(GPU Mining) First Bitcoin... Then Ethereum... What next?

[Raja_MBZ]

OK, so the difficulty has been pumping off in Ethereum mining, just like it happened in Bitcoin when people used to mine it with GPU (I don't think so that people still mine Bitcoin much with GPU).

https://etherscan.io/charts/difficulty

So my question is, within the current conditions, what cryptocurrency do you guys think the GPU miners will move to after Ethereum becomes a loss to mine? Vertcoin? Is someone already mining it with GPU? If so, any profit being generated?

[bathrobehero]

There's a difficulty bomb in place for Ethereum which means the difficulty keep increasing regardless of miners:

Difficulty adjustment scheme

A lot of you have been wondering how we would implement a switch from PoW to PoS in time for Serenity. This will be handled by the newly introduced difficulty adjustment scheme, which elegantly guarantees a hard-fork point in the next 16 months.

It works as follow: starting from block 200,000 the difficulty will undergo an exponential increase which will only become noticeable in about a year. At that point (just around the release of the Serenity milestone), we’ll see a significant increase in difficulty which will start pushing the block resolution time upwards.

So, a year on, the network will continue to be useful for roughly 3-4 months, but eventually will reach an ‘Ice Age’ of sorts: the difficulty will simply be too high for anyone to find a block. This will allow us to introduce PoS, perhaps via Casper, if it proves itself.

Nobody GPU mines Litecoin anymore. It's ASIC territory, just like Bitcoin.

[Amph]

are other ethereum clone affected by this shitty diff  scheme? i hope not

[Raja_MBZ]

There's a difficulty bomb in place for Ethereum which means the difficulty keep increasing regardless of miners:

Difficulty adjustment scheme

A lot of you have been wondering how we would implement a switch from PoW to PoS in time for Serenity. This will be handled by the newly introduced difficulty adjustment scheme, which elegantly guarantees a hard-fork point in the next 16 months.

It works as follow: starting from block 200,000 the difficulty will undergo an exponential increase which will only become noticeable in about a year. At that point (just around the release of the Serenity milestone), we’ll see a significant increase in difficulty which will start pushing the block resolution time upwards.

So, a year on, the network will continue to be useful for roughly 3-4 months, but eventually will reach an ‘Ice Age’ of sorts: the difficulty will simply be too high for anyone to find a block. This will allow us to introduce PoS, perhaps via Casper, if it proves itself.

Nobody GPU mines Litecoin anymore. It's ASIC territory, just like Bitcoin.

So no replacement of Ethereum once it becomes extremely hard on GPU mining? What about Dash?

I'm planning to purchase GPU of $200-$300 and then buy more time-to-time. But it'd be pretty bad to see once ether mining becomes useless. GPU miners will have to explore some sort of replacement.

[bathrobehero]

are other ethereum clone affected by this shitty diff  scheme? i hope not

I don't think so. Its sole purpose as far as I understand is to act as a transition from PoW to PoS. I'm not sure why they didn't decrese the blockreward instead.

So no replacement of Ethereum once it becomes extremely hard on GPU mining? What about Dash?

I'm planning to purchase GPU of $200-$300 and then buy more time-to-time. But it'd be pretty bad to see once ether mining becomes useless. GPU miners will have to explore some sort of replacement.

Dash is x11 and there are x11 ASICs which means it's a bad choice for GPU mining.

[9feet]

dude everybody got you backward dash and ltc ? come on their gpu days are all over  ... there's simply no way to tell but the next gpu coin will always come around.

btc..ltc..vtc..drk/dash..and eth now..

vtc is always a gpu coin as the coin devs determined to keep it that way.

[Useli Violent]

OK, so the difficulty has been pumping off in Ethereum mining, just like it happened in Bitcoin when people used to mine it with GPU (I don't think so that people still mine Bitcoin much with GPU).

https://etherscan.io/charts/difficulty

So my question is, within the current conditions, what cryptocurrency do you guys think the GPU miners will move to after Ethereum becomes a loss to mine? Vertcoin? Is someone already mining it with GPU? If so, any profit being generated?

Ha, ha - that is the $64MM question everyone and their brother would like to know...

[Tmdz]

Ether is holding the entire gpu mining scene up.

Once it gets too hard we can hope that another coin will become very wealthy but so far nothing can match the profit of ether.  There is no clear option at this point though so just enjoy it while it lasts

[EssentialCoin]

dude everybody got you backward dash and ltc ? come on their gpu days are all over  ... there's simply no way to tell but the next gpu coin will always come around.

btc..ltc..vtc..drk/dash..and eth now..

vtc is always a gpu coin as the coin devs determined to keep it that way.

From the middle of 2014 to middle of 2013, there was not many profitable coins to mine. That is a whole year.

[Liquid71]

The next big thing to mine is Shitcoin




After Ether everything will be unprofitable and GPU's will be selling dirt cheap. Until enough rigs are sold and turned off GPU mining will be much like after litecoins bust, pointless.

[dannygroove]

Its never pointless to lucky ones with free electricity.

[Charloz24]

The next big thing to mine is Shitcoin




After Ether everything will be unprofitable and GPU's will be selling dirt cheap. Until enough rigs are sold and turned off GPU mining will be much like after litecoins bust, pointless.

I was thinking THAT EXACT thing in summer 2014, GPU mining is now dead. 2 years later I have 18 GPU mining 

And this time, BTC is rising.... that change a lot of things....

[Raja_MBZ]

This makes me really confused, whether I should spend off my money on GPU's and start mining ether or just leave it as it can become useless very soon. I remember the last time I purchased a good GPU back in 2010 for $250, I sold it for $25 in 2014, so if this drama of ether GPU mining ends up, my GPU would definitely get wasted off.

Is someone around here mining Monero? Maybe that's the coin to mine with GPU along with a bit of profit.

[tntdgcr]

This makes me really confused, whether I should spend off my money on GPU's and start mining ether or just leave it as it can become useless very soon. I remember the last time I purchased a good GPU back in 2010 for $250, I sold it for $25 in 2014, so if this drama of ether GPU mining ends up, my GPU would definitely get wasted off.

Is someone around here mining Monero? Maybe that's the coin to mine with GPU along with a bit of profit.

the right GPUs or the right combos of parts can be resold to many other markets then miners. So it sounds like ETH mining for you , see how 2016 shakes out , maybe mine an alt , or hold some for a paid off gaming computer. If / when another GPU coin comes around, you might also be ready in waiting.

[Amph]

This makes me really confused, whether I should spend off my money on GPU's and start mining ether or just leave it as it can become useless very soon. I remember the last time I purchased a good GPU back in 2010 for $250, I sold it for $25 in 2014, so if this drama of ether GPU mining ends up, my GPU would definitely get wasted off.

Is someone around here mining Monero? Maybe that's the coin to mine with GPU along with a bit of profit.

it's still very profitable, so yes go ahead and buy a gpu to mine if you can, also bitcoin skyrocketing make this even more profitable despite the little crash in ethereum price

[FruitBucket]

This makes me really confused, whether I should spend off my money on GPU's and start mining ether or just leave it as it can become useless very soon. I remember the last time I purchased a good GPU back in 2010 for $250, I sold it for $25 in 2014, so if this drama of ether GPU mining ends up, my GPU would definitely get wasted off.

Is someone around here mining Monero? Maybe that's the coin to mine with GPU along with a bit of profit.

In 2014, there were not many profitable coin to mine. The 2010 GPU is useless in 2014 mining any way. That is earlier than the 5870.

[AveryWeb]

I started mining BikerCoin (BIC) yesterday using my cpu (GPU also can be used) They are new and are easy to mine. I am using a low grade Intel Quad Core 2.4GHZ with a low 1GB video card.

In my first 17 hours I have received 126.1 BIC with an average hash rate of 50 H/s and using an average of 90% of my resources. Now granted I am taking a risk as there is no guarantee this coin will move anywhere but I am sitting on a potential gold mine even if they only move to the level of the Litecoin is currently at.

I do plan on upgrading my system once I read more about mining and what I actually need. I know Bitcoin is useless unless you have a massive rig so started here.

The coin officially launched on June 7th and was not horded by the developers. Your mining results are dependent on your system. I had my rig set up in under 5 mins using MinerGate.

Time will tell if this coin is successful or not but it does have potential! For more details visit:

http://bikercoin.org/

This is the mining pool I am currently using.

http://pool.bikercoin.org/

Not sure if this is the only pool available or if there are others as I am just starting out. Best fo luck to those that choose to give this coin a run.

[limbaugh]

This makes me really confused, whether I should spend off my money on GPU's and start mining ether or just leave it as it can become useless very soon. I remember the last time I purchased a good GPU back in 2010 for $250, I sold it for $25 in 2014, so if this drama of ether GPU mining ends up, my GPU would definitely get wasted off.

Is someone around here mining Monero? Maybe that's the coin to mine with GPU along with a bit of profit.

it's still very profitable, so yes go ahead and buy a gpu to mine if you can, also bitcoin skyrocketing make this even more profitable despite the little crash in ethereum price

It's almost always a bad investment. Mining may never be profitable again.

[Amph]

This makes me really confused, whether I should spend off my money on GPU's and start mining ether or just leave it as it can become useless very soon. I remember the last time I purchased a good GPU back in 2010 for $250, I sold it for $25 in 2014, so if this drama of ether GPU mining ends up, my GPU would definitely get wasted off.

Is someone around here mining Monero? Maybe that's the coin to mine with GPU along with a bit of profit.

it's still very profitable, so yes go ahead and buy a gpu to mine if you can, also bitcoin skyrocketing make this even more profitable despite the little crash in ethereum price

It's almost always a bad investment. Mining may never be profitable again.

i don't agree, i already roied on my gpu if i would sell them now, and this counting my high electricity

there profit to be made but you need to mine the most profitable each time, it's not always ethereum...

[FruitBucket]

This makes me really confused, whether I should spend off my money on GPU's and start mining ether or just leave it as it can become useless very soon. I remember the last time I purchased a good GPU back in 2010 for $250, I sold it for $25 in 2014, so if this drama of ether GPU mining ends up, my GPU would definitely get wasted off.

Is someone around here mining Monero? Maybe that's the coin to mine with GPU along with a bit of profit.

it's still very profitable, so yes go ahead and buy a gpu to mine if you can, also bitcoin skyrocketing make this even more profitable despite the little crash in ethereum price

It's almost always a bad investment. Mining may never be profitable again.

i don't agree, i already roied on my gpu if i would sell them now, and this counting my high electricity

there profit to be made but you need to mine the most profitable each time, it's not always ethereum...

ROI of GPU is different from ROI bitcoin ASIC miners. the only problem is that when we all sell the GPU at the same time, the price will crash.