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GPU prices go boom
- Thread starter RavenXXX2
- Start date
Happens everytime, quick to go up but very slow to come back down.
Something has to fund all them Haribo!
I don't know why you guys are worried. This is a very short term problem. There is no promising new crypto that implements mining and Etherium has already announced that it's planning to move away from mining in 2018. When that happens any currency that depends on ETH which is pretty much any that is worth mining will move too. Most miners will not get the ROI they are dreaming of and the market will be flooded with cheap cards for a long time. Bitcoin is also a dinosaur that will be phased out sooner or later.
Some cryptos are great, don't let those silly miners get to you, it really is a short term problem. Forget about mining and gpus for some time and spend some spare money investing into some promising cryptos, do not miss out on the biggest money maker our generation will ever see.
Some cryptos are great, don't let those silly miners get to you, it really is a short term problem. Forget about mining and gpus for some time and spend some spare money investing into some promising cryptos, do not miss out on the biggest money maker our generation will ever see.
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Tbh I don't think most miners will be out of pocket if there was a crash, ROI is so fast most would already be in the green and buying more GPUs from profits meaning no real term loss.
Mining is not short term, manufacturing shortage will be short term.
Deleted member 87287
Deleted member 87287
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When ETH moves to proof of stake algorithim in 2018 mining will not be feasible or profitable anymore for individuals. Zcash which depends on ETH will also follow suit. Nobody mentioned a crash, if you are not even aware of Etherium's announced roadmap god help you man.
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That isn't greed. He is simply wanting to buy a GPU at the original MSRP.
Probably because they haven't got any stock. You can't make money by selling stuff you don't have. So they raise the price to make some money from the small mount of cards they do have.
Also if they do lower prices, they will be purchased instantly so stock will be zero anyway.
It will take a long time before new GPUs affect profitably of old cards. You can still use 9 Series cards and make money at the moment.
Deleted member 87287
Deleted member 87287
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You are just speaking about ETH, there is many other cryptos to mine.
Soldato
- Joined
- 6 Jun 2009
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- 5,474
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- No Mans Land
Did not realise there was one! Doh!
Yes, so stop mining folks so I can by a second card to mine with cheaply.
Associate
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- 14 Apr 2014
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The EU and South Korea are leading plans to ban the use of Crypto currencies in retail trading and marketing and when brought in to practice such regulations will adopted world wide
If most crypto moves to PoS then it will probably see a boost in value as it loses it's ecological disaster tagline....(yay).
What it will also do is flood the market with GPUs that are now worthless for mining (also yay).
I'll wait.
Are you sure ? Second wave of massive GPU buyout began at the very start of the year 2018, we are now at 3rd week in, and they already passed ROI ?
Tbh I havent seen anyone being able to be under reasonable amount of months, especially when counting in increasing difficulty of mining.
You mean just like all speculation in the financial industry? Just slap a fancy logo and business on it and it's all perfectly above board? The notion that capitalism and free markets are great when giant banks are involved but not when individuals are is strange to me. I wish governments had the balls to step in and say "no more" to the banking industry but they were so dependent on that pseudo GDP growth, which in the end turned out to be a huge bubble that burst and left us with 10+ years of negative-to-zero wage growth.
It's a bit like how people earlier were worrying about people not paying taxes on their mining profits. I think people have the wrong priorities here, I mean someone working 40 hours a week on minimum wage pays ~6% of their earnings in income tax alone (and another ~6% in NI), meanwhile most giant corporations pay a lower effective tax rate than that! Worry about the pounds before you worry about the pennies!
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Typical ROI (based on 'normal card prices) for a card is about 5 months at todays crypto prices. 3 weeks ago it was only ~3months. 1060s where actually best in terms of ROI, 1080tis worse than 1070ti but people prefer the big powerful cards because you dont need as many rigs. At these crazy prices £600 for a 1070ti, 900 for a 1080ti the ROI is longer, much longer. Doesnt make minng sense to buy at these prices either.
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