RIP Gamers, not even the 1080 Ti will save you now.

[VirtualLarry]

The 1000$+ listings you see are third-party resellers taking advantage of the limited supply and jacking prices up.

I assume, that those are "gullible n00b" prices, and that any self-respecting miner wouldn't pay that much for them. Not to mention, the horribly-long ROI for a $1000 video card, at $5/day. Over half a year to pay for itself, before you start to actually make a profit, except unless the coin's value keeps going up, then the difficulty increase is going to cause revenue to decrease over time, possibly lengthening ROI to quite a bit longer. Assuming that they make ROI, will they still be making enough to pay for the electricity at that point, and still turn a profit?

For a $300 video card that makes $3/day, that's pretty simple, around 3-4 months ROI.

 

[DrMrLordX]

I don't think that miners are flocking to online stores to lap up 1000$+ cards by the dozens. They simply sidestep the supply channels and get them directly from AIB warehouses. It isn't far-fetched to think that they have the connections(read $$$) to pull it off.

I would like to see evidence or hear confirmation that cards are being acquired in such a fashion. It's not to say that I disbelieve in the concept, it's just . . . nobody seems to have a smoking gun, or even a "where there's smoke, there's fire" correlation we can follow.

I know there are a lot of individual miners who do buy the hell out of consumer-grade cards for mining, and there was at least one reddit poster that infamously was trying to sell off excess video cards because he and a friend had bought up numerous retails cards, only to find out that the warehouse they had leased for mining had insufficient power available for all the cards.

 

[whm1974]

I would like to see evidence or hear confirmation that cards are being acquired in such a fashion. It's not to say that I disbelieve in the concept, it's just . . . nobody seems to have a smoking gun, or even a "where there's smoke, there's fire" correlation we can follow.

I know there are a lot of individual miners who do buy the hell out of consumer-grade cards for mining, and there was at least one reddit poster that infamously was trying to sell off excess video cards because he and a friend had bought up numerous retails cards, only to find out that the warehouse they had leased for mining had insufficient power available for all the cards.

I would think that someone who is going to rent a warehouse would check to see if it will meet their requirements first before putting any money down.

 

[DrMrLordX]

I would think that someone who is going to rent a warehouse would check to see if it will meet their requirements first before putting any money down.

I know, right? What an idiotic thing to do. Gotta check on power availability and AC capacity. Though a warehouse with big ass fans might preclude the need for proper AC. The dust though . . . and security would also be an issue.

 

[whm1974]

I know, right? What an idiotic thing to do. Gotta check on power availability and AC capacity. Though a warehouse with big ass fans might preclude the need for proper AC. The dust though . . . and security would also be an issue.

Offhand this sure looks like that running a bunch of mining rigs in a warehouse will have the same power and AC requirements with at least a small data center would have.

 

[Headfoot]

On a per transaction scale, Visa is vastly cheaper and several orders of magnitude more efficient than cryptofakecurrencies. If you really want an led metaphor with Visa vs Ethereum, visa is the led bulm and ethereum is a gasoline fire

Which one? You realize they are all different, right?

 

[[DHT]Osiris]

I would think that someone who is going to rent a warehouse would check to see if it will meet their requirements first before putting any money down.

You'd be surprised, I've heard plenty of horror stories already about budding bitcoin miners heading to Fry's to just buy as many CPUs as possible. Just zero clue how any of this works, deciding 'if i spend $10k on electronics I'll get a million dollars next month!'

FWIW, I believe the $1000 1070's and $1400 1080ti's are just filchers looking to sell the 'last shovel in town' to people with more money than sense. Heck, in retrospect had I put the money I put into my mining rig directly into BTC, Eth, or litecoin when I built it (a year ago) I'd have a *lot* more money now.

Tax season probably would have gone much differently for me, though.

 

[UsandThem]

Anybody else notice Newegg is starting to bundle "free" components with their current gen video cards?

https://www.newegg.com/Product/Prod...tiveSearchResult=True&Order=PRICE&PageSize=36

 

[preslove]

Which one? You realize they are all different, right?

All of them.

 

[Tweak155]

Anybody else notice Newegg is starting to bundle "free" components with their current gen video cards?

https://www.newegg.com/Product/ProductList.aspx?Submit=ENE&N=100007709 8000 601201888 601204369 601296377&IsNodeId=1&bop=And&ActiveSearchResult=True&Order=PRICE&PageSize=36

Must be a decrease in sales since they started the high pricing.

 

[whm1974]

Anybody else notice Newegg is starting to bundle "free" components with their current gen video cards?

https://www.newegg.com/Product/ProductList.aspx?Submit=ENE&N=100007709 8000 601201888 601204369 601296377&IsNodeId=1&bop=And&ActiveSearchResult=True&Order=PRICE&PageSize=36

As much as higher end GPUs cost now, we should be getting something extra for our money.

 

[whm1974]

You'd be surprised, I've heard plenty of horror stories already about budding bitcoin miners heading to Fry's to just buy as many CPUs as possible. Just zero clue how any of this works, deciding 'if i spend $10k on electronics I'll get a million dollars next month!'

This is just me, but if I don't know or understand how I'm supposed to make money off something, then I'm not going to "invest" in it. Especially with me being on a fixed income.

 

[[DHT]Osiris]

This is just me, but if I don't know or understand how I'm supposed to make money off something, then I'm not going to "invest" in it. Especially with me being on a fixed income.

You're probably above the 50% line on intelligence, then. The fact that you understand the term 'fixed income' probably has you in the top 30%.

 

[whm1974]

You're probably above the 50% line on intelligence, then. The fact that you understand the term 'fixed income' probably has you in the top 30%.

This is just common sense.

 

[[DHT]Osiris]

This is just common sense.

The most uncommon of all senses.

Seriously, the fact that you're even able to post here in a coherent manner means you're on the other side of the bell curve.

 

[SMOGZINN]

This is just common sense.

There is nothing common about sense.

 

[spdfreak]

NE has COD WWII on sale for 34.00 today. I didn't buy it because I can't (won't) afford a card to play it. If the game was 20.00, it still wouldn't make me buy it because the real cost to play it is the card. This really does have to be hurting the game developers and publishers.

 

[Headfoot]

All of them.

Wrong. Every single one I listed does not use Proof-of-Work like Bitcoin and so the energy consumption isn't anywhere near the same ballpark. Do more research.

 

[whm1974]

The most uncommon of all senses.

Seriously, the fact that you're even able to post here in a coherent manner means you're on the other side of the bell curve.

Well I also live in a HUD apartment with the power included in the rent, so I don't want to get kicked out for using too much power or "swatted" due to the police believing I'm growing pot.

 

[[DHT]Osiris]

Well I also live in a HUD apartment with the power included in the rent, so I don't want to get kicked out for using too much power or "swatted" due to the police believing I'm growing pot.

Haha, fair enough. Was there a power usage agreement as part of your rental agreement? If not, you could probably make ample use of that. Swatting isn't likely, as the power usage in even a moderate setup isn't *that* much.

I've got one PC with a 970 (mines ~50% of the time in winter), one with a 1080 and a 960 (mines ~75% of the time in winter), and a rig with 5x 1080ti's (mines 100% of the time year-round) and my historical averages in the winter are about double electrical usage from last year when I wasn't mining, historicals in summer are up like 70% or something over the same period.

Unless you've got a true farm going, you're unlikely to hit truly stupid levels of power.

 

[VirtualLarry]

You're probably above the 50% line on intelligence, then. The fact that you understand the term 'fixed income' probably has you in the top 30%.

The fact that he's on this forum, would probably put him in the top 10-15%.

 

[DrMrLordX]

Which one? You realize they are all different, right?

No, he really doesn-

All of them.

Ugh.

Wrong. Every single one I listed does not use Proof-of-Work like Bitcoin and so the energy consumption isn't anywhere near the same ballpark. Do more research.

Not gonna work.

Ethereum can switch to full PoS with sharding and some people will still think it costs more per transcation in USD and in real-world resources than Visa/MasterCard/AmEx. MasterCard could switch to blockchain and . . . you know what, nevermind. You get the idea.

 

[AdamK47]

Went to Micro Center today. I have photographic evidence of the massacre from the front lines.

 

[SMOGZINN]

Went to Micro Center today. I have photographic evidence of the massacre from the front lines.

Did you get any information on their DIY discounts on the cards? What products do you have to buy to qualify for the discount and how much is the discount?

 

[AdamK47]

Did you get any information on their DIY discounts on the cards? What products do you have to buy to qualify for the discount and how much is the discount?

I don't know of any discounts.

I went through the aisle to mourn and pay my respects.

The damage these miners have inflicted will not be forgotten. The day of the inevitable crytocurrency crash will be a day of glorious celebration!