Crossing fingers we will we be able to pick up 3080ti then for $100 bucks? I still think it may take much more time for the other affected industries to make up.. Which means there still some sort of supply chain communication problems...
This is coming and you will soon have any GPU want on ebay for nothing.
Inb4 someone tells me they will just mine something else. Nothing else is remotely able to handle the hashpower without crashing the price of the coin.
https://i.imgur.com/TBouXrK.jpg
That is a list of coins to mine sorted by exchange volume.
This is the exact forum to discuss this.
I can't wait till your kind of vitriol has no legs to stand on.
A) content with the progress given the existence of the beacon chain
B) don't care if the merge is delayed again, delayed indefinitely, or Proof of Work never gets turned off for some reason
so although its tempting to get defensive I guess my real response is "okay? I don't care."
Climate change is more important than being excessively polite to you for years.
Don't hold your breath...
very much a global tech startup!
False dilemma.
They are proper nouns.
Beacon chain is simply the name of the network launched a bit over a year ago. It is likely intended to be named as an aspirational thing to move toward.
Mainnet is the network launched 7 years ago. Usually distinct from "test networks", testnet, and seen far beyond ethereum into all cryptocurrency networks, and inherited from the idea of test, development, staging and production environments seen in the best practices of all web projects in the broader tech sector.
This is an article about them merging.
What is "weird pretentious verbiage" about that? If there was anything odd it would be "the docking" and that article immediately says that was a former name, making it a moot point.
The chain names (e.g. "Beacon") are basically version codenames - think of them like the "Buster" in "Debian Buster".
"The Merge" is the (arbitrary) name they gave to a specific future event, because people like to be able to easily refer to things they're talking about. I assume the previous name was discarded due to political correctness.
Curious but it's hard to Google this. What was it?
Intel is releasing their own graphics cards, which is neat. It's a good time to enter the market, for sure.
Devil's advocate: won't a fork of Ethereum which keeps PoW be able to do exactly that? (for example, Ethereum Classic?)
You fundamentally misunderstand how mining works. Difficulty automatically increases if blocks are being mined at faster than the expected rate. Needing more GPUs to mine the same number of coins raises the price.
Ridiculous. Price is determined by how much people are willing to buy or sell it at, which they decide based on speculation. The amount of GPUs that will be put to the task of mining is dependent on price. Not the other way around.
I could create an alt coin that requires some arbitrarily large number of hashes to mine a single block and receive 1 coin as reward. Yet I cannot command a higher price for it, because no one wants to buy my coin.
First, you are ignoring that difficulty adjustments can happen downward too.
Second, you flipped the actually dynamic - the price swings dictate how much mining ends up being profitable, not the other way around.
You might have also confused the difficulty adjustments with the reward decreasing over time.
Thus, a coin that issues $50k worth of coin per day will have $50k/day worth of hash power. If difficulty goes above that, mining becomes unprofitable.
>Simple division yields an estimate of 13.982 million GPUs mining Ethereum on April 16 2021.
>40 million graphic cards produced in 2020
It's just 1/3 of one year's production that could be freed if people don't move to other coins. Is that enough to crush the market?
[1] https://linustechtips.com/topic/1327701-honest-question-how-...
FPGAs were never big for mining. There was like 3 months in early Bitcoin where they people seriously tried deploying them but the simple fact is they are way too expensive from manufacturer markup for mining. And if you want to make your own you’ll just end up making an ASIC instead.
0: https://twitter.com/greymon55/status/1418795735802425349?s=2...
https://www.playstation.com/en-us/ps5/register-to-buy/
The only issue is that there aren’t a lot of PS5-exclusive games.
We grabbed a PS5 in January from Gamestop by queueing for a couple of hours.
Yes, it's absolutely stupid to have to commit to this for a full week to just be able to buy a console.
I guess I am also part of the problem. I hate the idea of a scalper but I bought one from a high school student who is scouting them out and buying them then reselling them at a $100 markup over MSRP to make money for college. They learned to code for this. I figured it was the right kind of entrepreneurship to support even if the entire supply chain issues we face are allowing less scrupulous people to profit akin to how this student is.
You're supporting a scalper. You're teaching him that there's money to be made by positioning yourself as a middle man. There's no value creation here, just value extraction.
First, there's a sense that scalpers are illegitimate and cheating the system. If Sony were to raise the MSRP themselves, or retailers did it instead, most of the anger and complaints would disappear. Honestly, they should absolutely raise the price. Scalpers are making the market function better in this case, because the "official" outlets are not doing their jobs.
Second, most people in the West are not used to thinking about real scarcity and what it means. (If there was a terrible coffee shortage, you might be happy to find a guy who will sell you a cup for $20.)
And the value being provided is the possibility of buying the PS5. Even without scalpers, chances are that someone else would have bought it. Scalping only works when the demand is very high compared to the supply.
If its out of the budget they’ll have to do something else, that doesn’t even need to be explained
PS5's are purchased between $700 and $1,000. PS5's aren't the only device with premium. Used cars have an unprecedented premium, alongside all GPUs.
The market is saying that semiconductors, especially GPU accelerated compute time is worth this much.
You can point at miners, you can point at scalpers, you neglect that every cloud compute and cloud gaming provider is building massive data centers full of GPUs as fast as they can get their hands on them at a premium too.
It doesn't take a free market libertarian to observe that its the MSRP that's wrong.
I'm discussing ethics and you're discussing economics. The problem is this obsession with finding arbitrage to extract value from the system, which is the entire point of your comment where you're defending the market because someone can profit from it without actually providing any value. I'd like to live in a world that isn't full of selfish assholes trying to fuck everyone else over all the time. I understand market dynamics just fine - I got rich from it and I'm a shittier person for it.
> I'd like to live in a world that isn't full of selfish assholes trying to fuck everyone else over all the time. I understand market dynamics just fine - I got rich from it and I'm a shittier person for it.
It is not possible to live in a market based economy and fulfill that desire. It is very easy for me to accept that. Demand for the asset simply has to dry up. It has not. People that want a PS5 can get one, at the available price. Scalpers are providing liquidity, you provided liquidity. Individual owners would be removing liquidity, likely causing greater premium in price to let one go and further hoops to jump through.
You're using market dynamics to justify morality. My point is you extrapolate this and you end up with the US healthcare system, which is completely fucking broken providing less value at higher cost. Parasitic middle men don't deserve to be compensated and we should do everything possible to eradicate them.
It's actually quite easy to live in a market-based society and not have these problems - it's called regulation and we need a shitload more of it. It's how we established a minimum wage, and abolished child labor, and even separated commercial banking from investment banking for a period of time.
It seems to me the problem is scarcity (I think we agree on this much), and people trying to profit off that aren't anything more than parasites (we seem to disagree on this).
Let's just agree to disagree.
MSRP is wrong, the console is worth around $750, this would match the inflation adjusted price of home entrainment consoles for the last 40 years. In both of our views - maybe ironic to you - it would be more ethical to diminish the returns of scalpers by having the price correct in the primary market to begin with. The only reason it hasn’t happened is because Sony doesn’t want the vocal backlash especially when they drop the price to $200 just a few years from now.
As long as the primary market chooses to misprice, all the symptoms - like all the startup partime retailers you say aren’t providing a service - are completely benign. Extracting value isn’t unethical, to me that is blaming Sony’s “make work” program (the mispricing) as unethical, taking us back to square one: charge the correct amount.
I’m not here to agree, I’m completely fine with that disagreement and it doesn’t end the conservation at all, I’m here to elaborate.
My focus was entirely on the immorality of the scalper. In my opinion, they aren't providing value. In fact they are actually reducing value, since they have to hold at least some cards in order to sell them, actually restricting supply (and that's assuming they aren't doing it intentionally to create more artificial scarcity, which I'm sure some are). All they are doing is matching a limited supply with the highest bidder. Without scalpers just as many cards would get delivered to end users, now the only difference is those end users are richer. They are constricting a bottleneck and profiting from it at the expense of consumers and arguably even GPU manufacturers.
> Extracting value isn’t unethical
We just fundamentally disagree here. Parasitism is unethical to me. I understand it's inevitable, but that doesn't make it okay.
How is the scalper different from the retailer or the distributor (assuming there's a distributor between Sony and the retailer, although their might not be)
The scalper is providing value to the retailer by paying for and taking delivery of their inventory (although, if the scalper overbuys and then returns, that's a negative); although, if the demand is so high that the product never sits on shelves, the scalper doesn't provide much value to the retailer.
The scalper provides value to the customer by having inventory available.
I personally don't like to pay more to get something now, when I could wait and get it later for less, so I wouldn't buy from a scalper, but I can see there's value provided. The market shows there's value too.
Ethically, as long as you're honest about it, and personally, that would include not returning items you overbought, I'm not sure I see an ethical problem. If something is hard to find, and you take time and effort to find it, you can and should charge a premium to compensate you for your time. Sure, people buying to resell may move forward demand, and make the item harder to find, and that feels a bit squishy, kind of like if everyone stocks up on a commodity at once, it makes it harder to find, and makes stocking up more desirable, etc, but eventually people have enough and there will be a lull and then back to normal. Does that make stocking up unethical? I don't think so, but maybe it could be argued.
yet I sit and type text and browse the web on a flagship gaming omen RTX 3070 laptop and I cant find a game to play...
Our gaming days are dwindling in this house.
There’s more games than ever coming out but it feels like the number of really good titles is still low. Kinda like movies and TV too. I guess the market is so large now it’s a lot easier to succeed with mediocre content.
If you need a recommendation, I'd go for faster than light or slay the spire. If you have a lot of time, the X series recently released a free extension for X3:TC called farhams legacy, which you can pick up for dirt cheap. But there are many games that aged well.
For the younglings - they can give themselves fully to the experience.
There's a lot of cookie cutter uninspired money grubbing crap from big studios and small, but go find what people are playing by numbers, dig past the AAA shovelware, and there are plenty of gems.
There are tons of amazing games out there. It's just like a new book series or author though. You gotta get to the hook.
What types of games do you like I can offer many suggestions. There have been plenty of amazing games in the last 1, 3, 5 years.
Now a days it's easier to make games, you just leverage an engine not invent graphics primitives. But it's harder to get noticed and make money. And easier to make small losses and harder to have massive blow outs. Games is a lifestyle business now.
Or maybe you're overwhelmed by choice, between Steam sales, Game Pass, indie games, F2P, Epic Store freebies, and more, there's always something new you can try out whithout spending much money at all.
Although I suppose it can still be hard to find something really enjoyable to play if you were obsessed with a genre that's effectively dead these days (RTS? MMOs? Shmups?). But even then, there's usually indie devs out to fill every niche they can spot
This, basically, which to me I find completely ironic, given that GAMES is literally what got me into computers back in the 80s, ran the Intel Game Lab in the 90s, worked as IT for the company that originally manufactured, packaged and shipped many many games, such as EverQuest, my best friend is an Production Director at Blizzard (with whom I worked for at Intel's game lab) and many other career accolades in the gaming space thats too lame to go into...
Whats weird, is that I ALWAYS have a high-end gaming machine... sans much gaming time...
That's left single player games, and honestly single player games take a lot of time to get started. There have been weeks now where I start my playstation, look at who's playing. Look through my library to find a game I'm willing to sink hours into, find nothing and power off the machine.
There aren't any games for it yet practically speaking? It's not like the PS2 giving you access to a DVD player or PS3 a blu-ray until games appear. Even if it can "4k" a PS4 HD game, that's not that wide an audience.
Current forecast is August 2023 so I’m sure glad I bought my 3090 at retail price and a couple of used 2080ti right around the start of the chip shortage. They’ve been running nonstop training stylegan :)
The BOM cost of 3080Ti with Memory in itself is more than $100.