Maybe not the smart ones.
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When the Gpu's prices will go down ?
- Thread starter sys6em
- Start date
Thing is there wouldn't have been a shortage if not for mining. So the scalping and retailers were a result of that. Both of the latter taking the pee because of said mining.
Soldato
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It will exist regardless of mining. Take a look at any popular item whether its clothing, tech or toy, if a scalper can take advantage they will.
You only have to look at the consoles and admit they were scalped - needless to say you cant mine on them!
Covid played a part on the supply chain choke, when people stopped working globally once stuff was bought stocks ran dry.
The general point being, there is no flood. Its an overused term and the UK scene proves that. With a high tax and expensive energy price in the first place its less attractive than many other countries to have farms based here. Not arguing elsewhere in the world but now we have lower prices and plenty of stock, as you can see nobody needs them as they were all fighting months ago. We shall see how the Ada/RDNA3 launches go and see if mining impacts this in the UK.
Soldato
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I really hope consumers grow a brain cell and refuse to buy from scalpers next gen. It will teach them a lesson and put them out of pocket. I want scalpers to suffer.
Gamers will be less willing to pay over the odds via scalpers with the current cost of living crisis and the inability to make some of the cost back through mining.
while the demand from miners being non existent will ensure many more cards leave China this time.
while the demand from miners being non existent will ensure many more cards leave China this time.
The big miners are buying up gpu`s and asics now for the next bull run - its how the super cycle works; but only those who planned for it properly by looking at history. Bitsbetrippin has plotted the curve a year ago and those who paid attention are now investing. Will you blame miners when RTX 4000 series supply is non existent??
Ethereum PoW ETHW Network Hashrate Chart - 2Miners
Real time and historical statistics on Ethereum PoW hashrate. This chart shows an estimate of how many hashes per second ETHW miners are performing.
2miners.com
More hash rate than 6 months ago on the network - miners are not leaving and there is no flood of gpu`s (unless you call msrp a flood???)
Soldato
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Few understand this.
arent they switchen to proof of work
Proof of Stake - but that was pushed back (again) till September
EIP-5133: Delaying Difficulty Bomb to mid-September 2022
Delays the difficulty bomb by a further 700000 blocks, to the middle of September 2022.
eips.ethereum.org
Only an idiot would be stockpiling cards now for mining rather than just buying up ETH with prices down as much as they are and POS a few months away. Besides the value of cards are dropping by more per month than what you can mine right now.The big miners are buying up gpu`s and asics now for the next bull run - its how the super cycle works; but only those who planned for it properly by looking at history. Bitsbetrippin has plotted the curve a year ago and those who paid attention are now investing. Will you blame miners when RTX 4000 series supply is non existent??
Ethereum PoW ETHW Network Hashrate Chart - 2Miners
Real time and historical statistics on Ethereum PoW hashrate. This chart shows an estimate of how many hashes per second ETHW miners are performing.
More hash rate than 6 months ago on the network - miners are not leaving and there is no flood of gpu`s (unless you call msrp a flood???)
Soldato
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Quick profit miners will have exited end of 2021. Only chumps too slow to offload will still have the hardware that were not long term miners i.e. opportunists.
The big miners are buying up gpu`s and asics now for the next bull run - its how the super cycle works; but only those who planned for it properly by looking at history. Bitsbetrippin has plotted the curve a year ago and those who paid attention are now investing. Will you blame miners when RTX 4000 series supply is non existent??
Ethereum PoW ETHW Network Hashrate Chart - 2Miners
Real time and historical statistics on Ethereum PoW hashrate. This chart shows an estimate of how many hashes per second ETHW miners are performing.
More hash rate than 6 months ago on the network - miners are not leaving and there is no flood of gpu`s (unless you call msrp a flood???)
Crypto Miners Start Dumping GPUs, RTX 3080s Listed for $523
Finally, the light at the end of the tunnel
Your link brings up hasrate for the week. Looking at the graph for the year shows that the peak has rate was over a petahash and we are down from that in the 800's currently.
GPU Prices Decline 57% Since Jan As Ethereum Mining Profits Go Down | Bitcoinist.com
Data shows GPU prices have continued to go down recently as Ethereum mining profits have been observing a decline.
www.google.com
This one has a graph showing GPU prices vs ethereum **profitability** (which correlates closer than just the price of ethereum.)
Money-printers are worth a lot more than pixel-pushers and the market has demonstrated this.
Try clicking the other tabs , month, year, all time. More hash rate now than back in decmeberCrypto Miners Start Dumping GPUs, RTX 3080s Listed for $523
Finally, the light at the end of the tunnelwww.tomshardware.com
Your link brings up hasrate for the week. Looking at the graph for the year shows that the peak has rate was over a petahash and we are down from that in the 800's currently.
GPU Prices Decline 57% Since Jan As Ethereum Mining Profits Go Down | Bitcoinist.com
Data shows GPU prices have continued to go down recently as Ethereum mining profits have been observing a decline.
This one has a graph showing GPU prices vs ethereum **profitability** (which correlates closer than just the price of ethereum.)
Money-printers are worth a lot more than pixel-pushers and the market has demonstrated this.
Thank you for demonstrating you have no clue how this has worked for the last 2 super cycles.....
We didn't have energy prices through the roof and POS 3 months away the with last super cycles though, just because something has worked out in the past doesn't mean it will this time.
Associate
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With 3 months minimum until launch and prices coming down on existing series to reasonable levels i don't see them getting much lower. I also don't see massive dumps by miner's, some might even take advantage of the lower cost of this last series. yes a few have shed some cards but we are talking ten's of thousands of cards sold, I don't see them online. What i do see are single cards
with sellers trying to get back some cash before the new cards drop especially if they paid top price for them 2k plus. And knowing how long some waited for the last series to be available I wouldn't be parting with it so quickly. Some miners will see new cards as more Hash per hour for the same cost in electric so they might well rush in
and purchase cards as +40% performance might cover the extra cost of electric.
I also wouldn't expect prices at launch to be cheaper, they will be high so you might have to wait 6 months after launch to get sensible prices and hope mining dosn't re surge with demand and hash rate increase to drive prices higher.
Best to wait and see.
with sellers trying to get back some cash before the new cards drop especially if they paid top price for them 2k plus. And knowing how long some waited for the last series to be available I wouldn't be parting with it so quickly. Some miners will see new cards as more Hash per hour for the same cost in electric so they might well rush in
and purchase cards as +40% performance might cover the extra cost of electric.
I also wouldn't expect prices at launch to be cheaper, they will be high so you might have to wait 6 months after launch to get sensible prices and hope mining dosn't re surge with demand and hash rate increase to drive prices higher.
Best to wait and see.
ETH also wasnt the coin of choice in the last super cycle and only really gained prominence in 2020. What will you blame the RTX 4000 shortage on ??
I did. It's down from It's high as I pointed out.
Yes, it's more than last year. It increased throught the bull run, so the further you go back, the bigger the red herring looks. Still down from its high. I also linked to the profitability / GPU price gragh that correlates. Lower profitability has tracked withower GPU prices.
