"Bad time to buy a PC?"

[Gladman]

Bitmaster I have my opinion, I've stated it and I have no desire to continue this discussion. There is no need to persue it further, we can agree to disagree.

[David OC]

I didn't bring that up, but my take on it is: if you use your own PC for mining while you don't play, I still think it's a bad use of energy, but hey, you had me at central heating and the fact that I like it warm. ;)

 

What I consider destructive is the people, or companies, that actually buy cards for the sole purpose of mining, stuffing hundreds and thousands of these things into data centers in places where electricity is cheap, in order to make money. I think that's one way of showing just how stupid capitalism can make people. There's exactly no gain for society (which is actually the opposite of what capitalism was supposed to be about) while the consumption of limited resources keeps skyrocketing. This only benefits those who take mining to never-ending extremes, no matter the cost that all of us have to pay in terms of pollution and use of fossil fuels.

 

Some real good could also come out of this too, I've invested a few thousand into power crypto's, Wepower and Power ledger.

 

1 thousand of that money was going to go into a 1080ti, so instead of mining, like BitMaster has pointed out, I invested. Now I could buy two cards+ if I sold the coins.

 

It's not just to make some money on the side, I also really want to see these types of companies succeed, they have the potential to make a big difference in the world using the block chain tech in the power industry.

 

Other than that, no thanks, I don't need my PC running all day and all night. While I'm not good at it, I do believe saving energy is the way to go until such a time that we're able to harness a never ending source of energy. ;)

 

We just installed a 200 panel / 60kW system at work, that's 90,000 kwh per year (lots on sun here in oz), perhaps I should get into mining lol.

 

It will take three years to pay off the system(20k x 3), if I could get the CEO into mining, possibly one year lol.

 

On a side note, when is ED launching their ICO for the DCS coin ;), so many ico's, every man and his dog is jumping in, you can see why tho. Companies like Wepower hit there ICO of 40 million at launch in around 5 hours!

 

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Edited February 27, 2018 by David OC

[Bwaze]

AMD GPU Shipments Increased Big Time in Q4 2017, NVIDIA and Intel Decline – Over 3 Million Graphics Card Sold To Crypto Miners in 2017

 

 

How come Nvidia's market share is falling, is AMD making cards faster than Nvidia? Is Nvidia screwed by memory chip makers, they can't get GDDR5 while AMD has no problem with their HBM?

 

 

The report also states that 3 million discrete graphics cards were consumed by miners alone during 2017 which amounted to $776 million in sales.

 

That's... More than all combined value of all cryptocurrencies?

 

Anyway, it looks like this won't blow over fast. :noexpression:

[David OC]

AMD GPU Shipments Increased Big Time in Q4 2017, NVIDIA and Intel Decline – Over 3 Million Graphics Card Sold To Crypto Miners in 2017

 

How come Nvidia's market share is falling, is AMD making cards faster than Nvidia? Is Nvidia screwed by memory chip makers, they can't get GDDR5 while AMD has no problem with their HBM?

 

The report also states that 3 million discrete graphics cards were consumed by miners alone during 2017 which amounted to $776 million in sales.

 

 

That's... More than all combined value of all cryptocurrencies?

 

Anyway, it looks like this won't blow over fast. :noexpression:

 

No, crypto's are here to stay, I do hope they start making more dedicated cards to suit the coin market.

 

That's... More than all combined value of all cryptocurrencies?

 

A big no...:cry:

 

coinmarketcap.com

 

If you divide Market Cap with the circulating supply, you have the cost of a bitcoin.

 

(181 Billion) just for the bitcoin market for the moment.

 

 

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Edited February 27, 2018 by David OC

[John Hargreaves]

This is a fascinating topic. When Nvidia releases the next graphics card, will the 'evil miners' flood the market with used 1080ti cards? Does it work that way, and would a second hand card be a bad buy due to being worn out by the aforementioned evil miners?

 

 

(I'm not really accusing miners of being evil, just joking)

[BitMaster]

On my final days till next payday :) >270€ since I started last Xmas, 1 GPU.

 

Guys, if you own a BIG FAT GPU and dont mine...DONT MOAN EITHER !

 

You either get going and be a hunter or sit and wait till others bring the long dead duck back home.

 

I am a hunter !

[John Hargreaves]

So when you play games do you pause the mining process? Or do you have a separate rig for DCS?

[BitMaster]

So when you play games do you pause the mining process? Or do you have a separate rig for DCS?

 

Same rig, 1 for all my needs

[John Hargreaves]

Good on you for the 'if you can't beat 'em join 'em attitude'. I don't think individuals have affected the prices of graphics cards as much as the farms that use hundreds at a time.

[BitMaster]

Forgot, yes, for DCS I do stop the miners.

 

For minecraft I do not, it still gets 60+ fps with all-in at WQHD, Gsynced too.

 

Mining is very little stress, 38°C GPU, CPU...dunno...waiting on the silicon to harden , delidded it 30min ago. I hope in the 30s°C for cpu as well.

 

Mining is the opposite of Overclocking, miners Undervolt :thumbup:

[cichlidfan]

It is still a waste of time. One share of Amazon stock has appreciated more, since Christmas, than you have made by mining. Plus the fact that I don't have to turn off my investment's growth if I want to play DCS.

[Pilotasso]

People are craving for 2 year old 1080's even RX580's for a premium in the face of new launches. Unthinkable, how things have changed.

[BitMaster]

It is still a waste of time. One share of Amazon stock has appreciated more, since Christmas, than you have made by mining. Plus the fact that I don't have to turn off my investment's growth if I want to play DCS.

 

Ja, you got me ! :gun_sniper:

 

I could buy amazon from BTC...could I ???? :megalol:

[cichlidfan]

I could buy amazon from BTC...could I ???? :megalol:

 

Not easily, which is yet another issue. BTC is not as liquid as other investments.

[BitMaster]

Hmmm,

 

you ruin my plan:cry:

 

oh wait...:doh: ck sells hardware for btc :music_whistling:

[cichlidfan]

Hmmm,

 

you ruin my plan:cry:

 

oh wait...:doh: ck sells hardware for btc :music_whistling:

 

As long as it works for you, that is fine. Personally, I prefer to be able to shift investments instantly, and directly, and in cash.

 

Of course, you are much younger than I so it makes sense that I am more risk averse.

 

I also hope that you realize that I am mostly giving you a hard time. As long as you manage to increase your wealth it is a good thing. :)

[David OC]

It is still a waste of time. One share of Amazon stock has appreciated more, since Christmas, than you have made by mining. Plus the fact that I don't have to turn off my investment's growth if I want to play DCS.

 

Throwing a few dollars on these coins can yield good results when there down too, I went in that direction instead of mining.

 

I don't recommend it for the faint hearted tho;) she is one wild ride.

 

Just Last month play in crypto (Litecoin) 16 days, it can certainly be a volatile market.:cry: 100%+

 

[cichlidfan]

Throwing a few dollars on these coins can yield good results when there down too, I went in that direction instead of mining.

 

I don't recommend it for the faint hearted tho;) she is one wild ride.

 

Just Last month play in crypto (Litecoin) 16 days, it can certainly be a volatile market.:cry: 100%+

 

You only make money if you sell high. I have been holding Activision/Blizzard for years but it is now worth seven times what I paid. It could drop by half and I would still have a significant profit.

 

Investing in any highly volatile stock is risky.

[Gladman]

CAE and Mastercard are both excellent stocks that pay dividends and constantly increase. I can't see anything more valuable than that when it comes to residual income.

[David OC]

You only make money if you sell high. I have been holding Activision/Blizzard for years but it is now worth seven times what I paid. It could drop by half and I would still have a significant profit.

 

Investing in any highly volatile stock is risky.

 

I do have a few normal shares;)

 

Got in on Power Leger in November last year at the 10 cent mark, sold a few at the 1.60, some of the ROI's in crypto's are just Crazy.

 

https://coinmarketcap.com/currencies/power-ledger/

Holding a few others long term, always cashing 50% of crypto back into fiat currency to be safe, sell and move.:D

 

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[cichlidfan]

CAE and Mastercard are both excellent stocks that pay dividends and constantly increase. I can't see anything more valuable than that when it comes to residual income.

 

There are lots of great stocks out there. Any of them will beat the mining fad over the long term.

 

My retirement income is based on my investment portfolio, and nothing else. If I, or my investment managers, really thought BTC or other cryptos would provide a significant advantage, I would be there.

[David OC]

It's not all about Bitcoin, Bitcoin is only the "hype".

 

I'm interested in the technology, the 2nd and third gen coins will do, look at all the things going to be built with this underling tech, take NEO for one, they have so much stuff going on, this is one coin I will be holding onto.

 

There are also some really good ideas that I have backed, coins like Wepower, they have a lot of backing, they are even part of the Australian energy track program.

 

This is why I'm investing, not for the hype of the one coin, the 1st gen granddaddy coin.

I'm investing in what this underlying technology can do in the future.

 

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[cichlidfan]

Notice, I did say 'BTC or other cryptos'. I have no doubt that you are doing well. I think we have two completely different outlooks and strategies. Both can be successful.

 

I am financially conservative with most of my portfolio. I have about 100k that I consider 'play money', invested just to see what happens, and the rest is tied to tried and true investments since I have to live on their results.

 

I lost my ass between 1998 and 2008 on various investments. I held a number of 'apparently' failing stocks that turned around. There were others that did not.

 

If you feel comfortable with the inherent risks in crypto, then I wish you well. I don't feel comfortable so I stay away.

Edited March 2, 2018 by cichlidfan

[David OC]

Yep, you do need to be careful:thumbup:

 

Just adding to my portfolio;), only mostly in the main, what I call base crypto's, not risking anything that I'm not willing to lose, some do have good potential I believe. I already have all my original fiat currency plus a profit, I will leave the rest invested in the crypto's I believe in.

 

I've had a few decent wins, nothing like some out their that got in real early on some of these coins, like the Australian Fitness Instructor bought 5000 Ethereum for $2,000 in 2013, he even forgot about having the coins!, probably a good thing, he would have sold to early like many did with bitcoin on it's way to 20K.

 

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Edited March 2, 2018 by David OC

[Gladman]

A buddy of mine put 20k in on a crypto and came out smiling but he was scared to death for the entire time it was in there and said he'd never do it again. The closest to gambling he's ever done with investments.

 

I get that there will be a time for it as you say David but for now I go with the cichlidfan approach. :)