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During the crypto bubble the miners often used regular gpus, sometimes with firmware modification for undervolting that were easily reversible. But we are not

by onli 6y ago

During the crypto bubble the miners often used regular gpus, sometimes with firmware modification for undervolting that were easily reversible. But we are not in a crypto bubble now, I'm not sure where gp is coming from with that comment.

josalhor 6y ago
> But we are not in a crypto bubble now In the last year bitcoin is over 200%. Litecoin is almost over 100% (in fact, since April it is over 200%). I have no horse in this race, but I am not sure I would call it "not a bubble".
- Jonnax 6y ago
  Hasn't these shifted to mostly ASIC?
  - josalhor 6y ago
    I think you meant to reply to another comment.
- imtringued 6y ago
  It's a bubble with some room to go even higher. Obviously it's going to pop one day but not today.
- onli 6y ago
  I meant this as "No GPU cyrpto mining bubble as no gpu mining takes place". Bitcoin and Litecoin are not mined with GPUs anymore. I was under the impression that no one bought GPUs for mining anymore in general, as it's a waste of money compared to specialized hardware. During the last crypto bubble I noticed a lot of regular people building mining PCs, this time I noticed nothing of that sort. However, https://www.notebookcheck.net/New-financial-analysis-suggests-the-Nvidia-RTX-3000-ongoing-shortages-could-be-pinned-on-crypto-miners.506389.0.html https://www.notebookcheck.net/New-financial-analysis-suggest... suggests I might have been wrong about that.
- littlecranky67 6y ago
  But there was a BTC halvening in May 2020 roughly doubling the amount of computing power required to mine same amount of coin. But I am not an expert on the mining economy so I have no idea if GPU mining is still a lucrative business.
ineedasername 6y ago
Did you mean my original comment? I've tracked prices. Also google "GPU shortage" and you'll see articles like clockwork for the last few years, but here's a specific example of a GTX 1060 w/ $249 MSRP that averaged > $350 new & used over it's life, with sharp increases in 2017 after which the price practically never dipped below 125% MSRP: https://camelcamelcamel.com/product/B01IEKYD5U https://camelcamelcamel.com/product/B01IEKYD5U

by onli 6y ago

josalhor 6y ago

> But we are not in a crypto bubble now In the last year bitcoin is over 200%. Litecoin is almost over 100% (in fact, since April it is over 200%). I have no horse in this race, but I am not sure I would call it "not a bubble".

Jonnax 6y ago
Hasn't these shifted to mostly ASIC?
- josalhor 6y ago
  I think you meant to reply to another comment.
imtringued 6y ago
It's a bubble with some room to go even higher. Obviously it's going to pop one day but not today.
onli 6y ago
I meant this as "No GPU cyrpto mining bubble as no gpu mining takes place". Bitcoin and Litecoin are not mined with GPUs anymore. I was under the impression that no one bought GPUs for mining anymore in general, as it's a waste of money compared to specialized hardware. During the last crypto bubble I noticed a lot of regular people building mining PCs, this time I noticed nothing of that sort. However, https://www.notebookcheck.net/New-financial-analysis-suggests-the-Nvidia-RTX-3000-ongoing-shortages-could-be-pinned-on-crypto-miners.506389.0.html https://www.notebookcheck.net/New-financial-analysis-suggest... suggests I might have been wrong about that.
littlecranky67 6y ago
But there was a BTC halvening in May 2020 roughly doubling the amount of computing power required to mine same amount of coin. But I am not an expert on the mining economy so I have no idea if GPU mining is still a lucrative business.

ineedasername 6y ago

Did you mean my original comment? I've tracked prices. Also google "GPU shortage" and you'll see articles like clockwork for the last few years, but here's a specific example of a GTX 1060 w/ $249 MSRP that averaged > $350 new & used over it's life, with sharp increases in 2017 after which the price practically never dipped below 125% MSRP: https://camelcamelcamel.com/product/B01IEKYD5U https://camelcamelcamel.com/product/B01IEKYD5U