As crypto dives a free fall death, will it affect electricity prices?
Now since the prices of most of the crypto has gone down, the main coins and the shit coins, do you think it will affect mining operations? there by affecting the electricity demands and thus the cost/price of electricity?
offtopic:
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Why crypto fall down should decrease power price? Energy moguls will be doing everything they can to keep prices as high as possible. New excuses will arrive. What's good from crypto fail is that there will be a lot of GPU's in the market and price for the new ones will decrease by a lot.
Nope.
Might help on GPU front though.
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On topic
I hope it will reduce the pressure on the electricity price hikes.
That's as much as I expect to happen (and can allow myself to hope for).
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I'm here hoping for the same. Somehow though, I don't feel like the savings will trickle down to the wider population.
Didn't manufacturers like NVIDIA take steps to prevent their newer GPU's from being used for crypto mining?
Yeah sorta. Got bypassed pretty fast.
In general tbh GPU mining is dying cuz ASCII miners present unrepresented performance per watt
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Not really. It's an extremely recent thing caused by a lack of supply.
>ASCII miners
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Waiting for 'em gpu's to go down price.
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They’re down around ~60% right now since the start of the year but still have some room to go
TensorDock: Hourly Cloud GPUs from $0.32/hour
RTX 3090's, 3080TI's, and 3090TI's are actually falling below MSRP here in the US
On eBay, there are miners and scalpers selling 3090's for just $1k USD, last year they were selling for $2.8K-$3.5K USD
RTX 3080's now are decently priced, same with the other lower end cards. FE's can be found in stock for 10-20 minutes at a time, with AIB's slowly also reducing to MSRP.
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Free fall to death?
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