I see day by day, ASICS of many coins are launching, individually or multiple. Chinese companies are trying to kill the GPU mining market once again cause they are greedy, just like they did to Bitcoin and Litecoin. GPU Mining died in 2013 and was resurrected in 2015 with the Cryptocoins Generation 2.0, although many of you miners just started mining on 2016 due to huge pumps on those 2.0 cryptocoins.
As Cryptocoins got more popular than in 2011 - 2013. The new generation of Cryptocoins 2015 and afterwards are endangered by ASICS once again, and 2018 looks to be the year of per the title "GPU mining will die in 2018!".
Keep in mind that there are possible ASICS for ethash already for Q1, and even if ETH goes POS, ETC and other ethash coins will be only ASICS and if that happens only Equihash coins will be minable for a time and I have a word that there is already an ASIC in development for Equihash already and will start delivering in Q4 2018. As GPU mining keep gets scarce, other popular coins will have pumps and so ASICS will be born for them.
I want to know your thoughts about it and I wonder the limits of --> "where, there is money to be made, there is greedy"
Keep in mind that this price crashing we are seeing is due also to the fear of ASICS for most GPU mining coins.
As Cryptocoins got more popular than in 2011 - 2013. The new generation of Cryptocoins 2015 and afterwards are endangered by ASICS once again, and 2018 looks to be the year of per the title "GPU mining will die in 2018!".
Keep in mind that there are possible ASICS for ethash already for Q1, and even if ETH goes POS, ETC and other ethash coins will be only ASICS and if that happens only Equihash coins will be minable for a time and I have a word that there is already an ASIC in development for Equihash already and will start delivering in Q4 2018. As GPU mining keep gets scarce, other popular coins will have pumps and so ASICS will be born for them.
I want to know your thoughts about it and I wonder the limits of --> "where, there is money to be made, there is greedy"
Keep in mind that this price crashing we are seeing is due also to the fear of ASICS for most GPU mining coins.
You've got the right point there and I'm looking forward to sell my GPU's as soon as possible due to that. Once Ethash & Equihash ASIC miners get released, we'll see a heck load of GPU's coming out on sale at literally half of price, so it's better to sell out now.
The GPU mining can't be just vanished though, there'll always remain a few coins that can be mined through GPU's but their profitability? I think it'll be much lesser.
Ethhash ASICs are not proved yet. But GPU mining is already not profitable at all. May be it's not such a good point to sell it as it was 2-3 monthes ago. But buing new gpu or asic according current prices is totally insane.
I don't know how to tell you this, but you are insanely wrong with part of that. With the 31 gpu's that I have, I mined various coins and traded for btc in the month of March. In the month of March, I ended up with 0.18337303 BTC. If I converted to fiat right now that would equate to $1315.70USD. My electrical costs (rigs and ventilation) for the month were approx $400USD. Do the math and tell me that isn't profit.
I bought my gpu's last year at reasonable prices, not much over MSRP. Not all, but a large portion of my rigs are paid for, if I converted to fiat right now. I'm not converting to fiat at today's btc price (not even to cover electrical costs). I'm placing a bet and waiting. I'm not advocating that someone go out and pay insane gpu prices right now and start building a farm. But do not tell me that gpu mining (in my situation) is not profitable. Lol ... It would be insane for me to shut down my rigs right now and sell everything today.
If you converted it. I have a lot of coins in runescape and if I'd convert them to fiat i'd be a millionaire, but i'm not gonna do it right now. I'm placing my bet and waiting.
That just sounds like greed to me. Hopefully you've at least converted enough to fiat (just in case) to live the rest of your life in comfort. And then, place all of the bets that you want. I'm not in this to have lambo's, helicopters, and private jets. I don't care about any of that shit. My goal in this space (mining and investing) is to retire by 45-50, rather than working for the man until I'm 65 years old. If something way better comes out of it, so be it. I would probably donate a ton to charity, because I don't need to live an extravagant life style to be happy in life.
well i love this statement as this the goal i had set since 10 yrs ago
retire by age of 40 or so