>Crypto currency miners buy out all the R9 280X in 2013 >They

>>60720943
Yeah and I have to wait month for fucking 580pulse because of this bullshit.

Fuck'em

>>60720943
The real winner is AMD

>>60720943
i'm so glad i bought my sapphire rx 580 limited edition on newegg at normal msrp three weeks before eth mining exploded. these miners are a double edge sword. on one hand they give amd and board partners money. on the other hand it keeps cards out of their targeted demographic, pushes gamers to nvidia for being out of stock for so long, and gives amd a bad rep.

honestly, i think miners are just straight bad for amd.

>mining crypto
expect to never make any money regardless

AMD should just add a fuck you function if people try to mine cryptocoins on them.
Keeping them out of the hands of people who use them for gaming (IE their primary market) is bad for their business.
If they want to mine buttcoin get the fucking AMD compute cards that they sell

Why can't they just make more?

>>60720943
Is now the time to sell my 295x2? The thing sounds like it's about ready to die...

>>60721688

By the time that they adjust their production outputs, the demand might have gone back to normal.

>>60720943
Bitcoin will rise like spaceship you dumb retard.

File: 1475697290218.jpg (83KB, 546x678px) Image search: [Google]

83KB, 546x678px

>>60720943
>He didn't mine fat stacks of Doge in the first days on /g/

>>60721807

Then just buy the fucking coins directly. There's no need to jump through the hoops of mining them. The return on the investment is also practically instant. Price goes up 10%, your 1000 investment has turned into a 100 dollar return. Price goes upp 100%, that's 1000 dollars in return.

Meanwhile if you buy mining hardware for 1000 dollars, maybe you'll see a 1% return on the investment in a year and if all of that was thanks to a rise in value then you'll really could have just bought the coins a year ago and made hundreds if not thousands of dollars more.

>>60721030
not really, surveys and marketshare charts will show nvidia numbers growing and their mindshare will go with it

>>60721047
>not knowing what eth is

File: 1479753009161.jpg (71KB, 676x720px) Image search: [Google]

71KB, 676x720px

Seeing these price absolute hell. Good thing I got an RX 480 for $180(tax + shipping included)

Can someone redpill me on mining? Is it worth it? How does it exactly work?

>>60721968
TL;DR weather you make a profit depends on your electricity cost.

In the US the average price per kilowatt hour is 12 cents. In the EU it is 23 cents. In some parts of China it is 3 cents.

If you live in a place with no metered electricity rate (ie college dorm room) you are golden.

>>60722053
I live in a third world country where electricity is like $200 per month for full house

>>60722134

Then you're fucked. But really, hardly anyone ever actually sees a return on their mining investment. Like >>60721872 said, just buy the coins directly and sell when you've made a proifit or you've lost too much money.

>>60721968
It's not worth it, its only use is to launder money.
Ie. you rent a mining rig for your illegally gained coins and mine fresh ones not connected to the illegal ones.
You lose a lot of money in the process, especially if you route the mining rig traffic through a torified mining proxy or similar.

>>60720943
At that price wouldn't it be better to buy 1070 for mining?

File: 1496388445664.webm (2MB, 690x388px) Image search: [Google]

2MB, 690x388px

>>60721968
It's definitely worth it but only if you want to invest in crypto. If you just want to quickly cash out to fiat then it's not as efficient. I'm assuming the posters saying it's not worth it haven't actually researched it recently.

Look into some crypto/mining sites and calculators and you can see for yourself if it is worth it in your situation.

>mining
>2017

yeah just fucking buy coins.

>>60722197
I would say paying much over 350 USD per 480 is probably too much but it depends on electric cost for you. Buy yes, 1060s and 1070s are quite good for some algorithms and you can even dual mine on them now.

>>60722053
>TL;DR weather you make a profit depends on your electricity cost.
your profit depends on how long you're will to hold them.

>>60721945
You can now sell your RX 480 used for $300-350 on eBay, buy a GTX 1060, and enjoy your remaining profit.

>>60722157
>>60722163
>>60722219
Thanks anons

>>60722268

I might unironically do this

>>60721057
>AMDrone begging AMD to give him less freedom to do as he wishes with hardware he owns

>>60721922
They still win though. They have a market that will definitely buy cards they release. There's nothing better than guaranteed sales.

Have just realised that if I sell my RX 480 for some quick money I'll lose freesync if I move to 1060.

Is this price spike affecting RX 470 as well? My 480 is overkill for my use so could always take a step down

>>60723836
Check if you can find a single RX 470 for sale online. If you can't they're all gone.

File: radeon-r9-290-hawaii-benchmark,O-P-407833-22.jpg (54KB, 600x373px) Image search: [Google]

54KB, 600x373px

Still waiting for the 590. June 27 still on?

>>60724087
If you talking about big Vega then no, it's supposed to release at the end of July.

>>60720943
>still buying AMD after Maxwell introduced LOP3.LUT
retards

>Still shilling for Novideo
retard

>>60721872
What the fuck are you talking about? The rx480 pays for itself in less than two months assuming the price of ETH doesn't go up (and it will).
After the initial two months it's just mining you free coins, and you can still buy more with your existing fiat.

>>60724539

>The rx480 pays for itself in less than two months assuming the price of ETH doesn't go up (and it will).

Except you gotta pay for all the other hardware as well and then hope that in the next 2 months the price doesn't collapse and your power bill needs to be managable and so on.And difficulty needs to at least not grow too fast and so on.

And you better hope nobody develops ASICS for eth because then your hardware literally becomes worthless.

>>60724539
>it's just mining you free coins

rx480s at 100% utilization run off of goodwill or something?

>>60720943
>I have autism, here's why...

>>60724768

Except you'll never find one at that price point today. We're talking at least 3 months and if the price crashes to half of where it is at the moment, you'll be looking at 6 months and if the difficulty increases as well then you might have to wait a year or infinity because you'll be mining less than your power costs.

I mean, this stuff always looks good on paper but once you really look at the costs and risks, you realize that most of the time you're just taking a massive gamble.

>>60724768
>Except you gotta pay for all the other hardware as well
The actual return of investment time on the GPU itself is 48 days, and when you have a mining rig with 6 $250 GPUs the two $100 power supplies, the $80 motherboard $60 CPU and 4gb ram don't seem like huge % bumps in price.
>ASICs
ETH is ASIC resistant.
>power bill
It's already calculated in at $0.1/KW/h
>difficulty
The price rises with difficulty
>>60724812
>paying $10 a month for electricity and in turn getting 0.74 ETH (currently valued at $164) can somehow not be classified as "mining free coins"
Why do you people insist on having this obnoxious "bursting your bubble" tone when talking about things you don't understand/have sufficient information about?

>>60720943
How many people actually look at their electricity bill and calculate all the kWh used to see if its worth it?

>>60724934
>if the price crashes to half of where it is at the moment
This will not happen, and if it did the following would happen
>ETH price plummets and mining becomes less profitable
>many miners jump ship and switch to mining ETC/ZEC
>network hashrate goes down
>miners get more coins for the same hashrate
>ETH price goes up some time later
Short term swings are risky and it can be a bit of a gamble, but ETH will stick around and be worth multiple times the current price in a few years.

>>60725003
ETH is gonna switch to PoS this august. So you can expect ETC to spike very soon.

>>60725035
Do you think I should switch to ETC now? My idea was to mine as much ETH as possible before they switch to PoS, but I haven't thought about the entirety of the ETH mining network having to switch to other coins. Now I'm thinking we might see a huge rise in the ETC network hashrate when that happens, so it might be smart to switch now and get a bit of a head start

So why is ETH booming right now? Seems like there is some legit market forces driving it wihin the tech industry that isn't just "LOL BUY MY BLACK TULIPS"

>>60725225
Same thing that happened to butt coin. Advertising.

>>60725225
(((they))) are standing behind it. jp morgan, citi bank, intel, ing, microsoft, the national bank of canada, samsung and toyota are all members of the ethereum enterprise alliance
honestly this is a huge red flag concerning the viability of ETH as a currency, but it was never intended to be one anyway

>>60721036
miners are pure cancer kys

>>60720943
This is why CUDA and every other NVidia proprietary solution is winning.

Why aren't people rentibg their gpu power to actually do something useful
Like ressearch etc like folding home stuff on the ps3

File: moon2.jpg (783KB, 1500x1500px) Image search: [Google]

783KB, 1500x1500px

>Buy AMD 5970 mine bitcoins
>Buy AMD r290x mine dogecoin
I'm up about 30k USD, only mined for a few weeks then used them to play video games, who's laughing now?

>>60726025

Increasing your income by a few hundred bucks a month is objectively useful.

>>60726025
Because doing whatever gives the most return and using the returns on that to do whatever you want is much more efficient.

>want to mine eth
>stuck with gtx 770
oh well

>tfw mining ethereum with my RX 480 and making enough to buy a RX 480 every month
stay jealous poorfags :^)

Will minetards buy muh r9 390° housefire so I can get a 1070?

>>60726646
You actually cashed that shit out?

Yet another reason to buy Nvidia.

>>60722197
mining with an nvidia card..

you will probably mine salt instead of coins with them

Newfriend here

>mining ethereum

What is this? I know it is a crypto currency, something, comparable to BCs?

What can you even buy with Ethereum coins or whatever it is called, other than drugs?

It's no use if it stays a digital number, and I cannot get real world goods for it.

>>60727703
>mine ethereum
>transfer to crypto exchange
>buy btc
>buy electronics from newegg or cash out at a btc atm or coinbase
>you now have either expensive electronics or fiat money which is a jewish scam but it still buys you things

>>60727795
Not feasible here in Europe.

>electricity is expensive, 30Cent/kWh
>no newegg or anything, BTCs not really accepted anywhere

>>60721057
primary? everything they ship is primary there is no secondary or third or whatever

>>60727634
>salt
Can you explain this?

>>60727703

Complaining about something that is obviously good and isn't popular yet is stupid, anon.

And no, to answer your question, there isn't a real reason to mine for someone like you right now.

I'm about to turn 20 racks of servers into monero miners, $0.02 kw/h.

>>60727836
if you want to stay poor because you couldn't bother to actually look things up be my guest

File: 1492240948789.webm (1MB, 1024x576px) Image search: [Google]

1MB, 1024x576px

>>60727634
Nvidia 10X0 cards are extremely good at Zcash mining

So how the fuck do you mine ETH???

Every site I've found is some shady ass shit I wouldn't trust.

Can I sell my rx470 for a good price?

>>60720943
>GPUMiners
Seems right. The mainstream cryptocurrencies are dead, as ASIC and cloudmining are both centralizing the currency mines.

>>60728935

Just check ebay.

>>60721036
Nvidia makes double the money and locks people into their products with gsync as well. AMD is only shooting themselves in the foot in the long run.

>mined 0.11 ETH
>listed it for sale
>a week later no one is willing to pay $25 for it
I wouldn't even make $25, I wasted probably $20 of electricity... What are these cryptominers thinking?

>>60726646
Unless you have an entire room filled with RX580s you are not making 30k in a few weeks. You honestly need 10 RX 580 to make less than a grand. Not to mention how much electricity/bandwidth you are wasting.

>>60729078
this, besides you are just fronting the bill to your ISP and electric company/land owner.

IF they wised up they could charge you more,etc

>>60729078
>less than a grand
I forgot to add: "in a month."

>>60729096
Another thing that is hilarious is there are countless videos on youtube saying how awesome cryptocurrencies are and how they are now billionaires. Except for everyone that posted them they are still living out of a fucking shed.

>>60729120
When you have a limited amount of something in circulation then they can only increase their hypothetical value. However when people stop trading it because there is only $22 million in total it becomes useless and no one is willing to pay real money for 'limited edition' monopoly money.

how are you even thinking about making money with the current hash rate (unless you are mining some obscure shitcoin)? I thought even ASICs weren't useful anymore in small quantities

>>60729171

Ethereum doesn't have any ASICs. You can just buy a GPU and mine on that. At this rate and value, most AMD cards pay for themselves after just two months depending on your power bill.

>>60729499
>Ethereum
ahh ok, so is this the latest pump and dump meme

Is that why there were so few rx480s lately?

I feel like I'm lucky to have mine. Wanted the reference model because much aesthetics but need the extra fans man

buttcoin mining/investing is just a stupid get rich quick scheme for fucking washed up losers, shit never pays off and is just b8 to get people to work to bring the currency into circulation and others benefit massively from your mining

File: major cope.gif (2MB, 500x240px) Image search: [Google]

2MB, 500x240px

>>60729732
>>60729536
>>60729171

>>60729775

hope u cashed out already

>>60729890
>put in $350 fiat four months ago since I'm a broke college student
>already cashed out $500 and I have 0.36 btc as well
>somehow I'm losing here

>>60721826
That'd probably be worth a good $35 now!

The board where everyone talks about mining...but absolutely nobody actually does it.

We know because nobody here can describe how to do it.

File: 1390501272389.jpg (271KB, 737x1445px) Image search: [Google]

271KB, 737x1445px

>>60721968
>Is it worth it
depends on the timing
back when dogecoin first came out I was mining from day one
the value kept going up and I had over 10 million doge just from mining on my 7970
with that money I bought 8 290X GPUs and was mining like crazy
it slowed down a lot after a month or so, but by the end I had made ~$60000.
would've made more if I had cashed out before mt gox crash, but I kept it because value of both DOGE and BTC kept going up until then.

>>60730425

That and >muh power consumption so /g/ actually refuses to run their gpu full tilt for weeks on end. I boinc with my custom cooled 290x because i'd rather it do something than sit idle when i'm not using my pc.

Reading thru the thread, I guess I'll give ethereum mining a try, and hopefully get enough money to replace my gtx 570, hopefully the poor old bitch won't die trying. Interesting that you can purchase stuff from newegg.

>>60729925
You're clueless, you could get millions of Doge in the early days. 1M Doge = $3,000 USD today.

>>60731603
It will take you years to get anything out of a gtx 570. For most pools the minimum is 0.2. You won't even be able to cash it out.

How do you mine ethereum??? Nobody on g fucking knows...

>>60731964
0.2 on a 570 would be a couple weeks at worst if the difficulty doesn't suddenly swing drastically. It's just a question if such small gains are worth it to him.

>>60731994
>Nobody will spoon-feed me so nobody knows how!

>>60732045
Oh fug a GTX 570 not an RX 570, nevermind. Don't do that.

>>60721922
It's significantly easier to just buy $500 worth of ETH and sit on it. Chances are it's financially a smarter move too compared to mining at this point.

>>60722053
>If you live in a place with no metered electricity rate (ie college dorm room) you are golden
My college threatened to bill me because I had 3 fridges

I doubt you can just run 10 GPUs 24/7 and go unnoticed

>>60731994
Google it you fucking cryptokike

>>60724539
>Difficulty increase
>Electricity
With a mining calculator that take difficulty into account mining with a r9 290 would only bring significant money for a few months and the 580 isn't much more powerful although it's more efficient.

my question now is simply, when do you guys figure the bubble is gonna burst?

bc its always been like that. up down up down bull bear bull bear bull bear

>>60732176
Every site is shady as fuck.

You guys are obviously just talkin shit.

>>60720943
Looking to go RX 580 Armor. Its my first miner. Any Eth miners got good results or income from this card?

>>60733365
>armor
enjoy your house-fire

if you want to go armor then take rx 480 not 580.

>>60733365
They aren't even in stock anywhere, you can only get one from scalpers. You should also know exactly what hashrate to expect, what your electricity costs will be, and the current difficulty all by yourself instead of asking random people on the internet.

>>60733392
Why rx 480 over 580? Wouldn't I get better hashrates over the 480? The 580 has a higher clock speed. I know the AMD house fire is a meme but isn't that what house insurance is for?
>>60733414
Well fuck it was earlier this morning when I checked SuperBiz.. Damn it. I've researched the hardware and my build over a month. Expecting hashrates to be close to 27-29 MH/s depending on chipset, electric will be close to 990-1000w usage, less than $2.00 per day, i was going to use minergate, is there a better pool?

File: 1495146637794.jpg (86KB, 600x900px) Image search: [Google]

86KB, 600x900px

I have free electricity for the next three months (possibly 6), an i7-4790, 16gb ram. Currently using igpu.
Is it worth it to start mining? What do I need to start mining?

>>60731662
Please tell me who is buying dogecoin.

>>60721945
Woah, my granddad had that exact same wallpaper pattern.

Can you even compete with other countries that have much cheaper energy?

>>60733521
oh god no, even on gpus it's painfully slow to get any sort of money.

File: 1495145301953.png (824KB, 597x871px) Image search: [Google]

824KB, 597x871px

>>60733602
>>60733521
I also have a $500 budget for parts

>>60733629
295x2

>>60724087
......im gonna guess when RX Vega drops they will be out of stock until September.

>>60724931
>paying $10 a month for electricity
yeah ok

>>60721019
i'm already fucking them, about to make 1080 money off of a 300 muribuck purchase

tell me where you were when the cryptocucks lost

>>60733478
I've heard some people actually slightly downclock their mining cards because it gives a significant amount of power savings with little cost to performance. Apparently clock speeds don't matter too much with the type of computation it performs.

File: ebin.png (2KB, 153x108px) Image search: [Google]

2KB, 153x108px

>>60733536
I'll at least admit that these people are fools.

File: Capture2.png (159KB, 400x230px) Image search: [Google]

159KB, 400x230px

>10hrs later
I'm losing faith

File: 1469656490556.png (14KB, 166x166px) Image search: [Google]

14KB, 166x166px

>>60720943
>mining currency

Waste of time, cooling and electricity. Guess what, someone who buy a mear 100 BTC back when it first started, when it was worth pennies, would be worth a quarter of a million right now. That is a smart investment, mining is not.

>>60735864
And if they had it in MtGox, like 95% of people did, they wouldn't have any Bitcoins today!

Your move, faggot.

>>60735876
Keep your money in multiple places saves you, shocking discovery by anon. I'll ring up my local banks and tell them just that when they tell me they only guarantee up to $250,000.

>>60735876
>letting someone else hold your money
you can literally keep them on your own machine, though???

>>60721030
>AMD winning with buttcoin miner

They lose their main enthusiast base because of shortage and pricehikes. Their cards are instead bought by mindless cryptocurrency nuts.