To the battle hardened covid 19 unvaxxed people...you know the drill  The drill of just continuing to live your life normally and ignoring all the idiocy out there? Sure thing. I must admit though, they are pushing this 10% mortality rate as if they learned their lesson on the flu so they're trying it with something they can make bigger headlines with... Still, at 10% odds I think I'll take my chances and bet on my belief that this is all just a kickback to big pharma for failing to pass the universal healthcare plans in the US. The elite have decided that the people need to pay for their own medical costs as a group to shield themselves from having to take any responsibility for their cancer causing products decimating global health. It doesn't matter what we vote or what we think. The decision has been made. You can expect more and more stimulus packages to hand trillions more to big pharma until they get their way and universal healthcare is a thing in the US. At some point, the inflation will crush us and we will have no choice but to go along with whatever "free" things they offer us. maybe we are entering "hard mode" this time. good luck to all of us. |
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i think in previous bear markets there are mega farm/s that shut down due to bear market things...we'll see about these mega-corps farms, maybe we can see them fail too..hmmm what kind of bear market would that be?
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btc crashed below electricity cost, so I'm waiting for that
I looked at this graph. Bitcoin mining revenue never dropped below the power cost, assuming 5˘/kWh, even with a Bitmain S9j ASIC with downclocked firmware 11 Th/s @ 750w. Mining farms were able to scrape by during the 2019-2020 bear market, especially if they had a more efficient Whatsminer M20S or Antminer S15/17. They weren't able to pay off the equipment, but they could at least pay the power bill. If they couldn't pay the power bill, they would just shut down. Okay check 18-03-2020, it says 0.07 for 1 THash/s, just one example, in 2020 good asics were around 70 th/s, check this article https://www.advancedmining.io/top-5-bitcoin-asic-mining-gear-for-2020/ , january 2020, profitability on that graph on january 2020 was 0.15 so was double of the bottom in 2020 on march 18, so in that article it said a 73th top of the food chain was receiving 10.50 usd per day, 8.50 usd was power cost and 2 usd was profit, that was double than march 18 2020, meaning, in march 2020 as profitability was 0.07 and january 0.15, meaning profitability in january was double of march meaning that 10.50 usd per day in march 2020 was 50% less meaning, 10.50 / 2 = 5.25 per day, power cost still 8.50$, so $8.50 minus $5.25 = negative profit of around $3.25 when talking about the best btc miner available in march 2020, imagine the worst miners. That is just one example of how bad mining profitability got in 2020 march, yes after that bullrun started in july 2020 with eth, btc only broke through in november 2020 and that was not the only bottom, we had more cases where it was negative profit using the best btc miners available and like I said before, imagine the average to bad btc miners. well at 7 cent power an s17 in summer 2020 was on the edge of breakeven right now at 7 cent power an s17 earns $5.90 and burns $3.50 as an s17 pro with good firmware can do 50th and burn 50kwatts a day. so the farm clears 2.40 daily per s17pro if the loans are paid and the building is owned. this is not taking into account paying the help and fixing dead gear. Lets argue 40 cents a unit so that s17 pro clears 2 bucks. price would need to go to 21k and stay there. and the 7 cent power miner is at break even. do we drop this low maybe we do. How about i add this to your scenario.. Price drop to 21k you are break even..then other miners shutdown rigs, hashrate go down/difficulty down then you should get more coins or profit BUT price go down to 14k and you are still at break even. |
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To the battle hardened covid 19 unvaxxed people...you know the drill |
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POW was invented by satoshi because he wanted everyone to contribute. He said 1 CPU = 1 Vote and POS is nowhere near that.
Only the rich can afford to stake and they will control most of the ETH out there. So it’s very similar to the legacy finance system.
Right now many are mining at home and it’s decentralized. When POS hits it will most likely be held by the top 1%.
Why are they doing it? Well because we have an energy shortage and mining uses tons and tons of energy and ETH dev goal was to make it more efficient.
You either like it or are against it.
the correct solution is edit: a reduce tax mining for solar array development not pos. My arrays work pos will fail and fail and fail and fail and and fail again. Or....if energy is getting expensive, mining gets expensive then coins gets expensive too. |
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I don't see any reason for the high demand for the new generation of video cards
RX 6800's costing $400 and RTX 3080 Ti cards being available for just $550. Message me when you see these prices. And how much do you think the RX 580 8 GB will cost? Will RX 470 4 GB be given away almost for free? I think that most gamers will be happy with the RX 6800 or RTX 3080 Ti for 3-4 years. 4k gaming in 3xxx is lacking fps...it seems 4xxx is about to deliver that minimum 100fps for 4k (resource demanding games) 4xxx is majority core upgrade but not memory..memory performance (mining) is a refresh but core is a gaming upgrade. For non 4k gamers yeah, 3-4 years, for 4k gamers maybe they can't resist this 4xxx cards. |
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yes as a coincidence it is quite strange to discover the 100% unlock in conjunction with the release of the new lhr cards, but I think nvidia has nothing to do with it, what's the point of releasing some gpu lhr and providing the unlock at the same time?
Nvidia GeForce RTX 4000 GPU range could arrive “mid July” 16/05/2022 Kopite7kimi has clarified that the RTX 4000 series could launch “mid-July”. https://www.pcgamesn.com/nvidia/may-release-geforce-rtx-4000-gpus-sooner-than-expectedThis is probably done in order to sell off old stocks of video cards. If the 4000 series is released, then the top models of the 3000 series should be discontinued. getting earlier huh..previously it was in the 3rd quarter..hmmmmm my hunch is getting stronger..it is 3xxx refresh! aaaaaaaaaaand they might want to catch the last bull trap before "the real bear market" LOL |
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It's possible. But now video cards are still very expensive, and the cryptocurrency price has fallen by 50% and the payback period for video cards has doubled. If Ethereum mining ends this year, then the payback period for video cards will increase even more. If a beginner wants to buy video cards, then this should be done after the end of ethereum mining.
It will take time for gpus to come down in price, expect a huge crash before the 4xxx series. Real bear market is 4xxx series will be a boooooring time frame just like the 2xxx series...like 4090 is 20cents more profitable than the 3090...i mean, who gives a fuck about 20cents?, miners will talk like peasants and fights like peasants...then after the 4xxx series (3xxx refresh) 5xxx series with gddr7x will be released then bull market slowly starts with miners hesitating to buy cards due to PTSD. Heheh |
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CRAAASSSH PAAANIICC!! aaaaaaand ends next month LOL  What are you talking about @arielbit? Do you believe that market will recover by next month after this whole struggle? I will think about this once Luna and UST gets out of the way but right now if Luna is going to go down many projects will follow, and even the market will still suffer more. I mean "my crypto mining starts today" topic....and the journey ends next month after the electric bill arrives LOL, just making fun here.. |
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CRAAASSSH PAAANIICC!! aaaaaaand ends next month LOL |
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GPUs are money printers. If it prints more money then it is more valuable.
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i agree and disagree
i agree if you can't mine in a bear market.
i disagree if you can and you are in a process of buying FHR and now LHR is cheaper with the same hashrate. price will soon be the same so MOVE FAST!
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crosspost NBMiner has 100% unlock today. So expect all the majors will have it in short order.
You are joking right? Next time just drop a link or a picture to at least proof that what you are saying is the truth, are you currently using Nbminer? If yes send us a screenshot with your LHR graphic cards mining ETH with full hashrate unlocked. Not joking. Go see for yourself or dont. Doesnt matter to me…all my LHR are enjoying the boost. And you can read it for yourslf in the NBMiner thread on this which is literaly the post below this one currently. Yes its working, tested and confirmed, I am sure that Nicehash isn't behind this unlocking, I am suspecting Nvidia itself, this morning Nicehash release the news and its not even 24hours yet now Nbminer released LHR unlock, something they don't even bother about right from when LHR became a thing. probably nvidia last milking of GPUs before the bear market hits hard. Bitcoin ASICs were sold before bear market in the past, nvidia have adopted the strategy. |
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NBMiner has 100% unlock today. So expect all the majors will have it in short order.
You are joking right? Next time just drop a link or a picture to at least proof that what you are saying is the truth, are you currently using Nbminer? If yes send us a screenshot with your LHR graphic cards mining ETH with full hashrate unlocked. Not joking. Go see for yourself or dont. Doesnt matter to me…all my LHR are enjoying the boost. And you can read it for yourslf in the NBMiner thread on this which is literaly the post below this one currently. Yes its working, tested and confirmed, I am sure that Nicehash isn't behind this unlocking, I am suspecting Nvidia itself, this morning Nicehash release the news and its not even 24hours yet now Nbminer released LHR unlock, something they don't even bother about right from when LHR became a thing. probably nvidia last milking of GPUs before the bear market hits hard. Bitcoin ASICs were sold before bear market in the past, nvidia have adopted the strategy. |
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remember ETHlargement pill was released at the start of bear market.  |
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sooooooooo no competition from other miners? so all these LHR cards gonna mine on nicehack only? LHR miner fee and pool fee is up for grabs, so far it all goes to nicehack.  If it's true that hackers might be behind this unlock I am sure that Nicehash will be back bitted because hackers can't be trusted, they always want to make money, sooner or later this hack will get to other mining platforms too, fingers crossed. nbminer first non nicehack LHR unlock. 3080ti investment will pay off? hehe
That is to hope for while eth mining lasts, last year was the best time for miners, this year is a descent to hehell in mining and trading profit. However, unlike 3090, the 3080ti can be used for many other algos and holds incredible value, with this unlock, the 3080ti becomes the best gpu to mine. Even though the 3080ti is the best card to mine now on all algos, still a 600 days roi and this 600 days as we descent to hehell, will be more and more days to roi, never go full retard here, using 10% on it is not bad for fun. my 3080ti's are almost 1 year and already ROI'd, this is more like extracting more value for the money. my 3080ti's was a smart gamble that paid off, bought them betting at LHR getting unlocked in the future. i mean, they are cheaper and cooler than 3090s with about the same hashrate if unlocked hehe |
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sooooooooo no competition from other miners? so all these LHR cards gonna mine on nicehack only? LHR miner fee and pool fee is up for grabs, so far it all goes to nicehack. |
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3080ti investment will pay off? hehe
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if you look it in a different perspective.. even mentally ill people don't want injections in their body they rather trust their own urine or cow's urine than those big pharma kill and disease shots LOL it is an inherent and basic instinct that even mentally ill posses, now if you have been psyop'd/ brainwashed, even if you know deep inside your gut that something is not right, you still inject some foreign substance in your body because (insert programming here ) |
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ETH to 10k aaaaaaaaaaaaand you'll buy those expensive cards LOL..market fucks both ways hehe
or
it is a boring bear market with those boring 4xxx series (like the 2xxx series with the previous bear market), then 5xxx then bull run.
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