Topic: GPU scarcity finally going away? (Read 472 times)
I have 6 different rigs mining with the power from the sun and at night I switch to lithium ion solar batteries, it's been a long time coming and now I have achieved this goal, I forever want to be a crypto miner but electricity was my biggest challenge since grid power is so bad in my country that we get grid power 2 to 4 hrs per day, I don't have any worries if bear market comes mining goes on
Philipma1957 you are the reason why I still mine till date, others are trying to hard to discourage new miners, putting fear of bear market on us like we will end up selling our miners since profitability will reduce alot but who cares? If I can make 2 ETH in bull market and 4ETH in bear market doesn't that makes bear market superior? ETH - USDT is what looks wrong in bear market but for how long? After bear there is bull.
And who paying your bills in bearmarket? Miner must use there reward to pay the bills and in bearmarket maybe you get more ETH, but you must also use more of your mined ETH to pay the bills in bear market
or is your electricity "free"?I don´t understand what philipma is calculating all day long. In his mind all cards with 2x msrp will pay back in less than a year and thats impossible.
Philipma1957 you are the reason why I still mine till date, others are trying to hard to discourage new miners, putting fear of bear market on us like we will end up selling our miners since profitability will reduce alot but who cares? If I can make 2 ETH in bull market and 4ETH in bear market doesn't that makes bear market superior? ETH - USDT is what looks wrong in bear market but for how long? After bear there is bull.
To me it doesn't look like mining with GPUs will fade away this year unless a heavy bear market takes over the market, if ETH goes down to 2500$ then it's trouble for miners but anything over 3000$ is still fair enough to me so don't get your hopes too high
Over the past 7 years, mining has been the best business to invest in. The return on investment took from 5 months. It is difficult to find a similar business without considering an illegal business.Businesspeople who see this as the future are now investing in solar, wind and other green energy options.
And the profit of small miners strongly depends on the cost of electricity in their home.
yes we have been able to build
a 45 kwatt solar array
a 115 kwatt solar array
a 280 kwatt solar array
440 kwatt is grid tied so
440/5 = 88
440/6 = 73.3
73 to 88 kwatts 24/7/365 of cost free power
we will be trying for a bigger solar array in 2022 or 2023
goal is to have 2 megawatts which is
2000/5 = 400.00
2000/6 = 333.33
333 to 400 kwatts 24/7/365 of free power.
Are you saying it's possible for ETH to grow over 4k in 2022? I think that's impossible because crypto have already grow so much higher than what we've seen in crypto history, there must be time for retraces in value, saying ETH can go 6k means bear market isn't ever going to happen which sound too good to be true to me
Why not? ETH used to be $9. If it went as high as $4k before, it certainly can go even beyond that. Everything is in the real of possibilities. Maybe it will go down for a while in the short term but if you are a long term investor you shouldn't care about it. If you are after a quick hit and run, now is probably not the best time to play games like that.
To me it doesn't look like mining with GPUs will fade away this year unless a heavy bear market takes over the market, if ETH goes down to 2500$ then it's trouble for miners but anything over 3000$ is still fair enough to me so don't get your hopes too high
Over the past 7 years, mining has been the best business to invest in. The return on investment took from 5 months. It is difficult to find a similar business without considering an illegal business.Businesspeople who see this as the future are now investing in solar, wind and other green energy options.
And the profit of small miners strongly depends on the cost of electricity in their home.
Buying gpus are not an act of gambling.
What matters is your ability to mine if the market crashes.
So if you have cheap power buying gpus in 2021 was not gambling.
What matters is your ability to mine if the market crashes.
So if you have cheap power buying gpus in 2021 was not gambling.
gpu prices at msrp I agree.
Yeah legit sellers and warranties are important.
All my gear is located in a large rendering farm.
My dead gear for all of 2021 and 2020 = 2 AMD GPUs out of 200 gpus. Both sent me an rma quickly.
I also had 2 or 3 dead fans.
Asic mining is far riskier since warranties = shit.
To me it doesn't look like mining with GPUs will fade away this year unless a heavy bear market takes over the market, if ETH goes down to 2500$ then it's trouble for miners but anything over 3000$ is still fair enough to me so don't get your hopes too high
Buying gpus are not an act of gambling.
What matters is your ability to mine if the market crashes.
So if you have cheap power buying gpus in 2021 was not gambling.
What matters is your ability to mine if the market crashes.
So if you have cheap power buying gpus in 2021 was not gambling.
gpu prices at msrp I agree.
Sounds nice hearing from you that BTC can still reclaim 70$+ before we see new bear market but so far I've made back my money from mining rig I'm glad I took the bull by its horn in mid 2021 by buying GPUs and building rig myself
Too many traps in this market, this is the wild west of all markets, can win big or/and lose big, it was not recommended to buy gpus mid 2021 but you gambled anyway and you gambled right this time, that is how gambling is, you win some and lose others. The good thing about this market is that is 50%/50% chance, so gambling in this is not as bad like in casinos. I'm still gambling 40% of my money in cryptos, 60% is safe. I have tons of ravencoin because the halving is next week, so I'm expecting price to rise at least 80% and then start crashing again if btc does not go up.
Buying gpus are not an act of gambling.
What matters is your ability to mine if the market crashes.
So if you have cheap power buying gpus in 2021 was not gambling.
Sounds nice hearing from you that BTC can still reclaim 70$+ before we see new bear market but so far I've made back my money from mining rig I'm glad I took the bull by its horn in mid 2021 by buying GPUs and building rig myself
Too many traps in this market, this is the wild west of all markets, can win big or/and lose big, it was not recommended to buy gpus mid 2021 but you gambled anyway and you gambled right this time, that is how gambling is, you win some and lose others. The good thing about this market is that is 50%/50% chance, so gambling in this is not as bad like in casinos. I'm still gambling 40% of my money in cryptos, 60% is safe. I have tons of ravencoin because the halving is next week, so I'm expecting price to rise at least 80% and then start crashing again if btc does not go up.
GPU = money printer
Money printer value = depends on how much money it prints.
Scarce or not, the ability to generate money (less electrical cost) determines value.
As long as people see them as money printers, it will be scarce. Everyone wants money printers.
Money printer value = depends on how much money it prints.
Scarce or not, the ability to generate money (less electrical cost) determines value.
As long as people see them as money printers, it will be scarce. Everyone wants money printers.
yep
and you can mine to anonymous addresses and hodl the coins for a few years.
then cash and pay tax.
huge value.
GPU = money printer
Money printer value = depends on how much money it prints.
Scarce or not, the ability to generate money (less electrical cost) determines value.
As long as people see them as money printers, it will be scarce. Everyone wants money printers.
Money printer value = depends on how much money it prints.
Scarce or not, the ability to generate money (less electrical cost) determines value.
As long as people see them as money printers, it will be scarce. Everyone wants money printers.
Yeah and that money printing machine will soon be going through a serious devaluation hehe, I'm patiently waiting the last bulltrap, last cycle, peak was in january 2018 and then the last bulltrap was in march 2018, right now I see no difference, the question here is, if the last bulltrap will be a little bit above 69k or just up to 60k. I still have my numbers at 79k to 89k.
GPU = money printer
Money printer value = depends on how much money it prints.
Scarce or not, the ability to generate money (less electrical cost) determines value.
As long as people see them as money printers, it will be scarce. Everyone wants money printers.
Money printer value = depends on how much money it prints.
Scarce or not, the ability to generate money (less electrical cost) determines value.
As long as people see them as money printers, it will be scarce. Everyone wants money printers.
Yeah and that money printing machine will soon be going through a serious devaluation hehe, I'm patiently waiting the last bulltrap, last cycle, peak was in january 2018 and then the last bulltrap was in march 2018, right now I see no difference, the question here is, if the last bulltrap will be a little bit above 69k or just up to 60k. I still have my numbers at 79k to 89k.
GPU = money printer
Money printer value = depends on how much money it prints.
Scarce or not, the ability to generate money (less electrical cost) determines value.
As long as people see them as money printers, it will be scarce. Everyone wants money printers.
Money printer value = depends on how much money it prints.
Scarce or not, the ability to generate money (less electrical cost) determines value.
As long as people see them as money printers, it will be scarce. Everyone wants money printers.
No one know what the market is going to look like next year. The global markets are all detached from reality and running on speculation and fear. The Crypto market more so then others. People are watching all the i bought a lambo videos on youtube, running out and buying GPUs. Have you seen discord lately everyday people saying I got a GPU how do I mine. These are people that have no idea what mining is or how to even assemble a computer but they are buying GPUs because they all want a lambo.
Yeah, trolls should be very careful, being greedy is good, too greedy is not good, gamble only what you are willing to lose, because what I can see is death, misery and trolls crying it out saying to themselves "why I did not sell", The last bulltrap is close, so if you have not sold yet then do not miss your last opportunity. There is still hope for you hehe
Ok troll.
No one know what the market is going to look like next year. The global markets are all detached from reality and running on speculation and fear. The Crypto market more so then others. People are watching all the i bought a lambo videos on youtube, running out and buying GPUs. Have you seen discord lately everyday people saying I got a GPU how do I mine. These are people that have no idea what mining is or how to even assemble a computer but they are buying GPUs because they all want a lambo.
Yeah, trolls should be very careful, being greedy is good, too greedy is not good, gamble only what you are willing to lose, because what I can see is death, misery and trolls crying it out saying to themselves "why I did not sell", The last bulltrap is close, so if you have not sold yet then do not miss your last opportunity. There is still hope for you hehe
No one know what the market is going to look like next year. The global markets are all detached from reality and running on speculation and fear. The Crypto market more so then others. People are watching all the i bought a lambo videos on youtube, running out and buying GPUs. Have you seen discord lately everyday people saying I got a GPU how do I mine. These are people that have no idea what mining is or how to even assemble a computer but they are buying GPUs because they all want a lambo.
It's not over for mining, demands will still come this 2022 and it looks like metaverse and web3.0 will take over this new year, I don't even think that bear will have a good chance like that of 2018 cos so many people are waiting for good dips to take advantage of.
The war of GPU isn't even over yet because Covid is out there and crypto market is still holding very strong, once the holidays are over the market might recover for the better which will make ETH mining remain profitable, I don't think GPU will be cheap
GPU-s are not going to be sold for cheap unless the profitability of Ethereum goes down really fast.So far it keeps going down but it is doing so very slow,in March 2021 I used to make 750 USD now I make 600 USD a month with my rig.That is still very much profitable if you ask me as we just pay near 70 USD energy.
Another thing that is keeping the prices high are the sellers of the GPU-s they know about mining and they keep selling even the RTX 3060 which sucks for mining near the 1000 USD price.
Inflation
All countries printing money:
NextGenerationEU
https://ec.europa.eu/info/strategy/recovery-plan-europe_en
Extra Tip:
buy Luna for fast cash.
All countries printing money:
NextGenerationEU
https://ec.europa.eu/info/strategy/recovery-plan-europe_en
Extra Tip:
buy Luna for fast cash.
The war of GPU isn't even over yet because Covid is out there and crypto market is still holding very strong, once the holidays are over the market might recover for the better which will make ETH mining remain profitable, I don't think GPU will be cheap
Whether GPUs become in high supply or decent supply doesn’t only have to do with ETH mining profitability. Due to covid and this Omnicron variant there is going to be more shut downs and possibly supply issues again.
So even if ETH trades sideways or goes down, the GPUs might be still hard to get. I remember back in late 2014 and late 2018 when mining was very unprofitable. I would go on Craigslist and eBay and check for decent deals and there were none, GPUs always seem to hold their value.
So even if ETH trades sideways or goes down, the GPUs might be still hard to get. I remember back in late 2014 and late 2018 when mining was very unprofitable. I would go on Craigslist and eBay and check for decent deals and there were none, GPUs always seem to hold their value.
Some have made large scores and want to shift the wealth to what they perceive as 'safe'
Others turned 100k into 5mil and this is most of what they have. They are very likely to pull a lot out soon. As they feel this was their 'big' score.
Others turned 100k into 5mil and this is most of what they have. They are very likely to pull a lot out soon. As they feel this was their 'big' score.
Yeah, time to lay low and keep that wealth. There will be other opportunities where they can score big again, right now I would gamble only 20%.
Yes, nobody has unlimited money, but there's plenty of money to enter crypto market, 2.2 trillions USD is not the peak, I really believe year after year cryptos will gain some percentage compared to stocks and in a few years market will be stronger, like 5 to 10 trillions USD
But yes, we can see a crash again
But yes, we can see a crash again
Reason there are cycles, time to time people earn more money and then reinvest that in things like stocks or crypto.
Some have made large scores and want to shift the wealth to what they perceive as 'safe'
Others turned 100k into 5mil and this is most of what they have. They are very likely to pull a lot out soon. As they feel this was their 'big' score.
Yes, nobody has unlimited money, but there's plenty of money to enter crypto market, 2.2 trillions USD is not the peak, I really believe year after year cryptos will gain some percentage compared to stocks and in a few years market will be stronger, like 5 to 10 trillions USD
But yes, we can see a crash again
But yes, we can see a crash again
Reason there are cycles, time to time people earn more money and then reinvest that in things like stocks or crypto.
Are you saying it's possible for ETH to grow over 4k in 2022? I think that's impossible because crypto have already grow so much higher than what we've seen in crypto history, there must be time for retraces in value, saying ETH can go 6k means bear market isn't ever going to happen which sound too good to be true to me
Of course it's possible to ETH reach more than 4k in 2022, why not?
The rewards in crypto is awesome because nobody knows what's going to happen in the future, even whales can be tricked by bigger whales or even retail
Yes, we can see retrace, we can see crashes, ETH can crash to lower than 400 USD again, it's possible, but we have the same chances to ETH hit 5k, 6k, or even 10k USD
Nobody has unlimited money to keep buying it, so if there is no hype anymore it will crash very hard.
Yes, nobody has unlimited money, but there's plenty of money to enter crypto market, 2.2 trillions USD is not the peak, I really believe year after year cryptos will gain some percentage compared to stocks and in a few years market will be stronger, like 5 to 10 trillions USD
But yes, we can see a crash again
This means difficult will catch up to it and then nobody will buy gpus to mine, making gpu price to drop little by little with the difficult, right now roi is very high around 500 days, that is around 18 months.
Well none of us know what will happen down the road.
At the moment we are down to 5 or 6 cents an mh.
on pools like viabtc.
But if coin skyrockets to 6k then 8k then 10 k in 2022 profits goes through the roof.
and if we stay in the 3500-4500 profits will drop.
Yeah agreed, i don't think this will keep sideways for a long time, meaning, staying around 3500-4500 then start going up again, yes it can happen for short amount of time, if nothing happens, then it has a great chance to crash than to go up, if in 6 months eth does not break 5k then gameover, back to 500 usd and lower. I'm still waiting to sell my last 20% on eth above 5k but if eth crashes lower than 3k then game over, I prefer to sell for 3k than to lose the opportunity and see eth crashing lower than 500 usd, right now still all right. I have seen some eth whales addresses selling some of their eth, I wonder why.
This means difficult will catch up to it and then nobody will buy gpus to mine, making gpu price to drop little by little with the difficult, right now roi is very high around 500 days, that is around 18 months.
Well none of us know what will happen down the road.
At the moment we are down to 5 or 6 cents an mh.
on pools like viabtc.
But if coin skyrockets to 6k then 8k then 10 k in 2022 profits goes through the roof.
and if we stay in the 3500-4500 profits will drop.
hash rate is at 985 th or
10 rtx a5000 = 1gh
10000. rtx a5000 =. 1th
9,850,000 rtx a5000 = 985 th
so 23,640,000,000 billion in nvidia rtx a5000 cards burning
2265.5 megawatts of power about ½ of the Niagara Falls hydro dam for the eth network if it was all Nvidia rtx a5000 cards
and this is earning 59,100,000 usd a day or 21,571,500,000 a year before power cost of 203,850 usd an hour or 146,772,000 a month or 1,761,264,000 a year
NOW think I spend 23.6 billion for the gpus. I spend 1.7 billion for power = 25.3billion add mobos and infrastructure I am 29billion in and I earn 21.5 bill year 1 = 7.5billion in the hole but in year 2 I earn 21.5 bill puts me at 14 billion profit the gear should last 3 years so at 21.5 to that and we are at 35.5 billion profit.
I used retail rates so big guys pay less they are salivating over this.
Look for POW to last longer. as ETH switching away kills off all of the above.
This means difficult will catch up to it and then nobody will buy gpus to mine, making gpu price to drop little by little with the difficult, right now roi is very high around 500 days, that is around 18 months.
Nobody has unlimited money to keep buying it, so if there is no hype anymore it will crash very hard. You trolls must understand that starting the bull market means people buy too much, if bull market is close to end then means people will sell too much, as we have the buying climax we will have a selling climax, meaning buying demand or selling demand is based on manipulation, hype and fear.
Crypto is ten times more demanding than before, everyone wants to be a part of it that's why I believe that the accumulation of crypto this year onward will be something we've never seen before that's why I believe that 2022 can be different though we all expect bear market to happen but if accumulation takes another phase bear won't live to see the light
Nobody has unlimited money to keep buying it, so if there is no hype anymore it will crash very hard. You trolls must understand that starting the bull market means people buy too much, if bull market is close to end then means people will sell too much, as we have the buying climax we will have a selling climax, meaning buying demand or selling demand is based on manipulation, hype and fear.
Now that mining profitability is decreasing everyday and crypto market is looking weaker will we finally be able to buy some GPU at cheap price in 2022? Will GPU scarcity finally reduce ? I heard about the upcoming RTX 4**** is this for real?
Testing the Nvidia RTX 4090 https://www.youtube.com/watch?v=0frNP0qzxQc
The new product line starts with the release of the most expensive video cards, if you are waiting for cheap low-budget versions from the analogs of the PTX 3050, then I think it will be in 2024.
that is a funny video
Crypto is ten times more demanding than before, everyone wants to be a part of it that's why I believe that the accumulation of crypto this year onward will be something we've never seen before that's why I believe that 2022 can be different though we all expect bear market to happen but if accumulation takes another phase bear won't live to see the light
Out of nowhere crypto may start going nuts again.
Oh yes, you're right
I forgot to say that, I only wrote about possible things to happen to reduce gpu prices, but there's a chance to prices go up in 2022 and scarcity become even worse
Let's say ETH continue to 4k USD, it's profitable and people will keep buying at this pace
But what if ETH jumps to 5k, 6k, 10k USD?
It's not impossible and these prices can create another spike
Now that mining profitability is decreasing everyday and crypto market is looking weaker will we finally be able to buy some GPU at cheap price in 2022? Will GPU scarcity finally reduce ? I heard about the upcoming RTX 4**** is this for real?
Testing the Nvidia RTX 4090 https://www.youtube.com/watch?v=0frNP0qzxQc
The new product line starts with the release of the most expensive video cards, if you are waiting for cheap low-budget versions from the analogs of the PTX 3050, then I think it will be in 2024.
Out of nowhere crypto may start going nuts again.
Oh yes, you're right
I forgot to say that, I only wrote about possible things to happen to reduce gpu prices, but there's a chance to prices go up in 2022 and scarcity become even worse
Let's say ETH continue to 4k USD, it's profitable and people will keep buying at this pace
But what if ETH jumps to 5k, 6k, 10k USD?
It's not impossible and these prices can create another spike
Now that mining profitability is decreasing everyday and crypto market is looking weaker will we finally be able to buy some GPU at cheap price in 2022? Will GPU scarcity finally reduce ? I heard about the upcoming RTX 4**** is this for real?
Out of nowhere crypto may start going nuts again. We can't really know what's going to happen. If you have enough money for a GPU don't wait too much and buy it. Even if crypto don't go up, prices will go up anyway because of the inflation. Don't delay your important purchases. The inflation rate in the US is 6%+. FIAT is losing its purchasing power very fast.
Hard to predict
ETH delayed difficulty bomb until june 2022, and at this price, people will continue to buy gpus
but we have to consider more things: new wave of covid, inflation, lack of supply, high costs of shipping etc
All of these above are causing insane prices, and honestly, I don't see a brighter future in a few months to buy "cheap" gpus yet.
About rtx 4xxx series, I heard some rumours about launch at october 2022, and even then we have no guarantee that there will be good availability of gpus to sell
you see, hard to predict something
ETH delayed difficulty bomb until june 2022, and at this price, people will continue to buy gpus
but we have to consider more things: new wave of covid, inflation, lack of supply, high costs of shipping etc
All of these above are causing insane prices, and honestly, I don't see a brighter future in a few months to buy "cheap" gpus yet.
About rtx 4xxx series, I heard some rumours about launch at october 2022, and even then we have no guarantee that there will be good availability of gpus to sell
you see, hard to predict something
Now that mining profitability is decreasing everyday and crypto market is looking weaker will we finally be able to buy some GPU at cheap price in 2022? Will GPU scarcity finally reduce ? I heard about the upcoming RTX 4**** is this for real?
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