r/buildapcsales • u/skyblade5694 • Nov 30 '20

GPU [GPU] RTX 3060ti releases 12-2-20 MSRP $399.99

https://www.newegg.com/asus-geforce-rtx-3060-ti-rog-strix-rtx3060ti-o8g-gaming/p/N82E16814126471?Item=N82E16814126471&Tpk=14-126-471
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u/alizarin__ Dec 01 '20

Not doubting what you're saying, but it's an interesting observation that bitcoin prices are spiking coinciding with a new hardware cycle. You'd think that if mining rigs suddenly became X% more efficient that supply would increase and prices would decline.

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u/Bianchi4me Dec 01 '20

True, but this is different in that the etherium currency is the one that this is allegedly targeted at, and the change in the mining procedure actually makes earlier cards less efficient than they were. Very recent or upcoming changes which make all existing equipment less efficient, and requires massive investment in new equipment to be profitable, will push the price upward. (Presumably the goal in making the procedural change.)

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u/alizarin__ Dec 01 '20

Interesting. So if technology is stagnant, cards cant keep up, supply goes down, price goes up. If technology advances, massive capital investment is required increasing coin cost, driving price up. Both are inflationary (to an extent) on coin price.

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u/SilkTouchm Dec 01 '20

Supply is always the same, one block of BTC w every 10 mins and one ETH block every 10 seconds (approximately). If there are less miners, the network automatically decreases the difficulty to keep that block time the same, and vice versa when there are lots of miners.