GPU vs ASIC mining

[chrismontana]

hello everyone
so the thing is
with ASIC mining  you can mine one cryptocurrency
GPU can mine multiple
ASIC is heavy to ship (i live in syria so im looking for more than 500$ vat and weight)
thing to consider :
i have free electricity
the ASIC i wish to buy is  s9 or a couple of s7
the GPU i wish to buy is what i can get with 2000$ or a little more

which one to go for ASIC or GPU
what if BTC prise fall down
how much can i make with ASIC in a year considering difficulty

[unholycactus]

The value of altcoins is tied to Bitcoin. In other words, if Bitcoin goes down 10%, most coins go down 10% as well.
You can mine multiple coins with a SHA256 miner (Bitcoin).

The point about weight and what's available you is the most important in your case.

[swogerino]

ASIC miners cost a lot of money with S9 being found used at about 1500 dollars in big online markets like Amazon, Ebay ,Aliexpress etc. They consume usually more energy than a computer mining rig with multi graphic cards in it. Both takes time to ROI but you have better chance to resell your equipment when you mine with a PC with multi graphic cards rather than when selling an ASIC miner.

[philipma1957]

thank you for your response
i look at coin i can mine with SHA-256
all shity coin as far as i can tell
thank you i didn't know i can mine another coins
i suppose i can exchange them
you make good point to resell gpu
but im looking to the most profit in one year or so
and i think ASIC S9 ROI faster than GPU rig
what concerns me is the difficulty
if it goes up faster than expected
GPU rig will be most stable investment

BCC/BCH  is the best sha 256  other then BTC.  I would not say it is shitty.

The biggest problem with the S-9 is that it breaks often.  If you buy 10 of them you can move parts around and the breakdowns do not kill you.
If you buy 1 of them and the controller breaks you have nothing.

Gpu build are more durable and if you do 2 builds you have backup. They are better for you since you seem to suggest you are getting smaller amounts of gear not a dozen s-9's or 100 gpus.

[arpon11]

I don't think you can mine bitcoin core with graphic processing unit in 2017 and the current rate of bitcoin price. I have been consulting with expert in this field and most of them recommend that if I want to mining bitcoin, the best mining tool I should buy is s9. However if you want to mining altcoins you can go for gpu for the options of mining many different coins. I have also noticed that electricity is the major operational cost that one can have and once you can get this side of the business free you can go far in mining business.

[wpsimp]

The value of altcoins is tied to Bitcoin. In other words, if Bitcoin goes down 10%, most coins go down 10% as well.
You can mine multiple coins with a SHA256 miner (Bitcoin).

The point about weight and what's available you is the most important in your case.

I think since BTC was the pioneer of cryptos, you're right that for the most part, altcoins have only managed to get any value by riding on BTC's coattails so to speak. That said, BTC confirmations are taking longer and longer by the day, and no matter how many server farms we dedicate toward mining, that is only going to continue being the case. For people/wallets that are paying low miner fees when they make a transfer, it's already not really viable.

Plus, the blackhats that made BTC what it is today are gradually becoming less and less trusting of BTC due to it's not-as-anonymous-as-originally-purported nature, and they will begin to back a more secure/anon crypto (Monero, most likely). Mine Monero.

[cryenthu]

Wouldn't a variety be best? Both ASCI and GPUs.

[HeRetiK]

[...]

but im looking to the most profit in one year or so
and i think ASIC S9 ROI faster than GPU rig
what concerns me is the difficulty
if it goes up faster than expected
GPU rig will be most stable investment

Keep in mind that even with GPU mining you should be extra conservative when calculating your ROI. The top alts that allow for GPU mining are pretty overrun as well and small-cap alts tend to be pretty volatile in both hashrate and price.

[...]

Plus, the blackhats that made BTC what it is today are gradually becoming less and less trusting of BTC due to it's not-as-anonymous-as-originally-purported nature, and they will begin to back a more secure/anon crypto (Monero, most likely). Mine Monero.

I share your sentiment about XMR, but I'm afraid its boon of anonymity will also be its downfall in regards to mass adoption. Nonetheless I agree that there's still a lot of potential.

[dunfida]

hello everyone
so the thing is
with ASIC mining  you can mine one cryptocurrency
GPU can mine multiple
ASIC is heavy to ship (i live in syria so im looking for more than 500$ vat and weight)
thing to consider :
i have free electricity
the ASIC i wish to buy is  s9 or a couple of s7
the GPU i wish to buy is what i can get with 2000$ or a little more

which one to go for ASIC or GPU
what if BTC prise fall down
how much can i make with ASIC in a year considering difficulty

If you do concern on shipping expense then it will really cost you some money and asic are indeed heavy compared on GPU. Concerning profitability then you would really able to cherish out money on bitcoin mining since you do have free electricity but would be more worth it if you do go for medium-large scale mining the thing here is the difficulty do rise up as the days goes by expect for lesser and lesser profits on longer runs. There are mining calculator online which you can able to calculate possible profits on ASIC mining in a year.