Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto currency Mining => Topic started by: philipma1957 on May 07, 2024, 02:12:40 AM
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I think gpu mining will get good again. So I picked 20 cent power cost will work for gpu miners.
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I think gpu mining will get good again. So I picked 20 cent power cost will work for gpu miners.
I don't have much experience with GPU mining, and I'm not involved in the field either. However, recently my friends have restarted their ETC & ETHW farms after the halving and they reported that they are still making a decent profit thanks to the price increase of these tokens. I think we will also see a revival of the GPU crypto mining market soon. What I'm worried about is not the electricity price, but the price of GPUs as the AI trend is using up most of the GPUs on the market.
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I think gpu mining will get good again. So I picked 20 cent power cost will work for gpu miners.
I don't have much experience with GPU mining, and I'm not involved in the field either. However, recently my friends have restarted their ETC & ETHW farms after the halving and they reported that they are still making a decent profit thanks to the price increase of these tokens. I think we will also see a revival of the GPU crypto mining market soon. What I'm worried about is not the electricity price, but the price of GPUs as the AI trend is using up most of the GPUs on the market.
yeah I have been selling off my
nvidia a5000
nvidia a4500
nvidia a4000
cards. since they are all good for ai I got a lot for them .
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Probably yes, but you're betting whether coin you mine could retain it's price or popularity. Looking at https://whattomine.com/ (https://whattomine.com/), only few of profitable coins have fairly high trading volume.
What I'm worried about is not the electricity price, but the price of GPUs as the AI trend is using up most of the GPUs on the market.
CMIIW, but doesn't AI trend only use enterprise GPU? That means miner could go after non-enterprise GPU.
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Probably yes, but you're betting whether coin you mine could retain it's price or popularity. Looking at https://whattomine.com/ (https://whattomine.com/), only few of profitable coins have fairly high trading volume.
What I'm worried about is not the electricity price, but the price of GPUs as the AI trend is using up most of the GPUs on the market.
CMIIW, but doesn't AI trend only use enterprise GPU? That means miner could go after non-enterprise GPU.
raven works with cheap power. but when i mine raven i do it on nicehash and convert to btc.
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CMIIW, but doesn't AI trend only use enterprise GPU? That means miner could go after non-enterprise GPU.
Large AI companies' data centers use Nvidia enterprise GPUs that cost tens of thousands of $, such as the H100 Tensor Core which costs $40K. Of course, these GPUs are not in the sights of crypto miners, or at least I have never known anyone to use enterprise GPUs for their mining farms.
However, the demand for AI comes not only from large companies, but also from ordinary users. For example, the Nvidia GeForce RTX is popular for computers focused on AI features for users, which can deplete the supply of GPUs on the market and drive up GPU prices and increase miners costs.
- Factors that affect the price of GPUs (https://wiki.aiimpacts.org/ai_timelines/hardware_and_ai_timelines/factors_that_affect_gpu_price)
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CMIIW, but doesn't AI trend only use enterprise GPU? That means miner could go after non-enterprise GPU.
Large AI companies' data centers use Nvidia enterprise GPUs that cost tens of thousands of $, such as the H100 Tensor Core which costs $40K. Of course, these GPUs are not in the sights of crypto miners, or at least I have never known anyone to use enterprise GPUs for their mining farms.
However, the demand for AI comes not only from large companies, but also from ordinary users. For example, the Nvidia GeForce RTX is popular for computers focused on AI features for users, which can deplete the supply of GPUs on the market and drive up GPU prices and increase miners costs.
- Factors that affect the price of GPUs (https://wiki.aiimpacts.org/ai_timelines/hardware_and_ai_timelines/factors_that_affect_gpu_price)
I have been able sell off most of my nvidia rtx a4000 gpus on ebay. they are in much more demand than nvidia rtx 3070
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CMIIW, but doesn't AI trend only use enterprise GPU? That means miner could go after non-enterprise GPU.
Large AI companies' data centers use Nvidia enterprise GPUs that cost tens of thousands of $, such as the H100 Tensor Core which costs $40K. Of course, these GPUs are not in the sights of crypto miners, or at least I have never known anyone to use enterprise GPUs for their mining farms.
However, the demand for AI comes not only from large companies, but also from ordinary users. For example, the Nvidia GeForce RTX is popular for computers focused on AI features for users, which can deplete the supply of GPUs on the market and drive up GPU prices and increase miners costs.
- Factors that affect the price of GPUs (https://wiki.aiimpacts.org/ai_timelines/hardware_and_ai_timelines/factors_that_affect_gpu_price)
That's good to know, although i wonder how many regular people buy customer GPU just to use AI feature. I recall news which state new Intel CPU optimized for AI task, which means those people doesn't need to buy dedicated GPU.
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That's good to know, although i wonder how many regular people buy customer GPU just to use AI feature. I recall news which state new Intel CPU optimized for AI task, which means those people doesn't need to buy dedicated GPU.
Yeah, in general, users will use AI features from a cloud service instead of running AI models on their personal devices. But we still have AI-Ready Laptops for users so that they can work conveniently and seamlessly when needed [1]. If this trend explodes, we may see an increase in demand for GPUs and push up GPU prices.
Back to the topic, GPU-based crypto mining companies can provide their GPUs for AI training purposes to optimize their income [2]. As the demand for AI training increases, the revenue from GPU power supply services may be even more profitable than crypto mining. I think this is new strategy for GPU mining farm to get more profits from AI trend!
[1] 10+ Best AI Laptops to Use in 2024 (https://www.analyticsvidhya.com/blog/2024/04/best-laptops-that-can-handle-ai-and-analytics-workloads/)
[2] Mining 2.0 Trends As Defunct Crypto Mining Rigs Tap Into the AI Boom (https://www.binance.com/en-JP/square/post/726096)
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Well the rtx a4000 and the rtx a5000 are selling well on ebay.
But I have found a coin Xelis to mine it seems kind of okay. The key is will it crash and burn or expand.
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Large AI companies' data centers use Nvidia enterprise GPUs that cost tens of thousands of $, such as the H100 Tensor Core which costs $40K. Of course, these GPUs are not in the sights of crypto miners, or at least I have never known anyone to use enterprise GPUs for their mining farms.
H100 sucks for mining at those prices, unless you get a coin with an algo that takes advantage of their design they are really bad at ROI over a normal GPU, they simply don't outperform 4xxx series by that much.
That's good to know, although i wonder how many regular people buy customer GPU just to use AI feature. I recall news which state new Intel CPU optimized for AI task, which means those people doesn't need to buy dedicated GPU.
If you're using it for image processing (stable/comfy) 3080 is still good for it, heck even my old 3060 with its advantage of 12gb of RAM would be enough for home personal projects (and a ton of hentai from civitai). For anything larger consumer as training anything else from scratch GPUs are simply no match for the task, you're better of just buying the power needed to compute from the thousands of offers you have pop-ing right and left, if in mining the H100 is barely surpassing the latest 4xxx series, when it comes to AI it would blow a whole 10x rig by a mile.
As for intel, meh, even their dedicated cards (arcs) really underperform as for their design chips (gaudi) those are in the car prices range >:(
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I guess when the altseason comes back in full force then people will start mining with their GPUs again.
That is assuming that electricity prices anywhere in particular don't spike for whatever reason because then it means you would have to find another place to lease in order to mine coins for the cheap, and people generally do not want to deal with that when mining is profitable.
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I guess when the altseason comes back in full force then people will start mining with their GPUs again.
You need the mother of all alt season to come back to make people profitable with GPU again, there are two main problems:
A brand new 4090 makes 0.83 USD a day, and costs at best deal $1500, that's a 6 year ROI, before power.
At 5 cents per kwh and bringing the ROI back to one year, you will need an increase in the price of minable altcoins of over 12 times!!!!!!
Second, there are thousands of miners who just abandoned the rigs in their garages and are also waiting for this season, currently, the whole GPU mining rewards are slightly less than half a million in best days, before that ETH was bringing in 40 million. So if just 10% of the miners have kept their gear is going to add even more pain as you need again an increase in price over those 12x.
Not to add that profitability means ASICs being developed for that algo!
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I think gpu mining will get good again. So I picked 20 cent power cost will work for gpu miners.
I don't have much experience with GPU mining, and I'm not involved in the field either. However, recently my friends have restarted their ETC & ETHW farms after the halving and they reported that they are still making a decent profit thanks to the price increase of these tokens. I think we will also see a revival of the GPU crypto mining market soon. What I'm worried about is not the electricity price, but the price of GPUs as the AI trend is using up most of the GPUs on the market.
The AI boom has indeed put a strain on the GPU market, causing prices to rise and reducing availability for miners. If GPU mining does become more profitable again, the combination of increased demand from both miners and AI-related industries could push GPU prices even higher, making it more challenging to start or expand mining operations.
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profitability calculators can give an idea of potential earnings, but they often don’t account for long-term price fluctuations, changes in network difficulty, or shifts in market interest. It’s important to consider these factors and perhaps diversify your mining efforts to mitigate risk. Always stay informed about market trends and be prepared for volatility.
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well gpus ended up being terrible for 2024 never really had a breakout coin of any kind
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well gpus ended up being terrible for 2024 never really had a breakout coin of any kind
I will say that 2024 was the worst year ....yet!
POW coins are a dying breed, and even if something appears with a new algo that is not ASIC minable it would need an insane price to make up for the lost revenues of ETH moving to POS. Not going to happen, not when everyone is focusing on meme coins.
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well gpus ended up being terrible for 2024 never really had a breakout coin of any kind
I will say that 2024 was the worst year ....yet!
POW coins are a dying breed, and even if something appears with a new algo that is not ASIC minable it would need an insane price to make up for the lost revenues of ETH moving to POS. Not going to happen, not when everyone is focusing on meme coins.
sha-256 and scrypt with asics are just about the only good things to mine
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In my opinion, mining with GPUs will return more than before this year if you manage to have energy at an acceptable price it can still be profitable and then let's not forget that the cards are now also used for AI so their value will grow over time
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sha-256 and scrypt with asics are just about the only good things to mine
And no one will launch a new sha-256 coin because it will be seen as a bitcoin clone with no hype and no price future while Scrypt relies on doge popularity and if that goes down so does mining as litecoin is already losing support slowly but surely.
In my opinion, mining with GPUs will return more than before this year if you manage to have energy at an acceptable price it can still be profitable and then let's not forget that the cards are now also used for AI so their value will grow over time
GPU mining can't return unless you have a coin that generates the same reward as ETH did, you can have the cheapest energy and cheapest board, if the reward from using those is 2 cents a day, it's useless.
A Nvidia 4070 ti is making barely 30 cents before electricity, to ROI in a year it would need to be under $120...
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sha-256 and scrypt with asics are just about the only good things to mine
And no one will launch a new sha-256 coin because it will be seen as a bitcoin clone with no hype and no price future while Scrypt relies on doge popularity and if that goes down so does mining as litecoin is already losing support slowly but surely.
In my opinion, mining with GPUs will return more than before this year if you manage to have energy at an acceptable price it can still be profitable and then let's not forget that the cards are now also used for AI so their value will grow over time
GPU mining can't return unless you have a coin that generates the same reward as ETH did, you can have the cheapest energy and cheapest board, if the reward from using those is 2 cents a day, it's useless.
A Nvidia 4070 ti is making barely 30 cents before electricity, to ROI in a year it would need to be under $120...
I do not see a major launch of any coins for gpu's so it is pretty much a dead era for mining.
I did sell a lot of card in 2024
rtx 3090
rtx a5000
rtx a4500
rtx a4000
all sold well for ai users. I am still moving cards out maybe a few 3070's next.
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I've been mining crypto but i never tried mining in GPUs, because i think ASIC miners are better for efficiency and profitability, but for me GPUs are good if you have cheap electricity fee in your are and mine adaptable coins. If you planning to mine for long-term i suggest to get a ASIC machine than GPU.
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GPU mining could totally make a comeback! With 20cent power costs, it might just work for GPUs, especially for coins like ETH classic or DOGE. I'm curious, though, have you tried it yet, or are you waiting for the right coin??
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GPU mining could totally make a comeback! With 20cent power costs, it might just work for GPUs, especially for coins like ETH classic or DOGE.
There is no GPU that is profitable at 20 cents per kwh, none!
Even the 4080 is losing half a dollar a day at that price.
I've been mining crypto but i never tried mining in GPUs, because i think ASIC miners are better for efficiency and profitability, but for me GPUs are good if you have cheap electricity fee in your are and mine adaptable coins.
Asics might be efficient, but that doesn't mean they are profitable for everything, nor are they available for every coin.
Nobody is going to develop a million dollar Asic assembly live for a coin that has $5k rewards a day.
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I would also consider solo mining
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GPU mining could totally make a comeback! With 20cent power costs, it might just work for GPUs, especially for coins like ETH classic or DOGE.
There is no GPU that is profitable at 20 cents per kwh, none!
Even the 4080 is losing half a dollar a day at that price.
On top of that, mining DOGE with GPU is always unprofitable no matter the electricity cost. After all, people use Scrypt ASIC to mine LTC and DOGE together.
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On top of that, mining DOGE with GPU is always unprofitable no matter the electricity cost. After all, people use Scrypt ASIC to mine LTC and DOGE together.
GPU mining with Doge is no longer profitable since the release of ASIC units for Dogecoin. There are huge spike in network difficulty after they release these Scrypt Miner.
Currently no profitable coins can be mined with GPUs; it seems GPU mining is dying, unlike before every cycle we saw the profitability.
It seems there's a CPU that exists that can make more than $1 a day with RandomX algo. It looks like CPU is way profitable than GPU.