It looks like cryptocurrency mining is driving up Nvidia graphics card prices too - Sensationalist Headlines

[QUOTE=J!NX;52380818]and that's literally why just straight up mining bitcoins themselves is a joke you'll never break even mining them directly unless you started super early on, or are trading bitcoins. They're so massively expensive that mining them even with the best GPU/CPU is impossible. and yet there are people out there that will spend fuckknows how much money on mining computers that will ultimately waste them money[/QUOTE] I think this is the biggest misconception people have about BTC nowadays. Nobody but early adopters with the hardware/power cost advantage or (vast majority) chinese miner farms mine BTC anymore. The #1 reason you are seeing these shortages is due to ETH mining, and it has gotten only worse due to ETH blasting to fucking Zeta Reticuli in the last quarter. It went from single digit dollars to an ATH of 400$. And this is not even accounting for the 10+ tokens and coins that have done the same in the last year. And most of them can also be mined with GPUs. The most extreme case so far is Stratis, a business and enterprise oriented blockchain for business solutions specifically. The ICO (Initial Coin Offering) ended exactly one year ago today, in fact. In that 1 year timespan, this coin has appreciated in value from 0.07$ to 7.902$. That means as of this writing, it has appreciated 112781.71%. A humble 100$ into the ICO back then would have turned into 112781.71$ by now. The only problem is nobody knows the future. I doubt more than a handful of people still hold their ICO-priced tokens, if any at all, having sold earlier for STILL massive gains. But the thought is scary. Consider the fact that this is only one solid token out of hundreds available (of which most are questionable or just don't manage to deliver on their vision sadly). tldr people are either mining ETH or the vast amount of other coins and tokens and then trading them for BTC/more ETH. It's a dark time to be a gamer.

Don't know if it affected prices here. The website I bought my 1060 still has it at more or less the same price. This being Portugal, everything stays expensive for who knows how much time.

I bought a friends' ETH mining rig last summer to take advantage of not having to pay for electricity while living in my campus. After a few days of mining, though, I disassembled it and sold the spare parts because the noise and heat it generated was unbearable in my small cramped room. Hindsight is a funny thing, if I had held onto it until now I might have been able to pay back a portion of my student loan :v:

People are getting mad at the miners when really they should be mad at AMD and Nvidia for under-producing their cards. Mining has been a thing for a very long time now and it's up to them to take the market into account.

[QUOTE=nikomo;52380921]Nvidia and AMD are both going to bring out mining edition cards, they'll be cheaper but have crappy warranties and no display outputs. I suggest you wait until those are released, the prices may go down then. You may also consider buying something Vega-based right as they come out, they'll have initial stock at stores when the cards come out and miners will probably wait to see how fast and efficient Vega is compared to Polaris. Meanwhile gamers can just check out FPS and frametime benchmarks on day one since reviewers will get early samples.[/QUOTE] Technically speaking they already have "mining" edition cards, they're used for render farms and other shit. Its just your average miner isn't going to shell out for a bunch of nvidia quadros and would rather buy a fuckload of consumer end cards instead for the same price. Sooner they make and release actual mining cards the better though, they don't need display outputs and those things will be great for other number crunching tasks which currently are taken up the quadros and such. [editline]20th June 2017[/editline] [QUOTE=Scot;52381221]People are getting mad at the miners when really they should be mad at AMD and Nvidia for under-producing their cards. Mining has been a thing for a very long time now and it's up to them to take the market into account.[/QUOTE] You say that but it can honestly be beyond their control to meet the demand, remember the whole memory issue a while back where producers of the chips couldn't meet supply needs so it ramped up the price of everything that used that memory type.

I've never quite understood the whole craziness behind cryptocurrency. From the outside, it looks like the stock market to the nth degree and a massive waste of power for something that regular society doesn't use from my point of view. But what I do know is now I'm pissed because I'm in need of a GPU upgrade, and that's no longer possible with these prices.

It's weird to see how the rx480/580s prices in the States have caught up with the Turkish prices. :v:

[QUOTE=nagachief;52381265]I've never quite understood the whole craziness behind cryptocurrency. From the outside, it looks like the stock market to the nth degree and a massive waste of power for something that regular society doesn't use from my point of view. But what I do know is now I'm pissed because I'm in need of a GPU upgrade, and that's no longer possible with these prices.[/QUOTE] IMO its sad too b/c all of that power could be used towards actually useful endeavors like [URL="https://en.wikipedia.org/wiki/Folding@home"]Folding@Home[/URL].

[QUOTE=J!NX;52380617]I don't think it's possible for me to take bitcoin miners seriously at all in 2017[/QUOTE] I literally tripled, almost quadrupled my money just holding on to ETH for a few weeks. Crypto is really not a joke The mining of bitcoin specifically though, yeah, I wouldn't advise it. Hell I wouldn't advise mining in the first place but that's just me, plenty disagree.

[QUOTE=LoneWolf_Recon;52381371]IMO its sad too b/c all of that power could be used towards actually useful endeavors like [URL="https://en.wikipedia.org/wiki/Folding@home"]Folding@Home[/URL].[/QUOTE] Legit, if all of the mining power in the world was put to Folding@Home, we might have literal miracle drugs.

[QUOTE=nagachief;52381265]I've never quite understood the whole craziness behind cryptocurrency. From the outside, it looks like the stock market to the nth degree and a massive waste of power for something that regular society doesn't use from my point of view. But what I do know is now I'm pissed because I'm in need of a GPU upgrade, and that's no longer possible with these prices.[/QUOTE] Because cryptotechnology (not currency mostly, but that plays a huge part too) is proving to be a considerable player in the near and potentially far future of computer technology. The "glitch in the system" happened when more and more people started realizing the moneymaking capacity of this new and superbullish market. The fact that the majority of people and a LOT of coins involved with the whole cryptoscene are specifically in it from the currency perspective is what is feeding this meteoric speculative growth and exploding of prices. And unfortunately it is also eclipsing the majority of other, actually revolutionary uses for blockchain tech. I would be lying if I said my motivations for trading crypto weren't financially motivated, but it would also not be true to say that I don't sincerely believe it has a future. [QUOTE=LoneWolf_Recon;52381371]IMO its sad too b/c all of that power could be used towards actually useful endeavors like [URL="https://en.wikipedia.org/wiki/Folding@home"]Folding@Home[/URL].[/QUOTE] Well it's a funny thing, because among the hundreds of tokens there already exist at least 2 major distributed processing projects (to my knowledge) that could considerably boost the efforts of the Folding@Home project. Namely, iExec and Golem. As these projects mature and their teams develop the service, within a few years, the efforts may just be providing figurative dividends far beyond what Folding@Home could currently hope to achieve.

[QUOTE=Reagy;52381223]Technically speaking they already have "mining" edition cards, they're used for render farms and other shit. Its just your average miner isn't going to shell out for a bunch of nvidia quadros and would rather buy a fuckload of consumer end cards instead for the same price. Sooner they make and release actual mining cards the better though, they don't need display outputs and those things will be great for other number crunching tasks which currently are taken up the quadros and such. [/QUOTE] Quadros aren't comparable to the mining cards they're releasing, the mining cards will be intentionally-bastardized cards that'll only be useful for CUDA/OpenCL, whilst Quadros are the full chips with ECC memory and certified drivers. Quadros are meant to be reliable with lots of support, the mining cards are your rusted Lada summer car that's long past any warranty period, and their only reason for existing is to be driven to the ground.

Fucking assholes, I was just about to buy a 1070 for my build before prices suddenly shot up.

Its all about the price/demand I guess with PC becoming more and more popular prices are going up as well. And this bitcoin thing probably affects a few select and powerful cards not all of them. I still think shipping costs are hell on earth since those are definitely the reason shit is cheaper in the us than in europe for example.

All of the 1070s on Amazon shot up more than $75 from when I was first looking at them to a week later.

Might as well just go for a 1080 considering they're barely more expensive than the 1070s are now. Fucking horseshit.

[QUOTE=World Eater;52382077]Might as well just go for a 1080 considering they're barely more expensive than the 1070s are now. Fucking horseshit.[/QUOTE] I mean, to be fair, better card at least :v:

[QUOTE=LoneWolf_Recon;52381371]IMO its sad too b/c all of that power could be used towards actually useful endeavors like [URL="https://en.wikipedia.org/wiki/Folding@home"]Folding@Home[/URL].[/QUOTE] there are coins like that, [url=https://bitcointalk.org/index.php?topic=781352.0]1[/url] [url=https://bitcointalk.org/index.php?topic=603757.0]2[/url]

When will the ETH bubble pop? Will we see fucktons of GPUs for resale in weeks/months/years?

[QUOTE=chipsnapper2;52382693]When will the ETH bubble pop? Will we see fucktons of GPUs for resale in weeks/months/years?[/QUOTE] Towards the fall (it is predicted) cards with 4GB of memory and less will be unable to load a file required to operate

[QUOTE=Ogopogo;52382785]Towards the fall (it is predicted) cards with 4GB of memory and less will be unable to load a file required to operate[/QUOTE] So unfortunately not the 1070s or 1060 6GBs, which is what most of them are probably using.

[QUOTE=*Freezorg*;52381387]I literally tripled, almost quadrupled my money just holding on to ETH for a few weeks. Crypto is really not a joke The mining of bitcoin specifically though, yeah, I wouldn't advise it. Hell I wouldn't advise mining in the first place but that's just me, plenty disagree.[/QUOTE] Nothing like a little survivorship bias to round out discussion on why "investing" in cryptocurrencies is a bad idea.

[QUOTE=Dr. Evilcop;52382966]So unfortunately not the 1070s or 1060 6GBs, but which is what most of them are probably using.[/QUOTE] Still, there will be a glut of affordable and reasonably fast GPUs on ebay and classifieds.

I wish crypto currencies never existed

[QUOTE=chipsnapper2;52380944]I’m in the middle of selling a 380, what am I supposed to do when it is gone? [editline]20th June 2017[/editline] 3GB 1060 is $230+ 6GB 1060 is $270+ [editline]20th June 2017[/editline] MicroCenter hasn’t changed prices yet If you want a 1060 RUN LADS[/QUOTE] Don't buy the 3GB one, it also has a gimped GPU. It's more like a 1050ti than an actual 1060.

[QUOTE=Endzeit7;52383427]I wish crypto currencies never existed[/QUOTE] someone is jealous a/f I know I am, Lobstuzz was at least right on the fuckin' money with that one [QUOTE=Lobstuzz;52380745] I think someone's envious because they didn't jump on the train as early as others.[/QUOTE]

[QUOTE=Snowmew;52382977]Nothing like a little survivorship bias to round out discussion on why "investing" in cryptocurrencies is a bad idea.[/QUOTE] You have no idea what you're talking about. Please put into words why you think investing in crypto[I]technology[/I] (of which the financial aspect is an intrinsic part of, as I mentioned) is a bad idea. The biggest currently existing solutions that are not simply stores of value are currently in the early stages of producing practical use data, not just offering use cases. Ethereum's smart contracts are subject to this the most. One ETH subtoken project I'm vested in that runs on these smart contracts is a closed-end crypto investment fund, TaaS (Token-as-a-Service, a unique concept so far, but not entirely dissimilar from ICOnomi, another conceptually similar fund), which is nearing it's first quarterly payout date. Since it's only performing it's first quarter, I'm personally not expecting any payouts yet (crypto investments take time to mature and return profits), but considering the fact that the fund has successfully invested substantial sums into other assets, not to mention that the token's price itself has tripled this quarter, it's not out of the question that investors do receive a dividend payout this quarter. But the underlying point is this: once this fund DOES pay those dividends, and all us token holders receive them successfully, it will have served a much grander purpose - it proves blockchain solutions work, it proves these Ethereum smart contracts successfully fulfill their purpose. It proves this technology has passed the line from theoretical models into practical models. I am by far not informed or tech-literate enough to explain these things to you, so I urge you to at least read up on the whitepapers, join slack groups, ask questions and do some research of your own. Don't do yourself the disservice of staying ignorant.

[QUOTE=Dr. Evilcop;52382966]So unfortunately not the 1070s or 1060 6GBs, which is what most of them are probably using.[/QUOTE] 1070's yes, 1060's much less so.

Glad I got my 1070 in December, looks like there still about 600-630 for the edition I got. I paid 570 for mine so not a huge price increase. I was hoping the price would drop so I could SLI.

[t]https://cdn.discordapp.com/attachments/211958101706932224/326907658579738635/unknown.png[/t] Here's what its like in canada land