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Online Freddy
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A couple of weeks back someone mentioned that if the bubble burst then we might see a lot of cheap second hand cards. It struck me the other day, that whilst this may come to pass, I don't think I would buy a card that may have been used for mining. They overclock and run those things 24/7 full whack pretty much I bet.

So all that heat...and due to it they fill large warehouses in Iceland as it works out cheaper than running the cooling in a more temperate climate. Serious computing power.

But anyway, I think I would still buy a new card over a second hand one. So it's a matter of waiting and hoping.
Posted March 09, 2018, 14:59:17 PM Logged

Offline DaveMorton
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That's a really good point, Freddy. Still, for me I think it may well be worth the risk, at least in the short term. I won't be broke forever, but the hole I'm in will take a long time to get out of, so I'm still looking for a short term solution, and unless the market for new cards undergoes a drastic change, this may well be my only option when the time comes.
Posted March 09, 2018, 16:54:33 PM Logged
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Online Freddy
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Yes short term might be okay. I'm always a bit iffy about second hand kit, I generally avoid it these days if I can afford to. For a long time all my PCs were second hand parts.
Posted March 09, 2018, 23:51:48 PM Logged

Online Data
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If and when the bubble does burst we should see a big drop in new GPU prices too, however if you could get two used for the price of one new than it might be worth a punt, It's all going to come down to cost.

I'm with Freddy about the second hand kit, however I would seriously consider a used CPU, they just seem so reliable these days, most other components fail more often. CPU's end up in the bin still working.

I'm really not convinced that the bubble will burst any time soon, cryptocurrency is here to stay  Sad
Posted March 10, 2018, 10:29:37 AM Logged

Offline Carl2
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  Back in the old days I bought a second hand TV, didn't work and couldn't get it to work.  I buy new and won't go for a refurbished.  I'm seeing the same old GPU's for sale at the same prices, rather funny when a new AMD Vega just off the line sell for tripple the price it was ment to sell for.
Carl2
Posted March 10, 2018, 16:36:01 PM Logged

Offline sybershot
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newegg sells gpu's around retail price but you have to click under sellers tab and choose newegg. you also have to select auto notify for they do not last long.
Posted March 13, 2018, 23:51:11 PM Logged

Offline Carl2
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  I've looked at B&H and Best Buy, both of them seem to have very little selection.  Newegg has a much better selection but according to a Toms Hardware review the prices are higher than the original price. 
Carl2
Posted March 14, 2018, 10:09:20 AM Logged

Online Data
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I checked the prices here in the UK today, all cards seem to be at least 2x and some are 3x the original retail prices  very-angry 
Posted March 14, 2018, 10:30:56 AM Logged

Offline Carl2
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  I'm honestly upset about them charging double or more, I feel like I'm being robbed.  A 1070 is to high and thought about the 1060, now I'm looking at the 1050, to me it is wasted money, a few years and it's worthless.  Oh the 1050 is only 75 W which I like.
Carl2
Posted March 14, 2018, 17:17:52 PM Logged

Online Data
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It looks like there "might" be some light at the end of the tunnel, apparently there is a limited amount of bitcoin that can be mined, once they hit that the bubble might burst  fingers crossed 

In the meantime the miners are using vast amounts of elasticity, damaging the environment (this was not why wind turbines have been installed) and killing off PC gaming.

This vid explains some of it:   

Posted March 24, 2018, 12:14:06 PM Logged

Offline DaveMorton
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That's not going to be any time soon, Data. According to the video, there are a total of just under 21 million bitcoins that can ever be "created" (mined? whatever). However, according to coincentral.com there are currently only about 4.3 million that have been mined since its inception. Another cryptocurrency site estimates that we won't run out of bitcoin to mine until the year 2140, though it will cease to be profitable to mine them long before that time. It could well be that this "bubble" will not be quick to pop, given that. The real question here is when will it no longer be profitable to GPU mine any cryptocurrency. I suspect that date is still a very long way off, indeed. sign-sad
Posted March 24, 2018, 17:38:00 PM Logged
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Online Data
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Thanks for the analysis Dave, I was looking, hoping for an end to this mining and thought I had found some light at the end of the tunnel, turns out I was trying too hard.

It really isn't going to end any time soon is it  Sad 
Posted March 25, 2018, 10:08:32 AM Logged

Offline DaveMorton
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I was looking, hoping for an end to this mining...

We all are, Data. We all are.

Perhaps we should consider collaborating on a project to write an open letter to the collective manufacturers of video cards, appealing to their better angels, to ask them to not give in to the greed. It's entirely possible for them to sell their products at a fair price, but with strict limits on quantity and frequency (something like no more than 2 cards per purchase, per month, per address, and that from a special website). Sure, there would still be ways to get around that, and there would also be individuals/small businesses who would be hurt by such a restriction, but no more so than having to pay the outrageous prices that now prevail in the current market. The GPU manufacturers would make a little less profit, but they would also benefit from an enormous amount of goodwill from the gaming community. Perhpas this idea is a bit naive, but it's also hopeful.
Posted March 25, 2018, 13:20:44 PM Logged
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Offline Carl2
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 I just watched a movie on Hulu last night about Cody Wilson who distributed plans to make a 3 D printable plastic gun and ran into problems with the government and sued the government.  He also got into the bit coin thing and went a bit further with Dark Wallet.  It seems we have enough people with free time and free money to play with the system and create their own banking system rather than support the existing ones.  Lord knows there will still be drug traffic and money laundering and their providing a safer way to do this.
  Since new AMD Vegas are selling at such high prices I'm begining to thine the manufactures are just loving the prices we face.  They are also selling less cards because of the video being in the processors.
Carl2
 
Posted March 25, 2018, 14:33:17 PM Logged

Online Freddy
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Open letters or petitions can work. I've signed a few things, we just had a success with getting Tesco to ban plastic straws.

Imagine how many frustrated gamers there are out there.
Posted March 25, 2018, 20:16:14 PM Logged
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