Would you want a mining card though?

casperld1
Would you want a mining card though?

Generally no, having said that, if you can find out how the card was racked, how it was cooled, what power is what run at and for how long, you "may" be able to luck out and get a good quality card for a reasonable price. But on the whole, I wouldn't want to go down that rabbit hole.
 
My hope, is that the demand will lessen or disappear from this market segment, the bots will slow down, and we as the consumer might, hopefully, be able to purchase these cards new. Worst case, you try and find a card that been reasonably treated, and use that till something at retail comes along.

The bots have been successful and they have been rewarded by either miners or consumers paying scalping prices for this. They can continue and the bots alone can manipulate the market themselves. The crypto scrouge will not be derailed even with it now being Buthurtcoin. I see no end to this madness until production increases. Now with the water issues at TSMC, it may continue until new fabs are built over the next 5 years.

The current downturn in crypto won't deter miners.... yet. They have already recovered a bit and looks to be gaining again so unless we see a steady decline in crypto value, nothing will change.

What's more interesting to keep an eye on is the various regulations being introduced by China and others that may have a long term impact on crypto.

 
I don't think this crypto crash is over yet.. might see some short-term recovery, but I think there's significantly more downside to come before it finds a bottom.
 
Also have to consider the Elon Musk factor.. every time he opens his mouth about crypto currency, the volatility goes crazy (crazier I should say).
 

 
I do. I know there will be Summer followed by Fall, followed by Winter and then Spring. Also night will follow day, and day will follow night.
 

Nereus
 
I do. I know there will be Summer followed by Fall, followed by Winter and then Spring. Also night will follow day, and day will follow night.
 

wow 👍👍

I really hope this crypto craziness ends soon. I feel that nothing of value is being created. We're expending energy for no reason.

SleepAgreeable
When ethereum moves to PoS would that help stock issues with cards?

Well, only when and if it's fully implemented

Volatility equals worry.  Worry equals transactions.  Transactions equal network load.  Network load equals mining fees.
 
Mining has actually been more profitable than usual during the last couple of weeks.  It is only the last couple of days which have been low on mining profitability.  And mostly just because the value is low.  The payout rate is still good, but the value is low.  I think most miners will continue to mine for quite a while regardless of the valuation, with the assurance that the payout rate is good, with the hopes that the value will go back up some time in the future.

When the payout rate is low AND the value is low, that is when mining will halt for many miners.

Nereus
 
If you have a look right now, crypto is crashing quite heavily as I type:
 
Bitcoin USD$32,927.77 -5,671.82 -14.69%

Ethereum USD$1,901.20 -570.75 -23.09%

Dogecoin USD$0.2864 -0.0688 -19.3629%
 

And, like I said, that volatility makes mining fees pay out really well. Miners are getting more for less. And they will hold onto it until it is worth more some time in the future.

Mining won't seriously halt until the value is low AND the transaction fee mining payout rate is also low.
 

 
And even then, there will be some who continue to mine in order to get lots of cheap coins while mining difficulty is low.  They won't care if they are only making $0.01 a day, because they will be looking towards 5 years in the future and envisioning it being worth $100,000.

Just like regular money market, it crashes but as with all things it will regain pace and the cycle continues. I just want the GPU shortage to pick up pace as well.

how much is a dogecoin in euro

I don't have the stomach for investing, I would be more comfortable mining.

I also hope that that its gonna become less and less profitable to mine so we can finally buy the hardware we want without the hassle. The current situation is unpleasant to say the least.