i don't believe in it. Not because of it's technology, but the imposiblity to pass through governments regulations.

jajajajaja, ok. so you are telling me that no PoS when ETH gets to 100 million coins. Vitalik has said nothing about HAVING MORE COINS. But you tell me that you know that they have no software to implement PoS, when Vitalik said he only wanted a 100 million coins 1 year ago, time enough to have prepared it.


And then you tell me they will go Hybrid Pos/pow with no f....idea of nothing and you can't asure nothing because noone will believe your baseless ideas. And you tell me that i spread FUD?? jhajajajaja. Your ass should be hot asF.

what makes laugh a lot is people telling other people to buy, when they have no idea if the market is going to recover.

This is just so nonsense.....

those gpu will be very hot in summer. Very hot.

But Vitalik has not said he will allow more than 100 million coins. This is what he said like 1 year ago, and afaik he hasn't changed his mind, so....believe or not, it's possible to happen. At any time Vitalik can announce it.

Do you know simple maths? just go to this page https://etherscan.io/stat/supply

See a 24hours period and get the amount of coins generated per day. Multiply and........you'll see it by your own. 100 million coins as said to Vitalik will apply PoS

My argument is clear, is valid, and it's possible. Do you actually have an argument to say that what i say is not gonna happen?? Or the gtfo looney toons is actually you?

and WHO HAS TOLD YOU THAT THE MARKET IS GOING TO RECOVER??? THE WITCH THAT LIVES NEXT DOOR???

Omg people are mad.... You are investing in something that "you think" will do great. OMG. Hope you lose only you can afford to lose. Good luck to all, you´ll need it. A lot.

mining is not profitable for most coins.

But once ETH will go PoS all of those cards will have to switch to another place, increasing enormously all those "profitable shitty coins", and hey!! everything will collapse. Unless a coin takes the place of ETH, and i don't see that happening any time soon since i don't think ETC can go that way.

BTW, all of my statements are becoming true, day after day.

But the main reason miners say it's still profitable, it's because most of them invested a big amount of money, and accepting this is gone , would mean it's a fail, and people don't want to accept fails.

now THE BIG QUESTIONS WE SHOULD ANSWER ARE:

- When ETh will go PoS? according to current mining rate in 2-3 months. So at any moment Vitalik can announce the fork.

- Where will all those AMD cards go? Mining Monero means overclocking if you want at least 280 sol/s (my GTX 1060 6gb is doing like 320 sol/s). Considering how efficient are GTX 10 series, AMD cards have a no go here. Nor in performance nor in power consumption.

- Will all those cards go to mine shitty coins? well, that will destroy the actual profitability of any of them (if there is still any). Yes, it's possible that many many people will sell their GPU's and not all of them will enter the pools, but anyway, that's a guess. What it's not a guess but a certain thing to happen is that once ETH goes PoS all shitty coins will turn to not profitable due to difficulty increase.

- Will the market recover from this disaster?? Do you see investors willing to put their money into a business that is broken, falling down, that will face future legislations and regulations, Taxes, and probably the end of anonymity as we know it??? my guess??? NO, this is not gonna end well. I don't see why people would invest in a market that moves like a headless chicken. I wouldn't do it.


This situation, this hard, has never been seen by the community. Don't let them tell you we have seen it before. This has never been seen. The community has never had to deal with loses of 75%.
NEVER.

If they've told you to hold because will this solve anytime soon, well......they've lied to you, because i think this market cannot recover from a 75% loss

My rigs continue OFF, and they will be OFF for a lot of time, i'm afraid. Probably i will sell them because i can still make profit from them (since i bought them way below MSRP)

electricity costs is very important for miners. the cheaper it is, the more profit you get.

In my case, as prices are falling down, keeping my rigs working would mean that i would have to sell all the coins, very cheap indeed, and i would only have enough to pay the bill, becase profit or losses are always going up and down, but electricity bill is always there.

Metroid has said , 1$ por GPU per day. This depends of what you consider profit and your electricity bill. 1$ for me that i live in Spain is simply a no go, since when you change dollar to euro, i get far less because 1$ is like 0,80€.

In my country i would need 2$ per card per day so that when you apply electricity costs i get 1,44$ or 1,17€

the only way i would obtain that right now, would be if my RX 580 could do 63mh/s with only 130W which is impossible. what i call profit is no more here, so that's why my riggs are off.

It's simply a matter of maths. Some will continue mining paying the bill from their pockets because they firmly believe this is a temporary problem that will pass. I don't have that idea and i think this is the end of profitable crypto for a loooooong time. I didn't buy this gpu to pay the electricity from my pocket. I will not go that way.

let's be clear about this.

Today, losses are increasing. Do you think any investor is willing to put money into a market that is collapsing??? Think it twice before answering.

That said, ETH PoS is just 2 months from now. Vitalik has repetedly said he will apply PoS once he gets 100 million coins. That will happen very very soon.

Now, what do you think it's going to happen with all those enormous numbers of GPU's mining ETH at the moment? well....if you are not a moron you may know that people will switch to any profitable coin on the market. As there is not a reference like ETH, people will try any coins, increasing enormously the difficulty of the coin, so almost any coin with profit will see increasing their difficulty. If prices continue like this, i can assure you no coin will be profitable once all those ETH cards begin mining other things.

Moreover you have to consider also a point. As it happens to ETH (which is better on AMD cards), many algos benefit NVIDIA, so if you try MONERO, you will have to overclock your card (unless you want to get less coins), but that will also increase your power consumption. Moreover if at that point you have to put two 8pin connections on your cards like in Sapphire RX 570 and 580 nitro+, which implies making deep changes on your configuration.
overclocking will increase your electricity bill, so at current prices, I think Monero and all coins on cryptonight will be a no go for AMD cards.

That's not considering taxes that governments want to apply. Not considering regulations and laws that would imply other big changes for you.

at the actual point, ETH is not profitable. maybe you can find right now some coins profitable. But once ETH goes PoS, bye bye , because all those alt coins with see their difficulty so increased that will not be profitable at all.

The only solution for ETH PoS and all of you not "main stream miners" is that some coin gets the place of ETH. If that doesn't occur......welll......you know what will happen.

are you f. kidding?¿? Unless you are a moron, you may know that it will make almost no difference if 10.000gh/s disappear. OMG...what a level here.....

i don't see a reason to fork for ASIC. i mean, PoS is just there. we are nearly the coins that Vitalik wanted , 100 million, so why develop a fork if they can just apply PoS and crash it all to hell???

I think Vitalik will announce PoS in the next two weeks.

my 6gpu AMD rig will not work with Adrenaline since MSI afterburner will give me problems to detect all of them, so i only use blockchain drivers

I think it was ok with 3 cards. But the moment you try 4, msi afterburner will give problems with adrenaline drivers.

so, according to your opinion it's worth mining because you break even at current prices. so 30 days mining for nothing right?? and have you considered that you may want to ROI at some point? or even enjoy the money the machines get, right?

To break even at current prices with no profit at all (just for the electricity company), i shut them down, because everymonth you use them mining, you reduce their re-sell value and you are overheating your house.

I can't think of a reason to mine , sell the coin and break even. I can't. and i'm doing my best to try.  

to begin with, i think mining is not done for holding. It's nonsense. if you mine, you know you have to pay an electricity bill. I don't think you buy hardware at a cost to mine also at a cost (electricity bill) paying your bill from your pocket because i think you may want to ROI at some point.

If you hold your coins mined, you pay your bill out of your pocket and you don't get money back (at least for ROI), why are you mining?? It's easier to buy the coins instead. You save money on bills, you save money on hardware, you save hours and hours of headhaches, you won't need to turn on the air conditioner in summer (unless you have your rigs in a big house and you don't notice them) , you won't have to deal with danger of burning your house and at some point, you won't need to increase the power to sign with your electricity company.

At current prices it's not worth. simply not. it's what it is.

what worries me is that this people are always here to mislead others with false statements and lies.

this statement is FALSE, SO IT'S BULLSHIT. For example, most people in Spain pay 0.24$ /Kwh. Italy is like 0,26$/kwh and Germany more about 0,27-0,28$/Kwh.

DO NOT LIE TO PEOPLE.  

sorry but if you are a miner just to hold, that's nonsense. In that case (holding) it's better to buy directly the coins , save your money on hardware and on electricity costs and win as much as possible when it goes up (if it ever does) with no bills to pay.

a miner, a mainstream miner, is the one who cashes out everymonth to pay the bill and enjoy the profit. i can accept that as prices are too low, you can consider mining to hold , paying the bill out of your pocket and wait for better times.

But that IMPLIES THAT YOU THINK IT WILL EVENTUALLY GO UP. So at this very moment i ask you to tell me a reason, argument, data, technical analysis or whatever you consider to believe in that. (i do not accept your faith or your beliefs or thoughts as an argument, that's bullshit)

so, the cryptocurrency is supposed to be decentralized, but in fact the biggest coin (BTC) is the most centralized coin you can imagine.

What the heck......

crypto is dying. It's dying because of a lot of reasons.

i'll give you some.

- Miners are getting less profit
- capitalization has decreased by more than 70% right now
- ASIC mining is destroying the world of crypto because it's easy to sell directly your coins to a buyer not needing to trade it, so more coins but not "seen" demand, less prices per coin in the trading "market". It's obvious as fuck.
- Governments and banks consider Cryptocurrency as assets, so they can charge them. In my country, every asset is taxed from 21 to 26% or even more. If prices are down to hell, if you also have to consider taxes, well, you are fucked up.
- Anonymity is to end soon. There is a huge agreement on countries to ban trading without knowing exactly the name of the user. Anonymity is the secret. Money laundering, tax evasion, drug dealers, weapon dealers, terrorists  ,criminals and all that, need this anonymity. As virtual money can be traced and tracked once you disable anonymity, all the money in crypto refered to illegal activities will eventually disappear, and they will return to use money in cash.
- Hacks, is also an important question. More and more wallets are being hacked, problems with security are still there, and that gives great unsecurity to people.
- Moreover that , prices are down to mid december 2017. There is no new money into this business, and day after day, crypto is giving hits in the faces of currently investors, discouraging others that would be obviously suffering this if they invested.
- On top of that, consider technical analysis that says clearly to stay away from crypto. Not a single one gives good news. TBH, i said two weeks ago that one friend of mine that works for a bank, told me that the situation look pretty bad and that less than 500$ was possible. it has become true.

also the uncertainty of regulations is putting away people. They don't know how it's going to be regulated, who will regulate it, the taxes, the rights the are being taken away by laws, etc.....


There are far more reasons to say it will disappear than to say it will survive. Now choose.