gpu bubble well and truly bursting - page 11.

tpd09

full member

Activity: 287

Merit: 100

Quote from: hyet24 on August 21, 2017, 05:18:15 AM

Instead of spreading FUD then price the coins higher. I notice how fast new miners sell. I remember first time people are selling SIGT at 300 sat and 1000 sat before it hit 3000+ in the next day.

its part of the learning curve I guess -

but all of us have a brain, so let use it Grin

hyet24

full member

Activity: 166

Merit: 100

Instead of spreading FUD then price the coins higher. I notice how fast new miners sell. I remember first time people are selling SIGT at 300 sat and 1000 sat before it hit 3000+ in the next day.

sadyas

member

Activity: 74

Merit: 10

Quote from: QuintLeo on August 20, 2017, 02:53:41 PM

Quote from: sundownz on August 08, 2017, 07:51:56 PM

Quote from: fistfullofbtc on August 08, 2017, 04:36:00 PM

nicehash payout is about 2 dollars a day per gtx1070. when i started mining in march it was more than double, i don't call 2 dollars a day nice profit even with btc rising.

$2 / Day @ current price = $4 / Day if you hold and price doubles.

That's not mining, that's speculation/investment.

That is right. Otherwise, it is better to buy the coins directly.

QuintLeo

legendary

Activity: 1498

Merit: 1030

Quote from: sundownz on August 08, 2017, 07:51:56 PM

Quote from: fistfullofbtc on August 08, 2017, 04:36:00 PM

nicehash payout is about 2 dollars a day per gtx1070. when i started mining in march it was more than double, i don't call 2 dollars a day nice profit even with btc rising.

$2 / Day @ current price = $4 / Day if you hold and price doubles.

That's not mining, that's speculation/investment.

Xenoblate

newbie

Activity: 69

Merit: 0

Quote from: Thetaj on August 10, 2017, 10:56:32 PM

I'm not saying its not profittable to mine on GPUs, it is. But thats also accounting for the fact that GPUs retain MUCH of their value even after a couple months of mining.

If the price of the GPU you are using goes down......MORE than what you get from the coin you mine (please no nicehash idiocy). Then it would make sense for you to sell the cards after a period of time to sell the GPUs and instantly make 100-200% profit no?

just saying........its your money, do what you will with it.

For the people who stick it out and lose out on potential profits to build a better world : I salute you guys and make no mistake, you are the people who give people like me the opportunity to make some money in this highly competitive cryptomining sphere.

I think the GPU retains its value quite good. I bought some AMD R9 390 in March last year, the price now is even higher.

MA3A

full member

Activity: 241

Merit: 100

To Hash or not to Hash, that's what the question

Quote

Quote from: BennyT on August 07, 2017, 06:28:41 PM
Something that doesn't get talked about often enough in mining is that us miners are upholding and building a new network of currencies which I think is pretty cool. The central banks have a monopoly on those other currencies and regular people have no participation in that. With crypto, we are the system and we're getting paid for it.

That's one kick ass statement!, i love it!, i will borrow it for sure Grin Grin

- ABSOLUTELY GORGEOUS AND VERY TRUE INDEED. The Great Idea will always prevail over "butiwants" I am very sure that once more people will UNDERSTAND the idea behind it, they will join in immediately. The problem is that majority of folks dont understand technology or banking in general and the proof is nation debt. Just like Henry Ford said once:

Quote

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.

Thetaj

full member

Activity: 402

Merit: 116

I'm not saying its not profittable to mine on GPUs, it is. But thats also accounting for the fact that GPUs retain MUCH of their value even after a couple months of mining.

If the price of the GPU you are using goes down......MORE than what you get from the coin you mine (please no nicehash idiocy). Then it would make sense for you to sell the cards after a period of time to sell the GPUs and instantly make 100-200% profit no?

just saying........its your money, do what you will with it.

For the people who stick it out and lose out on potential profits to build a better world : I salute you guys and make no mistake, you are the people who give people like me the opportunity to make some money in this highly competitive cryptomining sphere.

totko

newbie

Activity: 33

Merit: 0

Haha poor gamers, as it seems the market is stabilizing and there are nvidia card while amd cards are still the double price
The mining cards are appearing and i don't have a high opinion of them but the new cards are not performing as well as the first models so the factory's are forcing us (aka the miners) to buy those miner cards.

induktor

hero member

Activity: 710

Merit: 502

Quote from: Elder III on August 10, 2017, 05:22:55 PM

The most dangerous thing for crypto miners at this specific time is getting death threats from gamers that can't find cheap GPUs to buy. :p

LMFAO!!!!!! Grin

Elder III

sr. member

Activity: 1246

Merit: 274

Mining was plenty profitable last month when we had a downward dip..... we may not be at the levels of the end of May 2017 right now but it's going upward across the board and certainly doesn't seem to have burst at this point. The most dangerous thing for crypto miners at this specific time is getting death threats from gamers that can't find cheap GPUs to buy. :p

induktor

hero member

Activity: 710

Merit: 502

Quote from: BennyT on August 07, 2017, 01:28:41 PM

Something that doesn't get talked about often enough in mining is that us miners are upholding and building a new network of currencies which I think is pretty cool. The central banks have a monopoly on those other currencies and regular people have no participation in that. With crypto, we are the system and we're getting paid for it.

That's one kick ass statement!, i love it!, i will borrow it for sure Grin

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: Apneal on August 08, 2017, 09:12:57 PM

Quote from: rdluffy on August 08, 2017, 08:37:58 PM

I don't understand these guys

Any recent GPU is having profits, any day we have a coin to mine, we are in the middle of something big, the cryptos are evolving as Bitcoin, and they are complaining about everything

Gpu Bubble
BTC crash
Altcoins Crash

There are a lot of users who post negative things in every topic

Hey, if you are pessimistics you don't have to enter in this section, get out to another, you can easily buy the coin and it's ok, no problem

Every person has a different reason to mine, I consider a cheap way to obtain the coins, and even if one day the market is gone, to zero, I have a card to sell or to play some games, even if they worth less

Spreading FUD keeps profits higher for those who are already participating. It's surprising you don't take that into account.

Spreading FUD is the old school moron viewpoint of the op. Encourage newbies as much as possible. Never spread FUD and tell alt coin FUD spreaders to go FUD themselves is the new school method of maximizing coin profits. Why is this true?
It gets the little guy into mining and it encourages gamers to mine. This two prong attack is all that can stop the evil super farms from crushing alt coins like they did to BTC.

Almost any house can have a two card gamer/miner pc enough so that farms will have a harder time competing in niche coins.
Niche coins are where it is at as a big farm won't mine them since it kills profits.
The op should change the title as he is only hurting himself and is too stubborn to realize the new truth of alt coin mining.

Or not and I am the moron not him.

rdluffy

legendary

Activity: 2366

Merit: 1408

Quote from: Apneal on August 08, 2017, 09:12:57 PM

Quote from: rdluffy on August 08, 2017, 08:37:58 PM

I don't understand these guys

Any recent GPU is having profits, any day we have a coin to mine, we are in the middle of something big, the cryptos are evolving as Bitcoin, and they are complaining about everything

Gpu Bubble
BTC crash
Altcoins Crash

There are a lot of users who post negative things in every topic

Hey, if you are pessimistics you don't have to enter in this section, get out to another, you can easily buy the coin and it's ok, no problem

Every person has a different reason to mine, I consider a cheap way to obtain the coins, and even if one day the market is gone, to zero, I have a card to sell or to play some games, even if they worth less

Spreading FUD keeps profits higher for those who are already participating. It's surprising you don't take that into account.

Yes, you are right, but I think the users in general are not the "enemies", the big farms are the ones to worry about

Apneal

full member

Activity: 219

Merit: 100

Quote from: rdluffy on August 08, 2017, 08:37:58 PM

I don't understand these guys

Any recent GPU is having profits, any day we have a coin to mine, we are in the middle of something big, the cryptos are evolving as Bitcoin, and they are complaining about everything

Gpu Bubble
BTC crash
Altcoins Crash

There are a lot of users who post negative things in every topic

Hey, if you are pessimistics you don't have to enter in this section, get out to another, you can easily buy the coin and it's ok, no problem

Every person has a different reason to mine, I consider a cheap way to obtain the coins, and even if one day the market is gone, to zero, I have a card to sell or to play some games, even if they worth less

Spreading FUD keeps profits higher for those who are already participating. It's surprising you don't take that into account.

kiaas

jr. member

Activity: 42

Merit: 12

heck, there's only been a few months in the past ~4 years where my 7850 wasn't profitable (maybe I just didn't know what the hip new coin was then, too).
Now All of my HD 7000 and newer cards have been profitable on multiple algos, though I've been sticking to ZEC for my older AMD cards.

rdluffy

legendary

Activity: 2366

Merit: 1408

I don't understand these guys

Any recent GPU is having profits, any day we have a coin to mine, we are in the middle of something big, the cryptos are evolving as Bitcoin, and they are complaining about everything

Gpu Bubble
BTC crash
Altcoins Crash

There are a lot of users who post negative things in every topic

Hey, if you are pessimistics you don't have to enter in this section, get out to another, you can easily buy the coin and it's ok, no problem

Every person has a different reason to mine, I consider a cheap way to obtain the coins, and even if one day the market is gone, to zero, I have a card to sell or to play some games, even if they worth less

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

How can you not be earning a profit mining with gpus?

yugyug

sr. member

Activity: 616

Merit: 256

in this world of blockchain decentralization for cryptocurrency, this is my observation, we the small time new players crypto miners, are the most exploited. did you ever think for that after all of our investment for mining rigs after just a few months our we feel like we just kicking out of the game because we don't feel any improvement in our profit and later we will just say mining is just a hobby- that's the most abused word for miners just an excuse for the lose the "hobby".

sundownz

hero member

Activity: 714

Merit: 512

Quote from: fistfullofbtc on August 08, 2017, 04:36:00 PM

nicehash payout is about 2 dollars a day per gtx1070. when i started mining in march it was more than double, i don't call 2 dollars a day nice profit even with btc rising.

$2 / Day @ current price = $4 / Day if you hold and price doubles.

Food for thought =)

I'm not stepping back at all -- still expanding my mining operation. And frankly... I find it quite fun.

dbc23

sr. member

Activity: 1036

Merit: 311

Quote from: fistfullofbtc on August 08, 2017, 04:47:57 PM

Quote from: Haldon on August 08, 2017, 04:46:31 PM

Quote

With 6 card you can earn $20/day right now.

How?

by selling the cards and buying a coin.

20 dollars a day is fictional.

From 8 mixed nvidia cards over two weeks I made >$1000 off SIGT. Granted that's a unicorn and not the norm, but it was nearly $100/day average. With a handful of windfalls like that and low level baseline mining inbetween it's certainly worth it, now is a poor time to get IN to mining though, I really lucked out getting my cards before the summer rush at sane prices.

Even with all that I got in as a hobby with limited loss, like playing Pokemon or Magic, the goods involved retain some value so even if you grow bored you're not out all your money when you quit.

Topic: gpu bubble well and truly bursting - page 11. (Read 23737 times)