Author

Topic: Tell me your plan (Read 587 times)

sr. member
Activity: 1666
Merit: 310
June 28, 2022, 11:51:23 AM
#52
Just wait for the next cycle (2025), mining craze will be 10 times more insane...
full member
Activity: 182
Merit: 152
June 28, 2022, 11:26:48 AM
#51
This cycle also had the craziest mark ups for GPUs i've ever seen, and with the highest ROI days ive seen. Back in 2014 you could of bought a GPU for $100 and you would basically ROI it in about 60-90 days. It was a much safer investment back then.
I concur. I used to make $8/day of revenue on a piddly $190 Radeon HD 7850 video card on LTC/DOGE. Little did I know it would be $1500/day if I HODL'd just half the coins
legendary
Activity: 3738
Merit: 1708
CoinPoker.com
June 27, 2022, 11:49:31 PM
#50
Yes back in 2014 and 2017, when you were selling GPUs you most likely were selling them to gamers. This cycle, almost every GPU i've sold was sold to a miner, even locally. Back then mining was big but not as huge as 2021.

This cycle also had the craziest mark ups for GPUs i've ever seen, and with the highest ROI days ive seen. Back in 2014 you could of bought a GPU for $100 and you would basically ROI it in about 60-90 days. It was a much safer investment back then.
legendary
Activity: 3388
Merit: 1059
June 27, 2022, 07:47:51 AM
#49
In 2015, one AMD Radeon R9 280 video card gave about 6 Ethereum coins per day. Even if I were to sell coins now, it would be millions of dollars. But then no one understood the value of these coins and miners sold them for a few tens of cents or less.

Mid 2017 a R9 280 make 0.2 eth per month...

Yeah the r9 280x was a killer GPU for Ethereum. I remember back in late 2015 and early 2016, you basically made 1 ETH per 280x per day. Keep in mind ETH was like $1-5 or so back then.

However difficulty was low, DAG was low, nobody was mining it because crypto seemed dead at the time. Those who believed in it made it out big.

Especially if they also kept their ETC which happened after the DAO hack. ETC also had some great runs in price.



I was pleasantly surprised exactly if I remember correctly one year ago or a bit more when ETC hit its all time high of 179 USD I had some 12-13 of them and I enjoyed very much selling them at that time making a really nice profit.Unfortunately for the ETH I started mining in late 2016 early 2017 where everybody or almost everybody had moved to Ethereum mining.I still keep some ETC now because who knows what the next bull run makes,why not a 1790 USD for a ETC coin,we never know what the future reserves to us.Back when mining ETH I used Nicehash then so I missed out on ETH at that time however because I kept Bitcoin I made a huge profit in February 2021 where I exchange most of it.

another fun thing back in the days, when i go shopping for new and second hand gpus, there is a sense that i'm the only one crypto mining, a few people maybe but you can't feel it around(only suspicion), there is no discussion around, there is also a sense that there might be something wrong with me(nobody understands, nobody cares about crypto)-yep, partly embarrassing because it looks like you are wasting your time on some useless shit turning you as a person into a useless shit too(so being early is no easy thing  Wink )---plugging on the internet held my crypto sanity hehe
legendary
Activity: 3136
Merit: 1233
June 27, 2022, 07:20:28 AM
#48
In 2015, one AMD Radeon R9 280 video card gave about 6 Ethereum coins per day. Even if I were to sell coins now, it would be millions of dollars. But then no one understood the value of these coins and miners sold them for a few tens of cents or less.

Mid 2017 a R9 280 make 0.2 eth per month...

Yeah the r9 280x was a killer GPU for Ethereum. I remember back in late 2015 and early 2016, you basically made 1 ETH per 280x per day. Keep in mind ETH was like $1-5 or so back then.

However difficulty was low, DAG was low, nobody was mining it because crypto seemed dead at the time. Those who believed in it made it out big.

Especially if they also kept their ETC which happened after the DAO hack. ETC also had some great runs in price.



I was pleasantly surprised exactly if I remember correctly one year ago or a bit more when ETC hit its all time high of 179 USD I had some 12-13 of them and I enjoyed very much selling them at that time making a really nice profit.Unfortunately for the ETH I started mining in late 2016 early 2017 where everybody or almost everybody had moved to Ethereum mining.I still keep some ETC now because who knows what the next bull run makes,why not a 1790 USD for a ETC coin,we never know what the future reserves to us.Back when mining ETH I used Nicehash then so I missed out on ETH at that time however because I kept Bitcoin I made a huge profit in February 2021 where I exchange most of it.
member
Activity: 280
Merit: 10
June 25, 2022, 03:01:37 AM
#47
In 2015, one AMD Radeon R9 280 video card gave about 6 Ethereum coins per day. Even if I were to sell coins now, it would be millions of dollars. But then no one understood the value of these coins and miners sold them for a few tens of cents or less.

Mid 2017 a R9 280 make 0.2 eth per month...

Yeah the r9 280x was a killer GPU for Ethereum. I remember back in late 2015 and early 2016, you basically made 1 ETH per 280x per day. Keep in mind ETH was like $1-5 or so back then.

However difficulty was low, DAG was low, nobody was mining it because crypto seemed dead at the time. Those who believed in it made it out big.

Especially if they also kept their ETC which happened after the DAO hack. ETC also had some great runs in price.


Maybe one day Ergo and Flux will be big someday and we will look back and say Ergo was once 2$ and Flux was once 0.54$ where you can mine one coin per day with a GTX 1660Super, nobody knows.
legendary
Activity: 3738
Merit: 1708
CoinPoker.com
June 24, 2022, 11:40:56 PM
#46
In 2015, one AMD Radeon R9 280 video card gave about 6 Ethereum coins per day. Even if I were to sell coins now, it would be millions of dollars. But then no one understood the value of these coins and miners sold them for a few tens of cents or less.

Mid 2017 a R9 280 make 0.2 eth per month...

Yeah the r9 280x was a killer GPU for Ethereum. I remember back in late 2015 and early 2016, you basically made 1 ETH per 280x per day. Keep in mind ETH was like $1-5 or so back then.

However difficulty was low, DAG was low, nobody was mining it because crypto seemed dead at the time. Those who believed in it made it out big.

Especially if they also kept their ETC which happened after the DAO hack. ETC also had some great runs in price.

full member
Activity: 182
Merit: 152
June 24, 2022, 09:34:47 PM
#45
I remember why then the miners sold their coins. Nobody believed in the growth of the cryptocurrency price and at any moment you could lose a good profit. I sold ethereum and bought video cards. Banks did not block debit cards, after the exchange I immediately bought components for the mining farm.
When I started to mine LTC/DOGE I was too young to have a bank account or credit card... so I bought Newegg gift cards with BTC then used the gift cards to order PC components, LOL.

The reason miners have never gotten as rich as the buy & HODL folks is because miners are motivated by short-term profit and 'ROI'. However, times are changing. Now that we've had 2 gold rushes and crypto got to the trillion mark, more miners are saving their coins.

RIOT/Whinstone, the biggest miner in the world, might have suffered after the Bitcoins they owned dropped in value, but I think they will be really successful in the long run because they believe in BTC.
legendary
Activity: 1610
Merit: 1026
June 24, 2022, 01:48:16 PM
#44
In 2015, one AMD Radeon R9 280 video card gave about 6 Ethereum coins per day. Even if I were to sell coins now, it would be millions of dollars. But then no one understood the value of these coins and miners sold them for a few tens of cents or less.
This is why the get-rich-quick 'miner bro' types who just install Nicehash on Windows then immediately sell their coins for fiat $ will lose in the long run. Mining is supposed to be a long-term venture where miners have confidence in the coin and HODL the coin because it's cheaper to mine them than to buy them. It took until 2019 for me to learn that lesson.
I remember why then the miners sold their coins. Nobody believed in the growth of the cryptocurrency price and at any moment you could lose a good profit. I sold ethereum and bought video cards. Banks did not block debit cards, after the exchange I immediately bought components for the mining farm.
full member
Activity: 182
Merit: 152
June 23, 2022, 11:59:37 PM
#43
What the heck? That's a very sad story, you need to get rid of this from your mind and move on, that's a tough lesson indeed, if this happened to me I won't feel good at all unless a machine from the future wiped that part of the memory off my head.
I have moved on from that story because nobody could have predicted that a shibe meme coin was going to be worth so much 7 years later.
member
Activity: 234
Merit: 35
Moon.win
June 23, 2022, 01:31:55 PM
#42
When shelves were empty, the crypto mining went bust very quickly. By spring there was no profits to be made pretty much. The shortages were maybe 2-3 months long.
That was definitely a quick gold rush. I remember buying an R9 270 card for 40-50% above MSRP. I wish I kept mining during that bear market... at the time, I never thought the 2000 DOGE I got every hour would be worth $2000 someday. The coins I mined would be worth $3.6m if I sold them for half the ATH.
What the heck? That's a very sad story, you need to get rid of this from your mind and move on, that's a tough lesson indeed, if this happened to me I won't feel good at all unless a machine from the future wiped that part of the memory off my head.
member
Activity: 208
Merit: 46
June 23, 2022, 11:58:32 AM
#41
In 2015, one AMD Radeon R9 280 video card gave about 6 Ethereum coins per day. Even if I were to sell coins now, it would be millions of dollars. But then no one understood the value of these coins and miners sold them for a few tens of cents or less.

Mid 2017 a R9 280 make 0.2 eth per month...
full member
Activity: 182
Merit: 152
June 23, 2022, 10:54:24 AM
#40
In 2015, one AMD Radeon R9 280 video card gave about 6 Ethereum coins per day. Even if I were to sell coins now, it would be millions of dollars. But then no one understood the value of these coins and miners sold them for a few tens of cents or less.
This is why the get-rich-quick 'miner bro' types who just install Nicehash on Windows then immediately sell their coins for fiat $ will lose in the long run. Mining is supposed to be a long-term venture where miners have confidence in the coin and HODL the coin because it's cheaper to mine them than to buy them. It took until 2019 for me to learn that lesson.
legendary
Activity: 1610
Merit: 1026
June 23, 2022, 10:24:43 AM
#39
In 2015, one AMD Radeon R9 280 video card gave about 6 Ethereum coins per day. Even if I were to sell coins now, it would be millions of dollars. But then no one understood the value of these coins and miners sold them for a few tens of cents or less.
full member
Activity: 182
Merit: 152
June 23, 2022, 12:43:12 AM
#38
When shelves were empty, the crypto mining went bust very quickly. By spring there was no profits to be made pretty much. The shortages were maybe 2-3 months long.
That was definitely a quick gold rush. I remember buying an R9 270 card for 40-50% above MSRP. I wish I kept mining during that bear market... at the time, I never thought the 2000 DOGE I got every hour would be worth $2000 someday. The coins I mined would be worth $3.6m if I sold them for half the ATH.
legendary
Activity: 3738
Merit: 1708
CoinPoker.com
June 22, 2022, 11:16:12 PM
#37
From what I remember AMD GPUs never were selling for 2x MSRP back in 2014. I remember there was shortages and maybe a few scalpers selling for $100 extra profit however it wasn’t like it was in 2021.

Back then you would get alerts when they had in stock for GPUs on certain computer websites and you would buy one ASAP at MSRP it was never marked up.

When shelves were empty, the crypto mining went bust very quickly. By spring there was no profits to be made pretty much. The shortages were maybe 2-3 months long.
legendary
Activity: 1610
Merit: 1026
June 22, 2022, 02:13:45 PM
#36
BEAM is an underrated gem.

Next cycle will be heavily biased towards privacy... few people understand why.
I also mined this gem instead of ethereum for several months. And I really regret that I didn’t sell this useless shitcoin for a dollar. Now the price of this coin is 12 cents. If I have the opportunity to sell this coin for a dollar, then I will do it and forget about it.
full member
Activity: 182
Merit: 152
June 21, 2022, 04:25:02 PM
#35
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.
Video card prices

2014: 2x MSRP for AMD, MSRP for nVidia
2018: 2x MSRP for AMD, 1.5x MSRP for nVidia
2021: 3x MSRP for AMD, 3x MSRP for nVidia

PoW permabears will argue that when ETH goes PoS, 'GPU mining will be dead' but when considering a 10x increase in price in the future, the other GPU coins will eventually make up for the loss of ETH block rewards. Mining will never be as big as it was during 2021, but enough to sustain enthusiasts like us. If PoS happens today, there will be a total mining crash, but not during the next gold rush.

I am a PoW bear for 2022, but a bull for 2023+
member
Activity: 208
Merit: 46
June 21, 2022, 02:52:23 PM
#34
My plan is keep mining.
member
Activity: 368
Merit: 15
June 21, 2022, 01:33:29 PM
#33
12 cent per Flux looks too cheap and unrealistic to me, do not sit and wait for such price per flux it's better to start accumulating bit by bit, BTC just recover to 23000$ today and even Ethereum is now at 1200$ again, I wasn't expecting that fast recovery, some are saying we already hit the bottom.
sr. member
Activity: 1666
Merit: 310
June 21, 2022, 09:16:01 AM
#32
BEAM is an underrated gem.

Next cycle will be heavily biased towards privacy... few people understand why.
legendary
Activity: 3738
Merit: 1708
CoinPoker.com
June 20, 2022, 11:32:15 PM
#31
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.
full member
Activity: 182
Merit: 152
June 20, 2022, 11:26:20 PM
#30
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.
full member
Activity: 396
Merit: 106
June 20, 2022, 02:38:54 PM
#29
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.
Oh, I agree with you on many things you've posted in this section, Coinfarm ventures. This one, you've to agree with me. PoW-based crypto isn't the trend anymore and it doesn't take a fool to see that. As I mentioned, you can open up CMC list and see for yourself how many PoW coins still stay at the top and how many new coins that were un-mineable slowly take up the CMC, and push PoW coins out.

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?

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.
jr. member
Activity: 297
Merit: 3
June 20, 2022, 02:12:31 PM
#28
i think dual miner with other coin you like is the plan.

because i think ETH will survive like BTC
member
Activity: 759
Merit: 15
June 19, 2022, 03:30:16 PM
#27
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)
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
June 19, 2022, 10:38:17 AM
#26
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.
sr. member
Activity: 1666
Merit: 310
June 19, 2022, 10:26:24 AM
#25
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
full member
Activity: 182
Merit: 152
June 18, 2022, 04:23:01 PM
#24
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.
full member
Activity: 396
Merit: 106
June 18, 2022, 03:23:08 PM
#23
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.
member
Activity: 449
Merit: 24
June 17, 2022, 02:34:30 PM
#22
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.
member
Activity: 130
Merit: 11
June 17, 2022, 02:07:32 PM
#21
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.
legendary
Activity: 2996
Merit: 3114
June 16, 2022, 03:52:35 PM
#20
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.
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
June 16, 2022, 03:23:03 PM
#19
.......


Why dont you take your scam somewhere.
full member
Activity: 182
Merit: 152
June 16, 2022, 02:08:49 PM
#18
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.
legendary
Activity: 1610
Merit: 1026
June 16, 2022, 09:55:19 AM
#17
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.
Where did you get the data about ASICs?
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.
sr. member
Activity: 686
Merit: 403
June 16, 2022, 05:27:06 AM
#16
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.
Its been postponed for another six to eight months in belief and that's enough time to keep mining Ethereum, right now no other coin beats Ethereum mining, has less power consumption and is more profitable than others.
legendary
Activity: 3276
Merit: 2442
June 16, 2022, 12:21:09 AM
#15
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.
full member
Activity: 182
Merit: 152
June 16, 2022, 12:12:09 AM
#14
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.
legendary
Activity: 3738
Merit: 1708
CoinPoker.com
June 15, 2022, 11:55:07 PM
#13
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.
full member
Activity: 182
Merit: 152
June 15, 2022, 09:58:13 PM
#12
99% it will likely happen that 70%, even 50% is possible, intel is coming with millions of gpus this year, nvidia and amd is also coming with millions and plus millions of people selling millions of second hand gpus eheh, there are not enough buyers for them all, the greatest gpu depression is coming this year, trust me. This is going to be insane.
I will buy more video cards as prices fall hehehee, but 70% will be my starting point. 70% = 2 rigs, 60% = 4 rigs, 50% = 8 rigs, 40% = 16 rigs ehehe.

None of the morons on Reddit thought I was insane when I said 'RTX 3090's will eventually cost just $500', but so far I'm winning the bet hehee, the latest eBay price is just $1000, it was $1100 only yesterday. RTX 3090's used to cost $3000, eheehee.
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
June 15, 2022, 09:42:37 PM
#11
That is the lesson I learned last time. This time, I have all the components ready to go for 6 or 7 rigs, except for the video cards. I will start buying video cards at 70% of MSRP or lower.

99% it will likely happen that 70%, even 50% is possible, intel is coming with millions of gpus this year, nvidia and amd is also coming with millions and plus millions of people selling millions of second hand gpus eheh, there are not enough buyers for them all, the greatest gpu depression is coming this year, trust me. This is going to be insane.
full member
Activity: 182
Merit: 152
June 15, 2022, 08:45:19 PM
#10
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.
BitPro Crypto is funny because their feeBay store used to be called 'BitPro' but then they changed the name to 'Respec.io' probably because of the stigma from gamers.

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?
Very simple: mine. the. most. profitable. coin. then trade it for the coins you want to HODL.

I think the end of the bear market will ultimately come when the next economic crisis happens and the Federal Reserve cuts interest rates to 0% again.

I was mining at a big loss at 2018 but those amount of Bitcoin I mined were precious to me in February 2021,I am repeating that plan,keep mining at a loss and wait a couple of years to get huge benefits.
That is the lesson I learned last time. This time, I have all the components ready to go for 6 or 7 rigs, except for the video cards. I will start buying video cards at 70% of MSRP or lower.
legendary
Activity: 3136
Merit: 1233
June 15, 2022, 04:07:39 PM
#9
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 plan is simple.As long as you can mine with your setup do so as Ethereum PoS is long far away from us no matter what you read in the news and no matter that they did the merge testnet as of late.The Ethereum developers know that if they move to PoS may be a deadly move against Ethereum so the minimum they will do is to extend the PoS as further away as possible.

Mining now can make you huge amounts as I have said many times in this section in different threads,I was mining at a big loss at 2018 but those amount of Bitcoin I mined were precious to me in February 2021,I am repeating that plan,keep mining at a loss and wait a couple of years to get huge benefits.
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
June 15, 2022, 02:49:57 PM
#8
My plan, wait btc to crash below 10k and then put 60% of all my money into it.
What the f? Metroid what do you see that makes you think that BTC will go lower to 10k in this bear market? The first person I heard this from is the Cardano CEO lol, I never thought you are thinking the same thing.. My target is 13,000$ and I think its very possible.

2020, BTC never hit that CME gap at 9600 usd. So I said when btc was 10k and trolls were expecting it to crash below 10k and I said that BTC will go to 79k then crash to hit that CME gap of 9.6k. BTC hit 69k which was 10k lower than what I thought it would be, so that was 15% margin of error, maybe this time will be another 15% of error too? I wonder. I know when to buy and this will get worse worse and worse before it gets better. I still think will be a last bulltrap before btc crashes and we see the true bottom.
member
Activity: 263
Merit: 15
June 15, 2022, 02:25:33 PM
#7
My plan, wait btc to crash below 10k and then put 60% of all my money into it.
What the f? Metroid what do you see that makes you think that BTC will go lower to 10k in this bear market? The first person I heard this from is the Cardano CEO lol, I never thought you are thinking the same thing.. My target is 13,000$ and I think its very possible.
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
June 15, 2022, 02:11:28 PM
#6
My plan, wait btc to crash below 10k and then put 60% of all my money into it.
member
Activity: 271
Merit: 14
June 15, 2022, 02:05:52 PM
#5
Ethereum merge isn't happening any time soon which makes me feel like its a good thing, at least even if miming profitable isn't good any more ETH mining will still remain the best as other algorithms takes more electricity than Ethereum, I will stick with ETH mining instead.
legendary
Activity: 3388
Merit: 1059
June 15, 2022, 04:28:09 AM
#4
The plan is there is something you can do/talk/engage outside of crypto, you will get bored, you won't earn enough to make it worth your time.

...if you can mine, then stability is king because it is not worth your time(set and forget setup)..
jr. member
Activity: 306
Merit: 2
June 15, 2022, 04:17:56 AM
#3
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.
legendary
Activity: 1610
Merit: 1026
June 15, 2022, 04:08:09 AM
#2
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/
sr. member
Activity: 714
Merit: 296
Cashback 15%
June 15, 2022, 01:54:05 AM
#1
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?
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