Mining Craze

[Septimus]

For quite some time now people have been telling builders to hold off on buying GPUs because of the mining craze. Does anyone have an idea or an estimate as to when the mining craze will die down? 

[iRileyx]

No way to tell honestly, probably when the prices crash. The prices of the currencies work in a way similar to stock markets, quite unpredictable.

[8-Bit Ninja]

1 minute ago, Septimus said:

For quite some time now people have been telling builders to hold off on buying GPUs because of the mining craze... do we have any idea or at least an estimate as to when this will die down? 

thats the problem with cryptocurrency, they are extremely volatile, they could become profitless in a week, or in 4 months. We had no idea, and its borderline impossible to accurately say when the crash with come 

[8-Bit Ninja]

1 minute ago, 8-Bit Ninja said:

thats the problem with cryptocurrency, they are extremely volatile, they could become profitless in a week, or in 4 months. We had no idea, and its borderline impossible to accurately say when the crash with come 

For reference hers what happened to the price of bitcoin over 1 year, utterly unstable 

[TheRandomness]

7 minutes ago, 8-Bit Ninja said:

thats the problem with cryptocurrency, they are extremely volatile, they could become profitless in a week, or in 4 months. We had no idea, and its borderline impossible to accurately say when the crash with come 

Concerning ethereum, however... it's on its way down right now. Considering it's also going to get an algorithm change in the near future (next month apparently) which will make it easier to mine, I wouldn't be surprised if cards came back in stock around then. 

[TheSneakinSpider]

they would become flooded and soon the cards would be so hard to come by that the poorer would no longer be able to afford the cards to make this profitable and they would quit and get money out of it by selling the cards 

[Guest]

4 minutes ago, TheRandomness said:

Concerning ethereum, however... it's on its way down right now. Considering it's also going to get an algorithm change in the near future (next month apparently) which will make it easier to mine, I wouldn't be surprised if cards came back in stock around then. 

 

 

sweet christ FINALLY. sick of having 1060s cost me an arm an a leg.

[ArduinoBen]

You see, when there are more ASICs, it becomes comparibally harder to mine bitcoin, meaning after a while mining withs Graphics Cards will be a bad idea.  I've been mining for around five years and I'm buying an ASIC now.

 

My parents dont give me any money, so my dads loaning me money to buy an asic, then I'll be making 10 dollars a day.

[Billy_Mays]

Its really unpredictable its like whats going to Volta be like 

[DrMacintosh]

12 minutes ago, NovaMan01 said:

sweet christ FINALLY. sick of having 1060s cost me an arm an a leg.

RX 580s are better 

[Himommies]

11 minutes ago, DrMacintosh said:

RX 580s are better 

If the 1060 costs a arm and a leg then that'll cost a...Mac Pro

[DrMacintosh]

3 minutes ago, Himommies said:

If the 1060 costs a arm and a leg then that'll cost a...Mac Pro

I meant when they are MSRP, duh