GPU mining in an Eth 2.0 world

[darkdude]

Hello everyone,

I jumped onto the crypto mining scene back in Sept of 2017.  Bought my first 6 x 1070 rig 8 gb, and then went on to buy 4 more rigs of 5 rigs of 4x x rx580 4gb cards.  As we all know, the crypto world went upside down between then and now, but I have continued to mine 100% for the entire time.

Now my 4gb cards are coming to an end as eth DAG reaches 4 GB, and eth 2.0 around the corner.  When eth 2.0 comes, I am 100% confident we will see HUGE amounts of hash power from GPUs move to other coins (ie RVN,etc) and will make all GPU minable coins not be profitable anymore due to saturation.

If that is true, then what mining options are there outside of asic BTC mining?  Well there is always XMR.  That coin seems to be very mature, has an excellent roadmap when it comes to being asic resistent as due to the frequent algo changes. 

If that is true then maybe rather than buying new GPUs to replace my 4gb cards, perhaps I should invest in ryzen cpus and mobo to and move from GPU mining to CPU mining? 

Not too sure.  I am ready to make new tech investments to replace by 2017 investment, just not sure where to put my money GPU or CPU.

Thoughts?  Ideas?

[GabryRox]

Good to think ahead and I'm in a similar boat as you will 4 rx 470 4GB rigs that will no longer mine ETH come December.

However, regarding your concern about the apparent forthcoming ETH 2.0... while this implementation will likely eventually end ETH mining, there are a few things to keep in mind.  First, who knows when they will actually pull the trigger on this. They've already had many delays and even though it seems to be coming soon, I'm not holding my breathe.  In addition, they have already said that even when eventually implemented, it will be a hybrid model (meaning you can still mine) for some time.  Many people estimate this hybrid will last between 1-2 years. So, I expect ETH mining to continue to be profitable for 6GB+ GPUs for probably at least 1.5 years, assuming of course that prices stay on the high side ;-)

[john1010]

It is hard to say that RX 500 4gb series GPU's are not capable of mining eth neither etc this coming october to december, I just rebuild my gpu rig again after of lessthan 2yrs that i shut it down, anyway there's a lot of coin listed in whatomine that are capable to mine with our gpu.

[Metroid]

The good thing about eth 2.0 is nvidia or amd will have no reason to charge these stupid prices anymore for their gpus. rtx 3900 for 2000 usd? what the hell, a normal 3080 for $999, prices used to be half of what they want at moment.

[cryptovigi]

I think that diversifying your rings between GPU and CPU may be a good idea. Currently, there are a lot of coins that ryzen processors work well. In addition, and after the GPU floods the market after the end of ETH mining, a big problem with excess GPU may arise...
Unless you look in the short term - 1 year then, as GabryRox said, maybe it won't be that bad ...

[fmz89]

The good thing about eth 2.0 is nvidia or amd will have no reason to charge these stupid prices anymore for their gpus. rtx 3900 for 2000 usd? what the hell, a normal 3080 for $999, prices used to be half of what they want at moment.

2000$ for nvidia gpus not because miner..

[jmigdlc99]

The good thing about eth 2.0 is nvidia or amd will have no reason to charge these stupid prices anymore for their gpus. rtx 3900 for 2000 usd? what the hell, a normal 3080 for $999, prices used to be half of what they want at moment.

2000$ for nvidia gpus not because miner..

It actually partly is. Back in 2017 before GPU and ETH mining was a thing, GPUs were dirt cheap compared to the current pricing.

To illustrate, i bought a 1080ti for $750 before it all started -  when the mining craze started, the price went even up to $1250 because it kept getting sold out/out-of-stock at lower prices. Why would companies now sell for a lesser amount when people are buying it all up at $1200++? So logically: the demand influences the price - a huge part of demand came/comes from GPU mining farms.

[Skinny48]

Hello everyone,

I jumped onto the crypto mining scene back in Sept of 2017.  Bought my first 6 x 1070 rig 8 gb, and then went on to buy 4 more rigs of 5 rigs of 4x x rx580 4gb cards.  As we all know, the crypto world went upside down between then and now, but I have continued to mine 100% for the entire time.

Now my 4gb cards are coming to an end as eth DAG reaches 4 GB, and eth 2.0 around the corner.  When eth 2.0 comes, I am 100% confident we will see HUGE amounts of hash power from GPUs move to other coins (ie RVN,etc) and will make all GPU minable coins not be profitable anymore due to saturation.

If that is true, then what mining options are there outside of asic BTC mining?  Well there is always XMR.  That coin seems to be very mature, has an excellent roadmap when it comes to being asic resistent as due to the frequent algo changes. 

If that is true then maybe rather than buying new GPUs to replace my 4gb cards, perhaps I should invest in ryzen cpus and mobo to and move from GPU mining to CPU mining? 

Not too sure.  I am ready to make new tech investments to replace by 2017 investment, just not sure where to put my money GPU or CPU.

Thoughts?  Ideas?

Mining XMR with ryzen CPU won't bring good profits unless you are able to get those CPU for dirty cheap price, there are other profitable Algorithms you can switch to instead of throwing away your rx470 like KawPow or Beamhash or even other new Ethash coins