euskalzabe
[H]ard|Gawd
- Joined
- May 9, 2009
- Messages
- 1,478
A pretty interesting report coming out today about why it's pretty stupid to buy GPUs for mining at this point:
https://www.jonpeddie.com/press-releases/gpu-shipments-soar-once-more-in-q4
TLDR: it's too late in the game. Could you recoup the money spent on your 3000 series? Perhaps, by the end of the year. Maybe even make a bit of money But a this point, you won't earn much, making the whole endeavor a bit stupid when there are other, better ways to make more money. If that weren't enough, Ethereum 2.0 will likely come out this year (or next at most) and Proof of Stake will make GPUs irrelevant. But wait! - I hear you say - we can mine other coins! And to that I say, yeah, good luck making money out of -insert stupid name here- joke of a coin. Let me know how it goes.
https://www.jonpeddie.com/press-releases/gpu-shipments-soar-once-more-in-q4
TLDR: it's too late in the game. Could you recoup the money spent on your 3000 series? Perhaps, by the end of the year. Maybe even make a bit of money But a this point, you won't earn much, making the whole endeavor a bit stupid when there are other, better ways to make more money. If that weren't enough, Ethereum 2.0 will likely come out this year (or next at most) and Proof of Stake will make GPUs irrelevant. But wait! - I hear you say - we can mine other coins! And to that I say, yeah, good luck making money out of -insert stupid name here- joke of a coin. Let me know how it goes.