AMD mining DEAD NOW with Bitmain E3

[Sausiam]

Once ETH goes Proof of Stake fully, ETC will be INFINITELY more profitable to mine than ETH will be.

For that to happen, price of ETC must go 20-30 times up

The price won't matter, once ETH goes fully Proof of Stake income from mining it disappears as there will be NO MINING any more on it.

That's also going to dump profitability on ALL GPU mineable coins across the board though as the (currently) 9 million or more GPUs mining on ETH look for new homes, and will hammer profitability even harder on any remaining ethash coins as the E3 units in use by then look for new homes.

But thats exactly why ETC price will have to rise to make it profitable

I hope ETC will change the PoW so that it has wide miner community support.

[Branko]

Once ETH goes Proof of Stake fully, ETC will be INFINITELY more profitable to mine than ETH will be.

For that to happen, price of ETC must go 20-30 times up

The price won't matter, once ETH goes fully Proof of Stake income from mining it disappears as there will be NO MINING any more on it.

That's also going to dump profitability on ALL GPU mineable coins across the board though as the (currently) 9 million or more GPUs mining on ETH look for new homes, and will hammer profitability even harder on any remaining ethash coins as the E3 units in use by then look for new homes.

But thats exactly why ETC price will have to rise to make it profitable

I hope ETC will change the PoW so that it has wide miner community support.

What that means? Or you're just farming posts?

[edwardceng]

move on to another coin do not get carried away by debate between GPU and Bitmain. AMD manufacturers are not stupid in looking at the market situation and do not want to lose their products as well as consumers.

[QuintLeo]

Once ETH goes Proof of Stake fully, ETC will be INFINITELY more profitable to mine than ETH will be.

For that to happen, price of ETC must go 20-30 times up

The price won't matter, once ETH goes fully Proof of Stake income from mining it disappears as there will be NO MINING any more on it.

That's also going to dump profitability on ALL GPU mineable coins across the board though as the (currently) 9 million or more GPUs mining on ETH look for new homes, and will hammer profitability even harder on any remaining ethash coins as the E3 units in use by then look for new homes.

But thats exactly why ETC price will have to rise to make it profitable

Or it will go unprofitable for a while and shed a bunch of hashrate - a far more likely option IMO for pretty much all GPU-mineable coins when The Next Big Shakeout happens.
Much like what happened to X11 coins when folks GPU mining Litecoin dumped out of it due to the Gridseed GC3355 + coin price dump drove GPU miners out of Litecoin in early 2014.

[namelessaaa]

  That's why I hate china ASIC manufacture.

They make asic, mine for themselves secretly, and sell to other when the ASIC is not profitable.

And make everybody make no money.

[Branko]

Once ETH goes Proof of Stake fully, ETC will be INFINITELY more profitable to mine than ETH will be.

For that to happen, price of ETC must go 20-30 times up

The price won't matter, once ETH goes fully Proof of Stake income from mining it disappears as there will be NO MINING any more on it.

That's also going to dump profitability on ALL GPU mineable coins across the board though as the (currently) 9 million or more GPUs mining on ETH look for new homes, and will hammer profitability even harder on any remaining ethash coins as the E3 units in use by then look for new homes.

But thats exactly why ETC price will have to rise to make it profitable

Or it will go unprofitable for a while and shed a bunch of hashrate - a far more likely option IMO for pretty much all GPU-mineable coins when The Next Big Shakeout happens.
Much like what happened to X11 coins when folks GPU mining Litecoin dumped out of it due to the Gridseed GC3355 + coin price dump drove GPU miners out of Litecoin in early 2014.

It would certainly do some bouncing up and down until it would settle at some (profitable) level...but this "asic" is different from others
because its not order of magnitude faster or more profitable, driving GPUs out...it certainly makes no sense to buy new GPUs, but
for already working rigs, it doesn't change much

[QuintLeo]

I haven't been watching the other ethash coins all that closely, but Ethereum ITSELF has shed a noticeable (but not large) amount of hashrate for weeks now - with a rather large dip on April 9.

[yugyug]

AMD mining is still not dead even if the Bitmain E3 dominate the EThash mining. There are still other profitable coins to mine using AMD GPUs ,if you are a true miner you will not get panic about the release of Bitmain E3, algo switch to the rescue but it will take time to adjust and fine tuning to other algo. AMD GPUs is still more energy efficient compared to NVIDIA, so that's why we can not conclude that AMD mining will be out of the mining scene.

[Haryford]

AMD mining is still not dead even if the Bitmain E3 dominate the EThash mining. There are still other profitable coins to mine using AMD GPUs ,if you are a true miner you will not get panic about the release of Bitmain E3, algo switch to the rescue but it will take time to adjust and fine tuning to other algo. AMD GPUs is still more energy efficient compared to NVIDIA, so that's why we can not conclude that AMD mining will be out of the mining scene.

I agree if you think the E3 is less efficient. But F3 will kill AMD mining in ETH.

[smoolae]

AMD mining is still not dead even if the Bitmain E3 dominate the EThash mining. There are still other profitable coins to mine using AMD GPUs ,if you are a true miner you will not get panic about the release of Bitmain E3, algo switch to the rescue but it will take time to adjust and fine tuning to other algo. AMD GPUs is still more energy efficient compared to NVIDIA, so that's why we can not conclude that AMD mining will be out of the mining scene.

I agree if you think the E3 is less efficient. But F3 will kill AMD mining in ETH.

As far as I know, the F3 miner is still a thing of speculation. No solid proof has been given out except the one video (could be fake).

[QuintLeo]

AMD mining is still not dead even if the Bitmain E3 dominate the EThash mining. There are still other profitable coins to mine using AMD GPUs ,if you are a true miner you will not get panic about the release of Bitmain E3, algo switch to the rescue but it will take time to adjust and fine tuning to other algo. AMD GPUs is still more energy efficient compared to NVIDIA, so that's why we can not conclude that AMD mining will be out of the mining scene.

I agree if you think the E3 is less efficient. But F3 will kill AMD mining in ETH.

As far as I know, the F3 miner is still a thing of speculation. No solid proof has been given out except the one video (could be fake).

At this point, I'm of the opinion that if that video "claiming" to be about a F3 Ethereum ASIC was about a real miner, it is more likely to be the next generation Bitmain 14/16nm SCRYPT miner that I anticipate showing up in a few months, probably to be known as the L5 and by one report using 1300 watts.
1500+ Mhash of SCRYPT is a significant improvement over anything current on efficiency (about 3 times the hashrate for 1.5 times the power if that 1300 watt figure is correct), so well in line with what we've seen the 14/16 nm node achieve over 28nm on other algorithms.