Exactly what I'm doing with my HTPC. It's sitting there with a 6GB 1060 and only gets used for VR gaming. Downloaded nicehash and set Windows to power saver and the cards going to pay itself off in a couple of months which is very nice.
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GPU prices go boom
- Thread starter RavenXXX2
- Start date
Exactly what I'm doing with my HTPC. It's sitting there with a 6GB 1060 and only gets used for VR gaming. Downloaded nicehash and set Windows to power saver and the cards going to pay itself off in a couple of months which is very nice.
You have made no money. You've spent everything you made and more on overpriced graphics cards. When these cards flood the market and prices collapse you'll be lucky to break even. Greed does not allow miners to make profit. People that make serious money of crypto do not mine.
Man of Honour
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I think you are failing to understand the investment side of it. I got £200 for 570s and £700 for Vegas. Look in the right place and you will find them at non hyper-inflated prices.
Even after buying 15 RX570s yesterday as a reinvestment, I still have the original value in coins in wallets more than my first investment, so I can have my original investment in cash tomorrow if I wanted and still have the GPUs.
You either do not understand the value of mining cryptos or you have blind hate towards the concept.
Tell that to the person I know currently making £200 a day from his 60 odd 570s
Exactly this
And with the GPUs all paid for!
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About 250 days to break even, add to that electricity too. By that time his 570s will have depreciated a lot and whatever he mines might be worth significantly less too. Once things start to go down and you're heavily invested or into debt you don't think to sell you hope prices will go back up until you panic and sell everything hoping to break even. The proper market players meanwhile make a fortune from miners.Tell that to the person I know currently making £200 a day from his 60 odd 570s
There is no such thing as investment in Crypto. Crypto is more akin to gambling. It takes a special kind of mindset to succeed and that kind of mindset definitely doesn't act like most miners do.
No investment, what is buying GPUs to mine then? A gamble?
I have to stop you there, for example, just mining ETN with 14Khs, after electric you make approx £50-60 a day. 1x 570 pays for itself, after electric within 2 months.
Yes you make lots of money holding coin, which is exactly what miners also do. For example, rather than buying 1 ETN for 12p, I can mine 40-50 for every 12p of electric. They come hand in hand, you make more money mining than just trading unless you want to throw ££££ at a coin straight with hard cash.
Man of Honour
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I think you're numbers are a bit off.
570s are £200-270 at the moment
Best case that's 70 days with all cards paid for, worst case 95 days give or take.
At that hundred day mark he could call it a day sell every one of those on a popular auction site for £100 each and be £6-7k in profit or continue to mine making £150-200 a day.
Thinking that anyone making that kind of money is hanging onto what they've mine for more than a week before cashing it out is delusional.
Oh and I'm the devil by facilitating those miners by running mining pools
Also, you can buy a new 570 with profits to add hash power every 2-3 days speeding up the process.
Only takes 1 month profits to cover a 50% drop in prices.
Soldato
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Given up on PC gaming (for now), bought a Switch to play with and will also be catching up on the PS4 backlog, until the price of graphic card decide to get out of mental institutions 
. New AAAs are riddled with MTX also don't help neither. Sad state of affair with the PC gaming scene at the moment.
. New AAAs are riddled with MTX also don't help neither. Sad state of affair with the PC gaming scene at the moment.
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Got 24 570s sat in a spare room waiting for other parts to arrive
OMG youve got a spare room!
Soldato
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Well it is a case of supply and demand. I now have 10 x GTX 1080ti myself, and for gaming I would only have ever had 2. Now with mining I have 10.
The mining market is relevant. I'm sure the issue here lies with the Nvidia and AMD for now producing enough GPU's.
It's not like they cannot make them, they can. Intel do fine with CPU's and they sell far more CPUs that Nvidia and AMD sell GPU's combined when you include the business market who don't use GPUs typically (integrated GFX only).
The blame is on us miners, but its the manufacturers fauly, and then the manufacturer and the resellers benefit from shortages with price hikes and bigger profits.
The mining market is relevant. I'm sure the issue here lies with the Nvidia and AMD for now producing enough GPU's.
It's not like they cannot make them, they can. Intel do fine with CPU's and they sell far more CPUs that Nvidia and AMD sell GPU's combined when you include the business market who don't use GPUs typically (integrated GFX only).
The blame is on us miners, but its the manufacturers fauly, and then the manufacturer and the resellers benefit from shortages with price hikes and bigger profits.
Permabanned
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You see the thing is complaining about GPU prices going boom because of miners isn't going to get your a new GPU.
Go out and buy that over priced GPU, get it mining when your not using the PC and well it WILL pay for itself in ~3 months or less. If you can't beat em, join em!
Go out and buy that over priced GPU, get it mining when your not using the PC and well it WILL pay for itself in ~3 months or less. If you can't beat em, join em!