You can always try to buy from the EU where prices are not inflated,
by there , in France , a 290 reference is about 350-360 with 20%
VAT included wich put the export price at 295, about 400$.
As long as people think that spending hundreds of dollars to buy video cards and related gear, plus the cost of running electricity of these rigs near max for 24/7 will in reality not gain them any real world profits. The "mining" trend as it is is already over saturated and is not economically worthwhile in reality from what Ive seen.Looking to buy a new video card, but would like to wait if these artificially inflated prices are going to drop soon. Anyone have an educated guess they would like to share?
This is a good point. I should figure out how to do that
NVIDIA and AMD won't release these "mining" cards because ASICs either already exist or are in production and testing.
Never. Cryptocurrencies are here to stay, and both AMD and Nvidia will cater to it just like they do every other market.
You can always try to buy from the EU where prices are not inflated,
by there , in France , a 290 reference is about 350-360 with 20%
VAT included wich put the export price at 295, about 400$.
I don't think this affects nvidia cards at all, if you already have a 780 you can do close to 7950 performance but the card is very expensive compared to the competition for anyone to want one just for mining, the newer version of cudaminer helps it get close to 700kh/s
I think that Nvidia is selling more video cards now. The reason is that AMD cards sell out to miners, and then someone wants a new video card, his only option is Nvidia, so he becomes a new Nvidia customer. So demand for Nvidia cards also will go up, because of AMD miners. When there is higher demand, the price should also go higher. So I think Nvidia cards are also affected.
Put another way, Nvidia doesn't have any competition here, so price should not fall on their cards. If you are a gamer who wants to buy a video card, you buy Nvidia.
Is that because of higher energy prices so mining isn't popular?
The "optimistic" scenario: Someone develops an ASIC for cryptocoins using the script algorithm (like Litecoin, Dogecoin, and all of the other annoying Litecoin clones out there). Difficulty skyrockets, and it no longer becomes profitable to mine them with an AMD video card. This scenario has already played out for Bitcoin.
The "pessimistic" scenario: A bunch of large countries outlaw the exchange of Bitcoin into government backed currency due to new money laundering and drug trafficking laws. The value of Bitcoin plummets, taking Litecoin and all of the other cryptocurrencies with it. Mining coins is no longer profitable, so most people stop doing it. This scenario is already playing out in places like China and Thailand.
Nobody even has to outlaw anything. There have been several times when the value of one bitcoin has fallen by more than 50%. There have also been several times when mining difficulty has doubled over a short period. If certain combinations of bitcoin price and mining difficult becomes the norm the mining will stop.
For example, ASICs have made GPU mining much harder but the move from Bitcoin to Litecoin also made GPU mining for Litecoin more viable. If a Litecoin ASIC is made, that makes Litecoin less attractive. Or cryptocoins could take another one of their speculative price downswings because the prices of these things aren't really rooted in any measureable way so they can fluctuate wildly in both directions.
Low enough prices prices with high enough difficultly and the miners will stop buying new hardware. If this situation persists for a few months the miners will strip their rigs and sell the components rather than lose the money.
An ASIC that would be good enough to yield the same
throughput as a herd of stream processors seems to me dubious,
it will cost more than GPUs given the latters huge transistors budgets
and the fact that they are used in massively parralel computations.