> The GTX 1070 is considered the "sweet spot" for mining. There are more powerful cards
> but they use more power. Electricity costs eat into the mining profit. So that's why
> that particular card is horribly overpriced at the moment.
>
> The problem is that the more people there are mining a given currency, the harder it
> is to make a profit because the difficulty goes up. So right now is probably the
> absolute worst time to be a miner.
>
> It would probably take at least 6 months of 24/7 mining to pay off one of these
> cards.
>
> Imagine the people who build mining rigs with SIX (or more!!!) 1070 cards. I think
> they need a 1600 watt power supply to run 6. Probably multiple power supplies chained
> together for more cards.
>
> Also, the motherboard manufacturers have started making boards specifically aimed at
> mining. For example, this Asus board that has 19 PCIe slots....
> https://www.asus.com/us/Motherboards/B250-MINING-EXPERT/
>
>
> Here's a video:
>
>
> Things have gotten a bit crazy.
Insanity indeed. I would love to see their electric bill and what percentage they're getting back in cryptomining.
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Re: Didn't realize miners were buying up GPUs
