Is GPU mining really dying?

[batsonxl]

I dont think AMD and Nvidia will allow to pow die do you think they dont count money? Miners are most profitable customers in GPU industry and all GPU history. They did fortune on miners ))) i dont think they will let go valuble customers like miners. Gamers yes but they not profitable as miners so dont worry guys we are valubale customers

[1714871347]

1714871347

[1714871347]

1714871347

[poby]

I dont think AMD and Nvidia will allow to pow die do you think they dont count money? Miners are most profitable customers in GPU industry and all GPU history. They did fortune on miners ))) i dont think they will let go valuble customers like miners. Gamers yes but they not profitable as miners so dont worry guys we are valubale customers

1. Nvidia do not want miners buying their cards!  Why do you think they started making cards only LHR?
2. There is nothing Nvidia or AMD can do to stop POW even if they wanted to (but actually they don't.  See point 1)

[iRonNuke]

I'm a miner that stakes some coins like Cardano, Cosmos and Tezos. But the return of staking is VERY low, atleast for me. I calculated if I will invest $5000 into for example Cardano. I will get right now, 21834 ADA (price $2.24). I stake those at 4.91% in Exodus. I will get 1091 ADA ($2445) a year. It will take 20 YEARS to ROI

My mining rigs have ROIed like 5-7 times since 2017-2019. But that's mainly to the price increase, of course.

[FP91G]

I dont think AMD and Nvidia will allow to pow die do you think they dont count money? Miners are most profitable customers in GPU industry and all GPU history. They did fortune on miners ))) i dont think they will let go valuble customers like miners. Gamers yes but they not profitable as miners so dont worry guys we are valubale customers

1. Nvidia do not want miners buying their cards!  Why do you think they started making cards only LHR?
2. There is nothing Nvidia or AMD can do to stop POW even if they wanted to (but actually they don't.  See point 1)

Nvidia video cards have a hashrate reduction only for the algorithm for mining Ethereum and Ethereum classic and several other coins on a similar algorithm. The Ergo coin is mined with a slight decrease in hashrate.
In other cases, these video cards are not limited.
I think Nvidia has a backup plan to quickly deactivate the LHR.

[mu_enrico]

It's just a boom and bust cycle, right now is the peak boom IMO. Wait until ETH goes POS 100% and we will see a bust. And then some smart guy will devise another brand new ASIC-resistant algo with new sexy coins. And the cycle will start again. More tokens and POS coins nowadays (compared to POW) are just because no new popular hashing algo.

[Metroid]

I'm a miner that stakes some coins like Cardano, Cosmos and Tezos. But the return of staking is VERY low, atleast for me. I calculated if I will invest $5000 into for example Cardano. I will get right now, 21834 ADA (price $2.24). I stake those at 4.91% in Exodus. I will get 1091 ADA ($2445) a year. It will take 20 YEARS to ROI

My mining rigs have ROIed like 5-7 times since 2017-2019. But that's mainly to the price increase, of course.

ETH going pos will not be any different however most of eth will or was created on pow so it has a lot more chance to survive than the other pos coins. POS coins are like stocks, value from nothing, pyramid scheme. Stocks are also proof of stake hehe but for that to work sheeps have to keep buying in order to increase a value from nothing hehe, reason I never invested on stocks or POS.

[iRonNuke]

I'm a miner that stakes some coins like Cardano, Cosmos and Tezos. But the return of staking is VERY low, atleast for me. I calculated if I will invest $5000 into for example Cardano. I will get right now, 21834 ADA (price $2.24). I stake those at 4.91% in Exodus. I will get 1091 ADA ($2445) a year. It will take 20 YEARS to ROI

My mining rigs have ROIed like 5-7 times since 2017-2019. But that's mainly to the price increase, of course.

ETH going pos will not be any different however most of eth will or was created on pow so it has a lot more chance to survive than the other pos coins. POS coins are like stocks, value from nothing, pyramid scheme. Stocks are also proof of stake hehe but for that to work sheeps have to keep buying in order to increase a value from nothing hehe, reason I never invested on stocks or POS.

Either stocks or PoS coins are made of thin air. They also have a underlying value in a way or another. BUT the value can be highly overpriced, when for example a horde buys massively. But that's with everything, look at some Meme-coins

But, I agree, a PoW coin SHOULD have a more value because it's some work done that isn't for free. But that's no guarantee ofcourse, I have mined ZCL in 2018 and they are almost GONE. Some other coin like SnowGem also, GONE.

[adamantasaurus]

I mean I really think POW will eventually become a thing of the past just like dvd outdid vhs and streaming outdid dvd. POS is the next step in the evolution of crypto and people will eventually realize that it is old and slow tech. Look at how slow the tx are on POW chains (with a lot of users) vs POS chains. The future is obvious and these projects need to evolve or get left behing.

[Metroid]

But, I agree, a PoW coin SHOULD have a more value because it's some work done that isn't for free. But that's no guarantee ofcourse, I have mined ZCL in 2018 and they are almost GONE. Some other coin like SnowGem also, GONE.

That is what scammers have been doing since 2010, create new coins from thin air then market them and then dump them prior bullrun ends, repeat next cycle. The coins you mentioned I remember them in 2018, I have not heard about them this cycle around.

[iRonNuke]

That is what scammers have been doing since 2010, create new coins from thin air then market them and then dump them prior bullrun ends, repeat next cycle. The coins you mentioned I remember them in 2018, I have not heard about them this cycle around.

Yes apperantly there is some scam coins, and others just fails. But Zclassic I was chocked about, it had a ATH value about $200 back in 2018, then it just dumped all the way to the bottom. I mined a lot of them with my ASIC Bitmain Z9 Mini, it was the most profitable to mine on it, never ROIed because of that

Also SnowGem, I really liked it, had a nice wallet and webpage. One day when I checked CoinMarketCap it was just gone

[FP91G]

I'm a miner that stakes some coins like Cardano, Cosmos and Tezos. But the return of staking is VERY low, atleast for me. I calculated if I will invest $5000 into for example Cardano. I will get right now, 21834 ADA (price $2.24). I stake those at 4.91% in Exodus. I will get 1091 ADA ($2445) a year. It will take 20 YEARS to ROI

My mining rigs have ROIed like 5-7 times since 2017-2019. But that's mainly to the price increase, of course.

ETH going pos will not be any different however most of eth will or was created on pow so it has a lot more chance to survive than the other pos coins. POS coins are like stocks, value from nothing, pyramid scheme. Stocks are also proof of stake hehe but for that to work sheeps have to keep buying in order to increase a value from nothing hehe, reason I never invested on stocks or POS.

Ethereum will be relevant on any algorithm due to the large number of projects it serves.
The algorithm change was planned at the very beginning, but the miners were given the opportunity to mine some coins.
When investing, it is now better for the project to have a POS algorithm, against the background of green energy, global warming, etc.

[Boov]

What do you think about staking rewards Vs mining rewards? With the looks of things presently I fear that GPU mining is dying cos look around you how many new projects are adopting PoW algorithm? Mining 5 years ago was better than mining today, every new projects are talking about APY returns and staking only, what do you think? Wrong or not?

I don't think these PoW algorithm will prosper same as gpu mining, though it sounds good to know that they're doing good because it doesn't cost a lot of energy. That would do something bad at your device like mobile hardware of computer's internal components because it might shorten it's lifespan. We can't further say wrong or right here, but for my best opinion I would still remain in favor of gpu mining rather than other new ways and I'm confident that it won't die as long sustainable returns will continue to progress.

[swogerino]

As long as Eth mining will continue meaning as long as Eth will not go Pos,GPU mining is not going to die,in fact the prices of GPU-s if you check local or international marketplaces are really high.However in this time when the difficulty of mining Eth is 11.5 P and a 500 Mhsh rig can just do like 30-35 dollars a day is not what it used to be and the profit is slowly going down day by day although it still remains the most profitable coin to mine.

I personally do not believe much in PoS as it has already been said here what is the value behind that,I don't see any real value and you need a large amount of ETH to be staked in order to have a saying how the coin will develop further.I will just keep mining the hell out of Eth and if it ever goes PoS there is RVN,ERGO and ETC as the next best thing to mine so GPU mining can be considered far from dead.

[Branko]

Not dying, but it also became boring and big players playing field, mostly

[FP91G]

As long as Eth mining will continue meaning as long as Eth will not go Pos,GPU mining is not going to die,in fact the prices of GPU-s if you check local or international marketplaces are really high.However in this time when the difficulty of mining Eth is 11.5 P and a 500 Mhsh rig can just do like 30-35 dollars a day is not what it used to be and the profit is slowly going down day by day although it still remains the most profitable coin to mine.

I personally do not believe much in PoS as it has already been said here what is the value behind that,I don't see any real value and you need a large amount of ETH to be staked in order to have a saying how the coin will develop further.I will just keep mining the hell out of Eth and if it ever goes PoS there is RVN,ERGO and ETC as the next best thing to mine so GPU mining can be considered far from dead.

Last time I counted, Ethereum mining had 60 times more GPUs than RVN mining. The situation is similar for other coins. If 1/3 of the Ethereum equipment will mine other coins, then the profit there will be minimal, like in 2019.
What will the other 2/3 video cards do?

[Metroid]

As long as Eth mining will continue meaning as long as Eth will not go Pos,GPU mining is not going to die,in fact the prices of GPU-s if you check local or international marketplaces are really high.However in this time when the difficulty of mining Eth is 11.5 P and a 500 Mhsh rig can just do like 30-35 dollars a day is not what it used to be and the profit is slowly going down day by day although it still remains the most profitable coin to mine.

I personally do not believe much in PoS as it has already been said here what is the value behind that,I don't see any real value and you need a large amount of ETH to be staked in order to have a saying how the coin will develop further.I will just keep mining the hell out of Eth and if it ever goes PoS there is RVN,ERGO and ETC as the next best thing to mine so GPU mining can be considered far from dead.

Last time I counted, Ethereum mining had 60 times more GPUs than RVN mining. The situation is similar for other coins. If 1/3 of the Ethereum equipment will mine other coins, then the profit there will be minimal, like in 2019.
What will the other 2/3 video cards do?

You have to be very careful here, people don't like to hear the truth.

[fmz89]

yes i feel that gpu mining side dying out without new algo dedicated for gpu mining, if eth fully switched we are doomed, no many left gpu mineable coin can accomodate

those gpu farm out there at current state, but smaller miner still doable, with standar or lower electric prices, hope some developer bring another mineable gpu algo

[mr.robot8]

in my opinion the gpu mining will go on for a long time until new coins come out with a pow algorithm, and then as long as we can still mine eth (a year?) we can also get good earnings

[batsonxl]

I dont think AMD and Nvidia will allow to pow die do you think they dont count money? Miners are most profitable customers in GPU industry and all GPU history. They did fortune on miners ))) i dont think they will let go valuble customers like miners. Gamers yes but they not profitable as miners so dont worry guys we are valubale customers

1. Nvidia do not want miners buying their cards!  Why do you think they started making cards only LHR?
2. There is nothing Nvidia or AMD can do to stop POW even if they wanted to (but actually they don't.  See point 1)

i understood it when Nvidia accidently published driver 470 for rtx3060 that mining 48Mhs .because 26mhs was not interesting to any miner after that driver boommmm all 3060 sold out come on guys company like nvidia will accidently publish unlocked driver?

[FP91G]

I dont think AMD and Nvidia will allow to pow die do you think they dont count money? Miners are most profitable customers in GPU industry and all GPU history. They did fortune on miners ))) i dont think they will let go valuble customers like miners. Gamers yes but they not profitable as miners so dont worry guys we are valubale customers

1. Nvidia do not want miners buying their cards!  Why do you think they started making cards only LHR?
2. There is nothing Nvidia or AMD can do to stop POW even if they wanted to (but actually they don't.  See point 1)

i understood it when Nvidia accidently published driver 470 for rtx3060 that mining 48Mhs .because 26mhs was not interesting to any miner after that driver boommmm all 3060 sold out come on guys company like nvidia will accidently publish unlocked driver?

This was only possible with the first revision of the LHR video card 3060. After the miners found out that the video card was 3060, the miners stopped buying it.
No one doubts that Nvidia always has a backup plan.
Their reports say that most of the video cards are bought by gamers, this is very funny.