Gadgetory

do you do you do you do you want a brand-spanking-new gravis card well if you do there is some really good news and that's providing the prices don't skyrocket for cryptocurrencies again but in the next two weeks you could see gravis card prices returned completely to normal because the demand for brand-new gravis cards is going to pretty much drop and that is because there is a breaking point and I believe we are at that breaking point right now where cryptocurrency is practically no longer profitable at least in Australia and UK where the price of power is currently high but also if it drops down a little bit more safer places like the US or even in places like to buy you could see a massive flooding of used graphics cards on the market so let's talk about this little phenomena of difficulty versus price on the cryptocurrency market welcome back to tech yesterday you have probably seen that thumbnail already breaking point that's where we're at at the moment because prices of crypto currencies have gone down they have gone down a lot since January now January was a very special month for crypto currencies and you may be asking why because prices were stupid Zen cash though my favorite crypto currency that was going up to $60 I knew then I had to sell some of this thing I did things guys money doesn't grow on trees and if it does just take as much as you can and run off that's what I did but anyway what we got here difficulty since January however difficulty is a very important thing we're gonna talk about that today with Zen cash because difficulty is basically when you get a graphics card and you put it to mine on a crypto currency what happens with that is that you're using that compute power to go towards computing the algorithm and now that algorithm will spit out coins as a reward however that algorithms are set tone it sets a certain amount of coins in a fashion that goes in a linear of fashion well it's actually like a curve but basically it'll spit out a set number of coins at a set interval of time and so the more graphs cards you have trying to mine that algorithm the less coins per gram Scott's gonna spit out especially as the difficulty goes up profitability at the same price point of a cryptocurrency goes down if that makes any sense but what we've seen since January is the price of crypto currencies go down in in case of Zen caching now this is important because I do have experience with Zen cache in the past and I know the difficulty versus the power consumption and those ratios to where the profitability will lie and currently in countries like Australia Japan in the UK where power is expensive I believe we are currently at breaking point basically breaking even so if you're using your grabs cards to mine cryptocurrencies in these countries especially Zen cash then you will be actually possibly even losing money after you put into account exchange fees and conversions and also wasting your time too in the US and this is the big one because this is where a lot of that out of stock and ridiculous pricing is coming from you could see breaking point at around 13 USD this is - so you might even want to favorite this in your browser if you're into buying a new graphics card or a used grabs card because this is a breaking point and if this happens you could see a flood of use grabs cards on the market we're talking used gtx 1060 s so modern cards though to answer the question of can i buy a new graphics card at a normal price the answer is yes actually very soon I saw a 1070 TI up on Amazon that's going for around 580 so it's not too overpriced and that's pretty much similar to a 1080 in performance but in the next two weeks as long as these prices remain the same or even if they go down a little bit then your grabs cards are gonna return to normal very soon so do not feel you gravis cards I believe will be coming back into stock at normal prices now in regards to the F market and the theorem I don't really have much experience with the theorem I don't really know what the prices to profitability to power consumption ratios are but since I've been mining xancash in the past I do know those ratios so we've talked about difficulty we've talked about prices but we're going to talk about the question of would you buy a used mind graphics card that is a big question that I know is going to come up in the comments section and the answer is it depends and I'd say the majority vote would go to yes I would buy a used Gramps card on my knee bench now let me explain why because a lot of people who buy mining graphics cards will be setting the fan speeds to a hundred percent but they'll also be dropping the TDP power limits to around eighty percent sometimes even less and now with that your grass card essential of these graphs cards that are mining could be your graphics card because you could be buying it for a really good price these graphics cards essentially have been run underpowered so they're not get generating as much heat so heat kills components we know this but also overclocking as well over vaulting if these things are being under vaulted underpowered and they're running at fifty five to six degrees all day every day they're running under that safety spec they're running really well so they'll be absolutely fine not only that the graphs car manufacturers generally give you a generous warranty warranty on parts is a great indicator of how long that components going to run as I spoke to Johnny guru in the past those components are raided at that full runtime 24/7 for that year span that's when they do that out of the factory so the capacitors and things like that so most grams cards especially 10 70s 10 80s they have good components on board they're gonna last and they're gonna last a lot longer especially if they've been treated right and most miners despite what people say they have been treating their cards right but I do know where that comes from though in the past for Bitcoin especially in 2013 a lot of people were using AMD graphics cards to mine these cryptocurrencies and they didn't really know what they were doing they just put them on the mining bench and went yee-ha and so those cards were getting very hot and when they sold them on the market they were dying within months I guess that's where that culture comes from don't buy a used graphics card that's been used for mining I'd say in 2017 2018 it's a much different story but anyway guys last thing I'm going to talk about with the whole mining thing and the prices is the market itself I've read and researched articles that are stating that cryptocurrency is literally like stock market on steroids it's 15 times sped up that is insane so basically one month on a cryptocurrency exchange or the cryptocurrency market is like 15 months on the stock market that is so crazy so basically that means there's a lot of volatility there's a lot of ups and downs and another thing I've researched as well this is a very important one hedge funds have gone from trading FX currencies for instance and I believe they're moving into crypto currencies big-time and now hedge funds have a lot of money and with a lot of money you can control markets especially unregulated once so do keep that into account and I have warned people when they do get into crypto currencies just know what you're getting into because at any given time that crypto currency especially when it's sped up 15 times fast than a stock market that cryptocurrency could become irrelevant tomorrow but unfortunately the money that you exchanged to buy that crypto that's relevant so just be careful with crypto currencies I've said this in the past know what you're getting into and it's a big danger but anyway in terms of the new grabs cards they will be coming back in stock that's just my opinion and don't have to worry if you're on the fence just wait a little bit longer next two weeks I believe graphs card prices will be returning to normal unless of course the prices just skyrocket which is the possibility but if you want to buy a used card on a mining bench I just sauce the seller up if you can talk to the seller if he's a genuine person and he doesn't seem like he's too much of a bull fed then you should be fine and every guy's hope you enjoyed today's video if you did I'll catch you in the next Tech video don't forget to hit the like the like button and you guys hope you enjoyed today's video if you did then be sure to hit that like button and let me know in a comment section below do you think new cards are gonna come down in the next couple of weeks also what's your opinions on buying a used car that's been on a mining bench Lovering your thoughts and opinions as always and let me know what you think of the new stream news deck and also I'll catch you in another tech video very soon peace out for now wait you want to buy a new graphics card well if you do there is some really good news because in the next couple of weeks there is a literally gonna be okay no echo now we are at breaking point and what this means is if you are into cryptocurrency mining no we I'm not we I'm not part of the cryptocurrency gang I don't a cop all those thumbs down dislikes I'm gonna be somewhere in the middle the messenger