GPU Mining.

[ScryptAsic]

The only way that can save GPU mining is someone create a truly GPU only coin. Its hard but not impossible..

That is not the hard part.
The really hard part is to make that coin successive, which requires good developers, good promoting programs, a large user base, good merchant acceptance, etc.

I believe if the algo is ASIC and FPGA proof. Isn't that the best marketing strategy ?

[ranochigo]

The only way that can save GPU mining is someone create a truly GPU only coin. Its hard but not impossible..

The difficulty would be really high. People who still have GPUs to mine bitcoins a few years ago would switch to this coin, provided that it is highly successful, making the difficulty very high. The coin have to be successful to be able to attract miners.

[dougg]

GPU mining would be recommened for alt coins, not mining directly for bitcoin lol.

All the ASIC war is making everything to go up in difficulty way faster, so no chance.

[ThomasCrowne]

Not for mining BTC directly no.  Provided you have free or near-free electricity you might be able to squeeze a few dollars per month out of a mini gpu farm but this too is getting harder by the day.

[jjc326]

Not for mining BTC directly no.  Provided you have free or near-free electricity you might be able to squeeze a few dollars per month out of a mini gpu farm but this too is getting harder by the day.

It's funny u was running measly 3 gpu "farm" only a year ago and it's become totally worthless. I had almost free electric but it's not even worth the hassle at this point. You can get more from sig campaigns if you don't have any hardware.

[Skrillex]

i think mining for average joes like us is only useful for a very very limited time when a coin launches, after that its pretty much game over.

[ranochigo]

i think mining for average joes like us is only useful for a very very limited time when a coin launches, after that its pretty much game over.

The coin can be a pump and dump. You must have a huge community for the coin to be stable, you can't tell if it will even hit the exchange within that limited time.

[Muhammed Zakir]

i think mining for average joes like us is only useful for a very very limited time when a coin launches, after that its pretty much game over.

The coin can be a pump and dump. You must have a huge community for the coin to be stable, you can't tell if it will even hit the exchange within that limited time.

Yes but the exchanges can be made by the persons who made the coin although it will take some time.

Kindly,
        MZ

[ranochigo]

i think mining for average joes like us is only useful for a very very limited time when a coin launches, after that its pretty much game over.

The coin can be a pump and dump. You must have a huge community for the coin to be stable, you can't tell if it will even hit the exchange within that limited time.

Yes but the exchanges can be made by the persons who made the coin although it will take some time.

Kindly,
        MZ

I don't think people would trust the operator much. He can just run away with the coins and the trade volumes won't be very high.

[Muhammed Zakir]

i think mining for average joes like us is only useful for a very very limited time when a coin launches, after that its pretty much game over.

The coin can be a pump and dump. You must have a huge community for the coin to be stable, you can't tell if it will even hit the exchange within that limited time.

Yes but the exchanges can be made by the persons who made the coin although it will take some time.

Kindly,
        MZ

I don't think people would trust the operator much. He can just run away with the coins and the trade volumes won't be very high.

I didn't told that they would trust but I told it is possible.

Kindly,
        MZ

[Domino]

I believe if the algo is ASIC and FPGA proof. Isn't that the best marketing strategy ?

Don't we already have a dozen of ASIC proof algorithms (at least at this moment), like X11, X13, X15, NIST5, etc?
I don't think it makes those coin very successful.

[Muhammed Zakir]

I believe if the algo is ASIC and FPGA proof. Isn't that the best marketing strategy ?

Don't we already have a dozen of ASIC proof algorithms (at least at this moment), like X11, X13, X15, NIST5, etc?
I don't think it makes those coin very successful.

+1.
It is the features of the coin which makes the coin very successful and the names, logo etc.. must be a catchy one.

Kindly,
        MZ

[milan74]

I think it will always be profitable, there are plenty of anti-ASIC coins.

[ranochigo]

I think it will always be profitable, there are plenty of anti-ASIC coins.

Wrong concept. Even though those coins are ASIC proof, why can't people use their GPUs from mining BTC a few years ago to mine that alt coin? The difficulty would probably rise. You cannot predict if the price is going to crash. Those people with GPUs from mining Bitcoins year ago profit more than small miners.

[Bitsaurus]

I think it will always be profitable, there are plenty of anti-ASIC coins.

As noted above if any coin becomes profitable with GPUs it is usually destroyed in a few months by massive farms moving in who sell every day, mutlicoin pools who autodump the coin, and eventually an ASIC invasion if the price remains high enough.

Pretty much all GPU miners have switch to multipools since no coin stays profitable for more than a few days (unless you have free electricity).