Spotter Gaming
 
HomeHome  CalendarCalendar  FAQFAQ  SearchSearch  RegisterRegister  Log inLog in  
Search
 
 

Display results as :
 
Rechercher Advanced Search
Shout


Latest topics
» Warframe updates
Yesterday at 3:55 pm by wth

» Nvidia drivers
Tue Feb 13, 2018 5:13 pm by wth

» Ati graphics drivers
Tue Feb 13, 2018 5:10 pm by wth

» Dev Workshop: Warframes Revisited
Fri Feb 02, 2018 7:14 pm by wth

» Wildlands updates and patches
Thu Jan 25, 2018 11:09 am by wth

» Free benchmark programs
Sun Jan 07, 2018 1:20 pm by wth

» Firefox Disconnect and Privacy Badger addon's
Mon Jan 01, 2018 1:40 pm by wth

» The division updates
Tue Dec 05, 2017 11:51 am by wth

» Oct 16: Early Morning Eastern Time Maintenance.
Sun Oct 15, 2017 11:03 pm by wth

February 2018
MonTueWedThuFriSatSun
   1234
567891011
12131415161718
19202122232425
262728    
CalendarCalendar
Speed Test

Speed Test widget by SPEEDRON.com
Affiliates

free forum



Statistics
We have 21 registered users
The newest registered user is Swash1967

Our users have posted a total of 853 messages in 260 subjects
Weather

Share | 
 

 Ethereum Mining is Dead: Price Drops, Difficulty Booms

Go down 
AuthorMessage
wth
Clan Leader
Clan Leader
avatar

Posts : 721
Points : 1280
Reputation : 45
Join date : 2013-10-17
Location : Right behind ya

PostSubject: Ethereum Mining is Dead: Price Drops, Difficulty Booms   Sun Jul 16, 2017 11:03 am

Here's the reason video cards have been so hard to find as of late,Thank god its over now maybe cards will start showing back up at stores.



http://www.tweaktown.com/articles/8261/ethereum-mining-dead-price-drops-difficulty-booms/index.html


This Was Always Going To Happen



For the last six weeks, cryptocurrency has been all over the place like an infection... currency markets, GPU mining, global GPU shortages, and more. It's a volatile market as it's open 24/7 and doesn't close like regular FIAT-based trading markets. The latest trend is Ethereum mining (for the most part, anyway) and the global GPU shortage of the last 5-6 weeks.

Ethereum mining and its impending DAG increase (the difficulty in which Ethereum mining is set at) began a huge upwards trend a few days ago, its biggest rise in difficulty... ever. The downwards trend of the price of Ethereum didn't help, as it created the perfect storm for the temporary tank in Ethereum ROI from mining. For anyone who has just purchased, or is in the process of purchasing PC hardware (GPUs, PSUs, risers, etc.) is paying heavily inflated prices for something that was in the headlines a month ago as a great way to make money.





The difficulty increase and drop in the price of Ethereum has slapped us a few times across the face, in what feels like every day. I wrote an article that did amazingly well for us, as it was written at the peak of this as it began to really scale right up in difficulty, and down with price. Buying hardware at a huge inflated premium isn't good, with wholesalers, retailers, and everyone in between making a quick buck on the global GPU shortage.



If you had purchased 10 x Radeon RX 580s before the beginning of June for Ethereum mining, you'd be making some damn good money - somewhere in the vicinity of $2500+ per month before electricity (and paying off the hardware). This meant you could pay the cards off pretty damn quickly before the price of Ethereum began to fall, and the DAG increased by leaps and bounds. This was the issue... just as Ethereum mining became 'mainstream,' the fevered need for RX 400/500 series cards spilled into second-hand markets, into the GTX 1060, and even GTX 1070.

Ethereum mining and its impending DAG increase (the difficulty in which Ethereum mining is set at) began a huge upwards trend a few days ago, its biggest rise in difficulty... ever. The downwards trend of the price of Ethereum didn't help, as it created the perfect storm for the temporary tank in Ethereum ROI from mining. For anyone who has just purchased, or is in the process of purchasing PC hardware (GPUs, PSUs, risers, etc.) is paying heavily inflated prices for something that was in the headlines a month ago as a great way to make money.





The difficulty increase and drop in the price of Ethereum has slapped us a few times across the face, in what feels like every day. I wrote an article that did amazingly well for us, as it was written at the peak of this as it began to really scale right up in difficulty, and down with price. Buying hardware at a huge inflated premium isn't good, with wholesalers, retailers, and everyone in between making a quick buck on the global GPU shortage.



If you had purchased 10 x Radeon RX 580s before the beginning of June for Ethereum mining, you'd be making some damn good money - somewhere in the vicinity of $2500+ per month before electricity (and paying off the hardware). This meant you could pay the cards off pretty damn quickly before the price of Ethereum began to fall, and the DAG increased by leaps and bounds. This was the issue... just as Ethereum mining became 'mainstream,' the fevered need for RX 400/500 series cards spilled into second-hand markets, into the GTX 1060, and even GTX 1070.

Goto the link at top to finish the story about this.

_________________
AMD FX-8350 Black Edition 4 Gig Octa Core
Asus M5A97 R2.0 Motherboard
XFX RX 470 Black Edition 4 GB
12 Gigs Kingston HyperX Memory
ASUS Xonar DGX 5.1 Dolby Audio
Seagate 1 Tb X 2 and 1 500 Gb Hdd
Windows 7 Home Premium 64-bit
Back to top Go down
http://sptrgaming.forumotion.com/
 
Ethereum Mining is Dead: Price Drops, Difficulty Booms
Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
SpTr :: PC stuff-
Jump to: