gpu bubble well and truly bursting

[techansaari]

He is brave, well if he holds the coins he mines at a loss and then pumpers pump eth and he sells at 100% more hehe, he will pay off his electricity but is a gamble, right now he is playing a 100% game and he owns only 30%. I would not play a game which I have only 30% chance to win, trading buying and selling coins gives you 50% chance.

with the price of ETH it's more efficient to mine other coins with nvidia and then buy ETH - brings more profit in the end and you can get ~ twice ETH than you would do with mining

Could you please suggest one?, THANKS

[philipma1957]

Op please change title as the 1080ti's are selling at or above  699


lowest buy it now on eBay  for used card

http://www.ebay.com/itm/ZOTAC-Nvidia-GTX-1080-Ti-11GB-FOUNDERS-EDITION-FE-Mining-Rig-ETH-Bitcoin-BTC-/322595960439?


lowest buy it now for new on eBay

hhtp://www.ebay.com/itm/PNY-GeForce-GTX-1080-Ti-DirectX-12-VCGGTX1080T11PB-CG2-11GB-352-Bit-GDDR5X-PCI-E-/302296147320?


as much as you may want  a fully burst bubble it is not.

It will not be fully burst until the 1080 ti's drop to 600

[Marvell1]

Op please change title as the 1080ti's are selling at or above  699


lowest buy it now on eBay  for used card

http://www.ebay.com/itm/ZOTAC-Nvidia-GTX-1080-Ti-11GB-FOUNDERS-EDITION-FE-Mining-Rig-ETH-Bitcoin-BTC-/322595960439?


lowest buy it now for new on eBay

hhtp://www.ebay.com/itm/PNY-GeForce-GTX-1080-Ti-DirectX-12-VCGGTX1080T11PB-CG2-11GB-352-Bit-GDDR5X-PCI-E-/302296147320?


as much as you may want  a fully burst bubble it is not.

It will not be fully burst until the 1080 ti's drop to 600

Yup, ppl still have hope that prices will go up after Segwitt and bitcoin news is over and ICO's slow down eth dumps , Crypto is still relatively strong almost 85 billion still in market cap

until we get wiped down to say 20-30 billions I dont think anyone will fully panic yet.

On a side note I saw microcenter now has a stock of 570s, I will pick them up tmw if they dont sell, retail prices 200 or so

[Liquid71]

lol bubble not even close to being done. When you see can't mine anything profitably the bubble burst and you'll see cards selling well below their value on Ebay.

[philipma1957]

lol bubble not even close to being done. When you see can't mine anything profitably the bubble burst and you'll see cards selling well below their value on Ebay.

Frankly the title is wrong .  It has leaked a bit.

In fact  btc has done worse 2997 high to 1925  with 15% diff increase on top of it.

[pdpanzer]

OK guys, I've been following this thread and I realized I could really use some ADVICE!

I'm pretty new to the mining scene, meaning that I just got into it. I started ordering my first GPU's about 3 weeks ago when ETH was around $350 but since then things have really changed...

Right now I'm mining with 5 nvidia GPUs  2x 1070, 2x1060 6gb and 1x 1060 3gb. I didn't overpay for these cards, actually I got a pretty good deal on them. Currently I'm mining ETH with ~130MH/s but after reading this topic it's clear to me that maybe I should switch, although it's not clear to me to what and why.... I check whattomine.com regularly but ETH is almost among the most profitable coins to mine, and even if it's not, the others are maybe about 5% more profitable.

Anyway, the thing is that I still have some GPU's that I pre-ordered (at a normal price of $320-$350) and I'm still waiting for them ( 5x RX580 8Gb) but after reading this thread I'm starting to have my doubts and thinking about cancelling these orders...
The most important thing to me right now (since I just got into the game) would be to ROI my GPU's as soon as possible. Ideally I should cancel my order for the 5 RX580's that I pre-ordered and should arrive in the next 2-3 weeks, and wait 'til august to see what happens to bitcoin and to the whole crypto market. However this also means another 3-4 weeks of waiting if I decide to re-place those orders again in august. On the other hand I see people here not recommending to buy AMD GPU's at all, since ETH mining will not be profitable very soon...
(By the way, returning those orders is NOT an options since they were ordered internationally and would imply a lot of costs)

So right now my mind is racing and I'm full of doubts if I should invest in another rig with RX580 or maybe in something else. I do have a limited buget for another rig, around $2000

Whatever you do, I promise you if you there will be no shortage of cards going forward and very good prices on them. So, I'd cancel, and when you have no doubts you want them, reorder again. Chance are you'll be able to pick them at half price with the selling flood too. Now, if you want to keep them, make sure you commit to no regrets and buyer remorse. Win or Lose, be confident.

[Marvell1]

OK guys, I've been following this thread and I realized I could really use some ADVICE!

I'm pretty new to the mining scene, meaning that I just got into it. I started ordering my first GPU's about 3 weeks ago when ETH was around $350 but since then things have really changed...

Right now I'm mining with 5 nvidia GPUs  2x 1070, 2x1060 6gb and 1x 1060 3gb. I didn't overpay for these cards, actually I got a pretty good deal on them. Currently I'm mining ETH with ~130MH/s but after reading this topic it's clear to me that maybe I should switch, although it's not clear to me to what and why.... I check whattomine.com regularly but ETH is almost among the most profitable coins to mine, and even if it's not, the others are maybe about 5% more profitable.

Anyway, the thing is that I still have some GPU's that I pre-ordered (at a normal price of $320-$350) and I'm still waiting for them ( 5x RX580 8Gb) but after reading this thread I'm starting to have my doubts and thinking about cancelling these orders...
The most important thing to me right now (since I just got into the game) would be to ROI my GPU's as soon as possible. Ideally I should cancel my order for the 5 RX580's that I pre-ordered and should arrive in the next 2-3 weeks, and wait 'til august to see what happens to bitcoin and to the whole crypto market. However this also means another 3-4 weeks of waiting if I decide to re-place those orders again in august. On the other hand I see people here not recommending to buy AMD GPU's at all, since ETH mining will not be profitable very soon...
(By the way, returning those orders is NOT an options since they were ordered internationally and would imply a lot of costs)

So right now my mind is racing and I'm full of doubts if I should invest in another rig with RX580 or maybe in something else. I do have a limited buget for another rig, around $2000

Whatever you do, I promise you if you there will be no shortage of cards going forward and very good prices on them. So, I'd cancel, and when you have no doubts you want them, reorder again. Chance are you'll be able to pick them at half price with the selling flood too. Now, if you want to keep them, make sure you commit to no regrets and buyer remorse. Win or Lose, be confident.

i dont know about all that but I guarntee if you cash on the sidelines you will do far better buy buying into the bear market like the others have said , the only reason to build a rig is if you are building one to
learn the proccess for the next pump and to experiment or IF you pay RETIAL for your cards $350-400 is NOT retail for a 580 , and $500-600 is not retial for a 1070!!!

[QuintLeo]

Basically every coin has roughly the exact same profitability due to sites like What-to-mine.

 Some truth to that for the better-known and higher-cap coins, but a LOT of coins don't show up on "comparison" sites and often are a LOT more profitable to mine than the common basket of coins like ETH/ZEC/XMR and such.

 DGB was a prime example for about 2 weeks, quite a bit higher profit on NVidia cards than ZEC or any other "basket" coin if you mined it via the Skein or Groetsl options (also on Scrypt vs. Litecoin for those of us with the appropriate ASIC units), 'till folks started talking about "mining Skein" and too many jumped in driving the VERY SMALL network hashrate up a lot and dropping the profitability.
 I suspect some folks also noticed the big price jump and started looking at it for that reason too (that's what caught MY attention).

 GAME was another such coin, but it only lasted 2-3 days as "high profit" before it got swarmed.

 Tradeoff on a typical "high profitability" coin is that it has a VERY SMALL network hashrate, so it only stays profitable as long as "the masses" don't discover it and overload the hashrate - so usually they're only "high profitability" for a couple days to a week at a time.



 GTX 1080 ti to the best of my knowlage has NEVER been under $699 on Newegg - and that's where they're at NOW for the bottom price "on sale" cards, I don't think the "market shortage" ever had a noticeable effect on them.
 GTX 1080 did get a little bit of a shortage, but never completely ran out and the pricing didn't get jacked up a ton.

 GTX 1070, GTX 1060, and RX 470/480/570/580 are the cards that have been getting hammered, and are STILL high on price and short on stock - though they are starting to drop SOME on pricing and availability seems to be seeing a SMALL improvement over the last few days.

[KaydenC]

OK guys, I've been following this thread and I realized I could really use some ADVICE!

I'm pretty new to the mining scene, meaning that I just got into it. I started ordering my first GPU's about 3 weeks ago when ETH was around $350 but since then things have really changed...

Right now I'm mining with 5 nvidia GPUs  2x 1070, 2x1060 6gb and 1x 1060 3gb. I didn't overpay for these cards, actually I got a pretty good deal on them. Currently I'm mining ETH with ~130MH/s but after reading this topic it's clear to me that maybe I should switch, although it's not clear to me to what and why.... I check whattomine.com regularly but ETH is almost among the most profitable coins to mine, and even if it's not, the others are maybe about 5% more profitable.

Anyway, the thing is that I still have some GPU's that I pre-ordered (at a normal price of $320-$350) and I'm still waiting for them ( 5x RX580 8Gb) but after reading this thread I'm starting to have my doubts and thinking about cancelling these orders...
The most important thing to me right now (since I just got into the game) would be to ROI my GPU's as soon as possible. Ideally I should cancel my order for the 5 RX580's that I pre-ordered and should arrive in the next 2-3 weeks, and wait 'til august to see what happens to bitcoin and to the whole crypto market. However this also means another 3-4 weeks of waiting if I decide to re-place those orders again in august. On the other hand I see people here not recommending to buy AMD GPU's at all, since ETH mining will not be profitable very soon...
(By the way, returning those orders is NOT an options since they were ordered internationally and would imply a lot of costs)

So right now my mind is racing and I'm full of doubts if I should invest in another rig with RX580 or maybe in something else. I do have a limited buget for another rig, around $2000

An Rx580 that makes $3 a day, but costs $400 is a worse investment than a Gtx 1070 that makes $3 a day and cost $400.

You need to brush up on basic investment principles like value at risk, not just profit per day to GPU price ratio. Additionally, imo coin apperciation should be treated seperately when calculating rig ROI.


If I mine 0.1 eth a day, my mining rig made $20 (say eth = $200) that day. If I choose not to sell and the eth becomes $400, it's my investment portfolio that apperciated. NOT what my rig makes. If eth becomes $100, it's my investment portfolio that takes a hit, NOT my rig earnings that was cut in half.

 GTX 1080 ti to the best of my knowlage has NEVER been under $699 on Newegg - and that's where they're at NOW for the bottom price "on sale" cards, I don't think the "market shortage" ever had a noticeable effect on them.
 GTX 1080 did get a little bit of a shortage, but never completely ran out and the pricing didn't get jacked up a ton.

 GTX 1070, GTX 1060, and RX 470/480/570/580 are the cards that have been getting hammered, and are STILL high on price and short on stock - though they are starting to drop SOME on pricing and availability seems to be seeing a SMALL improvement over the last few days.

1080ti was $659 on Amazon for a while. Gigabyte FE for $659 a few days. Then MSI FE for $669 for a few days. Following by Palit FE for $659. The Evga SC2 1080ti is $729 now. I have 2 of them, they hash at 970mh/s skein vs 930-950 for the FE cards. The FE cards are throttling slightly I think, 76 degrees hence are slower.

[vx0713]

An Rx580 that makes $3 a day, but costs $400 is a worse investment than a Gtx 1070 that makes $3 a day and cost $400.

You need to brush up on basic investment principles like value at risk, not just profit per day to GPU price ratio. Additionally, imo coin apperciation should be treated separately when calculating rig ROI.

OK, so what I didn't mention is that I live in EUROPE and GPU prices here are always higher then in the US. Not only that, but since it's kinda impossible to find GPU's in my country, I have to order them internationally that also implies shipping costs (about $15/GPU). So when I say that I'm buying RX580 for $320-350 that also includes shipping costs. GTX 1070 in EU right now is around $500 at best...and even with these prices you will have to stand in line, pre-order and wait 2-4 weeks.

Anyways, back in mid june, I did my homework and my calculations before I ordered my cards, but of course ETH was $320+ then, so my plan/calculation was:
1) ROI is around 3-4 months
2) even i if I manage to mine some ETH for one and a half month (at $300+/ETH), I already got 50% on my ROI (if all else fails after 1,5 months I can still surely sell my GPUs at half a price and come out with zero losses (and profit)
Unfortunately ETH prices started to drop sooner then expected, also my GPU suffered a delay in delivery and started arriving one by one in july.

I still have 5x RX580 on standby (arriving in 1-3 weeks) but if everyone says that by the end of august it will be nearly impossible to mine ETH with a profit then I don't know.... well of course there are always other cryptos to mine, but then again most other cryptos are best mined with nVidia cards...

Last but not least, AMD will announce Vega for the consumer on july 30, so that too might turn the whole thing around. If it turns out to be an excelent GPU for mining, used Polaris GPUs might flood the market (although rumors/leaks say that it will be a 300W+ TDP GPU so unless it can pull some real amazing hashing power I'm having doubts about if it will be profitable to mine with)

[Ketariz]

An Rx580 that makes $3 a day, but costs $400 is a worse investment than a Gtx 1070 that makes $3 a day and cost $400.

You need to brush up on basic investment principles like value at risk, not just profit per day to GPU price ratio. Additionally, imo coin apperciation should be treated separately when calculating rig ROI.

OK, so what I didn't mention is that I live in EUROPE and GPU prices here are always higher then in the US. Not only that, but since it's kinda impossible to find GPU's in my country, I have to order them internationally that also implies shipping costs (about $15/GPU). So when I say that I'm buying RX580 for $320-350 that also includes shipping costs. GTX 1070 in EU right now is around $500 at best...and even with these prices you will have to stand in line, pre-order and wait 2-4 weeks.

Anyways, back in mid june, I did my homework and my calculations before I ordered my cards, but of course ETH was $320+ then, so my plan/calculation was:
1) ROI is around 3-4 months
2) even i if I manage to mine some ETH for one and a half month (at $300+/ETH), I already got 50% on my ROI (if all else fails after 1,5 months I can still surely sell my GPUs at half a price and come out with zero losses (and profit)
Unfortunately ETH prices started to drop sooner then expected, also my GPU suffered a delay in delivery and started arriving one by one in july.

I still have 5x RX580 on standby (arriving in 1-3 weeks) but if everyone says that by the end of august it will be nearly impossible to mine ETH with a profit then I don't know.... well of course there are always other cryptos to mine, but then again most other cryptos are best mined with nVidia cards...

Last but not least, AMD will announce Vega for the consumer on july 30, so that too might turn the whole thing around. If it turns out to be an excelent GPU for mining, used Polaris GPUs might flood the market (although rumors/leaks say that it will be a 300W+ TDP GPU so unless it can pull some real amazing hashing power I'm having doubts about if it will be profitable to mine with)

After the mining becomes less profitable, I think the big card companies will prop up the coin prices.

[Tmdz]

I seriously doubt hw companys will prop up coin prices, that is more of a fantasy.
Mining booms create gpu shortages and it hurts companys, the ones they have partners with.

companys that benefit from mining boom

Gpu manufacturers
PSU manufacturers
server case manufacturers

Companys that get hurt in the mining boom

Memory
HDD
SSD
mobo
CPU
Monitor
video cables
gaming controllers
gaming computer case
computer case fans
RGB lighting kits

The reason those companys get hurt is because in a normal market people would build a gaming computer then use those components in their gaming rig.  A gpu shortage means their sells takes a dip being that miners will use cheap cpu, cheap ram and a single small ssd at best.  Even the basic pc parts take a dip because it takes multiple gpus to sell a single mobo/cpu/ram/etc and current trend is for people to build super high density rigs 8gpu, 11 gpu etc so the situation is even worse for them.

[vx0713]

The reason those companys get hurt is because in a normal market people would build a gaming computer then use those components in their gaming rig.  A gpu shortage means their sells takes a dip being that miners will use cheap cpu, cheap ram and a single small ssd at best.  Even the basic pc parts take a dip because it takes multiple gpus to sell a single mobo/cpu/ram/etc and current trend is for people to build super high density rigs 8gpu, 11 gpu etc so the situation is even worse for them.

I'm sorry but I don't follow. What are you implying? That whoever has 10 mining rigs and wants to game, won't build a gaming PC anymore? Or that whoever was saving money for a gaming PC, suddenly will build a mining rig instead? Mining and gaming are two different things in my opinion. It's not that the companies you mentioned (MB, HDD, gaming case, etc manufacturers) are hurting, they are just not getting a piece of the pie... actually if you come to think of it maybe they WILL get a piece of the pie, when all those used GPUs will flood the market at a very accessible price and people will start buying them up to build gaming PCs...

[philipma1957]

I seriously doubt hw companys will prop up coin prices, that is more of a fantasy.
Mining booms create gpu shortages and it hurts companys, the ones they have partners with.

companys that benefit from mining boom

Gpu manufacturers
PSU manufacturers
server case manufacturers

Companys that get hurt in the mining boom

Memory
HDD
SSD
mobo
CPU
Monitor
video cables
gaming controllers
gaming computer case
computer case fans
RGB lighting kits

The reason those companys get hurt is because in a normal market people would build a gaming computer then use those components in their gaming rig.  A gpu shortage means their sells takes a dip being that miners will use cheap cpu, cheap ram and a single small ssd at best.  Even the basic pc parts take a dip because it takes multiple gpus to sell a single mobo/cpu/ram/etc and current trend is for people to build super high density rigs 8gpu, 11 gpu etc so the situation is even worse for them.

Nope  you fail to realize  many gamers  build a better gamer  using all the parts from above  and then mine while they sleep so that get a bargain.

You also fail to realize the gamers now can simply buy the best the 1080 ti at retail here and there then simply mine while not gaming.

So you are somewhat wrong with your idea.
case in point

sold out:

http://www.bestbuy.com/site/cyberpowerpc-desktop-intel-core-i7-7700k-32gb-memory-nvidia-geforce-gtx-1080-ti-240gb-solid-state-drive-3tb-hard-drive-white/5794007.p?

http://www.bestbuy.com/site/cyberpowerpc-desktop-intel-core-i7-7700k-32gb-memory-nvidia-geforce-gtx-1080-ti-240gb-solid-state-drive-3tb-hard-drive-white/5794007.p?

http://www.bestbuy.com/site/hp-omen-by-hp-desktop-intel-core-i7-16gb-memory-nvidia-geforce-gtx-1080-ti-512gb-solid-state-drive-2tb-hard-drive-hp-finish-in-black/5876606.p?


http://www.bestbuy.com/site/ibuypower-desktop-intel-core-i7-32gb-memory-nvidia-geforce-gtx-1080-ti-1tb-solid-state-drive-3tb-hard-drive-black/5926725.p?


http://www.bestbuy.com/site/ibuypower-desktop-intel-core-i9-7900x-32gb-memory-nvidia-geforce-gtx-1080-ti-480gb-solid-state-drive-3tb-hard-drive-black-red/5935500.p?

[pdpanzer]

Op please change title as the 1080ti's are selling at or above  699


lowest buy it now on eBay  for used card

http://www.ebay.com/itm/ZOTAC-Nvidia-GTX-1080-Ti-11GB-FOUNDERS-EDITION-FE-Mining-Rig-ETH-Bitcoin-BTC-/322595960439?


lowest buy it now for new on eBay

hhtp://www.ebay.com/itm/PNY-GeForce-GTX-1080-Ti-DirectX-12-VCGGTX1080T11PB-CG2-11GB-352-Bit-GDDR5X-PCI-E-/302296147320?


as much as you may want  a fully burst bubble it is not.

It will not be fully burst until the 1080 ti's drop to 600

1080 ti is also part of the AI bubble, along with 1080 and 1070. So not such good indicator

[ACCadcoin]

I seriously doubt hw companys will prop up coin prices, that is more of a fantasy.
Mining booms create gpu shortages and it hurts companys, the ones they have partners with.

companys that benefit from mining boom

Gpu manufacturers
PSU manufacturers
server case manufacturers

Companys that get hurt in the mining boom

Memory
HDD
SSD
mobo
CPU
Monitor
video cables
gaming controllers
gaming computer case
computer case fans
RGB lighting kits

The reason those companys get hurt is because in a normal market people would build a gaming computer then use those components in their gaming rig.  A gpu shortage means their sells takes a dip being that miners will use cheap cpu, cheap ram and a single small ssd at best.  Even the basic pc parts take a dip because it takes multiple gpus to sell a single mobo/cpu/ram/etc and current trend is for people to build super high density rigs 8gpu, 11 gpu etc so the situation is even worse for them.

Nope  you fail to realize  many gamers  build a better gamer  using all the parts from above  and then mine while they sleep so that get a bargain.

You also fail to realize the gamers now can simply buy the best the 1080 ti at retail here and there then simply mine while not gaming.

So you are somewhat wrong with your idea.
case in point

sold out:

http://www.bestbuy.com/site/cyberpowerpc-desktop-intel-core-i7-7700k-32gb-memory-nvidia-geforce-gtx-1080-ti-240gb-solid-state-drive-3tb-hard-drive-white/5794007.p?

http://www.bestbuy.com/site/cyberpowerpc-desktop-intel-core-i7-7700k-32gb-memory-nvidia-geforce-gtx-1080-ti-240gb-solid-state-drive-3tb-hard-drive-white/5794007.p?

http://www.bestbuy.com/site/hp-omen-by-hp-desktop-intel-core-i7-16gb-memory-nvidia-geforce-gtx-1080-ti-512gb-solid-state-drive-2tb-hard-drive-hp-finish-in-black/5876606.p?


http://www.bestbuy.com/site/ibuypower-desktop-intel-core-i7-32gb-memory-nvidia-geforce-gtx-1080-ti-1tb-solid-state-drive-3tb-hard-drive-black/5926725.p?


http://www.bestbuy.com/site/ibuypower-desktop-intel-core-i9-7900x-32gb-memory-nvidia-geforce-gtx-1080-ti-480gb-solid-state-drive-3tb-hard-drive-black-red/5935500.p?

I think this is a very valid point AND might be the essence of keeping a blockchain healthy in the future. Wouldn't it be great if all idle devices join a network, maximizing the utility of the device as well as sharing computing power to do useful calculations. Perhaps dedicated mining was never the answer, just a short term way to gain early adopters. Or perhaps I'm in a philosophical mood too much

[philipma1957]

I seriously doubt hw companys will prop up coin prices, that is more of a fantasy.
Mining booms create gpu shortages and it hurts companys, the ones they have partners with.

companys that benefit from mining boom

Gpu manufacturers
PSU manufacturers
server case manufacturers

Companys that get hurt in the mining boom

Memory
HDD
SSD
mobo
CPU
Monitor
video cables
gaming controllers
gaming computer case
computer case fans
RGB lighting kits

The reason those companys get hurt is because in a normal market people would build a gaming computer then use those components in their gaming rig.  A gpu shortage means their sells takes a dip being that miners will use cheap cpu, cheap ram and a single small ssd at best.  Even the basic pc parts take a dip because it takes multiple gpus to sell a single mobo/cpu/ram/etc and current trend is for people to build super high density rigs 8gpu, 11 gpu etc so the situation is even worse for them.

Nope  you fail to realize  many gamers  build a better gamer  using all the parts from above  and then mine while they sleep so that get a bargain.

You also fail to realize the gamers now can simply buy the best the 1080 ti at retail here and there then simply mine while not gaming.

So you are somewhat wrong with your idea.
case in point

sold out:

http://www.bestbuy.com/site/cyberpowerpc-desktop-intel-core-i7-7700k-32gb-memory-nvidia-geforce-gtx-1080-ti-240gb-solid-state-drive-3tb-hard-drive-white/5794007.p?

http://www.bestbuy.com/site/cyberpowerpc-desktop-intel-core-i7-7700k-32gb-memory-nvidia-geforce-gtx-1080-ti-240gb-solid-state-drive-3tb-hard-drive-white/5794007.p?

http://www.bestbuy.com/site/hp-omen-by-hp-desktop-intel-core-i7-16gb-memory-nvidia-geforce-gtx-1080-ti-512gb-solid-state-drive-2tb-hard-drive-hp-finish-in-black/5876606.p?


http://www.bestbuy.com/site/ibuypower-desktop-intel-core-i7-32gb-memory-nvidia-geforce-gtx-1080-ti-1tb-solid-state-drive-3tb-hard-drive-black/5926725.p?


http://www.bestbuy.com/site/ibuypower-desktop-intel-core-i9-7900x-32gb-memory-nvidia-geforce-gtx-1080-ti-480gb-solid-state-drive-3tb-hard-drive-black-red/5935500.p?

I think this is a very valid point AND might be the essence of keeping a blockchain healthy in the future. Wouldn't it be great if all idle devices join a network, maximizing the utility of the device as well as sharing computing power to do useful calculations. Perhaps dedicated mining was never the answer, just a short term way to gain early adopters. Or perhaps I'm in a philosophical mood too much

With gpu mining many gaming friends of mine do exactly this.  Buy a better rig  and mine 10-14 hours a day.  That mining time lowers their rig price and they get to have a top of the line rig  and get a good discount via mining it part time.

I build them 2 card 1080 ti's with an i5 7600k or an i7 7700k a 500 or 1000 gb ssd and a 4tb spiner.    I sell them the rig at my cost but I premine with  it for a month.
That is my profit.  They get a rig on the cheap and still do some mining with it to lower the cost more.

[martyroz]

I build them 2 card 1080 ti's with an i5 7600k or an i7 7700k a 500 or 1000 gb ssd and a 4tb spiner.    I sell them the rig at my cost but I premine with  it for a month.
That is my profit.  They get a rig on the cheap and still do some mining with it to lower the cost more.

Do you tell them that you put the rig through a 30 day stress test for stability

[Tmdz]

I seriously doubt hw companys will prop up coin prices, that is more of a fantasy.
Mining booms create gpu shortages and it hurts companys, the ones they have partners with.

companys that benefit from mining boom

Gpu manufacturers
PSU manufacturers
server case manufacturers

Companys that get hurt in the mining boom

Memory
HDD
SSD
mobo
CPU
Monitor
video cables
gaming controllers
gaming computer case
computer case fans
RGB lighting kits

The reason those companys get hurt is because in a normal market people would build a gaming computer then use those components in their gaming rig.  A gpu shortage means their sells takes a dip being that miners will use cheap cpu, cheap ram and a single small ssd at best.  Even the basic pc parts take a dip because it takes multiple gpus to sell a single mobo/cpu/ram/etc and current trend is for people to build super high density rigs 8gpu, 11 gpu etc so the situation is even worse for them.

Nope  you fail to realize  many gamers  build a better gamer  using all the parts from above  and then mine while they sleep so that get a bargain.

You also fail to realize the gamers now can simply buy the best the 1080 ti at retail here and there then simply mine while not gaming.

So you are somewhat wrong with your idea.
case in point

sold out:

http://www.bestbuy.com/site/cyberpowerpc-desktop-intel-core-i7-7700k-32gb-memory-nvidia-geforce-gtx-1080-ti-240gb-solid-state-drive-3tb-hard-drive-white/5794007.p?

http://www.bestbuy.com/site/cyberpowerpc-desktop-intel-core-i7-7700k-32gb-memory-nvidia-geforce-gtx-1080-ti-240gb-solid-state-drive-3tb-hard-drive-white/5794007.p?

http://www.bestbuy.com/site/hp-omen-by-hp-desktop-intel-core-i7-16gb-memory-nvidia-geforce-gtx-1080-ti-512gb-solid-state-drive-2tb-hard-drive-hp-finish-in-black/5876606.p?


http://www.bestbuy.com/site/ibuypower-desktop-intel-core-i7-32gb-memory-nvidia-geforce-gtx-1080-ti-1tb-solid-state-drive-3tb-hard-drive-black/5926725.p?


http://www.bestbuy.com/site/ibuypower-desktop-intel-core-i9-7900x-32gb-memory-nvidia-geforce-gtx-1080-ti-480gb-solid-state-drive-3tb-hard-drive-black-red/5935500.p?

I think this is a very valid point AND might be the essence of keeping a blockchain healthy in the future. Wouldn't it be great if all idle devices join a network, maximizing the utility of the device as well as sharing computing power to do useful calculations. Perhaps dedicated mining was never the answer, just a short term way to gain early adopters. Or perhaps I'm in a philosophical mood too much

With gpu mining many gaming friends of mine do exactly this.  Buy a better rig  and mine 10-14 hours a day.  That mining time lowers their rig price and they get to have a top of the line rig  and get a good discount via mining it part time.

I build them 2 card 1080 ti's with an i5 7600k or an i7 7700k a 500 or 1000 gb ssd and a 4tb spiner.    I sell them the rig at my cost but I premine with  it for a month.
That is my profit.  They get a rig on the cheap and still do some mining with it to lower the cost more.

I did forgot about the gamers building idle gpu gaming mining rigs.

But the point still remains.  If you go to the comment section of any gpu reviewer youtuber then you find hundreds of people who are absolutely pissed off and angry at miners.  Companys would have income from those people buying parts if the gpu's were available to them.  But when farms and people buy up dozens of gpu's then they still miss out, the gamers running a high end idle gamer miner don't make up for the gap fully (tho they help).  Ideally miners will help boost their sales but do not create a suction effect on the market as it does currently resulting in many many pissed off customers.

[QuintLeo]

With gpu mining many gaming friends of mine do exactly this.  Buy a better rig  and mine 10-14 hours a day.  That mining time lowers their rig price and they get to have a top of the line rig  and get a good discount via mining it part time.

I did forgot about the gamers building idle gpu gaming mining rigs.

 A lot of us miners are also gamers.

 My "primary gaming" machine right now runs a pair of RX 470 and a HD 7750 - and spends more time most days mining than gaming.
 The HD 7750 is a low profile card, and is only in there 'cause it was the only thing I had that both would fit in the 3'd slot AND allowed the middle card to cool properly.

 My previous "primary gaming" machine also did double duty - pair of GTX 960 and a GTX 950 (3'd cards a shortie for coolling). It's pretty much a dedicated miner now, though I also run some of my wallets on it and I CAN still game on it if the main machine is down for some reason.