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Topic: Don't make a big mistake miners - page 2. (Read 386 times)

member
Activity: 220
Merit: 12
May 09, 2022, 05:16:50 AM
#9
It looks like some stupid people are buying LHR graphic cards already or too many people already own many LHR cards, why I said this is because profitability after LHR unlock have gone so down, Now 100MH farm is giving 95$ per month compare to 150$ per month weeks ago.

And is going to get worse, I mean much worse, expect $0.40 cents of a dollar for 60 mhs per day in the bear market on eth, at the moment is $1.50, in november 2018, profitability crashed to $0.10 for 30mhs per day.
It will surely gets to this stage like you said Metroid, it seems the bear market you have been talking about and warming people about have finally arrived, I bought some graphic cards before the LHR unlocked took place, if this had happened a month ago I will get my money back and avoid buying gpu at that time but now there is nothing I can do, I am ready to hold on and keep mining till 2024.
member
Activity: 759
Merit: 15
May 09, 2022, 05:14:43 AM
#8
We must never stop mining even during the bear market just move to the most profitable altcoins at the moment, the lhr gpu cost less than the fhr then now from what i recently read both nicehash and nbminer have managed to get 100% unlock
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
May 09, 2022, 05:12:30 AM
#7
It looks like some stupid people are buying LHR graphic cards already or too many people already own many LHR cards, why I said this is because profitability after LHR unlock have gone so down, Now 100MH farm is giving 95$ per month compare to 150$ per month weeks ago.

And is going to get worse, I mean much worse, expect $0.40 cents of a dollar for 60 mhs per day in the bear market on eth, at the moment is $1.50, in november 2018, profitability crashed to $0.10 for 30mhs per day.

I won't stop mining any time soon, look at the value of BTC today, if the decrease continues it will be more cheaper to buy BTC so instead of buying ( unless if you have the money ) its better to mine ETH for BTC using Nicehash and start holding for long term.

To mine 1 btc you need right now around 10k usd, so idiots are overpaying to buy 1 btc right now, they are overpaying 300%, bear market btc value is very close to mined value, so expect btc to possible crash to 10k right now, I know it seems impossible right now or even delusional few months ago a possibility btc can crash to 10k but that is how things are. The longer manipulators hold this 30k btc the greater the chances remain for btc to stay at 30k, every year btc is more valuable but right now is at 10k true value, maybe next year btc true value can reach around 15k - 20k. Anyway, my point is right now is much better to mine btc than to buy btc, if btc crashes to 13k or lower then is much better to buy btc than to mine.
member
Activity: 201
Merit: 31
KUWA.ai
May 09, 2022, 05:08:30 AM
#6
I won't stop mining any time soon, look at the value of BTC today, if the decrease continues it will be more cheaper to buy BTC so instead of buying ( unless if you have the money ) its better to mine ETH for BTC using Nicehash and start holding for long term.
member
Activity: 271
Merit: 14
May 09, 2022, 03:23:59 AM
#5
It looks like some stupid people are buying LHR graphic cards already or too many people already own many LHR cards, why I said this is because profitability after LHR unlock have gone so down, Now 100MH farm is giving 95$ per month compare to 150$ per month weeks ago.
full member
Activity: 182
Merit: 152
May 08, 2022, 01:28:28 PM
#4
i disagree if you can and you are in a process of buying FHR and now LHR is cheaper with the same hashrate. price will soon be the same so MOVE FAST!
Totally agree. It will be a matter of time until the prices of LHR cards rise, while FHR cards decline. But I would wait for another 1-2 weeks so the recent downturn in BTC/ETH price is reflected in video card prices.

I don't plan to buy any other cards right now, I'll continue to mine with the cards I already have and it's already paid, but it will be interesting enough to follow the changes
That is what I will be doing as well. Now that BTC is cheap, I'll dollar cost average all mining revenue into buying BTC. At the end of the year, I'll decide whether or not to build more rigs. If PoS gets delayed or the PoS merge already happened, I will build a lot more rigs.
legendary
Activity: 2366
Merit: 1408
May 08, 2022, 01:27:21 PM
#3
I don't plan to buy any other cards right now, I'll continue to mine with the cards I already have and it's already paid, but it will be interesting enough to follow the changes

We are now in a bear market, electricity costs in most places are rising, cards will change their values (non LHR and LHR) and we are all in doubt about ETH mining ending or the difficulty bombs
Wow, I think this time we have more variables than 2017 to 2018

I saw the prices of the cards right now in my country, but I don't think this unlock will lead to another run for cards, profits are not enough to cause that again

Obs - can you just think about a rise of ETH to 4k USD again? hahahaha
legendary
Activity: 3444
Merit: 1061
May 08, 2022, 01:04:30 PM
#2
i agree and disagree

i agree if you can't mine in a bear market.

i disagree if you can and you are in a process of buying FHR and now LHR is cheaper with the same hashrate. price will soon be the same so MOVE FAST!
member
Activity: 227
Merit: 12
May 08, 2022, 12:29:15 PM
#1
Buying LHR cards right now is like putting yourself in a very risky position, don't go out to but LHR cards just because LHR is now fully FHR, mining profit have been affected so badly since LHRs became FHR...
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