Asus says demand for graphics cards used to mine crypto is disappearing

m4a4

Posts: 2,887   +3,695
TechSpot Elite
Well, good for you, but the topic was why miners don't buy that many cards anymore at this moment. And that was what I was talking about. And I'm thinking full fledged miners, 24/7, at least 4-5 cards. Not someone that is gaming, doesn't care that much about ROI and just puts something on the side.
Then why did you mention you buying a card in 2-3 months if you were also not going to only mine with it, eh? Lol
 

Adhmuz

Posts: 2,239   +1,054
Let me guess, must be another nvidia gpu because DLSS and RT, correct?

No wonder nvidia and their cronies keep robbing you guys blind, they know the loyalty is absolute.
Let me guess, saw someone mention a nvidia product and something inside your head twitched forcing you to comment pointlessly to get attention to your meaningless crusade?
 

envirovore

Posts: 465   +868
TechSpot Elite
So it will give you ROI, unlike what you claimed before.

What a surprise, being disingenuous by avoiding facts and all lol
Two years to pay off a 300 dollar GPU which you wouldn't even be able to resell for close to that cost after is not a return on investment.

Edit: eh, I suppose *technically* it is, but it's a pretty dumb way to go about it.
20 bucks a month...lol. you 'earned' 4 gallons of gasoline. Less after transaction fees to transfer to FIAT, which just shows how absolutely useless crypto is if you have to convert it to FIAT and eat a charge for that for anything anyway.
 
Last edited:

emmzo

Posts: 609   +766
Two years to pay off a 300 dollar GPU which you wouldn't even be able to resell for close to that cost after is not a return on investment.

Edit: eh, I suppose *technically* it is, but it's a pretty dumb way to go about it.
20 bucks a month...lol. you 'earned' 4 gallons of gasoline. Less after transaction fees to transfer to FIAT, which just shows how absolutely useless crypto is if you have to convert it to FIAT and eat a charge for that for anything anyway.
My point exactly, thank you and yes, I forgot about charges for exchange. But with ETH dropping in value, while the hashrate also decreases due to algorithm difficulty, you can't even get 20 bucks monthly. So, depending on these variables, ROI could take forever.
 

m4a4

Posts: 2,887   +3,695
TechSpot Elite
Two years to pay off a 300 dollar GPU which you wouldn't even be able to resell for close to that cost after is not a return on investment.

Edit: eh, I suppose *technically* it is, but it's a pretty dumb way to go about it.
20 bucks a month...lol. you 'earned' 4 gallons of gasoline. Less after transaction fees to transfer to FIAT, which just shows how absolutely useless crypto is if you have to convert it to FIAT and eat a charge for that for anything anyway.
At least you edited in a thought-out response (as begrudgingly as it was). You know, I never said it was a great ROI (especially only stopping at 1 card), only that emmzo's claim that there was no ROI was false.

And then we're only looking at older, slower cards for those numbers. If someone actually wanted to mine, they would keep adding cards and those earning would go up pretty quickly (which is why mining has been so popular). And once a card has been paid off, those earning go to paying off the next card(s). Gotta look at the bigger picture...
 

envirovore

Posts: 465   +868
TechSpot Elite
At least you edited in a thought-out response (as begrudgingly as it was). You know, I never said it was a great ROI (especially only stopping at 1 card), only that emmzo's claim that there was no ROI was false.

And then we're only looking at older, slower cards for those numbers. If someone actually wanted to mine, they would keep adding cards and those earning would go up pretty quickly (which is why mining has been so popular). And once a card has been paid off, those earning go to paying off the next card(s). Gotta look at the bigger picture...

To put a little more perspective on my post. During winter months we use well over 20 bucks in power a day.

Old large houses take quite a lot to heat.
 

Squid Surprise

Posts: 5,335   +4,980
These cards paid for themselves. Have I said otherwise? Not only that, they made a hefty profit. But you need to pay attention, buddy, I was talking about now. NOW! That is the topic of the article. Tell you what, buy yourself a 3070 now for 700$, or a "cheap" 2060, maybe you'll find it for 370-380 $ and wait for ROI. Good luck!
Yes... and my links are for now... NOW!!

You can get $24 a day NOW with a 2060... and you can buy one NOW for $350 (which is still its MSRP, even years after release)....

No, it's not extremely profitable - it's also a cheap card... but if you ALSO use it for gaming, and mine on the side... why not?
 

kiwigraeme

Posts: 1,030   +768
To put a little more perspective on my post. During winter months we use well over 20 bucks in power a day.

Old large houses take quite a lot to heat.


That's crazy - Just waiting a quote for uPVC windows , door and French door install - uPVC is more expensive in NZ - as not as common as aluminum double glazing - plus has to survive high UV damage - was initially doing rooms with ripping out lathe and plastering- insulating relining etc - final rooms will just get some company to pump fluff into wall cavities - replace down lights ( now LED ) with led ceiling lights - Throw another layer of insulation in roof space to existing , throw polythene sheets down under house to stop rising moisture - already insulation in floor frames .
Already have a heat ventilation exchanger to get fresh air - and lower humidity .
Will not get ROI - but wife loves it warm - cheaper just to retrofit kitchen big aluminium windows to double glazing ( they turn single to double in situ ) - bit of fluff/wool blown in walls - some honey cone curtains in from of French doors and lounge windows .
However why not

For me if I put on my down booties - fleece pants - merino long sleeve top . Possum/merino beanie and jersey - probably be fine down to near zero Celsius and not feel bulked up.
Possum/merino is much nicer to the skin than straight wool - great socks as well - maybe NZ only product that we export - Possums unlike Australia , USA are a pest and not endangered at all

If you know some old person who is poor living alone and can't afford heating .
Best gifts are down booties and electric throw, and an easy to wear merino/fleece beanie - The throw a very soft fleece electric blanket they can cover themselves with probably only 100 to 200w but they will be warmer than a 2kw bar heater in an uninsulated room - except when they are on the move
 

godrilla

Posts: 438   +212
Crapto is dying. GPUs are getting cheaper, and the miners, GPU sellers, their shills, peddlers and the scalpers are getting an atomic wedgie.

The news are really good these days!!

Time to get a double bourbon and celebrate.
Cheers, got my 110 proof bourbon ready!

My prediction might come true this Black Friday DIY market will make a glorious PC master race comeback!
 

Suisam

Posts: 31   +45
Guys, its as simple as this.

When new GPU's come out that have a new larger hash rate, crypto skyrockets and GPU sales spike because of crypto miners causing card stocks to become lower and prices rise with demand etc and not to mention those dirtry scalpers.

After some time, crypto falls making it not as profitable, cards get sold second hand and prices drop because cards start to become more available as they are not being bought by miners.

Its a vicious cycle and it will happen again when the next generation of AMD and Nvidia cards get released.

Im still sporting my 1080 and also refuse to pay such stupid prices for a GPU.
 

Sausagemeat

Posts: 1,597   +1,421
Let me guess, must be another nvidia gpu because DLSS and RT, correct?

No wonder nvidia and their cronies keep robbing you guys blind, they know the loyalty is absolute.
It’s not “loyalty”. It’s simply that Nvidia GPUs are objectively far superior than the dumpster fire that is Radeon. You have to be as dumb as a bag of rocks to choose a Radeon over a GeForce. Don’t mistake that for blind loyalty to Nvidia. Most of Nvidias customers recognise Nvidias bullshit but they dont have a choice.