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421  Alternate cryptocurrencies / Mining (Altcoins) / Re: The official lost some cash (and need to find someone to blame) thread on: July 10, 2017, 10:43:23 PM
Profits are still good, expect another dip in... fuck it already did.
422  Alternate cryptocurrencies / Mining (Altcoins) / Re: ETH Difficulty +11% in less than 24 hours. on: July 10, 2017, 10:34:52 PM
1080ti will do fine. When bought at $500.
423  Alternate cryptocurrencies / Mining (Altcoins) / The official lost some cash (and need to find someone to blame) thread on: July 10, 2017, 10:17:22 PM
Everything is allowed here, not moderated.

Example of post:

I really went hardcore with this, butbutbut... ad your comments here.
424  Alternate cryptocurrencies / Mining (Altcoins) / Re: ETH Difficulty +11% in less than 24 hours. on: July 10, 2017, 09:59:14 PM
Price will take another dip...
425  Alternate cryptocurrencies / Mining (Altcoins) / Re: Connect R9 295x2 to hp-pro-3400-core-i3-2120 with 4 GB ram on: July 10, 2017, 09:56:07 PM
Gold rated 1000w psu will do it.

USE SEPARATE CABLES FROM PSU TO GPU!!!
426  Alternate cryptocurrencies / Mining (Altcoins) / Re: CCminer(SP-MOD) Modded NVIDIA Maxwell / Pascal kernels. on: July 10, 2017, 08:44:43 PM

interested in the cryptonite

I will be all over you if you post your 1080ti numbers after sp_ mod. Just saying.
427  Alternate cryptocurrencies / Mining (Altcoins) / Re: ETH Difficulty +11% in less than 24 hours. on: July 10, 2017, 08:08:19 PM
If you are saying that no coin that is being traded now has a chance of going to zero

No, I am not saying that. That would be like saying no coin that is being traded now has a chance to go to moon.
428  Alternate cryptocurrencies / Mining (Altcoins) / Re: CCminer(SP-MOD) Modded NVIDIA Maxwell / Pascal kernels. on: July 10, 2017, 07:24:07 PM
According to the nicehash calculator a gtx 1070 is now down to $2.3 per day in profit.
 In january 1 gtx 1070 only earned $1.2 at nicehash. So this might the begining of a new crypto iceage  Smiley

https://www.nicehash.com/?p=calc

Winter is coming (;
429  Alternate cryptocurrencies / Mining (Altcoins) / Re: ETH Difficulty +11% in less than 24 hours. on: July 10, 2017, 07:03:29 PM
I have a folder of more than 20 dead coins that I mined from back in the Scypt and X11 clone days. Some of those, like the country coins were pumped to hell and back and if you had invested directly in the coin, your investment today is worth zero or peanuts compared to what they traded for,

Ok now I understand, those were not the times to buy. Unless there was a greater fool. Just like ICO's today...

Show me something that went to zero after 8/2015.
430  Alternate cryptocurrencies / Mining (Altcoins) / Re: Friends coming at me with 40-50k to invest into mining rigs on: July 10, 2017, 06:46:32 PM

Would also explain that invisible hand that was holding zec up against all odds. And would also make zec just another world computer dapp.

More thinfoil, my hat is never good enough ))


431  Alternate cryptocurrencies / Mining (Altcoins) / Re: ETH Difficulty +11% in less than 24 hours. on: July 10, 2017, 06:12:12 PM
If the coin goes down or to zero, you take 100% of the loss.
Show me something that went to zero, xpy might still be listed somewhere. Onecoin is also doing pretty well, the amount of free cash flowing in is just enormous.

A mining rig is an asset that has a value other than mining, which can be sold or repurposed towards any other coin
True

YOU choose
Hmm, not sure what this means. I can't choose where to invest?







I built two rigs at end of May, sold one about a week ago for 1k more than I paid for the parts to build it.  And I got to mine with it for 5 weeks.  I am about $350 from breakeven on the whole mining investment.  Very happy I sold the one rig!  Difficulty is crazy.  However, I would like to see the price of ETH drop more in the short term.  Weed out the weak hands and give me the opportunity to buy more!  Smiley

Good example of a miner/trader who knows what to do. If you want to max your eth you need to wait.
432  Alternate cryptocurrencies / Mining (Altcoins) / Re: ETH Difficulty +11% in less than 24 hours. on: July 10, 2017, 05:54:26 PM

If you were mining ETH back in Nov of last year with a six card rig you already and at a loss once power was factored in, you were able to a accumulate several ETH a week, more than you could have by buying ETH at the $8 low directly, for little additional risk other than your power cost. You came out way ahead once the market turned AND still have the hardware. That's why it's important to focus on mining as a long term hedge and not a daily profit center.

I did mine ETH from the start. Show me one real world example were mining was more profitable than buying?

edit: unless you already have the hardware
433  Alternate cryptocurrencies / Mining (Altcoins) / Re: ETH Difficulty +11% in less than 24 hours. on: July 10, 2017, 05:28:37 PM
Who cares about difficulty when markets are down 20% in hours only? Instant ice-age.
If you take mining for what it is and always has been, a long term investment and hedge against being left holding the bag by buying coins directly, the day to day prices are irrelevant.

How does holding the bag differ from holding the hardware? And don't get me wrong, I am a miner too.

fact: difficulty will rise

--> we need bull markets to level that diff rise
--> better daily profits need markets to rise more than diff
--> if you are sure markets will rise more than diff why don't you buy in then?

fact: only way to do some serious profits with rigs is to mine, hold and wait.

--> needs rising markets to happen
--> if you are sure markets will rise why don't you buy in then?

fact: trading makes profits both ways

--> today, miners will run through excels one more time, are we going below $2/day/gpu?
--> today, shorters again made loads of cash

So, after all you made some mining profits?

That is no excuse to do bad investments with those profits. It is fun though...

edit: I like cryptos, I really do. I have supported and keep on supporting projects/ devs I think are doing the right thing.

434  Alternate cryptocurrencies / Mining (Altcoins) / Re: ETH Difficulty +11% in less than 24 hours. on: July 10, 2017, 04:34:20 PM
Sell the cards, pay most of it back and don't get in at the top of the market again.

Agree. Sadly, that is not how the human mind works.
435  Alternate cryptocurrencies / Mining (Altcoins) / Re: ETH Difficulty +11% in less than 24 hours. on: July 10, 2017, 04:19:17 PM
Best thing for these people to do is sell their cards before they hit rock bottom prices, then take that money and buy coins.  At least they'll have a chance to make money then.

What if they maxed out their credit card?
436  Alternate cryptocurrencies / Mining (Altcoins) / Re: ETH Difficulty +11% in less than 24 hours. on: July 10, 2017, 03:50:10 PM
Who cares about difficulty when markets are down 20% in hours only? Instant ice-age.
437  Alternate cryptocurrencies / Mining (Altcoins) / Re: Friends coming at me with 40-50k to invest into mining rigs on: July 10, 2017, 03:37:13 PM

Not saying all ICO's are bad but 80% of them are only smoke and mirrors. How many prediction market projects there are with marketcap more than $100,000,000? No need to answer....

Now they and everyone else are dumping and mining profits are down another 20% in only four hours.

That friend with 50k actually saved a shitton of cash if he/she did nothing with it during weekend. If he/ she shorted eth with it... well... six digits...

Wait, wait, wait. Right now there are no cheap coins or gpu's. It is cashtime.

edit: OT but some of you might have been monitoring this 1 eth= 1 zec thing? If it holds that means there is no equihash safe haven...




438  Alternate cryptocurrencies / Mining (Altcoins) / Re: What if all plebs with 1-2 gpus stop mining? on: July 08, 2017, 01:55:56 AM

"Never mined on" "lightly used" etc

Yep. Mining??? I don't even know what that means. 470 4gb, $450 only for you my friend...



439  Alternate cryptocurrencies / Mining (Altcoins) / Re: What if all plebs with 1-2 gpus stop mining? on: July 08, 2017, 01:25:57 AM
I suspect that if all the small miners with only 1 or 2 cards were to stop mining tomorrow - nobody BUT THEM would even notice.

Haha, you are right. The day after tomorrow global nethash would still be higher. Race to the bottom.
440  Alternate cryptocurrencies / Mining (Altcoins) / Re: What if all plebs with 1-2 gpus stop mining? on: July 08, 2017, 12:28:32 AM
Me old dirty pleb just want to support the network with 2 gpu rig. No idea if they earn something.  Roll Eyes Roll Eyes Roll Eyes



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