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

BlaZe · June 2022

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:
@Nekki are you alive?

vyas · June 2022

And cheaper drives too!

legendary · June 2022

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.

havoc · June 2022

Nope.

Might help on GPU front though.

Neoon · June 2022

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

bikegremlin · June 2022

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).

Slightly less on topic
I love this website:
Web3 is going just great

And, a less sarcastic one, on the web3 and crypto in general, by the same author:
https://blog.mollywhite.net/

tjn · June 2022

@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?

havoc · June 2022

@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.

skorupion · June 2022

@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

mwt · June 2022

@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.

jmgcaguicla · June 2022

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

>ASCII miners

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armandorg · June 2022

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

lentro · June 2022

@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

Advin · June 2022

@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

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