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> If you're looking to build a new gaming PC or upgrade your existing graphics card, just wait a little longer and definitely don't buy any graphics card for mo
by yuan43 4y ago
> If you're looking to build a new gaming PC or upgrade your existing graphics card, just wait a little longer and definitely don't buy any graphics card for more than $500. Prices on existing GPUs will continue to drop, and the new stuff is right around the corner.
To be clear, no mass-produced GPU can profitably mine Bitcoin.
- rhacker 4y agoCan a mass produced GPU profitably mine bitcoin if the electricity was "free" somehow?
- latchkey 4y agoIf you mean "free" as in "stolen", yes. If you mean "free" as in "solar", then the amount of time to reach ROI would be so long that it wouldn't make much sense.
- Sohcahtoa82 4y agoThe GPU would need to be stolen, too. You'd never reach ROI on a GPU.
- deleted 4y ago[deleted]
- ComputerGuru 4y agoIt doesn't have to be stolen, it could have simply "fallen off the back of a truck." /s (This actually doesn't happen as much as it used to twenty years ago with step-by-step inventory checkins made possible w/ RFID chips and barcodes combined with mobile network connections).
- Kerrick 4y agoWhat about “free” as in “my solar array is large enough to produce $0 in electricity charges all winter, and the excess I sell back in summer/autumn/spring cannot be cashed out or used to cover my connection charges (and even if it could is sold at a pittance anyways)”? :)
- latchkey 4y agoThat's what I said, but wasn't clear enough to you. The hardware capex for mining BTC with GPUs would outweigh any 'free' power you have access to. You can't just focus on one aspect of this business in order to calculate your ROI.
- deleted 4y ago[deleted]
- Dylan16807 4y agoThat pittance is more than what bitcoin mining would get you. It sounds like your scenario is more or less "free" power, but you're not going to truly profit; you bought too many solar panels and you're trying to mitigate the losses. (And maybe the overbuilding was on purpose, as insurance against grid trouble, but it still means a good chunk of money lost.)
- culi 4y ago> "free" as in "solar" What does this even mean? The average solar panel lasts 25 years and starts to degrade in efficiency before that. And then you have batteries which of course are also going to degrade and need to be replaced over time. Many countries are starting to get more serious about e-waste as well now that China has decided it won't take the world's trash any more so you might even have to occur a cost for getting rid of used panels as well. There's plenty of costs in solar energy, so what does "free" mean here? Are you trying to take into account the possibility of selling excess energy back to the grid?
- viceroyalbean 4y agoPresumably the upfront cost for a solar panel, and then assuming 0 cost for electricity past that.
- ugjka 4y agoIf electricity was free it would also be "free" for ASIC farms
- MBCook 4y agoYes, but you’d still mine much faster with an ASIC.
- Sohcahtoa82 4y agoGPUs haven't been profitable for Bitcoin mining in years. Anyone mining on a GPU was likely mining Ethereum.
- anonporridge 4y agoThat hasn't stopped social media from incessantly blaming bitcoin for GPU shortages sadly.
- WASDx 4y ago"bitcoin" is used as a catch-all term for cryptocurrency.
- 01100011 4y ago> definitely don't buy any graphics card for more than $500 Ef that, I'm buying a 20GB 4080 when they come out for doing stable diffusion research and gaming. I'm still rocking a 1060. I doubt a 4080 is going to drop below $500, recession or not.
- derac 4y agoThe 4080 tis might have 48 gb salivating emoji
- dyingkneepad 4y agoI always wonder how many people have their boss's machines in their boss's offices mining bitcoin 24/7...