Bitcoin Forum

Everything is allowed here, not moderated.

Example of post:

I really went hardcore with this, butbutbut... ad your comments here.

Nobody with a mining rig today is losing unless they are doing it wrong. In fact the profits are still good compared to historical norms. Crisis and gloom are also part of investing and are not a reason to change direction if you have long term goal.

IF you are bored

https://archive.litecointalk.org/index.php?topic=11743

He made good money in Nov-Dec 2013. Got greedy and kept buying more and more GPUs when bubble burst and became broke 6 months later and in debt.

Profits are still good, expect another dip in... fuck it already did.

Yes more profitable now than it was at beginning of the year.

Eth went through that last support line, getting dirty.

How low will it go? No one knows...

The dump has been for many days and is almost 100% down/crash from 0.155 btc which was eth highest. This thing can't go much lower, with the difficulty as high as it is and going up fast and eth rumors of a reduction and the 30 seconds block times, I myself see a huge incoming pump at anytime. Whales are playing with the market.

did vitalik dieded again ? i see no bottom yet... cheap graphics card everywhere soon

Agree. Those who pumped this market all the way up made some huge profits and are doing it again going down.

Seasonxepisode1:

Btc longs will be forced to sell to whales.

Seasonxepisode2:

Fuck it might go up

Seasonxepisode3:

At this point, everyone should buy in, but no, they are buying mining hardware. Again. Fuck.

gamers get ready for those quad sli and 8x crossfires... sale season soon!

1080ti everywhere at discounted prices soon...

Gamers might finally get what they want... That said I would like more trolling here. 1080ti is the best is just so lame... you guys can do better!!!!

vitalik resurrected from dead again.  ::)

World computer is just reloading, why do you have to be so negative?   ;)

Fasten the seat belt, eth is going up, little resistance but soon to break 0.095 btc again.

nah not being negative just trolling abit over here. but i cant imagine the stress level of those that just entered mining during the peak.. they would be having sleepless nights

btc, what is that? Can you trade it to eur? or usd?

btc = break the carwash, is a reference to invisible money. As its invisible, yes, it can only if eur or usd is also invisible. Bag of tricks, like what the whales did with eth 1 hour ago hehe

Everyone is freaking out because currently their rigs still make almost twice as much money as they were in january, its just weeding out weak hands

Whales at this time is just paying the electricity of millions of miners around the world, whales helping miners and noobs since 2009. Noobs finally are getting the money to pay off bits of loans. Noobs are relieved, they can one more month breath hehe

can't wait to buy two 1080ti sli for $200 :) I want to play games!!
Market go down faster!!!

Quality trolling if you ask me.

List of sleepless nights:

1) all who bought btc higher than $2200, you can always tell your wife they involuntary downgraded us, I will make them pay for it.

2) all who bought world computer higher than $250, you can always tell your wife they involuntary downgraded us, I will make them pay for it.

Best is yet to come:

3) all who went long with btc, you can still try to save it if you have some serious ammo. Will it be worth it? Charts will tell. There is always a bigger whale somewhere haha, happy sleepless nights!

hodl your conis
except for the "classic" ones anyway ;D

You're dreaming.


Gtx 1080 and 1080tis are almost the only gpus that have not been pumped up by this gpu frenzy. An all time low for a gtx 1080 was i think 490$ on amazon, you can find it now for 540$ and lower, the difference is even less in percentage for the 1080tis, these two cards are some of the only survivors if this market crashes.

True, better trolling please!

I don't think he is dreaming, think about how many 1080 ti were purchased and now they are close to useless, imagine if those people got huge amounts of loans and the only way to pay is to sell each card at a loss, that is acting desperate, not for $200 but for $400 - $500 you might see them.

1080 ti is only good for skein and look at skein, its already a 100% crash. Right now a 1080 ti does $2.50 on skein, remember when it was doing $10?

all my cards are paid off.  I can simply  turn them off  and wait for the bounce. 

Or better yet  take the 2-3 a day profit  on each of my  1080 ti's.

1080ti is good on almost every other algo, its one of the best cards for equihash, its good on decred, lyra2rev coins, OK on eth hash (not the most money efficient card tbh). it should earn 4$ per day (or more) on equihash currently. Also most people i saw mining with 1080tis are people who already have them in a gaming rig or a rendering rig or whatever, a lot less people bought 1080tis for mining than 1070/1060s, certainly much more less than the rx series

Crap...I had a buy order at $180 for ETH on GDAX....just missed...

Come on, your 1080 ti can't be all paid, matter of fact I dont think is 30% paid and that is assuming you had an amazing profit past 30 days. Tell us when you bought and then show us the receipt as a proof. I will only believe if i see it.


If your 1080 ti can do 750 sols on equihash which is blood amazing then less electricity you will earn 3.40 per day.

Guys, please no fanboy fights.

I have one big question, this has been bothering me for years:

Bloomberg says bitcoin is booming, everyone runs and buys some mining gear.

Bloomberg says silver is booming, fuck I could easily buy every metal detector there was left.

Now, when I launch this miner it only detects gold. No sign of silver. Can it dual mine silver and gold?

the main reason smart ppl are freaking out is old heads know this is just the tip of iceage
with the nerf to rx cards , most large farms have alot of those cards so on top of that the expected additonal 30 loss of hash, add in the metropolis nerfs all I can say is thank god its at least this is happening in fall.

and dont think it will be easier to switch to other algos since all the rx cards willl be turned towards equihash pascal etc , Only nvidia only farms are in a good position now

On another note, there is no hurry to buy back. Every green candle you see is just profit taking.

It will go lower = mining profits will dive even more.

Sorry guys, don't shoot the messenger... game is over.

Ahh snap so bitcoin is dead again?

All these icos pure cancer for crypto and ether.

Think about it, these people who were holding on to coins that they worked hard to get willingly donated it to people selling dreams.  The ico people don't give a shit and start selling pulling capital out of the crypto space that would have happily chilled and appreciated over time.

Anyway after the games are over we will be fine.  Sure mining is going to suck eventually but we knew that before the pump and this pump made everyone lots of money except the last minute noobs rushing to get in on it.  If you have a bunch of hardware on credit then use that as learning experience, and maybe get a 2nd job moping floors to pay it off ;P

uh–huh, so is mining. :D

Wow, I never thought I'd still see veterans wondering wtf is happening.  Stop comparing this to 2013-14.  They didn't have a 100B cap 3-4yrs ago.  Do you really think this is going anywhere bad??????????

If you do just give up!  Please spare us all the fkn bullshit! 

One min BTC/crypto is God and the next the sky is falling and you're blaming crypto devs for you selling cause you want a fkn update every 5 min!

Peace!

yeah the easy money eth ICO are killing crypto

some dude made a smart contract called USELESS ICO and he pulled in like 200 eth in a few days look it up

this shit is total batshit

Uh dude, Total Batshit is my ICO.... lay off.... I'm already copying, err writing the white paper from the transcripts of one of Oprah's shows.... you get a new car, and you get a new car, and you get a new car.....

Mine is doing 763 sols as we speak. Atm I'm using NiceHash. Earning 2.89 per day. So not worth it.

in a market like this, bulls, bears, cats all are killed.. the whales win lolz

You trolls have to play long now, no point selling right now, eth will be pumped again.

Haha, from $8 to $30? Btc is still holding quite well, if it crashes too THEN it is time to buy.

Yes, eth will be pumped from 0.08 btc to 0.3 btc and you trolls who sold will likely commit suicide or cry around like I have seen many saying, "I sold too low" hehe

For my surprise I would say, ltc is holding quite well.

Yep, and it is the only coin that hans't made 2x previous ath.

btc $2400 and ltc $45 is not fair.

The GPUs that made a killing this mining season were the Radeon 7970/280X, 290/390, and the RX 470/480.

Every other GPUs especially the expensive Nvidia's either made you break-even or very little profit.

The R9 280X were paid off years ago or cost $100 second hand and at the peak were pulling in $5/day last month.

The RX 470 were paid off last Nov during the ZEC instamine bubble and were pulling in almost $9/day last month. You could of bought them actually in April even for $175 USD when nobody was buying them and manufacteurs were offering rebates to make room for RX 570/580.

These GPUs probably got 1000% ROI, that's real money. Not 30% ROI like most of you guys mentioned here. Sorry to say this but most who bought Nvidia GPUs last month probably only made enough just to cover the cards depreciation and not actual profit.

I would stay away from ltc as it was solely designed to be a scamcoin. Only scammers hold that thing and if somebody shout "buy ltc" then you are looking at a scammer before you hehe

The rx 470 and rx 480 were only really available in October, from October 2016 to now, around 100% to $150% roi and no more than that. 1000% were traders, now if you go back when all started with eth costing $0.10 a piece then I do understand your thinking, the gpu series winner was Tonga. Polaris was never close to it.

About Nvidia cards then yes, if you see anybody saying "achieved roi" that might mean is not true. I myself think Nvidia card owners did not even achieve 30% roi.

7970 is still doing $2/ day.

No matter how you run the numbers, if you have free slots and enough power, tahiti is still the winner.

Tahiti is definitely the winner due to the high profitability/low price combo.

Fiji/Hawaii would of been great except they were always overpriced. Even second hand.

you forgot furys/nanos too ;)
my 2 rigs consist solely of 390(x)'s, furys and 1 nano so far,(going for density) yeah they were always a bit pricey but dammit when I saw them going under 250€ I bought them this winter, nanos are always pricey and hard to get, but I got one for 340€... total of 11 gpus so far and I'm proud to say I broke even about a month ago...
...and looking forward for some even cheaper used cards after noobs stop mining all of sudden... ;D electricity is low enough here alts could crash even more than double and I'd still be fine,
When those noobs run out of buyers im willing to help them out buying your 390/furys... for 200€  ;D

Just some fun facts right here in my country where all the miner selection graphic card either went totally off the market or get their price skyrocketed.
1. GPU mining needs a lot of components to work, not just the graphic cards alone will do the work. But apparently there is abundance regarding the other components. Yea, say each rig can hold the norm of 6 cards, but the choice for the board ain't that much either, no to mention their price and cpu pairing.
2. GPU miners are people who would go to the length of modding their cards BIOS just to get a bit more oomph and little less wattage on their rig. I can't see those kind of people buying mega expensive cards with water cooling and all just to mine.
3. People get panic and selling their coins in a rush, guys get real already. Just think how much is the current value of crypto weights? Do you think that ginormous amount of money can be sneezed in an uproar? It's enough to buy a small country for arguments sake, that much power won't go down easily.

Well it's just me and my noobish thinking...

It's all about playing the long game, look at btc holders or even eth holders, they are millionaires, did they sell? hardly 0.1% of what they have. Amazing it seems, crypto mining reward distribution is nothing like what countries do with their currencies, they every month put billions of dollars in the economy, truth is, there are so much money in the world, cryptocoins reward distribution is nothing compared to the world government distribution of money.

That's exactly my point, compared to the whole global government it's just a speck of dust by now. But not that miniscule to be easily said that it's game over, those who invested on mining farm, big huge mining farm will likely to hold more than enough fortune to be called millionaire and it's really unlikely for them to just give up on crypto.

And the global shortage of cards is just as funny as there's no global shortage of mobos and other parts. Heck where will those cards get plugged? Seriously no market rush for other parts. Even if it's there, its just not in proportions to the card rush. It's global shortage guys, how can it not affect other parts.

My point is, just keep calm and observe for now. I'm relatively new to this so I might be wrong but I can see no real reason to get panic.

Agree, next dumping wave is about to start. Need to get more beer and popcorn.

If only I can watch it from a nice big flat screen TV while puffing some cigar it would be the best....

That's why I sold all my RX's and switched over a couple weeks ago... Dumped 10x 470's and 5x 480's for over $150.00 profit each from what I bought them for...

Changed to 7x 1080ti's and already had a stack of 10x 1070's and 3x 1060's that ROI'd about a month ago.  Rig density is a little lower so now I have less heat and use less electric but the money I made on the RX's easily paid for my 7x 1080ti's.    Being ROI'd I will probably keep going as long as I want.  Still planning on a mining room in my new house.  Kinda hope this drops the Dif on some of the coins so I can earn more coins.  I plan on Hodl for as long as possible...  I haven't mined Eth in a while because of the Dif increase so should be interesting to see what happens...

I definitely wouldn't be buying more rigs in this phase of the cycle but holding cryptocurrency is a different story. I am not selling cheap ETH, ZEC, ZEN etcetera. I'm willing to ride this bitch down to chapter 11 if I have to waiting for the bounce. As long as I can still eat frozen pizza.. I'll burn fiat to keep warm. Blockchain technology is literally the last mechanism that citizens have to resist the increasingly oppressive world governments.

 A good GPU IMHO was the ASUS R9 380. For my nickle and dime setup, this was the card I went big with in the spring of '16 and piece mealed the rest of the way.

1) Run at 800/1500, a 6 card miner did 127 Mh/s @ 830 W using ubuntu.

2) Had a larger fan/cooling system, no AC required.

3) Crashed only at power failures.

4) Sold for about $180 - $220 from new Egg.