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GPU prices go boom

DragonQ said:
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.
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Can we please dispense with this notion that there is some comparison to be made in this way between crypto currencies and stock market trading. Stock markets are and have been an essential part of the system we live in. By allowing many people/ organisations to invest in a company via shares stock markets have enabled many great things to be achieved that would not have been possible without this method by which a company can raise money to invest. Stock market investing (at least in some cases) offers the ability to invest in companies that provide goods and services that actually have some sort or genuine utility and improve the quality of life for people.

Crypto currenciesa on the other hand offer no such similar benefits. Sure I have read plenty of articles that speculate about possible uses and benefits of block chain technology but current crypto's are not currencies but speculative instruments with no meaningful utility which consume vast amounts of material and energy.
 
desp said:
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.
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People that bought in the last wave will most likely not make ROI and that is also the case for most miners as their greed does not allow them to make sound decisions that will net them profit. The mental gymnastics that miners go through to justify their poor investments are quite special. I'm pretty sure some of them picture a future utopia where the most successful people are the ones that own the most graphics cards and your hash power determines the quality of your home, car and wife :D.

The reality couldn't be more different and everybody can easily see it, even people that are not into crypto. Mining is such a wasteful process that any crypto that implements mining and is hoping to become something tangible and useful is rushing to move away from it.
 
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Prices probably won't drop again for quite a while then?
Just started looking for a GTX 1060 3GB/6GB or similar recently, and I missed all the deals last month. Maybe the increase on them isn't too great but it definitely feels like a bad period to buy : /
 
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NZXT30 said:
People that bought in the last wave will most likely not make ROI and that is also the case for most miners as their greed does not allow them to make sound decisions that will net them profit. The mental gymnastics that miners go through to justify their poor investments are quite special.
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Given the rate miners are currently generating income why do you think ROI will never been reached?
 
I've came to the conclusion i'm just going to get the AMD Ryzen 5 2400G for my 2nd build (it's just for work purposes anyway) as it has Vega built-in and that'll meet my graphic needs.

When the time comes to upgrade my main gaming rig in the living room, GPU prices will be back to sane levels, i'll just put the GPU that's currently in that rig into the Ryzen 5 build.
 
desp said:
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.
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Most miners now are buying with profits following their previous ROI. If it goes to pot most wont care as they would have lost nothing in real terms and would still hold hardware to sell and regain their profits, not debt.
 
NZXT30 said:
People that bought in the last wave will most likely not make ROI and that is also the case for most miners as their greed does not allow them to make sound decisions that will net them profit. The mental gymnastics that miners go through to justify their poor investments are quite special. I'm pretty sure some of them picture a future utopia where the most successful people are the ones that own the most graphics cards and your hash power determines the quality of your home, car and wife :D.

The reality couldn't be more different and everybody can easily see it, even people that are not into crypto. Mining is such a wasteful process that any crypto that implements mining and is hoping to become something tangible and useful is rushing to move away from it.
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Poor investments? Earning well over £100 a day profit with GPUs paid for with profits, as a hobby? Sounds very lucrative to me.

Mining maybe wasteful as you say but that doesn't make it any less profitable. The salt is real.
 
MSTRBKR said:
So miners are greedy, but you want prices to lower so you can buy one? Sounds very much the same to me.
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I have a decent gpu thanks EVGA 1080 Classified bought at release, but i would like new card if any come this year and all this mining carry on is just destroying pc gaming for many, folk simply are not going to bother upgrading anymore and just go to peasant gaming on consoles because they are getting priced out of the market though mining, watch when it does crash which it will i can't wait to the cry babies trying to offload their hardware that nobody will want :)
 
Scramz said:
"..... Walks off moaning about the price of a GPU that I wasn't going to buy."
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You think we're moaning for the fun of it?

You think people wouldn't buy GPUs if they weren't mining? What nonsense. GPUs were around long before mining. And mid-range GPUs used to cost £200 or so.

I know a lot of you miners are of the smug persuasion, but if you want to be a pantomime villain maybe try joining the local theatre instead...
 
FoxEye said:
You think we're moaning for the fun of it?

You think people wouldn't buy GPUs if they weren't mining? What nonsense. GPUs were around long before mining. And mid-range GPUs used to cost £200 or so.

I know a lot of you miners are of the smug persuasion, but if you want to be a pantomime villain maybe try joining the local theatre instead...
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Exactly the same. I sold my 1070 last year... waited for Vega... it was a let down... but then struggled to find anything at reasonable cost. So waited again.... luckily I got a brand new 270x to tide me over for $5 lol.

It sure as hell matters to me that the prices are high. The reason I held off was because of high costs, and now unlikely to purchase at all till some sanity returns... and if it doesn't... then I probably will just keep on buying paintball stuff, spending thousands on the house (that appreciates in value) and going to yellowstone lol. I am not blowing stupid money on a GPU.
 
FoxEye said:
You think we're moaning for the fun of it?

You think people wouldn't buy GPUs if they weren't mining? What nonsense. GPUs were around long before mining. And mid-range GPUs used to cost £200 or so.

I know a lot of you miners are of the smug persuasion, but if you want to be a pantomime villain maybe try joining the local theatre instead...
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Mid range GPUs jumped above £200 long before the mining boogey man tuk yer cardz.
 
Telecaster said:
Mid range GPUs jumped above £200 long before the mining boogey man tuk yer cardz.
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290/390 cards were £240 for 3+ years now... Alright that's a tad over £200 but 3 years ago they were nearly high-end in the line-ups of the day.

Now we have 580s for £450, lol. Mining to blame for sure, 100%.
 
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