New mining ASIC for Ethereum is as fast as 32 RTX 3080s

[xrobwx71]

@trog100 @ZenZimZaliben

Dogecoin to the moon boys!!!!

To The Moon!!!!

BITMAIN

BITMAIN， Beijing, China. 4.6 万次赞. BITMAIN is the world's foremost producer of ASIC bitcoin mining hardware. We offer both consumer and enterprise solutions for every level of miner.

www.bitmain.com

This is the stuff you need to mine.

Do these ASIC's come with the software to simply plug in, turn on and start mining. I mean aside from adding your Wallet/s info?

I have an old gaming computer I set to mining for fun. I made, .00001033 Bitcoin yesterday.

 

[trog100]

i just read that currently 34% of all household income in the US comes from the government.. that is scary stuff or it should be..

money machines go brrrrrr..

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

trog

 

[lexluthermiester]

If it's a nothing coin, then how am I making money from it?

Are you actually making money? IE, have you sold that coin for cash or used it to make any purchases?

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That's the only ranking site I've seen it listed at with actual value listed.

Sorry man, it's a nothing coin.

 

[sepheronx]

Are you actually making money? IE, have you sold that coin for cash or used it to make any purchases?

That's the only ranking site I've seen it listed at with actual value listed.

Sorry man, it's a nothing coin.

I sure have brother. I convert it to BTC and then sell on shakepay. To convert you can use binance and bitasset (there are others). You can't sell directly as far as I'm aware. What most do is use nicehash to mine it while being paid in BTC. The $ amount is based upon how much in BTC you get paid per day. Otherwise, you can trade more.

I also posted whattomine. It shows other cryptos too.

It is up to you if you think so. My experience says otherwise but if your experience in crypto is different, then OK.

 

[trog100]

well its the last trading day of the month.. bitcoin is up 4k on the day about 6%.. we will see what the next few days bring.. up up and away maybe.. he he

trog

 

[Space Lynx]

well its the last trading day of the month.. bitcoin is up 4k on the day about 6%.. we will see what the next few days bring.. up up and away maybe.. he he

trog

gpu mining will be fine for a couple more months i think, but as more and more ASIC's come off the production line those days are numbered... timing is going to be everything I think.

 

[Shrek]

And then... the market floods with old mining cards...

 

[R-T-B]

Ok, what other gpu mined coins exist with ANY viability?

There are a few, and there will be even more when interest shifts to them for exactly the reason that they are gpu minable.

Are you actually making money? IE, have you sold that coin for cash or used it to make any purchases?

He certainly is. You are searching wrong. You need to look at profitability, not market cap.

 

[trog100]

gpu mining will be fine for a couple more months i think, but as more and more ASIC's come off the production line those days are numbered... timing is going to be everything I think.

these will have a very limited supply and a very high cost.. i dont think they will affect the gpu situation at all..

etherium going up in price will keep gpu mining profitable for quite some time.. my four hourly nicehash payout is now showing 12 dollars.. that is 72 dollars per day.. 500 dollars per week or 2000 dollars per month.. nice for doing nothing..

i now have 11 cards (three machines) running 730 m/sh..

trog

 

[R-T-B]

And then... the market floods with old mining cards...

ASICS will not bring this. No doubt in my mind they are a non-factor.

 

[Space Lynx]

ASICS will not bring this. No doubt in my mind they are a non-factor.

it really comes down to supply of the ASIC's which is very limited I agree, but I think greed will motivate them to make them at a faster pace than we have ever seen before greed is a double edged sword like that. gpu mining will be obsolete within 6 months due to ASIC's... we will see if I am wrong or not.

start the 6 month countdown with this post.

 

[lexluthermiester]

You are searching wrong.

Maybe, but none of those alt GPU generated coins are "big" enough to be considered viable or market significant.

 

[trog100]

the coiners see what they want to see and the no coiners see what they want to see.. rational discussion rarely happens in crypto threads..

trog

 

[R-T-B]

Maybe, but none of those alt GPU generated coins are "big" enough to be considered viable or market significant.

From a miners perspective they are, and that's all it needs.

Also, ethereum was not "viable" until bitcoin and litecoin asics took off. Guess why it became viable?

it really comes down to supply of the ASIC's

No it doesn't. It comes down to the nature of the tech: ASICS mine one coin, gpus several.

 

[lexluthermiester]

From a miners perspective they are, and that's all it needs.

That is only one perspective. As a currency, viability requires widespread acceptance and adoption. The only GPU generated coin that has such a status is Ethereum. The rest are nothing coins.

 

[R-T-B]

That is only one perspective.

It's the one that matters for the gpu supply.

The rest are nothing coins.

As I said, so was ethereum until it was elevated because a new gpu coin was needed...

 

[Space Lynx]

No it doesn't. It comes down to the nature of the tech: ASICS mine one coin, gpus several.

this remains to be seen, as of now Bitcoin and Ethereum are the only two profitable coins to mine. the rest is very much poking in the dark gambling. zcash is probably a safe bet, but im not sure if you can mine that one.

 

[lexluthermiester]

It's the one that matters for the gpu supply.

You're missing the point, if it's not viable from a profit based perspective, it's not going to attract miners on a widespread level and thus will have little impact on the GPU market.

As I said, so was ethereum until it was elevated because a new gpu coin was needed...

No, Ethereum has been viable for many years, 2014 IIRC. Nothing else GPU generated has come anywhere close...

 

[Space Lynx]

You're missing the point, if it's not viable from a profit based perspective, it's not going to attract miners on a widespread level and thus will have little impact on the GPU market.

it will attract gamblers sadly. like Protocoin 9 years ago, everyone will be like this is the next big thing, booms and crashes, and pyramid schemes tricking people in mass, until the masses finally learn their lesson or run out of money, or their parents yell at them for increased electricity bills.

once Ethereum falls there will be an exodus... it will just take time.

 

[sepheronx]

it will attract gamblers sadly. like Protocoin 9 years ago, everyone will be like this is the next big thing, booms and crashes, and pyramid schemes tricking people in mass, until the masses finally learn their lesson or run out of money, or their parents yell at them for increased electricity bills.

once Ethereum falls there will be an exodus... it will just take time.

Many like you were certain last time too.

I do like when people have such faith.

 

[Space Lynx]

Many like you were certain last time too.

I do like when people have such faith.

Ask yourself, what is keeping Ethereum going? It's not just a made up coin, NFT's, and many other uses are built into it. That's what gives it value. Lot of these other coins are just making crap up. Bitcoin is valuable because it was the first and equivalent to digital gold.

The other coins really have nothing going for them... I don't even know why Tether exists for example... the privacy coins make sense like Zcash and Monero, but almost no exchange accepts them for a reason... so unless you can find me a coin right now that has a really unique concept behind it that may give it value or is worth mining I just can't agree with you.

I'm open to changing my mind.

 

[sepheronx]

Ask yourself, what is keeping Ethereum going? It's not just a made up coin, NFT's, and many other uses are built into it. That's what gives it value. Lot of these other coins are just making crap up. Bitcoin is valuable because it was the first and equivalent to digital gold.

The other coins really have nothing going for them... I don't even know why Tether exists for example... the privacy coins make sense like Zcash and Monero, but almost no exchange accepts them for a reason... so unless you can find me a coin right now that has a really unique concept behind it that may give it value or is worth mining I just can't agree with you.

I'm open to changing my mind.

None are unique. It is just used and traded. Monero is a way to do transactions in Venezuela years ago to now. Popular among nations that are sanctioned. That is its value.

Something you forget. And you can thank your government too for their constant attacks on others economies.

Crypto will be poised to become even more popular if EU and US do something as silly as try to ban more countries, let's say net export based countries, from SWIFT. Your guys little games you play internationally actually help give rise to such new developments like crypto.

You really should check out bitsbetrippin. His videos are really good and informative.

We have exhausted the conversation regardless. It's going in circles. I have made my point and backed it up with links and data. The rest is you guys and your faith vs miners and their faith

But never be certain of what you think will happen. Only things guaranteed in life is death and taxes. The rest is speculation.

Me? I'm diversifying more so. I will be mining coins directly and using nicehash. The coin I am gonna mine directly and hedging bets on is RVN

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[MentalAcetylide]

None are unique. It is just used and traded. Monero is a way to do transactions in Venezuela years ago to now. Popular among nations that are sanctioned. That is its value.

Something you forget. And you can thank your government too for their constant attacks on others economies.

Crypto will be poised to become even more popular if EU and US do something as silly as try to ban more countries, let's say net export based countries, from SWIFT. Your guys little games you play internationally actually help give rise to such new developments like crypto.

You really should check out bitsbetrippin. His videos are really good and informative.

We have exhausted the conversation regardless. It's going in circles. I have made my point and backed it up with links and data. The rest is you guys and your faith vs miners and their faith

But never be certain of what you think will happen. Only things guaranteed in life is death and taxes. The rest is speculation.

Me? I'm diversifying more so. I will be mining coins directly and using nicehash. The coin I am gonna mine directly and hedging bets on is RVN

Ravencoin Price Prediction 2023, 2024, 2025-2030 | PrimeXBT

Read this helpful guide to get an understanding of Ravencoin's long term value and learn if it matches up with expert RVN price predictions.

primexbt.com

I think its less about the governments and more of greed. The reason why there's such a disparity between currencies & economies is that we basically have corrupt commercialism plundering nations. So called "mutually beneficial" trade agreements are beneficial to a select minority rather than having consideration for each country involved as a whole. Wrap your head around this:
How is it that some of these African nations that have put out hundreds of billions of $$$ worth of precious gems globally still have such a shit economy and can barely feed their own people? Sure the governments tend to be corrupt, but again, it goes back to them being paid off by the individuals outside of the country who only care about the flow of shiny stones to their company.
Globalism is another problem. Instead of countries producing or trading for what they need, its just a big mess of disparity.

 

[trog100]

i did read a few years back that the main human motivator was self interest.. the question was then ask if so what stops us just just raping pillaging and killing each other for our own self interest.. ..

the answer was quite simple a modicum of tit for tat.. treat others as they treat you..

this probably works for individual human beings but not for governments and large corporations.. they lack the tit for tat mechanisms which enables the human race to survive..

basically as individuals we are okay.. but as large groups with "leaders" something called deferred responsibility kicks in and we are f-cking dangerous..

deferred responsibility is what enables the prison guard to go home and read his kids a bed time story..

trog

ps.. but back on topic.. its the first day of may.. bitcoin is back up over 58K and eth is at a nice 2870 plus... up up and away i recon..

 

[R-T-B]

No, Ethereum has been viable for many years, 2014 IIRC.

Really? That's strange considering it launched with nearly no value late 2014 (August I think).

It took a few years and bitcoin and litecoin asics for it to become the big fish. Check a price chart. Note that in 2016 while ethereum struggled to beat $10.00, litecoin, the then gpu king, was at nearly $200 peak that year.

It's happened before.

I want you to be right mind. I really wish you could be. But we've seen this before, twice, and so I know you are wrong.

The other coins really have nothing going for them...

There are a few. Ironically those with genuinely productive and/or interesting features do not tend to be the ones that are most profitable.