Good news for video card prices perhaps?

[scannall]

Looks like crypto currency is tanking. About time. So maybe the rest of us can buy a GPU fairly soon.

WSJ article

 

[EXCellR8]

fingers always crossed for the day BC is worth zero. enough is enough.

 

[bsp2020]

I don't think GPU supply situation is going to change in a meaningful way unless ether falls below $600 and I don't see that happening "fairly soon". Even after dropping more than 50% (in the case of Bitcoin) from its peak, its price is 10x higher than a year ago. ETH is also 8x higher than a year ago. If my stock investment performed like that, I'd be dancing in the street with joy...

Then again, a lot of people bought them when the price was shooting up crazy. So, you never know....

 

[AdamK47]

I want to see Ethereum tank. At least to unprofitable mining levels.

 

[BFG10K]

The best solution is for governments to ban crypto-currency. The whole thing is a scam, the monetary equivalent of social media. Each of those coins is nothing more than a "like" and a "share".

 

[scannall]

The best solution is for governments to ban crypto-currency. The whole thing is a scam, the monetary equivalent of social media. Each of those coins is nothing more than a "like" and a "share".

More of a pyramid scheme than anything. While I'm not a big fan of things being banned, this is something that should be.

 

[wege12]

The best solution is for governments to ban crypto-currency. The whole thing is a scam, the monetary equivalent of social media. Each of those coins is nothing more than a "like" and a "share".

More of a pyramid scheme than anything. While I'm not a big fan of things being banned, this is something that should be.

No offense guys but it sounds like you don't understand cryptocurrencies at all. Most are not a scam and Ethereum actually has some technology behind that could change the internet as we know it today and the way business is done in the financial world and many other things. I would suggest you research it a bit to understand some of the real world problems these cyrptos are attempting to solve. You should never ban something just because you don't understand it.

Also, Ethereum is planning to change to POS (proof of stake) within a year which will remove mining for ether.

 

[WhoBeDaPlaya]

More of a pyramid scheme than anything. While I'm not a big fan of things being banned, this is something that should be.

What, we shouldn't be lining up to buy some Amway products?

 

[Ranulf]

More of a pyramid scheme than anything. While I'm not a big fan of things being banned, this is something that should be.

Just like fractional reserve banking, easy credit and printing money out of nothing.

 

[Kenmitch]

Not sure what will come of it....

https://wccftech.com/samsung-mining-chips-manufacturing/amp/

Maybe it'll take some pressure off the supply chain?

 

[topmounter]

Apparently Nvidia and AMD are taking a bit of a hit on Wall Street due to the expectation that video card demand (for mining) will decrease. It would be interesting see what happens if the Chinese miners start dumping video cards on eBay (if not mining rigs in the entirety).

 

[topmounter]

No offense guys but it sounds like you don't understand cryptocurrencies at all. Most are not a scam and Ethereum actually has some technology behind that could change the internet as we know it today and the way business is done in the financial world and many other things. I would suggest you research it a bit to understand some of the real world problems these cyrptos are attempting to solve. You should never ban something just because you don't understand it.

Also, Ethereum is planning to change to POS (proof of stake) within a year which will remove mining for ether.

There is potential for good of course, but the hype is being exploited right now. Hopefully crypto currencies can abandon the proof-of-work model sooner rather than later. There are far better ways to expend (or preserve) finite material resources than PoW crypto mining.

 

[Roger Wilco]

Should be fun to see how low prices go on used cards. I wonder if AMD will even bother to release anything like a Vega refresh until Navi?

 

[n0x1ous]

Should be fun to see how low prices go on used cards. I wonder if AMD will even bother to release anything like a Vega refresh until Navi?

doubtful.....they will carry on in 2018 with polaris and vega on 14nm

 

[Lordhumungus]

The thing that I'll be really interested to see is if it varies heavily by region. My understanding is that a huge amount of these cards are in China (although to what ratio I'm not sure anyone really knows), so I wonder if that will impact their ability to sell to people in the US who just don't want to risk getting ripped off and/or purchasing what was very likely a mining card.

 

[GagHalfrunt]

No offense guys but it sounds like you don't understand cryptocurrencies at all. Most are not a scam and Ethereum actually has some technology behind that could change the internet as we know it today and the way business is done in the financial world and many other things. I would suggest you research it a bit to understand some of the real world problems these cyrptos are attempting to solve. You should never ban something just because you don't understand it.

None of you understand any currency let alone cryptocurrency. ALL currency is faith-based. A dollar bill or a Euro coin or an Amazon gift card have no intrinsic value on their own. They're worth what they're worth based on the belief that they're worth that amount. You accept cash because you have faith that the cash can then be exchanged for something else. Cryptocurrency is no different. A bitcoin is worth what the market says its worth. The only difference is volatility. While most normal currency is old and settled and doesn't change in value much if at all on a day to day basis Bitcoin is like a currency and the stock market rolled into one. It can increase of decrease in value wildly like a stock. But deep down, it's just like any other currency. You can spend it because the person accepting it believes that they can then spend it too. If the faith fails the currency fails and a hell of a lot of traditional "hard" currencies have failed and become nearly worthless when the faith in them dried up.

 

[ub4ty]

No offense guys but it sounds like you don't understand cryptocurrencies at all. Most are not a scam and Ethereum actually has some technology behind that could change the internet as we know it today and the way business is done in the financial world and many other things. I would suggest you research it a bit to understand some of the real world problems these cyrptos are attempting to solve. You should never ban something just because you don't understand it.

Also, Ethereum is planning to change to POS (proof of stake) within a year which will remove mining for ether.

You don't get to scam the world, destroy affordable computing, build a store of wealth and then decide you want to convert to being a normalized steward of society. The reputation of all crypto currencies proceed them. What you define is akin to robbing grain stores and then pretending like you're robin hood as you dole out parcels of it. Next time you decide to create an innovative technology that helps the world... try doing it from the start. Not after you've plundered and squandered the opportunity.

No one has to do research to understand that something is a fundamental scam. A viable currency is one that neither increases nor decreases in value. Protections are such that neither is promoted. Forex is such that conversation rates remain relatively stable not soar and then play pretend good citizen based on who has the most cash to provide [proof of elite influence over those w/o it]. In both forms, this is a system of oppression no better than what it claims to best.

Embedded in all crypto currencies are enhanced surveillance technologies that explicitly destroy privacy. Embedded is the capability to further restrict commerce dynamically and arbitrarily.

Whereas, at the end of the day, nothing of value is provided. Paypal/Square offer far better fee structures, speed of transaction, FAIRNESS (no idiotic conversion rates : what you put in is what you get out), enablement of commerce for small businesses, and global transactions. The revolution in finance already occurred legitimately. Crypto currencies are wolves in sheeps clothing that bait people in with the allure of quick money extracted from bigger fools who arrive late to the game. Then after they've established a store of value, comes to conversion to [proof of stake : The rich and deep pockets maintain ultimate influence].

Crypto currencies are neither technologically innovated. They are not socially beneficial. They are aimed at destroying privacy and freedom and they preserve the same unfair structure which favors the rich and opportunist over the producers of the world.

For these reasons, it's going to zero. It's going to zero because there is no longer any room in the world for such broad based abuses of people's humanity. There is no longer any excess to continue to fork off to the non-producers of the world. There are an ever dwindling amount of resources that man kind must use intelligently and efficiently. The masses and intellects need to focus on higher minded priorities not how they can scam wealth out of thin air... And the precious technology that we have been progressing to for ages no longer can be wasted on idiotic financial trickery. Instead, it should be pointed to the stars and the far out horizons of existence.

Enjoy your decline. Through careful observation, it's been made clear that not a single individual or group involved in this nonsense has any integrity or good will aimed at broader man kind. Funny enough, this has the same characteristics of Carbon Tax Credits. Made for/paid for and forwarded by wallstreet.

https://www.crunchbase.com/organization/coinbase
Founders
Brian Armstrong, Fred Ehrsam
https://www.crunchbase.com/person/fred-ehrsam
Fred is co-founder of Coinbase. He's been named to both Forbes 30 Under 30 and TIME Magazine's 30 Under 30 Who Are Changing the World.

Previously, he was a foreign exchange trader at Goldman Sachs in New York where he traded and managed Goldman’s electronic market making platform.

Fred has also analyzed portfolios at BlackRock, the largest asset manager in the world and worked in nanostructures research.

Revolution/Evolution for the good of humanity... Cool story. Just another financial scam ran by the same scammers that brought the previous crash... Many of which fled to Silicon Valley looking for ways to use technology to run the same scams... Data brokering/Crypto currencies...

Press 'S' to pay respects

 

[monkeydelmagico]

You don't get to scam the world, destroy affordable computing, build a store of wealth and then decide you want to convert to being a normalized steward of society.

Kinda harsh for a bunch of geeks who had some extra time and some spare computing power. I agree that there are some shady characters involved. There are also tens of thousands of victims who had/have NO idea what you are talking about and are just trying to make a quick buck.

Props though on your post. I liked it.

 

[EXCellR8]

who said it was a scam? the primary reason I want crypto dead is because of what it's done to the global hardware market and how it's using a lot of power to fund some pretty sketchy businesses--including behind the scenes on the dark net. there's no denying that it got pretty popular and that it directly affected sales of high performance graphics cards. telling retailers to stop selling to miners is silly because you can't enforce it at all; there's no way to tell were products will end up.

if manufacturers were that bent on stopping miners from grabbing up all of the gaming cards, which they aren't, they could easily hard code a anti-crypto kill switch in the VGA BIOS but consumers would freak out and cry discrimination.

 

[swilli89]

You don't get to scam the world, destroy affordable computing, build a store of wealth and then decide you want to convert to being a normalized steward of society. The reputation of all crypto currencies proceed them. What you define is akin to robbing grain stores and then pretending like you're robin hood as you dole out parcels of it. Next time you decide to create an innovative technology that helps the world... try doing it from the start. Not after you've plundered and squandered the opportunity.

No one has to do research to understand that something is a fundamental scam. A viable currency is one that neither increases nor decreases in value. Protections are such that neither is promoted. Forex is such that conversation rates remain relatively stable not soar and then play pretend good citizen based on who has the most cash to provide [proof of elite influence over those w/o it]. In both forms, this is a system of oppression no better than what it claims to best.

Embedded in all crypto currencies are enhanced surveillance technologies that explicitly destroy privacy. Embedded is the capability to further restrict commerce dynamically and arbitrarily.

Whereas, at the end of the day, nothing of value is provided. Paypal/Square offer far better fee structures, speed of transaction, FAIRNESS (no idiotic conversion rates : what you put in is what you get out), enablement of commerce for small businesses, and global transactions. The revolution in finance already occurred legitimately. Crypto currencies are wolves in sheeps clothing that bait people in with the allure of quick money extracted from bigger fools who arrive late to the game. Then after they've established a store of value, comes to conversion to [proof of stake : The rich and deep pockets maintain ultimate influence].

Crypto currencies are neither technologically innovated. They are not socially beneficial. They are aimed at destroying privacy and freedom and they preserve the same unfair structure which favors the rich and opportunist over the producers of the world.

For these reasons, it's going to zero. It's going to zero because there is no longer any room in the world for such broad based abuses of people's humanity. There is no longer any excess to continue to fork off to the non-producers of the world. There are an ever dwindling amount of resources that man kind must use intelligently and efficiently. The masses and intellects need to focus on higher minded priorities not how they can scam wealth out of thin air... And the precious technology that we have been progressing to for ages no longer can be wasted on idiotic financial trickery. Instead, it should be pointed to the stars and the far out horizons of existence.

Enjoy your decline. Through careful observation, it's been made clear that not a single individual or group involved in this nonsense has any integrity or good will aimed at broader man kind. Funny enough, this has the same characteristics of Carbon Tax Credits. Made for/paid for and forwarded by wallstreet.

https://www.crunchbase.com/organization/coinbase
Founders
Brian Armstrong, Fred Ehrsam
https://www.crunchbase.com/person/fred-ehrsam
Fred is co-founder of Coinbase. He's been named to both Forbes 30 Under 30 and TIME Magazine's 30 Under 30 Who Are Changing the World.

Previously, he was a foreign exchange trader at Goldman Sachs in New York where he traded and managed Goldman’s electronic market making platform.

Fred has also analyzed portfolios at BlackRock, the largest asset manager in the world and worked in nanostructures research.

Revolution/Evolution for the good of humanity... Cool story. Just another financial scam ran by the same scammers that brought the previous crash... Many of which fled to Silicon Valley looking for ways to use technology to run the same scams... Data brokering/Crypto currencies...

Press 'S' to pay respects

Perhaps the most blatantly wrong and misguide post I've ever read during my time since circa 1998 on the internet. The majority of your statements are either outright lies or blatant misrepresentations. Anyways moving on.. Crypto's are the only savior we may yet have against fiat currencies. Read into the history of the Federal Reserve. It took an obviously orchestrated stock market crash to scare the public into allowing it to come into being.

 

[GagHalfrunt]

No one has to do research to understand that something is a fundamental scam. A viable currency is one that neither increases nor decreases in value.

Further proof that you don't understand any currency let alone cryptocurrency. EVERY "viable currency" on Earth increases or decreases in value every single day both against its own historical buying power and relative to other currency. Inflation makes a 2017 dollar less valuable than a 2012 dollar which had less purchasing power than a 1995 dollar. And every currency is exchanged for every other currency on the world markets. The dollar goes up against the Euro and down against the Yen, up against the Rupee, down against the Australian dollar, or vice versa every second the markets are open. A Canadian dollar is worth about .80 U.S. cents currently. In the past 5 years it's been worth as little as .70 cents and as much as a $1.05 U.S. How is it possible to not know that? Investors trade money like they trade shares in Apple or pork futures. Speculators buy or sell their positions like stock or commodity brokers, taking advantage of market fluctuations to try to make money by buying when it's low and selling when it's high. it's called arbitrage.

Bitcoin just fluctuates more violently.

 

[Despoiler]

This is one of the more ignorant and unhinged rants I've ever seen on the internet.

You don't get to scam the world, destroy affordable computing, build a store of wealth and then decide you want to convert to being a normalized steward of society. The reputation of all crypto currencies proceed them. What you define is akin to robbing grain stores and then pretending like you're robin hood as you dole out parcels of it. Next time you decide to create an innovative technology that helps the world... try doing it from the start. Not after you've plundered and squandered the opportunity.

By what measure was the world scammed? Was it crypto that "destroyed" affordable computing or supply and demand? Is affordable computing a guarantee or right? What you fail to include in your story is that those grain stores were historically held by feudal lords ie the powerful elite. Hence why Robin Hood type stories resonated with common people in the first place. Where is there a rule that technology must be perfect from the outset? Don't things like technology start from a nascent state and evolve?

No one has to do research to understand that something is a fundamental scam. A viable currency is one that neither increases nor decreases in value. Protections are such that neither is promoted. Forex is such that conversation rates remain relatively stable not soar and then play pretend good citizen based on who has the most cash to provide [proof of elite influence over those w/o it]. In both forms, this is a system of oppression no better than what it claims to best.

Actually you should do research on everything much like you should have done before posting this. Viable currencies simply have to be used as a medium for exchange. Where did you come up with a currency needing to neither increase or decrease in value? Crypto is generally expressed in relation to the US dollar like a lot of "viable currency" is. I don't think you've bothered to think this point through. Also do you think USD value doesn't change relative to the price of goods and services. Just because $1 USD is $1 USD is immaterial because it's value ie it's buying power changes based on the price of the goods and services it can procure. It doesn't matter if the currency stays the same or the prices fluctuate. It's just one side of and equation or the other. Forex doesn't guarantee anything though. You act like nothing before crypto has drastically increased or decreased in value, which is laughable. Crypto isn't claiming to be a system to break oppression. It does disrupt several industries where fee structures are conveniently similar across competitors.

Embedded in all crypto currencies are enhanced surveillance technologies that explicitly destroy privacy. Embedded is the capability to further restrict commerce dynamically and arbitrarily.

Umm what? Please tell us how the illuminati are behind crypto. If you aren't that crazy then please tell us how crypto has more surveillance that cash? [/quote]

Whereas, at the end of the day, nothing of value is provided. Paypal/Square offer far better fee structures, speed of transaction, FAIRNESS (no idiotic conversion rates : what you put in is what you get out), enablement of commerce for small businesses, and global transactions. The revolution in finance already occurred legitimately. Crypto currencies are wolves in sheeps clothing that bait people in with the allure of quick money extracted from bigger fools who arrive late to the game. Then after they've established a store of value, comes to conversion to [proof of stake : The rich and deep pockets maintain ultimate influence].

I think you are probably only using the friends and family option for money transferred by Paypal. It's far, far cheaper to send money, across the world no less, than it is to use Paypal or any other established commercial bank. Speed of transaction isn't that bad with crypto. Most banking institutions like Paypal hide their transaction process by covering the transaction while it completes. Hence why your bank account is linked. You didn't know this? Crypto is the actual transaction and its faster than a Paypal transfer. If Crypto is a wolf in sheeps clothing then what is the traditional financial system? A wolf in wolf's clothing? How is this a point? There is no bait with crypto. The same motivations exist on the stock markets. What exactly is your point?

Crypto currencies are neither technologically innovated. They are not socially beneficial. They are aimed at destroying privacy and freedom and they preserve the same unfair structure which favors the rich and opportunist over the producers of the world.

I'm positive that crypto is "technologically innovated." Who says something has to be socially beneficial? How does crypto destroy privacy and freedom? I've not noticed either happening. No one I know has either. I don't think that the same unfair structure exists. What major brokerage and investment houses were involved in any crypto from it's inception? None. How is that preservation. The first people into something are usually the beneficiaries of the proceeds. Why should you be given anything that you aren't even involved in?

For these reasons, it's going to zero. It's going to zero because there is no longer any room in the world for such broad based abuses of people's humanity. There is no longer any excess to continue to fork off to the non-producers of the world. There are an ever dwindling amount of resources that man kind must use intelligently and efficiently. The masses and intellects need to focus on higher minded priorities not how they can scam wealth out of thin air... And the precious technology that we have been progressing to for ages no longer can be wasted on idiotic financial trickery. Instead, it should be pointed to the stars and the far out horizons of existence.

I'm not sure you've established any abuse of humanity. No one is getting dragged to the Hague. Furthermore you actually thing this world has somehow cross the threshold from abuse by the powerful over the less powerful? Not that crypto is that. Are you serious? I agree with your next sentiment that humanity should focus on preserving ourselves given the tenuous nature of our existence, but attaching crypto as a major player in preventing that is just silly. The powerful people in powerful positions that care not for anyone, but themselves are the issue. You should be rally against them first and foremost.

Enjoy your decline. Through careful observation, it's been made clear that not a single individual or group involved in this nonsense has any integrity or good will aimed at broader man kind. Funny enough, this has the same characteristics of Carbon Tax Credits. Made for/paid for and forwarded by wallstreet.

Wait I thought we weren't supposed to do any research? Observation is research. It hasn't even remotely been established that literally everyone involved is corrupt. In fact it's just silly to claim that. Perhaps your research is lacking? Carbon tax credits actually are a good idea with one failing. The system never awarded intrinsic value to the things we should be preserving like rain forests, clean rivers, untouched lands, etc? Without that there is no incentive to save anything. Huge failing.

https://www.crunchbase.com/organization/coinbase
Founders
Brian Armstrong, Fred Ehrsam
https://www.crunchbase.com/person/fred-ehrsam
Fred is co-founder of Coinbase. He's been named to both Forbes 30 Under 30 and TIME Magazine's 30 Under 30 Who Are Changing the World.

Previously, he was a foreign exchange trader at Goldman Sachs in New York where he traded and managed Goldman’s electronic market making platform.

Fred has also analyzed portfolios at BlackRock, the largest asset manager in the world and worked in nanostructures research.

Goldman Sach is abhorrent as a whole, but a person that knows how to create and run trading platforms isn't the guy that perpetuates anything that Goldman Sachs may or may not have done. It's a tool. It doesn't provide influence. Legally it can't.

Revolution/Evolution for the good of humanity... Cool story. Just another financial scam ran by the same scammers that brought the previous crash... Many of which fled to Silicon Valley looking for ways to use technology to run the same scams... Data brokering/Crypto currencies...
Press 'S' to pay respects

Again you've established none of what you've said.

 

[William Gaatjes]

You know what i find interesting, crypto currencies apps are there ( I have seen people trade, buy and sell with their smartphones) that allow to sell and buy crypto currencies based on their momentary value. They can be sold and bought like other valuta now. In the end, cryptocurrencies will not be any different than stocks or valuta trading as is done in wall street.
So, cryptocurrencies are praised as not being subject to manipulation as our every day valuta is and stocks are, but that is not the case.
It is not true.
It is not just mining, it is being traded, bought and sold as a commodity. Changing the momentary value.

 

[Headfoot]

The best solution is for governments to ban crypto-currency. The whole thing is a scam, the monetary equivalent of social media. Each of those coins is nothing more than a "like" and a "share".

The best thing would be for the government to ban cars. Internal combustion is a scam, the equivalent of driving around bombs. The horse and buggy is here to stay

 

[William Gaatjes]

Here is for example one such company that sells/buys/ accepts bitcoins.
https://www.bitkassa.nl/

coinmarket app : capp
https://coinmarketcap.com/
https://play.google.com/store/apps/details?id=com.kyriakosalexandrou.coinmarketcap&hl=en

Another:
https://www.coinbase.com/?locale=en