I bet lovelace will cost $1.00 per megahurt at the mid range. No, I'm not being hyperbolic. In fact, according to Moonbogg's 5th postulate, there exists no parallel between historical pricing and the stoopid fancy money that lovelace will cost. Prepare yourselves to have your sides blast open from laughter with truly cosmic force. They've seen what idiot gamers will pay for a GPU, so you better believe they're going for the jugular this time with no apologies or facial flinches.
Guys, if people will by a $500 GPU for $1000, why in the everloving Christ would any company sell it for less than $1000?!
Next gen is just going to be another Turing from a Price/Performance standpoint.
Crypto mining will be dead by the time these GPUs are available. Ethereum's merge to PoS is scheduled for late Q4 21' to late Q1 22' and has been prioritized. Miners aren't going to buy hardware that doesn't turn a profit. Crypto is a convenient scapegoat for industry wide shortages at this point.
I wouldn't assume that Proof of Stake will change anything. Only Ethereum's price.
It effectively ends GPU based crypto mining, removing the mining based demand for GPUs.
The problem is that there's going to be a lot of cheap infrastructure available at low prices that someone will buy up to try to continue the business. It's why a grocery chain might go out of business but the grocery store will still be there regardless of what name gets slapped on top of it.
I think Etherium already forked once so there's no reason a PoW-based version won't be established alongside the PoS version being proposed. Even if that didn't happen what stops miners from creating a new currency just like Etherium itself was created as a response to GPU miners being driven off of Bitcoin?
Jokes aside, I expect 4000 pricing will be similar to current 30 series ti cards.
A 3080 at MSRP is probably the best deal on a high end GPU we'll see for years. This is nvidia, 4080 will be at least $1000 at release.
Too bad Samsung's first GAA was looking horrible and left NV with no choice. Would have been nice for both NV and AMD to have a larger wafer share.
I hope it forks, and that the forks fork, and the forks of the forks fork. The more and faster things fork the faster people will finally realize that there is no scarcity of the coins, but an infinite supply, and as supply/demand dictates, the price will plumet to nothing and we will be done with this exercise in futility.I think Etherium already forked once so there's no reason a PoW-based version won't be established alongside the PoS version being proposed. Even if that didn't happen what stops miners from creating a new currency just like Etherium itself was created as a response to GPU miners being driven off of Bitcoin?
I hope it forks, and that the forks fork, and the forks of the forks fork. The more and faster things fork the faster people will finally realize that there is no scarcity of the coins, but an infinite supply, and as supply/demand dictates, the price will plumet to nothing and we will be done with this exercise in futility.
The reality is that only one side of the fork holds any real value and one collapses as to be worthless. There's also a chance that a fork reduces the total net value of both forks which limits the tendency for it to occur.
But it fundamentally isn't any different than a stock split. Where once there was one share, now there are two. That doesn't mean the value of the company doubled though.
I really doubt that NV will have more capacity on TSMC 5N. So, as you point out, I expect them to keep putting out Ampere based GPUs till/if GPU mining slows down.I suspect that with the switch to TSMC supply will be somewhat improved. I can’t imagine NVIDIA will kill off the 3xxx line on Samsung. If they don’t rebrand, they will likely sell both concurrently.
Except this isn't a stock. It is a line in an electronic ledger that is simply agreed by over 1/2 the network of systems that have access to the ledger to belong to your cryptographic signature (please note the careful use of specific words). All it takes is for someone to have more than 1/2 the systems out there to make a change to the ledger stating that someone else "owns" it or someone to gain access to your cryptographic key.
So again, what do you own and how is it limited when anyone can create an electronic ledger, or even hundreds of thousands of ledgers? It has no value other than the value that someone thinks it has. It is a ponzy scheme where-in the last person left holding the bag loses and all the people who had it before keep the earnings that they made from the suckers behind them that bought it from them. The value only "grows" because it needs to grow in order for the last person to be able to "sell" it off to someone else and prevent the collapse from happening sooner, and thus it is in everyone's interest that has currently already bought into it to promote it like it is the second coming so that they arn't the one left holding the bag.
Currencies have value because the government that created those currencies accepts the currency for payment of obligations/services to/from the government. People in those countries can pay their taxes, purchase electricity, water, land, land rites (minerals/mining, oil prospecting, licenses to airway frequencies such as tv/radio/cellphone). These are the bedrock that creates the value for the currency. When governments start accepting a cryptocoin as currency is when you can start believing it is something other than a ponzy scheme.Every currency only has value because people think it has value due to being a useful medium of exchange. Officially recognized currencies get an added benefit of being able to pay taxes. Otherwise it's worthless if no one will accept it. Similarly any government could make a new currency. It doesn't really devalue the existing ones.
Also, if you do think something like BitCoin is just a scam, at what point did the scammers decide to get out, assuming they have? If they all did already and the people left holding the bag are all that's left doesn't it just become a functional currency at that point? Are you purporting that it's all just scammers selling to other scammers who will in turn sell to other scammers? There isn't anyone who may have had other reasons for using it? I don't really get the argument and the longer a currency sticks around the less merit I think it has. I does certainly sound appealing to anyone who doesn't like crypto though.