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

Hodlers Dump Crypto for X'mas? ETH and BTC at Yearly Lows

btarunr

Editor & Senior Moderator
Staff member
Joined
Oct 9, 2007
Messages
38,924 (8.42/day)
Location
Hyderabad, India
Processor AMD Ryzen 7 2700X
Motherboard ASUS ROG Strix B450-E Gaming
Cooling AMD Wraith Prism
Memory 2x 16GB Corsair Vengeance LPX DDR4-3000
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) Creative Sound Blaster Recon3D PCIe
Power Supply Cooler Master MWE Gold 650W
Mouse ASUS ROG Strix Impact
Keyboard Microsoft Sidewinder X4
Software Windows 10 Pro
Prices of the two top crypto-currencies with DIY and small-scale miners, Ethereum and Bitcoin, dropped to yearly lows Monday, with Ethereum falling just a touch below USD $140, and Bitcoin at $4,700. This is in stark contrast to January, when Bitcoin scraped $20,000, making it among the most valuable "currencies" in human history. The direct impact of the crypto-currency slide falls on graphics card prices, at least for currencies which are viable to mine with graphics cards.

Across the board, new graphics card prices are at record lows for the year, with AMD's flagship Radeon RX Vega 64 going for as low as $399 brand-new. These cards were priced upwards of $1,500 and barely available this January. The RX 580, which was priced upwards of $700 in January, can be had for under $200. Prices of NVIDIA "Pascal" graphics cards are similarly low, with the GTX 1070 Ti going for under $400. For whatever strange reason, the GTX 1080 Ti is still marked up, selling for prices on par with RTX 20-series SKUs such as the RTX 2080. You can also expect a torrent of used graphics cards on E-bay and tech forums.



View at TechPowerUp Main Site
 

hat

Enthusiast
Joined
Nov 20, 2006
Messages
21,042 (4.25/day)
Location
Ohio
System Name Starlifter :: Dragonfly
Processor i7 2600k 4.4GHz :: Athlon II x4 630 3.5GHz
Motherboard ASUS P8P67 Pro :: GIgabyte GA-770T-USB3
Cooling Corsair H70 :: Thermaltake Big Typhoon
Memory 2x4GB DDR3 1866 :: 2x1GB DDR3 1333
Video Card(s) 2x PNY GTX1070 :: none
Storage Plextor M5s 128GB, WDC Black 500GB :: Mushkin Enhanced 60GB SSD, WD RE3 1TB
Display(s) Acer P216HL HDMI :: None
Case Antec SOHO 1030B :: Old White Full Tower
Audio Device(s) Creative X-Fi Titanium Fatal1ty Pro - iLive IT153B Soundbar (optical) :: None
Power Supply FSP Hydro GE 550w :: something
Software Windows 10 Pro - Plex Server on Dragonfly
Benchmark Scores >9000
Yeah... I kinda noticed that... hopefully it will go back up, eventually. I've got a decent amount of BTC stored away at this point with two 1070s mining and no withdrawals since like... Feburary?
 
Joined
Aug 3, 2011
Messages
934 (0.29/day)
Location
At the Pub
System Name Single Shot Refresh
Processor 9700K
Motherboard Z390 Srtix E
Cooling Hardline Acrylic w.c
Memory 2x8GB Gskill Royal
Video Card(s) RTX 2080Ti
Storage M.2 970 Evo 1GB
Display(s) 4K 40" BDM4065UC
Case Corsair 750D
Audio Device(s) Onboard
Power Supply Corsair AX1200
Mouse Logitech G502
Keyboard Logitech G910
Software Win 10 x64 atm
Benchmark Scores It Chops
Yeah, super correction in the market id say....
 
Joined
Apr 6, 2009
Messages
211 (0.05/day)
Location
Finland
Processor 4690K @ 4.2GHz
Motherboard Asus Z97-P
Cooling CRYORIG H7
Memory 16GB (2x8GB) HyperX Fury, DDRS 1600MH2
Video Card(s) EVGA GTX 1070 SC Black Edition
Storage Lots
Display(s) 24" Predator GN246HL, 1080p, 144Hz
Case Phanteks P300
Power Supply Corsair CX650
Software Windows 10 Pro
Benchmark Scores 1/0 0.o
Many "hobbyminers" selling their hardware lately as iv'e seen quite many used 1070s and 580s for sale.
 
Joined
Aug 20, 2007
Messages
12,979 (2.78/day)
System Name Pioneer
Processor Intel i9 9900k
Motherboard ASRock Z390 Taichi
Cooling Noctua NH-D15 + A whole lotta Sunon and Corsair Maglev blower fans...
Memory G.SKILL TridentZ Series 32GB (4 x 8GB) DDR4-3200 @ 14-14-14-34-2T
Video Card(s) AMD RX 5700 XT (XFX THICC Ultra III)
Storage Mushkin Pilot-E 2TB NVMe SSD w/ EKWB M.2 Heatsink
Display(s) 55" LG 55" B9 OLED 4K Display
Case Thermaltake Core X31
Audio Device(s) VGA HDMI->Panasonic SC-HTB20/Schiit Modi MB/Asgard 2 DAC/Amp to AKG Pro K7712 Headphones
Power Supply SeaSonic Prime 750W 80Plus Titanium
Mouse ROCCAT Kone EMP
Keyboard WASD CODE 104-Key w/ Cherry MX Green Keyswitches, Doubleshot Vortex PBT White Transluscent Keycaps
Software Windows 10 Enterprise (yes, it's legit.)
Joined
Jun 15, 2016
Messages
1,041 (0.72/day)
Location
Pristina
System Name My PC
Processor 4670K@4.4GHz
Motherboard Gryphon Z87
Cooling CM 212
Memory 2x8GB+2x4GB @2400GHz
Video Card(s) XFX Radeon RX 580 GTS Black Edition 1425MHz OC+, 8GB
Storage Intel 530 SSD 480GB + Intel 510 SSD 120GB + 2x500GB hdd raid 1
Display(s) HP envy 32 1440p
Case CM Mastercase 5
Audio Device(s) Sbz ZXR
Power Supply Antec 620W
Mouse G502
Keyboard G910
Software Win 10 pro
In my country here they are selling their rigs but still are expensive ;)
 

dorsetknob

"YOUR RMA REQUEST IS CON-REFUSED"
Joined
Mar 17, 2005
Messages
8,575 (1.54/day)
Location
Dorset where else eh? >>> Thats ENGLAND<<<
i check my local gumtree Regulary and i see a few mining rigs up for sale and they stay "for Sale" no one is buying them
even when they part them out they don't sell (ads stay live for 30 days till they expire)
 
Last edited:
Joined
Dec 18, 2005
Messages
7,212 (1.37/day)
System Name money pit..
Processor Intel 9900K 4.8 at 1.152 core voltage minus 0.120 offset
Motherboard Asus rog Strix Z370-F Gaming
Cooling Dark Rock TF air cooler.. Stock vga air coolers with case side fans to help cooling..
Memory 32 gb corsair vengeance 3200
Video Card(s) Palit Gaming Pro OC 2080TI
Storage 150 nvme boot drive partition.. 1T Sandisk sata.. 1T Transend sata.. 1T 970 evo nvme m 2..
Display(s) 27" Asus PG279Q ROG Swift 165Hrz Nvidia G-Sync, IPS.. 2560x1440..
Case Gigabyte mid-tower.. cheap and nothing special..
Audio Device(s) onboard sounds with stereo amp..
Power Supply EVGA 850 watt..
Mouse Logitech G700s
Keyboard Logitech K270
Software Win 10 pro..
Benchmark Scores Firestike 29500.. timepsy 14000..
ouch..

trog
 
Joined
Jan 20, 2014
Messages
299 (0.13/day)
System Name gamingPZ
Processor i7-6700k
Motherboard Asrock Z170M Pro4S
Cooling scythe mugen4
Memory 32GB ddr4 2400mhz crucial ballistix sport lt
Video Card(s) gigabyte GTX 1070 ti
Storage ssd - crucial MX500 1TB
Case silverstone sugo sg10
Power Supply Evga G2 650w
Software win10
good, when btc and eth will cost around 1/10 of current price - I might buy some for longterm hold, lets hope it will hapen in next 52 weeks (and lets hope eth will be alive at that point :D).
"Across the board, new graphics card prices are at record lows for the yea " - duhh... but I just red few articles back that there is unavoidable price increase because of oversupply :laugh::laugh::laugh: and somehow we should grab now while it is still on the shelves... I mean seriously - can we filter out those fake-news price increase analysis and predictions. because we are not far from point where we will read articles " false=true, code it in your scripts now" and no one will bat an eye anymore
 

FordGT90Concept

"I go fast!1!11!1!"
Joined
Oct 13, 2008
Messages
26,052 (6.13/day)
Location
IA, USA
System Name BY-2015
Processor Intel Core i7-6700K (4 x 4.00 GHz) w/ HT and Turbo on
Motherboard MSI Z170A GAMING M7
Cooling Scythe Kotetsu
Memory 2 x Kingston HyperX DDR4-2133 8 GiB
Video Card(s) Sapphire Radeon RX 5500 XT Pulse 8 GiB
Storage Crucial MX300 275 GB, Seagate Exos X12 TB 7200 RPM
Display(s) Samsung SyncMaster T240 24" LCD (1920x1200 HDMI) + Samsung SyncMaster 906BW 19" LCD (1440x900 VGA)
Case Coolermaster HAF 932 w/ USB 3.0 5.25" bay
Audio Device(s) Realtek ALC1150, Micca OriGen+
Power Supply Enermax Platimax 850w
Mouse SteelSeries Sensei RAW
Keyboard Tesoro Excalibur
Software Windows 10 Pro 64-bit
Benchmark Scores Faster than the tortoise; slower than the hare.
It makes sense if you think about it. People are trading alt coins for BTC which they then exchange to dollars. This flow is keeping BTC steady while the rest deflate. BTC will be the last to deflate because everything else is flowing through it.
Totally called it. :roll:

For whatever strange reason, the GTX 1080 Ti is still marked up, selling for prices on par with RTX 20-series SKUs such as the RTX 2080.
Increased demand (RTX disappointing) + reduced supply (NVIDIA wants GTX inventory gone) = inflated price.


Vega 64 is tempting at $400 but...Navi...
 
Last edited:
Joined
Dec 3, 2012
Messages
394 (0.14/day)
Processor Intel i9 9900K @5Ghz 1.33vlts
Motherboard Gigabyte Z390 Aorus Pro Wi-Fi
Cooling BeQuiet Dark Rock 4
Memory 32GB Corsair Vengeance Pro DDR4 3466Mhz
Video Card(s) EVGA RTX 2080
Storage 512GB Gigabyte Aorus NVMe (Boot) 1Tb Crucial NVMe (Games)
Display(s) LG UK850 27in 4K Freesync/G-Sync/HDR 450
Case Fractal Design Meshify C Windowed (Dark Tint)
Audio Device(s) Corsair HS70 Special Edition Wireless Headphones & 7.1 Sound
Power Supply Corsair RMx 850w Gold
Mouse Corsair Glaive RGB
Keyboard HyperX Alloy Elite Mechanical RGB (Cherry Red)
Software Windows 10 Home
Burn you bastards, burn.
 
Joined
Dec 18, 2005
Messages
7,212 (1.37/day)
System Name money pit..
Processor Intel 9900K 4.8 at 1.152 core voltage minus 0.120 offset
Motherboard Asus rog Strix Z370-F Gaming
Cooling Dark Rock TF air cooler.. Stock vga air coolers with case side fans to help cooling..
Memory 32 gb corsair vengeance 3200
Video Card(s) Palit Gaming Pro OC 2080TI
Storage 150 nvme boot drive partition.. 1T Sandisk sata.. 1T Transend sata.. 1T 970 evo nvme m 2..
Display(s) 27" Asus PG279Q ROG Swift 165Hrz Nvidia G-Sync, IPS.. 2560x1440..
Case Gigabyte mid-tower.. cheap and nothing special..
Audio Device(s) onboard sounds with stereo amp..
Power Supply EVGA 850 watt..
Mouse Logitech G700s
Keyboard Logitech K270
Software Win 10 pro..
Benchmark Scores Firestike 29500.. timepsy 14000..
there was a time when this place rated me as crypto master.. now i am just a loser.. but i can still afford a nice 2080ti graphics card.. he he

trog
 

dorsetknob

"YOUR RMA REQUEST IS CON-REFUSED"
Joined
Mar 17, 2005
Messages
8,575 (1.54/day)
Location
Dorset where else eh? >>> Thats ENGLAND<<<
there was a time when this place rated me as crypto master.. now i am just a
Harsh thoughts about yourself Badges come and Badges go ( at least it shows your not post whoring for the Badge :))
 
Joined
Dec 18, 2005
Messages
7,212 (1.37/day)
System Name money pit..
Processor Intel 9900K 4.8 at 1.152 core voltage minus 0.120 offset
Motherboard Asus rog Strix Z370-F Gaming
Cooling Dark Rock TF air cooler.. Stock vga air coolers with case side fans to help cooling..
Memory 32 gb corsair vengeance 3200
Video Card(s) Palit Gaming Pro OC 2080TI
Storage 150 nvme boot drive partition.. 1T Sandisk sata.. 1T Transend sata.. 1T 970 evo nvme m 2..
Display(s) 27" Asus PG279Q ROG Swift 165Hrz Nvidia G-Sync, IPS.. 2560x1440..
Case Gigabyte mid-tower.. cheap and nothing special..
Audio Device(s) onboard sounds with stereo amp..
Power Supply EVGA 850 watt..
Mouse Logitech G700s
Keyboard Logitech K270
Software Win 10 pro..
Benchmark Scores Firestike 29500.. timepsy 14000..
Harsh thoughts about yourself Badges come and Badges go ( at least it shows your not post whoring for the Badge :))
true but i am down about £10000 in real money crypto wise.. but there was a point i was up £20000.. he he he..

it seems money is just like the badge.. it comes and goes.. looking at it this way is less painful.. i will hodle on and hope it goes up again.. :)

trog
 
Joined
Dec 28, 2012
Messages
1,379 (0.51/day)
Perhaps investors finally clued into the fact that crypto currency is a commodity, not a currency, and has 0 value if consumers are not demanding it?

Nah, who am I kidding, all it will take is a minor recession and miners will be throwing gigawatts of power at fake virtual coins again.
 
Joined
Dec 18, 2005
Messages
7,212 (1.37/day)
System Name money pit..
Processor Intel 9900K 4.8 at 1.152 core voltage minus 0.120 offset
Motherboard Asus rog Strix Z370-F Gaming
Cooling Dark Rock TF air cooler.. Stock vga air coolers with case side fans to help cooling..
Memory 32 gb corsair vengeance 3200
Video Card(s) Palit Gaming Pro OC 2080TI
Storage 150 nvme boot drive partition.. 1T Sandisk sata.. 1T Transend sata.. 1T 970 evo nvme m 2..
Display(s) 27" Asus PG279Q ROG Swift 165Hrz Nvidia G-Sync, IPS.. 2560x1440..
Case Gigabyte mid-tower.. cheap and nothing special..
Audio Device(s) onboard sounds with stereo amp..
Power Supply EVGA 850 watt..
Mouse Logitech G700s
Keyboard Logitech K270
Software Win 10 pro..
Benchmark Scores Firestike 29500.. timepsy 14000..
if you look at the way money really works you will find its pretty much all a fake virtual currency based on nothing other than faith as regards its buying power

nothing is real any more. :)

trog
 
Joined
Dec 28, 2012
Messages
1,379 (0.51/day)
if you look at the way money really works you will find its pretty much all a fake virtual currency based on nothing other than faith as regards its buying power

nothing is real any more. :)

trog
The difference between virtual fake money and FIAT fake money, is that the FIAT money, in this case the US dollar, has the will of a stable country, and the might of the US military and economy behind it, and the rest of the world's currencies are pegged to that. We agree that the US dollar is worth a dollar, and thus that dollar continues to be worth a dollar.

Bitcoin has nothing, you could say it has artificial scarcity, but then people just forked it and made tons more of it. It's value fluctuates wildly, making it worthless as an actual currency. Bitcoin is more similar to an actual commodity currency, like gold, except that anybody can go dig in their backyard and find another world's supply of gold, and if you dont want to work with the gold currently available, you can just go mine DIFFERENT gold and throw that into the pot as well.

Then there are the long transaction times. By the time you can actually use it to *buy* something, its value has rapidly changed. And there is the slightly damning fact that everybody tries to convert their bitcoin to cash when the value is high enough, even bitcoin is only valuable because you can trade it for real world $$$.

Cryptocurrency is a commodity, not a currency. At best, it is a commodity currency, but it fails spectacularly at that, as the supply of new crypto is endless, and commodity money only works on a scarce resource we all agree has value. Crypto was simply a geek's answer to money, a needlessly over-complicated idea of how something *could* work that in the real world only comes up as a novelty.
 
D

Deleted member 158293

Guest
Great time of the year, perfect timing to acquire some as gifts too.
 
Joined
Feb 1, 2017
Messages
53 (0.04/day)
System Name maxedoutgamer
Processor i5-4670k @4.2ghz
Motherboard Asrock z87
Cooling Noctua NH-D14
Memory 16GB ddr3 2133
Video Card(s) gtx 1080 (Palit Jetstream)
Storage 512GB Samsung 840pro
Display(s) Acer B286HK - 4K, baby
Case Fractal Design Define R4
Power Supply evga nex650g
Benchmark Scores eeeexcelent
I split and sold my rig: 8x gtx 1080 for 700$ a piece 7 months ago and just few weeks ago bought 1 used gtx 1070 ti for 250$, but I did spare my self a little ETH wotrht of 500$ at that time, now it is100-ish$ and change, I guess I will never bother to exchange these. As it has been said before - these coins was, are like that Tulip mania in Netherlands in 17th century - it was real, real value, real profits... till it was not. Here is nothing new, "blockchain 21th century tehcnology future curency"-my azz - it was, is and will be only greed and stupidity - look these two up before next wave of whatever and one thing is for sure - next wave of next-big something will come and it will trigger all our senses, but that time it will really be real :D
 
Joined
Sep 17, 2014
Messages
12,211 (5.85/day)
Location
Mars
Processor i7 8700k 4.7Ghz @ 1.26v
Motherboard AsRock Fatal1ty K6 Z370
Cooling beQuiet! Dark Rock Pro 3
Memory 16GB Corsair Vengeance LPX 3200/C16
Video Card(s) MSI GTX 1080 Gaming X @ 2100/5500
Storage Samsung 850 EVO 1TB + Samsung 830 256GB + Crucial BX100 250GB + Toshiba 1TB HDD
Display(s) Eizo Foris FG2421
Case Fractal Design Define C TG
Power Supply EVGA G2 750w
Mouse Logitech G502 Protheus Spectrum
Keyboard Sharkoon MK80 (Brown)
Software W10 x64
D

Deleted member 158293

Guest
BTC is down 77% from its ATH on track for 80%+ but it's also still up 340% since beginning of last year.

Nothing out of the ordinary really... for crypto anyways.
 

FordGT90Concept

"I go fast!1!11!1!"
Joined
Oct 13, 2008
Messages
26,052 (6.13/day)
Location
IA, USA
System Name BY-2015
Processor Intel Core i7-6700K (4 x 4.00 GHz) w/ HT and Turbo on
Motherboard MSI Z170A GAMING M7
Cooling Scythe Kotetsu
Memory 2 x Kingston HyperX DDR4-2133 8 GiB
Video Card(s) Sapphire Radeon RX 5500 XT Pulse 8 GiB
Storage Crucial MX300 275 GB, Seagate Exos X12 TB 7200 RPM
Display(s) Samsung SyncMaster T240 24" LCD (1920x1200 HDMI) + Samsung SyncMaster 906BW 19" LCD (1440x900 VGA)
Case Coolermaster HAF 932 w/ USB 3.0 5.25" bay
Audio Device(s) Realtek ALC1150, Micca OriGen+
Power Supply Enermax Platimax 850w
Mouse SteelSeries Sensei RAW
Keyboard Tesoro Excalibur
Software Windows 10 Pro 64-bit
Benchmark Scores Faster than the tortoise; slower than the hare.
Out of the ordinary for something that claims to be a currency.
 
D

Deleted member 158293

Guest
Been this way for the last 10 years since inception, and needs to continue this way for many years to come as the market determines value without bailouts or artificial quantitative easing.
 
Top