[QUOTE]The profitability of mining is going back up, and graphics card prices may follow suit. That's because even though mining Bitcoin directly via GPUs isn't effective at all (custom ASICs are what you need for Bitcoin), there are hundreds of alternative cryptocurrencies, many of which can only be mined effectively with GPUs.[/QUOTE]
why lie in your headline
[QUOTE=Scot;52949670]why lie in your headline[/QUOTE]
It's not really a lie though. The near constant increases in value Bitcoin sees drives speculation in the altcoins, and as more and more are made, it leaves quite a pool of coins open to speculation that can be mined with a GPU still.
So indirectly, Bitcoin does cause GPU prices to increase. And I wish it would fuck off as I wouldn't mind being able to actually afford a new GPU within my lifetime.
I hope gpu mining cryptos fucking die tbh. I don't give a shit about cryptos in general, just ones that fuck up the component market to the point that some retailers have to charge an additional 10000. or whatever they started doing to anyone who bought more than 1 gpu at once.
So now that Bitcoin is so high, people are trying to buy into crypto currency now? Shouldn't you be doing the opposite, buying low?
[QUOTE=SGTNAPALM;52949851]So now that Bitcoin is so high, people are trying to buy into crypto currency now? Shouldn't you be doing the opposite, buying low?[/QUOTE]
It's an easy way to make a quick buck or two seeing how bitcoin is still going up, it's assumed to go up to 20k next year but all in all it is gambling.
Sorry, you need to Log In to post a reply to this thread.