31–40 of 134 posts
TIL all it takes to be a reputable "industry insider" is an anonymous reddit account.
Do you really need to be an "industry insider" to make any of their observations? Nothing they said seems to require they be actual "industry insider".
The demand from the cryptocurrency users will be extremely high until they've spent a particular amount in total. They can do that with 1000 units, or with 5000 units.
Obviously auctioning off units would be bad for having predictable prices for retail customers but that is irrelevant if aggressive miner buying is buying up all the supply.
Moreover, shareholders at the manufacturers should be demanding it: they're leaving money on the table.
It's interesting that that's precisely where we are with video cards-- the easiest way to get one is to buy a prebuilt system from any of the big names. It's really not much of a stretch to see HDs go to exactly that same pressure point.
What should I read to prepare myself to take advantage of the cheap used high end hardware that will hit the market do build a Windows or Linux system for my own pleasure.
I've never built a PC. I expect the crytpocurency bubble to collapse because my tech ignorant accountant friend asked what I know about building a crypto mining rig. What should I read to prepare myself to take advantage of the cheap used high end hardware that will hit the market do build a Windows or Linux system for my own pleasure.
It's really important that manufacturers start responding to cryptocurrency induced shortages with auctions. The demand from the cryptocurrency users will be extremely high until they've spent a particular amount in total. They can do that with 1000 units, or with 5000 units. Obviously auctioning off units would be bad for having predictable prices for retail customers but that is irrelevant if aggressive miner buyin…
Also, remember when Martin Shkreli increased the price of an anti-parasitic drug by 5000%? That upset a lot of people, and arguably it's what put him in jail. Of course, HDDs are not quite the same as vital medicine.
I've never built a PC. I expect the crytpocurency bubble to collapse because my tech ignorant accountant friend asked what I know about building a crypto mining rig. What should I read to prepare myself to take advantage of the cheap used high end hardware that will hit the market do build a Windows or Linux system for my own pleasure.
>I've never built a PC.
Definitely worthwhile. Basically lego for adults. Tons of good info here
Now Chia wants to eat all the hard disks, and I am pissed. I declare war on hegemonizing proof-of-waste swarms. Burn the coins. I want that disk space back.
Hm, based on this I ordered 1x16TB and 2x14TB HDD drives right away (the maximum allowed at that seller, ~60% surcharge to the price from a week ago). If HDDs/SSDs end up as obtainable as GPUs, we are going to experience some serious troubles... I somehow managed to get 3x3090FE but that was just super lucky timing. I am not sure what grad student Deep Learning researchers are going to do?
Earlier quoted context omitted.
Opportunity cost. By keeping my cash in bitcoin I can now buy (well, not with this shortage) 5 times more hard drives than last black Friday.
> By keeping my cash in bitcoin I can now buy (well, not with this shortage) 5 times more hard drives than last black Friday. Probably only 4 after you pay the appropriate capital gains taxes, I'd hope. :)