Bitcoin Mining Has Taken all of the AMD RX 580 GPU stock?

Cmdrmonkey said:
I thought cryptocurrency mining had moved entirely over to ASICs. I had no idea AMD GPU mining was still a thing.
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HockeyJon said:
I'm also of the "I thought it moved to ASICs long ago" crowd. Crazy!
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There are other coins like Etherum and Zcash that use a different algorithm than scrypt that is asic resistant and is still gpu mineable.

Bigbacon said:
how long does it take now to mine a single bitcoin?
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With a gpu? A very very very long time. With an asic farm? depends on how much you want to spend. Mining bitcoin is a rich mans game now, its better to just buy and hold than it is to try to mine.
 
There are plenty of RX 580 available in Sweden right now.
Prices for the 8GB versions are generally slightly higher than those for 6GB GTX 1060.
 
Saw the price of Etherium. Went to Fry's last week. Every major ATi card was sold out, save one RX 470. Went back to purchase it and it was gone, replaced by an RX480 8GB. Came in a beaten box and it was, of course, broken. Returned that and there were zero ATi cards and all nVidia cards. Card prices have now doubled online from etailers.

Don't be surprised - this happened when Bitcoin spiked from ~$2 to ~$30 back in 2011. Will be interesting to see what impact this has on AMD's stock...
 
Fuck bitcoin.
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I went to buy an amazon card from egifter.com using bitpay services, the amount + fee they asked for fucked me. I sent the amount, which equaled to two transactions and three fee's. leaving one transaction unconfirmed because the fee was to low and now it's stuck https://blockexplorer.com/tx/a07cbad4187b6ccf606452b6574fb9332afe0367e9add3bfe250094d7a2e597f and i am fighting for a refund on https://blockexplorer.com/tx/762f1ab008fdb5082b110cce4d6d143db4c780725770931b0d34fb07b7689ed0 0.011422 BTC = $25.38. and like I said I ahve one stuck that will be stuck for 2 weeks before it returns to my wallet.

So, I just used my debit card to buy what I wanted on amazon.

The bible thing was to bring the amount past $25 for free shipping.
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So, if and when "if" i get a refund, I am jsut gonna leave the BTC in my wallet till segwit is adopted or some shit.
 
Saw the used rx 480 prices on eBay yesterday. Looks like my love for my Nitro+ has a price. And 80-100 over what I paid for it is that price. Listing tonight. :happy:
 
Is electrum and mt gox still around? I have bins of usb cold storage wallets from ten years ago. they worth money now?
 
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AltreineirialX said:
Is electrum and mt gox still around? I have bins of usb cold storage wallets from ten years ago. they worth money now?
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MT gox is dead lol, and electrum is still around. 10 years ago though? Thats before bitcoin was even released...
 
Hitti2 said:
And if your transaction is a larger size, it will cost more that $8.89 to transfer funds.

So, don't "hmmkay, me".
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Your transaction size wont be larger, it wont even be a full kB that you're currently quoting. Conservative estimate for typical transaction size is 200 bytes.
 
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Hitti2 said:
Snip.
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This is one reason that some other coins, primarily Dash but also possibly Etherium, MaidSafe when the network launches, and MAYBE those like Monero and Zcash, are superior. Those based on Bitcoin that require what comes to an inordinate amount of fees when the value of the coin jumps and also lack an insta-send option of one type or another. Dash and some of the others have various solutions for these that include instant sending of anonymized currency and a way to fix the fees necessary for even a very small transaction.
 
I had someone PM me about purchasing an R9-290 that I didn't end up selling some months ago. Anyone know what it is worth ballpark? Doesn't look like I can just buy an RX card instead....
 
Spidey329 said:
This guy sums it up well: https://www.google.com/amp/wccftech.com/ethereum-mining-gpu-performance-roundup/amp/

The cards good for mining are cheaper with AMD so the ROI is faster. With mining, ROI is very important because things change quickly. So a card purchased to pay itself back after 30 days is more likely to realize that goal versus one to pay itself back after 90 days.
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Sorry, didn't click the link when I saw WCCFTech. But how does electricity cost factor into this? If all things being equal as far as hardware cost and hash rate goes, the RX 580 uses 55% more power than the GTX 1060. That adds up if you're building a rig with more than a dozen cards.
 
Thanks for the post, i have 4 580s that are in their boxes bc im too lazy to get it going. Didnt want to mess with returning to B&H and pay a potential restocking fee.
I prefer to mine Verium with old Xeon processors.. that coin is GPU resistant and has a solid roadmap ahead of it. Check it out.
 
Am I the only person not mining something?!? Found a place that let me pre order some Rx 570s that are supposed to ship within the next couple of weeks. Hopefully by the time I setup and figure it out I can still get in on this current action.
 
Accursed said:
Am I the only person not mining something?!? Found a place that let me pre order some Rx 570s that are supposed to ship within the next couple of weeks. Hopefully by the time I setup and figure it out I can still get in on this current action.
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No. It's fascinating to watch, but I simply don't believe in doing something that contributes nothing to society and wastes resources to make money.
 
Lol thread about no cards on the market because of mining. More people in the thread attempt to buy anything they can find to mine with....


As others stated, the whole point of an ASIC is that it trades flexibility out for speed. Fixed function hardware is designed around a specific algorithm. Come up with something newer that uses a different algorithm and you'll make all of the old ASICs obsolete because it requires a hardware change to adapt. GPUs do all of this in software so you can just modify the code. But that comes at a cost in performance.
 
I have been mining the miners. Sold 2 Rx 480s and a friends 580 on eBay for 350 each. We now get two gtx 1070s to upgrade to with money to spare. You know to play games. Like with a gpu. ;)

In before "the people who bought the cards will make tons more money than I did selling the cards!"
 
rehab said:
Thanks for the post, i have 4 580s that are in their boxes bc im too lazy to get it going. Didnt want to mess with returning to B&H and pay a potential restocking fee.
I prefer to mine Verium with old Xeon processors.. that coin is GPU resistant and has a solid roadmap ahead of it. Check it out.
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eBay those 580s and take the 1200 bucks and fund your next thing!

I cleared 1k on 3 cards. 2 nitro 480 8GB and one Aorus 580 8GB. In 24 hours.
 
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