Graphics cards face further shortages as crypto prices rise

[NightAntilli]

I honestly thought you were serious about understanding what the issue is, but I just stopped reading here. "If there were no fiat, everyone would use Bitcoin. All 7.7bn people. Even the +40% of the global population in the developing world without reliable Internet plus those without electricity. And everyone would get 0.0025 Bitcoin worth $100,000 to $1m each or $250-$2500 wealth and 99-99.9% of young people would enjoy being homeless when the money supply is so starved barely 1 in every 100-1000 could get a BTC mortgage. And people will rejoice when governments naturally end healthcare, education, law enforcement, basic infrastructure, etc, due to inability to acquire funding. And a shrinking money supply will work perfectly on a planet with a growing population..."

Your Anarcho-Communist "utopia" of basically inflicting severe currency shortages on everyone to an extent of a permanent new 1930's Super Depression + liquidity crisis + no functional govt out of misplaced over-compensation for "I hate it when govts print too much money" seems to be the level of almost childlike completely divorced from reality ultra-idealism cluelessness of how the real world works for which there simply is no real intelligent debate to be had. Have a good day. LOL.

So you actually got no counter arguments left and have to resort to straw man arguments, poisoning the well, red herrings, appeals to ridicule and appeals to the stone.

YOU were the one that proposed to scenario of all fiat currencies disappearing overnight. That you don't like the response is your problem.
It's obvious you are not interested in actually having a conversation. You pretend to know more than you do and throw a tantrum when things don't go your way.
So. This is where this interaction ends. Goodbye.

 

[NightAntilli]

Can you please share a few of those "actual use cases"? I'm genuinely curioius. So far, everyone I have seen is using bitcoin (or other cryptocurrencies) as an investment alternative, and that's fine by me (however stupid and wasteful I think the whole scenario is, is irrelevant: people have the right to invest into whatever they like), however, not any "real life" use cases. Yes, in 2015, with some of my colleagues, we made a few "fun transaction" with bitcoin (it was around 600 at the time) to "welcome the future" (I was working in an "innovation lab" at the time), but that was just that: fun. It never replaced any function of any actual financial service in our lives. So, like I've said, I'm genuinely curious: what have I missed?

Decentralized finance, which has many branches, including lending, saving... This is the biggest one, because it applies to most individuals. But there are many more that are currently growing and applicable to industries and organizations;

- Royalties tracking, for example for musicians and other artists, where they get fair share rewards rather than a huge portion going to publishers.
- Secure storing and control over sharing of private information, for example medical data.
- Supply chain and logistics monitoring that cannot be tampered with.
- Immutable registry, for example for property assignation, or for immutable voting.
- Decentralized services without possibility of censorship (YouTube alternatives for example)
- Higher security for IoT devices

Take a look at the Basic Attention Token. You get paid to receive ads, or you can opt out of ads altogether. Imagine if Google gave you the option for you to get paid a portion of their income for watching ads, or to simply not provide you with ads at all. I don't think anyone would dislike that. Many innovations are happening that makes things more fair for everyone.

And I'm sure I'm forgetting a few and that there are a few that I don't know about.

 

[Avro Arrow]

This is just blowing my mind. I thought that these companies had made special cards for mining that were cheaper but had no video outputs. I seem to remember Linus playing with one because his resident tech genius managed to get it to output video through the on-board HDMI port. And yep, there it is:

Since it's faster to make them without the video output system, maybe they should make more of these.

 

[HardReset]

This is just blowing my mind. I thought that these companies had made special cards for mining that were cheaper but had no video outputs. I seem to remember Linus playing with one because his resident tech genius managed to get it to output video through the on-board HDMI port. And yep, there it is:

Since it's faster to make them without the video output system, maybe they should make more of these.

Why would anyone buy them unless price is very low? Miners gladly sell cards when they are no longer profitable and no gamer will buy those.

 

[Avro Arrow]

Why would anyone buy them unless price is very low? Miners gladly sell cards when they are no longer profitable and no gamer will buy those.

Well, I guess it depends on the gamer because according to Steam, the vast majority of gamers are using a GTX 1060. Those were in vogue four years ago so it's not impossible that many of them were purchased used from eBay back when the miners were almost giving them away. A high-end gamer on the other hand, you're right, we don't touch those. I only ever buy new cards because I want the warranty.

TRUE STORY: I have an XFX Radeon HD 4870 1GB from 2008 that is still under its double-lifetime warranty. I wonder what I'd get if I were to RMA the thing. I'm sure it wouldn't be much but it would most likely be far better than a 4870 because there's no chance that they'll have any of those lying around.

 

[m3tavision]

nVidia needs to stop with their hoaxes....

There is no video card shortage, Nvidia is discriminating against Gamers, and illegally selling their product in wholesale quantities to highest bidder.

That is not retail...

 

[Vanderlinde]

I paid 450 euro for a 5700xt as a upgrade from a 580. If miners where'nt collecting them like crazy we would be talking a 6800xt or so.

 

[Gastec]

As mentioned above by HardReset, ASICs are already in use for Bitcoin.

But cryptocurrency as a concept has decentralization at its center. So some coins go out of their way to create ASIC resistant algorithms to avoid centralization of power in the mining space, in order to give everyone the ability and a fair chance to mine coins and gain money. That's what for example Ethereum is all about. Other lesser known ones like Ravencoin were specifically designed for this, while coins like Bitcoin Gold and Horizen decided to fork from the main coin in order to become ASIC resistant.

Mine coins and gain money? I thought that crypto-coins ARE THE MONEY! Or are you just selling colored glass beads to the natives?

 

[Gastec]

Just wondering if any truth to the rumor of a 'tissue paper' currency. Apparently there are millions of folks hoarding tissue paper as a way of avoiding inflation of the British pound (or was it the Euro). Based on usage, this could reach astronomical heights (or maybe in other directions)..

I get the unresistable urge to a-wipe but can one eat "tissue paper" or am I missing something?

 

[Gastec]

That's easy, it's the one that government tells me to use!

I can only wish for you (edit: and ALL of us, all over the World) to live in a country no countries at all, where there is no "government" telling you what to do, no police and no army either. Something like the primitive commune. Of course death will come quick, but hey! NO GOVERNMENT!

 

[terzaerian]

I can only wish for you (edit: and ALL of us, all over the World) to live in a country no countries at all, where there is no "government" telling you what to do, no police and no army either. Something like the primitive commune. Of course death will come quick, but hey! NO GOVERNMENT!

Typically every time this has been tried a government came along and slaughtered them

 

[NightAntilli]

Mine coins and gain money? I thought that crypto-coins ARE THE MONEY! Or are you just selling colored glass beads to the natives?

I'm not selling anything. I'm telling the truth.

Some coins can be used as money, some cannot. Most of them have value, and can be exchanged to standard fiat if one so wishes. Or you can hold it, stake it, lend it, utilize it, depending on the coin.

Multiple places already accept different cryptos. Bitcoin is accepted in quite a few places, and Electroneum is also gaining some ground.

If you don't believe in the technology, that's your loss.

 

[terzaerian]

I'm not selling anything. I'm telling the truth.

Some coins can be used as money, some cannot. Most of them have value, and can be exchanged to standard fiat if one so wishes. Or you can hold it, stake it, lend it, utilize it, depending on the coin.

Multiple places already accept different cryptos. Bitcoin is accepted in quite a few places, and Electroneum is also gaining some ground.

If you don't believe in the technology, that's your loss.

I haven't sold anything I've mined for fiat. I've exchanged it for other cryptos, and stablecoins, but never "cashed out".

 

[Gastec]

I'm not selling anything. I'm telling the truth.

Some coins can be used as money, some cannot. Most of them have value, and can be exchanged to standard fiat if one so wishes. Or you can hold it, stake it, lend it, utilize it, depending on the coin.

Multiple places already accept different cryptos. Bitcoin is accepted in quite a few places, and Electroneum is also gaining some ground.

If you don't believe in the technology, that's your loss.

I have to believe in crypto-connaige? What is it, a religion?

 

[Gastec]

I haven't sold anything I've mined for fiat. I've exchanged it for other cryptos, and stablecoins, but never "cashed out".

Alright. But you do exchange "fiat" for food, right? You are human, not a digital AI by any chance?

 

[NightAntilli]

I have to believe in crypto-connaige? What is it, a religion?

You don't have to believe anything. You do whatever you wish. I know what I am doing and it is benefiting me. If you think you can do better in whatever else, go ahead. No one is stopping you. I do my part and explain things to the ones that are interested. The ones who are not interested are free to ignore me and go about their lives.

Emphasis on the "ignore me and go about their lives" part. Because it's quite obvious you're here to just to make a mess. You're not actually interested in conversing.