Chip shortage until 2023

[Poneros]

Electricity wouldn't be a problem if not for all the green cultists with their anti-nuclear zealotry. The world can have all the energy it wants, it just has to stop letting itself be manipulated into bizzare superstitions.

 

[R3v4n]

government has no business telling you how much electricity you use. I have solar panels, I will use as much electricity as i see fit.

Whats probably is going to happen, electricity will go up massively, and guess who is going to suffer the most? Old people and the poor.

Of course they have business telling people how much power they use when they draw it from the national grid, we are in global climate crisis.

It would be incredibly naive of governments to rely on individuals to make sensible decisions, that evidently is not going to happen.

In China in particular the amount of energy being used for bitcoin mining is truly tremendous, at the current rate by 2024, China's bitcoin mining alone will exceed the energy consumption of all of Italy.

A far more fair way to deal with energy is limit each households/businesses usage, than it is to jack up the price 20 fold, because as you point out the only people that will suffer as always will be the poor.

 

[Harlequin]

Problem is the power companies are run for profit, if the 10 card gpu person you mentioned pays their bills no one will care. They rather have wasted energy that is paid for then give out free energy for the needy.
In the UK we are fortunate we do not have a shortage of power, but in Countries where BTC mining is causing power issues you are more likely to see action.

We do havea a shortage of power - the spot prices for buying power from Europe have doubled recently. And remember ,most energy companies are owned by EU countries - or in the case of EDF - the French government.

 

[Harlequin]

Electricity wouldn't be a problem if not for all the green cultists with their anti-nuclear zealotry. The world can have all the energy it wants, it just has to stop letting itself be manipulated into bizzare superstitions.

Muppet. Nothing at all to do with `green cultists` and everything to do with nuclear companies not getting the payments they demand. China and Japan are no longer building `new nuclear` - it`ll be up to the UK government to front the hundreds of billions needed.

 

[Dontrocktheboat]

Of course they have business telling people how much power they use when they draw it from the national grid, we are in global climate crisis.

It would be incredibly naive of governments to rely on individuals to make sensible decisions, that evidently is not going to happen.

In China in particular the amount of energy being used for bitcoin mining is truly tremendous, at the current rate by 2024, China's bitcoin mining alone will exceed the energy consumption of all of Italy.

A far more fair way to deal with energy is limit each households/businesses usage, than it is to jack up the price 20 fold, because as you point out the only people that will suffer as always will be the poor.

Of course they dont.
This Government needs to shut down its coal powered stations before it says anything about trying to tackle "global climate crisis".

 

[Gerard]

If. FTFY.

Try "when".

 

[Robi_uk]

Try "when".

Everything will end someday. As long as it is not in ones lifetime I think most do not care, or are to busy/worried about lots of other more pressing matters in life.

 

[Gerard]

Everything will end someday. As long as it is not in ones lifetime I think most do not care, or are to busy/worried about lots of other more pressing matters in life.

Yeah but crypto is famous for going high then crashing hard, happened numerous times over the years. I don't see that trend changing.

 

[Harlequin]

Of course they dont.
This Government needs to shut down its coal powered stations before it says anything about trying to tackle "global climate crisis".

The UK has 3, yes all of 3 coal fired stations - and 1 is in Northern Ireland. The others were all either decommissioned or converted to either gas or biomass fired.

 

[Robi_uk]

Yeah but crypto is famous for going high then crashing hard, happened numerous times over the years. I don't see that trend changing.

Oh yea, I agree with you there. I think I was more referring to the whole environment power crisis etc.

 

[Dontrocktheboat]

The UK has 3, yes all of 3 coal fired stations - and 1 is in Northern Ireland. The others were all either decommissioned or converted to either gas or biomass fired.

thats 4 too many isnt it?

For the most advanced Western country in Europe, to be still burning COAL to make up its electricity shortfalls, with some stations that are up to 50years old, is nothing short of appalling.

 

[Cooler running]

what kind of legislation? Dont spend your money buying pc parts legislation?

Legislation to stop mining draining the worlds power? Legislation to prevent crypto being used for criminal activities and money laundering? Correct taxation of crypto capital gains? Take your pick my dude.

 

[Benass]

Funny, Guys google Chinas power outaqge, Bitcoin hash decreased, etherium hash gone up in profits buy 50% . china coffing from all this mining stuff, or something.

Interesting development.

 

[Deleted member 77746]

gpu shortage till 2050

 

[Xelene]

Apple will vacate 5nm at some point, there will be loads more capacity freed up at TSMC. As for mining, I think it's a terrible waste of resources.

 

[Harlequin]

Apple will vacate 5nm at some point, there will be loads more capacity freed up at TSMC. As for mining, I think it's a terrible waste of resources.

At least 12 months - 5nm is on risk production for Apple - who have bought up the node and are have just signed too buy up 3nm as well starting in 1 years time - Apple takes TSMC's whole 3nm production capacity for Mac, iPhone, iPad | AppleInsider

 

[KompuKare]

Meanwhile:

https://www.anandtech.com/show/16620/sales-of-fab-tools-surge-to-over-71-billion-in-2020

So the high prices have benefit. More fabs (eventually).
At least in the commodity market (RAM & NAND), all three players (Samsung, Hynix, Micron) have been burned many times by the boom turning to bust.
Wonder how they have planned for any eventual glut?

 

[keyser]

I don't think anyone would care about crypto if they could buy the GPU they wanted I've got all based covered, I'm crypto neutral, so I started mining, this week I made £30 woo here's to zero! But.. if it isn't profitable I could just keep mining waiting for the day it shoots up again! yeah crypto seems ideal for the modern age

 

[McPhee]

A far more fair way to deal with energy is limit each households/businesses usage, than it is to jack up the price 20 fold, because as you point out the only people that will suffer as always will be the poor.

Or... they could add punitive taxes above a threshold, ensuring that the household who and businesses driving up electricity demand are paying for the new (renewable) generation capacity. I believe something similar is already used in parts of Canada, with the primary problem being that it makes EV charging very expensive. Fortunately, the UK government has been subsidising smart charger installations. They can already monitor the power demands of EVs. And it is believed that the long-term goal is to be able to bill vehicle use separately (allowing electricity demand for transport to be taxed at a different rate to domestic).

Problem is, while such a tax would go a long way to addressing the real problems, it wouldn't kill off cryptocurrency mining (and therefore help the gamers secure GPUs). Even if 100% of mining use occurred above the higher use threshold, and even if the tax was at 100%, mining profitability would dip maybe 10% at current prices. And given all of the phony concern voiced on this board is really about "I want MY GPU!", I doubt this will be a popular suggestion

 

[newuser]

We could get unlimited free energy if we start burying whales and elephants and let science turn it into oil.