Sure, sure, increasing the volume of offer has always led to price increase 🙂 We are to believe that samsung and apple are going to use bigass gddr5 chips in their mobile devices with super-dense boards. That HBM type memory doesn't exist, that gddr5x doesn't exist and that companies absolutely hate higher pricing, lower supply than demand that drives up their profits with no extra effort. sure sure...

Fox2232:

Thing is, that only way to stop GPU mining is reduced value of cryptos.

Why not. Take one human's livelihood or extra profit so that you can game cheaper. Assuming that your favorite company will then come empty with excuses to keep up the pricing, and not come up with more excuses to hike up the prices.

Fox2232:

What good would it do if both AMD and nVidia crippled their compute power per shader cluster to 1/2? Nothing, because crypto value is still too high and therefore profitable.

I say you are making too much money, meaning, working in your country is profitable. We should take that away from you. What is the value of your job anyway? It means nothing to me and most people therefore, your job is not relevant at all, at best, it's over payed by a 1000%. Because I say so.

Fox2232:

Its value has to increase ~800 times before it will be capable to serve as basic human to human transaction for whole world (just covering regular monthly bank account movements).

it's not meant to do that. But you can always buy a truck load of poopcoins (US Dollars) with it and do human to human transaction (why would you want to do that is beyond me)

Fox2232:

If it was to be used for real business too, its value would have to grow ~600,000 times.

it already is probably bigger business than company you work for or that you own. "It" has to do nothing. Especially not for people that hate it, don't like it, don't want it, etc. It is what it is. Going strong 9 years now. dotCom revolution lasted shorter and failed magnificently. The sheer amount of money wasted there, brilliant.

Fox2232:

How much would you have to cripple GPU to stop being profitable? And yes, many of those miners who believe in those final values of Bitcoin will mine even if it is not profitable at given time.

Very few people can afford to mine bitcoin. You could say that no one is mining BTC because 99.99% of miners don't mine bitcoin. You can't mine btc with GPU. At least get your facts about things you are talking about and hating on... edit: bitcoin was most profitable to mine when it was worthless because it made people rich a few years later. 😉

Fox2232:

Do you think that breaking your legs is best way to get wheels? I do not.

Well, that depends on insurance that one has doesn't it now? 😀 Cheers.

it's the other way around. I was being sarcastic. But keep in mind that the job you do is done by someone else in some other part of the world for 10x or 20x less money. But mining is payed the same everywhere in the world. It's the most honest thing on this goddamn planet atm. if you think I am stupid, fine. But the joke's on you.

D3M1G0D:

But mining does not increase the value of a coin - only trading does. The mining craze occurred because prices rose, not the other way around. Furthermore, if gamers mine coins and sell them then that will put downward pressure on the price.

Exactly what actually happened. You are right on the money.

No one answered my question. Will DRIVER SUPPORT for gaming for AMD get or even Nvidia get weak or shrink if a large group of customer's are Miners in the long run???????????? It would be a manufacturer's dream to just make cards that are for Mining instead of gaming.

How much can i make with my 1080 and when will i be able to afford a bionic arm.:D

Back when bitcoin had it's first GPU mining craze then aib things became popular. Then GPUs became better and aib weren't good anymore. Aaaaagh, just go away and stop trying to buy into this gold rush. My pc that I bought now 3 years ago would still cost just as much to get something equal to it! Ram has never dropped price. Glad I got 16gb at the time

gx-x:

Well, the cost of p104 and p106 are(were) 20-30$ lower from price of regular models. It's not about "balls" it's about re-sale value. "making money off of nothing" - banks do it every day for past 500 years. FED does it. Stock market does it. Miners at least have to buy hardware, pay electricity etc. I mean, I can't be the only one that thinks there is something wrong with the system that allows one government to be in debt (to a private company that issues money) roughly one trillion more every year? And we are talking about "Crypto scam" and "making money off of nothing" ? Man..... 😀 This is oversimplified but it's good enough for this argument, I think.

Yeah I completely agree with you, banks are doing the same, that's exactly why we have growing government deficits and they need to be in debt. The whole system is broken by it's design, and yes they ARE making money out of nothing. Just like miners are making money out of a system that mainly serves itself. Prove me wrong please, I don't mind being educated for the better, but what gets calculated by mining does not have any use outside of the crypto system, right? Banks at least give other banks / companies / people money to use, what do the miners do? Calculate mining transactions for their own gain and nobody's use except to drive up market capitalisation out of thin air, the hardware and electricity, but it's not related to your hardware, the money you put in. They are just trying to create an alternative, I know that, but as you put it, doing the same as our already broken system of banks and national debt doesn't make it right just because banks don't like it. It's just the same illness on a smaller scale.

D3M1G0D:

Mining is just like any other investment. The more money you put into it, the greater the rewards - and the greater the risks. GPUs are expensive (especially now) and will take months to pay off, even in favorable circumstances, and there are also running costs for electricity and maintenance. Of course the biggest risk of all is the cryptocurrency market itself, which can be extremely volatile and tank on a dime. This is the main reason why I advise against building/buying a mining rig, as the risks are just too great. There is no such thing as a risk-free investment, and mining is no different.

Well an investment that takes "months" to pay off is way faster and way more profitable than anything you can do in real life, except your giving out mobster loans. It's not even as bothersome as short time trading as you just set the rig up and let it run, do whatever you want, no more work needed to produce your "goods". You are right, it is like any financial investment, I do not say you are wrong with that. But it has way lower short term risk than anything else I know (again, feel free to educate me, I am here to learn too). As to the volatility of the crypto market, if you build a mining rig you basically have your money's worth in months, like you said. What's there to lose? You hardware will 99% run that long, and it's a system that basically has no ceiling (well, bitcoin does by limiting the coins in total, ETH for instance is endlessly minable, right?), so there actually is only the risk of the price of ETH or whatever you mine. And those are volatile, yes, but in practice it only makes you wonder if you pass your break even point after x months or x+2 months... the most of the investment you take to run that thing is electricity (see it like paying the costs for keeping your depot of shares and stocks at the bank). I guess the highest risk you can have is that you have a higher electricity bill, that you might have to resell your hardware for a lower price (I doubt you'll ever make a loss on that hardware + what you earned in mining). But you can make thousands and more of $ by that. If you go for traditional stocks etc. you can lose everything you put in for no gain at all... you can't build a mining rig that doesn't at least bring you a little bit of money. You can't go down to 0, nothing anymore once the rig did some cycles and produced some cryptos. I have yet to see a single report of a miner that lost money... you see daily reports of stocks that just take money with them when they crash. So it's easy to say that mining has a lot lower risk in reality. Although the gains you produce are volatile and change, you never go out with nothing until the bubble explodes. WHEN it does at some time in the future, if it ever happens, only the stupid ones still got their money in it (basic guide line in life: never be the first or the last at the party). Again, like I said, feel free to educate me and help me to learn more if I am wrong. But the way I see it, you can't do anything "wrong" and you can't lose all your money if you put it into mining. Also the gains are in no relation to what you put in in terms of money, so it's even more of a bubble than anything else. At least in the start real money was based on gold reserves and a national economy that guaranteed to pay any debts, with mining you just buy the rig, make money, not much more to see for me there.

https://www.cnet.com/news/iceland-big-bitcoin-heist-cryptocurrency-mining-computers/ 600 coins stolen lolz!