Perhaps they have done their homework and concluded that mining isn't going anywhere. The implication of that would be they could sell 100% of their inventory to miners and tell the rest of us to go jump
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GPU prices go boom
- Thread starter RavenXXX2
- Start date
Nice sarcasm....
How about you answer a few simple questions....
1) do you think gpu crypto coin mining is likely to continue at the current or a greater rate for the forseable future?
2) is the current level of GPU prices which is to a large extent the result of crypto mining negatively affecting the more traditional market for enthusiast /gaming PC's by driving people away from it due to the cost prohibitive nature of certain components?
(especially if it continues for any length of time)
3) if I told you that I could double your salary this year but in doing so you may lose a not insubstantial chunk of your salary for every year going forwards after that for some time (with no prospect of changing to another job) would you take my offer?
4) what happens to the balance sheets of a company like Nvidia if a lot of second hand GPU's suddenly flood the marker all at once at reduced prices due to GPU crypto mining taking a downturn? (not like no one hasn't suffered this fate to a degree before now is it?) 1080ti's are in a fair few mining rigs these days and I doubt Nvidia have/ can put out a card significantly better for a competitive price against the price of used 1080ti's if the second hand market gets flooded with them...
I'll leave it to Nvidia to make their own minds up about what's in their best corporate interests
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I particularity like the bit that you earn around the national avg wage for doing **** all or for your words "Usual" yet you want more
https://forums.overclockers.co.uk/posts/26665803/
I'll let you in on a secret. Even if I had a 1080ti I'd probably spend more time here arguing with you lot than gaming
I seem to derive some kind of perverse enjoyment out of it.I must get help.
Old post is old.
The thinking behind "needing" a 50k salary was that I wouldn't be able to afford a house with anything less. I still think that's accurate, but I've kind of given up hope of ever having my own house, so am a bit more relaxed about what I earn. Nat avg wage is not terrible. I'll just have to rent for the rest of my life is all, enriching some BTL landlord or other.
At the time of that post I was looking for a career that would eventually pay 50k. There's plenty of careers paying that that involve doing useful work.
I'm actually struggling to see the parallels between being somewhat reasonably paid for doing a real job, and being a crypto miner. Not particularly interested, but you could explain if you like.
It's the least interesting post in this whole debate. I can't even see how it's relevant.Oh my....
Hardly the silver bullet that discredits me. Feel free to read the rest of that thread but I'll spoil it for you now... I gave up
Also that doesn't even conflict with my socialist viewpoint. I believe everyone should have security of dwelling.
In this country that means you MUST own your own home. Anything else means you're 14-30 days from being homeless (depending how ruthless your landlord is).
You invest your time and are rewarded with monies
We invest our time and are rewarded with monies which we then invest in equipment which we are rewarded with monies.
Soldato
- Joined
- 6 Sep 2016
- Posts
- 13,657
Well if I had space, and time to set up a mining rig I'd do it. I mining earns £50 a week it'll certainly help. I guess if you could buy ready made mining rigs, I'd be interested in that as they look a bit too complex and geeky to setup.
Pre built are a rip off.
Their the ones this thread should be targetting. People building rigs just purely to sell at even more inflated prices.
Get over myself.......LOL
I'll let you in on a secret. Even if I had a 1080ti I'd probably spend more time here arguing with you lot than gaming
I must get help.
Like I said, It takes all kinds
Its a thread about GPU prices going up.... I have expressed why mining is causing this and why this might be a bad idea for most people concerned.
You appear to just be trolling for the sake of it now
I'm not telling anyone what to do just stating my opinion about something I think is harming a hobby of mine.
Fancy answering the questions?
I agree with you on housing, I was lucky enough to recently get away from renting at the age of 29.
One thing mining does bring is a bit of income to pay for ones rent/mortgage.
I also believe he who dares. People are not getting GPUs for nothing. They are risking their monies to gain some, just like any other lucrative opportunity. Its not greed, its taking a risk.
I did! I highlighted them in bold.
Without going back over the thread. Was it you who wished the whole thing would collapse and everyone lose their money?......Because of your HOBBY.
You really didnt answer them at all especially the third one (hint it's not to be taken in the strict literal sense as to whether you believe I will actually double your current salary.... it's an example of a scenario similar to what I suggest may be happening with the GPU market...let's say I can double your salary for the current year there is no ifs or maybes about it but the rest remains the same ... Get it now? ) and if you think GPU mining can continue at its current rate or greater for the forseaable future I have a bridge you may be interested in
You also didn't answer the second one I asked about the traditional market not miners... And the non miners are using their older hardware and some are considering leaving PC's behind as an enthusiast pursuit.... You seem to be able to spectacularly miss the point.....
Miners won't be buying GPU's if the payback isn't there and if in selling to miners at inflated prices the traditional market is depleted then it makes sales going forward harder.... Its not a particularly hard concept to grasp now is it?
I also slapped a fourth on although it looks like you replied before I made the edit
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The differences are legion and completely obvious.
A 50k job is judged by the employer to be 50k worth of useful work to the company.
If I stop working I stop getting paid.
I can't award myself a pay rise, I can only ask for one and would need to justify it to the company.
I can only take one job (probably).
The work obviously benefits the company/someone other than yourself
In your case you can take as many GPUs as you can afford now, and add more in future.
Each of them makes money and there is no work beyond the initial setup + monitoring, occasionally choosing to mine something else.
You can keep adding more cards to make more money and there is no cap to your earnings this way, nor a cap to GPUs bought, over and above self-restraint
You yourself aren't doing any useful work, arguably neither are your GPUs (unless waste heat is used to heat room)
You haven't leveraged any useful skill to make that money (beyond opportunism)
Let's face it... earlier in the thread it was alleged that people doing a 9-5 job are "mugs" if they had a chance to make money an easier way. So clearly, cryptomining isn't at all similar to a regular job. And clearly cryptomining is an "easier way", that just involves having sufficient capital and a lack of care about the consequences to take part in.
There is no debate that mining has caused hyper inflated prices. There is no debate because there is nothing else that would account for the current situation.
You have caused/are continuing to cause the PC hardware market to become more and more and more exclusive.
It's quite literally "at the expense of others" because you've made things... more expensive. It's the most literal interpretation of that phrase
You seem to be under the mistaken impression that Miners set the price of video cards.
Second, you seem to think I am involved in mining., I'm not, I don't mine at all.
I am just commenting on your posts because your arguments are so weak, bad for the environment, greed, people should be happy earning just enough, etc. etc.
Graphics cards are a luxury item. Your posts, and others that are making the same arguments, sound more greedy than miners. Because you just want to buy a cheap GPU for yourself and anything that gets in the way of that is bad.
And refusing to mine because it somehow gives you the moral high ground is laughable. IF it's so easy to make money, why don't you do what other people are doing, buy an expensive card and mine on it until it's paid off.