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I never bought a whole coin in one purchase, I stacked sats for a while and built up my stash via GPU mining, mostly on NiceHash, and took the pay in BTC. Most of the money I made off NiceHash I wasted on crapcoins or scams.
Good answer and especially the GPU world is hard with little to no margin also because of hardware degradation
I cant find any tool that can check passwords with GPU. I use btcrecover but it use CPU and its very slow 1000 p/s. The GPU option in btcrecover doesnt work for me/my wallet. Any suggestion for gpu tool besides hashcat?
It isn’t. But I’m saying AI requires an insane amount of GPU. Providing GPU to run this crazy AI world we are entering into requires infrastructure to sustain it. So *you* not needing rendering from your own perspective does not mean that the system you utilize does not need it.
They are not coming from GPU rendering in people's homes if that's what you think
Crazy to think my GPU can do nearly 1 billion keys per second but that would still take years. Using https://github.com/brichard19/BitCrack To attack the addresses with public key revealed you need a lot of RAM but this works https://github.com/albertobsd/keyhunt using the baby steps giant steps algorithm I believe
Numerous companies are exploring & integrating Ethereum into their operations, particularly through the use of NFTs, Real World Assets (RWAs) & layer-2 solutions. Some major examples include: Financial Institutions: Blackrock: Launched the USD Institutional Digital Liquidity Fund (BUIDL) on Ethereum, expanding to multiple Ethereum Layer-2s for wider access. JPMorgan: Utilizes a version of Enterprise Ethereum for its inter-bank payment network, JPM Coin. UBS: Launched a Money Market investment fund token ("uMINT") on Ethereum. Deutsche Bank: Developing a layer-2 blockchain on Ethereum for increased scalability & interoperability. Visa: Using Ethereum for settlement processes with correspondent banks. Visa also offers the Visa Tokenized Asset Platform (VTAP) to facilitate the issuance of fiat-backed tokens on Ethereum. PayPal: Launched its stablecoin, PYUSD, on Ethereum, later expanding to Solana. Robinhood: Launched its dollar-pegged stablecoin, USDG, on Ethereum. Coinbase: Offers a wallet and operates Base, an optimistic rollup on Ethereum. Gaming & Entertainment: Atari: Deployed classic games "Asteroids" & "Breakout" on Base, an Ethereum rollup, featuring in-game rewards & NFTs. Lamborghini: Collaborated with Animoca Brands for "FastForWorld," a digital collectible platform on Base, allowing users to buy, sell & drive virtual Lamborghini cars in games. Lotte Group: Partnered with the Arbitrum Foundation to build the "Caliverse," a metaverse gaming platform, on the Ethereum rollup Arbitrum. Sony: Launched its own rollup, Soneium, using the OP tech stack on Ethereum, aiming to support a broader ecosystem of gaming, finance & entertainment apps. Square Enix & Ubisoft: Exploring blockchain integration in their games. Immutable X & Polygon: Popular platforms for NFT games due to their low fees & developer support. Ticketmaster: Using NFT tickets for events. Starbucks: Has a loyalty program utilizing NFT stamps. Other Industries: Microsoft: Integrated Enterprise Ethereum into its cloud services & collaborates with companies like LVMH for supply chain solutions. Samsung: Investigating supply chain management & product authentication using Ethereum. Ernst & Young (EY): Developed blockchain-based solutions on Enterprise Ethereum, such as the Blockchain Analyzer for managing & auditing transactions. FedEx: Exploring Ethereum for shipment tracking & improved supply chain logistics. Covantis: Working with major players in the commodities industry to improve trade processes using Enterprise Ethereum. Louis Vuitton & Adidas: Fashion brands that have built products & services on Ethereum or Ethereum Layer-2s. Ondo Finance: Tokenizing US Treasuries on the blockchain. Centrifuge & Securitize: Platforms focused on tokenizing real-world assets. Render Network: Connecting creators with idle GPU resources for rendering services using blockchain incentives.
It felt like that haha :-D my GPU (gtx 1060) kept overheating too, even after taking the case shroud off and putting a desk fan on it..
If you're open to low caps, look into GPU and NEURAL. They're setting up for higher lows with respect to the tariffs crash bottom. These can pump into the few billion market cap with product adoption and QE. They recently bottomed around 20 million market cap. One hosts GPU processing power for lending and rental. They're about to ramp up available GPUs and onboard clients who have the need for computing power. Neural uses AI to create 3D assets for NFTs and games.
you buy bitcoin, i buy bitcoin, my unborn baby buys bitcoin through ultrasound WiFi, jesus buys bitcoin and turns water into blockchain, santa replaces coal with sats, the tooth fairy pays out in lightning network, shrek mines bitcoin in his swamp with an ogre GPU, and spongebob flips krabby patties for satoshis, a pigeon trades seeds for bitcoin on Binance, my toaster beeps “bullish!” every time it pops, my calculator refuses math unless it’s crypto-related, and my smart fridge DMs Vitalik for tips, elon musk tweets "bitcoin cured my hiccups", NASA halts Mars mission to check BTC charts, time travelers come back to 2010 just to say “BUY,” my pet rock refuses to be touched unless paid in BTC, i sneezed, and my sneeze bought bitcoin, i blinked, and it shorted ethereum, i farted, and gas fees dropped to zero, bitcoin becomes sentient, runs for president, wins in a landslide, and makes fiat illegal on Tuesdays.
Another big one is the Bitcoin Pizza gu, who basically invented GPU mining and the whole world thinks he's a broke idiot because of one picture where he is in a small house showing his pizzas. The guy mined like 100,000 BTC and the world thinks he's broke and doesn't know his name. Dude is a billionaire. This is the way.
I bought a GPU from them three years ago and was considering buying again. Thank you, it's good to know
For you fiat isn't just numbers on a screen? What's your GPU??
Quantum computing questions are asked constantly. The answers have been given more than 1000 times. The other subreddit deletes such repetitive posts There's no such thing as Satoshi's wallet There are some amount more than 20,000 **unspent 50BTC mining reward TXOs (coins)** from the early days of Bitcoin. Every one of these coins has a different address. This means they could be in 20,000 different wallets. The early mined coins have a public key as an address. Satoshi enhanced Bitcoin to allow addresses to be a hash of a public key very early. But the mining code was not modified to use these public key hash (PKH) addresses until new mining code was developed for GPU mining (also for pooled mining around the same time) In theory, the Shor algorithm allows discovery of a private key form a public key in "polynomial time" if a reliable and powerful quantum computer is ever created (very unlikely). This makes those old public key addresses vulnerable Hashed addresses are not vulnerable. The Grover algorithm allows a QC to reverse a hash in quadratic time - only a slight speedup, allows 2^128 of brute force for a 256-bit hash, not a risk to Bitcoin If a reliable and powerful quantum computer ever exists, and if those 20,000 50BTC coins are still unspent, Shor's algorithm will allow them to be spent Recently, a speculative proposal to make QC vulnerable Bitcoin coins unspendable was submitted to the Bitcoin GitHub. The person who wrote the proposal has a very weak understanding of the way Bitcoin works - doesn't understand that addresses are not accounts, which would make it very complicated to mark addresses as unspendable, and very cumbersome to mark thousands of individual UTXOs as unspendable. The proposal mainly focuses on an administrative mechanism - defining a long amnesty period during which coin owners can move their Bitcoin before the coins become unspendable https://github.com/chucrut/bips/blob/master/bip-xxxxx.md It's labeled as "Address Migration Protocol" but it's not migrating addresses. It's giving a limited time to owners of unspent coins to spend them. When the time expires, the coins become unspendable. It's really a mandatory burn proposal > How will those wallets be updated? The Bitcoin blockchain has no information about wallets. It only stores transactions > Will an update even be required? Not required If the long-unspent coins become able to be spent by Shor's QC algorithm, what's the harm in spending them? --- Quantum computing is never going to happen, except as an expensive toy with a few dozen qubits. Shor's algorithm requires millions of qubits https://scottlocklin.wordpress.com/2019/01/15/quantum-computing-as-a-field-is-obvious-bullshit/
You’re off to a good start. Maybe look into Vaulta (ex-EOS), building Web3 banking infra. Also Chainlink for oracles and Render for GPU compute. Real use case stuff.
The hashrate issue, and the fact that you have one pool taking most of the blocks and splitting it between only 144 miners. There are only ~170 miners on the whole network, GPU mining is dead and I'm not sure if evrprogpow is on nicehash, but if so it's a ticking time bomb until 51% attack time. Also the whitepaper mentions zero-conf, I've yet to see a chain actually solve that without relying on a centralized server, or crap like chainlocks. It was interesting digging in more, but the documentation is not good. It doesn't detail hardly anything. Not totally surprised since Tron Black is a horrible writer and likely did it.
Indeed. In 2014 early was before ASIC mining. And in 2013 early was before GPU mining. In trading early is before the previous cycle. Or for newcomers before the rise of the current cycle.
I was in the crypto game in 2014. There are a few things I learned late, that I wish I knew in 2014. I loved the idea of crypto and never planned on selling regardless of the price. Holding wasn't an issue for me. I just mostly held shit instead of gold. 1. BTC has value. Seems dumb now, but back then I wasn't sure. $1k/coin seemed really expensive. So I mined LTC with my video cards since that was considered the "silver version of BTC's gold", then ETH later with the primary goal of getting a string of great GPU's through the years that made a profit and enabled great gaming. This is my BTC pizza. Lambos >>> GPUs. I should have just bought 10 BTC. [https://www.youtube.com/watch?v=cZ-yf61mq30](https://www.youtube.com/watch?v=cZ-yf61mq30) 2. Selling coins for $ is taxable; keep good records. Don't F this up or ignore. IRS doesn't play around. Coinbase and IRS talk to each other. 3. People who care about BTC already do. Don't strain your social connections by trying to talk to people about BTC because they almost always either think you are nuts or are bitter. 4. Sending BTC from coinbase to a wallet can take overnight to show up. At least a couple of sleepless nights for me. Send a small amount first. 5. If buying BTC on an exchange, especially signficant amounts, understand slippage and limit orders. 6. Be educated on how things work before attempting self custody. Coinbase's vault isn't terrible, but ultimately NYKNYC.
I heard that 90% of QUBIC miners are GPU at the moment but there is going to be an algorithm change that favors CPUs which will 10x the hashrate
About 13 years ago, this guy at my work was telling me about how he bought a GPU, and it came with 4 bitcoin. He tried to explain to me what it was, and I thought it was a scam. Fast forward to about a year ago and, after doing a lot of research, decided to purchase BTC in two lump sums that will eventually be part of my retirement (supplementing a government pension plan). You are at a perfect age where if you keep going down your DCA path, you should be just fine in 15 to 20 years. Don't worry about it, stay focused, and keep your eye on the prize. Good luck to all of us!
Vitalik has already gone against Trumps views multiple times and wants nothing to do with him or his party. Now lets be honest, nobody here is for the tech and were all here to make money. Solana or any other chain will jump to kiss the ring and get the mega pump that Eth should receive. Vitalik is to autistic to play ball and needs to get better at public affairs. BTC has Sailor and Eth needs someone to push the narrative forward. The 5k/10k narrative can be real, but Eth really needs someone that can push that narrative to the public. right now "BTC is digital gold" is the easiest sell. For Eth to hit 5k/10k you need to be able to sell it without explaining blockchains and layer2 solutions to the masses. People invest heavily in Nvidia but can not explain what a GPU does or how it differs from a CPU.
Vitalik has already gone against Trumps views multiple times and wants nothing to do with him or his party. Now lets be honest, nobody here is for the tech and were all here to make money. Solana or any other chain will jump to kiss the ring and get the mega pump that Eth should receive. Vitalik is to autistic to play ball and needs to get better at public affairs. BTC has Sailor and Eth needs someone to push the narrative forward. The 5k/10k narrative can be real, but Eth really needs someone that can push that narrative to the public. right now "BTC is digital gold" is the easiest sell. For Eth to hit 5k/10k you need to be able to sell it without explaining blockchains and layer2 solutions to the masses. People invest heavily in Nvidia but can not explain what a GPU does or how it differs from a CPU.
Exactly. The fact that they’re still far from maxing out CPU utilization shows how much untapped potential there is. Once full utilization kicks in — not even counting future CPU inflow or algo tweaks — 500–800 MH/s is absolutely within reach. Add Tari merge mining and potential GPU deployment, and it's clear this could easily go over 50% of Monero's hashrate. It’s not just about mining rewards anymore. At that scale, the influence extends to consensus and long-term network dynamics. Don’t sleep on this.
Sure, here are mine. 4 years of research ... ALTURA - gaming and gaming NFTs Saucerswap - hbar dex Heart (humans.ai) - big project, AI agents, big team Weex- up and coming CEX token, think BNB Seedify - ido launchpad and gaming Quickswop- polygon dex GPU - Node AI, GPU farming PAAL AI - not 100% sure, newest addition. APE - NFTs, bought based on chart technicals, up Curve finance - farming, dao Riskier OmegaX Health - 3 months old, doctor making health AI program, have app on apple beta store - 100x in bullrun Tophat - AI agent launchpad, moonshot, think Virtuals - if this catches, 100x
That was post 2017; there was never much gpu hysteria until Pascal. I was GPU mining Eth when the RX480's launched, and it was still small enough in the grand scheme that it had zero effect on gpu prices or availability.
>How many active miners do you think were around in late 2009/early 2010. Too tough to guess. Probably over 100 but less than 5,000. >Laszlo himself said he was mining well over 1000 a day when he started. I don't doubt that. When he first started it's quite possible there were less than 10-20 people mining. But we're not talking about when he first started, we're talking about after the first pizza purchase. I'm not arguing that he wasn't able to mine another 10k btc (and more) after the first pizza purchase, just that he wouldn't be able to do it in a few days. A few weeks or months is more realistic. Even if he had 5% of the total hashrate (unlikely for May 2010) he would still only be mining ~350 btc per day, on pace for 10k every 28 days or so. Now, fast forward a few months in later 2010 & his hashrate jumped significantly when he was one of the first to begin GPU mining. At that point he did have a disproportionate share of the total hashrate & it's possible he could have jumped to 10% or more. However, that's still a far cry from 50% which would be required to mine 10k btc in a few days.
I don't disagree, I hate the idea that big CEX like Coinbase and Binance have so much custody over ETH. But I wouldn't say that PoW mining centralization is that much better. The top 3 pools together control 57.9% hashrate. We don't know of those pools what % are large operators or individuals. [https://mempool.space/graphs/mining/pools](https://mempool.space/graphs/mining/pools) While imperfect, current thinking and research are that PoS networks is much more expensive to attack than PoW networks. [https://academic.oup.com/rfs/advance-article-abstract/doi/10.1093/rfs/hhaf013/8046666](https://academic.oup.com/rfs/advance-article-abstract/doi/10.1093/rfs/hhaf013/8046666) Personally, the "rich getting richer" thought around PoS networks doesn't make sense as an argument against it because PoW in modern times is essentially the same. Early adopters still hold the most BTC, and many have large established mining operations that they continue to invest their BTC gains into to keep hashrate up. If anything, PoW has funneled gains to ASIC/GPU manufacturers, as opposed to dApp ecosystems.
Is it far fetched? Just make sure you give miners highest revenue versus others. In Qubic this is possible because PoW for the network itself is not needed for its security directly. Qubic is interested in both CPU and GPU computing power. ASICs make no sense because algorithm will change very often. Regular hardwire will win, see it as BOINC but with profits. Anyone can now mine with your (idle) home computer and get some profit.
I feel like he still has many thousands of bitcoin and is doing all right. He invented GPU mining. Was probably hoarding all the bitcoin coming out at the time. Kind of a way of giving back a little piece of his pie. teehee.
Looking at the Qubic discord it seems they chose to mine XMR because its was one of the most complex to try and mine via POW and CfB stated if it was successful they would be able to mine any coin and also because it's heavily CPU mining. Apprantly there's a planned algorithm change in a month which will significant increase hashrate in favour of CPU mining rather than GPU. I've seen on X multiple posts over the last week where the hashrate has increased from 40mhs to now 150mhs. Its impressive to say the least and is looking more profitable than mining any other coins.
On May 18th 2010, a man named Laszlo Hanyecz posted a thread on the bitcoin forum saying that he would pay 10,000 BTC to anyone that would order him 2 large pizzas or cook & deliver him 2 large pizzas. Laszlo said he just wanted to “get food delivered in exchange for bitcoins where I don't have to order or prepare it myself, kind of like ordering a 'breakfast platter' at a hotel or something, they just bring you something to eat and you're happy!" Four days later, a man named Jeremy Sturdivant decided to take him up on that offer. On May 22nd 2010, Jeremy ordered Laszlo 2 large pizzas from Papa Johns and Laszlo sent Jeremy 10,000 BTC in return. This also wasn't the only time that Laszlo spent thousands of bitcoins buying pizza. Laszlo estimates that he spent 100,000 BTC on pizza in 2010. Laszlo is also the man that invented GPU mining and he mined well over 100,000 BTC in total. Laszlo said that he doesn't regret buying pizza with bitcoin. He said, “I think that it’s great that I got to be part of the early history of Bitcoin in that way.” Laszlo said, “I wanted to do the pizza thing because to me it was free pizza” and “I got pizza for contributing to an open-source project. Usually hobbies are a time sink and money sink, and in this case, my hobby bought me dinner.” **Jeremy Sturdivant later sold the 10,000 BTC that he received from Laszlo and used the funds to travel around the US with his girlfriend.** Jeremy said, “I had no idea how huge it would become”. But despite losing out on boundless riches, he said he is “proud to have played a part in the global phenomenon.”
The man that bought the pizza was Laszlo Hanyecz. Most people today, even Bitcoiners, don’t know that name, but he was the first miner to use a GPU (rather than a CPU).
This man is famous for those two pizza, but this man wrote the first code to mine btc with GPU instead CPU. Good pizza day to everyone
Lazlo is an absolute Bitcoin legend: • First ever commercial purchase using Bitcoin • Invented GPU mining • Invented mining pools • Fixed a hell of a lot of bugs in Bitcoin • Made the first version of Bitcoin Core for MacOS (capital M because that was their branding at the moment) • Purchased pizzas for 10K Bitcoin 3 more times after that.
Lazlo is an absolute Bitcoin legend: - First ever commercial purchase using Bitcoin - Invented GPU mining - Invented mining pools - Fixed a hell of a lot of bugs in Bitcoin - Made the first version of Bitcoin Core for MacOS (capital M because that was their branding at the moment) - Purchased pizzas for 10K Bitcoin 3 more times after that.
Why is it not decentralized? I can run a mining node from my computer and it doesn't require an ASIC or powerful GPU, just my CPU and I'm contributing to the network. It is cash because it is fungible and works like paper money. No one is going to know my transactions history or any other information.
"Laszlo is also the man that invented GPU mining and he mined well over 100,000 BTC in total" ... and people make fun of him for the pizzas. He's likely a millionaire now but good on him no one talks about it.
No highly unlikely, as one of the first people to GPU mine he likely had way more btc at one point than 100,000.
On May 18th 2010, a man named Laszlo Hanyecz posted a thread on the bitcoin forum saying that he would pay 10,000 BTC to anyone that would order him 2 large pizzas or cook & deliver him 2 large pizzas. Laszlo said he just wanted to “get food delivered in exchange for bitcoins where I don't have to order or prepare it myself, kind of like ordering a 'breakfast platter' at a hotel or something, they just bring you something to eat and you're happy!" Four days later, a man named Jeremy Sturdivant decided to take him up on that offer. On May 22nd 2010, Jeremy ordered Laszlo 2 large pizzas from Papa Johns and Laszlo sent Jeremy 10,000 BTC in return. This also wasn't the only time that Laszlo spent thousands of bitcoins buying pizza. Laszlo estimates that he spent 100,000 BTC on pizza in 2010. Laszlo is also the man that invented GPU mining and he mined well over 100,000 BTC in total. Laszlo said that he doesn't regret buying pizza with bitcoin. He said, “I think that it’s great that I got to be part of the early history of Bitcoin in that way.” Laszlo said, “I wanted to do the pizza thing because to me it was free pizza” and “I got pizza for contributing to an open-source project. Usually hobbies are a time sink and money sink, and in this case, my hobby bought me dinner.” Jeremy Sturdivant later sold the 10,000 BTC that he received from Laszlo and used the funds to travel around the US with his girlfriend. Jeremy said, “I had no idea how huge it would become”. But despite losing out on boundless riches, he said he is “proud to have played a part in the global phenomenon.” ##Happy Bitcoin Pizza Day!
The timing is really good actually. Akash does CPU compute, some others & Nvidia ofc doing GPU compute, so I could see Acurast could pick up a monopoly on mobile compute. Big for local AI inference, key to privacy, also on trend.
There are a few projects shipping real infra rather than hype. Saros on Solana has zero-slippage AMM and built-in farms all in one app, which cuts out a lot of manual setup. Ocean Protocol is building on-chain data markets for AI use cases, Render Network offers GPU compute in DeFi style, Helium’s IoT network keeps growing real-world coverage, and Aptos has a dev ecosystem that’s steadily onboarding new dApps. Those feel far from pump-and-dump schemes.
It won't be much, the oc will be loud and hot if you do. CPU mining is monero, you could use other coins but that would be the best overall imo GPU, Fark not much there and not for your situation. The PC will be slower to use if you mine and dual mine. Not worth it tbh.
There was another exchange which I used back then much more than mtgox and can't remember the name for the life of me. It also closed but I damn sure bought enough then to regret selling later at dumb prices 😞 so yea.. and then you could still line it rather easily comparatively... Probably get a decent stack by today's standards with a GPU
I heard about the wear on Hardware, but isnt it pretty much Limited to the GPU ? Thought thw CPU would be much more resistent to wear Like that
There is many good calculators online that you can estimate your profits based on your mining rig/GPU and electricity bill. But this is a bad idea unless you for some reason have extremely cheap/free electricity, which i doubt you do. Also dont use credit to buy this, youre NOT going to make 30$ a day on a 3000$ mining rig, youre more likely to make 3$ a day, if even that. I dont know what kind of disabilities you have, how old you are or what education you have, but if you dont want to/can’t get a job. Spend your time doing and learning something valuable, don’t max out your credit on something stupid like this, it will only dig your hole deeper. Alot of people, especially younger people are stuck on the «passive income» and «get rich quick» mindset. That end up relying on daytrading or dropshipping which in most cases doesnt work. There is countless possibilites for you, skills you can learn like (Video editing, AI, Coding, Math,Physics, etc this can be anything, focus on that, then you can start thinking about using that to make money.
Reminds me of winning CAL and TWL nationals for call of duty 1 and 2. Thanks for the T-shirt and GPU worse gpu than I already had.
It jumped 1800% from 2023 to 2024 and has had some great gains recently. Moved well with the market and is sub 1 billion market cap. Wouldn't be shocked to see a few billion market cap this year. Definitely looking into this one for sure. I read they are working on an app to lend GPU resources from the PlayStation and be able to get more coin. I feel like that's the new way to bring GPUs back into crypto now that mining is dead. This project could explode honestly. Kinda nice to see something not shilled by bag holders and with tons of upside
Satoshi was actually quite worried about the introduction of GPU mining
There was a website called New Liberty Standard that started selling BTC on 2009-10-05. You were able to buy 1600 BTC from New Liberty Standard for $1 in late 2009. New Liberty Standard only accepted PayPal. Not to mention that the guy that bought the pizza was the guy that invented GPU mining and he literally mined well over 100,000 BTC. That wasn't even the only time he bought pizza with bitcoin. He spent over 100,000 BTC on pizza in the second half of 2010 alone.
in addition to mining a scam coin you are also wasting hashrate of a GPU that you could use for mining Ergo or Vertcoin...that's why GPU mining is struggling...because of these scams...for Vertcoin go to vertcoin.org and download OCM (OneClickMiner)...set the exception on your antivirus like for all mining software and start mining one of the few "serious" gpu powcoins left...and stay away from scams next time...
With free electricity, your biggest constraint becomes hardware efficiency. Honestly, Bitcoin is still the king if you can get your hands on a used or discounted ASIC like an Antminer S19. $5k won’t buy you a full farm, but it could get you started. Other options like Kaspa (KAS) have been popular for GPU miners lately, but GPUs generally have lower ROI and higher risk of obsolescence. ASICs are noisy and specific but far more efficient. Just keep in mind, even with free power, mining isn’t risk-free (maintenance, hardware lifespan, market fluctuations)
SUI, PEPE, SUPERVERSE, & a couple AI coins. I like GPU & HashAI. ANDY(Base) is another meme coin I like alongside PEPE.
I remember when it was $27, seen it in a overclocking forum, on the used GPU classifieds page. Guy offer someone 3btc and like $45 for a used GPU. I looked up what BTC was and thought man that's sounds stupid. Boy was I wrong 😂.
Buy, if you time it just right have cheap electricity and get lucky you might come out slightly ahead mining, but almost guaranteed that increasing difficulty will kill your ROI. However, where you really lose out is the manhours invested are never recouped. The excitement is fun, the frustration is frustrating. Source I mined 2017-2020 with some bitmain asics and a butt ton of GPU’s. I basically ended up with the same amount of crypto as would have if I just bought. God knows how many hours I spent obsessing about overlocking and under volting and dealing with broken fans and bad boards that needed to be replaced.
700.450.992.154 years (remember u are competing with Monster GPU Farms - it like lottery 1:1 Troll to hit a block with that)
GPU mining viability was on its last legs around the same time COVID hit. GPU mining exploded around that time because people lost their jobs and tried to find a passive source of income, which profited GPU scalpers way more than anyone actively mining BTC.
An email from Satoshi to Lazlo, that inspired the first of many, pizza transactions. They communicated regularly while collaborating on the project in the early year, and this was the most notable regarding not hoarding btc, and spending/gifting it: *A big attraction to new users is that anyone with a computer can generate some free coins. When there are 5000 users, that incentive may fade, but for now it’s still true. GPUs would prematurely limit the incentive to only those with high end GPU hardware. It’s inevitable that GPU compute clusters will eventually hog all the generated coins, but I don’t want to hasten that day. If the difficulty gets really high, that increases the value of each coin in a way since the supply becomes more limited. The supply is the same: 50 coins every 10 minutes. But GPUs are much less evenly distributed, so the generated coins only go towards rewarding 20% of the people for joining the network instead of 100%. I don’t mean to sound like a socialist, I don’t care if wealth is concentrated, but for now, we get more growth by giving that money to 100% of the people than giving it to 20%. Also, the longer we can delay the GPU arms race, the more mature the OpenCL libraries get, and the more people will have OpenCL compatible video cards. If we see from the difficulty factor that someone is using too much GPU, we can certainly pick this OpenCL stuff up again then. Maybe my effort to maintain GPU innocence is running out of time. It’s worked out so far. Satoshi* It is meant to be spent. If you are going to tip people anyways, why not just match the tip in a new purchase on the back end.
The internet's native "money protocol". Coinbase is resurrecting a 90s era HTTP spec and wiring it to stablecoins. No SDK hell, just headers. And the fact that is running on blockchain rails is obfuscated (this is how it was supposed to be) • Sub-cent fees, ~2 sec settle time. • Built-in auth, no API keys. • Works for browsers, back-ends, and AI agents. Credit-cards can’t price below $0.50. Dollar-denominated $USDC fixes that. The use cases are endless: - Pay-per-request LLM endpoints - Paywall for LLM data scraping - Streaming APIs billed by the byte - Agentic commerce: agents that buy data or GPU cycles on the fly - IoT devices settling power & bandwidth in real time Coinbase is planting a flag in the protocol layer of the new internet economy. https://x.com/ai/status/1919803757212418515?s=46
Thanks for the thoughtful reply. A few critical clarifications: 1. **Historical lessons matter.** Bitcoin Gold halved in 2018 and 2020—then immediately suffered 51% attacks, lost ≈$18 M, and saw its price collapse by >98% . Ignoring these precedents risks repeating them. 2. **State reserves won’t underwrite perpetual losses.** Sure, governments hold BTC, but subsidizing mining at a loss (via taxes) undermines decentralization and creates systemic counterparty risk. 3. **External hashpower is orders of magnitude too small.** Bitcoin’s network runs at \~\~900 EH/s. Even if an attacker pooled every GPU/ASIC outside the network, you’d struggle to exceed \~\~1 EH/s—nowhere near the 50% needed for a 51% attack. 4. **Difficulty lag still creates a fatal window.** When 20–30% of hashpower drops off post-halving, that \~2-week window before difficulty readjusts is prime time for attackers [Yahoo Finance](https://finance.yahoo.com/quote/BTC%3DF/history/?utm_source=chatgpt.com). If you have counter-data—specific exahash figures or historical refs showing otherwise—please share links. Otherwise the math and history stand. *P.S. I’m using AI as a translator since my native language is Russian.*
Mining in 2025 unfortunately reveals a stark economic reality that's anything but playful. The days when individual miners could generate meaningful profits have long vanished, with mining economics now heavily favouring industrial-scale operations that command preferential electricity rates (often below $0.03/kWh compared to residential rates exceeding $0.20/kWh) and deploy millions in specialised hardware. Your $6 weekly GPU mining experiment perfectly illustrates this imbalance; to reach even $100 daily, you'd need approximately 8-10 high-end ASIC miners costing $50,000-80,000 upfront, plus industrial electrical infrastructure, advanced cooling systems, and maintenance-all while competing against operations where 10% of miners control 90% of capacity. Following the 2024 halving, which reduced block rewards to just 3.125 BTC, mining costs now exceed $137,000 in electricity alone per Bitcoin, making your decision to return the equipment financially prudent. The mathematics simply don't work for individual miners anymore; you're far better off directly purchasing cryptocurrency, eliminating operational costs, hardware depreciation and electricity expenses while achieving better risk-adjusted returns.
I mined just from my GPU for fun and that was only earning about $6 a week, so how much more would this machine i was looking at do for me?
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The profitability to mine with a CPU or GPU is just one single factor in the security of the network and for the overall health of the project generally.
I checked profitability of coins to mine nowadays, and XMR have some sense only, ofc its not 2017 and its not easy money anymore but still funny that you arent immiedietly on minus. This is why I wonder to which extend its ASIC resistant. I couldnt find any coin which have any sense to mine with CPU or GPU only XMR this says something.
I’m an early adopter for most things, when I first read about it and knew very little it sounded like a great idea but it took me quite some time to buy in as I just didn’t get the whole exchange thing, I even had mining rigs that ran FAH because I thought it was great to give that compute to charity and head my house for free, it was some time later I discovered nice hash and by then GPU mining was not possible on SHA256.
dude, before AI there was a big hype on GPU for mining. Before bitcoin had ASIC miners, you could use an NVIDIA GPU, like around 2011-2014. The AI datacenters were not around back then Also before ETH moved to POS, it was mostly GPU mined.
AI coins IMO will pump hard if this bull run gets going DSYNC, GPU, PALM, PIN, PAI
My friend bought a GPU with his lol 🙄
Is that why during Covid all the high end cards got snatched up for mineing rigs and Shorty after the crash of 2021/2022 the high end cards started flooding the market…GPU mineing is very viable can the average person do it NO but can 20 $1000 3080’s mine Bitcoin as part of a pool you bet
You must be joking. GPU mining for BTC ended 10 years ago.
Sell the GPU, get an ASIC (and earplugs).
He invented GPU mining (the first to do so). He had a lot of btc.
My 10c from real world. In graphic designing there are a few AI tools that can be used locally to generate complex animations. The problem is that it only works on one GPU. So you need the best GPU available to have enough ram to generate it. Dividing the workload is not possible. I don't know the specifics, but it shows that for complex AI processing, the throughput between the singular processing units is very important. So pooling together distant computers is not viable
Trial and error. With a powerful GPU rig (or cloud computing hardware that you rent) you can generate millions or billions of random addresses until by chance you get several with similar or equal starting and final characters, of course it's impossible to find and address with more than 12 matching characters or so, but in this case with 4 matching characters at the beginning and 4 matching characters at the end it was enough to fool the user...
At one point when I had all my antimers and GPU miners I used to get 1 BTC per day when nicehash rates were high. That was when bitcoin was £400 per coin
This. Definitely less than 100. Even in 2011 you needed terahashes of power to reach 100 coins in a short time. It is possible he was mining quite a lot if he was building out his rig and he had backers, doesn't look like he did though, just personal mining...I was a mining in 2012 and eventually had a few antminers on the go in my flat (roughly 1TH/s each)...it was possible to mine a decent chunk of change back then. In total across cloud mining, GPU mining and ASIC mining I had around 50TH/s...I was funded by investors though so most of the Bitcoin didn't go to me...there was massive buzz around Bitcoin, even then, amongst investors but it was much harder for them to invest in mining (because there weren't that many of us that knew how to setup the kit and scale, it was a lot more niche back then)...trouble is, investors back then were extremely skittish as well...every time Bitcoin had a small dump, someone would pull out...then eventually we had quite a big dip and all of them pulled out. In total I managed to mine for about 18 months. The other weird thing back then is investors wanted to be paid out in dollars...not Bitcoin...so I managed to keep around 80% of the coins I mined and just farmed out dollars...the agreement at the time was that I estimated the average price for a year and averaged out the payments...so I actually ended up paying out a lot less than the coins were worth, but I mined for long enough that all the investors got out with a bit of profit. Some of my investors had crazy ideas back then, there was one chap that used the down payment for a car to invest, then used the proceeds to pay for a car. Investing in mining was his way of getting a "free" car...it sort of worked until he shit the bed and panicked when the price crashed...nobody knew back then that large dips were temporary, they simply shit themselves and assumed Bitcoin was dead. I have hardly any left now, because over 13 years it's pretty difficult not to gradually bleed it out because life happens, you can't go 13 years and do nothing with your stack, you're essentially throwing 13 years of your life away at that point, for nothing, I had a very good decade on the back of mining and I wouldn't change a thing...I was in my late 20s, so on the precipice of life heating up for me, I'm now married with three kids. I'd imagine anyone mining in those days only has a tiny fraction of their mining return left...I mean it makes sense because if all the OG miners held their coins and never sold a single sat, Bitcoin would not be in the hands of regular folks, we'd have nothing in circulation. The only way Bitcoin is minted is through mining, and the only way for it to get into circulation is if miners sell it...and of course, early investors...who were the guys that mostly got fucked by banks seizing their returns...I know a few investors of mine got fucked that way. I had one or two that wanted to be paid out in Bitcoin, they sat on it for years then on the advice of their financial advisors, sold it all in one go...they came to me to ask for proof that I'd mined the coins (which I did) and that I converted them to USD (which I didn't, so couldn't prove it). No idea if they ever got the money, but given the time, I highly doubt it. Also, it was a different world back then. Most of us were into mining because it was fun and interesting...very few of us imagined that Bitcoin would be where it is today. Most of us thought that Bitcoin would become pretty widespread, but none of us had any clue what it might be worth.
ETH is not easy to produce. You need 32 ETH minimum as a validator. The validator computers have to be configured properly and require infrastructure: building, electrical, internet. If the validator is configured improperly the staked ETH could be slashed. It's more difficult to configure an ETH validator than plug in a BTC ASIC appliance. It was also more complicated to assemble and configure an ETH GPU mining rig when it was POW than install and plug in an BTC ASIC appliance. And every 4 years, the miner block rewards half. In 20 years, the reward will be 1/32. Then transaction fees are supposed to secure the BTC network. But BTC can only do 5-6TPS realistically. It is not guaranteed that the BTC POW model will be sustainable.
For mining BTC, you’re going to want an ASIC. There is GPU mining but it’s mostly unprofitable right now - unless you have cheap to free electricity. Some CPU is profitable but not really even worth the wear and tear on your machine. If you’re willing to mine at a loss for awhile and accumulate - it’d be a cool little side gig to stack.
Honestly, I don’t really spend any of my crypto right now. I mostly treat it like long-term savings and just let it sit. Holding out for bigger value (hopefully and copefully). But some smaller coins I think have real-world potential but are still kinda underrated. [World](https://world.org/) coin (for ID/auth stuff), Render (digital content with decentralized GPU), and Ocean Protocol (for data sharing/privacy). Still early days, but that’s where I see utility growing.
no premine, no VCs, no shady deals. just open-source code and anyone with a GPU could mine from day one. way fairer than most coins. calling it insider-rigged without proof just sounds salty. lmao you should do more research bro
It makes no sense because your mind is too narrow. Early investors and the rich also get richer under a PoW system. They get the information first, have the capital to act on it, and get rewarded for building supply chains to control it. With a PoS validator, you only need capital and a minimal spec machine. That's a much lower barrier to entry than Bitcoin. CPU mining hasn't been a thing since 2013. GPU mining hasn't been a thing since 2016. The only ones "putting the hard work and labor in" are the Chinese companies that build 90% of the world ASICs and the three mining pools that make up 80% of the network.
No, it isn't, the POS is more centralized than ever. It's just a big boys game. For someone with $100 or $1,000, it's a waste of money doing Staking on Ethereum, since it has better returns on investment through other means. With POW, someone with a GPU Of $500 to $1,000 could be generating $0.5 to $5 OR 10$ a day, or more depending on the price and luck. Now with 1000$ staking they can get something between 30 and 50$ a year?
No, now AI is leading to GPU shortages.
Apparently, I have to spell this out in detail since my original was confusing. Ethereum’s shift from Proof of Work (PoW) to Proof of Stake (PoS) was a major misstep that damaged the broader crypto ecosystem. ETH was once the silver to Bitcoin’s gold, with both offering PoW and allowing regular people to participate through mining. When Ethereum abandoned mining, it took that opportunity away from everyday users running GPU rigs and handed it to the wealthy few already holding large amounts of ETH. Now it’s just a staking game for whales. That decision also left Bitcoin’s ASIC mining as the only major mining option, a space already controlled by large, centralized operations. Ethereum had been the last major project where an average person could realistically get involved with consumer hardware. That’s gone. The most exciting, accessible part of crypto, grassroots mining, is now dead. On the bright side, gamers can finally buy GPUs again, so there’s that. But overall, this was a huge loss for participation, decentralization, and the core ideals crypto was built on.
I know how long GPU mining lasted. I used to do GPU mining as well. it would not have looked like that forever, even without PoS. ASICs did in fact appear, and if given enough time they would have been so popular that you would see the whole thing being controlled by ASIC farms next to hydroelectric dams etc. even now with monero being so ASIC resistant that you can only use a CPU, I still can't make any money trying to generate because I don't live near cheap enough electricity. it didn't used to be like that but now the hashrate is too high for small people playing with their computer in big chunks of the world. as PoW naturally progresses, more and more people get excluded over time.
Not in Bitcoin. But Ethereum was full of people in developing countries mining with 1 or 2 GPUs. Anyone with any gaming PC could participate and receive rewards. I mined Ethereum for 5 years with 12 gpus. It was full of people mining, many communities, and many people involved with Ethereum through GPU mining. You're missing my point, about how many people were participating in the network. It was full of mining pools, and I don't know anyone mining now being involved in staking.
PoS was the biggest mistake. PoW made the ecosystem hum with at home GPU miners, even if contributing very little to the network in hash power they create a lot of discussion and excitement generating new projects on the blocktrain. I used to mine during COVID and it was a fun hobby and I would talk about the $1-6/day I was making mining, more than I talked about my day job.
PoS Eth was the reason home PC GPU mining was a thing. Not you can't make any good gains with your home PC
proof of work doesn't empower everybody who wants to participate. it only empowers people who have access to both mining equipment and cheap electricity. huge segments of the earth's population cannot do mining at home and make any money. proof of work leads to geographic centralization. and those same GPUs are vulnerable to ASICs taking over. recall at the tail end of the PoW era ASICs started to appear. any PoW that can be done on a GPU will eventually be done on an ASIC. proof of work eventually turns your cryptocurrency network into a load balancer for electrical grids. that's nice and all and it seems like it could be useful, but to say that it empowers people from all walks of life is just wrong. more than anything it excludes people from participating. additionally, you don't need to own 32 ETH or any validator equipment to benefit from staking because there are decentralized liquid staking derivatives.
At least it's not leading to GPU shortages anymore *cries in Nvidia first-party scalping*
The salt is stored with the hash. Its purpose is not for increasing brute force. It's for defeating rainbow tables A GPU would run faster than 150 But do we know which hashing algorithm is used by Atomic?
GPU overheated from mining crypto. 3090. Used my MSI Claw in those 8 months.
I don’t know why everyone is so negative or if they read it wrong, but if I read it correctly, you got a 10 digit numeric long password? Bruteforcing that with and high end GPU (4090+) would take 2-3 weeks lol. So depending on the amount on your wallet thats actually considerable, if you find someone with multiple high end GPUs, you can even shorten the time needed to bruteforce that numeric 10 digit long password
I was around and a developer in 2009-2011. Tried to figure out how to buy BTC for fun in 2010, but never manged to understand how to get a wallet and how to buy and transfer the BTC back then, so I just gave up when I found myself having to read through Git repositories for code that allowed wallets and trading. In late 2012 I tried to BTC mine with a GPU, went somewhat okay, but miniscule BTC made, so did math on one of the first ASICs that came out, but the elec prices in the EU country I was in at the time was too high for the current BTC to make it go around. So gave up again and in less than a year the 2013 boom triple BTC but I had moved on and focused on other things. So many BTC/ETH regrets. Hope it works out for all you guys!
For the basics, YouTube is your go-to. Whiteboard Crypto and Coin Bureau have deep-dive content, but it's not hard to understand, very useful. Then start with coins like Bitcoin and Ethereum to get how these big networks work. For smaller coins with potential, I like [World](https://world.org/) (for its identity layer) and Render (for thedecentralized GPU rendering), but you can find whatever you like and believe in long-term. And honestly, just avoid meme coins and anything promising insane returns. At least at the start! For apps, try Coinbase or Kraken for buying and CoinMarketCap or CoinGecko for research. No "best" time to start, just dollar-cost average and learn as you go. Good luck!
For the basics, YouTube is your go-to. Whiteboard Crypto and Coin Bureau have deep-dive content, but it's not hard to understand, very useful. Then start with coins like Bitcoin and Ethereum to get how these big networks work. For smaller coins with potential, I like [World](https://world.org/) (for its identity layer) and Render (for decentralized GPU rendering), but you can find whatever you like and believe in long-term. And honestly, just avoid meme coins and anything promising insane returns. At least at the start! For apps, try Coinbase or Kraken for buying, and CoinMarketCap or CoinGecko for research. No "best" time to start, just dollar-cost average and learn as you go. Good luck!
Minting out of thin air? Kaspa was fair launched and only mineable with GPU for the first 70 percent of its supply to for decentralization. Kaspa is also not a store of value its to be used as digital cash and on top of that enable smart contracts so it will be endgame to solana and ethereum. Nothing since the creation of Bitcoin, Monero, and ethereum compares to Kaspa
Mining with your current setup (3080ti + 5600x) could still earn you something, but it likely won’t be worth the electricity costs unless you find a smaller, lesser-known coin that’s still GPU-mineable (like Kaspa or Nexa). But even then, returns are pretty low unless you’re mining at scale or have free electricity