• Welcome to TechPowerUp Forums, Guest! Please check out our forum guidelines for info related to our community.

BIOSTAR Intros VA47D5RV42 Mining Graphics Card with "RX 470D" GPU

btarunr

Editor & Senior Moderator
Staff member
Joined
Oct 9, 2007
Messages
46,359 (7.68/day)
Location
Hyderabad, India
System Name RBMK-1000
Processor AMD Ryzen 7 5700G
Motherboard ASUS ROG Strix B450-E Gaming
Cooling DeepCool Gammax L240 V2
Memory 2x 8GB G.Skill Sniper X
Video Card(s) Palit GeForce RTX 2080 SUPER GameRock
Storage Western Digital Black NVMe 512GB
Display(s) BenQ 1440p 60 Hz 27-inch
Case Corsair Carbide 100R
Audio Device(s) ASUS SupremeFX S1220A
Power Supply Cooler Master MWE Gold 650W
Mouse ASUS ROG Strix Impact
Keyboard Gamdias Hermes E2
Software Windows 11 Pro
BIOSTAR posted technical specifications of its first graphics card designed for crypto-currency mining, bearing the model number "VA47D5RV42." This card, which is based on the design of its RX 470/480 graphics cards; is built around the Radeon RX 470D chip, and endowed with 4 GB of GDDR5 memory. The RX 470D is a "lite edition" or LE variant of the Polaris 10 silicon, which never made it to the DIY channel market, but occasionally reared its head in the pre-built OEM market. It features fewer stream processors than the RX 470, at 1,792 vs. 2,048. The chip is clocked at 1200 MHz (boost), with 7.00 GHz (GDDR5-effective) memory. Interestingly, unlike most "mining" graphics cards we've seen so far, this card appears to feature a full complement of display outputs, which includes three DisplayPorts and one each of HDMI and DVI. The company didn't reveal pricing.



View at TechPowerUp Main Site
 
Joined
Jan 5, 2006
Messages
17,791 (2.66/day)
System Name AlderLake / Laptop
Processor Intel i7 12700K P-Cores @ 5Ghz / Intel i3 7100U
Motherboard Gigabyte Z690 Aorus Master / HP 83A3 (U3E1)
Cooling Noctua NH-U12A 2 fans + Thermal Grizzly Kryonaut Extreme + 5 case fans / Fan
Memory 32GB DDR5 Corsair Dominator Platinum RGB 6000MHz CL36 / 8GB DDR4 HyperX CL13
Video Card(s) MSI RTX 2070 Super Gaming X Trio / Intel HD620
Storage Samsung 980 Pro 1TB + 970 Evo 500GB + 850 Pro 512GB + 860 Evo 1TB x2 / Samsung 256GB M.2 SSD
Display(s) 23.8" Dell S2417DG 165Hz G-Sync 1440p / 14" 1080p IPS Glossy
Case Be quiet! Silent Base 600 - Window / HP Pavilion
Audio Device(s) Panasonic SA-PMX94 / Realtek onboard + B&O speaker system / Harman Kardon Go + Play / Logitech G533
Power Supply Seasonic Focus Plus Gold 750W / Powerbrick
Mouse Logitech MX Anywhere 2 Laser wireless / Logitech M330 wireless
Keyboard RAPOO E9270P Black 5GHz wireless / HP backlit
Software Windows 11 / Windows 10
Benchmark Scores Cinebench R23 (Single Core) 1936 @ stock Cinebench R23 (Multi Core) 23006 @ stock
I hope it's cheap so miners can buy such cards by bulk instead of buying out gaming cards.....
 
Joined
Jul 16, 2014
Messages
8,116 (2.28/day)
Location
SE Michigan
System Name Dumbass
Processor AMD Ryzen 7800X3D
Motherboard ASUS TUF gaming B650
Cooling Artic Liquid Freezer 2 - 420mm
Memory G.Skill Sniper 32gb DDR5 6000
Video Card(s) GreenTeam 4070 ti super 16gb
Storage Samsung EVO 500gb & 1Tb, 2tb HDD, 500gb WD Black
Display(s) 1x Nixeus NX_EDG27, 2x Dell S2440L (16:9)
Case Phanteks Enthoo Primo w/8 140mm SP Fans
Audio Device(s) onboard (realtek?) - SPKRS:Logitech Z623 200w 2.1
Power Supply Corsair HX1000i
Mouse Steeseries Esports Wireless
Keyboard Corsair K100
Software windows 10 H
Benchmark Scores https://i.imgur.com/aoz3vWY.jpg?2
Nope doubt its any cheaper. But now atleast they are making cards for two different markets.
 
Joined
Jun 28, 2016
Messages
3,595 (1.26/day)
Nope doubt its any cheaper. But now atleast they are making cards for two different markets.
They're not, because this card is simply named as mining. Not much else changes.
For GPU cards to be made for a specific market (mining xor gaming), mining cards have to be unusable in games (e.g. no video output) and gaming cards have to be pointless for mining as much as possible.
 
Joined
Jul 16, 2014
Messages
8,116 (2.28/day)
Location
SE Michigan
System Name Dumbass
Processor AMD Ryzen 7800X3D
Motherboard ASUS TUF gaming B650
Cooling Artic Liquid Freezer 2 - 420mm
Memory G.Skill Sniper 32gb DDR5 6000
Video Card(s) GreenTeam 4070 ti super 16gb
Storage Samsung EVO 500gb & 1Tb, 2tb HDD, 500gb WD Black
Display(s) 1x Nixeus NX_EDG27, 2x Dell S2440L (16:9)
Case Phanteks Enthoo Primo w/8 140mm SP Fans
Audio Device(s) onboard (realtek?) - SPKRS:Logitech Z623 200w 2.1
Power Supply Corsair HX1000i
Mouse Steeseries Esports Wireless
Keyboard Corsair K100
Software windows 10 H
Benchmark Scores https://i.imgur.com/aoz3vWY.jpg?2
not true, thats a bit extreme. intent is a factor here. just like the RX FE card argument, its doesnt have to all the way one way or all the way the other. Just because what one product is intended for does not mean it has to forsake being the other, that would be stupid marketing. a jack of all trades sells better then the master of one.
 
Joined
Feb 12, 2015
Messages
1,104 (0.33/day)
They're not, because this card is simply named as mining. Not much else changes.
For GPU cards to be made for a specific market (mining xor gaming), mining cards have to be unusable in games (e.g. no video output) and gaming cards have to be pointless for mining as much as possible.

That's not at all true.

Having a single DVI or HDMI would always be nice. Price/MH/s is what matters.
 
Joined
Aug 20, 2007
Messages
20,767 (3.41/day)
System Name Pioneer
Processor Ryzen R9 7950X
Motherboard GIGABYTE Aorus Elite X670 AX
Cooling Noctua NH-D15 + A whole lotta Sunon and Corsair Maglev blower fans...
Memory 64GB (4x 16GB) G.Skill Flare X5 @ DDR5-6000 CL30
Video Card(s) XFX RX 7900 XTX Speedster Merc 310
Storage 2x Crucial P5 Plus 2TB PCIe 4.0 NVMe SSDs
Display(s) 55" LG 55" B9 OLED 4K Display
Case Thermaltake Core X31
Audio Device(s) TOSLINK->Schiit Modi MB->Asgard 2 DAC Amp->AKG Pro K712 Headphones or HDMI->B9 OLED
Power Supply FSP Hydro Ti Pro 850W
Mouse Logitech G305 Lightspeed Wireless
Keyboard WASD Code v3 with Cherry Green keyswitches + PBT DS keycaps
Software Gentoo Linux x64
I hope it's cheap so miners can buy such cards by bulk instead of buying out gaming cards.....

What it needs to be to fix this problem is not cheaper, but more energy efficient, rendering normal gpus undesirable.
 

Keullo-e

S.T.A.R.S.
Joined
Dec 16, 2012
Messages
11,011 (2.66/day)
Location
Finland
System Name 4K-gaming
Processor AMD Ryzen 7 5800X up to 5.05GHz
Motherboard Gigabyte B550M Aorus Elite
Cooling Custom loop (CPU+GPU, 240 & 120 rads)
Memory 32GB Kingston HyperX Fury @ DDR4-3466
Video Card(s) PowerColor RX 6700 XT Fighter OC/UV
Storage ~4TB SSD + 6TB HDD
Display(s) Acer 27" 4K120 IPS + Lenovo 32" 4K60 IPS
Case Corsair 4000D Airflow White
Audio Device(s) Asus TUF H3 Wireless
Power Supply EVGA Supernova G2 750W
Mouse Logitech MX518
Keyboard Roccat Vulcan 121 AIMO
VR HMD Oculus Rift CV1
Software Windows 11 Pro
Benchmark Scores It runs Crysis remastered at 4K
This toy money craziness is getting out of control.
 
Joined
Oct 27, 2009
Messages
1,133 (0.21/day)
Location
Republic of Texas
System Name [H]arbringer
Processor 4x 61XX ES @3.5Ghz (48cores)
Motherboard SM GL
Cooling 3x xspc rx360, rx240, 4x DT G34 snipers, D5 pump.
Memory 16x gskill DDR3 1600 cas6 2gb
Video Card(s) blah bigadv folder no gfx needed
Storage 32GB Sammy SSD
Display(s) headless
Case Xigmatek Elysium (whats left of it)
Audio Device(s) yawn
Power Supply Antec 1200w HCP
Software Ubuntu 10.10
Benchmark Scores http://valid.canardpc.com/show_oc.php?id=1780855 http://www.hwbot.org/submission/2158678 http://ww
This toy money craziness is getting out of control.

 

AsRock

TPU addict
Joined
Jun 23, 2007
Messages
18,871 (3.07/day)
Location
UK\USA
Processor AMD 3900X \ AMD 7700X
Motherboard ASRock AM4 X570 Pro 4 \ ASUS X670Xe TUF
Cooling D15
Memory Patriot 2x16GB PVS432G320C6K \ G.Skill Flare X5 F5-6000J3238F 2x16GB
Video Card(s) eVga GTX1060 SSC \ XFX RX 6950XT RX-695XATBD9
Storage Sammy 860, MX500, Sabrent Rocket 4 Sammy Evo 980 \ 1xSabrent Rocket 4+, Sammy 2x990 Pro
Display(s) Samsung 1080P \ LG 43UN700
Case Fractal Design Pop Air 2x140mm fans from Torrent \ Fractal Design Torrent 2 SilverStone FHP141x2
Audio Device(s) Yamaha RX-V677 \ Yamaha CX-830+Yamaha MX-630 Infinity RS4000\Paradigm P Studio 20, Blue Yeti
Power Supply Seasonic Prime TX-750 \ Corsair RM1000X Shift
Mouse Steelseries Sensei wireless \ Steelseries Sensei wireless
Keyboard Logitech K120 \ Wooting Two HE
Benchmark Scores Meh benchmarks.
I hope it's cheap so miners can buy such cards by bulk instead of buying out gaming cards.....

Seriously should be as that GPU heat sink looks pos.
 

hat

Enthusiast
Joined
Nov 20, 2006
Messages
21,731 (3.42/day)
Location
Ohio
System Name Starlifter :: Dragonfly
Processor i7 2600k 4.4GHz :: i5 10400
Motherboard ASUS P8P67 Pro :: ASUS Prime H570-Plus
Cooling Cryorig M9 :: Stock
Memory 4x4GB DDR3 2133 :: 2x8GB DDR4 2400
Video Card(s) PNY GTX1070 :: Integrated UHD 630
Storage Crucial MX500 1TB, 2x1TB Seagate RAID 0 :: Mushkin Enhanced 60GB SSD, 3x4TB Seagate HDD RAID5
Display(s) Onn 165hz 1080p :: Acer 1080p
Case Antec SOHO 1030B :: Old White Full Tower
Audio Device(s) Creative X-Fi Titanium Fatal1ty Pro - Bose Companion 2 Series III :: None
Power Supply FSP Hydro GE 550w :: EVGA Supernova 550
Software Windows 10 Pro - Plex Server on Dragonfly
Benchmark Scores >9000
Seems like they're digging into broken crap GPUs to me. /shrug
 

cdawall

where the hell are my stars
Joined
Jul 23, 2006
Messages
27,680 (4.27/day)
Location
Houston
System Name All the cores
Processor 2990WX
Motherboard Asrock X399M
Cooling CPU-XSPC RayStorm Neo, 2x240mm+360mm, D5PWM+140mL, GPU-2x360mm, 2xbyski, D4+D5+100mL
Memory 4x16GB G.Skill 3600
Video Card(s) (2) EVGA SC BLACK 1080Ti's
Storage 2x Samsung SM951 512GB, Samsung PM961 512GB
Display(s) Dell UP2414Q 3840X2160@60hz
Case Caselabs Mercury S5+pedestal
Audio Device(s) Fischer HA-02->Fischer FA-002W High edition/FA-003/Jubilate/FA-011 depending on my mood
Power Supply Seasonic Prime 1200w
Mouse Thermaltake Theron, Steam controller
Keyboard Keychron K8
Software W10P
Seriously should be as that GPU heat sink looks pos.

Less shaders than the 470 means less heat, means less heat sink needed. The 470 didn't need much already. These will be something like 65w cards good for 24/25 mh/s if equipped with Samsung memory.
 

AsRock

TPU addict
Joined
Jun 23, 2007
Messages
18,871 (3.07/day)
Location
UK\USA
Processor AMD 3900X \ AMD 7700X
Motherboard ASRock AM4 X570 Pro 4 \ ASUS X670Xe TUF
Cooling D15
Memory Patriot 2x16GB PVS432G320C6K \ G.Skill Flare X5 F5-6000J3238F 2x16GB
Video Card(s) eVga GTX1060 SSC \ XFX RX 6950XT RX-695XATBD9
Storage Sammy 860, MX500, Sabrent Rocket 4 Sammy Evo 980 \ 1xSabrent Rocket 4+, Sammy 2x990 Pro
Display(s) Samsung 1080P \ LG 43UN700
Case Fractal Design Pop Air 2x140mm fans from Torrent \ Fractal Design Torrent 2 SilverStone FHP141x2
Audio Device(s) Yamaha RX-V677 \ Yamaha CX-830+Yamaha MX-630 Infinity RS4000\Paradigm P Studio 20, Blue Yeti
Power Supply Seasonic Prime TX-750 \ Corsair RM1000X Shift
Mouse Steelseries Sensei wireless \ Steelseries Sensei wireless
Keyboard Logitech K120 \ Wooting Two HE
Benchmark Scores Meh benchmarks.
True but.

Still looks like shit.
 

cdawall

where the hell are my stars
Joined
Jul 23, 2006
Messages
27,680 (4.27/day)
Location
Houston
System Name All the cores
Processor 2990WX
Motherboard Asrock X399M
Cooling CPU-XSPC RayStorm Neo, 2x240mm+360mm, D5PWM+140mL, GPU-2x360mm, 2xbyski, D4+D5+100mL
Memory 4x16GB G.Skill 3600
Video Card(s) (2) EVGA SC BLACK 1080Ti's
Storage 2x Samsung SM951 512GB, Samsung PM961 512GB
Display(s) Dell UP2414Q 3840X2160@60hz
Case Caselabs Mercury S5+pedestal
Audio Device(s) Fischer HA-02->Fischer FA-002W High edition/FA-003/Jubilate/FA-011 depending on my mood
Power Supply Seasonic Prime 1200w
Mouse Thermaltake Theron, Steam controller
Keyboard Keychron K8
Software W10P

AsRock

TPU addict
Joined
Jun 23, 2007
Messages
18,871 (3.07/day)
Location
UK\USA
Processor AMD 3900X \ AMD 7700X
Motherboard ASRock AM4 X570 Pro 4 \ ASUS X670Xe TUF
Cooling D15
Memory Patriot 2x16GB PVS432G320C6K \ G.Skill Flare X5 F5-6000J3238F 2x16GB
Video Card(s) eVga GTX1060 SSC \ XFX RX 6950XT RX-695XATBD9
Storage Sammy 860, MX500, Sabrent Rocket 4 Sammy Evo 980 \ 1xSabrent Rocket 4+, Sammy 2x990 Pro
Display(s) Samsung 1080P \ LG 43UN700
Case Fractal Design Pop Air 2x140mm fans from Torrent \ Fractal Design Torrent 2 SilverStone FHP141x2
Audio Device(s) Yamaha RX-V677 \ Yamaha CX-830+Yamaha MX-630 Infinity RS4000\Paradigm P Studio 20, Blue Yeti
Power Supply Seasonic Prime TX-750 \ Corsair RM1000X Shift
Mouse Steelseries Sensei wireless \ Steelseries Sensei wireless
Keyboard Logitech K120 \ Wooting Two HE
Benchmark Scores Meh benchmarks.
Sadly yeah, i am wondering what this will do to the secondhand market for video card in the long term.
 

Keullo-e

S.T.A.R.S.
Joined
Dec 16, 2012
Messages
11,011 (2.66/day)
Location
Finland
System Name 4K-gaming
Processor AMD Ryzen 7 5800X up to 5.05GHz
Motherboard Gigabyte B550M Aorus Elite
Cooling Custom loop (CPU+GPU, 240 & 120 rads)
Memory 32GB Kingston HyperX Fury @ DDR4-3466
Video Card(s) PowerColor RX 6700 XT Fighter OC/UV
Storage ~4TB SSD + 6TB HDD
Display(s) Acer 27" 4K120 IPS + Lenovo 32" 4K60 IPS
Case Corsair 4000D Airflow White
Audio Device(s) Asus TUF H3 Wireless
Power Supply EVGA Supernova G2 750W
Mouse Logitech MX518
Keyboard Roccat Vulcan 121 AIMO
VR HMD Oculus Rift CV1
Software Windows 11 Pro
Benchmark Scores It runs Crysis remastered at 4K
Seems like they're digging into broken crap GPUs to me. /shrug
I guess toy money miners will accept everything.
 

cdawall

where the hell are my stars
Joined
Jul 23, 2006
Messages
27,680 (4.27/day)
Location
Houston
System Name All the cores
Processor 2990WX
Motherboard Asrock X399M
Cooling CPU-XSPC RayStorm Neo, 2x240mm+360mm, D5PWM+140mL, GPU-2x360mm, 2xbyski, D4+D5+100mL
Memory 4x16GB G.Skill 3600
Video Card(s) (2) EVGA SC BLACK 1080Ti's
Storage 2x Samsung SM951 512GB, Samsung PM961 512GB
Display(s) Dell UP2414Q 3840X2160@60hz
Case Caselabs Mercury S5+pedestal
Audio Device(s) Fischer HA-02->Fischer FA-002W High edition/FA-003/Jubilate/FA-011 depending on my mood
Power Supply Seasonic Prime 1200w
Mouse Thermaltake Theron, Steam controller
Keyboard Keychron K8
Software W10P
I guess toy money miners will accept everything.

If it cost little and mines well and gets rid of throw away GPU's sounds like a win for companies and consumers.
 

hat

Enthusiast
Joined
Nov 20, 2006
Messages
21,731 (3.42/day)
Location
Ohio
System Name Starlifter :: Dragonfly
Processor i7 2600k 4.4GHz :: i5 10400
Motherboard ASUS P8P67 Pro :: ASUS Prime H570-Plus
Cooling Cryorig M9 :: Stock
Memory 4x4GB DDR3 2133 :: 2x8GB DDR4 2400
Video Card(s) PNY GTX1070 :: Integrated UHD 630
Storage Crucial MX500 1TB, 2x1TB Seagate RAID 0 :: Mushkin Enhanced 60GB SSD, 3x4TB Seagate HDD RAID5
Display(s) Onn 165hz 1080p :: Acer 1080p
Case Antec SOHO 1030B :: Old White Full Tower
Audio Device(s) Creative X-Fi Titanium Fatal1ty Pro - Bose Companion 2 Series III :: None
Power Supply FSP Hydro GE 550w :: EVGA Supernova 550
Software Windows 10 Pro - Plex Server on Dragonfly
Benchmark Scores >9000
I guess toy money miners will accept everything.
You do realize you can transfer bitcoins to a "real" currency of your choice, right? It's not monopoly money.
 
Joined
Jun 28, 2016
Messages
3,595 (1.26/day)
You do realize you can transfer bitcoins to a "real" currency of your choice, right? It's not monopoly money.
You can exchange any kind of goods for money, if someone is willing to pay you (and as long as trading of this commodity is allowed). Bitcoin is no different.
What is different about a proper currency is that it is guaranteed by the state that issues it.

"Toy money" is unnecessary pejorative, but so is "monopoly money".

In the end only one question is important...
Would you invest your life savings (e.g. your retirement account) in Bitcoin?
 
Last edited:

hat

Enthusiast
Joined
Nov 20, 2006
Messages
21,731 (3.42/day)
Location
Ohio
System Name Starlifter :: Dragonfly
Processor i7 2600k 4.4GHz :: i5 10400
Motherboard ASUS P8P67 Pro :: ASUS Prime H570-Plus
Cooling Cryorig M9 :: Stock
Memory 4x4GB DDR3 2133 :: 2x8GB DDR4 2400
Video Card(s) PNY GTX1070 :: Integrated UHD 630
Storage Crucial MX500 1TB, 2x1TB Seagate RAID 0 :: Mushkin Enhanced 60GB SSD, 3x4TB Seagate HDD RAID5
Display(s) Onn 165hz 1080p :: Acer 1080p
Case Antec SOHO 1030B :: Old White Full Tower
Audio Device(s) Creative X-Fi Titanium Fatal1ty Pro - Bose Companion 2 Series III :: None
Power Supply FSP Hydro GE 550w :: EVGA Supernova 550
Software Windows 10 Pro - Plex Server on Dragonfly
Benchmark Scores >9000
Maybe some of it. I wouldn't stake my entire life on Bitcoin. To do so would be foolish; the phrase "don't put all your eggs in one basket" exists for a reason. If I had a decent retirement account though, sure, I'd be willing to invest $3000 or so into some mining hardware. There's a very good chance it will not only pay for itself but become a nice little source of extra income as well, and then you can use that income to grow.
 

cdawall

where the hell are my stars
Joined
Jul 23, 2006
Messages
27,680 (4.27/day)
Location
Houston
System Name All the cores
Processor 2990WX
Motherboard Asrock X399M
Cooling CPU-XSPC RayStorm Neo, 2x240mm+360mm, D5PWM+140mL, GPU-2x360mm, 2xbyski, D4+D5+100mL
Memory 4x16GB G.Skill 3600
Video Card(s) (2) EVGA SC BLACK 1080Ti's
Storage 2x Samsung SM951 512GB, Samsung PM961 512GB
Display(s) Dell UP2414Q 3840X2160@60hz
Case Caselabs Mercury S5+pedestal
Audio Device(s) Fischer HA-02->Fischer FA-002W High edition/FA-003/Jubilate/FA-011 depending on my mood
Power Supply Seasonic Prime 1200w
Mouse Thermaltake Theron, Steam controller
Keyboard Keychron K8
Software W10P
You can exchange any kind of goods for money, if someone is willing to pay you (and as long as trading of this commodity is allowed). Bitcoin is no different.
What is different about a proper currency is that it is guaranteed by the state that issues it.

"Toy money" is unnecessary pejorative, but so is "monopoly money".

In the end only one question is important...
Would you invest you life savings (e.g. your retirement account) in Bitcoin?

Stupid comparison I would invest my like savings in an single point of investment. No retirement account does that so phrasing it that way is asinine. Forbes 100 companies are investing into the "toy money" in both the creation and just currency market.
 
Joined
Jun 28, 2016
Messages
3,595 (1.26/day)
Maybe some of it. I wouldn't stake my entire life on Bitcoin. To do so would be foolish; the phrase "don't put all your eggs in one basket" exists for a reason. If I had a decent retirement account though, sure, I'd be willing to invest $3000 or so into some mining hardware. There's a very good chance it will not only pay for itself but become a nice little source of extra income as well, and then you can use that income to grow.
You're talking about looking for potential profits with high risk.
I'm talking about (basically) preserving the value. About minimizing risk. That's why I mentioned retirement account. :-D

You might be risking a portion of your saving in BTC, but you're still keeping most of it in USD or instruments priced in USD. That's because USD is stable. It's safe money.

Mind you, there are countries on Earth that don't have a privilage of stable state money. They actually put their saving in something else, usually... USD (or other currency considered safe, like EUR or CHF).
I'm from a country that had such problems 20 years ago - maybe that's because I value state money so highly, while people in US don't know how it is to live with >100% inflation. But no offence - good for you...

Stupid comparison I would invest my like savings in an single point of investment. No retirement account does that so phrasing it that way is asinine. Forbes 100 companies are investing into the "toy money" in both the creation and just currency market.
If you invest in US, your investments are most likely evaluated in USD. So you're implicitly investing in USD as well, just with very low risk. When you keep USD cash at home, you're also investing in USD.
It's like trading currency pairs on FOREX. When I buy a pair, e.g. EUR/USD, my profit depends on performance of both currencies.

And companies are not investing in cryptocurrencies as money. They try to utilize the concept of blockchain, because it solves a lot of problems. But this has nothing to do with mining. Actually, it has nothing to do with the currencies you know today. Corporations create in-house, "closed" blockchains. And they're mostly designed for improving internal processes.
So yes, there might come a day when you'll be able to pay your electricity bill or insurance with Bitcoin. But this is not what electric and insurance companies see as the actual benefit of blockchain (something worth investing billions).
 
Last edited:

hat

Enthusiast
Joined
Nov 20, 2006
Messages
21,731 (3.42/day)
Location
Ohio
System Name Starlifter :: Dragonfly
Processor i7 2600k 4.4GHz :: i5 10400
Motherboard ASUS P8P67 Pro :: ASUS Prime H570-Plus
Cooling Cryorig M9 :: Stock
Memory 4x4GB DDR3 2133 :: 2x8GB DDR4 2400
Video Card(s) PNY GTX1070 :: Integrated UHD 630
Storage Crucial MX500 1TB, 2x1TB Seagate RAID 0 :: Mushkin Enhanced 60GB SSD, 3x4TB Seagate HDD RAID5
Display(s) Onn 165hz 1080p :: Acer 1080p
Case Antec SOHO 1030B :: Old White Full Tower
Audio Device(s) Creative X-Fi Titanium Fatal1ty Pro - Bose Companion 2 Series III :: None
Power Supply FSP Hydro GE 550w :: EVGA Supernova 550
Software Windows 10 Pro - Plex Server on Dragonfly
Benchmark Scores >9000
You're talking about looking for potential profits with high risk.
I'm talking about (basically) preserving the value. About minimizing risk. That's why I mentioned retirement account. :-D

You might be risking a portion of your saving in BTC, but you're still keeping most of it in USD or instruments priced in USD. That's because USD is stable. It's safe money.

Mind you, there are countries on Earth that don't have a privilage of stable state money. They actually put their saving in something else, usually... USD (or other currency considered safe, like EUR or CHF).
I'm from a country that had such problems 20 years ago - maybe that's because I value state money so highly, while people in US don't know how it is to live with >100% inflation. But no offence - good for you...


If you invest in US, your investments are most likely evaluated in USD. So you're implicitly investing in USD as well, just with very low risk. When you keep USD bills at home, your also investing in USD.
It's like trading currency pairs on FOREX. When I buy a pair, e.g. EUR/USD, my profit depends on performance of both currencies.

And companies are not investing in cryptocurrencies as money. They try to utilize the concept of blockchain, because it solves a lot of problems. But this has nothing to do with mining. Actually, it has nothing to do with the currencies you know today. Corporations create in-house, "closed" blockchains. And they're mostly designed for improving internal processes.
So yes, there might come a day when you'll be able to pay your electricity bill or insurance with Bitcoin. But this is not what electric and insurance companies see as the actual benefit of blockchain (something worth investing billions).

While I empathize with your past, I must call out your method of argument. You seem to have an all or nothing approach. Nobody in their right mind would invest their entire life into Bitcoin, be it mining or simply buying BTC. Of course I'm primarily going to use USD. I live in the US, I get paid in USD, and everybody accepts USD as payment. Everything is priced in USD. My method for mining right now is to generate USD, so I can pay some debts I owe more easily/quickly. By investing in Bitcoin through mining I'm essentially generating USD by proxy, yes, but that doesn't mean BTC is worthless. Once I have some debts paid off and I can just earn freely by mining, I might just hold on to my bitcoins and wait for the price to go up. I might use money I generated to make some significant investment. I might stuff it into a savings account where it's safe, but won't grow much.
 

cdawall

where the hell are my stars
Joined
Jul 23, 2006
Messages
27,680 (4.27/day)
Location
Houston
System Name All the cores
Processor 2990WX
Motherboard Asrock X399M
Cooling CPU-XSPC RayStorm Neo, 2x240mm+360mm, D5PWM+140mL, GPU-2x360mm, 2xbyski, D4+D5+100mL
Memory 4x16GB G.Skill 3600
Video Card(s) (2) EVGA SC BLACK 1080Ti's
Storage 2x Samsung SM951 512GB, Samsung PM961 512GB
Display(s) Dell UP2414Q 3840X2160@60hz
Case Caselabs Mercury S5+pedestal
Audio Device(s) Fischer HA-02->Fischer FA-002W High edition/FA-003/Jubilate/FA-011 depending on my mood
Power Supply Seasonic Prime 1200w
Mouse Thermaltake Theron, Steam controller
Keyboard Keychron K8
Software W10P
If you invest in US, your investments are most likely evaluated in USD. So you're implicitly investing in USD as well, just with very low risk. When you keep USD bills at home, your also investing in USD.
It's like trading currency pairs on FOREX. When I buy a pair, e.g. EUR/USD, my profit depends on performance of both currencies.

BTC is currently evaluated in USD as well. As I type that works to $2597.96 USD for 1 BTC. It is a volatile market to play, but the risk/reward is there for those willing to risk on it. Again there are fortune 100 companies that have diversified their investment portfolios to include BTC/ETH.

And companies are not investing in cryptocurrencies as money. They try to utilize the concept of blockchain, because it solves a lot of problems. But this has nothing to do with mining. Actually, it has nothing to do with the currencies you know today. Corporations create in-house, "closed" blockchains. And they're mostly designed for improving internal processes.
So yes, there might come a day when you'll be able to pay your electricity bill or insurance with Bitcoin. But this is not what electric and insurance companies see as the actual benefit of blockchain (something worth investing billions).

I mean other than the ones that are using them no differently than the stock market and currency trading. If there is money to be had fortune 100 and wallstreet companies can and will invest in it, typically regardless of risk.
 
Top