Just as another FYI, over the last three months it's been more profitable holding bitcoin then investing in mining gear (assuming GPUs). This month it was six times more profitable holding earnings and not buying new gear. Not talking altcoins which are more like gambling, talking bitcoin. Also talking pure revenue, not including stuff like power.
Ummmmm.......NO.
If you have a small amount of BTC then it wasn't possible if you have a certain amount of gpu's on a certain coin then you would have killed the BTC increase.
Now if you had a very large amount of BTC then that was possible.
I guess it's just how you look at it but the cards will usually win in the long run.
Ummm yes, it's a percent. You earn the same amount regardless of the investment. A 1080ti was just a convenient number point to use, $800. Which holds true if you have 1x 1080ti or 100x 1080tis. The increase would be the same. The difference in investment would be the same, it scales.
My 2c: when you mine, you convert your electricity $$ to coins and then to BTC. Ratio is 4-5. Them _hold_ it
See the point?
No. Opportunity Cost, google it.
Just as another FYI, over the last three months it's been more profitable holding bitcoin then investing in mining gear (assuming GPUs). This month it was six times more profitable holding earnings and not buying new gear. Not talking altcoins which are more like gambling, talking bitcoin. Also talking pure revenue, not including stuff like power.
But who knows? Most likely BTC will go to correction, and mining will race forward.
Yeah, the bubble will burst? I've heard that since BTC reached $1000 for the first time. You know you can sell BTC as well. Trading isn't all in, all out affair.
Just as another FYI, over the last three months it's been more profitable holding bitcoin then investing in mining gear (assuming GPUs). This month it was six times more profitable holding earnings and not buying new gear. Not talking altcoins which are more like gambling, talking bitcoin. Also talking pure revenue, not including stuff like power.
mining gear make you more bitcoin, holding bitcoin won't make your number of coins grow, just saying...
Yeah, I don't think you understand how this works. Holding any currency that increases in value 100% increases the amount of coins you have. Matter of a fact the 'growth' of your coins over the last month was +45% for BTC (when I checked last week and has increased even more today). You can very easily assume the minimum value of $750 for a 1080ti. That means the ROI on that card last month would've been $337. Or $11.2 per day every day, all day, for the entire month in per revenue. We haven't been earning that much since beginning of summer.
Just thought I'd give you guys a heads up as it doesn't seem like some of you really understand how cryptos work. I haven't bought cards since the middle of summer. Only sharing this with you as it doesn't hurt me at all and looking at Newegg there is still a buy limit of 1 1080ti per person which means you guys are still buying hard on cards.
Edit: Actually including today it's at 78% meaning that's more along the lines of $20 per day in pure revenue.
just holding don't increase the amount of the coins you have, it just increase their value
lol, yup... And what do you convert BTC to? It's a percent, it scales. Your FIAT 'coins' increase, which is what you're after. 'Coins' could really be any currency, that's completely frivolous, it's all about what it eventually turns into, FIAT.
I HAVE NOT MINED SCRIPT SINCE 2014---
The name of the algo is scrypt and not script. I guess thats why your handle is "scrypter"
Not a bought account. Not a bought account. Not a bought account.
GTX 1070 cards cost pretty much the same as vega 56, so even with expensive electricity vega cards are still way more profitable on cryptonight. Who mines cryptonight on nvidia cards anyway? Only some super old weak cards like gtx 750 ti might be ok for that.
