Feels like British Telecom. It aint us, alright at our end.
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GPU prices go boom
- Thread starter RavenXXX2
- Start date
Feels like British Telecom. It aint us, alright at our end.
I blame myself. I don't care if its Miners the Chinese or little green men from outer space that are pushing the price of cards up.
£900 is acceptable, because market forces, little green men etc.
I don't make the decision to buy based on these factors.
I will buy something if it is good value. I may spend more if I see an increase in quality. If these criteria are not met I am not going to be a customer.
Retailers issue is with perception, detailing the economics and why it is not the retailers fault does not alter that perception in anyway.
Its like putting up window dressing in a burning building in the hope that no one will notice the flames.
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Just waiting for the NVIDIA it's TSMC that has put the prices up so we have had too, excuse. It's funny that NVIDIA'S own website prices are still low though, if it was NVIDIA that was boosting the prices then surely there's would go up as well.
I can only assume, that it I a little bit of each company along the chain has added a few percent to its base price so by the time we get to see the price we have to pay for the product, it is extortionate.
I can only assume, that it I a little bit of each company along the chain has added a few percent to its base price so by the time we get to see the price we have to pay for the product, it is extortionate.
Got to say, much as I'd like a new graphic card myself, I'm not that put out that I wont allow myself to buy one at the current prices.
It's starting to sound a lot like "entitlement" from some people who are complaining about the effect of miners on the price of GPUs.
The world does not owe us PC gamers reasonably priced GPUs, we've just gotten used to having them.
It's like when people complain that they can't afford to buy a house in the village where they grew up because the rich city folk have pushed prices up buying weekend pads. The world doesn't care, and has moved on, so go buy a house where you can afford.
Guess we need to ride it out until prices return to a more agreeable level, or alter our expectations, and buy what we can afford (and stop lusting after that which we cannot).
It's starting to sound a lot like "entitlement" from some people who are complaining about the effect of miners on the price of GPUs.
The world does not owe us PC gamers reasonably priced GPUs, we've just gotten used to having them.
It's like when people complain that they can't afford to buy a house in the village where they grew up because the rich city folk have pushed prices up buying weekend pads. The world doesn't care, and has moved on, so go buy a house where you can afford.
Guess we need to ride it out until prices return to a more agreeable level, or alter our expectations, and buy what we can afford (and stop lusting after that which we cannot).
Man of Honour
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As miners we're just leveling the playing field by pumping money into AMD allowing them the better develop the next generation 
Soldato
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End of the day it's all about money and some people will do whatever it takes it get more of it and they will justify it until they are blue in the face, would I stop recycling or putting my rubbish in the bin if it was profitable for me, no, because I care about the external ramifications of that, just as I wouldn't feel comfortable buying up GPU's and mining with the effect that has on the PC gaming community.
I won't lie, I was temped to get into mining myself but at the same time I was under no illusion why, greed, If I go against my code of ethics I'm very rarely in denial of that, I remember doing a fair bit of research into crypto-currency mining, started pricing a rig up, was working out what kind of return I would get etc, But I could just feel a part of me being fed that made me feel uncomfortable.
I do genuinely feel it takes a particular type of person that feels comfortable calling themselves a crypto minor and a pc gamer, I think at the very least you have to have a fairy strong opportunistic streak in you to do so.
I won't lie, I was temped to get into mining myself but at the same time I was under no illusion why, greed, If I go against my code of ethics I'm very rarely in denial of that, I remember doing a fair bit of research into crypto-currency mining, started pricing a rig up, was working out what kind of return I would get etc, But I could just feel a part of me being fed that made me feel uncomfortable.
I do genuinely feel it takes a particular type of person that feels comfortable calling themselves a crypto minor and a pc gamer, I think at the very least you have to have a fairy strong opportunistic streak in you to do so.
Not forgetting that effect on the environment. Mining would at least be excusable if it was doing protein folding or some other useful calculations instead of just pointless busywork converting electricity into heat to get more digital gambling tokens.
I guess in winter at least you can use some energy for heating...not sure what the thermal efficiency of a GPU is though.
Soldato
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I don't get this "greed" argument at all, it just comes across as bitter and spiteful.
If you have the opportunity to better your income by legal means without hurting anybody, how is that greed?
In which case you'd all best stop working towards that promotion and pay rise then as you're just being greedy wanting more than you have now, and please, throw that pension away and donate it to charity.
If you have the opportunity to better your income by legal means without hurting anybody, how is that greed?
In which case you'd all best stop working towards that promotion and pay rise then as you're just being greedy wanting more than you have now, and please, throw that pension away and donate it to charity.
"Get-rich-quick" and pyramid schemes tend to have one thing in common: they enrich a few and hurt a lot of others.
Whilst I'm sure there are some people who just don't like it when others make money honestly, that's not what's happening here. It's when a few make a lot of money at the expense of others that people tend to get miffed. Eg, BTL landlords (etc, etc, etc - not trying to derail).
Actually BTL is similar. Another case where a certain resource is very scarce, and big money is being made by denying that resource to some whilst others take far more than their "fair share".
Soldato
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I haven't needed my central heating on all winter, the extra electric seems to have offset the lack of gas I use.
Caporegime
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Life is indeed a hard journey, i've made sure mine is successful through hard work and determination, anyone can succeed, some of the most successful come from the humblest backgrounds, perhaps the difference is they didn't spend hours on end each day moaning about what others had and instead made sure they got it for themselves.
Also i must be the devil reincarnated because i own multiple BTL properties.
Lets just hope the government catch up with all that share trading and BTL activity in the market, pyramid schemes are illegal in the UK after all.
I tried to make this point earlier. It didn't go down well.
Please tell me how miners are making money at the expense of others? They are buying the cards and paying the electricity bills.
And GPUs aren't a resource, they are a luxury item. Look at Steam. The vast majority of gamers use GPUs that miners wouldn't even consider.
Good grief I don't know how many times I have to say this
, I've got no beef with people making money. I couldn't care less what you're earning or making etc that's not what I'm on about.If there were a device that could mine these virtual currencies that you could buy, that allowed you to make some extra money, but that didn't increase the cost of normal PC parts that the average joe wants to buy to upgrade their PC then I wouldn't be even having this discussion.
I'm totally baffled by all people mentioning pay rises, and pensions etc, these aren't in any way relevant to the issue at all
I'll say it again, it's not the fact you're making money from this that I care about, it's the impact it is having on normal pricing of GPU's!
Associate
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Wonder what the impact on the environment all this nonsense is causing, electrikery aint free - some dinosaur or plant might have had to die for part of your coin.
In a world where so many people care nothing for "strangers" or the planet in general, it's not difficult to see why PoW mining has taken off. You're a fine example by your own admission.
I'd expect the EU to step in before it gets to that... the UK under the Tories, however, would be delighted to re-direct the electricity from a hospital or two to one of their buddy's mining farms. "They are creating wealth!" would be the triumphant Tory cry as the lights go out across the country
Where's your entitlement meter set to? We all have some expectation of being able to afford certain things. So, what if GPUs rose to £1200? £1500? £2000? £3000? Where would you start to feel miffed? Or would you not care, because you'd be the one doing the mining, making the money?Got to say, much as I'd like a new graphic card myself, I'm not that put out that I wont allow myself to buy one at the current prices.
It's starting to sound a lot like "entitlement" from some people who are complaining about the effect of miners on the price of GPUs.
The world does not owe us PC gamers reasonably priced GPUs, we've just gotten used to having them.
It's like when people complain that they can't afford to buy a house in the village where they grew up because the rich city folk have pushed prices up buying weekend pads. The world doesn't care, and has moved on, so go buy a house where you can afford.
Guess we need to ride it out until prices return to a more agreeable level, or alter our expectations, and buy what we can afford (and stop lusting after that which we cannot).
And then as others have said, what if mining pushes electricity prices higher? What if that puts a real strain on hard-working families? Should we feel "entitled" to affordable energy, or can that be sacrificied at the alter of making a quick buck too?
A fair few of us on here could build mining rigs tomorrow if we chose to. Not mega-farms for most of us, but 10-20 cards would be doable tomorrow if I felt so inclined. Apart from the stupendous risk, I won't be mining - even with one card - as I dislike the whole idea and principle of PoW mining. It's a crazy, nonsensical thing to waste electricity on.
The "work" done is clearly meaningless. How to be so sure? Well, they arbitrarily increase the difficulty of the work according to the increase in computational power of the global mining community.
What real, beneficial workload behaves in that way? Most real-life problems don't get arbitrarily more difficult when you assign more resources to solving them. Mining "work" is absolutely useless to everyone based on the actual "problems" being solved with all that GPU power.
Most of us have the concept of a fair day's pay for a fair day's work. We ask for pay rises when we feel our contribution to the success of the business warrants it. Or when it would cost significantly more to replace us than what we're being paid. We have, in other words, a good idea of our value; our worth.
Most of us here do real work, whether it's plumbing or designing websites or inventing new products.
Some of us dislike methods of making money that harm others, or add no value to society. Eg, speculating by buying houses and land and waiting for their value to increase before selling them on. Or things like buying up all the stock when there's a sale on, then selling it on at normal prices.
Things that capitalists think are "just good business" and dirty socialists like me think are exploitative/greedy.
Caporegime
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Good grief I don't know how many times I have to say this
Good job i didn't quote you then.
Soldato
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It comes across as bitter and spiteful because that is the only reason you can fathom why someone would question making money this way, "they must be bitter! That's it!", you have decided that reason for yourself, Well all I can say is that I'm genuinely not, there are plenty of people out there making millions and for the most part it doesn't really bother me.
Believe it or not you can actually critique a persons money making methodology without it inherently being bitter/spiteful etc, Surely you can understand that there are people out there that have different ethical codes of practice when it comes to how they choose to earn money, just because someone is against earning money via crypto-mining doesn't mean that they can't gain money in other way in which they deem ethical.
Also how can you say that this isn't hurting anybody?, these inflated GPU prices are hurting a massive community of PC gamers out there, this is a small percentage of people effecting a much larger community because they want more money and it does have an impact on us.