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Author Topic: [2017-07-10] Is Bitcoin Bad for Gamers?  (Read 4906 times)
elite3000
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July 11, 2017, 01:04:25 PM
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As cryptocurrencies continue to build momentum among a larger user base and gain prominence within the non-virtual world, there are likely to be some unanticipated effects. For proponents of Bitcoin, the largest digital currency by market cap, more Bitcoin users means a larger and more competitive market, as well as additional instances of brick-and-mortar stores taking on Bitcoin capabilities.

http://www.investopedia.com/news/bitcoin-bad-gamers/




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July 11, 2017, 04:30:28 PM
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Bitcoin has nothing to do with gpu prices going up, at least not anymore. Almost everyone has moved away from gpus since the arrival of ASIC's. The current demand for gpus is streaming from altcoins like Ethereum which use and algorithm that discourages Asic development. While the recent demand has waned the supply of cards, I feel it will only be temporary until AMD and Nvidia start releasing their mining specific cards.

 Aside from that, I see Bitcoin having many uses for gamers/games as an ingame currency for microtransaction, auction houses, dlc and more.

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July 11, 2017, 05:22:44 PM
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Bitcoin has nothing to do with gpu prices going up, at least not anymore. Almost everyone has moved away from gpus since the arrival of ASIC's. The current demand for gpus is streaming from altcoins like Ethereum which use and algorithm that discourages Asic development. While the recent demand has waned the supply of cards, I feel it will only be temporary until AMD and Nvidia start releasing their mining specific cards.

Spot on.  Seems they're working on some outdated research, but I suppose that's understandable with the rate at which things develop in cryptoland.  GPUs are definitely still in use for some altcoins, but it's difficult to tell exactly what effect it might be having because there's a lot we don't know.  How many people are going out to buy GPUs just for that specific purpose?  In what quantity?  Or even if it is indeed solely that activity causing the shortage?  Even if there were surveys for this sort of thing, I wouldn't expect everyone to answer honestly due to any tax implications that might arise.  It's one of those things that can really only be speculated upon. 

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July 12, 2017, 02:57:58 PM
 #4

Hey, what more do you want? You buy a GPU for games and in it's idle time, it mines Crypto currencies for you. You take the profit from the coins

you mined and pay back the cost of the card. {obviously over time} I started out looking for a GPU for gaming and stumbled onto Bitcoin and I

have never looked back since. {I even stopped playing games}



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.BITVEST DICE.
HAS BEEN RELEASED!


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Rainbot
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July 12, 2017, 03:23:45 PM
 #5

Биткойн не имеет ничего общего с тем, что цены на gpu растут, по крайней мере, не больше
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July 12, 2017, 04:13:06 PM
 #6

Bitcoin has nothing to do with gpu prices going up, at least not anymore. Almost everyone has moved away from gpus since the arrival of ASIC's. The current demand for gpus is streaming from altcoins like Ethereum which use and algorithm that discourages Asic development. While the recent demand has waned the supply of cards, I feel it will only be temporary until AMD and Nvidia start releasing their mining specific cards.

Spot on.  Seems they're working on some outdated research, but I suppose that's understandable with the rate at which things develop in cryptoland.  GPUs are definitely still in use for some altcoins, but it's difficult to tell exactly what effect it might be having because there's a lot we don't know.  How many people are going out to buy GPUs just for that specific purpose?  In what quantity?
It is kind of vague, but if you look at Ethereum's hashrate over the last couple of months, you can sort of gather where a lot of those GPUs went.

Many more coins are in use which have mostly GPU mining as well.  While Bitcoin is huge with all the ASICs, there's a lot of money going into mining alts.
  Or even if it is indeed solely that activity causing the shortage?
The crypto market it pretty unpredictable, so it's the only factor I could think of which would cause the shortage.

While there might be more to it, AMD and NVIDIA will be producing certain amounts of GPUs and expecting most of them to be used in the gaming niche, so when a whole new niche jumps on the scene with an incentive to just buy shitloads of their graphics cards, you can see the link there.

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