AntMiner Or GPU Miner?

[Jhem]

Hello,

Can I have a question, what is the best to be used as a miner? Can I use AntMiner to mine a ethereum?

[Allura]

Hello,

Can I have a question, what is the best to be used as a miner? Can I use AntMiner to mine a ethereum?

I think you need to take a look at this site. Will help you answer your question.
https://www.cryptocompare.com/mining/#/equipment

Sort by payback period.

Though I honestly think eth will ban asic miners in the coming future.

[Jhem]

Though I honestly think eth will ban asic miners in the coming future.

Why would you think that?

[Allura]

Why would you think that?

ETH was made to only be GPU mineable (so there could be true decentralisation). If ASIC's enter the ETH space, then only the rich or Chinese will dominate it the mining space.

[Jhem]

ETH was made to only be GPU mineable (so there could be true decentralisation). If ASIC's enter the ETH space, then only the rich or Chinese will dominate it the mining space.

I'm actually planing to use ASIC to mine ETH. (i'm not rich/chinese (just a 1/4 chinese)).
So, what is the best anyway?

[Allura]

I'm actually planing to use ASIC to mine ETH. (i'm not rich/chinese (just a 1/4 chinese)).
So, what is the best anyway?

If you look at the link i sent, its actually more beneficial to have a GPU mining rig. Plus GPU's are much more easier to sell when they become obsolete to mine with (because GPU's are used as a component in computers/gaming computers).

Also when I said chinese, I meant people in china. If you don't know, 60% of bitcoin mining is controlled by China. The idea of bitcoin was that everyone in the world could participate in mining. However, an ASIC costs 1k+ to buy (not a lot of people have 1k+ to spend purely on a miner). Therefore, the rich chinese, develop ASIC's and use it themselves more to gain profits. So bitcoin isn't as decentralised as ETH. Because with ETH, a lot of people can afford a GPU or have a GPU and can mine.

I'm not an expert in mining but you should consider a few things before purchasing.
1. Is it profitable (taking into account electrcity consumption which includes cooling costs vs profit).
2. How long will you break even from your initial investment (including cooling equipment).
3. Can I sell my miner easily when profit margins start getting too low.

[Bernard]

Allura basically covered anything. My two cents is they both have their pros and cons.

ASICS:
Pros: Mines much faster.
Cons: Expensive and hard to sell if mining becomes unprofitable.

GPUS:
Pros: Can be used for gaming and it's easy to sell.
Cons: Doesn't mine as fast as an ASIC.

[TechModz]

If your going to mine look into Fpga's the bitstreams are hard as hell to write though but with the right coin you can ROI a 4 card rig in about 1-2 months and as you mine sell those coins off into eth
(If you use a public bitstream the dev fee is EXTREMELY high so even though they are hard to write its best to learn and make your own)

[Allura]

If your going to mine look into Fpga's the bitstreams are hard as hell to write though but with the right coin you can ROI a 4 card rig in about 1-2 months and as you mine sell those coins off into eth
(If you use a public bitstream the dev fee is EXTREMELY high so even though they are hard to write its best to learn and make your own)

I think some people mine for the "investment". As in, they think one day the coin they are mining will blow up, rather than the mine and sell. Though I think that theory is sorta dumb. I agree with what you said, you should mine the most profitable coin (and if you're into it for the long term investment and the though of a coin blowing up, you can just buy it with the shit coin you just mined).

[mxivz]

Unless your planning on dishing out 4k for the Z9 go with GPU Asics are irrelevant RN just waiting on samsung for the new chips

[eduardom19811]

GPU mining it is better on long term thought

[Golden]

I used to do this back in the old days, preordered a shit ton of asic miners, used them for 3 months and sold them for full price or more on ebay. Easiest money I ever made, not sure if that will still work now.

[TechModz]

I think some people mine for the "investment". As in, they think one day the coin they are mining will blow up, rather than the mine and sell. Though I think that theory is sorta dumb. I agree with what you said, you should mine the most profitable coin (and if you're into it for the long term investment and the though of a coin blowing up, you can just buy it with the shit coin you just mined).

Exactly the only valid argument that ever comes up when it comes to mining the ****coins is always liquidity but honestly someones always looking to buy a nice inexpensive (Cough) Worthless (Cough) ****coin
(If they want to ROI in slow motion let them)