[2018-04-26] Mining Rewards Show You What The Bitcoin Price Will Do

leonair

sr. member

Activity: 1400

Merit: 420

In some points maybe but not fully in my own opinion.

Quote

While ASICs demand awe, GPUs are the smart way to get into mining – low risk and frankly fun.

Lucky to those people that bought their GPU early on and already got their RPO but I don't agree to the GPU is the only smart way because I think the real smart way in mining is to increase your hashes more than anything else, both have risk in investment and fun starts when you are earning. ASICs or GPU mining at the end of the day it is still mining.

Carlton Banks

legendary

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Merit: 3080

Quote from: odolvlobo on April 26, 2018, 04:36:41 PM

I disagree with the article. Not only does the value of the block reward directly depend on the price, but it also depends on the difficulty, which also depends on the price and lags it. There is no component of the block reward that leads the price.

Forbes.com, still learning about the dynamics of cryptocurrency mining tech nearly 10 years too late Undecided

odolvlobo

legendary

Activity: 4466

Merit: 3391

The article basically talks about GPU mining, and then gives two examples of the block reward being correlated with the price, and finally claims that the value of the block reward is a leading indicator.

I disagree with the article. Not only does the value of the block reward directly depend on the price, but it also depends on the difficulty, which also depends on the price and lags it. There is no component of the block reward that leads the price.

Karartma1

legendary

Activity: 2310

Merit: 1422

We all need leading indicators to try and predict the future. For me, for Bitcoin and altcoins, an important one is the swings in value of mining rewards.
I consider the 1080ti GPU from Nvidia as the benchmark altcoin mining hardware for anyone mining altcoins. While ASICs demand awe, GPUs are the smart way to get into mining – low risk and frankly fun.

Read more https://www.forbes.com/sites/investor/2018/04/25/mining-rewards-show-you-what-the-bitcoin-price-will-do

Opinions expressed by the writer is his own.

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