mined by each type of computer so that votes are based on hardware and not on the coins popularity that is produced by that computer. The speed at which a computer solves these blocks is refer to as hash or specifically by thew ratio of hashes per second.
 As an easy way to think of this is to equate this whole process to a motorcar race,  each car (computer)  has special modifications to handle the track (block chain or collection of blocks) they are running they race around this tract at the speed of so many Hash per second (h/s)   and the winner gets to write the history of that race and are presented with a trophy which is the coins. The importantly thing to note is that while the fastest car usually wins the race  but  notice the fact that they have modifications that are unique to the tract making it important they be used in the right place so speed while important isn't all important.

ASIC:  Single purpose computer that has a high cost of purchase but has a very high mining speed. these computer sole purpose is mining and the do it very well but that has additional costs that factors into their viability mostly energy. For one of the coins mined with this type of computer it is said (truthful or not ) that to mine one coin requires the energy to run a small city for a day plus the heat that these give off is immense and large fans are needed to keep the temperature down which causes a lot of noise.

GPU- this is the hardware that gamer add to there computer  to intensify and create the visually stunning graphics that are so popular in today  computer games. Right now  they are the second most popular and fastest way to mine cryptocoins. you can mine a decent amount of coins with these but to be profitable on a large scale one must put a bunch of them together to increase the speed  they are mining at. The down side to these isa once again energy consumption, noise and availability, during high interest time in cryptocoins these will be out of stock for months and the prices of them dramatically increase .

CPU- the original way to mine, this way of mining is thought of as having gone the way of the dinosaur by allot of people, but is still very popular and has several coin dedicated to being only able to be mined this way. the fans of this type of mining would say that it is the only fair way to mine. the reason for this is that if you have a computer,  the patience to learn a few simple concepts and willingness to to try you can participate in the creating of money that will help fund the future economy. The downsides to this type of mining are mainly speed and profit to cost ratio.


POS: this is really a mining per say but it is a type of coin creation or rewarding system. that instead of doing work to get new coins the coins are given to the computers that hold the most coin and have held them the longest because these computers for lack of a better wording transcribe the locks by taking a consensus of all the others and voting that the transactions are valid. This type requires the least amount of energy but it is a some would say a rich making the rich richer type of system. Since it take a lot of coins to be able to be voting computer you either have to have substantial funds to start or be there when it started and the coins were relatively cheap.

Unknown:  put there since this is such a new technology or economy there are most likely things coming that will make all obsolete that came before them. If I even guessed at what is coming im sure i wouldn't be close. but it is an exciting time.

None: You think this is all a bunch of BS and this will all be history in a year.

Though polls on the subject have been done in the past please think on it and answer truthfully based on the mining not on the coins that are assosiated with the mining. This will help to determine when funds should be allacated  and what directions companies may want to pursue.