How Bitcoin and cryptocurrencies are hurting gamers

[Gibbo]

That should be obvious, if the mid range cards have all gone up in price then the retail value of the cards above it are forced up as well. The other week we were almost in the ridiculous situation where a 1070 was almost at 1080 prices. Market segmentation is still required so retailers will make sure that each card is priced accordingly.

But this is not strictly true, nearly all of our 1080Ti are actually lower in the price, the mining situation though is impacting pricing on 1080Ti elsewhere, has not impacted the prices of 1080Ti at OcUK. As I've said our pricing on them is quite aggressive, especially considering they now cost us more to buy due to the them going up in price due to memory price increases.

 

[psychas]

ethereum crashed gpu prices should go down , or retailers might just milf for bit longer

 

[triss]

ethereum crashed gpu prices should go down , or retailers might just milf for bit longer

Its supply and demand until GPU stocks rebuild prices wont drop.

 

[Yaayuh!]

ethereum crashed gpu prices should go down , or retailers might just milf for bit longer

 

[ubersonic]

ethereum crashed gpu prices should go down , or retailers might just milf for bit longer

Stifler's mom's RX580 is the ****

 

[Darujhistan]

It's not hurting me I've got £250 more than I would have done but for mining, and until 580's come back to where the I think they should be that's not going to change. I'm still gaming though.

 

[psychas]

Stifler's mom's RX580 is the ****

what i was thinking

 

[jabbz]

Oh! no bankers cannot control everything ahhhhhh!!!
What will they do now?

 

[StriderX]

Oh! no bankers cannot control everything ahhhhhh!!!
What will they do now?

Invest in massive mining farms and control it anyway.

 

[opethdisciple]

Maybe the end is in sight?

 

[Sasahara]

Maybe the end is in sight?

That is already out of date, eth has moved to $227 and the over all crypto market cap is up around 50% since this weeks low.

 

[jabbz]

I'm not sure why banks have not taken over this already!

 

[schneeb]

Mining is a two edged sword. While it has driven prices higher its still possible for gamers to mine while not playing and cover the cost of the hardware they own.

only if you dont pay the electric bill

 

[jabbz]

Solar or wind power helps if you have it.

 

[Mardukas]

I'm not sure why banks have not taken over this already!

Because western central banks want fiat currency. The ability to create money out of thin air ad infinitum and gain the interest on it.

Cryptocurrencies are all finite.

 

[jabbz]

I just hope this puts an end to their game!

 

[Psycho Sonny]

Because western central banks want fiat currency. The ability to create money out of thin air ad infinitum and gain the interest on it.

Cryptocurrencies are all finite.

why can't they just magic more bitcoins out of thin air?

 

[jeff83nz]

why can't they just magic more bitcoins out of thin air?

Algorithm says no. The only way to create them is to mine them, and the difficulty of mining is set to limit to a preset amount, therefore even if you suddenly 'pumped' a shed tonne more mining power, the difficulty would increase therefore rendering it mute. It is the difference between central control (central bank) and well not.

Clearly there are other risks however, the USD is underwritten in effect by the US economy & government. no one guarantees a bitcoin, thus its value is derived purely from people believing it has value.

 

[sajtion]

i need the price of amd 580 to come down to original level to buy one. when is this going to happen?

 

[jabbz]

AMD have done well out of all this, and I think it will help boost their development.