they are mining right now because they think they will resell whatever they mine for alot higher, its lost 50% of its value already
They are not mining for new bitcoins. They are mining for transaction fees, which is currently a lot thanks to everyone panicking.I'm not really understanding this. Wouldn't it make less sense to mine now that the price is lower? If 1 BTC is $10,000, (and for the sake of argument, I'll use imaginary numbers) and it costs $100 on your electric bill to mine .01 Bitcoin, that means that you spend $100 to make $100. If Bitcoin were worth $20,000, spending the same money on electric would get you $200, or a 2x return on your money.
GrossAt least I figured out WHY you cannot even BUY a GPU in Canada. https://www.reuters.com/article/us-...eye-sites-in-energy-rich-canada-idUSKBN1F10BU
Oh well. Guess I should just give up on PC gaming for the foreseeable future.
SegWit2x was supposed to fix this, wasn't it?I used to hate the Lighning network idea because it sounded like fraud, but if it's put into place it will repair Bitcoin's liquidity and deincentivize mining by eliminating transaction fees. Seems to be coming out soon, finally.
On the bright side they have enough sellthrough that they can afford to invest in VEGA 2I've been waiting to upgrade my GPU for over a year now. I'm hoping AMD's next release is a lot more optimized and there's enough to go around.
You can that Apple for that one. They bought up most of the chips that are used on ram for their stupid ass iPhone 8 and iPhone x. Newegg is selling some 32GB ddr4 2800 packs for $300 right now on ebay tho.RAM prices too, it's a bad time to build a pc.
Bitcoin just crashed, so miners are trying to mine the shit out of it to gain bitcoin while it's cheap, hoping it'll peak again soon
Why can't they buy the miner cards? I mean leave the consumer gpus for the ones who actually use them for gaming/hd/4k not mining fucking cypto money
Because all of those have been cleaned out already
SegWit2x was supposed to fix this, wasn't it?
I used to hate the Lighning network idea because it sounded like fraud, but if it's put into place it will repair Bitcoin's liquidity and deincentivize mining by eliminating transaction fees. Seems to be coming out soon, finally.
Correct, but a lot of mainstream mining pools allow users to convert to Bitcoin for payoutsNo one mines Bitcoin with GPUs anymore and that hasn't been a thing since ASIC miners were created many years ago.
Not true, I recall XFX came out with a special custom card with no video outputs specifically for miners. Pretty sure it was based on an RX 480 8GBCan't clean them out if they do not exist yet. The closest ones to come into existence were just prototypes announced that were just regular consumer GPUs with higher quality fans that won't burn out as quickly from running at 80%-100% fan speeds 24/7
Unfortunate(tm)SegWit2x was a Bitcoin hard fork and as stated above, Bitcoin doesn't use GPUs to mine. SegWit2x was also never released due to the fact that the community did not want it since Segregated Witness was already released and it would have been a centralized effort by a few companies to try and take over the decentralized Bitcoin network in a hostile fashion. Lack of support for the movement left it dead in the water.
Not true, I recall XFX came out with a special custom card with no video outputs specifically for miners. Pretty sure it was based on an RX 480 8GB
You can that Apple for that one. They bought up most of the chips that are used on ram for their stupid ass iPhone 8 and iPhone x. Newegg is selling some 32GB ddr4 2800 packs for $300 right now on ebay tho.