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> His decision was based on the price of ethereum doubling or so in the last month. Wouldn't it be a lot less time and effort just to buy the crypto currency a
by kogepathic 9y ago
> His decision was based on the price of ethereum doubling or so in the last month.
Wouldn't it be a lot less time and effort just to buy the crypto currency and hold it?
I mean it seems a bit foolhardy to get into currency speculation (because that's what this is) by investing a large amount of money on hardware they don't have an alternate use for...
- jacobush 9y agoIt's easier to avoid taxes that way.
- floatboth 9y ago> they don't have an alternate use for You can always have an alternate use for GPUs. Password recovery, Folding@Home, machine learning stuff (nvidia is more supported for ML, but there are OpenCL packages), extreme overclocking for HWBot points, of course you can sell GPUs to gamers, build gaming PCs with them and sell those to gamers, keep a couple to build a multi-GPU gaming setup for yourself :D
- idonotknowwhy 9y agoThose GPUs would have gone up in value. I bought a bunch of RX580's last week, and can sell them second hand for more than I paid. Same thing happened when I was mining in 2013. Sold my hardware for a profit after I'd mined profitably.
- dogma1138 9y agoIf ETH drops by more than half his machine is still profitable; on the other hand buying it now is a bit risky if it collapses back. ETH was 8$ in Jan now it's almost 250$.