4 ms·

My favourite side effect is the Graphics Card prices coming back to realities.

highwaylights 4y ago
I’d still wait if I were you. That’s a red hot used market that Lovelace still needs to sell into. The drops aren’t done yet.
- xmprt 4y ago
  Are used graphics cards worth buying or does bitcoin mining cause significant wear and damage to them?
  - Asraelite 4y ago
    Bitcoin mining is done with ASICs, not GPUs afaik. It's other currencies like Ethereum that use GPUs. I don't know what the extent of damage is though.
    - scoopertrooper 4y ago
      Ethereum is down about 80% from their all-time-high and 74% from the start of 2022. It's a massacre for the whole scene.
    - Taniwha 4y ago
      Some of us are waiting for the FPGA rigs to start to flood the market so we can do other stuff with them ..... the lower BTC goes the better I did like the comment someone made on twitter the Elon's raving causing crypto to crash had done more for the planet than all the teslas ....
    - kevingadd 4y ago
      A few different people have done tests to verify whether GPUs used for eth mining took any damage from doing so, and haven't managed to find any evidence that it damages the card more than regular use. Running cards under severe load nonstop for years could potentially shorten their lifespan by a tiny bit due to electromigration or wear out the fans, but that's about it. Of course, any used GPU could be defective, so you need to be careful buying one no matter what. https://www.youtube.com/watch?v=hKqVvXTanzI https://www.youtube.com/watch?v=hKqVvXTanzI https://youtu.be/3WWfj7RF_z8?t=381 https://youtu.be/3WWfj7RF_z8?t=381
  - notum 4y ago
    No. Properly maintained card in a mining rig is usually in a better condition than the same card that has been used for gaming, simply because it was less often thermally stressed.
delaaxe 4y ago
Prices are gonna be dirt cheap after Ethereum switches to proof of stake in September
- Jarmsy 4y ago
  Hasn't that been promised and delayed dozens of times already? Do you think it will ever really happen?
  - dylkil 4y ago
    it will happen by september, testnets already merged and merging
  - tarsinge 4y ago
    In recent years I have not seen it scheduled then delayed, only there was a long roadmap where progress was slow but ongoing, development is very transparent. And now that it’s ready and that the merge already happened in testnets it really looks like FUD to repeat that like we were in 2018.
  - TimJRobinson 4y ago
    Yea they've already completed it on 1 of the 3 testnets and it went well. Other two in the next two months then mainnet deployment probably September.
af78 4y ago
Are there still people using graphics card for crypto? I thought specialized chips had made them noncompetitive years ago.
- MandieD 4y ago
  You’re right about Bitcoin mining, but high-end gaming cards are still favored for Ethereum mining, which is why any card capable of handling it (more than 4-6 GB RAM) has been ridiculously expensive, even old cards.
dubswithus 4y ago
Gaming — which fuels the sedentary and obesity epidemic. Maybe crypto is useful after all?

I’d still wait if I were you. That’s a red hot used market that Lovelace still needs to sell into. The drops aren’t done yet.

xmprt 4y ago
Are used graphics cards worth buying or does bitcoin mining cause significant wear and damage to them?
- Asraelite 4y ago
  Bitcoin mining is done with ASICs, not GPUs afaik. It's other currencies like Ethereum that use GPUs. I don't know what the extent of damage is though.
  - scoopertrooper 4y ago
    Ethereum is down about 80% from their all-time-high and 74% from the start of 2022. It's a massacre for the whole scene.
  - Taniwha 4y ago
    Some of us are waiting for the FPGA rigs to start to flood the market so we can do other stuff with them ..... the lower BTC goes the better I did like the comment someone made on twitter the Elon's raving causing crypto to crash had done more for the planet than all the teslas ....
  - kevingadd 4y ago
    A few different people have done tests to verify whether GPUs used for eth mining took any damage from doing so, and haven't managed to find any evidence that it damages the card more than regular use. Running cards under severe load nonstop for years could potentially shorten their lifespan by a tiny bit due to electromigration or wear out the fans, but that's about it. Of course, any used GPU could be defective, so you need to be careful buying one no matter what. https://www.youtube.com/watch?v=hKqVvXTanzI https://www.youtube.com/watch?v=hKqVvXTanzI https://youtu.be/3WWfj7RF_z8?t=381 https://youtu.be/3WWfj7RF_z8?t=381
- notum 4y ago
  No. Properly maintained card in a mining rig is usually in a better condition than the same card that has been used for gaming, simply because it was less often thermally stressed.

delaaxe 4y ago

Prices are gonna be dirt cheap after Ethereum switches to proof of stake in September

Jarmsy 4y ago
Hasn't that been promised and delayed dozens of times already? Do you think it will ever really happen?
- dylkil 4y ago
  it will happen by september, testnets already merged and merging
- tarsinge 4y ago
  In recent years I have not seen it scheduled then delayed, only there was a long roadmap where progress was slow but ongoing, development is very transparent. And now that it’s ready and that the merge already happened in testnets it really looks like FUD to repeat that like we were in 2018.
- TimJRobinson 4y ago
  Yea they've already completed it on 1 of the 3 testnets and it went well. Other two in the next two months then mainnet deployment probably September.

af78 4y ago

Are there still people using graphics card for crypto? I thought specialized chips had made them noncompetitive years ago.

MandieD 4y ago
You’re right about Bitcoin mining, but high-end gaming cards are still favored for Ethereum mining, which is why any card capable of handling it (more than 4-6 GB RAM) has been ridiculously expensive, even old cards.

dubswithus 4y ago

Gaming — which fuels the sedentary and obesity epidemic. Maybe crypto is useful after all?