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/biz/ - Business & Finance

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File: 349 KB, 2048x1152, ethos_ewbf_6GPU[1].jpg [View same] [iqdb] [saucenao] [google]
4919343 No.4919343 [Reply] [Original]

I'm already mining on 3 RX 470's but wondering about the viability of upgrading to even more in the future.

Will GPU mining "go away" for any good reason at any point in the near future?

I'm doing Monero now but could easily just switch to other coins.

>> No.4919463

>>4919343
It won't go away as long as it's a profitable niche. Coins will always be created for gpu mining.

>> No.4919569

>>4919343
most people pay too much for their rigs and power to be profitable longterm

>> No.4919910

>>4919343
why u mining if you know some people have warehouses full of this shit?

>> No.4919953

>>4919910
mom and pop shops can still make money if they have the right setup, deals and choose the right coins. I have a friend in venezuela doing it, he has free power, for example.

>> No.4920324

>>4919343
>GPU mining at 2017
just end yourself.

>> No.4920514

>>4919343
enjoy ur ethos backdoor ;)

>> No.4921147
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4921147

>>4919953
>venezuela
>free power

>> No.4921329

>>4921147
Yeah they don't pay for power at his business. It's not all roses though, he has to show activity at his business or else the government will take it. That and living in Venezuela. Good thing is he is a german citizen so he can leave, but, it's hard to get assets out - hence bitcoin.

>> No.4921455

>>4921329
Power might be free but networks blow hard. How can he even mine with 200ms ping? I call BS

>> No.4921506

>>4921455
I don't know. He's in downtown caracas so maybe his ping time is better? I don't know much about mining, but I've seen plenty of photos of his setup which keeps growing - so whatever he has going its working on some level.

>> No.4921595

>>4921455
>>4921506
Apparently the slow ping doesn't matter:
https://www.theatlantic.com/magazine/archive/2017/09/big-in-venezuela/534177/

>> No.4921632
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4921632

>>4921506
He prolly sucked the right commie cock and got into the unfiltered network. All I say is all hashrate maps show nothing for south America, unless...

>> No.4921689

>>4921632
UNLESS WHAT???!

>> No.4921743

>>4920324
?

>> No.4921856

>>4921632
I donno man, no secret they are mining down there that's for sure.