Topic: Vitalik Buterin sets date for Ethereum’s Merge (Read 1118 times)

My gpus are whaling. Once again they came back strong. I made 3x my nov earnings in the month of dec.

I can even mine in my home and turn a tiny profit along with mining at the mine.

That is my point, you could easily get RX 570 4GB cards for $70-80 in bulk from mining farms in late 2018. Used video cards were half of MSRP. RTX 3060 MSRP is $330, so simply divide by half, and you get $165. But I'll go with $190 since the gaming market is very strong and GeForce cards have better gamer brand recognition.

As for the Radeon cards, I think an RX 6800 with a $580 MSRP will be $220 or so. Not only are they worse at mining non-ETH coins, but they aren't as popular for gaming.

Yes, I have a short position on RIOT & MARA stock worth $2k in total. I like shorting miners instead of the actual coin, since it's easier to short stocks than crypto, and price movements for the miners can be double the actual coin. If BTC falls by 50%, RIOT stock will probably fall by 75%. That way I can hedge the same risk with half the capital. I hate betting against Whinstone since I think it's a good company and I like what Chad is doing, but it is what it is.

Second hand market will have gpus at least 40% cheaper than retail. I remember a rx 580 8gb could have been found for 100 usd at retail, at second hand market was 60 usd. I know it was insane looking at now but bear market is really that way. So yes, expect rtx 3060 below 300 usd for sure.

Absolutely not. Even at used feeBay prices of $380 each, I would not buy more video cards. I thought my RTX 3060L cards would appreciate in value after being unlocked, but no, they continued going down in price as well as profit. The 25% gain from the LHR crack was counteracted by the crash in ETH price a week later. 4-5 months until PoS is not a lot of mining profit, considering the bear market profit levels and the fact that ETH diff keeps slowly growing.

Wait until after PoS to buy cards cheaply! I think you'll be able to buy that same RTX 3060 for $190 instead of $380.

I still have that 20% on eth, yes, that is the objective, wait for a pump and sell hehe, this eth crash was too fast, I was expecting it to crash but not this fast, maybe they crashed then they will pump before eth merge and then they will dump hard after the merge. I had a sell order at 4900 usd and eth got as high as 4820 usd, so the order was almost hit, sadly, now I have to wait for scammers to pump it so I can sell high, I think maximum it will get will be 3k and will have to sell there, my prediction is based on that march 2018 pump, eth crashed hard to 400 usd from 1400 usd then got back to 850 usd in march 2018 then crashed hard after that to 80 usd, I think the same thing will happen this time. There will be a huge pump before a huge crash.

The merge will be a disaster at first but then will stabilize and will be business as usual hehe.

I would buy cards now especially with the 100% LHR unlock and the price of a RTX 3060 Evga brand new being less than 500 USD I would buy it for 49 Mhsh at 115 watt or the 3060 ti for just some dollars more,before the price crashes of cryptos and before the announcement of this merge,the 3060 ti was untouchable at 1000 or more dollars,now you can make a great mining rig with just 5000 dollars you can buy like 6 Rtx 3060 ti with such amount and although you may start mining at a loss,trust me in the long term you will only benefit if you have the economic power to pay for electricity because the price of most cryptos will soon rise to a new ATH,we don't know when but we know for sure they will.

I wish I had learned all of these tricks earlier :[

Lucky me , never sold any of my old RX480/RX580 cards from 2017/2018 , mined through the crypto winter from early 2018 till mid 2020 , when prices went down and stayed down , mined with full capacity, All those old rx480/rx580 are still mining ( of course lost some bc they failed and i wasnt able to repair them )

Im not a big miner , but still have all my old gpus ,and some RTX 3060/3070/3080/3090,  some ASIC's , including some Antminer E3 those are still mining ETC with full capacity all this is in my home made shed .


Did this as a business , so yes I had some capital loss instead of gain , but all this worked perfectly fine with my tax returns , bull market hit , made more money from those coins I ever imagined in my life .
That's my story ... and I'm still not selling any of my old RX480/RX580

Are you still waiting for the last mega pump to sell your remaining ETH?

I decided to wait and I'm almost regretting to not sell at 3k USD 
I have some ETH mined here, 3 or 4 months of mining, but I was hoping for a pump before a crash, now it seems a bad idea hehehe

I'm thinking here what to do with my last ETH mined

Vitalik is not so confident and this is worrying me, this merge have a real chance to become a disaster

You guys should be short?   I always hedge 2 years of mining income when the market turns.  I'll close my short when the market bottoms and buy whatever miner looks the best.

I shorted and used the proceeds and bought 40 s19s and gpus in early 2020 and I'll do the same again, easy money.

In my country video cards are still selling for 10-20% above MSRP. There are plenty of used gaming buyers on the market. This is far better than selling for half of MSRP after PoS. Even if you bought an RTX 3060 12GB card for $600 and only made $150 profit in the meantime, it's better to get $350 back. It's very unlikely that we will make enough mining profit in the next 3-4 months to compensate for that RTX 3060 going to $200. After PoS, I expect profit to be near-zero for those who pay > 8¢ for power.

Personally I'm not going to sell my rigs, regardless of the value, because I need them for software development and I can make 60-80% more profit per card than the rest of the market.

I wonder if in 2 months today would not be too late ??

I can be way more uglier than now.

I think you are too late with your advice. In my country, prices for some video cards fell by 50% in 3 months and there are no new buyers on the market. And then there will be even more video cards on the market. So many gamers don't exist to buy this.

Yeah, this is the best time to sell gpus while you can still get some good prices for them. Profitability has gone down so much in the last 3 months, it seems negative profit will once again be a reality in few months, even for a while.

My advice is much simpler than that:

SELL ALL YOUR GPU NOW!!

Hehe ehhe he

To me this is just pre bear market hehe, lot of room for this to crash yet, not the time to fill the bags just yet ehhe, although this time I will not fill 100%, 80% only. I have a feeling we will have a surprise next few years of at least one popular coin to die, diversify here is the only way to not lose everything and even if you diversify and the crypto market dies out for unknown reasons, betting only 80% is not bad, will still have 20% left for consolation hehe, never go full retard hehe

when everything is a scam including BTC...we are around the bottom part of the bear market hehe

BTC maximalists will always attack eth because they know the growth ETH had was immense these past 2 bull market cycles, they want to protect their shares/money as any investor and the best way to do that is attack a rival coin in which if there was no eth these past 2 bull market cycles then all that money would have gone to BTC and other pow coins. There is a method here, is a war. POS x POW have been for sometime at war and will continue till one of them messes it up a lot and die, both can have 51% attack, both have vulnerabilities, both can die at anytime. Anyway, every pre bear market has been like this, eth crashes a lot x btc and only while in bull market that eth goes up a lot x btc. However, this time in my view will crash a lot more than last time because of the millions of eth locked up on the beacon chain staked, once they are unlocked, all those people will sell a percentage of their eth to get some money out from it and that is when we will know the bottom, for now eth is overpriced to how much it will be in few months, I think the faster eth does the merge the better it is for eth project as a whole, the crash will be epic but then will stabilize and the growth will be more natural than what has it been.

Anyway, as it stands ETH project as a whole is pure scam(defi,nft and tokens included), centralized to the core and will always be like that, sheeps will get in as has always been, check cardano, solana, luna and other scams, sheeps always get in and expect to become rich fast and in the end if something messes it up like it happened to luna and ETH DAO hack then they lose it all. Luna was no different than the DAO hack or even the MTGOX hack. Anything that is centralized will suffer the same, even BTC as it stands can suffer from centralization time to time and yeah nobody talks about it because it can start a chain reaction of trust issues.

I have been around a long time. The issue for pos is that it is basically a company bond.

but it has no government protection.

SO why the fuck do I want a digital bond with no safeguards of any kind.

POS = piece of shit

Frankly Mr v has  a simple tactic  he can do which wait this out hoping for an overall market crash then do POS to save the market.

Or push and do the switch to POS during a shaky market pray to God that the switch does not crater the market.

My gut says this if btc is over 28k in August and eth is around 1900 they will not switch they will find more and more block reorgs happening from now till August and say the software still has some issues they will alter the difficulty bomb to Dec or Jan.

But if btc has faltered to 18k and eth is about 950 he will do the switch this August.

time will tell.

If you guys frequent Twitter you will see tons of FUD for Ethereum, mostly is non sense. However even Saylor is attacking ETH with one of his tweets.

Basically saying that it’s a virtual world that is a copy. He didn’t state Ethereum but he said POS and we all know what he is talking about.

This is why the ETHBTC had a huge dump compared to BTC. Looks like it’s about to break the yearly low.