Oh no, miners might jump on the PS5 train now making consoles even less findable if that mining solution is widespread.
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[Gadget Tendency] PlayStation 5 has been adapted for mining [Up: Fake]
- Thread starter Arubedo
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Oh no, miners might jump on the PS5 train now making consoles even less findable if that mining solution is widespread.
All aboard the shortage express till late 2022 or early 2023.
This is just getting even worse that I could ever imagine.
This is just getting even worse that I could ever imagine.
I don't think it will get that bad, but Sony has to address the shortages.
It's not suitable for mining, but can do the same rate as a RTX 3080? Incoming $1000 prices.
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Well that's not good. Governments need to put bans/limitations on mining, it's such a waste of energy.
Strongly disagree after what mining has done to the GPU space.
The PS5 is 1/2 the price or even less than buying a RTX 3080 which is what that hashing rate is equivalent to.
Its clear what miners will buy now if they see them, half the price or lower, lower power consumption, more profits.
Won't this be pretty bad for Sony? I recall a lot of people saying consoles are sold at a loss with the expectation that games and PS+ make up the difference, this'll be a lot of consoles sold with 0 intention of buying software.
Its not really for Sony to "address", because the only thing they can say is that chip manufacturers are stuffed. That would be shitting on partners.
The thing with Playstation vs a PC though is the Playstation architecture is closed off and not meant for something like this, so I am sure a patch will come down the line to stop this sort of thing from happening.
Yeah I was thinking that this sounds pretty bad for Sony if it ever takes off and becomes an actual issue.
This is still a very hacky solution though. The article doesn't even explain how it was done.
Also, if you're a miner, why try finding a PS5, and paying crazy scalper prices--still, when you can get other options that are easier to find?
I looked it up and it actually seems a bit better. Maybe it's the 16GB of memory? I have no idea, I never mined crypto so I don't know how this works.
But this basically makes PS5 scalper prices a bargain for miners. Also the power usage and resale value seem to be much better than the typical desktop GPU.
We live in crazy times people.
So aside from the viability of it, what would it mean for a console if it was a good mining opportunity?
Like, do you guys think Sony would manufacture more in order to meet the demand for gaming and for mining? On top of being wasteful that seems like it would be a dangerous thing to chase because it would eventually be replaced by something else, killing that mining demand and tanking the aftermarket price of the console.
I have to imagine they would just have to continue as normal and the console would be even harder to find and even more expensive used until something else comes along to mine with or the crypto bubble crashes.
Like, do you guys think Sony would manufacture more in order to meet the demand for gaming and for mining? On top of being wasteful that seems like it would be a dangerous thing to chase because it would eventually be replaced by something else, killing that mining demand and tanking the aftermarket price of the console.
I have to imagine they would just have to continue as normal and the console would be even harder to find and even more expensive used until something else comes along to mine with or the crypto bubble crashes.
This is what people need to understand. PS5s aren't going to be readily available until 2022 at the earliest.
It was already a massive mistake to price the PS5 as low as they did. It might even look worse now.
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