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Author Topic: GPU mining will die in 2018!  (Read 16535 times)
Metroid
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January 19, 2018, 07:44:37 PM
Merited by CjMapope (3), senseless (2)
 #1

I see day by day, ASICS of many coins are launching, individually or multiple. Chinese companies are trying to kill the GPU mining market once again cause they are greedy, just like they did to Bitcoin and Litecoin. GPU Mining died in 2013 and was resurrected in 2015 with the Cryptocoins Generation 2.0, although many of you miners just started mining on 2016 due to huge pumps on those 2.0 cryptocoins.

As Cryptocoins got more popular than in 2011 - 2013. The new generation of Cryptocoins 2015 and afterwards are endangered by ASICS once again, and 2018 looks to be the year of per the title "GPU mining will die in 2018!".

Keep in mind that there are possible ASICS for ethash already for Q1, and even if ETH goes POS, ETC and other ethash coins will be only ASICS and if that happens only Equihash coins will be minable for a time and I have a word that there is already an ASIC in development for Equihash already and will start delivering in Q4 2018. As GPU mining keep gets scarce, other popular coins will have pumps and so ASICS will be born for them.

I want to know your thoughts about it and I wonder the limits of --> "where, there is money to be made, there is greedy"

Keep in mind that this price crashing we are seeing is due also to the fear of ASICS for most GPU mining coins.

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January 19, 2018, 07:47:49 PM
 #2

Equihash is very hard to build asics for due to the increase in memory requirements

but i dont think gpu mining will die, there are so many algorithms out there  , there should always be something to mine even when Eth ends
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January 19, 2018, 07:48:35 PM
 #3

I think i've heard that almost as many times as Bitcoin is dead. LOL.
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January 19, 2018, 07:48:54 PM
 #4

I see day by day, ASICS of many coins are launching, individually or multiple. Chinese companies are trying to kill the GPU mining market once again cause they are greedy, just like they did to Bitcoin and Litecoin. GPU Mining died in 2013 and was resurrected in 2015 with the Cryptocoins Generation 2.0, although many of you miners just started mining on 2016 due to huge pumps on those 2.0 cryptocoins.

As Cryptocoins got more popular than in 2011 - 2013. The new generation of Cryptocoins 2015 and afterwards are endangered by ASICS once again, and 2018 looks to be the year of per the title "GPU mining will die in 2018!".

Keep in mind that there are possible ASICS for ethash already for Q1, and even if ETH goes POS, ETC and other ethash coins will be only ASICS and if that happens only Equihash coins will be minable for a time and I have a word that there is already an ASIC in development for Equihash already and will start delivering in Q4 2018. As GPU mining keep gets scarce, other popular coins will have pumps and so ASICS will be born for them.

I want to know your thoughts about it and I wonder the limits of --> "where, there is money to be made, there is greedy"

Keep in mind that this price crashing we are seeing is due also to the fear of ASICS for most GPU mining coins.

anyone whom believes there are or will be asic's for Ethash is a dumb fool, there will NEVER be asics for that algo or any other asic resistant algo. there called that for a reason, so if you caught word of there being such devices why don't you share the source otherwise you are just blowing smoke up everyones ass. SHOW US THE PROOF that there is going to be an asic for equihash and or ethash

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January 19, 2018, 07:49:21 PM
 #5

Simple. Buy bitcoin gold if you feel this way.

I feel bitmain is invasive so I started loading up on btg. They took over Sia coin with their a3 miner. Sia devs threatened bitmain but have not took any definitive action. Bitcoin gold will

Bitcoin gold have no problems changing algos to be asic resistant.

The bitcoin community claims to be decentralized yet they keep buying bitcoin the most centralized coin being mined out by bitmain.

If you truly believe in decentralization you should be getting btg and not btc
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January 19, 2018, 07:58:50 PM
 #6

Equihash is very hard to build asics for due to the increase in memory requirements

but i dont think gpu mining will die, there are so many algorithms out there  , there should always be something to mine even when Eth ends

I mean, back in 2012, most of us believed Scrypt ASICs wouldn't be developed for a quite some time, but here they are, dominating LTC/DOGE and some others. At best, an algorithm can be resistant to develop high-performing dedicated devices for, but having an algorithm that's "ASIC-proof" is another matter.


I see day by day, ASICS of many coins are launching, individually or multiple. Chinese companies are trying to kill the GPU mining market once again cause they are greedy, just like they did to Bitcoin and Litecoin. GPU Mining died in 2013 and was resurrected in 2015 with the Cryptocoins Generation 2.0, although many of you miners just started mining on 2016 due to huge pumps on those 2.0 cryptocoins.

As Cryptocoins got more popular than in 2011 - 2013. The new generation of Cryptocoins 2015 and afterwards are endangered by ASICS once again, and 2018 looks to be the year of per the title "GPU mining will die in 2018!".

Keep in mind that there are possible ASICS for ethash already for Q1, and even if ETH goes POS, ETC and other ethash coins will be only ASICS and if that happens only Equihash coins will be minable for a time and I have a word that there is already an ASIC in development for Equihash already and will start delivering in Q4 2018. As GPU mining keep gets scarce, other popular coins will have pumps and so ASICS will be born for them.

I want to know your thoughts about it and I wonder the limits of --> "where, there is money to be made, there is greedy"

Keep in mind that this price crashing we are seeing is due also to the fear of ASICS for most GPU mining coins.
Perhaps it will remain a constant arms race, but there exists enough of a demand for ASIC-resistant algorithms that I find it hard to believe that, with such a diverse array of cryptocurrencies, there would be a time where ASICs phase out GPU miners in all areas. Don't forget the various ASIC announcements that have ended up being nothing more than vaporware.

Can you provide some evidence for the "fear of ASICs" being one of the causes for price crashes? This seems interesting.


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January 19, 2018, 08:03:36 PM
 #7

I think most of you know about envion ($100M raised couple of days ago at ico finish), so according to their video and details on the first MMU which is already working somewhere in Germany, the container has more than 400 GPU (!!!!!!) cards and 19 asics antminer s9. It was one of the most scaring fact in their ico using of that high part of GPU miners in that mobile mining unit.
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January 19, 2018, 08:05:31 PM
Last edit: January 19, 2018, 08:17:39 PM by Undefined31415
Merited by mdayonliner (1)
 #8

Simple. Buy bitcoin gold if you feel this way.

I feel bitmain is invasive so I started loading up on btg. They took over Sia coin with their a3 miner. Sia devs threatened bitmain but have not took any definitive action. Bitcoin gold will

Bitcoin gold have no problems changing algos to be asic resistant.

The bitcoin community claims to be decentralized yet they keep buying bitcoin the most centralized coin being mined out by bitmain.

If you truly believe in decentralization you should be getting btg and not btc

I mean, if you read the post and see the argument that equihash coins will also be dominated by ASICs, then BTG would likely not remain decentralized. (Of course, it would also depend on how competitive ASIC development for that algorithm became.) If you want to argue that it is simply not the case that a practical ASIC will be released for equihash, then you could say BTG will remain in the hands of GPU miners.

I see day by day, ASICS of many coins are launching, individually or multiple. Chinese companies are trying to kill the GPU mining market once again cause they are greedy, just like they did to Bitcoin and Litecoin. GPU Mining died in 2013 and was resurrected in 2015 with the Cryptocoins Generation 2.0, although many of you miners just started mining on 2016 due to huge pumps on those 2.0 cryptocoins.

As Cryptocoins got more popular than in 2011 - 2013. The new generation of Cryptocoins 2015 and afterwards are endangered by ASICS once again, and 2018 looks to be the year of per the title "GPU mining will die in 2018!".

Keep in mind that there are possible ASICS for ethash already for Q1, and even if ETH goes POS, ETC and other ethash coins will be only ASICS and if that happens only Equihash coins will be minable for a time and I have a word that there is already an ASIC in development for Equihash already and will start delivering in Q4 2018. As GPU mining keep gets scarce, other popular coins will have pumps and so ASICS will be born for them.

I want to know your thoughts about it and I wonder the limits of --> "where, there is money to be made, there is greedy"

Keep in mind that this price crashing we are seeing is due also to the fear of ASICS for most GPU mining coins.

anyone whom believes there are or will be asic's for Ethash is a dumb fool, there will NEVER be asics for that algo or any other asic resistant algo. there called that for a reason, so if you caught word of there being such devices why don't you share the source otherwise you are just blowing smoke up everyones ass. SHOW US THE PROOF that there is going to be an asic for equihash and or ethash

ASIC-resistant != ASIC-proof. ASIC-resistance makes people err on the side of caution when wondering whether or not it is worth risking an investment to attempt development of an ASIC for that particular algorithm. ASICs can still be designed, they just may not be cost-effective or superior to general computing devices in anything other than energy-efficiency.

However, I do agree with you that without sufficient evidence, I would not believe in a competitive ASIC for ethash or equihash. (Designing an energy-efficient ASIC is less difficult than designing one that is both efficient and with the power to mine competitively with GPUs without having to produce so many units that the cost becomes far too high for the performance.)


I don't think GPU mining guaranteeing decentralization. While production of GPUs remains in the hands of more reputable companies that actually distribute their products, at the core, GPU rigs are simply less scalable, and it is definitely not impossible for people to have giant mining farms, particularly in areas with low commercial electricity rates.

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alani123
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January 19, 2018, 08:05:49 PM
 #9

I don't think so. There will always be coins with a dedication to GPU and CPU mining. Vertcoin for example, Ethereum classic and the likes. There are even more ICOs that envision developing PC and even mobile mining to integrate the aspect of decentralized mining in their networks.
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January 19, 2018, 08:07:09 PM
 #10

I think GPU mining will not die so easily , but yes agreed with your thought. The way china is extending its power in the mining area through asic miners , it will get hard to rebirth GPU later. I hope it will resurrect in new speed.
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January 19, 2018, 08:09:31 PM
 #11

there will NEVER be asics for [...] asic resistant algo
Well said!
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January 19, 2018, 08:18:52 PM
 #12

This is something ive thought of alot these last fer months....! 

I'm a few GPU rigs in and have the funds to go further but I'm not to sure for my short terms gain plan....

Im pretty confortable in my medium and long term plans...

However short term im questioning not flooding my personal rackspace with ASICS rather than GPU rigs as both seem to be a nightmare to get hold of now?

Hmmmm dilema



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January 19, 2018, 08:20:58 PM
 #13

Been heavily mining (again) for ~7 months... all my hardware is over 2x ROI... and I still have the hardware which has value. I'm very pleased.

All along the way there have been people yelling about GPU mining crashing.

I wouldn't be surprised if it slowed down... but dying in 2018 ? I don't think so.

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
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January 19, 2018, 08:31:34 PM
 #14

One of the big factors which make an altcoin valuable is its mineability of end users with gpu.  I wouldnt even care or invest ETH if it wouldnt  be mineable bei GPU.

10  Normal miners-->Discover Altcoins --- if GPU mineable-->value increases as interest of people increases-->while mining easy -->>more valuable--->honey attracts big greedy guys--> developing asics --->lost of interest from end(home/basic) miners--->then search new mineable altcoins --> (big guys big investment -->manipulated big pumps of prices at exchanges , sell the asic mined coins to newbees and quit...
20  goto 10 ;
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January 19, 2018, 08:36:10 PM
 #15

One of the big factors which make an altcoin valuable is its mineability of end users with gpu.  I wouldnt even care or invest ETH if it wouldnt  be mineable bei GPU.

10  Normal miners-->Discover Altcoins --- if GPU mineable-->value increases as interest of people increases-->while mining easy -->>more valuable--->honey attracts big greedy guys--> developing asics --->lost of interest from end(home/basic) miners--->then search new mineable altcoins --> (big guys big investment -->manipulated big pumps of prices at exchanges , sell the asic mined coins to newbees and quit...
20  goto 10 ;
100%
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January 19, 2018, 08:44:59 PM
 #16

I think i've heard that almost as many times as Bitcoin is dead. LOL.

Hahah yep, remember when there were 10 articles like this pumped out on a daily basis?  https://motherboard.vice.com/en_us/article/evd7jj/etherium-miners-are-selling-their-graphics-cards

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January 19, 2018, 08:51:38 PM
 #17

I think i've heard that almost as many times as Bitcoin is dead. LOL.

Hahah yep, remember when there were 10 articles like this pumped out on a daily basis?  https://motherboard.vice.com/en_us/article/evd7jj/etherium-miners-are-selling-their-graphics-cards


BTC was not designed to scale and it's dead as "electronic cash" with $25-50 transaction fee, slow transactions times, massive network congestion with hundreds of thousands of unconfirmed transaction unless a layer 2 solution gets implemented.
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January 19, 2018, 09:16:42 PM
 #18

I think i've heard that almost as many times as Bitcoin is dead. LOL.

Hahah yep, remember when there were 10 articles like this pumped out on a daily basis?  https://motherboard.vice.com/en_us/article/evd7jj/etherium-miners-are-selling-their-graphics-cards


BTC was not designed to scale and it's dead as "electronic cash" with $25-50 transaction fee, slow transactions times, massive network congestion with hundreds of thousands of unconfirmed transaction unless a layer 2 solution gets implemented.
Bitcoin have a lot of problems now, as you said like, slow transaction times, also the miner fees increase is too high, I think if they can't fix this problem on bitcoin, people will start to use another crypto. There are a plenty of altcoins are good to use, they have more advantage now compared to bitcoin, the most important one is the fees and the quick transactions.

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January 19, 2018, 09:18:45 PM
 #19

I think most of you know about envion ($100M raised couple of days ago at ico finish), so according to their video and details on the first MMU which is already working somewhere in Germany, the container has more than 400 GPU (!!!!!!) cards and 19 asics antminer s9. It was one of the most scaring fact in their ico using of that high part of GPU miners in that mobile mining unit.

I cant believe idiots gave these fools 100million to compete with them lol
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January 20, 2018, 12:55:49 AM
 #20

I think i've heard that almost as many times as Bitcoin is dead. LOL.

Hahah yep, remember when there were 10 articles like this pumped out on a daily basis?  https://motherboard.vice.com/en_us/article/evd7jj/etherium-miners-are-selling-their-graphics-cards


BTC was not designed to scale and it's dead as "electronic cash" with $25-50 transaction fee, slow transactions times, massive network congestion with hundreds of thousands of unconfirmed transaction unless a layer 2 solution gets implemented.
Bitcoin have a lot of problems now, as you said like, slow transaction times, also the miner fees increase is too high, I think if they can't fix this problem on bitcoin, people will start to use another crypto. There are a plenty of altcoins are good to use, they have more advantage now compared to bitcoin, the most important one is the fees and the quick transactions.
BTC is more like precious metal or gems instead of cash where it's an asset that's worth alot but also slow and costs alot to verify when trying to buy or sell.
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