Mining Profitability ASIC vs GPU

[Lampaster]

Asic is a piece of iron. It is expensive, on the secondary market is not in demand. As a rule, it's very dinny and consumes electricity. The profit falls very quickly, only those customers who will receive the first are the winners + problems with the guarantee.

The GPU has fewer problems and can be sold in the secondary market

I agree with you but asics dramatically increase the complexity of the network and make mining GPU unprofitable. You have no choice. I do not agree that all who buy asics in the first batch have time to return their money. I do not believe that anyone will return their $ 10,000 invested in asic even with a capacity of 50 Ksol

[BTC-BTC-BTC]

Asic is a piece of iron. It is expensive, on the secondary market is not in demand. As a rule, it's very dinny and consumes electricity. The profit falls very quickly, only those customers who will receive the first are the winners + problems with the guarantee.

The GPU has fewer problems and can be sold in the secondary market

I agree with you but asics dramatically increase the complexity of the network and make mining GPU unprofitable. You have no choice. I do not agree that all who buy asics in the first batch have time to return their money. I do not believe that anyone will return their $ 10,000 invested in asic even with a capacity of 50 Ksol

I agree, no one will be able to get their ROI. Current profits are not reflect real difficulty in just few weeks later. The people making money is the manufacturers.

[bellicose]

Yes, amd vega looks very more nicely than others on payback, however these numbers also inexact and many factors influence it, such as increase of complexity of a mining of coins and interruptions in power supply or at all failure of the video card.

[shield132]

Great thread, cleaely shows current statistics.
In any way, asic is more profitable but it always depends on many things. Asics can be damaged easily and also it takes a lot of time to sent back to bitmain or their manufacturers, otherwise you have to pay locally in order to get your miner fixed. Gpus work for years pretty well and you are even able to sell them.
In this thread I would say: the more you risk, the more or less profit you get. But the less you risk, the less profit you'll get in any way.
And when did they created miner for z9? oh Bitmain, shit!

[yasarefe02]

Well, but not everybody have the same electricity cost as you. And also  The coins you're mining with ASICs may fork to implement ASIC resistance and you may end up in having a big loss as ASICs don't come cheap.

[jings007]

Great thread, cleaely shows current statistics.
In any way, asic is more profitable but it always depends on many things. Asics can be damaged easily and also it takes a lot of time to sent back to bitmain or their manufacturers, otherwise you have to pay locally in order to get your miner fixed. Gpus work for years pretty well and you are even able to sell them.
In this thread I would say: the more you risk, the more or less profit you get. But the less you risk, the less profit you'll get in any way.
And when did they created miner for z9? oh Bitmain, shit!

Thank you for dropping me a merit sir, There's no any exact date when they created the antminer, but Bitmain has released its all-new product ASIC Antminer Z9 mini, on  May 3,2018, which is to mine Equihash-based cryptocurrencies.

[Tristan1337]

I notice that people are always talking about ROI. Obviously ROI is a very important thing, but i also think when it comes to mining people tend to focus too much on this.

When we are talking about ROI - ASICs vs GPUs, it's usually the case that ASICs will ROI faster than GPUs, which is great.
But the thing that is almost even more important is, how much time do you profit from mining after you ROI!?

This is the problem you never hear anyone talking about. After you spend all those big bucks on those ASICs and you reach ROI, how much profit do you get after, and for how long!? Not very long, right?

I know some people are still mining with 7970 GPUs that have long since reached ROI, which were released in 2012, and are still profiting today.

So the real question is - which devices profit the most over the whole life cycle of the device, ASIC or GPU. That is the question we should be asking. Not just, how long to ROI. 

Just my two cents. 

[jmigdlc99]

When we are talking about ROI - ASICs vs GPUs, it's usually the case that ASICs will ROI faster than GPUs, which is great.
But the thing that is almost even more important is, how much time do you profit from mining after you ROI!?

This is the problem you never hear anyone talking about. After you spend all those big bucks on those ASICs and you reach ROI, how much profit do you get after, and for how long!? Not very long, right?

As far as i understand, the "post-profit" you are referring to is almost always directly correlated to ROI. Just did some tissue math but if the logic is that if you get ROI faster, then you also have more capital and opportunity to invest more profitable or more efficient hardware.

Feel free to correct me with real numbers and data.

[Tristan1337]

When we are talking about ROI - ASICs vs GPUs, it's usually the case that ASICs will ROI faster than GPUs, which is great.
But the thing that is almost even more important is, how much time do you profit from mining after you ROI!?

This is the problem you never hear anyone talking about. After you spend all those big bucks on those ASICs and you reach ROI, how much profit do you get after, and for how long!? Not very long, right?

As far as i understand, the "post-profit" you are referring to is almost always directly correlated to ROI. Just did some tissue math but if the logic is that if you get ROI faster, then you also have more capital and opportunity to invest more profitable or more efficient hardware.

Feel free to correct me with real numbers and data.

I understand what you're saying. Basically the same thing goes for GPUs. The only difference is that usually ASIC profitability falls fast after the ROI window has past. So if you get your ASICs early on during the first shipment, then ROI, profit a bit, then sell them, that could work.

This is not needed for GPUs though. So you could safely reinvest your profit into more GPUs and profit more in the future without the fear that your profit will fall to just a few cents a day.

[Angkoolart10]

This information give us a good additional income regarding ASIC and GPU. I talked to a person who Mine using GPU that on there experience about this business is its a long term run for them almost a few months before they get profit, and the good news is they got double profit in there mining.

[realaccountakira]

When we are talking about ROI - ASICs vs GPUs, it's usually the case that ASICs will ROI faster than GPUs, which is great.
But the thing that is almost even more important is, how much time do you profit from mining after you ROI!?

This is the problem you never hear anyone talking about. After you spend all those big bucks on those ASICs and you reach ROI, how much profit do you get after, and for how long!? Not very long, right?

As far as i understand, the "post-profit" you are referring to is almost always directly correlated to ROI. Just did some tissue math but if the logic is that if you get ROI faster, then you also have more capital and opportunity to invest more profitable or more efficient hardware.

Feel free to correct me with real numbers and data.

I understand what you're saying. Basically the same thing goes for GPUs. The only difference is that usually ASIC profitability falls fast after the ROI window has past. So if you get your ASICs early on during the first shipment, then ROI, profit a bit, then sell them, that could work.

This is not needed for GPUs though. So you could safely reinvest your profit into more GPUs and profit more in the future without the fear that your profit will fall to just a few cents a day.

Good point with ASICs. It is very true that history has shown ASIC profitability goes into a parabolic decline after it reaches ROI. The thing is, history is not always a good measure of future performance. It could have been that the times back then were the wild west and ASIC development has now gone into a more mature phase where devs coordinate with hardware manufacturers in a way that they collude for maximum profit.

[shibob]

Look at the ROI for Bitmain Antminer z9 mini, just 28 days, and of course the difficulty level will be like double very soon. So basically I think all of gtx GPUs which are mining equihash coins will move to mine other algorithm soon. This's something really bad for GPU mining community.

[gotminer]

Look at the ROI for Bitmain Antminer z9 mini, just 28 days, and of course the difficulty level will be like double very soon. So basically I think all of gtx GPUs which are mining equihash coins will move to mine other algorithm soon. This's something really bad for GPU mining community.

Most realists believe that eth going POS will cause a MUCH MUCH MUCH bigger issue in GPU mining than equihash asics.  If the percentages are correct, that is who I would agree with.  

Edited to add ... I've never purchased an asic.  There may be a time that I convert my farm ... Maybe a gpu, asic, fpga combo ... Who knows ... However ... I will never purchase an asic from bitmain.

[smartcrypto]

ROI doesn't mean anything if your ASIC device soon becomes redundant. Most likely then you're not able to sell the device nor use it for any purposes. I am going to stick with GPUs. For me they've always made a profit. Although I have never bought ASIC. I don't think I ever will.

[marthor]

GPU mining is much more profitable.

A 1080 Ti makes more than an Antminer S9, D3, or L3 despite consuming a fraction of the power and producing none of the heat and noise. It also has kept almost 100% of its resale value, while the ASICs have lost almost all of theirs.

Ultimately, the only people who benefit from ASIC mining are the manufacturers of ASICs. They are effectively taking a big chunk out of the zero-sum game of cryptocurrency mining and giving nothing in return.

[leowonderful]

Look at the ROI for Bitmain Antminer z9 mini, just 28 days, and of course the difficulty level will be like double very soon. So basically I think all of gtx GPUs which are mining equihash coins will move to mine other algorithm soon. This's something really bad for GPU mining community.

That ROI (break even period) you listed is soon going to be completely irrelevant as more Zcash ASICs come out and another D3 situation happens on the chain. Buying an ASIC on a previously GPU-mined chain is always going to be a gamble, even if you buy in first batch. Besides that, Equihash hasn't been the most profitable algo to mine with GTX GPUs for a while now- Lyra2 and even ETH have been more profitable due to difficulty and ASICs on ZEC.

[FFI2013]

I guess nobody take difficulty into account take a look at what the A3 makes or D3 now this is what is going to happen when all these asics go online the profit your calculating is now with zero online once everyone gets their miners what do you thinks is going to happen being a miner you should know whats going to happen difficulty sky rockets profits crash and you can't even switch to a new algo so everyone who buys these think the money sounds good now but you'll be crying later

[smartcrypto]

I guess nobody take difficulty into account take a look at what the A3 makes or D3 now this is what is going to happen when all these asics go online the profit your calculating is now with zero online once everyone gets their miners what do you thinks is going to happen being a miner you should know whats going to happen difficulty sky rockets profits crash and you can't even switch to a new algo so everyone who buys these think the money sounds good now but you'll be crying later

Just newbies getting scammed by greedy companies who sell thousands? of these ASICs and then the coins price crash as a result, and resulting in bitter miners and bagholders. The cycle repeats itself again with every new algo. Stick to GPU mining and it will always be worth something, you can easily later on sell your GPUs and then upgrade to newer class of GPUs.(although GPUs are now being sold at a premium).

[DevelopmentBank]

Ultimately, the only people who benefit from ASIC mining are the manufacturers of ASICs. They are effectively taking a big chunk out of the zero-sum game of cryptocurrency mining and giving nothing in return.

ASIC manufacturers and their close accomplices who are able to buy bulk amounts of these at discounted prices. Everything is so much more profitable when things are done at scale. The beauty of mining is that time to 100% ROI is the same whether you invest on 1 GPU / ASIC or 1,000,000 GPUs / ASICs.

Imagine how happy those early miners who invested in 100+ GPU rigs are.

[mrstark89]

Well, difficulty of ASIC-friendly coins grow very fast. You calculate ROI when you make order. But when your ASIC arrives, difficulty will be much more higher (some coin got x5 and x10)