Real miners never give up. - page 2.

Metroid

sr. member

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Xtreme Monster

Quote from: Cuda911 on April 01, 2022, 09:40:48 AM

Looks like BTC will still face some upcoming wars in future because this can't keep going, once the rumours are everywhere that even the government and politicians are using crypto to rob people and embezzled money things won't look nice anymore.

Bitcoin and every coin will die if they dont follow what govs want. The mafia will always win, right now cryptos are walking without any regulation because there is not a single power that controls everything yet but we will have that and then no more freedom.

Cuda911

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Activity: 110

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Quote from: Metroid on April 01, 2022, 09:24:14 AM

Quote from: Outhue on April 01, 2022, 07:52:07 AM

This is why regulation is a must but since crypto existence is to make decentralisation works it may be hard for crypto to get fully regulated.

That is the issue, very hard to regulate every country in the world, plus crypto was created for this reason, privacy, nobody knows what you have. Although few coins follow that principle, not even bitcoin itself follows that.

Looks like BTC will still face some upcoming wars in future because this can't keep going, once the rumours are everywhere that even the government and politicians are using crypto to rob people and embezzled money things won't look nice anymore.

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: Outhue on April 01, 2022, 07:52:07 AM

This is why regulation is a must but since crypto existence is to make decentralisation works it may be hard for crypto to get fully regulated.

That is the issue, very hard to regulate every country in the world, plus crypto was created for this reason, privacy, nobody knows what you have. Although few coins follow that principle, not even bitcoin itself follows that.

Outhue

hero member

Activity: 686

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DGbet.fun - Crypto Sportsbook

Quote from: Metroid on April 01, 2022, 07:31:42 AM

Quote from: arielbit on April 01, 2022, 05:00:57 AM

there are other instances where you might still continue mining if 0 profit besides from speculation

- having coins that are completely non-KYC / anonymity

- not having to bother with fiat transfers for buying coins / tx fees

anyway profit should be good enough for the hassle so there is no way around expensive electricity cost, just don't mine if that is your situation.

I think the most important reason people are still overpaying for btc is corruption, they take illegal money from government offices and buy cryptos, governments can't trace many cryptos, then they flee the country and use cryptos for early retirement hehe

This is why regulation is a must but since crypto existence is to make decentralisation works it may be hard for crypto to get fully regulated.

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: arielbit on April 01, 2022, 05:00:57 AM

there are other instances where you might still continue mining if 0 profit besides from speculation

- having coins that are completely non-KYC / anonymity

- not having to bother with fiat transfers for buying coins / tx fees

anyway profit should be good enough for the hassle so there is no way around expensive electricity cost, just don't mine if that is your situation.

I think the most important reason people are still overpaying for btc is corruption, they take illegal money from government offices and buy cryptos, governments can't trace many cryptos, then they flee the country and use cryptos for early retirement hehe

arielbit

legendary

Activity: 3444

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Quote from: JangoUnchained on April 01, 2022, 04:14:40 AM

Quote from: Metroid on April 01, 2022, 04:08:53 AM

Quote from: StormHawk on April 01, 2022, 02:35:30 AM

No miners have the plan of giving up until the electricity bill is taking all the 99% profits they are earning every day, they have no choice but to give up, I understand that the best time to accumulate some coins is in a bear market but if bills are high it makes no sense.

By buying coins right? because is proven that mining in bear market is mining at loss.

Correct, unless they have access to 100% free electricity which isn't even possible, using the grid power illegally has big consequences so I advise against this act, mine if you have solar panels or don't mine at all.

there are other instances where you might still continue mining if 0 profit besides from speculation

- having coins that are completely non-KYC / anonymity

- not having to bother with fiat transfers for buying coins / tx fees

anyway profit should be good enough for the hassle so there is no way around expensive electricity cost, just don't mine if that is your situation.

JangoUnchained

member

Activity: 185

Merit: 14

Quote from: Metroid on April 01, 2022, 04:08:53 AM

Quote from: StormHawk on April 01, 2022, 02:35:30 AM

No miners have the plan of giving up until the electricity bill is taking all the 99% profits they are earning every day, they have no choice but to give up, I understand that the best time to accumulate some coins is in a bear market but if bills are high it makes no sense.

By buying coins right? because is proven that mining in bear market is mining at loss.

Correct, unless they have access to 100% free electricity which isn't even possible, using the grid power illegally has big consequences so I advise against this act, mine if you have solar panels or don't mine at all.

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: StormHawk on April 01, 2022, 02:35:30 AM

No miners have the plan of giving up until the electricity bill is taking all the 99% profits they are earning every day, they have no choice but to give up, I understand that the best time to accumulate some coins is in a bear market but if bills are high it makes no sense.

By buying coins right? because is proven that mining in bear market is mining at loss.

StormHawk

member

Activity: 220

Merit: 12

No miners have the plan of giving up until the electricity bill is taking all the 99% profits they are earning every day, they have no choice but to give up, I understand that the best time to accumulate some coins is in a bear market but if bills are high it makes no sense.

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: Salamande on March 31, 2022, 11:11:45 AM

Since last november I read here daily and since that time you always post about the last bulltrap before bear....like a broken record.

ehhe, the broken record got at least right 95.9%, they say the broken record gets right 50% of time. So it seems this is not a broken record ehhe, anyway i wished I listened more to what I said, sometimes I say and I dont do what needs to be done.

Crypt0Gore

sr. member

Activity: 952

Merit: 275

Quote from: MetaMii on March 31, 2022, 05:49:29 AM

I still haven't figured out why ZIL pumped this much, any updates on development or what? Any way congrats to those that held this coin all along I wish my turn will come someday too.

Follow their twitter channel to learn more about this ZIL project, I read online that they are going metaverse too, something called metropolis or so I'm not so sure but find their twitter channel through coinmarketcap, this is why the price pumped.

Salamande

jr. member

Activity: 70

Merit: 4

Quote from: Metroid on March 31, 2022, 06:33:07 AM

Quote from: MetaMii on March 31, 2022, 05:49:29 AM

I still haven't figured out why ZIL pumped this much, any updates on development or what? Any way congrats to those that held this coin all along I wish my turn will come someday too.

Nothing at all, this is likely because the eth merger is getting closer and closer, scammers will be pumping coins before anybody else in hopes that will trigger idiots into buying coins at the top or close to it, trapping them. Trolls should be very careful here, i think this will be big pumps and then big dumps and then bear market and then starting 2024, bull market starting again. I guess this is the last bulltrap scammers will do, anyway, nothing wrong playing the game, just invest a little, only what you can afford to lose.

Since last november I read here daily and since that time you always post about the last bulltrap before bear....like a broken record.

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: MetaMii on March 31, 2022, 05:49:29 AM

I still haven't figured out why ZIL pumped this much, any updates on development or what? Any way congrats to those that held this coin all along I wish my turn will come someday too.

Nothing at all, this is likely because the eth merger is getting closer and closer, scammers will be pumping coins before anybody else in hopes that will trigger idiots into buying coins at the top or close to it, trapping them. Trolls should be very careful here, i think this will be big pumps and then big dumps and then bear market and then starting 2024, bull market starting again. I guess this is the last bulltrap scammers will do, anyway, nothing wrong playing the game, just invest a little, only what you can afford to lose.

MetaMii

member

Activity: 65

Merit: 12

I still haven't figured out why ZIL pumped this much, any updates on development or what? Any way congrats to those that held this coin all along I wish my turn will come someday too.

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

This is amazing, I had a million dollar sell order at 0.1989 on zil and it just hit, incredible ehhe, you trolls really love helping me out hehe, Thanks for whoever let me know about this amazing zil pump and for whoever pumped it hehe, incredible eheh, I just checked my account on binance ehhe, now I just need my ravencoin and eth sell order to hit, not sure if they hit, because I set them very high hehe, well we never know, this zil pump made me a happy believer man ehhe, from 0.04 to all the way to 0.1989 it was an amazing pump hehe, sometimes you win sometimes you lose, last time I had an eth sell order at 4890 usd and it got very close at 4830 and it did not hit then I saw it crashing to 2300 usd. It seems luck was on my side now ehhe

Next strategy is, use this money to buy other altcoins that were not pumped yet, last time zil was the first to be pumped too, maybe there is a correlation here.

YellowSwap

member

Activity: 201

Merit: 31

KUWA.ai

Quote from: DevFile90 on March 30, 2022, 01:58:31 PM

A big Congrats goes to all miners that kept mining Zilliqa coin even when it's not the most profitable coin to mine all this while, like I always said mining isn't a get rich quick way of making money that's its not for everyone, mine the good coins and hold, the reward is in future. Congrats 👏 once again ZIL made it to 0.17$.

This isn't a real mining its mining at a big loss, I won't switch my rig to ZIL unless its the most profitable to mine at the moment, since how many years now I've never seen ZIL mining taking the lead on whattomine dot com or other calculators, only those that mine ETH + ZIL are lucky right now.

GEMIN_M4

member

Activity: 237

Merit: 19

ZIL isn't the most profitable I wonder why anyone would mine this coin instead of mining Ethereum and exchange the ETH for ZIL, this will give you more quantities of ZIL, as a real miner always mine the most profitable coin first before anything else.

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

This is not called real miners, this is called real losers, people keep mining a coin because they need to protect that hashrate because they already have a lot invested on it. The real losers trying very hard not to be even big losers because if the hashrate drops, a 51% attack on it is closer and closer and then gameover. Real miners mine what is most profitable because in the end of the day they have bills to pay.

adaseb

legendary

Activity: 3808

Merit: 1723

I remember years ago when ETH forked. So there was the original ETH chain which is called ETC now and there was the forked one which is ETH now.

I was renting my rigs out back then and I found it odd why people were paying money to mine the old dead chain. However word got out that there is an Ethereum classic coming and people started to mine it very quickly.

So if you still kept mining it on the old chain you would of been very rich since barely anyone was mining it at that time. The fact that the coin is still alive and well after all these years is amazing.

Coinfarm ventures

full member

Activity: 182

Merit: 152

Quote from: DevFile90 on March 30, 2022, 01:58:31 PM

A big Congrats goes to all miners that kept mining Zilliqa coin even when it's not the most profitable coin to mine all this while, like I always said mining isn't a get rich quick way of making money that's its not for everyone, mine the good coins and hold, the reward is in future. Congrats 👏 once again ZIL made it to 0.17$.

You know that you could've mined the most profitable coin, sold that coin, then used the funds to buy ZIL... you would've gotten even more ZIL as a result. Unless difficulty was very low on ZIL and you really believed in the coin.

Topic: Real miners never give up. - page 2. (Read 536 times)