So if your a normal user and hate GPU mining,get over it.Try this

[henson0115]

Here is an article for you @FoxEye , try not to have a conniption. Where does it end? <Insert X> is bad for the planet and wasting resources.

Spoiler: TLDR

Researchers at OpenAI in San Francisco revealed an algorithm capable of learning..it required more than 1,000 desktop computers plus a dozen machines running specialized graphics chips crunching intensive calculations for several months.

The effort may have consumed about 2.8 gigawatt-hours of electricity..That’s roughly equal to the output of three nuclear power plants for an hour.

Artificial intelligence routinely produces startling achievements, as computers learn to recognize images, converse, beat humans at sophisticated games, and drive vehicles. But all those advances require staggering amounts of computing power—and electricity—to devise and train algorithms.

lol did you read the article. i think not...

 

[keyser]

I think the tide is turning btw, a lot of crypto on the way down today. Sell! or something... as is my understanding of how crypto works

 

[fx1]

If you need to Mine fictional currency to make money you are either stealing electricity or someone who needs to get a better job. The UK have average of 15-16p per kwh plus a standing charge so its not really that viable here. If i had to put so much effort in to pay for a GPU then id just give up gaming and live in a council flat and spend all my money on heroin.

 

[Doobedoo]

If you need to Mine fictional currency to make money you are either stealing electricity or someone who needs to get a better job. The UK have average of 15-16p per kwh plus a standing charge so its not really that viable here. If i had to put so much effort in to pay for a GPU then id just give up gaming and live in a council flat and spend all my money on heroin.

What .

I think your overdosing on stereotypes their dude.

 

[SkillTim]

Like I said earlier, 3060Ti yields $12.70 for $0.40 electricity. fx1 must be living in fake news world.

 

[Gregster]

Fair play to the OP I say and if he is happy making a bit of cash on the side, surely that is all a good thing? I wouldn't mind doing a bit myself to save on the heating bills but seriously, not for me but I see a few getting a bit upset over this and a little silly really.

 

[Psycho Sonny]

Is there any higher purpose in mining? From what i understand it is like : you get paid to dig a hole and then you get paid to put the dirt back in the hole. And repeat the same process over and over. And from time to time, you get paid a piece of glass that you can exchange right now for a lot of money, that is true.
But your resources go to waste, there is no need for them, it's not like someone needs that hardware power and pays real money for it, then you base your pieces of glass price on how much you got from the guy that used your hardware, it is all a ponzi scheme, some guys are keeping the prices up and they will scam a lot of people in the end.

Lol.

Nobody is propping the price up.

It's supply and demand.

Your clueless

 

[Cadder]

Obviously, yes. Until 100% of all electricity is renewable/sustainable. In the entire country/EU/world.

Every watt you use is an extra watt that needs to be provided. And we're still using non-renewables to provide some of that capacity.

That's probably not the answer you were looking for, but it's the truth. There is a cost of using energy. You can't say, "Ah but mine is renewable!" because a lot of our capacity is not generated by renewables. And if you weren't using it, we'd need less non-renewable capacity. Sorry!

Fair enough that does make sense.

 

[Cadder]

Why are people concerned with electricity cost? At current rates it accounts for ~$0.40 per $12.70 you make. Also, you're using electricity for more "selfish" pursuits than mining. After years of weighing it up, mining is now "good" for my family; that takes priority.

I think you asked another question rather than answer my post you quoted.
Another member has kindly answered though so it doesn't matter now.

 

[random_matt]

https://news.sky.com/story/bitcoin-...0-000-off-the-value-of-a-single-coin-12185292

 

[Pablosammy]

Lol.

Nobody is propping the price up.

It's supply and demand.

Your clueless

Pyramid schemes work on supply and demand, until the demand runs out.

Crypto mining is a gargantuan, criminal waste of resources (60 TWh of energy or so last year, I seem to remember reading?), with that energy doing no real work or solving no real problems. I hope the whole thing crashes into a pile of its own faeces. It's terrible for the planet.

 

[CAT-THE-FIFTH]

The issue is your wearing out your GPU by having it under load 24/7,especially the cooling and the VRAM which gets hammered(and also your PSU). This is fine if you upgrade your GPU often IMHO,but if you tend to keep it for a few years,I hope the GPU has a decent warranty. But then because the miners buy up all the GPUs,it also means warranty replacements get harder to source.

Also another problem is unless you have a spare rig to mine on,then using your primary rig during a lockdown means you are really unable to game or do much with it in the mean time.

All for what?? To justify the Ponzi scheme which is modern GPU pricing where the street prices are going up massively year on year,and RRP seems to be more an "introductory limited time offer". These companies set RRPs which they never stick to - no wonder when even gamers are finding more and more desperate ways to justify paying the stupid pricing,which only means RRPs will rise next generation.

Miners seem to have no problem getting stock not only from retailers but also AMD/Nvidia it appears,so its seems gamers are the lowest priority for these companies. If that is their attitude,they can keep their overpriced GPUs,and sell to their "loyal" mining mates,instead of pretending to "care" about gamers.

 

[gerardfraser]

The crazy is strong lol.

 

[Psycho Sonny]

Pyramid schemes work on supply and demand, until the demand runs out.

Crypto mining is a gargantuan, criminal waste of resources (60 TWh of energy or so last year, I seem to remember reading?), with that energy doing no real work or solving no real problems. I hope the whole thing crashes into a pile of its own faeces. It's terrible for the planet.

The people mining it do so for profit.

The people buying do so as a store of value. Or to hide cash or transactions. Or as an investment.

Ponzi schemes rely on you getting all your friends and family to buy in. Bitcoin doesn't require this.

It sells itself as it's a store of value. It's not a Ponzi scheme. It's pretty much like buying gold. Or mining gold in this instance.

The issue is your wearing out your GPU by having it under load 24/7,especially the cooling and the VRAM which gets hammered(and also your PSU). This is fine if you upgrade your GPU often IMHO,but if you tend to keep it for a few years,I hope the GPU has a decent warranty. But then because the miners buy up all the GPUs,it also means warranty replacements get harder to source.

Also another problem is unless you have a spare rig to mine on,then using your primary rig during a lockdown means you are really unable to game or do much with it in the mean time.

All for what?? To justify the Ponzi scheme which is modern GPU pricing where the street prices are going up massively year on year,and RRP seems to be more an "introductory limited time offer". These companies set RRPs which they never stick to - no wonder when even gamers are finding more and more desperate ways to justify paying the stupid pricing,which only means RRPs will rise next generation.

Miners seem to have no problem getting stock not only from retailers but also AMD/Nvidia it appears,so its seems gamers are the lowest priority for these companies. If that is their attitude,they can keep their overpriced GPUs,and sell to their "loyal" mining mates,instead of pretending to "care" about gamers.

Another clueless post.

GPU mining only wears out the bearings on the fans.

GPU mining is actually a better use of parts than gaming is in terms of wear and tear. Gaming is more harmful than mining is. Because it's now being cycled up and down. It stays in a constant state when mining which is far better for electronics. So mining is better for a gpu than gaming is. The only thing it isn't good for is the fan bearings which can be replaced for a few quid.

Replace the bearings after 2-3 years and your card will still run as slick as ever.

Miners run cards at low power limits as they tend to give better profits with less power draw and less need for active cooling.

Again the wear and tear on the other parts is also negligible. I've never had a decent PSU die on me ever. A motherboard again never had a decent one die on me. PSU also come with 10 year warranty well mine did. So again not an issue if your buying decent parts.

I mined on 10 or so cards and not a single one failed. Neither did either of the other parts.

Even if they did you make your profit before it fails. So even if it does die your still quids in but they don't die. You sell them on 2 months before warranty runs out and buy new cards again.

 

[Jimmy Weirdarms]

Ponzi schemes rely on you getting all your friends and family to buy in. Bitcoin doesn't require this.

Which is why crypto bros aren't constantly polluting the internet with pleas for people to buy their coins. Totally.

Gonna be interesting to watch how the whole 'tether' situation plays out over he next few weeks.

 

[FoxEye]

Which is why crypto bros aren't constantly polluting the internet with pleas for people to buy their coins. Totally.

Gonna be interesting to watch how the whole 'tether' situation plays out over he next few weeks.

Hah, I got served an hour-long YT advert the other day (I watched 10 mins then Googled the company and had a good laugh).

Some chap selling "Genesis Technology".

I just kept wanting to shout "KHHAAAAAAAAAAAAAAAAAN!" whenever he mentioned it.

It's comedy gold tho. He wants people to know about this Genesis thing because - in his own words - he wants to share the wealth. That's why he wants you to buy into his mailing list for £5k Instead of, you know, just telling people for free

It's so awful, it's hillarious.

e: Sorry this post doesn't make sense until I explain that it's all about blockchain The chap in question is trying to sell a newsletter where he lists his 5 "hot pick" buttcoins to invest in that month. And he charges $1000s to receive the newsletter. Somebody tracked his previous "top 5" coins and most of them either flatlined or made a loss..

 

[Poneros]

 

[CAT-THE-FIFTH]

This is like some gamers Stockholm syndrome! Instead of pushing back against high prices,lets join in but we can speculate on cryptocurrency and hope we can make the money back. That assumes most people can bare the sunk costs,and hold onto this until its profitable enough.

Also it makes the issue of pricing worse,as AMD/Nvidia will see sufficient gaming sales at the scalpers pricing and will rise GPU pricing next generation even more,so then you guys have to bet on cryptocurrency even more. If more people mine,then the price will not increase as much. Its a vicious circle. It is actually OK NOT to pay over the odds for something and just wait. Some of you buying a dozen GPUs for mining,multiple rigs,replacing fans in 2 years,etc. The fact that many of you are quickly selling off the GPUs,and jumping onto the latest ones is probably why you are not seeing any problems(its kicked down the line).That is not really what most typical desktop users do(and a lot of gamers buy prebuilt systems too).

More and more gamers are also using smaller rigs(especially those under 20L) with SFX PSUs,which won't be designed to run 24/7 at high constant load especially with the move to semi-passive systems,etc . Some cycling is actually better for SFF systems. Having such systems under thermal load 24/7 actually causes more problems. For example capacitors are only rated for a limited number of hours at those higher peak values(actual longer term lifespan is at lower temperatures),and soaking more heat through them is not a good idea.
The fans will also have to ramp up higher meaning they will wear out quicker and there is added noise. If you are running a larger system it might be not so bad,but in a smaller system it definitely favours the constant upgraders.

In fact this whole thread smacks a bit of smugness,ie,hardware enthusiasts who can afford/justify spending large sums on lots of PCs,running costs,space,parts replacement costs,etc rubbing it in the face of most normal gamers. Many have saved up enough to build their singular PC with a mainstream CPU/GPU,which they actually want to do fun things on.

But they now found that mainstream GPUs have now increased in price,and they would have to run it for ages to try and claw back the added price hike. I know a lot of mainstream gamers,who have just hung onto older GPUs because of the shortages and price hikes.Plus most gamers don't buy super expensive GPUs,ie,most are under £400,infact more like under £300. Most gamers can keep their GPUs for 3~6 years easily which you can see in the Steam GPU statistics. There are people still using Maxwell and Pascal GPUs even now.

If people could afford to find a few £100 extra to spend on their rig upfront they wouldn't be buying mainstream parts.

Its like saying spend £50000 on a new car,instead of the £25000 one you saved up for,because you can rent the first one out for receptions and make a bit extra on the side!

 

[Naff8000]

Funny read. What has today's £10k bitcoin drop done for all of this?

 

[CAT-THE-FIFTH]

Funny read. What has today's £10k bitcoin drop done for all of this?

I would think the enthusiasts in this thread would throw more money at GPUs,and then tell normal gamers to deal with it and find £100s more to buy GPUs,etc?? Or something.