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

[the54thvoid]

How much bitcoins I would get in 2008 with core 2 Quadro, fastest RAM, HD 4870X2?

None. The first transaction came in 2009. BTC was sold at $0.0009.

 

[Dr. Dro]

I hope they go after Epyc and leave the desktop Zen5 models alone.

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You should hope this is not happening. AMD offers consumer HEDT (non Pro Threadrippers) starting at $1500 all the way up to $5000. EPYC pricing goes even higher. If demand on either of these high margin segments surges, AMD will respond by manufacturing less socket AM5 desktop grade chips that don't make them nearly as much cash. Then it won't be just a 7950X shortage.

 

[Metroid]

At this time, price/hardwaredevaluation/reward/volatility is not worth the effort, people doing this are morons because 3 usd gross is net 2$ per day right now per 1200 usd, that is 600 days to roi as soon as more people get in, that 2$ will become cents, in the end you will pay to mine and once you sell your hardware to recoup some of it then you will have to sell for 50% off, then that becomes 600 usd, in the end you will lose time, money and you will learn to never do that again.

 

[kapone32]

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.

You don't need a $250 MB. Any A620 of B650 MB will run that chip. You can call it a scam all you want all I know is that I have made a nice return with my mining rigs, I will be getting another 7900 series CPU as one of the secrets to AM5 mining is that you do not need a discrete GPU to run. With the way Bitcoin is going it may not take long to recoup.

 

[Denver]

You know they'll go after the highest performance/price ratio chip.

Amazon.com

It seems to me that in this case it would be 96 cores for $3499. lol

I just checked, and Qubic is too small, with only a few million in trade volume, to sustain a mining wave at the level of Ethereum, which has billions in volume.

 

[Guwapo77]

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.

It is the risk takers that get mega rich not those who wait for the analytics to show a guaranteed profit.

 

[R-T-B]

And the scourge returns.

It will never die. Get rich quick has become a tech field, to the detriment of all.

How much bitcoins I would get in 2008 with core 2 Quadro, fastest RAM, HD 4870X2?

Zero.

None. The first transaction came in 2009. BTC was sold at $0.0009.

Well tbh its a little more complicated than that. You'd get bitcoins, just couldn't do much if anything with them. Some old TPU thread here had people circa 2008-2010 basically doing exactly that.

 

[john_]

How much bitcoins I would get in 2008 with core 2 Quadro, fastest RAM, HD 4870X2?

If BTC was a fact in 2008 and that machine was so slow to even then in 2008, needing a year to produce 1 bitcoin and supposing that you have kept that bitcoin until today, that would have been a great investment.

People in mining just throw a dice, choose a coin and hope that coin one day to become the next bitcoin. We can laugh at them today, they could end up laughing at us in 10 years. Of course today it's probably extremely more difficult to have a case like bitcoin again.

 

[Chrispy_]

Ahah! That's why I'm being limited to 5 per order. I did wonder why everyone was restricting stock...

 

[scottslayer]

What location did you use for pricing electricity?

 

[kapone32]

What location did you use for pricing electricity?

Where I live

 

[Dr. Dro]

You don't need a $250 MB. Any A620 of B650 MB will run that chip. You can call it a scam all you want all I know is that I have made a nice return with my mining rigs, I will be getting another 7900 series CPU as one of the secrets to AM5 mining is that you do not need a discrete GPU to run. With the way Bitcoin is going it may not take long to recoup.

You don't need a $250 motherboard, but you do need to buy a case, a power supply, at least a small SSD, relevant networking gear, etc. which come to think of it, will end up more than $250 combined. My point stands. But of course, you know best, after all you have the power of divine judgment by your side.

 

[R-T-B]

If BTC was a fact in 2008 and that machine was so slow to even then in 2008, needing a year to produce 1 bitcoin and supposing that you have kept that bitcoin until today, that would have been a great investment.

I mean he could've literally mined thousands in a few days at 2009. He just had to be there and aware. Not 2008 though, bitcoin didn't exist until January 2009. I just googled.

History is littered with people who had wallets full of far more than 1 BTC and just forgot about them, never to get back to them. It's part of why the coin inflates so. Not because it's useful really, but because it wouldn't surprise me if half or more of the fixed amount is friggin MIA.

 

[john_]

I mean he could've literally mined thousands in a few days at 2009. He just had to be there and aware. Not 2008 though, bitcoin didn't exist until January 2009. I just googled.

History is littered with people who had wallets full of far more than 1 BTC and just forgot about them, never to get back to them. It's part of why the coin inflates so. Not because it's useful really, but because it wouldn't surprise me if half or more of the fixed amount is friggin MIA.

I used an extreme case, just 1 bitcoin, to show that things can change in a way that no one has predicted and what is a joke today, could be a real thing in 10 years.

 

[kapone32]

You don't need a $250 motherboard, but you do need to buy a case, a power supply, at least a small SSD, relevant networking gear, etc. which come to think of it, will end up more than $250 combined. My point stands. But of course, you know best, after all you have the power of divine judgment by your side.

I understand what you are saying but this is what you can do.

https://www.newegg.ca/msi-pro-a620m-e/p/N82E16813144598 $109

https://www.newegg.ca/crucial-8gb/p/N82E16820156352?Item=9SIADGEK975186 $42

https://www.newegg.ca/azza-psaz-550w/p/N82E16817517015?Item=N82E16817517015 $45

https://www.newegg.ca/kingspec-120gb-2-5-sata/p/0D9-000D-00117?Item=9SIB1V9FF84376 $23

Please show me a MB that does not have Networking. If you are like me, you have stuff lying around anyway to mitigate some of the costs. With the way that crypto is currently going CPU mining is pretty much academic, if the conditions are right. I probably won't do it right now but I keep seeing the 7900 for $499 and that is tempting me to take $700 out of my wallet and invest in that. to start an AM5 rig. No DGPU is very tempting from a price and power perspective for a mining rig.

 

[ThrashZone]

Where I live

Hi,
Likely oversight but you show no region hehe

But by the links I'd guess Canada

 

[kapone32]

Hi,
Likely oversight but you show no region hehe

But by the links I'd guess Canada

Canada all the way. Free Health care, a strong job market and great culinary selection. If only we could fix the housing crisis.

 

[Minus Infinity]

You need AI chip so this doesn't work with Zen3.

Zen 4 desktop has no NPU.

 

[Sabotaged_Enigma]

Damn crypto

 

[Readlight]

If BTC was a fact in 2008 and that machine was so slow to even then in 2008, needing a year to produce 1 bitcoin and supposing that you have kept that bitcoin until today, that would have been a great investment.

People in mining just throw a dice, choose a coin and hope that coin one day to become the next bitcoin. We can laugh at them today, they could end up laughing at us in 10 years. Of course today it's probably extremely more difficult to have a case like bitcoin again.

Two computers, before bitcoin, with Core 2 and first i7 with fastes ATI, NVIDIA videeocards and good quality motherbord, and RAM. Would make something. Next year sell videocard and put new one. And doing it in 16 years age, for pension.

 

[Wirko]

You don't need a $250 motherboard, but you do need to buy a case, a power supply, at least a small SSD, relevant networking gear, etc. which come to think of it, will end up more than $250 combined. My point stands. But of course, you know best, after all you have the power of divine judgment by your side.

If I were planning to build a 7700X (or i5, for that matter) system, with no plans for mining, this Qubic thing might just nudge me towards a 7950X - with plans for mining at night. The price (that is, price difference) in that case would be 200€, plus a bit more for a higher quality motherboard.

 

[Random_User]

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.



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

Spot on, Sir! People stuck with the witless, degenerated pattern thinking, and don't value anything. I bet there are a lot of "poor" professional users, who are right now into buying new 16 core CPU, instead of low end Threadrippers. And they are all are caught off guard by another mindless power 'sewerage' a la Chia. I still yet to see the reports, where all the erroded SSDs being dumped, or were they all sold as "new"?

AMD, on the other hand, might see another share price increase, though... Moreso, as professional users have no other way as to go HEDT. Double win for them. This and TinyBox mess can't be just coincidence.

 

[Haunter]

ROFL, I tried it with my 7950x3d, should have $4 per day and I can still work on my workstation. Nice.

 

[Speedyblupi]

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.

GDDR5 degrades significantly under heavy use. CPUs and GPUs do not.

Buying second-hand CPUs is very low-risk. Buying second-hand GPUs with new VRAM is also usually fine, if they've been put together competently.

 

[Dr. Dro]

GDDR5 degrades significantly under heavy use. CPUs and GPUs do not.

Buying second-hand CPUs is very low-risk. Buying second-hand GPUs with new VRAM is also usually fine, if they've been put together competently.

Every single semiconductor degrades under heavy use. Read up on electromigration for starters