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sethnintendo on 09 April 2014
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torok said:
sethnintendo said:

AMD is making a killing from the scrypt miners and gamers. Miners are buying AMD cards while shunning Nvidia cards. If I had some spare money I would probably invest in AMD stock.


Miners are moving away from GPUs. Asics currently manufactures special devices with the entire Bitcoin mining algorithm implemented directly in hardware delivering the performance of several GPUs consuming 100w. That miners are a beast for that specific application. 

Of course, there isn't a dedicated hardware for each digital currency, but the bigger ones are already being dominated by these guys.

The Litecoin Asics aren't out yet so people are still using GPUs for those.  Plus not everyone can afford them (Knc miner Asics go for around 10k).  Eventually the Asics take over but right now people are still buying GPUs to mine with.  Eventually fewer people will do this when Asics take over but right now there are so many different alt coins that GPU mining still exists.  I'm sure most of these alt coins will die off but there should be a few that make it.