lol so many newbs flooding the forum asking same questions - page 2.

VyprBTC

full member

Activity: 350

Merit: 100

Quote from: slackert on June 13, 2017, 05:16:35 PM

There is no way this can sustain for mining. I went to Fry's today and the guy told me they sold 60 cards yesterday.......at one location. People are crazy dropping 6-10 grand and not knowing what they are doing.

LOL if it was Manhattan Beach location, he exaggerated a tiny bit - it was less than 60

nerdralph

sr. member

Activity: 588

Merit: 251

Quote from: Marvell1 on June 13, 2017, 10:11:56 AM

Quote from: nerdralph on June 13, 2017, 09:25:52 AM

Maybe they will, IF they have no more tweaks to do on the silicon, yields are up, and IF HBM2 supplies are solid. With the Rx 500 series being the 2nd rev of Polaris silicon on 14nm, yields should be much higher than vega, and 3rd party board makers all have designs and manufacturing capacity that they can likely ramp up. Although prices are up a bit this spring, GDDR5 is widely available and still less expensive than HBM2 chips.

six months is along time to wait, honestly i think these shortages are artificial in nature, hash rates continue to go up but amd supplies i insist they are out of stock. Meanwhile i see 100s of cards on ebay and amazon at a 50% margin
out of stock you say? hmmm ok

Its obvious some ppl are able to source Amd cards...

Of course. The cards are on allocation, so distributors get limited quantities, based on their past order history or some other method. Distributors and retailers will usually allow employees to purchase small quantities. Some companies like ncix are accepting back-orders, so when they do get product it doesn't show in stock because it's used to fill back-orders.

grchina

sr. member

Activity: 476

Merit: 278

It would be useful if someone were to make a guide with basic stuff here,i know you can find information on many sites but still this is one of top crypto forums and yet it doesn't have guides or newbie part.Just my two cents,personally i don't mind asking others for help about stuff i am not 100% sure

SidETH

member

Activity: 116

Merit: 20

Buy some various coins with money you can miss. Build a rig with money you can miss. Let it run for as long as possible and don't sell. Smile or cry in a couple of years. We'll see Grin

slackert

newbie

Activity: 53

Merit: 0

There is no way this can sustain for mining. I went to Fry's today and the guy told me they sold 60 cards yesterday.......at one location. People are crazy dropping 6-10 grand and not knowing what they are doing.

Marvell1

legendary

Activity: 2408

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: philipma1957 on June 13, 2017, 10:24:38 AM

Quote from: 64dimensions on June 13, 2017, 08:42:00 AM

What is the upside to gloating?

I was going to rant against op decided not to.

but this is a good comment.

then why did u even post rant away bruh lol

Marvell1

legendary

Activity: 2408

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: BitcoinsGreat on June 13, 2017, 02:00:30 PM

Quote from: Sweetbtc on June 13, 2017, 01:50:42 PM

The main problem is that many of these people are burning coins without knowing it. They open a wallet, play around, get some coins in the wallet and wander away, passphrase/private keys either lost of discarded

Small amounts most of the time, but when done in large numbers by many people, it can mean a few forever lost Bitcoins. Also flooding the same questions means lack of reading by the newbies.

yeah the duplicate questions are the main sign, 1070 vs 580 , how does a riser work, Whyyyy does claymore have a fee? Huh

, What mother bosrd handles six card etc etc

worry about getting 3 cards working first b4 you go for six with ur 800 watt psu

I find the whole thing funny, Rant against me if you want , sure we were all noobs at one time but , most of my info

was learned by trying what other folks did, searching forums and some trial and error

no one wants to even do any reseach of thier own and they expect to make bank lol.

by flooding the forum with the same questions over and over they are actuslly making it harder to find the info the need smh

BitcoinsGreat

sr. member

Activity: 980

Merit: 280

Quote from: Sweetbtc on June 13, 2017, 01:50:42 PM

The main problem is that many of these people are burning coins without knowing it. They open a wallet, play around, get some coins in the wallet and wander away, passphrase/private keys either lost of discarded

Small amounts most of the time, but when done in large numbers by many people, it can mean a few forever lost Bitcoins. Also flooding the same questions means lack of reading by the newbies.

Sweetbtc

hero member

Activity: 938

Merit: 503

👉bit.ly/3QXp3oh | 🔥 Ultimate Launc

The main problem is that many of these people are burning coins without knowing it. They open a wallet, play around, get some coins in the wallet and wander away, passphrase/private keys either lost of discarded

virasog

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Activity: 2954

Merit: 1159

Most of the time, at least in the past, 80% of these new people, attracted by price, come for a short period and then go, losing interest or getting confused. That can mean a lot more blockchain traffic, a lot more small time mining, more exchange traffic and thusly more exchange mistakes that either alter a coins price by error or cause someone to get a great deal.

Vann

hero member

Activity: 1036

Merit: 606

IMO, a mining rig is about lowering your risk exposure. ATM a mining rig will pay itself off in 2-3 months. After that even if mining becomes totally unprofitable, you still have the hardware that can be repurposed towards a new coin without any additional investment other than the power costs, or resold to recoup a good part of the original investment. With ICO's and trading you could be left holding the bag or scammed as many have in the past. With mining you are also providing a service for the network, by helping processing transactions and decentralizing it.

antantti

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Quote from: nerdralph on June 13, 2017, 08:48:31 AM

I agree there has been more money to be made from trading over the last few months, but can you say that will continue for the next few months?

As long as there is volatility there are profits made, if cryptomarket crashes those who shorted are going to make loads of fiat.

Times like this when for example btc is +/- $100 daily are a goldmine for traders. No need for the market to move up, as long as it is moving somewhere cash is flowing in.

During the last 16 months many people invested loads of money to mining hardware, they were so sure that this market is going to grow faster than nethash that it is worth the risk.

Big question is, if they were so sure, why didn't they buy into something? At least one rig out of ten?

64dimensions

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Activity: 578

Merit: 508

Quote from: Tmdz on June 13, 2017, 11:18:19 AM

Quote from: Marvell1 on June 13, 2017, 10:11:56 AM

Quote from: nerdralph on June 13, 2017, 09:25:52 AM

Quote from: 64dimensions on June 13, 2017, 09:13:23 AM

Quote from: nerdralph on June 13, 2017, 08:48:31 AM

I agree there has been more money to be made from trading over the last few months, but can you say that will continue for the next few months?
Aside from December 2016 when the price dropped below $10, I've sold most of my eth as I mined it.

AMD has GF pumping out more wafers, which means higher production volumes of GPUs will be hitting the market. If demand keeps up for a couple more months, I'd expect AMD to start buying even more wafers than GF has guaranteed to make available (by paying spot prices for wafer starts instead of relying on their contract terms). In 7 months from now I'll bet you'll be able to find 4GB Rx 570 cards back in stock at the usual suppliers, selling for <= US$175.

NR,

Why wouldn't AMD have GF pump out vega wafers?

Maybe they will, IF they have no more tweaks to do on the silicon, yields are up, and IF HBM2 supplies are solid. With the Rx 500 series being the 2nd rev of Polaris silicon on 14nm, yields should be much higher than vega, and 3rd party board makers all have designs and manufacturing capacity that they can likely ramp up. Although prices are up a bit this spring, GDDR5 is widely available and still less expensive than HBM2 chips.

six months is along time to wait, honestly i think these shortages are artificial in nature, hash rates continue to go up but amd supplies i insist they are out of stock. Meanwhile i see 100s of cards on ebay and amazon at a 50% margin
out of stock you say? hmmm ok

Its obvious some ppl are able to source Amd cards...

Anyone can source AMD cards.

You have to pre-order and wait (~1 month), those are the people who can sell them at crazy profit.

The ones who don't want to wait pay the inflated prices.

I personally don't think just anyone can go this route. I think at least only people who would have inside info on production schedules. Knowing how far away POS would be helpful too. Who would want hundreds of new XFX R9 380x's on their hands with thousands of sapphire 480's hitting the shelves.

Tmdz

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Activity: 1008

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Quote from: Marvell1 on June 13, 2017, 10:11:56 AM

Quote from: nerdralph on June 13, 2017, 09:25:52 AM

Quote from: 64dimensions on June 13, 2017, 09:13:23 AM

Quote from: nerdralph on June 13, 2017, 08:48:31 AM

I agree there has been more money to be made from trading over the last few months, but can you say that will continue for the next few months?
Aside from December 2016 when the price dropped below $10, I've sold most of my eth as I mined it.

AMD has GF pumping out more wafers, which means higher production volumes of GPUs will be hitting the market. If demand keeps up for a couple more months, I'd expect AMD to start buying even more wafers than GF has guaranteed to make available (by paying spot prices for wafer starts instead of relying on their contract terms). In 7 months from now I'll bet you'll be able to find 4GB Rx 570 cards back in stock at the usual suppliers, selling for <= US$175.

NR,

Why wouldn't AMD have GF pump out vega wafers?

Maybe they will, IF they have no more tweaks to do on the silicon, yields are up, and IF HBM2 supplies are solid. With the Rx 500 series being the 2nd rev of Polaris silicon on 14nm, yields should be much higher than vega, and 3rd party board makers all have designs and manufacturing capacity that they can likely ramp up. Although prices are up a bit this spring, GDDR5 is widely available and still less expensive than HBM2 chips.

six months is along time to wait, honestly i think these shortages are artificial in nature, hash rates continue to go up but amd supplies i insist they are out of stock. Meanwhile i see 100s of cards on ebay and amazon at a 50% margin
out of stock you say? hmmm ok

Its obvious some ppl are able to source Amd cards...

Anyone can source AMD cards.

You have to pre-order and wait (~1 month), those are the people who can sell them at crazy profit.

The ones who don't want to wait pay the inflated prices.

philipma1957

legendary

Activity: 4116

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'The right to privacy matters'

Quote from: 64dimensions on June 13, 2017, 08:42:00 AM

What is the upside to gloating?

I was going to rant against op decided not to.

but this is a good comment.

deadsix

hero member

Activity: 751

Merit: 517

Fail to plan, and you plan to fail.

Quote from: Marvell1 on June 13, 2017, 07:37:52 AM

Quote from: un4given on June 13, 2017, 03:42:04 AM

Quote from: deadsix on June 13, 2017, 03:26:37 AM

Makes me cry looking at all the Eth Ive mined and sold since I started a year ago Cry

Makes me cry even more when I remember all those comments telling me to just buy and hold Eth instead of spending on mining Cry

i feel you... Cry

same here...sold 100 eth @ 40$, but let's learn from it? Roll Eyes

selling 1/3 to cover the cost and holding 2/3

lol i sold over 10k eth at low ass prices makes me sick everytime i think of it. Thats why i spend more time trading now

theres more money made playing the markets than mining and dumping from the way prices fluctuate

Damn. You loss outstrips mine, and that makes me feel a little better. Thanks Marvel Tongue

Quote from: nerdralph on June 13, 2017, 08:48:31 AM

I agree there has been more money to be made from trading over the last few months, but can you say that will continue for the next few months?
Aside from December 2016 when the price dropped below $10, I've sold most of my eth as I mined it.

True, but mining was supposed to be a "risk" when we began a year ago, might as well go all in when taking risks. Then again, hindsight is 20/20.

Marvell1

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Activity: 2408

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Leading Crypto Sports Betting & Casino Platform

Quote from: nerdralph on June 13, 2017, 09:25:52 AM

Quote from: 64dimensions on June 13, 2017, 09:13:23 AM

Quote from: nerdralph on June 13, 2017, 08:48:31 AM

I agree there has been more money to be made from trading over the last few months, but can you say that will continue for the next few months?
Aside from December 2016 when the price dropped below $10, I've sold most of my eth as I mined it.

AMD has GF pumping out more wafers, which means higher production volumes of GPUs will be hitting the market. If demand keeps up for a couple more months, I'd expect AMD to start buying even more wafers than GF has guaranteed to make available (by paying spot prices for wafer starts instead of relying on their contract terms). In 7 months from now I'll bet you'll be able to find 4GB Rx 570 cards back in stock at the usual suppliers, selling for <= US$175.

NR,

Why wouldn't AMD have GF pump out vega wafers?

Maybe they will, IF they have no more tweaks to do on the silicon, yields are up, and IF HBM2 supplies are solid. With the Rx 500 series being the 2nd rev of Polaris silicon on 14nm, yields should be much higher than vega, and 3rd party board makers all have designs and manufacturing capacity that they can likely ramp up. Although prices are up a bit this spring, GDDR5 is widely available and still less expensive than HBM2 chips.

six months is along time to wait, honestly i think these shortages are artificial in nature, hash rates continue to go up but amd supplies i insist they are out of stock. Meanwhile i see 100s of cards on ebay and amazon at a 50% margin
out of stock you say? hmmm ok

Its obvious some ppl are able to source Amd cards...

nerdralph

sr. member

Activity: 588

Merit: 251

Quote from: 64dimensions on June 13, 2017, 09:13:23 AM

Quote from: nerdralph on June 13, 2017, 08:48:31 AM

I agree there has been more money to be made from trading over the last few months, but can you say that will continue for the next few months?
Aside from December 2016 when the price dropped below $10, I've sold most of my eth as I mined it.

AMD has GF pumping out more wafers, which means higher production volumes of GPUs will be hitting the market. If demand keeps up for a couple more months, I'd expect AMD to start buying even more wafers than GF has guaranteed to make available (by paying spot prices for wafer starts instead of relying on their contract terms). In 7 months from now I'll bet you'll be able to find 4GB Rx 570 cards back in stock at the usual suppliers, selling for <= US$175.

NR,

Why wouldn't AMD have GF pump out vega wafers?

Maybe they will, IF they have no more tweaks to do on the silicon, yields are up, and IF HBM2 supplies are solid. With the Rx 500 series being the 2nd rev of Polaris silicon on 14nm, yields should be much higher than vega, and 3rd party board makers all have designs and manufacturing capacity that they can likely ramp up. Although prices are up a bit this spring, GDDR5 is widely available and still less expensive than HBM2 chips.

64dimensions

hero member

Activity: 578

Merit: 508

Quote from: nerdralph on June 13, 2017, 08:48:31 AM

Quote from: Marvell1 on June 13, 2017, 07:37:52 AM

Quote from: un4given on June 13, 2017, 03:42:04 AM

Quote from: deadsix on June 13, 2017, 03:26:37 AM

Makes me cry looking at all the Eth Ive mined and sold since I started a year ago Cry

Makes me cry even more when I remember all those comments telling me to just buy and hold Eth instead of spending on mining Cry

i feel you... Cry

same here...sold 100 eth @ 40$, but let's learn from it? Roll Eyes

selling 1/3 to cover the cost and holding 2/3

lol i sold over 10k eth at low ass prices makes me sick everytime i think of it. Thats why i spend more time trading now

theres more money made playing the markets than mining and dumping from the way prices fluctuate

I agree there has been more money to be made from trading over the last few months, but can you say that will continue for the next few months?
Aside from December 2016 when the price dropped below $10, I've sold most of my eth as I mined it.

AMD has GF pumping out more wafers, which means higher production volumes of GPUs will be hitting the market. If demand keeps up for a couple more months, I'd expect AMD to start buying even more wafers than GF has guaranteed to make available (by paying spot prices for wafer starts instead of relying on their contract terms). In 7 months from now I'll bet you'll be able to find 4GB Rx 570 cards back in stock at the usual suppliers, selling for <= US$175.

NR,

Why wouldn't AMD have GF pump out vega wafers?

xleejohnx

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Activity: 672

Merit: 500

Quote from: Pennywis3 on June 13, 2017, 08:00:53 AM

Quote from: Marvell1 on June 13, 2017, 07:37:52 AM

Quote from: un4given on June 13, 2017, 03:42:04 AM

Quote from: deadsix on June 13, 2017, 03:26:37 AM

Makes me cry looking at all the Eth Ive mined and sold since I started a year ago Cry

Makes me cry even more when I remember all those comments telling me to just buy and hold Eth instead of spending on mining Cry

i feel you... Cry

same here...sold 100 eth @ 40$, but let's learn from it? Roll Eyes

selling 1/3 to cover the cost and holding 2/3

lol i sold over 10k eth at low ass prices makes me sick everytime i think of it. Thats why i spend more time trading now

theres more money made playing the markets than mining and dumping from the way prices fluctuate

I agree.
Exchanges are the way to go atm, lots more can be made this way.

I sell it as it comes. Probably not the best way to go about thing. I mean I probably would have 100k if not more in eth right now if I held out but like the saying goes a bird In the hand is better than two in the bush

Topic: lol so many newbs flooding the forum asking same questions - page 2. (Read 3426 times)