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

sr. member
Activity: 2142
Merit: 353
Xtreme Monster
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.
full member
Activity: 788
Merit: 100
Now, $3300 and Alt crash too
Capitulation?
GPU Dead?
ASIC Dead?
Miner Dead?
Crypto Dead?
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.

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. Smiley

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.
sr. member
Activity: 490
Merit: 254
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. Smiley
member
Activity: 367
Merit: 34
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.

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.
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!





legendary
Activity: 1176
Merit: 1015
BTC closed above $3000 so I'm locking this thread, will open new one before next test.
legendary
Activity: 1498
Merit: 1030
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".


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



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
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..
full member
Activity: 1148
Merit: 132
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
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

legendary
Activity: 4116
Merit: 7849
'The right to privacy matters'
coinbase price = 4087


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.
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.
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 Smiley Smiley :0
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.
legendary
Activity: 4116
Merit: 7849
'The right to privacy matters'
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
legendary
Activity: 1078
Merit: 1011
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

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

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.
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