Go Back   AnandTech Forums > Hardware and Technology > Video Cards and Graphics

Forums
· Hardware and Technology
· CPUs and Overclocking
· Motherboards
· Video Cards and Graphics
· Memory and Storage
· Power Supplies
· Cases & Cooling
· SFF, Notebooks, Pre-Built/Barebones PCs
· Networking
· Peripherals
· General Hardware
· Highly Technical
· Computer Help
· Home Theater PCs
· Consumer Electronics
· Digital and Video Cameras
· Mobile Devices & Gadgets
· Audio/Video & Home Theater
· Software
· Software for Windows
· All Things Apple
· *nix Software
· Operating Systems
· Programming
· PC Gaming
· Console Gaming
· Distributed Computing
· Security
· Social
· Off Topic
· Politics and News
· Discussion Club
· Love and Relationships
· The Garage
· Health and Fitness
· Merchandise and Shopping
· For Sale/Trade
· Hot Deals with Free Stuff/Contests
· Black Friday 2013
· Forum Issues
· Technical Forum Issues
· Personal Forum Issues
· Suggestion Box
· Moderator Resources
· Moderator Discussions
   

Reply
 
Thread Tools
Old 01-06-2012, 05:36 PM   #1
Madpacket
Senior Member
 
Join Date: Nov 2005
Posts: 279
Default Good luck getting a 7970 on Monday - Bitcoin miners likely to clear them out :(

Looks like the 7970 pulls around 650Mh/s with a standard 1150 overclock and it'll likely pull more once proper miners are developed for it.

I'm guessing these excellent results combined with the recent large increase in value of the BTC will create the perfect storm where miners will clear out most of the initial shipments of 7970's - I hope I'm wrong.

Source:

https://bitcointalk.org/index.php?topic=56630.20

What you do you think?
Madpacket is offline   Reply With Quote
Old 01-06-2012, 05:44 PM   #2
3DVagabond
Diamond Member
 
Join Date: Aug 2009
Location: Christchurch, NZ
Posts: 8,200
Default

I think 7970's are too expensive to be the darling of the BM community like the 5800's were.
3DVagabond is online now   Reply With Quote
Old 01-06-2012, 05:46 PM   #3
Phynaz
Diamond Member
 
Phynaz's Avatar
 
Join Date: Mar 2006
Posts: 6,407
Default

People still mine bitcoins?

At 650Mh/s how long would it take one of these to break even?
Phynaz is offline   Reply With Quote
Old 01-06-2012, 05:55 PM   #4
Concillian
Diamond Member
 
Join Date: May 2004
Location: Dublin, CA
Posts: 3,653
Default

There's no way it will do well enough in mining per watt for bitcoin peeps to snatch up all these.

Look at that thread you linked, there's all kinds of skepticism in there. They won't snatch them up on release day based on speculation and no power draw numbers.
Concillian is offline   Reply With Quote
Old 01-06-2012, 05:58 PM   #5
Madpacket
Senior Member
 
Join Date: Nov 2005
Posts: 279
Default

Yeah tons of people still mining if you look at the current swarm speed (Network total 9.346 Thash/s). That's a lot of miners.

As for how long it'll take to pay off, no one knows really as it depends on many factors but the biggest one being how much do you pay for electricity.
Madpacket is offline   Reply With Quote
Old 01-06-2012, 05:59 PM   #6
Madpacket
Senior Member
 
Join Date: Nov 2005
Posts: 279
Default

Concillian,

I hope you're correct! I want to snag a 7970 come Monday
Madpacket is offline   Reply With Quote
Old 01-06-2012, 06:01 PM   #7
Smartazz
Diamond Member
 
Join Date: Dec 2005
Posts: 6,128
Default

That's pretty impressive, but it's far too expensive to have as solely a mining card. However, it might be a good card to have for gaming, and some mining on the side.
__________________
i5 2500K@4.6GHz, 16GB G.SKILL 1600MHz, R9 290x, Seasonic X850, X-Fi Fatal1ty, Samsung 830 and 840 with Antec 1200.
Retina MacBook Pro 15", 2.6GHz, 16GB, 512GB SSD
Achieva Shimian, Das Keyboard, Logitech G400 and Razer Scarab.
Smartazz is offline   Reply With Quote
Old 01-06-2012, 06:07 PM   #8
Don Karnage
Banned
 
Join Date: Oct 2011
Posts: 2,865
Default

I don't see the cards selling out. Amd has a lot of stock and the prices are really high
Don Karnage is offline   Reply With Quote
Old 01-06-2012, 06:08 PM   #9
hdfxst
Senior Member
 
Join Date: May 2009
Posts: 835
Default

Quote:
Originally Posted by Phynaz View Post
People still mine bitcoins?

At 650Mh/s how long would it take one of these to break even?
bitcoin went over 7 dollars yesterday,i'm thinking of starting up over the weekend
__________________
X4 955@3.8-1.35V|MSI 870s-g54|Sapphire 5850@900/1200 and 5830@1000/1200 Xfire |8GB. Gskill Ripjaws DDR3 1333|Corsair 650TX|antec 300
hdfxst is offline   Reply With Quote
Old 01-06-2012, 06:11 PM   #10
dakU7
Senior Member
 
dakU7's Avatar
 
Join Date: Sep 2010
Location: Israel/New York
Posts: 515
Default

650MH/S for 550$, or 800MH/S for 300$ (HD5970).
I seriously doubt miners are going to buy strictly for mining.
__________________
HEAT: 25-0-0

Gaming: i5 2500K @ 4.5Ghz | XSPC RASA RS360 | P8P67 Pro | Corsair XMS3 8GB | 2XF3 1TB | AX850 | EVGA GTX680 | CM690 II Advanced
Workstation: i7 930 D0 @ 3.6 (212+) | X58A-UD3R | OCZ Platinum 6GB | Intel X25 80GB SSD | 1TB F3 | 750HX | HD5750CF | P183
HTPC: Athlon X3 445 unlocked @ 3.6Ghz| ASrock M3A770DE | G-Skill 4GB DDR3 1333 | Seagate 1TB | HD5770 | NZXT Evo
dakU7 is offline   Reply With Quote
Old 01-06-2012, 06:11 PM   #11
james1701
Golden Member
 
james1701's Avatar
 
Join Date: Sep 2007
Posts: 1,531
Default

Well, if one of them wants, I can trade them 2 5870's for 1 7970 lol.
__________________
Intel 3770K-Asus P8-Z77 Pro-8GB Corsair Vengeance 2133mhz-Corsair HX1000-XSPC Raystorm Copper Edition-Dual D5 Pumps-Corsair Force 3 SSD-Gigabyte 7970 Xfire-Corsair 900D-Windows 8.1 Pro-Dell U3011-Dell 2007FP
Quote:
Originally Posted by Idontcare View Post
Getting a cpu from Aigo after he's had his way with it is like dating an ex-girlfriend of Ron Jeremy...its been so used and abused by this point that you'd be lucky if that LGA1366 chip would actually fit into a LGA2011 board
james1701 is online now   Reply With Quote
Old 01-06-2012, 06:16 PM   #12
Vesku
Diamond Member
 
Join Date: Aug 2005
Location: Seattle, WA
Posts: 3,079
Default

Can't really see many miners buying in at launch pricing. Especially since the 7970 launch will probably see another round of used 5800/5900 series hitting the internet.
Vesku is offline   Reply With Quote
Old 01-06-2012, 06:17 PM   #13
gevorg
Diamond Member
 
gevorg's Avatar
 
Join Date: Nov 2004
Location: Bay Area
Posts: 4,703
Default

AMD and Nvidia should pray to Bitcoin. People buying multiple highend GPUs and don't care about driver issues in gaming.
gevorg is offline   Reply With Quote
Old 01-06-2012, 06:22 PM   #14
toyota
Lifer
 
toyota's Avatar
 
Join Date: Apr 2001
Location: time out
Posts: 12,188
Default

I bet every person that actually wants one will get one. a few people are just hoping they will sale out so they can bitch about it.
__________________
Win 8.1 64 bit | 4770k@4.4 | Asus Z87 Pro | MSI GTX780 Gaming | G.SKILL Ares 16GB DDR3 2133 | Seagate SSHD 2TB | Corsair 500R | Corsair TX650 V2 | Sound Blaster Zx | Gateway 23inch 1920x1080 IPS
toyota is offline   Reply With Quote
Old 01-06-2012, 06:38 PM   #15
x3sphere
Senior Member
 
Join Date: Jul 2009
Posts: 357
Default

Quote:
Originally Posted by gevorg View Post
AMD and Nvidia should pray to Bitcoin. People buying multiple highend GPUs and don't care about driver issues in gaming.
Only AMD you mean. Nvidia cards are worthless for mining, GTX580 is only on par with a low end 57xx in terms of hash rate.
x3sphere is offline   Reply With Quote
Old 01-06-2012, 07:13 PM   #16
Anubis
No Lifer
 
Anubis's Avatar
 
Join Date: Aug 2001
Location: Anger is a gift!
Posts: 73,787
Default

i thought the stupidity that was bitcoin finally died, guess i was wrong
Anubis is offline   Reply With Quote
Old 01-07-2012, 11:13 AM   #17
Rvenger
VC&G Moderator
 
Rvenger's Avatar
 
Join Date: Apr 2004
Location: Pittsburgh, PA
Posts: 4,966
Default

I guess you figure, these cards are more efficient than the 6000 and 5000 series so it goes to count that it would save some electricity over time.
__________________
i7-4770k @ 4.2ghz - Asus Z97-A - 16gb GSkill 2133mhz - Visiontek R9 290 - 256gb Adata SP900 - 1tb Seagate XT- NZXT 850w Modular PSU - CM Storm Stryker
Rvenger is offline   Reply With Quote
Old 01-07-2012, 12:13 PM   #18
Smartazz
Diamond Member
 
Join Date: Dec 2005
Posts: 6,128
Default

The savings in electricity costs would likely be much less than the added cost of getting these cards over something like the 5970.
__________________
i5 2500K@4.6GHz, 16GB G.SKILL 1600MHz, R9 290x, Seasonic X850, X-Fi Fatal1ty, Samsung 830 and 840 with Antec 1200.
Retina MacBook Pro 15", 2.6GHz, 16GB, 512GB SSD
Achieva Shimian, Das Keyboard, Logitech G400 and Razer Scarab.
Smartazz is offline   Reply With Quote
Old 01-07-2012, 12:15 PM   #19
railven
Diamond Member
 
Join Date: Mar 2010
Posts: 3,122
Default

If I owe the Bitminers anything - it's a thanks. My brief excursion into the Bitmining world yielded me $800 on ~$20-30 investment.

I'll buy an HD 7970 in their honor
railven is offline   Reply With Quote
Old 01-07-2012, 12:36 PM   #20
Don Karnage
Banned
 
Join Date: Oct 2011
Posts: 2,865
Default

Quote:
Originally Posted by railven View Post
If I owe the Bitminers anything - it's a thanks. My brief excursion into the Bitmining world yielded me $800 on ~$20-30 investment.

I'll buy an HD 7970 in their honor
Care to explain how you achieved that?
Don Karnage is offline   Reply With Quote
Old 01-07-2012, 12:59 PM   #21
railven
Diamond Member
 
Join Date: Mar 2010
Posts: 3,122
Default

Quote:
Originally Posted by Don Karnage View Post
Care to explain how you achieved that?
Sure, I had a spare P43 Neo3 F board, a Intel E2160, and 1x2GB of DDR2 800 RAM from an old build.

I also had a HD 5830. I started to bitmine, found a good guide on how to downlock my RAM and processor, then OC the HD 5830. I traded my PhysX GTX 460 for a second 5830. Through that into the miner. Ran it 24/7 for about 2.5 weeks average about 3 coins every other day. Then I sold my coins, about 25, for a nice ~$16 a piece (before the bottom fell out) and then someone offered me $400 for the Rig so I said sure. Haha.

Cost out of my pocket - electricity. My guess was $30-50, could have been less or more, but since I only did it for such a shor time, my bill was electricity bill was about ~50 higher but I also ran the A/C more during that period.

And I doubt I'm not one of the big "I made a fortune from bitminig" stories. So yeah, thanks bitminers
railven is offline   Reply With Quote
Old 01-07-2012, 01:11 PM   #22
Don Karnage
Banned
 
Join Date: Oct 2011
Posts: 2,865
Default

Quote:
Originally Posted by railven View Post
Sure, I had a spare P43 Neo3 F board, a Intel E2160, and 1x2GB of DDR2 800 RAM from an old build.

I also had a HD 5830. I started to bitmine, found a good guide on how to downlock my RAM and processor, then OC the HD 5830. I traded my PhysX GTX 460 for a second 5830. Through that into the miner. Ran it 24/7 for about 2.5 weeks average about 3 coins every other day. Then I sold my coins, about 25, for a nice ~$16 a piece (before the bottom fell out) and then someone offered me $400 for the Rig so I said sure. Haha.

Cost out of my pocket - electricity. My guess was $30-50, could have been less or more, but since I only did it for such a shor time, my bill was electricity bill was about ~50 higher but I also ran the A/C more during that period.

And I doubt I'm not one of the big "I made a fortune from bitminig" stories. So yeah, thanks bitminers
Nice
Don Karnage is offline   Reply With Quote
Old 01-07-2012, 01:18 PM   #23
ensign_lee
Senior Member
 
Join Date: Feb 2011
Posts: 399
Default

Serious bitcoin miners won't be buying 7970s on launch day. The price/performance for the hardware just isn't there. Why would you buy a 550 7970 mining at 650 mhash/sec when you could get a used 5870 mining at 400 mhash/sec for around $150-$200?

What this WILL affect however, is the resale price of 7970s down the road, which is a good thing for anyone who wants a 7970. Wheneve rpeople are dumping this card (either for Kepler or for the next generation after this), you can be sure that this card will retain its value better than its Nvidia counterpart.

Look back in the past for the pricing of 5870s. Why, only 6 or so months ago, they were selling for $300 again USED. And this was on 2 year old hardware. Considering their original MSRP was around $400 or so, that is Fing awesome! And why was this? Because bitcoin miners drove up the price of 5870s because of increased demand for it as used hardware.

So fret not anyone who wants a 7970. There won't be very many miners who will compete with you on launch day to get your cards, driving your prices up. What they will do, however, is pay you more whenever you decide to trade up from your 7970 for anything else.
ensign_lee is offline   Reply With Quote
Old 01-07-2012, 01:27 PM   #24
OVerLoRDI
Diamond Member
 
OVerLoRDI's Avatar
 
Join Date: Jan 2006
Location: San Francisco, CA
Posts: 5,199
Default

Quote:
Originally Posted by ensign_lee View Post
Serious bitcoin miners won't be buying 7970s on launch day. The price/performance for the hardware just isn't there. Why would you buy a 550 7970 mining at 650 mhash/sec when you could get a used 5870 mining at 400 mhash/sec for around $150-$200?

What this WILL affect however, is the resale price of 7970s down the road, which is a good thing for anyone who wants a 7970. Wheneve rpeople are dumping this card (either for Kepler or for the next generation after this), you can be sure that this card will retain its value better than its Nvidia counterpart.

Look back in the past for the pricing of 5870s. Why, only 6 or so months ago, they were selling for $300 again USED. And this was on 2 year old hardware. Considering their original MSRP was around $400 or so, that is Fing awesome! And why was this? Because bitcoin miners drove up the price of 5870s because of increased demand for it as used hardware.

So fret not anyone who wants a 7970. There won't be very many miners who will compete with you on launch day to get your cards, driving your prices up. What they will do, however, is pay you more whenever you decide to trade up from your 7970 for anything else.
I was a pretty serious bitcoin miner for quite sometime and the 7970 does not offer the performance/price of other cards. What I'm more curious about any VLIW 28nm cards that may sneak through into the 7000 series. Those have potential to be solid miners at a really low price. Ultimately depends on how well suited GCN is for hashing, but it seems like it is hard to beat VLIW at this task.
__________________
TROOPER: Caselabs M8, i5 3570k, 16gb DDR3, 2x7970, X-1050
TARDIS: 750D, i5 2550k, 8gb DDR3, 7970, AX850, 8TB storage
CUBE: INWIN BQS656, Celeron something?, 4gb RAM, 32gb SSD
http://heatware.com/eval.php?id=73710
OVerLoRDI is offline   Reply With Quote
Old 01-07-2012, 03:09 PM   #25
Madpacket
Senior Member
 
Join Date: Nov 2005
Posts: 279
Default

Great responses guys and thanks for sharing. After reading your responses I agree the non gaming hardcore miners will likely stay away from these cards initially until the price falls, however folks such as myself will be mining on these new 7970 when not gaming to help augment the price of the card over the next 6-12 months or so. I should rename the thread title to "casual" Bitcoin miners likely to clear them out
Madpacket is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 04:25 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.