BEAM is an underrated gem.
Next cycle will be heavily biased towards privacy... few people understand why.
Topic: Tell me your plan - page 2. (Read 581 times)
As I mentioned, you can open up CMC list and see for yourself how many PoW coins still stay at the top
A rising tide lifts all boats. What matters is whether the market cap of GPU PoW coins increases as a whole or decreases. I think it will increase over time even if PoS coins grow faster. Was the GPU mining gold rush in 2021 smaller than 2018, or bigger? I think there were at least twice as many cards.2021 was nothing like 2018 or 2014. Back then there was shortages of GPUs but you could still pre order them and get it at MSRP.
You could also get some second hand on Craigslist for a fair price. Many didn’t know what crypto was back then. Now every gamer knows he has some precious GPU and charges arm and leg for it or just mines themselves with nicehash.
Back in 2014 you had to have some knowledge of crypto to mine, these days you just download nicehash and put in your Coinbase address and you are set. No need to learn anything. Back then you had to do your homework and most were lazy.
As I mentioned, you can open up CMC list and see for yourself how many PoW coins still stay at the top
A rising tide lifts all boats. What matters is whether the market cap of GPU PoW coins increases as a whole or decreases. I think it will increase over time even if PoS coins grow faster. Was the GPU mining gold rush in 2021 smaller than 2018, or bigger? I think there were at least twice as many cards. Here is an unpopular opinion despite I was in the mining section: None of the PoW altcoins will survive in the future.
There are many people who had this opinion in past bear markets but have been proven wrong. The worst point for PoW GPU altcoins was in late 2014. So I will focus more on Bitcoin but still keep a few rigs for speculative mining.Not really. They're not CO2-o-phobiacs.
The reason people buy XRP, ADA, DOGE is because they're cheap:
https://www.alleydog.com/glossary/definition.php?term=Unit+Bias
It wasn't about CO2, bro. It was about PoW-based crypto having this diff and hashpower that attached to the coin which make any pump falls short. If you were an investor, tell me which do you prefer? A coin with a vague value that no one can grasp to invest in or a coin that every day, miners with their hashpower mine and sell it at the market price?The reason people buy XRP, ADA, DOGE is because they're cheap:
https://www.alleydog.com/glossary/definition.php?term=Unit+Bias
Proof of work can be something else, i mean not based in electricity, so at moment and as far as I can see, pow coins will be at the top of the pyramid. Anyway, the future you talk about is a vast place where things will be tested and be placed in the right time, so until the end of time, everything is replaceable.
This is something I can agree with. Right now, I can only see BTC which is at the top but no way for new PoW-based crypto to be at the top of the pyramid anymore. Market and future are ever-changing and you're right when saying everything is replaceable. This is including PoW which I saw slowly being replaced by the other non PoW-based.
i think dual miner with other coin you like is the plan.
because i think ETH will survive like BTC
because i think ETH will survive like BTC
Personally i will continue to mine eth until it is possible then i will pass to mine aion and equilibria which even if they now have a relatively low value have a good yield in mining (you get a lot of coins daily)
Here is an unpopular opinion despite I was in the mining section: None of the PoW altcoins will survive in the future.
Proof of work can be something else, i mean not based in electricity, so at moment and as far as I can see, pow coins will be at the top of the pyramid. Anyway, the future you talk about is a vast place where things will be tested and be placed in the right time, so until the end of time, everything is replaceable.
Here is an unpopular opinion despite I was in the mining section: None of the PoW altcoins will survive in the future. My reason is if you look at the market right now, most coins that stay at the top CMC have nothing to do with PoW at all. Just BTC since it was the first crypto and ETH's going to change from PoW to PoS. That clearly shows you investors don't like PoW coins anymore. You can't pump a coin if there are thousands of miners mining and selling that coin every day as long as they see a profit after ROI and electricity. So my plan is not to get any PoW coins at all if I looking for long-term investment.
Not really. They're not CO2-o-phobiacs.The reason people buy XRP, ADA, DOGE is because they're cheap:
https://www.alleydog.com/glossary/definition.php?term=Unit+Bias
Here is an unpopular opinion despite I was in the mining section: None of the PoW altcoins will survive in the future.
There are many people who had this opinion in past bear markets but have been proven wrong. The worst point for PoW GPU altcoins was in late 2014. So I will focus more on Bitcoin but still keep a few rigs for speculative mining.
Here is an unpopular opinion despite I was in the mining section: None of the PoW altcoins will survive in the future. My reason is if you look at the market right now, most coins that stay at the top CMC have nothing to do with PoW at all. Just BTC since it was the first crypto and ETH's going to change from PoW to PoS. That clearly shows you investors don't like PoW coins anymore. You can't pump a coin if there are thousands of miners mining and selling that coin every day as long as they see a profit after ROI and electricity. So my plan is not to get any PoW coins at all if I looking for long-term investment.
My plan is to stay short btc, turn off rigs when electricity cost is more then the coins mined. Use profits from short position to buy what ever miners look good, gpu or ASICS when the market bottoms.
I might consider buying many Flux coins if the price ever fall down to 0.12$ but right now I don't have interest in any investment right now, I am fully prepared though, I've stacked some stable coins in my wallet but things feel too early right now.
Why dont you take your scam somewhere.
Just report that post of him to the Moderators for spam , thats the only thing that it is and nothing more and it also has nothing to do with the topic here.I already reported it , and the next thing is that the Account last post was back in 2018 , so its possible the Account got sold or hacked.
@OP , i think that there are a few Altcoins will be survive , specialy the one mentioned from mindrust like Doge , LTC and XMR.
But ETC and some other old Coins that are still around long time now will be getting through that also.
Hive OS pool statistics are available to all users
Interesting that AMD's HiveOS market share is double their gaming discrete GPU market share. This implies that prices of Radeon video cards will crash a lot lower than GeForce. This is what I've been predicting. The RX 6800 will probably suffer the most, since it is less core-heavy than the rest. What PoW altcoins you think will survive this bear market and stand strong in 2024 when bear market is getting over with? And which altcoins would you rather mine and hold for 2024 and 2025?
The best plan is to mine ethereum or other profitable coins while you still have the opportunity. If you have read this article, then understand that it is very difficult to make plans after the end of Ethereum mining.https://bitproit.com/gpu-mining-profitability-after-ethereum-merge/
Though there is some partial truth's in that link from Bitpro.. They've neglected to input a lot of data and when at the end they offer to buy your mining rigs it's pretty laughable or am I missing something?
ETH's network is AT LEAST 50% ASIC's, probably nearer 70% yet he didn't take this into account.
There are also several (GPU minable) coins that are not on his list.
Hive OS pool statistics are available to all users and you can see that a lot of old video cards are mining Ethereum.
https://hiveon.com/statistics/
Radeon RX 580 8GB+Radeon RX 570 8GB this is almost 42% of all video cards.
What PoW altcoins you think will survive this bear market and stand strong in 2024 when bear market is getting over with? And which altcoins would you rather mine and hold for 2024 and 2025?
DOGE, XMR and LTC. These are the OG alts that survived every bear market till now. I would say ETH too but they are switching to PoS (or planning to) so don't count on ETH's PoW too much.
XMR especially shines among those 3 alts because it is the OG anonymity coin. I heard LTC is going to get similar features soon (maybe it did?) but I'd rather stick with the battle tested XMR.
What PoW altcoins you think will survive this bear market and stand strong in 2024 when bear market is getting over with? And which altcoins would you rather mine and hold for 2024 and 2025?
DOGE, XMR and LTC. These are the OG alts that survived every bear market till now. I would say ETH too but they are switching to PoS (or planning to) so don't count on ETH's PoW too much.
XMR especially shines among those 3 alts because it is the OG anonymity coin. I heard LTC is going to get similar features soon (maybe it did?) but I'd rather stick with the battle tested XMR.
I think we will see a repeat of 2015. From those who weren’t around what happened was that GPU mining was dying because it was preETH and postLTC and postDOGE. There was pretty much no profits to be made mining.
I was around back then. I see exactly the same type of market since ETH PoS will happen and it will be almost as devastating as the ASIC revolution was in 2013-2014. We won't see a repeat of 2019 as long as ETH switches to PoS. If it doesn't switch, I expect another 2019 market where GPU mining profit was OK on GRIN/RVN/BTG with nVidia cards.
I think we will see a repeat of 2015. From those who weren’t around what happened was that GPU mining was dying because it was preETH and postLTC and postDOGE. There was pretty much no profits to be made mining.
What many GPU miners did was sell their GPUs and buy BTC ASICs instead like the Antminer S5. It was much more profitable for most of 2015 until ETH gained popularity and many switched back like phil.
Most likely we will see a repeat.
What many GPU miners did was sell their GPUs and buy BTC ASICs instead like the Antminer S5. It was much more profitable for most of 2015 until ETH gained popularity and many switched back like phil.
Most likely we will see a repeat.
Jump to: