REEEEEEEEEEEEEEEEEE MINERS GET OUT

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>buy bitcoin GPU
>mine enough to buy another one
>repeat

Even the 1060's price is fucked

Wonder if I can sell it for a 1070 price and buy a 1070 when the craze dies out while using my 770

>>381797098
Can you even mine enough to justify power costs these days? Higher end GPUs aren't even that efficient right?

doesn't seem to have affected my third world prices. albeit most high end stuff is sold out

>>381797517
dreamer. this bitcoin shit is from chip manufacturers(it wont stop) this is the proper way to fuck market Hard

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get fucked, faggots. I have four RX580 mining me to the moon

>>381797759
weren't bitcoins basically impossible to mine with normal GPUs due to the amount of people doing it, requiring specialized hardware instead?

or is this some new coin?

>>381797098
I thought AMD was the miner's choice, or is there something special about the 1070 now?

>>381797098
>1070s going for more than 1080s
Whad da fugg?

>>38178>>381797880

If you look on /biz/ 4ight now, there are no less than 10 popular cryptocurrencies, from normal bitcoin and dogecoin up to the new kids on the block niggercoin and hitlercoin

>>381798105
so does this mean that GPUs will now forever be 2000$ if you wanna get anything decent?

>>381798030
1080 and 1080Ti have GDDR5X which isn't as efficient as GDDR5. I've noticed prices have bumped slightly, but not nearly as bad as the 1060 and 1070.

>>381798105
>niggercoin and hitlercoin

Goddamn, kek gen z is hilariously racist.

>>381798204
More like $500ish, the GTX 1080 is still at a good price

>>381798028
The new hot currency of choice is Etherium, which can utilize CUDA.

>>381797098
why don't you venture outside your basement and go to a retail electronics store

>>381798795
>Etherium
Oh you mean the one that went from mid $300s to c10 last week?

It's sad, finally got a job and was going to upgrade to a 1070 from my 770. But fuck these prices. I'll just wait for the next generation of cards at this point.

Reminder that cryptocurrency is a fad and will die when the economy inevitably crashes and is rebuilt on Energy Credits.

I thought the buttcoin mining meme was over because its not efficient anymore.

>>381797098

Why wouldn't you just buy a 1080 TI at that point

What the actual fuuuuuck

>>381799728
You should get a 1080 if you can afford it

>Was going to build a PC
>This happens

Welp, off to console gaming's dark abysmal future I go.

ok guys, I have a 1080ti, tell me how to bitcoin mine and where to get started

>>381799836
>>>381797098 (OP)
>Why wouldn't you just buy a 1080 TI at that point
>What the actual fuuuuuck
Because these cretins want to make a dollar profit everyday after investing 10k into a rig and 200 dollars on electricity every month. But it'll be okay when their coin dies and they lose everything.

i want this meme to stop
>>381799952
first you will need a rope

What even is Bitcoin mining? How does it work?

>>381799728
same here a 770 in 2017 isn't fun
it's not even a 4gb version

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AAAAAAAAAAAAAAAAAAAA
I WAS LITERALLY JUST GOING TO UPGRADE
WHAT THE FUCK
FUCKING CHINKS

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>>381800218
>tfw stuck with a shittop
>see this

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>>381797098
>Other GPUs on the market also went up 200 something dollars because of this

Can some random asshats enter the market and make a card specifically optimized for cryptomining while everything else gets left untouched or are the prices just fucked for the next upcoming year?

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>>381800218
Same here famalam. Plays rising storm 2 and tekken 7 at a steady 60fps at 1440p though all high. For a 4 year old card it's still got some fight left to it.

>>381799559

Flash crash because some dipshit sold 40,000 of them at once. Moral of the story is always have a lowball buy order in place in case of dipshittery,

>>381799761
>Energy Credits
Isn't it a shit-load cheaper to build wind and solar now though? Why would the economy be based on something that's dropping in price drastically every decade?

>>381797098
When will they go back down? Wtf?

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Every single 1080ti I've been wanting to buy has been sold out. If I miss out on that free Destiny 2 code, I'm gonna be pissed.

>save money for years to join pc master race
>going to buy my very 1st op pc
>this

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>literally have to buy 2 Xbox-X's to match the Xbox

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everyone will continue to buy / mine, then it will crash and gpus will be dirt cheap again.

just be patient, kek.

>>381800114
Basically any currency has to be generated somehow, you cant just have infinite cash.

With Bitcoins PCs solve math shit algorhythms and they get buttcoins from that.
The more gets solved overall the less payout you get. At some point solving them isnt worth it anymore at all.

Thats how buttcoins get generated and put into the market.

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>>381800595
>xxxboxxx
>as strong as the 1070

>>381797098

I wanted to buy a 1070 last year but ended up getting a 480 instead due miners, now it seems that even this card is being hoarded too, what the hell.

>>381800218
>770
Im playing with a 650, send help

i thought only amd cards were the good mining cards. since when did nvidya cash in on bitcoin mining?

You guys know a 1050 plays everything fine right?
1060 and up are dumb memes

Why don't these companies just ramp up production? They're selling out so fucking fast they could definitely afford it.

>>381797098
>implying miners use GPUs anymore

>>381797098
Didn't cryptocurrency mining peak when back when the 7970 was relevant? I didn't even think it was possible to mine efficiently on GPUs anymore.

>>381799728

You're in luck since Volta is q1 2018

I could have gotten a 1070 used for 270 bucks just a couple of months ago consistently but I decided I'd try and wait it out. Jesus Christ fuck these fucking mongploids.

>>381797421
>falling for the bitcoin mining meme
>end up wasting more money than you make because of electricity bills

>>381800972
How can someone be this out of the loop? AMD cards have been sold out for like a month, and now Nvidia cards are as well.

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>1050 still 100$-150$
It's fucking nothing

>Spend the last four years of my life moved back in with mother who split from abusive dad to help bills.
>Finally getting back into my own place, top priority is new gayman pc.
>This.

Well I have other shit I can do but man.. that one last kick in the nuts before I go eh?

>>381801148
I legit couldn't find AMD cards for sale in my third world country for the past 3 months. At one point I subconsciously didn't even bother anymore and took nvidia monopoly for granted

>>381800931
>hold off on 1050 for a week
>goes up 20 dollars

Fuck everything

>>381800932
dem resources dou

>>381800649
Didn't bitcoins have a raise again after some shit happening recently?

redpill me on mining. What is it and how do you do it?

>>381797098
And people said the xbox was overpriced

>live in europe
>RX580 still "reasonably" priced
About 260€ for the 4GB one, 300€ for the 8GB one right now
Only increased like 20€ since the miner meme took off again

>>381801182
Nobody cares about low end stuff like the 1050 or 560 since the performance per watt is too poor. Basically everything from the 470 to the 1070 is unobtainable, and 1080 and 1080Ti prices have been raised slightly in response as well. .

>>381797098

Prices were still sane when I upgraded a month or so ago. What happened in buttcoin-world that caused prices to spike?

>>381801310
>get gpu
>download bitcoin mining software
>wait 1 month
>mine .0025 whole bitcoins
>end up going broke due to electric bills being high as shit

>>381801143
Pretty sure bitcoin mining has actually gotten more expensive despite more efficient CPUs, because mining time is worth so much less.

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>gonna buy MSI 1080ti
>sold out
>guess I'll buy Asus Strix 1080ti
>sold out
FUCK, I JUST WANT TO BUY A GOOD CARD

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>meanwhile 1080ti is on a small sale in scandiland
kek and lel

>>381797584
If it were worth it, why the fuck would nvidia/amd even sell the cards, rather than set them up themselves? If you could really turn your $700 purchase into profit, imaging what you could do if you only paid cost for the cards.

>>381801638
aorus

>buy R9 290 3 years ago
>330€ for the Sapphire Vapor X (best one you could get, along with the slightly noisier powercolor PCS+)
>2017
>GTX 1060 and RX580 are like 15% faster
>300€ for the cheapest versions of those
Not going to upgrade for a long time it seems

>>381797098
>tfw I got a 1070 a month after they came out for $330

>>381801586
And because people use so many fucking expensive cards. These people will have like 10 or 20 1070s. I can't even imagine they're making more than a few cents a day after costs.

>want to try mining
>ask around on /biz/
>never one response, as useless as any other board
How could I ever believe otherwise?

>still rocking my 9800 GT
>max almost everything worth playing

>>381801696
Because the cryptocurrency bubble might burst any second

>>381801417
>the 1050 or 560 since the performance per watt is too poor.
Too low for miners, or for everyone?
t. thinking of buying 1050ti

>>381801182
You can get a uses 770 for literally 70 bucks. No reason to even get a 1050 or 1050ti for more.

>>381801748
unless you're a chinese conglomerate, don't bother.

They mine over 95% of all bitcoins now. Oh and they manipulate the value all the time.

>>381801715
SOLD OUT NIGGER
But what's good about this brand?

>>381801882
For miners

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>tfw made nearly 100k from ETH this year.

That being said, you're better off just buying the coins then actually mining them.

>>381801925
it's gigabyte

I was just at the store today to pick up a new video cable and wandered by the graphics card section. The entire AMD case was empty and a clerk was telling a customer that they discontinued their replacement plan because bitcoin miners were burning them out and bringing them back for a replacement.

>>381801882
1050Ti is fine for gaming, low end cards are just unpopular for mining.

>>381801919
Do you mean btc in general or specifically btc because I definitely would not be going that far.

Which card is a good, not that expensive, upgrade from a 660ti?

Have in mind I don't have a good processor (FX6300).

>>381802194
the 1060 or 1050

>>381802194
Now is a horrible time to buy a graphics card. Your choices are the GTX 1050 and 1050Ti, or the RX 550 and 560. Everything else is overpriced or sold out.

I have a RX 470. Is it worth mining anything with this?

>>381801696

Cryptocurrencies are very volatile. It may be profitable to mine now, but it might not be next month. By the time time they amd/nvidia set their shit up, the bubble coulda popped. Not really sound business to take those risks.

Now I'm not technologically savvy but isn't nand memory and don't gpus have memory so couldn't it be another result of the nand shortage?

>>381802758
Fuck you miners.

>>381802450
get a real job you cunt

>>381802758
that fucking hair, as expected of country grown miners

>>381802332
>>381802330
Thanks. I think I'll go with the 1050 ti.

By the way, what's the difference between the EVGA, MSI, Gigabyte and Asus brands of a certain GT? ????? card?

>>381802846

If it were a memory shortage it would effect both amd/nvidia equally.

Instead AMD cards(which are better for mining) sold out overnight and now that they're nowhere to be found, nvidia prices have been gradually going up over the last three weeks.

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So, exactly what's this "bitcoin mining" thing?
People using their videocards' GPUs to create (generate, process and encrypt) bitcoins?

No, I'm not interested, just curious.

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Bitcoinfags will be judged harshly for their jewery when rapture finally reaps this planet.

>>381801919
Damn, Trump was right all along.

Imagine the second hand sales when the market shits the bed.

>>381803436
The entirety of China should be purged.

Retards here aren't even aware bitcoin isn't the hotness at the moment.

>>381802004
Do you have a job, what did you start with.

Yeah if you can buy ETH now/still because it's going to guy higher and replace Bitcoin. Bitcoin as a currency is really shitty.

>>381803546
>meanwhile amd and nvidia jews swimming in money

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Post YFW this is like the third time people are falling for Bitcoin bubbles

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>already have a 1070 from last year
>mfw just started mining Friday morning
Feels good man. I even got my card for 450 at the time.

>>381803314

You know folding@home works?

Imagine that, but based on how much you contributed each cycle, you get paid in electronic currency that can be used to buy drugs and credit card numbers

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>>381799010
>mfw sold rx 480 when prices where inflated but before miners started buying nvidia as well
>mfw upgraded to gtx 1080 for $40

Fuck I timed that perfectly

>>381802758
What the fuck? I thought Microcenter only allowed 2 per person literally because of shitters like this?

>>381803546
Yeah I for one would love to buy a poorly maintained GPU that's been run at high temp 24/7 until it started showing early signs of failure.

Buying a used GPU after the crash is going to be a goddamned minefield.

>>381803704
AMD and Nvidia don't actually profit from it since the GPUs themselves are sold for the same price, it's the graphics card manufacturers and resellers that make the most profit.

>>381803803
lol deepweb markets still sell CC dumps?

>>381803762
Everyone wants easy money despite the fact you could probably just get an actual job worth all this effort.

>>381802450
Please respond.

>>381797098
So. Fucking. Glad. I bought my 1080 before all of this horseshit went down.

I am so happy I bought a Fury Nitro last summer for 200$ new.

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>>381803789
I'm an absolute tech illiterate.
Could you give me a quick rundown on how this works?
How much money could you make?

>>381804050
You need to check to see if it is profitable at the cost of electricity in your area.

What miners?

Do people still mine bitcoins? wtf

>>381803803
I see. Thanks.
It doesn't seem like something safe. Is it even legal? What if the bubble breaks? Are the bitcoins mined enough to pay the electricity cost?

>>381804181
I don't technically pay electricity.

>>381799958
It's only getting worse too. Deflation is essentially the no different that the inflation they claim is so bad. The only difference is the decimal moves the other way and you earn less money instead of prices going up.

>>381804146
Mine with that shit. Furys are hashing monsters once you do a bit of undervolting to make them more efficient.

>>381803789

If you have to take photos of a monitor, I am pretty confident you are not smart enough to make a profit mining.

This will lead to people moding PS4 pro or XBOX One X into mining machine. Cost to power they could be worth it.

I'm it will happen soon and then consoles will spike in price.

>>381804242
>>381804196
It's ethereum now you retards and that bubble is going to get easily 3x larger before it pops.

>>381804050

How the hell would anyone here know? It comes down to what you're mining and how expensive your electricity is. Go use one of those calculators to figure it out. If it is profitable, you won't make much with just one card though, a few hundred bucks if you do it for a whole year.

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>>381797098
>bought 1080ti in april

is a 980 ok for mining ethereum

Should I just get a 1050ti until this shit blows over...

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>tfw ordered the last msi gaming x 1080 ti on newegg

So can I sell my 1070 right now for a good price? Or are miners only looking for new

>>381804357

Fuck that shit, I ain't playing the retards game.

>>381797584
Totally, just mine at work so you don't have to pay for electricity :^)

>>381804384

No fucking way they could cope with the heat, you'd fuck them up really quick.

>>381804242

It's legal.

If the bubble pops you can totally get fucked.

It depends on how much your electricity costs. If you live in california, probably not worthwhile.

>>381804784
It depends if they will try to fuck you over with a charge back.

>>381804784
You can probably make $500 with it on Craigslist looking at my local pricing. Miners usually don't care about quality since they're going to burn it out anyway.

>>381801417

Performance per watt, what? How about performance per dollar, ya pinhead. Mid range cards are pretty rad these days. You can run the Witcher 3 at 1080p on low to mid settings on a fucking 1030 plugged in to the motherboard only. Stuff like this just didn't happen 1 year ago.

>>381804531
They're not bad, just not the most efficient cards around. I get about 350 Sol/s with my old 980.

>>381804868

It would be so funny if the IRS raided miners. Does anyone declare it on their tax?

Do you think i should buy VEGA as soon as its released?
Theres no way i'm paying $500 for a gtx1070.

>>381804983
well according to some calculator I'd get around 80 usd a month. is that accurate?

>>381804971
Talking about mining performance, not gaming performance. You want a good megahash/kWh.

Also, what a lot of you idiots don't realize, is that when newer cards inevitably come out, the market will be FLOODED with 2nd hand GPUs like these. Same thing happened with the 290/290x. Everyone and their mom had those for cheap.

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>>381797098
What the fuck, did this happen overnight? I was literally checking out the price in May this year and they were half. Plus no shortages.

Did Nvidia and ATI team up to trick normies into buying overpiced hardware to mine for buttcoins?

>>381804967
Miners are actually less likely to ruin their GPUs compared to gamers because they undervolt/underclock theirs while gamers overclock. It's not the temperate so much as the constant voltage.

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>>381804384
>literally hundreds of millions of PS4s and Xbones sold because of miners and catapulting the video games industry into a renaissance of the golden age
>meanwhile the Nutendo Shitwitch that is less powerful than an iPhone 4 will sell less than Vita lifetime and Nutendo is forced to leave the video games industry and make waggle devices for retirement homes because of Japan's aging population for the next 100 years

>>381804851
the scorpio is using a vapour chamber heat sink.

>>381801731
standalone miners are 10x more efficient than these cards, these people are morons

>>381802758
>sir, that is a lot of GPUs
>well that NiggerCoin isnt going to mine itself

>>381805378
nigger, the gpus are used for mining Etherium.

can someone give me the lowdown on this etherium mining? is it going to be like bitcoin where one bitcoin will be worth like $700 now.

if so i have a 1070 and might jump on this mining wave for a bit.

how the fuck do I make money on this shit

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>no idea about mining
>bought MSI gaming 1070 8GB, the most expensive one and still paid a small fortune because 3rd worlder
>mfw others will feel my suffering now

Mining burns your GPU in a matter of months right?

>>381805270

Bitcoin had a huge surge where they went up in value something like 200% which inspired interest in the cryptocurrency market again(probably helps that most real currency is looking pretty shaky these days).

Etherium is a hot new cryptocurrency that happened to get caught in that wave and is becoming it's own thing now.

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>mfw mining stop again
>mfw all these cards flipped on ebay for half their price
>mfw 480/580 crossfire soon

>>381800443
moral of the story, stay the fuck away from meme currency

I think this is a plan from the faggots of Microsoft.

>Xbox one X
>People say they can build something cheaper and better
>Idon'tthinkso.png
>Microsoft secretly buys all the gpus, instantly makes people think about the mining shit
>Gpus prices go up
>Now we have a console that can't be beaten for cheap.

Fucking assholes are smart

https://www.amazon.com/ASICMiner-Block-Erupter-USB-Sapphire/dp/B00CUJT7TO

is it true you can use these things to mine

>>381805587
>Mining burns your GPU in a matter of months right?
Nope, most of them are undervolted which actually increases the life duration.

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>>381805343
>a vapour chamber heat sink.

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>could have bought for $400 around christmas
>ended up telling myself to wait another years for prices to drop

>>381805491
hopefully not, fuck these faggots

>>381805378
You can't use ASICs to mine Ethereum, that's why GPU mining is popular again.

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>muh unregulate currency
>muh freedumb from ebil government
>muh no way it can go wrong
That's what you get for going against the natural order!

>>381805587
>Mining burns your GPU in a matter of months right?
Yes. Imagine having it max load all the time. That's why you shouldn't buy 2nd hand AMD cards if you don't want to get fucked.
>>381805651
You should read this too.
>>381805754
> which actually increases the life duration
LOL

>>381804820
>take advantage of someone else to get what you want!
We're like two steps from snatching purses at this point.

>>381805491
Bitcoin only has worth among internet dudes and when an exchange goes out of business they usually run off with any real money.

>>381801501
>get a bad gpu
>mining alone
>wait 1 month
>didn't do a research and complain about the low performance
>follow a youtube video as a tutorial where the guy lives in a forsaken country where electricity is free and didn't assume the costs right
sucks to be an ignorant sob but then again thats why you are broke

>not springing for the highest quality gpu available and using the mining proceeds to pay it back
If you're patient you can essentially get it for free now.

>>381805491

It's probably closer to litecoin which had a similar mini boom.

Not sure etherium has any value except as a token to get bitcoins.

>>381801731
1070 are waste the new trend are the 1080tis, and after cost you make profit on the 2month, with 10k$ profits after cost and fees

Where is the best place to sell a used 1070? Amazon?

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So when will amd or at least nvidia produce more cards

It's over. ETH is taking a beating this weekend.

>>381797098
Miners don't use GPUs anymore.

so what is the best currency to mine now?

>>381803832
>not using it to buy the gtx 1080 for you

I know some on /v/ are getting enticed to mine. Speaking as someone in the know™, It would better if you will just scalp your AMD cards than mine on your own. Higher profits, less risk of loss,no sudden hardware breakdowns and no high electricity cost.

If you really want to try cryptos, buy some with your profits. Hodl for a few months/weeks(depends on you), sell, buy again, rinse and repeat.

>>381806128
shekels

>>381806116
Ethereum retard, read the thread.

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It's come to this that I now hope the Jews SHUT IT DOWN and all miner fags get burned so bad they an hero.

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>>381797098
>tfw got a 1080 for $430.01 a month or so ago

thank god that i didnt listen to these /g/ fags and bought a gtx 1070 im april from msi and didnt waited for muh vega

What the fuck is etherium mining and how it is different than bitcoin mining>

>>381803789
>gid gut you retard cunt, you are mining at 150w, with 400h/s and 60c
if you do your research you can go 100w,450h/s, 44c
that means less cost more profits

>>381803671
Started with 7 grand when ETH was 25$ per token. Dumped it around $320. And thank god I did, because it's tanking hard right now.

>have a semi-working 970
>has random crashes in Blizzard games (and only blizzard games)
>want to replace it for said reason
>graphics cards are a shitshow at the moment so need money

Wonder if this actually has any value, can run furmark for hours and most games are fine (not sure what it is that Blizzard games do).

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>>381798105
>niggercoin
You cannot be serious.

>>381803789
>getting $2 a day

>>381806690
More then your making

>>381797421
Nobody mines bitcoins with GPUs, retard

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>>381797098
Can we just round up all the bitcoin miners and gas them? Go full 1488 on them. We must secure a future for our hobby.

>>381806690

Tecno cuck here, how do you know?

I guess I should be thankful I got my 1070 a while back at a normal price.

>>381806769
More, then MY making?
Nigger you can't even write and you want to get paid by doing jackshit?
Yeah good luck with that

>>381805289
Wouldn't be good for Sony or $oft in the long run.
>hundred million ps4 and Xbox x sold.
>games gathering dust on shelves, no dlc or accessories sold either because neckbeards just use the consoles for mining
>devs fuck off and stop producing as many games
>Nintendo remains pure and is now the only company with decent games
>sonybros and xbots dying in mass numbers

>>381806465

It's same principle, slightly different protocol.

Even more of a bubble.

>>381797098
If you want gtx 1070 - OC rx 580 performance right now, just buy an R9 Fury. You can still find them for around $350.

>>381797584
All the miners I know live in apartments where all electricity cost is included in the monthly rental price. Or they live in their parents basement and their parents eat the cost effectively decreasing their inheritance.

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Friendly reminder what kind of people are mining with GPUs.

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jej, I love /biz/ memes

>>381800773

Who the fuck pays for these math shit algorithms? I don't understand how this generates value.

>>381806871
>mining from the US of any western country
LEL

>>381807034
The creative ethos of 4chan moves from board to board every year

2016 was /pol/
2017 is /biz/

>>381807189
Then read up instead of asking stupid ass questions. Your question as about as dumb as "why would anyone buy computer when you already have a calculator?".

>>381802069
1050Ti is trash. It has too little power that the extra VRAM is never going to see usage.

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>Gigabyte RX 580 Gaming 8gb only $250 with plenty in stock at my microcenter

Shiiiieeet. Finally time to build that PC.

Wish me luck.

i dont understand bitcoins. so your gpu does a few computations and you get money for it? why?
are the computations used for something?

>>381806838
Stay poor fag

Check local bestbuys, they still have some cards for the old prices.

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>>381807034
This is a disturbing look into bitcoin miners

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It's the GPU apocalypse.

>>381805587
it will fucking murder the fans, but fans can be replaced. thermal stress is a lot worse on GPUs that were actually used for gayman.

>>381801143
>mining using your own machines
>not infecting torrents on public trackers to build your own botnet to mine for you

>>381806771

what are they used for then?

>>381801225
>>Finally getting back into my own place, top priority is new gayman pc.

Don't bother to unpack, anon. With that mindset, you'll be back with mum in a couple months.

>>381807770
Games that don't exist yet

>>381807770
read the thread retard

>>381807449
Your GPU processes the transfers of buttcoins throughout the network (iirc).

>>381797098
Can someone give me a quick rundown on what's going on? I haven't needed to put together a comp in a year, so I've been out of the loop.

>>381797421


people mine ethereum, not btc.

>>381807970
GPU mining viable again
GPU sold out cause people are mining again

>>381807189

Nothing has intrinsic value.

What is the value in a dollar? Nothing inherently, it's just a piece of cotton-paper blend. It's value lies in the fact that the grocery store is willing to accept in exchange for giving your food.

Cryptocurrency is no different aside from the fact that it's value lies in speculation against other currencies and that it can be used for deepweb purchases that can't be done with normal money.

>>381806468
Teach me Senpai.
I only downloaded nice hash and did a benchmark. Everything else is automatic. It switches currency automatically to.

>buying coins that have zero backing
>that is being manipulated like crazy
>if the IRS finds out that you've been dodging taxes on coins you are fucked

bitcoin slaves destroyed /biz/ so hard. I hope their savings instantly disappear.

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AHAHAHAHAHAH
ETHEREUM ON SUICIDE WATCH
LITERALLY FUCKING DYING AS WE SPEAK
EVERYONE GETS CHEAP GPUS
GTX 1060s WILL BE $50 BY THE END OF THE MONTH

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>>381804361
I got a 3 day ban for posting a crypto mining tutorial so now I gotta be a mobile poster.

>>381808031

The same ethereum that had that price scare of dropping to less than $1 a few days ago?

>>381807449
>you transfer some money to somebody
the bank charge you a fee
>you charge that fee.

>>381808192
They'll just start mining Ethereum classic or Zcash again.

>>381807432
Sell that shit for profit. Buy a better card.

>>381808307
Yes. And is crashing like crazy as we speak

>>381808323
>Not mining low competition coins, manipulating prices then dump

These niggers fighting over 1070's 80's, RX bullshit, that's why we go full Nvidia 9500gt.

>>381808323
I switched to Zcash weeks ago but it's also taking a beating right now.

>>381808456
gotta start mining niggercoins then

>>381808329

Yeah fuck me. Thought I had location entered, but when I selected it it showed all are OOS.

>>381808192
>not knowing that the whales are doing a pump and dump

>>381808157
thats why you need to do your research, the 1070 in stock is for gayming but you dont need 4k,60fps to do money, you need to get lower power draw, and lower temps otherwise you will be xpending more money on electricity

>>381807189

>who pays

it generates a buttcoin
people find value in buttcoin
>what value does buttcoin have

blackmarket dealings and terrorism, also money laundering to get money out of china so govt cant touch it

>>381808292
>a crypto mining tutorial
What board?

>>381808487
Everything is taking a beating. That is cause Bitcoin is taking a beating. Once BTC recovers everything will.

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I'm so glad I got my RX 460 Strix back then.

This is absolutely insane. Retards crashing prices of entire segment of computer industry for literal autismbux.

>>381808592
This one. Trying to get /v/ some free money.

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>>381806841
Kek, butthurt Nin10dicksucker detected.

>>381808592
My guess is /hm/

>>381808736
dood link me that shit

>>381808736
>Trying to get /v/ some free money
LOL

>>381808736
Link it since you're on mobile.

>>381808785
Don't, it starts mining your mustard gas.

>>381807897
and why would anyone want that? normally you only get money if you have something to offer that another human wants.

but why would anyone want
>the transfers of buttcoins throughout the network

those gpu computations are nothing you can eat, drink or consume otherwise. why would they be worth something?

>>381808571
Oh. So underclock it then? Because I did notice I had to turn off my overclock to get it to work. Also had to turn off cuda memory limits.

>>381800983
again, it depends upon the currency. there are new currencies. this has already been explained.

>>381808908
It mines his butt?

>>381797098
>700 for a 1070
Is this Canadabux? I got a 1080 for $500 in real money, and they threw in a copy of Destiny 2 as promotional material.

>>381808785
>>381808890
Here you go my dudes.
http://www.realhardwarereviews.com/how-to-bitcoin-for-beginners/

>>381808937

You can buy and sell things with cryptocurrency that would get your arrested if you did it with real currency. That's the worth.

>build pc last month
>get 1070 on sale for $320
' _ > '

>>381797098
I feel like I'll have to create a situation where I make cryptocurrency push to unseat the USD as the chief petrodollar just to get the fucking things banned so I can afford a good upgrade.

>>381809009
It's USD. Miners have essentially crashed the entire GPU market, everything's sold out except low end cards.

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Can someone explain what is going on? Why did card prices go up? I bought a asus 1060 last month for $230, was it a lucky purchase?

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Only one coin that matters, Digibyte.

>>381809173
supply and demand

>>381809173
Everything buying cards to mine, more cards faster mining, and they can quite literally pay for themselves.

>>381808937
It's anonymous, decentralized, untaxed, cash anon.

>>381807770
For mining Etherium (and other less relevant currencies, that will be later exchanged into Bitcoin/Eitherium)
You can't mine Etherium with ASIC hardware

>>381809387
So how do you turn your cyrpto to real $$$.

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wow so hard

>>381808313
i still dont get it, for me this whole bitcoin thing sounds like the biggest hoax ive ever heard of. its like those pyramide games where the newer players pay to the older players until it crashes or the government busts it.

>>381809537
you sell it to other dumb fucks

They should just sic the DEA on cryptocurrency. It requires the same tactics to find mining rigs as it does to find someone growing a pot stash.

>>381803841
They do now

>>381809551
It's for grey and black market transactions anon. Those things never go away. These new currencies probably won't either

>people buying cards for thousands of dollars to participate in mining virtual coins

Topkek. Better invest in stocks than in a highly volatile market when the coins are already at their peak.
Super secret tip: buy nvidia or amd shares. The marketing department will invent a new coin variant in a couple of months and the products will continue to sell like free pussy.

>>381809052
thanks!

>>381809551
That's because you're a dumbass. Don't worry the smart people will be making bank off this and you'll be the sheep that ends up using it after 10 years when it's already established.

Think of it like this, the Internet did for information Crypto will do for currency.

Before the Internet you had to go to a centralized institution (the library, the newspaper, tv) to get your information. After that everything was decentralized and information flowed freely.

>>381809853
Crypto currency will never, ever be big and main stream

>>381809605
The only way you can exchange crypto to USD legally is through an exchange like coinbase and they require identification. Those who don't is literally a lottery if they will scam you or not.

People here are just bullshitting. Just because you are seeing BTC when you mine does not mine you're profitting.

>>381809853
hahahahahahahahahahahaha

cryptotards, everyone

>>381809942
You can buy anything with BTC.
Buy a house, sell it for $. Is that so hard?

>>381809551
The way a currency has value is if people say it has value. It's the logic of the modern dollar. So a lot of people who wanted money decided something they made up was worth money. And they convinced other people it was worth money and that they could easily acquire it. And people, being greedy, jumped on the idea, verifying the idea of worth.

Basically, it's a pyramid scheme. Complexly, it's a bunch of monkeys on typewriters fundamentally undermining the integrity of the global economy, with the people in power doing nothing because they're technologically illiterate.

>>381810063
Okay. Tell me the steps on how you will do that.

>>381809942
so much for "anonymous"

>>381810132
1. Mine BTC for a few hours
2. Go to a marketplace
3. Buy shit with BTC
4. Sell shit to other people for real money

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>>381809917
>>381810038
You know that old uncle who's still beating himself up about "missing" the Microsoft and Google and IBM train back in the 90s?

That will be you in 10 years talking about crypto while wagecucking at McDonalds

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>>381798105
>dogecoin
someday, my sweet

cryptocurrency is the best videogame i've ever played

>>381810246
You're a huge idiot.

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>>381798497
What does gen Z mean?

>>381804031

>No job interview
>Little social interaction.
>Tons of money.

Easier if you can get it rolling.

> The only people buying bitcoins are investors buying from other investors hoping to sell later to new investors for a profit
It boggles my mind how bitcoins continue to raise in price.
Is everyone banking on a normie breakthrough that will have millions of normies rushing to buy bitcoins overnight?

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I have a RX 480 8gb and they are going for 700+$ in canada

since I don't even play video games anymore really should I just sell it and bring out my old 7850 2gb untill things get back to normal?

I originally bought my rx480 for 400$ so ill be making a nice profit

>>381810378
newest gen of pokemon games, named because of Z moves

>>381809726
you mean like:
>a does job for b
>b doesnt want the state to know
>b pays a in bitcoins
>a changes bitcoins at c who is paid by b in real and clean money
>nothing can be traced

did i get it right?

>>381798497
t. gen z

why would you put money into something that has zero backing from any government?

The rug could be pulled from under you at any minute and you're left penniless.

These prices aren't a problem if you bought ETH in January and sold above $400 because you weren't fucking retarded.

You people deserve to be poor.

>>381810184
all bitcoin transactions are public

over 90% of all existing bitcoin is sitting somewhere outside of circulation, and if cashed out will crash the entire market

china has almost 50% of all hashing power and can spend coins twice by saying their transactions never happened

no exchange will actually let you cash out, or at least at the value of the coin at the time

all exchanges are timed scams - no exceptions. as soon as they have a certain amount of btc in their company wallet they will cease to exist and run away

mining altcoins is a waste of time since altcoins are mostly backed up by btc, which is worthless

btc is backed up by people willing to exchange btc for money - nothing else

nobody in this thread actually knows how bitcoin works what will happen to it in the future

ethereum is also a scam like btc

the whole thing will be banned by the gov soon so it doesnt matter

just buy a gtx 1080 ti, why wouldnt you get the best for something you will use every day for many hours

>>381810249
Like tulips right?

>>381810447
>It boggles my mind how bitcoins continue to raise in price.
it shouldn't, bitcoin is proof of work
people are competing to get the supply, they spend money on electric cost and hardware to obtain new supply

the more it costs to get the supply, the more the supply is worth

Is dogecoin popular now ?

I mined like 400k back in the day

How much is that now

>>381810249
You really think that the people who own our currency today will just let crypto currency get big? You're a fucking lunatic

>>381810685
or madoff's brand new investment plan with a guaranteed 10%+ interest a year

>>381810447
First you have to read up on the underlying technology behind crypto. It is here to stay and it will revolutionize many sectors in the coming decades.

Right now we are really in the infancy stage, it's kinda like the Internet in 1990. Everyone thought it was a cool gimmick, almost no one realized how far reaching the tech would be. Anyone who realized the potential of the Internet back then is living his life on yachts snorting cocaine off hookers assholes now.

The big big money in any major paradigm shift is made by the early adopters. As long as you get in the game now you will be up huge 10 years down the road.

>>381810758
tree fiddy

>>381810654
>mining altcoins is a waste of time since altcoins are mostly backed up by btc, which is worthless
you mine what you can get, just sell it immediately if you don't have faith

>>381810758
400k doge is worth about 0.44 btc/$1100 right now
it would probably be safe to trade to btc and sit on that, then buy back into doge in a few months if you felt like it when the shitcoin crash ends

>>381810795
You clearly have no understanding about what you are spouting.

Maybe try actually reading about the technology so you understand why it cannot be stopped.

>>381810880
> Fake internet monies controlled by china are the new internet
Imagine being this delusional.

is bitcoin still viable?

>>381811004
It will never be legal tender. If it gets too big it will be illegal to use at all in any legal capacity

>>381810880
>infancy stage
lmao, it's almost at the end of its life, when people will understand that it's basically impossible to profit anymore for the average Joe it will crash one day or another

>>381811025
I'm clearly wasting my breath with regards like you.

>>381809853
>>381810249
Lol! The only one making bank off this is the ones selling computer parts to retards like you. There is a old saying: in a gold rush sell shovels. The only reason anyone should bother with cryptocurrency shit is if you are buying stuff that will get you arrested

>>381810450
got my 480 for $175 during black friday last year

say a 560 for $189 i'm assuming some kind of pre 4th deal or something


Should I have bought it? why is Best Buy so based? or Rather AMD for having reasonable prices

>>381810304
I already make like a hundred bucks by buying weed from BTC and selling it to some kids at school. Who's the idiot now?

How bad of an idea is to sell my gtx 960 now?

>>381804384
>wanting a playstaton for mining
At least the Xbone can be made into a dev kit and you could work from there.

>>381808479
care to list some of those coins, anon?

>>381811263
If you can sell it for profit to miners, then its worth it

>>381810654
this desu
I'm afraid of going big in some crypto and then finding it too difficult to actually cash out

I don't trust anyone

>>381811124
Yeah just like it was illegal to download music off the internet.

Until the retards realized they couldn't stop it and had to adapt to it.

You're probably too young to know any of this, but if you said to someone in 2000 that 10 years later you'd be able to stream music and movies on the internet he'd say you're crazy.

When something big, that changes the game completely, comes around... there's no way of stopping it. You either embrace it and adapt or you get left behind in the annals of history.

>>381807034
So....start buying ETH?

>>381811259
Only use-case is illegal stuff. Yep.

>>381811469
Maybe when it's sub $100.

>>381811406
You're dealing with real money here, not some stupid britney spears songs.
You're a fool if you think the government would willingly give up their tight hold on the US dollar in favor of some shitty anonymous currency.

>>381811406
You're a retard and have no idea how culture's change. In 2000 of course people knew music and video would be streamed on the internet. You probably don't know that because I doubt you were alive. The fact that you think you're a bit coin early adopter and not 7 years late to the party tells me everything I need to know about how retardedly uninformed and delusional you are

>>381810463
From my understanding, yeah. I'm pretty sure you could use it to launder money too

>>381810654
>as soon as they have a certain amount of btc in their company wallet they will cease to exist and run away
I'm not sure I understand. Wouldn't they then use their bitcoins to invest or buy other stuff/services? Why would they just stockpile the coins and leave?

>>381810654
>no exchange will actually let you cash out
>all exchanges are timed scams [...] they will cease to exist and run away
So apparently BTC is worthless and you cannot turn it into real life money, and yet professional scammers risk getting caught just to get away with your BTCs. Which is worthless.

Somehow your story doesn't add up.

>>381811406
It's trivially easy to kill cryptocurrencies. You crack them and flood the market until they're valueless.

>pc with 780ti
>ps4 slim
I'm gonna make it.

>>381811406
>if you said to someone in 2000 that 10 years later you'd be able to stream music and movies on the internet he'd say you're crazy.
you're off by a few years, realplayer came out in like 1998

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>>381811680
>You crack them

This board really is the most retarded thing that has ever existed. Full of idiots spouting anything that comes to their peanut brain without actually have any knowledge about what they are talking about.

When the fuck is this price hike going to end?
Now I can't buy a new GPU because the prices are ridiculously high.

>>381810996
>$1100

What the fuck, it was like $40 then.

Can I change that into real money?

>>381811854
When people realize that they paid $800 for a buttcoin miner to make $50 a month minus $60 electricity bills.

>>381811625
>>381811670
theyre not professional, theyre retarded
just read about mt gox

Would it be worth it to sell my r9 290, or are those prices normal still?

>>381811854
Some local stores I know have a mandatory 1 per person rule and they are still selling fast. Maybe when Vega comes but you know vega will be the one that will be fucked hard next.

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>>381811849
>>>/biz/

return to your echo chamber

>>381797098
welcome to Canadian pricing

>>381811854
Either when bitcoin crashes or AMD/Nvidia go out of their way to make mining impossible or make a different line of cards exclusively for gaming that make mining impossible

>>381812018
Because most of them are hodling. That's the only way you can profit if you're a small miner.

>>381811854
pretty soon, the shitcoin insanity only lasts for a few months at a time before despair happens
there will be tons of used cards being liquidated by autumn

it's profitable now, like double the electric cost you put in, but it won't be for long

>>381811961
changing it to real money is a pain, but you can exchange it to btc and buy a bunch of giftcards at egifter or store credit for steam/newegg/overstock in like 20 minutes

>>381812106
>just read about mt gox
I never followed bitcoin news, so this is new for me. But back then even I heard about Mt Gox, which was supposed to be the big, trustworthy exchange. So it was just a big scam.

Okay, you convinced me. BTC is just scammers scamming idiots who thought they could just generate passive income for the rest of their lives.

>>381812018
cause you're retarded and they're mining ethereum

>>381812018
I was going to build my PC next month but the prices for GPUs are ridiculous.
A 6 GB 1060 was $230 and now it's $270. I hope something really shitty happens to cryptocurrency miners.

Where do you even go to instantly sell all your ethereum for, say, paypal?

It's always easy to BUY cryptos, but turning them back into hard money...

>>381812446
>BTC is just scammers scamming idiots who thought they could just generate passive income for the rest of their lives.

Literally how all modern currency works. Sort of shows the incompetency of those in power and the lack of any actual coherent world conspiracy.

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>tfw Russian
>top bideo cards were around $1000
>now gone completely
So this what 80-90s were like.

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>>381812424
Thanks senpai, sucks that I can't get real money out of it. That's like a three month salary here.