people are greedy. That's why ASIC appeared. The only solution is ETH to hard fork. And they've said it was not on their plans. Why? because they need their net ready as soon as possible, they don't actually care if ETH becomes and ASIC centralized coin, Which shows money can change perspective on anything in the world. They are as corrupts as the others.

turning my rigs off will not make any difference at all. In fact, yesterday the network hashrate went for 247.000GH, and today is at 262.000GH and this increase is due to ASIC which are going to make your mining way less profitable.

since last time, today i'm shutting down my rigs. The total profit after electricity is just about 85€ (about 100$) per month. I live by the sea, and in my mining room i have normally from 32ºC to 40ºC with a 24 hours two fan working to move and take out hot air. Air conditioning ON would destroy any profit right now.

What a disaster.  

the reasons why people believe in crypto are:

1º they've lost a lot of money, they need to believe.

2º They don't want to accept their fail, so they will always believe in crypto, no matter if that takes years.

3º Because they have a dream, which is to become rich, and when someone believes hard on those dreams, they never accept reality.

4º Because most of the times, that money comes from your family, and accepting the fail means destroying the life of your family, and probably , also the future studies of your sons.


Many people believe blindly on Crypto. They will get what they deserve. And will not be a good thing,.

CLEAR EXAMPLE OF THE MANIPULATION OF THE MARKET.

That coin is worth nothing, but whales know exactly how to make money out of ignorants.

When this market crashes, the rate of suicide is going to skyrocket.

crypto is the mother and the father of the greatest bubble ever made by humans. This leaves Madoff as an ignorant.

many people are so ignorant that they consider cheap coin to instantly become "huge profit".

What lies behind a massive drop in price, IS ALWAYS A MASSIVE LACK OF INTEREST IN THE COIN.

if BTC goes to 4k, the market will collapse. Begining with miners, because anything below 5k is just loses for miners. And moreover, at 4K who is going to buy it?? institutions are not willing to invest money. They are all running the other way from Crypto.

There is no future for this. This market is dead. And it's only alive because there is a huge amount of ignorants hodling their coins.


oohh btw, if you bought BTC at 8k,you will never recover your money.

EVERYTIME someone said: hodl, the market will recover, THE MARKET GIVE THOSE IGNORANTS A PUNCH IN THE FACE.

Reality goes like this: the market is in very very very clear decline, and that's because regulations, end of anonymity, taxes, laws and bans, are clearly destroying the reputation of crypto as a way of bypassing the current "money".

Prices are almost at minimum, ant there is NO BULLRUN. And there is not, BECAUSE THE HUGE HUGE HUGE VOLATILITY AND INSTABILITY drives people far away.

My question, at this point, TO ALL OF YOU IS: If by the end of the year (time when almost all of you say this will go nuts in a bullrun), that! does not occur, are you going to come here and say sorry for lying and misleading people???
Which price are you going to pay for TELLING LIES TO PEOPLE???

I respect those who say: i'm going to hold because i believe in this shitty world of crypto. I WILL NOT RESPECT PEOPLE SAYING, HODL IT WILL BE OK.

In Spain we call this guys ESTAFADORES.

They lie to push coins up and be able to sell. They've lost so much money, they are desperate to lie to people to recover some money back. Disgusting. Really disgusting.

NO.

that's like saying: hey!! tell me your bank account!!!

WTH......

NOP, we will not see it. Why? Because most 3rd world countries are ruled by corrupt scam.

my worst error was to think that this market could not lose more than 30% overtime.

up, this is interesting.

(upping this because is disgusting to see always the same posts talking about fuc.ing ASICS)

forget it. There will be no profit.

considering the situation, why would you be adding more GPU's¿¿¿ havent you seen the actual profit you are getting? or are you betting that it will go up, with no actual reason for it??

the biggest problem on EARTH, BY FAR, BY HUGE FAR IS:

We have 3,8 bl people that gain less than 2$ a day, that obviously live in third world places were they can't get education, health care and all that, and they are desperately poor and want to migrate to other parts of the world were they can have an oportunity.

Every year, according to OMS (WHO), more than 80 million babies are born on those third world countries. The problem is that, we face a destruction on most advanced societies. Inmigration is collapsing our way of living , our services and creating huge highways of migrations towards our countries, putting in danger our way of living as well as our possibilities to offer OUR OWN PEOPLE A RESPECTABLE WAY OF LIVING.

THERE IS NO WAY migration can solve the issue. We have to help them ON THEIR OWN COUNTRIES and control very toughly those illegal inmigrations. We have to. There is no other option.

before answering, watch this:_

https://www.youtube.com/watch?v=NvlSwsV7fmY

very simple answers.

1º Most part of the mining community, is ruled by greedy bastards that are pushing ASIC everywhere around, to fu.k up all gpu miners. GPU mining is a market open to people from almost everywhere, and that can builld systems almost right away, and win some money to live. I still remember a guy from Venezuela that used mining to pay a lot of bills, including his mother's operation. This is WHAT MINING WAS ABOUT. To give and share money to all the community so that they could do better in live. Those greedy guys pushing ASICS are actually MORONS, that are destroying this market for the rest.

2º The ETH community said nothing to ETH not going ASIC resistant. Why? Because what ETH wants is to get a big network build as soon as possible, and they don't want that to take long. The faster PoS is applied, the better FOR THEM, NOT THE COMMUNITY. That's why Vitalik is sharing his money with different projects, because he knows for a fact that not making ETH ASIC resistant many people in the third world mining are getting rekt.

3º As time passes by, more and more GPU's are joining the network of ETH. This is because ASICS are taking control of every coin by CENTRALISING THE MINING. If you can take control of a coin, mining to , SO BEING THE ONE TO SUPPLY IT TO THE COMMUNITY, YOU CAN ACTUALLY MANIPULATE THE PRICE. The same has happened all the time with PETROL-GUIDED COUNTRIES. ASICS are destroying the world of mining AT FASTER RATES THEN EVER. But the community says NOTHING, because a big part has already sold their GPU's and bought ASICS. People don't actually care about the others, just want the most profit, and fast, because they know that this is ending. It's like watching coins drop from a machine, and see a lot of people running towards them, and getting a big part. Instead of taking YOUR PART, you´ll try to get , your part, his part, her part, and others part. This is GREED, and for me is a CAPITAL SIN.

4º GPU mining is still giving little profit, but the profit can disappear tomorrow. The value of the coins are in a critical point. For some people, it's just not worth mining though they get little profit. Others are mining because in their minds, they BELIEVE that mining and don't sell is a part of this matter. If ETH increases in price i will get more money, they think. They will get totally rekt because this market is dying.

5º Day after day, ETH network hashrate is increasing. Difficulty has scaled 13% in the last 30 days, which is fuc.ing ridiculous. And still going up, because the more ASIC joins different coins, the more rekt people get mining it. That has consequences: The increase in difficulty AFFECTS ALL THE PEOPLE.

Reality is, ASIC miners rekt GPU miners. Now new ASIC miners are destroying all ASIC miners instead. The harder the difficulty, the less profit. FOR EVERYBODY. An ASIC miner is not BY ANY MEANS LEGITIMATED TO TALK ABOUT ASIC MINERS. Greed gets FEEDBACK from GREED.

Now , what to expect in the future?¿? The big GPU holder is now ETH. Not a single coin can even get to the 1% of this coin (unless ASIC coins , obviously). A big part , like 80-90% of the World's GPU are on the ETH network right now.

Well, ETH will go PoS (this is my guess) around q4 this year. If out there there is a coin profitable, with the end of mining for ETH, there will be no coin left profitable unless a miracle occurs and some coins begin to gain value.

You see? many people , before this big crash, were mining alt coins in a type of investment. They were losing money (electricity bill) but they thought that coin could multiply it's value by a lot. Now people are so fed up with this situation, that they are only mining for direct profit, NOT FOR FUTURE PROFIT. Why?? Because noone believes in this market. NOONE, not even investors. Thats why prices don't go up from low, and after a small push, there is a small drop to compensate.

Till ETH goes PoS we can still gain some money. Hope ETH will not go PoS till at least it reaches 800$. Why? Because i think when PoS is applied, small hodlers, (with 5 or less ETH), will not be able to enter the PoS verification system, and they will be forced to sell their coins. A huge amount of coins will flood the market, time when sharks will stay calm waiting for those coins to lowe their prices for them to buy. Moreover, i don't think ETH can survive with only the money from smartcontracts. It has a value of 468$ right now, because it can be traded, bought and sold. Once PoS is applied, my guess is it will go down by a lot.


Once thing is clear for me. Once ETH goes PoS , there will be no more coins profitable to mine in the hole market and GPU mining will die. ASIC miners will last a big longer. There is NO PLACE TO PUSH SUCH A HUGE HASHRATE OF ETH. No way.

ETH won't last that long. This year PoS will crash mining. Hope people still buying gpus for mining get totally rekt. Also for ASICS.

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up, this is nuts!!!