GPU Mining is....
ฝัง
- เผยแพร่เมื่อ 30 มิ.ย. 2024
- In this video I discuss the current state of GPU mining cryptocurrency.
Links to support me:
▶️ Red Fox Crypto Discord: / discord
▶️ NiceHash Referral Link: www.nicehash.com/?refby=e2eb3...
▶️ Awesome Miner Referral Link: awesomeminer.pxf.io/AoKqbj
▶️ Hive OS Referral Link: geni.us/Hv4AX5
▶️ Unmineable Referral Link: www.unmineable.com/coins?ref=...
▶️ CoinTracking Referral Link: geni.us/IjAa
▶️ Parallel Miner Referral Link: www.parallelminer.com/?wpam_i...
Current Favorite GPUs:
▶️ RX 6600: geni.us/ThwcRO
▶️ RX 6600 XT: geni.us/iY3VYe
▶️ RTX 4090: geni.us/nGvCip
Mining Rig Parts I Use:
▶️ 6-GPU Frame: geni.us/x93J
▶️ 8-GPU Frame: geni.us/4b94Bq
▶️ 12-GPU Frame: geni.us/dQCRNd
▶️ Risers: gpurisers.com/
▶️ Risers: geni.us/Y6HWAZ6
▶️ PCIe Splitters: geni.us/UR8WAcY
▶️ MOBO: geni.us/ehB51
▶️ CPU: geni.us/lc1rZ
▶️ PSU: geni.us/d71TAI
▶️ RAM: geni.us/MmpYmej
▶️ HDD: geni.us/GsZ5uX
▶️ Test Bench: geni.us/waQ07B
▶️ PDU: geni.us/78rc
Best Grow Tent Setup:
▶️ Tent: geni.us/v17so
▶️ Best Inline Fan: geni.us/1BOCy7B
▶️ Inline Fan: geni.us/kDBxjft
▶️ Ducting: geni.us/fKSEo7
Garage Mining Setup:
▶️ Shutter Exhaust Fan: geni.us/dIysI
Power Meter:
▶️ DROC AC Power Meter: geni.us/f5XApPK
▶️ DROC Power Meter Build: • How To Build a 120v GP...
Video Chapters:
00:00 The Current State of GPU Mining
00:43 I miss Ethereum mining
01:31 It hasn't been all bad
01:50 ASICs continue to dominate
03:26 We need more projects to use GPU algorithms
06:37 Other possibilities for GPU profitability
07:42 The future of GPU mining is uncertain
08:32 There's still amazing stuff happening in Crypto
Crypto Miners:
📺 BitsBeTrippin: / bitsbetrippin
📺 Voskcoin: / @voskcoin
📺 Red Panda Mining: / @redpandamining
📺 The Hobbyist Miner: / @thehobbyistminer
📺 Sebs Fintech Channel: / sebsfintechchannel
📺 ChumpChangeXD: / @chumpchangexd
📺 Hash Raptor: / @hashraptor
📺 SerpentXSF: / serpentxsf
📺 SavageMine: / savagemine
📺 Guntis Vitolins: / talibanfighter123123
📺 The Life of a Miner: / @thelifeofaminer
📺 Altered Component: / @alteredcomponent
📺 Mining Office: / @miningoffice
Follow me:
✅ Twitter: / redfoxcrypto
✅ Instagram: / redfoxcrypto
As an Amazon Associate I earn from qualifying purchases.
#cryptomining #bitcoin #gpumining - วิทยาศาสตร์และเทคโนโลยี
Great video ❤ We’ll get through this. It’s always darkest before the dawn 🌅
like in the dark age, there will be no dawn for the next 100 years 🤣🤣🤣🤣🤣🤣🤣🤣. good luck.
Yea mining is awesome
Only AI compute renting can save the gpu miners hording gpus moving forward the problem is we need much more AI adoption so that there can be much more demand in that space to full fill renting orders
Great talk! Yes, GPU mining is going through a process. Most of the GPU mining coins are very early in their cycle. The new coins don't have a developed ecosystem, unlike Ethereum in 2020 and beyond (that took 7 years or 2 cycles). And the old coins that made it thus far, were never really developed beyond a basic crypto. Flux is getting there, but is still early in development. It's going to take 1 or 2 more cycles before some of these GPU miniable coins replace Ethereum. Till then we are going to experience low profits.
Come oonnnn FLUX. Rooting for that one selfishly.
Really happy I got out when I did. Thanks, Red, for all the great videos and advice.
Thanks for the insight bro!
Thanks for the insight!
Mike i always love your take on things. I think GPU miners should start transitioning towards multi purpose rigs and securing cheap power. One project that i think has the right perspective to thwart ASICs is Warthog. Hashrate is determined by the balance of the GPUs with the CPU. And if you build for it you can pivot towards AI rentals easily.
it has an interesting new way, but both of its algos can be asic'd and someone can just make an asic that does both, making it a warthog asic. am I wrong about this ?
To this answer is much simpler - Kawpow and fishhash for now
Thanks buddy. I gotta check out Warthog more in depth.
@@tugrulserhat You cannot create an "AISC" for an algorithm based on CPU mining, an AISC is extremely efficient for just one reason: it is a "Dumb Machine", it only works with a simple form of reading a "Language" a CPU works differently, using complex probabilistic mathematical calculations.
So yes, it is possible to create AISC-free mining, the problem is that the developers just don't want to.
@@sacideskate3608 isn't there a randomx asic? Which is a cpu algo
As a 68 gpu farm, I am finding myself annoyed with too many options and unknowns. Lots of people chase spec mines, but I'm sticking to projects that are in the 400-800 MC range. However, I'm starting to think maybe I should just unminable into Kaspa for now. I have a ton of crypto waiting for the bull run, but its all unknown until we see the parabolic phase of the bullrun. MY Nvidia cards are the ones I may mine unminable into Kaspa, but my AMD cards are all on CLORE and other mem-heavy algos.
I've been considering selling off all my 30 series cards and swap out for 6600 XTs. Mostly due to heat. I just can't run any of these 30 series cards on any algo worth running on right now. 6600XTs tho run Kawpow no problem heat wise.
I think it's also unknown what POW altcoins will do during the bull run and how much profit there will really be for GPU miners. I've been happy with the BTC I stacked using NiceHash/Unmineable since that has performed much better over the last several months than if I just mined and held the altcoin. Though if we have a true altseason it could have been a bad move. Time will tell.
I parked all my GPUs. I'm not interested in chasing $0.50/day.
Same dude. Only have a few rigs on right now with a purpose.
too much people in. more hashrate: less rewards
You’ll never get rich by not trying.
lol seen this thousands of times. Peoples negative comments around mining. Soon as profits are up it’s perfect. You’ll never get rich by not trying ! Not finding other ways to stay in the game. People quit too easy. I guess the more people drop off the more profits for the miners that stay so that’s good. Regardless. Mining is long term and you won’t accomplish anything by turning off turning on turning off turning on. Mining is long term.
Im right with ya.
I hear you ! I held on mining with half my rigs till only about a month ago. With Aussie power rates i just cant justify it right now. Ive dowsized and kept my most efficient cards and parked them till the next bullrun. I understand that mining during the "winter" is the play really. But ive reached my level of risk and will hold my bags for now 🥲
I will live vicariously through you and your killer beats Mike !
Just in case you have been thinking about it - if you explored parallel video content ideas in crypto or music, I'd be here for it ! Love your work mate, keep it real 🎉
Hi great video would love to see more videos on renting my rig out for AI / flux or vast appreciate all your hard work and the time you put in please keep them coming signing out from the UK
History repeats itself. Those who dont give up, always ends up in piles of money, so..
Not really
By the time gpu mining come back. Will be in the 7000 series or higher. The equipment u have now will be obsolete.
Thanks Mike, always enjoy your content.
Thanks buddy
Could'nt have said it better, great vid!
Thanks buddy. Keep up the great content yourself.
@@RedFoxCrypto yes sir 🫡
I don't think GPU mining will ever be like it once was (before my time) but I still think there will be opportunities in the future, however short lived they may be. I'm so hopeful, in fact, that I'm considering putting together a couple rigs with cheap, unprofitable gpu's and setting them aside until those opportunities arise. If they don't get the chance to mine in next couple years then I'll donate them to a modern history museum.
I think crypto mining was just the starting point in a computing descentralization revolution. I also think that energy efficiency will be a key ingredient in that revolution, the regions of the planet with cheap or abundant renewable energy will really benefit from that. Because of its versatility, GPU's will always have a place in all kinds os computing heavy work.
Relatively new to mining as a hobby have 2 PCs mining one older & one new. I don't know if it will ever be profitable beyond btc price appreciation & HODL. There is value in versatile miners like gpus that can adapt on the fly to new algorithms etc... I think there is merit in both POW & POS, even though it isn't 2009 or even a handful of years ago there is potential opportunity for those accepting the risk of staying in the game but nothing ventured nothing gained.
Yield is all that matters. If you are mining for profits right now, you're doing it wrong.
All my rigs are ON! Will mine no matter what hope and faith is all we need. Someday you would have wished not have them turned them off believe me! Down the road couple of years later it will all this what I am saying to make some sense. Stack em bags and watch how it pumps.
Rooting for you my dude! And all of us!
Awesome video
Glad you enjoyed it
man i felt that...i used to hit about 2 solo blocks a month with eth..i miss those days man...made me really feel like i made it.. hahah
DePin would be the future for all GPU hodlers. Projects such as Dynex and other AI related will need an enormous amount of GPUs eventually.
Unless you have access to renewable energy sources you're basically screwed mining on any standard residential power rates. My rigs have been off for about two years but I'm about to move to a place with a substantial solar roof and in a very warm country and cannot wait to get started again!
So true
Thanks for keeping the dream alive.
I turned my rigs off in 2023. I have 9 3090s, and a 2070 lol. I tried mining a few coins afterwards, but nothing was sustainable. But I knew I’d have FOMO if I didn’t keep my cards (mostly ROI’ed). This is my hobby. Recently began messing with this AI business last week. It’s giving me hope. But I really think in the future everyone will be mining crypto when it becomes mainstream. Didn’t intel or some other big company say they’re building a home miner? It’s going to take time. Until then, I will still hold on to that hope. There’s something futuristic about mining, about fighting the current corrupt global financial system, gaining some freedom, and using technology to make money. Blockchain will be the backbone of Web 3.0, and the miners who support the networks will be the ones who take credit and hopefully be rewarded handsomely once again.
Maybe when SEC blast the ETH POS, maybe Smart contracts and another things can move to Ethereum Classic? And just mining again❤.
There’s been several very profitable GPU coins over the past few months, but you have to find them. They’re not gonna fall in your lap.
The days of setting your GPU to some algorithm and just letting them run for months that’s over
I would say last year was quiet profitable, not less than eth times. But as you mentioned- it wont work anymore like bfr - plug and forget. Versatility, always changing coins and algos, new learnings weekly and monthly. Not anymore “passive” but still quiet generous income.
this was what I found also. Made some good money. Kept in them and basically lost it all... haha Lesson learned.. sell and make it BTC as soon as possible. Tradeorge is great for this. Coinbase is like a mafia family now. Trying to charge like $20 bucks to get $200 BTC out... nutso.
I feel the same way bro, about everything you said
Thanks buddy. Thanks for watching.
You need RTX 4070’s or better to be able to make any type of good profits anymore. Plus a low electric rate.
where did the jacket come from? nice
Software technology is only starting to catch up with the new needs/reality of gpu mining.
Automatic switching of what your rig is mining based on coin price tracking and swapping are still in my opinion too new and not "dialed in" yet (think unminable etc). This will improve over time hopefully.
My personal current residential theory is:
1. Use your hardware the most during the winter season where heat is necessary, pull them back/shut them down in the summer (space heater theory).
2. HODL coins, doubtful daily "money printing" is coming back.
2.a. If you have true logical factual belief in a coins value rising over time and you loose only a few cents a day to mine it, consider mining that one coin. Never forget the fees you circumvent by mining directly. Remember your monthly electrical expenditure is your Dollar Cost Average and you can control that.
Good Luck all, hope this helps!
I 100% agree with all of this.
nicehash has been doing this for years. It's a great setup but they are about a year behind the latest coins. That's their biggest issue, that seems fixable but for the past 2 years they haven't fixed it 🙃
I'm thinking of getting an FPGA (Colengine P2) so I can profit on all the coins that transition to ASICs longer. I think you're right. We're in a weird space where GPU mining isn't super profitable and we don't know if it ever will be again. Hence the FPGA and ethash ASICs. I'll still keep my GPUs in case something good comes along but I shut off if the profitability isn't at least 25%.
I'm noticing FPGA bitstreams are getting made faster and faster too leaving very little time for GPU miners. My Ethash ASICs have consistently been profitable for years. If you do wind up getting a ColEngine P2 or any the Jasminers let me know so I can refer you directly - contact@redfoxcrypto.com
I don’t mind low power low heat coins. I just need to keep switching. Keeps my cards mining longer.
Bro you hit the tone perfectly I am so tired of these influencers sell hopium. They can't tell the truth and they are always trying to sell you something. With their mouths open trying to get more of you know what. You can't trust anyone these days. Great video well said.
Thanks buddy. I really appreciate the kind words and support. Trying to keep it real.
Mining Xelis with my whole farm until it's not profitable anymore and swapping into Neoxa for another node and then probably back to Unmineable to stack coins that I want to build bags of...GPU mining is really blah right now
Yeah it is. Sounds like you have a similar approach to me. Mining with targeted goals instead of just letting stuff run hoping for a future payout.
What’s the microphone that you using?
Rode Wireless Go with a lav. Happy to chat on any recording/setup questions if you wanna DM me on Discord or Twitter. Links in description.
I LOVE GPU MINING ❤
It’s starting to get warm here in Texas. Turned my GPU’s off. Plan on re-pasting and prep for what I hope is the bull run in the fall.
I am hoping that we get a true Alt Season run at the wnd of the year. I havw been stacking bags of different projects and holding for that run up. All we can do at the moment.
Me too my dude.
Did not Flux team up with Ergo? And also is not Ergo ASIC resistance due to memory focused mining?
Im curious because the project seem so solidly built on eUTXO, which is almost the same as bitcoin.
So I dont understand how Etherium got so much liquidity, but something like ergo is not.
The lolminer dev looked at Ergos algo and saw it doesn't saturate enough memory making the potential for a more efficient ASIC.
Maybe you can explore new lands! For mining for example in Venezuela electricity is very cheap. I would be happy to come back to my land and own at least 30gpus rtx30... I would live okay because no only electric is cheap but also living coust is cheap. Unfurtunately I'm stuck here in us.
Pouw, depin, etc is where the future of gpu mining will be. Flux for example.
Flux 🤞🏻
@RedFoxCrypto the only problem I see with flux with be the hardware upgrade costs. Other than that I'm really banking on it for gpu work.
I just stopped a month ago after 3 yrs straight.
Power costs suck
I have a decent Kaspa bag so I'm feeling good.
Yeah no floating point is the key to asic resistance not power heavy, but devs except for HardhatChad avoid it like the plague.
Had a 15GPU rig running Flux for almost a year and it's been offline for almost a year, more as a result of the awful economy and not knowing how long I'll be able to float the electric cost. It's going to take a really strong bull market before I can justify turning them back on. 😞
Hoping for the best for the both of us.
I'm not sure why .. but i have a very good feeling about Gram .. just started staking it couple of days ago. What do y'all think?
I begin mining in end of 2019 with 6 rx 580 and one point had had over 200 rx 580 but somere on begining of 2022 my power rates begin to climb high so I sold all cards with double that I paid and buyed rx 5700's and gtx 1660 ti worth in that time 50k after the eth merge that I was very informed but hoped that the gpu mining will dive like 60,, 70% and slowly will increase to a margin that will make some money even with a 0,20 that find last year at a company (had even 0.75$/kw some times) but gpu mining is in deep coma an I'm really disspointed and will start to sell big part of gpus.
I was making crazy mining lile 4-5 k per month but all I reinvest in gpus so now my 50k gpus worth 10k on a flooded market that even there is hard to sell.
Thanks for sharing my dude. That’s tough. I reinvested some into hardware as well. Insane seeing 8 3090s just sitting around doing nothing when they equaled the price of a car at one point. I think I might sell off my 3080 Tis soon. Never liked those GPUs either.
@@RedFoxCrypto yes is sad times I really enjoy building rigs and the hunt to buy more and more gpus but already moved a little aside from gpus and have a few asics.... And maybe I will keep 50 gpus and maybe there will be some magic coin that will bring more hope and money and this will not be the end of gpu mining.
Btw at the till the of 2022 when I buyed 15x L3+ I said that I will never buy an asic because you can mine only one algorithm bla bla bla but in end of 2022 I was making with that 15 old asic like over 20$ a day and I have a solar 26.5 kw + powered grid so for 10kwh/24 hours in one year will be like 0.03 so almost free(but not free because solar setup cost me a lot of money).
Hope will be better 2025 for all miners! Cheers!
you need to think, what can a massive group of GPU's do that an asic could never do?? something where the inefficiecy of the gpu (compared to asic) is not a factor or relevant?
Figures I just figure out how this whole gpu mining stuff works and I’m too late to the party. That’s my luck
I thought I was late in 2017
Same here 😂 at least we dodge a bullet no?.. always there is an opportunity u just gotta keep searching
I made it just in time to pay off my PC and GPU's. And to buy numerous alt coins that im currently at a loss on 😅
Some game devs should use AI to power NPC conversations using these GPUs
I miss eth too
I have a little over .2 btc I'm sitting on, that I mined entirely with GPUs (btc payouts).. I agree with we need another fully GPU saturated algo. For now, I am just mining shit coins and selling now off while I hold my btc until it peaks again this run!
Besides my Kaspa from GPU mining I think I’ve done the best on NiceHash and Unmineable BTC payouts.
@@RedFoxCrypto Same here I mined Kaspa for a while before asics took over. I started really getting into mining when 30 series dropped, and I couldn't get one anywhere
GPU mining is dead not because it is unprofitable, but because it is unprofitable in the bull market of the BTC cycle. This is the first time in a BTC bull cycle that GPU mining is at an extremely low point.
Now imagine when BTC enters its bear cycle in 1.5 years - 2 years.
If you can get solar setup then it’s still profitable!
do you solars work at night?
I hope people are listening, he’s not wrong. Thanks for the honest analysis Redfox.
Thanks for watching buddy.
Why sir are you not on xelis, money printer..... And you've missed the qubic boat. Huge earner qubic was but gpus are done there it's moving to cpu only.
Sometimes I mine stuff that I don’t make videos on to not ruin it for the people paying attention.
@@RedFoxCrypto cryptic crypto
well the electric price has killed it all really all mine switched off now im giving up.
IMO once ETH went that was it.
Anything you mine now is just to get a payout into USD or BTC "there is no second best"
Good luck.
Its darkest in midnight actually (ASTRONOMICALY), i dont know why people say that its before the dawn. Maby end is hardest or so..
I also went with Sebs ASIC commercials and bought 2x Goldshell KASPA BOX-s from Coin Mining Central. Friendly Chinese, they even promised to correct miners price down for customs :)
ASICs should arrive in 28th May. Took a month+ All KA BOXes sold out, and then they already sold ASICS they didnt have built even :)
Actually i also sold one 3070 SUPRIM GPU, because i dont need heat in summer... soon sell next, because i think same.
If 2024 or 2025 does not pop up next ETH, then comes new bearmarket (4 years cycles) and GPU mining will be, if not dead, then zombiefyd or smth... :D
If it's profitable for anyone it's not dead. You can thank regulations and poor governments for the state of things.
This reminds me exactly of when x11 "wasn't profitable" anymore. Right after scrypt asics first came out.
You must do what everyone told me back then, "Fill your bags and hold them". If I would have followed this simple advice I would be a millionaire multiple times over.
Amen. Thanks for dropping by OG.
I don't understand who mines on ASICs too after the Bitcoin halving. The BTC hashrate is at an ATH and the profitability is almost nonexistent, even with very cheap power. It's a mistery to me what keeps the big boys mining in these conditions.
I’m guessing very very cheap power?
My philosophy is different this time around. The question for everyone that was into gpu mining over the last several bull markets is what is going to replace ETH this time around, if anything? The conclusion that I have come to is that there may not be anything that ever replaces ETH. So I’ve been mining coins for yield and paying the electric out of pocket. That is expensive for most people these days and not appealing as it means you have to pay massive electric bills out of pocket and realize little to no profit in the short term. But if you’ve been in the market at least one full cycle you understand how it works and what is coming. And when the time is right, I will sell most of my GPUs and recover some my original costs as well. I’m playing the long game with my GPUs. You asked for a paragraph 😁
Yes I did! Thanks for sharing buddy. I'm stuck on selling some of my GPUs now (3080 Tis to start) or holding them to sell them at a higher price if mining profits rise. Hmmm...
@@RedFoxCrypto I honestly have no idea if we’re going to see the kind of scarcity we did in 21 and 22, but at the very least, I want to wait for the market to really heat up maybe even into next year before selling some of my equipment
It's been a tough couple of years Mike. Flux or Ergo for me at a slight loss.
It sure has. Firo on my AMD until I get a node, FLUX on some NVIDIAs. Testing that new Xelis too right now.
Keep mining what is hard to mine, don;t spec mine - projects that people don;t know. Spec mining is very short lived.
VerusCoin VerusHash 2.1 is not memory-bound but is FPGA-proof, people have tried to make FPGA algos but it's slower. Even cheap CPUs is faster than GPUs and most mine on phones or Orange´s etc.
we all miss eth buddy had 96 gpus making 385$ a day
electric rates have hurt
my rig has been running for the last 6 years. today im having to turn it off for the first time. it's a sad day. damn power companies
Is it possible in future again ethereum mining will back
Nope!
if for some reason PoS ever gets pointed out as as security, we might ever get PoW back -- hard coping here.
It's sad how a lot of these projects disrespect the GPU miners. I fully understand the benefits of ASIC's, I really do. But GPU mining brings not only decentralization, it brings in a lot of adoption from lots of GPU miners. Because anyone who has ASIC mine knows that you can buy an ASIC and it will be efficient for 3 months and then a new ASIC is dropped and the difficulty will increase so fast that your ASIC becomes nearly obsolete. You have to have a really crazy good electric rate or just have really good timing with ASIC's to make money on it imo without a literal warehouse and massive farm.
I again understand the power of ASICs and I think they're amazing. But I do believe a big part of Ethereums success was them allowing both ASIC and GPU miners to compete.
I agree. I also think projects see ASICs as bringing a lot of stability and consistency to their network security vs GPU miners who hop to the most profitable coin. I know FIRO talked a lot about this when they decided to shift more rewards to node operators vs GPU miners.
I wonder if there is more perceived loyalty from ASIC miners due to the economics, manufacturing, and the fact that they can only mine one algo whereas GPU miners shift to chase the most profitable. I think I just typed out a video idea.
@@RedFoxCrypto I'd love to see a video about that. Honestly, you brought up a really great point that I didn't consider. The topic of loyalty is a really good one. I'd also argue that ASIC mining forces loyalty. Yes there's ASIC's that can switch what they mine, but they don't have the same range to switch as GPU's.
Stability, lower latency, and so on is a huge advantage of ASIC mining. But I didn't consider the loyalty factor. But, I'd still think there's a solid argument about GPU mining being a large factor towards a POW success. But I'd love to see a future video on the subject :)
wake up!
TIME TO KOBRA TO TOP20 PYRINHASH ONLY 17K MARKET CAP
DEAD - Definitely Experiencing A Downturn
What about DNX? is that not a great GPU only option that will stay that way?
Life hasnt been as exciting as when Ethereum was PoW
You have to understand, that PoW as a mechanism validating blocks is getting very old fashioned and simply not suitable for any bigger projects. For small startups and such it's fine, but the bigger the project, the more problems you are going to see with PoW. Miners are of course dependable of PoW but if you are planning to make income that way you should also realize more and more projects are going to find way or other to change their dependancy from PoW to something else. ETH example to PoS is already done, and at least so far there has been no big news about how PoW to PoS change would have make anything broken, quite the contrary it seems ETH tx fees have been much lower since the ETH merge. If you are investing money, I wouldn't recommend to put all in to PoW, but find some other sectors too which could be profitable in case PoW just doesn't anymore return to to such profitable thing as it was with ETH at least some time.
Thanks for sharing your perspective my dude.
Bitcoin is the highest it’s ever been and people still got negative around it. Wonderful !❤
You should try Chia mining. It’s awesome.
you still profitable chia mining?
@@redg8gt Yes, it's very low power. The best part is you can trade your Chia into other coins.
So glad i sold everything 1 month before the merge. Its sad but gpu mining is dead
DEAD! 💀
It's not dead for those that get free electric lol
Which nobody has free electric. Solar isn't free. You paid for the system, or are still paying for it.
Someone is always paying for it. And if ur landlord finds out they paying $1000+ in electricity wat would they think? I sure as hell throw you out 😂
Only ASIC
GPU MINING IS DEAD!
*sell me all your gpus for $1 plez.*
Deal.
@@RedFoxCrypto deal.
Ethereum going Proof of Stake was the dumbest thing ever, for both Ethereum and mining.
Well. Saved the ETH folks a lot of paying miners didn't it.
@@djchotus1 They are still paying, sometimes even more, so it didn't save them anything.
@@djchotus1 Further, the move to PoS makes it more likely that Eth is found to be a security.
people who don’t mind in the “bear market” have fun bag holding into a bull market
Sorry to say this, but the glory days of GPU mining are over. If solana were POW and not POS, we would have another great earner... but the crypto moved forward and dinosaurs will get erased one day.
Take a look at Akash to make money off your memory.
1. Game theory dictates we are mostly exit liquidity for ASIC mfg. 2. You can now spin up limitless GPU's via Clore, Vast, etc with the push of a button - ARBITRAGOOORS are and will crush everything "worthwhile"
Why is there a liquor bottle in the background?
For drinking.
@@RedFoxCrypto relevant to your crypto videos?
dead for now. Winter it's free heat... so like thats what I use it for, unless by some miracle it actually comes back but it doesn't appear so. I'm glad (selfishly) that its not way up because I don't need the heat right now 🙂
On the brightside asics are far worse. They make money on day one and a doorstop by day 400 and payoff is 500... so like yeah... more of a money pit and completely worthless device.
I also don't want to deal with the heat right now. I'm totally okay if profits don't come back until cooler temps...
GPU mining is dead. Most people don't have cheap electricity. And for those who do have cheap electricity, even during peak bull market you'd probably have to keep monitoring and switching shitcoins all day long while making laughable profits... Not worth it at all. With Ethereum everyone could set it and forget it, those days are gone. My regret is that I didn't sell my GPUs/gear in 2022 and reinvested that money in BTC, now they are worthless and I hate myself 😁
gpu mining is dead
There he is
they say always gpu mninig is dead ı say always yes GPU mninig is dead Long live to Gpu mining ;)
Sucks
Too many shit coin projects
No offense but I see a LOT of depreciating assets (the things that came in those boxes). Crypto isn't solving any problems so why expect any coin to be worth anything to mine? Creating coins was and has been the purpose. Coins which have no use. They continue to have no use. Something that serves no purpose? It has no reason to exist. A lot of coins trying to have relevance. None do. After all this time if they can't create value or usability then it's time to move on. In whole. Not in part.
I'm sure losers said the same thing when the first personal computer came out or the world wide web that was so limited on being real world useful when it was created. There's a lot of skeptics on the usefulness of AI today. Technologies always grow more useful over time as they are developed and new applications are needed.
What the hell are you talking about. Mining still works and still profitable