Is traditional mining dying?

[NurSie]

check the chart, it's scary

https://coin360.com/

no sign of rebirth

[1715291543]

1715291543

[Ahimoth]

check the chart, it's scary

https://coin360.com/

no sign of rebirth

Most people on survey choose it was dying, and maybe the trend on how that works towards the latest market. Based on the link you shared here, I foresee more reasons why this was eventually taking out of the lime light. This was due to non profitable gains, and in fact it was costly when it comes to electricity consumption.

[NurSie]

check the chart, it's scary

https://coin360.com/

no sign of rebirth

Most people on survey choose it was dying, and maybe the trend on how that works towards the latest market. Based on the link you shared here, I foresee more reasons why this was eventually taking out of the lime light. This was due to non profitable gains, and in fact it was costly when it comes to electricity consumption.

It cannot be allowed to apply to the real economy, the world governments are unprecedented unity on it. It is killing the bitcoin world and I hate this

[Teraboy]

only the big miners that can survive in the mining contest. So many miners are moving from the big coins to the medium or even small coins. I believe that's why so many people are choosing the dying as their answer to the polling. The difficulty increase combined with the halving makes the profitability in the mining crypto is getting worst and worst day to the day.
That's not a big surprise to see that and i personally will choose the same option as those people.

[CjMapope]

check the chart, it's scary

https://coin360.com/

no sign of rebirth

Most people on survey choose it was dying, and maybe the trend on how that works towards the latest market. Based on the link you shared here, I foresee more reasons why this was eventually taking out of the lime light. This was due to non profitable gains, and in fact it was costly when it comes to electricity consumption.

It cannot be allowed to apply to the real economy, the world governments are unprecedented unity on it. It is killing the bitcoin world and I hate this

its crazy, look at who is registering the most blockchain patents these last few years too
most of the same groups that said crypto was a scam/bubble.   banks mainly, they register 100's of patents a year for blockchain tech
they are implementing the tech all the while still ostracizing it   BTC mining definitally belongs to big money now : /

[coin-investor]

check the chart, it's scary

https://coin360.com/

no sign of rebirth

Not scary to me as long as Bitcoin is still dominating the market, this is only scary if you have invested on some coins that cannot profit for a long time, the chard only confirmed that only Bitcoin is worth to be in our portfolio and because we should not, put all our eggs in our basket we can add some coin slike Ethereum and other top coins in the market.

[boltz]

Traditional mining died some time ago and soon even small miners will die as the difficulty will rise to a point where profits will be no longer in the green area. I'm surprised that someone in 2019 still asking about traditional mining like CPU/GPU ...even if you have the new i9 and amd razen you won't be able to mine a thing on bitcoin network. Mining industry takes necessary investments every few months in order to sustain your hashrate side by side with the network difficulty.

[MWesterweele]

Traditional mining died some time ago and soon even small miners will die as the difficulty will rise to a point where profits will be no longer in the green area. I'm surprised that someone in 2019 still asking about traditional mining like CPU/GPU ...even if you have the new i9 and amd razen you won't be able to mine a thing on bitcoin network. Mining industry takes necessary investments every few months in order to sustain your hashrate side by side with the network difficulty.

Yes, I believe in this. It is too sad that mining is dying nowadays, here in my country people started to sell their rigs because it is not profitable anymore ,because of many circumstances. Electricity payment here is getting more higher, the graphics card or the video card is expensive since the 2017 hype, so upgrading is too costly. I wonder how does other miners survive with this one.

[desticy]

In general, it is obvious that the trends of the influx of new users into mining are negative. This is due to the fact that the price of bitcoin is extremely unstable and has few visible factors for growth.
In addition, halving is expected soon, which can hit the miners very hard. However, if the price rises, but does not fall, those who decided to take a chance and continued to engage in mining will be a big winner.

[JeffBrad12]

It seems so. Even worse those coin that could be mined with ASIC basically spell bankruptcy for GPU mining because ASIC simply mine efficiently than GPU and the gap is too far. Mining is just not profitable anymore for the GPU miners, as a result is a more centralizded hash power and only big miner will remain and the traditional ones will dies out.

[sockpuppet1911]

check the chart, it's scary

https://coin360.com/

no sign of rebirth

The difficulty will adjust when more miners leave and mining will be profitable again later. No need to panic about it. It has happened before and will happen again.

[Palider]

check the chart, it's scary

https://coin360.com/

no sign of rebirth

Yes traditional mining is dying now because most of user dont afford to buy expensive equipment on mining,  unlike before that mining 1 bitcoin and other crypto is easy even price is low.  Now mining 1 bitcoins takes 4 years and this is very long to wait and also its cause you losses especially if you are not living on counrty that electricity is cheap Like Russia and China. I think user that afford to mine is big investors and also mining company.

[seoincorporation]

Well, the question is tricky, because as traditional mining we can talk about CPU mining. And since a long time ago no one is mining Bitcoins with CPU, so, from that side we could say it's dying. But on another hand day by day, we see new technology involving miners, and new technology on the mining code. So, i don't think it's dying, i would say it's evolving.

[CarnagexD]

only the big miners that can survive in the mining contest. So many miners are moving from the big coins to the medium or even small coins. I believe that's why so many people are choosing the dying as their answer to the polling. The difficulty increase combined with the halving makes the profitability in the mining crypto is getting worst and worst day to the day.
That's not a big surprise to see that and i personally will choose the same option as those people.

I couldn't agree more on this statement. Small miners tends to stop for a while in mining til it back to profitable as usual or worst case scenario they'll quit mining, why? coz why not. Electricity consumption is at expense on mining generating more electricity rate than the reward for mining. Centralized mining are the only one who can sustain their operation but I guess they were not generating too much from it and they are doing it just to maintain the mining. And worrying if what does the halving would bring to our miners.

[VDraci]

The only solution to mining nowadays is if GPU manufacturers start using lower energy tech on graphics card like 7nm or even lower, with this it will make sense because present mining problem is electricity costs

[Ccscopst]

honestly I personally do not really know about mining, but from many users who discuss mining they say that now mining is no longer profitable because it cannot cover operational costs and for several other reasons. maybe now is a good time to add to coin collections when prices are cheap.

[Mia44]

check the chart, it's scary

https://coin360.com/

no sign of rebirth

I don't think so, mining only dies when the mined currency dies. The top coins scenario like BTC, LTC, BCH die, will never happen.

[Ken_terrance]

The whole crypto mining thing is not fun to me anymore since profitability is getting lower every day, i used to mine xmr with my gpus but now CPU mining with xmr is more profitable than using gpu since the new software upgrade, i just quit because of this

[confreslamp]

Right now, mining brings only a tiny profit, but its all depends on price. If during the next couple of months, crypto prices are going to increase, it can change everything and make mining more profitable than ever.

[kaya11]

For large scale I think they are managing their profits very well, but for small time miners like me in the past I don't think so unless you got a free electricity to run your machines. I've already stopped mining when my mother board was fried due to short circuits and the cards were on it. I finally had the chance to grab a low cost energy for mining but I don't have the budget to build a new rig. If there are ways to mine again maybe I will try to mine again.