Cant wait for this crap Cryptocoin mining fad to fail. That will be fun. Yes sir.

I wish Samsung all the best for this product.AMD "gaming" GPU sales dep should be worried...

HawaiianBrian:

Cant wait for this crap Cryptocoin mining fad to fail. That will be fun. Yes sir.

It will not fail until governments start to regulate and tax it. or in extreme cases: ban it.

sammarbella:

I wish Samsung all the best for this product.AMD "gaming" GPU sales dep should be worried...

Bitcoin is not mined with GPU's. Neither AMD and Nvidia would be affected. I do hope this ends soon, or I'll never be able to afford GPU's anymore.

This might actually end up being a good thing for us , if there is a dedicated hardware for the miners , the availability of pc hardware like the graphics cards should return to normal and the prices will fall .

Well good news for Samsung Link : https://overclock3d.net/news/software/samsung_has_dethroned_intel_to_become_the_world_s_largest_chipmaker/1

sammarbella:

I wish Samsung all the best for this product.AMD "gaming" GPU sales dep should be worried...

As stated earlier, GPUs aren't used for Bitcoin mining. But even if they were, AMD already got a saving grace from Ethereum and other currencies, and did financially better than anyone expected as a result. Assuming their (and Nvidia's) claims of "gamers first" is legitimate, I think they're well aware (or ought to be, anyway) that they can't depend on lucking out like this again.

Silva:

It will not fail until governments start to regulate and tax it. or in extreme cases: ban it. Bitcoin is not mined with GPU's. Neither AMD and Nvidia would be affected. I do hope this ends soon, or I'll never be able to afford GPU's anymore.

Some governments tried. Here we have tax requirement. And I glimpsed some rumor that Zuckerberg is going to block crypto adds/info on facebook. I wonder if it makes it actually fall. It has almost same chance to bring in all counter-block-anything people.

schmidtbag:

As stated earlier, GPUs aren't used for Bitcoin mining. But even if they were, AMD already got a saving grace from Ethereum and other currencies, and did financially better than anyone expected as a result. Assuming their (and Nvidia's) claims of "gamers first" is legitimate, I think they're well aware (or ought to be, anyway) that they can't depend on lucking out like this again.

AMD are going to be cashing in from Ethereum until it's switched to the proof of stake Casper system, and there's no real sign of when that will happen. There's been talk about Ethereum switching to proof of stake for over 2 years at least. It was only live in July 2015, they've been talking about a PoS system pretty much as long as it's existed. I won't believe it until it happens. And until that happens, the gaming market is absolutely fracked as every single mid to high end card instantly sells the moment it's available to a miner. As if the market wasn't already screwed enough with the high end being a monopoly. Gather your pennies to buy an Xbox 2 boys, because you're not going to get a reasonably priced GPU ever again until Ethereum pisses off, assuming something else doesn't replace it. Or until Gandhi reincarnates to smite nVidia and AMD for screwing us all so hard. I'm pretty sure he said he'd do that should the time come.

schmidtbag:

Assuming their (and Nvidia's) claims of "gamers first" is legitimate, I think they're well aware (or ought to be, anyway) that they can't depend on lucking out like this again.

Don't bet on that. Share holders looking for short term benefits are against gamers interest:

Su says that mining represents a "very small percentage" of AMD's overall business, somewhere in the mid single digits. When pressed further on the impact cryptocurrency mining has had on prices and availability, Su sort of avoided the question and pointed to gaming as being a much bigger market. "Well actually what we're seeing is gaming is a tremendous growth market for us. We love gaming, we are in the game consoles, we sell a lot of add-in board graphics cards, we actually sell quite a few graphics systems and what we've seen is that this is going to continue to grow," Su said.

http://www.pcgamer.com/amd-ceo-lisa-su-is-lukewarm-on-cryptocurrency-but-big-on-blockchain

I saw YouTube started showing ads about mining. This shit is getting out of hand and will cause the world to implode.

I guess we entering the zone of "Cryptocurrency too large to fail". Too many people want it to succeed and way too much money invested into it. Still can fail, though. All I can do is hope people don't go blind on profits and realize actual potential of cryptocurrency. Cryptocurrency giving interesting hints of what our future currency might look like. Perhaps this is the last century where we using paper cash and coins.

I'll wait in the wings patiently till crypto craps then it will be raining 1080Ti'S like pennies, you think Nvidia gives 2 craps about gamers? There 1080 TI'S are going for what a Titan goes for, at this point a titan isn't a bad bet.

I keep seeing posts that cryptomining doesn't use graphics cards. Each Graphics card will mine slightly differently depending on the way it is made. This is all about how each GPU runs the ETHASH algorithm which is key to the proof of work in Ethereum. They also use different amounts of power.

Who'd have thought the creation of money printing machines would lead to mayhem 🙁

sverek:

I guess we entering the zone of "Cryptocurrency too large to fail". Too many people want it to succeed and way too much money invested into it. Still can fail, though. All I can do is hope people don't go blind on profits and realize actual potential of cryptocurrency. Cryptocurrency giving interesting hints of what our future currency might look like. Perhaps this is the last century where we using paper cash and coins.

Except it is not too large to fail. It would be in case those cryptos were really currencies. But people mainly take them as commodity. Commodity value is driven by some mechanisms. And those have different strengths. If I look at copper, it has reasonably strong use, supply is driven by demand. OIL, strong use, supply is driven by demand. Purchased for purpose of transforming into another product with added value. With Cryptos, there is almost no use, can be legally declared illegal at any moment in any country. Supply is not driven by demand !!! And demand is not driven by transforming crypto into another product with added value. Demand here is driven by demand itself. (Bought a coffee with bitcoin? Look closely on mechanism involved and all costs in place. Likely most expensive generic coffee ever.) Insufficient supply within existing cryptos is instead compensated by popping yet another different crypto into existence. (And regular add: "Get it while it is cheap.") Cryptos have strong potential to crash to null. And more blown they are, stronger this potential gets.

It's funny how TV's Smartphones etc etc have "ECO" features, while mining is anything but ECO. I guess Samsung throws ECO right out of the window with this one.

Bubble gets bigger and bigger. We don't need paper currency, however, we need a secure form of digital currency which is based on Something tangible. Crypto isn't that.

cryohellinc:

Bubble gets bigger and bigger. We don't need paper currency, however, we need a secure form of digital currency which is based on Something tangible. Crypto isn't that.

lol, so what is? It seems all of you don't really get what's going. It's not about currency. It's a technology caled Blockchain and right now we already have new coins and tokens which use so called "Blockchain 4.0". Bitcoin is simply the first chain and doesn't do anything useful other than store value. We all know there are 21 million BTC. This makes it automatically a better store of value than anything physical in this world (gold). Go learn about all the cryptoprojects what they are all about. These aren't just to replace money, lol. And as far as the price of GPUs is concerned: do yourself a favor, go buy any legitimate coin, hold it a month or two and voila, go buy your new GPU and start mining because proof-of-work is slowly going away, this means if you don't get in now you'll most likely miss the "GPUmining"train. Sure, there will always be some POW coins remaining, but I'm betting they won't be very profitable. And for everyone saying this bubble will pop, lol, this thing is just getting started and is the future of basically everything you'll interact with. People laugh at BTC when it drops 30% in a day, what they fail to see is the continued growth over the years and that the drops get smaller and smaller. I mean, you something that has a 1000% growth over the year and people start FUDing over a 30% drop, ridiculous. The market of all Crypto right now is about 0.5Trillion $. People, that's WAY lower than what Apple worth is for example. Cryptos are massively undervalued and will only grow over the years. Mark my words. Get in or get left behind.

labidas:

lol, so what is? It seems all of you don't really get what's going. It's not about currency. It's a technology caled Blockchain and right now we already have new coins and tokens which use so called "Blockchain 4.0". Bitcoin is simply the first chain and doesn't do anything useful other than store value. We all know there are 21 million BTC. This makes it automatically a better store of value than anything physical in this world (gold). Go learn about all the cryptoprojects what they are all about. These aren't just to replace money, lol. And as far as the price of GPUs is concerned: do yourself a favor, go buy any legitimate coin, hold it a month or two and voila, go buy your new GPU and start mining because proof-of-work is slowly going away, this means if you don't get in now you'll most likely miss the "GPUmining"train. Sure, there will always be some POW coins remaining, but I'm betting they won't be very profitable. And for everyone saying this bubble will pop, lol, this thing is just getting started and is the future of basically everything you'll interact with. People laugh at BTC when it drops 30% in a day, what they fail to see is the continued growth over the years and that the drops get smaller and smaller. I mean, you something that has a 1000% growth over the year and people start FUDing over a 30% drop, ridiculous. The market of all Crypto right now is about 0.5Trillion $. People, that's WAY lower than what Apple worth is for example. Cryptos are massively undervalued and will only grow over the years. Mark my words. Get in or get left behind.

https://media.giphy.com/media/Vg0JstydL8HCg/giphy.gif

labidas:

lol, so what is? It seems all of you don't really get what's going. It's not about currency. It's a technology caled Blockchain and right now we already have new coins and tokens which use so called "Blockchain 4.0". Bitcoin is simply the first chain and doesn't do anything useful other than store value. We all know there are 21 million BTC. This makes it automatically a better store of value than anything physical in this world (gold). Go learn about all the cryptoprojects what they are all about. These aren't just to replace money, lol. And as far as the price of GPUs is concerned: do yourself a favor, go buy any legitimate coin, hold it a month or two and voila, go buy your new GPU and start mining because proof-of-work is slowly going away, this means if you don't get in now you'll most likely miss the "GPUmining"train. Sure, there will always be some POW coins remaining, but I'm betting they won't be very profitable. And for everyone saying this bubble will pop, lol, this thing is just getting started and is the future of basically everything you'll interact with. People laugh at BTC when it drops 30% in a day, what they fail to see is the continued growth over the years and that the drops get smaller and smaller. I mean, you something that has a 1000% growth over the year and people start FUDing over a 30% drop, ridiculous. The market of all Crypto right now is about 0.5Trillion $. People, that's WAY lower than what Apple worth is for example. Cryptos are massively undervalued and will only grow over the years. Mark my words. Get in or get left behind.

1st, cryptos have no value. 2nd, they are not currencies, but commodity 3rd, I can sit with you and explain you in terms understandable to imbeciles how bitcoin "gained". And why it is in short burst while it is going down outside of those bursts. (But from experience, those who are "IN" will not understand.) 4th, I know exactly what are limits on price, how they can be reached or breached. And process which will cryptos go through before the end. 5th There are ways to make it work. But they are not designed for survival. But I'll hint you anyway: - market depth vs. Volatility - > rectangle of willingness to sell at certain price vs. rectangle of willingness to buy at certain price - Average cost of buying from up rectangle vs. average price of selling to down rectangle - > Greed vs. Fear - - > tendency to follow or ignore big Guy buying Up rectangle - - > Risk assessment of purchasing at given price - Rate of adoption (completely new people joining the train) Sadly: - Math requirements to understand is around 3rd grade of elementary school. - Understanding statistics, reading graphs, that's high school level. - Understanding human psychology, effects of closed societies, crowd psychology, ... To understand how this all drives cryptos in different situations, you require knowledge and experience with which you can go and write scientific book about it. And I'll be evil. Because this is about money. Crypto with limited number of units (like Bitcoin) have inherent failure trigger. If you understand true reason for inflation, and what it is used for, you would suddenly start defending those greedy banks. (Hint: If we become galactic civilization, we will no longer need inflation.)