GPU mining will die in 2018!

[uybghf]

POS is much more efficient, POW eats a huge chunck of electric, so it will die out after some time

[1715116914]

1715116914

[1715116914]

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[Metroid]

POS is much more efficient, POW eats a huge chunck of electric, so it will die out after some time

like I said earlier, gpu pow and then after few months or years pos then is good, pos since beginning is bad.

[blockchange88]

POS is much more efficient, POW eats a huge chunck of electric, so it will die out after some time

POS is fake. dont be fooled. its a bigger scam than bitconnect. a POS model is almost as centralized as ripple, with the power among the cartels that own the most, like bitcoin. its the worst of both worlds.

[ManicMiner23]

Maybe GPU mining will die in 2018 . . . but today the altcoins seem to have a new hope and most altcoins born again like a phoenix from its ashes.

So maybe GPU mining will die in 2018 . . . but not yet.

[ivakar]

It is possible for some coins form top 20 that gpu  mining can die in 2018 because of the high diffs. on the other hand everyday there are some new coins born which could do very good.
It is possible to mine them, also new gen of gpu can bring some additional performance for mining rigs..

[gsanjin]

It's little funny to see how mining is dying as long as BTC is dying 

[2alt]

Of course, because every alt is based off BTC price. If BTC goes to $0 so does every single coin. Until the system changes that is how it will be.

Consider BTC will be 50k by the end of the year, what you're mining will much more.

I will take advantage of the possible wave of used cards that may be coming in a couple months. It will all depend on how BTC does over the next month.

I trade. So mining is a great way to get money into the system anonymously, and with extra fees. So any earnings from mining will be multiplied.

Lastly, it depends how you mine. I'm giving out too much game here, but for example I will not being mining ZEC when the difficulty is over 10 when nicehash is paying x amount. I have 6 equihash coins in my script with over 100 conditions. Constantly tweaking it. Also something fun to do.

I just think a lot of people are pissed they have no gear and right now buying cards is not realistic. At least starting from scratch is not. But for us that have been doing it, we are not stopping. I am still looking for cards. Being pretty stingy at least until I can get a grasp on what is going to happen in the next 30 days. If BTC stays around 12 or under with several more crashes many will get out. But if it hits 15 (unlikely) people will keep mining and more will get into it. And as someone above mentioned, profit is profit. You can think of it is as I am finding a $20 bill on the ground once a day. Or I wake up with a $20 bill next to me. Though I do consider it more as BTC will rise. Nothing is dying.  

The other thing too and the reason I never got into ASIC is because they only have 1 use. Old ASIC are completely worthless. But even a video card that is worthless for mining today, has *some* value for others. Same goes for ram, PSU, boards, etc.

[Metroid]

Of course, because every alt is based off BTC price. If BTC goes to $0 so does every single coin. Until the system changes that is how it will be.

You wrong about that, eth will take the lead in 1 to 3 years, i do not think is time for that yet, but it will be a time where eth will be top cause is a much more complete digitalcoin than anything in the market right now.

[mindrust]

Of course, because every alt is based off BTC price. If BTC goes to $0 so does every single coin. Until the system changes that is how it will be.

You wrong about that, eth will take the lead in 1 to 3 years, i do not think is time for that yet, but it will be a time where eth will be top cause is a much more complete digitalcoin than anything in the market right now.

ETH can't even handle cryptokitties. I also used to think that it was going to surpass bitcoin's market cap but right now I am not sure anymore. I think its an overpriced coin and something better (Cardano?) can replace it at anytime. ETH devs don't even comment on the upcoming PoS fork. You know why? They are afraid. ETH owes most of its popularity to GPU miners. When ETH loses its most hardcore shills (which are GPU miners btw) it'll lose its popularity lightning fast.

On the other hand Bitcoin has Lightning Network which is going to pump bitcoin even further this year or the next. When a fool proof app comes out, it will be glourious. (0 fee, 0 second payments)

While Peter Thiel is going long on bitcoin, I think it is stupid to say that it will lose its popularity.
http://bitcoinist.com/peter-thiel-long-bitcoin-neutral-everything-else/

[ManicMiner23]

Of course, because every alt is based off BTC price. If BTC goes to $0 so does every single coin. Until the system changes that is how it will be.

You wrong about that, eth will take the lead in 1 to 3 years, i do not think is time for that yet, but it will be a time where eth will be top cause is a much more complete digitalcoin than anything in the market right now.

Maybe, but in the last 3 months eth/btc ratio dropped from 0.1 to 0.6. Since yeterday altcoins are rallying, but eth seems a poor performer, even etc is outperforming eth, so the value of eth in comparisson to other altcoins is on a downtrend, not the first time this happens, but at his moment eth seems to be weak and that money is betting on other altcoins

[BennyT]

Of course, because every alt is based off BTC price. If BTC goes to $0 so does every single coin. Until the system changes that is how it will be.

You wrong about that, eth will take the lead in 1 to 3 years, i do not think is time for that yet, but it will be a time where eth will be top cause is a much more complete digitalcoin than anything in the market right now.

ETH can't even handle cryptokitties. I also used to think that it was going to surpass bitcoin's market cap but right now I am not sure anymore. I think its an overpriced coin and something better (Cardano?) can replace it at anytime. ETH devs don't even comment on the upcoming PoS fork. You know why? They are afraid. ETH owes most of its popularity to GPU miners. When ETH loses its most hardcore shills (which are GPU miners btw) it'll lose its popularity lightning fast.

On the other hand Bitcoin has Lightning Network which is going to pump bitcoin even further this year or the next. When a fool proof app comes out, it will be glourious. (0 fee, 0 second payments)

While Peter Thiel is going long on bitcoin, I think it is stupid to say that it will lose its popularity.
http://bitcoinist.com/peter-thiel-long-bitcoin-neutral-everything-else/

If you have any faith in bitcoin, it makes absolutely no sense to think ETH isn't part of the package. If you are willing to compare ETH to Cardano, feel free to compare BTC to pretty much any coin that has no function. The comparisons don't work that way. The crypto sphere needs both coins to continue to grow, and they will in time.

[mindrust]

Of course, because every alt is based off BTC price. If BTC goes to $0 so does every single coin. Until the system changes that is how it will be.

You wrong about that, eth will take the lead in 1 to 3 years, i do not think is time for that yet, but it will be a time where eth will be top cause is a much more complete digitalcoin than anything in the market right now.

ETH can't even handle cryptokitties. I also used to think that it was going to surpass bitcoin's market cap but right now I am not sure anymore. I think its an overpriced coin and something better (Cardano?) can replace it at anytime. ETH devs don't even comment on the upcoming PoS fork. You know why? They are afraid. ETH owes most of its popularity to GPU miners. When ETH loses its most hardcore shills (which are GPU miners btw) it'll lose its popularity lightning fast.

On the other hand Bitcoin has Lightning Network which is going to pump bitcoin even further this year or the next. When a fool proof app comes out, it will be glourious. (0 fee, 0 second payments)

While Peter Thiel is going long on bitcoin, I think it is stupid to say that it will lose its popularity.
http://bitcoinist.com/peter-thiel-long-bitcoin-neutral-everything-else/

If you have any faith in bitcoin, it makes absolutely no sense to think ETH isn't part of the package. If you are willing to compare ETH to Cardano, feel free to compare BTC to pretty much any coin that has no function. The comparisons don't work that way. The crypto sphere needs both coins to continue to grow, and they will in time.

What you say is simply retarded.

How can you compare bitcoin to any other shitcoin while bitcoin has the most dev activity? It has the most trusted blockchain. It is the reserve currency of the crypto world. (Like USD of the FIAT world) Everything bitcoin invents becomes the industry standard sooner or later. For Example: Segwit, Lightning Network and many other tech. What other altcoins do is nothing than copy&paste core's work.
See how many contributors there?
https://bitcoincore.org/en/releases/0.16.0/

I can compare ETH to cardano because ETH has nothing special over Cardano at all. There is abolutely nothing special to eth. It already got damaged hugely after the DAO hack and the next one will be PoS debate.

[Metroid]

Maybe, but in the last 3 months eth/btc ratio dropped from 0.1 to 0.6. Since yeterday altcoins are rallying, but eth seems a poor performer, even etc is outperforming eth, so the value of eth in comparisson to other altcoins is on a downtrend, not the first time this happens, but at his moment eth seems to be weak and that money is betting on other altcoins

eth is always the last altcoin to rise and when it does it rises a lot, has always been that and that is part of a huge manipulation, now eth is 0.06 x btc, in few days it could be 0.12, it will rise a lot given time, eth's real price right now x btc is 0.195.

[rdluffy]

Maybe, but in the last 3 months eth/btc ratio dropped from 0.1 to 0.6. Since yeterday altcoins are rallying, but eth seems a poor performer, even etc is outperforming eth, so the value of eth in comparisson to other altcoins is on a downtrend, not the first time this happens, but at his moment eth seems to be weak and that money is betting on other altcoins

eth is always the last altcoin to rise and when it does it rises a lot, has always been that and that is part of a huge manipulation, now eth is 0.06 x btc, in few days it could be 0.12, it will rise a lot given time, eth's real price right now x btc is 0.195.

Metroid, what are your choice of coins to invest?
I always wanted to know

I think you like ETH, it's obvious, but tell us more

[Metroid]

Metroid, what are your choice of coins to invest?
I always wanted to know
I think you like ETH, it's obvious, but tell us more

The only think I can tell you is that I see the big picture and I think eth is right now the most complete coin to exist and that is where most of my money is in and where most of my money will be going to.

ETH changed a lot and because of those changes I believe on it. I used to be anti-eth till some changes were placed to the network. The most important thing is the network for me and bitcoin is lagging badly on that, bitcoin has a great name and that is it.

[shield132]

Is there any coin that can never/ever be mined by asic? GPU mining has it's adrenaline, but who gives us any choice? Bitmain will come and build asic, yes they are more profitable but can't they just get out of altcoins? They killed sia mining, don't want ether to be next in queue.
Btw on another side I think asic on ether will make it more popular than bitcoin, just my opinion.

[BitcoinSupremo]

It looks like GPU mining death has already started. A mining rig with 6 x GPU RX 5XX series with modded bios is only making 0.0008 BTC daily while in December they were making 0.0016 BTC daily. I hope I am wrong but things are not looking good for GPU mining.

[gotminer]

It looks like GPU mining death has already started. A mining rig with 6 x GPU RX 5XX series with modded bios is only making 0.0008 BTC daily while in December they were making 0.0016 BTC daily. I hope I am wrong but things are not looking good for GPU mining.

It's going to have to be cut in half about two more times, before I would even consider stopping.  My current daily average for the month is 0.00629 btc ... 31 gpu's 1070ti's, 1080's, 1080ti's, Vega 56's ... NiceHash.  Thinking about switching my Vega rig back to etn. 

[rdluffy]

Metroid, what are your choice of coins to invest?
I always wanted to know
I think you like ETH, it's obvious, but tell us more

The only think I can tell you is that I see the big picture and I think eth is right now the most complete coin to exist and that is where most of my money is in and where most of my money will be going to.

ETH changed a lot and because of those changes I believe on it. I used to be anti-eth till some changes were placed to the network. The most important thing is the network for me and bitcoin is lagging badly on that, bitcoin has a great name and that is it.

Thanks Metroid, at the moment I have something like 50% BTC --- 30%ETH ---20% Another Coins

Hey @BitcoinSupremo, you forgot that in December we have double marketcap than today

[gotminer]

Metroid, what are your choice of coins to invest?
I always wanted to know
I think you like ETH, it's obvious, but tell us more

The only think I can tell you is that I see the big picture and I think eth is right now the most complete coin to exist and that is where most of my money is in and where most of my money will be going to.

ETH changed a lot and because of those changes I believe on it. I used to be anti-eth till some changes were placed to the network. The most important thing is the network for me and bitcoin is lagging badly on that, bitcoin has a great name and that is it.

What eth network changes are you referring to?  I hate to give up on btc, but I'm with you on eth.  I'm currently around 70% btc, 30% eth.  And I keep thinking I should buy more eth.