[PCGAMER] Sapphire says GPU mining is making a comeback, outs a 16GB Radeon RX 570 - Page 3 - Overclock.net - An Overclocking Community

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[PCGAMER] Sapphire says GPU mining is making a comeback, outs a 16GB Radeon RX 570

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post #21 of 36 (permalink) Old 01-19-2019, 01:14 PM
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Quote: Originally Posted by Malinkadink View Post
<----- holding 3 million doge @ .0020 lmao
Don't feel bad. I sold over 700 bitcoin @ around $200 each. At market peak we figured they would have been worth 14 million USD.


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post #22 of 36 (permalink) Old 01-19-2019, 02:34 PM
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Quote: Originally Posted by icehotshot View Post
Can't mine ASIC resistant crypto's with an ASIC now can you...........

Two things wish these ASIC makers keep up with all the various coins available to miners and two Nvidia/AMD keep their word and provide miners with cards that have specific mining drivers with no gaming drivers or video/audio in/out for cheaper. This way CEOs don't get pulled into insider trading scandals, stock dips, accused of lying to stockholders and sued and flood the market with access video cards where they're forced to increase prices on the new launch to sell old stock when inevitably the next mining crash occurs.

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post #23 of 36 (permalink) Old 01-19-2019, 05:56 PM
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Quote: Originally Posted by speed_demon View Post
Don't feel bad. I sold over 700 bitcoin @ around $200 each. At market peak we figured they would have been worth 14 million USD.
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post #24 of 36 (permalink) Old 01-19-2019, 06:05 PM
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https://www.techpowerup.com/251575/s...memory-but-why

Quote:
Sapphire in its response said that they wanted to bolster the card's crypto-currency mining power, and giving the "Polaris 20" GPU additional memory would improve its performance compared to ASIC miners using the Cuckoo Cycle algorithm. This can load up the video memory anywhere between 5.5 GB to 11 GB, and giving the RX 570 16 GB of it was Sapphire's logical next step. Of course Cuckoo Cycle is being defeated time and again by currency curators. This card will be a stopgap for miners until ASIC mining machines with expanded memory come out, or the proof-of-work systems are significantly changed.
Bottom line, if I had the cash I would build a mining rig because electricity where I live is CHEAP.

I calculated the odds of this succeeding versus the odds I was doing something incredibly stupid... and I went ahead anyway.

If it's not coming out for the PC, it's dead to me.
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post #25 of 36 (permalink) Old 01-19-2019, 09:06 PM
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Confirmed, Sapphire has a moron for VP.

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post #26 of 36 (permalink) Old 01-22-2019, 08:21 AM
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Without mining companies like Sapphire that only sell AMD cards might have gone bust altogether by now XD So of course they will promote when ever possible their main source if income. Their cards went from nice technology to "value" with being regular same as everyone else's cards. Best thing is when you pay with crypto for anything, it's converted to USD/EUR etc. and the seller never gets your crypto because they sure as hell don't want it and their prices are set in USD/EUR, it ends up in a crypto currency exchange instead. That's if you even find a seller that accepts crypto payments at all.
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post #27 of 36 (permalink) Old 01-22-2019, 03:59 PM
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Quote: Originally Posted by Sir Beregond View Post
I heard Crypto was dead many times over the past decade...
Nobody says crypto is dead, they say GPU mining is dead. Compared to the boom of last year, it's pretty damn dead.
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post #28 of 36 (permalink) Old 01-22-2019, 07:02 PM
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Quote: Originally Posted by AlphaC View Post
Anything more than 6GB on that card is overkill. It competes with GTX 1060 3GB basically.

It's for much larger dataset blockchain work... and TBH it makes a great low end production card with that huge memory bank.

Remember that there ARE commercial process tasks that will utilize that 16gb easily for which the tradeoff of buying 3 cards vs 1 expensive card is real.

I'm tempted to get it just to see how it runs XD
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post #29 of 36 (permalink) Old 01-23-2019, 01:43 AM
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Quote: Originally Posted by Hwgeek View Post
I think that many coins will change the Algo and then we will see the GPU mining coming back to live, but this time the 8GB+ GPUS will be the choice.
I, too, think so. The previous scams are dead, now. There is a need to build a "better" one. And that will probably be restricted to latest gen GPUs.

It's a dangerous course for GPU manufacturors, because, if mining GPU requirements goes way past gaming requirements, their cutting edge stuff is gonna be 100% miners, with the huge fluctuation in demand we've seen so far ...
Maybe gamers will end up happy if 2 gens behind is enough for them, at the end. I hope so. But we're not yet there ...

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post #30 of 36 (permalink) Old 01-23-2019, 08:46 AM
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Quote: Originally Posted by Hwgeek View Post
I think that many coins will change the Algo and then we will see the GPU mining coming back to live, but this time the 8GB+ GPUS will be the choice.
Why? Why would the developers behind any coin want to change their block chain algorithms to accommodate GPU miners?

This is a peculiar kind of delusion. GPU mining is something that is a byproduct of cryptocurrency, not the point. Coins only exist if people buy them as a commodity. The value of a currency only goes up if people use them as a currency. Given that, what person would buy more of a coin just because the block chain crunching algorithm is resistant to ASIC miners? Why would anybody, except the GPU miners, at all care about how the coin mines?

The only way GPU mining ever gets big again is if a brand new currency starts gaining a lot of traction. Whatever that is unique about it, you can bet it will have nothing to do mining whatsoever. And just like all the current crop of coins, any new coin will eventually scale difficulty until it ceases to be profitable. The more profitable the coin, the faster this will happen.

I am of the mind that the crypto currency market is saturated with coins already. Whatever the case, just like with all internet fads and services, there reaches a point where any new product has a tougher time separating itself on features, and users become more and more entrenched in exists services. The same will happen with coins if it hasn't already. Crypto currency mining cannot take any pattern other that boom-bust, and in my opinion, the booms are only more likely to become fewer and farther between.
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