GPU mining will die in 2018!

[robrev]

Developers can simply change Ethash algorithm to EthashRev2 and Equihash to EquihashRev2 if they wish.
Of course I doubt this is going to happen but they sure as hell could.

ASICs are extremely fragile towards any kind of change, if they could change they wouldn't be ASICs.

What attracts most people to GPU mining is the versatility it has.
Verge is pretty mineable with ASICs and with GPUs.

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[sundownz]

Profitable GPU mining will die in 2018!

GPU mining = CPU mining soon.

Smart CPU mining can still be profitable.

I've got ~75 single CPUs doing about ~16KH on Cryptonight... each one cost me $20-35 bucks (Xeon X5660/X5670). So average $27.50 each = $2062.50 cost for around $700 a month even at todays low profit (they have more than paid for themselves during the peak times in my case).

Also quite a few used quad-CPU servers crunching away...

Now... buying NEW CPUs with the express purpose of mining is NOT a good idea... but used gear can do nicely.

[Metroid]

You trolls are delusional, gpu profit crashed hard, from $7 to $1 and you trolls think everything is fine hehe and soon from $1 to $0.10 per card per day.

[JaredKaragen]

You trolls are delusional, gpu profit crashed hard, from $7 to $1 and you trolls think everything is fine hehe and soon from $1 to $0.10 per card per day.

for the people whom follow the herd;  yeah;  profitability can tank hard;

I am still pulling respectable earnings from my gear;  and I am not mining the biggest fanboy coins/algos.

[Max Likelihood]

I think mining industry will die soon as a whole, as they are more and more alternative consensus mechanism that does not require mining (Proof Of Stake, Tangle, Proof Of Credit, Proof of Importance...)

Proof of morning shit after coffee. There's no consensus for free. Putting coins in a wallet and leaving a window open doesn't secure a network. Vitalik is a fraud, he stole consensus omnilayer layer from Bitcoin, and made his shitcoin shopping mall. None of those methods you mentioned can compete with the security proof of work delivers. Proof of stake is like curing cancer. There's so many types of cancer that are tackled in bits in pieces. My medical opinion. There's not going to be some "aha" moment in solving proof of stake. Even neo has faults. Cardano = fraud. Solving proof of stake will take 100s of thousands of hours of mind power from the best mathematicians to solve.

This is a really important point.

https://www.coindesk.com/fundamentally-vulnerable-ethereums-casper-tech-takes-criticism-curacao/

Doesn't seem like there's a single answer to consensus--true POW could benefit from solving the electricity problem, but hybrid approaches, new tech like more efficient cards/gear, and new mining paradigms may help it secure a place. HDD mining is a good thought IMO, just seems too hard to RoI with smattering of available coins at present for most miners' taste. Lot of smart people working on this stuff, we'll just need to be prepared to adapt.

[practicaltexan]

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

If you do buy GPU's and the market goes way down to where it is unprofitable to accumulate then you can at least sell your parts on Ebay whereas once an ASIC becomes unprofitable....its a brick.  (Maybe you'd get something in the way of parts, but consider your GPU's as a longer term depreciating asset...

At least in my thoughts. 

I have 3 rigs ,  1 ASIC L3 and a 6 GPU AMD and a 5 GPU NVIDIA rig  and the L3 was doing more than 2 LTC per month...Now it is down to 1.5 and the next batch of L3+ have not come out from Bitmain in late march which should reduce that even further.....not to mention the new 1 GH wolf ASIC's in June...... 

I don't know though...With these dips you might be better off just buying and selling these swings and holding profits..cause I think it can go further down...

I'm just collecting right now.  No more 3 month and your $4000 rig is paid in full.

J

[MokraCota]

If ASIC comes to Daggerhashimoto, then I'll just switch to Ravencoin x16r. Let's see what happens.

[ManicMiner23]

Hello All, nvidia officially has the prediction that gpu's high prices ut least until the end of 2018, so I think at least people and analysts at nvidia with all the information they have think that at least in 2018 mining on a gpu will continue to be profitable and people will continue mining.

But who knows, no one knows the future, maybe one day amazon decide to accept bitcoin and eth as payment method and cryptocurrencies skyrocket again and gpu mining is more profitable than never before,  or one day cryptocurrencies could be banned worldwide and the value of bitcoin and eth goes close to 0 and then you could find used gpu's per milions on ebay.

Who knows.

[Maren]

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.

Stop spreading false information. BTC fees are at like 2 year lows, it's fast.

[agente]

Profitable GPU mining will die in 2018!

GPU mining = CPU mining soon.

Smart CPU mining can still be profitable.

I've got ~75 single CPUs doing about ~16KH on Cryptonight... each one cost me $20-35 bucks (Xeon X5660/X5670). So average $27.50 each = $2062.50 cost for around $700 a month even at todays low profit (they have more than paid for themselves during the peak times in my case).

Also quite a few used quad-CPU servers crunching away...

Now... buying NEW CPUs with the express purpose of mining is NOT a good idea... but used gear can do nicely.

If you have free electricity...

[sundownz]

Profitable GPU mining will die in 2018!

GPU mining = CPU mining soon.

Smart CPU mining can still be profitable.

I've got ~75 single CPUs doing about ~16KH on Cryptonight... each one cost me $20-35 bucks (Xeon X5660/X5670). So average $27.50 each = $2062.50 cost for around $700 a month even at todays low profit (they have more than paid for themselves during the peak times in my case).

Also quite a few used quad-CPU servers crunching away...

Now... buying NEW CPUs with the express purpose of mining is NOT a good idea... but used gear can do nicely.

If you have free electricity...

I don't -- but it cheap enough to work out nicely. Less than half the current profit from my CPUs is used in power.

And, again, they were earning WAY more up until very recently.

[lncm]

Profitable GPU mining will die in 2018!

GPU mining = CPU mining soon.

Smart CPU mining can still be profitable.

I've got ~75 single CPUs doing about ~16KH on Cryptonight... each one cost me $20-35 bucks (Xeon X5660/X5670). So average $27.50 each = $2062.50 cost for around $700 a month even at todays low profit (they have more than paid for themselves during the peak times in my case).

Also quite a few used quad-CPU servers crunching away...

Now... buying NEW CPUs with the express purpose of mining is NOT a good idea... but used gear can do nicely.

How about motherboards / RAM / PSU's?

[UrsaUrsa]

Look at Metroid's previous posts and you'll see why he opened this thread. For the lolz.

Stop feeding the trolls. GPU mining will die, just like all of us.

[spaolo]

FUD.

Yes at the moment is a waste of energy, the same way as every single cryptocurrency is a waste of space/air. It didn't freed anyone, it made some ppl reacher at the detriment of others.

If combined, mining computational power is the largest in the world, hands down.

Is just matter of time until someone comes out with that brilliant idea that will revolutionise the mining industry and with it the world.

In the meantime, it is as profitable as it has always been.

You silly ppl keep buying ICO or coins at full price, I mine minable coins, paying 1/10 of their face value and with those accumulated, I start masternodes for even more passive income.

Whoever say that mining will die or that is not profitable blah blah blah.. have never seriously mined.

[crairezx20]

I don't believe that GPU mining will die, but I believe that they will release a newer GPU that more efficient and faster than the older cards.

Or they will release an ASIC miner for daggerhashimoto algo or equihash mining just like what happened to other coins like siacoin.

So it can affect all GPU miners and become non-profitable in mining ethereum or zcash in the future if ever they release a new asic for ethereum or zcash.

However, I still believe that GPU mining profitability will become normal again because the reason of dropping profitability of gpu cards nowadays it's because of the price drop of bitcoin and other coins and reason about the binance and old issue about mt.Gox.

[simis]

Profitable GPU mining will die in 2018!

GPU mining = CPU mining soon.

Smart CPU mining can still be profitable.

I've got ~75 single CPUs doing about ~16KH on Cryptonight... each one cost me $20-35 bucks (Xeon X5660/X5670). So average $27.50 each = $2062.50 cost for around $700 a month even at todays low profit (they have more than paid for themselves during the peak times in my case).

Also quite a few used quad-CPU servers crunching away...

Now... buying NEW CPUs with the express purpose of mining is NOT a good idea... but used gear can do nicely.

This tactics works on GPU mining too, soon we can buy old GPU´s for $20-35 again, they will still earn something. Not much but something.

[baga105]

Too many people has started mining.. Every single kid wants to have gpu and mine with it.. I hope that prices of GPUs will stay high as F, so the difficulty won't go up so fast and people won't buy expensive GPUs

[Metroid]

Denying the inevitable is like walk on paradise as a mindless troll hehe, anyway, equihash is already dying regarding profitability, i wonder which algo is next hehe

[lncm]

GPU mining will die for this current generation of cards, as it died for previous generations, it makes little sense to mine with a Radeon HD 7900 nowadays.

[megainarmy]

The mining on old GPUs like 1060-70-80-80 will die because of the appearance of new maps we thought all through 2017.
However, instead of this, these cards have risen in price by 2 times, they have not become available anywhere in the shops and at the sellers. Moreover, nothing new is heard about new cards. Therefore, we proceed further and rejoice.