Topic: GPU mining will die in 2018! - page 39. (Read 16860 times)

It's the lack of financial education, I'd wager many do not understand terms like value at risk, value at risk to reward ratio, profits to expense, but just look at the payback period.

A $125 Rx580 that makes $1/day
A $250 Rx580 that makes $2/day
A $500 Rx580 that makes $4/day

To some, these are basically the same, or maybe the $500 Rx580 is better since less work is required.

However despite the lower risk to reward ratio people made their money back on $500 gpus back in July. There's a high probability they will come out ahead this time too, good for them  

So I went back and looked at Metroid's post because and he has a history of spreading FUD. Not sure how this thread is 5 pages long already but ppl need to know this guy is a nut job. Below are some classic example of this guys retarded trolling. Hope others can see it for what it is. Enjoy the read I picked some of the best posts for your viewing pleasure:

Sept. 20, 2017:

Nov 4, 2017: Recommending eth only whereas in reality btc hit ATH in Dec. as did many other coins

After byzantine fork: saying miners lost 15% we actually didnt. It was the same and I have numbers to prove it. Again spreading FUD without actual testing.

Oct 2017:Replying to say if Eth mining is profitable. Anyone can see that it still is profitable to this very day.

Oct 9, 2017: Saying that ltc will soon be like ghost. Till this day L3+ and S9 are the most profitable Asics out there.


Oct 2017: Apparently a 4k mining investment will take 2 years (if experienced) while otherwise will take 3 years or so  

A few months later Zec hit ATH but this guy was saying 0.5btc any day. Yeah metroid no thank you.

Sept 2017: Mining since has become so profitable that the cards have become scarce but had we listened to this troll we would have lost out of on so much.  

Hope you all can see this persons fixation with mining and discouraging everyone from it. Metroid if you cant mine for whatever reason stop pissing in everyone else cereal ffs.

I was shocked at GPU pricing... i went on eBay to look around, and for example a radeon rx 580 was about $150 more than I paid for it about 7 months ago........  the demand for cards must be horrendous.

He's probably just pissed off that he bought in way too high (thinking that he knows something about trading, when he really doesn't know dick) and now he's sweating the current market prices.  Sell it all, Metroid.  Sell it all ... Lol.

bought several rx 570's and 580's today for $259.

hehe.

ur really my favorite poster around here Metroid. hehe.  when the crypto market crashes and my $35,000 worth of hardware is worth $200 we are going to jump off the bridge together hehe.

i want you to be there with me buddy.  hehe. 

indeed it won't :") ...coin mining won't die anytime soon but will  have it's up and downs ...... an be a risk like anything ...

GPU mining will not die in 2018 for sure lol

GPU mining will die in 2018!

it did for a while before but won't die now . .. unless the greed of the ASIC maker over takes how they think and they want it all . an are willing to waste tons of cash trying..


any thing is possible if you get  enough jerks with control issues aka greed issues.

Worse than what?  It's not bad right now ... Lol.  But continue to spew your garbage.  I know how to tune out the uninformed.

This is the first thread I created in this forum since 2013, not even in 2014 I was so skeptical like I'm now about mining, this is becoming stupid anyway you look and the way things are, it will become worse and all this points to "GPU mining will die in 2018!".

I have the same issue.


1 - During the colder months, vent my mining room directly into the return duct on my furnace. Open intake vent from outside.

This will allow cooler air to enter the room from outside, warm up and exit into my furnace where I can reuse the heat for the rest of the house. My mining room is right next to my HVAC room.

2 - During the colder months, vent my mining room directly into the vents that go to my kitchen.

Easier than option 1, but won't spread the heat through the whole house.

3 - During the colder months, vent my mining room directly into my garage.

Easier than option 1, warm garage would be nice, but doesn't save me money.

-------------------------------------------------

In the warm months I am going to vent from one side of the room an intake from another out of the house.

I need a new water heater, I'm considering installing one of those heat pump units in my mining room also.

there are people that resell at good rates.

I just sold 9 of these on the forum

https://www.evga.com/products/product.aspx?pn=08G-P4-5678-KR



33 months on warranty

for 600 to 615

I made about 150 per card between small markup and  mining for 2-3 months.

Once they are shipped I will sell some more cards at good prices.

I do agree that  people should not pay 1500 for a 1080 ti

But people do.

Are not you the guy that  started the gpu bubble burst thread?

Note I found that thread  it was not the op

I stopped buying GPUs at the insane prices... but I will still buy more in an instant if I see a deal.

No one really needs or values your warning or opinions, because you don't know how to properly convey them.  Hopefully people aren't out there paying insane prices for gpu's without really knowing that they're doing it, but of course it's happening to an extent.  However, we can do our own research and form our own opinions without the help of a fear mongering, halfwit like yourself.

Keep buying gpus for 300% more than msrp and dont worry cause that is how you enrich the resellers and watch as resellers enrich 300% for doing nothing and in the end you will watch the resellers laughing at your face hehe, the only one here in danger its you who is buying cause the resellers will get their money fast and easy and you will be in debt if gpu mining dies in 2018, you have been warned.

There are a couple. It seems much less interested than a week or two ago but I ordered a 4 TB HDD to throw in my ring nonetheless.

wait plot twist Metroid may be doing us some good, his trying to discourage those noobs to jump in... less difficulty for us all. 

Burst and Storj are both mineable with hdd. Those are the most known hdd mineable coins, and there could be more. Dont know if they are profitable to mine though.

Is there a calculator for BURST?

I hope GPU mining dies. We evolve into something different. You can’t be scared of what’s coming next. We’re mining crypto currency. It doesn’t get more cutting edge than that. It will change and evolve and we will adapt.

The miners we built have ushered in a new era of Blockchain applications that others can leverage. Let’s face it, we all mine because of the profitability. Yes building out the network is a nice to have but if we weren’t making money, we wouldn’t spending our electricity just to build a network. Crypto is going to allow us to do so many things and our miners will have new applications that haven’t even been invented yet.

We’re ROI’ing in 6-7 months. That’s insane!! People think returns on investments in 5 years is a good thing let alone months.