News for hackers. Stuff that matters.
Re:Are cryptocurrencies to blame for high GPU prices? by Animats on Saturday January 01, 2022 @05:38PM (#29763605)
What are they mining, Monero? Is GPU mining still a thing for Bitcoin or Ethereum?
Re:Are cryptocurrencies to blame for high GPU prices? by 300bps on Saturday January 01, 2022 @05:47PM (#29763677)
ETH. I bought a new computer in March of 2021 for $1,900 including tax. The computer happened to have an RTX 3070 card in it.

I have mined and sold $2,800 of ETH in the 9 months I’ve owned it. The extra power has cost me a couple hundred dollars.

I’ve made anywhere from $3 to $75 per day during that time (thank you Shiba Inu launch date for the highest numbers).

I’m continuing to make about $3 per day. You can look up current profitability for any graphics card at whattomine.com.

Bottom line is I could have added infinite graphics cards to this setup and the profit would’ve gone up linearly.

Anyone that doesn’t think GPUs are high due to ETH mining has no idea what they’re talking about. The analysis from OP seemed ridiculous to me. I didn’t even see LHR mentioned in the article which are GPU manufacturers attempting to make GPUs unprofitable for miners so they can only be used for gaming. (Hint: didn’t work very well).

Re:Are cryptocurrencies to blame for high GPU prices? by X6S1x6Okd1st on Saturday January 01, 2022 @05:42PM (#29763634)
GPU mining is a thing for Ethereum, hopefully not for much longer
Re:Are cryptocurrencies to blame for high GPU prices? by 300bps on Saturday January 01, 2022 @05:49PM (#29763695)
People have been saying “not much longer” for years. First EIP-1559 which frankly didn’t reduce my profitability much at all. Now ETH 2.0 with PoS.

That’s at least six months off and has already been delayed repeatedly.

Re:Are cryptocurrencies to blame for high GPU prices? by is_true on Saturday January 01, 2022 @05:43PM (#29763639)
where I live most people are mining ETH, unfortunately electricity is subsidized