GPU mining will die in 2018!

[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.

How about motherboards / RAM / PSU's?

I already have the rest of the system present to support GPUs -- and simply add a cheap / powerful CPU to mine with on top of that.

I do have a big thread regarding my strategy:

https://bitcointalk.org/index.php?topic=1955358.0

Start with a base of HP Z400s... very cheap about $150 or so even with legit Windows 10 Pro installed then add the CPU, new PSU, and GPUs.

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[lanciaominer]

Right now I'm concerned cause I really thought the asic companies would never build a cryptonight asic cause that is too shameful, cryptonight is the last defense right now against all evil in the money world. This is really bad, those companies don't have a single bit of decency or morality whatsoever.

The ASIC producers, cheat their buyers several times.

- D3 Dash miner: todays profit 3.96USD (if You calculate the electric power cost, not profitable at all)
- L3 Litecoin miner: todays profit 8.2USD (hardly profitable)
- S9 SHA256 miner: todays profit 9.98USD (with small drop of BTC will not be profitable)

Some of those units people bought for over 3000USD. Now they have only noisy heaters, and lost their money.

What a business model! Produce the unit, take money from buyers in advance, put it in mining farm for 3 months while it is very profitable, and than deliver it like used ones. Make a huge oversold of units and algo diff. skyrocket, profitability ZERO.
They know what they are doing, and doing it with every new model. Huge hype on the beginning (representing big profitability at moment), presale etc... Only early adopters can profit, all others, when they receive units, have very long period of ROI.
I hope that new buyers will understand this "ponzi scheme" and protect their money.

Regarding this new "cryptonight miner", I think that this will be the first time We have here antihype atmosphere.
Monero team  (biggest Cryptonight coin) announce antiASIC fork, followed by other (IPBC etc...). All other cryptonight coins do not have enough daily trade volume, and when we will have more coins than it can be sold price will drop.
Coin owners invest lot in their coins, I believe they will protect projects, and will follow the Monero, IPBC etc...in anti ASIC algo change.
It is much better than see the prices around one satoshi.  

umm maybe you should look up the definition of Ponzi scheme. sure its a shitty  business model but its far from a Ponzi, your implying that people are dishing out money and not getting anything back in return which isn't the case, those buyers are getting asics, theres always risk involved with those and to disregard that is just stupid just like calling it a Ponzi scheme which it is not. those that get suckered into a true Ponzi DONT GET ANYTHING BACK and they LOSE IT ALL

i think g3 coins should have something like x16r with multiple chained algos, i think that should deter if not resist asic from messing up the networks

[MokraCota]

So... Is Ravencoin the future of GPU mining?

[budong]

GPU rig won't disappear, it will get better and better, because the threshold of participation is lower, people like it.

[rdluffy]

So... Is Ravencoin the future of GPU mining?

I pointed all my rigs to RVN and I won't sell until the end of the year

[Metroid]

I guess now unbelievers are now kind agreeing with me about gpu mining will die in 2018, more and more action of asic companies and idiots which were buying rx 580 for $1000 resulted in what we see now, greedy bastards.

[gotminer]

I guess now unbelievers are now kind agreeing with me about gpu mining will die in 2018, more and more action of asic companies and idiots which were buying rx 580 for $1000 resulted in what we see now, greedy bastards.

I'm still as happy as I've always been about gpu mining 

[Ayuluv2001]

GPU mining will not die because the new algorithm X16R is anti ASICS and i believe most algorithm will move towards this direction

[treanski]

I guess now unbelievers are now kind agreeing with me about gpu mining will die in 2018, more and more action of asic companies and idiots which were buying rx 580 for $1000 resulted in what we see now, greedy bastards.

for me the biggest danger for gpu mining is when eth goes pos, there is no coin out there that can absorb the eth nethashrate(if its all gpu not some secret asics)
anyway i sold all my years old rx 580 to some retards with 50-75% profit they where paid of long time and mined for me alot of coins/profit. i´ll observe the situation and join mining maybe later this year with some brandnew gpus

[mrbear11]

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.

i don't think so. GPU will increase & popular in this year.

[smoolae]

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.

i don't think so. GPU will increase & popular in this year.

For mining with GPUs to increase in popularity, we have to climb out of this bear market stage. Right now you see GPUs getting cheaper again and people selling their rigs. GPU mining will stay but as of right now profits from it are gonna take a hit.

[Piskeante]

gpu mining will die. Specially if price continues to go down. Just a little hint. In my country, with a 6 gpu mining rig with 189,8mh/s and 880W from the wall, at current prices i get about 121$ profit per month. That's about 98€ for me. Disgusting, absolutely disgusting.

Price goes down, difficulty is going up like absolute madness, and the price of electricity is always the same, so you get less income with same costs.

But mining will die for ETH in just about 4 months at current rates. Once on PoS you will not be able to trade or mine it, and , we all know this, the coin will only be valuable for the actual work the developpers will have gotten in the past years, which is, btw, very little.

Most people will get rekt, the market will be flooded with gpu's for almost nothing , and you will not even get the CR. People that have bought their mining rigs at current prices, will never ever recover their investment, at least in ETH.

Nowadays everything in cryptocurrency world is a total disaster, a total mess, a total Fuck.

[Wipro]

I guess now unbelievers are now kind agreeing with me about gpu mining will die in 2018, more and more action of asic companies and idiots which were buying rx 580 for $1000 resulted in what we see now, greedy bastards.

Since the price dropped in the all the crypto currencies there is difficulty reduced in the marketplace. So we do not worry of having GPU mining and running it now. I see the growth in mining the ethereum this time.
So I planned to mine the cheap coins after ethereum mining goes to reach its threshold.
I see you are fool just saying it and not going to buy RX 570 cards which can give best hashes from it.

[Metroid]

gpu mining will die.

Nowadays everything in cryptocurrency world is a total disaster, a total mess, a total Fuck.

I see more and more people accepting the fate of gpu mining to die in 2018 and the year is just starting and about your summary, tell that to bitmain cause that is one company is trying to kill everything that we know about decentralization.

[gotminer]

gpu mining will die.

Nowadays everything in cryptocurrency world is a total disaster, a total mess, a total Fuck.

I see more and more people accepting the fate of gpu mining to die in 2018 and the year is just starting and about your summary, tell that to bitmain cause that is one company is trying to kill everything that we know about decentralization.

All that Jihan cares about is making money.  China as a whole doesn't care about decentralization.  Exactly the opposite, in my opinion.

[mindrust]

We need a strong community support against bitmain and ASICs in general.

They became so greedy and aggressive, they even want to have our 1$/day profits now. If we don't fight back as a community, not just mining we are going to lose but everything.

Don't buy ASICs. Let bitmain mine all the bitcoins. Let them be the biggest pool. Buying ASICs is not a bit different than letting them mine all the coins. They steal from us anyway.

Hopefully the community will see the danger they possess in time, and will find a way to kick them out.

[Piskeante]

We need a strong community support against bitmain and ASICs in general.

They became so greedy and aggressive, they even want to have our 1$/day profits now. If we don't fight back as a community, not just mining we are going to lose but everything.

Don't buy ASICs. Let bitmain mine all the bitcoins. Let them be the biggest pool. Buying ASICs is not a bit different than letting them mine all the coins. They steal from us anyway.

Hopefully the community will see the danger they possess in time, and will find a way to kick them out.

actually, mining nowadays gives you less profit (considering the investment) than buying the coins.

Lately, i've been seeing a huge amount of cards being sold on Ebay. A friend of mine has bought a Sapphire RX 580 nitro+ 9gb special edition (the blue one) for just 300€ shipping included, and that's absolute madness because the actual price of that card in my country is about 479€.

The mining community is not strong. And, as time passes by, and we continue getting less and less profit due to blood bath market and increased difficulty.....our future is very black.

[lunobird]

Gpu Mining is for kids . I mean your competing with gamers that will mine and get free electricity from parents. Gpu is dead. Asic is big boy stuff more serious. Not everyone is willing to compete at that high level of pre order ahead of time, have it ship from China and deal with the heat and loud noise it generates. Plus more asic buyer means more gpu for kids.

Gpu at $1 dollar a day is pathetic. Get an asic and grow some

[gotminer]

Gpu Mining is for kids . I mean your competing with gamers that will mine and get free electricity from parents. Gpu is dead. Asic is big boy stuff more serious. Not everyone is willing to compete at that high level of pre order ahead of time, have it ship from China and deal with the heat and loud noise it generates. Plus more asic buyer means more gpu for kids.

Gpu at $1 dollar a day is pathetic. Get an asic and grow some

HAHAHAHA.  Funniest thing I've read all day 

[2alt]

Didn't samsung get a contract for building ASIC?

https://techcrunch.com/2018/01/31/samsung-confirms-asic-chips/

They may bring out some ASIC miners for $100 that blow away antminer and would change everything.

But GPU won't die soon. There will always be something to mine as someone said.