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GPU prices go boom
- Thread starter RavenXXX2
- Start date
Regardless of when it was released, it's still an excellent product.
but not the price hehe
Soldato
- Joined
- 25 Sep 2009
- Posts
- 10,238
- Location
- Billericay, UK
Where GPU's are concerned there is no such thing as a bad product only a bad price. If you think £400 is aceptable for a mid range video card by all means go ahead and buy one.
A lot of bitterness in this thread.
OCUK don’t drop prices, they’re gouging for as long as possible. OCUK do drop prices, they’re dumping stock and it’s a con.
£400 is a good mid range card price in the current climate, whether you like it or not. Comparing to RRP is ridiculous as nothing has sold at that for a long time.
Well done OCUK, it’s not the card for me, but I hope as many as possible get into gamers hands. Thanks for trying to offer good prices.
OCUK don’t drop prices, they’re gouging for as long as possible. OCUK do drop prices, they’re dumping stock and it’s a con.
£400 is a good mid range card price in the current climate, whether you like it or not. Comparing to RRP is ridiculous as nothing has sold at that for a long time.
Well done OCUK, it’s not the card for me, but I hope as many as possible get into gamers hands. Thanks for trying to offer good prices.
Yeah, they are welcome to them. Since for the miners £400 is "cheap" for a 1070, and why are we complaining? A 580 at £300 is a steal, for the amount of hashes it generates, right?
I really don't care about Pascal prices. I won't buy the cards (because I have better things to spend my money on), and yet occasionally I'll pop back in here to moan about the prices, upsetting all the miners in the process. It's win/win
Anything I can do to **** off a crypto miner is a good deed well done
One of them likes to report all my posts, so I'm doing a fairly decent job it would seem Also the 1070 should be £200 and the 580 £150, because they're old. Over two years old. And older tech is supposed to get cheaper.
Miners can say, "Welcome to 2018, GPUs prices are here to stay," and that's fine, since they're the only ones paying the over-inflated prices, they can be as expensive as you like. I've got my PS4 and all the outdoor hobbies I enjoy now summer is here
Yeah, they are welcome to them. Since for the miners £400 is "cheap" for a 1070, and why are we complaining? A 580 at £300 is a steal, for the amount of hashes it generates, right?
I really don't care about Pascal prices. I won't buy the cards (because I have better things to spend my money on), and yet occasionally I'll pop back in here to moan about the prices, upsetting all the miners in the process. It's win/win
Anything I can do to **** off a crypto miner is a good deed well done
Also the 1070 should be £200 and the 580 £150, because they're old. Over two years old. And older tech is supposed to get cheaper.
Miners can say, "Welcome to 2018, GPUs prices are here to stay," and that's fine, since they're the only ones paying the over-inflated prices, they can be as expensive as you like. I've got my PS4 and all the outdoor hobbies I enjoy now summer is here
Haha Sorry mate your not important enough to actually **** any miners off were all having a damn good laugh at you..
If you really want to **** off us miners you need to put your hand in your pocket and buy all the cards
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I do agree, and I’ve held off this generation for this reason, pricing is mad. OCUK pricing is still decent given the current climate.
I’m hoping I can pre-order the next gen ti.
Hi there
This is a crazy deal, its a loss leader and an end of month special and the price ends 18:00 TODAY, the price won't be repeated, its just a crazy month end of special:
Palit GeForce GTX 1070Ti Jetstream 8192MB GDDR5 PCI-Express Graphics Card @ £399.95 inc VAT
NE5107T015P2-1041J, Core Clock: 1607MHz, Boost Clock: 1683MHz, Memory: 8192MB 8000MHz GDDR5, Stream Processors: 2432, SLI Ready, VR Ready, PhysX/CUDA Enabled, 2 Years Warranty.
Only £399.95 inc VAT.
ORDER NOW
I took a bite, but I guess you meant end of working day, missed the deal
Yeah, they are welcome to them. Since for the miners £400 is "cheap" for a 1070, and why are we complaining? A 580 at £300 is a steal, for the amount of hashes it generates, right?
I really don't care about Pascal prices. I won't buy the cards (because I have better things to spend my money on), and yet occasionally I'll pop back in here to moan about the prices, upsetting all the miners in the process. It's win/win
Anything I can do to **** off a crypto miner is a good deed well done
Also the 1070 should be £200 and the 580 £150, because they're old. Over two years old. And older tech is supposed to get cheaper.
Miners can say, "Welcome to 2018, GPUs prices are here to stay," and that's fine, since they're the only ones paying the over-inflated prices, they can be as expensive as you like. I've got my PS4 and all the outdoor hobbies I enjoy now summer is here
bear in mind thats a 1070ti not a 1070, it has almost as much cuda cores as a 1080 and was £400, that is a damn good price in this climate. I deffo would have got one but was not around when gibbo put up the offer.
I would be very surprised if the 1100 series cards have the same RRP, I think its very likely they will launch higher than the 1000 series launched with the current market conditions.
Laugh away, please do. I'm not the one buying massively inflated cards chasing a get-rich quick ponzi scheme which, history suggests, will create more losers than winners.
How long is the ROI for cards bought at today's prices? 6 months? 8 months? 12 months? Mining difficulty only goes up, doesn't it, and profits down.
Would seem that buying more cards today would be incredibly risky, even if I wasn't philosophically opposed to the wastefulness of POW crypto (which I am).
Who do you think you're impressing, here?
Either you're saying ROI is not a thing in crypto-mining, or you're just taking offense because I used the term "ponzi scheme". Which is a description of crypto that many actual economists and analyists have used to date.
But crypto as many of us have realised, is something of a cult/religion at this point; despite being nearly useless there are no shortage of acolytes.
This being one of the better explanations as to why crypto is useless...
https://medium.com/@kaistinchcombe/...-is-actually-a-medieval-hellhole-c1ca122efdec
like I said you need to understand how mining works...Not all the BS around it..
Read up on difficulty first...No it doesn't only go up. Start with the basics....Baby steps if you like.......learn about it before you argue against it....otherwise you look silly.
You also have to remember that all miners have an active interest in advocating for crypto.
It's like asking a corn farmer if you should eat corn.
The more miners hype and shill for cryptocurrencies, the more they are "worth", and hence the more profit in mining the coins.
Thus why asking a miner if crypto is "a good thing" guarantees you to get only one answer.
And why miners have to attack any viewpoint that says mining/crypto is "a bad thing". Self-interest, basically.
P.S. You didn't answer the basic question: how long is the current ROI for a 580 or a 1070? Measured in under a year, or more than? With UK energy prices being far from cheap, and card prices being well over RRP, it's got to be at least 6 months.
e: LOLs, using NiceHash calculator, a 1070Ti makes about £17 profit per month at 14p/Kwh.
£400/17 = 23.5 months for ROI.
Wow. That's awful.
e2: Even in the US where leccy is cheaper, mining something like Zcash, ROI is over 12 months. And you guys are still buying cards? Why?
It's like asking a corn farmer if you should eat corn.
The more miners hype and shill for cryptocurrencies, the more they are "worth", and hence the more profit in mining the coins.
Thus why asking a miner if crypto is "a good thing" guarantees you to get only one answer.
And why miners have to attack any viewpoint that says mining/crypto is "a bad thing". Self-interest, basically.
P.S. You didn't answer the basic question: how long is the current ROI for a 580 or a 1070? Measured in under a year, or more than? With UK energy prices being far from cheap, and card prices being well over RRP, it's got to be at least 6 months.
e: LOLs, using NiceHash calculator, a 1070Ti makes about £17 profit per month at 14p/Kwh.
£400/17 = 23.5 months for ROI.
Wow. That's awful.
e2: Even in the US where leccy is cheaper, mining something like Zcash, ROI is over 12 months. And you guys are still buying cards? Why?
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This, Spot on.
My friends are heavily invested, and all they bang on about is this Ceo is making this announcement watch the price go up. oh please the banking system is a little broken, but "money of the people" please.
lols using nicehash calculator
I'll say this one more time for the hard of reading...... Learn about mining. Know what your talking about before trying to argue with actual miners about something you know nothing about......Next you'll be telling Lewis Hamilton how to drive a F1 car because you also own a car......
You might also want to read up a little on trading too....There area plenty of coins/tokens being traded in "cryptoland" that can't and never have been mined.
I didnt answer your "Basic" question as A: DYOR and B: It varies.
But i'll bite..
Bearing in mind your base figures wont be accurate because, well Nicehash. But we can use them as a worst case. A 1070Ti making £17 per month is £612 in 3 years whats that getting towards 30% profit or 10% per year... Try getting that out of your bank..
This next one will blow your mind so you best sit down:
Ok so january 24th 2018 we started mining MSR coin on our own pool.
Please see the results below
I'm mining MSR with 2 rigs of 25 cards in total. A mixture of 570's and 580's.
MSR Paid
And current price as of 01:30 01/5/2018 it's gone up to £1.25 by the time I screenshot it. You can check that on tradeogre 24hr high was $1.46.
MSR Price
So as you can see my current haul of MSR coins are worth $15,554 I'll convert it to GBP for you £11,295
The above also isn't accurate but If I were to tell you I stopped mining MSR 8th april. Only popping back to test wallets and rig stability you might pop an aneurysm. So you can knock a couple or 3 weeks off that if you want to get a daily return or ROI.
I really think you should run along now and leave this thread. Maybe pop back when you know what your talking about.
I'll say this one more time for the hard of reading...... Learn about mining. Know what your talking about before trying to argue with actual miners about something you know nothing about......Next you'll be telling Lewis Hamilton how to drive a F1 car because you also own a car......
You might also want to read up a little on trading too....There area plenty of coins/tokens being traded in "cryptoland" that can't and never have been mined.
I didnt answer your "Basic" question as A: DYOR and B: It varies.
But i'll bite..
Bearing in mind your base figures wont be accurate because, well Nicehash. But we can use them as a worst case. A 1070Ti making £17 per month is £612 in 3 years whats that getting towards 30% profit or 10% per year... Try getting that out of your bank..
This next one will blow your mind so you best sit down:
Ok so january 24th 2018 we started mining MSR coin on our own pool.
Please see the results below
I'm mining MSR with 2 rigs of 25 cards in total. A mixture of 570's and 580's.
MSR PaidAnd current price as of 01:30 01/5/2018 it's gone up to £1.25 by the time I screenshot it. You can check that on tradeogre 24hr high was $1.46.
MSR PriceSo as you can see my current haul of MSR coins are worth $15,554 I'll convert it to GBP for you £11,295
The above also isn't accurate but If I were to tell you I stopped mining MSR 8th april. Only popping back to test wallets and rig stability you might pop an aneurysm. So you can knock a couple or 3 weeks off that if you want to get a daily return or ROI.
I really think you should run along now and leave this thread. Maybe pop back when you know what your talking about.
Except they're only worth anything if you cash them out into fiat (if you can). Which apparently isn't always easy, with some exchanges not allowing cashing out to fiat.
And that brings us to another point... there are crypto coins being "invented" every single day (almost). Many are just copy/pasting Litecoin (etc) code and changing a couple vars in the source. Heck there was a 12 year old in the news recently for doing just that, and "inventing" a new coin.
They can't all be "worth" something; they can't all end up as viable currencies. There are hundreds of altcoins already. Some have already failed; indeed some crypto projects have been funded and then collapsed, with investors losing everything. Quite recently in fact. Others will be valueless in the long term, or never attain any value in the first place.
Yet many, many people are mining these worthless coins in the hope that they become valuable. At which point the theory is they will have mined thousands of them and thus be millionaires.
Beyond that, as you just said, the "worth" of the coins can fluctuate wildly between starting a post and finishing it. They are bloomin' useless as actual currencies, and most people who accept money in exchange for goods or services no longer accept any kind of crypto. That's just fact. Let's not forget that people have already lost vast sums the last time crypto "crashed", and the evidence suggests it will continue to overshoot in both directions, reaching highs and then crashing to new lows. If you "hodl" you always run the risk that the price tomorrow crashes to a point where you've lost money, either in buying currency or in buying hardware.
Which suggests that they very much are a ponzi scheme as (many) economists have come forward to suggest. A ponzi scheme based on "pump and dump" principles, and of evangelising crypto to get injections of cash from newbies. Of course miners/crytpo advocates don't trust bankers or economists or the established world order. Unless they're cashing out their *coins into fiat. You know, to actually have something they can use to buy things.
The whole thing is purely a vehicle for speculators, traders, and fraudsters. As currencies these are non-starters. You can't spend them for starters! Only turn them to fiat.
But assuming you do manage to cash out into fiat (which is actually worth something), then so be it. I still wouldn't get into crypto even if you could guarantee I'd make the sorts of figures you're suggesting (although I'm afraid I'm incredibly dubious that you made £11,000+ in three months with 25 cards. Beyond dubious.).
e: Looking closely at MSR it perfectly encapsulates the joke that is crypto.
8 Feb: "worth" 7c ($0.07)
14 Apr: "worth" 20c
28 Apr: "worth" $2
1 May: "worth" $1
Crazy. MSR is obviously a fairly new coin (I've never heard of it). OK, here it is, "invented" Sep 2017. Price until very recently: a few cents.
So you've done exactly what I described above. Mined a new coin that was valueless in the hope that it gained value. Some speculators came along and "pumped" this new altcoin to $2, at which point they all sold and the value crashed back to $1.
This isn't clever, it's manipulating hype. Pump and dump. Coin will probably be worthless in the long run, along with most of the others.
e2: It's basically the stock market on steroids, with volatility levels that are off the charts. But unlike stocks and shares in companies producing useful outputs, crypto is a worthless "token" that only has a value if we attach a value to it.
And that brings us to another point... there are crypto coins being "invented" every single day (almost). Many are just copy/pasting Litecoin (etc) code and changing a couple vars in the source. Heck there was a 12 year old in the news recently for doing just that, and "inventing" a new coin.
They can't all be "worth" something; they can't all end up as viable currencies. There are hundreds of altcoins already. Some have already failed; indeed some crypto projects have been funded and then collapsed, with investors losing everything. Quite recently in fact. Others will be valueless in the long term, or never attain any value in the first place.
Yet many, many people are mining these worthless coins in the hope that they become valuable. At which point the theory is they will have mined thousands of them and thus be millionaires.
Beyond that, as you just said, the "worth" of the coins can fluctuate wildly between starting a post and finishing it. They are bloomin' useless as actual currencies, and most people who accept money in exchange for goods or services no longer accept any kind of crypto. That's just fact. Let's not forget that people have already lost vast sums the last time crypto "crashed", and the evidence suggests it will continue to overshoot in both directions, reaching highs and then crashing to new lows. If you "hodl" you always run the risk that the price tomorrow crashes to a point where you've lost money, either in buying currency or in buying hardware.
Which suggests that they very much are a ponzi scheme as (many) economists have come forward to suggest. A ponzi scheme based on "pump and dump" principles, and of evangelising crypto to get injections of cash from newbies. Of course miners/crytpo advocates don't trust bankers or economists or the established world order. Unless they're cashing out their *coins into fiat. You know, to actually have something they can use to buy things.
The whole thing is purely a vehicle for speculators, traders, and fraudsters. As currencies these are non-starters. You can't spend them for starters! Only turn them to fiat.
But assuming you do manage to cash out into fiat (which is actually worth something), then so be it. I still wouldn't get into crypto even if you could guarantee I'd make the sorts of figures you're suggesting (although I'm afraid I'm incredibly dubious that you made £11,000+ in three months with 25 cards. Beyond dubious.).
e: Looking closely at MSR it perfectly encapsulates the joke that is crypto.
8 Feb: "worth" 7c ($0.07)
14 Apr: "worth" 20c
28 Apr: "worth" $2
1 May: "worth" $1
Crazy. MSR is obviously a fairly new coin (I've never heard of it). OK, here it is, "invented" Sep 2017. Price until very recently: a few cents.
So you've done exactly what I described above. Mined a new coin that was valueless in the hope that it gained value. Some speculators came along and "pumped" this new altcoin to $2, at which point they all sold and the value crashed back to $1.
This isn't clever, it's manipulating hype. Pump and dump. Coin will probably be worthless in the long run, along with most of the others.
I've read a fair bit about crypto. Mostly on its negative qualities, which is not something miners like to talk about. I actually have a fairly decent grasp on what's going on here, and it's not virtuous. It *is* a get rich quick scheme, and it *is* based on making money by having a few winners and a lot of losers who get left "holding the bags" to use the lingo.
e2: It's basically the stock market on steroids, with volatility levels that are off the charts. But unlike stocks and shares in companies producing useful outputs, crypto is a worthless "token" that only has a value if we attach a value to it.
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25 cards, well that's £7000 or so plus the rest of the 2 rigs your running them in. I bet your electricity bill is quite a fair chunk as well, but I suppose you would have saved on heating.
So the question is how much of that £11,295 is actual profit, after spending out, probably 8 grand in initial start up, plus running costs?
So the question is how much of that £11,295 is actual profit, after spending out, probably 8 grand in initial start up, plus running costs?