Prepare for flood of used GPUs. >http://www.reuters.com/

>>62449037
>>>/biz/

>>62449104
Im in it for the GPUs though,quad Crossfire here I come.
I need a new rendering rig.

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>>62449037
based chinks making gpus affordable again.

>>62449117
buying stuff is finance-related. it's not technology unless you want to discuss electronic payment methods

>>62449260
lel dude suc my dick I will post whatever I want


>>62449254
>mining craze stops
>retail gpu prices drop like a rock
OH YEAH BABY

price has already recovered nocoiner cuck.

>>62449037
Old news. It's already bouncing back.

>>62449285
I know you will my underage newfriend

>>62449296
>largest suppler of coin stops supplying
>somehow this is corrected in a half a day
hahahahhahahah

>>62449306
Im 25
Eat a dick

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>>62449254
This, I'm literally crying now. Thank you chinks.

>>62449037
Not surprising. It's just the tech bubble 2.0

>>62449037
based chinkus
fuck get rich fags

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>>62451833
No, this is the tech bubble 2.0.

>>62449254

Wtf I love china now

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>>62449037

What model of gpu do miners use? I need a new one I still have an hd 4890 I cant even play gta v

>>62449260

Then how do you explain chink shit general or build threads, they all talk about buying shit.

>>62451862
>2012
with NSA you lose

Lol this "plummit" is what happens every month or so, and then it rises again.

>>62451862
>a company with verifiable assets is a tech bubble
>not the "currency" backed by nothing but the power of imagination

>>62452214
This. It's actually good for Bitcoin.

>>62452234
>a currency back by millions of people and corporations around the world is a tech bubble
>not the company whose brand is backed by nothing but power of imagination

>>62452305
The currency will survive. It's value will not. And that's OK. Bitcoin needs a massive crash in order to actually work. Deflation ruins everything.

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looks like btc and altcoins like eth and xmr are allready recovering.

I don't think the mining craze will end anytime soon.

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>>62449037
Good. I could use some GPUs for 3D rendering.

>>62452918
Why are you using Blender with a noise filter?

>there are people ITT that think that GPU prices will drop any time soon
LOL

>>62449037
get ready for a flood of used GPU's that have been running at 100% for months on end and could blow up at any second.

>op believes people mine btc with consumer gpus
>2017
ishygddt

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>>62449037
Ohh nooooo it dipped

>>62449254
God bless China.

>>62449037
I thought they were mining etherium?

>>62453133
this. fucking dumbasses don't realize that Russia pulled the same shit and it shot right back up after. it's a dip, no JPMorgan fag is gonna dictate the value either.

>>62454226
bitcoin price effect all crypto price

>>62454226
Its a /biz/ sham and they made a killing on it because they ere spamming it everywhere.

>>62449037
Only a retard would buy used GPUs that were used for mining. You're better off getting a brand new one.

>>62449037
>gpu prices to plumet/return to sanity
>nintendo announces they'll produce more nes classics next causing hoarders to dump their investments

this year is ending breddy gud

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>>62449037
>bitcoin
>gpu
What's this, 2008?

>>62456202
the retailers are also cashing in on the mining hootnanny and gauging prices. 580 will be to their 220ish price. miners will have to take a huge hit on their cards if they want to off load them. They'll probably be better off riding the low rather than jumping ship

>>62449037
good fuck miners

>>62452959
This, top kek

>>62451935
vega
polaris
1070
1060s

>>62451935
bitcoin miners haven't use gpu for a while because of the level difficulty

>>62449254
But don't they produce GPUs? Wouldn't this hurt them if they don't need to make any more when the market is flooded.

>>62449254
They really do know how to make things cheaper

So the crash is still going? Looks like it hit $2,800 yesterday but back to $3,800 today.

>>62456389
No different than buying from a basement-dwelling neckbeard gamer

>>62449037
THANK YOU BASED MINERS. MAKE GAYMERS TO LEAVE /g/

>>62449037
This is why, despite having a Fury X, I didn't bother to mine Etherium. I knew that some time sooner or later something would cause it to crash.

>>62456486
*$3,000
*$3,700

>>62456289
Altcoins are mined with GPUs, and their value is usually tied to Bitcoin.

>>62449037
What....? I thought they did this years ago, couple months after bitcoin shot up.

>>62452234
But all currencies are like that, not just Bitcoin.

>>62453133
Bull trap

>>62452959

I've been wondering what component would fail in a card that has been running nonstop for a year, and it has to be the capacitors. The silicon die can potentially run forever, and the shoddy BGA manufacturing process of 2009-ish that caused the "baking your card/laptop motherboard in the oven" trend has already been fixed.

Maybe "RX480 100% RECAPPED L@@K" will be a common sight on eBay.

I recently bought a 1080 Ti used on eBay, how high are the chances that it was a miner card?

Price was OK but I gambled with the possibility that the card was not that good for mining.

>>62457418
If it dies without warning after a month of mediocre usage it was baked miner card.

t.I got burned with a 480GTX

>>62457454
Hopefully it doesn't come to that, I'm betting on a longshot that if anything bad happens eVGA warranty covers it but I doubt that.

>>62457546
Mine was also EVGA.
They somehow lost the serial number of the card and it wasn't in their DB.
Very strange huh.

>>62452901
lol were you even around the first time bitcoin became a meme?
it rose from $5 to $1000 in a few months, and sunk to sub $500 when the bubble burst.

>>62452234
>>not the "currency" backed by nothing but the power of imagination

The US dollar is backed by the US military

>>62457418
anyone properly mining is undervolting the card and running it cooler than normal and at a steady temperature. Your average gamer puts more stress on a GPU than a miner does.

The only actual problem to worry about are the fans failing. It's the only mechanical part subject to wear and tear. The rest of it is solid state it doesn't get fucked by being turned on all the time.

Is mining on a 280x still profitable?

>>62449037
For real cheap might be good if your GPU dies and meanwhile get some economies for a GTX 1080ti water-cooled.

>>62457258
Condensers, easy to replace, fans (fuse) check also the main points where welds might be problematic. I used the oven 5 times for the 8800 GTX problem. died in 2015. Also, apply new thermal paste Ang get a water-cooled block

>>62457832
Replacement fans/blocks are under 30$, same for water-cooled blocks

>>62457809

And the only reason it rose to 1000$ in the first place was becauce China entered the market lol

>>62457922
>Condensers

...spot the non-british european

I doubt you may even need to check the main ports, anyone who used the card for mining would've left them empty. Depending on how cheap they are it might be a bargain

>>62449037
>thinking Bitcoin is mined with GPUs
kek

>>62457867
ha

what is this, 2012?

7970s available again?

>>62458472
I had a guy come into my computer shop the other day, he planned to buy a thread ripper setup to start a mining rig. In six months. To mine bitcoin.

>>62458591
the are GCN 1,useless for rendering.

>china bans bitcoin
>china adopts bitcoin
>china bans bitcoin
>china adopts bitcoin
>china bans bitcoin
>china adopts bitcoin
>but in 2017 instead of 2012
does it take 5 years for people to fall for manipulation like this again?
i better get ready to buy 4 years from now

>>62458610
I wanna xfire my current 7970. I had the chance to a few months ago and I regret not doing it, but I didn't have a job at the time.

>>62458633
Well they night get cheap so keep an eye out.

>>62458638
might*

>>62458601
even if everyone dumps, SHA256 will still be used as proof of work, and ASICs are still a shitton times faster and efficient at calculating that particular algorithm than any GPU ever will be

what's his logic?
might as well buy old Chinese ASICs

>>62458669
Dude was a little clueless but there's so many middle aged (40 - 55) people recently trying to get into mining. Also a fair few rich Chinese idiots buying dual 1080ti setups for mining. Some were asking me why there PC wouldn't turn on, they didn't realise you need to bridge the mobos power pins if you you don't have an io front panel connected. They also kept the mobo (with CPU and cooler) in the anti static bag...

>>62458857
I hope the shitty computer burns their house down

people educate themselves before doing shit you have no clue about

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>>62458623

>>62449254
>I've JUST now bought a 1080ti for £700
On a scale of 1-10, how badly did I fuck up? Be honest.

>>62458937
He also wanted a 1tb ssd for the blockchain

Bitcoin needs a crash in order to actually work, I'm looking forward to one (won't lose money because I've bought in relatively early). I don't like the fact it's basically a toy for "investors" to play with now

>>62459356
The issue is its still being held to the dollar standard. It needs to find its worth

>>62459395
It doesn't HAVE any worth.

>>62459395
>It needs to find its worth
It's hard because it hasn't got any real worth

>>62459395
And the dollar is backed by thin air.
Thats right its not backed by gold just by believe in the green paper.

>>62459408
Objectively false

>>62459717
>And the dollar is backed by thin air.
Dollar is backed by the fact that it's the only currency you can pay US taxes with. Not the same as being backed by precious metals, but it does mean that it will always have SOME worth.

>>62459906
There is no material value behind it.
Euro,Yen,whatever chinks use and other nations all have gold reserves on which they base the value on the paper money.
What US is doing should be criminal they are lucky that they have so much military power they can get away with it.

>>62459717
>>62459957
The whole world uses the USD, though. No one is going to use a currency that fluctuates 50% in a day

>>62459957
>Euro,Yen,whatever chinks use and other nations all have gold reserves on which they base the value on the paper money.
None of the major currencies are backed by precious metals.

>>62459957
>Euro,Yen,whatever chinks use and other nations all have gold reserves on which they base the value on the paper money.
No, they have reserves but it's not linked to their fiat currencies in any way.

The value of gold is literally exactly as imaginary as the value of bitcoin.
>but it's shiny!
A lot of things are shiny, mirrors and chromed rocks aren't more valuable than gold are they?
The thing that gives both btc and gold their value is limited supply and ease of storage/transfer. Btc wins hands down in all these respects.

>>62460049
The difference is that gold actually has uses(and would have even more of them if it wasn't so overvalued). Shit, pretty much anything you can use lead for, gold would be even better. And that's not even taking into account everything else about it, such as resistance to corrosion, electrical conductivity, etc.

>>62460049
You can't make a dildo out of bitcoin

>>62460049
Bitcoin showed that is vulnerable to all exploits like regular currency even in early infancy.
Speculation,storage problems,creating artificial shortages,manipulation of value ect.
The thing is digital and thats about the only advantage of it.

>>62460081
>The difference is that gold actually has uses
No, this is 100% a bullshit argument. If gold were valued solely by the uses it has it would be just 0.001% of its current price.
>>62460126
Scarce good is subject to market dynamics, more at eleven.

>>62460176
>Scarce good is subject to market dynamics, more at eleven.
Oh look another currency this time virtual.
Oh wait I already have a plastic card and not physical money on me.
whoopty doo

>>62449037
china holds 1/3 of bitcoin traffic

thinks that china is dumb enough to just drop it and not have a plan to buy them at a bigger price later on
AS THEY DID IN THE START

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>>62460214
good luck with your plastic money

>>62460408
Just like your bitcoin that is based on what again?

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>>62460408
>Source: Observations

>>62460408
>his income doesn't grow faster than inflation
Sucks to be you.

>>62460458
It does, since I own bitcoin.

>>62460458
>not throwing money away? are you poor or something?

>>62460466
See, even you don't consider bitcoin an alternative to the USD, only as a means to enrichment.
>>62460493
>the only way to keep fiat money is in a bag under a bed

>>62460515
>See, even you don't consider bitcoin an alternative to the USD, only as a means to enrichment
You can't blame people for hopping on the "investor" backed wave

>>62460515
>See, even you don't consider bitcoin an alternative to the USD, only as a means to enrichment.
Wow you sure got me there.

>>62459717
Oil is traded in USD, which gives USD actual value. It is not backed by thin air.

>>62459957
>he thinks any currency is backed by gold
>he thinks Euros aren't fiat
wew

>>62460408
Good luck buying petrol with bitcoins.

>>62462008
Electric car charging will be 100% automated using cryptocurrency micropayments.

>>62462043
I can't wait to see the wattage burning bitcoins gets me.

>>62449759
I want her to smug me

>buying used miners

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>>62449037
Good fucking riddance, I hope all coinfags hang themselves after this.

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>>62462276
Cruelty free GPUs are kind of hard to find these days.

>>62462354
Baiting Germany into going through belgium was a part of the plan the entire time. How else are (((they))) going to justify pulling Britain into the war?

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Been on /g/ for 5 years, and to this day I still have no idea what bitcoins are and how people "mine" them with their GPUs

>>62462408
Iirc that actually was part of the rationale behind only fortifying the german-french border (that and the fact that it'd have to be like 3 times as long)

>>62462430
That's what they thought, but then again no one was ready for madman krauts to bust in on the scene.

>>62462412
You're dumb as shit m8.

>bought a 470 at $130 right before the mining craze because AMD was rumored to launch the 500s series
>sold it for $500
>all of this because I was too impatient to wait for Polaris and bought a 380x instead and then I was too impatient to wait for the 500s and bought a 470
Waiting truly is a meme.