You're talking to the wrong people :)  Most of us in here already know the risks, and if we weren't "mining" we'd be putting our rigs towards other projects like BOINC or Folding, which most of us already do.  We've been at it a lot longer than you've been a member, and know a lot more than yourself.  Everything has it's risks, and not everything has it's rewards.  EVGA was the #1 in compute power before mining came along, and will be the #1 team in computer power once mining dies.  BOINC and other computer projects usually get you nothing in return but scientific data and imaginary internet points and badges.  We just play on these things.  You're talking to the wrong people.
 
People in this forum will spend thousands of dollars just to increase their BOINC results and get faster compute times.  EVGA members are a different kind of breed.  We have this forum here to answer questions for users who want to stray from the path and try new things, so please don't come here and poison it with your negativity.  A few of our advanced users have bought whole rigs with their "fake profits"  of this "fake money" scam.  So please, don't speak of things you know nothing about.  It's possible you got burned by not doing research and now you're just trying to spread FUD for everyone else.  Don't be a Negative Nelly, please.  
 
You're new and don't know the community, I suggest you read some more threads before you make another comment, please.  You'll realize that everyone here is a different breed.

Ranmacanada
You're talking to the wrong people :)  Most of us in here already know the risks, and if we weren't "mining" we'd be putting our rigs towards other projects like BOINC or Folding, which most of us already do.  We've been at it a lot longer than you've been a member, and know a lot more than yourself.  Everything has it's risks, and not everything has it's rewards.  EVGA was the #1 in compute power before mining came along, and will be the #1 team in computer power once mining dies.  BOINC and other computer projects usually get you nothing in return but scientific data and imaginary internet points and badges.  We just play on these things.  You're talking to the wrong people.
 
People in this forum will spend thousands of dollars just to increase their BOINC results and get faster compute times.  EVGA members are a different kind of breed.  We have this forum here to answer questions for users who want to stray from the path and try new things, so please don't come here and poison it with your negativity.  A few of our advanced users have bought whole rigs with their "fake profits"  of this "fake money" scam.  So please, don't speak of things you know nothing about.  It's possible you got burned by not doing research and now you're just trying to spread FUD for everyone else.  Don't be a Negative Nelly, please.  
 
You're new and don't know the community, I suggest you read some more threads before you make another comment, please.  You'll realize that everyone here is a different breed.

Sonny boy, I have been a computer techie for over 34 years.
 
My nic "Nec_V20" should have given you a wee bit of a hint. That was the first hardware upgrade I did for myself (mod if you like) from a 4.77 MHz Intel 8088 to the 8 MHz NEC V20 CPU. I had to unsauter the quartz oscillator on the board and replace it with a new one.
 
Back in the day that would have been expensive if I had screwed it up.
 
I have been a member of the Seti@Home project since the 1990's (and that was around before BOINC). So please, do educate me.
 
You might want to think about that before trying to talk down to someone just based on the amount of posts they have on a forum.
 
And BTW this is not the first time in recent memory where people have been suckered into a "get rich quick" scheme. The victims of the last bust are not all that far in the past.

bill1024
Get off my lawn you kids

rjohnson11
Any inherent cryptomining comes with risks, similar to the risks of stocks and bonds. 

I would have to agree. Those people who invested in Microsoft back in the early 80's made out very well though if you put in a few hundred now in Microsoft it might gain some ground but probably not nearly as much as it did over 30 years. Everyone wants the big payday but in reality it doesn't pay out as big as they would hope.
 
That said I don't think mining could be labeled as a scam. It's just people are not going to get rich off of it and it's probably not worth buying a lot of video cards unless you plan to also game a little bit and enjoy them.
 

Nec_V20
 
In this case however EVGA and other manufacturers selling GPUs or PSUs during this fool's errand/gold will end up LOSING money.
 

Yes, those who make profit off every item they sell will loose money... that is ridiculous. They can only profit from massive sells and at worst shift future profit to now, earning a little less than they would have otherwise bit still making profit non the less.

The only time they loose anything money is on returns or overestimating demand and sitting on a ton of stock when the next gen rolls around.

I think it really to get his Post Count to a 100 and that is why the OP is picking on the Topics in the Forum.
Had he said he as been in Cryptocurrency for over 34 years then we might have even more of an issue. 
 
I Found a better Avatar for you than the Finger One. Nec_V20

 

bcavnaugh
I think it really to get his Post Count to a 100 and that is why the OP is picking on the Topics in the Forum.
Had he said he as been in Cryptocurrency for over 34 years then we might have even more of an issue. 
 
I Found a better Avatar for you than the Finger One. Nec_V20

 

Oh yeah, that brings back good memories, but I prefer mine.
 
If I were wanting to get my post count up to 100 that wouldn't be much of a task, being a touch typist (not much of choice seeing that I use a DasKeyboard Ultimate) and not reliant on the hunting and pecking method of typing.
 
 
 

Nec_V20
If you spend a lot of money on buying GPUs and a high wattage PSU to think you will get some kind of return on your money then forget it.
 
It is a scam. The only people making money out of this are the ones who actually control the currency itself - and that is not you. You are the serf getting scraps off the table and those scraps will never make up for the investment in hardware you have to make to partake in this "Free Money" scam.

I dont care if your first CPU was a punch card.
I use my compute power for the greater good, i dont even care if theres a bonus of a few bucks here and there.
I lost my daughter needlessly to a Disease that I hope to have a hand in curing.
If I can score some Coins to put toward more hardware to do so, you can bet your lil CPU that Ill do so.
Im 1057th in the world and 107 on Team EVGA. And if I had the $ to do so Id be number One.
Nigerian Princes dont power the Cures of tomorrow, but Team EVGA does.
 
Go to your mailbox and send in your publishers clearing house entry, work 40 more years for a retirement of 40% of what you originally couldnt make a living on, but dont come in bashing mining, folding, or the Blockchain.
Who knows, we may have already cured your future alzheimers in this scam as you call it.
 

Nec_V20

Ranmacanada
You're talking to the wrong people :)  Most of us in here already know the risks, and if we weren't "mining" we'd be putting our rigs towards other projects like BOINC or Folding, which most of us already do.  We've been at it a lot longer than you've been a member, and know a lot more than yourself.  Everything has it's risks, and not everything has it's rewards.  EVGA was the #1 in compute power before mining came along, and will be the #1 team in computer power once mining dies.  BOINC and other computer projects usually get you nothing in return but scientific data and imaginary internet points and badges.  We just play on these things.  You're talking to the wrong people.
 
People in this forum will spend thousands of dollars just to increase their BOINC results and get faster compute times.  EVGA members are a different kind of breed.  We have this forum here to answer questions for users who want to stray from the path and try new things, so please don't come here and poison it with your negativity.  A few of our advanced users have bought whole rigs with their "fake profits"  of this "fake money" scam.  So please, don't speak of things you know nothing about.  It's possible you got burned by not doing research and now you're just trying to spread FUD for everyone else.  Don't be a Negative Nelly, please.  
 
You're new and don't know the community, I suggest you read some more threads before you make another comment, please.  You'll realize that everyone here is a different breed.

Sonny boy, I have been a computer techie for over 34 years.
 
My nic "Nec_V20" should have given you a wee bit of a hint. That was the first hardware upgrade I did for myself (mod if you like) from a 4.77 MHz Intel 8088 to the 8 MHz NEC V20 CPU. I had to unsauter the quartz oscillator on the board and replace it with a new one.
 
Back in the day that would have been expensive if I had screwed it up.
 
I have been a member of the Seti@Home project since the 1990's (and that was around before BOINC). So please, do educate me.
 
You might want to think about that before trying to talk down to someone just based on the amount of posts they have on a forum.
 
And BTW this is not the first time in recent memory where people have been suckered into a "get rich quick" scheme. The victims of the last bust are not all that far in the past.

The fact that you are trying to personally attack me, and call me "sonny boy" makes you lose all credit.  At this point I am just going to ignore all the detritus that comes from your posts.  You're "age" is only superceded by your ignorance.  Quite a few of us, including myself have more experience than you.  Now please go away and stop spreading your lack of knowledge.  For most of us, this is a personal fight.  As I've said EVGA was the top in compute power, and once this mining thing goes away it will be again. 
 
I'd kindly tell you where to go, but this is a family friendly forum, so those words aren't allowed on here. This is battle that you've already lost.  So please do let the door hit you on the way out.  It might knock some manners into you.

Ranmacanada

Nec_V20

Ranmacanada
You're talking to the wrong people :)  Most of us in here already know the risks, and if we weren't "mining" we'd be putting our rigs towards other projects like BOINC or Folding, which most of us already do.  We've been at it a lot longer than you've been a member, and know a lot more than yourself.  Everything has it's risks, and not everything has it's rewards.  EVGA was the #1 in compute power before mining came along, and will be the #1 team in computer power once mining dies.  BOINC and other computer projects usually get you nothing in return but scientific data and imaginary internet points and badges.  We just play on these things.  You're talking to the wrong people.
 
People in this forum will spend thousands of dollars just to increase their BOINC results and get faster compute times.  EVGA members are a different kind of breed.  We have this forum here to answer questions for users who want to stray from the path and try new things, so please don't come here and poison it with your negativity.  A few of our advanced users have bought whole rigs with their "fake profits"  of this "fake money" scam.  So please, don't speak of things you know nothing about.  It's possible you got burned by not doing research and now you're just trying to spread FUD for everyone else.  Don't be a Negative Nelly, please.  
 
You're new and don't know the community, I suggest you read some more threads before you make another comment, please.  You'll realize that everyone here is a different breed.

Sonny boy, I have been a computer techie for over 34 years.
 
My nic "Nec_V20" should have given you a wee bit of a hint. That was the first hardware upgrade I did for myself (mod if you like) from a 4.77 MHz Intel 8088 to the 8 MHz NEC V20 CPU. I had to unsauter the quartz oscillator on the board and replace it with a new one.
 
Back in the day that would have been expensive if I had screwed it up.
 
I have been a member of the Seti@Home project since the 1990's (and that was around before BOINC). So please, do educate me.
 
You might want to think about that before trying to talk down to someone just based on the amount of posts they have on a forum.
 
And BTW this is not the first time in recent memory where people have been suckered into a "get rich quick" scheme. The victims of the last bust are not all that far in the past.

The fact that you are trying to personally attack me, and call me "sonny boy" makes you lose all credit.  At this point I am just going to ignore all the detritus that comes from your posts.  You're "age" is only superceded by your ignorance.  Quite a few of us, including myself have more experience than you.  Now please go away and stop spreading your lack of knowledge.  For most of us, this is a personal fight.  As I've said EVGA was the top in compute power, and once this mining thing goes away it will be again. 
 
I'd kindly tell you where to go, but this is a family friendly forum, so those words aren't allowed on here. This is battle that you've already lost.  So please do let the door hit you on the way out.  It might knock some manners into you.

You set the tone with:
"We've been at it a lot longer than you've been a member, and know a lot more than yourself."
 
There's a German saying, "The way you shout into the forest is the way it echoes back"
 
Once you have been doing BOINC for over 15 years is the day that you can accuse me of being a n00b. As I said, I got involved with Seti@Home in the Summer of 1999 long before it was consolidated under BOINC . I very well understand the feeling of doing good with my spare computing capacity and have appreciated the effort that others have made to make it possible for individuals such as myself to contribute to a greater good.
 
You might be doing it for the lulz but others get suckered into making heavy investments in hardware for no return with the promise of making a fast buck.
 
You could try, "Go forth and multiply" if you want to remain family friendly
 

It will certainly be I treating to see what happens in the future as all of the digital currencies need active computing power to validate wallet transfers. The big mining teams control a majority of hashing power for bitcoin at least and thus have a degree of control. Certainly as long as the coins have some value it's no more a pyramid scheme than the stock market in general. I predict the exchanges will have to take over the transaction accounting and leave the miners go minting new coins only. Otherwise once the value proposition ends the miners will stop and transaction fees will skyrocket again.

Knowledge in tech does not equal knowledge in economics.
 
Proof of stake is likely to take over anyway so a bunch of moot points in here.

So much for a Scam?

Asrock H110 Pro BTC+ 13GPU Mining Motherboard CryptoCurrency
It even comes with Audio