4 ms·

I can only hope. I don't care about Bitcoin, but they've been preventing me from finishing this system build. If it had been useful, I wouldn't mind so much.

pcr0 9y ago
This chicken game won't do anything to dampen GPU prices. All Bitcoin mining is done on ASICs.
- ElCapitanMarkla 9y ago
  Bitcoin not so much, a drop in Ethereum miners etc will have an effect.
- jacques_chester 9y ago
  Blockchain currencies have correlated price movements. Bitcoin rose and so did the others; bitcoin is falling and so are the others. Other asset classes show similar behaviour. When the share market dives, the individual fundamentals of companies suddenly have much less import. During a surge, ditto.
numismatex 9y ago
Buy directly from NVidia, put in a notification when stock is available.
atomical 9y ago
Why not blame the companies that makes the GPUs?
- pixl97 9y ago
  Because GPU manufacturers don't want to play chicken with Eth prices either. If they double manufacturing capacity and the market collapsed they would be screwed.
  - atomical 9y ago
    So the customer is responsible for metering their usage of said products?
    - AboutTheWhisles 9y ago
      Where is this assumption coming from that there is even a problem? Demand goes up, prices go up. Sorry you can't buy a GPU as cheap as you could a few months ago, that's life.
      - Filligree 9y ago
        I can't get the GPU I need. That's a problem for me. You can argue that it's also the market working correctly, but if you drop the 'market' abstraction and look at what people are actually doing, they're burning a lot of power and resources for no actual useful purpose and causing minor problems like this in the process. At best, this demonstrates a coordination problem. If we're so bad at coordinating that we can't build a functional economy even with the minimal central control implied by fractional reserve banking and central banks, but have to do stupidly inefficient things instead of having even a single trusted party, then humanity sucks rather more than expected. At worst, well. The above isn't actually true. The existing, fiat-based economy works just fine, and Bitcoin doesn't. It's inherently deflationary, it's a prototype -- all the things so many people have already mentioned. So why are we doing it?
        AboutTheWhisles 9y ago
        > I can't get the GPU I need You mean you can't get the GPU you want at a price that fits your expectation. > then humanity sucks rather more than expected Interestingly I think it may be beneficial to adjust your expectations in this area too. > The existing, fiat-based economy works just fine, and Bitcoin doesn't. It works fine for you. Also bitcoin isn't the reason GPU prices are high, it is other cryptocurrencies and interestingly they actually work because they aren't being intentionally destroyed from the inside out. > It's inherently deflationary Doesn't matter, and guess what, when people have a choice in their currency, they aren't going to choose something that inflates. > it's a prototype According to who and what definition?
jacquesm 9y ago
Bitcoin isn't. Bitcoin mining on GPUs has been dead for a long time. The more likely cause is that the GPUs you want are ending up in deep learning projects or some niche altcoin miners.
- ufo 9y ago
  That said,altcoins have always tended to go up and down together with bitcoin
  - mtgx 9y ago
    And people who drive cars tend to experience sudden deaths. It's not the driving that kills people, it's the car crashes that do. What I'm trying to say is that this is just correlation not causation. It's not Bitcoin going up that rises your GPU prices, it's Ethereum and the fact that it uses GPU-based mining. If no cryptocurrency used GPU-mining, then your GPU prices wouldn't rise, even if the the prices of cryptocurrencies went up by 100x . Do you see how correlation is different than causation?
mtgx 9y ago
It's not Bitcoin doing that. TheVerge (or whoever told you it's Bitcoin's fault) are idiots for calling it the "Bitcoin mania" recently as the reason for your high GPU costs. Bitcoin has nothing to do with GPU prices as no miner uses GPUs. It's Ethereum and other GPU-mining cryptocurrencies.

pcr0 9y ago

This chicken game won't do anything to dampen GPU prices. All Bitcoin mining is done on ASICs.

ElCapitanMarkla 9y ago
Bitcoin not so much, a drop in Ethereum miners etc will have an effect.
jacques_chester 9y ago
Blockchain currencies have correlated price movements. Bitcoin rose and so did the others; bitcoin is falling and so are the others. Other asset classes show similar behaviour. When the share market dives, the individual fundamentals of companies suddenly have much less import. During a surge, ditto.

numismatex 9y ago

Buy directly from NVidia, put in a notification when stock is available.

atomical 9y ago

Why not blame the companies that makes the GPUs?

pixl97 9y ago
Because GPU manufacturers don't want to play chicken with Eth prices either. If they double manufacturing capacity and the market collapsed they would be screwed.
- atomical 9y ago
  So the customer is responsible for metering their usage of said products?
  - AboutTheWhisles 9y ago
    Where is this assumption coming from that there is even a problem? Demand goes up, prices go up. Sorry you can't buy a GPU as cheap as you could a few months ago, that's life.
    - Filligree 9y ago
      I can't get the GPU I need. That's a problem for me. You can argue that it's also the market working correctly, but if you drop the 'market' abstraction and look at what people are actually doing, they're burning a lot of power and resources for no actual useful purpose and causing minor problems like this in the process. At best, this demonstrates a coordination problem. If we're so bad at coordinating that we can't build a functional economy even with the minimal central control implied by fractional reserve banking and central banks, but have to do stupidly inefficient things instead of having even a single trusted party, then humanity sucks rather more than expected. At worst, well. The above isn't actually true. The existing, fiat-based economy works just fine, and Bitcoin doesn't. It's inherently deflationary, it's a prototype -- all the things so many people have already mentioned. So why are we doing it?
      - AboutTheWhisles 9y ago
        > I can't get the GPU I need You mean you can't get the GPU you want at a price that fits your expectation. > then humanity sucks rather more than expected Interestingly I think it may be beneficial to adjust your expectations in this area too. > The existing, fiat-based economy works just fine, and Bitcoin doesn't. It works fine for you. Also bitcoin isn't the reason GPU prices are high, it is other cryptocurrencies and interestingly they actually work because they aren't being intentionally destroyed from the inside out. > It's inherently deflationary Doesn't matter, and guess what, when people have a choice in their currency, they aren't going to choose something that inflates. > it's a prototype According to who and what definition?

jacquesm 9y ago

Bitcoin isn't. Bitcoin mining on GPUs has been dead for a long time. The more likely cause is that the GPUs you want are ending up in deep learning projects or some niche altcoin miners.

ufo 9y ago
That said,altcoins have always tended to go up and down together with bitcoin
- mtgx 9y ago
  And people who drive cars tend to experience sudden deaths. It's not the driving that kills people, it's the car crashes that do. What I'm trying to say is that this is just correlation not causation. It's not Bitcoin going up that rises your GPU prices, it's Ethereum and the fact that it uses GPU-based mining. If no cryptocurrency used GPU-mining, then your GPU prices wouldn't rise, even if the the prices of cryptocurrencies went up by 100x . Do you see how correlation is different than causation?

mtgx 9y ago

It's not Bitcoin doing that. TheVerge (or whoever told you it's Bitcoin's fault) are idiots for calling it the "Bitcoin mania" recently as the reason for your high GPU costs. Bitcoin has nothing to do with GPU prices as no miner uses GPUs. It's Ethereum and other GPU-mining cryptocurrencies.