Quote from: gentlemand on February 18, 2018, 10:38:56 PM

Quote from: bandana121 on February 18, 2018, 09:36:22 PM

So would I be right in saying due that due to ASIC miners it's not profitable anymore to mine by GPU for bitcoin or even litecoin now?

Correct. ASICs blow them out of the water. But the bigger problem is the stranglehold ASIC makers have over any coin that uses them. It's a super specialised area and a very hard one to succeed so this breeds centralisation.

That's why many people favour GPU mining. The actual hardware makers probably don't actually want anything to do with cryptocurrencies which makes for a much healthier situation.

Because ASICs are otherwise totally useless it's only natural that the people designing and making them will mine with them too, and hoard them.

This was amazingly helpful. If I had merit, I would of awarded you some. Will we ever see GPU company's put some form of hardware fail safe that will prevent this, or will the demand of the bottom line and its shareholders continue keeping the price of cards at an all time high?