encryptblockr (OP)
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Activity: 84
Merit: 0
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February 05, 2018, 03:56:07 PM |
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I don't mean die completely but with ETH announcing moving to POS
and am sure we have seen some new coins go along with fully POS or POS/MN without any POW
we might start to see some shift in the crypto space where people start to move away from POW gradually
What do you guys think?
Those who are long time invested heavily in mining farm, are you planning on sclaing up or down on operations as far as adding more rigs or selling off gradually?
Those about to enter the mining business, are you still going to do it or will you step back and watch what is going on for now?
Please pour in your thoughts
Thanks
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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hashestohashes
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Activity: 63
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February 05, 2018, 04:07:53 PM |
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I don't think it will die completely.
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ZenFr
Legendary
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Activity: 1260
Merit: 1046
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February 05, 2018, 04:07:59 PM |
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I don't mean die completely but with ETH announcing moving to POS
and am sure we have seen some new coins go along with fully POS or POS/MN without any POW
we might start to see some shift in the crypto space where people start to move away from POW gradually
What do you guys think?
Those who are long time invested heavily in mining farm, are you planning on sclaing up or down on operations as far as adding more rigs or selling off gradually?
Those about to enter the mining business, are you still going to do it or will you step back and watch what is going on for now?
Please pour in your thoughts
Thanks
Don't be affraid with Ethereum PoS : it is promised since the Ethereum begining and it will never come. These days are difficult for mining, like in the 2017 begining. But mining can reborn later. The problem currently is not only the alt price, but also the GPUs speculation on the GPU prices. |
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Oakey22
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February 05, 2018, 04:17:26 PM |
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Mining is already dying on GPU's, ASICS are the future it seems. I honestly think ASICSS are making crypto centralised more and more though as normal people cant get hold of them because they cost so much
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mezzaluna
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Activity: 518
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★Bitvest.io★ Play Plinko or Invest!
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February 05, 2018, 04:28:19 PM |
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Mining may still be profitable if you are mining efficiently. Mining take too much memory of CPU's which allows computers to work slower and prioritize mining. Mining rigs are provided for the sole purpose of mining and thru this rigs, we can gain profits and we can pay for the electricity we are using to mine alternate coins and other cryptocurrency that can be mined. Mining is still a good way to earn money but it will be slowest way to earn.
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Castle07
Member
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Activity: 66
Merit: 10
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February 05, 2018, 05:10:24 PM |
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No doubts dark times are coming, and not all of us will survive and see the rise of bitcoin. So be it. Only smartest and tricky will be successful. Good luck to all of us  |
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baga105
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February 05, 2018, 05:30:06 PM |
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Well, Asic do not cost as much as the 6-7 GPU rig.. Do the math.. The only problem is, that most Asics are only compatible with 1 algorithm.. Thats the biggest problem of ASIC
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Ass, Gas or Grass! No one rides for free!
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encryptblockr (OP)
Newbie
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Activity: 84
Merit: 0
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February 05, 2018, 05:39:59 PM |
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Well, Asic do not cost as much as the 6-7 GPU rig.. Do the math.. The only problem is, that most Asics are only compatible with 1 algorithm.. Thats the biggest problem of ASIC
I agree and this is not bad i feel like people releasing cryptos with new algo just so that people cant use their existing rigs to mine that coin they want to make sure no one has any advantage from beginning i feel that is bad mostly and good a little but that it man even in GPU same thing...many algos but at least one can have different varieties of rigs some with RX, VEGA and nvidias and be ready based on the algo |
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treanski
Full Member
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Activity: 364
Merit: 106
ONe Social Network.
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February 05, 2018, 05:52:34 PM |
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I don't mean die completely but with ETH announcing moving to POS
and am sure we have seen some new coins go along with fully POS or POS/MN without any POW
we might start to see some shift in the crypto space where people start to move away from POW gradually
What do you guys think?
Those who are long time invested heavily in mining farm, are you planning on sclaing up or down on operations as far as adding more rigs or selling off gradually?
Those about to enter the mining business, are you still going to do it or will you step back and watch what is going on for now?
Please pour in your thoughts
Thanks
GPU mining will die in 2018 GPU mining will die in 2019 GPU mining will die in 2020 GPU mining will die in 2021 |
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yasirsidds89
Newbie
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Activity: 114
Merit: 0
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February 05, 2018, 05:55:15 PM |
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no i don't think so but we have to be updated about mining and new technologies as the boom of crypto or bitcoin is over.
so for those who were dreaming that bitcoin will hit 100kusd its not gonna happen anymore with so many regulations in it...
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dhouse
Jr. Member
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Activity: 266
Merit: 2
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February 05, 2018, 05:56:42 PM |
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yep it is going to die soon, please send your old, worthless mining equipment my way, i'll take care of it for you. i'm just a nice guy like that
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hack4love
Newbie
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Activity: 152
Merit: 0
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February 05, 2018, 06:36:59 PM |
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Can someone explain to me how to do anything with dropping in price like that eth drop 100$ every 3 days
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Andrey2301
Jr. Member
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Activity: 714
Merit: 1
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February 05, 2018, 06:51:34 PM |
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Hello! Which is better to buy a miner ?? or wait until bitcoin is 50k?
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doktor83
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February 05, 2018, 06:53:50 PM |
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dark days are coming only for people who want to start the mining software and wait to get rich.
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Metroid
Sr. Member
Offline
Activity: 2142
Merit: 353
Xtreme Monster
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February 05, 2018, 07:01:15 PM |
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Mining is already dying on GPU's, ASICS are the future it seems. I honestly think ASICSS are making crypto centralised more and more though as normal people cant get hold of them because they cost so much
So true, nowadays few mine bitcoin and many other coins, with cpu's, gpu's, anybody can mine it, asic only few. I'm not sure if gpu mining will survive 2018. |
BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
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Miningtry
Newbie
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Activity: 96
Merit: 0
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February 05, 2018, 07:17:07 PM |
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You can always mine for fun look on mining like a hobby.
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BennyT
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February 05, 2018, 07:44:33 PM |
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I don't get why GPU mining would die right now. It provides a service, GPU's are needed to do the work, and it's profitable. Everyone who says it will die is just going off the FUD of the market, not describing in any credible business sense why it would "die".
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Kozlov
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February 05, 2018, 07:57:21 PM |
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Mining is a hobby, and if it's profitable then that's a bonus for me.
At the moment I have a few small rigs, some 570s, 1070s and a 1070ti. Also an old R9-390 doing a bit of work.
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encryptblockr (OP)
Newbie
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Activity: 84
Merit: 0
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February 05, 2018, 07:59:52 PM |
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Mining is a hobby, and if it's profitable then that's a bonus for me.
At the moment I have a few small rigs, some 570s, 1070s and a 1070ti. Also an old R9-390 doing a bit of work.
You mind if i ask you what mining software you using for your R9 390? and what coin are you using it to mine? |
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flip4flop
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February 05, 2018, 08:13:01 PM |
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These questions are just post fodder. The same question every week or every time the market dips if something else happens. There are hundreds of coins to mine so ETH going to PoS whenever that happens is not going to kill mining.
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