If BTC doesn't close this week above $3000 gpu mining is done - page 2.

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: ikicha on December 06, 2018, 11:25:37 PM

Now, $3300 and Alt crash too
Capitulation?
GPU Dead?
ASIC Dead?
Miner Dead?
Crypto Dead?

That is what manipulators want you trolls to think, then after the "no hope" concept is spread then they start buying everything to fill their wallets for the next run to 100k, it has been like this for the past 9 years.

ikicha

full member

Activity: 788

Merit: 100

Now, $3300 and Alt crash too
Capitulation?
GPU Dead?
ASIC Dead?
Miner Dead?
Crypto Dead?

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: Number6 on December 06, 2018, 10:32:23 PM

Quote from: gsrcrxsi314 on December 06, 2018, 10:18:36 PM

Quote from: Metroid on December 06, 2018, 09:33:26 PM

Mining in 2018 as I predicted is dead, crypto far from it, now is time to sit tight and wait when manipulators start buying back and pump btc to 100k cause it will happen in 2021.

you also predicted eth to 0.5BTC LOL. never happened.

I suppose if someone makes enough predictions, a few of them are bound to come true.

I created a thread about it and it was my first and last thread created here till this moment which means i really meant to.

Number6

sr. member

Activity: 490

Merit: 254

Quote from: gsrcrxsi314 on December 06, 2018, 10:18:36 PM

Quote from: Metroid on December 06, 2018, 09:33:26 PM

Mining in 2018 as I predicted is dead, crypto far from it, now is time to sit tight and wait when manipulators start buying back and pump btc to 100k cause it will happen in 2021.

you also predicted eth to 0.5BTC LOL. never happened.

I suppose if someone makes enough predictions, a few of them are bound to come true.

gsrcrxsi314

member

Activity: 367

Merit: 34

Quote from: Metroid on December 06, 2018, 09:33:26 PM

Mining in 2018 as I predicted is dead, crypto far from it, now is time to sit tight and wait when manipulators start buying back and pump btc to 100k cause it will happen in 2021.

you also predicted eth to 0.5BTC LOL. never happened.

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Mining in 2018 as I predicted is dead, crypto far from it, now is time to sit tight and wait when manipulators start buying back and pump btc to 100k cause it will happen in 2021.

antantti

legendary

Activity: 1176

Merit: 1015

Pumping this ancient thread, 15 months later we are looking at that $3,000 barrier again.

GPU mining has gone down the toilet long time ago, only some hard core guys left.

Looking back that 15 months, what has fundamentally changed? Add one more year, 27 months, what has changed? Meh.

Moon boys always told you when that big FIAT crash comes all that money flows into crypto, right now looks like we are getting closer to that 'old money' crash, you guys still feel comfortable with your crypto investments?

Happy mining & holidays!

antantti

legendary

Activity: 1176

Merit: 1015

BTC closed above $3000 so I'm locking this thread, will open new one before next test.

QuintLeo

legendary

Activity: 1498

Merit: 1030

Quote from: Metroid on September 17, 2017, 04:00:35 PM

Quote from: philipma1957 on September 17, 2017, 03:45:15 PM

and my paid for 1080ti's are turning profit as I type. Grin

If you paid $700 then you are deluding yourself, based on the data and profitability since june you never even got 50% out of the $700 with it.

Why were you ASSUMING June?

There are quite a few of us that were mining ZEC (for example) LATE LAST YEAR when it first showed up.

I missed out on the first day, but I STILL made a killing the first week or so before the price collapsed far enough to put ZEC in "the bucket".

rdluffy

legendary

Activity: 2226

Merit: 1304

Quote from: Marvell2 on September 18, 2017, 10:14:54 AM

Quote from: rdluffy on September 18, 2017, 10:05:22 AM

The market is not so volatile...
people are more volatile than anything

2 or 3 days is enough to think the whole cryptos are going to end, to stop mining etc

Cryptos up for months = cool, I love cryptos, Cryptos are the future

Cryptos down for 2 days = OMG run to the hills

yup lol , my portfolio was at 10k friday now its back too 25k

panic in a volatile market is dumb , when stuff goes down near 100 percent in a few days you have to know its irrational fear and HODL

Totally agree with you

Every single time I hodl I won
on the very beginning when I invested my first money, I panic sold, but just one time and I learned

Tmdz

hero member

Activity: 1008

Merit: 1000

Yeah it take a while to re-program your brain for this market.
Everyone thinks they are the genius investor when the market is in full bull mode but let panic selling freak them out.
When you have a solid portfolio with the mindset of im not touching a dime for 3-10 years then the dips have no effect on you.

Anyway it seems that GPU mining is here to stay, the threat of asic seems to have some fairly solid nails in the coffin (for memory hard coins). Bitmain the leader in asic production/development gave up trying to develop an asic and went the route of a "ready to deploy" gpu miner. Of course that means profit will be getting squeezed extra hard over the coming months..

Marvell2

full member

Activity: 1148

Merit: 132

Quote from: rdluffy on September 18, 2017, 10:05:22 AM

The market is not so volatile...
people are more volatile than anything

2 or 3 days is enough to think the whole cryptos are going to end, to stop mining etc

Cryptos up for months = cool, I love cryptos, Cryptos are the future

Cryptos down for 2 days = OMG run to the hills

yup lol , my portfolio was at 10k friday now its back too 25k

panic in a volatile market is dumb , when stuff goes down near 100 percent in a few days you have to know its irrational fear and HODL

rdluffy

legendary

Activity: 2226

Merit: 1304

The market is not so volatile...
people are more volatile than anything

2 or 3 days is enough to think the whole cryptos are going to end, to stop mining etc

Cryptos up for months = cool, I love cryptos, Cryptos are the future

Cryptos down for 2 days = OMG run to the hills

philipma1957

legendary

Activity: 4158

Merit: 8049

'The right to privacy matters'

coinbase price = 4087

maleemk

sr. member

Activity: 304

Merit: 250

On the other hand gpu mining will never die, there are lots of fishes in this pond (about 800+ and still counting) to catch.

maleemk

sr. member

Activity: 304

Merit: 250

I am very happy about the China situation regarding BTC. Its shows BTC resilience and technically this mess proves what is BTC is all about i.e, Decentralize CryptoCurrency.

killerelite

full member

Activity: 205

Merit: 100

Well yeah profitability will surely decrease but if u keep mining and holding different coins you might make a greater profit then u expected .
In my opinion price should decrease a lil so that hobby miners go away

:0

samfcoin

full member

Activity: 462

Merit: 100

Actually I don't think so, GPU mining will always survive because some people get really low cost of electricity,they will happy if someone else stop mining and will buy their cards.

philipma1957

legendary

Activity: 4158

Merit: 8049

'The right to privacy matters'

Quote from: Metroid on September 17, 2017, 04:00:35 PM

Quote from: philipma1957 on September 17, 2017, 03:45:15 PM

and my paid for 1080ti's are turning profit as I type. Grin

If you paid $700 then you are deluding yourself, based on the data and profitability since june you never even got 50% out of the $700 with it.

Yeah. You are right but I started in April .

I earn a new 1080ti every ten days for about 90 days .

I have 18 paid for 1080tis.

And they do not earn 10 to 15 a card each day anymore.

But they do earn 2 to 3 a card which is 30-50 a day

Za1n

legendary

Activity: 1078

Merit: 1011

Quote from: Johny101010 on September 17, 2017, 06:48:57 PM

Quote from: Za1n on September 17, 2017, 05:16:40 PM

Quote from: Johny101010 on September 16, 2017, 04:47:34 PM

You are 100% correct my friend. And because I like you I will buy all your 47x/48x/57x/58x for $100 each. Let me know whom do you want to use for escrow and let get this going.

Come on man. Stop scamming people. No one knows what will happen, but history has shown that as long as you mine continuously you will make ROI consistently.

Actually your very response is telling in and of itself.

You are not offering him current value for his cards of roughly $400 a piece, instead you are somewhat agreeing with his position by stating that you would only consider buying a rig in the current environment at a greater than 75% discount. If the mining outlook is so damn rosy offer him the going rate, after all "history has shown that as long as you mine continuously you will make ROI consistently".

Joke/Sarcasm

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Your head

No, I know your post was sarcastic, but that does not detract from your implication that the original poster you were relying to was a "gloom and doomer" whom you thought needed to be ridiculed. Anytime that someone points out that mining profits are getting slim and that the days of profitability may be numbered I see a bunch of trolls pounce and all yell nothing to see here, all is well, mining will live on forever, anyone who says otherwise is a fudder. I do not know if it is simply pure trolling, mass delusions, or some other hidden agenda but any serious discussion of the matter seems impossible.

Topic: If BTC doesn't close this week above $3000 gpu mining is done - page 2. (Read 2963 times)