I said like a thousand times in this forum, that mining was dead. a huge amount of trolls just came to say that mining with GPUs would never die. Well, we have to be honest here. They thought gpu mining would always survive the ASIC tsunami. What it will not survive, is the shittiest market ever created by the man in the hole history.

Today, you have to be really, like really really dumb and blind to not see the reality of a market that is collapsing day after day with no options but to believe highly paid guys that tell you what they want you to believe, because they need stupid people to continue burning money in this hell.

Just stop mining mate, there is no point. Probably you are losing money right now. It makes no sense.

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omg people are just dumb!!!! hey CRYPTO IS ALMOST DEAD, NO PROFIT AT ALL, HUGE MARGINAL TRADERS, THAT HAD BEEN DUMPING AND PUMPING COINS, DON'T EVEN WANT TO PLAY ANYMORE, REASON WHY THE MARKET HAS BEEN ALMOST FLAT FOR ABOUT 1 MONTH, ROI (6 RX 570 X 200$ EACH, + ALL THE HARDWARE NEEDED, 1500$, CAN TAKE YOU TO ROI FROM 5 TO 6 YEARS AT CURRENT PRICES, EVEN MORE DEPENDING ON HARDWARE, BUT HEY!! I WILL BET ALL I HAVE FOR A FUTURE THAT DOES NOT EXIST AT ALL.

And you want to spend a huge amount of money in solar power  and at least 50.000$ only in gpus, to ROI when???

When i see 142.000GH/s on the ETH network, at current prices, i understand why many people have lost all their money in this shitty market.

They argue because every time someone shuts down those unprofitable machines be ASIC or GPUs, one of those who are trully believers, that a paying from their pockets the electricity bill seeing no profit at all thinking that in the future they will recover their money, this conversation actually makes them think how dumb they are for keeping their machines on.

So no worry. You've done the best you can do. You should have done it way before IMO. I switched mines off at least 6 months ago. Never have regreted doing it.  

ABSOLUTELY NOT,

IN fact, ETH cannot go past 140$ and hold that for 1 day. it's the most bear market ever. The prices don't go up or down, just flat. There is no interest on buying it.

The next big movement will be a crash of 10-20%.

market for futures on BTC is gone to hell. Continue investing money on crypto, continue, but then ,DON'T CRY WHEN YOU GO BANKRUPT.

wow, are people really buying cards for mining at the current moment??

Some people deserve going bankrupt, ohh my god.

mm...just a few comments on this.

Team red can be as efficient as Nvidia. Reality is , that when i dedicated a lot of time to configure my setup, i had to make a decision: Did i want to use less electricity resulting on less hashrate or more performance? I went for the performance (and price per Mh) specifically for Team Red and ETH, they were cheaper and offered more hashrate. so i upped the coreclock as much as possible to get the max performance for the least cost of electricity.

All of my RX 580 and 570 cards were running at 1240mhz. The voltage supplied varied a bit between the cards because i personalized every each one according to Asic Quality . Most of them, if not all (i don't remember exactly) could do 1240 on the core for just about 850-887mv. Some can do 2250mhz on the mem. Some less. if you count all the hashrate of my cards, and divide between the amount of them, it gets an average of 31,54mh/s.the total consumption per card was about 135-140W. If i had decided to go lower on the clock, i would have been using less electricity but with a parcial efficiency compared to Nvidia. Why? because ETH algo favours team Red. So even reducing clocks to match hashrate with Nvidia cards, you could get a nearly comparable efficiency in terms of performance-cost. GTX 1070 could do 27mh/s. GTX 1060 could do something between 17-25 at best. Depended on the memory installed. Normally Samsung mem was very good, while hynix was just not good enough. my GTX 1060 destop with hynix could only do 18,7 mh/s on ETH, but my laptop with gtx 1060 samsung mem can do 24,6 which is brutal. +800mhz one, +225mhz the other. There is the difference in hashrate.

a GTX 1060 , for instance, can do 18,6mh/s  at stock clocks using 100W more or less of total power consumption of the card. when "tuning" the card for max mem and lowest power consumption possible, it was possible to be using something around 70-85W for just 22mh/s (depending of how much power consumption you were willing to apply (normally -30%) and how much hashing power you were willing to lose, obviously). So there is no point on using Team Nvidia for ETH. There wasn't a point back in those days, there isn't now. In fact , all well known youtubers related to cryptos, adviced to buy RX 570 and RX 580 just for EThash algo.

For the purpose of this post, i've switched on my test-bench and installed my RX 570 Sapphire RX 570 Nitro+ 8gb 84% ASIC quality (a very very good card). This card could do 1240-2250 using 837mv on the core and nearly 32,2mh/s. Micron memory BTW. The best IMO for RX 580 and 570. All of my cards with micron do 2250 without issues. I can also do 1500mhz on the core - 2250 on the memory and just around 1,18v on the core. Awesome card.

. i've tried 1150-2250 reducing to 800mv and from 1000 to 900 mv on the memory. It's doing 31,4 mh/s and total power consumption reduced to 108W from the wall (platinum PSU). It can be better with Titanium obviously. I will try to go even lower. Sure i can. seen some post of people talking about 90W from the wall doing 30,5mh/s. It's very difficult to go below 90W on Team Red due to bios restrictions, but i will try anyway.

so....yes. If i wanted my cards to do 27mh/s equaling a GTX 1070 hashrate, i can assure you i can get my cards with a brutal effiency in terms of performance, almost equal to GTX 1070 for sure. no doubt i can reduce clocks a lot and reduce the voltage aswell below 120W per card absolutely sure.

see, i will give it a try. My total power consumption from the wall for my 10 left cards in the past was 1510W favouring performance. (my rigs were not bought, just random parts (like a Xeon X5460 130W TDP) so not the best for mining rigs, but anyway,  i may give a try to see if i can push down the power consumption. I will switch on my 6gpu rig which was doing something around 900W from the wall on a Platinum PSU and see if i can go below 800W.

i had seen this video before: https://www.youtube.com/watch?v=JexjjwmTY1g . Just for fun, i will see if i can match hashrate and power consumption. Consider also, that by that time, Q4 2017 Q1 2018, the price of GTX 1070 could go from 379$ to more than 800$ at the worst time. Considering Team red could grant you almost 2 RX570 cards per 1 Nvidia GTX 1070. so take that extra cost in mind.

nope, absolutely not. i had at least 3 contingency plans on what to do if the situation got worse and worse. mine, was not an unconsious movement. I did it warned that it could go terribly wrong (specially by my father), a high rank employee in one the biggest banks here in Spain with 40 years of experience managing personal investments. I knew it could go wrong, and considered every scenario to be "already taken into account".

i never entered to get rich. My only idea was to invest in crypto to get around 300$ a month after costs. So my expectations on crypto were low.

i don't think is time is a cycle. I trully believe this market has left so many dead corpses aside, that it's going to be a brutally difficult task to continue this ponzi scheme.


 i don't agree that we will get rich in the future. We are never going to see ETH at 1000$ or BTC at 20k. That is the past. Present looks black. Hope i'm mistaken, but , since September 2017, i can count with the fingers of one hand how many times i was mistaken, and i can tell you that there are fingers unused.


BTC and ETH is not profitable mining right now. You are probably mining at a loss if you have Electricity of 0,08 or more. Breaking even at 0,07 more or less, and winning little to mid profit if 0 to 0,06cnt/kW.


You can keep mining ETH even in Casper has been applied. The matter is: do you believe in a bull run? i don't. This market is dying. IMO.

Another big lie in crypto, is saying that bottoms are used by investors to see the potential margin of profit they can make. If a coin will not go below 80, for example, this means you can buy at 80 and be quite sure that the coin will not fall below that.

go and see how many users in this forum have bought ETH at 500$ thinking it would not go below that. Moreover, if the market condition is like it is right now, i can assure you that noone is willing to pump the coins if afterwards, and apart from risk, they will have to pay from 20 to 30% taxes thing that didn't happen in the past (so you were more willing to take that risk for extra profit).

and another thing: watch out bears, the market is dying. If you keep dumping coins , making it impossible for bulls to succeed, you can be facing a disaster. This problem with crypto related to everyone watching for their own pocket not taking care if the market lasts 2 years or 2 weeks, just squeezing as much money as possible before it goes to hell,  reminds me of a scene that i personally saw in my country.

A company was giving away umbrellas for free on an airport a rainy day. The moment they announced it, people were getting 2,3 or even 4 umbrellas. They didn't care if there was people interested aswell. They only cared about them.

If you dump, and dump and dump, and always this way, you are destroying the market now, when you could just let it live for more. I don't understand this greedy bastards (the risk traders) doing what they do collapsing a hole system. Anyway, i don't care, i have nothing in crypto so get rekt (the market) if it has to.

i would agree with you if we were in 2018 January - March. But we are in 2019, and the situation of crypto is widely known. I bet your expectations will fail.

It doesn't matter if those coins are private or anonymous. You have to trade with exchanges, and those are BEING FORCED to say who is moving those coins, who much money they can get with those coins and all this. You can obviously evade exchanges and trade hand to hand. Which is what BTW is being done at the moment.

Governments can control exchanges, THAT'S WHY PEOPLE ARE EVADING EXCHANGES. The price "of the coins" is created on the exchanges. if there is no movement on the exchanges, it's considered as "no demand" so prices drop.  but this is obviously a huge manipulation on the market. And it's directly related to government putting their fucking noses on bussiness to "get their part" for nothing.

I absolutely agree that we will never see ETH at 1.000$. BTC will never be 20k $. That past situation has never ever happened before and will never happen again, because a huge amount of investors lost all of their money, and will never come back.

I entered mining just about September 2017. Bought my 12 cards RX 570 and 580 at great discounts because they were returned equipment with no problems at all. My initial idea was to mine and sell (by that time made total sense for me). i made some nice profit. The 13 of July 2018, i said, (and it's in my signature since then), that the price of ETH would be 600$ at best by the end of 2018. Reality is that it went much worse than what i considered to be a bad escenario.

i laughed, and did it hard to all those MANIPULATORS AND SCAMMERS that said wait for the Bullrun by the end of the year. I knew this was not gonna happen. Reasons=?

1º The End of anonymity is already here. Governments are putting a lot of preasure on exchanges to give them the info of how much coins, personal info, and all of that. And those exchanges that are keeping privacy as a main red line, are being destroyed with regulations that will make them shut down.

2º From the begining, from the very begining i entered, i knew that REGULATIONS would destroy crypto. Because crypto saw a huge pump while it was unregulated. It was used for money laundering quite hard. Black net was using crypto to sell and buy drugs, weapons, buy all type of services. The moment all the info had to be given to governments, THE MOMENT ALL GOVERNMENTS ANNOUNCED THAT THEY WERE GOING TO INTRODUCE REGULATIONS AND LAWS ON CRYPTO, that moment was January 2018. And look where we are now.

3º Decentralization is absolutely dead. Crypto was created with the main idea, to give people the possibility to win money by helping develop the blockchains. Every chain that appeared, and could be mined, was instantly focused by MOFOS with ASICS, to destroy any possibility of normal people with their GPU to mine. By that time, we had coins that were not profitable mining NOT EVEN AT HIGH PRICES WITH GPUS, due to ASICS which makes my point.

50% or more of BTC miners are in China. How can you call this DECENTRALIZATION???

4º 99% of the people that invest in crypto, DO IT EXCLUSIVELY FOR MONEY!!! They don't care about tech, developpement. Anything. Every hard fork of coins, which in many ways implies better tech performance, is just ignored. Look at ETH. It has updated ETH to Casper , reduced profit for miners, less production of coins reducing the inflation, and activating the difficulty bomb, but hey!! it's going down. This also proves my point.

The first largest Altcoin IN THE WORLD, updates their chain with goodies and only 22% of the users update their chain. ARE YOU FUCKING KIDDING ME??

5º the last, and probably the most important one. ETH had a cap in January 2018 of 134 Billion $. Now it has 13 Billion. What has happened to ETH, that has lost so much money on Cap?? Any problem? IN stock, a drop like this a BRUTAL BANKRUPT. There is ABSOLUTELY NO REASON FOR THIS DROP TO HAPPEN, Except if there is MANIPULATION ON THE MARKET BY VERY POWERFULL PEOPLE.

The dumbest argument ever exposed and proposed here was to accept the idea that powerfull people were "bearing" the market to enter and then pump the hell out of it. The prices are low, were are those guys??Where are those "manipulators" dumping the coins to hell, and then buying?? Simple answer is : THERE ISN'T. The market is just in hands of very very very few people with a lot of money, pumping and dumping themselfs a hole market to make profit. we have seen it so many times, that it's impossible to stick to one. Every small coin that pumped 200 or even 2000% and then drop to almost 0 is a good example.

Talking about ETH, i want to note one question: How can we value ETH for what it is, and not what people say it is valued??? Only one way: saying the amount of smart contracts and the amount of money the blockchain is capable of generating. ETH core devs HAVE NEVER SAID THIS. If the market values the blockchain in 13 Billion right now, WHICH % OF THE BLOCKCHAIN MAKES MONEY???

I mean, if ETH is valued in 13 Billion, but smart contracts only make 1 Billion, ETH is over stimated by a huge lot. Would you buy ETH if you knew this??? If Core DEVS had ETH with smart contracts of more than 13 Billion, would you think they would use this point to try to hold the value of their own coin?? Reality, and truth is we don't know, BUT i guess the value in Smart contracts of ETH is way way less than what the market values ETH, which is INEVITABLY  a sign of market manipulation, and moreover, a sign , a clear sign of run away.

Am i a bear? NO. Am i a Bull? NO. I simply don't believe in this market anymore. i'm advicing people to sell all and leave. Everyone will evaluate if they can or can't do it according to the amount of money potentially lost in the operation.

If i were a Bear , with a lot of money, i can tell you i would be very very rich. I predicted (and it's in this forum if you want to see my point) 6 drops , 2 of them massive, in a row. i even announced it here. Don't go away too much. Just look at my post of which you answered. I told you that in this post: i said: Do they expect to see a pump in price?? 5 days with the ETH market moving flat. Indication that there is going to be sell pressure. Maybe today, probably tomorrow.  

Well, in the last 24 hours, ETH has lost a 7%. i expect it to dump another 4-8% more. if i were rich, i would have made a 7% profit in 24 hours. Don't believe me? just prove me wrong. See all my post (it's easy, just takes time), and you´ll see i'm not lying.

mining with CPU is NONSENSE. It's not profitable.

BTW, a 128 cpu computer can be a Supercomputer. I don't think you are willing to use public or private equipment to try to get money out of it right???

hundrends of arguments??? tell me only one that is not laughable.

You are never going to ROI. Sorry to tell you. Prices are going to be flat if not worse for about 2-5 years. And i expect prices to go even lower, ETH below 50 and never pull back. Watch my comments in this forum. I was one of the first here to say i was stopping my machines. 7 months later ETH network hashrates have reduced from 270.000Gh/s to no more than 145.000Gh/s, or even lower.

Considering the amount of equipment you have 23$ a day makes 700$ a month at best of profit. Your equipment seems to be very expensive. if i were you, i would be very worried about the future, because i'm sure you invested a lot on mining and the situation is not good for you.

who is so dumb right now to be mining at current prices?

there is ABSOLUTELY NO ARGUMENT TO SUPPORT THAT YOUR COINS WILL GO UP IN PRICE, it doesn't matter which one it is, except if you consider faith in crypto as a reason, so stay away of manipulating people. Crypto is dying and not a single coin is surviving this tsunami.

No, in fact, Mining Bitcoin is reportedly not profitable for almost anyone than hasn't got Free electricity.

For ETH mining, considering the Difficulty bomb was activated yesterday, today there is no profit at all, even paying 0,08$/kW which is a very good electricity price. As the other example, mining ETH for profit is just a matter of how much ETH coins are shared por block (which has been reduced, BTW), and how much the difficulty bomb increases block time. It's going to scale from 20sec right now to almost 30 sec and will continue climbing as happened on October.

Basically, if you have 0,05$/kw or less, you may be making some little profit, which IMO, makes no sense. I would not be willing to use electricity for so small profit. If you have free electricity then it can be still profitable, but not for long, at least in the case of ETH.

It's weird how people can be still mining. I don't think there are 150Gh/s hashrate on the net mining with Free electricity. a huge amount of this hashrate is currently mining at loss clearly. Do they expect to see a pump in price?? 5 days with the ETH market moving flat. Indication that there is going to be sell pressure. Maybe today, probably tomorrow.

Get your trousers tight, HODLERS, you are going to suffer.

market growth? WTF are you talking about SCAMMER???

ETH has lost 90% of it's value. Is that what you consider GROWTH??? BTC has lost almot 80%. Is that growth??

GTFO scammer , MANIPULATOR!!!

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