It might be a hard time for miners who are now trying to mitigate losses and sell their GPUs on ebay, but this could also be a boon for all the gamers who couldn't find mid-range GPUs a few weeks ago.
https://www.notebookcheck.net/Crypto-miners-dump-their-GPUs-on-Ebay-as-Ethereum-drops-almost-50-in-value.235792.0.html
The world of mining has come to an end, cryptocurrency is dying, miners are dumping their GPUs and now they're flooding the market, these are all just false advertising, just to get people not to mine, the truth ethereum and Bitcoin will never die, but they will fall and come back many times, the fact is that cryptocurrency is at its infancy, one day it will rule this world.
Looking at Ebay listings in Europe that certainly doesn't appear to be the case, especially for newer cards, like the 500 series from AMD and GTX 1060/1070s.
The vast majority of listings are at ludicrously inflated prices and/or come with the restriction of not shipping to outside of UK/Germany.
Scuuuuuse me notebookcheck? Where exactly are they dumping affordable priced used cards? Not in Europe for sure..
This mining nonsense reminds me when everyone was going to get rich on the internet. Same thing here, this made up money is a joke and will never sustain itself.
who cares about this old GPUs ...
rx vega is almost out the market ...
let those miners keep all the GPU they bought ...
dont buy any of them ...
cause rx vega is here :P ...
Quote from: dl on July 20, 2017, 21:43:03
This mining nonsense reminds me when everyone was going to get rich on the internet. Same thing here, this made up money is a joke and will never sustain itself.
Im sorry and your fiat isnt made up money just in paper form? I know in the U.S. theres no gold backing that dollar
Quote from: SammySalman on July 20, 2017, 04:08:25The world of mining has come to an end, cryptocurrency is dying, miners are dumping their GPUs and now they're flooding the market, these are all just false advertising, just to get people not to mine, the truth ethereum and Bitcoin will never die, but they will fall and come back many times, the fact is that cryptocurrency is at its infancy, one day it will rule this world.
Even if that is the case, both ethereum and bitcoin would be dead. Any crypto currency of the future would be ones sanctioned by US, EU and China. At that point, they will ban all other crypto including bitcoin and etherium
Quote from: fiatisajoke on January 11, 2018, 04:19:47Im sorry and your fiat isnt made up money just in paper form? I know in the U.S. theres no gold backing that dollar
Any fiat currency is backed by the local government. The moment any major fiat currency collapses is the moment all crypto turns worthless. But if all crypto disappeared it would have no impact on the fiat currency