When is the approx predicted time that the "mining crash" will happen?

[Abe_R]

Been hearing a lot of things about mining causing GPU prices to be heavily inflated recently but that the bubble created should soon burst which will lower the market price of most cards.

 

Is there any given date where people estimate this will happen and how much will cards like a 1070 or 1080 fall by?

[Guest]

No one really knows. It could be tomorrow or in 50 years. Although gpu approves should stabilize within the next few months (hopefully)

[DarkBlade2117]

that's like asking when Intel will pull their heads out of their asses

[Princess Luna]

2 minutes ago, huilun02 said:

I don't know. Don't have a DeLorean or know how to use a crystal ball.

I have a DeLorean but the last time I tried to go back in time I just got a speeding ticket

[Abe_R]

3 minutes ago, huilun02 said:

I don't know. Don't have a DeLorean or know how to use a crystal ball.

I said approximately :'( 

 

But in all seriousness, I really hope it's soon so I can get a 1070

[Princess Luna]

1 minute ago, Abe_R said:

I said approximately :'( 

 

But in all seriousness, I really hope it's soon so I can get a 1070

In a couple of months I'd believe, right now a shit ton of people is getting into it thinking they can live without working just leave their computers on 24/7... a ton of people mining makes the equations more complex, soon only people with advanced specific hardware will make any profit what so ever like happens with Bitcoin...

 

They will realize they can't pay their bills this way and then the used market will be saturated with Polaris cards for sale.

 

There is no such thing as easy money, I'm pretty sure most people getting into it now will only win regrets.

[Daniel644]

the mining "bubble" in general is unknown, but supposedly some time in September Ethereum is going to do something that should make GPU mining no longer profitable so we should see a large reduction in GPU purchasing, that said Ethereum is already in a nose dive and the rumors the creator died are not helping, it's down like 40% from it's high just 2 weeks ago.

[TheRandomness]

Considering how Ethereum's value has dropped by $28.78 today, alone leads me to believe that the mining bubble pop is going to happen sooner than expected.

[2FA]

Soon^TM

[Moress]

Now. Ethereum is down $100 in the last week and Bitcoin around $400

 

Edit: Sorry bitcoin has been falling for about a month now

[DnFx91]

if anyone knew the answer to this question, nobody would mine..............

[Abe_R]

9 minutes ago, Moress said:

Now. Ethereum is down $100 in the last week and Bitcoin around $400

 

Edit: Sorry bitcoin has been falling for about a month now

If it's a month then that's pretty interesting. I was going to say a week could be attributed to an exogenous variable but this sounds like the start of something bigger.