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The sooner all this nonsense ends the better, too many people have already been scammed for waayyyyy too much money. And I personally know five or six people w
by crunchlibrarian 8y ago
The sooner all this nonsense ends the better, too many people have already been scammed for waayyyyy too much money.
And I personally know five or six people who are trying to start their own coins around <insert any noun> and "make billions". They all seem to think their coin will replace all currencies and commodities forever.
It's the perfect fictional scam for our fictional times.
- raverbashing 8y agoGiven the amount of "free giveaway" scams in twitter there's still an endless supply of gullible people with money to spare
- XorNot 8y agoAlso GPU prices going down would be great.
- baybal2 8y ago>Also GPU prices going down would be great. Yes! I haven't had a gaming PC for a while. Been looking for GTX1080 for an ITX case, but ... it appeared that small form factor graphic cards were particularly popular among those miner guys I think I will take GTX1170 once it out there. People expect 1080 baseline performance at a saner power budget.
- crunchlibrarian 8y agoI completely forgot about that, I've been sitting on a 970 for years now, I stopped checking prices for video cards early last year and haven't even thought about it in months. It's quite bizarre to effectively be unable to upgrade your computer for a year or two. I had forgotten how regular that process was for me.
- Nursie 8y agoAFAICT graphics card prices are dipping a little right now, but at least part of that is fairly strong anticipation of nvidia announcing a new generation in a few days. Guess we'll see....
- theandrewbailey 8y agoNvidia announced/launched next gen Quadros yesterday. Gamescom is next week, and Nvidia is holding some "gaming celebration" there. https://www.nasdaq.com/press-release/nvidia-unveils-quadro-rtx-worlds-first-raytracing-gpu-20180813-00977 https://www.nasdaq.com/press-release/nvidia-unveils-quadro-r... https://www.nvidia.com/en-us/geforce/news/geforce-gaming-celebration-gamescom-2018/ https://www.nvidia.com/en-us/geforce/news/geforce-gaming-cel...
- marak830 8y agoAs someone who is also on a 970, and was tied into the regular upgrade cycle, it has actually been good for me. I have noticed I spend a lot less time reading up about new parts and chasing minor %s. I also think it's made my wife a lot happier haha.
- lima 8y agoI'm very hopeful about proof-of-stake for this reason. Mining is a massive waste of resources, and isn't very effective at decentralizing the network.
- Moodles 8y agoProof of stake has issues too I believe, such as the big getting bigger, "not at stake", etc. I agree it's a shame the work in bitcoin etc is useless for everything besides securing the blockchain, though.
- redisman 8y agoThey might even crash the second hand market at least if mining becomes unprofitable. Some people have tens or hundreds of good GPUs. I'm still running one of the AMD combined CPU/GPU things since all the good cards were ridiculous when I bought the PC. Looking forward to grabbing one of the nicer cards from the altcoin mines for $200
- hnisgroupthink 8y agoUnless the wealthy decide to opt out of currency wars(see Turkey).
- ForHackernews 8y agoThat's to say nothing of the ecological damage caused by wasting energy calculating trillions of useless SHAs.
- tim333 8y agoOne of the funny things in this bust (since Jan) is that the volume of money going in to the market has gone way down but more ICOs are launching than ever. I think rather than issuing 100 million tokens and selling 50 million for a dollar in the boom, people are now issuing a billion tokens but only selling 50 to their mates. I guess it means you can call yourself a billionaire in a rather delusional way.
- redisman 8y agoI'd like to hear anyones reasoning to put money into an "ICO". It sounds like a giant scam with no due diligence or accountability.