Matt99, 01 Feb 2018So dose this mean I can buy a reasonable price top end GPU for its RRP?no, cause people mine "alt" coins with gpu's not bitcoin or other asic minable coins
So dose this mean I can buy a reasonable price top end GPU for its RRP?
I love this hype about bitcoin.
First it was used for buying guns and drugs on tor and then it just jump straight to buying clothes and toys for kids in shops -_-
And people dont realize that this currency is strictly virtual and it have value just because "we agreed that it have value". Tes the same goes for normal money, but with virtual currency, if something go bad, you cant just cash it like normal money. Instantly it will become just a bunch of useless symbols that will be not recognized by any legal institution and country. Like with anything that is virtual. it will make "puf!" and it will be gone.
Not to mention that its not "FREE" currency, yes you can "mine" it, but if you take in to the account money that you need to invest in to that mining, time and most important: bills for energy you will realize that its not that "cool" as people say.
So, you know, be normal person and invest money in GOLD and other goods that will keep value even after apocalypse.
If you can spend 10000$ on mining just few bucks per month its better to buy for that money gold or silver and be sure that no matter what crisis will come you will have something that actually have value. Because even investing and keeping paper money is not really secure, its just a paper if banks and countries decide that it have no value.
if bitcoin really profitable, why not samsung just mine it secretly with all their resources? why sell it to others?
Too bad there is so many idiots who throw money in air. Big investors takes all the money and "poor" people loose everything.
opt, 01 Feb 2018absolutely, agree thumbs up
how can I up-vote you manin the browser of the full window version you will see that all comments got something like: http://prntscr.com/i8j659
plress the ^ looking button to upvote a comment. :D
Criminals love Bitcoin, and now Samsung makes life even easier for those Bitcoin-loving criminals!
A lot of people here talking about things they do not know...
Firstly, a GPU doesn't get worse if it gets mined 24/7. Just clean it properly with alcohol, reapply thermal paste, and its back to 99% +/- 3% of its initial performance. The only parts that wear out the worst is the fan blades.
Secondly, demand overwhelms supply. There are very little/no GPU's to buy on their own. Hence prices are through the roof. Even the Vega64 and GTX 1080 Ti are now getting price hikes.
Thirdly, many people here do not understand how Bitcoin works, or the nature of the cryptocurrency market. Maybe it can supersede old-style money. It's not that far off from a value point of view, however, it is very very far off from a trade point of view. So yes, they're all over-valued at the moment, at the promise/expectation that they could get more valuable in the future.
All we can say is that this is a Free Market, so the foundries are free to make whatever chips they feel is most profitable: CPU's, GPU's, RAM, Memory, ARM SoC, ASIC, etc etc. It all depends on who is willing to pay what, the simplest way to get what you want is to pay for it. Most complaints seem irrational or stemming from envy.
.alpha, 31 Jan 2018Now smartphone will be twice as expensive like video cards and memoryGpus are cheaper than ever. You buy one no matter the cost , put them to mine and you have return of your money in 3-6 months.
I don't know who is telling you that the gpus are pricier. Their upfront cost is greater, their total cost is faaaar lesser.
Anonymous, 31 Jan 2018Yes, the prices will drop in used segment once thr bubble bursts, but honestly - would you buy... moreNowadays I can't say but 3 years ago I sold my AMD Sapphire HD 6950 OC Edition used for the same price I paid new! At that point I'd be running it about 14hours a day for 19 months. Some miner wanted it as they were no longer in production at that point! So Hope he got his monies worth of it
Anonymous, 31 Jan 2018Yes, the prices will drop in used segment once thr bubble bursts, but honestly - would you buy... moreIronically I'm using an 8 year old GPU I bought several months back. My workstation is nearly 10 years old. If given the option, I would buy new all the time.
Curad Bandages, 31 Jan 2018Imagine if Samsung low key stealths these into the Galaxy S9 and S9+. I like cryptomining ... moreYes, the prices will drop in used segment once thr bubble bursts, but honestly - would you buy a GPU which has been running 24/7 for the last year or two?
Imagine if Samsung low key stealths these into the Galaxy S9 and S9+.
I like cryptomining and digital currency and whatnot, but I heard about a lot of PC gamers being royally flushed when trying to build a PC. Fortunately, whenever Ethereum isn't profitable anymore, expect to see a ton of used RX470, RX480, RX570 and RX580 video cards to hit the market.
Now smartphone will be twice as expensive like video cards and memory
dev_seb, 31 Jan 2018The company also started mass producing GDDR6 chips recently, which would be a boon for mining... moreWrong, wrong, and wrong. Bitcoin is the first major cryptocurrency that boom well into the population, meaning many of its blockchain are already decrypted, leaving only the harder one. At first, it was more CPU-incentive decode, but then, it uses ASIC. A SoC that specifically built to decrypt Bitcoin blockchain.
Then there's Ethereum. By the time of Ethereum boom, many has developed a way to use GPU to decrypt it's blockchain. A GPU was used as it has a different way of computing, that is way more efficient than CPU-based decryption.
tl;dr, to mine Bitcoin you need ASIC. To mine Ethereum you need good GPU