With current market, their is no place for this group in gaming. I doubt market will settle down in 2022 either. Especially our Indian retailers will squeeze every drop of juice before pricing coming down to pre pandemic normals
Yes rightly said
That is way too much for a GPU. I think I'll settle for 3080 fe.
We can all hold off buying gpus when prices are artificially inflated. Most probably only miners have got a time constraint on buying gpus, they HAVE to mine while mining is still profitable. Rest of us, gamers mostly( and some machine learners, can they hold off? ) we can hold off for a few months forcing retailers to bring down prices. Obviously it is more of a pipe dream as people don't organise for even more important stuff and those who can afford scalper prices aren't even going to bother.
Yup what you said is true, I'm holding off for one of the fe GPU either 3060/3070 series one. In the meanwhile sold my 1080Ti to miner at premium and bought one Zotac 3060 from mdcomputers by adding some cash
When I get enough money to burn, I will buy a 1080ti encase it in expoxy and put it over my pc for what a terrific piece of hardware it is. How are you finding 3060 compared to 1080ti?
I use it for tensorflow, so I can easily see benefit of RT cuda cores of 3060 against 1080Ti. Overall training or inference times have reduced.When I get enough money to burn, I will buy a 1080ti encase it in expoxy and put it over my pc for what a terrific piece of hardware it is. How are you finding 3060 compared to 1080ti?
Thanks for holding the fort against scalpers
Ah nice.
nice,although i am skeptical how much it can be implemented given crypto mining is a small physical space activity and given people can use vpn's detecting will be very difficult similar to porn ban. Although crypto price may fall causing people to stop miningCheck this guys, gpu prices are going to come down a lot.
India crypto bill: jail and $2.6 million fines for violators
India's proposed rules for digital assets would ban crypto for payments while the Securities and Exchange Board regulates exchanges. Will the bill become law?forkast.news
India’s crypto bill to impose jail and US$2.65M fines for violations.
According to the Reuters report, the bill will impose a “general prohibition on all activities by any individual on mining, generating, holding, selling, (or) dealing” in virtual currencies as a “medium of exchange, store of value and a unit of account” — all characteristic of any legal tender.
Moreover, violating these rules will be treated as a “cognizable” offense, meaning that violators can be arrested without a warrant and held without bail. Other offenses categorized as cognizable crimes in India include murder, kidnapping and dowry death, among others.
expect small scale miners and starters in 2021 who jumped the gun after seeing professional miners are minting money to quit the market - miners who have survived 2017 crash are here to stay. and like you pointed it out it is difficult to control the mining (especially in India), we don't have strong firewall like China. Also in terms of miners converting their profits - they have options to convert their wallet into gift cards or manage through other payment processors or simply convert the wallet to USD and buy something with it in US market, even if the bill gets rolled out.
i dont think those who started in 2021 will quit after seeing the bill as long as profit stays and crypto is on its track to the moon no one would quit. Chinese firewall if implemented in india i am sure lot of indians will easily bypass it. i only see a gpu crash around 2023 not before that,also supply chain issues mainly lot of ships waiting in ports,lack of containers currently and lot of other complicated stuff out there. So yeah 2023 minimum for a dip
Let's keep our hypothesis and watch how it unfolds when the bill passes.
I dont see that, prices will come down slowly, we know what happened with Tomatoes here. They were selling for 100 bucks per kg but the prices were not reduced quickly. They were reduced 5 rupees to 8 rupees after almost even 3rd or 4th day. How I know it is because I get all the household stuff. Because the next gen GPU will also be coming so they can not sell the current at high prices and charge higher for the next gen. Wished if this came to notice with the EU, they are one org that everyone is afraid of.
Even if that happens, that will help EU folks, Indian market will still remain the same. Apple is forced to sell type C charging solution to EU (if at all it happens) and same apple was selling dual physical SIM iphones in China but the same dual sim never made it to the rest of the world.
Your assumption is wrong, You're forgetting that Tomatoes don't print money unlike GPUs. Until and unless ETH gets to Proof of Stake or Cryptos crash we're not getting any relief whatsoever.
There is some panic due to banning of crypto in India.
I guess he is going other way, that card was being sold at many places for 30k+ from last few months. I guess he wasn't aware then as it is still being sold at same price. All cards that can mine at full hashrate are still at higher prices but are down somewhat from their earlier high.