When the Mines Run Dry.

bcavnaugh
When the Mines Run Dry.

+1 

Nvidia has a special mining version of its GTX 1060 but it's ridiculously hard to find stock just like the rest of GPUs so hasn't had much impact 

bcavnaugh
When the Mines Run Dry.

lol, I know you're being facetious but in some cases that may be true to an extent. when the block rewards go down for the major currencies I'm betting there will be less startup miners and more of just companies with already large farms profiting off the transaction fees, I know that's pure speculation but by then hopefully GPUs will start to come back into stock and at lower prices again.

Not for awhile, unless ETH tanks.  That would free up some GPUs

Zerospinduelist
we need a month long correction so people panic and dump their rigs...free up the market, at least a little

I like it, lower price cards and crypto.

As long as Mining seems to be profitable - it will exist.  Regulations will happen, miners will adapt
 
You know what they say about investment bubbles; by the time Everyone including your Uber driver thinks you Must get in on it, Time to Sell
 
Those that have the investment in hardware and the expertise to be successful have no reason to stop
 
Those who get In last, have the most risk

Would it be worth it purchasing a used GPU?  Especially if it has been mined on for months?

when prices drop on cryptocurrency so will demand for the GPU's

"When will mining end" is actually a super interesting question that is very fundamental to crypto.  The core is the Proof-of-work vs. Proof-of-stake argument.  The whole purpose of mining is to randomly select the machine generating the block so that no single entity can manipulate the block chain and decide which transactions are valid, thus preventing double spending attacks.  It's key to the decentralization of cryptocurrency but it's also a very compute / resource intensive way to do this.
 
My opinion is that crypto will start migrating from mining (proof of work) to proof of stake over time.  Right now you buy you're way in by purchasing mining hardware.  In the future you'll buy your way in some other less energy intensive way.
 
See week #2 of this class:
https://www.coursera.org/learn/cryptocurrency
 
Not an easy question actually.

I had a discussion with my coworkers over mining. They asked "Why don't video card manufacturers ramp up production to keep up with demand?"

Well, what happens when GPU mining of cryptocurrency stops being profitable? The people that purchased Video cards start selling to people that want them. The people that buy specialized mining cards are out of luck. If a company ramped up production to support the higher demand today, they are now producing way more than the demand.
 
I really like EVGA and their products, I use their products at every opportunity where it fits my needs. I would like them to stay in business for the foreseeable future too, so I am perfectly happy with the 1 per customer limits they impose (although I would like a time limit of 12 months for that 1 per customer). I like to purchase from them directly so that I get the best price (with other companies marking up their products now) and so that they get MSRP for their products as well.
 
My gaming build last year has the EVGA 270 FTW MB, EVGA CLC 280 and I upgraded my GTX 1070 FTW to the FTW2 model when they had that promotion. Originally I was also going to get one of their cases until I saw in a review just how large the case was and changed my mind.
 
Kind regards,
Jamie 

dude, you are cold.

unless you are adding more GPU's that are literally unprofitable, meaning you will be losing more money the more you add.

The more total GPU's that are mining means each individual GPU makes less money (each crypto coin produces a fixed number of blocks a day, no matter how many are mining).  It's a race to the bottom to the point where whoever has the least electricity cost will be the only ones left mining.  In the long run the only "mining" that will be left are masternode situations and FDLC/Gridcoin where you are literally selling compute power.
 
I have 12 GPUS mining away, but think the hay day is over.
 
Then again, I thought Twitter would never work...
 

What I'm wondering is in which country is it the more profitable. In Canada where I live I think the electricity cost is around 6 to 8¢/kWh.
And from what I gathered, people using solar energy are able to make more profit out of it in the long run.