Nvidia asks video card retailers to give gamers priority over miners
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Saabjock
I'm sure this sound good when somebody says it out loud.
Let's consider the end-game...either way Nvidia sells cards.
That is the business they're in.
It's not the 'sell cards to gamers over miners business'.
Don't be fooled.
tsunami231
Nvidia get payed the retail price sure, but the people and busniness selling them for 1.5x-3x price are just gona drive Nvidia to just make there normal prices 1.5-3x higher, then those same people trying to capitalize on the this mining bs will take those retail price nvidia just increased by 1.5-3x increase them again by another 1.5-3x so on and so forth.
This is not cycle people want to see.
Like said only way this isnt gona happen is GPU are made to NOT be able to mine. At the rate things have been going in 5 years retail price of GPU are gona beyond stupid.
Or i guess we all just eat up our electricity to make paperless money, which will in turn raise our electricity bills to stupid amounts, cause electric company seeing electric use skyrocket. which will have it own ramifications.
D3M1G0D
Believe it or not, gamers using their GPU to mine can help put miners out of business. As more people get involved with mining, the higher the difficulty becomes, and that means the profits from mining will gradually shrink. By mining, not only can you make a few dollars on the side, but you can accelerate the death of the mining business.
The first mining craze with Bitcoin ended when ASICs were invented, which made GPU mining uneconomical. Miners will only stop mining with GPUs when the effort is no longer worth it. One of the best ways to piss off miners is to mine the currency yourself, which will directly affect their profits (and if enough gamers did it then it will quickly become unprofitable).
KissSh0t
That's if actual Gamers can find video cards to purchase.
fantaskarsef
Sadly, this is not cost efficient where I live. My electricity is too expensive to ever make profit off mining. So that I could buy a cheaper GPU I'd not only have to spend more on electricity, but also keep a rig mining for no real world money, as well as heating up living space unnecessarily? That doesn't work for me, unfortunately. It would be more economically to just spend more on a GPU than to mine, in my personal case. But I've thought about that too.
TheDeeGee
Miners are so ****ing selfish they have no idea how ineffecient it is making money like this.
Maybe the government should start banning mining. Work together with the police and the power company to sniff out the miners. It's easy enough to track them down due to increased power usage.
KissSh0t
There were some 1070's available yesterday on PC Case Gear, checked again just now and they are all gone again.... there are a few ti models though.
All Vega's are gone, nearly all 580's are gone, all 570's are gone, a few 560's available.
https://i.imgur.com/uwD5hw4.png
Andrew LB
I was forced to buy a new card last month when my heavily overclocked gtx 780ti just stopped working. Otherwise i would have stayed with my planned next card purchase by going with Volta/Ampre when it gets released.
edit/
I just took a look at card prices compared to where they were in early December and man did I dodge a bullet. I paid $499 for my EVGA GTX 1080 and if you can even find one in stock, they're now $100 more!
Andrew LB
As good as that may sound, the last thing you want is the Government getting involved in the free market except when it has to do with breaking up illegal monopolies or highly unethical\anti-competitive business practices.
sverek
Oh god please no. We gonna get secret underground mining societies, fake electricity meters and raiders stealing cargo with GPUs and all crazy stuff.
At least I hope miners pay their electricity bills accordingly right now.
fantaskarsef
Controlling the GPU market is useless. Control mining and you can manage the GPU demand. 🙄
By the way, once the 21 million bitcoins are mined, what's going to happen then? Is ETH unlimited in the number of ETH possible?
sverek
Another less known cryptocoin will become major for mining.
Oh wait, once bitcoins are mined, who gonna keep track of transactions?
fantaskarsef
Now you see where my thoughts are going 😉
-Tj-
They are in Korea and China now for the last 1-3weeks.. thats why eth dropped..
And I agree, ban or make them use special asci only,..
0blivious
The government already controls banking. If you think cryptocurrency won't be under heavy scrutiny by the world governments soon, you really are an optimist. They are already drafting things up now in many places. Problem is they are slow to react to any new tech but it will happen, especially now that it's gone mainstream.
nhlkoho
The Government will get involved eventually whether you like it or not.
D3M1G0D
I live in the province of Ontario in Canada, where electricity rates are notoriously high, yet mining would still be profitable. For mining to be unprofitable you'd have to pay something like 50 cents per kWh.
It will need to change to use fees or some other incentive. They could also alter the difficulty or payout if they wanted to keep it going as is. ETH is unlimited but it will eventually switch over to PoS, at which point GPU mining will no longer be possible.
That would be like the war on drugs. The government would waste an enormous amount of money and time tracking down non-violent people and will achieve virtually nothing (most of the large-scale mining happens in China and elsewhere). Aggressive police action is not the answer.
Korea is considering a ban on Bitcoin trading, not mining. China has already banned trading, but mining is still allowed (although they're trying to gradually kill it by raising electricity prices on miners). Also, the purpose of the crackdowns is to curb speculation and the potential economic fallout (it's certainly not for electricity or GPU prices).
fantaskarsef
Well it's been some time since I checked, back in the day when bitcoins were less than 1% of what they are now. But I pay about 0.16 €/kWH, I guess that'd still be profitable?
Then again, I don't support what they're doing, so I'm not really that interested to invest money into mining just to find out I joined to late and it's all gone because of the market crashing.
What's PoS? I guess it's pos but I guess that's not what you wanted to say hehe
D3M1G0D
PoS is Proof-of-Stake. It's an alternative system to the current PoW (Proof-of-Work) system, which doesn't require tons of computing power. I think they're currently testing it out and plan to implement it sometime this year (no firm timetable yet). When it goes live, GPU mining for ETH will be a thing of the past.
PoS won't be the end of GPU mining - there are still plenty of other coins which can be mined with GPUs - but it will remove one of the more profitable coins of late, reducing much of the incentive to mine. Of course by that time, ETH mining might become largely unprofitable anyways (in the past couple of months the difficulty has shot up some 30%+, and it keeps shooting up as more people cram in). This is one of the idiotic things about the mining craze - people see large profits from mining at the current price and difficulty and furiously buy up GPUs to mine, but by doing so they reduce profitability drastically, reducing the possibility of paying off those GPUs (nevermind making a profit). By the time you get into it, it's already too late. Bubbles always have their suckers, and those building mining rigs right now certainly fit that category.
jaggerwild
And so the beginning of the end for gamers, Nvidia loves the fact miners are gobbling up all the lower end cards driving prices sky high. Time to find a new hobby....................
