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Nvidia's Maxwell perfect candidate for Bitcoin miners, bad times ahead for PC gamers?

A

artist

Banned
PCPer ran through some mining numbers for the new Maxwell (GTX 750Ti & GTX 750) GPUs and their performance is as good as the 770;

perflskjx.png


And the main criteria that makes the best candidate for mining;

perfpowerxdj4o.png


http://www.pcper.com/news/General-T...-Performance-Increases-Maxwell-and-GTX-750-Ti

Our second build is based on the GTX 750 Ti. This time we instead opted for 6 x 750 Ti cards for a total of $900, which is still significantly lower than the $1200 for 4 270Xs. With 6 x 750 Ti cards, the estimated GPU power draw would only be 360W, just above half of the power draw of the 270X machine. Adding in the same 75W for additional system components the total estimated power draw works out to 435W, which allows us to purchase a cheaper power supply.

At a total cost of around $1300, this machine would have a payoff period of about 97 days at the current Dogecoin rates, at 1.8MH/s
Click to expand...

As a PC gamer, I just had big gulp :( I hope and pray that the mining market crashes and crashes badly or the miners move onto some other ASICs.
 
M

mullet2000

Member
I'm still utterly confused as to what bitcoin mining is. As well as how it is worrying.

From what I understand a set number of bitcoins a day are "mined" into existence and those with machine optimized for 'mining' can get more of them?

And it's worrying because...these guys who want mining rigs are going to buy up all of the PC parts?
 
D

Deleted member 17706

Unconfirmed Member
leca said:
How does this negatively effect PC gamers? I'm clearly missing something here.
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Increased demand for bit coin mining purposes causing the price to inflate.
 
T

tbm24

Member
leca said:
How does this negatively effect PC gamers? I'm clearly missing something here.
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The assumption is fuck miners because they aren't using those cards to play games. So if they buy them up, the people who want to play games with them may have a harder time finding them.
 
F

Fehyd

Banned
Thing is, as new farmers start up, isn't that going to increase the power demands? Essentially, it'll get to a point where its not even financially feasible anymore?
 
A

antonz

Member
leca said:
How does this negatively effect PC gamers? I'm clearly missing something here.
Click to expand...

The 290 I bought for 399 in December sells for 600-650 now due to mining which then means Nvidia doesn't have to lower prices to be competitive because AMD prices went up so we lose on multiple fronts
 
T

Ty4on

Member
Demon Ice said:
Can't wait til the market crashes and they're left with a worthless, power hungry farm.
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GPUs still have value :p

This is the infancy so it will calm down a lot. Dogecoin rewards have already halved which lowered the total hashrate. It was also stupidly profitable at several dollars per day for a regular GPU not including the increasing value.
gruenel said:
Aren't ASICs like 100 times more efficient at mining? Clearly I'm missing something here.
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SHA256, but not scrypt which needs more memory. Pretty much every altcoin is based on scrypt.
 
2

2San

Member
Fuck this shit. I hope cryptocurrency crashes so hard so we have an excess of cards in the markt. At least my 3y/o PC is still trucking along just fine.
 
O

Orayn

Member
Reallink said:
So much for Steam Machines, dead in the water if this mining shit keeps up.
Click to expand...

The good news is that Dogecoin and Litecoin will theoretically go the way of Bitcoin when dedicated mining hardware outpaces video cards. We just get to deal with shitty prices until that happens...
 
S

SneakyStephan

Banned
Both amd and nvidia am cry when the litecoin bubble bursts and the market gets absolutely flooded with tens and tens of thousands of cheap second hand midrange gpus all at once

antonz said:
The 290 I bought for 399 in December sells for 600-650 now due to mining which then means Nvidia doesn't have to lower prices to be competitive because AMD prices went up so we lose on multiple fronts
Click to expand...

http://www.power4pc.be/webshop/graf...n_4gb_grafische_kaart_gv-r929d5-4gd-b-ga.html
my local pc store
I'm glad Belgium seems to be free of litecoin farming virmin
 
T

Ty4on

Member
Edit: ^^^^ Designing a GPU takes like 5 years which is why they never respond with anything other than price drops and rebrands. Maxwell was just designed to be efficient.
Amjad said:
Like how much is one coin worth ?

This thing is so weird...
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What coin?
SneakyStephan said:
Both amd and nvidia am cry when the litecoin bubble bursts and the market gets absolutely flooded with tens and tens of thousands of cheap second hand midrange gpus all at once
Click to expand...
Litecoin bursted ages ago :p
 
B

Bluth54

Member
Maybe the prices of the Radeon R9 290 will finally go down to normal levels so I can buy one.

Who am I kidding of course they wont. Stupid bitcoin miners.
 
A

antonz

Member
Bluth54 said:
Maybe the prices of the Radeon R9 290 will finally go down to normal levels so I can buy one.

Who am I kidding of course they wont. Stupid bitcoin miners.
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I thank the stars I ignored gaf when I asked for advice on buying it in December or wait for newer model with custom cooling. everyone said wait. I jumped anyways and it saved me hundreds.
 
R

razgriz417

Member
Does running coin mining rigs damage/overtax those cards? I wanna know for when it all comes crashing down and the market is flooded with 2nd hand cards
 
I

IAmRandom31

Banned
I was going to get a Radeon R9 280x back during Christmas and they were 299-330$. I got the Ps4 instead.

Went back to look at it again when taxes came in. 420-450$

Sucks ass. So yeah, if this is popular to these mining pricks then yeah, not good.
 
O

Oxn

Member
I swear when the 880 gtx comes out and I have to pay the bit coin tax on top of the nvidia tax, imma be so pissed.
 
D

Damaniel

Banned
People are actually using *Dogecoin* exchange rates to calculate 'time to payoff' for mining rigs? I knew they were going to the moon, but wow.

OminoMichelin said:
Europe in general seems to be immune to this craze.
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Probably because electricity is expensive there, so mining with GPUs isn't profitable.
 
2

2San

Member
SneakyStephan said:
Both amd and nvidia am cry when the litecoin bubble bursts and the market gets absolutely flooded with tens and tens of thousands of cheap second hand midrange gpus all at once



http://www.power4pc.be/webshop/graf...n_4gb_grafische_kaart_gv-r929d5-4gd-b-ga.html
my local pc store
I'm glad Belgium seems to be free of litecoin farming virmin
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Just checked in Dutch online retailers. They seem to be pretty decently priced. 390 for the MSI custom cooler one. Seems like this is mostly an USA thing.
 
derExperte

derExperte

Member
I heard that there are more cost-effective ways to do mining these days.

SneakyStephan said:
Both amd and nvidia am cry when the litecoin bubble bursts and the market gets absolutely flooded with tens and tens of thousands of cheap second hand midrange gpus all at once
Click to expand...

Could already be happening, Bitcoin certainly has problems right now.

2San said:
Just checked in Dutch online retailers. They seem to be pretty decently priced. Seems like this is an USA thing.
Click to expand...

Same in Germany, you can buy every card for their normal price.
 
NJDEN

NJDEN

Member
I actually got a promotional ad from Newegg that specifically gears graphics cards for mining. I was a little annoyed : P

q7YvCfO.png
 
H

h#shdem0n

Member
If you were mining you wouldn't be concerned about the increasing cost.

Seriously though, the bubble has to burst eventually. I think getting promoted by Newegg is a sign that that time will be sooner rather than later.
 
S

SparkTR

Member
derExperte said:
Could already be happening, Bitcoin certainly has problems right now.
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Nobody ever mined Bitcoin with GPUs, they have dedicated chips for that which Litecoin and (I assume) Dogecoin will be getting soon enough.

Also Bitcoin as been having trouble since it's inception, every set-back it recovered from makes me think it's here to stay.
 
J

jond76

Banned
Being a console gamer finally pays off. Whew..

But really, are miners using these cards to build cheap super computers? Feels like I need to watch the movie Pi again to make sense of it.
 
2

2San

Member
mkenyon said:
It's because all of your entrepreneur gene pools left for the New World by now. :p

On a serious note, I really do wonder why that is the case.
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Maybe we have higher electric bills or taxes, so it becomes really unprofitable. Though it should be unprofitable in the US as well afaik, so I don't really understand the concept behind the GPU farms.
derExperte said:
Same in Germany, you can buy every card for their normal price.
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Sounds good. Glad at least some countries didn't join the craze.
 
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