Topic: Future of mining (Read 142 times)
I'm scared 😂 because the more bulls try to maintain this good trend the longer bear market will take as well, the truth is no one knows what real bears will take over the market again but I can promise you it will take longer than usual, pls lets all be prepared
If the prices don't dip that much like you guessed, then everything will go fine.
You know it won't, if eth price is unchanged and it stays sideways for the next 2 years then because of difficulty, profit will always go lower and lower till we hit that x where farms are not profiting anymore and by then anybody with higher than their electrical cost are out of the game but it depends on many things, I guess only farms with eth asics will survive and make some profit because they are the most efficient per kwh x mhs and those farms will push profit lower and lower because they can. That is if eth does not go pos next 2 years, mining now is a dangerous game because hardware is expensive and the future is uncertain.
Anyway, the truth here is only scammers are earning good money in this bullmarket, scammers create a new scamcoin everyday, market and hype it, sheeps then try to get into close to the top of the pyramid scheme as fast as they can so they can lure other sheeps and slaughter them, rinse and repeat every cycle.
Scammers and hackers are on top of the food chain LOL
If the prices don't dip that much like you guessed, then everything will go fine.
You know it won't, if eth price is unchanged and it stays sideways for the next 2 years then because of difficulty, profit will always go lower and lower till we hit that x where farms are not profiting anymore and by then anybody with higher than their electrical cost are out of the game but it depends on many things, I guess only farms with eth asics will survive and make some profit because they are the most efficient per kwh x mhs and those farms will push profit lower and lower because they can. That is if eth does not go pos next 2 years, mining now is a dangerous game because hardware is expensive and the future is uncertain.
Anyway, the truth here is only scammers are earning good money in this bullmarket, scammers create a new scamcoin everyday, market and hype it, sheeps then try to get into close to the top of the pyramid scheme as fast as they can so they can lure other sheeps and slaughter them, rinse and repeat every cycle.
Crypto adoption rate is no more like 2018 so I'm guessing that future bear market won't be so dip like past years anymore because of high accumulation so my question is will mining be fairly enough in next bear market compare to that of 2018? I remember that was why many quit and sold their GPU in 2018
Same as before. Only those who can afford to mine will be mining during the next bear market and the others will go bankrupt. When the prices dip hugely, the farms will have products that nobody wants, but their electricity costs will stay same so they'll have 2 choices:
1- Pay from their own pocket to survive
2- Sell the hardware and close the shop
If the prices don't dip that much like you guessed, then everything will go fine.
...
I said that in another post, solana was $0.50 in 2020 july and got as high as 250 usd in september 2021 and now is around 200 usd. That is 500x, that is insane and no mining involved at all, just scam and nothing else and people buy it without thinking, so they deserve to be scammed, I said that to a friend of mine, I will never touch solana, cardano or any eth copycat. I will never invest in any of them, all scam and eth as we know is centralized and will keep that way and with pos it will become even more centralized.
About the market, the same thing will happen this time, will be no different than 2011, 2014 or 2018, crypto is a very high risk market, nobody wants to hold the bag once things go south because selling high and buying very low is the way to go to increase your money next bullscamrun, reason why people are not selling yet their btc or eth is because they still believe there will a last bulltrap and I'm one of them, many coins have been bleeding no stopping since may and others since september 2021, meaning they are not buying them and are concentrating on eth and btc and some other top 10 coins on that last bulltrap that is coming, 99% of coins will not rise much in value if btc and eth prices rise 40% and the reason is history, in 2018 everything rose with btc and eth, and everything crashed faster than btc and eth to record low, people will not make the same mistakes they have done in 2018, so I think only top 10 coins will have a dramatic rise on the last bulltrap, everything else will see a minor rise and once eth and btc starts crashing from top then those coins will be liquidated very fast to another record low, that is when bear market will be upon us, manipulators have one more card to throw then gameover and they know it. So my advice is, dont buy altcoins other than ravecoin, rvn halving is approaching, that can have a dramatic increase too and then a huge crash after the halving hype, rvn have been bleeding since its top which was $0.30 and now is around $0.08, use extreme caution when dealing with altcoins.
About mining, if you have gpus keep mining, no point buying or selling gpus right now, expect the hehell crash then sell gpus first sight hehell crash is upon us, trust me you will still get a good value for them if you act fast and remember if eth devs are really merging eth1 + eth2 in july 2022 then gameover, mining is done for a long time, till we see something in the horizon next 3 years or so, profit will be negative, just like it was from november 2018 to july 2020. Even if eth devs dont merge in july 2022 then expect negative profits too for a long time, no place to run here but will be less felt and dramatic than if the merger happens. If the merger happens then will be death everywhere, the extension of the pain, misery will be the worst seen in mining, if you think 2014 and 2018 was bad, the magnitude of that will be 100 times worse than 2014 or 2018. So extreme caution here is necessary if you value your financial life.
About mining, if you have gpus keep mining, no point buying or selling gpus right now, expect the hehell crash then sell gpus first sight hehell crash is upon us, trust me you will still get a good value for them if you act fast and remember if eth devs are really merging eth1 + eth2 in july 2022 then gameover, mining is done for a long time, till we see something in the horizon next 3 years or so, profit will be negative, just like it was from november 2018 to july 2020. Even if eth devs dont merge in july 2022 then expect negative profits too for a long time, no place to run here but will be less felt and dramatic than if the merger happens. If the merger happens then will be death everywhere, the extension of the pain, misery will be the worst seen in mining, if you think 2014 and 2018 was bad, the magnitude of that will be 100 times worse than 2014 or 2018. So extreme caution here is necessary if you value your financial life.
LOL, there is some truth to this..
you know..people cramming inside one coin (ETH) (for gpus BTW)...felt like not so decentralized for mining profit, like swatting so many flies in an area with one stroke.
take a hint from those ETH copycats like binance chain and solana. they didn't do mining shit, well.. it is ponzi factory LOL. like ETH with ERC (insert number here LOL), solana might do mining (yeah after controlling the supply hehe)
people are in it for the ponzi...*cough*..money..
back then the prospecting for shitcoins are more decentralized with lots of POW, now they are inside platform coins which are not mineable and tokens that are not mineable.
just wait till people are screaming SCAM! SCAM! SCAM!..they'll leave, probably return to scream a few more SCAM! SCAM! and then leave for good..then you buy a shit ton of shit coins the most ponziable kinds and then retire.. easy to say, easy to read but it is really fuckin hard to do LOLOL
Bear market will happen whether you like it or not and those who can't hold for long term will dump their coins before Futher crashes happens, I already feel like we are in bear market already and those expecting 2022 to be mind blowing will be disappointed
Anything can happen in crypto,if we miss 100.000 USD for a Bitcoin in 2021 which was every enthusiast target,we hope to achieve that in Q1 or Q2 of 2022 as a maximum.So if this scenario happens 2022 will truly be mind blowing and those who sell their coins during bear time will be hugely disappointed.I believe in a mind blowing 2022.
Bear market will happen whether you like it or not and those who can't hold for long term will dump their coins before Futher crashes happens, I already feel like we are in bear market already and those expecting 2022 to be mind blowing will be disappointed
@Metroid what about the higher institutions that invested a lot into BTC in almost every dips since weeks now? I accept your point but just curious about what will happen to the big investors, I think they will do all they can to bring down the market so as to take advantage of it over again
They will sell if a last bulltrap happens, they might not sell if they lose the opportunity to sell high, they will not buy right now or if it goes higher than what it is and they will only buy if it crashes too much and when I say too much is higher than 80% from top, manipulators on the other hand are the ones who control the market, they know where this will crash to and they know what the top is going to be.
@Metroid what about the higher institutions that invested a lot into BTC in almost every dips since weeks now? I accept your point but just curious about what will happen to the big investors, I think they will do all they can to bring down the market so as to take advantage of it over again
About the market, the same thing will happen this time, will be no different than 2011, 2014 or 2018, crypto is a very high risk market, nobody wants to hold the bag once things go south because selling high and buying very low is the way to go to increase your money next bullscamrun, reason why people are not selling yet their btc or eth is because they still believe there will a last bulltrap and I'm one of them, many coins have been bleeding no stopping since may and others since september 2021, meaning they are not buying them and are concentrating on eth and btc and some other top 10 coins on that last bulltrap that is coming, 99% of coins will not rise much in value if btc and eth prices rise 40% and the reason is history, in 2018 everything rose with btc and eth, and everything crashed faster than btc and eth to record low, people will not make the same mistakes they have done in 2018, so I think only top 10 coins will have a dramatic rise on the last bulltrap, everything else will see a minor rise and once eth and btc starts crashing from top then those coins will be liquidated very fast to another record low, that is when bear market will be upon us, manipulators have one more card to throw then gameover and they know it. So my advice is, dont buy altcoins other than ravecoin, rvn halving is approaching, that can have a dramatic increase too and then a huge crash after the halving hype, rvn have been bleeding since its top which was $0.30 and now is around $0.08, use extreme caution when dealing with altcoins.
About mining, if you have gpus keep mining, no point buying or selling gpus right now, expect the hehell crash then sell gpus first sight hehell crash is upon us, trust me you will still get a good value for them if you act fast and remember if eth devs are really merging eth1 + eth2 in july 2022 then gameover, mining is done for a long time, till we see something in the horizon next 3 years or so, profit will be negative, just like it was from november 2018 to july 2020. Even if eth devs dont merge in july 2022 then expect negative profits too for a long time, no place to run here but will be less felt and dramatic than if the merger happens. If the merger happens then will be death everywhere, the extension of the pain, misery will be the worst seen in mining, if you think 2014 and 2018 was bad, the magnitude of that will be 100 times worse than 2014 or 2018. So extreme caution here is necessary if you value your financial life.
About mining, if you have gpus keep mining, no point buying or selling gpus right now, expect the hehell crash then sell gpus first sight hehell crash is upon us, trust me you will still get a good value for them if you act fast and remember if eth devs are really merging eth1 + eth2 in july 2022 then gameover, mining is done for a long time, till we see something in the horizon next 3 years or so, profit will be negative, just like it was from november 2018 to july 2020. Even if eth devs dont merge in july 2022 then expect negative profits too for a long time, no place to run here but will be less felt and dramatic than if the merger happens. If the merger happens then will be death everywhere, the extension of the pain, misery will be the worst seen in mining, if you think 2014 and 2018 was bad, the magnitude of that will be 100 times worse than 2014 or 2018. So extreme caution here is necessary if you value your financial life.
Crypto adoption rate is no more like 2018 so I'm guessing that future bear market won't be so dip like past years anymore because of high accumulation so my question is will mining be fairly enough in next bear market compare to that of 2018? I remember that was why many quit and sold their GPU in 2018
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