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Graphics cards aren't used to mine bitcoin any more. Only chips that are made specifically for mining bitcoin (ASICs) are used in mining rigs.

melling 8y ago
When did that change? I still see it mentioned. https://venturebeat.com/2018/02/11/nvidia-ceo-cryptocurrency-mining-drove-a-spike-in-graphics-chip-sales/ https://venturebeat.com/2018/02/11/nvidia-ceo-cryptocurrency... https://www.techradar.com/news/best-mining-gpu https://www.techradar.com/news/best-mining-gpu
- nl 8y ago
  According to [1] if you have 15c/kWh electricity you can make about $1/day with a 1080ti on Bitcoin. This of course doesn't cover the cost of the card for over a year. Other coins are slightly more profitable though. [1] https://crypt0.zone/calculator/s/most-profitable-coin-to-mine-1080-ti-at-this-moment https://crypt0.zone/calculator/s/most-profitable-coin-to-min...
  - lozaning 8y ago
    What these calculators never seem to account for is difficulty factor. That dollar-a-day today rapidly approaches zero as more and more people bring more equipment online. No way you're making a dollar a day 600 days from now.
    - nl 8y ago
      Yeah, I agree.
- kristianp 8y ago
  Years ago. Your first link says crypto mining, not Bitcoin mining. Other coins with different mining algorithms to bitcoin.
  - melling 8y ago
    So, I guess I mispoke and that’s what I meant. Does Intel want part of this market? Would it be lucrative to them?
    - exikyut 8y ago
      While the boom lasts. The impression I get is that the only people taking cryptocurrencies seriously are managlement types who say "blockchain" in their sleep without having a clue what it means, obscure types with a few million invested, and the black market weaving in and out of the shadows.
skizm 8y ago
Untrue. People still buy graphics cards to mine Crypto because, even though they can't compete with dedicated mining rigs/cards, they are still leaps and bounds better than a CPU, and can be resold for nearly the price they were bought for.
- nl 8y ago
  Bitcoin vs Crypto. It isn't economic (in most places, unless you have extremely cheap electricity and GPU cards) to mine bitcoin on GPUs. It can be economic to mine other crypto currencies.
patrickg_zill 8y ago
Correct, they are not used to mine Bitcoin. However, they are used to mine other crypto-currencies, which use different algorithms for which there are no ASICs.

melling 8y ago

When did that change? I still see it mentioned. https://venturebeat.com/2018/02/11/nvidia-ceo-cryptocurrency-mining-drove-a-spike-in-graphics-chip-sales/ https://venturebeat.com/2018/02/11/nvidia-ceo-cryptocurrency... https://www.techradar.com/news/best-mining-gpu https://www.techradar.com/news/best-mining-gpu

nl 8y ago
According to [1] if you have 15c/kWh electricity you can make about $1/day with a 1080ti on Bitcoin. This of course doesn't cover the cost of the card for over a year. Other coins are slightly more profitable though. [1] https://crypt0.zone/calculator/s/most-profitable-coin-to-mine-1080-ti-at-this-moment https://crypt0.zone/calculator/s/most-profitable-coin-to-min...
- lozaning 8y ago
  What these calculators never seem to account for is difficulty factor. That dollar-a-day today rapidly approaches zero as more and more people bring more equipment online. No way you're making a dollar a day 600 days from now.
  - nl 8y ago
    Yeah, I agree.
kristianp 8y ago
Years ago. Your first link says crypto mining, not Bitcoin mining. Other coins with different mining algorithms to bitcoin.
- melling 8y ago
  So, I guess I mispoke and that’s what I meant. Does Intel want part of this market? Would it be lucrative to them?
  - exikyut 8y ago
    While the boom lasts. The impression I get is that the only people taking cryptocurrencies seriously are managlement types who say "blockchain" in their sleep without having a clue what it means, obscure types with a few million invested, and the black market weaving in and out of the shadows.

skizm 8y ago

Untrue. People still buy graphics cards to mine Crypto because, even though they can't compete with dedicated mining rigs/cards, they are still leaps and bounds better than a CPU, and can be resold for nearly the price they were bought for.

nl 8y ago
Bitcoin vs Crypto. It isn't economic (in most places, unless you have extremely cheap electricity and GPU cards) to mine bitcoin on GPUs. It can be economic to mine other crypto currencies.

patrickg_zill 8y ago

Correct, they are not used to mine Bitcoin. However, they are used to mine other crypto-currencies, which use different algorithms for which there are no ASICs.