The 2018 GPU Apocalypse

[Godlygamer23]

20 hours ago, CyberFern0 said:

Are they physically doing that? To my knowledge, people leave their computer on during the day and night, and they get a fixed amount of money. The person is not doing anything that would be categorized as "work."

Is that any different than using a forklift to lift a heavy item? The amount of work done by the person doesn't equal the amount of work done by the machine. Are you also saying that companies that use machines to build products don't actually deserve their profits because the people aren't manufacturing them?

 

The fact of the matter is...when you are mining, you are doing work. It doesn't matter how you do it. Energy is being spent, and people are going to be paying for the energy spent through their job or business. It's not free money no matter how you slice it.

[Napascj]

Checked Amazon yesterday to see if these prices had changed much over the past week and I came across the ASUS Strix NVIDIA GTX 1070 for £70 ($95). I double checked and it seemed correct. Emailed the seller (obviously I knew this was an error) and they responded that they had an error on their marketplace, I just wanted to see their policy on what would happen to those who ordered one for £70. It turns out they got 1600 orders within the few hours that the error was live. They said they can't ship the cards. 1600 people thought that Christmas had come late yesterday.

[DavePlays]

Start buying used GPUs on Craigslist and flip them on ebay. You'll make some money.

[DavePlays]

Jayztwocents weighed in on this.

 

 

[alphaproject]

People have lost their minds.....

[AtomicWaveBlast]

On 1/13/2018 at 5:56 PM, DavePlays said:

The Titan XP is actually cheaper than some 1080Tis on the market right now. Good god.

No its not 

[miagisan]

13 hours ago, Godlygamer23 said:

Is that any different than using a forklift to lift a heavy item? The amount of work done by the person doesn't equal the amount of work done by the machine. Are you also saying that companies that use machines to build products don't actually deserve their profits because the people aren't manufacturing them?

 

The fact of the matter is...when you are mining, you are doing work. It doesn't matter how you do it. Energy is being spent, and people are going to be paying for the energy spent through their job or business. It's not free money no matter how you slice it.

As someone who used to work with heavy machinery it is vastly different. Takes skill and knowledge as well as actually physically operating the equipment properly to be good at it. 

 

Mining is setting a gpu to run and forgetting it. Terrible analogy. 

[Phentos]

My best friend IRL has been saving up for months to buy a 1070 TI (he has no stable job atm) only to discover the astronomical prices that it's at right now. I feel quite bad for him. I gave him my old Fury to use until GPU prices come back down to somewhat sane levels.

 

All he mostly plays are games such as Overwatch, PUBG, and CS:GO occasionally, so my Fury should see him through on at least high settings (medium for PUBG). However he's definitely going to feel the sting considering he bought a new 1080p 144hz monitor to go along with his new rig (i5 8400, 8GB of hand-me-down 2666 RAM).

 

On a side note I also feel like somewhat of a hypocrite since I spent some time mining etherium a few months ago and have invested into XRP... so I feel a bit guilty 

[Jeff C]

1 minute ago, Phentos said:

My best friend IRL has been saving up for months to buy a 1070 TI (he has no stable job atm) only to discover the astronomical prices that it's at right now. I feel quite bad for him. I gave him my old Fury to use until GPU prices come back down to somewhat sane levels.

 

All he mostly plays are games such as Overwatch, PUBG, and CS:GO occasionally so my Fury should see him through on at least high settings (medium for PUBG). However he's definitely going to feel the sting considering he bought a new 1080p 144hz monitor to go along with his new rig (i5 8400, 8GB of hand-me-down 2666 RAM).

 

On a side note I also feel like somewhat of a hypocrite since I spent some time mining etherium a few months ago and have invested into XRP... so I feel a bit guilty 

Don't feel like a hypocrite.   Mining in itself isn't the issue.  The popularity and normalization of mining is the problem.  Once cryptocurrency became the new wallstreet bubble is when things went out of control.  Hopefully the bubble will burst or they will focus on the new hot thing soon.

[SACBALLZ]

17 hours ago, CyberFern0 said:

meaning?\

Who would waste their time giving free money...and that isn't even poor or homeless people.

 

I don't see how anyone would be stupid enough to do that.

you must not know what the majority of people are like, not everyone is a saint. most people would rather do the least amount of work for the biggest monetary gain, hence why mining is so popular. money, just sitting there, waiting for you to take it. easy fucking money. people are lazy.

[mr cheese]

Honestly I have taken to the wonderful Craigslist. It isn't immune from the GPU inflation but it can be fairly far from it.

 

I spotted an EVGA GTX 780 Ti for $200, and could also find two regular 780's for $225 total. Not going 4k (at least without SLI or DX12) but that's still mid-level gaming. If you can't find a high-level card you can always buy more lower-level, right?

 

Craigslist and other classifieds are your friend. You may not find the best deals, or the best cards, but I'm sure you can get a good enough card if you act fast enough (saw a 1060 for $200 for fan damage).

[Godlygamer23]

11 hours ago, miagisan said:

As someone who used to work with heavy machinery it is vastly different. Takes skill and knowledge as well as actually physically operating the equipment properly to be good at it. 

 

Mining is setting a gpu to run and forgetting it. Terrible analogy. 

The analogy was about physical effort required. The amount of work being done operating a forklift is comparatively very little compared to how much the machine itself is actually doing.

Skill and knowledge are required for many things, including setting up the graphics card to actually mine for cryptocurrency.

[miagisan]

44 minutes ago, Godlygamer23 said:

The analogy was about physical effort required. The amount of work being done operating a forklift is comparatively very little compared to how much the machine itself is actually doing.

Skill and knowledge are required for many things, including setting up the graphics card to actually mine for cryptocurrency.

Most who drive heavy machinery are also the mechanic lol. There is alot of physical labor involved. I used to run a drill rig and excavator. Can't tell you how many nights I used hot compresses on my back lol (off topic I know but it's still a terrible analogy). 

[CyberFern0]

9 hours ago, SACBALLZ said:

you must not know what the majority of people are like, not everyone is a saint. most people would rather do the least amount of work for the biggest monetary gain, hence why mining is so popular. money, just sitting there, waiting for you to take it. easy fucking money. people are lazy.

I’m asking who is wasting their time GIVING the money.

[Chuck Comet]

On 1/17/2018 at 4:08 PM, Nonprofitbark88 said:

I think that just tad bit out my budget.

Darn. :-P

[BYOGamingPC]

On 1/10/2018 at 9:49 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?!??!?

 

https://www.newegg.com/Product/ProductList.aspx?Submit=ENE&DEPA=0&Order=BESTMATCH&Description=gtx+1070&ignorear=0&N=-1&isNodeId=1

 

This is a pretty sweet deal! Just throw your money at it.

[SACBALLZ]

3 hours ago, CyberFern0 said:

I’m asking who is wasting their time GIVING the money.

Are you talking about the people that give the money to small time miners for using their hardware remotely? It's because they are lazy too, they are taking a big enough cut from those people that it can be profitable and they literally do absolutely nothing. The miner downloads their software and mines, and in come free money to the people who wrote the software, a percentage of which goes to the person who downloaded and used it. At least thats how i think it works.

[NvidiaIntelAMDLoveTriangle]

On 1/17/2018 at 1:17 AM, DavePlays said:

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

As much as I really really really want Nvidia and AMD to step in and block mining on their cards. Truth is that's never going to happen. They made the cards, and those cards are selling faster than they can make them and for way higher prices than what they were asking.

Nvidia and AMD don't care who's buying them and what they're doing with them, since they got paid, and got paid a lot more than if we gamers were to get them. At the end of the day they don't give a fuck.

On 1/18/2018 at 4:12 AM, alphaproject said:

People have lost their minds.....

Did they ever have them in the first place?

[DavePlays]

@NvidiaIntelAMDLoveTriangle I know... it's an unfortunate reality.

[reb00tas]

I have a source at Amazon. That claims its their last cards. And production is switched to next gpu.. and crypto prices i going up so we’re back to very low Rio again. Thats why the prices is going up.