1GH in bear market | Bitcointalksearch.org

Zotak337

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Quote from: adaseb on August 21, 2021, 12:18:12 AM

Quote from: FP91G on August 20, 2021, 02:00:18 PM

Quote from: XUR_TIP on August 19, 2021, 02:41:24 AM

Lol 😂 people are hoping for a bear market to get GPUs at cheaper price, imagine buying 3060ti for 500$ but they might actually be disappointed on the long run if bull stays around for months, they will end up blaming themselves and wished they buy GPUs at high price lol

I'll tell you a simple example.
Ethereum costs $ 2,000 and a graphics card costs $ 500.
The miner does not buy a video card.
Ethereum prices rise to $ 3,500, and the cost of a video card also goes up to $ 750.
Think at what point is it better for a miner to buy a video card? Grin

Its not the cost of ETH that determines what the price of a GPU is. Its the profitability. ETH can cost $2000 but difficulty can be 1/3 of what ETH at $3500 can be. Even if ETH hit $10K or so, people won't be buying the GPUs if they aren't making at least close to $5/day/GPU.

Don't know what it is but BTC almost hit $50K and it seems everybody in the mining section of bitcointalk is talking about a bear market. So I am wondering did all these miners already sell all their coins and they want a bear market or are they all going to be selling soon since there might be a bear market lurking around the corner. Makes it seems there are way too many bearish people while price is very bullish.

I'm wondering too, it looks like many already sold their GPUs, they expected bear market and it never comes, it looks like this is just a fresh beginning of bull market which might stay even longer than many thought, missing out on something that's in your reach before is a painful experience

fmz89

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Quote from: Zotak337 on August 18, 2021, 03:08:19 AM

Can 1GH gives 1000$ per month in intense bear market? Anyone with larger farm when bear market was still alive? Please give me some details how things were in those bad seasons

do you meant 1gh on ethash? in that case on bear market you profit nothing if your electric price at 0.1$, assuming the rigs quite efficient

except you got free electric like turbine/hydro/solar 10$day for 1ghs in bear market or maybe lower lol Grin

adaseb

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Quote from: FP91G on August 20, 2021, 02:00:18 PM

Quote from: XUR_TIP on August 19, 2021, 02:41:24 AM

Lol 😂 people are hoping for a bear market to get GPUs at cheaper price, imagine buying 3060ti for 500$ but they might actually be disappointed on the long run if bull stays around for months, they will end up blaming themselves and wished they buy GPUs at high price lol

I'll tell you a simple example.
Ethereum costs $ 2,000 and a graphics card costs $ 500.
The miner does not buy a video card.
Ethereum prices rise to $ 3,500, and the cost of a video card also goes up to $ 750.
Think at what point is it better for a miner to buy a video card? Grin

Its not the cost of ETH that determines what the price of a GPU is. Its the profitability. ETH can cost $2000 but difficulty can be 1/3 of what ETH at $3500 can be. Even if ETH hit $10K or so, people won't be buying the GPUs if they aren't making at least close to $5/day/GPU.

Don't know what it is but BTC almost hit $50K and it seems everybody in the mining section of bitcointalk is talking about a bear market. So I am wondering did all these miners already sell all their coins and they want a bear market or are they all going to be selling soon since there might be a bear market lurking around the corner. Makes it seems there are way too many bearish people while price is very bullish.

FP91G

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Quote from: XUR_TIP on August 19, 2021, 02:41:24 AM

Lol 😂 people are hoping for a bear market to get GPUs at cheaper price, imagine buying 3060ti for 500$ but they might actually be disappointed on the long run if bull stays around for months, they will end up blaming themselves and wished they buy GPUs at high price lol

I'll tell you a simple example.
Ethereum costs $ 2,000 and a graphics card costs $ 500.
The miner does not buy a video card.
Ethereum prices rise to $ 3,500, and the cost of a video card also goes up to $ 750.
Think at what point is it better for a miner to buy a video card? Grin

BitKongy

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Quote from: adaseb on August 19, 2021, 10:35:44 PM

Quote from: XUR_TIP on August 19, 2021, 02:41:24 AM

Quote from: adaseb on August 18, 2021, 11:13:47 PM

From what I can remember, back in the 2018-2019 bear market. My old RX 470 4GB hashed at like 30MHs and used 130 Watts and there was a long period where with 0.10 kwh power, I was mining at either a very small profit...breakeven...very small loss.

So your GPUs might be slightly more efficient and your power might be slightly cheaper... however if the bear market comes and its similar to the past, you won't be making $1000 a day. I am surprised why so many people are expecting a bear market... usually means the opposite will happen. We will get a very strong bull market in the next few months.

Lol 😂 people are hoping for a bear market to get GPUs at cheaper price, imagine buying 3060ti for 500$ but they might actually be disappointed on the long run if bull stays around for months, they will end up blaming themselves and wished they buy GPUs at high price lol

I don't think GPUs will be that cheap if there is a crypto bear market. Back in 2014 and 2018 there was a crypto bear market and there were some "deals" you can get on some "dead" fan GPUs however there weren't any red flag deals to be honest. And 2021 is completely different because there is a chip shortage. So even if there is a bear market there will be a bunch of gamers that will be bidding heavily on any decent GPUs that get dumped onto the market.

Unless the chip shortage ends and who knows when it will end due to 4th covid wave, I don't see any cheap GPUs deal with a bear market or not. GPUs have many uses unlike ASICs. People buy them for rendering, gaming, data analysis, etc. They have many uses these days. Hence always keep a decent value over time.

You are right but the difference will be clear, buying a 3070 GPU today will cost me 1400$ but in bear market 800$ to 900$ is still a big change even if we never see them at MSRP again

adaseb

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Merit: 1723

Quote from: XUR_TIP on August 19, 2021, 02:41:24 AM

Quote from: adaseb on August 18, 2021, 11:13:47 PM

From what I can remember, back in the 2018-2019 bear market. My old RX 470 4GB hashed at like 30MHs and used 130 Watts and there was a long period where with 0.10 kwh power, I was mining at either a very small profit...breakeven...very small loss.

So your GPUs might be slightly more efficient and your power might be slightly cheaper... however if the bear market comes and its similar to the past, you won't be making $1000 a day. I am surprised why so many people are expecting a bear market... usually means the opposite will happen. We will get a very strong bull market in the next few months.

Lol 😂 people are hoping for a bear market to get GPUs at cheaper price, imagine buying 3060ti for 500$ but they might actually be disappointed on the long run if bull stays around for months, they will end up blaming themselves and wished they buy GPUs at high price lol

I don't think GPUs will be that cheap if there is a crypto bear market. Back in 2014 and 2018 there was a crypto bear market and there were some "deals" you can get on some "dead" fan GPUs however there weren't any red flag deals to be honest. And 2021 is completely different because there is a chip shortage. So even if there is a bear market there will be a bunch of gamers that will be bidding heavily on any decent GPUs that get dumped onto the market.

Unless the chip shortage ends and who knows when it will end due to 4th covid wave, I don't see any cheap GPUs deal with a bear market or not. GPUs have many uses unlike ASICs. People buy them for rendering, gaming, data analysis, etc. They have many uses these days. Hence always keep a decent value over time.

Gunday_07

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Quote from: batsonxl on August 19, 2021, 03:20:37 AM

Quote from: HardCore12V on August 19, 2021, 02:36:42 AM

Quote from: batsonxl on August 18, 2021, 12:35:11 PM

I survived because i have very very cheap electricity. I remember videos when many miners turned off rigs because it was un profitable.
In this bear market 30mhs will not survive only 60mhs with 120watts has chance.
many rigs were 6gpu 180mhs it was giving 3-4$ a day

Sigh, why saying that 30Mh won't survive? If 60MH at 120watts can survive why not 30MH at 60watts? Two 30MH = 60MH @ 120watt, listen to yourself mate, free electricity is free electricity and cheap electricity is cheap electricity just stop bullying those with small GPUs lol

im not bullying small gpu im giving advice to make a plan. collect your money to pay electricity in the future if you willing to mine at loss if your electricity is high. Make lessons for yourself from the past what happened. Doing same mistake twice will be very stupid.

You are right, it's better to be prepared for both sides this is why I build solar farm instead, I don't want anything to bother me when bear market starts electricity costs is why mining stop making sense in bear market

Ceyflix-Rez

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$CYBERCASH METAVERSE

Quote from: batsonxl on August 19, 2021, 03:14:34 AM

Quote from: HardCore12V on August 19, 2021, 02:36:42 AM

Quote from: batsonxl on August 18, 2021, 12:35:11 PM

I survived because i have very very cheap electricity. I remember videos when many miners turned off rigs because it was un profitable.
In this bear market 30mhs will not survive only 60mhs with 120watts has chance.
many rigs were 6gpu 180mhs it was giving 3-4$ a day

Sigh, why saying that 30Mh won't survive? If 60MH at 120watts can survive why not 30MH at 60watts? Two 30MH = 60MH @ 120watt, listen to yourself mate, free electricity is free electricity and cheap electricity is cheap electricity just stop bullying those with small GPUs lol

Make research very carefully!
Last bullrun was eth hashrate top was 295TH then down to 150TH
This bullrun top was 650TH
Hasrate increased twice more than last one. Last bear 30mhs survived because it was twice easy to mine. thats why im sayin this time you will need at least 50-60mhs gpu at 100watts to be preapare if your electricity is high. like 10-20cent.
If you are saying 1660s is 60watts is not correct take watmeter and measure it. with best luck silicone you will read at least 80watts

It's always about the silicon indeed, I have two strange 1660s that take only 45watt when mining and from wall it's 65watt lol, it might sound very hard ri believe but it's true, my other 1660s take 55 to 65 watts but these two are out of this world

batsonxl

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I will stop posting anymore because really this place started me annoying now

batsonxl

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Quote from: HardCore12V on August 19, 2021, 02:36:42 AM

Quote from: batsonxl on August 18, 2021, 12:35:11 PM

I survived because i have very very cheap electricity. I remember videos when many miners turned off rigs because it was un profitable.
In this bear market 30mhs will not survive only 60mhs with 120watts has chance.
many rigs were 6gpu 180mhs it was giving 3-4$ a day

Sigh, why saying that 30Mh won't survive? If 60MH at 120watts can survive why not 30MH at 60watts? Two 30MH = 60MH @ 120watt, listen to yourself mate, free electricity is free electricity and cheap electricity is cheap electricity just stop bullying those with small GPUs lol

im not bullying small gpu im giving advice to make a plan. collect your money to pay electricity in the future if you willing to mine at loss if your electricity is high. Make lessons for yourself from the past what happened. Doing same mistake twice will be very stupid.

batsonxl

member

Activity: 1201

Merit: 26

Quote from: XUR_TIP on August 19, 2021, 02:41:24 AM

Quote from: adaseb on August 18, 2021, 11:13:47 PM

From what I can remember, back in the 2018-2019 bear market. My old RX 470 4GB hashed at like 30MHs and used 130 Watts and there was a long period where with 0.10 kwh power, I was mining at either a very small profit...breakeven...very small loss.

So your GPUs might be slightly more efficient and your power might be slightly cheaper... however if the bear market comes and its similar to the past, you won't be making $1000 a day. I am surprised why so many people are expecting a bear market... usually means the opposite will happen. We will get a very strong bull market in the next few months.

Lol 😂 people are hoping for a bear market to get GPUs at cheaper price, imagine buying 3060ti for 500$ but they might actually be disappointed on the long run if bull stays around for months, they will end up blaming themselves and wished they buy GPUs at high price lol

From my view im in bear now.I will be bull again if i see btc breaks 65k

batsonxl

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Activity: 1201

Merit: 26

Quote from: HardCore12V on August 19, 2021, 02:36:42 AM

Quote from: batsonxl on August 18, 2021, 12:35:11 PM

I survived because i have very very cheap electricity. I remember videos when many miners turned off rigs because it was un profitable.
In this bear market 30mhs will not survive only 60mhs with 120watts has chance.
many rigs were 6gpu 180mhs it was giving 3-4$ a day

Sigh, why saying that 30Mh won't survive? If 60MH at 120watts can survive why not 30MH at 60watts? Two 30MH = 60MH @ 120watt, listen to yourself mate, free electricity is free electricity and cheap electricity is cheap electricity just stop bullying those with small GPUs lol

Make research very carefully!
Last bullrun was eth hashrate top was 295TH then down to 150TH
This bullrun top was 650TH
Hasrate increased twice more than last one. Last bear 30mhs survived because it was twice easy to mine. thats why im sayin this time you will need at least 50-60mhs gpu at 100watts to be preapare if your electricity is high. like 10-20cent.
If you are saying 1660s is 60watts is not correct take watmeter and measure it. with best luck silicone you will read at least 80watts

batsonxl

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Activity: 1201

Merit: 26

Quote from: adaseb on August 18, 2021, 11:13:47 PM

From what I can remember, back in the 2018-2019 bear market. My old RX 470 4GB hashed at like 30MHs and used 130 Watts and there was a long period where with 0.10 kwh power, I was mining at either a very small profit...breakeven...very small loss.

So your GPUs might be slightly more efficient and your power might be slightly cheaper... however if the bear market comes and its similar to the past, you won't be making $1000 a day. I am surprised why so many people are expecting a bear market... usually means the opposite will happen. We will get a very strong bull market in the next few months.

Yes i wish also opposite happens and we will keep mining with good profits. but im worried about some facts that happening in the market. For good bull run btc must load with power its dominance. btc dominance right now is very low at 44%. second i worry is dollar index started breaking out up.

XUR_TIP

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Quote from: adaseb on August 18, 2021, 11:13:47 PM

From what I can remember, back in the 2018-2019 bear market. My old RX 470 4GB hashed at like 30MHs and used 130 Watts and there was a long period where with 0.10 kwh power, I was mining at either a very small profit...breakeven...very small loss.

So your GPUs might be slightly more efficient and your power might be slightly cheaper... however if the bear market comes and its similar to the past, you won't be making $1000 a day. I am surprised why so many people are expecting a bear market... usually means the opposite will happen. We will get a very strong bull market in the next few months.

Lol 😂 people are hoping for a bear market to get GPUs at cheaper price, imagine buying 3060ti for 500$ but they might actually be disappointed on the long run if bull stays around for months, they will end up blaming themselves and wished they buy GPUs at high price lol

HardCore12V

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Quote from: batsonxl on August 18, 2021, 12:35:11 PM

I survived because i have very very cheap electricity. I remember videos when many miners turned off rigs because it was un profitable.
In this bear market 30mhs will not survive only 60mhs with 120watts has chance.
many rigs were 6gpu 180mhs it was giving 3-4$ a day

Sigh, why saying that 30Mh won't survive? If 60MH at 120watts can survive why not 30MH at 60watts? Two 30MH = 60MH @ 120watt, listen to yourself mate, free electricity is free electricity and cheap electricity is cheap electricity just stop bullying those with small GPUs lol

adaseb

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Activity: 3808

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From what I can remember, back in the 2018-2019 bear market. My old RX 470 4GB hashed at like 30MHs and used 130 Watts and there was a long period where with 0.10 kwh power, I was mining at either a very small profit...breakeven...very small loss.

So your GPUs might be slightly more efficient and your power might be slightly cheaper... however if the bear market comes and its similar to the past, you won't be making $1000 a day. I am surprised why so many people are expecting a bear market... usually means the opposite will happen. We will get a very strong bull market in the next few months.

FP91G

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Quote from: Zotak337 on August 18, 2021, 03:08:19 AM

Can 1GH gives 1000$ per month in intense bear market? Anyone with larger farm when bear market was still alive? Please give me some details how things were in those bad seasons

If you mine Ethereum, then 1 Gigahesh now gives 2200 dollars of profit per month, and the ranch was even more.
It depends on when you sell your mined coins.
In bad times, 1 video card gave 10-20 cents of profit per day. Then you don't need to sell cryptocurrency. That's the whole secret of success.

swogerino

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Bitcoin Casino Est. 2013

Quote from: Zotak337 on August 18, 2021, 03:08:19 AM

Can 1GH gives 1000$ per month in intense bear market? Anyone with larger farm when bear market was still alive? Please give me some details how things were in those bad seasons

I don't know but right now 300 Mhsh gives you more than 600 dollars a month by mining Ethereum and almost 500 dollars mining Ethereum classic.So right now 1 Ghsh should give about 2000 dollars per month by mining Ethereum and if bear markets come I think it should be able to give 1000 dollars a month or near it at least.

batsonxl

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I survived because i have very very cheap electricity. I remember videos when many miners turned off rigs because it was un profitable.
In this bear market 30mhs will not survive only 60mhs with 120watts has chance.
many rigs were 6gpu 180mhs it was giving 3-4$ a day

Gunday_07

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I don't have such mining power but I do know that 30MH turned 0.60$ in 2018 you can use that to do calculation on the 1GH mining power, that much hashing power will cost alot Grin

but still I advice to build with cheap GPU

Zotak337

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Can 1GH gives 1000$ per month in intense bear market? Anyone with larger farm when bear market was still alive? Please give me some details how things were in those bad seasons

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