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Author Topic: GPU mining will die in 2018!  (Read 16631 times)
MFTHC
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March 18, 2018, 05:24:16 PM
 #341

Mine disaster? There is no such thing as a drop in the value of the currency, which is still a few times more than a dozen times last year, and the high yield of the graphics card is emerging.
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gotminer
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March 18, 2018, 11:23:59 PM
 #342

oooooooooooohhhhhhhhhhh nooooooooooooooooooo, gpu mining profitability is almost dead and so are you trolls hehe, just do not forget before you commit suicide to use your last money to buy a fabricated coffin for the ultimate resting and peace feature hehe

Lol.  I'm starting to warm up to you.  You're so much more fun than a month ago  Grin

Ok, I want you to walk back in there and very calmly, very politely tell the risk assessors to fuck off! -Mark Baum
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March 18, 2018, 11:26:59 PM
 #343

Ad for me - GPU mining is almost dead. This is sad, but this is true
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March 18, 2018, 11:52:52 PM
Merited by notbatman (1)
 #344

I know many people who bought 10s of top tier GPUs in the last couple of months when they were overpriced. Because they joined the party late and didn't want to miss any more days. But the profitability on most GPU minable coins is very low now so many of them will start selling their whole rigs at half price. I expect this and if it really happens, I will buy them. It is a risk but I think that the demand for GPU mining is so big that new cryptocurrencies will come that will give advantage to GPUs again so there will always be a coin to mine. But people who are used to mining only ETH, will soon quit because it will not be profitable anymore.
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March 19, 2018, 01:01:15 AM
 #345

I'm newer to the mining world and I can't help but notice the FOMO involved in trading is the same when you talk about mining. You can't get the big gains if you can't afford to take a short term loss/break even.
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March 19, 2018, 02:36:29 AM
 #346

When Monero hard forks I'm predicting it will rise above Ethereum as the #1 most profitable GPU mined coin and well into 2019 at that. Sia is also forking off the ASICs.
ziyush
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March 19, 2018, 02:49:46 AM
 #347

This will reduce the price of GPU, at present 500$ vega 56 GPU is for sale at a price of 800-900$
Price is going high

Still, people use GPU and reason is

we can mine any coin using GPU mining
we can use GPU for other purposes as well
Resale value of GPU is high




EricJH801
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March 19, 2018, 02:55:30 AM
 #348

SIA is coming out with their own asics, why would they fork off of them?

They debated this awhile ago and decided they are not forking.

When Monero hard forks I'm predicting it will rise above Ethereum as the #1 most profitable GPU mined coin and well into 2019 at that. Sia is also forking off the ASICs.
M1nd1nvest
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March 19, 2018, 03:05:18 AM
 #349

GPU mining will not die because the new algorithm X16R is anti ASICS and i believe most algorithm will move towards this direction
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March 19, 2018, 03:16:49 AM
 #350

SIA is coming out with their own asics, why would they fork off of them?

They debated this awhile ago and decided they are not forking.

When Monero hard forks I'm predicting it will rise above Ethereum as the #1 most profitable GPU mined coin and well into 2019 at that. Sia is also forking off the ASICs.


Not forking? Oh I didn't the memo.
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March 19, 2018, 05:11:36 AM
 #351

I know many people who bought 10s of top tier GPUs in the last couple of months when they were overpriced. Because they joined the party late and didn't want to miss any more days. But the profitability on most GPU minable coins is very low now so many of them will start selling their whole rigs at half price. I expect this and if it really happens, I will buy them. It is a risk but I think that the demand for GPU mining is so big that new cryptocurrencies will come that will give advantage to GPUs again so there will always be a coin to mine. But people who are used to mining only ETH, will soon quit because it will not be profitable anymore.

It can be profitable still but it is some fulishness to mine ETH and earn $0.5 per day on GTX 1070 card for example.
2alt
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March 19, 2018, 05:31:21 AM
 #352

.50 a day is not really true.

Even if it was, it doesn't matter. You are getting coins. If you are mining and selling your .50c a day, then yes you are a fool. But if you are mining and holding it because we know bitcoin will be worth a ton one day, then who cares?

If you are gpu mining for 24 hour profit, definitely not worth it. But if you want coins, its worth it. You are thinking short term. You should say you are mining your 1070 for x eth a day. Or whatever you are mining / trading / collecting.
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March 19, 2018, 05:44:16 AM
Last edit: March 19, 2018, 05:54:52 AM by dimpsk
 #353

.50 a day is not really true.

Even if it was, it doesn't matter. You are getting coins. If you are mining and selling your .50c a day, then yes you are a fool. But if you are mining and holding it because we know bitcoin will be worth a ton one day, then who cares?

If you are gpu mining for 24 hour profit, definitely not worth it. But if you want coins, its worth it. You are thinking short term. You should say you are mining your 1070 for x eth a day. Or whatever you are mining / trading / collecting.

I descreased earnings by electricity costs of course. It can be meaningful then  if ya dont sell earned coins right but collect them, yep.
But another question  is a bit complicated. Why do not just buy coins instead of buying overpriced GPU or ASICs.
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March 19, 2018, 05:53:33 AM
 #354

Buying coins directly is far too easy. To choose the harder path is usually more rewarding, and the hardest path possible to obtain crypto is via mining.
dimpsk
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March 19, 2018, 05:57:05 AM
 #355

Buying coins directly is far too easy. To choose the harder path is usually more rewarding, and the hardest path possible to obtain crypto is via mining.

In the terms of effectiveness the longest and hardest way is very seldom the best. You will never win. But it is a lot of fun there, I agree.
2alt
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March 19, 2018, 06:13:13 AM
 #356

Also mining solo or in smallish pools on bigger coins is very fun. Its like the lottery.

I buy coins too, don't get me wrong. I have bought way more coins than I mined. But mining, playing with computers and tech is fun.

Interested to see what the next card will be too. Could be a game changer.

dimpsk
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March 19, 2018, 06:17:20 AM
 #357

Also mining solo or in smallish pools on bigger coins is very fun. Its like the lottery.

I buy coins too, don't get me wrong. I have bought way more coins than I mined. But mining, playing with computers and tech is fun.

Interested to see what the next card will be too. Could be a game changer.



Yep, I agree with this. It is fun and it can be usefull for increasing tech skills in some fields.
ManicMiner23
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March 19, 2018, 09:30:43 AM
 #358

Also mining solo or in smallish pools on bigger coins is very fun. Its like the lottery.

I buy coins too, don't get me wrong. I have bought way more coins than I mined. But mining, playing with computers and tech is fun.

Interested to see what the next card will be too. Could be a game changer.



Yep, I agree with this. It is fun and it can be usefull for increasing tech skills in some fields.

I totatlly agree. For sone people is just not profits, its also fun.
Digital Drug Lord
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March 19, 2018, 09:38:31 AM
 #359

Also mining solo or in smallish pools on bigger coins is very fun. Its like the lottery.

I buy coins too, don't get me wrong. I have bought way more coins than I mined. But mining, playing with computers and tech is fun.

Interested to see what the next card will be too. Could be a game changer.



The top of the line cards now can hardly make 1 dollar.

Even if a new card comes out it won't matter if it only makes 59 cents more
notbatman
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March 19, 2018, 01:16:42 PM
Last edit: March 19, 2018, 02:07:58 PM by notbatman
 #360

I know many people who bought 10s of top tier GPUs in the last couple of months when they were overpriced. Because they joined the party late and didn't want to miss any more days. But the profitability on most GPU minable coins is very low now so many of them will start selling their whole rigs at half price. I expect this and if it really happens, I will buy them. It is a risk but I think that the demand for GPU mining is so big that new cryptocurrencies will come that will give advantage to GPUs again so there will always be a coin to mine. But people who are used to mining only ETH, will soon quit because it will not be profitable anymore.

It can be profitable still but it is some fulishness to mine ETH and earn $0.5 per day on GTX 1070 card for example.

50¢ a day profit is still profit, I used modded AMD 480/580s and they still make $1.22/day (89¢/day after power).

Source: https://whattomine.com/
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