One of our members here has two of these racks hashing away in his (large) garage with parts for 2 more arriving:
http://imgur.com/LgWH9y6
That's 72 Radeon 290X cards, if you're counting. And just one of our members.
I have no interest in mining but what are all those GPUs connected to? How are they connected? And what's stopping someone from doing the same thing just with gaming (ie 16 GPUs on a rack to run crysis). Forgive my ignorance please.
Windows limits you to 4xgpu's. Even if it didn't there's also a need for driver support and it would be such a niche market that it wouldn't be worth the manufacturers supporting it. nVidia artificially limits you to 3gpu's on some of their models to save support costs and also encourage you to by the higher model up if you want quad SLI. That's the same reason both suppliers don't offer support beyond 2xGPU's for their mid range and lower models.
No, all that will happen is 3.0 will start with a new algorithm that is ASIC resistant. We are already seeing several novel new cryptos attempting to move away from scrypt so that they are ahead of the ASIC curve (e.g. Vertcoin/VTC).
The only things that would cause prices to normalize:
1) Massive increase in supply
2) Massive decrease in price of BTC, and therefore all crypto currencies which are soft-pegged to the value of BTC
and/or
3) Multi-government intervention
Except for the midrange GTX 760 which supports 3-way SLI.
If gpu production was raised the first of january - when will the cards hit the market?
Do you have a source?
It takes around 12 weeks from wafer start to first useable chips in the other end. Just google it. Its not exactly a secret.
The other problem is the Fab has to have production space available. If someone else has booked up all available production then you go to the end of the line.
There was a article just last week that the vendors were saying that they had 2 types of supply problems with AMDs GPUs.
1) That AMD wasn't producing enough chips.
2) They were having problems getting hold of the GDDR they needed
They denied that bitcoin had had any appreciable impact on the market, the problem wasn't demand it was purely supply that was too low.
The 290X hit $900 today on Newegg: http://www.newegg.com/Product/Produc...CE&Pagesize=20
Are people still making money mining? Because I hope no one is buying Radeons as gaming cards.
The 290X hit $900 today on Newegg: http://www.newegg.com/Product/Produc...CE&Pagesize=20
Are people still making money mining? Because I hope no one is buying Radeons as gaming cards.
The 290X hit $900 today on Newegg: http://www.newegg.com/Product/Produc...CE&Pagesize=20
Are people still making money mining? Because I hope no one is buying Radeons as gaming cards.
I can't see how unless they pumping and dumping something (in which case why note just buy and sell coins). This is what coinwarz has to say
http://www.coinwarz.com/cryptocurre...sha256Check=false&scryptCheck=true&e=Coinbase
That's with 900kh/s (which is a bit above average for an 290X I think), drawing 360W and with electricity price of 10c per kHW (a lot cheaper than what would pay, UK price is closer to 25c/kHw).
The most seems to be around $8 per day on Doge and under $5 on Litecoin. There are some coins which are currently higher but those tend to be total roller coasters. Like I said, if people want to speculate or play the market they might as well buy coins in the first place.
This is absurd.The 290X hit $900 today on Newegg: http://www.newegg.com/Product/Produc...CE&Pagesize=20
Are people still making money mining? Because I hope no one is buying Radeons as gaming cards.
Looks like they are using PCIe -> USB cabling -> PCIe connectors for the GPUs. Mining doesn't require much bandwidth especially compared to gaming.
Before these showed up people used standard long ribboned PCIe extension cables, which are harder to manage for racking. They could maintain the bandwidth needed for gaming but are still limited by the type of PCIe ports the motherboard offers, miners have no issue using PCIe x 1 ports.
Doing a search for usb pcie mining cables brings up some listings.
Yeap, mining has pretty much ruined the value of AMD GPUs for gaming in the US (for non-miners, which is most gamers. Out of ~30 or so PC gamers I know, only a handful know what mining really is, and only one mines at all).
I think this will have a negative effect on AMD in the long run if the coin craze ends. A lot of customers will have long since gone Nvidia, and people seem irrationally loyal to corporations. I always go for the best perf/value, but that just doesn't seem to be the case.
I had all but committed to buying aftermarket 290/290X for high end gamers this quarter, but haven't sold a single one now that the prices have gone batcrap. For the newegg price of a 290 vanilla, I can get someone 770SLI. Bah.