GPU mining will die in 2018!

[philipma1957]

im used 10x gtx 1080ti produce 56usd per day

And how much your capital investment for 10 GTX 1080ti ?
Hahaha.
Lets do the math

10=7000




If purchased summer of 2017

365 x 56 = 20000

Power is 5 a day 1800




So

20000- 8800 =

11200

Minus two mobos ram psus

Looks like he made over 10000 if purchase was summer 2017


Lower it to 4000 if purchase was nov 1

And resale is. 4000 easy. So. 14000 if July 15

Or 8000 if nov 1

Profit is 7000 + 1800 = 8800

[Emeskhalifah]

im used 10x gtx 1080ti produce 56usd per day

And how much your capital investment for 10 GTX 1080ti ?
Hahaha.
Lets do the math

10=7000




If purchased summer of 2017

365 x 56 = 20000

Power is 5 a day 1800




So

20000- 8800 =

11200

Minus two mobos ram psus

Looks like he made over 10000 if purchase was summer 2017


Lower it to 4000 if purchase was nov 1

And resale is. 4000 easy. So. 14000 if July 15

Or 8000 if nov 1

Profit is 7000 + 1800 = 8800

so he's yet to make profit?

[Pentacost]

Hi fellow miners, new here.  May I know what coins are you guys mining nowadays?

[STriderFIN77]

Hi fellow miners, new here.  May I know what coins are you guys mining nowadays?

I have bunch of older radeon GPUs and i mine mainly Monero (XMR) with em, and bunch of abused laptops that mines AEON, as its bit nicer for older machinaes

[Pentacost]

Hi fellow miners, new here.  May I know what coins are you guys mining nowadays?

I have bunch of older radeon GPUs and i mine mainly Monero (XMR) with em, and bunch of abused laptops that mines AEON, as its bit nicer for older machinaes

Interesting choice, I tried Bittube (TUBE), but went back to ETH as I was having problems with Bittrex. Curious why did you choose AEON, profitability seems to be almost almost half of ETH according to whatomine.com

[timpum]

im used 10x gtx 1080ti produce 56usd per day

And how much your capital investment for 10 GTX 1080ti ?
Hahaha.
Lets do the math

The fact is that in July of this year 10 pcs 1080ti could not mine $ 56. Although this man may have found a mining Eldorado.

[almonk]

GPU mining just needs good self-modifying hashing algo to prevent ASICs and some top coins to adopt it. GPU miners have proven to provide nice distribution and resistance to botnet mining abuse.

[adaseb]

GPU mining just needs good self-modifying hashing algo to prevent ASICs and some top coins to adopt it. GPU miners have proven to provide nice distribution and resistance to botnet mining abuse.

This probably won't be the case.

Take Bitcoin or Litecoin for example, they have only ASICs running the networks and it's been fine for the last few years.

The centralization issue only occurs if there is one ASIC manufacturer who refuses to distribute their miners and mines with most of the hashrate like everyone assumed Bitmain did back in 2017 with the whole Segwit mess.

However if there are many manufactures of ASICs and they are properly priced where many end retail users buy them for home use around the world then there is no centralization issue anymore.

Hence the reason why BTC or LTC didn't change their algo in the past as ASICs came in.

[almonk]

It will probably depend if there will be actual competition between ASIC manufacturers or not. Most ASIC manufacturers mine using their new chips first and then later release it to the market. It is very unfair to other miners who can not manufacture their own ASICs. It will be a lot less independent mining operations - centralization.

BTC is very centralized mining now. It will hurt in the future. They probably did not see it back then.

GPUs distribution around the world is a lot better and AMD and Nvidia do not run mining operations.

This probably won't be the case.

Take Bitcoin or Litecoin for example, they have only ASICs running the networks and it's been fine for the last few years.

The centralization issue only occurs if there is one ASIC manufacturer who refuses to distribute their miners and mines with most of the hashrate like everyone assumed Bitmain did back in 2017 with the whole Segwit mess.

However if there are many manufactures of ASICs and they are properly priced where many end retail users buy them for home use around the world then there is no centralization issue anymore.

Hence the reason why BTC or LTC didn't change their algo in the past as ASICs came in.

[Marvell2]

GPU mining just needs good self-modifying hashing algo to prevent ASICs and some top coins to adopt it. GPU miners have proven to provide nice distribution and resistance to botnet mining abuse.

This probably won't be the case.

Take Bitcoin or Litecoin for example, they have only ASICs running the networks and it's been fine for the last few years.

The centralization issue only occurs if there is one ASIC manufacturer who refuses to distribute their miners and mines with most of the hashrate like everyone assumed Bitmain did back in 2017 with the whole Segwit mess.

However if there are many manufactures of ASICs and they are properly priced where many end retail users buy them for home use around the world then there is no centralization issue anymore.

Hence the reason why BTC or LTC didn't change their algo in the past as ASICs came in.

again u make no sense, why do you keep posting this nonsense, ltc and btc is all centralized asic mining

unless you have near free power its unprofitable to mine which puts it out of reach for home or small even midsize miners.

The networks are OWNED by bitmain and other colluding asic miners who not only sell the shovels but own the biggest mines, theres no central group in either algo to challenge them like they should by changing algo like xmr did so how could a switch be accomplished lolol?!

what the fuck do u mean an algo switch was not made because its fine?! lol the foxes are in the hen house why would they leavr now?!.

just stop posting man u must think we are blind deaf and dumb stop it

[adaseb]

GPU mining just needs good self-modifying hashing algo to prevent ASICs and some top coins to adopt it. GPU miners have proven to provide nice distribution and resistance to botnet mining abuse.

This probably won't be the case.

Take Bitcoin or Litecoin for example, they have only ASICs running the networks and it's been fine for the last few years.

The centralization issue only occurs if there is one ASIC manufacturer who refuses to distribute their miners and mines with most of the hashrate like everyone assumed Bitmain did back in 2017 with the whole Segwit mess.

However if there are many manufactures of ASICs and they are properly priced where many end retail users buy them for home use around the world then there is no centralization issue anymore.

Hence the reason why BTC or LTC didn't change their algo in the past as ASICs came in.

again u make no sense, why do you keep posting this nonsense, ltc and btc is all centralized asic mining

unless you have near free power its unprofitable to mine which puts it out of reach for home or small even midsize miners.

The networks are OWNED by bitmain and other colluding asic miners who not only sell the shovels but own the biggest mines, theres no central group in either algo to challenge them like they should by changing algo like xmr did so how could a switch be accomplished lolol?!

what the fuck do u mean an algo switch was not made because its fine?! lol the foxes are in the hen house why would they leavr now?!.

just stop posting man u must think we are blind deaf and dumb stop it

BTC has many different ASIC manufacturers from various parts of the world. You got multiple manufactures in China like Canaan and Bitmain and you got some in Japan and you got Bitfury in USA.

I agree with you some of the other algos like maybe Dash or ZEC are more centralized due to the ASICs but with the millions of ASICs already out there for BTC, they are scattered throughout the entire planet and have a good decentralised hashrate from one another.

The problem is... if BTC keeps dropping then people in certain parts of the world will be forced to turn off their ASICs and then it might be more centralized in one area than another.

[lunobird]

GPU mining just needs good self-modifying hashing algo to prevent ASICs and some top coins to adopt it. GPU miners have proven to provide nice distribution and resistance to botnet mining abuse.

This probably won't be the case.

Take Bitcoin or Litecoin for example, they have only ASICs running the networks and it's been fine for the last few years.

The centralization issue only occurs if there is one ASIC manufacturer who refuses to distribute their miners and mines with most of the hashrate like everyone assumed Bitmain did back in 2017 with the whole Segwit mess.

However if there are many manufactures of ASICs and they are properly priced where many end retail users buy them for home use around the world then there is no centralization issue anymore.

Hence the reason why BTC or LTC didn't change their algo in the past as ASICs came in.

again u make no sense, why do you keep posting this nonsense, ltc and btc is all centralized asic mining

unless you have near free power its unprofitable to mine which puts it out of reach for home or small even midsize miners.

The networks are OWNED by bitmain and other colluding asic miners who not only sell the shovels but own the biggest mines, theres no central group in either algo to challenge them like they should by changing algo like xmr did so how could a switch be accomplished lolol?!

what the fuck do u mean an algo switch was not made because its fine?! lol the foxes are in the hen house why would they leavr now?!.

just stop posting man u must think we are blind deaf and dumb stop it

BTC has many different ASIC manufacturers from various parts of the world. You got multiple manufactures in China like Canaan and Bitmain and you got some in Japan and you got Bitfury in USA.

I agree with you some of the other algos like maybe Dash or ZEC are more centralized due to the ASICs but with the millions of ASICs already out there for BTC, they are scattered throughout the entire planet and have a good decentralised hashrate from one another.

The problem is... if BTC keeps dropping then people in certain parts of the world will be forced to turn off their ASICs and then it might be more centralized in one area than another.

All those antminers get funneled into 5 top mining pools. They have all the centralized power. They have voting power over your asics not you and your antminer. And you can't solo mine unless you got a very very large farm and if you do you just centralized the network

[lessaul]

Little by little we will reach that point, gentleman, everything is in a decay so big that it is impressive for us, and at the same time it is bad for many people who invested so much in a expensive GPU.

[DevelopmentBank]

Little by little we will reach that point, gentleman, everything is in a decay so big that it is impressive for us, and at the same time it is bad for many people who invested so much in a expensive GPU.

Yeah sadly this is slowly being a reality. The good thing is, you invested in actual phyiscal hardware and actually sell this (granted, at a loss) to still get some value out of it. Just imagine if you had invested in coins directly during 2017's all time high. You'd have blue balls by now trying to hold.

Look at the bright side! Mining was fun!

[almonk]

Little by little we will reach that point, gentleman, everything is in a decay so big that it is impressive for us, and at the same time it is bad for many people who invested so much in a expensive GPU.

Well, GPUs can also be used for many other things such as rendering, gaming, AI, scientific calculations etc. It is not that bad. What can you do with old ASICs which became unprofitable?

[rdluffy]

Thank you Metroid to alert about this, GPU mining is dead

[stomachgrowls]

Little by little we will reach that point, gentleman, everything is in a decay so big that it is impressive for us, and at the same time it is bad for many people who invested so much in a expensive GPU.

Well, GPUs can also be used for many other things such as rendering, gaming, AI, scientific calculations etc. It is not that bad. What can you do with old ASICs which became unprofitable?

When you can still able to sold out your old graphics card even though on bargain price then its still good and if not then you can use it up into some various task  but when you do talk about asics that became unprofitable then you wont really have any choice either to keep it on your storage or sell it to those people who do like to mine as a hobby not minding on the electricity they are consuming.

Thank you Metroid to alert about this, GPU mining is dead

Be thankful to this guy "Pentacost" on bumping out this old thread.

[Coindgr]

Not sure why people keep saying GPU will die, CPU also, there will allways new coins/ algos to use them, even if it's for s***t coins

One could also say, POW will die somewhere in the future

[Iamtutut]

Next MONERO fork is going to clash ASICs and FPGAs big time (and most of cryptonote coins will follow), progPOW is working and may be adopted by other coins, rumored refresh of Radeon RX would give +15% in perf, next year AMD NAVI...I doubt GPU mining will die anytime soon.

[foda]

Equihash is very hard to build asics for due to the increase in memory requirements

but i dont think gpu mining will die, there are so many algorithms out there  , there should always be something to mine even when Eth ends