Post
Topic
Board Mining (Altcoins)
Re: Is GPU mining really dying?
by
swogerino
on 05/11/2021, 08:23:07 UTC
What do you think about staking rewards Vs mining rewards? With the looks of things presently I fear that GPU mining is dying cos look around you how many new projects are adopting PoW algorithm? Mining 5 years ago was better than mining today, every new projects are talking about APY returns and staking only, what do you think? Wrong or not?

Yes slowly gpu mining are phasing out, almost all recent projects only provide proof of stake, mining equipment are not cheap and in other to get good returns from your mining you must acquire high standards equipment then you talk about the high electricity bills that it's involved,  gpu mining is getting obsolete, a more simpler mining i.e staking has taken over, and most staking are given good apy for no extra cost, why not.

Gpu mining is more alive than ever,just check GPU prices and availability of the high end cards,you will see that is very difficult to get a GPU at a decent price and by decent I mean a lot higher than MSRP,right now they are selling double the MSRP or even triple in some places.People are making money by mining Ethereum,Ethereum Classic,Raven and Ergo as the most mined coins right now,all with GPU-s so I don't know where do you find that info that staking is taking over as I don't see it happening anytime soon.