New to the forums? Click here to read the "How To" Guide.

Developer? Click here to go to the Developer Forums.

Crypto and Bitcoin miners are driving up the cost of VR

2»

Comments

  • SyrellarisSyrellaris Posts: 1,035
    Wintermute

    ... that's just an add I keep seeing when visiting.... erm... recreational websites. I don't think there's any mining involved 

    well if you do 10 or so Porn shoots for 100 a shoot a day, that would be 1000 a day!
  • snowdogsnowdog Posts: 7,502 Valuable Player
    Cryptocurrency is a bubble that will collapse at some point, it is a non sustainable money source. Got to admit to, it is the biggest scam people fell for. 
    and dont get me started about RAM prices .. If i were to buy 32 GB again, id pay almost 3 times for it now!

    Ram prices are up mainly due to smartphones though and well pure greed.

    Cryptocurrencies aren't going anywhere. People have been saying it's a bubble and harping on about tulips for YEARS. How long before this isn't a bubble? People have been saying it's a bubble since 2011, I think it was The Economist saying it back then. That was just over 6 years ago. :o
    "This you have to understand. There's only one way to hurt a man who's lost everything. Give him back something broken."

    Thomas Covenant, Unbeliever
  • RorschachPhoenixRorschachPhoenix Posts: 1,594 Valuable Player
    HODL
    Excuse my bad english. I speak to you through the google translator. :P
  • MowTinMowTin Posts: 1,916 Valuable Player
    snowdog said:
    Cryptocurrency is a bubble that will collapse at some point, it is a non sustainable money source. Got to admit to, it is the biggest scam people fell for. 
    and dont get me started about RAM prices .. If i were to buy 32 GB again, id pay almost 3 times for it now!

    Ram prices are up mainly due to smartphones though and well pure greed.

    Cryptocurrencies aren't going anywhere. People have been saying it's a bubble and harping on about tulips for YEARS. How long before this isn't a bubble? People have been saying it's a bubble since 2011, I think it was The Economist saying it back then. That was just over 6 years ago. :o
    I should do gamers a favor and invest in cryptocurrencies because the moment I invest is the moment the bubble will burst :)

    I thought that with technology the more demand for something the cheaper it became due to lower manufacturing costs as supply catches up with demand. In the long run, this will cause other manufacturers to start making high-end video cars and they'll compete at margins and higher volumes. 

    In the long run, the market should adjust leading to cheaper cards. It's also important the computing power needed to produce cryptocurrencies increase faster than the computing power needed to render VR. 
    i7 9700k 2080ti   CV1, Rift-S, Index
  • MradrMradr Posts: 3,758 Valuable Player
    edited February 2018
    I remember when this came out and when we started working on code to use the GPUs over the CPUs. It's scary now to see that from then really causing problems right now xD

    Either way, it's not stable enough to really be functional enough to take over real money but unfortunately it is stable enough that people are going to do it short term to make "free" money if people continue to buy and sale like it is stock. Unless something comes in and really mess it up/burst the bubble - then you get stuff like this. There are a few ways to cause this and one of them is happening already - people are not taking these things as real cash for a product or service anymore. As this slowly redacts it self - the less and less value the value of the stock becomes. This is already happening in some degree with steam and other vendors not taking it as money anymore.

    Another thing that is coming in the future is hardware design to mainly mine these things instead. This will remove GPUs from the factor and will help decrease the value of 2nd/1st hand cards for a short while. In some ways - this is going to shoot GPU makers in the foot and this is what they are worried about once this happens. Why will this happen? Because design hardware will be able to do many more hashes per watt than a general design card will. This sounds great for miners until they increase the number of hashes a person has to do produce per watt resulting in video cards not doing as well as custom design hardware could.

    The major design flaw is that they also use up "cheap" power. This is going to hurt us at some point meaning power prices are going to explode once we run out of that. There has been talk already in major cities of charging almost double once  you hit over a given power limit.
  • SyrellarisSyrellaris Posts: 1,035
    Wintermute
    snowdog said:
    Cryptocurrency is a bubble that will collapse at some point, it is a non sustainable money source. Got to admit to, it is the biggest scam people fell for. 
    and dont get me started about RAM prices .. If i were to buy 32 GB again, id pay almost 3 times for it now!

    Ram prices are up mainly due to smartphones though and well pure greed.

    Cryptocurrencies aren't going anywhere. People have been saying it's a bubble and harping on about tulips for YEARS. How long before this isn't a bubble? People have been saying it's a bubble since 2011, I think it was The Economist saying it back then. That was just over 6 years ago. :o
    So its a long lasting bubble, that ain't nothing new. Think is it is increasing power draw in second and third rate countries, even first rate countries like the west are having issues with it. Governments are currently thinking about making it illegal, china will be the possible first to do so.

    Companies are starting to no longer accept them and well, banks can just say no to paying out as well.

    It's a bubble, it will pop at some point.
  • BeastyBaiterBeastyBaiter Posts: 810
    3Jane
    It's a bubble much like the dotcom bubble of the late '90's early 2000's. The basic idea of cryptocurrency is sound, serves a purpose and a demand exists for it (which I expect to grow dramatically). It isn't going anywhere. But it's still a bubble that will pop at some point.
  • ZenbaneZenbane Posts: 15,154 Valuable Player

    Side note: We need more Bubbles in VR.

    In fact, I'd like to ride a bubble in VR.



    Are you a fan of the Myst games? Check out my Mod at http://www.mystrock.com/
    Catch me on Twitter: twitter.com/zenbane
  • hoppingbunny123hoppingbunny123 Posts: 815
    Trinity


    The bitcoin gpu rush will last through cv2. Ruin the vr till cv3, then asics will stop the gpu rush. Bitcoin won't pop.
  • vannagirlvannagirl Posts: 2,007 Valuable Player

    ... that's just an add I keep seeing when visiting.... erm... recreational websites. I don't think there's any mining involved 

    Ohhh

    Not mining

    Drilling  :o
    Look, man. I only need to know one thing: where they are. 
  • ZenbaneZenbane Posts: 15,154 Valuable Player
    Zenbane said:

    Side note: We need more Bubbles in VR.

    In fact, I'd like to ride a bubble in VR.





    Someone up there is listening lol

    This was just released for $2, and I bought it.

    Faucet VR
    https://www.oculus.com/experiences/rift/1497528783648022/


    Are you a fan of the Myst games? Check out my Mod at http://www.mystrock.com/
    Catch me on Twitter: twitter.com/zenbane
  • hoppingbunny123hoppingbunny123 Posts: 815
    Trinity
    fix the Faucet 




  • KlodsBrikKlodsBrik Posts: 1,201
    Wintermute
    Im amased that it makes sense even for miners to buy GPU´s at these prices:
     https://www.pcgamer.com/vendors-on-amazon-now-selling-6-packs-of-gpus-for-cryptocurrency-mining/
     
    Be good, die great !
  • bigmike20vtbigmike20vt Posts: 4,153 Valuable Player
    yep it sucks..... in the uk at least novatech are selling some gpus at pretty much RRP, but they are not in stock - yet - showing as soon.
    a perfect storm of memory prices/availability, miners eating up what stock there is and in the UK at least a weak pound.

    i am hoping in a few months supply will pick up to cover any demand.
    Fiat Coupe, gone. 350Z gone. Dirty nappies, no sleep & practical transport incoming. Thank goodness for VR :)
  • KlodsBrikKlodsBrik Posts: 1,201
    Wintermute
    edited February 2018
    Offcourse it was just a matter of time .. lol .. Greed knows no boundries.
     http://www.tomshardware.com/news/russians-arrested-cryptocurrency-mining-supercomputer,36489.html
     Not much info in the article though.
     Looking forward to hear what he / they actually accomplished to mine, if it will ever get released to the public that is.

    Be good, die great !
  • DaftnDirectDaftnDirect Posts: 5,716 Volunteer Moderator
    I read about that on the BBC. You have to question the intelligence of the nuclear scientists involved if they thought that connecting an off-grid supercomputer at a top secret nuclear facility to the Internet wasn't going to be detected. 
    Intel 5820K [email protected], Titan X (Maxwell), 16GB Corsair Vengeance DDR4, ASRock X99 Taichi, Samsung 500Gb 960 Evo M.2, Corsair H100i v2 Cooler, Inateck KTU3FR-4P USB 3 card, Windows 10 Pro v1909 (18363.836)
  • hoppingbunny123hoppingbunny123 Posts: 815
    Trinity
    Ya its probably because everybody is screened. Hustlers, scammers, crooks, they're all screened and found out.



    That's why you don't hustle, there's always someone watching:


  • snowdogsnowdog Posts: 7,502 Valuable Player
    The subway scene from the first episode of Person Of Interest is better. One of my favourite scenes in a telly programme ever. :)
    "This you have to understand. There's only one way to hurt a man who's lost everything. Give him back something broken."

    Thomas Covenant, Unbeliever
  • KlodsBrikKlodsBrik Posts: 1,201
    Wintermute
    I read about that on the BBC. You have to question the intelligence of the nuclear scientists involved if they thought that connecting an off-grid supercomputer at a top secret nuclear facility to the Internet wasn't going to be detected. 
    Totally agree ... I found myself shaking my head with a small smile on my head while I read the article, wondering about if those guys are allowed working with nuclear programs, it´s really a miracle our world is still around.
    Be good, die great !
  • Hiro_Protag0nistHiro_Protag0nist Posts: 4,978 Valuable Player




    That's why you don't hustle, there's always someone watching:



    As we used to say in the army - "that'll learn 'em".
  • kojackkojack Posts: 6,421 Volunteer Moderator
    edited February 2018
    When it comes to women on a train, you can't beat The Raid 2. (warning: quite violent)


    Although one that fits the previous theme a bit better might be:

    :)


    Why are people buying gfx cards to do mining? ASICs earn coins faster.
    Buy a $1000 Geforce 1080TI and earn $2.83 per day or get an AntMiner S9 for $2320 and earn $9.50 a day.
    The Geforce takes 353 days to pay for itself, while the AntMiner S9 only takes 244 days to pay for itself (and doesn't stop your PC from being useful for other stuff at the same time).
    The Baikal Giant X10 ASIC miner is coming out in a couple of weeks. Preorder cost is $6666, but it will currently earn $31.93 per day, so it pays for itself in just 209 days.
    After the first year of mining, you will have earned a profit of (taking into account initial purchase cost):
    1080TI - $32.95
    S9 - $1147.5
    X10 - $4988.45

    That's the crazy bit, buy a Geforce 1080TI for mining and you won't start making a profit until almost a YEAR of running non stop.
    Even longer if you take breaks to play VR games on it. :)

  • snowdogsnowdog Posts: 7,502 Valuable Player
    Yup. That's why anyone with any sense is Cloud Mining. Buying your own hardware (whether it's a GPU or an ASIC) is going to be great at the beginning but as difficulty levels rise your mining revenue decreases. If you Cloud Mine you can compound your hashpower with the Bitcoin you mine.
    "This you have to understand. There's only one way to hurt a man who's lost everything. Give him back something broken."

    Thomas Covenant, Unbeliever
Sign In or Register to comment.