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any idea when OC will get GPU cards in

I didn't mention anything about 2014 so not sure what your on about there, the point I'm making is that back in 2018 while ethereum dropped it was still minable,

A key thing your missing is in 2018 ASIC's were being blasted out so the GPU's were not creaming it in at all. Would be a nice point if they were out of the equation but it makes a big difference.

If we were able to analyse the graphs and it showed how many ASIC/FPGA devices were mining and showed GPU's it would be far easier to see what the actual mining playing field equates to.

Currently, the most powerful consumer graphics card to mine Ethereum is the Nvidia GTX 1080Ti, which has a price tag of around $970 but let's round that out to $1,000. Trust me, rounding out won't make a difference. At its most efficient, the GTX 1080Ti can mine ethereum at around 50 megahash per second (MH/s).

If you combined two GTX 1080Tis, you could get around 100 MH/s for $2,000.

And there are even more costs associated with graphics card mining that aren't necessary with ASIC mining. When mining with a graphics card, you need a full computer, including the motherboard, processor, RAM, and power supply units, and even a copy of the Windows operating system which can add several hundreds of dollars to the cost on top of the graphics cards themselves.

Meanwhile, Bitmain's E3 ethereum mining device costs $2,150 and can mine at 180 MH/s. So the Bitmain E3 mining ASIC is 80% more efficient for about the same price as two GTX 1080Ti graphics cards, which is significantly more efficient.

And you don't need to buy separate computer parts for ASIC mining. All you need is a web browser to control the ASIC mining devices. So you can use your current laptop, whether it's a Mac or Windows computer, or even your mobile device. You don't necessarily need to buy extra parts.

To top it all off, the Bitmain E3 mining device also draws less power for the same hash rate, which means lower electricity bills.
 
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A key thing your missing is in 2018 ASIC's were being blasted out so the GPU's were not creaming it in at all. Would be a nice point if they were out of the equation but it makes a big difference.

If we were able to analyse the graphs and it showed how many ASIC/FPGA devices were mining and showed GPU's it would be far easier to see what the actual mining playing field equates to.
Many people who got into mining this time around are new comers and are not used to the lean times so I don't think they will be content with making 50p a day off the 3080s they paid over 1k for so would sooner offload the cards.

Also there will be people who will sell up and move into ETH staking
 
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I didn't mention anything about 2014 so not sure what your on about there, the point I'm making is that back in 2018 while ethereum dropped it was still minable, this time around though it's going POS so everyone mining ETH will have to move to something else if they want to continue mining but the next best coins to mine are already only half the profitability of ETH while differculty is fairly low so once people start switching to other coins the differculty of those coins will rocket and profitability will tank, couple that with rapidly increasing energy costs and it will be better to just sell the cards and directly invest into the coins rather than mining at a loss.

ETH in 2018 is where ERGO and RVN are today; mining isnt going to change.
 
ETH in 2018 is where ERGO and RVN are today; mining isnt going to change.

ETH hit $1300 in 2018, ergo is around $12 and RVN is $0.11 so no they are nowhere near ETH and also the combine hash rate is less than 5% of the ethereum hash so is just 20% of ETH miners move to those coins then the profitability would drop to like 60p for a 3080 mining.
 
ETH hit $1300 in 2018, ergo is around $12 and RVN is $0.11 so no they are nowhere near ETH and also the combine hash rate is less than 5% of the ethereum hash so is just 20% of ETH miners move to those coins then the profitability would drop to like 60p for a 3080 mining.

December 2018, ETH was $110 at the end of that cycle. You honestly dont know a lot about crypto do you. Mining isnt going anywhere, and prices will continue to rise.
 
December 2018, ETH was $110 at the end of that cycle. You honestly dont know a lot about crypto do you. Mining isnt going anywhere, and prices will continue to rise.
Yeah and ergo is $12 and RVN is 0.11 in the middle of the cycle so maybe $1 and 0.01 at the end of the cycle.
 
Well if you look around there is plenty of stock for the right price, so by that logic there is no GPU shortage. By shortages we mean prices getting pushed up due to higher demand than supply. There's no doubt that scalpers contributed to that.

I'd suggest you take your own advice.

Scalpers don't create additional demand nor are they responsible for shortages as was said. They are simply a middle man. If nobody bought from them they wouldn't buy more and they would sell at a loss or breakeven what they had. They aren't contributing to demand by any means.

How do scalpers create a higher demand? They cannot. The demand was always there and they are just taking advantage of it.

For example demand for Ps5 is high and so is Xbox but that has nothing to do with scalpers. Yet their price at retailers is the same as MSRP because manufacturers are forcing a price point regardless if demand.

That's how supply and demand works.

If I can only make 10k of a product per month and demand is currently 50k per month at X price. Then I charge the highest price I can get away with instead of X, so demand is just below 10k per month whilst maximising profits. I want to sell as much of that 10k per month as possible at the highest price possible.

By charging more you are actually creating less demand for your product not more. So if anything scalpers actually create less demand for a product not more.

Which can be proven by the fact many on here are complaining about prices and refusing to buy. That would suggest they were willing to buy at X price but not current prices therefore reduced demand to meet supply.

Gpu prices didnt crash in 2014 or 2018....

They certainly did. I remember when 1080ti was £1200 at one point then it went down to £600 at EOL.

It's price started off at around £800 iirc rose to £1200 for top end strix cards then back down to £600.

Same happened with a lot of cards I remember selling all my GPU in Feb/march of 2018 for double what I paid for them. I also remember in April/may they were then worth 50% of what I sold them for.

If that's not a crash then I don't know what is tbh.
 
There wont be a flood of used gpu`s. There wasnt in 2018 nor in 2014

Clearout - GPUs (580's/1070's), watercooling, CPU's, RAM, etc | Overclockers UK Forums

Thats end of 2018 and GTX 1070`s on the MM were still £225 second hand

ASUS STRIX-GTX1070-O8G-Gaming Nvidia Geforce GTX 1070 Graphics Card | Overclockers UK Forums

that one was £230 in november.

You do know in January 2018 the 1060 6 GB was a £300-£400 card right? As in if you wanted one from a retailer that's how much they cost new.

So showing me a second hand 1070 priced at below £250 less than a year later which is a better card than the 1060 proves there was a crash in prices.
 
December 2018, ETH was $110 at the end of that cycle. You honestly dont know a lot about crypto do you. Mining isnt going anywhere, and prices will continue to rise.

What was it's price 11 months previously?

You don't use the price after a 90% crash when people are buying GPU at crazy prices for a ROI you use current pricing which in January he is correct. People at the peak in 2017/2018 were mining when Ethereum was indeed 1300 and as it fell more left.

I can see that same situation albeit not 100% the same playing out when Ethereum stops being mineable and the time bomb really kicks in making it not worthwhile to mine it.

People will leave mining. As they did in early 2018.

You and thont are being ridiculous now. Especially when he mentioned 2018 and no reference to 2014 yet you decided to be selective and talk about 2014 in reference to Ethereum and now he's talking about January-feb of 2018 as that is when the crash was beginning to happen in terms of people realising the tide was turning. The all time high was actually December of 2017. By mid 2018 mining and gpu prices had both been decimated.

If you guys want to make valid arguments. Stop being so selective with your timeline and use the relevant ones.

Nobody cares about gpu prices in December 2018 when the crash happened nearly a year before. Unless you want to use peak GPU prices which was December-January from the year before
 
Scalpers don't create additional demand nor are they responsible for shortages as was said. They are simply a middle man. If nobody bought from them they wouldn't buy more and they would sell at a loss or breakeven what they had. They aren't contributing to demand by any means.

How do scalpers create a higher demand? They cannot. The demand was always there and they are just taking advantage of it.

For example demand for Ps5 is high and so is Xbox but that has nothing to do with scalpers. Yet their price at retailers is the same as MSRP because manufacturers are forcing a price point regardless if demand.

That's how supply and demand works.

If I can only make 10k of a product per month and demand is currently 50k per month at X price. Then I charge the highest price I can get away with instead of X, so demand is just below 10k per month whilst maximising profits. I want to sell as much of that 10k per month as possible at the highest price possible.

By charging more you are actually creating less demand for your product not more. So if anything scalpers actually create less demand for a product not more.

Which can be proven by the fact many on here are complaining about prices and refusing to buy. That would suggest they were willing to buy at X price but not current prices therefore reduced demand to meet supply.
Scalpers may not be the primary cause, but they absolutely can contribute to shortages and price rises. Obviously they are going to target things expected to be in high demand to reduce the risk, but organized scalping groups that buy up a huge amount of stock with bots are capable of creating a shortage in an of itself.
 
If you guys want to make valid arguments. Stop being so selective

OK Selective Sid. The original cherry picker of all posts. :rolleyes:

Can you still make money mining?

Remember you got this name yourself by another forum member. People in glass houses shouldn't throw stones! :cry:

For someone who is a self-selected expert in accountancy, crypto and trading you should know the markets have cycles and patterns.

When anyone refers to 'crashes' you have all the data behind that to show the bull phases too.

When it comes to GPU's we have already had incorrect predictions this year when the 'flood' of gpu's never happened in the May crash.

If your ETH predictions don't play out then we will see in Feb/Mar/Apr wont we?!

Also @Psycho Sonny you have been spieling off a lot of posts to users the past couple of months using the facts I threw at you and your incorrect knowledge of alt coins. Strange how you seem to attack me one minute, then use my information to scorn others passing it off as your own the next. I will take it as a compliment as you seem to have a hard on looking for the moment in threads.
 
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Scalpers may not be the primary cause, but they absolutely can contribute to shortages and price rises. Obviously they are going to target things expected to be in high demand to reduce the risk, but organized scalping groups that buy up a huge amount of stock with bots are capable of creating a shortage in an of itself.

No they cannot that's not how scalping works. You cannot create a shortage buy buying up stock and then selling it on.

It's not like de beers and the diamond market where they controlled 90% or more of the total supply.

Plus scalpers have pretty much been targeted for majority of the past year to the point it's nigh on impossible to get more than 1 GPU at a time.
 
OK Selective Sid. The original cherry picker of all posts. :rolleyes:

Can you still make money mining?

Remember you got this name yourself by another forum member. People in glass houses shouldn't throw stones! :cry:

For someone who is a self-selected expert in accountancy, crypto and trading you should know the markets have cycles and patterns.

When anyone refers to 'crashes' you have all the data behind that to show the bull phases too.

When it comes to GPU's we have already had incorrect predictions this year when the 'flood' of gpu's never happened in the May crash.

If your ETH predictions don't play out then we will see in Feb/Mar/Apr wont we?!

Also @Psycho Sonny you have been spieling off a lot of posts to users the past couple of months using the facts I threw at you and your incorrect knowledge of alt coins. Strange how you seem to attack me one minute, then use my information to scorn others passing it off as your own the next. I will take it as a compliment as you seem to have a hard on looking for the moment in threads.

Sure I do.

At least try and make an argument in this thread and keep it on topic. Rather than spout dribble and take it off topic.

You haven't contributed one constructive post as always.

Someone posted about 2018 and was bang on about the GPU price crash. Yet you decided to incorrectly talk about 2014 when someone was talking about nonsense. Just a game of one upmanship with absolute dribble behind it all.

I posted facts and yet you cannot refute them so now are decided to quote more off topic dribble to deflect.

GPU price crash happened in 2018. I know this for a fact because I sold mine before the crash. I remember it all extremely well.

Yet you still refute this.
 
Can't recall posting about 2014, maybe your confusing me with another poster? Get your facts straight, or is this another one of Sonny's classics - do what I say not what I do? Oh and everyone else is wrong unless your names Sonny? :cry: Yeah, grow up.
 
What was it's price 11 months previously?

You don't use the price after a 90% crash when people are buying GPU at crazy prices for a ROI you use current pricing which in January he is correct. People at the peak in 2017/2018 were mining when Ethereum was indeed 1300 and as it fell more left.

I can see that same situation albeit not 100% the same playing out when Ethereum stops being mineable and the time bomb really kicks in making it not worthwhile to mine it.

People will leave mining. As they did in early 2018.

You and thont are being ridiculous now. Especially when he mentioned 2018 and no reference to 2014 yet you decided to be selective and talk about 2014 in reference to Ethereum and now he's talking about January-feb of 2018 as that is when the crash was beginning to happen in terms of people realising the tide was turning. The all time high was actually December of 2017. By mid 2018 mining and gpu prices had both been decimated.

If you guys want to make valid arguments. Stop being so selective with your timeline and use the relevant ones.

Nobody cares about gpu prices in December 2018 when the crash happened nearly a year before. Unless you want to use peak GPU prices which was December-January from the year before


2014 was mentioned (https://forums.overclockers.co.uk/posts/35143192/), please actually read the thread before hitting reply. Mining isnt going anywhere, i know you want it to but it wont. There was a dip after the crash of 2018, but the numbers mining recovered and steadied (look at the linked 10 years chart for hash rate) In fact it remained steady until January 2021. As for prices, GTX 1060 6GB - Asus | Overclockers UK Forums , thats a £190 gtx 1060 from january 2018, quite easy to actually search this forum for actual prices.
 
2014 was mentioned (https://forums.overclockers.co.uk/posts/35143192/), please actually read the thread before hitting reply. Mining isnt going anywhere, i know you want it to but it wont. There was a dip after the crash of 2018, but the numbers mining recovered and steadied (look at the linked 10 years chart for hash rate) In fact it remained steady until January 2021. As for prices, GTX 1060 6GB - Asus | Overclockers UK Forums , thats a £190 gtx 1060 from january 2018, quite easy to actually search this forum for actual prices.


Thanks for pointing out we can search for items

https://forums.overclockers.co.uk/threads/inno3d-gtx-1060-6gb-gigabyte-gtx-660-2gb.18812646/

there you go Feb 2018 a 1060 selling for £270 second hand on the members market where you aren't allowed to sell for a profit.

Fits my narrative perfectly.

The one you posted was likely a card bough cheap. But we wouldn't want to state the facts in a biased view or argument.

1060 6GB RRP was around £180 new. It then shot up to £300-£400 over time. With it's peak being November 17 - January 18.

This is why this one sold for £270.

If someone paid £180 they obviously cannot sell it for £270 on MM. They likely paid £180 for the one that was sold for £170. You even posted proof of this yourself in the article you linked to.

$250 $280 $310 $530 $330 $300

Yeah I don't see a change in prices at all.

Only a greater than 100% increase and subsequent greater than 40% decrease.

1060 6GB from your link


That is from your link. It is factual that a crash happened in GPU prices in early 2018.

Lets say I bought a 3080 for £650 a year ago. I can sell it now for £1300 on ebay. If in 4 months time the price comes down to £650 you cannot say well that is the same price as a year ago therefore a crash never happened.
 
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