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Crypto Currency Mining - The Future Or Just A Fad?

2017-07-15
hey what's goin everybody welcome back once again to the channel now you guys know that right now it's a total crypto-currency phase that's going on people are totally getting into this video card you're going up in price some places are price gouging it's really really care easy and I know that this kind of sucks for gamers out there or trying to look for a gaming card you go online you see it's your favorite video card that's normally three or four hundred ollars now six or seven hundred dollars that's just absolutely crazy crazy stuff now a long time ago they had Bitcoin mining it used a sick and it wasn't really popular for a while I even had a system but then they change the way that you got paid when they changed what you got paid for me it kind of completely screwed things around and I was like with my machine I can't even really make any money I'd pretty much have to get like you know warehouse full of stuff and now we see cryptocurrency coming back but this time using video cards in the stuff that's inside of them to get your money and do your mining I mean this craze has gotten so popular that you now hear Nvidia is saying that hey we're going to come out and we're going to have our own cards for doing mining which is just crazy because in the past nvidia has never really publicly said oh hey you know we support mining we're going to be doing this but now they are which shows a trend going on and AMD right now seems to have the lock on the market because like i said all those cards are just selling for outrageous outrageous prices now the question I have for you guys is do you guys actually think that cryptocurrency will become an actual cash standard or digital cash standard which what I mean by this is will you be able to go to places like eBay Amazon your local store walk in with a card and be able to use your cryptocurrency just like you use cash now obviously the petro dollar standard probably won't ever fade completely out and another thing I want to talk about also is that currently right now seven of the major countries around the world have all claimed financial problems which means that the dollar value around the world no matter what kind of currencies in that country it's all faded and is gone downhill was this is happening people are getting all crazy they're saying oh my god crypto mining it's the latest thing you know in the future theory of mining let's let's let's do this but my question is do you guys actually think that this will ever actually become a real standard for money will just continue to be a fringe thing for a long time down the road and do you guys think that video card prices will finally start to go back down again like they were now NVIDIA is going to release their batch of cards how they're going to be exactly what they're going to do I'm kind of curious I'm sure you guys are as well because it will be very very interesting stuff and if all of this crypto myung does become more popular do you plan on getting into it I mean I myself time looking getting a machine even though I don't have the absolute highest hopes of you know getting to be a rich off this or anything else and AMD stock was rising pretty rapidly but for the last few days we've seen that stock actually fall down a little bit which is kind of weird because I mean everybody I've seen the columns is like by AMD stock it's the thing you're going to be rich you're going to be rich my friends let's all by AMD stock now is this only due to the cryptocurrency phase or is this due to other factors as well because at the end of the day I mean I've never seen AMD cards get you know priced at a way higher price in any time except for what it has to do with like mining stuff then you see all of these stuffs go up up up up up and like the comments I'm sure I'm going to see a bunch of comments of people are going hey man the miners and I understand why you guys are doing this because you can't get your hands on a video card for an even decent price and people who do price gouging I really don't think that's very cool I do believe though that Best Buy has some 580 s in stock right now that you can get for about 350 bucks so that's not really too bad but I see a lot of other places on the net just totally price gouging and trying to get your money so don't pay any of this high money for a video card right now why all the crypto Minds going on because you're just going to be paying from the teeth and like I said before in other videos you can buy you stuff from people but I'm even seeing on eBay that they use you know the use telling people are selling you stuff are just gouging people and trying to get their money so cryptocurrency seems like it's a big thing but will it actually come in to play and be a standard just like in the old days it was gold now the petrodollar I'm sure in the future it will change is something else but do you guys think the crypto mining will become the de-facto type of money that you use in the future I'm kind of skeptical because like I said in the past that coin came around Bitcoin was real popular everybody was into it this guy even bought an expensive ass car using Bitcoin but then it just kind of faded away and you didn't really see that many people going Bitcoin crazy and now was this new stuff with cryptocurrency two remaining and all these different types I believe there's like five or six different types of mind--it's you can do currently right now but all of those things all kind of equate to the same thing it's type of digital currency which is a fringe type currency right now it's not accepted anywhere like I said you can't go to a Best Buy you can't go in those places and use it but if you could that would be really interesting so at the end of the day my questions are for you are you guys totally into cryptocurrency for your own personal stuff do you think it's a waste of time and at the end of the day or like the any of the end of time maybe I'm not exactly at a time but do you guys think that this currency will ever actually be an accepted thing all around the world or is this just a phase I'm our thanks for watching take it tomorrow we got more tech coming this weekend so we'll see you guys here on the channel peace
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