GPU mining will die in 2018!

[mindrust]

Bitcoin started to be mined with asics on 2013, bitcoin value were at 40$ on march 2013, bitcoin went to 20k on december 2017, a 500x value, so if you say that asics makes a coin value to drop, you can see what happened with bitcoin and see that for bitcoin it was not true that asics were something bad, maybe for gpu miners on 2013 asics were bad news, but not for new asics miners who started a business and not for bitmain, and not for the bitcoin value.

Your logic is so fucked up.

ETH always was a GPU coin yet it managed to be the second big crypto in 2-3 years.

ASICs are thievery, nothing else. What ASIC manufacturers do is, stealing your right to buy a miner. Because when an ASIC manufacturer decides not to sell an ASIC, there is nothing you can do about it. If bitmain, bitfury, halong decide to not sell their HW so they can mine all the coins (bitfury is doing this pretty much btw) what would you think about that? While a GPU/CPU company has to sell their HW to their customers no matter what, ASIC companies can completely ignore this. Fuck ASICs.

Back to the topic.

There are 2 coins which keep GPU mining alive today. ETH and Zcash. If one of them dies, the damage will be huge. Tbh i dont think zcash has the power to carry all the available GPU's. Only Eth can do it and when it switches to PoS ot will be over for us.

[1713979048]

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[1713979048]

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[1713979048]

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[ManicMiner23]

Bitcoin started to be mined with asics on 2013, bitcoin value were at 40$ on march 2013, bitcoin went to 20k on december 2017, a 500x value, so if you say that asics makes a coin value to drop, you can see what happened with bitcoin and see that for bitcoin it was not true that asics were something bad, maybe for gpu miners on 2013 asics were bad news, but not for new asics miners who started a business and not for bitmain, and not for the bitcoin value.

Your logic is so fucked up.

ETH always was a GPU coin yet it managed to be the second big crypto in 2-3 years.

ASICs are thievery, nothing else. What ASIC manufacturers do is, stealing your right to buy a miner. Because when an ASIC manufacturer decides not to sell an ASIC, there is nothing you can do about it. If bitmain, bitfury, halong decide to not sell their HW so they can mine all the coins (bitfury is doing this pretty much btw) what would you think about that? While a GPU/CPU company has to sell their HW to their customers no matter what, ASIC companies can completely ignore this. Fuck ASICs.

Back to the topic.

There are 2 coins which keep GPU mining alive today. ETH and Zcash. If one of them dies, the damage will be huge. Tbh i dont think zcash has the power to carry all the available GPU's. Only Eth can do it and when it switches to PoS ot will be over for us.

Maybe asics are not fair, but, mining coins is not a regulated activity, you don`t need to go to anywhere pay for a license, pass controls, audits, etc, mining hardware manufacturers don`t need to ask for approval or to be lincesed to be able to mine a coin, if there is no regulation, and there is a competition for money, what do you expect?, A business that are capable of developing a miner and take lot of profit mining and selling this miner what is going to do, do you expect that this manufacturer is going to say: no, we are not going to earn millions because is it no fair for gpu miners, wake up, things does not work in this way.

If mining is not a regulated activity and anyone can access if you go to mining it you are doing it at your onw risk, but asic manufacturers are not too much different from us, we are mining for love to the project? or we are mining to earn money? because all the forums are plenty of people talking about profits, so in the end an asic manufacturer and al of us we wnt the same, profit from mining, and profit as much as possible.

If eth promised that they would be asic resistant and asics comes to play, would be a problem of ETH to find how to evolve the algo to make it asic resitant, and if is not possible to mine in the future with gpus due to asics, then miners should to take the decission to retire or to move to asic, as in all other industries.

[Iamtutut]

Back to the topic.

There are 2 coins which keep GPU mining alive today. ETH and Zcash. If one of them dies, the damage will be huge. Tbh i dont think zcash has the power to carry all the available GPU's. Only Eth can do it and when it switches to PoS ot will be over for us.

We'll see what happens with monero hard fork

[Layonk]

This year started pretty bad, if there were no asics, trust me profitability and altcoin market would be amazing right now. People would still be earning $4 per card on eth, zec would be around $5 per day. Asics kill any profitability and make any coin more centralized as the day goes.

I agree with you
People have to understand about everything, but they keep posting: GPU will never die, GPU forever...
Without knowing if they start to sell Equihash or Ethash Asics, it's probably the end...

There will be a lot of coins to mine for sure, but the difficulty will be insane for every coin, it's simple

Anyone with half a brain knows that. take siacoin for instance that just had asics released. theres NO one mining with gpus on that coin anymore, why because gpus are no longer profitable on it because of the high hashrate the asics push out

[rdluffy]

This year started pretty bad, if there were no asics, trust me profitability and altcoin market would be amazing right now. People would still be earning $4 per card on eth, zec would be around $5 per day. Asics kill any profitability and make any coin more centralized as the day goes.

I agree with you
People have to understand about everything, but they keep posting: GPU will never die, GPU forever...
Without knowing if they start to sell Equihash or Ethash Asics, it's probably the end...

There will be a lot of coins to mine for sure, but the difficulty will be insane for every coin, it's simple

Anyone with half a brain knows that. take siacoin for instance that just had asics released. theres NO one mining with gpus on that coin anymore, why because gpus are no longer profitable on it because of the high hashrate the asics push out

Yes, but people always try to forget this

You can mine BTC with GPUs, but is it profitable?

You gave a good example, for guys who doesn't believe, go mine SIA, it's mineable via GPU and Asic, check your profits 

[Piskeante]

This year started pretty bad, if there were no asics, trust me profitability and altcoin market would be amazing right now. People would still be earning $4 per card on eth, zec would be around $5 per day. Asics kill any profitability and make any coin more centralized as the day goes.

I agree with you
People have to understand about everything, but they keep posting: GPU will never die, GPU forever...
Without knowing if they start to sell Equihash or Ethash Asics, it's probably the end...

There will be a lot of coins to mine for sure, but the difficulty will be insane for every coin, it's simple

Anyone with half a brain knows that. take siacoin for instance that just had asics released. theres NO one mining with gpus on that coin anymore, why because gpus are no longer profitable on it because of the high hashrate the asics push out

Yes, but people always try to forget this


You can mine BTC with GPUs, but is it profitable?

You gave a good example, for guys who doesn't believe, go mine SIA, it's mineable via GPU and Asic, check your profits 

it's not that people forget it. In fact, it's a fact, that people here don't want you to know the real truth of this cryptoworld. That's why with no evidence, clue, argument or reason to believe in crypto or to consider it will recover, they apply blind faith to all, which is a way of misleading.

[philipma1957]

All asics cause big coin investors know what the hell is going on too and they know they will buy cheap eth and other altcoins, so they sell what they have and then buy back cheaper and then start filling their bags again for the next run, as they know there are asics for eth, now they are investigating the bottom, checking the desperate or idiots who will sell their eth, zec cheap and then will pump these coins 10 times next time. This is pure manipulation but they are only doing it cause they know they can cause asics gave them a reason too. If were not for asics then eth and other altcoins would not have crashed, even bitcoin would not crashed. Probably eth would have been around $3000, bitcoin close to $27k and zec $1200. It happened the same with bitcoin, as soon as asics started mining bitcoin, bitcoin crashed 15 times and then stood at 9 times.

Noobs will say bitcoin crashed because of mt.gox because they dont want to tell the truth. Bitcoin crashed with asics because it was easy money, so it was a run to sell or lose profit cause it was very easy to mine and earn bitcoins.

This is one of the best posts I have ever read from you.

Bitmain knew Mt Gox was going to sell off coins.

Bitmain had more then 85000 coins in wallets in dec of 2017

So they sold coins to get fiat.  And the two sellers crashed the price.


But in the case of bitmain. They buy new coins using gear sales.

So when I send in 1 bch for a l3 they only spent .5 bch to get my 1 bch.

I feel the build cost for a l3 is about .4 bch.

It is a vicious cycle.

But gpu dev can play shifting al-gore-rhythms to fight them

[sergw]

imho, asics - great evil for mining. some of them already have less $5/day profit, just consume electricity. GPU is much more flexible way, with many purposes. Finally you can sell it back to gamers.

[mindrust]

Bitcoin started to be mined with asics on 2013, bitcoin value were at 40$ on march 2013, bitcoin went to 20k on december 2017, a 500x value, so if you say that asics makes a coin value to drop, you can see what happened with bitcoin and see that for bitcoin it was not true that asics were something bad, maybe for gpu miners on 2013 asics were bad news, but not for new asics miners who started a business and not for bitmain, and not for the bitcoin value.

Your logic is so fucked up.

ETH always was a GPU coin yet it managed to be the second big crypto in 2-3 years.

ASICs are thievery, nothing else. What ASIC manufacturers do is, stealing your right to buy a miner. Because when an ASIC manufacturer decides not to sell an ASIC, there is nothing you can do about it. If bitmain, bitfury, halong decide to not sell their HW so they can mine all the coins (bitfury is doing this pretty much btw) what would you think about that? While a GPU/CPU company has to sell their HW to their customers no matter what, ASIC companies can completely ignore this. Fuck ASICs.

Back to the topic.

There are 2 coins which keep GPU mining alive today. ETH and Zcash. If one of them dies, the damage will be huge. Tbh i dont think zcash has the power to carry all the available GPU's. Only Eth can do it and when it switches to PoS ot will be over for us.

Maybe asics are not fair, but, mining coins is not a regulated activity, you don`t need to go to anywhere pay for a license, pass controls, audits, etc, mining hardware manufacturers don`t need to ask for approval or to be lincesed to be able to mine a coin, if there is no regulation, and there is a competition for money, what do you expect?, A business that are capable of developing a miner and take lot of profit mining and selling this miner what is going to do, do you expect that this manufacturer is going to say: no, we are not going to earn millions because is it no fair for gpu miners, wake up, things does not work in this way.

If mining is not a regulated activity and anyone can access if you go to mining it you are doing it at your onw risk, but asic manufacturers are not too much different from us, we are mining for love to the project? or we are mining to earn money? because all the forums are plenty of people talking about profits, so in the end an asic manufacturer and al of us we wnt the same, profit from mining, and profit as much as possible.

If eth promised that they would be asic resistant and asics comes to play, would be a problem of ETH to find how to evolve the algo to make it asic resitant, and if is not possible to mine in the future with gpus due to asics, then miners should to take the decission to retire or to move to asic, as in all other industries.

If you think that way, don't get upset when devs fork the coin whenever a ASIC pops up. If manufacturers don't respect the community and decides to steal, they deserve a big fuck you in their faces. Bitcoin community was too stupid to understand what was going on and now millions of USD invested in ASICs so it is too late to get out but monero community saw it through and forking away before things get out of hand.

[rdluffy]

Bitcoin started to be mined with asics on 2013, bitcoin value were at 40$ on march 2013, bitcoin went to 20k on december 2017, a 500x value, so if you say that asics makes a coin value to drop, you can see what happened with bitcoin and see that for bitcoin it was not true that asics were something bad, maybe for gpu miners on 2013 asics were bad news, but not for new asics miners who started a business and not for bitmain, and not for the bitcoin value.

Your logic is so fucked up.

ETH always was a GPU coin yet it managed to be the second big crypto in 2-3 years.

ASICs are thievery, nothing else. What ASIC manufacturers do is, stealing your right to buy a miner. Because when an ASIC manufacturer decides not to sell an ASIC, there is nothing you can do about it. If bitmain, bitfury, halong decide to not sell their HW so they can mine all the coins (bitfury is doing this pretty much btw) what would you think about that? While a GPU/CPU company has to sell their HW to their customers no matter what, ASIC companies can completely ignore this. Fuck ASICs.

Back to the topic.

There are 2 coins which keep GPU mining alive today. ETH and Zcash. If one of them dies, the damage will be huge. Tbh i dont think zcash has the power to carry all the available GPU's. Only Eth can do it and when it switches to PoS ot will be over for us.

Maybe asics are not fair, but, mining coins is not a regulated activity, you don`t need to go to anywhere pay for a license, pass controls, audits, etc, mining hardware manufacturers don`t need to ask for approval or to be lincesed to be able to mine a coin, if there is no regulation, and there is a competition for money, what do you expect?, A business that are capable of developing a miner and take lot of profit mining and selling this miner what is going to do, do you expect that this manufacturer is going to say: no, we are not going to earn millions because is it no fair for gpu miners, wake up, things does not work in this way.

If mining is not a regulated activity and anyone can access if you go to mining it you are doing it at your onw risk, but asic manufacturers are not too much different from us, we are mining for love to the project? or we are mining to earn money? because all the forums are plenty of people talking about profits, so in the end an asic manufacturer and al of us we wnt the same, profit from mining, and profit as much as possible.

If eth promised that they would be asic resistant and asics comes to play, would be a problem of ETH to find how to evolve the algo to make it asic resitant, and if is not possible to mine in the future with gpus due to asics, then miners should to take the decission to retire or to move to asic, as in all other industries.

If you think that way, don't get upset when devs fork the coin whenever a ASIC pops up. If manufacturers don't respect the community and decides to steal, they deserve a big fuck you in their faces. Bitcoin community was too stupid to understand what was going on and now millions of USD invested in ASICs so it is too late to get out but monero community saw it through and forking away before things get out of hand.

I'm frustrated because people came to cryptos to have the control of their own money, decentralization, a great protest against our financial system.
But people just want to treat cryptos like any investment and just want to take profits no matter what

[philipma1957]

Bitcoin started to be mined with asics on 2013, bitcoin value were at 40$ on march 2013, bitcoin went to 20k on december 2017, a 500x value, so if you say that asics makes a coin value to drop, you can see what happened with bitcoin and see that for bitcoin it was not true that asics were something bad, maybe for gpu miners on 2013 asics were bad news, but not for new asics miners who started a business and not for bitmain, and not for the bitcoin value.

Your logic is so fucked up.

ETH always was a GPU coin yet it managed to be the second big crypto in 2-3 years.

ASICs are thievery, nothing else. What ASIC manufacturers do is, stealing your right to buy a miner. Because when an ASIC manufacturer decides not to sell an ASIC, there is nothing you can do about it. If bitmain, bitfury, halong decide to not sell their HW so they can mine all the coins (bitfury is doing this pretty much btw) what would you think about that? While a GPU/CPU company has to sell their HW to their customers no matter what, ASIC companies can completely ignore this. Fuck ASICs.

Back to the topic.

There are 2 coins which keep GPU mining alive today. ETH and Zcash. If one of them dies, the damage will be huge. Tbh i dont think zcash has the power to carry all the available GPU's. Only Eth can do it and when it switches to PoS ot will be over for us.

Maybe asics are not fair, but, mining coins is not a regulated activity, you don`t need to go to anywhere pay for a license, pass controls, audits, etc, mining hardware manufacturers don`t need to ask for approval or to be lincesed to be able to mine a coin, if there is no regulation, and there is a competition for money, what do you expect?, A business that are capable of developing a miner and take lot of profit mining and selling this miner what is going to do, do you expect that this manufacturer is going to say: no, we are not going to earn millions because is it no fair for gpu miners, wake up, things does not work in this way.

If mining is not a regulated activity and anyone can access if you go to mining it you are doing it at your onw risk, but asic manufacturers are not too much different from us, we are mining for love to the project? or we are mining to earn money? because all the forums are plenty of people talking about profits, so in the end an asic manufacturer and al of us we wnt the same, profit from mining, and profit as much as possible.

If eth promised that they would be asic resistant and asics comes to play, would be a problem of ETH to find how to evolve the algo to make it asic resitant, and if is not possible to mine in the future with gpus due to asics, then miners should to take the decission to retire or to move to asic, as in all other industries.

If you think that way, don't get upset when devs fork the coin whenever a ASIC pops up. If manufacturers don't respect the community and decides to steal, they deserve a big fuck you in their faces. Bitcoin community was too stupid to understand what was going on and now millions of USD invested in ASICs so it is too late to get out but monero community saw it through and forking away before things get out of hand.

I'm frustrated because people came to cryptos to have the control of their own money, decentralization, a great protest against our financial system.
But people just want to treat cryptos like any investment and just want to take profits no matter what

They are an investment but with good developers endless forking would keep the coins as gpu.

Monero and zec need to state we will fucking fork any asic quickly.

I say this because one is good for amd and one is good for nvidia .

This would allow smaller miners to stay in the game

[Metroid]

They are an investment but with good developers endless forking would keep the coins as gpu.

It's about time devs do something about it because as far as difficulty goes, i see all major/popular altcoins are already compromised by asics. You trolls see the price crash, I see asics on the play. There are no nvidia gpus anymore in the market and yet all equihash coins difficulty silently still goes up. The thing is already damned and yet they damn a lot more for the small fry. They are evil to no end but no matter, punishment in different forms will come to them very soon.

[dimpsk]

ASICs violates the main rule of crypto cureyncys - decentralisation. Also it is scum becouse retail customer now could not get gain on them. Only big producers in China.
So if community wants to live further there is no way but frequency forks to destroy them.

[vapourminer]

seems right now even "mining" cards are 95% stock video cards, just with no display connectors. everything else is the same except maybe the bios.

i wonder how far a REAL mining card could be stripped down if it didnt need to conform to the pcie spec physically and electrically.  only needs a 1x pcie connector, a few pcie power connectors, a GPU, memory and few glue chips and thats it. so it could be much less expensive, fit into smaller (non standard mining only) cases, reach higher rates (tweaked memory and timings and controllers, say 512 bits wide or something [if that can be done i gather memory bus is baked into the gpu, but maybe bank switching or something can be done]). twice the compute power in half the space. would be sweet.

just need someone to step up and order bare gpu dies and go to town.

[blacktux88]

that will happen for sure ... but you have to sell free enough your cards ... we bought 1070 fpr 340 price now up to 700 =))

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.

[dimpsk]

that will happen for sure ... but you have to sell free enough your cards ... we bought 1070 fpr 340 price now up to 700 =))

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 bought them by $400 once upon a time. Now I would not buy them more then by $300. It is does not worth it

[Ursul0]

It's funny, people are paying $800 for a rx 580 and they think gpu mining will not die hehe, Yes it will not die cause it's already dead hehe.

CPUs are the next to go, soon only the elite will own anything more powerful than a NES. We're seeing the inversion of Moore's Law.

Moore's law is not really a law, but it states that the number of transistors on a piece of silicon would double every 18 or so months.
So WTF are you saying?

Also there's very interesting time coming to the industry with "silicon wall" issue. Practically it means that there will be no smaller "traditional" process possible after around 5nm - the existing fabs would need to have serious upgrades and it's not yet clear what will be the direction...

[Ursul0]

... ethash uses memory which is something a fucking asic DOESNT HAVE,
so unless theres an asic that has memory, but at that point it would NO LONGER BE AN ASIC as you would be able to run anything on it since its soooooooo danm close to a PC

ASIC is ASIC and memory is memory. ASICs use memory if required(fuck why not?), more than that ASICs often based around RISC CPUs(some low end ARM 9 for all the surrounding stuff may add a few bucks but solve lots of issues. I'd guess that if you build an ASIC miner you won't put ARM core for each algo solver though...)

And as for the GPUs usability just a thought for you: when Google were teaching(neural network) their Google Brain they have acquired few thousand GPUs for that purpose.

[Metroid]

"Analyst firm Susquehanna has cut AMD and NVIDIA's share price targets on the wake of confirmed reports on Bitmain's upcoming Ethereum ASIC. There's been talks about such a product for months - and some actual silicon steering as well that might support it. Susquehanna, through analyst Christopher Rolland in a note to clients Monday, cited their travels in Asia as a source of information.

This has brought confirmations that "(...) Bitmain has already developed an ASIC [application-specific integrated circuit] for mining Ethereum, and is readying the supply chain for shipments in 2Q18." And it doesn't seem Bitmain is the only company eyeing the doors of yet another extremely lucrative ASIC mining market: "While Bitmain is likely to be the largest ASIC vendor (currently 70-80% of Bitcoin mining ASICs) and the first to market with this product, we have learned of at least three other companies working on Ethereum ASICs, all at various stages of development.""

https://www.techpowerup.com/242717/nvidia-amd-to-face-worsening-investment-outlook-as-bitmain-preps-to-launch-ethereum-asic

The end looks to be closing up hehe, soon your gpus will be only to bake potatoes hehe

[philipma1957]

"Analyst firm Susquehanna has cut AMD and NVIDIA's share price targets on the wake of confirmed reports on Bitmain's upcoming Ethereum ASIC. There's been talks about such a product for months - and some actual silicon steering as well that might support it. Susquehanna, through analyst Christopher Rolland in a note to clients Monday, cited their travels in Asia as a source of information.

This has brought confirmations that "(...) Bitmain has already developed an ASIC [application-specific integrated circuit] for mining Ethereum, and is readying the supply chain for shipments in 2Q18." And it doesn't seem Bitmain is the only company eyeing the doors of yet another extremely lucrative ASIC mining market: "While Bitmain is likely to be the largest ASIC vendor (currently 70-80% of Bitcoin mining ASICs) and the first to market with this product, we have learned of at least three other companies working on Ethereum ASICs, all at various stages of development.""

https://www.techpowerup.com/242717/nvidia-amd-to-face-worsening-investment-outlook-as-bitmain-preps-to-launch-ethereum-asic

The end looks to be closing up hehe, soon your gpus will be only to bake potatoes hehe

bro  those potatoes  will be forked over and over and over again.

By July 1  Both  zcash and monero  will be fucking forking fucking french fried freaking potatoes into pieces.

Asics will rue the day they attacked  gpus coins.

I look into your twisted mind and see your plan to scoop up discounted gpus  from those  that panic.  I will simply shut mine off  since they are paid for and fire them up  when the time comes to do so this July or August.