Personal computing discussed
Moderators: renee, morphine, SecretSquirrel
Glorious wrote:The difficulty bomb at block 4,000,000 (or any of the previous ones) evidently wasn't factored into any of the profitability calculators, which gave miners an even more unrealistic picture than normal.
Glorious wrote:The difficulty bomb....rather a huge increase of difficulty
TwistedKestrel wrote:Just checked the local classifieds and there are a LOT of BNIB of RX 580s for sale, price hasn't seemed to adjust yet. So many are BNIB that I frankly don't understand what's going on, were people hoarding them? Or are they actually used & re-shrinkwrapped? Some people are just selling their whole mining rigs.
TwistedKestrel wrote:Just checked the local classifieds and there are a LOT of BNIB of RX 580s for sale, price hasn't seemed to adjust yet. So many are BNIB that I frankly don't understand what's going on, were people hoarding them? Or are they actually used & re-shrinkwrapped? Some people are just selling their whole mining rigs.
Glorious wrote:I think they made a mistake in labeling the y-axis. The difficulty bomb at 4mil blocks was ~20%
yeti wrote:Used graphics card from mining....YMMV.
I only trust ones from known sources.
chuckula wrote:Looks like the inevitable mining crash is happening but this purportedly won't bother Nvidia and AMD: https://www.thestreet.com/story/1422314 ... rices.html
About $600 million has been spent on chips for mining Ethereum so far this year, with roughly $400 million of that coming from the last three-and-a-half months, Steves noted. The Ether rally in June is likely priced in to the chip companies' second quarter expectation; after that, there will probably still be demand, but it won't be as significant as last month, especially if the price of Ether continues to drop.
Looking for Knowledge wrote:When drunk.....
I want to have sex, but find I am more likely to be shot down than when I am sober.
DPete27 wrote:These bubbles happen so fast it amazes me that people can actually buy a slew of GPUs and mine long enough to pay them off before it crashes.
Looking for Knowledge wrote:When drunk.....
I want to have sex, but find I am more likely to be shot down than when I am sober.
DPete27 wrote:These bubbles happen so fast it amazes me that people can actually buy a slew of GPUs and mine long enough to pay them off before it crashes.
southrncomfortjm wrote:
I think what you end up with are a bunch of disappointed people. Shoot, the guy that bought my GPU was heading for a $560 mistake before he returned it. The mistake only cost him about $112 after my 20% restocking fee.
So technically I've made $120 off mining. Technically.
Looking for Knowledge wrote:When drunk.....
I want to have sex, but find I am more likely to be shot down than when I am sober.
Heiwashin wrote:southrncomfortjm wrote:
I think what you end up with are a bunch of disappointed people. Shoot, the guy that bought my GPU was heading for a $560 mistake before he returned it. The mistake only cost him about $112 after my 20% restocking fee.
So technically I've made $112 off mining. Technically.
You made more than most I'm sure.