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Miners in China supposedly throwing out their rigs after this latest crash made them too expensive to keep running. https://twitter.com/DoveyWan/status/1064878
by ladybro 8y ago
Miners in China supposedly throwing out their rigs after this latest crash made them too expensive to keep running.
https://twitter.com/DoveyWan/status/1064878600594305025 https://twitter.com/DoveyWan/status/1064878600594305025
- pavel_lishin 8y agoIt's difficult for me to accept that it's cheaper to wheelbarrow out a bunch of machinery, than it is to just cut power to a warehouse for a month.
- all2 8y agoDoes this mean GPUs will be flooding the market? I've been looking to buy something for gaming... https://us.bidvoy.net/gtx_1070/27386 https://us.bidvoy.net/gtx_1070/27386 Guess not. I suppose if most of the miners are on BTC, they'll be using custom ASICs.
- prolikewh0a 8y agoThe price of other crypto's reliant on GPU's will also fall with the price of Bitcoin, likely making them unprofitable. GPU prices are fairly cheap right now to be honest. I just picked up a GTX 1060 6GB for $139.
- Symbiote 8y agoAs replies point out, the man is dressed in summer clothes. Many replies say it clean-up from a flood earlier this year.
- tshannon 8y agoIs any of that hardware useful or anything other than mining? Or is all of that hardware investment a loss? If it the latter, then what an incredible waste.