Topic: this is a bear market,what's mining is better to get an income? (Read 287 times)
Nvidia is probably delaying the sale of the 4090 video card because many 3090 and 3090ti video cards are not yet sold out and are in store stock. For other video cards, the price does not change, because they are in great demand among miners and gamers.
Yeah, this time around will be worse than when btc mining went to asic only, actually this eth merger will be the pinnacle of the worst so far in gpu crypo mining. GPU's will crash so hard, even nvidia is scared about it hehe and already said it will delay the 4xxx series.
Nvidia will probably delay 4xxx series, but not only that, the company will reduce some prices os the current generation
An estimative:
Source: https://www.tomshardware.com/news/nvidia-geforce-rtx-30-price-cuts
It's a huge discount on 3090ti, and I believe the prices on stores could be even less due to demand and supply
Now miners are selling cards and buyers are enjoying good prices, there are a lot of used cards with less than 1 year of use with 50% price of MSRP here in my country
This is the question everyone wants answers on. Just buy crypto, or buy hardware and mine crypto. In the long run I think mining has worked out but past success doesn't ensure future success. Just stick by the rule don't put in more than you can lose and you shoukd end up fine on the others ide of the results. Either way good luck.
Yeah, this time around will be worse than when btc mining went to asic only, actually this eth merger will be the pinnacle of the worst so far in gpu crypo mining. GPU's will crash so hard, even nvidia is scared about it hehe and already said it will delay the 4xxx series.
Currently,crypto enter into a bear market,my token is down up,and it not the best time to buy ETH/BTC/UNI...token,i want to ask mining is okay?what's mining is better to get an income,i hope the project have income so that can give some benefit to mining users,anyone can recomand to me?
This is the question everyone wants answers on. Just buy crypto, or buy hardware and mine crypto. In the long run I think mining has worked out but past success doesn't ensure future success. Just stick by the rule don't put in more than you can lose and you shoukd end up fine on the others ide of the results. Either way good luck.
Currently,crypto enter into a bear market,my token is down up,and it not the best time to buy ETH/BTC/UNI...token,i want to ask mining is okay?what's mining is better to get an income,i hope the project have income so that can give some benefit to mining users,anyone can recomand to me?
According to this article[1] the best coin to mine in this bear market is the following
List Of The Best Cryptocurrencies To Mine
Here is the list of popular Cryptocurrencies to mine:
ECOS
Vertcoin
Grin
Monero
ZCash
Ravencoin
Haven Protocol
Ethereum Classic
Litecoin
Ethereum
Monacoin
Bitcoin Gold
Aeternity
You can read the details on the link[1] below
You can also find the list of POW cryptocurrency with their profitability percentage in this site[2]
[1] https://www.softwaretestinghelp.com/best-cryptocurrency-to-mine/
[2] https://whattomine.com/
Sure there are plenty of POW coins to mine. However go look up the profitability of most of those coins. You will find it to be awful.
Just because it’s mineable doesn’t mean it’ll be profitable. The miner supply is very small and every miner wants a cut of it. And if the coin has a small market cap you are making very little.
You are also competing against those that got free power and will mine pretty much anything.
Just because it’s mineable doesn’t mean it’ll be profitable. The miner supply is very small and every miner wants a cut of it. And if the coin has a small market cap you are making very little.
You are also competing against those that got free power and will mine pretty much anything.
Currently,crypto enter into a bear market,my token is down up,and it not the best time to buy ETH/BTC/UNI...token,i want to ask mining is okay?what's mining is better to get an income,i hope the project have income so that can give some benefit to mining users,anyone can recomand to me?
According to this article[1] the best coin to mine in this bear market is the following
List Of The Best Cryptocurrencies To Mine
Here is the list of popular Cryptocurrencies to mine:
ECOS
Vertcoin
Grin
Monero
ZCash
Ravencoin
Haven Protocol
Ethereum Classic
Litecoin
Ethereum
Monacoin
Bitcoin Gold
Aeternity
You can read the details on the link[1] below
You can also find the list of POW cryptocurrency with their profitability percentage in this site[2]
[1] https://www.softwaretestinghelp.com/best-cryptocurrency-to-mine/
[2] https://whattomine.com/
If OP is like me, just an average guy without much knolowdge of trading, it's better to do dca and buy some coins now, some coins in a month etc
Yes but the difference in profit is mind blowing, I bought for 80 - 100 usd and sold for 1500 usd, that is almost 20x profit, if I had bought for $600, I would have sold for the same 1500 usd, so it would have been only almost 3x.
Building a mining rig of a minimum of 400 Mhsh will bring you like 8 USD net profit a day or 240 USD monthly mining Ethereum,you can receive the payout in any coin that you want.For me it is still worth to build such a mining rig nowadays with the prices of video cards going down every single day,it is a good moment to buy gear and start mining.
Personally I think that no one thinks that Raptoreum maybe who can be mined with the CPU or can be bought for extremely cheap like near 50.000 coins for just more than 100 dollars and imagine if the road of this coin is similar to that of Monero,like going to more than 50 dollars or more than 100 dollars,this can be a life changing event,so I suggest anyone to buy if not 50.000 Raptoreum at least 10.000 for a mere 20 dollars and who knows this may be the best 20 dollars you had ever spent after 2-3 years.
Personally I think that no one thinks that Raptoreum maybe who can be mined with the CPU or can be bought for extremely cheap like near 50.000 coins for just more than 100 dollars and imagine if the road of this coin is similar to that of Monero,like going to more than 50 dollars or more than 100 dollars,this can be a life changing event,so I suggest anyone to buy if not 50.000 Raptoreum at least 10.000 for a mere 20 dollars and who knows this may be the best 20 dollars you had ever spent after 2-3 years.
This time I disagree with you, we are in a bear market, but yes, there's more room to dig even more in a bear...
In 2018 if I had listened to the people who said is already bear market I would not have bought eth at 80 - 100 usd, I would have bought eth at $600 usd. There is a reason why I got the bottom in 2018. This time will be no different and that is what I think.
Even with ETH 600 USD you would make a great profit
, but the point is, it's better to do DCA than try to catch the exact bottomHow many like you can catch the bottom?
Only a few...
If OP is like me, just an average guy without much knolowdge of trading, it's better to do dca and buy some coins now, some coins in a month etc
Bear market or not. I don’t think now is the correct time for a bottom. I think we will trade sideways until end of Summer and sometime in either late Oct/Nov/Dec we will bottom out.
Price can be $20K then or maybe $15K. Most of the market bottoms were during periods of extreme chop and most gave up out of foredom.
I also think the market will go sideways and miners will have a stable profit for at least till the end of this quarter. But that may change because of the migration of ETH to PoS and ditching PoW right around August/September.Price can be $20K then or maybe $15K. Most of the market bottoms were during periods of extreme chop and most gave up out of foredom.
Maybe we would see ETH price against the trend coming out from it? Alternative coins to be a replacement for ETH PoW are also an interesting change in that sideways market. Won't be too boring at least for the miners, see?
agree with you,maybe the price will be dump again.
for me,i need to research on where the yield is coming from before staking,i thing it is very important.
if the protocol charge gas fee and this is the source of staking reward,then i will count the amount of gas fee,so that i can know that what's the real reward and apy.
There is more profit in mining. Even now there is equipment with a payback of 6 months, even in the worst case scenario it is 12-15 months. This is better than mining unknown shitcoins, the price of which is unstable and can nullify all your profit. for me,i need to research on where the yield is coming from before staking,i thing it is very important.
if the protocol charge gas fee and this is the source of staking reward,then i will count the amount of gas fee,so that i can know that what's the real reward and apy.
agree with you,maybe the price will be dump again.
for me,i need to research on where the yield is coming from before staking,i thing it is very important.
if the protocol charge gas fee and this is the source of staking reward,then i will count the amount of gas fee,so that i can know that what's the real reward and apy.
for me,i need to research on where the yield is coming from before staking,i thing it is very important.
if the protocol charge gas fee and this is the source of staking reward,then i will count the amount of gas fee,so that i can know that what's the real reward and apy.
Bear market or not. I don’t think now is the correct time for a bottom. I think we will trade sideways until end of Summer and sometime in either late Oct/Nov/Dec we will bottom out.
Price can be $20K then or maybe $15K. Most of the market bottoms were during periods of extreme chop and most gave up out of foredom.
Price can be $20K then or maybe $15K. Most of the market bottoms were during periods of extreme chop and most gave up out of foredom.
This time I disagree with you, we are in a bear market, but yes, there's more room to dig even more in a bear...
In 2018 if I had listened to the people who said is already bear market I would not have bought eth at 80 - 100 usd, I would have bought eth at $600 usd. There is a reason why I got the bottom in 2018. This time will be no different and that is what I think.
Currently,crypto enter into a bear market,my token is down up,and it not the best time to buy ETH/BTC/UNI...token,i want to ask mining is okay?what's mining is better to get an income,i hope the project have income so that can give some benefit to mining users,anyone can recomand to me?
Passive income seems to be the lure that shitcoins are using these days to get your money. They promise massive interest on coins in order to get your money, but a 50% interest rate doesn't do much when the coin is crashing. So many people see a yield and throw in their money without even knowing where the yield is coming from. 9 times out of 10, they're just dumping their coins on you in the form of yield while they already got your money when you bought in. I know Bitcoin is boring because there's no yield, but eventually when you've figured out that YOU are the yield, you will smarten up and look for a strong currency instead of a big yield.
Currently,crypto enter into a bear market,my token is down up,and it not the best time to buy ETH/BTC/UNI...token,i want to ask mining is okay?what's mining is better to get an income,i hope the project have income so that can give some benefit to mining users,anyone can recomand to me?
Mining brings little income, the payback for ASICs and video cards is high, and when Ethereum mining ends, it will be even worse. If you have inexpensive electricity, then you might consider mining. But now there is no need to rush to buy mining equipment, because it will cost even less. This is not a bear market, this is a pre bear market, bear market is after this pre bear market, heads will roll.
This time I disagree with you, we are in a bear market, but yes, there's more room to dig even more in a bear...
Currently,crypto enter into a bear market,my token is down up,and it not the best time to buy ETH/BTC/UNI...token,i want to ask mining is okay?what's mining is better to get an income,i hope the project have income so that can give some benefit to mining users,anyone can recomand to me?
It's hard to help you if you don't provide more details about electricity rates, your equipment, how many GPUs or rigs do you have?
And how about your capital etc...?
Being generic, this time is good to buy coins directly, doing DCA, you buy coins when they are in a crash or prices like this, you don't buy when BTC hits 60k USD...
This is not a bear market, this is a pre bear market, bear market is after this pre bear market, heads will roll.
maybe we can try USDT/BUSD,or other main token to mining,i think the most important is why you can get staking reward,don't meet luna again
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