When will this mining hype be over?

[meneervent]

I apparently only get ~55fps on 1440p with ultra settings in BF4 with my R9 290 (single player, didn't bother to buy the game yet with all the bugs). My monitor overclocks to 110Hz so I would like to make use of that. No I do not want to lower settings, it makes me feel like a peasant. I expect people to massively sell their GPU's that are bought for mining (270x, 280x and 290) when the difficulty (for maybe litecoin) gets too high, and the "profitability" is gone. Or when people realize that one can not simply "mine" money. As far as I understand litecoins are only worth the amount they are worth because people are willing to give an amount  of "real" money for it, in the hope it will later rise and they can sell it for more, to people who want to do the same. The problem is that I could pick one up now, and enjoy higher FPS, or wait, and enjoy higher FPS at a much lower cost later. How long do you linustechtipspeople think this hype is going to last? And what should I do? Any economy analysts here that calculated the date of the last "profitable" litecoin? 

[coen113]

few months perhaps?

[TheSLSAMG]

I apparently only get ~55fps on 1440p with ultra settings with my R9 290 (single player, didn't bother to buy the game yet with all the bugs). My monitor overclocks to 110Hz so I would like to make use of that. No I do not want to lower settings, it makes me feel like a peasant. I expect people to massively sell their GPU's that are bought for mining (270x, 280x and 290) when the difficulty (for maybe litecoin) gets too high, and the "profitability" is gone. Or when people realize that one can not simply "mine" money. As far as I understand litecoins are only worth the amount they are worth because people are willing to give an amount  of "real" money for it, in the hope it will later rise and they can sell it for more, to people who want to do the same. The problem is that I could pick one up now, and enjoy higher FPS, or wait, and enjoy higher FPS at a much lower cost later. How long do you linustechtipspeople think this hype is going to last? And what should I do? Any economy analysts here that calculated the date of the last "profitable" litecoin? 

 

What game? BF4? And lower the settings. Peasant? Pfft, it's a shitty moniker given to literally everybody. You're technically a peasant because you don't have a 290X. 

[TheRoss0411]

It won't last long

[Theo]

its only going to get more popular, BTC got in the news, some stores are accepting it and cryptocurrency popularity is rising (imo)

What will eventually happen is difficulty will go up, making single gpu mining hard, so less people will buy them just for that, but then new coins might rise, lower difficulty blabla.

Baseline, no one really knows

[AlwaysFSX]

Maybe a year or two at most. Hopefully.

[Nineshadow]

Wow

So crypto

Do mine

Much money

Such coins.

[JupiteL]

If that going to make AMD card prices getting even more higher, hopefully sooner.

[kizoku_95]

Cryptocurrency craze = extortion of money from consumers

Cryptocurrrency craze dies = hopefully dirt cheap cards!!!!+spanking of miners who held us to ransom.....

[Mooshi]

Honestly? It's not going to end so long as Bitcoin is a thing and there aren't any ASIC Scrypt miners. When GPU mining is no longer enough, that is when AMD cards will stop being spiked, they would use a ASIC miner instead.

 

With the NSA constantly pissing people off and the lack of trust in governments around the world in general, cryptocurrencies may keep rising.

[JLCitadel]

I apparently only get ~55fps on 1440p with ultra settings in BF4 with my R9 290 (single player, didn't bother to buy the game yet with all the bugs). My monitor overclocks to 110Hz so I would like to make use of that. No I do not want to lower settings, it makes me feel like a peasant. I expect people to massively sell their GPU's that are bought for mining (270x, 280x and 290) when the difficulty (for maybe litecoin) gets too high, and the "profitability" is gone. Or when people realize that one can not simply "mine" money. As far as I understand litecoins are only worth the amount they are worth because people are willing to give an amount  of "real" money for it, in the hope it will later rise and they can sell it for more, to people who want to do the same. The problem is that I could pick one up now, and enjoy higher FPS, or wait, and enjoy higher FPS at a much lower cost later. How long do you linustechtipspeople think this hype is going to last? And what should I do? Any economy analysts here that calculated the date of the last "profitable" litecoin? 

 

You are a peasant son. To rise to the kingdom of Gaben on must acquire 780ti quad SLI.

[DLM_012]

When people finally realize that the cost of mining outweighs what they'll actually make. I don't see bitcoins becoming that huge. I think it's a tech trend that won't last after 2014

[Borkpaladin]

I'm not quite sure, I think that it largely depends upon whether cryptocurrencies like bitcoin either encounter a large advantage such as being allowed to be used in more stores or even banks, or a large blow such as NSA having some shady business with bitcoin, or the security of cryptocurrencies being compromised and it being hyped up by the media. However as long as people continue to make money from cryptocurrencies it will most likely continue.

 

What I really want to see is some form of cryptocurrency (or something similar) used where instead of simply using all the processing power to mine the currency itself, but rather to accomplish a task such as folding. Obviously this would be almost a completely different thing and the 'crypto' part of the cryptocurrency would be gone, and there would be problems making it secure, but fold-coins would be marvelous. 

[Lays]

Cryptocurrencies were supposed to be kind of money... not a way to make money

 

except the whole architecture they're based on is profitable >.<

 

@DLM_012 it all depends on the hardware they're using, because there is LOTS of money to be made if you fork up a lot to start out, you can easily spend ~2-2.4k on a computer with 4 290's and make upwards of 1200$ a month mining.

[CynicalRootVegetable]

I'm not quite sure, I think that it largely depends upon whether cryptocurrencies like bitcoin either encounter a large advantage such as being allowed to be used in more stores or even banks, or a large blow such as NSA having some shady business with bitcoin, or the security of cryptocurrencies being compromised and it being hyped up by the media. However as long as people continue to make money from cryptocurrencies it will most likely continue.

 

What I really want to see is some form of cryptocurrency (or something similar) used where instead of simply using all the processing power to mine the currency itself, but rather to accomplish a task such as folding. Obviously this would be almost a completely different thing and the 'crypto' part of the cryptocurrency would be gone, and there would be problems making it secure, but fold-coins would be marvelous. 

 

CureCoin is/was going to be a thing. It was going to reward folders and could also be mined directly, don't remeber  what happened to that particular coin.