Earlier quoted context omitted.
what happens you only consume popular media and can't self express without cliche
Become President?
Trump invented his own cliches
Used GPUs flood the market as Ethereum's price drops below $150
11–20 of 361 posts
Re: Used GPUs flood the market as Ethereum's price drops below $150
#12Good, maybe video cards will start to come back in stock at their MSRP.
Re: Used GPUs flood the market as Ethereum's price drops below $150
#13GPU trading? More profitable than buying the underlying currency since GPU's in relatively good condition always hold a certain value?
High levels of correlation with BTC and ETH, along with other cryptocurrency, but a floor on how low it can go.
Pays off while holding by mining coins. Much like a dividend.
Re: Used GPUs flood the market as Ethereum's price drops below $150
#14Just took a quick look at this. If you are located in the 'mining valley' of Washington where power is ~2c/kwh you are still getting healthy profits. A computer with 7 GTX 1070 graphics cards should produce ~230 mh/s and draw 1 kw. This would cost approximately $30/month in power factoring in kw demand + cooling. The above setup will currently generate $385/month in ETH. So basically for miners who are in the right s…
But that's 385 / month revenue? On a setup that's what, $3400 to buy, for seven 1070s? Seems like asking for 10 months to cover capex is a bit thin, given the price instability.
Re: Used GPUs flood the market as Ethereum's price drops below $150
#15Its mostly RX series that are being sold off and the reason for that is the ever-increasing Ethereum DAG size. I dont know the specifics, but due to the DAG size the ETH hash rate on AMD RX400/500s is starting to slowly drop, and will be behind the performance of their Nvidia counter-parts in a few months time.
(Source: I run a mining operation.)
Re: Used GPUs flood the market as Ethereum's price drops below $150
#16Just took a quick look at this. If you are located in the 'mining valley' of Washington where power is ~2c/kwh you are still getting healthy profits. A computer with 7 GTX 1070 graphics cards should produce ~230 mh/s and draw 1 kw. This would cost approximately $30/month in power factoring in kw demand + cooling. The above setup will currently generate $385/month in ETH. So basically for miners who are in the right s…
But that's 385 / month revenue? On a setup that's what, $3400 to buy, for seven 1070s? Seems like asking for 10 months to cover capex is a bit thin, given the price instability.
> On a setup that's what, $3400 to buy, for seven 1070s?
Well you can always resell them on the used market after stopping the mining operation and get a decent chunk of the money back...
Re: Used GPUs flood the market as Ethereum's price drops below $150
#17Sorry if this is a dumb question, but does a single party control the difficulty level of Ethereum and Bitcoin? If so, it seems like they have massive control over the market. If not, how does it work?
Re: Used GPUs flood the market as Ethereum's price drops below $150
#18GPU trading? More profitable than buying the underlying currency since GPU's in relatively good condition always hold a certain value? High levels of correlation with BTC and ETH, along with other cryptocurrency, but a floor on how low it can go. Pays off while holding by mining coins. Much like a dividend.
Computer hardware depreciates rapidly, and is expensive to trade(shipping/testing/labour).
Re: Used GPUs flood the market as Ethereum's price drops below $150
#19Sorry if this is a dumb question, but does a single party control the difficulty level of Ethereum and Bitcoin? If so, it seems like they have massive control over the market. If not, how does it work?
The network collectively determines the difficulty based on how much compute power is being used. Specifically, it adjusts the difficulty up or down based on whether blocks are being found (relative to a constant expected duration) too quickly or too slowly respectively, which ensures the time taken to find blocks stays within a small interval.
The specifics of how Bitcoin does it can be found here: https://en.bitcoin.it/wiki/Difficulty
Re: Used GPUs flood the market as Ethereum's price drops below $150
#20Sorry if this is a dumb question, but does a single party control the difficulty level of Ethereum and Bitcoin? If so, it seems like they have massive control over the market. If not, how does it work?
I don't know about Ethereum, but in Bitcoin the amount of time previous blocks took to be found is used as an indicator of hash rate, and the difficulty is automatically adjusted to keep block generation at about 10 minutes per block, so no, it's not centralized. There isn't really anything that is truly centralized in BTC.