AMD Stock Downgraded, Bitmain Releasing Ethereum ASIC Miner

NKD said:
Wrong! I have mined with nvidia cards. Same or better performance with much less wattage. People must not know what they are doing! Its like my friend and his friend said AMD cards are better at mining eth without actually trying for themselves. Don't just go buy a calculator, test the cards yourself. Nvidia cards are damn good at mining eth.
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you cant read very well can ya :p im stating if you have a 290 it will earn the most money on eth, not that it is the most profitable card for eth. as for most profitable on any coin, it depends on what you buy the cards for. And most nvidia cards shouldnt be used on eth. 1080ti's and 1080's should be on zcash. titan, 1070, and 1060 sholuld be on eth but those cost way more then some alternitives. and a 480 is just as fast as a 1070 but cost way less. 470 cost less then a 1060 and a titan v isnt a very good value.
 
NKD said:
To be honest there is not much difference between both cards. This will effect both equally, its a fuckin myth people think that AMD cards are only being used to mine eth.
Click to expand...

No,
No it’s not

Eth is first place by nearly double profit on AMD, and not even in the top five most profitable algorithms for Nvidia.

https://whattomine.com/coins?utf8=✓&adapt_q_280x=0&adapt_q_380=0&adapt_q_fury=0&adapt_q_470=0&adapt_q_480=3&adapt_q_570=0&adapt_q_580=0&adapt_q_vega56=0&adapt_q_vega64=0&adapt_q_750Ti=0&adapt_q_1050Ti=0&adapt_q_10606=0&adapt_q_1070=0&adapt_q_1070Ti=0&adapt_q_1080=0&adapt_q_1080Ti=1&adapt_1080Ti=true&eth=true&factor[eth_hr]=35.0&factor[eth_p]=140.0&grof=true&factor[gro_hr]=58.0&factor[gro_p]=210.0&x11gf=true&factor[x11g_hr]=19.5&factor[x11g_p]=170.0&cn=true&factor[cn_hr]=830.0&factor[cn_p]=140.0&eq=true&factor[eq_hr]=685.0&factor[eq_p]=190.0&lre=true&factor[lrev2_hr]=64000.0&factor[lrev2_p]=190.0&ns=true&factor[ns_hr]=1400.0&factor[ns_p]=190.0&lbry=true&factor[lbry_hr]=460.0&factor[lbry_p]=190.0&bk14=true&factor[bk14_hr]=4350.0&factor[bk14_p]=210.0&pas=true&factor[pas_hr]=1700.0&factor[pas_p]=210.0&skh=true&factor[skh_hr]=47.5&factor[skh_p]=190.0&n5=true&factor[n5_hr]=75.0&factor[n5_p]=190.0&factor[l2z_hr]=420.0&factor[l2z_p]=300.0&xn=true&factor[xn_hr]=5.3&factor[xn_p]=190.0&factor[cost]=0.1&sort=Profitability24&volume=0&revenue=24h&factor[exchanges][]=&factor[exchanges][]=abucoins&factor[exchanges][]=bitfinex&factor[exchanges][]=bittrex&factor[exchanges][]=binance&factor[exchanges][]=cryptopia&factor[exchanges][]=hitbtc&factor[exchanges][]=poloniex&factor[exchanges][]=yobit&dataset=&commit=Calculate
 
cdabc123 said:
a law wouldnt do to much for crypto other then cause a drop in value. it can still be traded for objects of value.

in the countries it is illegal its still transferred around/ exchanged for things of value without any real consequences because crypto is pretty good for exactly that

some contries actually support crypto noticing that preventing it is more futile then the war on drugs. go tell russia to ban crypto and see how they react

if its illegal i can still send it to whoever i like for whatever i like with nothing really preventing that

actually stoping the movment of cryptos would require quite a shift from the curent way the internet is. im not talking about a bs law that would effect nothing.
Click to expand...


A law would do several things whether you want to admit it or not.

1. It would be illegal, and for those caught it would really fuck them up
2. It would not be openly traded so legit companies, where it is illegal would not be able to engage in it
3. It would not be a security any longer and would be an illegitimate item
4. Of the countries that mine it to any great degree, so what, the largest is China and they are cracking down on it, so they don't like it, Belarus and Sweden, so what, it wouldn't hurt the US at all, 3% of mining, chumpchange
5. And the easiest way to catch people trading illegally, is to be a "buyer" or a "seller", you'll never know, though you think you would. The fact that you do means you're sure to get caught. You act like it's less risky than any other form of illegal activity and it's not, if they can find kiddie porn on a doctor's home computer, they can catch you.

You forget, many of the countries where it's illegal don't have the best means of tracking it, WinXP ring any bells?

You wouldn't have to change anything about the internet, why you think the two are linked in some way I have no clue. Internet communications infrastructure wouldn't have to change at all, it didn't have to change to support cryptomining, why would the reverse be needed.

Shit, you could find miners just by looking at power usage that is significantly greater than normal not to mention people buying mining gear, areas where power is cheap, etc.

Furthermore, what happens when someone drops the equivalent of Stuxnet into the block-chain? Do you think that bomb isn't already locked and loaded just waiting on a good enough excuse?

The fact that you think it couldn't be made illegal to start with says alot. That you think you could get away with it, for as long as you like, says even more.
 
lcpiper said:
A law would do several things whether you want to admit it or not.

1. It would be illegal, and for those caught it would really fuck them up
2. It would not be openly traded so legit companies, where it is illegal would not be able to engage in it
3. It would not be a security any longer and would be an illegitimate item
4. Of the countries that mine it to any great degree, so what, the largest is China and they are cracking down on it, so they don't like it, Belarus and Sweden, so what, it wouldn't hurt the US at all, 3% of mining, chumpchange
5. And the easiest way to catch people trading illegally, is to be a "buyer" or a "seller", you'll never know, though you think you would. The fact that you do means you're sure to get caught. You act like it's less risky than any other form of illegal activity and it's not, if they can find kiddie porn on a doctor's home computer, they can catch you.

You forget, many of the countries where it's illegal don't have the best means of tracking it, WinXP ring any bells?

You wouldn't have to change anything about the internet, why you think the two are linked in some way I have no clue. Internet communications infrastructure wouldn't have to change at all, it didn't have to change to support cryptomining, why would the reverse be needed.

Shit, you could find miners just by looking at power usage that is significantly greater than normal not to mention people buying mining gear, areas where power is cheap, etc.

Furthermore, what happens when someone drops the equivalent of Stuxnet into the block-chain? Do you think that bomb isn't already locked and loaded just waiting on a good enough excuse?

The fact that you think it couldn't be made illegal to start with says alot. That you think you could get away with it, for as long as you like, says even more.
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i can make breathing illegle and it obviously wouldnt do anything. sending crypto is the same way. its near impossible to stop moving crypto. if crypto can be moved around and has some sort of value people can find ways to use that value. it would be less risky then many illegal activitys. it will for example be alot easier to move crypto then to sell a brick of cocain at a airport. kiddie porn is normally tracked from the sourse. lil bit diferant. and once again with the changine the internet that would be required to stop the movment of crypto. you can slap a illegal lable on just about anything and it may have absalutly no impact. see the war on drugs. and stoping someone from having drugs is alot easier then stoping someone from having crypto. stoping mininers and stoping crypto are too difernt things. mines can easily move to what ever contrie they want that its legal in and will if its profitable. all you would be doing by seeking out houses with higher power bill is piss people off and move mines from the us or have them illegally tap into power (see majuana grow houses where its illegal) you know you can see the code behind most cryptos? there is no stuxnet locked and loaded... plus somthing like that would benifit from number of conections over power making iot devices a more likley target
 
Archaea said:
No,
No it’s not

Eth is first place by nearly double profit on AMD, and not even in the top five most profitable algorithms for Nvidia.

https://whattomine.com/coins?utf8=✓&adapt_q_280x=0&adapt_q_380=0&adapt_q_fury=0&adapt_q_470=0&adapt_q_480=3&adapt_q_570=0&adapt_q_580=0&adapt_q_vega56=0&adapt_q_vega64=0&adapt_q_750Ti=0&adapt_q_1050Ti=0&adapt_q_10606=0&adapt_q_1070=0&adapt_q_1070Ti=0&adapt_q_1080=0&adapt_q_1080Ti=1&adapt_1080Ti=true&eth=true&factor[eth_hr]=35.0&factor[eth_p]=140.0&grof=true&factor[gro_hr]=58.0&factor[gro_p]=210.0&x11gf=true&factor[x11g_hr]=19.5&factor[x11g_p]=170.0&cn=true&factor[cn_hr]=830.0&factor[cn_p]=140.0&eq=true&factor[eq_hr]=685.0&factor[eq_p]=190.0&lre=true&factor[lrev2_hr]=64000.0&factor[lrev2_p]=190.0&ns=true&factor[ns_hr]=1400.0&factor[ns_p]=190.0&lbry=true&factor[lbry_hr]=460.0&factor[lbry_p]=190.0&bk14=true&factor[bk14_hr]=4350.0&factor[bk14_p]=210.0&pas=true&factor[pas_hr]=1700.0&factor[pas_p]=210.0&skh=true&factor[skh_hr]=47.5&factor[skh_p]=190.0&n5=true&factor[n5_hr]=75.0&factor[n5_p]=190.0&factor[l2z_hr]=420.0&factor[l2z_p]=300.0&xn=true&factor[xn_hr]=5.3&factor[xn_p]=190.0&factor[cost]=0.1&sort=Profitability24&volume=0&revenue=24h&factor[exchanges][]=&factor[exchanges][]=abucoins&factor[exchanges][]=bitfinex&factor[exchanges][]=bittrex&factor[exchanges][]=binance&factor[exchanges][]=cryptopia&factor[exchanges][]=hitbtc&factor[exchanges][]=poloniex&factor[exchanges][]=yobit&dataset=&commit=Calculate
Click to expand...

quite the generalization :p it really isnt a amd vs nvidia thing its a card by card thing

for example
a 280 is best on zcash
a 1080ti is best on zcash
a 290 is best on eth
a 1070 id pretty good on eth
 
Jesus, the fucking knives are out for AMD these days, aren’t they! As soon as AMD are starting to get up from the floor, some hacker or asic manufacturer feels the need to do their best to destroy them.

Any reason why nVidias stock was also not touted as past their sell by date, surely this affects them as much as AMD?
 
Sasquatchhyena downgrading AMD cool, when S & P or Moody's do the same then be concerned.
 
jardows said:
So the CTS-labs report didn't have the desired effect for the short sellers, now they're trying this?
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This isn’t the first time we’ve heard about this. There have been rumors for months. The lead sia coin dev said in an interview late January,/early February he thought a initial group of eth ASICS were already online mining eth from evidence he’d seen.
 
Stimpy88 said:
Jesus, the fucking knives are out for AMD these days, aren’t they! As soon as AMD are starting to get up from the floor, some hacker or asic manufacturer feels the need to do their best to destroy them.

Any reason why nVidias stock was also not touted as past their sell by date, surely this affects them as much as AMD?
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Nvidia would be more screwed than AMD because AMD is selling more cards for mining than Nvidia. AMD cards typically sell for 100% increase of MSRP while Nvidia only sees 40%-50% increase from MSRP. Lets say these ASIC miners for Ethereum come out, and they're like 10x better than graphic cards. The miners are going to flood Ebay with cheap graphic cards. Mostly AMD graphic cards. Retailers like NewEgg and MicroCenter are slow to adjust and keep the prices much higher for longer. Meaning no matter how much of a fan you are of Nvidia, you'll buy a $200 Vega card.

Nvidia is not stupid as they do have a bunch of 2080 and 2070 cards ready for release just as soon as something like this happens. Is that enough to deter people from buying a $200 Vega card?
 
You won’t see Vega cards for $200 used in 2018 no matter what happens to the crypto market. Even if it completely dies.

Too many pent up gamers with freesync monitors willing to snap them up from miners significantly higher than that. And Vega’s most profitable algorithm is not ETH so they won’t be the first to fall off being profitable if this rumor is true.

What you will see is a crap ton of RX4xx cards and RX5xx cards hitting the used market driving their price to peanuts.

And frankly an 8GB RX5xx card is still a great gaming GPU coupled with a freesync monitor where down to mid 40fps still feels buttery smooth.
 
In theory, this is a big threat to AMD. In reality, not so much.

In the last few years, how many companies have announced an ASIC crypto miner and then disappeared without delivering any substantial number of machines (and in many cases running off with your money)???

Ever notice that all these big crypto-mining rigs are using graphics cards and not ASICs? Why is that? Maybe, just maybe, building ASIC crypto-miners is so expensive that it just isn't worth it.
 
Dick Johnson said:
In theory, this is a big threat to AMD. In reality, not so much.

In the last few years, how many companies have announced an ASIC crypto miner and then disappeared without delivering any substantial number of machines (and in many cases running off with your money)???

Ever notice that all these big crypto-mining rigs are using graphics cards and not ASICs? Why is that? Maybe, just maybe, building ASIC crypto-miners is so expensive that it just isn't worth it.
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The rumor is about Bitmain. That’s not one of the fly by night ASIC companies you are talking about. Bitmain made more money than Nvidia last year and has been around for years. Not only do they produce ASICS. They flood the particular coins market with them.

Now that being said, Bitmain hasn’t confirmed this rumor, but they dont typically announce products lately until the day they actually go on sale.
 
Dick Johnson said:
In theory, this is a big threat to AMD. In reality, not so much.

In the last few years, how many companies have announced an ASIC crypto miner and then disappeared without delivering any substantial number of machines (and in many cases running off with your money)???

Ever notice that all these big crypto-mining rigs are using graphics cards and not ASICs? Why is that? Maybe, just maybe, building ASIC crypto-miners is so expensive that it just isn't worth it.
Click to expand...

Bitmain has been around a VERY long time; this isn't some startup looking to make a quick buck.

The reasons GPUs are being used for mining is because:

A: They are already there
B: ASICs don't exist yet

The downside to ASICs over general purpose processors (which now include GPUs) is they are really only designed to do one specific task, but they can do that task significantly faster. For mining purposes, everything will eventually go the ASIC route because users will make significantly more money that way. Simply put: There's demand for faster mining operations, and ASICs will do that role far better then GPUs can.
 
gamerk2 said:
Bitmain has been around a VERY long time; this isn't some startup looking to make a quick buck.
The downside to ASICs over general purpose processors (which now include GPUs) is they are really only designed to do one specific task, but they can do that task significantly faster. For mining purposes, everything will eventually go the ASIC route because users will make significantly more money that way. Simply put: There's demand for faster mining operations, and ASICs will do that role far better then GPUs can.
Click to expand...

Plus, GPU's allow actual real people to participate in cryptocurrencies. ASIC's are a bad thing because they encourage centralised control, i.e. only rich people can mine. But I guess that gets missed in the overall crypto-hate.
 
I'll go ahead and ruin the party by saying that as long as it's profitable to mine with a card, it will never be sold.
Let's say one person is mining Ethereum with 10 RX580 and decides to instead buy 2 ASICs. You think he will sell you those 10 cards for cheap? Wishful thinking. Those cards will be added to the pool and ran as long as they generate profit.
 
Peppercorn said:
How is this news exactly? Stocks get upgraded and downgraded all the time, all giving it exposure does is give those fucking maggot lizzards more power to continue this detrimental practice of control. It's a fucking sham scam. Who fucking cares what they think. First of all, the financial industry (including media) was working overtime trying to tie AMD stock price to crypto mining, and when the CEO of AMD was asked she said it contributed mid single digit percent of the graphics division sales. Very small amount, yet it went in one ear and out the other, completely ignored by everyone so they could carry on with their little scam and claim the sky is falling if there is even the slightest hint of crypto dropping. Hell it wouldn't be too hard to manufacture an article and claim crypto doom and gloom is on the horizon, and under the picture they've painted trigger obscure names like this to get their 15 minutes of fame by downgrading and getting a ton of exposure. Please don't play into this fucking mass control these fuckers have over the entire population. Doesn't matter what stock it is, your playing right into their hand.
Click to expand...
Because facts, numbers come second place at times to a given narrative. Let see, production was said to have increase for video cards from AMD, meaning more are and going to be produced, the mining potential buyers are going down at the same time, memory manufacturers are also increasing their production. So when cards are more available, lower price it was all due to Crypto mining and this one asic which is not out yet that caused it. Damn those miners (how ever few in the scheme of things they are), hope they all rot in hell, loose all their fortunes, no one buy their cards (even though they are 100% good) etc. Told you so. Just Human nature in the end.
 
noko said:
Because facts, numbers come second place at times to a given narrative. Let see, production was said to have increase for video cards from AMD, meaning more are and going to be produced, the mining potential buyers are going down at the same time, memory manufacturers are also increasing their production. So when cards are more available, lower price it was all due to Crypto mining and this one asic which is not out yet that caused it. Damn those miners (how ever few in the scheme of things they are), hope they all rot in hell, loose all their fortunes, no one buy their cards (even though they are 100% good) etc. Told you so. Just Human nature in the end.
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Go back to bed, you're still incoherent.
 
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Ok so I know very little about mining beyond the basics. Can someone please explain to me like I'm a child why these devices are apparently perceived as the devil and people screaming it will never be allowed to get off the ground? Is this all to do with gfx card "resale value"?
 
cdabc123 said:
you cant read very well can ya :p im stating if you have a 290 it will earn the most money on eth, not that it is the most profitable card for eth. as for most profitable on any coin, it depends on what you buy the cards for. And most nvidia cards shouldnt be used on eth. 1080ti's and 1080's should be on zcash. titan, 1070, and 1060 sholuld be on eth but those cost way more then some alternitives. and a 480 is just as fast as a 1070 but cost way less. 470 cost less then a 1060 and a titan v isnt a very good value.
Click to expand...

Honestly I think it’s dumb to mine with anything above 1070 but people are nuts or maybe they can lol. On the side note price wise it doesn’t matter though since all cards are over priced.

I believe 1070 to be faster out of the box. I mined with them at around 32mh with <100 watts. You can say 480/580 costs way less. But can you find them at that price? I believe 1070 gives you overall better value but people go by calculators that don’t take in to account your specific tweaking abilities and 1070s aren’t hard to tweak.

I guess it really depends on our personal experience to be honest. When I have 1070s with Samsung memory I was beating all 480s.
 
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cdabc123 said:
its near impossible to stop moving crypto.
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All the US has to do the stick a massive wrench in the crypto market is to make it illegal to use as a trade good or tender. All US banking institutions would have to stop allowing purchase or conversions. As an intangible good, I wonder if the black market value of crypto would go up or down. It seems that much of its value is derived from the fact that it is currently legal to trade for recognized currency as a commodity effectively. Weed dealers in CA have to be really careful about their banking arrangements lest the fed simply freeze their assets.

I'm not saying any of it is right, just that it could be done and it would certainly have major negative consequences.
 
ManofGod said:
Really dude? I own a Vega 56 that I purchased before mining kicked in and even I think the prices are stupid. Oh well, poor baby, I will not shed a tear for you when your investment comes crashing down around your ears, you do not shed one for me when I continue to enjoy my purchased, agreed? :D
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I think you are being overly dramatic. The bubble popped back in Dec, I'm still way ahead on profit thx. I wish you all the luck in the world getting a high end gpu.

griff30 said:
LoLz on you.
Wait till the taxman cometh and take away.
Click to expand...

I'm an adult so I pay my taxes besides someone has to pay for all the free shit the politicians give out while denying our Veterans medical care and our schools decent funding.

lcpiper said:
You know, if you think that these guys are calling you a "miner", that the hate is for you, and not a Chinese Company that has mining sites in China, thinking of moving them to Canada, ect.

Then it's you that has the problem, a self image problem for sure.

Take the fucking label off your chest, the one you are putting there yourself.

Nobody here put it on you.
Click to expand...

I do understand the h8 for miners but I'm sick of hearing about it, stop fucking whining about it. I also understand the frustration at lack of gpu's for sale but an industrious person could locate one. One thing that pisses me off is how nV and amd try to direct the h8 toward miners when THEY are fully selling the gpus directly to them.

I predict cryptos will continue in a bear market, when the regulation comes in that'll be the end for shitcoins, most altcoins and small miners(unless nv, amd start buying cryptos ;)). This will probably cause one final collapse as the hodlrs finally let go(this will be the time to buy back in), at some point things will consolidate and begin to head back up because regardless of what anyone thinks cryptos formed out of a necessary angst and need, you probably just haven't caught on yet.

Let me just drop one more bomb on y'all
 
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ManofGod said:
Really dude? I own a Vega 56 that I purchased before mining kicked in and even I think the prices are stupid. Oh well, poor baby, I will not shed a tear for you when your investment comes crashing down around your ears, you do not shed one for me when I continue to enjoy my purchased, agreed? :D
Click to expand...

Anyone who has been mining for the last 6 months or so and has any sort of clue what they're doing has probably made back at least 3x their initial investment.

So yes, excuse me a moment...
giphy.gif
 
Parja said:
Anyone who has been mining for the last 6 months or so and has any sort of clue what they're doing has probably made back at least 3x their initial investment.

So yes, excuse me a moment...
View attachment 62389
Click to expand...

Even if you started out not knowing what you were doing in crypto (me) -----that's a reasonable statement towards 2-3x -- at least from mid of last year to Jan of this year.
 
LodeRunner said:
All the US has to do the stick a massive wrench in the crypto market is to make it illegal to use as a trade good or tender. All US banking institutions would have to stop allowing purchase or conversions. As an intangible good, I wonder if the black market value of crypto would go up or down. It seems that much of its value is derived from the fact that it is currently legal to trade for recognized currency as a commodity effectively. Weed dealers in CA have to be really careful about their banking arrangements lest the fed simply freeze their assets.

I'm not saying any of it is right, just that it could be done and it would certainly have major negative consequences.
Click to expand...

value would 100% drop quite abit as most of the curent price is investor driven. however crypto has a inherent usefullness wheither its legal or not and crypto is not only used in the us. if it remains legal anywhere else it wouldnt be to terribly dificault to get that countrys currency and trade it back to usd. or you will get local people offering cash for discounted coin then selling it where its legal.
 
cdabc123 said:
value would 100% drop quite abit as most of the curent price is investor driven. however crypto has a inherent usefullness wheither its legal or not and crypto is not only used in the us. if it remains legal anywhere else it wouldnt be to terribly dificault to get that countrys currency and trade it back to usd. or you will get local people offering cash for discounted coin then selling it where its legal.
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At least in US law, trading something that's illegal in the US, in a jurisdiction where said thing is legal, for currency that can then be converted to USD is still illegal (assuming you are a US citizen and thus bound by said laws; unsure of international implications). So the largest impact to its value would be driven by investors who follow relevant tax and financial law, and probably even US based mining groups. The IRS may be slow at getting around to things, but they are damned thorough about it. Really, if I were involved in something shady, I would be doing my damnedest to avoid the attention of the IRS more than any other group (not to say I would take the FBI lightly, just the IRS scares me more for some reason).

You are correct in that an illegal exchange and conversion, most likely at a discount, is still possible. As is always the case, laws have the most effect on those that follow them. In this case, I would expect to see crypto values (at least in USD) simply implode if laws banning them got put on the books.
 
cdabc123 said:
i can make breathing illegle and it obviously wouldnt do anything. sending crypto is the same way. its near impossible to stop moving crypto. if crypto can be moved around and has some sort of value people can find ways to use that value. it would be less risky then many illegal activitys. it will for example be alot easier to move crypto then to sell a brick of cocain at a airport. kiddie porn is normally tracked from the sourse. lil bit diferant. and once again with the changine the internet that would be required to stop the movment of crypto. you can slap a illegal lable on just about anything and it may have absalutly no impact. see the war on drugs. and stoping someone from having drugs is alot easier then stoping someone from having crypto. stoping mininers and stoping crypto are too difernt things. mines can easily move to what ever contrie they want that its legal in and will if its profitable. all you would be doing by seeking out houses with higher power bill is piss people off and move mines from the us or have them illegally tap into power (see majuana grow houses where its illegal) you know you can see the code behind most cryptos? there is no stuxnet locked and loaded... plus somthing like that would benifit from number of conections over power making iot devices a more likley target
Click to expand...

I'm not going to argue this, take your own chances in life thinking that you won't get caught, you'll have plenty of company. Prisons are full of people that think just like this.

And you still won't explain why you think the internet would have to change, that's ignorant beyond belief, what about the internet would have to change?

The dark web was untraceable, until people were being traced.

Your problem is that you think my statement means that no one will mine cryptocurrency and it does not.

What my statement means, is that governments would pursue and chase illegal behavior the same as they always have, this is just another crime to pursue.

It's was just supposition anyway, but your comments were so foolish that I had to address them.
 
lcpiper said:
I'm not going to argue this, take your own chances in life thinking that you won't get caught, you'll have plenty of company. Prisons are full of people that think just like this.

And you still won't explain why you think the internet would have to change, that's ignorant beyond belief, what about the internet would have to change?

The dark web was untraceable, until people were being traced.

Your problem is that you think my statement means that no one will mine cryptocurrency and it does not.

What my statement means, is that governments would pursue and chase illegal behavior the same as they always have, this is just another crime to pursue.

It's was just supposition anyway, but your comments were so foolish that I had to address them.
Click to expand...

to actually block movment of crypto not just say it is illegal you would have to change how you deal with encrypted traffic and quite abit more. i can log into a remote computer in any contry and send my crypto from there.

dark web was never untracable, it was resistant to being traced.

mining crypto is too easy to activly block it. i can have a gaming desktop do it and it wont look any difernt then gaming. heck maybe i can say a mining virus infected my server farm and do it on a larger scale.

its not a phisical action whitch makes it a heck of a lot harder to track. especially somthing made to have some degree of secracy. maybe some stupid people will get caught but it wouldnt be terribly dificault not to.
 
cdabc123 said:
to actually block movment of crypto not just say it is illegal you would have to change how you deal with encrypted traffic and quite abit more. i can log into a remote computer in any contry and send my crypto from there.

dark web was never untracable, it was resistant to being traced.

mining crypto is too easy to activly block it. i can have a gaming desktop do it and it wont look any difernt then gaming. heck maybe i can say a mining virus infected my server farm and do it on a larger scale.

its not a phisical action whitch makes it a heck of a lot harder to track. especially somthing made to have some degree of secracy. maybe some stupid people will get caught but it wouldnt be terribly dificault not to.
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No one said anything about blocking anything, that's just you making something up. Saying it's illegal, and catching and punishing is all that's required.

The Law doesn't put speed limiters on your cars, they don't actually do much of anything to actually "prevent crime" because yes, just like you are thinking, it's too much effort, and they don't have to.

But, while you think it would require changes it would not. All one must do is insert an FBI NIT into the block chain, which I'm pretty sure the NSA has already done the equivalent of for intelligence gathering reasons. Now every time someone downloads the block-chain, they get the NIT and now their machine is compromised just like the FBI did with the kiddie porn dude. I bet it's already been done though I doubt well know about it .... probably concealed as a kiddie porn image.

The only thing that would stop law enforcement from catching you, is them wanting too bad enough. It's not like they have to catch everyone. They only have to catch enough that it looks like they are doing their jobs.

And this is the next problem with your thinking, it actually is a physical action. The power is physically being consumed, the machines are physically running, the data is a physical "current" and what all this should be pointing out to you is that the digital world is actually very physical in reality.

Why you want to keep arguing with me I have no clue. Mining isn't illegal in the US now and it probably won't be any time soon. But you have made some really ridiculous comments and I can't let that go without pointing it out.

This isn't about winning, there is nothing here to win. It's not about saving face, that is what it is, the damage has been done. You are not going to pull this one out of the toilet, better to just flush and forget.
 
cdabc123 said:
to actually block movment of crypto not just say it is illegal you would have to change how you deal with encrypted traffic and quite abit more. i can log into a remote computer in any contry and send my crypto from there.

dark web was never untracable, it was resistant to being traced.

mining crypto is too easy to activly block it. i can have a gaming desktop do it and it wont look any difernt then gaming. heck maybe i can say a mining virus infected my server farm and do it on a larger scale.

its not a phisical action whitch makes it a heck of a lot harder to track. especially somthing made to have some degree of secracy. maybe some stupid people will get caught but it wouldnt be terribly dificault not to.
Click to expand...

Your understanding of what would happen if crypto was made illegal is astoundingly low. First of all, crypto has little or no value outside of what it can be sold for in actual currencies. If even it was only the US which made crypto illegal, the bottom would fall out of the value of the crypto market almost immediately. If you're in the US, sure, I dare you to setup accounts outside of the US and try to sell off your coin that way. It probably won't do you much good since it's likely you'd need to move the money from that account into the US and any transfers like that are monitored. Believe you can get away with it all you want, I doubt you will. Additionally, you'd need to find buyers for your coins. I'm sure you could find some but the value won't be but a fraction of what they were. Additionally, you'd need to do at least one currency exchange and each currency exchange is going to cost you. By the time you've done all of this, the value of the coins are small in comparison to what they were.

Let's even assume you manage to do a sale in the US for US currency. First of all, that's now illegal and the government will be looking for that. Secondly, you'll take a huge hit on whatever value the coins might still have simply because it's an illegal transaction and the people on the other side are taking quite a bit of risk upon themselves. Third, you've likely now added additional charges against you such as money laundering which is also looked for.

Simply put, having crypto declared illegal in just the US would effectively destroy it. It's not a currency. It's little more than a speculation with little value outside of being able to turn it into a usable currency. You don't use a coin when you go to the station to buy your gas and maybe something to drink or snack on. You don't use it to make a payment on your house. You don't use it to buy your groceries. You don't use it for anything for the daily needs of your life. In all those instances you'd need to sell the coins for actual currency to make those transactions.

These are the reasons why your insistence that crypto is immune make no sense.
 
Check out the huge amount of put orders by Goldman and Susquehanna on the 14th of February. A hit piece usually follows shortly thereafter to drive the price down further.

https://fintel.io/sob/us/amd

This is consistent and has been since 2015 at least.

I’m long AMD and have been since the low $2 range. I have over 14,000 shares invested.

There’s undeniably some stock price manipulation occurring.

I’ve been doing what they’ve been doing. Buying after a price dip and selling on the spikes caused after rumors.

Still up over 200% ROI.
 
I think what we need here, is another algorithm .
One that automatically designs ASIC's for 'mining'.
Fight fire with fire.
-
I'm not sure about this.AMD stock should not really be affected by mining operations.
If it truly is , I think that's probably bad.
 
BrainEater said:
I'm not sure about this.AMD stock should not really be affected by mining operations.
If it truly is , I think that's probably bad.
Click to expand...

If there was no mining, do you think AMD and partners would be selling every mid tier GPU they can make for above MSRP? No?

That is why mining affects stock pricing.
 
BrainEater said:
I think what we need here, is another algorithm .
One that automatically designs ASIC's for 'mining'.
Fight fire with fire.
-
I'm not sure about this.AMD stock should not really be affected by mining operations.
If it truly is , I think that's probably bad.
Click to expand...

I'd "mine" for that lol
 
Ocellaris said:
If there was no mining, do you think AMD and partners would be selling every mid tier GPU they can make for above MSRP? No?

That is why mining affects stock pricing.
Click to expand...

but yet the stock was bairly effected by selling out everything they made above msrp for over a year. i would have expected a large jump from all thise but stocks are manipulated and rairly a messure on how a company is doing.
 
Ocellaris said:
If there was no mining, do you think AMD and partners would be selling every mid tier GPU they can make for above MSRP? No?

That is why mining affects stock pricing.
Click to expand...

Ok, that is a problem tho.
That's overextension based on a small portion of the market.

I'm totally not trying to make this an AMD vs Intel thing , but do you think Intel gives a fuck about their percentage of sales to miners ?
---
Listen.......If AMD is really that bad off , I'll make my next folding rig a Ryzen.


:hungover:
 
Ocellaris said:
If there was no mining, do you think AMD and partners would be selling every mid tier GPU they can make for above MSRP? No?

That is why mining affects stock pricing.
Click to expand...

AMD doesn't make anything extra from above MSRP sales. AMD sells the silicon to companies who make the cards. Above MSRP doesn't net AMD anything. It's not likely to do much for the card makers either unless they have their own retail outlets because the markup is happening at the retail portion of the sale.

The only thing remotely affecting AMD would be the numbers sold. As it is, mid range GPU sales are basically the bread and butter of any GPU company. I highly doubt the sales numbers would drop much if miners totally stopped buying GPUs especially considering how many people have put off GPU sales because of a lack of availability as well as the huge markup in price. If the prices went back to normal there would probably be another run on GPUs for the people who have been waiting and waiting.

If mining was some sort of holy grail for AMD it would have affected AMD's stock price long ago. The fact that it didn't positively affect the stock price when things have been "going good", it wouldn't have much affect if those "good times" slack off.
 
[QUOTE="SmokeRngs, post: 1043555798] I highly doubt the sales numbers would drop much if miners totally stopped buying GPUs
If mining was some sort of holy grail for AMD it would have affected AMD's stock price long ago. The fact that it didn't positively affect the stock price when things have been "going good", it wouldn't have much affect if those "good times" slack off.[/QUOTE]
Nonsense

Mining absolutely affected AMDs profits positively —- in a HUGE way over the last year. As far as stock price that has a LOT more determining factors including desktop, server space, consoles, mobile, integrated, research and development, debt, brand, investments, infrastructure, cash reserve, etc etc etc.

Now what could be said is that it might be odd if the stock price didn’t tick up with the success of the Ryzen CPU over 2017. The RX5xx series cards were “also ran” status until crypto pumped up their value. And Vega was no better.
 
Last edited:
Archaea said:
Nonsense

Mining absolutely affected AMDs profits positively —- in a HUGE way over the last year. As far as stock price that has a LOT more determining factors including desktop, server space, consoles, mobile, integrated, research and development, debt, brand, investments, infrastructure, cash reserve, etc etc etc.
Click to expand...

AMD says that's not true.

Yesterday a report was published on AMD which hypothesized very high revenue for Ethereum-related GPU sales. As a reminder, on our Q4’17 earnings conference call we stated that the percentage of annual revenue related to Blockchain was approximately mid-single digit percentage in 2017. We had significant growth in the GPU business outside of Blockchain in Q4’17 as we ramped our Radeon Vega products, our GPU compute products, and our Apple business. We also spoke about strength across the rest of our business with AMD Ryzen and AMD EPYC product momentum. We have very compelling long-term drivers for the company including PCs, servers and graphics and our Q1 2018 financial guidance reflects that.

We appreciate the time and attention that investors continue to pay to Blockchain and cryptocurrency, but would also like to keep it in perspective with the multiple other growth opportunities ahead for AMD.
Click to expand...

https://www.barrons.com/articles/amd-refutes-crypto-dependency-claims-1522175669
 
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