Sudden Drop in Cryptocurrency Prices Hurts Graphics DRAM Market in 3Q21, Says TrendForce

[Chrispy_]

They are probably speaking to the massive drop a few months back.

The massive drop was only a correction of a massive spike. They can't be talking about long-term drops a few months back when the spike itself only existed for days.

If they're talking about long-term trends, the spike/drop in May is just noise to be averaged out, therefore irrelevant and not worth basing long-term trends on (unless they're idiots)
If they're talking about short-term stuff from the last few weeks then they're full of shit because the short-term trend is upwards not downwards.

I'm trying to give them the benefit of the doubt but they've wrong for both possible scenarios. Like I said, they're just spouting nonsense.

 

[Tsukiyomi91]

ETH going v2.0 aka Proof-of-Stake by end of this year, eh? I can already hear those GPU miners moaning and complaining about it is music to my ears.

 

[Chrispy_]

ETH going v2.0 aka Proof-of-Stake by end of this year, eh? I can already hear those GPU miners moaning and complaining about it is music to my ears.

As an ETH miner there shouldn't be any moaning unless people are stupid. This move to proof-of-stake has been well documented and openly talked about for so long now that anyone "caught by surprise" is an oblivious/ignorant moron who deserves all the grief they cause themselves and absolutely zero sympathy. You can't mine eth on a dedicated rig and not see the news about the the London Fork or Eth 2.0 POS.

I'm mining because I had access to cards through SI channels at reasonable prices, I could see a healthy profit in it, and my central heating reclaims waste heat via an air-source heatpump so it's not even "wasted" energy. I'll probably dump my cards on Ebay when it moves to PoS unless something else is profitable; Ravencoin is looking promising but if I'm not making enough per day it's just easier to sell the rigs and reclaim some of the capital cost (ETH mining since late April and had recouped all hardware costs within 3 months).

The good news is that it probably takes 5-6 months to break-even on hardware purchases with current mining profits, so almost none of the miners are going to be buying cards anymore - which should ease supply and reduce scalpers. Come Eth 2.0, we should see a ton of Ampere cards dumped on ebay and responsible miners will hopefully post pictures of the rigs they were in, state that they were mining cards, and demonstrate that they were cooled and handled properly. I'd 100% buy an ex-mining 3070/3080 as long as I could tell that the miner treated card longevity and good cooling as a priority when it was mining ( and most of the multi-GPU rig owners I talk to on Ethermine Discord do indeed prioritise cooling and protecting the investment in their GPUs).

 

[R-T-B]

ETH going v2.0 aka Proof-of-Stake by end of this year, eh? I can already hear those GPU miners moaning and complaining about it is music to my ears.

Actually, I'm in support.

 

[Metroid]

ETH going v2.0 aka Proof-of-Stake by end of this year, eh? I can already hear those GPU miners moaning and complaining about it is music to my ears.

Same thing happened in 2017 to 2018, people thought pos would come in 2018 and no, 2024 - 2025 is more realistic, people saying it will come this or next year is pure bs and speculation, bear market about to hit and with that misery, death, nightmares will also come and for that to disappear it takes a long time, crypto has cycles, so dont get into this bs of eth will go up up and up forever or even go up up and up and stay up, that never happened in crypto, there is always a 95% crash on most coins when the bullrun ends.

 

[Tsukiyomi91]

As an ETH miner there shouldn't be any moaning unless people are stupid. This move to proof-of-stake has been well documented and openly talked about for so long now that anyone "caught by surprise" is an oblivious/ignorant moron who deserves all the grief they cause themselves and absolutely zero sympathy. You can't mine eth on a dedicated rig and not see the news about the the London Fork or Eth 2.0 POS.

I'm mining because I had access to cards through SI channels at reasonable prices, I could see a healthy profit in it, and my central heating reclaims waste heat via an air-source heatpump so it's not even "wasted" energy. I'll probably dump my cards on Ebay when it moves to PoS unless something else is profitable; Ravencoin is looking promising but if I'm not making enough per day it's just easier to sell the rigs and reclaim some of the capital cost (ETH mining since late April and had recouped all hardware costs within 3 months).

The good news is that it probably takes 5-6 months to break-even on hardware purchases with current mining profits, so almost none of the miners are going to be buying cards anymore - which should ease supply and reduce scalpers. Come Eth 2.0, we should see a ton of Ampere cards dumped on ebay and responsible miners will hopefully post pictures of the rigs they were in, state that they were mining cards, and demonstrate that they were cooled and handled properly. I'd 100% buy an ex-mining 3070/3080 as long as I could tell that the miner treated card longevity and good cooling as a priority when it was mining ( and most of the multi-GPU rig owners I talk to on Ethermine Discord do indeed prioritise cooling and protecting the investment in their GPUs).

nice. I wish other miners would follow suit such as recycling the waste heat and using that for something else. From my understanding, ETH proof-of-stake sounds promising. Hopefully the demand for GPUs do go down, causing the prices to fall on top of newer stocks of GPUs being introduced into the wild. I might consider looking at ex-mining GPUs that are in good conditions assuming fresh ones are still out of my range.

 

[Chrispy_]

nice. I wish other miners would follow suit such as recycling the waste heat and using that for something else. From my understanding, ETH proof-of-stake sounds promising. Hopefully the demand for GPUs do go down, causing the prices to fall on top of newer stocks of GPUs being introduced into the wild. I might consider looking at ex-mining GPUs that are in good conditions assuming fresh ones are still out of my range.

Well, it's just how my house came when I bought it and the heat recovery system obviously isn't 100% efficient but it's better on my conscience than just burning electricity and venting it straight out of the window.

 

[R-T-B]

Same thing happened in 2017 to 2018, people thought pos would come in 2018 and no, 2024 - 2025 is more realistic

lolno. I'm not sure where you come up with these numbers. The only reason for the prior delay was due to a hardfork (Ethereum classic). Won't happen again as most are in support.

You should be happy it's going PoS anyways. It's a good thing for everyone.

 

[Metroid]

lolno. I'm not sure where you come up with these numbers. The only reason for the prior delay was due to a hardfork (Ethereum classic). Won't happen again as most are in support.

You should be happy it's going PoS anyways. It's a good thing for everyone.

History backs me up, pos supposed to come in 2016, it was in their eth team devs whitepaper, so here we are 2021 and no pos yet. So if you or anybody think the pos fork will come in few months, you trolls lack common sense based on eth history fork and deadlines, by the way eth devs have changed many times the deadlines, reason they created the ice bombs in hopes to contain missed time deadlines.

I'm happy eth is going pos and that is indeed a step in the right direction, I'm an avid trader that have been very positive about it but like I said before it will take few years yet, thieves are spreading fake news that eth pos is coming in few months and I know that is not real or possible because I have been there since the very beginning.

 

[R-T-B]

History backs me up, pos supposed to come in 2016, it was in their eth team devs whitepaper, so here we are 2021 and no pos yet.

There was also a hardfork just like I said due to miners not agreeing that is not present now, so it seems history backs me up?

Meh, believe whatever We both will know by years end.

 

[Metroid]

There was also a hardfork just like I said due to miners not agreeing that is not present now, so it seems history backs me up?

Meh, believe whatever We both will know by years end.

My projection is based on what eth dev team have done so far and why I say that, yeah could be a miracle and they could deliver eth 2.0 fast and in the end I was wrong, at moment my statement holds true, saying I dont want that to happen is bs, I want eth 2.0 to happen as fast as possible but like I said, based on history that seems very little chance, yes eth is going up now due to many thieves saying eth 2.0 is soon, in 2017 to 2018 was the same thing, I guess they want people to actually believe the bs they are spreading and by the way I hold a lot of eth and I said many times that my goal is to sell as soon as eth gets very close to 5k and i'm hoping thieves will take eth there, so I can sell high and then buy back at 300 usd or lower when all the bs clears out.

 

[R-T-B]

Man, no one knows what the future holds. It's all BS in that regard, your prophecy included.

And of course I could be wrong too. That's basically a given with this stuff.

 

[R0H1T]

I'm pretty sure sure I've seen the future & I tell you it's not pretty! Reptiles ruling over the planet, oh wait maybe that was the past

I have a feeling the age of lizards gonna be back

 

[Chrispy_]

@R-T-B, @Metroid

ETH dev team wants PoS to happen by Dec 4th
ETH dev team has a near 0% track record of doing things on time.

The reality is that PoS is coming, and Dec 4th is the earliest possible time that it could even happen, but empirical data says it will probably be delayed. Whether it's delayed by weeks or by years is anyone's guess but the only certainty with cryptocurrency is that it's unpredictable.

I'll be mining to the bitter end, or until it becomes unprofitable - whichever comes first.
At the moment I get a little over $60 a day profit for doing absolutely nothing so of course I'm going to keep milking this cow.