Quote from: adaseb on August 30, 2018, 07:27:28 AM

Quote from: BogdanCo on August 29, 2018, 08:41:30 PM

Quote from: woodaxe on August 29, 2018, 08:00:57 PM

Quote from: big_daddy on August 29, 2018, 03:56:57 PM

Quote from: RivAngE on August 29, 2018, 07:13:37 AM

Are there people still trying to mine Ethereum with GPUs? ETH is only profitable for ASICs now. We GPU miners would be mining for brake even on a top3 coin which, in a bullrun, can go 4 or 5 times its current price. With 1070s you're basically mining at best for 0,60$ a day hopping to make that 2,40$ if ETH goes over 1000$ ! That is before electricity. Even Claymore hasn't updated his miner for ages.

If you're in need of a good algo which works nice on GPUs and a steady more-than-a-coin project behind it, look into HEX algo (XDNA coin). Already trading at Cryptopia and Crypto-Bridge but it's yet in position 875 based on market cap!

There is no asic for daggerhashimoto algo
What are U talking about?

bitmain brought out an etherium asic miner back in april this year

That's not an asic.... it's more like a 6 card rig.
An asic should do maybe 1900 Mh/s for a 800 W.

Well the truth is how do we know if Bitmain actually has a "secret" and "private" ETH ASIC but with GDDR5 memory instead of the DDR3 ram they are using with the E3.

If they released this faster ASIC then ETH dev might be forced to fork the algo and it would be useless. So they are just mining privately with it instead of making it public; basically the smart thing to do.

If they're selling these E3 ASICs, it means they've already made something better and they're done using the E3s for themselves. Otherwise how would you explain this outrageous difficulty?
1) I don't think old miners are buying more cards anymore, right now the ROI is close to infinite if you think about power consumption and that new cards and probably new ASICs are around the corner.
2) I don't think many new miners are joining, if people start getting involved with mining they'll differently buy coins with fiat as well. The constant price drops proves we're not getting any significant amount of new investors.
3) Non-hardcore miners should have started to leave after seeing their profitability sink and the difficulty would fall as well. This should offset the few new miners that probably join Ethereum now. But the diff keeps going up and only just now on August it stopped going up and stayed still.

I can't know for sure, but I believe that Bitmain is secretly mining with optimized ASICs at the moment. Let's hope Claymore will be able to optimize the miner for the 20 series of Nvidias if we're to make Ethereum a GPU coin again.