I fucking hate cryptocurrency miners

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I was gonna upgrade my gpu this year with taxes. I guess not :(

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I call them bitcoin memers since they fell for the meme and their fucking faggots

tfw half the game in my steam librairy are unplayable because of my 2013 GPU.
no money to afford an overpriced new one.
It sucks

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REEEEEE! I cant upgrade my porn machine cuz Chads are mining neckbeard tokens.

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i only game on top of the line high quality computers

Can't wait to see over 10.000 GTX 10** that will NEVER be sold, even at 50 bucks.

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I hope this whole thing serves as a good life lesson for the 90% of crypto babies that will lose everything by the time all this is said and done.

bitcoin is pursued for the sake of bitcoin. If this is how people want to waste their lives, they can find out themselves that they wasted it.

when the bubble pops, the gpu market will be so nice for gamers. You will see a gluttony of cards for half price.
When it costs more to mine than a coin costs, you are wasting money.

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Hahahaha

1. you're an idiot
2. you're more of an idiot

since the crash, these cards are already on the market second hand for less than original retail price, go look on ebay. And if you're worried that they won't work as well as a new one, unless the person who originally had them had zero idea about cooling, they're fine.

Plus a brand new one is maybe $200 more than the original price, if you could afford $500 for a card, another $200 isn't going to fucking kill you. get over it.

Fucking bitmemer fuck off

The bitbubble's gonna pop any day now guys!

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>Plus a brand new one is maybe $200 more than the original price

A GTX 1080Ti used to run about $700, now they are $1,200+

>you're a fucking retard

stake it till you break it!

HEY HEY HEYYYYYYYYYYY

$1000 is for a decent computer...

not a fucking graphics card.
Fuck miners

Shit, I can't wait to buy one at $50-ish to replace my gtx 660 ti.

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I just bought a gtx 1080 ti for msrp from nvidias site

why

I just checked their site and all the cards are out of stock

congrats on typing your details as fast as possible within ten minutes of a notification of being in stock.

you have to be on the notification list. it's a diversion

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>advocating to buy GPUs used for mining 24/7 for at least a few months
Yeeeaaaahhh... noooooooo

Really gay. They need to make enough for everyone and sell right tf now

pcpartpicker.com/forums/topic/265401-first-gaming-pc-850

I just built this budget PC. Not my thread, but I used the parts list.

I bought this last year before the rush of normies to the decade old crypto currency concept that they just now found out about and now it's more than doubled on price. Lul

no you didnt

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>It's the customer's fault that corporations hold back products to increase the price and prevent future loss due to reselling.
>miners operate at a loss
>I deserve dem GPUs for dose sweet FPSes

No.

I’m making a ton of money mining. Stay mad OP!

dirty miner detected

don't forget all the taxes you have to file.

Yes, I did.

WHY NOT BUY AN NON PRICE INFLATED TOP TIER CARD THEN?
>Stay poor faggot

buy more $1200 1080's

Why what

You have to sign up for the email notification and be fast because they sell out quick

>1050TI
>1k
Not a single person ever bought a 1050 to mine, if people fall for the scams of retailers, it's their own fault.

Also greentext time
>be me
>be yesterday
>buy rx580 for 280€

Is literally everyone retarded these days?

what

I bought a 1080ti for my new gaming setup when it was like $700 for a new one. I was curious as to how much I could make with mining and it was about $100 a month.

lol. get a fucking job you cryptofags.

>complains about nu-males
>uses that image
wew, looks like we got ourselves a newfag

Best fucking kek in a while, lmao!

You mad?

Calm down bro.

Thank you... now i gotta go beat mummsie for not remembering my dipping sauce

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mmm sweet tendies

Noice

>I have never heard of marketing and I completely trust what retailers write.
It's profitable to mine XVG with a 840m. Will get you just about 0.05 cents a day (with electricity prices around my area). Doesn't meant anyone is stupid enough to do that. A 1050 is no good for mining and nobody uses them and no "technically you can do it" will ever change that.

Why?

>without doing any fucking work.

You think the money they used to buy those GPUs just came out of a unicorns ass?

Dumb faggot. Stop posting these stupid fucking threads.

not that retarded, dirty miner

buy some more gpus

K
Well I'm gonna head back to MapleStory.

think i can tell

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>You think the money they used to buy those GPUs just came out of a unicorns ass?
When I started I financed 10 rx570 for 25$ a month each. They literally payed for themselves, so for all I care the money came out of a unicorn's ass. I will never understand why there are people not mining. It's nothing else than legal money printing.

>buy some more gpus
New batch arriving this week. :^)

I know what you mean. I got lucky and bought a 1070 in October of last year right before they skyrocketed I only paid 450 for it

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>2018
>bitcoin
I wouldn't even consider mining bitcoin, especially not with GPUs.

You mine the most profitable coin(s) or, if you don't want to go through the hassle of keeping an eye on profitable coins/algos and don't want to keep selling, you dual mine ETH + DCR and check once a day if everything is still printing money.

Also buying mining hardware is a little different to buying coins, not to mention the fact that neither banks nor states like the idea of decentralized, anonymous payment methods. Not that crypto would qualify as such in the near future, but pretending that it doesn't pose a risk to the established systems in the long run would bite them in the ass at some point.

ok so once you mine all your shitcoins you trade them to what and exchange them for what? does everybody accept litecoin yet?

I'm happy i got my 970 right before the gpu prices got fucked. Got it for 170 on sale. I kind of want to sell it now to make a little return on it and just wait for crypto to stop before going back to pc gaming. I've been busy lately so i haven't been using my computer for games.

crypto -> euro.
People love to throw their hard earned money into the pool and I am more than willing to let them. When I started out I sold crypto on ebay for twice the price and people still bought it because they either didn't want to go through the registration process on exchanges or simply wanted the extra anonymity/security with having paper wallets.

pretend you're not using an exchange to trade to btc

if you're selling it directly XD nice that's an even bigger crime

>anonymous
>public ledgers
get your shit straight faggot

actually theyve just about stopped going up and starting to go down now, problem is miners are about to fuck up the prices of cpus next, rip the quadcore dream bois shits bout to get expensive as fuck

>nice that's an even bigger crime
I'm operating 100% legal (actually kind of 110% legal because I am paying taxes on something that is by nature not taxable [? the word is "nicht steuerbar"]), I have a registered business. As I said, I sold crypto on ebay when I was starting out and it was, by current law in my country, a volume that couldn't be declared a business. I'm also not pretending to not use exchanges, I never said I didn't and while there isn't much from stopping me to directly sell it (especially no law), the easier option is obviously exchanges.

It's fine if you do not know what you're talking about, but I don't really see the point of wrongly accusing me of crimes if you don't know the circumstances under which I operate.

>>anonymous
>>public ledgers
I am the only one knowing the receive address of their wallets, which is definitely more anonymous than having it sent to a wallet provided by an exchange (many prevent transactions to foreign wallets for a set period of time, this is also where security comes into play, because an exchange may know your private key, while a paper wallet is physically yours).

>problem is miners are about to fuck up the prices of cpus next
I doubt it.

so now there's a public record of the transaction between two private wallets....really anonymous

This process is not only cumbersome and confusing, but simply illegal. In Germany, it is not permitted to operate financial services without a corresponding license. A corresponding license is issued by the German Federal Financial Supervisory Authority (BaFin) and may cost between four and five figures, depending on the size of the financial services offered. If this license is missing – which is to be assumed by a majority of private individuals using Ebay -, there is a criminal offense according to § 54 KWG.

how much did that shit cost you?

does it matter

it will... eventually

Why would there be a public record? Or do you mean in the blockchain, if so, then yes, there is a public record, but it's not like anyone could reliably match a transaction to the people making it.

>it is not permitted to operate financial services without a corresponding license
It's not a financial service.

There are two common misconceptions about what mining and crypto currencies are: First, mining is not the act of generating a currency, it's a service of verifying "transactions" (I use quotes because it technically is not a transaction in a financial sense) and I am "payed" in that very "currency". While there is no legally binding definition of crypto coins as a currency and therefore the "payment" I receive is not actually a payment, I still defined my business as offering a service to verify blocks and pay taxes on the actual currency (euro) I get out of that service. Technically it's not taxable, as I said earlier, but I want to dodge even potential bullets.

Second, crypto currencies are not comparable to shares. Let's suppose the case you own shares of a company and that company goes bankrupt and closes. Shareholders now have a legal right to their share of the insolvence mass (? "Insolvenzmasse"). The blockchain is something completely different (and legally undefined). It is not real in the sense that it is gone once all computers upholding the blockchain shut down (the blockchain goes "bankrupt", please note that I'm trying hard to formulate this in a sensible way in english and have to make some not 100% accurate comparisons to make the case, it's a result of both my lack of english skills and the lack of legal definitions). Not only does it now not matter how many "shares" (i.e. coins) you hold, because there is no insolvence mass (?), no one who could be in possession of such a thing and no record of how many "shares" you possess.

"Insolvenzmasse" (I called it "insolvency mass") seems to actually be called "insolvency estate", according to Pons.

you say its not but its a gray area from the way it's worded

managed to pick it up last year before the big hike

They are only going to throw away their old tools to get new ones, at the cost of the end-user who wants to use them for their intended purpose getting extremely over-stressed videocards that have probably had their lifespan decimated from running 24/7 for months on end.

The best time to get a card is to probably wait for the next line of releases, then snatch up as many as possible while they are at MSRP and/or pre-order founders editions. And I mean stock-up, because you will have need at least 1 card for yourself with maybe a backup. Then dump your extra cards when miners start getting desperate and totally rape the pricing to a point that you make nice profit.

Unless crypto crashes HARD, then this is what the next lineup's are going to look like for a while.

Get a job you faggot.

You can pickup a 970gtx for like £170, the Christmas money mummy and daddy gave you should cover that shit.

>extremely over-stressed
bullshit

most miners underclock the cards severely to keep them within thermal ranges

>Buying a 1050TI for 1K
Literally never. There is no world, website, person, auction, or anything that would have a 1050TI for that much you fucking mook.

Meanwhile you got the rx580 for a marginal markup at worst, good deal considering street prices.

read

>you say its not but its a gray area
That crypto currencies do not qualify as actual currencies? It's not a gray area. Nothing legally qualifies as a currency that is not legally defined as a currency. It may change one day, sure, if we change the definition of "currency", but it most certainly won't, simply because of the decentralized nature of the block chain (I realize there are block chains and cryptos that are centralized and a state could easily have a currency based on a centralized block chain).

Me quoting 1050 and 1k was only to give a context for my comment, you may want to read the post I was responding to and look at the pic related.

Thermal ranges of what? Fucking room temperature?
You don't need to do that with most cards unless you are trying to force founders-editions with their fucking terrible stock coolers to max out. They are just trying to extend the life of the cards so that they don't die before they can sell them to the vidyagamers at a potentially still-present markup, for minimal reduction in their profit.

>most miners underclock
Most miners underVOLT. Lower voltage, lower power consumption and incidentally longer life span.

you can beat this point to death as long as you're trading it for fiat the same way currency is exchanged this is going to be disputed

that was implied, when you undervolt you are bound to underclock too unless you are running a vega which already comes overvolted

fuck no we over volt and underclock like bawss its the only way to get more megahurtz out of the memory

i really hope bitcoin crashes so i can sleep well knowing this soyboy lost everything.

Apart from the legal impossibility to declare crypto currencies actual currencies, how do you think would this work politically? Do you think states will simply declare decentralized block chain based coins as currencies? Do you realize what that means for the state? The state would then be responsible for enforcing the value of those currencies while having absolutely no knowledge about or power over whoever thinks it's a good idea to become part of the block chain or even the block chain itself or even the source code of the block chain. Enforcing a currency you have the unique power of issuing is difficult enough, now imagine something you can not only not issue, but not even control the mechanisms by which it's issued.

Who cares about gpu's in 2017-18?

I sound quite emotional and arrogant in this one, maybe you could excuse that if you knew that I am really arrogant and emotional.

daily reminder: every crypto (especially btc and lite) except tiny ico's are controlled by collective groups of russians and chinese. if you buy in and try to make epic gains, you're at the whim of some gook half way across the globe. have fun nerds.

no internet
no bitcoin

run that through your head for a few seconds

and tell me it can't be controlled again.

sell it

inexcusable filthy swine

Loot at all these PC peasant race fags that cant afford a new GPU. Get a job you underage/neet faggots

dude im trying to upgrade my pc but fuck me i guess cuz no decent graphics card is even remotely affordable

No internet
No banking system
Tell me how secure really is your money at a bank? Do you really think your government will bail you out if the whole internet disappears out of nowhere??
It will take months if not years for banks to restructure themselves.
US Dollar is not backed up by anything, it is not even in the gold standard since the 70s, nothing backs it up besides hope.

Tfw I bought 8gigs of ripjaws ram for $40 and a free edition of windows pro lmfaoo

Hmu in Bera fgt ill 1v1 you

currency value is all about faith and emotions.

us dollar backed by strength of economy. (which is crap) but i'm not trying to spend dollars in germany any time soon so i don't think i'll have a huge problem

as far as blocking some parts of the internet and not others is not impossible.

lol this cunt actually thinks bitmemers are okay.

>implying any bitmemers know anything about GPUs or cooling.

>Thinking $200 is nothing
>Being this retarded

Ishiggy diggy.

should i buy a pc with gtx 1060 6gb and i7 7400 for 750 eur now or just wait until prices drop?

While I don’t think Bitcoin will last forever, the idea of a decentralized network is running thru so many people’s heads. I cannot wait to see what the next big thing will be, a better even more decentralized network.

Meanwhile, I’ll keep mining ZCash until the feds break into my house.

just get the r5 2400g

I said it doesn't qualify as a currency and the government couldn't possibly enforce it as one. In fact the possibility of the internet shutting down (yea, let's be real, that's not going to happen) is just a hyperbolic example of the reasons these "currencies" are actually not real I layed out earlier.

It sure must be hard being that fucking retarded, huh.

If any of you anons are within 100 miles of any Microcenter, they are still selling Video cards at normal prices as long as you only buy one and they are bought in person. They are still able to keep good stock at most of them.

Do you forget where you are faggot?

Might've got a bit warm eh?

too many megahertz

Are you sure user? Ive never heard of them but theres one like an hour away. But their 1050ti 4g is 220

>Be me, world GPU manufacturer
>GPU market is decaying fast because most people either play Candy Crush on their tablets, or stopped giving any fucks to overpriced GPUs that lose 50% of their market value in less than 6 months
>start lots of stupid new cryptocurrencies (it only takes two or three devs and half a dozen shills on /biz/ and plebbit)
>literally sell out
>...
>profit!

oh its much larger than that user.

1000$ for a 1050ti?

I bought a 1070 for 400€ (500ish usd) not too long ago
and pc components cost a lot in my country compared to like germany

Stay mad broke ass bitch

holy shit ecks dee you got them so good

i lost when i saw the $1000 1050

lost what

my sides

kill yourself

ladies first

Vidya faggots btfo while us miners be making 10x your wage by sitting around doing jackshit

u mad op?

nah

buy more gpu

one fan

>became millionaire
>got fucked
>btc went from $900, to 20k, to 5k, to 10k
>somehow fucked

>1050tis

I only started mining in december and have already made enough to fully pay off my mining rig + a few hundred dollars and making more everyday. theres money to be made if you're not retarded

well maybe i am retarded ao fuck you p.s. no one believe you

I just started mining at the end of last year. I couldn't find gpus so instead i
Bought 7 computers from Costco and using them to mine on.
Going to return them before the 3 month return policy is up.
Free money.

>Check local store.
>All high end graphic cards are sold out.
What do they get out of it? These things are suboptimal for mining.

youtu.be/ELA91d_mx80

>used

how about 950 on ebay? go look. gtfo

I know you're jealous, but you don't need to make it so obvious.

Me and my bro were gonna buy a new graphics card but this worthless neck beards fucked everything up. I hope the stock market crashes again and all this losers lose all their fucking lose all their money

>miners operate at a loss

what are you talking about?

i have 60 coming

I was implying.

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no you haven't

you can't roi in 2 months, unless you mined a coin that went 100x, you did not roi. also, don't count your trades for roi.

Ive been at it for 4 months and I bought my gpus below msrp and I'm still hovering below my roi amount
if you still believe what you said, be more detailed, otherwise youre full of shit

Tai Lopez was fucking everywhere in 2015. Everywhere.
How fucking new are you? Did you literally come in 2017 with r/thedonald?
Get the fuck out, christ.

$200 kinda is nothing tho.

oh shit

kinda risky, but good luck

are you sure its 90 days for electronics? Im sure you'd be certain, but thats lol... and honestly... kind of shitty.

you're making like 3 to 1 ratio, or less (profit to operating cost, aka electricity)

That was a case of excessive rectumhertz

whats funny is these "super elite entitled hardk0re gamers" only have to buy 1.. or 2... gpus...

people like me... I buy 20+ at a time... so I am paying a SHIT TON more than these fuckin cry babies..

I sent 25k for some gpus and got an email saying theyre gonna raise the prices by 50-100$ each...

don't hate the player, hate the game, plebs

how much you netted so far

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Yup.
I also do it with printers so i never need to buy ink. (Printers can be returned any time) and some other stuff.
I make about $24 a day on them. Elec is about 100 a month

>I sent 25k for some gpus
that means you're stupid, mine gpu costs $40 and I don't give a shit about it

Lol

I just bought a gtx 1080 ti to play Minecraft, there not that expensive op

The GPU market is literally fucked. There's no way in hell I'm buying a second hand GPU that's been abused by miners and I'm definitely not buying a new one for 3 times the price. The bubble will burst and coin miners will be forced to ditch their surpluses at fractions of the cost. Meanwhile I'll buy a workstation computer, make money from my legitimate business that isn't controlled by imaginary currency and a market that fluctuations as wildly as Bitcoin.

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incorrect. it gets overclocked but undervolted for max efficiency (higher hashrate, lower power consumption)

Why aren't there enough GPUs for everyone? And what abouty the price of DDR skyrocketing because of cell phones? No, I don'don't believe this scarcity is real. It's just a bullshit excuse for manufactures to produce less and make bigger gains.

Supply and demand my friend. Miner simply buy all cards as soon as they are available, so reseller and manifacturer produce more and go up with price.

also gpu manufacturers dont go full retard and double production capacity because of muh bubble. theyre doing legitimate business with real money, not magic internet tokens.

And that is why the Japanese are making knock off graphics cards.

Source, Im interested

lolol

pretty clever, if you can supply gpus w/o investing a shitton of money in production, go for it.

problem is, producing (state of the art) gpus is somewhat high tech shit.
good luck DIY 14nm gpu transistors

no shit, one of them takes two months to be produces

i kind of like how hes helping poor people.
its for his own gain yes, but it makes it like a reality instagram show

what did the fuck happen to dedicated mining hardware?

why do the fuck people think GPU miners mine Bitcoin with GPUs?

ITT: small minded butthurt hardk0re gamerz

blockchain tech and so proof of work are here to stay for a while.
just get the lower efficiency last gen cards for gaming ffs

how much do you make compared to cost of parts and electricity?

ASIC and the other shit miner are gone. Their worthy times are long gone, because you can't resell the rigs. So the miner started buying gpus, because they hope to resell them in a year. Without reselling mining is barely worth it.

they arent mining sha256 ofc but scrypt and other "asic resistant" algos, then selling their shitcoins for btc. so its literally the same thing.