BIG WOW HERE.

19 pages of people talking shit about things they don't know or control

it's like talking about how many years you are going to live. OMG, are people here in this forum so ignorant to believe this statements done by people that would not guess even your age??

another big crash is coming.

YOU HAVE BEEN WARNED.

The reason is simple: money. some people are seeing the the bull run is over, and when that happens , normally they sell to get the profit. We are in that term right now.

talking about ETH , bulls do not consider ETH to be valued more than 720$. And if noone wants to put money in for, , lets say, 5 days, this means bears know that no pull back will be done once they begin to oversell the coin and drop the price.

Since whenever the price goes up, is because someone is buying the coin, they know as a fact that if bears begin to oversell the coin, automated stop losses will come into game pretty quickly. My friend (a reputated trader told me that almost all automated stop loses will jump in the 620$ range). So if we get there, the next stop is at 545$ with almost no resistance.


Bulls cannot pass the 745$ mark for ETH. If they don't succed to pull that barrier, than its possibly a huge drop , music for the ears of bears.

Now the situation is like this: The last pull from bulls side was at 637$. If there is no bull pull back at that level, expect the worst, at 545, 460ish and probably even 410$ value, so another huge drop in price is coming for ETH.

I cannot predict what is gonna happen. The market is brutally weird right now. But the trend is clear. Here comes another little crash.

mmmm....i will not deny that what you say is possible. But reality tells me another thing.

The ETH network hashrate has been increasing overtime. and when a small fall in the market appears, more or less like 10.000 to 15.000gh/s appear on the ETH network. Suppose that those are the ones that mine another thing different from ETH and from time to time have to quit it to mine a safer coin like ETH. Considering that i see this happen at least 2 times every week, i don't think you can get a lot of money by mining other coins, though i will not deny it. what you are telling me is like doubling the profit of ETH with AMD cards. That's very difficult to believe, but possible if you are good at this.

i don't know your electricity costs, mine are at 0,15$ average (i have timetable electricity) but i've calculated dual mining and it just doesn't make sense since the increase in power consumption would force me to sell the altcoin at prices that, in some cases, can mean a loss. It depends on whether you mine for profit or for paying bills.
Considering the many people hold the mined ETH by paying the electricity bill from their own pocket, at the expense of waiting for the price to skyrocket, so selling ETH is not what you want to do overtime (in a bullish view) so mining altcoins for actual profit is just an exercise of no guarantee as you said.

If i were to point my cards to another place different from ETH, the instant profit can be lost from a day to another. I value your braveness to do it, and research everyday for the most profit , but i don't think that's "real" in terms of efficiency and profitability.

also we will have to agree that the expectations in ETH are not the same as other coins. It's not the same to mine a coin that with actual difficulty can give you profit, and compare that to what you can do with ETH if prices begin to skyrocket. ETC, MUSICOIN and another EThash algos are not profitable for me or at least, more than ETH so no point on even researching. XMR gives me like 55% less profit that ETH at the moment, and it has been probed time after time that AMD RX 570/580 like ETH algo but not the others.

Enjoy your insane profit out of your cards, because i can't even imagine how you can almost double my profit without mining the best algo for AMD. If PoS comes soon, no coin will be left proftable once gpus flood the network.

i would not buy any card to mine right now.

Reason for not doing it are quite huge. i´ll give you some.

- they are all overpriced
- Difficulty is increasing at high levels.
- ETH PoS will destroy miners and almost 245.000Gh/s will be pointed somewhere else in search of a profitable coin which today does not exist, so probably if you are planning on buying to mine ETH, you may also consider that once PoS is applied no coin will be left profitable once all those hashrate is shared on other networks.
- AMD cards are good in Ethash algo but average on the others, while Nvidia is more of an "allrounder". You can get 32mh/s for ETH with an RX 570 4gb with a bit of luck (depending on memory), if not, just around 30mh/s, but you´ll get no more than 26mh/s with a very very very good GTX 1060. 1070's and 1070ti can do around 30-33mh/s so not the best. I have 5 RX 580 8gb that can do 32,3mh/s and payed for them half of the cost of a GTX 1070ti.

With the end of ETH, probably all gpus will make any other coin unprofitable unless somecoin takes the lead of ETH and increases it's price allowing you to mine for profit.

i you have the money and don't care about "if", buy a 1080ti or just wait to July for those 1180 or 1180ti which will be absolutely monsters. And if something goes wrong, well......you may be able to sell them with almost no money lost.

Hello.

To begin with,some facts.

- By the 13th of December 2017, the network hashrate of ETH was 130.000Gh/s. Today (this has been repeated most times) we are at 245.000Gh/s. so in just 4-5 months the current Hashrate of ETH has almost doubled.
- I'm really begining to see a pattern on this. Usually, if the market goes down, more GPU's are pointed towards ETH (a safe value, at least for now). It happens aswell the other way round.
- today, the current profit of a 314mh/s rig is just about 300$ per month (electricity cost considered). In Spain, were i live, is just about 250€.
- PoS is bound to happen sometime this year. We are getting very close to 100 million coins Vitalik said to be the max number. So at anytime ETH mining can be crashed.


The point is: Is there a coin , considering the current values of the Altcoin market, that can see increased it's price so that mining that coin can be profitable?=? i mean, once PoS is applied, where are you going to place your gpus?? Is there a coin , actually, that can absorb that huge amount of hashrate without making the coin totally unprofitable?? We all know that if a coin increases in hashrate but not in price, it's not a viable option to mine it (unless you bet money on it and you succeed, but i guess noone wants to bet nothing right now).

Let's place ourselves in the day after ETH cannot be mined so it's in PoS version (btw, that day is not very far). Is there a future for those gpus?? Nvidia cards do decent on ETH and very good on other algos. AMD cards do very well with ETH and not very good on other algos.

Is the end of ETH going to kill mining?? Will that enormous amount of Gpus searching for profit , actually gonna destroy any profit on any coin??? What do you think??

the market is going down. And it will last long till we see a pump.

IT'S simply impossible.

To see that amount, we would have to go to at least 3 trillion dollars, and that's almost triple the max market cap of the highest prices of ETH.

Forget about it.

This is my guess. By the end of 2018, ETH will be at no more than 900$ due to hard regulations on crypto.

crypto is a very very very risky kind of investment. Due to this fact, many investors stay aside of this madness.

Regulations and legislations will not help either, because the real "benefit" of crypto right now is related to "decentralization" anonimity and high income with little money. High profit is ending. Anonimity is gonna end the moment governments will want to know exactly the people in crypto to charge them with taxes. Traders and exchanges are being scrutinized to get the most info about everyone, which implies that, no matter what, the "illegal" activities such as money-laundering, drug dealing, fire guns and black money will not enter crypto, that's why CRYPTO WILL NEVER RECOVER FROM PREVIOUS MAX PRICES. NEVER!!

As for us, we are being left with low probability to win, and a huge probability to lose money. This is the real fact and the real issue here.

Many people are talking about ETH getting to 2.000$ this year. That's scam, fake , call it whatever you want. There are no good news for crypto, and regulations are still to come. The good days have gone, and will never come back.

all of you, that get high expectations on crypto, are going to suffer a lot.

the market will never recover, especially if legislations and regulations are applied the way goverments are saying.

WE WILL NOT SEE A PUMP ANYTIME SOON.

NO!

the big pump WILL NOT COME.

Though massively accepted by many companys, one after another, almost everyday, the price is not going up. Regulations will destroy any pump as soon as applied. Don't be fools. The best price for ETH this year will be no more than 900$. Remember my name.

The real issue with ETH is that not even bulls consider to buy ETH at above 740$. ETH continously fails to pass that mark, there is a very strong resistance there.
ETH is like 40% far from it's max price, and i don't think it will make that mark this year. The prices are fluctuating so hard that i don't see a reason to see ETH going over 1000$ anytime soon.

Moreover, all technical analysis that i've seen tells us that ETH is not consistent in its value. It can go down going throw Fibonacci levels 1 and 2, to also an increase in value very important.

If Vitalik were to allow people to continue mining ETH for like lets say 2 years more, i would probable accept the idea of ETH going up in the long term. BUT, as PoS is just around the corner, i would say ETH is doomed AF and i would not hodl the coin much more time. I think the day Vitalik announces PoS (which will not allow everybody to join, since probably only owners with 100 or even 10 ETH will be able to), all the rest with low invest will be forced to sell, and that will destroy the price in the market.

It can also happen that as you sell, sharks buy it and increase the price as they increase their participation in the PoS event.

Realisticallly i think ETH will not increase much more in value in the next months, but that can change for good or for bad depending on new news.

i'm also tired of people saying that "hodling" is the best thing to do with crypto. But i will not open a post to say it.

simple answer: NO, It will not get to 2000$. Not even 1000$. That's my guess. The market is fluctuating a lot.

Hello.

the difficulty, due to hashrate increase is at unseen numbers. Never ever ETH had such difficulty as now. From 1 week ago to today, i've lost arround 0,05 ETH per month with the same hashrate.

More over, i still remember when in December 2017, the network hashrate was about 130.000Gh/s. Now it's at 247.000€. Has almost doubled in 5 months. WTF........ Even having an astonishing increase in GPU prices, people still bought them with no problem. 

Now, we are facing another issue. Yesterday, arround 10.000Gh entered ETH in a 10 minutes period. That's about impossible. Or.....is it?? Bitmain is still farming ETH with ASICs, almost sure they have machines capable of far more than the announced one.

And some more things.

There is a huge automated stop loss in the 680$ range. 700$ is a barrier between bears and bulls.

Hey!

Just to tell you. in 1 day, difficulty and hashrate skyrocketed from 230.000Gh to 240.000Gh. 10.000Gh is the equivalent of 333.333 GPU's (30Mh/s capable). That's too much. Way too much. i don't think not even big farms can push that on the network.

But, the weirdest thing i've ever seen has happened just 10 minutes ago, When hashrate was reduced from 241.000Gh to 235.000Gh and then from 235.000 to 245.000Gh right now (10:01 AM in Spain). WTF is going on here???

It's obviously normal to see many people switching to ETH when the market goes down, but to see the market hashrate increase and decrease in 10.000Gh up or down without variation for me is a clear sign of alarm, becase that amount of hashrate can only be done by ASICS and probably Bitmain is behind that.

BTW in this forum, talks a lot of people, and it's difficult to make people aware of your predictions, but i clearly said sometime ago, that i had been told that when ETH touched the 700€ range, there were a huge amount of sell orders placed. a huge one. And FYI ETH price is going to go down a lot, because as price goes down, automated stop losses are being activated. The hardest hit will come when ETH goes below the 700$ range.

as prices go down, more people switching to ETH increases the Difficulty of the coin, so miners lose more than just the oversell of the coin.

patience will kill your profit RIGHT NOW.

at least at the price you bought it. That's the minimum

Then....and this is my own opinion, i don't think ETH will go higher than 1000€ or 1220$ more or less. This is a guess. i'm getting profit right now. If i need the money will also sell, but will try not to sell it all.

i have 10 gpus, 2 of which are 570 8gb sapphire cards, one with micron and the other with hynix. The micron one is doing 32,3mh/s with less than 5 errors/hour and the other one is doing 31,3mh/s with no errors.