AMD Radeon RX 570 And RX 580 GPUs Sold Out Due Cryptocurrency Mining

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#5439775
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My two previous dual-GPU AMD cards were sold to people to do mining with - the 5990 and 7990. I have no gone back to NVidia GTX1070 as I was sick of certain buggy features in AMD control panel.
#5439778
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I checked Litecoin recently, and it has shot up to $22, from stagnating at or around $10 for ever. Not surprised the cards are selling well. Good for AMD i suppose, a sale is a sale. Aren't there some Cryptocoin currencies that are ASIC adverse, due to their nature or build ?
Correct Ethereum is. Basically it creates a DAG file on the GPU VRAM, which is massive 2 GB in size, at moment GPU's with 2GB VRAM can mine Ethereum with some difficulty and stability problems, but soon won't be able to because DAG increases in size. What this means for ASIC, they would need local RAM which is faster than NAND flash built into the ASIC, even RAM might not be fast enough for calculations, then scaling up all of this local storage, each ASIC miner would need 3GB RAM per client and many clients to out hash a GPU. Basically in nut shell ASIC is not feasible due to memory constraints on Ethereum.
#5439788
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Bitcoin mining with GPU?... it is not feasible or sustainable. Operational costs are too high with very little "mining" results. Hackermoon has an awesome article on that. With a quite shocking "1 GPU running at full capacity per day" results. Even if the price tripled since the article came out - it is still ridiculously small amount of coins to even consider GPU. For Bitcoin.
#5439793
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We talked about this for long time now. It became apparent at least a week ago. It is definitely not bad that AMD can flush many of their chips into market. And in long term this will reduce GPU costs.
#5439810
https://forums.guru3d.com/data/avatars/m/259/259564.jpg
Bitcoin mining with GPU?... it is not feasible or sustainable. Operational costs are too high with very little "mining" results. Hackermoon has an awesome article on that. With a quite shocking "1 GPU running at full capacity per day" results. Even if the price tripled since the article came out - it is still ridiculously small amount of coins to even consider GPU. For Bitcoin.
No one is mining bitcoin. Etherum for instance, is about 5 dollars a day with a 480/580.
#5439814
https://forums.guru3d.com/data/avatars/m/31/31371.jpg
This cant be bad for AMD. Gamers or miners makes no difference, selling all your cards in stock is a good thing. I just hope prices wont be rising to much due all of this. Some of us still need to upgrade.
That is where your wrong as Gamers are not able to buy them and if you look at the Steam Stat you can see the god awful low number which make them look bad vs nVidia number which dominate the chats
#5439823
https://forums.guru3d.com/data/avatars/m/248/248994.jpg
That is where your wrong as Gamers are not able to buy them and if you look at the Steam Stat you can god awful low number which make them look bad vs nVidia number which dominate the chats
I doubt studios are going to drop AMD support any time soon. The fact consoles are running AMD hardware into the foreseeable future alone ensures a lot.
#5439833
https://forums.guru3d.com/data/avatars/m/63/63170.jpg
Bitcoin mining with GPU?... it is not feasible or sustainable. Operational costs are too high with very little "mining" results. Hackermoon has an awesome article on that. With a quite shocking "1 GPU running at full capacity per day" results. Even if the price tripled since the article came out - it is still ridiculously small amount of coins to even consider GPU. For Bitcoin.
Bitcoin is pointless, but Ethereum and some others still are.
#5439840
https://forums.guru3d.com/data/avatars/m/31/31371.jpg
I doubt studios are going to drop AMD support any time soon. The fact consoles are running AMD hardware into the foreseeable future alone ensures a lot.
We are not talking about consoles it about PC GPU
#5439843
https://forums.guru3d.com/data/avatars/m/80/80129.jpg
We are not talking about consoles it about PC GPU
The majority of AAA PC games are ported from console. If optimization work is being done on the console, the majority of it is applying to AMD cards on PC. The rest of the games are indie ones and majority of those can run on a toaster.
#5439856
https://forums.guru3d.com/data/avatars/m/254/254725.jpg
That is where your wrong as Gamers are not able to buy them and if you look at the Steam Stat you can see the god awful low number which make them look bad vs nVidia number which dominate the chats
It's not like AMD can wave a wand and have stock available. I'm sure that raising their portion of the consumer pie would be good but I doubt they're upset that their entire stock is gone 🤓. Hasn't cryptomining been pretty pointless since the initial boom? Is it even possible to make money (after accounting for power and hardware costs)?
#5439862
https://forums.guru3d.com/data/avatars/m/31/31371.jpg
The majority of AAA PC games are ported from console. If optimization work is being done on the console, the majority of it is applying to AMD cards on PC. The rest of the games are indie ones and majority of those can run on a toaster.
Petty much all of the Xbox 360/ONE game are all ready base around PC game running under a Custom Windows OS with DirectX so I think you have that wrong and PS3/4 are ported so that true there after all in just a fork of BSD OS any way so in a way it should be all most Linux compatible.
#5439868
https://forums.guru3d.com/data/avatars/m/31/31371.jpg
It's not like AMD can wave a wand and have stock available. I'm sure that raising their portion of the consumer pie would be good but I doubt they're upset that their entire stock is gone 🤓. Hasn't cryptomining been pretty pointless since the initial boom? Is it even possible to make money (after accounting for power and hardware costs)?
I know that but people are not going sit around a wait 1 or 3 months for new stock that over price above retail, they are just going to move to the next best thing in this case would be nVidia GPU as who in right mind going would pay $500 for RX 580 when you could get a seriously kick a$$ GTX 1080. In fact some Gamer are ready sell off there RX 480/580 cards and getting the more powerful GTX in place due to price gouging.
#5439915
https://forums.guru3d.com/data/avatars/m/224/224796.jpg
There are dozens of coins right now that are very profitable to mine for either AMD or NVIDIA. The profits are crazy right now, the only question is how long this trend will continue. I fully expect it to be profitable to mine for years, but I do not expect the profits that we have now to last forever..... heck I can make $13-15 per day with a single GTX 1080 Ti right now... imagine a rig with 6 of them at once. 😉
#5439943
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The coin market has a horrid criminal underbelly to it that gives it value, not for me thanks.
#5439947
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I'm surprised that the mining is still a thing tbh. Does it really pay off? Not sure what you guys pay for power, but I'd like to see an example calculation how much you can actually make these days.
#5439952
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I'm surprised that the mining is still a thing tbh. Does it really pay off? Not sure what you guys pay for power, but I'd like to see an example calculation how much you can actually make these days.
Miners wouldn't bother if they weren't covering their costs. Theirs a guy in Iceland has 10,000+ GPU's pays million euro's a month just in electricity, really think he's doing that at a lost? Here's the video for the guy. https://youtu.be/SJgWqbZBn6I
#5439973
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Im mining on 1060's planning even adding more 1070 for eth/zcash 🙂 Prices of them go up a little bit too but unlike AMD you can actually buy them.
#5439990
https://forums.guru3d.com/data/avatars/m/258/258664.jpg
Miners wouldn't bother if they weren't covering their costs. Theirs a guy in Iceland has 10,000+ GPU's pays million euro's a month just in electricity, really think he's doing that at a lost? Here's the video for the guy. https://youtu.be/SJgWqbZBn6I
Dude, I pay 36% more for electricity than this guy (0.148 to 0.201). Check the statistics: http://ec.europa.eu/eurostat/statistics-explained/images/d/dd/Half-yearly_electricity_prices_%28EUR%29.png So that's why I was asking if it pays off indeed, I wonder how big of a factor electricity is.

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