The heck is going on with GPU sales?

Discussion in 'Computer Hardware, Devices and Accessories' started by Futurdreamz, Jan 17, 2018.

  1. Joe88

    Joe88 [λ]

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    they are mining right now because they think they will resell whatever they mine for alot higher, its lost 50% of its value already
     
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  2. gman666

    gman666 Cubicle Expert

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    I think this is mostly caused by altcoins and Ether.. It doesn't make sense for anyone to mine bitcoin with consumer grade GPUs. Apparently, Ethereum will switch from a POW system to POS within this year. That means that GPU prices will go down as mining Ether will become non existent.
     
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  3. Futurdreamz
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    Futurdreamz GBAtemp Addict

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    They are not mining for new bitcoins. They are mining for transaction fees, which is currently a lot thanks to everyone panicking.
     
  4. Futurdreamz
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  5. Futurdreamz
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  6. Termer

    Termer Fullstack developer

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    Use Monero.
     
  7. TotalInsanity4

    TotalInsanity4 GBAtemp Supreme Overlord

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  8. Futurdreamz
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    Futurdreamz GBAtemp Addict

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    I used to hate the Lighning network idea because it sounded like fraud, but if it's put into place it will repair Bitcoin's liquidity and deincentivize mining by eliminating transaction fees. Seems to be coming out soon, finally.
     
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  9. TotalInsanity4

    TotalInsanity4 GBAtemp Supreme Overlord

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    SegWit2x was supposed to fix this, wasn't it?
     
  10. Tomobobo

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    RAM prices too, it's a bad time to build a pc.
     
  11. osaka35

    osaka35 Instructional Designer

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    I've been waiting to upgrade my GPU for over a year now. I'm hoping AMD's next release is a lot more optimized and there's enough to go around.
     
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  12. Futurdreamz
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    On the bright side they have enough sellthrough that they can afford to invest in VEGA 2
     
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  13. Ominous66521

    Ominous66521 GBAtemp Advanced Maniac

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    The thing is this didnt just affect all the mid range cards like the 1060 and the rx 480 or 580,but it also killed the high range cards like the 1070 and the 1080 aswell as the budget 1050ti's,which used to cost 140$ now costs as much as what a 1060 should cost.
     
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  14. nero99

    nero99 GBAtemp Addict

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    You gotta look for those used deals. The 1060 6GB costs between 500 and 800 now, but I scored a used one for 365. A little over priced, but worth it for the new rig I'm building. You can also find some rx 580s on ebay for $300-$400 if you're lucky.
     
  15. Tomobobo

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    I picked up a 4k tv and wanted to upgrade my gpu to get some better gaming results. I got lucky and picked up a gtx 1060 6gb at best buy for $300, but was pretty unimpressed with the performance gains compared to my r9 270x 4gb. I swapped the 1060 out for a similarly priced RX 480 8gb and that thing performed worse than the 1060. Definitely not worth $300, and they go for a lot more than that online. I returned the 480 and I'll be waiting for something with substantially more power, and not for $900USD. Here's to hoping that maybe the Vega 2 or Titan 2 can actually be an upgrade, but that's if the prices actually start getting back to the msrp.
     
  16. nero99

    nero99 GBAtemp Addict

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    You can that Apple for that one. They bought up most of the chips that are used on ram for their stupid ass iPhone 8 and iPhone x. Newegg is selling some 32GB ddr4 2800 packs for $300 right now on ebay tho.
     
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  17. optikalsaint

    optikalsaint Advanced Member

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    No one mines Bitcoin with GPUs anymore and that hasn't been a thing since ASIC miners were created many years ago.

    There are no miner specific GPU's currently on the market outside of announcements of yet to be released products from AMD. Regardless, more GPU's get purchased in bulk by companies like Amazon, Google, and Microsoft for their hosting/cloud based machine learning platforms. Those purchases far outweigh the amount of GPU supply going towards the cryptocurrency world due to GPUs being much better suited for a lot of machine learning over regular CPUs

    Can't clean them out if they do not exist yet. The closest ones to come into existence were just prototypes announced that were just regular consumer GPUs with higher quality fans that won't burn out as quickly from running at 80%-100% fan speeds 24/7

    SegWit2x was a Bitcoin hard fork and as stated above, Bitcoin doesn't use GPUs to mine. SegWit2x was also never released due to the fact that the community did not want it since Segregated Witness was already released and it would have been a centralized effort by a few companies to try and take over the decentralized Bitcoin network in a hostile fashion. Lack of support for the movement left it dead in the water.

    — Posts automatically merged - Please don't double post! —

    Lightning Network is already released on the mainnet in testing form and had between 75-80 active nodes when I last checked yesterday. On Wednesday there were only 17 active nodes on mainnet. I would expect if no drastic bugs are discovered in the protocol and all different implementations of of the layer 2 network continue to work together, we should start seeing wide spread use of the network toward the end of the year. Keep in mind that Segregated Witness launched on mainnet on August 1st, 2017 and still only about 10% of Bitcoin traffic is processed with segwit on a daily basis due to most users still relying on insecure third party custodians to manager their private keys, so adoption can be slow even if it is deployed. Those custodians have no business intensive to move to segwit since most of their systems were written years ago and would require massive overhauls. The amount of developer rot in Coinbase's infrastructure alone is enough to make a senior developer throw their hands in the air, douse everything in gasoline, light it on fire, and start over from scratch.
     
  18. TotalInsanity4

    TotalInsanity4 GBAtemp Supreme Overlord

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    Correct, but a lot of mainstream mining pools allow users to convert to Bitcoin for payouts
    Not true, I recall XFX came out with a special custom card with no video outputs specifically for miners. Pretty sure it was based on an RX 480 8GB

    Unfortunate(tm)
     
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  19. optikalsaint

    optikalsaint Advanced Member

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    Several cards based on the AMD RX architecture were announced but never made their way to the public. Those cards had the unfortunate side effect of being excellent for machine learning as well as mining so a lot of them were bought up wholesale last summer before they could ever make their way to the consumer markets
     
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  20. the_randomizer

    the_randomizer The Temp's official fox whisperer

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    Yeah, well Apple can suck it for screwing it over for the rest of us.
     
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