GPU mining will die in 2018!

[mbdmbn]

GPU mining will never die. Profitability, on the other hand, could be wiped out for a lot of people, depending on their individual electricity/rent rates.

So yea, the title of this thread is sensationalist and it should read something along the lines of, "Profitability from GPU mining will crash/be wiped out, in 2018".

You will "always" be able to mine coins with GPU's even if it is profitable or not.

[iTradeChips]

Problem with this issue is that many people are using GPU mining only and are not capable of buying ASIC miners. Too expensive for the average joe to purchase those ASICS miners. Greed drives the powerful so that the weak will lose. Don't let it happen. Continue with the GPU mining.

[JcJet]

People are being hysterical recently, because of downtrend.
It's easy for developers to make ASIC resistant systems. If not permanent, but they can just make some changes to the algo so new ASIC will be needed. That way maybe only Bitmain will be in proffit, because they mined on these asics before they went public and they're cheap for them.
I said developers, not copy-pasters from shitforks.
Proffitability dropped for everyone, ASIC miners are crying too.

[rdluffy]

People are being hysterical recently, because of downtrend.
It's easy for developers to make ASIC resistant systems. If not permanent, but they can just make some changes to the algo so new ASIC will be needed. That way maybe only Bitmain will be in proffit, because they mined on these asics before they went public and they're cheap for them.
I said developers, not copy-pasters from shitforks.
Proffitability dropped for everyone, ASIC miners are crying too.

Bitmain are the biggest player, BTC devs don't have balls to change algo and BTC are VERY CENTRALIZED

[Piskeante]

so, the cryptocurrency is supposed to be decentralized, but in fact the biggest coin (BTC) is the most centralized coin you can imagine.

What the heck......

[rdluffy]

so, the cryptocurrency is supposed to be decentralized, but in fact the biggest coin (BTC) is the most centralized coin you can imagine.

What the heck......

Yes
GPUs are the best way to make coins decentralized at the moment, easy to buy, everyone can join the game, and is multi purpose, you can mine, game, folding@home, etc

[antantti]

You see, I did this before this "huge alt coins crash" happened, I already knew this would happen, at that time nobody believed me because profit was very high. Now they are getting together and starting to accept reality, profitability has never been worse, not even when litecoin crashed in 2014 was this bad, matter of fact it was never like this in crypto history and that is mainly to asics cause investors know they can buy coins cheaper from whoever is running asics cause they know asics profitability is 100x, so they want to pay 100 times lower to asics miners. Now if tomorrow eth goes to pos then price would jump 10 times instantly, supply and demand.

I had to sell/ shut down my tahiti/ hawaii rigs back in 2014/ 2015. They are very profitable today.

We are not there yet, there's more to come. Just wait.

[Lerva]

I don't think GPU mining will die.Not totally I mean.I'm looking forward to see NVIDIA's next architecture.And how much will 7nm VEGA improve vs. 14nm.Interesting.

[ico41]

Problem with this issue is that many people are using GPU mining only and are not capable of buying ASIC miners. Too expensive for the average joe to purchase those ASICS miners. Greed drives the powerful so that the weak will lose. Don't let it happen. Continue with the GPU mining.

I have a small GPU rig - 3 1070 TI's and it's a great little rig and does a very stable job of running 24/7. I understand about profitability and how important that is, but I do think it's worth it to mine at break-even if you believe in the long-term viability of a coin.  For instance, I believe in RVN so even though I'm not really making much money, or any maybe, I'm enjoying the mining because I believe in the coin. If you think of how much we spend daily on things like Starbucks, or maybe cigarettes, or any number of a hundred other habits, mining at a small loss doesn't sound like a completely stupid idea, especially if you give up one of those habits.  SBUX costs around $3-5 a day or more.  I'll just say that I would rather "lose" that money mining than have nothing at the end of the year but 360 memories of a latte.

One thing that I find kind of interesting is that the ASIC/GPU price is narrowing. The 1080 TI's on NewEgg are still around $900, but on Craigslist I'm seeing S9's for as little as $1,700 (in Los Angeles area) and I don't really think they are ALL scams.  Seems like an ASIC S9 might be a better long-term investment than two 1080's ... if you believe in the Long Term value of the coins that S9's can mine, that is.

[mindrust]

Problem with this issue is that many people are using GPU mining only and are not capable of buying ASIC miners. Too expensive for the average joe to purchase those ASICS miners. Greed drives the powerful so that the weak will lose. Don't let it happen. Continue with the GPU mining.

I have a small GPU rig - 3 1070 TI's and it's a great little rig and does a very stable job of running 24/7. I understand about profitability and how important that is, but I do think it's worth it to mine at break-even if you believe in the long-term viability of a coin.  For instance, I believe in RVN so even though I'm not really making much money, or any maybe, ...

Wtf... Did you know that you could have bought more ravens than what you were getting from mining if you were doing nicehash and then bought ravens with your bitcoins? Now you know.

It is pointless to mine a shitcoin while you can mine a better alternative and then buy more of that shitcoin. Be smart please.

*no offense to raven btw, i like it because of its unique algo. It might be the savior we are looking for. Did a nice pump recently too. *

Edit: I was probably wrong with my calculations. I am on it.
Edit2: Turns out to be, the profitability was the same whether you do nicehash or mine raven directly.

[rdluffy]

Problem with this issue is that many people are using GPU mining only and are not capable of buying ASIC miners. Too expensive for the average joe to purchase those ASICS miners. Greed drives the powerful so that the weak will lose. Don't let it happen. Continue with the GPU mining.

I have a small GPU rig - 3 1070 TI's and it's a great little rig and does a very stable job of running 24/7. I understand about profitability and how important that is, but I do think it's worth it to mine at break-even if you believe in the long-term viability of a coin.  For instance, I believe in RVN so even though I'm not really making much money, or any maybe, I'm enjoying the mining because I believe in the coin. If you think of how much we spend daily on things like Starbucks, or maybe cigarettes, or any number of a hundred other habits, mining at a small loss doesn't sound like a completely stupid idea, especially if you give up one of those habits.  SBUX costs around $3-5 a day or more.  I'll just say that I would rather "lose" that money mining than have nothing at the end of the year but 360 memories of a latte.

One thing that I find kind of interesting is that the ASIC/GPU price is narrowing. The 1080 TI's on NewEgg are still around $900, but on Craigslist I'm seeing S9's for as little as $1,700 (in Los Angeles area) and I don't really think they are ALL scams.  Seems like an ASIC S9 might be a better long-term investment than two 1080's ... if you believe in the Long Term value of the coins that S9's can mine, that is.

But what will you do with S9 Asic when difficulty rises a lot, another model launches and your coin generated doesn't pay electricity?

[tazmako]

i don't think gpu miner die yet in this year but  card need to mine other algo like tribus

[DigDeepMining]

I personally hope GPU mining does not die but for the past two to three weeks maybe even longer checking my calculations on what to mine the profit margin as dramatically dropped meaning my miners barley get turned on these days unless I see a new crypto that catches my eye and then I only mine for a short period and  hope development of that coin continues in most cases development is short but not so sweet.

I keep my fingers crossed that profit will increase soon but the way things are looking right now I don't hold much hope, such a shame as I enjoyed mining it was fun

On the plus side, at least GPUs should fall in price... but nobody will want them

I vote for GPU mining to survive!!

[creative~mind]

It may not die too early, since we have algorithms like equihash that give some nice level of ASIC resistance to some of these cryptos.
But it looks like it's temporary... So in order to survive, these cryptos would need developers constantly introducing changes in the protocol, which brings centralization concerns.

[notbatman]

Hey OP I hope you're cute 'cause you need to get bent; Monero forking off asics and botnets in about a week.  

[DIXxX]

Hey OP I hope you're cute 'cause you need to get bent; Monero forking off asics and botnets in about a week.  

I haven't mined Monero...is it worth it with 1070s? Will it be better after fork or?

[Xising]

I don't think so. There will always be coins with a dedication to GPU and CPU mining. Vertcoin for example, Ethereum classic and the likes. There are even more ICOs that envision developing PC and even mobile mining to integrate the aspect of decentralized mining in their networks.

I agree. However, I think this concept comes from the fact that since Bitcoin has been piling up in the market and more and more coin is circulating the market, it has become very hard to mine as compared before. I have read an article that as a coin reaches its market cap, it will become harder to mine because the algorithms to solve also becomes harder, plus the fact that the saturation is way lower than before. It would not die, but I think that because it will become harder to mine, people would look for other options to get a hold of Bitcoins.

[bluecoinX]

With so many graphics CARDS, it is impossible to kill all of them. I believe that the next coin will still be the card mining, and I still insist on the mine.

[notbatman]

Hey OP I hope you're cute 'cause you need to get bent; Monero forking off asics and botnets in about a week.  

I haven't mined Monero...is it worth it with 1070s? Will it be better after fork or?

I can only speculate but $3 per card/day is a conservative estimate.

[Metroid]

I can only speculate but $3 per card/day is a conservative estimate.

It's a good thing, monero devs will hard fork it, profitability will increase a bit again, cause right now only ethash is holding it and as many investors know there are possible eth asics mining already and they dont want to pay the current price cause they think they can buy it cheaper because of asics, reason eth is dipping every day x bitcoin and as soon eth devs do something about it, investors will start buying eth once again and profitability will increase again.