Is there a solution for the crypto-mining and GPU prices?

Discussion in 'Off-Topic' started by dylbie, Feb 14, 2018.

  1. dylbie

    dylbie Registered

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    As I've previously discussed in another thread...

    I was going to upgrade my PC 6 months ago, but I thought I'd wait until the price of a 1080Ti has come down a bit. I was wrong.

    Prices are now between £900 and £1000 here in the UK which has taken it beyond what I'm prepared to pay for a single component. I built a full PC 5 years ago for £900 (which was no slouch) and, if I'm not mistaken, inflation hasn't risen that massively since. GPUs seem to be up about 50%.

    So is there a solution to this? Or are we now stuck with massively inflated prices?

    If manufacturers increase supply, surely the miners will just buy them all up to make more cryptocurrecy, pushing prices even higher.

    Bill Gates has said cryptocurrency isn't going anywhere so I guess all we can hope for is a massive crash in it's value, but it's not going to disappear.

    It just seems ludicrous to me that a 'graphics card' is not being used for graphics, but is pushing the prices out of the reach of people who want to use them for graphics!
     
  2. Filip

    Filip Registered

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  3. TechAde

    TechAde Registered

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    One solution is to pay the inflated prices and then use the card to mine crypto-currency for yourself. If you can't beat them, join them!
     
    SPASKIS likes this.
  4. Will Mazeo

    Will Mazeo Registered

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    The only way to pay a fair price in a GPU (at least here in Brazil) is buying a full machine, some shops manage to keep the prices of the card down if sold that way. Selling only the card with normal price becomes hard when 1 person alone buy 40+ cards
     
  5. Coutie

    Coutie Moderator

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    You can buy directly from the makers, but I think they sell out fast. Nvidia sells the 1070ti for $499, closets on newegg is $589, going up to $1299.
     
  6. stonec

    stonec Member

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    You are probably better off waiting for Nvidia Volta generation. With a new GPU generation, even if you won't get hold of a new model, it almost always will reduce the price of the previous generation flagships and miners will probably get more interested in the new cards as well rather than old ones.
     
  7. UsedMomo

    UsedMomo Registered

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    Just wait it out. Cryptocurrency is a scam and has no inherent value. Bitcoin has already crashed hard and will eventually reach zero, along with all the other Ponzicoins.

    For now, invest your GPU money in gold. It's actually worth something.
     
    The Iron Wolf and F1Aussie like this.
  8. AMillward

    AMillward Registered

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    Had a guy the other day trying to sell me this Bitcoin dream get rich quick Ponzi scheme. I don't buy it, there's a reason my money is in a bank: It's safe in there.

    Bitcoin is another 3D phase. 3DTV came and went, Bitcoin has already come and gone

    As with anything digital it can be hacked.

    My question is- Why GPUs? I don't get any of this so whenever anyone tries to sell me this thing I just stand there and nod.
     
  9. SimonJ

    SimonJ Registered

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  10. Max Dralle

    Max Dralle Registered

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  11. Will Mazeo

    Will Mazeo Registered

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    Wasn't there a talk about changing the codes so these machines wont mine "too fast"? Saw something like that a few days ago, I could be mistaken
     
  12. Max Dralle

    Max Dralle Registered

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  13. AMillward

    AMillward Registered

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    Next business networking meeting where someone tries to sell me this Bitcoin get rich quick scheme...

    It's 3DTV all over again.
     
  14. Max Dralle

    Max Dralle Registered

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  15. mesfigas

    mesfigas Registered

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    its a digital fake money that ruined p.c gaming
    devils tools inside.
     
  16. Max Dralle

    Max Dralle Registered

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    Wow... maybe that's one way to look at it, but I find your statement pretty ignorant.
    Do you even know that your current system would be capable of mining without any additional expenses ?
     
  17. Adrianstealth

    Adrianstealth Registered

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    It will not last to long
    Market will equalise

    Hold off for a while but keep eyes open for a fair priced gpu in meantime
     
    Max Dralle likes this.
  18. AMillward

    AMillward Registered

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    It's a get rich quick scheme, that's all it is.
     
  19. Max Dralle

    Max Dralle Registered

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  20. Adrianstealth

    Adrianstealth Registered

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    The tech behind crypto currencies imo is it biggest asset

    The Block chain tech I bet will be introduced into conventional financial systems around this point crypto bubble will crash & die away
     

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