I'm beyond mad

How do you want your hair

fuck, can you imagine if you invested $15,000 into graphics cards 8 years ago on some random, highly suspect digital currency?
you could have been a millionaire by now

JUST

What? Why are they buying all those GPUs?

>>60906035
You could have been a millionaire by now by just investing like $100 or running your GTX280 all night on BTC back when it was literally less worth than 1 cent a pop

>>60906056
Fucking leeches jump on a cryptocoin bandwagon and use all those graphics cards for "mining".

It's 2013 all over again.

>>60906035

Man there was someone on /g/ who did just that, I remember the youtube video. He had like 8 motherboards sitting on a granite countertop in his kitchen, each had two 7990s in it. He was making like 15 btc per day or something.

I wonder whatever happened to that guy. I hope he got a lambo

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Is this a good or a bad thing for AMD?

I mean, at the moment they might sell literally shit tons of graphics cards but this spike isn't natural and since it is inevitable that this bubble will also pop, does this mean they will probably produce too many and will sit on a pile when the bubble popped?

Or what about the flood of burned down ex-miners that will popup on ebay and craigslist after this shit went down?

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>>60906056
Like Bitcoin before it, Ethereum has taken off and everyone's rushing to buy GPUs for mining like a new gold rush in hopes of becoming a multimillionaire.

>>60906075
>leeches
Aww, someone's mad they didn't profit from Bitcoin.

I don't get how the shit they can make money buying GPUs. Is this a fantasy or just a fad?

>>60906301
You neither and you will also be too late for Eth

>>60906340
Are diamonds fantasy or just a fad?

>>60906340
Read the thread you illiterate.

>>60906097

> this never happened

Can you get a real profit with this? I don't think so.

>>60906301
but brokers, coin trade faggots included ARE leeches.

>>60906035
You don't even need to buy graphics cards. If you bought $15,000 of Bitcoin 8 years ago and just sat on it, you'd be a millionaire by now.

Should I sell my r9 390? Looks like they go for ~$325 on eBay.

>>60906387
honestly, yes. it'll probably take him a few months to get his investment back though provided everything goes well with whatever current he's mining. Using a single one you can get about ~$7.5 per day while using 25-75 cents in electricity depending on how much you pay.

I know this isn't finance board but I want to know why is this demand coming from that's driving up coin prices? There's no instability in the market and it just seems irrational.

>>60905979
THANK YOU BASED AMD

>>60906366

This absolutely happened. Sorry you missed the money.

>>60906455
Chinese investors temporarily leaving the Chinese stock market combined with a bubble effect.

>>60906457
it couldnt have happened (as you described)
by the time the 7990 released the difficulty was too high to net 15btc/day

>>60906450
This hasn't been true in a long time, even for ETH. Unless you have a building full of GPUs, it isn't worth your time to mine coins. I'm talking $0.30-50 per day after power/heating costs per GPU. The money would be better spent just investing in ETH/BTC and hoping it goes up.

>>60906483
30 of them could absolutely have mined what was specified here at that difficulty.

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>>60906495
>this hasn't been true for a long time
Eat crow.
Profits with a single GPU are more like $4/day though.

http://whattomine.com/

Does mining require anything other than a good GPU? I know you cant (more like its not even remotely profitable) mine Bitcoin and Ethereum at this point, but if there are new meme coins growing in value I think I lose nothing by trying mining them.

Asking because im gonna buy a cheap core2duo desktop and put a nice GPU in it. Im poor as fuck so that should suffice, oh and I have free electricity.

>>60905979
What's stopping AMD from building 2000 RX 580 and minning 2000000$ in eth or whatever memecoin ?

>>60906035
You could have just bought 15K worth of bitcoin to be a millionare

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>>60906539
See the post above yours.

>>60906097
Does Lamborghini accept bitcoins?

Wait, how the fuck is this profitable? I remember mining bitcoin years and years ago but I thought FPGAs and ASICs made GPUs obsolete for mining.

>>60906565
I said im not planning on mining bitcoin nor ethereum but new meme coins.

>>60906598
>>60906539
And obviously im not expecting inmediate returns but hope in a few years theyre worth something.

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>>60906598
I know. Did you follow the link?

>>60906597
by mining something other than bitcoins

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Can anyone give me a quick rundown on CryptoCurrencies

>>60905979
Is this the perfect time to sell my 280x? I just saw a couple sell on ebay for $190

>>60906618
Just drop $50 on them then, it's not worth mining them

>>60906598
just give up you dumb fuck. if you're too stupid to visit the url and process the information on that website then you're too stupid to set anything up.

>>60905979
This is how you get stabbed in the parking lot

>>60906573

Lamborghini Newport Beach does, yes

>>60906651
and you'll still be making fuckall with power costs
unless you're getting in on day one and holding for potentially years until it becomes valuable (if it ever does), you're better off just figuring out your power cost and using that figure to buy whatever coin

>>60905979
Someone isn't doing their job
Usually they limit to how many a person can purchase
People like these fucks ruin it for everyone

>>60906683
Scam. It has zero value other than what someone else has placed value in it.

>>60906749
>being this retarded

>>60906097
He probably traded them for videogames. He shouldn't feel too bad though, seeing as BTC is owned by the Chinese mafia now.

>>60906778
Just like fiat currency.

>>60906778
So just like real life money then.

>>60906784
slightly better than fiat because at least it doesnt come into existence as debt to the federal reserve

>>60906565
ready for ass fuck

>>60906796
Gold has practical real world uses, in science, religion, fashion and construction. BTC is a Chinese owned pyramid scheme.

>>60906784
>>60906796
No. Real, actual currency is backed by governments. Read more than /pol/ economics.

Crypto currency has as much value as an encrypred webm. How many webms do you buy?

>>60906856
Real, actual currency can be exchanged for goods and services. Which, coincidentally, I can do with bitcoin.

Statist pls go.

>>60906035
I've been hearing about bitcoin for so long man I could have made some money

>>60906906
Can you buy a truck with ScamCoin anywhere in the world? Yeah, thought so.

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>>60906856
>No. Real, actual currency is backed by governments. Read more than /pol/ economics.

Good goy

>>60906938
We all know that feel.
I was here on /g/ when people were giving buttcoins away for free. I didn't bother to make a wallet because it seemed pointless and stupid.

>>60906906
what can you buy with bitcoins that is not illegal?

>>60906938
Honestly, don't feel bad, just as many people have lost REAL money on the shit. It is not a safe investment, not even remotely. No sensible person invested any time in BTC in the early days. Saying you could have made money off BTC is like saying you could have won the lottery if you'd only known the winning numbers in advance.

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>>60906946
t. /pol/ pro

>>60906941

Your missing the point.

The point is that you make money off the idiots that think it's not a scam.

>>60906906
>>60906946
Please explain how you think bitcoin gets its value

>>60906977
Fucking google it. Steam has been accepting BTC for a few years now.

>>60907003
I am the guy who asked for the quick rundown.
I have read about it but i get nothing more than ultra-simplified bullshit, i need a quick rundown from a /g/entleman

>>60906980
>No sensible person invested any time in BTC in the early days.
Only gamblers, and those with extreme foresight.

There are (literally) hundreds of altcoins out now. A couple are going fly, and the rest will not. Some will fail. Even now, investing in any cryptocurrency is a total gamble.

So:
>Honestly, don't feel bad

>>60906715
lmao, this

>>60907007
>steam
so anything not illegal and for manchilds?

>>60907007
>zeroes and ones you dont even legally own have any form of value
Top retard.

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>>60907046
http://lmgtfy.com/?q=what+can+i+buy+with+bitcoin

>>60905979

why are you mad that AMD is selling?

I still don't know why Bitcoin holds value. It's always an investor buying from other investors hoping to sell later to new investors for a profit.
Surely this has to give at some point, right?

>>60907086
There is the promise that there will only be a finite amount of coins, which gives a "scarcity" value.

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That haircut, man. His shit is so fucked

>>60907086
The more people that criticise it, the weaker it gets. Honestly, I'd be very happy if it died, asap. It was a fantastic idea that was left open to abuse and got taken over by actual criminals. I'm not on about the drugs/black market shit either, that was one of the currencies strengths before it got taken over.

Cana anyone give me a quick rundown on all the butthurt going around the BTC community that split it into two? something about a regulation in the blockchain or something.
apparently the chink mafia is extremely against it for some reason

I'm pretty sure I mined a few bitcoins as a laugh back when they were the hip new shit on /g/ years ago. No idea whatever happened to them though.

BTC was invented by supreme leader. Who owned the inital seed coins.

All this time silly round eye has been funding the glorious leader.

>>60906032
just fuck my shit up senpai

>>60906565

proof that money can buy anything, even cryptocoins

>>60906548
why mine the gold when you can supply the pickaxes

>>60906565
>bitcoin miner's hooker.jpg
ftfy

>>60906548

Because AMD's share price is going up from the demand for their cards alone, that would make no business sense

Plus the extra supply would drive the price down

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>>60905979
im so mad over this coming in today too

>>60906097
>He thinks lambos are good for the money

t. /o/

>>60907247
Good choice, maybe we can buy Vega for Christmas this year if we are lucky

>>60907248
>busriders and shitbox poorfags
Opinion discarded.

>>60907144

Bitcoin Mining uses ASIC's (dedicated mining hardware) and not the GPU crap your seeing threads pop up for.

That being said, Bitmain the people who make a majority of these ASIC miners were supporting Bitcoin Unlimited.

The other competition, Bitcoin Core had implemented a new protocol (well, optional still) call segregated witness.

The Bitmain guys started mining with ASIC Boost, a bug/exploit in the proof-of-work protocol (mining) that allows you to mine like 25% more but not using anymore power. Bitmain obviously hid this feature from their customers, but was using ASIC Boost on their own equipment in their own facilities in China without telling anyone.

Bitmain started giving out a ton of money to Bitcoin Unlimited, because Segregated Witness (what the Bitcoin Core team invented) makes ASIC Boost not work.

Bitmain also did this other thing, called ASIC Bleed. Where they can send a notification to your miner on port 7000 that essentially shuts it down or controls it at their will. Obviously you can block this easily with a firewall, but it's still incredibly fucked up that the Chinese built in this backdoor (even though they never used it).

>>60906749
I am telling you that right now with a single 1080 I earn $7 per day cryptocash money and my kill-a-watt puts my current usage per day at 61 cents.

>>60907033
I feel bad for the thousands of bitcoins I sold in the first bubble.

>>60907377
What do you mine? What program and OS do you use?

>>60906097
Thats bullshit.

>>60905979
So who's the guy and why does he wear the agent ear piece?

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>>60905979
Snipe them on Newegg and sell for profit

>>60906520
how does this shit work?

also who the fuck buys anything besides bitcoin?

>>60906032
Just jersey shored it up fampai.

>>60905979
How bad of an idea is it to drop $7500 on 3 workstations to mine?
I would enjoy it as a hobby and I'll be fine just breaking even, also I live in latin america so cheap electricity and easy access to import from the US.
The thing that worries me is that I have to go back to college in 2 months and I wonder if I can leave my workstations alone when I'm attending classes. Probably setting smoke detectors and a wireless camera.

Also I know literally nothing about electricity and each workstation will consume at worst 1200 watts so thats 3600 watts simultaneously + fridge + tv and 2 minisplits idk if a house could handle that.
What the fuck do I do /g/

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>>60905979
JUST

>>60906150
>is it good or bad for amd

Well it's the same thing that happened to console games where EB or gamestop or whatever is reselling used games where the manufacturer doesn't actually make extra money from resales. It might sound crazy but with miners hoarding the cards then reselling it back to market at low value when next gen hits the stores, people will just wait for the used and buy it at a bargain despite being ran over 24/7 underclocked.

In short ? no, not good for AMD in the long run. They'll start implementing cd-keys or bios keys or whatever they can come up in future soon.

>>60907046
keep moving those goalposts

>>60906565
BRAAAAP

>>60906946
Look at the basic fundamentals of what a currency is and should do weeb. If a medium fulfills around 5 of this criteria, it is solid as a currency. No government or nation can stop BTC now.

>>60907654
racist much?

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>>60907805
I was talking about the dollar being nothing more than a huge kike scam

>>60907586
why is he wearing those government agent ear wigs

Is my unused 7950 even worth leaving running all day (under my desk at work) for some of this crytocash?

>>60905979
>those shoes
kek, he might aswell just give up now

OP hier.
Bitcoin is based, Bush did 9/11 and the Chinese are our worst enemy.
To buy RX570s contact me at Kik:flaming_fagot97

>>60906202
I have no plans on becoming a millionaire, but wouldn't mind paying off some bills. I figure anything else will get thrown into savings, and I can always re-sell the hardware.

>>60907834
probably one of the managers in the store or some shit, who knows.

>>60906032
JUST

I dedicated a laptop with broken screen to mining back in the day made like 3 coins in a month or so when it was new. I sold them when it got to like 155 or something long ago. Rip

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>>60906032

>>60905979
>always wanted to buy bitcoins
>was a broke student so never actually did it
>a lot of my friends did buy bitcoins
>and promptly spent them all on drugs
We could've all been so fucking rich, but instead we did a bunch of acid and mushrooms. Ah well.

>>60905979
>all shit tier cards are sold out
Why should you care?

>>60907962
I remember all of my imageboard buddies talking about it on IRC in 2009. it's a shame I was only 14 and more concerned with not wanting to wake up every morning.

>>60907561
Kill yourself faggot

>>60906941
Can you buy a truck in a murrica with an yen or yuan? Yeah, thought so.

>>60907586
i really want to know what that looks like from the front

>>60905979
>That hair
justfuckmyshitup senpai

>>60907543

I couldn't hate you subhumans who told me to never get into mining because you can't make anything on it, you people are the worst.

t. guy who just made his best buys go out of stock on 1070s

>>60906035
Wtf are you talking about. You could be a billionaire just by buying like less than 1000 worth directly.

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>>60907024
>the quick rundown

Rothschilds bow to the Bogdanoff

>>60906202
wait , what? gotta check my wallet now

>>60909487
What's wrong with their faces, did they run into Jocelyn Wildenstein on the freeway or something?

>>60909386
I never told you anything you schizophrenic fuck.

also:
>were the worst
>you cant hate us
this seems to contradict each other, I refuse to believe you are incapable of hate and would refuse to channel it towards the people who you perceive to be the worst.

How about instead of talking shit to random people, you try to tell a story instead.

>>60907248
>buying what's good for money and not just cuz you like it
Hogwash

>>60909386

The only people to get rich in San Francisco during the gold rush were the bars, and the brothels.

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I know i'll never get lucky enough to get rich off this shit, so I just flip gpu for anime money

>>60906941
See this >>60906717
So yes you can buy a truck

>>60905979
I started mining ETH on my 480 about a week ago. Not sure how many hours I've done it for, but I have about 0.1 ETH now. Not too bad.

>>60909505
excessive plastic surgery

>>60906097
I remember this. Not on /g/ but on youtube. He was an engineer. I thought it was more like 70 a week or something. All those motherboards with 4 gpus in each on a granite kitchen bench

>>60905979
https://github.com/nodejs/inclusivity/issues/82

BEYOND MAD

bitcoin is literally for drugs

When Crypto-currency slows down and ebay gets flooded with 570s and 580s do you think it will be worth it to buy one second hand?

>>60909979
obv doesn't know about niceha$h multi algo.

>>60906150
Think about what AMD is making. They're making gaming cards. If AMD cards are being kept out of people who use them for games, this will mean developers spend less time on making games work with AMD cards.
This is a double edged sword. It's a burst in revenue, but they were selling the cards at minimal markup to get back the gaming market, and this crypto shit is driving prices upwards (which AMD sees none of, it's retailers that add more money to the price)

So basically, AMD is selling these cards cheap to get back hardware share in gaming so that devs work more with them, and crypto miners come along and fuck it up.

>>60909979
When it crashes there's gonna be lots of auctions of those who killed themselves since they put their life savings into GPUs.

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>>60905979

Bitcoin is crashing right now.

This is a shill thread.

>>60907767
I'm going to murder all you BRAP faggots

>>60906778
So just like any currency ever?

>>60911072
JUST

>>60912039
just what?

There are like a million altcoins, but does anyone actually buy anything other than Bitcoin?

>>60913067
lurk moar

do all microcenters look the same on the inside?

can i run bitcoin miners in google cloud ?

>>60905979
will all these shitty cards finally match the 1080ti?

>>60911072
>>60913067
Fucking phoneposters GTFO

>>60906035
Yeah fuck me, I was mining it when it was very new, had a few coins in a few days, but thought it was boring and I stopped. Would have been a millionaire if I would have invested in it instead of my stock option (which did make 47% on in a year)

>>60907962
Buy the dip faggot.
BTC to coming down nearly 400 bucks.

It will need plenty of time to know when it's going to flatten out and start climbing though.

>>60906035
Was reading a story about a guy who mined or invested and got thousands of bitcoins when they were worthless, threw the HD they were on away and was searching a landfill for the HD when bitcoin was reaching 1k.

Now that it's reaching 3k I bet he wants to incinerate himself.

>>60906035
someone shut this faggot up

>>60913067
sure is summer

>>60906035
You would be worth more of you just bought btc with the money, mining is a meme outside of China

>>60906035
Unless you were selling off chucks over time you'd probably net nothing with all the bullshit that has gone on over the years with losing bitcoins because of shit liek mtgow.

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>>60906366

Bruh, in the early days of BTC anyone could mine a sizeable amount. One guy spent 10,000 BTC on pizza.

Wish I bought some in 2009 when the price was in cents not dollars.

>>60905979

Kek, reminds me of this:

https://reckoner.com.au/2013/07/my-three-months-as-a-litecoin-farmer/

Who here made money on Dogecoin?
Bought 3 used 7970's and ended up making over $1000 profit. Still have one of them.

>>60914758
Currently mining ethereum is cash right now. I made $20 this week alone off my 1060.

>>60915105
Is that thousand in physical assets or digital?

>>60906035
>when it was literally less worth than

look up bitcoin pizza

>>60905979
>that fucking haircut

JUST

How the heck do you even make money on Bitcoin? As far as I'm aware there isn't a bank out which would convert bitcoin into real money for you, there's a few e-commerce shops out there which would take coin but that doesn't really count.

Precisely how do you make real money off it?

>>60915308
Using an exchange service...

>>60915308
As far as I know you can sell them at localbitcoin for example.

>>60915308
Sell cryptos in a exchange for fiat?

Why can't I just sell my 480 for enough to get a 1070? That's all I want!

>>60915105
I had a 290x and a 5770 and mined doge right when it started. I had $1700 worth at some point.

The issue is converting that to cash, a year later I traded it for $200 of cs go keys.

I have 480, should I start mining

>>60915338
>>60915413
Yes but where though?
>I'm joe public who has $100 in my bank account, I can withdraw dosh from an ATM or from a bank, or pay for things with a card

>I'm joe public who has 1 btc in my wallet, how can I spend this money?

>>60905979
are you mad about a month old pic? are you mad the crypto markets already popped? are you mad people dress better than you when going out? are you mad you can't afford shit? are you mad there's no microcenter near you? are you mad people are wasting electricity?

>>60915862
Why are you responding?

>>60906035
>Implying those guy or any of you can compete against chinese bitcoin farms:

https://youtu.be/7yCqWO3gZvQ

>>60915763
I make about $3 a day by mining with mine every night, and a few periods during the day.
I use it normally without mining the rest of the day.
$3 a day is still $90 a month. Your call

>>60916074
>$3 a day is still $90
not after accounting for electricity costs

>>60916105
Yeah so it depends on whether you have to pay for them or not.
I don't.

>>60916125
Someone has to pay for the power, being a thief is nothing to be proud of.

>>60916172
someone has to pay for the coins I mine as well

How do you even go about cashing out crypto money into real dolarydoos?

>>60916326
You don't. it's a dead end.

>>60916326
Can't you sell them for cash on an exchange?

>>60906035
Around the start someone tried to sell 10,000 bitcoins for $50. No one took the offer.

>>60906816
>money
>gold

Are we back in XIX century now?

You do realize if all the speculators and miners decided to sell their coins today, the value would plummet?

I suspect someone is pulling a pump and dump.

>>60916363
this
you sell them to other retards
take the money and run

>>60906150
It's bad for AMD long term...

Really really fucking bad. These miners are going to kill amd long term. It's called mindshare...and AMD is losing it...all of it.

This gpu mining shit won't last...and when it's over no normie will have ANY experience with any GPU that's made by amd. No normal can get an and gpu so why would they? This is going to devastate amd long term.

By the time this is over the general public won't even know anything but nvidia exists.

>>60916602
So you are saying that anything used to make money (a business tool) is bound to fail because its not used by consumers?
Plenty of companies making more in business markets instead of consumer markets.

>>60916602
Do you think Nvidia invented Bitcoin to destroy AMD?

>>60905979
>Wearing a suit

Fail so much. How can you be a real /g/ and wear that shit. That's not our scene

AYYMD IS FINISHED & BANKRUPT

AYYMDPOORFAGS CONFIRMED ON SUICIDE WATCH