Zotac enrages gamers with tweet celebrating crypto mining

[QuantumPhysics]

Tell that to India.

 

[NightAntilli]

Tell that to India.

Yeah... Tell that to India

Is Ban on Cryptocurrency a Step in The Right Direction? Here's What India Thinks

A whopping 84 percent of users said no, while only 16 % think that the government's decision is justified.

www.india.com

 

[terzaerian]

I wonder if Amazon does that.

Ugh, I hope not.

One of the legitimate risk factors of Bitcoin is the threat of a "51% Attack" - a scenario where a single entity overwhelms the chain with more computing power than every other node on the blockchain. Basically a hostile takeover, but with sheer computing power. In such a position, they'd be able to falsify transactions and double-spend Bitcoin.

Whoever performs the attack would likely not be able to enjoy it for long, though, as it would crash the market and probably lead to a chain split by the legitimate players, but it would be very messy for a while. Amazon or Google are probably the only private entities that could pull it off, but it would still be incredibly costly.

Yeah... Tell that to India

Is Ban on Cryptocurrency a Step in The Right Direction? Here's What India Thinks

A whopping 84 percent of users said no, while only 16 % think that the government's decision is justified.

www.india.com

It's hilarious when elites pretend a ban on crypto means the end of crypto. Banning weed sure lead to the end of weed, didn't it?

 

[QuaZulu]

Maybe we should be thanking Zotac instead of shunning them? At least they had the balls to come forth about crypto mining on their end....makes you wonder how many other AIB companies are doing this without actually saying anything....running some mining builds just because they can.

While I do agree it was a tactless thing to post since new GPUs are almost impossible to come across, I urge people to not be just upset with Zotac. All AIB companies, Nvidia (possibly even AMD, but I don't recall reading any specific news stories about them selling directly to miners/scalpers) and retail companies have been selling off massive amounts of GPUs to higher bidders to turn a fast, high profit. These mining outfits and scalpers don't just come across all their GPUs from botting sites and if you think they do then you should take a better look around and realize botting sites to snatch up GPUs is only a small part of the whole problem.

There is no way miners or scalpers could have gotten their hands on dozens and dozens of GPUs without the aid of AIB/manufacturers/retailers selling to them on the backend before the cards even officially went on sale.

As a consumer, we have a handful of options at our fingertips for how we've all been treated by the whole gambit:
1) boycott (which won't happen because people aren't willing to do so and also it won't matter since these companies will have miners to sell to until crypto mining on GPUs is no longer viable) AIBs/manufacturers for this whole fiasco they helped create
2) bend over backwards and take it up the *** with the artificially inflated prices from retailers when they do get some kind of stock in
3) keep waiting and see if inventory ever balances out and prices recede (this is not very likely, at least not anytime soon) or get extremely lucky to buy a card near MSRP
4) turn to the scalpers to acquire hardware
5) walk away from the PC building/gaming hobby and find other things to spend your money on

Personally, I'm waiting on option 3.

One also might turn to boutique sellers of systems. It's not ideal as you'll pay @25% markup across the board. But ... 25% markup on MSRP on RTX3000 series seems to be a deal right now and perhaps worth paying 25% markup on the rest of the components (?)

 

[pcnthuziast]

This industry doesn't need the lower level consumers anymore. The ruling class is bigger, more diverse and more interested in gaming and pc tech than ever before and they have no trouble getting what they want where cost is never an issue. When speaking about availability we are only really speaking about people wanting what they can't afford. Not what is or isn't available. Cards can be bought every day of the week and have been since launch.

 

[PEnnn]

Whenever we try socialism, I.e. trying to artificially control the market, it has bad consequences. For some reason, people are still trying and even promoting those types of actions.

Socialism?? You really mean Communism. And no, they're not the same and not interchangeable. Only rubes think they are

And furthermore, that "free" market you speak of...I guess you never heard of capitalist governments very frequently interfering in the stock market (among other things: Halt trading completely) when it becomes unstable and threatens the top 1% with big losses, have you?? Or is that kind of market manipulation OK in your book?

Have you read about GameStop at all lately??

 

[NightAntilli]

Socialism?? You really mean Communism. And no, they're not the same and not interchangeable. Only rubes think they are

Even if there are difference, financially, they both have the same effect.

And furthermore, that "free" market you speak of...I guess you never heard of capitalist governments very frequently interfering in the stock market (among other things: Halt trading completely) when it becomes unstable and threatens the top 1% with big losses, have you?? Or is that kind of market manipulation OK in your book?

Have you read about GameStop at all lately??

This in no way contradicts what I said.

 

[PEnnn]

Even if there are difference, financially, they both have the same effect.

Yeah, those Scandinavian countries, Germany, France, UK etc, are in the poor house because they have a socialist system! Right?

Do you have health insurance, car insurance, police and fire depts, garbage collection, public schools etc, in your village?? Guess who is paying for them?? Don't like socialism? Then stop using them just to prove your useless point!!

Again, you don't have the faintest clue what you're talking about. Just wasting bandwidth and people's time with your non-knowledge.

 

[Avro Arrow]

I don't have a problem with mining per se because I believe that people are free to do what they want with what they own, Zotac was galactically stupid to lord it over its main customer base in this way.

The sad thing is that people are so desperate for video cards that they'll buy ANY card, even a Zotac. Honestly though, I find it pathetic that people could be "desperate" for a stupid video card. I had to RMA my RX 5700 XT and while it was gone I was gaming just fine with my R9 Fury. I actually kinda regret getting the RX 5700 XT because the R9 Fury managed to run both Godfall and Assassin's Creed: Odyssey just fine. Sure, I had to turn off a lot of the eye candy but I didn't even notice most of it until I got my replacement RX 5700 XT. The extra eye candy that I can see with it wasn't worth the $490CAD because all my games were perfectly playable without it and I didn't even notice it. Oh well.

 

[Avro Arrow]

Yeah, those Scandinavian countries, Germany, France, UK etc, are in the poor house because they have a socialist system! Right?

Do you have health insurance, car insurance, police and fire depts, garbage collection, public schools etc, in your village?? Guess who is paying for them?? Don't like socialism? Then stop using them just to prove your useless point!!

Again, you don't have the faintest clue what you're talking about. Just wasting bandwidth and people's time with your non-knowledge.

The difference between you and him is that you talk sense.

 

[NightAntilli]

I don't know who deleted my comment. To the one who did, especially without any notification as to why; Shame on you.

In any case, I have only one thing left to say...;

The things that you call "socialism" are called regulated free markets everywhere else.

The fact that you actually think such a thing as a regulated free market exists says everything. It's either regulated, or it's free. It cannot be both.

 

[PEnnn]

The difference between you and him is that you talk sense.

Those same people pointing to Venezuela as a failed country (which has been under severe US embargo for 10+ years, or Cuba, under US embargo for 60 years, where even medicine is not allowed to be brought in!) conveniently overlook the mile-long lines of people in the US.
Those long lines? People in lines waiting at food banks to get a bite to eat / can't afford a meal. Whether after a few weeks of an epidemic, 1 week of government shut-down. Last week is a good example also, look what happened: The no-regulations and drowning in oil, the "rich" mini-country called Texas:
People in Texas have no power, food or clean water...sounds like that other country they're using as a failed example, doesn't it??

And yes, all this is happening in the womb of the mother of Capitalism, the "richest" country on the planet, the US.

But hey, look Venezuela!!

 

[mbrowne5061]

You should write to these retailers and complain if you feel that way. It’s up to them how many they sell to each user. They will announce a 1 per customer policy whilst at the same time negotiating a backhand deal with miners.

Of course I don’t think they give a dam. They just want to be seen to be giving a dam to please people like you.

The thing is, after all this if retailers started stocking cards at MSRP are you going to boycott them? I don’t think so. Demand is higher than supply and that means if you’re after a card you are at a disadvantage. It’s economics 101..

After the retailers start stocking the cards at MSRP, of course I'll buy from them. That's the whole point of not buying from them while they are selling cards above MSRP and letting bots mass-buy cards as stock comes in. I haven't even tried to purchase a new GPU despite still being on "just" a 1080ti.