• Welcome to TechPowerUp Forums, Guest! Please check out our forum guidelines for info related to our community.

Qubic Cryptocurrency Mining Craze Causes AMD Ryzen 9 7950X Stocks to Evaporate

btarunr

Editor & Senior Moderator
Staff member
Joined
Oct 9, 2007
Messages
47,224 (7.55/day)
Location
Hyderabad, India
System Name RBMK-1000
Processor AMD Ryzen 7 5700G
Motherboard ASUS ROG Strix B450-E Gaming
Cooling DeepCool Gammax L240 V2
Memory 2x 8GB G.Skill Sniper X
Video Card(s) Palit GeForce RTX 2080 SUPER GameRock
Storage Western Digital Black NVMe 512GB
Display(s) BenQ 1440p 60 Hz 27-inch
Case Corsair Carbide 100R
Audio Device(s) ASUS SupremeFX S1220A
Power Supply Cooler Master MWE Gold 650W
Mouse ASUS ROG Strix Impact
Keyboard Gamdias Hermes E2
Software Windows 11 Pro
It looks like cryptocurrency mining is back in craze, as miners are firing up their old mining hardware from 2022 to cash in. Bitcoin is now north of $72,000, and is dragging up the value of several other cryptocurrencies, one such being Qubic (QBIC). Profitability calculators put 24 hours of Qubic mining on an AMD Ryzen 9 7950X 16-core processor at around $3, after subtracting energy costs involved in running the chip at its default 170 W TDP. "Zen 4" processors such as the 7950X tend to retain much of their performance with slight underclocking, and reducing their power limits; which is bound to hold or increase profitability, while also prolonging the life of the hardware.

And thus, the inevitable has happened—stocks of the AMD Ryzen 9 7950X have disappeared overnight across online retail. With the market presence of the 7950X3D and the Intel Core i9-14900K, the 7950X was typically found between $550-600, which would have added great value considering its low input costs. CPU-based cryptocurrency miners, including the QBIC miner, appear to be taking advantage of the AVX-512 instruction set. AMD "Zen 4" microarchitecture supports AVX-512 through its dual-pumped 256-bit FPU, and the upcoming "Zen 5" microarchitecture is rumored to double AVX-512 performance over "Zen 4." Meanwhile, Intel has deprecated what few client-relevant AVX-512 instructions its Core processors had since 12th Gen "Alder Lake," as it reportedly affected sales of Xeon processors. What about the 7950X3D? It's pricier, but mining doesn't benefit from the 3D V-cache, and the chip doesn't sustain the kind of CPU clocks the 7950X manages to do across all its 16 cores. It's only a matter of time before the 7950X3D disappears, too; followed by 12-core models such as the 65 W 7900, the 170 W 7900X, and the 7900X3D.



View at TechPowerUp Main Site | Source
 
Joined
Apr 21, 2010
Messages
578 (0.11/day)
System Name Home PC
Processor Ryzen 5900X
Motherboard Asus Prime X370 Pro
Cooling Thermaltake Contac Silent 12
Memory 2x8gb F4-3200C16-8GVKB - 2x16gb F4-3200C16-16GVK
Video Card(s) XFX RX480 GTR
Storage Samsung SSD Evo 120GB -WD SN580 1TB - Toshiba 2TB HDWT720 - 1TB GIGABYTE GP-GSTFS31100TNTD
Display(s) Cooler Master GA271 and AoC 931wx (19in, 1680x1050)
Case Green Magnum Evo
Power Supply Green 650UK Plus
Mouse Green GM602-RGB ( copy of Aula F810 )
Keyboard Old 12 years FOCUS FK-8100
You need AI chip so this doesn't work with Zen3.
 
Low quality post by Space Lynx

Space Lynx

Astronaut
Joined
Oct 17, 2014
Messages
17,187 (4.66/day)
Location
Kepler-186f
Sigh.

Fucking.

Sigh.

Can't wait for climate change to wipe us out, what a useless species we are time and time again. Endwalker indeed.
 
Joined
Dec 25, 2020
Messages
6,677 (4.68/day)
Location
São Paulo, Brazil
System Name "Icy Resurrection"
Processor 13th Gen Intel Core i9-13900KS Special Edition
Motherboard ASUS ROG MAXIMUS Z790 APEX ENCORE
Cooling Noctua NH-D15S upgraded with 2x NF-F12 iPPC-3000 fans and Honeywell PTM7950 TIM
Memory 32 GB G.SKILL Trident Z5 RGB F5-6800J3445G16GX2-TZ5RK @ 7600 MT/s 36-44-44-52-96 1.4V
Video Card(s) ASUS ROG Strix GeForce RTX™ 4080 16GB GDDR6X White OC Edition
Storage 500 GB WD Black SN750 SE NVMe SSD + 4 TB WD Red Plus WD40EFPX HDD
Display(s) 55-inch LG G3 OLED
Case Pichau Mancer CV500 White Edition
Power Supply EVGA 1300 G2 1.3kW 80+ Gold
Mouse Microsoft Classic Intellimouse
Keyboard Generic PS/2
Software Windows 11 IoT Enterprise LTSC 24H2
Benchmark Scores I pulled a Qiqi~
Majestic, spend $600+ on a processor (and at least $250 on a relevant motherboard) so you can make up to 3 dollars a day on some volatile as all hell shitcoin no one ever heard of before. Provided this doesn't flop like Chia did (another scheme that turned out to be), maybe you get initial ROI by next year.

You know I often have to question the sanity of these morons still insisting on getting into the crypto scam.
 

Space Lynx

Astronaut
Joined
Oct 17, 2014
Messages
17,187 (4.66/day)
Location
Kepler-186f
Majestic, spend $600+ on a processor (and at least $250 on a relevant motherboard) so you can make up to 3 dollars a day on some volatile as all hell shitcoin no one ever heard of before. Provided this doesn't flop like Chia did (another scheme that turned out to be), maybe you get initial ROI by next year.

You know I often have to question the sanity of these morons still insisting on getting into the crypto scam.

I remember when using hard drives for mining the newest hype coin happened, it did raise HDD spin drive prices too... so pathetic. Just one of the thousands in the dust bin of history pump and dump schemes. Such a waste of resources in so many ways... it's really sad.
 
Joined
Apr 12, 2013
Messages
7,520 (1.77/day)
Meh the pumpers/dumpers will get rich way earlier! I wish there was a way to track these MLM scammers & prosecute them because crypto is basically just that right now.
 
Joined
Dec 25, 2020
Messages
6,677 (4.68/day)
Location
São Paulo, Brazil
System Name "Icy Resurrection"
Processor 13th Gen Intel Core i9-13900KS Special Edition
Motherboard ASUS ROG MAXIMUS Z790 APEX ENCORE
Cooling Noctua NH-D15S upgraded with 2x NF-F12 iPPC-3000 fans and Honeywell PTM7950 TIM
Memory 32 GB G.SKILL Trident Z5 RGB F5-6800J3445G16GX2-TZ5RK @ 7600 MT/s 36-44-44-52-96 1.4V
Video Card(s) ASUS ROG Strix GeForce RTX™ 4080 16GB GDDR6X White OC Edition
Storage 500 GB WD Black SN750 SE NVMe SSD + 4 TB WD Red Plus WD40EFPX HDD
Display(s) 55-inch LG G3 OLED
Case Pichau Mancer CV500 White Edition
Power Supply EVGA 1300 G2 1.3kW 80+ Gold
Mouse Microsoft Classic Intellimouse
Keyboard Generic PS/2
Software Windows 11 IoT Enterprise LTSC 24H2
Benchmark Scores I pulled a Qiqi~
Meh the pumpers/dumpers will get rich way earlier! I wish there was a way to track these MLM scammers & prosecute them because crypto is basically just that right now.

I'm afraid it had always been just that from the very beginning. The lockdowns of 2020-2022 only took that to new heights. It all came down when people began being able to have jobs again and gambling your resources on volatile cryptocurrencies lost most of the appeal in favor of far safer options that are on the books.
 
Joined
Jan 9, 2023
Messages
295 (0.43/day)
Majestic, spend $600+ on a processor (and at least $250 on a relevant motherboard) so you can make up to 3 dollars a day on some volatile as all hell shitcoin no one ever heard of before. Provided this doesn't flop like Chia did (another scheme that turned out to be), maybe you get initial ROI by next year.

You know I often have to question the sanity of these morons still insisting on getting into the crypto scam.
I'm not saying I'm supporting this, but you're totally ignoring the value of the hardware itself. You can recoup a large amount of your investment by selling second hand.
I'd wager you'd break even within a month, even sooner if prices go up like the GPU shitshow.
 
Low quality post by Legacy-ZA
Joined
Dec 14, 2011
Messages
1,026 (0.22/day)
Location
South-Africa
Processor AMD Ryzen 9 5900X
Motherboard ASUS ROG STRIX B550-F GAMING (WI-FI)
Cooling Corsair iCUE H115i Elite Capellix 280mm
Memory 32GB G.Skill DDR4 3600Mhz CL18
Video Card(s) ASUS GTX 1650 TUF
Storage Sabrent Rocket 1TB M.2
Display(s) Dell S3220DGF
Case Corsair iCUE 4000X
Audio Device(s) ASUS Xonar D2X
Power Supply Corsair AX760 Platinum
Mouse Razer DeathAdder V2 - Wireless
Keyboard Redragon K618 RGB PRO
Software Microsoft Windows 11 - Enterprise (64-bit)
Well, since I have a backup GPU now, I don't care, maybe I will sell my 3070Ti for $5000 in the future, who knows ;)

Can't wait for climate change to wipe us out, what a useless species we are time and time again. Endwalker indeed.

"climate change"

:roll:
 
Low quality post by Vayra86
Joined
Sep 17, 2014
Messages
22,422 (6.03/day)
Location
The Washing Machine
Processor 7800X3D
Motherboard MSI MAG Mortar b650m wifi
Cooling Thermalright Peerless Assassin
Memory 32GB Corsair Vengeance 30CL6000
Video Card(s) ASRock RX7900XT Phantom Gaming
Storage Lexar NM790 4TB + Samsung 850 EVO 1TB + Samsung 980 1TB + Crucial BX100 250GB
Display(s) Gigabyte G34QWC (3440x1440)
Case Lian Li A3 mATX White
Audio Device(s) Harman Kardon AVR137 + 2.1
Power Supply EVGA Supernova G2 750W
Mouse Steelseries Aerox 5
Keyboard Lenovo Thinkpad Trackpoint II
Software W11 IoT Enterprise LTSC
Benchmark Scores Over 9000
"climate change"

:roll:
Don't worry, the models don't need to prove it anymore, its already happening faster than anyone imagined.

Luckily, we're saving climate right now. See that sharp drop? :) Oh wait.. we needed just 80 years to multiply the figure by 6. A single human life's duration. Yeah, this ain't going wrong at all.

1710315970840.png
 
Low quality post by napata

the54thvoid

Super Intoxicated Moderator
Staff member
Joined
Dec 14, 2009
Messages
13,044 (2.39/day)
Location
Glasgow - home of formal profanity
Processor Ryzen 7800X3D
Motherboard MSI MAG Mortar B650 (wifi)
Cooling be quiet! Dark Rock Pro 4
Memory 32GB Kingston Fury
Video Card(s) Gainward RTX4070ti
Storage Seagate FireCuda 530 M.2 1TB / Samsumg 960 Pro M.2 512Gb
Display(s) LG 32" 165Hz 1440p GSYNC
Case Asus Prime AP201
Audio Device(s) On Board
Power Supply be quiet! Pure POwer M12 850w Gold (ATX3.0)
Software W10
It's not a climate discussion - stay on topic. No more warnings.
 
Joined
Apr 18, 2019
Messages
2,342 (1.15/day)
Location
Olympia, WA
System Name Sleepy Painter
Processor AMD Ryzen 5 3600
Motherboard Asus TuF Gaming X570-PLUS/WIFI
Cooling FSP Windale 6 - Passive
Memory 2x16GB F4-3600C16-16GVKC @ 16-19-21-36-58-1T
Video Card(s) MSI RX580 8GB
Storage 2x Samsung PM963 960GB nVME RAID0, Crucial BX500 1TB SATA, WD Blue 3D 2TB SATA
Display(s) Microboard 32" Curved 1080P 144hz VA w/ Freesync
Case NZXT Gamma Classic Black
Audio Device(s) Asus Xonar D1
Power Supply Rosewill 1KW on 240V@60hz
Mouse Logitech MX518 Legend
Keyboard Red Dragon K552
Software Windows 10 Enterprise 2019 LTSC 1809 17763.1757
This is fantastic for those holding off on upgrades.
As soon as this boom is over w/, the used 7950x will probably be cheaper than most new AM5 CPUs. :laugh:

Seriously, who doesn't want a 'Ellesmere-Polaris situation' with 16core Zen4s?
 
Joined
Dec 25, 2020
Messages
6,677 (4.68/day)
Location
São Paulo, Brazil
System Name "Icy Resurrection"
Processor 13th Gen Intel Core i9-13900KS Special Edition
Motherboard ASUS ROG MAXIMUS Z790 APEX ENCORE
Cooling Noctua NH-D15S upgraded with 2x NF-F12 iPPC-3000 fans and Honeywell PTM7950 TIM
Memory 32 GB G.SKILL Trident Z5 RGB F5-6800J3445G16GX2-TZ5RK @ 7600 MT/s 36-44-44-52-96 1.4V
Video Card(s) ASUS ROG Strix GeForce RTX™ 4080 16GB GDDR6X White OC Edition
Storage 500 GB WD Black SN750 SE NVMe SSD + 4 TB WD Red Plus WD40EFPX HDD
Display(s) 55-inch LG G3 OLED
Case Pichau Mancer CV500 White Edition
Power Supply EVGA 1300 G2 1.3kW 80+ Gold
Mouse Microsoft Classic Intellimouse
Keyboard Generic PS/2
Software Windows 11 IoT Enterprise LTSC 24H2
Benchmark Scores I pulled a Qiqi~
I'm not saying I'm supporting this, but you're totally ignoring the value of the hardware itself. You can recoup a large amount of your investment by selling second hand.
I'd wager you'd break even within a month, even sooner if prices go up like the GPU shitshow.

It's no secret cryptocurrency mining erodes the hardware in record speed because it's a constant high current workload. "You can sell it later" counts on there being a sucker out there to buy this e-waste, which unfortunately tends to be true.

For example, even if you were to completely refurbish it by taking the processor core from a mining GPU and installing it on a completely new PCB (Chinese counterfeit 101: look at the sheer volume of people asking for help with counterfeit Polaris cards from Aliexpress on the forum), the hardware is simply going to fail, it's already spent.

This is fantastic for those holding off on upgrades.
As soon as this boom is over w/, the used 7950x will probably be cheaper than most new AM5 CPUs. :laugh:

Seriously, who doesn't want a 'Ellesmere-Polaris situation' with 16core Zen4s?

If it means I have to read threads daily about how their mined counterfeits need a new bios except this time it's that they get BSOD's at stock clocks no thank you
 
Joined
Feb 23, 2019
Messages
6,059 (2.89/day)
Location
Poland
Processor Ryzen 7 5800X3D
Motherboard Gigabyte X570 Aorus Elite
Cooling Thermalright Phantom Spirit 120 SE
Memory 2x16 GB Crucial Ballistix 3600 CL16 Rev E @ 3800 CL16
Video Card(s) RTX3080 Ti FE
Storage SX8200 Pro 1 TB, Plextor M6Pro 256 GB, WD Blue 2TB
Display(s) LG 34GN850P-B
Case SilverStone Primera PM01 RGB
Audio Device(s) SoundBlaster G6 | Fidelio X2 | Sennheiser 6XX
Power Supply SeaSonic Focus Plus Gold 750W
Mouse Endgame Gear XM1R
Keyboard Wooting Two HE
Luckily I'm already at the endgame for AM4 and don't see a reason to upgrade until AM6.
 
Joined
Jun 29, 2023
Messages
548 (1.07/day)
Location
Spain
System Name Gungnir
Processor Ryzen 5 7600X
Motherboard ASUS TUF B650M-PLUS WIFI
Cooling Thermalright Peerless Assasin 120 SE Black
Memory 2x16GB DDR5 CL36 5600MHz
Video Card(s) XFX RX 6800XT Merc 319
Storage 1TB WD SN770 | 2TB WD Blue SATA III SSD
Display(s) 1440p 165Hz VA
Case Lian Li Lancool 215
Audio Device(s) Beyerdynamic DT 770 PRO 80Ohm
Power Supply EVGA SuperNOVA 750W 80 Plus Gold
Mouse Logitech G Pro Wireless
Keyboard Keychron V6
VR HMD The bane of my existence (Oculus Quest 2)
Joined
Jan 3, 2021
Messages
3,478 (2.45/day)
Location
Slovenia
Processor i5-6600K
Motherboard Asus Z170A
Cooling some cheap Cooler Master Hyper 103 or similar
Memory 16GB DDR4-2400
Video Card(s) IGP
Storage Samsung 850 EVO 250GB
Display(s) 2x Oldell 24" 1920x1200
Case Bitfenix Nova white windowless non-mesh
Audio Device(s) E-mu 1212m PCI
Power Supply Seasonic G-360
Mouse Logitech Marble trackball, never had a mouse
Keyboard Key Tronic KT2000, no Win key because 1994
Software Oldwin
Does this mean Zen 5 is already sold out?
 
Joined
Dec 12, 2016
Messages
1,819 (0.63/day)
Is it $3 per day per machine in profit? If it is, that’s over $30,000 per year for 30 PCs or one internet cafe!
 
Joined
Oct 6, 2021
Messages
1,605 (1.41/day)
I hope they go after Epyc and leave the desktop Zen5 models alone.

d8a95dcc610c086a16836e3c76f6064ef8381f45_2_1024x768.jpeg
 
Joined
Jan 3, 2021
Messages
3,478 (2.45/day)
Location
Slovenia
Processor i5-6600K
Motherboard Asus Z170A
Cooling some cheap Cooler Master Hyper 103 or similar
Memory 16GB DDR4-2400
Video Card(s) IGP
Storage Samsung 850 EVO 250GB
Display(s) 2x Oldell 24" 1920x1200
Case Bitfenix Nova white windowless non-mesh
Audio Device(s) E-mu 1212m PCI
Power Supply Seasonic G-360
Mouse Logitech Marble trackball, never had a mouse
Keyboard Key Tronic KT2000, no Win key because 1994
Software Oldwin
Is it $3 per day per machine in profit? If it is, that’s over $30,000 per year for 30 PCs or one internet cafe!
And in cold climates, the internet cafe will be excessively warm in the morning, which will attract more guests!
 
Joined
Sep 15, 2015
Messages
1,068 (0.32/day)
Location
Latvija
System Name Fujitsu Siemens, HP Workstation
Processor Athlon x2 5000+ 3.1GHz, i5 2400
Motherboard Asus
Memory 4GB Samsung
Video Card(s) rx 460 4gb
Storage 750 Evo 250 +2tb
Display(s) Asus 1680x1050 4K HDR
Audio Device(s) Pioneer
Power Supply 430W
Mouse Acme
Keyboard Trust
How much bitcoins I would get in 2008 with core 2 Quadro, fastest RAM, HD 4870X2?
 
Top