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Hype coins are bad for business, even while we are in bull season it's not advice to hold your hyped tokens when they are surging, I will only hold a token that has lots of potential and many incoming partnerships and listings ahead then when this is done it's a good time to exit with your profit, but it's a different strategy if we are already in a bear market
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Not after EIP1559 is active already, do you know why we earned alot in 2017 when mining? It's because of gas fee since many buys and sells are happening on projects most especially ICO so gas fee went high and that became a bigger cake 🍰 for miners, today it's no more the same story
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It's nothing new, have you take your time to watch previous top 10 coins on coinmarketcap years back? Many coins made it to top10 in 2014 for example and they lost the rank to other coins in 2015, another coins rose up to top 10 in 2015 and they lost the rank in 2016, things will keep happening like this but ETH and BTC will remain the best
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Take your profit as fast as you can cos I'm sure that token is a pump and dump token like some meme coins, if you are this lucky pls don't waste time looking at the profit or wishing it could go way higher, take your profits asap
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Does it make any sense to spend money on T2 ASIC miner in this period of time? I am offered 1100$ for each, is it worth spending money on or it's a waste of money?
Another question to ask yourself is, do you trust the person or store that's selling you the ASIC? Is a friend or you saw it in some random online reseller's website. Why are they selling it if it can make money for them. Most scams have be orchestrated by players who sell miners at attractive prices. In most cases it's either a scam or the miner is faulty. This ASIC miner T2 is all over Alibaba website mate I don't see anything strange about it because T2 miner are outdated already, a GPU like rx580 or 1660ti is even more profitable than this crap, T2 takes alot of electrical power and delivers very low profit 😏 not worth buying |
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Not worth if you buy that asic than gpu. Rx570 and mining other coin will still make you around $1.6 daily.
Pretty bad for gpus with 4gb vram but not on 8gb cards.
Rx570 8gb will do 30-32MH so that's over 2$ per day, I'm guessing it should be 2.8$ per day presently since that's what I'm getting on my gtx1660super and the hashrate is also 32MH per day so it's better to buy GPU and that old ASIC miner |
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You won't be making high gains from them since they are already too high in value, the only way they can surge higher is when heavy alt season comes, my not look into the new gems like Hera token, wonder hero, doge dash?
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I tried dual mining with ETH and for me it's just a nogo.
The hashrate I get using this "technique" is awful on ETH and on the other algo /coin
I'm using 3060 LHR.
Finally I prefer to stay full on RVN or other coin at full potential ofnthe card.
Btw I have the impression that mining ETH is a slow process compared to RVN for eg...?
Can't say much about 3060s cos I don't use the card at all but if you are using 3070ti LHR they are still better at Ethereum than ravencoin because they can do 58mh right now on ETH at less watt compare to mining ravencoin unless you have free electricity of course |
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There is nothing to worry about OP even 90°C on memory temp for 3080 and 3090 are extremely safe, I'm even jealous you are getting just 82°C on your 3070ti that's a silicon lottery winner there mate, by the way what algorithm you mining cos all 3070ti are all LHR
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After the bull market shiba inu will drop alot and I believe that's the best time for accumulation including every other altcoins as well, shiba as a good team hands down but expect crash in near future, by January to February of 2022 be smart to start dumping all your coins
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What do you think about staking rewards Vs mining rewards? With the looks of things presently I fear that GPU mining is dying cos look around you how many new projects are adopting PoW algorithm? Mining 5 years ago was better than mining today, every new projects are talking about APY returns and staking only, what do you think? Wrong or not?
For me mining is better today than it was 5 years ago.With a simple 300 Mhsh GPU rig I have I am making about 20-23 USD daily.Of course this same amount of 300 Mhsh could have produced more Ethereum back then but the price was cheaper,way cheaper at that time.Also the difficulty now is really high compared to that time but overall I am making more money by mining now that I did when I mined 5 years ago. For me GPU mining is still long from dead and will continue to be so for some time to come. In 2017 a 300MH on ETH will earn you more than 30$ per day ask around from those who are aware of the insane profits when bull run started in 2017, mining was so profitable at the time even when ETH wasn't as high as today l, do your own research |
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What do you think about staking rewards Vs mining rewards? With the looks of things presently I fear that GPU mining is dying cos look around you how many new projects are adopting PoW algorithm? Mining 5 years ago was better than mining today, every new projects are talking about APY returns and staking only, what do you think? Wrong or not?
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SQUID is a scam project and it won't be the last so before FOMOing out on a project make sure they have real team and developers behind them, many meme coins out there have no team, the scammers just find an attractive web page design and lure investors in, you are the master of your wallet spend wisely
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This have unlocked the door to better crypto market into 2022, if you know what's good for you erase bear market from your mind from now on into first quarter of 2022, the market will become very bullish and BTC achieving 100k at this point is now possible, I know that BTC has nothing to do with metaverse but it has everything to do with cryptoverse, welcome to the future.
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First to ask you; did you take the profits, or you are still in those memecoins? I am asking because unrealized profits are not profits at all, and many fail at that part. I had the same issue couple of years ago, I simply didn't know when to exit shitcoin and take the profit, so I stopped with that practice.
I don't check the price chart, but so far only DOGE comes close to outperform BTC/ETH.
If we are looking at last ~12 months or so, DOGE oupterfomed both BTC and ETH, but I think that will last only until bear market. Once we hit that, I expect it go below, as in last few months DOGE lost 50% value compared to BTC and that trend will probably continue. Profits secured mate, I knew how risky these meme coins are so I'm never in for a long time, just want to make some money off them while the hype is still up and running, I believe meme coins have find a home in crypto space already so doge coin and shiba probably will survive for a very long time to come but I'm not betting on this still I took profits |
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This is probably what many don't want to hear right now but I'm just trying to share what I've achieved so far since the last three months, I'm made more money from meme coins than every other bigger coins I have in my portfolio, not even BTC and ETH where able to give me that much insane profits in a short term, since I've been here on this forum I've never seen my portfolio surging high like this, meme coins are dangerous but their rewards are insane
Not a financial advice, what have your own experience been like with meme coins?
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Thanks so much everyone for the great response. At least my suspiciion is confirmed that basically the answer is kinda like ~ "it depends".
I'm budgeting for my first rig - bunch of 1660s and 3060s, maybe one 3070 if I get...and it helps to know the risks:rewards upfront when you're doing these calcs.
I think I might still end up buying from UAE. Will update this thread with whatever I do incase anyone else is trying to follow my lead.
@DesertMiner -- I've seen Newegg Global for India, but their India prices (with shipping and customs) turns out to be higher than Indian local prices anyway. So ruled it out.
Anyway thanks for your super detailed answer.
The question is are you living in UAE? If no don't even bother because once something happened to the card no one will be responsible for it, heat is the main culprit with GPUs and also water, make sure none happens and your GPU will live longer |
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Some optimistic analysts expect LTC to go to $600!!! But I have some doubts about this analysis given that the LTC price is currently below 200$, I expect to see 300-400 $ when the Altcoin season begins.
I am also amazed why LTC did not move from the price frame many years ago despite having all the reasons for strength, perhaps the absence of support and the staff stopped thinking about developing the coin’s future led to this stagnation, personally I think that LTC is one of the beloved old coins that appeared shortly after Bitcoin and has advantages Very important, for example, the speed of transactions and low fees, so its price should be much higher.
Here is my own end of the year prediction BTC 80K - 100k ETH 7k - 10k LTC - 850$ - 1000$ I believe this is so damn possible because of the way things are going in crypto space this days, accumulation is just getting started and it's not hard to believe, I'm not saying the unexpected can't happen e.g bear market but if what's presently happening keeps going on there will be massive demand by year end |
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Ha I hope you won't do a big mistake if you already own some LTC, my advice is to hold and follow the news following LTC right now, be patient and you will be rewarded for it, LTC will hit 1000$ this year ending, mark my word and when the time comes I will definitely remind you, do not sell
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This is the usual trend, after Bitcoin good altcoins will follow and possibly to start the altcoin season is very high so be ready with your holdings and don't take profit yet because the best price is yet to come. If we look at the previous trend early this year, altcoins also rise along with Bitcoin and for sure it can happen again.
Altcoins are good if Bitcoin is good. Altcoins will have their season if Bitcoin has its season previously. Newbies can check this fact by charts of Bitcoin price, dominance and compare it with altcoin dom and altcoin price. I'm just holding some of the good coins that gave me profit before, like ETH, BNB, ADA and some of the meme tokens. If you do trading, don't spend that much in feature especially on a rising market because of the risk of being liquidated. Mid cap or even a small cap has the chance to pump as long as there's demand for that project.
You can hold top altcoins and to be safe, you must take profit for 50% or 70% of your initial investment. For the rest part 50% or 30%, you can wait for the altcoin season. Meme tokens, I don't have believe in them. They can rise a lot in the altcoin season but they are not tokens you should add to your portfolio for a several months. Really? Say that to those who bought shiba in August 2020, many sold when they thinking it's just a meme coin, months have everything to do with adoption likewise strong marketing too, several months works as you can see |
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