GPU prices... is this going to kill PC gaming?

There was a recommended solution which is a bit absurd, however, ingenious, and Machiavellian.

The approach is for gamers to use their GPUs to mine which would in turn drive up the respective algorithms' difficulty to the point where they are not profitable for miners. This eventually would deter many miners or would be miners. The old, "if you can't beat them, join them" approach.

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I was wrong and you and Sean are right. Here's an article on the Samsung chips that you mention.
https://www.theverge.com/2018/1/31/16954366/bitcoin-cryptocurrency-mining-asic-chips-samsung

 

My gtx 1080ti is now double the price I paid for it end of nov 17. On amazon now for £1200! It’s crazy

I spotted one incorrectly priced at £1 the other day, snapped it up there and then but they cancelled the order the next morning lol. Worth a punt

 

when I was around 10 yrs old, I had to go over the road to the coop, to purchase some washing powder.

On the Box had two price tags, the manageress told me by consumer rights, I could buy the washing powder for the lowest ticket price.

a few years down the road, I went into a Indian corner shop,
fancied a Mars Bar (choc) there was two price tags, one the official Price stated by the company,
And a marked up ticket price set by the owner of the shop.

Lets just say I paid the lowest price, he threatened to call the police, and I said go on.

Slammed down the 24pence and walked out of the shop with a mars bar.

The moral of the story is: Always pay for the lowest price marked.

Anyhoo thinking of selling my 1080, hmmmm complete new system for when the bubble bursts j/k

 

I still don't understand bitcoin and why it's valued so high

 

On of the factors is the Rus govt, Bitcoins being anonymous allows them to bypass sanctions.

https://news.vice.com/en_us/article...-all-in-on-bitcoin-and-everyones-got-a-theory

 

There's a shortage of supply to demand.
For many there's a demand because its not regulated by a government. That's the simple way of saying it.
https://www.express.co.uk/finance/c...e-record-high-why-is-bitcoin-rising-BTC-value
Other reasons for demand are money laundering, drug trafficking and as Orne alludes to it allows for unregulated international transfer of funds.
https://www.coindesk.com/dea-report-bitcoin-used-trade-based-money-laundering/

 

Am I correct in assuming that the reason for the massive price increases on graphics cards is simply because they have all been snapped up by these BitCoin surfers, and there are not enough cards being produced to replace them?

 

Well this whole thread is basically about that...

First of all how does even bitcoin is legal, how it is even considered as money ? To me it is all figet spinners again. Fools gold ?

 

I think that's pretty much European law, if there's an advertised price the seller can't change it at the till. Maybe it's just an Irish law, there was a big scandal about the price of pints and putting up prices after a certain time a few years ago. So if you go into an Irish bar and see a price for a a drink written somewhere they have to give it to you for that price. Probably works for food and other stuff too, but it was drink that people cared about.

 

You mean you don't own any?


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Fidget spinners were hot for about 3 minutes. Bitcoin has been around for 10 years but most people have just heard of it recently, guarantee this won't be the last they hear of it.

https://en.wikipedia.org/wiki/History_of_bitcoin

 

Fidget spinners were hot like forever

http://www.dailymail.co.uk/sciencet...0-year-old-fidget-spinner-ancient-weapon.html

 

BitCoin
BlockChain
BullCrap

I'm seeing a pattern here...

 

From what I’ve read ( having a vested interest ), the seller can cancel any order at anytime up until it’s despatched with no comeback and without needing to specify a reason. If the order has already been charged for at that point they just have to refund the money.

I write eBay order and inventory management software for a living and this is news to me also as I was always under the impression that, as you suggest, the advertised price has to be honoured.

Maybe online checkout rules differ from physical checkout rules in that respect

 

I just checked Irish law and it says mistakes happen, if the price ends up being higher than expected at the till you can just not buy it. But the seller is supposed to notify you of the higher price. It looks like it allows for mistakes in pricing and giving the seller the benefit of the doubt. But I think there are laws in place if a supermarket was shown to be intentionally misrepresenting prices and overcharging at the till.

There's a grey area that would require an investigation and evidence of consistent abuse to be able to prosecute someone it seems.

 

Just to clarify, AFAIK it's not bitcoin mining that is driving GPU prices high, it's more other cryptocurrencies like Ethereum, Litecoin which run a different proof-of-work algorithm that requires lots of fast memory. Hopefully Ethereum switches soon to proof-of-stake, that should somewhat help (but probably other currencies will start to pop up that use the same algorithm).

Anyways, it's a nasty thing, hope it bursts soon enough, these things should be illegal, the tech behind is interesting, but people making lots of money out of thin air does not sound right...

 

Ha-ha-ha, Russians again. Of course.

 

There's hope this will end soon:

https://www.theguardian.com/technol...story-says-economist-who-predicted-2008-crash

 

...........annnnnnddddddddddd...........
Here's why there is a shortage of cards. Go to 2:36 for the short version.