3 ms·
Mining with GPUs hasn't been profitable since around 2014. GPUs have largely been replaced by ASICs (although certain coins are still mineable with GPUs, like E
by brndnmtthws 9y ago
Mining with GPUs hasn't been profitable since around 2014. GPUs have largely been replaced by ASICs (although certain coins are still mineable with GPUs, like Ethereum[1], as discussed in the article). Bitmain[2] is (AFAIK) the manufacturer of ASICs for mining.
[1]: https://motherboard.vice.com/en_us/article/59zdjq/an-idiots-guide-to-building-an-ethereum-mining-rig https://motherboard.vice.com/en_us/article/59zdjq/an-idiots-...
[2]: https://www.bitmain.com/ https://www.bitmain.com/
- patpending 9y agoIf mining is profitable at all, why wouldn't a manufacturer of ASICs or GPUs run its own mining operation?
- literallycancer 9y agoPain in the ass to run. Competition will torch your facility if you don't spend enough money and effort on security. You're going to need your own power plant, etc. If you are the manufacturer, why not let the customer take the risk? You are planning and spending years ahead, why gamble more than you need on cryptocurrency price?
- abiox 9y agoi wouldn't be surprised if they do.
- Strom 9y agoFor the same reason why shovel manufacturers don't dig their own gold. Why take the risk of uncertainty that comes with the whole mining operation?
- strictnein 9y agoMining for Ethereum is entirely GPU based. Mining for Bitcoin/Litecoin is entirely ASIC based now.