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The 2018 GPU Apocalypse

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1000 to 2000 dollars! I should sell my 1070

 

5 minutes ago, CyberFern0 said:

So mining is free money?

Not really. There are electricity costs and the cost to obtain a mining rig involved as well as the fact that the amount of "free money" given to you decreases over time


 

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CPU: i5 6500, Graphics Card:  ASUS dual gtx 1070, Case: thermaltake core v21, PSU: EVGA 600B, Motherboard: msi b150m bazooka, HDD: WD blue 1tb, SSD: Sandisk z400s 250GB, RAM: Corsair Vengeance LPX DDR4 3000MHz 8gb (x2)

 

 

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Just now, Shreyas1 said:

1000 to 2000 dollars! I should sell my 1070

 

Not really. There are electricity costs and the cost to obtain a mining rig involved as well as the fact that the amount of "free money" given to you decreases over time

But the people in charge of sites like NiceHash, are giving you free money.

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6 hours ago, SilkyDistress said:

F*ck that thing, only reason why I cannot upgrade my GPU atm. :/

Lol I'm not complaining making $700+/month


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Just keeping this here as a backup 980tiZotacStockBIOS.zip☻♥■∞{╚§XÅD{┘Æ╩mYÄÜXτ╕○\╚Θº£¥ΘBM@Q05♠{{↨↨▬§¶‼↕◄►☼1♦  wumbo

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6 hours ago, Skircher5 said:

Has anyone Else Seen That Almost all of the GTX 1070/80s on Amazon Newegg and other big Retailers Are Currently over 1000-2000 Dollars? IS there something Going on that im missing?

Thread merged.


NiceHash Mining Guide

Ethereum Mining Guide

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On 1/10/2018 at 8:49 PM, DavePlays said:

Is it just me, or did the price of GTX 1070 and 1070ti skyrocket in the last couple of days? On newegg, they are either out of stock, or about $1000?!??!?

It's all the people who have to mine cryptocurrencies to afford their tide pod addictions.

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Here's the answer why.

ethusd.PNG.c35a449647830baf0ea615c7ad0e4364.PNG

This chart shows the price of Ethereum over the last 2 weeks. (It's doubled since then). Right now, if you're mining on a single RX 580 you're looking to make $100 per month.

 

With profits like these, of course miners would buy all the cards :P


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Mathresolvermajig: Intel Xeon E3 1240 (Sandy Bridge i7 equivalent)
Framepainting-inator: MSI RX 480 Gaming X 8GB (Sometimes as high as 1450 core, 2310 memory) (mining as we speak)

Attachcorethingy: GA-H61M-S2V-B3

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Brother's Computer:

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Framepainting-inator: GTX 650 Ti

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1 hour ago, CyberFern0 said:

So mining is free money?

No, you must pay for the electricity, so it's not really free. Plus, if you don't have the hardware on hand, that's an upfront cost in order to try to start profiting from cryptocurrency. 


"It pays to keep an open mind, but not so open your brains fall out." - Carl Sagan.

"If you place a piece of bread somewhere on Earth, and another one on that point's antipodes, well you made yourself an Earth-sandwich." - Michael from Vsauce.

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you know this cryptocurreny craze is going out of hand when even GTX 1080Tis are out of stock!!!

yes even GTX1080Ti are reserved by miners

 

 


Budget? Uses? Currency? Location? Operating System? Peripherals? Monitor? Use PCPartPicker wherever possible. 

Quote whom you're replying to, and set option to follow your topics. Or Else we can't see your reply.

 

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Amd and nvidia talked and agree to price fixing. Since they are the duopoly, as long as both agree to set price exorbitant high then consumers will have no choice but to buy them. More profits for these greedy corporations and their share holders.


Sudo make me a sandwich 

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GPUs manufactures are selling all they can produce, but they will lose in the long run if gamers won't be able to buy their cards.
Miners have no brand loyalty and no long term upgrade plan. When it will not be profitable anymore, none of the miners will buy another GPU in their life. On the other hand, gamer that wanted to buy, let's say Vega 56, but bought 1070 instead because of the pricing craze might go directly to Nvidia when time comes to upgrade.  Gamers will also buy additional components like G-sync monitors, games bundles and so on. 

 

Cards manufacturers could solve the problem easily - just lunch dedicated mining cards at a lower cost. Same GPUs but without I/O, Flashy designs, back plates, RGB LEDs, SLI/mGPU support, Games optimization software etc. Gamers won't buy them, miners won't buy the more expensive gaming cards.

AMD tried similar approach with the launch of Vega, but the offer wasn't attractive enough for gamers and they didn't offer another option for miners. I saw mining cards like that on ASUS site but could't find pricing or stock. 

 

But - They don't wants to make mining cards cause if tomorrow morning the mining craze dies they will be stuck with cards they cannot sell.


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people do not specify currency

heck even Linus does the exact same thing

 

 

and yes I see $820usd and 890 then jump to $1150 for a 1080

 

to think one can make $10/day on one card, thats 300/m so payback in 2.5mnths.


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Cryptominers should be illegal because its ruining everything they should all get their money revoked and their hardware should be taken also its not fair to anyone whos not a miner

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I just checked nVidia website and even the Titan Vs are out of stock as well.

 

 

WTF!!!

 

 


Budget? Uses? Currency? Location? Operating System? Peripherals? Monitor? Use PCPartPicker wherever possible. 

Quote whom you're replying to, and set option to follow your topics. Or Else we can't see your reply.

 

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13 hours ago, Godlygamer23 said:

No, you must pay for the electricity, so it's not really free. Plus, if you don't have the hardware on hand, that's an upfront cost in order to try to start profiting from cryptocurrency. 

The people in charge of mining sites are giving you free money. You don't earn the money. That's why it's dumb and shouldn't exist.

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5 hours ago, CyberFern0 said:

The people in charge of mining sites are giving you free money. You don't earn the money. That's why it's dumb and shouldn't exist.

You are earning the money by using your PC to do work. You are consuming and paying for electricity - even if you're not paying for it, you are consuming energy(and someone has to pay for it anyway), and it's therefore not free. And again, if you don't have the hardware on hand, you have to pay for all that.


"It pays to keep an open mind, but not so open your brains fall out." - Carl Sagan.

"If you place a piece of bread somewhere on Earth, and another one on that point's antipodes, well you made yourself an Earth-sandwich." - Michael from Vsauce.

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Jay from Jayztwocents had this to say, that this whole situation is making PC gaming become harder to even think of doing. Its ruining gaming in general, cause we can't play games cause of these problems.  Atleast memory is being worked on this year, especially with the Chinese government getting involved. That's a good sign for now.  But with GPUs being shot up like this, Its just not possible to be on pc anymore.  Here's the video he made on it.

 

 


CPU: i7-4790K   MOBO: Gigabyte GA-Z97X-UD5H-BK  MEM: G.Skill Trident X Series 32GB DDR3-2400 GPU: EVGA GTX 980 Ti SC+

 

 

 

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Posted · Original PosterOP
On 1/15/2018 at 6:00 PM, Mk7-Golf-R said:

Why would they do that, they are selling cards as fast as they can make them. 

Because there comes a point where a company like NVIDIA and AMD need to do the right thing.


DON'T FORGET TO

BEEP BEEP LIKE A SHEEP

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4 hours ago, Godlygamer23 said:

You are earning the money by using your PC to do work. You are consuming and paying for electricity - even if you're not paying for it, you are consuming energy(and someone has to pay for it anyway), and it's therefore not free. And again, if you don't have the hardware on hand, you have to pay for all that.

You aren't contributing to your community. Contributing to the community is how you "earn" money.

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2 minutes ago, CyberFern0 said:

You aren't contributing to your community. Contributing to the community is how you "earn" money.

The miners use their computers to check transactions so that one person does not hack the system and give themselves tons of bitcoin or something. As a result, you get rewarded with the cryptocurrency

 


 

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Original Config

 

CPU: i5 6500, Graphics Card:  ASUS dual gtx 1070, Case: thermaltake core v21, PSU: EVGA 600B, Motherboard: msi b150m bazooka, HDD: WD blue 1tb, SSD: Sandisk z400s 250GB, RAM: Corsair Vengeance LPX DDR4 3000MHz 8gb (x2)

 

 

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