Bitcoin Forum

ASIC is starting to circulate widely and the lack of concrete steps of the developers to cope it,
Supply memory chips in the world that are not able to keep up with demand so the price of GPUs and other components is skyrocketing then now there is a type of staking coin and type masternode coin. POW has been abandoned. meaning that GPU, CPU, and ASIC can not be used anymore in the future.
So what do you think about GPU mining in the future?

I think ASIC's will gradually displace mining on graphics cards as the graphics card pushed out of the market mining on CPUs. Many coin makers do not want to change the mining algorithm of their cryptocurrency.

i think gpu mining will remain quite ok fot the coin which will fight against asics.. like monero did, for example. for other coins, like btc or dash, gpu are useless long time ago. and i think nothing will change in the future about it

future of gpu mining = bond like gains 1-2 percent yearly,  you'll roi but not make much profit from it.

fpga = moderate risk/reward, 

asic = high risk high reward.

Glad I read this, have been considering expanding my mining operation, but have concerns that ASICS will slowly, but surely erode the GPU community.

Call me nostalgic, but I consider GPU mining more grass roots. It will be a sad day when I shut these humming heaters down :(

ASICs or FPGAs will not kill GPU mining.  There are too many new algos and coins out there that spring up that will provide profitability.  The real threat to GPU mining is the crypto bubble bursting (more than it has in the past 4 months).  All of these masternode shitcoins and other pointless coins will get to the point where they are not sustainable and not worth mining.  I will say though that ASICs and FPGAs will weed out the novice miners who are clueless.  The real profits are there for those who put in time and effort.  Gone are the days of ordering a bunch of gpus and pointing them at an ETH pool for instant profits

Gpu is compatible of almost all algoritm, so i guess that will always be some profitable coin to mine and you can sell it for gaming.
ASIC is good but it change quickly and turn obsolete with a fork of a coin/algorithm or at release of a new powerfull model.

I am worried about this rumor of FPGA, that can mine with high hash rate, low power consumption and it is programmable even it some coin fork and changes the algo.

It will be reduced in terms of uses but for sure there still coins that will be created for POW mining, we won't be able to say the actual future of this mining components as development will continue and like what you have said there's new way of producing coins but there's also developers that will continue to support this type of mining as they will still see the potentials and profits will be there.

I'm going to agree with most of what has already been said here and guess that GPU mining will continue to exist in the future, but it will not be nearly as profitable as it was in the past. POW hasn't been abandoned yet (you're massively overexaggerating it right now), and in my eyes there's yet to be a largely successful fully-POW coin yet (with only ETH really being the largest future possible development in that area). POW will continue to be the major proof system in the area of crypto, and there's not any big competitor to it yet.

ROI is no longer under a year for GPUs in 99% of cases, but that doesn't mean there's no longer profit in it. Risk is indeed greater than it was previously, but there's still profit to be made. GPU Mining hasn't truly died yet, just like in the past when ASICs replaced GPUs in Scrypt mining- profitability greatly sank, but there was still profit in other areas to be found, albeit very low amounts (though I will say the situation with the crypto environment and mining environment was much different than now).

My opinion is that GPU mining will still be here but only for power-efficient GPUs. If you have old power hungry ones then you will be out of luck because they will consume more power than the amount of crypto they will generate. If i had to bet, i would pick 1080tis.

Profit will probably so low like less than a dollar per GPU per day though.

I don't think so. If a Device will displace GPUs it will be FPGAs and not ASICs.
You can always fork away from ASICs  ;)

In my opinion gpu mining is not fair in 2018 . The price for one gpu grew very consistenly and the ROI can take up to 12-18 months.
The future of gpu mining probably will be dead if the manufacturers will still pump the price on the market

I don't understand it too well, but why mine if POS coins exist and will become more ubiquitous?  Why spend on hardware, when software can displace it?  I am not sure how transactions are validated in POS, or the drawbacks that make mineable coins still persist in all honesty.

It has been like this for years with mining.

BTC was created in 2009 and virtually nobody mined it and if you mined it you could do it with a laptop.

Then when it started to get value its when all the competition and fighting started. First it was the CPUs who were killed off due to GPUs, then it was the FGPAs then it was the ASICs.

Mining was always unfair... because it kept increasing in value so its considered normal.

This year GPU mining is little drawback so some peoples are  stay away in this platform but future is positive to investors because mining platform also depends on the Bitcoin price it will move forward automatically profit is gradually increasing. So my opinion is mining is the one time investment we should earn profit and this is great experience to our career.

I think Gpu mining will continue for at least 1 or 2 years undisturbed. Even though ASICS are expanding at a very fast speed the number of people adopting them compared to the number of people adopting Gpu mining is relatively small when we compare those numbers together.

I am happy that Ethereum reward is up daily with a 180 mhs mining computer compared to what it used to be 3-4 months ago. This means many people have shut down their mining computers, a wrong move in my opinion.

Its a kind of method mate. If you want to mine the coins you should research about best algorithm at that moment and go to mine that coin mate. There are many people goes to mine the bitcoin and ethereum. For good choice you check any one which is good at the time only.

Even the option you have to mine in the Nicehash. You will be getting the reward in the bitcoin for the algorithm profitability.

True, but I'm seeing a lot of big players shying away from forking, which I can't really understand. I am not an ASIC guy, and much prefer mining with GPU for resale value after mining. I wish more coins were eager to fork away from ASICS, but I suppose in the end, it would turn into a game of cat and mouse.

I think that ASICs are evil, they are obstacle to decentralization, only GPU mining can give true decentralization, but also I can see that all new coins are trying to build their blockchains on POS mining, maybe in future POW mining will go on the second plan, except maybe Bitcoin.

The fact the most people in the world got a gpu/cpu its the best way to make a network decentralized. There will always a demand towards gpu mining.
Maybe it will switch in the future where there will be affordable asics with multi algo support.

ASIC resistance will not last forever. Even the X16r/X16s algo won't be safe some time soon. I intend to keep my GPU's for speculative low difficulty coin mining. If you are lucky enough it might turn from shit to gold. 8)

That's pretty contradictory statement right there. ASICs by definition are Application (you could say too, Algorithm) Specific Integrated Circuits. If you are talking about hardware that is multi-application/multi-purpose then it would no longer be an ASIC. You could be referring to what is called the FPGA.

On topic though, i do believe ASIC resistance is possible. An automated algortihm which switches algorithm on a random periodic basis would make it so difficult and costly for ASIC developers that it would be no longer worth pursuing development of the ASIC. I think..

This is very hard time for gpu mining. I'm rethinking about resale (sell Rx580, and keep P106-100 to mine) my GPUs, the fact is I already got ROI, the current profit is not that much, I even think next 2 months, GPU mining is not worth, just enough to compensate electric fees. The problem is it's not easy to find and to consider which asic-resistance coin is worth to mine. ZEC - difficulty flied yesterday, ETH - gpu may not mine in next few months (due to PoS or new asics miners), XMR - I'm still mining it, but not sure how long we could get profit. I'm quite skeptical about gpu mining.

What good did happen for monero after the fork occurred? Nothing. Now cases of attacks 51% have become more frequent. This is only possible on algorithms that use mining GPU. Asics provide an opportunity to increase the network hashrate to avoid such attacks.

Did you ever think that those attacks are being done by ASIC manufactures because the algo's forked away from ASIC. And these companies are pissed off! What better way to get the algo's to accept ASIC to protect there algo... We are talking about billions of dollars!

ASICs won bitcoin only because the devs allowed it.
Cryptonight based cryptos (well most of them) fought back, now as far as I know, there are six more variations of the CN algo, so seven different algos to mine. ASICs might come again on Monero and Heavy variations, but the smaller cryptos - that use their own variation - are out of danger of ASICs. Not the same game for modern FPGAs, they outclass current GPUs. But next year AMD will have 7nm GPUs, NVIDIA next gen is good for mass production.

What bad did happen for monero after the fork occurred?

ASICs provide nothing, escpecially if the network is ASIC only. Nothing prevents a deep pocket actor to own 51% of hashrate in an all ASIC environnement. And bye bye decentralization.

Phi, lyra, X16R, neoscrypt...

ETH is far from POS, especially full POS.

I think we should wait and evaluate the release of a new generation of graphics cards.Perhaps they will be more profitable mining than previous versions. Maybe the ratio of price and power will be more profitable.

GPU’s are hot market both for gamers and miners. Their prices are at 150–200% of regular prices from couple of years back.

Bitcoin has been around for a long time. At present, mining has shifted from GPU general computing power to ASIC dedicated mining machines. Although Ethereum still uses GPUs for mining, it is more cost-effective to design an ASIC in the future due to the expertise of mining. However, new virtual currencies will continue to emerge. This market will always have a place for GPU mining. In addition, I believe that different chips have their strengths in different positions depending on their own advantages. In the future, the further rise of deep learning will accelerate the demand for GPU.

I don't think that's going to happen. Probably all existing coins are doomed. But the developers of the new coins will use algorithms that will protect them from asics. Almost all asics will only make money for the companies who produce them. They mine coins and increase the complexity of the network. After that, they sell asics to users but it is impossible to return the invested money. How long is this fraud going to continue?

I am hanging on... my combo GPU/CPU operation is still at over 3x power costs so it's totally worth it still (0.07 cents per KWH).

What good? Let's try for a bit.. Who was getting most of XMR before the fork? (hint: They had 200Khs miners).  THey were very easly attacked before the fork now they aren't. Is this enough "good"?

This shit has all happened before... a few times over. Bitcoin, then Litecoin, then ETH and more recently a huge bubble and hundreds of shitcoins.

I started mining ETH more than 2 years ago and when I started I was making 5 ETH every 2 or 3 days. I once had nearly 200 ETH. I sold most of it when ETH got to $50 thinking about the times when I saw it down between $8 and $15. Obviously I should have HODL but hindsight is 20/20.

The only thing you can do in times like this if you have GPUs is to find a coin/project you really believe in - meaning do lots of research until you understand what it is trying to achieve and understand it, and then mine it and HODL. Choose 2 or 3 of these and don't dump them unless you are sure.

You might get lucky but you probably won't. Don't be like me and sell something at a 20th of its ultimate value! HODL!

Right now I mine mostly Loki. I think it has potential and it has a great dev team. I also sometimes still mine ETH because although the difficulty is ridiculous and reward tiny - it is still one of the most ambitious blockchain projects ever realized and underpins hundreds of other projects. Most of them are scams or vapourware but maybe 2 or 3 of them will one day actually do something that will be "mainstream". Then ETH will be worth more than BTC.