why is there a drought of GTX10xx series? because chinese miners are buying them in bulk

[laminutederire]

3 hours ago, zMeul said:

they would not bought so many if it wasn't profitable

Considering they're Chinese I wouldn't be so sure about that. They tend to overbuy  a lot..

[Stefan1024]

This stuff is so insanly stupid, even if it generates money.

Here in Switzerland, we try to save a few watts whereever we can, despite we are running a lot on hydroelectric power. And then you see things like this, running on coal power plants btw, just wasting a lot of energy.

[catzambia]

They're likely mining Monero. It seems like a really good coin to invest in.

[Mr.Meerkat]

18 hours ago, ivan134 said:

https://www.reddit.com/r/Amd/comments/4uytr5/eth_miners_are_the_reason_for_the_480_shortage/

290x/390/390X hashrate at like half the power consumption...makes a lot of sense really

 

18 hours ago, zMeul said:

depends on the acquisition costs, someone on that topic said the 480 is more expensive - quite possibly due to shortages

Nah, prices of the RX480 in Japan and Britain hasn't moved 1 cent since release , a decent sub £200 GPU is always nice so good thing the sapphire nitro RX480 4GB costed the same as reference ones  (same goes for the 8GB nitro, same price as reference ones).

[d0nsen]

http://blog.elcomsoft.com/2016/07/nvidia-pascal-a-great-password-cracking-tool/

 

and you kids are wondering what coin they are mining 

[Fetzie]

2 hours ago, d0nsen said:

http://blog.elcomsoft.com/2016/07/nvidia-pascal-a-great-password-cracking-tool/

 

and you kids are wondering what coin they are mining 

They're only doing what trump told them to do: break into hillary Clinton's email accounts

[RagnarokDel]

15 hours ago, Stefan1024 said:

This stuff is so insanly stupid, even if it generates money.

Here in Switzerland, we try to save a few watts whereever we can, despite we are running a lot on hydroelectric power. And then you see things like this, running on coal power plants btw, just wasting a lot of energy.

China is aso the largest producer of hydro-electricity in the world. Just ahead of Canada. In fact, 56% of Switzerland's production is hydro-power which means about 85 twh. 4 times less then China, Canada or Brazil. More specifically, twice less as Québec's production of hydro-electricity.

On 28/07/2016 at 10:07 AM, zMeul said:

there still are ASIC miners, guess they didn't cough up in efficiency and/or litography?!?!

EThash is asic resistant.

 

PS: The 1080 is terrible for mining, GDDR5X doesnt allow it to mine properly (yet)

[Misanthrope]

I still don't get why are these better than ASIC miners. Is it because those are using more power for the muscle they have or something?

[Sakkura]

5 minutes ago, Misanthrope said:

I still don't get why are these better than ASIC miners. Is it because those are using more power for the muscle they have or something?

GPUs are general-purpose (ish), ASICs are application-specific. A new algorithm frequently means completely new ASIC hardware is required.

 

EThash in particular is designed to require lots of memory bandwidth, which is awkward to provide with ASICs; GPUs, meanwhile, come with tons of it.

[PlayStation 2]

10 hours ago, Fetzie said:

They're only doing what trump told them to do: break into hillary Clinton's email accounts

Now is that really a bad thing lol

 

On topic: but why?

[MrRavens]

On 7/28/2016 at 10:38 AM, NumLock21 said:

Once again, those who are in the process of building their PCs are ruined by those greedy gpu munching miners.

Eventually there's gonna be a wave on reddit and ebay when they plan to sell those heavily worked card for cheap. Which are a hit or miss lol.

[NumLock21]

1 minute ago, LtRavens said:

Eventually there's gonna be a wave on reddit and ebay when they plan to sell those heavily worked card for cheap. Which are a hit or miss lol.

Some do not want to buy a used card a year or 2 after released, when they are in the middle of their new build.

[MrRavens]

Just now, NumLock21 said:

Some do not want to buy a used card a year or 2 after released, when they are in the middle of their new build.

Very true. Depending on the kind of build obviously. But true.

[NumLock21]

Just now, LtRavens said:

Very true. Depending on the kind of build obviously. But true.

It's annoying, like when you want to dry your clothes after it's been washed and some bastard is hogging 20 dryers. For all the different type of clothes they have.

[Stefan1024]

54 minutes ago, RagnarokDel said:

China is aso the largest producer of hydro-electricity in the world. Just ahead of Canada. In fact, 56% of Switzerland's production is hydro-power which means about 85 twh. 4 times less then China, Canada or Brazil. More specifically, twice less as Québec's production of hydro-electricity.

They have a bit more than 4x the population of Switzerland

Actually it's about 175x.

[Prysin]

On 28/07/2016 at 4:07 PM, zMeul said:

there still are ASIC miners, guess they didn't cough up in efficiency and/or litography?!?!

ASICs are million times more power efficient then any GPU will ever be.

[Bcat00]

On July 28, 2016 at 9:59 AM, zMeul said:

source: https://www.chiphell.com/forum.php?mod=viewthread&tid=1622684&page=1#pid34091913

 

the GPU mining craze has started once more, but this time AMD didn't hit the jackpot .. nVidia did

seems like Chinese crypto coin miners are buying GTX 10xx card in bulk:

 

 

in the 1st image it seems there are GTX1060s, but the 2nd shows either GTX1070 or GTX1080 - the GeForce logo is glowing, the 1060 logo doesn't glow

and they're all are Founders Edition - quite the price premium

 

that's a GTX1070

Somehow im doubting its for coin mining. Seems more like a small time lab using gpu's to calculate their numbers.

[i_build_nanosuits]

On 2016-07-29 at 8:53 PM, Prysin said:

ASICs are million times more power efficient then any GPU will ever be.

i don't think they are mining anything...that's just a very expensive very fast rendering farm...it's probably used remotely by a hundred or more smaller companies.

There are thousands of these around the wolrd, this one just happened to upgrade their stock recently...it's nothing out of the ordinary, certainly not a news.

It sucks for gamers, but those cards also serve other purposes.

 

You either buy the Testla P100 rack with 8 GPU's in it...or buy this instead which is probably cheaper and way faster.

[Prysin]

47 minutes ago, i_build_nanosuits said:

i don't think they are mining anything...that's just a very expensive very fast rendering farm...it's probably used remotely by a hundred or more smaller companies.

There are thousands of these around the wolrd, this one just happened to upgrade their stock recently...it's nothing out of the ordinary, certainly not a news.

It sucks for gamers, but those cards also serve other purposes.

 

You either buy the Testla P100 rack with 8 GPU's in it...or buy this instead which is probably cheaper and way faster.

nah

These would die much much much sooner then a single Tesla. They are not binned, clocked or rated to operate at heavy loads 24/7. A single tesla is like 5-6000.... So sure its cheaper. But a tesla should outlast these chips by a factor of n^2 atleast. There is also the fact that rendering farms require Quadro BIOS, because without the validation, you risk instability. INstability is dangerous, for the client.

 

 

[themctipers]

I'm Chinese 

 

 

wheres my shipment of GTX 1080 and 1070?

[Lurick]

8 minutes ago, themctipers said:

I'm Chinese 

 

 

wheres my shipment of GTX 1080 and 1070?

You must have missed the memo with the meetup location to collect your shipment. I think I saw it on eBay last week though

[themctipers]

2 minutes ago, Lurick said:

You must have missed the memo with the meetup location to collect your shipment. I think I saw it on eBay last week though

*insert Chinese swearing here*

[Okjoek]

How does that work? What are they "mining"?

[Kamina]

They're trying to decrypt the NSA files that has Hillary's private emails.

[Sparviero]

1 hour ago, Kamina said:

They're trying to decrypt the NSA files that has Hillary's private emails.

https://www.youtube.com/watch?v=a6iW-8xPw3k