GAMING IS DEAD /v/

I want to make 170$ profit off my rx480, but I dont want to have to find another GPu after that and im lazy :(

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>Cryptocurrency

You don't fucking realize it?
There are litteraly farms of GPUs in the world. NO ONE WILL BE ABLE TO PLAY VIDEO GAME.
We need the gvt to kill Cryptocurrency NOW.

>>381671487
I thought it was pointless to mine at this stage. Should I invest in gpus?

That's why you wait until a new GPU gets announced and hop on it as soon as it comes out.

>>381671487
http://www.nowinstock.net/computers/videocards/nvidia/gtx1060/
http://www.nowinstock.net/computers/videocards/nvidia/gtx1070/
http://www.nowinstock.net/computers/videocards/amd/rx580/
http://www.nowinstock.net/computers/videocards/amd/rx570
http://www.nowinstock.net/computers/videocards/amd/rx480/
http://www.nowinstock.net/computers/videocards/amd/rx470

its affected all the mainstream gaming cards including the gtx 1070 now. everything is out of stock

>>381671951
No shit, people who can't buy rx480 will buy GTX1070, etc.
IT'S OVER!!!!

580? didn't the 480 come out just a couple months ago?

>>381672179
rebranded, and no, the 480 came out like a year ago

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And here I thought I was going to build a pc this month

>>381672282
HURRY UP SOON THE GTX1070 WILL COST $600

ok?

>>381671487
AMD and Geforce should release drivers to prevent these fuckers from mining it, GPU's are meant for fucking gaming!!!

>>381671487
>>381671803
>>381671945
>>381672148

Stop being hysterical. There will be a run on the cards that offer disproportionate cracking power per dollar, said cards will skyrocket in price, gamers will buy similar cards in the original price bracket, leading to the price somewhat increasing.

This has all happened before, and then as now the prices will normalise eventually. You'll just have to wait, or look at alternatives like dual-cards.

>>381671863
>I thought it was pointless to mine at this stage. Should I invest in gpus?

For years farming has been restricted to professional operations with 100s of GPUs. I imagine at least have professional-quality engineering like a server farm.

>>381671951
W-when will those gpus come back in stock, I really want to upgrade to a 480 or 1060

>>381672356
soon lol? here it already is 600 euros

>>381672580
>AMD and Nvidia should intentially cripple their profits to appease some autists on /v/
lolno

Why do people obsess over graphics cards when video game graphics have been stagnant for over 10 years now?

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>>381671803
Fuck off commie, I have $4000 in litecoin right now and I'll be damned if the jews in the government see a dime of it.

>GAMING IS DEAD

fucking finally

>>381671606
Don't do it, I sold my 480 and now I'm stuck with integrated graphics until prices go down

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>trying to build my pc
>order the parts today
>GTX 1060 price bumped
>can't afford it now

just my luck

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>>381671487
Just buy a Mac instead :^)

>PC's

lmaoing at your life

>>381672897
higher framerates and bigger resolutions

>>381672606
Dual cards is a meme, the little support it had just disappeared.

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>>381671487
yea, the industry is dead for at least one decade

>>381671487
>GAMING IS DEAD
>One part for pc is now more expensive
Anon I get that this is a bad thing for everyone but it's not like the entire industry is ruined

And I just wanted to build a PC, too.

Maybe the market will crash due to oversaturation?

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>PCfags

>>381672874
What, its 400€ here.

>>381671487
fuckign cryptoniggers i swear
kill uresleves

>>381672984
Goodluck bro

>waaaaah this temporary price spike is going to kill gaming

>>381673025
>Dual cards is a meme, the little support it had just disappeared.

What's your source on this? logicalincrements.com recommends dual-cards for certain price-points, and they build PCs professionally.

Can someone explain to me the criptocurrency mining system? why do you need a powerful computer for that?

>>381671487
>Soon
What is stopping me from buying a 300 dollar 1070?

>>381673175
>he thinks his console doesn't have a gpu
lmao

>Google rx 480

>Stores are still selling them and the 570s for $200-$300


It's basically just Amazon that's being gouged.

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>tfw upgraded to a 580 a few weeks before they all sold out.

I didn't even know this was going on till now...

>>381673379
Look up SLI and Crossfire on any modern game. Nothing but issues.

>>381673513
I thought that too.. then when I clicked on a 8gb rx480 on google shopping it brought me to an updated price of 800$

>>381672812
You can still find some 1060 6GBs for MSRP I'm pretty sure

>>381673031
>crossfire
https://www.youtube.com/watch?v=rCwn1NTK-50

>>381671487
Nah man, if you're going to buy a GPU, now's the time; you can essentially get it for free if you mine with it in your spare time. I just bought two 1080 ti's and they're making 12-15 dollars a day. I should make back what I spent in 3-4 months.

Just don't buy those ATI meme cards and you'll be fine.

>>381671487
is the 1080 and/or 1080ti affected? I'm looking into these but there's no dvi or dvi-d so i'd have to sort that out.

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Come home.

>>381674086
Doesnt mining cost tons of electricity and also wears out your system parts?

>Bought a 480 last year and avoided the price increase of this year
>Bought RAM last year and avoided the price increase of this year
>Bought a SSD last year and avoided the price increase of this year

Y'all trying to build a PC this year are fucked.

Maybe I'll wait till next year to build one. I don't even know what I want anyway.

>>381673387
Can someone explain to me the diamond mining system? why do you need a powerful tractor for that when pick axes would do?

>>381673387
I would like to know that too, and how are these currencies even viable if something like "farming" exists, wouldnt that immediately inflate its worth so some much that its basically worthless?

God when this Bitcoin meme crash will Laugh for Weeks to see those autistic cunts crying

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>want to sell my old 380x to minerfags on eBay
>remember that once they get it they could just claim it never got there and do a chargeback

>>381674101
last I heard they aren't using gddr5x yet so no but that may change

>>381674441
Bitcoin has crashed several times, and it's now higher than it's ever been.

>>381674340
>>381674346


I think the currency is purposely engineered in a way that it takes lots of time to mine so that the currency is spread amongst lots of people, instead of just one person.

If it was easy to mine, then a few large founding miner org's would own the entire currency and it would be worthless.

>>381674257
Dedicated mining machines can eat a lot of power; GPUs not so much, maybe $0.60-$0.80 a day. And yeah, heavy use will probably wear it out little faster like anything, but these cards can take it.

>>381672931
>$4000 in litecoin
So you have nothing.

>>381674346
>wouldnt that immediately inflate its worth so some much that its basically worthless

No, because some inflation is necessary for the currency to expand its monetary base. Even with such huge amount of mining the added currency represents <1% per anum of the monetary base and the demand for the currency itself is increasing.

Back in the days of the gold standard it was basically the same shit. Found a gold mine? The monetary base expands to accommodate for all of the new gold. With farming this process is more streamlined since you can predict how the currency will behave in the near future.

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Wow.
Capitalism is really good.
I'm glad I have a huge capital.
Get fucked poorleeches

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>>381671487
>gaming crash
>just in time as Atari comes in with a new console
>in the midst of no GPU panic, Ataribox comes in and restarts the vidya industry

>>381674517
people who wont pay top dollar for a 1070 are going to the 1080 so prices have gone up as well just not as bad

>>381673387

The difficulty of "mining" bitcoins increases with the total amount of processing power in the network. You need a huge farm of GPUs with extreme cooling and electricity purchased at bulk rates (or stolen), or chips specifically designed for mining.

http://www.ebay.com/sch/items/?_nkw=antminer+s9&_sacat=&_ex_kw=&_mPrRngCbx=1&_udlo=&_udhi=&_sop=12&_fpos=&_fspt=1&_sadis=&LH_CAds=&rmvSB=true

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>>381673237
Yeah, cry about it instead of being rich.

Your a fucking retard who doesnt research shit. You deserve to be poor.

how does mining work and why do they tax your machines so much

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>crypto-currency
more like crapto-currecy L M A O

mining is not even worth it in most cases because of electricity costs.

How the fuck does that shit generate money in the first place? Who pays for that processing power?

>>381674789
>You need a huge farm
That's all we need fucking shit stain.

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Who here sold their 480 and bought a 1070 here?
Thank you based miners, only AMD fanboys cry about you faggots

>>381671487
I forgot that I had 15 BTC from joining a mining group on Reddit. Not sure how I'm supposed to exchange it for cash without it getting taxed.

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>>381674760
jive turkeys BTFO

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>>381671606
This is why you are a poor fag with a $200 gpu

>hahaha i can cash in on these idiot miners
>sell
>dont look at the tech news
>massive shortage in memory chips
>expected to last till Q2 2018
>new HBM2 gpus will be impossible to get hold of
>end up like this guy >>381672984

If you lucked out at the start of the year and got a 1070/480 fucking keep it. prices are hiked 50-150% right now from scalpers.
otherwise pre fucking order a new gpu from a store that refuses to sell more than 2 per address, these are good store that serve actual customers first and miners 2nd

>>381675039
Isnt that worth liek 15,000 dollars?\

Just pay the tax you fucking jew

>>381675039
gift cards. not exactly cash, but now you can actually buy shit.

>>381674969
That's why there's mining circles and servers. You dont do it alone.

>>381675016
Can't post proof but it's really working, KEK.
Me and my friends, we are getting infinite profit right now!
Oh boy this is delicious.

>>381675135
its worth just under 40 grand

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>>381674658
Anon you know what I have?
A free ticket to the moon, that's what.

>making mad money in crypto
>while cucking PC master race faggots out of their prechus grapfix cards

get fucked PCfags

Cryptocurrency is yesterday's hype. Everything goes to derp lerning nowadays

>>381675219
Jesus

fucking miners are getting GPU prices up, including NVIDIA

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>>381675039
Anon, that's 40 thousand dollars.

>>381674634
Thanks

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>>381674760
>>381675090
SOON
O
O
N

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Yeah its cause of soul-less chinks in hong kong like this guy farming his thousands in bitcoins. While your complaining you cant get a new card to play CSGO in 4k 120FPS this guy is abusing cards to buy a new lamborgini and rice it with a ridiculous sound system so he can get laid by all the god digging chink whores in hong kong.

Someone post that image with that greasy haired fuck in a suit at a checkout line with endless boxes of AMD cards

>>381675239
Sweet.
Have you picked a Lambo yet?

>>381675039
>>381675219
How the fuck did you just FORGET that you had $40,000 lying around? Sell now while the price is high and buy something that will permanently retain its value in preparation for the inevitable market crash in the next decade or so.

>>381674086
>ATI meme cards
>every major mining company is using AMD chipsets

What do all these GPUs calculate and who benefits from it?

>cryptocurrency
Someone explain to me how that works.
>waste electricity
>this somehow gets you fake money that a fucking idiot buys for real money
???

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>>381675579
A lambo?
As in one?
Please, one LTC is going to buy like 5 lambos per pretty soon.

>/v/'s face when they put it all in SKY instead of LTC

>>381675135
>exchange for gold
>enjoy no tax

>>381671487
This is really starting to piss me off

Can all those losers and their shitcoins fuck off and not meddle with my gpus I need for vidya?

>>381674441
Bitcoin crashes a shit ton by default, but once the mining peak ends in 2145 the entire market is stable there will never be another coin created.
The man who created bitcoin is a fuck load smarter than any of the fags in this thread, he actually took the time to plan that shit like gold.

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>>381671487
What does it matter. Thankfully this will keep more poorfags and children away. Sounds good to me. Raise the prices further please.

>>381675651

>selling bitcoin
>ever

Anon, I......

>>381675789

google it you nocoiner retard.

>>381675892
>please take more of my money for no particular reason

>>381674346
There's a fixed amount of coins that can be mined and that number will stop at 21 million coins.

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>>381675506
Shit, I might have to jump on the next craze so I can afford one of these fuckers

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>>381675814
Its actually AMD/nvidia at fault here

They can put out a blank GPU with no outputs just for mining anytime they want, it would be cheap and ez

However they are quite happy to have their partners deal with angry customers while their stock sells out before its even left the factory.

What are these graphic cards mining anyway? Who's using them?

>>381671487
What can I do with my 1080 Ti?

I never really got involved with crypto currency

>>381676081

>what are they mining

various cryptocurrencies

>whose using them

people that want to make money mining various cryptocurrencies, largely chinks

>>381675789
It's a decentralized currency system that has the same weight as gold. There will only ever be 21 million coins in circulation, after that no more coins can be produced via mining.

Banks fucking hate this system, because it almost entirely neuters the shit out them from ever causing another great depression. Therefore the world bank cannot manipulate bitcoin.

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>AMD coming up with a line of mining cards to distract coinshitters from buying up all the gaming cards

pls save us

>>381676167
Nothing unless you travel back in time

The only people who make any money farming cryptocurrency are those who have giant server farms to do it. Like, literally gigantic halls with server after server after server.

A single guy with his gpu or even 5 gpus won't do shit

>>381675789
>use electricity and durability of GPU
>this generates coins at a pre-determined rate based on the worth of the coin and the amount in the market
>this generation slows down over time as the number of coins in the market grows
>coins can be burned if you feel like fucking over a certain coin or raising the price of the remaining coins
>they are all hidden and tied to your account and/or computer
>this makes them very desired by black market as well as businesses, since no taxes (currently) on coins
>buying and selling crypto is basically like a more easily accessibly stock market.

At this point if you don't have a few hundred dollars in some crypto you're just being stupid.

Once the bubble pops the market will be flooded with graphic cards way below original price.

>>381671863
I'm pretty sure they're not farming bitcoins. Or because since the price has been skyrocketing it's become economically viable to mine again.

>>381676198
How are they mining I mean. Maybe that makes more sense for your hackermind

>>381676285
>use electricity and durability of GPU
For what?

>inb4 for mining coins
What the fuck, they must be used for something

>>381676167
Nothing in the honest truth, unless you're willing to dedicate that card and a nice cpu to a node. A bitcoin miner requires a dedicated machine, you do not want to use the same machines you use for gaming as a transaction node.
The way bitcoin mining works in general is you download the current transaction block this size block will increase dramatically over the years. You'll need a lot of hard drive space to hold this initial block information when I say a lot of space I mean terabytes, not 1 or 2, hundreds.

>In a few years it will be completely impossible for personal mining machines to exist outside of server node management, because the block size will be well over a few hundred terabytes.

>>381673031
WHERE IS BATTLEBORN????

>>381676285
But they aren't worth anything. You just burn through your setups and electricity. To create fake currency that has no worth. But stupid people pay real money to get it. Makes no fucking sense.

>>381676353
except it won't

>>381676285
yeah but what supports them?

currencies used to be backed with gold, now their backed with their country's economies

this shit is market-backed, right?

I'm really not intelligent enough to understand

If you guys are looking for a 1060, EVGA has tons of them on their site. They recently made a DIY Configurator that lets you buy multiple parts at once and save like, 100-200$ per bundle. Gaming is saved!

https://www.evga.com/products/diy/

>>381674441
>the bubble will burst! retard
Yea okay sweety, make sure you sell all your coins the next time LTC/ETH/BTC fall so I can buy them all up.

BTC is going to at least double in the next 10 years, ETH is going to at least triple, and LTC is going to the fucking moon.
In all seriousness I do think Litecoin will go up by at least 10x in the next 10 years because Charlie is a smart guy, but we'll see

>>381674086
Lol if you're mining AMD is the best way to go you fucking idiot.

>>381676420
Mining is just a term for making your pc into the transaction node for bitcoin trading to occur, if your machine is the one pinged with the transaction let's use a rough example here.

Your machine is pinged as the decentralized point for this transaction between two associates trading bitcoin occur. Your machine incurs a fee, this fee is the mined bitcoin, effectively allowing you to gain let's say a quarter of a bitcoin for every transaction. So now every 4 transactions your PC makes to the block unit, you get one bitcoin.

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>>381676510

>>381676285
>buying any crypto when the gold rush is already long over

sure you can still make some money daytrading or buying some litecoin or eth and see what they do in a year, but the days of "buy bitcoins and end up a millionaire" are long over

>>381676420

>how are they mining

using the cards to compute hard math problems over and over and over, earning cryptocurrency as a reward when their machine solves a particular problem

the math problems are meaningless in and of themselves but the expended effort to solve the problem is the proof necessary for everyone on the network to know that one particular miner earned that reward

>>381676420
>What the fuck, they must be used for something
Buying and trading.
You can use them for drugs too. I do sometimes. Most dealers no longer even accept cash, just BTC or big 3 (BTC/ETH/LTC).

>>381676514
They're worth plenty friend. An anonymous untrackable currency with a finite amount being able to exist is worth a shit ton.

>>381676540
>yeah but what supports them?
They support themselves.
The jew fears the crypto.

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mfw Normie are not even in crypto yet and /biz/ fags are talking about how the bubble will pop any day now

>>381676514
Real money isn't worth anything either. It's only worth something because other people agree to give you things in exchange for it.

The actual dollar bill has no fucking value.

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>>381676353
>this is what dumb no coiners think

Do you see 280x cards on the market? no?
This is because they are still all in mining factories after 5 years, where all these GPUs will stay till they fail/shitcoins become unprofitable which is never

>>381676514

>has no worth
>not worth anything

>people pay real money to get it

Sounds like a bit of a contradiction there, my idiotic nocoiner friend. Oh, and for what it's worth, one bitcoin is currenly worth north of $2,700 USD. Worthless, eh?

>>381676658
Huh, I see. Somehow I don't think only 4 transactions are 1 bitcoin, because that shouldn't take a lot of power.

>>381676752
Sounds like bullshit anon you won't trick me!

>>381676775
Idiot, I'm not asking what bitcoins are used for, I meant what are graphic cards processing.

>>381676810
dollar it backed by the biggest economy in the world

sure if said economy crashes dollar will crash too, but people believe in the US of A

>>381676810
But like the other anon said. They are backed by gold bars. What is backing this currency.

>>381676712
>sure you can still make some money daytrading or buying some litecoin or eth and see what they do in a year, but the days of "buy bitcoins and end up a millionaire" are long over
People said this at the start of 2017
They said this in 2016
They said this in 2015
They said this in 2014
They said this in 2013
They said this in 2012.

And they will keep saying this until the day it finally DOES stabilize, thinking they got the last laugh. Meanwhile I'll be driving my 20 lambos on the moon.

Crypto is in the 'windows 95' stage right now. Early into mainstream appeal but still has a god decade or two of enormous growth left.

>>381671487
I don't know aboutt his mining stuff. People can do something with my 1070 for profit?

>>381676927
They used to be backed by gold standard, but that hadn't been true since like the 60s.

>>381676782
Don't you understand, the bubble will pop because of the normies.

>>381676861
>people pay up to ~3k$ for a few 01010101011101s

>>381676898
>Idiot, I'm not asking what bitcoins are used for, I meant what are graphic cards processing.
The coins.
Mining coins is like running a stress test on your system and puts the GPU at 100%.

can you just buy some crypto currency without mining itw

>>381676927
>They are backed by gold bars

You're an idiot, if you wanted to b8 me it's fucking working.

The dollar is backed by the full faith and credit of the United States

>>381672931
All the more reason to shut it down.

>>381676540
>market backed
All that means is you can buy shit, a lot of places are starting to accept bitcoin, from dealerships to real estate
>You can effectively buy a mustang with bitcoin
There will only ever be 21 million coins total in circulation from bitcoin alone. As that is the absolute max that can be mined. To reach this number it's gonna take a few decades, because the number of transactions that can occur to the block size is limited.
Being a decentralized currency, it does not rely on the world bank, this frankly pisses the banks off, because they cannot manipulate bitcoin since it's a standard on the par with gold a limited resource, because of it being decentralized they do not handle the transactions for trading, that is done by people mining coins furthering their manipulation. Anyone bitching about bitcoin, obviously either works for the world banks and wants to discourage it's use, because it removes their power. Or is frankly an idiot.

>>381674101
Probably not, Nvidia GPUs have never been good for cyptocurrency mining

>>381676898

>sounds like bullshit

what in the fuck are you talking about? Just google this shit you ignorant fucking moron. This is why you don't spoonfeed retards

>>381677039

>people pay up to ~1200 for a shiny yellow rock

>>381673031
>endless trash.jpg

>>381677010
Normies are in the 'wow that's stupid why would I do that' phase.
It'll take them a good 20 years to reach the 'gee I wish I did that well I'll do it now!' phase. Just like with Apple and MS stock

Guess i'll go buy a PS4 since JUST upgrading my graphics card to a acceptable level will be way more expensive.

So the cards won't get cheaper any time soon? Wow.

>>381676898
>Huh, I see. Somehow I don't think only 4 transactions are 1 bitcoin, because that shouldn't take a lot of power.

That was only an example
The reason a powerful rig is needed is because of complex math, you're technically setting your machine to do thousands of problems in seconds like banks work.

>>381677068
>a stress test
Why the fuck would you earn money for that?

>>381677143
Why the fuck would you earn money for that?

This sounds like an excuse to push prices up artificially (like that Thailand flood years ago where harddrives shot up in value, and never really came down)

NOBODY mines with a GPU, when an ASICS does the same thing or less money, and is often 100 or 1000 times more efficient in terms of hashrate.

>>381676963
If you buy any bitcoins right now for, say, 5000 dollars which is quite some money to put into something like this, you won't be buying lambos anytime soon at all

>>381677010
well duh, that's why we pull out when it moons and leave the normies bag holding.

https://www.youtube.com/watch?v=K8kua5B5K3I

Whew lad, so much for getting into bitcoins when you have chinks like this.
>when your office sounds like a tornado

>>381677278
because that's how it works nigger

>>381677272
Well it's not NOTHING like those other anons implied. Just doing complex math for no reason. There's a reason, right?

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mfw bought my 480 half a year ago so now i get to both play vidya AND mine around 4$ per day while reading poorfags complain on /v/

>>381676963
>a decade or two of growth.
Actually it's 2145 is when the last coin will be mined. There will be 21 million coins in circulation.
Compared to any cryptocurrency out there, bitcoin is the foundation for a fucking reason, the man who created it literally recreated the economic banking system we use today on a decentralized system. There's over a hundred years of foresight in it.

>>381677278

>why would you earn money for that

THE COINS ARE ACTIVELY TRADED ON EXCHANGES. PEOPLE BUY AND SELL THEM FOR REAL MONEY. YOU MINE THE COINS AND FUCKING SELL THEM, THE SAME WAY YOU MINE AND SELL GOLD. HOLY SHIT

>>381671487
You are retarded

>>381671487
>price up due to demand
*rubs hands*

>>381677378
You're obviously misinformed, because you implied they use graphic cards for doing useless calculations they don't need and give you money for it.

980ti is still beast. Just get one of those.

>>381671487
>people STILL fall for the bitcoin meme

Holy shit, they deserve to be scammed.

But how about cashing-in this monopoly money?

Real question
Why is bitcoin not banned yet?
Its backed by nothing but apparently used in extremely shady shit freqently, and mostly by chinks

>>381674992
>That's all we need fucking shit stain.

You're an idiot - I obviously wasn't advising him to make such a farm, the "you need" was hypothetical.

>>381677278
Because you are the middle point for the transaction to occur, you are the banking point and you charge the fee. A single bitcoin right now this very fucking minute is worth $2613 USD and the average home miner can effectively mine dozens at a time.

>>381675789
>waste electricity,paper and color
>this somehow gets you real money that fucking idiots slave away their entire life for

???

>>381677487
>and give you money for it.
No, you get bitcoins. There's no inherent value in it

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>>381677543

>>381677327
I didn't advice buying BTC. LTC and ETH have much more room for growth than BTC, though BTC still does have a lot of growth left in it contrary to popular belief. Any other coin is a complete crapshoot and only good for short term gains.

You should absolutely be putting a big chunk of your personal spending into crypto though, and just leaving it in there

You don't need anything stronger than a 1060 anyway, and those remain at MSRP.

>>381677438
You can't be this stupid. Maybe you've just never thought about it this far. You really think you just use your computer to pretend-mine pretend-gold? No, I hope not. Because they obviously use the graphic card for something other than just run it hot.

>>381677605
>>381677645
You guys are all saying different things.

>>381677434
How much energy are you burning daily?

>>381677582
30 bitcoin wallets own more than 70% of all bitcoins. One of the largest owners is the US Government who has confiscated wallets. At any time a country could outright ban bitcoin and it would lose all of its value overnight.

People deserve to be scammed.

>>381677389
>Just doing complex math for no reason. There's a reason, right?

The algorithm behind bitcoin is like any banking system in a way, these heavy number crunching is to ensure complete encryption. I think even a child can grasp this.

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>>381673031
>Crossfire outdid WoW and DOTA

>>381677739
Little enough to fully offset it with mining

>>381672931
Fuck can you even buy with it?
Nothing at all.

>>381673031
>The same five versions of Clash of Clans dominating the top ten mobile list
>Meanwhile titles like War Robots (Basically Mechwarrior) and Implosion - Never Lose Hope (DMC style action game) are ignored despite being God tier mobile games

>>381677802
That's not the same thing as

>Mining coins is like running a stress test
>the math problems are meaningless in and of themselves but the expended effort to solve the problem is the proof necessary for everyone on the network to know that one particular miner earned that reward

You fucking child.

>>381677712
>You guys are all saying different things.
No were not, you're just retarded.

>>381677865
But what are you mining?

>>381677712

>You can't be this stupid

Thats what I thought about you, but I was clearly wrong

https://en.bitcoin.it/wiki/Why_a_GPU_mines_faster_than_a_CPU

I'm done spoonfeeding you, go back to your video games you fucking moron

>>381677652
Isn't there a financial product that allows me to bet *against* something gaining value? Because this bubble is going to burst VERY soon.

>>381677757
Seriously where does bitcoin get is value?

>>381677712
>You really think you just use your computer to pretend-mine pretend-gold?

Yes, it's artificial scarcity and anti-inflation.

>>381677931
What the hell does that have to do with my question? I asked what are GPUs processing, and you said nothing. Then you said something.

>>381677757

>nocoiners unironically believe this

statements like this make me feel more bullish on bitcoin, as clearly the normie population still knows fucking nothing about it.

If I buy like $200 worth of bitcoin right now and just sack it away, would the returns be worth it? just for fun

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>>381677645
>There's no inherent value in it
Woah my bank must be playing practical jokes on me

>>381677712
>i dont know anything about bitcoin
>let me tell you how bitcoin works

>>381678034
One coin is $2300 right now.

>live in what is more or less second world shithole
>gpus still abundant here because most people are too stupid to mine
>but prices are inflated significantly due to import taxes on PC parts

>>381678032
>>381678036
Go to a bank or currency exchange right now and ask to trade in your bitcoins, see what happens.

>>381678018
By nothing I mean nothing important. See

>the math problems are meaningless in and of themselves but the expended effort to solve the problem is the proof necessary for everyone on the network to know that one particular miner earned that reward
>Mining coins is like running a stress test

>>381678057
You don't seem to know about bitcoin because you tell me they just see if you're WORTHY by running fucking crysis on your computer. That's what you told me faggot, because you didn't know either.

>>381673031
FGO makes more than Granblue?

>>381678036
That doesn't answer the question at all.

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lol nocoiners

>>381678142
This>>381678036
THAT IS A BANK TRANSACTION YOU DIPSHIT.

>>381678142

How about I go to one of a myriad of bitcoin exchanges and sell for USD in seconds, and wire it back to my bank account instead, you fucking moron?

>>381678034
You would make money, but there's a higher risk/reward in memecoins

>>381678142
>>381678205
Anon I literally just sold $270 of ETH and bought another $200 of LTC a few days ago and posted proof in my bank statement you dumb fuck.

>>381678170
>because you tell me they just see if you're WORTHY by running fucking crysis on your computer
stay in school kids

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>>381675110
>TFW BOUGHT A 250$ gpu 3 years ago
>tfw 380x still running strong for 1080p

>>381678263
>wire it back to my bank account instead, you fucking moron?
and get IRS all over your ass

>>381678319
>not doing what was said
>b-b-b-b-but i did it goyim, i swear! just buy bitcoins!

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>>381671487

>search 1080s on ebay
>see this

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>>381671487
Will LTC ever reach btc's current value?

Because that's where I'm going mostly all in

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>Ask what they are using GPUs for when mining bitcoins
>retards who don't know the answer reply "FOR BITCOINS DUURRRRR"
>someone tells me they are running meaningless math problems to see if you're WORTHY OF ACQUIRING BITCOINS

Holy fucking shit you guys are idiots.

>>381671487
>tfw bought a 480 just 2 months before this shit started
Thank god. This isn't gonna affect CPUs right?

>>381678390
>and get IRS all over your ass
Time to stop posting, you're a fucking mongoloid. Do some research before you go full retard again.

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>people STILL fall for the pump and dump scam that is shillcoin

>>381678460
so then what are they using them for

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>The US government's face when realtors start accepting BTC for house payments and they have zero way to tax you on it.

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How do I get into criptocurrency?

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>mfw I have two rx480s

Should I sell them to some mining Jew for top cash or keep them?

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>>381678518

>>381678390

>implying I'm not okay with having to pay capital gains tax on my bitcoin profits

I'm not American, btw. Land of the "free"

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>>381678507
That's what I was asking. Best reply I got was >>381676658

>>381678034
Go to /biz/ and keep a watchful eye on memecoins

See
>>381678281

>>381678505
We've been saying this for years,

I hate Bitcunts, but it'll probably go to $10,000 eventually.

Nobody believed it'd ever reach $1, $10, $100, $1000, etc...

>>381678460
You GPU/CPU are checking the block consistency then applying changes to block load on every bitcoin miner in the world this requires a ton of math. Imagine if your computer is linked to every transaction node in the world. There is your answer mongoloid.

>>381677983
WHY WONT ANYONE ANSWER THIS
WHY IS BITCOIN VALUABLE
AS FAR AS I CAN SEE IT'S BACKED BY NOTHING AND ISNT EVEN A LEGIT FORM OF CURRENCY UNLESS YOU WANT SHADY SHIT

>>381678460
>Mining a block is difficult because the SHA-256 hash of a block's header must be lower than or equal to the target in order for the block to be accepted by the network. This problem can be simplified for explanation purposes: The hash of a block must start with a certain number of zeros. The probability of calculating a hash that starts with many zeros is very low, therefore many attempts must be made. In order to generate a new hash each round, a nonce is incremented. See Proof of work for more information.

>>381678556
You're definitely going to get serious advice in good faith about how to make money off of bitcoin from one of the best boards on 4chan such as /v/

>>381678460

>be complete retard
>refuse to do any independent research or google shit
>get spoonfed anyways, somehow
>call the people spoonfeeding you retarded

you, in a nutshell

>>381678556
Money, a lot of planning and understanding.

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>>381673031

>DFO is actually moderately successful

I'm pleasantly surprised.

>>381678638
It has no actual backing and legit banks are already making their own. It's possibly one of the worst mid to long term investments one can make at the moment.

>tfw just inherited a sizable chunk of yuro pretend money
I'm inclined to dump a portion of it into this other pretend currency just to see what happens while putting the rest into stabler investments

>>381678689
Then where the fuck do I go?

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Just a reminder.

>>381677983
>Seriously where does bitcoin get is value?

(a) From anarchistic idiots who think it will financially world governments and replace conventional currency. Obviously the latter would make each bitcoin tremendously valuable, and many people have 1000s or more, so greed plays a strong part too.

(b) From futurists who think using this cool cyberpunk currency makes them superior to "flatscans" or whatever they call normies.

(c) From speculators trying to make money from (a) and (b)

>>381678263
>How about I go to one of a myriad of bitcoin exchanges and sell for USD in seconds, and wire it back to my bank account

Wow, can you really do that these days? It used to be selling bitcoins required sending photocopies of your dox to shady companies located in the "less-regulated" countries. The transactions were incredibly slow and it seemed every other month an exchange would go bust, steal the coins, or lose them to hackers (in some cases the supposed hacking was a cover for exchange embezzling)

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>>381673031
>Superdata
Worthless post discarded

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>>381678661
>>381678680
Thanks for actually responding to my question and not wasting my god damn time you retards.

>>381678713
Don't reply then if you're just gonna say meaningless shit.

>>381678678
Jesus christ you fucking retard, why """real""" money has a value? Because people give it value, all coins happen to be anonymous and are great to buy illegal services.

>>381678678
>WHY IS BITCOIN VALUABLE
because people give it value like any other currency

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>tfw cryptocurrency has fallen into the hands of normies and the good ol' days of making 400% gains per week are long gone

>>381677136
>that is done by people mining coins furthering their manipulation
So the miners just handle the processing for the currency in exchange for a small amount new currency? What happens when the max amount of coins is reached?

>>381678778
>17
/biz/, start a questions that don't deserve their own thread thread and then ask all you want.

Also look up bittrex on youtube and the history/ how crypto works.

Then make an account on coin base and test out trading with 5 dollars.

You'll get it.

>>381678678
Because people find worth in it. That's really all a currency needs to get started and is why Bitcoin is still used today.

I hope Vega isn't in the same boat when it's released. I really don't feel like hunting one down after waiting for so fucking long.

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>>381675110
>If you lucked out at the start of the year and got a 1070/480 fucking keep it
>Mfw I have no idea what's going on but got a computer with a 1070 in it back in January

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>yfw when I used to solo mine several hundred BTC a day on this bad boy

>>381678678
There can only be a limited number mined every year and there will be a set max of coins in the year 2145 the last bitcoin will be mined the max number is 21 million. There will never be another coin produced after that point. Right now the way a coin is made is by creating a dump system into the block set of transactions, for every transaction that occurs in the decentralized system it's a fraction of a bitcoin.
The value is determined by this fixed number which is yearly and the maximum which will occur in the year 2145.

>>381678678
>Isn't even a legit form of currency
What is this 2009? Plenty of places accept Bitcoin now and it's only getting more popular as its value rises.

>>381678743

> It's possibly one of the worst mid to long term investments one can make at the moment.

Remember when you said this, and then check the price in 2-3 years before hanging yourself. People that said that shit in 2014/15 when it was down 80% off the highs missed out on like a 400% rally in 16/17.

>>381678616
>falling for the memecoin meme
Literally asking to lose thousands on a pump and dump.
Follow /biz/ for news about BTC, ETH, LTC, and new up and comers.
BUT ALWAYS ASK FOR A SOURCE AND EXPLANATION

Iron hand the big coins and only move your big coin cash between the big 3, do not iron hand the memecoins because they are prone to crash at any time.

it's a classic pump and dump scam

if it was legit, you would've seen corporations and international banks either shut it down or monopolize it by now if the gains were truly as amazing as shills try to say. instead you see the constant OMG OMG OMG BITCOIN GOING TO SAVE EVERYONE LOOK AT THE PRICE BUY BUY BUY BUY BUY BUY BUYYYY!!!! Then when it hits a certain mark those people sell out, getting quick money off of retards only to repeat the process again and again.

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>when you wake up minutes ago and have no idea what the fuck is going on in here

>>381678810

Oh, of course I forgot to say "You can use it to buy drugs on darknet"

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>the math problems are meaningless in and of themselves but the expended effort to solve the problem is the proof necessary for everyone on the network to know that one particular miner earned that reward
How can anyone be this stupid?

>>381679043
sorry, what does iron hand mean?

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>>381678678
GOOD
FAITH

LIKE ANY CURRENCY, YOU FUCKING NIGGER

PEOPLE GIVE IT VALUE BECAUSE THEY KNOW SOMEONE ELSE WILL GIVE IT VALUE TOO

US DOLLAR IS BACKED BY WHAT? GREASY NOSES? JESUS CHRIST, STUPID APES

>>381678882
Pffffft look at this thread
Normies are terrified of crypto even when you give long ass explanations of its worth and potential.
I've been telling people that it will take 20 years for normies to realize crypto's potential and this thread is proof.

>>381679040
It has no longer term viability. Blockchain has its uses, and banks are already making their own - eliminating the entire niche that bitcoin was trying to fill.

>>381678961
>tfw you could've been a millionaire but you lost it all

>>381679158
>LIKE ANY CURRENCY, YOU FUCKING NIGGER

>thinks all currency is fiat

Bitcoin shills are economically illiterate.

>>381678810

There are still elevated risks with regards to exchanges in the crypto space but that's the risk you bear for operating in the wild-west frontier market that it is.

I've personally lost some coins on mtgox back in 2014 so i'm very careful with my own security now and keep the majority of my holdings in an offline hardware wallet, but yes, there are a number of more reputable exchanges that have no problems with inbound and outbound wires

keep posting reaction images instead of reading up on something interesting

My 390 is still running well and I won't be playing beyond 1080p 60fps anyway

I knew about bitcoin in 2011 , almost opened a wallet, but did nothing

AMA

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>>381671487

I don undesten this

>>381679260
You finally realized you worded that shit poorly and wasted your own time failing to spoonfeed? Must feel stupid.

>>381679146
It's a meme, but it means don't sell them after a a decline.
Right now all big coins are going down a bit because of some whales fucking over ETH.
Unless you had some in ETH, it was best to just keep hold of your crypto.

>>381678905
No more coins are produced, fees that incur will be based on the set number of coins like a bank.
So let's say Jack has 10 bitcoins and wants to send Jill bitcoins and their friend Larry is the transaction node. Instead of Larry receiving a fraction of a coin upon the transaction occurring, the person making the transaction will have to spend a coin to make it so Larry is paid.

So Jack sends Jill 5 bitcoins and there is a 1 bitcoin fee to make the transaction occur Jack will spend 1 bitcoin to send 5 to Jill, effectively making his remainder 4 bitcoins out of his 10.
It's like an ATM fee. There won't be any new coins produced, just coins will be circulated and transaction fees will occur instead of being created.

someone give me a quick rundown on crypto currency mining

is it basicaly just a mmo gathering for real money?

>>381679116
It's like those old rich dads that suddenly went up and bought gold coins because they thought it would go up in value or something.

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>>381679158
>US DOLLAR IS BACKED BY WHAT?
The most powerful nation on Earth instead of a bunch of neckbeards on Cambodian Cartoon imageboards.

>>381674509
exactly what one faggot did to me. ebay the scumbags didnt help me at all

>>381679146
Hold it tight.

>using GPUs

There are ASICs for half the price that run 50 times faster.

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Today I will remind them

>>381671487

The "bubble" will pop again. The jews made blew up the first one.

>>381679094
>or monopolize it by now
Anon
There's a good reason why LTC and ETH are getting tons of attention right now, and it's because governments and big corporations are talking with them about how to integrate.

>>381678836
The only one saying meaningless shit is you, you ignorant fucking retard. I can't believe people have been nice enough to spoonfeed you extra carefully since you clearly have trouble swallowing basic information, especially when you continue to call them retards.

>>381677347
>implying this hasn't already happened...

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>>381671487
Guys I still have a gtx 750 ti. Is that decent still? Where can i go to compare performances of video cards? It runs every game I play really well even though it's not a high end card.

>Cryptocurrency rises in popularity
>GPU manufacturing increases because of increased demand
>More powerful GPUs
>Better graphics
What's bad with this.

>>381679529
its decent for 720p games.

>>381679145

https://en.bitcoin.it/wiki/Proof_of_work

How do people as stupid as you even manage to breathe?

>>381671487
AMD's cards only account for about 20% of the consumer market.

>>381671487
>people buy graphic cards just to get a useless currency

>>381679363
It could also be backed by your ass that it would have just as much value you retard.

>>381679568
I can run 1920x1080 skyrim on max with 60fps and crysis 2 on max with like 45fps

>>381679602
And nearly 99% of the bitcoin market. AMD cards are built strongly for multitasking which is great for multithreaded work loads such as transaction algorithms

>>381679182

Neither of us will clearly convince the other of our position, so we will just have to wait and let the market decide who is right.

My money is on bitcoin, though.

>>381679363

Must be nice losing a guaranteed 2-3% of your purchasing power per annum due to ((inflation))

>>381678842
Currency was once just a representation for gold though. It had value.

>>381679451
Except they didn't give me the information and had the gal to imply what they said was right. See >>381677438
>>381677068
>>381676752
>>381676775

The only actual answer I got was from >>381676658
so I already had the reply I was looking for.

But keep repeating that you were right when you weren't.

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Hwo do I mine money online
Do I need minecraft or

>>381679359
Pffft yea those dumb rich dads.
I mean if they put money in gold in 2000 that money would have only quadrupled by now even adjusted for inflation, what idiots right?

>>381679569
"MEANINGLESS MATH"

you stupid piece of shit. It's absolutely not meaningless.

I mined for about 2 weeks in 2010, is your wallet and ability to sign into a wallet tied to your GPU and CPU? I want to see how much I've got, but I'm not going to go fetch old parts I've stored away to do it.

>>381672986
i bought a 1060 for $300 yesterday.
that's how much they normally cost

>>381679094
You can buy cars with bitcoin, a lot of real estate firms are taking bitcoin now. I'm actually about the buy my second house with 18 bitcoin.

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>>381679376
>falling for the bean meme
>not making memes for wojacks
Wojacks will pass bitcoin in 2030. Get ready to pick out a lambo.

>>381679728
>Literally the entire financial world is wrong, this one thing that's primary use is to obfuscate who buys drugs is the real deal and is the future!

k

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>nocoiners in 2017
Jesus I though you were smarter than this /v/

>>381677326
You can't mine ETH with ASICs.

>>381679931
Should be on your hard drive with the blockchain.

>>381679158
Backed by the most powerful nation on the planet you fucking retard
It used to be backed by gold too
>ITS VALUABLE CUZ PEOPLE SAY IT IS
What a great currency

Eventually computers will be powerful enough to scan every private key and steal all bitcoins

directory(dot)io has them all

>>381678842
Open a history book, retard

>>381679794
you dont even know whats right nigger wtf are you smoking

On average, how long does it take to get one measly Bitcoin?
Living in a third-world country means that current Bitcoin value can last me a lifetime.

>>381680304
They aren't mining BTC, they're mining Etherum

An RX 480, 290x, 390x, would average you about $150 a month or about $5 a day.

>he didn't invest in antshares

>>381677959
Yes, that was the whole basis of that movie The Big Short. When the housing bubble popped only a few people saw it happening and made billions.

>>381679363
The dollar isn't backed by anything physical anymore. They print money as fast as they destroy it. Bills are pulled from circulation if they are damaged enough then reprinted and an average of a few billion is printed every month to keep up with national debt standards and circulate currency world wide. If anything there will be a bubble burst on the US economy long before bitcoin actually finishes it's blockchain.
Bitcoin are fixed at a yearly mine rate and that mine rate will stop at 2145 at 21 million coins total. After that there will be only circulation of coins via transaction fee like using an ATM outside of your bank service, but never will another coin be created. Meanwhile the US along with the rest of the world will print money without any fixed amount or any physical backing leading to a inflation crash like Japan's economy goes through every few years. However Japan has gotten used to it and the economy just impacts on itself and the currency resets, it's a luxury they have as one of the five international traded currencies.

>Used a 6950 since 2011 until early autumn of 2016
>Got a 480 since it was the best card in its price range at the time
>580 comes out
>Can't get it cause already spent on a 480

The 580 - 1060 $300 price bracket was my perfect range. Couldn't get a 1060 back then cause jews being jews had it at close to $375 at the time. While the 480 is very nifty, this won't last me the 5 years like the 6950 did. Well, maybe I should that that it will but the graphics leeway will be much slimmer.

>>381679931
look for wallet.dat in appdata/roaming

>>381680482
>investing in ant
>when mooncoin exists
It's like you don't even want a lambo

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>>381674760
turkeys on literal suicide watch

Are the price hikes only affecting certain regions?

Everywhere I look the rx 480 / 580 are retailing between £200 - £250

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>>381677884
APOLOGIZE!

>>381679735
And what gave gold value?

>>381680754
I've reformatted many different times since 2010. If it's dependent on files from when I started, it's gone.

>>381680430
>$5 per day
>Enough time from now until the end of the Steam sale to mine enough cash to buy Dragons Dogma and then some
And I'm guessing only specific GPUs can mine cryptocurrencies?

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>>381671487

I've read some stuff about cryptocurrencies and I still don't know what it is exactly or how it works
Just let me play video games

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>>381680482
>He didn't buy at 3, sold at 13 and bought again at 7

>>381680879
People's inherent desire for gold.

>>381680865
They're going to start accepting wojacks soon right?
I quit my job so I could make memes for wojacks on /biz/

>>381680136

What do I know, I only turned 5k into 100k. Stupid me.

>>381680879
Rare, beautiful, malleable, conductive.

>>381680910
i would highly recommend at least trying recovery software, assuming you were solo mining back then the blocksize was 50 coins
so you could possibly have over $100k

>>381680912
nigger any gpu can mine crypto currency and I just told you 3 different ones that could easily make 5 dollars a day

you get $5 a day to leave your computer on, you don't know the value of a dollar

>>381681167

>$5 per day
And how much does the power cost to let a computer run on full power a whole day?

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>>381681104
THEY BETTER DO I INVESTED ALL MY STUDENT LOANS IN IT AAAAAAAAAAAAAAAAAaaaaaaaaAAAAAAAAAAaAaaaaaaaaaAAAAAAAAA

>literal manchildren who spend their days wasting money and time on video games can't understand the concept of a good investment or visionary technology

I'd say I'm surprised, but I'd be lying.

>>381673031
the chinks were a mistake

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>>381680282
I looked it up and it wasn't "meaningless math" or "just a stress test to test your might" like those anons said. You just wasted your own time by pretending you knew what you were talking about. Hope you learned not to act like a smart ass, and maybe not to spoonfeed as well. And yes I know now what GPUs are used for when mining. I hope you learned too.

Being called stupid doesn't affect me because I post on that premise. I get something from it at your expense, but when you can't even do that properly it pisses me off. Sort yourself, or don't spoonfeed.

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>>381675674
>every major mining company is using AMD chipsets

Nvidia prices for the same performance cards are always over priced, and only come down in price once AMD has their equivalent. They list hair physX, radiant AI, water works as pros for the extra price. Basically bullshit that amounts to nothing. AMD cards also have a longer life span since they don't heat up as much under duress.

Nvidia isn't known as a jew for nothing.

>>381681346
Parents pay the bill.

>>381681167
Yeah but I'm stuck with a 750ti. Would my computer erupt for using ancient hardware?