Jump to content

Crypto mining, when does it end.

Terryv
 Share
Posted

I was wondering how long this could last. AMD cards are near impossible to find, even used cards are selling for a premium. (I wonder if I should sell my fury X, it could almost pay for a 1080 at the prices they get currently)

System specs:

4790k

GTX 1050

16GB DDR3

Samsung evo SSD

a few HDD's

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

And yet I am still having some trouble selling my RX 480... go figure, I live in Canada's largest city, Toronto

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

simple it will end when it's no longer economically viable, e.g. the value of what they are mining to make drops significantly and they can't make enough to make a profit, electricity prices rise dramatically, the cards that they need to get to replace old broken ones get too expensive, etc. so it's hard to say, when, but it will happen, eventually

The owner of "too many" computers, called

The Lord of all Toasters (1920X 1080ti 32GB)

The Toasted Controller (i5 4670, R9 380, 24GB)

The Semi Portable Toastie machine (i7 3612QM (was an i3) intel HD 4000 16GB)'

Bread and Butter Pudding (i7 7700HQ, 1050ti, 16GB)

Pinoutbutter Sandwhich (raspberry pi 3 B)

The Portable Slice of Bread (N270, HAHAHA, 2GB)

Muffinator (C2D E6600, Geforce 8400, 6GB, 8X2TB HDD)

Toastbuster (WIP, should be cool)

loaf and let dough (A printer that doesn't print black ink)

The Cheese Toastie (C2D (of some sort), GTX 760, 3GB, win XP gaming machine)

The Toaster (C2D, intel HD, 4GB, 2X1TB NAS)

Matter of Loaf and death (some old shitty AMD laptop)

windybread (4X E5470, intel HD, 32GB ECC) (use coming soon, maybe)

And more, several more

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

When the more efficient next generation cards replace the existing ones. The existing ex-mining cards will then flood the second hand market.

When what they mine becomes uneconomical, they will just move onto something else. There is no limit to the number of crypto-currencies that can be created for mining.

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

Yet by like the end of July we will have cards especially for mining. World loves "free" money.

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

I doubt it will end as it is a very good platform for money laundering. One way for sure to know if it will go away is if banks start offering cryptocurrency services. If i were you i would sell the fury and get the 1080 once you don't want the fury any more. 

A water-cooled mid-tier gaming PC.

Link to comment
Share on other sites
Link to post
Share on other sites
Posted
  • Author
8 hours ago, Leonard said:

I doubt it will end as it is a very good platform for money laundering. One way for sure to know if it will go away is if banks start offering cryptocurrency services. If i were you i would sell the fury and get the 1080 once you don't want the fury any more. 

I've been waiting for vega to get an upgrade, I planned on using an old GTX 460 until it releases or pick up a cheap 960 locally.

System specs:

4790k

GTX 1050

16GB DDR3

Samsung evo SSD

a few HDD's

Link to comment
Share on other sites
Link to post
Share on other sites
Posted
On 6/16/2017 at 7:41 AM, deXxterlab97 said:

And yet I am still having some trouble selling my RX 480... go figure, I live in Canada's largest city, Toronto

I'm sure you could sell it pretty easy on this forum if you put a WTS post somewhere or mabye bitcointalk.org

Link to comment
Share on other sites
Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing Folding@home, Boinc, and Coin Mining

×