For a 180mh/s 6 gpu mining rig, the actual profit is around 60$ per month (considering electricity costs).

Mining is dead at current prices. 

unfortunately, this post is not to discuss actual reality, but a paralel one based on faith.

They absolutely have no clue of what they are talking about. they have no arguments, ideas, news or technical data to tell you this is gonna revert in 2-3 weeks. They are just talking as autocomplacency.

This deep will last at least 2 more months, and loses have already been hard. they will go way down. G20 will definetely kill crypto.

Their argument is based on a big lie: they think and say crypto has gone through this a lot of times. The big lie is that those times where for different reasons as this ones.

Before there were problems with technology, security, team, developpement phase or even sells due to big profit. Now we are dealing with goverments, banks, bans, legislations, laws , regulations, taxes and the final state of anonymity of transactions impossed by goverments and banks.

This deep is far different from the others. They don't know this. And they feel this is temporary. They have no clue. And it's irresponsable to actually believe any word they say about it.

another blind faith post talking about shitty opinions and not a single argument to be considered. OMG, they never end.

Any reason to see green market?? no. as always.

in 4 months it will go PoS at current mining rates. you´ll not be able to trade, sell or mine the coin. The only value will be smart contracts signed, which are very little with almost no profit.

End of the post and topic.

this adds to facebook and google.

They are forced by banks. banks are getting far less money to lend, and that affects their income. Who is stronger? investors or goverments and banks. Watch the situation, analyse the technical analysis and act.

Goverments and banks want to control your money. The more money in the crypto, the less for them to tax and control. They will do their best to crash crypto. They havent even begun to regulate and they've already made the cryptomarket lose 60% of its value.

What do you think it will happen when all get together to crash it with taxes, regulations, bans and laws???Well, it will happen what it's happening, but way harder.

that's supposing you´ll get your money back, which is imo uncertain. Why would you believe on that having no arguments or reasons to believe it=?

to begin with, Cryptocurrencies have never seen a drop like this.

many people are lying. Some because they are developpers of coins and want you to keep the coin to hold as much value as possible. Some because they are paid by developpers. Some because they want you to buy coins so that they can sell with the most profit o return money possible. Bulls will want you to buy more and hold more. Bears will tell you to sell if they havent got coins, and hold and buy if they already bought them, so that price goes up and they sell with little profit. Then, another time will tell you to sell to drop another time the price.

No matter how hard this guys lie. You can do your own research. never ever have cryptocurrencies gone through what is happening right now. The major deeps in the past where because of technological issues, hacking, very low quality projects, or massive sells due to massive profit.

Nowadays the problem we have is that GOVERMENTS AND BANKS want crypto to disappear. Why? because as banks get less money to lend, goverments get less money and debt bought by them. They need each other. Banks are moving the strings behind the scene , forcing goverments to crash cryptos.

I think very few people here will tell you what i'm telling you, because most of the people here are extremist radicals cryptocurrency fighters, that will tell whatever fucked up reason they can think of so that you don't think on your own benefit.

Bare this in mind: technical analysis says this scenario is the worst ever lived by crypto. Then consider all the bad news appeared, and the huge negative ones that are coming from G-20.

Now, my advice? i know the market will not recover in probably a year. i'm not talking about full recover. i'm talking about stable market. If you don't need that money, you can play a risky game and wish all will go well. my best advice, considering all, is to sell and do it fast.

cryptocurrency is for people that strongly believe in assets that have no material value.

Most of you are just blind faith guys. You believe in something that it's getting rekt, and you are telling the others, not only to hold and lose more, but to buy more knowing that you can still lose it.

You are really mad.

lots of blind Faith here.

OMG , you deserve losing it all!!!!!

NEVER!!!1

Before that, PoS will be applied in 4 months time and ETH will be valuable almost for nothing due to the fact that the developpers have not signed any important smart contract, so the coin will be left for only its technology value, which is almost nothing.

Been saying this many times. But people are ignorants.

just a few comments on this.

1º many people , specially investors, whales, traders and more are in for PROFIT. They are not moving their money. Someone is doing it for them on most cases. They will even KILL the guy that invested in crypto if he loses money. So sells are done very quickly

2º the other day a friend of mine that works for a investors company told me that , according to his numbers, a huge a amount of sells are being made by automatic stop loses. He has seen quite a few technical analysis of cryptocoins, and has told me to stay away because this downtrend is huge and has not stopped.

3º crypto can die. and as price goes down, the more is visible that that can happen. It's simple to give an argument: you guys, with all your coins, can have what? 3 million dollar all of you? a small investor can have 100 times that. Your opinion counts for nothing. you are a small stone in the road of crypto.

4º you can hold if you want, it will make no difference. Big investors have almost all coins and they are selling like mads, because today, Blockchain technology is still to be proved, with a future a huge taxes, with enabled control over investors (destroying anonymity) and very volatile future and value. The worst sceneario is here and the reaction is VERY CLEAR.

5º If you analyse current technical analysis, you can see that bears have already won. They have also the goverments and banks against crypto. The most powerful enemy of crypto can actually do whatever they want to crash it to hell. Taxes, regulations, bans, everything.

6º ETH is at the moment the worst performer coin of all. goes up less than the most important ones, and goes down more than the others. The reason why is because as we approach 100 million coins supply , Casper is near. All ETH investors will be left with a coin non tradeable and that it can not be mined (the final for a huge amount of miners) that is valued only for the smart contracts signed which are, BTW , very small with almost no profit. ETH is dying faster than any important coin. Vitalik has said repetedly that he doesn't want more than 100 million coins on that blockchain. So ETH is just about 4 months time from PoS. That's like saying that if ETH does not go back to where it was in 4 months, you will get no profit. i laugh hard when ignorants talk about ETH being a long investment. They are just morons.

7º finally, the G-20. As it approaches, the market goes down at even higher speeds. Very bad news are going to come this next week. AFAIK, investors have been told to solve positions in crypto because huge loses will come. Some people lie to you saying this is due to uncertainty. That's bullshit. They ran away because they have the certainty that that will happen and that cryptoworld will collapse.


Now , lets be clear here. there is not a single reason, except blind faith, to tell the other people to hold or that this is a temporary crash. All technical analysis, apart from other bad news say that there is not a single argument to say this is gonna be green. Nothing. risking your money and probably other's money just for faith in a technology is not the smartest thing to do.

i would say 99% of the coins are worth nothing, and they got some value because you could mine them very cheap and exchange it to BTC. It was a way to mine BTC with normal hardware.

PoS is arriving in just 4 months at current mining rates.

I don't think ETH can get to 600€ in 4 months. I think the G20 is going to make a tsunami of blood in crypto that will almost crash everybody.

ETH to 5000$. Not even 700$ before PoS is applied.

considering that at current rates we will get to 100 million coins in 4 months, which is said to be the limit Vitalik said he would apply casper, making it impossible to mine or trade the coin....i think even considering ETH to get to 1000$ is just lying hard.

i think ETH will enter PoS at a price no more than 600$ in 4 months (and i'm being optimistic). 

you don't understand? it's very easy. BECAUSE ALL INVESTORS ARE IN FOR THE MONEY AND THE PROFIT, NOT THE TECHNOLOGY. As soon as goverments talked about bans, regulations, taxes and all that, huge investors went away and will never come back.

Your big error is trying to match the technology and the price. Has nothing to do if you take profit out of the equation.

WTF are you talking about???

ETH will reach 100 million coins in about 4 months, and vitalik will apply PoS so that no one can mine or trade the coins. So you are actually LYING TO PEOPLE.

GTHOH

one fact.

I laugh very laudly when ignorants say people to buy ETH and hold it for a long period investment. Let me tell you something

VITALIK HAS REPETEDLY SAID that once ETH reaches 100 million coins, he will apply casper. At current rates, we are just 4 months time from it. So if ETH does not recover this massive drop in 4 months, or at least part of it, YOU WILL LOSE MONEY. This is a FACT.

Why? because once casper applied, the coin will not be tradeable nor mined. So actually the coin will be valued only for the technology. And we are all seeing what IS LEFT for those believing in technology over profit (just 30% of its max value).

I also laugh laudly when people tell you either to hold or to buy more. They are actually telling you to lose money, the more you wait, the more you lose. This is gonna be the biggest crash you´ve ever seen. I've been two weeks now saying this. Noone believed me. Everybody said that the market will recover. And when you ask for actual arguments or reason, the most you would hear is faith, a blind faith in something that is collapsing.

Imagine if this is happening now, what will happen when G-20 begins talking about taxes, regulations, bans and investigations with one objective: search for investors and crash them to hell. Banks are moving the strings behind the scene to force goverments to act, the harder the better for them.

Be patient, and you´ll probably get no money back. don't believe in people saying this is a temporal problem. They are liers. Technical analysis says this is gonna be a brutal disaster.

You´ve been warned SO MANY TIMES. This time will not be like the others. The other times were just corrections. Nowadays it's goverments who are behind, and that's definitive for me.

Good luck to holders. You´ll need it.

actually, mining nowadays gives you less profit (considering the investment) than buying the coins.

Lately, i've been seeing a huge amount of cards being sold on Ebay. A friend of mine has bought a Sapphire RX 580 nitro+ 9gb special edition (the blue one) for just 300€ shipping included, and that's absolute madness because the actual price of that card in my country is about 479€.

The mining community is not strong. And, as time passes by, and we continue getting less and less profit due to blood bath market and increased difficulty.....our future is very black.

none.

Even BTC is fighting for not disappearing.

technical analysis shows that cryptocurrency is going to crash. most show that it's more possible to see BTC at 2800$ than at 10k$. So if you only take into account technical analysis, what you should do is just sell and get as much money back as possible (since the cryptoworld is going to disappear in one week, with the G.20 meeting talking about bans, hard regulations and investigations for thousands of investors.

Intuition says that if you see blood, and bad news everywhere, and moreover you cannot see or expose a good argument for thinking on trusting cryptocurrency, is better to stay away.

If you consider both, and you still have coins, .....well....you are either ignorant or something worse.