GPU mining will die in 2018!

[swogerino]

Let's hope it dies to the point where the price of graphic cards will fall down to their natural price. A RX 580 8GB has a MSRP price of only 229 dollars, if it goes back to this price or just a bit more I will buy more of them and mine Ethereum forks, or coins based on Ethereum like Musicoin or Pirl. Can't wait for that moment to happen.

Looks it has already started

https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2050601.m570.l1313.TR0.TRC0.H0.Xrx+580.TRS0&_nkw=rx+580&_sacat=0

[EricJH801]

If you look at the sold auctions for RX 580 8GB then you can see they are selling from around 300 used up to 400 depending on brand/etc.  So they are coming down but still not back to MSRP.

I got an in stock notification today from a US Distro (Ingram Micro) but they are charging 450.00 for an XFX R80 8GB.   Still crazy high there.

Ebay Link for sold rx 580 8gb

https://www.ebay.com/sch/i.html?_from=R40&_nkw=rx+580+8gb&_in_kw=1&_ex_kw=&_sacat=0&LH_Sold=1&_udlo=&_udhi=&_samilow=&_samihi=&_sadis=15&_stpos=84040&_sargn=-1%26saslc%3D1&_salic=1&_sop=10&_dmd=1&_ipg=200&LH_Complete=1

Let's hope it dies to the point where the price of graphic cards will fall down to their natural price. A RX 580 8GB has a MSRP price of only 229 dollars, if it goes back to this price or just a bit more I will buy more of them and mine Ethereum forks, or coins based on Ethereum like Musicoin or Pirl. Can't wait for that moment to happen.

Looks it has already started

https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2050601.m570.l1313.TR0.TRC0.H0.Xrx+580.TRS0&_nkw=rx+580&_sacat=0

[witch]

I think i've heard that almost as many times as Bitcoin is dead. LOL.

Yes, sounds like a typical crypto classic to me. When will China start banning GPU mining?

[dimpsk]

Let's hope it dies to the point where the price of graphic cards will fall down to their natural price. A RX 580 8GB has a MSRP price of only 229 dollars, if it goes back to this price or just a bit more I will buy more of them and mine Ethereum forks, or coins based on Ethereum like Musicoin or Pirl. Can't wait for that moment to happen.

Looks it has already started

https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2050601.m570.l1313.TR0.TRC0.H0.Xrx+580.TRS0&_nkw=rx+580&_sacat=0

Agreed, GPU prices are  still in a hype zone.  As soon miners realised mining is not profitable now as soon  prices back down to  MSRP.  It will  be better for all exept may be fat cats in NVidia and AMD.

[gotminer]

No way, it can't die. There will be new coins with new algorithms, like zec. Also you can mine ETH forks.

The issue isn't the lack of coins that can be mined with gpu's.  The issue is all of the gpu hashpower that will have to go somewhere and drive difficulty through the roof if something new doesn't replace one of the majors that become unminable via gpu.

[ciciteng]

With all due respect to all of us; I myself mine with GPUs. And yes still profitable.
But let's face the reality, like it or not, ASIC bastard will coming. And it will slowly kill GPU.
The only possible way to defend from those ASIC plague is like what Monero doing. Changing the algo since and then. At least there is a chance to make those ASIC bastard to become expensive door stop.
Bitmain recently just releasing ethash ASIC miner. And it 180 Mh/s. Are you sure that this is the best Bitmain can do? 180 HM/s, really? I bet thy have more than that under their wraps. This is just distraction like when they attack cryptonight coin with their ASIC and accused bot-net for that.
C'mon Jihan, share some pie. Don't eat it alone you sick!

[Metroid]

C'mon Jihan!

That man has been investing on hydroelectric and lands for the reason of mining, only the chinese gov can make him go away and as far as i can tell, the chinese gov is getting some of that pie jihan is eating hehe

[whitefire990]

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.

anyone whom believes there are or will be asic's for Ethash is a dumb fool, there will NEVER be asics for that algo or any other asic resistant algo. there called that for a reason, so if you caught word of there being such devices why don't you share the source otherwise you are just blowing smoke up everyones ass. SHOW US THE PROOF that there is going to be an asic for equihash and or ethash

Well the proof is the E3....

[rdluffy]

Let's give up guys, let Jihan have all the power to control markets

I think he is very good to cryptos and I'll be happy if he decides what is best for us

Like a bank or government

[Ayuluv2001]

So it turns out, the e3 is 180 mhs and the f3 is 1500 mhs, almost 10 times more hashrate and bitmain was smart, put the f3 when the network could not be filled with gpus anymore because there were no gpus to be bought anymore hehe, so they could camouflage their f3 as gpus hehe, december - january timeframe hehe

You are full of crap, all your words are completely wrong. You are trying too look smart and like some prophet but actually, I laugh at you all day long.

I used to think like you, but Metroid was right all the time, I have to admit and there is no problem of doing this

Bitmain have F3 mining for sure
E3 is just old hardware they will dump to idiots

If you look to diff you'll see

yes if I am Jihan, I would also mined with my latest BEST miner before releasing to the public.

When he starts to sell means he has something better than what he sells to keep his profit and mining consistant

[Metroid]

If eth devs do nothing then next year they will start selling the f3 which they will probably rename it to something else to not cause suspicion, probably e4 with 1500mhs and the e5 will be kept hidden doing 20000 mhs hehe.

[mbdmbn]

33 pages, TL;DR.

We're now in April, did it die yet?

I'll come back and check on this thread on the 31st of December, before I proclaim you to be a very ineffective seer

[AlexKr]

Now the profitability from the GPU mining is such that if nothing changes, it will not  profitable. And if the complexity of the network increases, even more.

[PIOUPIOU99]

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.

indirectly you are the one who pushed bitmain to officially release the E3 with your threads and question.
sorry I have no merit to give you but you should have +.
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[toyo87]

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.

There will.....

[notbatman]

For 1080ti:


Source: http://whattomine.com

[Metroid]

Amazing, that is really how things are at moment hehe

[dimpsk]

For 1080ti:

https://i.imgur.com/zNBb6qg.jpg
Source: http://whattomine.com



https://i.imgur.com/XbU9K9F.jpg

$0.76 profit per day for 1 1080ti seems to be a bit optimistic. But it is close to the truth 

[pushion]

0.76 per day, means you need 2000+ days to recoup your investment!?!

[badfad]

0.76 per day, means you need 2000+ days to recoup your investment!?!

Maybe you were a fucking moron to buy it at 1500 $? Like all of the fucking go-rich kiddies who bought 1080tis when they were doing 20 $ + /day.