GPU mining will die in 2018!

[adaseb]

In 2009 they said mining would no longer be profitable
In 2010 they said mining would no longer be profitable
In 2011 they said mining would no longer be profitable
In 2012 they said mining would no longer be profitable
In 2013 they said mining would no longer be profitable
In 2014 they said mining would no longer be profitable
In 2015 they said mining would no longer be profitable
In 2016 they said mining would no longer be profitable
In 2017 they said mining would no longer be profitable

So I am guessing it will be the same for 2018

[philipma1957]

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.

It is far more likely that I will die before Gpu mining dies.

[Meech]

Heard this all before, after Litecoin.  Then Ethereum happened and so the cycle will continue.

[ltcsprite]

i love reading metroids posts.

I am 100% convinced he's a moderator acting as a troll or something, seriously just posts the best stuff, hehe.

check some of his posts from the pasts. hehe.  first he says he mines, then he says he doesn't mine..    always calling for crashes and celebrating when prices are down.   said people will never make their money back, said its not profitable.   which is it?  he a miner or not?  hehe.


he's one of a kind. hehe.

would love to adopt him.  hehe.

[badfad]

One of those threads where you know the thread starter before you read his name...

Can anyone guess what metroid is gonna say when there's another correction ?

[gotminer]

One of those threads where you know the thread starter before you read his name...

Can anyone guess what metroid is gonna say when there's another correction ?

I was thinking the exact same thing ... Lol. 

[Sevarchik]

How GPU mining will die, if we have only GPU mineble big coins how ETH for example.
Building asics for this algo will be so expencive, how building gpu rig

[Metroid]

In 2014 they said mining would no longer be profitable
In 2015 they said mining would no longer be profitable

Which world do you live in? Those years were not profitable at all, people sold all their gpu beginning 2014 and after that, gpu mining was alive only after march 2016 with the eth pump from $0.20 to $7.

[gotminer]

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.

Well really who cares.  We'll just switch to ASIC's if that is the case.  Adapt or die, my friend.  I'll admit that it won't be quite as fun to mine with ASIC's only.  They are just really smart, dumb boxes, in my opinion.  There won't be near as much tweaking involved.

[rem26]

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.

lol.
Do you know how much it costs to put memory on an ASIC?



I program new ASIC's for a living.  I get beat up about fitting firmware into 64K.

[gotminer]

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.

lol.
Do you know how much it costs to put memory on an ASIC?



I program new ASIC's for a living.  I get beat up about fitting firmware into 64K.

You get beat up?

[TheHas]

There are a few coins out there that 'pride' themselves on being asic resistant. Vertcoin for example. So I don't think GPU mining will die when there are popular coins out there who intend to keep GPU's as the main form of mining.

Sure profitability might drop, by don't think it will outright 'die' in 2018. Also ethereum going POS won't help with hashrate distribution.

[Wawaji]

There are a few coins out there that 'pride' themselves on being asic resistant. Vertcoin for example. So I don't think GPU mining will die when there are popular coins out there who intend to keep GPU's as the main form of mining.

Sure profitability might drop, by don't think it will outright 'die' in 2018. Also ethereum going POS won't help with hashrate distribution.

profitability won't drop as long as you keep updating your cards to the latest generation ones. Mining is here to stay. People like to say mining is too easy profit to be sustainable but they don't know the trouble that is to setup consistent rigs and monitor them over time.

[gotminer]

There are a few coins out there that 'pride' themselves on being asic resistant. Vertcoin for example. So I don't think GPU mining will die when there are popular coins out there who intend to keep GPU's as the main form of mining.

Sure profitability might drop, by don't think it will outright 'die' in 2018. Also ethereum going POS won't help with hashrate distribution.

profitability won't drop as long as you keep updating your cards to the latest generation ones. Mining is here to stay. People like to say mining is too easy profit to be sustainable but they don't know the trouble that is to setup consistent rigs and monitor them over time.

That is the fucking truth ... Lol.  Hours and hours of building and building and building and troubleshooting and troubleshooting and troubleshooting ... And then when you get it right ... Another issue pops up ... More troubleshooting   Not that it isn't somewhat fun.  It really is.  That's why I hate the idea of ASIC only mining.  It's almost too boring for my mind.  However, I think anyone with a gpu mining farm, should diversify a bit and own some ASIC miners at the right price and time.

[antantti]

To The Moon 1989... antantti got more or less burned.
To The Moon 2000... antantti watching people burning money they don't have. Me not burning.
To The Moon 2008... antantti burned again, fuck this. There must be something better out there... hmmm bitcoin.
To The Moon 2018... antantti looks back to 2000, this time I'm not the one who gets burned. Watching people buying "money" with "money" they don't have... fuck they are making Thousands of Billions, I'm all in?

GPU mining dies when that last miner shuts his/her last "rig" down, profitable GPU mining dies about 20 years before that.

[GaryH]

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.

wow this is at least the 3rd post of yours about GPU mining...  I don't know bro, I recommend a doctor visit.

[gotminer]

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.

wow this is at least the 3rd post of yours about GPU mining...  I don't know bro, I recommend a doctor visit.

He trys to spread shit about mining around a lot ... And I mean A LOT! ... Lol.  I think he is a closet miner and just not willing to say it.  He writes his posts acting like he's a little higher up than something that knows nothing about mining, but less than someone who has been in it for awhile.  And I think he does this on purpose to throw people off.

[Turk Ace]

The asic for mining eth is the same cost as the gpu one. It's not the same as with Bitcoin when the asic completely destroyed the gpus because it's not could based mining it's a totally different algorithm to gpus are in for awhile untill they get more effective miners that are geared to mining and mining only.

[ciborgue]

ETH and others aren't CPU heavy but rather memory heavy (please read ETH design paper). So any ASIC for ETH has to have TONS of fast memory. You can still make ASIC for these algorithms but they won't give you such tremendous advantages over GPUs as for CPU-heavy Bitcoin.
However, Chinese guys can kill ETH and others just by concentrating their money on the Bitcoin (so nobody will want to buy ETH at the first place).

OTOH, this all madness is a bubble / Ponzi scheme. So I think it is going to crash sooner rather than later. I wouldn't invest anymore at this point; just make sure you cover the equipment/electricity that you already bought to at least break even. To get rich on the criptocurrencies you should've invested big $$$ back in 2010.

Disclaimer: This is just my opinion. I am not your financial adviser / lawyer / rabbi / etc.

[Kapz786]

New algo's will come out and GPU miners will always support them - GPU mining is more future proof in a lot ways than most of the altcoins.