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

[TempAcc99]

We are being asked to show where these deposits have come from and prove it.

Well that is trivial with the blockchain... You will probably have 2 sources from the money: bought from an exchange and mining pool. Both of those will have known block chain addresses.

 

[preslove]

So, the coincheck hack didn't make it to this thread?

This scam is gonna end soon. Hope your miners cash out before the bottom drops out

 

[Headfoot]

If you haven't gotten the memo to store your large sums of coins in an offline wallet, then another hack wont change anything.

I like how you believe that the centralized, single party controlled exchanges being hacked is a reflection on the quality of the explicitly decentralized coins they stored. Cryptocurrency is literally designed to structurally allow you to avoid centralization risk. Some people choose to run that risk anyways for the sake of convenience and sometimes they lose out.

 

[preslove]

If you haven't gotten the memo to store your large sums of coins in an offline wallet, then another hack wont change anything.

I like how you believe that the centralized, single party controlled exchanges being hacked is a reflection on the quality of the explicitly decentralized coins they stored. Cryptocurrency is literally designed to structurally allow you to avoid centralization risk. Some people choose to run that risk anyways for the sake of convenience and sometimes they lose out.

Exchanges are the main weak points of crypto, and there are only so many of them. All your buzzwords don't make up for the fact that speculative asset bubbles always pop.

But srsly, get your money into real currency before the bottom falls out. People do really make money during crazy bubbles when they cash out before the pop

 

[Yakk]

Coincheck hack highlights and pushes the real need for decentralized exchanges. Those are on their way and can't come soon enough.

 

[DrMrLordX]

Coincheck hack highlights and pushes the real need for decentralized exchanges. Those are on their way and can't come soon enough.

Exactly.

Hacks like CoinCheck only show that centralized exchanges are vulnerable, not that any of the assets traded on those exchanges are necessarily bogus. Of the major exchanges that used to trade in BTC prior to Mt. Gox going south, I think all of them died from loss of liquidity or other nonsense. BTC just keeps rolling along . . . for now.

 

[Fx1]

Sorry that you live in such an un-free country. I heard that you're not allowed to have guns either.


Edit: I read an article, that Japan and Australia passed laws making Crypto-currencies explicitly legal for commerce transactions. Where will that put the UK then, if they ban it? Below Japan and AU, which ironically used to be a UK prison colony. Shame that the prisoners have more freedoms, huh.

I have guns. you just have to get a licence.

Japan and Aus.. hardly a big deal. dodgy porn is legal in Japan so i wouldnt get hung up on what they think is ok.

Aus also doesnt have more freedoms, they just banned assault looking weapons lol.

Not a day goes by where someone loses millions from a crypto hack. This stuff is doomed.

 

[Fx1]

Escape from UK

Next movie installment?

Canada & the Canadian Government is rolling out the red carpet to Cryptos & mining :

globalnews.ca/news/3978151/canada-bitcoin-mining-prime-destination/

They need it. Lets face it.. what does canada export or make?

 

[Fx1]

Sure, guy. B/C having paper fiat is SOOO much more energy efficient and resourceful? Must sucks to live in a police state like the UK.

Compared to what? America with a murder rate higher than the third world? No healthcare system without insurance or higher education that costs a small fortune to then work for a company who gives you hardly any annual leave.

I hope they do ban crypto. Ill never need it or touch it and i hope they make GPU's for gamers again instead of miners.

 

[DiogoDX]

They need it. Lets face it.. what does canada export or make?

Seems like they are planing to become the new Switzerland if cyptos take off.

 

[Red Squirrel]

I can't see our government allowing that... but it would be nice. At least we can be known for something. I'd really like to see us actually manufacture stuff though, we have more than enough land and more than enough people looking for jobs. We need to break away from capitalism and the race to the bottom and actually make and sell quality products again and create good jobs.

I am kinda toying of starting a crypto farm though, especially if it turns out the government embraces it and maybe even helps out startups. Could run it off solar, wind, and maybe natural gas or propane. I would try to keep it as green and economical as I can.

 

[tamz_msc]

And then there's this:
https://ventura.craigslist.org/sop/d/bulk-sapphire-rx470-8gb/6475426651.html

Hello My business partner and I work directly with the Sapphire factory and are allotted a certain amount of cards every quarter. We we were allotted 20,000 and currently have 2500 left and they're selling fast... If you're interested we are selling them in large quantities only at wholesale prices! Contact me if you are interested in bulk quantities and we will workout a deal.

I just marvel at the sheer irony of the situation - here we have nerds shouting decentralization but the reality is that the mind-boggling inequality of the means to entry into this scheme means that the average Joe would never get to take part in it if he's starting out now.

This is why easy money cryptocurrency is just the same as Venezuela black market for exchanging dollars for bolivars.

 

[MrTeal]

And then there's this:
https://ventura.craigslist.org/sop/d/bulk-sapphire-rx470-8gb/6475426651.html


I just marvel at the sheer irony of the situation - here we have nerds shouting decentralization but the reality is that the mind-boggling inequality of the means to entry into this scheme means that the average Joe would never get to take part in it if he's starting out now.

This is why easy money cryptocurrency is just the same as Venezuela black market for exchanging dollars for bolivars.

While I won't disagree that some crypto is scarily centralized (ie Bitcoin), I wouldn't read too much into an ad from some random person showing a single GPU box claiming to be allotted $4M worth of RX470s a quarter and who's selling a half million worth of them on craigslist.

 

[Red Squirrel]

I guess pools sorta help keep things somewhat decentralized but yeah as an individual miner or staker you pretty much have no chance contributing. This also the issue with meshnets. It requires lot of infrastructure and most people don't have lot of capital but big companies do. Ex: the internet. It's suppose to be a meshnet but in reality it's run by mostly the US government and a few ISPs per country.

 

[tamz_msc]

While I won't disagree that some crypto is scarily centralized (ie Bitcoin), I wouldn't read too much into an ad from some random person showing a single GPU box claiming to be allotted $4M worth of RX470s a quarter and who's selling a half million worth of them on craigslist.

I understand what you're saying, but think about this - AMD/NVIDIA doesn't probably dictate to the AIB's how they should sell the GPUs. Now when they make their mining edition cards, which you won't generally get through the normal channels, is there any reason to not think that they're putting a disproportionate number of GPUs into mining-special cards and creating a completely artificial shortage of the regular ones?

 

[WhoBeDaPlaya]

Straight from the horses' mouths...

Takeaways :
- PSU mfgs : Stoked - they've never sold more high-wattage power supplies, a product which was on a downtrend due to reductions in power consumption by AMD, Intel, and nVidia.
- Other component mfgs : Concerned - no brand loyalty, possibly reduced / unbalanced sales of other components (mobos, CPUs, RAM, gaming peripherals, etc.)

 

[Andro Boy]

Damn. And I was planning on using part of my tax return for a new rig. Guess I'll ride out my C2Q Win 7 rig for another year or two.

 

[aigomorla]

why dont they make mining edition cards and charge people more for them by adding stupid extra stuff, like how they make gaming edition gear and charge to people who think "cool its meant for gamers because it has extra LED's"

:T

 

[WhoBeDaPlaya]

Damn. And I was planning on using part of my tax return for a new rig. Guess I'll ride out my C2Q Win 7 rig for another year or two.

Wow! C2Q is a little rough. Maybe a highly OCed Nehalem / Westmere, or Sandy, or FX.

 

[Belegost]

Damn. And I was planning on using part of my tax return for a new rig. Guess I'll ride out my C2Q Win 7 rig for another year or two.

I wouldn't let the inflation of high end GPUs and fast DDR keep you on such an old system. I've seen i5 7400 systems with GTX 1050s around the 650- 700 mark, that would run rings around a C2Q.

 

[SandInMyShoes]

Damn. And I was planning on using part of my tax return for a new rig. Guess I'll ride out my C2Q Win 7 rig for another year or two.

I'm still on LGA775 too. I plan to start grabbing non-inflated parts first (case, PSU, OS license, SSD, Ryzen 2 CPU/mobo) and cross my fingers that GPUs and RAM will be dropping again when I finally get to those.

 

[TeknoBug]

I remember saying this

Prices are expected to increase after the holidays.

and getting this

says who?

 

[DrMrLordX]

Japan and Aus.. hardly a big deal. dodgy porn is legal in Japan so i wouldnt get hung up on what they think is ok.

Thanks, I had a good laugh at that one. Let's follow the bouncing ball here folks:

1). Has dodgy porn
2). because of 1), nothing Japan does with their money is relevant.

It's not like they have any money or anything.

They need it. Lets face it.. what does canada export or make?

Glad you asked!

http://www.worldstopexports.com/canadas-top-exports/

Go Canada!

why dont they make mining edition cards and charge people more for them by adding stupid extra stuff, like how they make gaming edition gear and charge to people who think "cool its meant for gamers because it has extra LED's"

:T

They do make "headless" miner cards, the majority of which are sold in China.

 

[ZGR]

I have many people asking me which GPU they should buy that have no idea about the GPU price crisis.

They don't even notice that a $1000+ 1080 ti is overpriced.

What GPU should I recommend to people looking for 1080p120hz gaming with at least 4GB of VRAM? Everything seems so overpriced and I feel awful saying there isn't an affordable solution.

 

[sze5003]

I have many people asking me which GPU they should buy that have no idea about the GPU price crisis.

They don't even notice that a $1000+ 1080 ti is overpriced.

What GPU should I recommend to people looking for 1080p120hz gaming with at least 4GB of VRAM? Everything seems so overpriced and I feel awful saying there isn't an affordable solution.

Had a few co-workers ask me the same thing. Other than a 1060 or 1070 or an rx 4 or 5 series, they are still all overpriced. I just told them they shouldn't buy anything right now. Unless there is a microcenter near by, they can go and tell them they are buying for gaming and they will get the cards at MSRP.

Or they can keep tabs on nvidia's order page and try and snag one at MSRP when they become available.