GPU vs ASIC and the life of bitcoin

[coindude2017]

i understand that if you want to mine then you should use an ASIC miner which is all good but why are there still alot of people in this era still using graphics cards such as 11GB NVIDIA GeForce GTX 1080 Ti which is the newest card that NVIDIA have brought onto the market, there is a very very mixed review on what you should be using in order to mine.

i understand that its better to be part of a pool, which i can understand and can see the benefits of...and then of course we are coming in 2018 and from my understanding these are the stats left in the life of

bitcoinBitcoin Block Reward Halving Countdown
Total Bitcoins in circulation:   16,733,888
Total Bitcoins to ever be produced:   21,000,000
Percentage of total Bitcoins mined:   79.69%
Total Bitcoins left to mine:   4,266,113
Total Bitcoins left to mine until next blockhalf:   1,641,113

bitcoin started back in 2009 and we are 7 years in so in the next 3 1/2 maybe 4 1/2 (and maybe abit) years (at a push) there is no going to be nothing left to mine....

 ive already moved half of my bitcoin to ether and then what ever i get from bitcoin i will reinvest into either.....i will continue to mine bitcoin until the end but i want to get the best out of both world (because im bloke and thats what us blokes like best of both worlds) and use whatever newest technology like the GTX 1080 and mine bitcoin and ether would this be considered a good investment are there even rigs for this type of investment

?

[Raegorl]

If you have good GPUs, you can use them to mine other coins. Bitcoin is not profitable anymore unless you're using newest generation asic miners.

With GPUs you can mine ethereum, vertcoin and many other good cryptocurrencies. Then you can trade those for bitcoin if that is what you wish.

[salihno71]

Bitcoin can be mined by GPU but you will not be able to earn more than a few cents per month. Mining altcoins on the other hand can be profitable and if you want to get into mining with GPU, check on the altcoins. If you want to mine bitcoin, you need ASIC miner, and even then the only way you'll ROI if you keep your coins and wait for the price to go up.

[stompix]

bitcoin started back in 2009 and we are 7 years in so in the next 3 1/2 maybe 4 1/2 (and maybe abit) years (at a push) there is no going to be nothing left to mine....

 ive already moved half of my bitcoin to ether and then what ever i get from bitcoin i will reinvest into either.....

Ether?  Be serious.

First, do your homework.
We will still be mining 12.5 coins for 3 years and  6,25 coins a block in 2024.
It's going to take a decade or so till the reward drops below 1 whole bitcoin. How much will it be by then?

Second...
Forget anything related to GPU while thinking about mining.
GPU is dead for bitcoin mining, it was so 4 years ago it will still be no matter what card you're going to use.
That card is only capable of nearly 1GH/s, an S9 is doing 14TH/s.

[-ck]

See:
https://bitcointalk.org/index.php?topic=2415854.0

[SamReomo]

I agree with your point of view and I think that I know that those people are using Graphic cards to mine instead of using some great ASIC miners like ANTMINER S9. Those people are using graphics cards might not have enough cash or enough space to buy or put their Asic miners, or they might not like the noise that comes from those miners.
The graphic cards are not noisy, and they can be fit into any place. ASIC miners are more power hungry and they are very noisy by nature. Those people should mine other altcoins with GPU's than Bitcoin because the other coins will make them some profits. Ethereum is a great choice for those people. They should mine Ethereum instead of Bitcoin.

[flippener]

ive already moved half of my bitcoin to ether and then what ever i get from bitcoin i will reinvest into either.....i will continue to mine bitcoin until the end but i want to get the best out of both world (because im bloke and thats what us blokes like best of both worlds) and use whatever newest technology like the GTX 1080 and mine bitcoin and ether would this be considered a good investment are there even rigs for this type of investment

Do you really mean that - because it makes no sense. Bitcoin is going to the moon while Ether dives, relatively. And you don't mine Bitcoin with GPUs. It would make sense if you used your GPU to mine Ether and you converted that Ether into Bitcoin.

[heartelite]

If you were to use graphics cards to mine bitcoins, you would immediately see that it is simply not profitable. If you are planning to mine for bitcoins either do it with a specialized hardware like ASICs or just go for cloud mining.