I make up the banks are banning the purchase because they are seeing an increased default rate, so they are saving their own butts.
 
Power in the Seattle area is .12 KW.  I know in many developing countries it's .02 and even lower because it's subsidized.

Mining isn't as much. But buying is. Buy coin cheap and if this goes another month you'll be able to buy cheap used hardware too.

Maybe sooner rather than later..... not always for the obvious reasons
 
THIS
 
Most cryptocurrencies will crash to zero, Goldman Sachs says (excerpt) 

• Most cryptocurrencies are likely to fail with their value falling to zero, Goldman Sachs said in a note.
• The investment bank compared the current market to the "internet bubble of the late 1990s."
• Steve Strongin, head of Goldman Sachs global investment research, said that most cryptocurrencies are unlikely to see their recent peaks again.

 
The Goldman research note comes after a violent sell-off in the cryptocurrency market over the past few days, which at its lowest point on Tuesday, saw over $550 billion of value wiped off the market. Bitcoin even dipped below $6,000 for the first time since November.
 
 
also THIS --> smoke and mirrors  Bitcoin Crash: Is It Time To Get Out?
 (excerpt)
Third - it's a volatile space. One of the issues that the cryptocurrency space is currently dealing with is an influx of fake reports and media that can dramatically alter the price of cryptocurrencies in a matter of hours. Often, this information quickly disseminates through cryptocurrency communities on Twitter and Facebook, which leads to buyer's selling off and the price dropping - even if the news has been computer-generated by a bot in China. The market is just that volatile. It's so volatile that since I started writing this article, Bitcoin is already mounting a mini-comeback - up around USD$1000 (and now back down $300 [it never ends!])
 
 
and THIS
As Bitcoin Bubble Loses Air, Frauds and Flaws Rise to Surface
 (excerpt)
 
The scale of those problems is starting to become clear as digital tokens have slid more than 50 percent in value from their peaks in early January, with steep drops on Monday pushing the value of Bitcoin specifically below $7,000.
Hackers draining funds from online exchanges. Ponzi schemes. Government regulators unable to keep up with the rise of so-called cryptocurrencies. Signs of trouble have appeared at nearly every level of the industry, from the biggest exchanges to the news sites and chat rooms where the investment frenzy has been discussed.
On Tuesday, the leaders of the two main regulatory agencies in the United States that oversee the technology, the Securities and Exchange Commission and the Commodity Futures Trading Commission, are to testify before the Senate banking committee about their efforts to police virtual currency markets. In the past two weeks, both have brought major cases, but people in the young industry said regulators had barely made a dent.
 
(excerpt)
“Cryptocurrencies are almost a perfect vehicle for scams,” said Kevin Werbach, a professor at University of Pennsylvania’s Wharton School. “The combination of credulous buyers and low barriers for scammers were bound to lead to a high level of fraud, if and when the money involved got large. The fact that the money got huge almost overnight, before there were good regulatory or even self-regulatory models in place, made the problem acute.”

im ready for this to be over with! I cant buy cards for my gaming build :(

I dont think it is specifically miners. If you look on ebay, and amazon, there are plenty of GPUs to be had. They are just marked up 100%. Why? Because people feel the need to go buy out an entire store worth of GPUs and sell them at double the price.

Ranmacanada
If you don't understand it with all the freely available information out there, then no one will be able to make you understand it.  Cryptocurrency mining will not go away, and it will always be there, just the level of intensity will vary.

The value is 100% supported by people mining the cryptocurrency so take Bitcoin for example. You have a fixed number of coins that will be mined but the value would still need to be supported by systems mining for nothing and really all Cryptocurrency is really based on that flaw. The real question is not if a Cryptocurrency will crash but when and we might be at that point with them pretty much all seeing about a 35% or better drop in value over the last month.

Cool GTX
Maybe sooner rather than later..... not always for the obvious reasons
 
THIS

Most cryptocurrencies will crash to zero, Goldman Sachs says (excerpt) 

• Most cryptocurrencies are likely to fail with their value falling to zero, Goldman Sachs said in a note.
• The investment bank compared the current market to the "internet bubble of the late 1990s."
• Steve Strongin, head of Goldman Sachs global investment research, said that most cryptocurrencies are unlikely to see their recent peaks again.

 
The Goldman research note comes after a violent sell-off in the cryptocurrency market over the past few days, which at its lowest point on Tuesday, saw over $550 billion of value wiped off the market. Bitcoin even dipped below $6,000 for the first time since November.


also THIS --> smoke and mirrors  Bitcoin Crash: Is It Time To Get Out?
(excerpt)
Third - it's a volatile space. One of the issues that the cryptocurrency space is currently dealing with is an influx of fake reports and media that can dramatically alter the price of cryptocurrencies in a matter of hours. Often, this information quickly disseminates through cryptocurrency communities on Twitter and Facebook, which leads to buyer's selling off and the price dropping - even if the news has been computer-generated by a bot in China. The market is just that volatile. It's so volatile that since I started writing this article, Bitcoin is already mounting a mini-comeback - up around USD$1000 (and now back down $300 [it never ends!])


and THIS
As Bitcoin Bubble Loses Air, Frauds and Flaws Rise to Surface
(excerpt)

The scale of those problems is starting to become clear as digital tokens have slid more than 50 percent in value from their peaks in early January, with steep drops on Monday pushing the value of Bitcoin specifically below $7,000.
Hackers draining funds from online exchanges. Ponzi schemes. Government regulators unable to keep up with the rise of so-called cryptocurrencies. Signs of trouble have appeared at nearly every level of the industry, from the biggest exchanges to the news sites and chat rooms where the investment frenzy has been discussed.
On Tuesday, the leaders of the two main regulatory agencies in the United States that oversee the technology, the Securities and Exchange Commission and the Commodity Futures Trading Commission, are to testify before the Senate banking committee about their efforts to police virtual currency markets. In the past two weeks, both have brought major cases, but people in the young industry said regulators had barely made a dent.

(excerpt)
“Cryptocurrencies are almost a perfect vehicle for scams,” said Kevin Werbach, a professor at University of Pennsylvania’s Wharton School. “The combination of credulous buyers and low barriers for scammers were bound to lead to a high level of fraud, if and when the money involved got large. The fact that the money got huge almost overnight, before there were good regulatory or even self-regulatory models in place, made the problem acute.”

That's funny considering Goldman has massive backings of ETH and they are going to be trading bitcoin futures.  Nothing like a big economic power house using their know how and power to create FUD in an unregulated market to cause markets to dip and crash so they can buy in at massive lows, RIGHT?

dint USA call for a hands off approach? im pretty sure arizona accepts crypto for taxes. the ride never ends. 

When will mining stop ? when they not making money  

There will always be new coins to mine and profit to be had. I don't see it ending anytime soon. We just have to get used to it and wait for the next generation of cards. I'm sure miners and gamers will be selling used cards. Especially as difficulty goes up and older games drop in price.

Pretty sure nvidia would go with 11 series. They've consistently gone up by 1 number for all their card architectures. Although they have skipped numbers before.

Crypto value is based on people not knowing what the heck it is and blindly throwing their money to get rich

not sure. 

mektacular
I make up the banks are banning the purchase because they are seeing an increased default rate, so they are saving their own butts.
 
Power in the Seattle area is .12 KW.  I know in many developing countries it's .02 and even lower because it's subsidized.

Most "developing countries" have HIGH power rates and very poor power reliability, due to a lack of generation and limited infrastructure.
Some of the OPEC nations subsidise electric rates, but even those developing nations that DO subsidise rates tend to have very low limits on HOW MUCH electric is available at all, much less at the "subsidised" rate.
Some of the lowest-cost electric in the world, with VERY HIGH reliability and quantity available, is less than a 2 hour drive from Seattle - in Chelan/Douglas/Grant counties of central Washington.
 
Most low-cost electric is HYDROPOWER, and the Columbia River is one of the biggest hydropower areas in the world (a LOT of that hydropower is sold to the Seattle area, BTW, helping keep YOUR rates lower).
 
There have already been quite a few announcements - though none by Nvidia itself, they've all been by "3'd party partners" to date - that the next Nvidia card series will be the 20x0 series.
I think 11x0 series would make more sense though.
 
 
Most of my GPUs HAVE been bought directly with Bitcoin - quite a few major retailers accept payment by Bitcoin.