gpu bubble well and truly bursting

[gotminer]

was able to get a couple 1080s yesterday for good prices finally. gota be quick on the sticks and have conviction on not paying more than you should but options are slowly starting to come back.

Ya I grab a couple 1080 ti's as well. Hopefully the trend continues down.

Retailers are now trying to screw people over like the resellers have been doing for several weeks.  I paid $799 for 1080ti's from B&H in mid Jan.  Same card is $1129 from B&H now that they have them in stock again.

Hopefully people are not buying them.  Put these idiots in their place.

[treanski]

is gpu mining already dead or still dying?

[Juggar]

is gpu mining already dead or still dying?

Fully alive wtf hahahahahaaha.

As long as it remains profitable to do so, we will do it.

[gotminer]

is gpu mining already dead or still dying?

Fully alive wtf hahahahahaaha.

As long as it remains profitable to do so, we will do it.

And even if it becomes unprofitable.  I'll still be mining.

[gotminer]

is gpu mining already dead or still dying?

Lol. GPU mining won't die in near future.
And just by the way... for example ETH needs miners to confirm transactions and there are no ASIC-miners - if GPU mining dies there could be a problem.

ETH is far from the only game in town as far as gpu mining goes.

[treanski]

i´ve been just kidding guys

[blockchange88]

etherum is stupid, and vitalik is a cry baby. ETC is the real etheruem. i cant wait for etherum to go POS and die like a Piece of Shit.

[Xenoblate]

etherum is stupid, and vitalik is a cry baby. ETC is the real etheruem. i cant wait for etherum to go POS and die like a Piece of Shit.

I think the ETH will go to PoS slowly. It might take a few years. So you might be disappointed.

[Ketariz]

is gpu mining already dead or still dying?

It is dying. If the 1080Ti price is $500, then it is completely dead.

[Altcoindealer]

Actually they are just to many miners online. So you just have to think that there were also a lot of miners one year ago and the prices wasnt that high. So there are a lot of people who works in electricity plants and mine secretly. Or any other places at work where they have electricity for free. So all people thinks that the people stop to mine when the price drops. But there are also many people who continue mining although the electricity price is higher. But those people are just waiting until the price rises again.

[dave4925]

I'm still waiting for when high end rx 580 8gb cards are under $275.
Right when ethereum started to get popular to mine and before the demand swarm, I picked up a pair of sapphire rx 480 nitro+ 8gb cards for $265 each from newegg then amazon.
The next week I scored a two month used MSI armor OC rx 480 8gb off craigslist for $140, mint condition.

[DevelopmentBank]

etherum is stupid, and vitalik is a cry baby. ETC is the real etheruem. i cant wait for etherum to go POS and die like a Piece of Shit.

I think the ETH will go to PoS slowly. It might take a few years. So you might be disappointed.

ETH POS is becoming a reality sooner than you think. The ETH dev team has really been active and with the new threat of Bitmain's ETH ASIC they have further prioritized the development of Casper sharding and eventually POS.

Anyone can actually check on ETH development status on github. They have regular dev call meetings and updates to ETH are coming in slow but steady.

[Bamsed]

etherum is stupid, and vitalik is a cry baby. ETC is the real etheruem. i cant wait for etherum to go POS and die like a Piece of Shit.

I think the ETH will go to PoS slowly. It might take a few years. So you might be disappointed.

ETH POS is becoming a reality sooner than you think. The ETH dev team has really been active and with the new threat of Bitmain's ETH ASIC they have further prioritized the development of Casper sharding and eventually POS.

Anyone can actually check on ETH development status on github. They have regular dev call meetings and updates to ETH are coming in slow but steady.

I think it will be later next year for the PoS to be implemented properly.

[mindrust]

etherum is stupid, and vitalik is a cry baby. ETC is the real etheruem. i cant wait for etherum to go POS and die like a Piece of Shit.

I think the ETH will go to PoS slowly. It might take a few years. So you might be disappointed.

ETH POS is becoming a reality sooner than you think. The ETH dev team has really been active and with the new threat of Bitmain's ETH ASIC they have further prioritized the development of Casper sharding and eventually POS.

Anyone can actually check on ETH development status on github. They have regular dev call meetings and updates to ETH are coming in slow but steady.

Luckily, GPU mining =/= ETH.  ETH made its decision, time to get over with it.

There are Monero, Bitcore, Raven and all three of them give more profits than ETH already. Raven and Bitcore are small projects compared to Monero though Raven might become very big by the end of this year. There will always  be a big project which prefers GPUs over ASICs.

But spreading FUD about GPU's is good. I'll buy all the cheap GPU's from ETH miners.

[gameboy366]

etherum is stupid, and vitalik is a cry baby. ETC is the real etheruem. i cant wait for etherum to go POS and die like a Piece of Shit.

I think the ETH will go to PoS slowly. It might take a few years. So you might be disappointed.

ETH POS is becoming a reality sooner than you think. The ETH dev team has really been active and with the new threat of Bitmain's ETH ASIC they have further prioritized the development of Casper sharding and eventually POS.

Anyone can actually check on ETH development status on github. They have regular dev call meetings and updates to ETH are coming in slow but steady.

Luckily, GPU mining =/= ETH.  ETH made its decision, time to get over with it.

There are Monero, Bitcore, Raven and all three of them give more profits than ETH already. Raven and Bitcore are small projects compared to Monero though Raven might become very big by the end of this year. There will always  be a big project which prefers GPUs over ASICs.

But spreading FUD about GPU's is good. I'll buy all the cheap GPU's from ETH miners.

I personally think that Bitcore is overrated. Sure it is good for mining and it is a big and legit project but beyond mining I can't see any real world use with it. It doesn't bring anything new or exclusive to the table that dozens of other coins haven't or can't. It won't be one of the 1% coins that will survive in the distant future. What do you think ?

[Suslived]

Luckily, GPU mining =/= ETH.  ETH made its decision, time to get over with it.

Actually, ETH === GPU mining.

You're a legendary account and you should know by now that if and when ETH moves to POS. All those 8 million GPUs will mine the shit out of any and all those other coins you mentioned. Difficulty for the entire mining scene will increase and only the industrial miners with almost free electricity will remain.

[leonix007]

Luckily, GPU mining =/= ETH.  ETH made its decision, time to get over with it.

Actually, ETH === GPU mining.

You're a legendary account and you should know by now that if and when ETH moves to POS. All those 8 million GPUs will mine the shit out of any and all those other coins you mentioned. Difficulty for the entire mining scene will increase and only the industrial miners with almost free electricity will remain.

Nah..

Real miner knows what to dig, and unfortunately ETH is not that profitable compared to other coins

AFAIK, GPU's already started out seeking other coins to mine than eth, interestingly that the difficulty right now might be an ASIC mining somewhere

added some stupid vitalik declaration not to go against ASIC for the meantime

[gameboy366]

Luckily, GPU mining =/= ETH.  ETH made its decision, time to get over with it.

Actually, ETH === GPU mining.

You're a legendary account and you should know by now that if and when ETH moves to POS. All those 8 million GPUs will mine the shit out of any and all those other coins you mentioned. Difficulty for the entire mining scene will increase and only the industrial miners with almost free electricity will remain.

Nah..

Real miner knows what to dig, and unfortunately ETH is not that profitable compared to other coins

AFAIK, GPU's already started out seeking other coins to mine than eth, interestingly that the difficulty right now might be an ASIC mining somewhere

added some stupid vitalik declaration not to go against ASIC for the meantime

It doesn't matter if ETH is less profitable compared to other coins. The problem is that majority of miner still mine ETH and once it goes POS it will be problem for guys those who don't mine ETH. But new coins will keep coming and maybe the coins that will replace most of the coins haven't even arrived yet.

[mindrust]

Luckily, GPU mining =/= ETH.  ETH made its decision, time to get over with it.

Actually, ETH === GPU mining.

You're a legendary account and you should know by now that if and when ETH moves to POS. All those 8 million GPUs will mine the shit out of any and all those other coins you mentioned. Difficulty for the entire mining scene will increase and only the industrial miners with almost free electricity will remain.

And you are a member account owner who doesn't know it is a self fixing problem.

There are 2 types of mining:

1-Profit mining (that's what nicehash users do basically, mine and dump for USD/BTC to pay rent)
2-Speculative mining (mine and hold)

I would mine Ravens even if it wasn't profitable to mine right now because I expect a value increase in the future. (I too expect a value increase for bitcore, but not as much as Raven, which is very clear in my first message)

Not everybody will be mining at a loss. I am not saying ETH's decisions won't damage GPU mining industry, it will. Some people just will have to quit mining that's all. (Mostly big industrial GPU farms since they have to pay huge electric bills and they need to dump what they mine to pay those bills.) I don't care a bit. Those farms are already a threat to decentralization. I have no problems with they are going out of business.

I can gladly help to secure Monero or Raven network with my hobby GPU rig because I can afford to pay for the electricity.

If those farms decide to switch to speculative mining like me, I am OK with that too. It means they can afford to do it. I don't care, it is their risk not mine.

[JaredKaragen]

Luckily, GPU mining =/= ETH.  ETH made its decision, time to get over with it.

Actually, ETH === GPU mining.

You're a legendary account and you should know by now that if and when ETH moves to POS. All those 8 million GPUs will mine the shit out of any and all those other coins you mentioned. Difficulty for the entire mining scene will increase and only the industrial miners with almost free electricity will remain.

OK; this debate right here, is why I take everything said about what "must" and/or "is" with a pound of salt at the minimum.

ETH has been GPU based;  By intent.  Yes.

I have noticed many hundreds+ of people referring to their world ending when ETH tanks in price.  Almost ALL of these people are AMD card owners.   And the same thing happening when the Bitmain ASIC came out of the closet...

I am AMAZED at how much people sank into ETH;  especially given all of it's vulnerabilities and failures in the past (as well as future to be expected).  If people truly understood the price compared to supply;  and how easily it all can crumble away....   When ETH goes POS;  people will begin to realize things.......  Mark my words.  Price will reflect it some time after the switch.  People don't see the effect POS has on coins.  It's likened to any "Investbox" type of deal.....  I see downward spirals.....

But again;  this is only my intuition.  Take it with a grain of salt.

Its up to you to keep on track of what's possible and to seek it out; if profitability drives you to that point.   At no one point did I consider shutting down when profitability dwindled;  instead I did come research and kept my head above water.

FYI guys; it looks like an xevan ASIC may be working stealthily in the background....   nethash seems to be outgrowing reality..... quickly.