Bitcoin is kill

PC gaming is saved!

One user clearly pointed that even if crypto dies, jews won't lower the prices of gpus.

Prices in Europe aren't affected at all anyway, only ram is more expensive but that's because of smartphones.

Stupid amerimutt

That user has no grasp of supply and demand and tried to pass his doomsaying as an informed statement.

And you bought it.

We did it Reddit!

When was the last time you checked? Because last two weeks or so have been disastrous in my euro country.

BUY NANO BUY NANO BUY NANO I'LL MAKE THAT 10K BACK MOMMMYYYYYY

>massive crash in value

this is good for bitcoin :)

also inb4 deletion because GPU availability is not vidya for some reason.

At least /biz/ isn't freaking out anymore like yesterday's shitshow.

Literal brainlet, holy shit

...

Any of those useless rotten sacks of shits killed themselves yet? I hope.
>go to board, ask something
>nobody fucking replies or they demand some money for answers

>/biz/ right now

Aren't we still coming off the post-holiday crypto selling extravaganza

During the 19k jump.
The 1070 I have was still the same price a year later at that time.
Last week or so too.

And yes, they were in stock

>Guys how do I make free money too?
>Surprised people give you bad answers

utter bullshit. go check Amazon and ebay right now.

Hi /biz/ that post was to bait you out, time to kill yourself, isn't it?
>NO I WILL BE RICH WITH IMAGINARY SHITCOINS

>Implying I didn't Tether up weeks ago
>Implying I don't hate the rest of /biz/ too

>Defends their stupidity
>hahah jokes on you I hate them
leave

>$8700

feels good man

>/biz is superior to Sup Forums dumb virgins!
Well well well, who is laughing now

That's cool. Then no one will buy a gpu and they will be forced to lower prices to accommodate.

The only true way to save PC gaming is coming up with an asic that works with all the coins.
ASIC kills GPU mining INSTANTLY.

This is exactly why ethereum was designed to not be able to be mined with simple ASICs.

Who would ever say /biz/ is superior to anyone? It's 90% Pajeets and retards thinking they're gonna be rich just because they bought some shitcoin after it already went up 50% in a day

Prices of computer parts in Europe have always been ridiculously high though. Mining probably just helped close the gap between the cost of Europe and the US. At least for now.

any experts can explain whats the point of making different brand of bitcoins?

I mean they could also just have a mining and network securing method that isn't Proof of Work

b-but this Jerry told me I should be a millionaire!!

No Coiners win again :^)

How mad are bitcoin miner autists that dropped tens of thousands on mining rigs right now?

>the absolute state of /biz/

possibility for creating more worth from nothing

...

>How mad are bitcoin miner autists that dropped tens of thousands on mining rigs right now?
Depends on how much money that they already made. Buddy of a guy I know at the gym made legit millions of of Ether and still had some he didn't sell. I think he's feeling fine

>all the panicking normies

well, thats disappointing

That's not a very smart statement. Despite whan excessive time on this site may have taught you, economics isn't just about (((them))) milking those poor helpless consumers. It's an optimization problem, nothing more. When GPUs at 200% of the price stop being an optimal solution to the problem, they'll stop being that expensive.

Different brands of Bitcoins like creating a hard fork? Effectively trying to make 'free' money that they can sell to retards thinking they're smart for investing in a 'new' version of Bitcoin

Making different cryptocurrencies? Trying to make an effectively better version of Bitcoin that could potentially one day be used as a universal currency. That's the endgame for any cryptocurrency

What site do you use for this list of info?

Good. I hope everyone on /biz/ fucking kills themselves after taking a magnet to their hard drives.

Nvidia is literally on record trying to get GPUs back in the hands of PC gamers

>860m
I'm afraid no amount of drivers will help.

NVIDIA don't give a fuck. It's lip service to make people like them more

>laptop

Sadly they won't yet, because they haven't lost absolutely everything they had, so they still have miserable hopes that they can recover. Which sucks dick.

>my fake fucking meme internet currency was a ponzi sceme how could this happen!?
AHAHAHAHAHAHAHAHAAHHAHAHAHAHA

>that rig
>goes straight for 1080 with normal graphics settings
you must be one of those people who prefer to play at 15 fps if it means they can have pretty bloom effects and grafics

>yfw it hits 7k

got it. so its very possible that only few of those might survive in the end, sounds like gambling

Some people literally bought a thing called ponzicoin.

Please hit 2k so they can seriously suicide without memes

I laugh that there are people who fell for this scam, but props to the ones who cashed out when they could, can't wait for it to completely crash and suicides go up and parents are selling their child's 500 gpus on ebay for pennies to cover the cost of their funeral.

Nigga you're a literal moron, nobody is going to drop that cash on a GPU unless they're expecting return on their investment.

>mfw it hits 5k

yes it isn't
that's like saying TV's and monitors are video gameselectricity is videogames

>so its very possible that only few of those might survive in the end

That's pretty much how it's always worked. Most altcoins become fucking worthless

Over a hundred bucks down since this thread started.

...

Fucking normies popped the bubble. The one thing that they've done right. That's what they get for throwing around the word 'blockchain' like they knew what it meant

>being this retarded
Only stockfags are committing suicide.

The actual miners buying up the gpu aren't losing much of their profit.

The smart people that bought bitcoins at $7 and sold when it reached high if that was even possible, got lucky

Thought it was ETH the one that uses those multiple cores on gpus

/biz/ is a magical place where literal retards lose thousands of dollars on memes

>Over a hundred bucks down since this thread started.

That's nothing for something worth over +8k

Do I buy the dip?

>be NEET
>live in parents basement
>hear about cryptocurrency on r/Sup Forums
>take a loan and spend thousands on computer hardware
>start mining
>waste entire weeks letting the computer run at maximum power
>electricity bill skyrockets
>GPUs fry regularly due to overheating
>parents eventually ask why we consume so much electricity and why there i another mortgage on the house
>"Y-you don't understand you brainlets, I am going to be rich!"
>make .01 BTC profit (something between $1 and $100)
>IRS tracks you down
>takes house and car away from parents
>parents become homeless
>get sent to jail for tax fraud
>lose virginity to Tyrone and Pedro in prison

by high sell low my dude

Well you can lose thousands of dollars on tangible shit the same. Who cares.

Anyone have that recent tweet with the wall of cards, something about a mining couple? I want to check their twitter now.

>1.5% loss in 30 minutes is 'nothing'

We have a real wall street shark here.

Explain how that ispossible when miners are profitting from selling the shitcoins they mine, retardo
Are they all stealing electricity or something?

That's literally how crypto's always operated. Big changes up and down all the time

Reminder that you can't cash in imaginary currency. You can only spend it on the undernet on drugs, contract killers, seapee and Russian roulette live cam show bets with drugged Chinks.

>lose virginity
so he came out on top of anons in the end?

Never EVER take financial advice from libertarians or ancaps kids.

>Reminder that you can't cash in imaginary currency
This is the most boring /biz/ meme

You just need to sell to new suckers at the bottom of the pyramid

Tales like 40 mins for a BTC transaction to go through and costs like $40 to move it around

Compared to most nu-cryptos that have damn near instant txs and cost next to nothing and have all the advastages of the blockchain, being universal, decentralized, yada yada

>actual miners are not making any loss

Correction: people bought on to P0onzi coin twice. Once this year, and also a few years back.

Both times it was a scam and the guy ran away with all the money.

Jumping on the imaginary currency bandwagon.

>The actual miners buying up the gpu aren't losing much of their profit

You can cash, but you are selling it to other retardos, it takes ages, the websites that do it for you take a cut, and you also have to pay a comission to the bank and a tax when cashing, so yeah, memes.

The only want to mine effectively is if you are own a big as company to cover the the massive electricity bills that come with mining.
If you're one guy, no way you're mine and actually making a profit from the mining because you can't afford the massive electricity.

>$8405

IT'S HAPPENING

Literally happened with harddrives, gas prices, etc. Normies will always buy stuff without looking at price or caring.

>and you also have to pay a comission to the bank

U w0t m8

OH NONONONONONONO

OH MAMA I WON'T BE A SINNER NO MORE

...

Reminder NOT to buy used cards when the market floods with them

Not only are they pretty much worn out, you will be giving money to these people

...

>start mining on the side a few weeks ago
>this happens

well at least i made a bit of money out of it

DELETE

Like all poltards you're both complete imbeciles who dont understand how anything in the world works

They charge a comission for taking your useless shitcoin when you cash out, because most people aren't mining bitcoin, they are mining more obscure ones like monero or even others which are super obscure, so those you have to exchange for something worth a shit, then the bank takes anotehr cut for taking your ore well known bitcoins.

I-IT'S A MARKET CORRECTION
A WEEKS LONG MARKET CORRECTION

Why the fuck would an indiviual ever fucking mine?
You're not gonna make dick, you probably have no idea what you're doing and you're burning electricity.

Leave mining to the chinks, just buy and sell it as you would stocks and commodities.

>complain about boomers ruining the world
>millenials cause a long-lasting energy and resource crisis because they run billions of computers just to earn imaginary money

GAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHD

Help me mother!