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When is the bitcoin bubble going to burst?
Posted by: C(-)ris
Date: August 15, 2018 08:18PM
I'd really like to buy a new video card for my PC, but bit coin miners have driven prices up drastically. You used to be able to get a good video card for $200, now it is $600. Nvidia must love it, pure profit for them. I'm hoping bitcoin falls to the bottom and they all lose their money.

End Rant.



C(-)ris
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Re: When is the bitcoin bubble going to burst?
Posted by: freeradical
Date: August 15, 2018 08:54PM
When?

It's currently trading at around 1/3rd of its record high.
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Re: When is the bitcoin bubble going to burst?
Posted by: C(-)ris
Date: August 15, 2018 08:57PM
Quote
freeradical
When?

It's currently trading at around 1/3rd of its record high.

Still isn't low enough as long as there is money to be made mining. The value of the coin needs to drop below the energy and hardware costs to make it.



C(-)ris
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Re: When is the bitcoin bubble going to burst?
Posted by: sekker
Date: August 15, 2018 09:25PM
Quote
C(-)ris
Quote
freeradical
When?

It's currently trading at around 1/3rd of its record high.

Still isn't low enough as long as there is money to be made mining. The value of the coin needs to drop below the energy and hardware costs to make it.

Many 'miners' are stealing the energy, too
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Re: When is the bitcoin bubble going to burst?
Posted by: freeradical
Date: August 15, 2018 10:38PM
Quote
sekker
Quote
C(-)ris
Quote
freeradical
When?

It's currently trading at around 1/3rd of its record high.

Still isn't low enough as long as there is money to be made mining. The value of the coin needs to drop below the energy and hardware costs to make it.

Many 'miners' are stealing the energy, too

I wouldn't say stealing, but they've set up shop where there's cheap hydroelectric power to be found.
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Re: When is the bitcoin bubble going to burst?
Posted by: tenders
Date: August 15, 2018 11:50PM
Gotta believe the bitcoin bubble as it pertains to graphics cards is over. It's all about specialized ASIC chips now, graphics cards aren't efficient enough. Not sure why the prices of the cards are still high.
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Re: When is the bitcoin bubble going to burst?
Posted by: pdq
Date: August 16, 2018 12:41AM
Serious question: does bitcoin “mining” produce anything of value (other than bitcoin)?
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Re: When is the bitcoin bubble going to burst?
Posted by: AllGold
Date: August 16, 2018 12:58AM
Quote
pdq
Serious question: does bitcoin “mining” produce anything of value (other than bitcoin)?

Nope.
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Re: When is the bitcoin bubble going to burst?
Posted by: Lux Interior
Date: August 16, 2018 08:39AM
Quote
pdq
Serious question: does bitcoin “mining” produce anything of value (other than bitcoin)?

If you live in a cold climate, then the waste heat is useful.
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Re: When is the bitcoin bubble going to burst?
Posted by: mattkime
Date: August 16, 2018 08:51AM
Quote
Lux Interior
Quote
pdq
Serious question: does bitcoin “mining” produce anything of value (other than bitcoin)?

If you live in a cold climate, then the waste heat is useful.

Let me introduce you to the current state of planet earth winking smiley



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Re: When is the bitcoin bubble going to burst?
Posted by: billb
Date: August 16, 2018 10:49AM
Buy on the dips



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Re: When is the bitcoin bubble going to burst?
Posted by: Lew Zealand
Date: August 16, 2018 03:25PM
Quote
C(-)ris
I'd really like to buy a new video card for my PC, but bit coin miners have driven prices up drastically. You used to be able to get a good video card for $200, now it is $600. Nvidia must love it, pure profit for them. I'm hoping bitcoin falls to the bottom and they all lose their money.

End Rant.

What video card are you looking for? Most There are many options are at selling at or below MSRP now. I assume you're looking for a Vega 64 at that price and those won't be at $200 for a few years yet.

edit: "Most" total cards was an exaggeration but there are cards at most levels selling around or below MSRP



Edited 1 time(s). Last edit at 08/16/2018 03:38PM by Lew Zealand.
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Re: When is the bitcoin bubble going to burst?
Posted by: Lew Zealand
Date: August 16, 2018 03:34PM
For instance:

RX 580 for $240 (list $229)
RX Vega 56 for $450 (list $399)
GTX 1070 for $370 (list $379)
GTX 1070Ti for $450 (list $449)
GTX 1080 for $440 (list $499)
GTX 1080Ti for $630 (list $699)

High end AMD cards and low end Nvidia cards are still running at a significant price premium. FYI Nvidia will release the new RTX 2080 series on Monday so that should push high end Nvidia cards down a bit more though that may already be priced into the market.

[www.newegg.com]

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Re: When is the bitcoin bubble going to burst?
Posted by: The Grim Ninja
Date: August 16, 2018 03:47PM
At this point you're best to just wait until the next gen cards are available. Which will take a year for Apple to release drivers for... [or provide cooperation so NVIDIA can].
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Re: When is the bitcoin bubble going to burst?
Posted by: Forrest
Date: August 16, 2018 08:19PM
Nvidia GTX 1050Ti is going for $160 and GTX 1060 is going for $225. Doesn't sound too pricey to me.

According to this https://pcpartpicker.com/trends/price/video-card/ the price of the popular video cards have stabilized
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Re: When is the bitcoin bubble going to burst?
Posted by: sekker
Date: August 16, 2018 08:49PM
Plenty of Chinese bitcoin miners are 'tapping' into the power grid, with the government turning a blind eye.
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