Post
Topic
Board Mining (Altcoins)
Re: GPU mining will die in 2018!
by
Metroid
on 27/03/2018, 11:08:52 UTC
The title may look excessively pessimistic, but you brought up some valid concerns. And I didn't expect it to happen that fast... Look at these Antminers X3, from Bitmain: https://cointelegraph.com/news/bitmain-announces-new-monero-mining-antminer-x3-cryptos-devs-say-will-not-work

And it looks like Monero developers are organizing to strike back: https://www.coindesk.com/crypto-kill-switch-monero-going-war-big-miners/

You see, I did this before this "huge alt coins crash" happened, I already knew this would happen, at that time nobody believed me because profit was very high. Now they are getting together and starting to accept reality, profitability has never been worse, not even when litecoin crashed in 2014 was this bad, matter of fact it was never like this in crypto history and that is mainly to asics cause investors know they can buy coins cheaper from whoever is running asics cause they know asics profitability is 100x, so they want to pay 100 times lower to asics miners. Now if tomorrow eth goes to pos then price would jump 10 times instantly, supply and demand.