Fed Up with GPU Prices? Crypto-Rig Builder Says Gamers Must Suck It Up and Mine

[Megalith]

Gamers should offset the inflated cost of graphics cards by mining cryptocurrency in their spare time, advises Josh Riddett, founder and Managing Director of Easy Crypto Hunter. He suggests that the inflated costs of GPUs these days may be trivial, in that “most cards can pay for themselves in just over a year.”

“I’ve spent a lot of my life gaming, I love it. I’ve made a lot of great friends in the online world. The reality of it is [though], no one rides horses when they’ve got cars,” he said. “Sometimes you’ve got to move with the times. At the end of the day, I appreciate that a graphics card will now cost you twice what it did before, I get that and it sucks, but it can also pay for itself in a year.”

 

[Elios]

thats nice if you have money upfront.... i REALLY hope AMD and nV find away to lock mining out of consumer cards make them buy FireGL and Quadros

 

[Danny Dawg]

I got two words for this guy . . .wanna guess what they are.

Certain computer part prices keep rocketing up and it will be console time baby.

 

[vegeta535]

thats nice if you have money upfront.... i REALLY hope AMD and nV find away to lock mining out of consumer cards make them buy FireGL and Quadros

You actually think they want to lock out miners lol? If they did then they would of by now.

 

[sean.b]

i've been wondering about the whole console route, myself. and while the prices there will, in theory, be more attractive due to the fact the consoles are usually subsidized, they'll still feel the impact of NAND and GPU prices being rocketed. even if they arent using the same discrete cards, the fact that fabrication of gpu's has become lucrative will still be a price they have to pay.

You actually think they want to lock out miners lol? If they did then they would of by now.

yea... that argument is like saying "traffic sucks in my town. manufacturers should ban cars from operating, here." a sell is a sell. if the card is used as a boat anchor or a mining rig, they dont care. nor should they.

 

[Azphira]

This is why I crave an overpowered halo gaming card with a price that has no ROI.

Maybe nvidia should make gaming cards with the SLI they bought for 112 million...

 

[SickBeast]

It's not "just over a year" in terms of ROI on a new GPU. The GTX 1080 Ti cards are currently earning less than $2/day, it's actually closer to $1.75/day. I know my GTX 1080 Ti cards have a MSRP of over $800USD right now, and as you guys know it's extremely hard to find cards for anywhere near MSRP right now. My estimate is the ROI is currently two years if you're lucky. The mining difficulty just keeps on going up and up. Right now is a terrible time to be getting into mining, and my own prediction is that we are going to see a flood of used cards on the market soon for dirt cheap. The mining has been steadily going south for over a month now. If gamers were smart they would wait for Volta or else a cheap used card.

 

[MaZa]

I got two words for this guy . . .wanna guess what they are.

Certain computer part prices keep rocketing up and it will be console time baby.

Same. I am a hardcore PC gamer at heart and thankfully I have a great gaming rig for now, but when the time to upgrade comes and if this bullshit is still going on I'll raise my middle finger to all of it and buy a console instead.

 

[Krenum]

What a dumb article. In my spare time? Outside of working, spending time with friends and family. Gaming, is my spare time.

Besides that, for it to be effective, you have to have the money up front to get into crypto mining, so whats the point?

 

[Hagrid]

What a dumb article. In my spare time? Well in my spare time, I'm working, spending time with friends and family. Gaming, is my spare time.

Besides that, for it to be effective, you have to have the money up front to get into crypto mining, so whats the point?

That's why you run a miner while you are not at your computer. Make money, unless the electric is too high.

They need articles for the whiners who did not get a card before the hike. Suck it up and just get a dam card or get a console. Life isn't fair? Welcome to the real world.

 

[Azphira]

Between the government magnifying glass, utility companies, and gpu prices, paying for it may soon take a whole lot of spare time.


Life is astonishingly fair, humans are not fair.

If life wasn't fair, we wouldn't be here to commiserate this.

 

[Slade]

This article is dumb; a single card will not offset the power cost needed to turn a profit these days.

 

[Cmdrmonkey]

Fuck this guy. How about you stop hoarding video cards and go get a real job.

 

[Master_shake_]

You know how I know he'll be the first in line begging for a job when crypto falls?

It's right in his job title before asshole after Fuck off.

 

[Krenum]

That's why you run a miner while you are not at your computer. Make money, unless the electric is too high.

They need articles for the whiners who did not get a card before the hike. Suck it up and just get a dam card or get a console. Life isn't fair? Welcome to the real world.

Thank you for your infinite wisdom Boo.

 

[viscountalpha]

i still keep hoping crypto mining on graphics cards becomes a thing of the past when they start making dedicated cards for this kind of nonsense.

 

[Ranulfo]

In some ways it makes more sense to get the "pro" version of the consoles. Even with a keyboard/mouse adapter like the xim4, that is less than a 1080ti. Console games are on sale as much as PC games are these days too.

On the upside, I'm seeing ssd prices drop a bit lately, especially 3d nand stuff.

 

[M76]

No I'll never mine in a thousand years, and not after that. As I wouldn't sell my mother either no matter how much they offered to pay.

 

[Zarathustra[H]]

Not everyone lives in a part of the country where electricity prices are dirt cheap.

Sure, you can mine on your down time, but it is much more difficult to turn a profit if you are paying a total between transmission, generation, taxes and fees of about 25c per kwh, like we do here.

Besides, cryptocurrencies are a big sham and bubble, especially the newer ones that are profitable to mine with GPU's today. A small handful of them, like Bitcoin, may have staying power, but those already can't be profitably mined with GPU's. You'd need ASIC's.

If you are making a profit with a GPU today, it's by mining bubble fueled junk currencies and quickly flipping them to uneducated ma & pa investors who don't know they are buying a house of cards. It just doesn't feel ethically or morally like something I could do.

 

[griff30]

No.
I'm not going to mine just to offset the cost.
Its crypto that got us into these prices and where our anger is centered, so it would be kind of queer to do it against your principals

 

[Krenum]

No.
I'm not going to mine just to offset the cost.
Its crypto that got us into these prices and where our anger is centered, so it would be kind of queer to do it against your principals

Exactly. I will not live my life with the motto of "If you can't beat em, join em".

 

[[Spectre]]

You actually think they want to lock out miners lol? If they did then they would of by now.

If they could lock them into higher margin professional cards? Sure.

 

[crazycrave]

Is this not the time to demand better software and hardware support for what we already have ? I have seen growth myself in areas like Eyefinity surround back in the day but I left iRacing .. now I would love to go back and do some testing with a Ryzen platform as to see the speed over my old x58 I used back in the day.

Now the only way this is going to work as for someone like AMD to have shot at controlling this mining is for people to just buy pre-built systems or combo's like I did with my 1400 as I got my ram a lot cheaper that way as then AMD can throw all gpu resources to that area of market to help control the flow better and make the cost to great for miners as I saw AMD Ryzen 1400 paired with RX 580 4Gb systems for like $700 at best buy and those custom guys could use some business . I decided to keep my Hawaii card build my platform but I did not need a card as I am happy at 1080p.

It's just an idea to an issue .

 

[Hagrid]

Thank you for your infinite wisdom Boo.

Hey, that is what I am here for!

There are quite a few people here that are just crying like the little kids about the guns. How about if you want a card, get with Kyle, make a list of gamers who need a card. People can sell to them for around MSRP.
[H]ow bout that!

 

[nightanole]

If they could lock them into higher margin professional cards? Sure.

Like they do server grade cards.

 

[nightanole]

It's not "just over a year" in terms of ROI on a new GPU. The GTX 1080 Ti cards are currently earning less than $2/day, it's actually closer to $1.75/day. I know my GTX 1080 Ti cards have a MSRP of over $800USD right now, and as you guys know it's extremely hard to find cards for anywhere near MSRP right now. My estimate is the ROI is currently two years if you're lucky. The mining difficulty just keeps on going up and up. Right now is a terrible time to be getting into mining, and my own prediction is that we are going to see a flood of used cards on the market soon for dirt cheap. The mining has been steadily going south for over a month now. If gamers were smart they would wait for Volta or else a cheap used card.

2.5 years. It hit 7000 today before a slight bounce.

 

[Elios]

You actually think they want to lock out miners lol? If they did then they would of by now.

of consumer level cards yes make they pay more for mining only or quardo level cards

 

[Spidey329]

If they could lock them into higher margin professional cards? Sure.

It's a production capacity issue. If they lock them into pro cards, they'll need to ramp up production of pro cards to meet demand. Those cards will still be sucking up the supply of other components, and gaming cards will still be in limited supply. It's not like pro-cards and gaming cards aren't made on the same production line, heck, a lot of times they're the same card with a tweaked firmware.

I've said it before and I'll say it again, this is a very difficult problem to solve.

 

[Orddie]

OR!! visit the FS section of every online forum and get some good deals

 

[SickBeast]

2.5 years. It hit 7000 today before a slight bounce.

It's up to $8150 currently. It could be a good buying opportunity and the investors could start to pile on with the price down.

 

[jkw]

Riddett probably also thinks that everybody with a car should work for Uber.

 

[Krenum]

How about if you want a card, get with Kyle, make a list of gamers who need a card. People can sell to them for around MSRP.
[H]ow bout that!

That's a good idea.

 

[Zarathustra[H]]

Worth posting

 

[Krenum]

Worth posting

I was listening until the Ronald Regan bit, fuckin Limey.

 

[Zarathustra[H]]

I was listening until the Ronald Regan bit, fuckin Limey.

Yeah, I was rewatching it after posting it. I didn't remember that joke from the first time around, and when I saw realized it had the potential for turning a bunch of people off, which is unfortunate.

Because of it you missed the best, most relevant bits in the second half which were both hilarious, and good exposures of the ridiculousness of the crypto market right now.

Would have been better had he just stayed on topic, because he does do funny exposé's very well.

 

[Dregan73]

Josh Riddett should go eat a dick, in any case im lucky i bought my 1080 ti the day it came out before everything went to shit, hopefully i can ride this out for awile untill everything goes back to normal

 

[MNKyDeth]

I'm still waiting for MSRP prices to go back to the $500 mark for the absolute top tier high end card.

This is for a brand new one not opened and used.

I bought my 780 for $600 and my 1050ti for $75. Splurged on the 780 when it was new. But looking up my 1050ti just last week on Newegg .... They had it at $250 for a card that struggles at Max all settings at 1080p is insane.

 

[TordanGow]

With graphics card at the crazy prices they are there's no way in hell I'd spend that kind of money on them. I actually had it in my budget to upgrade to a better card, but no bueno on 2 year old tech for 2x MSRP. However I had some money burning a hole in my pocket so I said screw it, if they don't want to make imaginary guns affordable, I'll just go get a real one instead.


AMD: Pushing people towards REAL guns since September 2017!

Waiting on my stock to show up, then I'll adjust the scope relief and rings.

 

[Ultima99]

I'm still waiting for MSRP prices to go back to the $500 mark for the absolute top tier high end card.

Good luck with that.

 

[WhoMe]

My rig already wastes too much electricity, I'm not going to add to my carbon footprint doing this (and yeah my power comes from hydro-electric, but it could be sold to systems that don't). Besides a couple of dollars a month is not going to make up for the high prices in a year. And I don't want the computer fans running while I'm asleep. This is a stupid, "solution."