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

btarunr

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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.



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You need AI chip so this doesn't work with Zen3.
 
Low quality post by Space Lynx
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.
 
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.
 
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.
 
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.
 
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.
 
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
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
"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
It's not a climate discussion - stay on topic. No more warnings.
 
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?
 
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
 
Luckily I'm already at the endgame for AM4 and don't see a reason to upgrade until AM6.
 
Does this mean Zen 5 is already sold out?
 
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!
 
I hope they go after Epyc and leave the desktop Zen5 models alone.

d8a95dcc610c086a16836e3c76f6064ef8381f45_2_1024x768.jpeg
 
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!
 
How much bitcoins I would get in 2008 with core 2 Quadro, fastest RAM, HD 4870X2?
 
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