Cryptocurrency Markets Tumble Following India Finance Minister Speech

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Kevin Carbotte
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Kevin Carbotte is a contributing writer for Tom's Hardware who primarily covers VR and AR hardware. He has been writing for us for more than four years.

42 Comments Comment from the forums
  • Dark Lord of Tech
    Let it fall even lower , so the Card Prices drop for Gamers.
    Reply
  • bit_user
    It's instructive to look at the fallout of the bitcoin crash in 2013. If you bought at the peak, you'd have had to hold for about 3 years, in order to break even. That's a long time to be out of the market.

    And it's not even a given that it'll ever return to its recent heights... or, it could go yet higher.
    Reply
  • Jeff Fx
    20662531 said:
    Let it fall even lower , so the Card Prices drop for Gamers.

    GPUs aren't used to mine Bitcoin, but they are used to mine other Cryptocurrencies. If Etherium drops to the point where the electricity used to mine costs more than the coin is worth, that could mean a lot of used cards on the market. The fans may need replacing, but they're otherwise be solid cards.
    Reply
  • positiveinflux
    Gamer here but its not just video cards that have gone up either. Replacing hardware isn't fun and building a new system is out of the question right now. We all wish it would end price wise, just my 2 cents and not in cryptocurrency.
    Reply
  • Jeff Fx
    20662655 said:
    It's instructive to look at the fallout of the bitcoin crash in 2013. If you bought at the peak, you'd have had to hold for about 3 years, in order to break even. That's a long time to be out of the market.

    And it's not even a given that it'll ever return to its recent heights... or, it could go yet higher.

    I don't think it'll go higher. If the price was rational, it wouldn't have crashed. You can't bypass governments using technology forever. Eventually they crack down.
    Reply
  • canadianvice
    20662664 said:
    20662531 said:
    Let it fall even lower , so the Card Prices drop for Gamers.

    GPUs aren't used to mine Bitcoin, but they are used to mine other Cryptocurrencies. If Etherium drops to the point where the electricity used to mine costs more than the coin is worth, that could mean a lot of used cards on the market. The fans may need replacing, but they're otherwise be solid cards.

    People keep commenting this, but it's always based on something they forget:

    When bitcoin falls, so do these other currencies. Seriously, look at the charts, and it's lock step. So, if BTC falls, we still get what we want.

    Edit: It's literally in the charts.... the fall may not be proportional, but larger BTC news has bearing on those markets for other eCoins, and thus far they have gone down almost in tandem with BTC. They may be different commodities, but they share an investor base and news in one does generally have bearing on the others.
    Reply
  • juju_357
    20662664 said:
    20662531 said:
    Let it fall even lower , so the Card Prices drop for Gamers.

    GPUs aren't used to mine Bitcoin, but they are used to mine other Cryptocurrencies. If Etherium drops to the point where the electricity used to mine costs more than the coin is worth, that could mean a lot of used cards on the market. The fans may need replacing, but they're otherwise be solid cards.

    You don't think miners clock those cards as hard as they can?
    Reply
  • TJ Hooker
    @junu_357 eth mining doesn't really benefit from high core frequencies. So for eth mining you typically underclock/under volt to minimize power costs.
    Reply
  • bit_user
    20662667 said:
    20662655 said:
    It's instructive to look at the fallout of the bitcoin crash in 2013. If you bought at the peak, you'd have had to hold for about 3 years, in order to break even. That's a long time to be out of the market.

    And it's not even a given that it'll ever return to its recent heights... or, it could go yet higher.

    I don't think it'll go higher. If the price was rational, it wouldn't have crashed. You can't bypass governments using technology forever. Eventually they crack down.
    Um... lots of prices crash, only for many to recover, later on. As I pointed out, bitcoin has already been through numerous boom & bust cycles - most notably in 2013.

    I don't mean to defend bitcoin, but I think you're off-base by bringing rationality into the picture. It's purely speculative - we all know that - but that hasn't killed it, yet. Why would it suddenly happen, now?

    I think it'll take a bigger existential crises to really bring it low. Until then, it might recover or it might not, but I don't think we're seeing its last days.
    Reply
  • bit_user
    20663162 said:
    @junu_357 eth mining doesn't really benefit from high core frequencies. So for eth mining you typically underclock/under volt to minimize power costs.
    What about memory clocks, though?

    Anyway, it reminds me of this slide (page 55), from AMD's Polaris Architecture presentation (http://gaming.radeon.com/wp-content/uploads/sites/7/2016/08/Polaris-Tech-Day-Architecture-Final-6.24.2016.pdf):
    Adaptive aging compensation■ GPUs require 2 - 3% clockspeed margin to accommodate transistor aging
    ■ Other aspects of the system also exhibit aging (e.g. lower voltage from system)
    ■ We want our parts to self-calibrate and adapt to changes over time – good or bad
    ■ More robust operation over time
    ■ Out-of-box performance is improved
    Reply