Is this ever going to end?

Is this ever going to end?

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Damn gamers ruining mining card prices

Greed is Good.

Crypto will never crash, so no, it won't.

>base company on Greed
>call it "invidia" (Latin for Envy)

as long as these assholes keep buying out shelves, no. miners need to be compensated in some way and the current system is flawed.
>block award is 1 coin @ $100 USD today
>block award is .5 coin @ $200 USD 6 months later
payment is practically linear due to the difficulty and price compensating for each other.
Honestly the big traders are the only ones who can stop it, all they need to do is back out of crypto for whatever reason, which they won't because crypto is literally just money laundering and manipulation; and miners are the pawns for the traders
>reverse funnel

>Honestly the big traders are the only ones who can stop it, all they need to do is back out of crypto for whatever reason, which they won't because crypto is literally just money laundering and manipulation; and miners are the pawns for the traders

you're an idiot. You can use cryptocurrency for multiple reasons - an INFINITE number of reasons. Its like owning a gun and the great gun debate in america - you can use a weapon for protection or to hurt someone in a war. We dont just ban guns that would be stupid same with some big player in crypto just backing out at this point. It would be like if russia were to just get rid of all their nukes and disarm even though everyone else already has them

>Its like owning a gun and the great gun debate in america
Except owning a gun in the gun debate will let you still shoot someone if you want. Owning Bitcoin if traders drop it and suddenly the price is 1 BTC = .000000000004 USD is less useful than owning used chewing gum, because at least the used gum could be used for thermal paste.

crypto is a lifestyle, its not about the USD value

>drops that much on inflated MSRP 1080 Ti's
>current power and difficulty costs
Should've preordered an ASIC.

Fuck those mining piece's of shit. They just screw everyone else but, what do you expect from the current state of society.

>crypto is a lifestyle, its not about the USD value
Cryptocurreny is entirely dependent on USD, cryptology and cryptopunk are Sup Forumslifestyles. Bitcoin and others are linked entirely to the value of the USD for any meaningful transaction. You're spending real money to "mine" autism. You could build folding farms, find ways to create coins that don't rely on blockchain decryption but actual work. (like scientific data processing.) instead you download 200 gigs of useless data and pay a premium on FPAs and GPUs to get something that no one will accept if it falls below a threshold. If it is lifestyle, give me one example as to how you'd use BTC or Monero if the price was on pairity with Dogecoin?

>its not about the USD value
kek then what is it about buying more gpus and power bill increases

>Cryptocurreny is entirely dependent on USD, cryptology and cryptopunk are Sup Forumslifestyles.
no its not. Some progressives only trade in crypto, doing away with the USD and the old ways altogether. This group of traders are currently on the darkweb.

>kek then what is it about buying more gpus and power bill increases
crypto is a form of money thats hard to understand. You trade in it. You can also use your gpus for research

Crypto is just another form of debt. It's not gonna go away unless every country unites together in criminalizing its use

With divorce it would seem

>Crypto is just another form of debt.
no. You can use your gpus for research, deep learning, rendering, video gaming

t. guy who went to a microcenter and dropped 35k on GPUs.

imagine being so fucking retarded that you drop thousands on memes instead of actually building a proper investment porfolio
Has anyone actually made CASH from bitcoin outside of the original devs/ miners?

One mean word from China and your lifestyle is now worthless :&)

There are some interesting cryptos now, but the vast majority of people are P&D scammer, mommy investors, and sycophants such as yourself that prefer to hoard their shitcoins instead of doing anything meaningful with them

get that lambo yet buddy?

you cant get good gpus from microcenter, this is why americans are losing the ai battle. You have to buy from other countries to get good gpus

>Is this ever going to end?
one would hope

i can't wait for the inevitable moment bitcoin collapses in on itself. /biz/ will shit their collective pants and i'll just sitting idly by eating popcorn with a shit eating grin on my face

This.
Fucking manchilds.

this 2bh

Wtf is this even going on? Is every half normie nerd that makes $100k plus just dropping all their money on mining and gpus?

>There are some interesting cryptos now, but the vast majority of people are P&D scammer, mommy investors, and sycophants such as yourself that prefer to hoard their shitcoins instead of doing anything meaningful with them

I'm doing research (unreleased) about AI deep laerning with my gpus, so i can get a job with moot at google. I mined once, made about $3, figured it wasnt worth the heat in my room (it became a sauna). So now I watercool a tesla v100 in my datacenter.

>Some progressives only trade in crypto, doing away with the USD and the old ways altogether. This group of traders are currently on the darkweb.
No one on the darkweb or darknet is going to accept something that has no value. That's the purpose of BTC being valued and exchangable into other currencies, you can justify your purchases in whatever way you desire, but honestly if the main argument you use is "if it's worthless I might still be able to buy weed from someone off wallstreet maybe.." then it's moot. You're making a digital giftcard that only loses value and is now being viewed more and more as the bubble it actually is. For example, if I say a bunch of sand is worth money would you give me your house for three trucks of sand? No. You wouldn't. If someone offered 10 BTC would you? Seems like you would, which is funny because when it does crash and burn or drop to below a desirable rate then at least the physical sand will still be useful.

Shut up you fucking idiot. Your retarded fantasy of crypto, which by the way is basically stock now and not actually treated as a currency, will NEVER replace Fiat currency, stop being delusional. When the value of your "currency" drops over $1k over the course of a few hours, that's when you know you got caught up in a scam

crypto is as much of a lifestyle as living with your parents is

you're giving money away and not getting anything in return

So an Nvidia in Britain is somehow different than an Nvidia card in the US? and losing the AI war? What's that have to do with cryptocurrency? Cryptography is useful for protecting your NN, but mining with an AI or are just trying to move a goalpost to AI, in which you're still fucked because the prices are still inflated? Or are you just designing the world's first completely autistic AI?

Tether bubble is already on life support. It moved onto Euros after US regulators were starting to get investigate.

It is only a matter of time before EU starts doing the same thing.

Tether bubble is going to take out the entire cryptocurrency madness in a span of a few weeks.

You're giving money away, but instead you're giving it to the GPU maker, the FPGA maker, the power company, the landlord you rent your cuckshed from to host your mining farm, and in return you can now get online tokens for a kiddie porn site or premium meth.

You don't own a data center, you're a hikki neet posting on Sup Forums LARPing as a rich person. Give up the act.

>For example, if I say a bunch of sand is worth money would you give me your house for three trucks of sand?
are you retarded? You take sand and you make it into glass and then sell that (for crypto)

>then sell that (for crypto)
No, I sell it for money that I can anywhere in the world at every store on earth, and not specific sites.

Also, last I checked to get sand one needs to only go to a public beach, to get BTC you need to buy out a factory's day run of GPU and a power station.

He's probably trying to create an AI in python using open license dictionaries and water cooling a model his mother bought him while she continues to ask why the power bill is 30,000$

I own and operate a datacenter, which is why I bought a V100 to comply with NVIDIAs wishes instead of using the inferior titan v

That isn't what I mean. Look up the definition of the word debt. Like the money in your bank account is technically just intangible debt, owed to you by your bank. The bank loans some of the money indebted to you out to someone else (because you dont need it all right now) and makes more money by charging interest on the loan. Banks basically create real monetary value out of thin air like this.

The only reason I point this out is that people always act like crypto is worthless monopoly money because it's not printed or whatever, but really its no more fake than any of the other forms of debt out there. Making money on crypto gains is hardly different from making money on foreign exhange markets, it's just the value of crypto changes 100x faster than any national currency

I fucking hope so. I'd love to see all those who bought up GPUs to go homeless.
I'm still on a 770 and just wanna upgrade goddammit.

No u.
Stop living in some fantasy where every hypothetical had equivalent weight and look at what is actually happening.

Fuck. These are just god awful analogies. Holy shit dude.

nearly everyone does, anyone who says otherwise is themselves a miner trying to FUD you

>I own and operate a datacenter, which is why I bought a V100 to comply with NVIDIAs wishes instead of using the inferior titan v
So when you fail to report your earnings to the IRS, pay capital gains on assets, have every client you service complaint about the price because you're passing on the power expenses to them, or just go bankrupt from some other incompetency where can I read about it? Also, if you own a data center why are you using a GPU for block chain and not a rack of FPGAs that are infinite more effective at every crypto than etherium?

>card mining over ASICs
dumb

>nearly everyone does, anyone who says otherwise is themselves a miner trying to FUD you

>Almost everyone who has sold Juice door to door is now a millionaire, I'm sorry if someone tells you that they can't don't be dissuaded, they're the outliers of this huge millionaire making process. You know, the process that allowed everyone on /guice/ to live in Rockport in 10 bedroom houses while wearing jetpacks and posting from neural implants.

Thats at least 1.4 mil in just cards at 1k per card.. flm i just wanted to upgrade T__T

Uh, if you were a miner then wouldn't you be trying to convince everyone that crypto ISN'T a bubble to try to increase demand and thus prices?

no he's someone who built a folding farm at inflated cost and is now trying to justify his null results from mining using an inferior method (GPUs over ASICs..) in his quest for weed money.

I hope cryptocurrency crashes and all of those invested fall into debt.

>friend is interested in PC Gaming after he sees my rig
>he saves money by eating less and spending nothing for months
>He gets the money finally
>crypto craze starts sometime when he got all the money

I've never seen a man look so disappointed when opening an online store and finding that he now needs to sell his left nut for a good gaming rig.

Asics are not multifunctional and are thus useless for my other hobby which is gaming

Boy am I sure glad I bought my 1080 a year and a half ago.

Poorfags gonna poorfag

Stop wasting your life on children activities and be a fucking adult.

Tell him to get a job instead of being a need and starving himself

He does have a job, but it only pays enough for the bills and cheap ramen

>shitcoin with 2B market cap is going to take down a $500B market

Ok kiddo, keep jerking off to that in hopes of buying a new gaymen card

Sometimes you have to get better jobs to be able to afford things

>I don't know how market cap is calculated

>expecting me to take financial lessons from some fagot too poor to afford a $600 gaming card

Bitch please

so you run a data center, and you mine but you use one graphics card (so you can game..?) as opposed to use to using a huge FPGA rig like this: thinkcomputers.org/insane-crypto-currency-mining-rigs/mining-rig-26/ or are you just a retard who wants to justify to reality why you spent so much on a gpu?

>buy 35 GPUs
gaming, sure...

>Application Specific Integrated Circuits are not multi functional
Wow you must be a genius

>Almost everyone who has sold Juice door to door is now a millionaire, I'm sorry if someone tells you that they can't don't be dissuaded, they're the outliers of this huge millionaire making process

Not how it works at all so long as you have the proper tools you will solve a problem in the chain and get BTC. Anyone who does mine successfully or knows how to build a rig does get rich, and if you don't know how then I'm sorry you cant do what literally millions of people have done

>Not how it works at all so long as you have the proper tools you will solve a problem in the chain and get BTC. Anyone who does mine successfully or knows how to build a rig does get rich, and if you don't know how then I'm sorry you cant do what literally millions of people have done


You better be trolling if you can't see those are the exact same concepts

>You better be trolling if you can't see those are the exact same concepts
fundementally you are not, you're talking about spending money as initial investment which flows up and offers no payback, where as bitcoin and other blockchains require no investiment and when using the right GPUs and builds payout hugely. The pyramid scheme analogy fails because the pyramid collapses when the investors pull out, where as with Bitcoin or other blockchain while its rough at the start and the earlier sell offs caused huge dips it self corrects and will recognized to have value not paired to the USD but a value set by itself. That's not why it's cashed out like a casino but exchanged already like a currency exchange for other currencies.

>where as bitcoin and other blockchains require no investiment
hardware and electricity are free?

i got the same

a friend was almost so far that he buys a gaming pc with my help but now GPU prices have trippeled


>tfw when you cant blame them for sticking with consoles when its like this

JUST

>you're giving money away and not getting anything in return
Same thing with paid digital distribution.

This is legitimately horrifying to me. If this goes on, there will be no reason for Nvidia to ever make regular gaming cards again.
Hell, since people will just keep buying more of the same cards, they won't ever have to work on a new architecture either. Why put billions into developing Volta when people are still buying up every last Pascal card that you're tossing out there?
AMD's graph looks similar btw, they're also making huge stacks of money of miners.
This might just be the end of commercially available GPU's.

I've been pc gaymin since 2005, spanish speaker, and I never noticed this.

Power bill isn't an investment.
Hardware is relatively cheap. It's not like you have to buy a multi story building first.

>wastes thousands on btc hardware
>requires no investment
t. bitconnect

The gaming industry is a billion dollar machine, if Nvidia doesn't make consumer GPUs anymore the other component manufacturers will also crash and lose massive profits.

If people can't buy GPUs they won't buy CPUs and everything else that goes inside a PC.

They won't build GPUs because they don't want to be burned like a couple of years back.

wait for turing and ampere.

>tfw only 0.35 eth.

Miners won't buy Turing because they can't resell them.

Once Turing goes out of stock they'll buy Ampere stocks too.

The only way Nvidia can do this is to make Ampere a complete dud for mining from a hardware standpoint and make Turing really good for mining.

Good GPU prices and BTC fails will come to you, but only if you accept Jesus Christ as your lord and saviour.

>cant have a decent GPU
>doesnt buy a computer
were you dropped on purpose?

hahaha, do you miss open architectures yet?

What kind of retard buys used miner cards for anything near the original value?

>Buy RX Vega on day of launch for less than $400
>Flash to Vega 64 for better memory performance
>Gloat
>Several months later only used for light gaming and video playback. Never used for mining.
>Look at prices used on Ebay.
It is tempting to sell. Nah! I shall continue gloating.

this

You should sell it and buy a 1080ti for the money.

>Implying the 1080Ti would be cheaper
If anyone wants a cheaper GPU the best way right now (at least for the 1060/1070/RX580) is to buy a prebuilt Intel PC with GPU+iGPU, take out the GPU and sell the rest on Ebay.

H-haha Bitcoin is finished gpu prices b-back to normal

>tons of miners who are essentially printing more money
>it will surely stay just as valuable

if you bought at the dip, you could have buy a card.
if you can't fight em, join em.

nigger the prices go up because the margin of profit for cards is near 0, and since they're selling out almost completely and making shitall profit they are literally jacking up the prices to not go under
know what makes nvidia profit? fucking mousepads, t-shirts and gadgets they slap their logo on. Those have a HUGE margin, selling a fucking mousepad to them makes the same profit as selling 3 and half cards

what i mean is, wait for turing and ampere, hoard all the cards you can. do not wait at that time. day 1 buy.

resell them to miners at scalpers price.

>tfw only 3 cards mining.

i miss middle school

both nvidia and AMD have no problems selling half the card they produce if that means people that buy those cards will be brand loyal, miners are brand-neutral and are completely removed from their secondary high margin market, which is the reason this goddamn problem even exists.
If the margin was lower than it is currently, they would have immediately started making high margin cards to sell to miners, while making them completely unappetizing to the gamers market, and now you have stores physically preventing you from buying more than a single card per household because of this miner craze, exactly because the overpriced garbage both companies sell on the side make more money to everyone making money along the way. Miners don't buy that shit, gamers do.

Supply is the same whether there's 1 miner or 1 million miners.

They know they'll never get a roi on the amount they spent on those GPUs right?

Also what is the difference between the cards that have EVGA on them and those that don't ?

while( 1 )
{
auto roi = buy_card();
if( roi

>complain about people who are printing money
>not printing money yourself

this was insightful have a (you)

Why do you think someone who buys tools to make money should care about people who buy tools to use as frivolous toys? What makes money worse than playing for nothing at all?

[citation needed]