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Nvidia's Maxwell perfect candidate for Bitcoin miners, bad times ahead for PC gamers?
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shark sandwich
tenuously links anime, pedophile and incels
This bubble is going to explode so hard.
I just hope it does before the high-end Maxwell cards arrive later this year. Nvidia managed an insane increase in performance/watt and they're still on 28nm. Can't wait to see what a 20nm 870 GTX can do
I just hope it does before the high-end Maxwell cards arrive later this year. Nvidia managed an insane increase in performance/watt and they're still on 28nm. Can't wait to see what a 20nm 870 GTX can do
BlackBuzzard
Banned
Any clue when this GPU mining ends? Q2,Q3,Q4 or even 2015?
derExperte
Member
Watching Pi always makes me more confused about everything.
Will be a glorious day!
Everyone will be able to grab themselves a midrange PC for a low end price.
I'm wringing my hands and having a nice evil, diabolical laugh right now.
It's because all of your entrepreneur gene pools left for the New World by now.
On a serious note, I really do wonder why that is the case.
Me too. Prices are normal in Norway and we have quite cheap electricity and need heating regardless in the winter. Maybe cultural differences to taking chances. Hardly anyone are self employed here.
Lot's of people mined with GPUs. People even mined with CPUs before that! My 3570k does less than 30kH while my 7870 does 300 and better ones easily do 400.
Around second or third quarter 2014.
some retailers online have started to accept bitcoin and such too
SneakyStephan
Banned
Idk if I'd even want a gpu tainted by a miner's greed
That's the thing about regular gpu buyers, they don't shit their gpus back out on the second hand market within 6 months, something people forget when they suggest amd and nvidia must be pleased with this coin craze (when in reality it's retailers and distributors making off like thieves, not amd or nvidia, just like with the hdd plant floodings)
All currency (working definition: anything that substitutes a direct trade barter system) is a form of mass delusion.
You can buy stuff from overstock.com and buy tickets for the Sacramento Kings
As for the thread itself, this is very promising for the high end nvidia cards if they are efficient just like the gtx 750 is here for bitcoin mining and for gaming.
Hellsing321
Member
Nothing. Ok well not nothing but every sane person just hordes the coins and watches as speculation takes the market on a wild roller coaster ride.
shark sandwich
tenuously links anime, pedophile and incels
People are literally buying money-making machines. There's just no way this can last.
It wasnt insanity initially if you thought of it as a way to scam money out of internet libertarians.
Dictator93
Member
Bad for the places where this inane activity is so popular (read USA).
Demigod Mac
Member
GPU + CPU crunches numbers to solve highly complex math problems.
Everyone agrees the answers to math problems are worth X amount of real money.
Every participant holds a public ledger of all the math problem answers that were traded on the market.
it's just euphoria! It'll never ever go back up and they'll be left with their dicks in one hand and GPUs in the other! have you seen the price on gox lately? omg sell sell sell!
PPC is the true coin, all else is scam coin
arize chikkun
Cryptocurrency is a type of digital money where new "coins" are generated not by a central authority choosing deciding to print more or control interest rates, but by people using computer hardware to solve complex mathematical problems, with video cards being particularly good at the type of number crunching involved. The power required to mine the same amount of coins increases as more are generated, so there's an ongoing need to get either faster video cards or computer hardware that's specifically designed to mine.
While I think Bitcoin is nonesense, it is interesting the that the complex math problems are actually the encryption of the transactions.
polyh3dron
Banned
I can't wait for this mining market to crash. GPUs will be so damn cheap.
prag16
Banned
Yep. That old Joe Kennedy Sr. story from the 1920s... when the shoeshine boy is giving out stock tips, it's time to get out of the market.
CassidyIzABeast
Member
Looking forward to picking up a second 7970 for $150 later this year.
PCPer ran through some mining numbers for the new Maxwell (GTX 750Ti & GTX 750) GPUs and their performance is as good as the 770;
And the main criteria that makes the best candidate for mining;
http://www.pcper.com/news/General-T...-Performance-Increases-Maxwell-and-GTX-750-Ti
As a PC gamer, I just had big gulp
"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"
Ok, free compy after 97 days? how is that a bad thing?
I feel like an old person when people talk about bitcoins.. Even after explaining them, why do these hold any value? Is it just a general consensus that each coin is worth so much or are some worth more than others? So the math equations that are done to resemble a bit coin, are they duplicatable?
demosthenes
Member
Favorite gif of 2014, I don't know if it can be topped.
mattiewheels
And then the LORD David Bowie saith to his Son, Jonny Depp: 'Go, and spread my image amongst the cosmos. For every living thing is in anguish and only the LIGHT shall give them reprieve.'
I don't get how you can create money out of thin air though, is it like seti at home, where you're helping the computational power of something larger?
Idk if I'd even want a gpu tainted by a miner's greed
That's the thing about regular gpu buyers, they don't shit their gpus back out on the second hand market within 6 months, something people forget when they suggest amd and nvidia must be pleased with this coin craze (when in reality it's retailers and distributors making off like thieves, not amd or nvidia, just like with the hdd plant floodings)
You are missing the fact that the prices are going up because there is high demand for these GPUs, they are not getting the cards for free.
So even when these cards get sold second hand the GPU makers are not missing out on anything (other than doing their own price jacking) because these cards are being sold to people that would not have bought then (or at least that amount of them) otherwise.
Ivan
Member
perfection
Fuz
Banned
Ugh, I don't mean to offend anyone that is mine's bitcoins, but I seriously hope the whole things crumbles. I've been trying to buy a new GPU for months and given that I wanted to stick with AMD, I have no choice buy to get price gouged thanks to miners. I ordered an R9 290 a month and a half ago for $50 over the MSRP (best price I could find) and am stuck waiting for it to come back in stock.
Sickboy007
Member
So that's how it works, huh? Thanks doge.
I'm more annoyed by the retailers profiteering over all this. Its a shame card makers are not more hard nosed when it comes to doing something about retailers charging above the MSRP.
Haunted
Member
Seeing comparison numbers from Folding @ Home to this recent coin mining boom has been pretty depressing.
No one wants to cure cancer, but put the promise of a gold carrot in front of them and people climb over themselves to make this happen.
bah
Not really. Bitcoin et al. can be generated/mined/discovered by solving computationally difficult math problems. The internet connectivity is used to track ownership of "unlocked" Bitcoins. There's no greater goal of doing the math -- it's just to gain Bitcoins. It's kind of like grinding for achievements on your Xbox, except that the achievements are salable (and people are willing to pay "real money" for Bitcoin).
BTW, most money is "created out of thin air". That's the way modern economies and central banks work. Your bank account has value because we as a society have agreed that some bits on a computer can be converted into food, cars, and houses.
7DollarHagane
Banned
Well, when all this bullshit goes belly up at least the cards will show up used a bunch
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
One thing that this mining crap has guaranteed.
I'm not buying a second hand GPU until at least one GPU generation after the death of this ridiculous bubble/fad. Those things are likely to be been half (or fully) worked to death in a way no gamers card would be. (Except maybe in a Korean internet cafe)
I'm not buying a second hand GPU until at least one GPU generation after the death of this ridiculous bubble/fad. Those things are likely to be been half (or fully) worked to death in a way no gamers card would be. (Except maybe in a Korean internet cafe)