Following recent crypto-currency news, the popular currency known as Ethereum has been driving up GPU prices and demolishing availability, has been hacked. An estimated 153,000 "Ether" has been stolen, with estimates at a value of 32.6 million US dollars.

"The initWallet function should have been marked internal, but was instead not marked. Unmarked functions default to public in Solidity, so anyone can call that function and reinitialize the wallet to be under their control"

Will this be the down-fall of Ethereum? Will we see a sudden surge of cheap, high end GPU's on the markets? One can only hope!

Read more about the wallet hack here.

 

[Nightwish]

What's the point of a high end GPU anyway, the gameplay's the same. I guess it's the only way not to get bored AAA these days... keep spending so it keeps going down, will you guys? Buy some Vives while you're at it, I might buy both 5 years from now if you do it.

How many people are mining, anyway? I'd think there'd be more usage for Deep Learning than cryptofads, but I really have no idea.

EDIT: typos

 

[Reploid]

I don't think this is the best site for posting this kind of news.

 

[Jarmenti]

The 1080 and Ti editions werent' affected as they are "crappier" at mining... less hashes per watt than the 1070 and amd cards... At one point you could sell your 1070, buy a 1080ti and a case of beer! I had just sold a 1070 to my friend for $500 CAD just prior to the GPU frenzy! lol

 

[brickmii82]

I'm willing to bet crypto is here for good. Basic economics dictates every bubble has a bust. The GPU market just had a bubble because of the Eth bubble. It'll bust as well.

It's actually better if it lasts a bit longer, because retailers will increase stocks of mining cards. Then the bust happens so they liquidate at cheap prices for brand new cards, rather than miners liquidating used ones.

 

[SnakeOil992]

The 1080 and Ti editions werent' affected as they are "crappier" at mining... less hashes per watt than the 1070 and amd cards... At one point you could sell your 1070, buy a 1080ti and a case of beer! I had just sold a 1070 to my friend for $500 CAD just prior to the GPU frenzy! lol

In a way they were. Due to mining, there was, as we know, a lack of cheaper cards. The more expensive cards weren't affected directly, but when there was a lack of 1060s everyone bought 1080s despite them being pricier. In turn, that caused a similar lack of 1080s as well. I was truly lucky to find a generally speaking cheap 1080 two days ago on Ebay.

 

[Todderbert]

Oh... well still got my GTX 1050TI.

Hoping nvidia make a new android shield tv with GTX 1080TI Or tablet maybe

I have a pair of 1050Tis running Einstein@Home, they are awesome cards.

As far as crypto crap and fake money, I'll hang onto the real stuff.

 

[Yil]

Finally miner get what they deserved.

 

[Lucifer666]

Everyone on this thread's acting like people investing time and money into setting up mining stations is inherently a bad thing lol

Surprise, graphics manufacturers can tailor to both miners and gamers it doesn't have to be mutually exclusive. At least mining has encouraged the industry to move forward

 

[leon315]

Yes. In fact, they are already all over ebay.

Pls can u provide me the link?

 

[FAST6191]

A quote I once saw pertaining to bitcoin exchanges was
"There are two types of bitcoin exchange; those which have been hacked, and those which don't yet know they have been hacked"
Seems history gets to repeat itself.

Good, I'm tired of these cucks driving up GPU costs.

How is one a cuck, either in the traditional sense or the more recent weird alt right/internet sense, for buying a GPU to use?

And this is why crypto currencies are still a bad idea.

Plenty of people have had their paypal account hacked, are we to dismiss more conventional currencies off the back of that?

Now those poor GPUs can be used for what they should be used for.

Calculating lots of numbers at a time? Pretty sure that is what they were being used for.

I've never heard of this currency? What's so special about it? I'm not Googling it, you're not the boss of me.

Contrary to the other reply you go there is more to it. Yes it can function as another currency but it also does something called smart contracts

Ethereum is then the one to do this that has caught the mind of the public.

I don't think this is the best site for posting this kind of news.

As of writing this we seem to be on the third page of discussion which is staying on topic. The site clearly has a tech focus and this is a fairly major event within it all.

Finally miner get what they deserved.

They appear to be participating in a legal activity that is not harming anybody other than those which "have" to have some of the shinier graphics cards right now. What might they deserve?

 

[Yil]

A quote I once saw pertaining to bitcoin exchanges was
"There are two types of bitcoin exchange; those which have been hacked, and those which don't yet know they have been hacked"
Seems history gets to repeat itself.


How is one a cuck, either in the traditional sense or the more recent weird alt right/internet sense, for buying a GPU to use?


Plenty of people have had their paypal account hacked, are we to dismiss more conventional currencies off the back of that?


Calculating lots of numbers at a time? Pretty sure that is what they were being used for.


Contrary to the other reply you go there is more to it. Yes it can function as another currency but it also does something called smart contracts

Ethereum is then the one to do this that has caught the mind of the public.


As of writing this we seem to be on the third page of discussion which is staying on topic. The site clearly has a tech focus and this is a fairly major event within it all.


They appear to be participating in a legal activity that is not harming anybody other than those which "have" to have some of the shinier graphics cards right now. What might they deserve?

Everything from rx 560 to gtx 1070 are gone or resold at over twice the price, and all of them are second handed with damaged chip. It's not just shinier ones, but every single gpu worth buying below originally priced at $450.

 

[FAST6191]

Everything from rx 560 to gtx 1070 are gone or resold at over twice the price, and all of them are second handed with damaged chip. It's not just shinier ones, but every single gpu worth buying below originally priced at $450.

Your point? Demand exceeded supply and a price rose because of it. Sucks if you had a gaming rig planned or something but beyond that I can not see a problem.

 

[Jayro]

Your point? Demand exceeded supply and a price rose because of it. Sucks if you had a gaming rig planned or something but beyond that I can not see a problem.

That's precisely the problem... I've been waiting patiently for the 1060 6GB to come down below $200, and just as it hit the $200 mark, they go up to over $400, thanks to miners... Now I have to wait for them to move on to 8GB cards, as well as wait for the used cards to trickle away and new cards to become restocked at regular price again.

 

[FAST6191]

Sucks to be you I guess. Still not seeing what the miners might have done wrong in any kind of legal, moral or ethical sense.

 

[Jayro]

Sucks to be you I guess. Still not seeing what the miners might have done wrong in any kind of legal, moral or ethical sense.

Their GREED for mining is taking away the ability of others who want to upgrade at retail price... What's not to get?

 

[FAST6191]

I was once in a used car stealership and the guy asked "how much do you want to pay today?"
The reply of course was nothing at all.

Equally it is usually called RRP which is recommended retail price, not hard enforced retail price. Going further said retail price is not some magical price derived by science and some kind of idea of fairness and is what they think they can gouge out of you for it.

 

[DinohScene]

Plenty of people have had their paypal account hacked, are we to dismiss more conventional currencies off the back of that?

Paypal is better protected then crypto currency.
The money back be traced back, something that crypto currency can't.

I'm all for digital currencies, don't get me wrong on that.
But having a non-centralized currency with constantly inflating prices...

That's like hearing about someone robbing a bank and being like "This is why paper money was a terrible idea". You would have never been able to carry that money in silver bars or change!

It's highly unlikely that in this day and age, a robber would successfully pull off a heist.
Chances of being busted are a trillion to one.

 

[SnakeOil992]

Their GREED for mining is taking away the ability of others who want to upgrade at retail price... What's not to get?

Don't worry, they'll get it when Ethereum finally crashes and burns.

 

[Viri]

Paypal is better protected then crypto currency

+1
I've had my Paypal hacked in 2011 or 2012, (forgot which year). I called them, and they returned all my money, banned the hacker, and changed my password. Paypal has really good customer service. They helped me out every time, when someone ripped me off on eBay, which is pretty rare.

 

[air2004]

What are the odds that this was an inside job?