This Is an Uprising -
How Nonviolent Revolt Is Shaping the Twenty-First Century
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Sunday, 11 March 2018
quote [ Qarnot, a heater manufacturing company based out of France, may have come up with one of the most innovative uses of cryptocurrency. That is to take the heat generated by mining cryptocoins and use it to heat your home. Any mined coins will be owned by the heater's owner, which allows them to offset the cost of the electricity and the unit. ]
#money honey
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spaceloaf said @ 9:38pm GMT on 11th March
Unfortunately, its not even close as far as I can tell.
People on reddit were estimating that a single GTX 1080 Ti card can make around $100 a month (net profit depending on electricity costs, conversion costs, etc.), even if you actually use it for gaming and only farm in your off hours. So even at a 50% markup (MSRP of $800, sale price of $1200), you can make back the entire cost of the card in a year.
They were even encouraging people to casually farm as it is the only way to compensate for the inflated hardware costs.
I fear that even when nVidia releases its new architecture, its not going to help anything because all these old 1080 Ti cards are still going to be profitable; just not as profitable. But miners are going to quickly buy up all the new cards, and since the old 1080 Ti cards are still viable prices are not going to normalize at all.
spaceloaf said @ 9:39pm GMT on 11th March
Unfortunately, its not even close as far as I can tell.
People on reddit were estimating that a single GTX 1080 Ti card can make around $100 a month (net profit depending on electricity costs, conversion costs, etc.), even if you actually use it for gaming and only farm in your off hours. So even at a 50% markup (MSRP of $800, sale price of $1200), you can make back the entire cost of the card in a year.
They were even encouraging people to casually farm as it is the only way to compensate for the inflated hardware costs.
I fear that even when nVidia releases its new architecture, its not going to help anything because all these old 1080 Ti cards are still going to be profitable; just not as profitable. But miners are going to quickly buy up all the new cards, and since the old 1080 Ti cards are still viable they are still going to be in demand. Prices won't normalize much if any in that case.
spaceloaf said @ 9:40pm GMT on 11th March
Unfortunately, its not even close as far as I can tell.
People on reddit were estimating that a single GTX 1080 Ti card can make around $100 a month (net profit depending on electricity costs, conversion costs, etc.), even if you actually use it for gaming and only farm in your off hours. So even at a 50% markup (MSRP of $800, sale price of $1200), you can make back the entire cost of the card in a year.
They were even encouraging people to casually farm as it is the only way to compensate for the inflated hardware costs.
I fear that even when nVidia releases its new architecture, its not going to help anything because all these old 1080 Ti cards are still going to be profitable; just not as profitable. But miners are going to quickly buy up all the new cards, and since the old 1080 Ti cards are still viable they are still going to be in demand. Prices won't normalize much (if any) in that case.
<-- Entry / Current Comment
spaceloaf said @ 9:38pm GMT on 11th March
Unfortunately, its not even close as far as I can tell.
People on reddit were estimating that a single GTX 1080 Ti card can make around $100 a month (net profit depending on electricity costs, conversion costs, etc.), even if you actually use it for gaming and only farm in your off hours. So even at a 50% markup (MSRP of $800, sale price of $1200), you can make back the entire cost of the card in a year.
They were even encouraging people to casually farm as it is the only way to compensate for the inflated hardware costs.
I fear that even when nVidia releases its new architecture, its not going to help anything because all these old 1080 Ti cards are still going to be profitable; just not as profitable. But miners are going to quickly buy up all the new cards, and since the old 1080 Ti cards are still viable they are still going to be in demand. Prices won't normalize much (if any) in that case.
I used to have a server that worked as a room heater, but year 'round.