Bitcoin mining | why now?

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robin.saarikko

Commendable
Nov 4, 2017
13
0
1,510
I heard about bitcoin's back in January 2017; why has it been January 2018 onward when the GPU prices have started to explode (god dammit... do people really buy stocks/rows of 1080ti's; considering the prices inflated by a couple hundred in a matter of few weeks - that's my assumption... like wt*... I was planning to buy one - now that's a big hell no).

So yeah thats basically just my question and point of this thread... Is it just because of ads and publicity that made people into these... cryptocurrency supporting/backing apes that think gamers are taking away their precious mining profit and that don't know when to stop talking.
 
Solution
smashjohn
In a nutshell, during that 1 year, bitcoins went from a $400 value to a $20,000+ value (50x). The curve thrust the value over the $8K mark around Oct/Nov 2017. So between Nov and Jan, pretty much every GPU anywhere got purchased by a miner. If you google search the history of bitcoin's value, the market curve tells the whole story.
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ohiou_grad_2006

Splendid
Dec 3, 2011
3,551
10
24,115
I'm not a fan of Bitcoin either. Will be glad when the Bitcoin craze is done and prices go back to normal. I did just sell my RX 480gb for 365 on eBay, but to buy an every level GTX 1050 ti cost 209. That card last year would have been 140-150 I think. Oh well. I need a new lawn mower and to get my car checked so I guess the money I made helps out.
 
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smashjohn

smashjohn

Reputable
Aug 14, 2017
574
12
5,365
In a nutshell, during that 1 year, bitcoins went from a $400 value to a $20,000+ value (50x). The curve thrust the value over the $8K mark around Oct/Nov 2017. So between Nov and Jan, pretty much every GPU anywhere got purchased by a miner. If you google search the history of bitcoin's value, the market curve tells the whole story.
 
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