shark sandwich
tenuously links anime, pedophile and incels
I'm sad to see all this GPU power wasted on a selfish cause. Much rather see it used to make our games look prettier.
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Nvidia's Maxwell perfect candidate for Bitcoin miners, bad times ahead for PC gamers?
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LumpOfCole
Member
You're right yeah. I mean the board vendors need to step it up to meet demand. Assuming there are not some fundamental issues about scaling the manufacturing of these things.
The bit about the death of Will Wheaton and the Patrick Stewart picture :bravo:
Lilalaunebaer
Member
"Couples in japan are finally fucking again" lol.
I'm pretty sure they're trying. It takes time and it would really suck if they ramped up production just as mining started to become less profitable. Just like Nintendo in 2007 they aren't holding back on purpose unless they hate money
Edit: That 4chan post has been true so far. Bitcoin is just under 600USD now
Future PhaZe
Member
hm...might be time to buy a couple of 750 tis...
LumpOfCole
Member
That video was hilarious.
And also, I'm confused, can't anyone make a cryptocurrency? How has this not already crashed with so many of them on the market?
TheLegendOfMart
Banned
Yeah cause cryptomining takes money away from other people.
It's my GPU and electricity to burn, if there was no reward then I wouldn't be doing it because electric isn't free which is why I don't fold.
You don't have a clue how it all works, with Dogecoin there is no set amount released all at once, there is a cap on the total amount of coins that people can mine and once that is hit they will "mint" new coins at 5% per year to keep inflation down, it's not meant as a coin to make money on, it is the antithesis of Bitcoin it is meant to be given away and shared not hoarded.
Check out /r/dogecoin on reddit where everyone tips everyone else small amounts of coin as an incentive to create meaningful posts.
People of reddit, including myself, donated $30,000 worth of Dogecoins to help get the Jamaican Bobsled team to the Olympics, there have been various charities and foundations set up in Dogecoin name, at christmas there was a hack at a large Dogecoin Online Wallet and millions of Doge were lost and the whole community set up wallet so people could donate and give back what people had lost.
Maybe educate yourself before you call someone selfish.
SneakyStephan
Banned
Economy of scale and all that
But somehow it never works out like that
do you have seminars where you tell all your friends and family about this new business opportunity you want to share with them? bahahahahaha
TheLegendOfMart
Banned
No cause I'm not selling anything and I don't make anything if more people start mining, if anything I would make less if I was currently mining. I was just trying to get across that not everyone is in it for accumulation of wealth or to hoard them. You don't have a clue how it works so are blindly attacking it, maybe you are just jelly you didn't get into it early enough trolololol.
yup this is really bad.
what if more and more people kept entering this mining thing as AMD and Nvidia trying to make more cards and keep the prices down.. it'll be a loop of nothing. it's also kinda problematic because if they made too much cards and suddenly something happened to this bitcoin they'll be both in huge risk.
what if more and more people kept entering this mining thing as AMD and Nvidia trying to make more cards and keep the prices down.. it'll be a loop of nothing. it's also kinda problematic because if they made too much cards and suddenly something happened to this bitcoin they'll be both in huge risk.
Future PhaZe
Member
whats a good size for a mining pool?
looking up mining motherboards lul
looking up mining motherboards lul
Vigilant Gambit
Member
People like to associate bitcoin with libertarians because of the alignment of the ideals of not having a federal middleman in the money, but that isn't actually the case. Hell, there might even be a disproportionate amount of libertarians using bitcoin, but the two concepts are entirely separate. Case in point: I am not a libertarian.
Also, bitcoin is less anonymous than cash. Every transaction is written to a completely public ledger. If you know what bitcoin addresses I control, then you know exactly how much money I have. It is somewhat difficult to actually own bitcoins anonymously. If you need proof, look at the Silk Road 1 and 2 arrests.
It is currently not possible to buy bitcoins conveniently, anonymously, and legally. I got most of my bitcoins through Coinbase, which has pretty much all the identification info on me there is in order to accomodate American anti-money laundering laws. I have some cold wallets, some hot wallets, and some bitcoins I've gotten from mining, but it's all fairly easy to analyze and trace if you simply start with Coinbase and follow the transactions through the blockchain with Blockchain.info.
Anyway, I find value in bitcoin for the following reasons:
1. Storing my bitcoins in a wallet I control gives me full power over what happens to them. This is not control that I have when storing money in a bank; see Cyprus. My funds can never be frozen.
2. I can send money instantly and cheaply. The transaction fee for a bitcoin transfer is a flat rate of currently about 6 cents. This applies whether I'm sending a dollar or a million dollars worth of bitcoins. This is valuable because the only alternatives are paypal (much higher fee) or moneygram/western union (astronomical fee).
3. It's the best option for merchants, because it has no chargebacks and low transaction fees. Many merchants have a very small profit margin on a purchase, on which the seemingly-small 2-5% charged by credit card vendors have a huge, detrimental effect. They charge higher fees for lower volume, so small businesses get screwed over (this is why some places enforce a minimum transaction amount for credit card payments). Not to mention, whenever a customer issues a chargeback, the customer gets their money back, but the credit card vendor takes it from the merchant, so the merchant is out whatever service/product he provided and the money he was supposed to get from providing it.
Losing both of those things results in a higher profit margin. Some of that margin can be reduced to incentivize bitcoin transactions over all other transactions, in the form of discounts (for example, 3% rewards points back at Gyft, or $20 off any order over $100 at TigerDirect).
4. It uses a push transaction system instead of pull. This means that instead of handing over full authorization of your account to any party you do business with, they ask you for X amount of money and you send them that amount. Now, they don't have to worry about keeping your payment data secure, because they don't have it. Only you have it (or whoever you trust online).
But the biggest aspect of bitcoin is that it is new, and nobody knows how it will evolve over time. We already have one service called Coinkite that issues bitcoin cards that can be used in their proprietary point-of-service kiosks. Essentially, a card that your bitcoins can be loaded on to that allows you to spend your bitcoins without the use of a smartphone.
There is a ton of innovation potential in this technology.
SuperSamyon
Member
Disgusting attitude by some people hoping that crypto mining crashes just because they can't get the GPU they want, wah wah me me me...
Yeah I'm pretty sad, I utilised my gaming PC hardware when I'm not using it and made nearly £1000 from £50 worth of electricity.
Nice!
I agree, PC gamers can be pretty self-righteous and haughty sometimes. I wish I knew about this earlier... I would have definitely jumped on board.
Vigilant Gambit
Member
You still can. You're just gonna have a hard time finding an affordable graphics card, so it will take longer to recoup the cost of buying it than it would have had you gotten one before stuff blew up.
I got an R9 270X for free late December. It cost $200 at the time. It has taken roughly 2 months, mining practically 24/7 (with a few breaks for gaming), to mine enough bitcoins to equal what was initially paid for the card. It'll still take a month and a half or so to recoup the costs of the new case and power supply I got for it, too (also free).
If you look around every day, you can find it in stock for a reasonable price near the MSRP when the stock is replenished.
That's also what people used to say about banks. Your money are safe, even if the bank gets robbed you don't lose your money. Better than keeping them in a safe at home. Then we discovered they weren't safe at all.
for how much you seem to hate video games, this seems like a strange thing to suddenly care about.
this whole "its bad for gamers" thing is really weird. sorry, but at the end of the day, Nvidia and AMD don't care who is buying the cards for what purpose. and yes, eventually the market will have a flood of cheap cards as people give up, which is good! edit: well, besides that they've been running at full load for years, i guess
Hellsing321
Member
I don't see how its greedy to want to pay MSRP for a product instead of being gouged.
How would this hurt the GPU market? Shortages are temporary, nvidia and AMD obviously want to keep up with the demand.
Seriously. Buying a GPU from a miner means buying one for parts.
Oh my god this is hilarious.
Yeah, I think the real onus here is for AMD and Nvidia to increase the number of cards they make.
You're not worried about the wear and tear your card's going through from the mining? There's a trade-off there.
Osiris
I permanently banned my 6 year old daughter from using the PS4 for mistakenly sending grief reports as it's too hard to watch or talk to her
AMD and Nvidia don't make cards.
For card manufacturers to increase production then. They're not keeping up with demand if prices are inflating like this.
Vigilant Gambit
Member
The bank represents a counterparty. With bitcoin, there is no counterparty (unless you decide to use an online wallet, in which case you accept all the risk that entails).
I have both digital and paper cold wallets. My paper wallet can only be physically lost. And even then, I can keep a digital backup somewhere if I want. I don't because that defeats the purpose of it not existing anywhere where thieves can reach it.
My digital cold wallets are stored on flash drives, and I have copies of them all over the place. If my house burns down, they'll be destroyed, except for any digital backups I have stored remotely.
If I store my bitcoins in an online wallet, that wallet is a big fat target for hackers, so I have to trust that they're doing everything in their power to keep my money safe. And even then, if and when something goes wrong, they can easily restrict my access to my money.
The difference between cash and bitcoin in that regard is that my decision to secure my money does not necessarily preclude the convenience of moving and spending that money. It takes only a few minutes to sweep the cash off a digital or paper cold wallet.
Hell, even if my wallets are stolen, I'm using a crazy good password to encrypt it, so it would take trillions of years to brute force it and get to my money.
To everyone saying that AMD needs to try harder to produce cards, read this link. It pretty much says that the shortages of AMD GPUs are mainly due to lack of components, like GDDR5 memory for instance (I wonder if the PS4 is contributing to this shortage?). The source even has confirmation from the manufacturer, Visiontek.
Thanks for that. I hope production of Nvidia cards is able to ramp up and meet demand if it happens with them in the future. Still, I would think buying ASAP when the 800 series is announced would be the best way of making sure you don't pay more than MSRP.
Leatherface
Member
I feel like a fool but I am really confused what this mining for bitcoins with videocards shit is. Can someone break it down a little bit for me please? I really do want to know. :'(
yeah.. pretty much what is floating around in my head right now. haha
yeah.. pretty much what is floating around in my head right now. haha
It takes 2 months at 24/7 to mine $200 worth of dogecoins?
Leatherface
Member
okay. I used the internet for answers. Wow. I feel like i need to learn more.
Vigilant Gambit
Member
I received the card as a gift. I specifically requested that card because of its dual use as a gaming GPU and a scrypt mining tool.
Honestly? Even with the wear and tear, you're probably better off buying a card from a miner than a gamer. Yes, I run the thing day and night for weeks on end, but I keep the fans at 80% so they don't burn out, but the card runs cool (65-66 C depending on ambient temps). As a miner, I don't want to run my card at 100% efficiency and burn it out. I'm gonna leave at 90-95% so that the card lasts long. If it burns out anyway, and the warranty is no longer valid, then I will probably have mined enough coins to afford to buy another card anyway.
I pretty much had my card mining 24/7. Then the Titanfall beta came out, so I stopped it long enough to install origin and start the download. In the morning, I stopped it again, played the game all day, then mined overnight. No problems.
http://www.coindesk.com/bitcoin-explained-five-year-old/
It took me two months (at 450 kH/s) to mine the equivalent of $200 worth of bitcoin, at its value at the end of each day, after converting whatever altcoin (including dogecoin) was most profitable to mine that day, not counting electricity costs.
For me, it's roughly $1 to mine for a day, which yields about 5.5 millibitcoins.
Look at the high end AMD cards though. I've seen them at 2-3x their normal price. It's really not an assumption at all. Steam machines could get fucked by this too, not this years models but the next ones rather. Fuck those guys and fuck their mining bullshit.
GPU is not for just gaming there are many uses for it who says it has to be for gaming?
KojiKnight
Member
As long as you aren't overclocking/volting the cards and making sure they have adequate cooling, graphic hardware is DESIGNED to take the actions that bitcoin miners do (OpenCL/CUDA are nothing new, both are used for video editing/rendering where machines can be expected to run constantly).
If you're worried about "burning out your graphics card" it's as simple as lowering your clock rates a bit so you don't hear your fan as much. It doesn't matter a whole lot, but hey peace of mind right?
More likely than not the only thing you'll possibly burn out on a GPU over a lot of mining is the fan. The mining software is designed to monitor temps and will kill running if GPU temps exceed safe levels so the card will be safe and GPU fans aren't terribly expensive.
If you're worried about "burning out your graphics card" it's as simple as lowering your clock rates a bit so you don't hear your fan as much. It doesn't matter a whole lot, but hey peace of mind right?
More likely than not the only thing you'll possibly burn out on a GPU over a lot of mining is the fan. The mining software is designed to monitor temps and will kill running if GPU temps exceed safe levels so the card will be safe and GPU fans aren't terribly expensive.
i thought gaming cards are not made for 24/7 100% compared to the Quadro i have seen many people try use gaming cards and they end up having to replace them because they just cant handle it over time.
So running a card as if you were rendering a high fidelity game for months on end 24/7 isn't going to affect the card?
Why don't you experiment and leave a graphically intensive game running for a couple months straight and see how it goes.
KojiKnight
Member
Gaming cards work fine and can handle the loads over time as long as they are properly maintained. You may need to be more mindful of your cooling, and not rely on that 15% overclock you use for gaming... but they can last years.
If you're super worried about it, there are still vendors that offer lifetime warranties on graphics cards.
Not Spaceghost
Spaceghost
I wonder if soon it will become standard practice to see "HAS NOT BEEN USED FOR MINING" bullet points being a bonus on used sales for some of these cards.
It has enough namepower to be known to a wider community plus it's one of the easiest coins to mine