Will gpu mining get good this year?

[philipma1957]

I think gpu mining will get good again. So I picked 20 cent power cost will work for gpu miners.

[MrSpasybo]

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.

[philipma1957]

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 .

[ABCbits]

Probably yes, but you're betting whether coin you mine could retain it's price or popularity. Looking at 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.

[philipma1957]

Probably yes, but you're betting whether coin you mine could retain it's price or popularity. Looking at 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.

[MrSpasybo]

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

[philipma1957]

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
  

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

[ABCbits]

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
  

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.

[MrSpasybo]

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
[2] Mining 2.0 Trends As Defunct Crypto Mining Rigs Tap Into the AI Boom

[philipma1957]

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.

[Stompix]

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 

[NotATether]

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.

[Stompix]

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!

[B.Trader]

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.

[Altlover]

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.