As crypto dives a free fall death, will it affect electricity prices?

BlaZeBlaZe Hosting ProviderOG
edited June 16 in General

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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  • vyasvyas OGContent Writer

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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.

  • "I am sure if we cut bitcoin, energy prices will drop worldwide"
    Soon in your local media.

  • edited June 16

    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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  • @bikegremlin said:
    I hope it will reduce the pressure on the electricity price hikes.

    I'm here hoping for the same. Somehow though, I don't feel like the savings will trickle down to the wider population.

    @havoc said:
    Nope.

    Might help on GPU front though.

    Didn't manufacturers like NVIDIA take steps to prevent their newer GPU's from being used for crypto mining?

  • @tjn said: 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.

  • @havoc said:

    @tjn said: 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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  • @legendary said:
    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.

    Not really. It's an extremely recent thing caused by a lack of supply.

  • @skorupion said:
    In general tbh GPU mining is dying cuz ASCII miners present unrepresented performance per watt

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  • armandorgarmandorg Services Provider

    Waiting for 'em gpu's to go down price.

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    @armandorg said:
    Waiting for 'em gpu's to go down price.

    They’re down around ~60% right now since the start of the year but still have some room to go

  • AdvinAdvin Hosting Provider
    edited June 18

    @lentro said:

    @armandorg said:
    Waiting for 'em gpu's to go down price.

    They’re down around ~60% right now since the start of the year but still have some room to go

    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 :astonished:

    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.

    The world is healing :)

  • Free fall to death?

    The end is nigh, folks. Repent. Get rid of clothes, run to the streets and dance.

    ♻ Amitz day is October 21.
    ♻ Join Nigh sect by adopting my avatar. Let us spread the joys of the end.

  • @deank said:
    Free fall to death?

    The end is nigh, folks. Repent. Get rid of clothes, run to the streets and dance.

    Men Without Pants?

    ˢᵘᵖᵉʳ

  • Yeah, it's all a part of "Me, Poo" movement.

    ♻ Amitz day is October 21.
    ♻ Join Nigh sect by adopting my avatar. Let us spread the joys of the end.

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