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1  Alternate cryptocurrencies / Mining (Altcoins) / incredible as it may seem........... on: October 05, 2018, 10:13:59 AM
ETH is NOT PROFITABLE AT THE MOMENT, but still has 248.000 gh/s of total network hashrate at the moment.

Are people stupid or what???

Lets put numbers to the question.

2 rigs with 12 gpus well optimezed (RX 580 and RX 570) doing 31,3 average mh/s, is doing around 376 mh/s. those rigs are using around 1800w from the wall. The average price in USA is around 0,14$/kWh. In Spain, my country, is around 0.16$/kWh

With these numbers, - 1% for pool fee - 1% miner fee, you get around -10$ per month. So you lose money. But that's considering you SELL your coins to pay the electricity, which in many many cases you´ll not do. So you are paying something around from 480 to 520$ per month to hold your ETH AT A CLEAR LOSS.


Are this people doing this actually dumb??? Do they realise they are expending a lot of money on a gumble that can go terribly wrong?? do this people believe blindly on crypto sooooo much to actually invest a huge amount of money to win probably nothing??? why are this people doing this?Huh


Or is it that that hashrate is probably 70% ASIC?? The E3 can do 190mh/s and use around 760W from the wall. at 0,14$/kWh is making just 10$ a month. Is it worth??? You are still having to sell your coins to pay the bill just to get in your pocket 10$. So E3 users still believe , LIKE GPU MINERS, that ETH is going to be pumped in price, with no reason, fact, technical analysis or whatever shitty argument you can say to belive that. Are people blindly believing in this market, burning out hundreds of millions of dollars in electricity for no instant profit??? WTF is this nonsense???



Now, if you have free electricity or solar electricity, with an E3 you are making 86$ a month per machine. if the price is actually in 1160$, that's not a good idea, because you´ll need a lot of time to even ROI, and that is considering you are selling your coins. If not, than you are investing a good amount of money on no profit but a future profit to come which is bound NOT TO HAPPEN.


I just don't understand. Numbers talk clearly. You have to have free electricity and ASICS to see green money in your pocket , which i'm sure the amount of people mining with free electricity is very small. Very very small.

So the conclusion is: how many of those 248.000Gh/s is mining ETH at a loss??? THE VAST MAJORITY OF THEM.

And that's not even considering the fork that MAY happen in october by reducing 3 ETH per block to 2.


i stopped my machines like 4 months ago. I've calculated how much money i've saved and how much money i would have won if i had been mining ETH.

Numbers show , for me, that mining was a no go since the result is terribly RED FOR ME.


I don't understand this madness. everyday , instead of having less hashrate, IT'S INCREASING!!!!!!!
2  Alternate cryptocurrencies / Altcoin Discussion / We can be near to the game over of BTC. WARNING. on: August 10, 2018, 10:13:19 PM
Jeff deGraaf, head of technical research at Renaissance Macro Research has a more dire warning for the Bitcoin bulls. He said that “once the top is complete”, it may even mean “game-over” for Bitcoin. DeGraff is a highly respected voice in the technical analyst community, hence, his forecast should be kept in mind.


warns and more warns coming. Don't regret it aftewards. You´ve been warned.

3  Alternate cryptocurrencies / Speculation (Altcoins) / ETH is falling. This numbers will blow your mind. on: July 23, 2018, 08:35:09 AM
It's been always said, that BTC runs the fate for other coins. The BTC dependance, was positive or negative, depending on the value.  But this argument is being proved wrong every once in a while, and this is the time to prove it wrong. Or..... is it that ETH is devaluating so much???

real numbers talk.

BTC:

+4.4% last 24 hours
+21.2% last 7 days
+15.5% last 14 days
+26.2% last 30 days
+2.1% last 60 days

ETH:

-0.13% last 24 hours
+3% in last 7 days
-5% last 14 days
-0.87% last 30 days
-21% last 60 days


If BTC is said to push all coins why is BTC increasing value and ETH is going down and down??? Real numbers talk. People are selling ETH and buying BTC. ETH will turn PoS in just a few weeks and people know it will destroy its value. There is already a bullrun in this market for BTC. ETH cannot keep up.

Its very laughable to see people talking about the "future" of ETH. Just ignorants talking. Numbers talk, and talk clearly.
       
4  Alternate cryptocurrencies / Mining (Altcoins) / ETH network hashrate going to the moon!!!! on: June 21, 2018, 07:06:00 PM
WTF is happening???

In 4 min almost 1000GH/s entered the network. ETH is being mined by ASICS. This is disgusting. They are destroying the profit !
5  Alternate cryptocurrencies / Altcoin Discussion / CFTC claiming market manipulation is behind this HUGE drop. on: June 10, 2018, 06:01:10 PM
all said in the description.

The CFTC has launched a probe that 4 major crypto-exchanges have been manipulating the prices, creating huge amount of buy operations to pump the market while there was not a demand for that, so inflating the price.

In 24hours the market cap has been reduced by 20 bln.

ETH has lost , only today 10% of its value. 26% in the last 30 days. 63% down from max price in January. Being optimisc about this situation is a disaster. considering that the downtrend has been going on for 6 months now, and that as time passes by, there are no bulls willing to enter, and moreover, everytime there is a pull from bulls the value stays way low than last pull, this is looking very bad. VERY BAD.

the price is dropping like a stone in our heads. This is gonna end very badly.

6  Alternate cryptocurrencies / Mining (Altcoins) / The present and Future of Mining on: May 22, 2018, 09:13:41 AM
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??
7  Alternate cryptocurrencies / Mining (Altcoins) / ETH network hashrate at unseen numbers. on: May 08, 2018, 11:59:56 AM
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.  Angry

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.

8  Alternate cryptocurrencies / Altcoin Discussion / someone is manipulating the market of ETH on: May 07, 2018, 08:19:12 AM
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.
9  Alternate cryptocurrencies / Altcoin Discussion / ETH will enter PoS at current mining rates in 4 months on: March 23, 2018, 10:31:32 AM
You don't believe me??

Well do the maths. enter here: https://etherscan.io/stat/supply

Then watch a 24 hour period. Vitalik has repetedly said he doesn't want to have more than 100 million.

Once PoS is applied, you will not be able to trade the coin, nor sell it, nor buy and not mine it.

Enjoy your "long term investment"  Grin Grin Grin Grin Grin Grin
10  Alternate cryptocurrencies / Mining (Altcoins) / if you live in the EU, watch your profit. I've already turned off my rigs. on: March 18, 2018, 02:00:54 PM
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. 

11  Alternate cryptocurrencies / Altcoin Discussion / Once PoS will be applied to ETH, what will you mine??? on: February 20, 2018, 10:17:03 AM
According to Vitalik, Casper will arrive soon ,and ETH will go from PoW to PoS and the bomb of difficulty will be activated so no mining will be viable.

The question is: which alt coin will you mine??
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