I Hate Cyber Mining

[TheoneandonlyMrK]

I'm not sure what metrics has to do with this. I'm saying it's unpredictable what tech they'll use. There isn't "mining specific" hardware until after it gets successful (like Bitcoin). No one predicted an Ethereum.. and no one predicted what hardware it'd favor the most. So the AMD market got blindsided.

Gamers now have to deal with an element of chaos that randomly gets thrown into the mix..at any given time. It's only human that they would get pissed. But I don't think they need to take it out on miners. Especially individual ones... who are kind of irrelevant anyways.

This is exactly why im suggesting you read up , Eth was created soley for modern GPUs and no one got blindsided except the likes of me and you , i didn't buy into eth when I should have , or much since.
I have read up since.

 

[StrayKAT]

This is exactly why im suggesting you read up , Eth was created soley for modern GPUs and no one got blindsided except the likes of me and you , i didn't buy into eth when I should have , or much since.

I know the creators had it in mind, but that doesn't make it predictable. It's still exclusive/specialized information early on. It doesn't even prepare the companies who make these chips to adjust. No one knows how much or how little to make, like they can better with gamers.

 

[R-T-B]

I'm not sure what metrics has to do with this. I'm saying it's unpredictable what tech they'll use.

It's more that people just don't watch the metrics. GPU-centric coins doing well? There'll be a gpu-shortage.

 

[thebluebumblebee]

This thread isn't supposed to be about mining. It's supposed to be about the affect that mining is having on the price of GPU's, and the probability of those trying to build a system on a limited budget ending up buying one of these outdated GPU's because that's all they can afford.

 

[R-T-B]

This thread isn't supposed to be about mining. It's supposed to be about the affect that mining is having on the price of GPU's, and the probability of those trying to build a system on a limited budget ending up buying one of these outdated GPU's because that's all they can afford.

That makes it pretty much either a thread about mining, or a dead thread with a basic summary of "prices are high."

 

[Toothless]

Let's put it this way.

Say there is a cookie, a very special cookie that you love very much. Unfortunately many other people enjoy this cookie and buy it like you do. The mass demand of this cookie is now higher than the supply is and prices go up. Are you going to be childish that your cookie is now expensive because people share a common taste or are you going to be an adult and tolerate the new price/leave it until demand lowers?


Or be me and become an early adopter of a 1080Ti and avoid the entire mess.

 

[StrayKAT]

Let's put it this way.

Say there is a cookie, a very special cookie that you love very much. Unfortunately many other people enjoy this cookie and buy it like you do. The mass demand of this cookie is now higher than the supply is and prices go up. Are you going to be childish that your cookie is now expensive because people share a common taste or are you going to be an adult and tolerate the new price/leave it until demand lowers?


Or be me and become an early adopter of a 1080Ti and avoid the entire mess.

There's nothing wrong with the high priced cookie necessarily. That's not the problem. The market will decide if it's really worth it.

It's the fact that it's only high at random times and the baker doesn't have enough analysis to know when to produce larger supplies (and he never will). Nor does the baker even know when the random prices drop and stop producing too many supplies. If someone could predict when a cryptocurrency drops, they'd be a zillionaire.

 

[fullinfusion]

Here's a nice example. The 3 GB version is out of favor with mining, even though it's only ~6% slower than the 6 GB version.
First up, the 3 GB:

How much for the 6 GB version? $105 more or 55% more!

Who really cares.

 

[yotano211]

This thread isn't supposed to be about mining. It's supposed to be about the affect that mining is having on the price of GPU's, and the probability of those trying to build a system on a limited budget ending up buying one of these outdated GPU's because that's all they can afford.

This makes no sense, you want mining but dont want to talk about mining.

 

[jaggerwild]

I see a ton of people dumping there mining gpus on flee bay

 

[Vayra86]

What can I say. Capitalism at its finest. The same system you and I use to earn income. Go figure

 

[Filip Georgievski]

These prices are crazy.
At my country, there are people selling R9 290s for more than 200$.

Thank god, i got my 280x before the craze, paid for it little more than 100$.

 

[R-T-B]

I see a ton of people dumping there mining gpus on flee bay

Not just yet, but that day'll come eventually, yes. It's a cyclic thing.