Finally GPU mining is dead... - page 2.

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: Metroid on February 25, 2021, 06:22:07 AM

I think there will be a last bulltrap to 79k btc then crash to 10k ~ 20k again and stay there for the next 3 years.

Yes I completely agree with this. I don't think $58K was the top yet however its not too far off. Basically with all the news that Microstrategy bought coins at $53K and Square at $51K there is still lots of retail FOMO going on. I think the weak point right now is that its taking too long to open an exchange account and transfer fiat to buy crypto. Hence why we are not yet at $100K.

However with all these minimum 6 figure prediction saying it will go to $100K or $250K or $500K or even $1M, makes me realise that most likely we will never hit $100K, because that is where most people will start to sell their crypto since its a nice psychological number.

$79K is important because its about $99K in CAD and AUD. So most will start to take profit there. Your target of $10-$20K is also spot on. Since $20K was the last ATH and it might be support and the 200WMA which always worked as support will be somewhere in that range when we head back down.

nu2mlock

newbie

Activity: 31

Merit: 0

A friend and I mined with 30x 1080 Ti's and 30x RX570 last time, but sold most working off eventually, and the ones that was broken I got refund for through RMA. It was fun and all, but it took a lot of work and time for maintenance, so I wouldn't recommend anyone doing that again.

I did just buy two of his remaining 1080 Ti's for $350 each, which I think is a fair price. I also bought an RTX 3080 back in November ($950) and it has soon paid for itself. I bought the RTX 3080 for myself and gaming, so the mining on that is just an added bonus.

Also good to warm up two different rooms now that it's cold.

Wisbrown

newbie

Activity: 81

Merit: 0

Nothing kill GPU but there are some correction that was made. Research to know in details

Ursul0

sr. member

Activity: 857

Merit: 262

Quote from: Metroid on February 25, 2021, 06:22:07 AM

Quote from: Ursul0 on February 25, 2021, 05:51:37 AM

...also I wouldn't bet you will be able to "buy low" some of the coins anytime soon, but then there will always be market:))

Yeah, it takes time, now we see trolls buying the dip, soon they will not buy the dip anymore and will see their invested money crashing then they will run to sell their coins and make everything crash as well, we are at that stage where they say "buy the dip" soon will be that stage "sell at the dip" ehhe

I think there will be a last bulltrap to 79k btc then crash to 10k ~ 20k again and stay there for the next 3 years.

I would not buy gpus anymore, a rtx 3080 being sold for 1800 usd, 3070 for $1300 and 3600ti for 1200 usd is pure bs. Soon they will return to original price and nobody will want to buy them, market will be flooded with second hand gpus just like 2018 after the crash.

rtx 3090 being sold for 2500 usd, this is what it does https://whattomine.com/coins/151-eth-ethash?hr=120.0&p=300.0&fee=3.0&cost=0.1&hcost=2500.0&commit=Calculate

237 days to roi today, very sure this will not last 237 days, I doubt this can last another 100 days and even if it does by then the network difficulty will have increased so much that 237 days has become 474 days ehhe and that is only network difficulty, if eth crashes then that 474 days will become 14 years eheh

by the looks of it it will not go below 35K now and likely will hit 100K this year

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: Ursul0 on February 25, 2021, 05:51:37 AM

...also I wouldn't bet you will be able to "buy low" some of the coins anytime soon, but then there will always be market:))

Yeah, it takes time, now we see trolls buying the dip, soon they will not buy the dip anymore and will see their invested money crashing then they will run to sell their coins and make everything crash as well, we are at that stage where they say "buy the dip" soon will be that stage "sell at the dip" ehhe

I think there will be a last bulltrap to 79k btc then crash to 10k ~ 20k again and stay there for the next 3 years.

I would not buy gpus anymore, a rtx 3080 being sold for 1800 usd, 3070 for $1300 and 3600ti for 1200 usd is pure bs. Soon they will return to original price and nobody will want to buy them, market will be flooded with second hand gpus just like 2018 after the crash.

rtx 3090 being sold for 2500 usd, this is what it does https://whattomine.com/coins/151-eth-ethash?hr=120.0&p=300.0&fee=3.0&cost=0.1&hcost=2500.0&commit=Calculate

237 days to roi today, very sure this will not last 237 days, I doubt this can last another 100 days and even if it does by then the network difficulty will have increased so much that 237 days has become 474 days ehhe and that is only network difficulty, if eth crashes then that 474 days will become 14 years eheh

Ursul0

sr. member

Activity: 857

Merit: 262

Quote from: deskless on February 24, 2021, 02:58:49 PM

Quote from: Metroid on February 24, 2021, 01:31:34 PM

Quote from: badbart on February 24, 2021, 12:04:15 PM

I've been mining since 2016 and have 7-5.4 cent electricity. Even with cheap electricity a bear market is not fun and if you buy gear at inflated prices you will never ROI.

Yeah, truth and fact is, if you buy a rtx 3080 now for 1500 usd you will never roi it. Yeah I know, the mindless trolls will come here and say they will roi no matter what hehe, reason they are mindless, rtx 3080 for 1k you have a great chance to if this doesn't end next 4 months or the difficulty stays the same but we know either one of those will happen, the difficulty has been increasing dramatically or the market will simple crash to hehell ehhe and when it crashes to hehell your 4 months roi will become 10 years roi hehe

I purchased Red devil 580 GPUs at $425+taxes in 2018. They have been running non stop since. 30 months of mining should have done ROI.
The difference between now and 2018 is that we may finally have POS/1559 that would stop Eth mining.

lol. I still have a pair of 480 refs working since summer of 2016:) - paid just below 250$ for each back then, some freakishly reach gpus those are...

but adding more GPUs now is risky, POS is indeed looming and also btw I hope this fee debacle will be solved, otherwise eth is in trouble.

...also I wouldn't bet you will be able to "buy low" some of the coins anytime soon, but then there will always be market:))

deskless

jr. member

Activity: 279

Merit: 1

Quote from: Metroid on February 24, 2021, 01:31:34 PM

Quote from: badbart on February 24, 2021, 12:04:15 PM

I've been mining since 2016 and have 7-5.4 cent electricity. Even with cheap electricity a bear market is not fun and if you buy gear at inflated prices you will never ROI.

Yeah, truth and fact is, if you buy a rtx 3080 now for 1500 usd you will never roi it. Yeah I know, the mindless trolls will come here and say they will roi no matter what hehe, reason they are mindless, rtx 3080 for 1k you have a great chance to if this doesn't end next 4 months or the difficulty stays the same but we know either one of those will happen, the difficulty has been increasing dramatically or the market will simple crash to hehell ehhe and when it crashes to hehell your 4 months roi will become 10 years roi hehe

I purchased Red devil 580 GPUs at $425+taxes in 2018. They have been running non stop since. 30 months of mining should have done ROI.
The difference between now and 2018 is that we may finally have POS/1559 that would stop Eth mining.

xxcsu

hero member

Activity: 1498

Merit: 597

the best way to deal with crypto if you mining and trading at the same time ... if you can hold all your mined coin for years , doing some trading at the right time , you can get a lot of extra coins with trading , and of course at the same time with mining during years ...
For my opinion investing into GPU's not a bad investment... i paid around 200$ for my rx480's over 4 years ago , i can still sale them, right now way over that price.
Paid around 280$ for my RX580 special edition ( blue ) , years ago, still can sell them over 500$ .

You need to understand there is no ETH or BTC without miners , no trading without miners , no miners without traders

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: badbart on February 24, 2021, 12:04:15 PM

I've been mining since 2016 and have 7-5.4 cent electricity. Even with cheap electricity a bear market is not fun and if you buy gear at inflated prices you will never ROI.

Yeah, truth and fact is, if you buy a rtx 3080 now for 1500 usd you will never roi it. Yeah I know, the mindless trolls will come here and say they will roi no matter what hehe, reason they are mindless, rtx 3080 for 1k you have a great chance to if this doesn't end next 4 months or the difficulty stays the same but we know either one of those will happen, the difficulty has been increasing dramatically or the market will simple crash to hehell ehhe and when it crashes to hehell your 4 months roi will become 10 years roi hehe

badbart

member

Activity: 449

Merit: 24

I've been mining since 2016 and have 7-5.4 cent electricity. Even with cheap electricity a bear market is not fun and if you buy gear at inflated prices you will never ROI.

I try to make my moves are market extremes, sell / hedge at highs like now and buy lows when crypto is "dead".

batsonxl

member

Activity: 1201

Merit: 26

Quote from: Metroid on February 24, 2021, 04:39:57 AM

Quote from: batsonxl on February 24, 2021, 04:24:23 AM

Thanks, where i can follow you? only here ? will be nice if you have youtube channel for hobby too.

For real time chat then trollbox at poloniex, I'm most active there, I also chat on bitmex or hitbtc not very often though, forums at techpowerup and here at bitcointalk. For complete privacy and protection, better not to mess with youtube, facebook or twitter.

Sounds great, will check

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: TanakabZX on February 24, 2021, 04:57:20 AM

Good advice sir Metroid, I bought gpus when eth already reached 1k, I guess I was in a dummy mode at the time, my loss haha, I used to own 12 ETH but too blind to see that bull season will eventually return again, I would have earned a lot right now, anyways I have free electricity and if bear market returns isn't it better to just keep mining?

Free electricity means you can cope with the bear market without any problem, remember that as the price starts going down, who will turn off their computers first are the people who pay the most for their electricity or find mining not attractive anymore and then the ones that will survive the bear market are the ones with the cheapest electricity and that fits your case.

The idea now is, sell all your eth as you mine then wait for the bear market and then buy coins, do not buy gpus, trust me even with free electricity buy coins in the bear market is a better return if you look 3 to 5 years down the line, but to be worth, eth price needs to crash a lot to be attractive, around 100 ~ 200 usd, will it crash to 100 ~200 usd, only time will tell.

TanakabZX

member

Activity: 504

Merit: 16

Quote from: Metroid on February 24, 2021, 03:05:00 AM

Quote from: Ursul0 on February 23, 2021, 10:32:39 AM

as in you'd drop dead if you knew the profits.

where's metroid btw?

I'm here hehe, for the record that phase we have seen from july 2018 to july 2020 will return again very soon, it was 24 months of misery, agony and negative profits and yeah I called that.

Quote from: xxcsu on February 23, 2021, 09:24:06 PM

Look who is the biggest troll here Grin

I do mine for hobby not for profit, trading is for profit not hobby, where most of you trolls sold eth for 100 ~ 400, I myself sold for 1k and most at 2k, better be safe than sorry, I have few gpus at moment, bought last december 2 x 3080 evga ftw3, i have few other gpus, 1x 470, 2x gtx 1070.

And I will do just the same thing I did last time, I will wait this bull market to crash 95% again and will again buy coins. I will not buy gpus to mine on the bear market, that is stupid and for the record who follows my advice is doing good, i said last year to buy coins not gpus, after eth hit 900 usd then i said to buy gpus not coins, risk of buying coins is still very high at moment as this can crash anytime, so I advise any to buy gpus if price is right if not then wait this to crash 95% and then buy coins. As for myself I will just wait this bull market to crash, not in a hurry and right now I see thieves wanting to sell 3080 for 2k already hehe, if you can get a 3080 for 1k or less then go for it, if more than that then forget.

Good advice sir Metroid, I bought gpus when eth already reached 1k, I guess I was in a dummy mode at the time, my loss haha, I used to own 12 ETH but too blind to see that bull season will eventually return again, I would have earned a lot right now, anyways I have free electricity and if bear market returns isn't it better to just keep mining?

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: batsonxl on February 24, 2021, 04:24:23 AM

Thanks, where i can follow you? only here ? will be nice if you have youtube channel for hobby too.

For real time chat then trollbox at poloniex, I'm most active there, I also chat on bitmex or hitbtc not very often though, forums at techpowerup and here at bitcointalk. For complete privacy and protection, better not to mess with youtube, facebook or twitter.

batsonxl

member

Activity: 1201

Merit: 26

Quote from: Metroid on February 24, 2021, 03:05:00 AM

Quote from: Ursul0 on February 23, 2021, 10:32:39 AM

as in you'd drop dead if you knew the profits.

where's metroid btw?

I'm here hehe, for the record that phase we have seen from july 2018 to july 2020 will return again very soon, it was 24 months of misery, agony and negative profits and yeah I called that.

Quote from: xxcsu on February 23, 2021, 09:24:06 PM

Look who is the biggest troll here Grin

I do mine for hobby not for profit, trading is for profit not hobby, where most of you trolls sold eth for 100 ~ 400, I myself sold for 1k and most at 2k, better be safe than sorry, I have few gpus at moment, bought last december 2 x 3080 evga ftw3, i have few other gpus, 1x 470, 2x gtx 1070.

And I will do just the same thing I did last time, I will wait this bull market to crash 95% again and will again buy coins. I will not buy gpus to mine on the bear market, that is stupid and for the record who follows my advice is doing good, i said last year to buy coins not gpus, after eth hit 900 usd then i said to buy gpus not coins, risk of buying coins is still very high at moment as this can crash anytime, so I advise any to buy gpus if price is right if not then wait this to crash 95% and then buy coins. As for myself I will just wait this bull market to crash, not in a hurry and right now I see thieves wanting to sell 3080 for 2k already hehe, if you can get a 3080 for 1k or less then go for it, if more than that then forget.

Thanks, where i can follow you? only here ? will be nice if you have youtube channel for hobby too.

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: Ursul0 on February 23, 2021, 10:32:39 AM

as in you'd drop dead if you knew the profits.

where's metroid btw?

I'm here hehe, for the record that phase we have seen from july 2018 to july 2020 will return again very soon, it was 24 months of misery, agony and negative profits and yeah I called that.

Quote from: xxcsu on February 23, 2021, 09:24:06 PM

Look who is the biggest troll here Grin

I do mine for hobby not for profit, trading is for profit not hobby, where most of you trolls sold eth for 100 ~ 400, I myself sold for 1k and most at 2k, better be safe than sorry, I have few gpus at moment, bought last december 2 x 3080 evga ftw3, i have few other gpus, 1x 470, 2x gtx 1070.

And I will do just the same thing I did last time, I will wait this bull market to crash 95% again and will again buy coins. I will not buy gpus to mine on the bear market, that is stupid and for the record who follows my advice is doing good, i said last year to buy coins not gpus, after eth hit 900 usd then i said to buy gpus not coins, risk of buying coins is still very high at moment as this can crash anytime, so I advise any to buy gpus if price is right if not then wait this to crash 95% and then buy coins. As for myself I will just wait this bull market to crash, not in a hurry and right now I see thieves wanting to sell 3080 for 2k already hehe, if you can get a 3080 for 1k or less then go for it, if more than that then forget.

Branko

sr. member

Activity: 2632

Merit: 328

Quote from: miner29 on February 23, 2021, 01:38:27 PM

I think those who have responded to OP did not catch the sarcasm..... Grin

I did.

They probably didn't follow Metroid Grin

Mighty_crypt

member

Activity: 784

Merit: 21

Quote from: philipma1957 on February 23, 2021, 11:18:05 PM

Mine on.

I have

1x 3090 on the way
2x 3060ti on the way

1x 3070 full pc on the way

and a 6800xt on back order.

New orders? Guy you got some balls, I really want to be like you some day, I'm seeing cheap gpus that are within my reach here but I couldn't buy them, I don't have the balls to keep buying gpu and mining, a half of me thinks about what will happen if bear season gets here

philipma1957

legendary

Activity: 4326

Merit: 8899

'The right to privacy matters'

Mine on.

I have

1x 3090 on the way
2x 3060ti on the way

1x 3070 full pc on the way

and a 6800xt on back order.

xxcsu

hero member

Activity: 1498

Merit: 597

Quote from: Ursul0 on February 23, 2021, 10:32:39 AM

as in you'd drop dead if you knew the profits.

where's metroid btw?

not everyone understand what and why you saying

but most of us do

So those who missed our very knowledgeable forum member, Metroid amazing topics, HERE is the link for you to understand what the OP is talking about Wink

.... Yeah for him(metroid) gpu mining was dead from the beginning

But for some reason All my built miners from 2016/2017 are still working and making money/profit, as they did in the past 4-5 years .
Sometime less, sometime more , but for me gpu mining never was dead ...

Quote from: Metroid on September 10, 2017, 01:32:42 AM

I guess the way things are going, soon many miners will start committing suicide, I love the prospect of it. I mean right now, the whole world might be mining and dumping altcoins to pay their loans, soon only few miners will be left mining with $0.05 per card a day, like used to be hehe

Lucky me im still alive Grin

and the past 4-5 years never mined anything for a $0.05 per card a day Wink

Quote from: Metroid on September 06, 2017, 06:31:59 PM

Mining is for losers cause most of you noobs sell your coins too low hehe, I myself love when a coin is crashing you trolls help them to crash even further and then I have to come in and buy your cheap coins hehe, I wait till the enxt 100% pump and then take my profits, I always win hehe, so my returns as a trader are many thousands times greater then you losers miners hehe

Yeah this is him , a very helpful member for our community

GPU mining is died for him in 2018 , but he is still mining Grin

Quote from: xxcsu on February 23, 2021, 09:45:36 PM

Quote from: Metroid on February 23, 2021, 08:51:43 AM

I have a 470 here and i undervolted to 800mv at 900 mhz, memory 1751 mhz and it does 11 mhs on rvn, 67 watts on software and 115 watts on the wall, use your skills trolls.

so GPU mining is still not dead for you

You still have a 470 there ? I thought GPU mining died in 2018
What a big change

Look who is the biggest troll here Grin

Topic: Finally GPU mining is dead... - page 2. (Read 1067 times)