ASIC or GPU mining?

[greyday]

Why not? All online marketplace in my country are full of propositions of constructing GPUmining farm. And, as I can see, it is very popular service. Persons don't want to risk and buy ASICs. Gamers would buy your GPUs with great pleasure, but what about ASICs.

I know that can earn more with ASICs, but if there will be panic on market, it would be hard to sell hardware...

Not to speak for the poster, but my two cents: I read that as in reference to specific coins, that if ASIC mining is available for that coin then it is the way to go because a current ASIC chip geared for a specific coin will outperform a current GPU on that same coin, pretty much always, that's what it's designed to do. For general mining, you can still profit significantly with gpus though (look at the profits from the D3 vs 4 580s, but also look at 5 580s vs an L3+; it's all relative).

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[Agozyen]

I agree with previous post. ASIC will provide faster ROI. Also, keep in mind that ASIC are very loud.

The downside to ASICs is that you have to upgrade if you want to stay competitive.  At some point better and more efficient ASIC's will be  released, and if you don't upgrade you will not earn as much because your overall percentage of hashpower thrown at the network has gone down while difficulty (probably) has gone up.  If you go with ASICs make sure you aren't buying last years models.

GPUs have better resale value and the difference in hashrate from on generation to the next is usually not that bad.

[Maren]

I agree with previous post. ASIC will provide faster ROI. Also, keep in mind that ASIC are very loud.

The downside to ASICs is that you have to upgrade if you want to stay competitive.  At some point better and more efficient ASIC's will be  released, and if you don't upgrade you will not earn as much because your overall percentage of hashpower thrown at the network has gone down while difficulty (probably) has gone up.  If you go with ASICs make sure you aren't buying last years models.

GPUs have better resale value and the difference in hashrate from on generation to the next is usually not that bad.

Epecially now as they hit a mayor roadblock in chip minituarization. Newer gen GPUs will have 10% better hashrate at best and for at least a year and a half when ETH allegedly turns PoS mining profits should be stable.

It is true, however that there is a lot less hassle with ASICS and they ROI faster. Downside is complete lack of resale value and you need a garage to put them in because they are LOUD.

[titibach]

I think GPU mining would be better. Because GPU is less costlier compared to ASIC and therefore you can purchase a number of GPU more than the ASIC. Am not so familiar with ASIC mining. You can take advice from other people also.

[tenebriscaelum]

It depends on what type of cryptocurrency are you going to mine. ASIC can only mine a specific but can can also mine different coins depending on the ASIC module. But if you will be mining different coins or tokens then definately go with GPU mining.

[Lonsdayl]

GPU mining income is way more stable. RX470 were making ~$1 per day a year ago, still making $1.5 per day now. As for ASICs, just go to forum threads about Antminer D3 and you will see how happy people were in the beginning making $100 day and how pissed off, getting $5 per day with no chance of ROI. Much shorter warranty on ASICs is another factor to consider.

It's very unpleasant. I would not want to be in a similar situation. In other side, I see that GPU mining has more advantages than ASICs. Thanks for your advice.

[greyday]

GPU mining income is way more stable. RX470 were making ~$1 per day a year ago, still making $1.5 per day now. As for ASICs, just go to forum threads about Antminer D3 and you will see how happy people were in the beginning making $100 day and how pissed off, getting $5 per day with no chance of ROI. Much shorter warranty on ASICs is another factor to consider.

It's very unpleasant. I would not want to be in a similar situation. In other side, I see that GPU mining has more advantages than ASICs. Thanks for your advice.

This also. You never know. I thought that the D3 I ordered from Bitmain (arriving end of the month) was a slam dunk and that I'd made a mistake overpaying for an L3+ from a third party seller on Amazon. The L3+ is still bringing in around $18-25/day consistently, the D3 has gone from around $150/day when I ordered it to $5/day and I don't even have it yet...

Point is it is all a crapshoot, and just make the calls that make the most sense to you. The upside to GPUs is that you can start small and expand as you go, so the upfront cost can be less. I would also point out that the D3 is still profitable, it will just take a lot longer to reach your ROI (especially once the November and December batches ship), but even at $5/day with the stock miner at stock settings, it's still profiting $2-3/day on Dash. That's not a lot and will take around two years at that price to ROI, but depending on when better X11 miners are released and also how DASH and other X11 coins hold or go up/down in value, you still can recoup faster (example: if you are using Nicehash and had been getting paid out in Bitcoin all last month, everything you got paid is now worth twice as much if you held it).

It's all about strategies, but yes, the D3 turned out to be a poor choice, I really wish I'd just bought a second L3+, but again, live and learn. GPUs I bought that I thought would take 8 months to ROI have already done it in 3, others not as quickly. Just don't put money in you can't afford to lose and learn as much as you can about the coins you're mining and you'll do fine.

[dawidt]

ASIC= loudness but no problem with configure hardware
GPUs= quiet but many technical problems

i think for beginners better will be ASIC.

[MinerHeavenAustria]

Our company is only mining with GPUs at the moment. But at the beginning with such a small investment i would recommend you to get an asic miner => And invest the profit into GPU Rigs.

[greyday]

ASIC= loudness but no problem with configure hardware
GPUs= quiet but many technical problems

i think for beginners better will be ASIC.

I use EthOS for my gpu rigs, I have had zero technical problems on my side (I have had some rare poolside problems with newer coins, but that's to be expected every now and again). Not an advert for them, I just like the OS. It IS $40/rig, but I like that it's upfront and not monthly, and having started by trying to build linux distros myself for my first rig, I am much, much happier with the plug and play nature of it. You don't even need to know much Linux/Unix, there is a very simple commands guide that is pretty much all you need...

I have heard good things about other mining OSes as well, not saying EthOS is better or worse than any of them, just that I never seem to have any technical issues with GPUs. But you are right, if you just want to mine simply and in one pool in a "set it and forget it" way, then ASICs are definitely the way to go. Plus it's easier to use them as space heaters.

[orcvoin]

We need a safer asset, these are video cards. Asics assume big risks, but money returns quicker. Asics is more for professionals, for $ 3000 it's better to take a few GPU farms, or one farm for gtx 1080ti. Three years warranty will override any risks and difficulties with customization. Asics is preferably used in China.

[scryer108]

I would not use GPU because u will miss your internet bandwidth for the little profit from it. I have a baikal mini i love it, a antminer U3 63gh batch 2 and 3 gridseed g-blades I wish i had more hashing power but these are not bad.

[greyday]

I would not use GPU because u will miss your internet bandwidth for the little profit from it. I have a baikal mini i love it, a antminer U3 63gh batch 2 and 3 gridseed g-blades I wish i had more hashing power but these are not bad.

Internet bandwith? I'm running two gpu rigs and neither uses any more bandwith than my ASIC (none of them use a noticeable amount). My rigs certainly cost more than my L3+ and make less per day, but they also will continue to make the same amount for far longer than an ASIC.

[alexrossi]

In two words: GPU rigs

Basically because they loose less value compared to ASICs, generally there are a couple of decently profitable algos, and you aren't in direct competition with the producer (AMD/NVIDIA)

[dadesu]

Gpu mining is much better because when you buy hardware you can use it for long time.
For example I know some peoples are very happy even today with old 7970 amd cards for about 5 years in mine.
And asic can't be used for long time.

[patofet]

I prefer GPU mining beacuse if something goes wrong you can use them to play games or you can sell it

[hamaranta]

i think using gpu more profitable. antminer can be expired nothing can do except for mining. who wont to buy it. but gpu i can sell for gaming user.

[sigtmerchant]

Liquidity is the only issue for ASICs, you can't just sell them quick like GPUs. And few models might come handy in future, demending on the algo they support (NOT Scrypt of SHA-256 LOL).

[swogerino]

Asics are more profitable in the beginning but once many asics miner join in the difficulty skyrockets and the profitability goes only in one direction, down.

With graphic cards mining you have a bit of more options to try if some coin is not profitable anymore. Look at what Monero developers did to stop the asic invasion, they forked the coin to be asic resistant. For 2-3 days the profitability of Monero in V7 is better than Ethereum although we know this will not be the case for long.

I would go for graphic cards mining as they have also resale value after some time, asics have not unless some person with free electricity buys them.

[togoshigekata]

What about CPU Mining?
There are great coins like BiblePay that are CPU ONLY