CryptoCurrency and GPUs on the rise again?

[Verral]

Hello from Russia, folks.
I was planning to build a new PC a couple months ago but decided to wait until June as I was about to get a pay rise in the end of May.
Guess what? It's nearly impossible to find 1060/70s and their AMD alternatives in russian shops now.
Those shops who still have them in stock started selling those GPUs for 30% higher than they used to sell for in late April.

[Denpepe]

http://wccftech.com/nvidia-pascal-gp...ance-detailed/

Some details about the "new" nvidia mining cards for those interested.

[Deleted]

Just so I do not go off topic, that much, I'll say this - Sure thing. Humanity is already going downside, mentally wise. Keep encouraging this, I TOTALLY SUPPORT IT!

EU citizen signing out.

You sound like a pussy pos.
Grats.

[kail]

It is interesting on how Nvidia and AMD can capitalize on this continuing craze. If anything it gives me more confidence in my portfolio that includes shares for both.

The entire concept of cryptocurrency is amazing IMO with keeping money and payments anonymous and efficient with no bank or card company to rely on. I've dabbed in mining back then and also took a risk in buying the dip when it dropped to $300ish during 2014 (give or take). I sold them early on when I thought $1500 was the peak, made ~$500. I have hopes for BTC and other currencies, but I can't advocate in actual use for them due to volatility.

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Of course bits of code can't replace paper and low value metal money but if people had any brains some centuries ago they wouldn't have allowed the replacement of precious metal money with lesser and lesser valuable metals and then paper.

Currency alone is based on trust. Gold as a commodity is based on trust/demand. You can have two countries stamp the same metal coin, their values could be completely different.

[markos82]

It is interesting on how Nvidia and AMD can capitalize on this continuing craze. If anything it gives me more confidence in my portfolio that includes shares for both.

The entire concept of cryptocurrency is amazing IMO with keeping money and payments anonymous and efficient with no bank or card company to rely on. I've dabbed in mining back then and also took a risk in buying the dip when it dropped to $300ish during 2014 (give or take). I sold them early on when I thought $1500 was the peak, made ~$500. I have hopes for BTC and other currencies, but I can't advocate in actual use for them due to volatility.

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Currency alone is based on trust. Gold as a commodity is based on trust/demand. You can have two countries stamp the same metal coin, their values could be completely different.

Amd with all that craze is sells had some 5x less sales in GPUs than Nvidia, and now it will even have less since new cards (570 and 580 series ) ate old cards with just number 5 infront and a bit redesigned. 580 for mining is worse than 480, costs more, makes less and uses more power. 570 is somehwat better than 470 bit it is not a new card.

[ZenX]

Let alone a rise its a full-blown craze, I was waiting out for Vega's release to make a purchase (2x1070 or 1080 variants etc.) and I sorely regret doing it. There is literally no 1060 6G-1070 or RX 470/80-570/80 in my country now with the stock on RX 460 4G, 1050 Ti 4G, 1080 Base/11G and 1080 Ti rapidly eroding as well.

I will try my chance with a retailer tomorrow to pick-up a 1080 (11 Gbps version) as that and a few 1080 Ti Aero/ FE are all they have right now (I would go for a Ti if it had a proper cooler) and in case of grabbing I will set it down for mining as I am still 2 months away from actually using it.

[skatblast]

I have a friend of a friend that just invested his entire signing bonus from the Marines into bitcoin. He might as well just threw the money into the wind.

[Ealyssa]

I'm aware of all of that but you are also missing a key thing to say and that is that at any point that same value of BitCoin can go back down to those "MEASELY $27" and that makes it a lottery.

To get a bit realistic now. That's nice for THAT guy and him alone. If that would be an often case, everyone would do it. That's why everything, even those millions that we all love to hear about, are under huge MAYBE. Under huge maybe that anyone else will get them EVENTUALLY. I can't rely to that. I can't make a living nor live a life hoping that I get a mercy of BitCoin, 8 years later.

I hardly believe that people (and by people, I mean vast majority that follows BitCoin with their snipe rifles) would sit and wait for BitCoin value to get it's lower value (and as I speak this I even more realize how unstable it is) just so they can buy it and then expect getting millions 8 years later. That would be so naive.

You understand that it's how any investment works right ? You invest in something in hope of it being worth more later. But it's also a "lotery". You investment being a startup, stocks, real estate or bitcoins doesn't change that fact.

Thinking that crypto currencies are different, is not naive. It's actually stupid.

[SLSAMG]

Altcoin/BTC mining is cyclical from my experience. It'll always be worth it when circumstances warrant it, and right now is one of them. Saying people will lose significant amounts of money comes with the territory. That's why one should always do their due diligence. It's like day/swing trading in certain aspects. You know what makes a successful trader? Diversity and the ability to recognize patterns whilst jumping on the opportunity when everyone else is abandoning ship.

If one gets discouraged that easily, they really shouldn't be mining in the first place. There's always deals on used GPU's out there - so snipe them when the opportunity presents itself. You're basically preying on the ignorance of others in the hopes they don't catch on.

Pro-tip - there are no get rich quick schemes in life. If it sounds too good to be true, it probably is. And always do your due diligence.

[ZenX]

I finally got myself 1080 11G (Would have gotten a Ti if the one they had was not an FE) and thanks to the mining craze the store limited the purchase per person as well as requiring you to buy other PC parts with it so I ended up getting the 7350k i3 with it at 20% discount (Already bought a GA-H270-HD3). With that I can now sell my mATX 4770 rig. Sadly I have my HAF XB and X99 build in a friend's house who is on vacation for the week and the card does not fit on the poor b85m-45 so I can't test it out (Don't have any ddr4 sticks readily available to boot the system) ;_;

[SLSAMG]

I have a friend of a friend that just invested his entire signing bonus from the Marines into bitcoin. He might as well just threw the money into the wind.

Putting all your eggs in one basket is a sure way to go broke. Tell your friend to educate himself.