they are getting REKT, and market is dying. Banks will put everything they have to deter people to continue supporting this market. And it's dying. YOu cannot deny that.

there is no future for altcoins. Banks are investing huge amount of money on Bear market to deter people from investing. IN fact, and this is absolutely undeniable, big supports are becoming huge resistances. The market is going down. It's been going down two years no, and it will eventually go to 0.

This is the worst and biggest scamm market human kind has ever seen. This game makes maddoff seem like a silly guy. This market is doomed. I don't care if you invest or you leave. I solved all my positions on this, so i have no interest in this market anymore.

You have one "back door" right? if you continue believing in this market, bears will make you another one for free with your own money.

You will get REKT, the same as all the people that think like you. BTC is never ever going to succeed.

this entire f*cked up market needs long term holders. They encourage it. Why? Because if you know for a fact the there is a variation that you can calculate on how much coins are bought and sold and how many will not do anything just hold, you can calculate your error with good margins.

For example: I know for a FACT that there is a HUGE resistance in the 200$ range for ETH. And A BIGGER ONE in the 235$. Both two used to be supports, now are big resistances for bulls. This means that whenever ETH gets there, the most possible thing that will happen is that it will dump. So you can be pretty sure that selling in the 200$ means profit.

Now, imagine you've sold at 200$, and you want to buy the same amount and keep the profit right? Now, ETH is tricky here, because there is not a base-line. Bears are pushing and crashing down the market of ETH making it totally difficult to predict where it will stop. But you can be pretty sure bears will not let you go above 200$.

Make a guess. You can be fearly confident that prices of ETH will not dump in to the sub-100$. At least, there is not a single TA that i've seen that says that. But...on the contrary, i've seen TA for BTC going to 2,5K , or even lower.

Long term holding is not profitable anymore. Sharks, whales, aggressive traders and marginal traders are making money in the moving averages of the scale. almost everyweek they garantee themselves 10% profit if they are on the spot. 5% is a bad weekly result for them. So take a guess who is winning with this.

 

Blockchain domain, will not succeed , since the potential amount of users and customers will be so low, any infraestructure created will be non cost-effective and shut down quick.

Forget about that idea. Crypto is slowly dying. You cannot fight against banks and governments. And over all, you CANNOT FIGHT AGAINST PEOPLE GREED. Crypto is going down and will eventually go to 0.

10 to 20 years to adopt, and by that time, probably crypto will not be needed. This is a big scamm and all of you will suffer.

SHORT ANSWER: NO.

LONG ANSWER: F*CKING NOOOOOOOOOOOOOO

This market is doomed. You will be able to win some money from time to time, but to go ATH? never again. And consider everyone saying it, a big SCAMMER.

Prices are going to dump below the resistance of 160$, but ETH hashrate continues in the 190ish Mh/s. How mad is that??? or maybe ASIC still have enough profit to continue mining???

ETH devs, you deserve to go to hell ASAP. What a disaster for GPU miners.

95% of investors lose money. So almost all of you have lost money playing this game. The problem is that you don't want to admit it because you don't want to wake up from your dream of "get rich quickly sitting on my sofa".

The value of coins is based on manipulation. That's why, for example, ETH can drop it's value 20% in 2 hours. WTH happened to see this? Did the technology failed??? the system was hacked or crashed??? Did ETH network get destroyed? What happened?? Well, what happened was that big whales and sharks wanted their profit.

Now, Would you invest 100€ on a bussiness that moves 1000€??? Yes, right?? Would you invest 100€ on a coin that you don't know how much money it wins with smart contracts??? Hell NO!!!.

What would happen if ETH devs said: Well, our Cap is 18 Billions right now, but our bussiness makes 30 billion. Well....lets invest!!!

But....which is the reason why ETH devs, and all the other coin's devs don't ever share the amount of profit their blockchain generates??? Obviosly, because that amount is ridiculously low.

Would you invest on a coin like ETH with a Cap of 18 Billion, with a 24h transaction number of around 13 Billion in value??? I´ll tell you the other way. Would you invest on a bussiness that moves 60% of the total value up or down in 24 hours?? HELL NO.

So....no do whatever you want. As this bear market consolidates, more and more investors leave. 95% of them, according to statistics lose money in this game. 95%!!!!!!!!

Deal with it. This market is doomed, and will not help any one with this.

People thinking on adding more GPUs to mine?? insane. Brutally insane.

Low profit + massive dump = game over for miners right now.

If i had my machines online, i would be losing 10$ per month mining ETC (after electricity bill) and winning around 15$ per month mining ETH.

No go. The question is: are so many people mining at loss ETH? Or is it that ASIC can still make some decent profit and they stay online after a massive 20% drop in price???

It's a good question, with simple answers.

1º If you believe ETH will go UP in price, you are losing money with your GPUs offline.
2º If you believe ETH will hold the actual value, or even get lower, it's better to sell them. I don't see so much offerings in second hand markets, since all people that wanted to move on, have sold them already. Prices are going up in second hand markets. In Spain you can actually snipe RX 570's 8gb from Sapphire for around 100€ or lower, and get around 30-32 mh/s with 140W total power consumption per card.

3º If you think Progpow will go online, and ASIC rekt, you can hold your GPU's, but again, profit depends not only on hashrate but on price per coin aswell, so you actually return to points 1 or 2.
4º If you think, like me , that progpow will not be applied, and that DEVS don't care about GPU miners and they will go directly to total POS with 0 reward per block, leaving ASIC go camp ETH with their massive hashrate with ridiculous efficiency, than you should ask yourserf if you want to switch to another algo or sell GPU.

193.600 Gh/s today. DAy after day, the hashrate is increasing.

New ASICS entering the market.

That is why , whenever ASIC enters the game, it's game over for GPU miners. And this is why i've always hated ASICs. ETH devs care from 0 to nothing about this problem. I don't even think they will apply Progpow. They will go directly to POS and reduce reward to 0. Almost 100% sure they will let ASIC destroy profit for GPU miners.

Efficiency wise and all this "climate change issue", they surely think it's better to have 1000mh/s using 1500W, than 1000mh/s using like 4kW or more. This madness is already too big to deal with it. Profitability is just a joke. And i aggree. This increase in hashrate is ASIC related, almost 100% sure. Noone is building GPU mining rigs with POS incoming my 1Q of 2020. Innosilicon is doing what bitmain did and has continue doing for a long time: design their own machines, and put them online winning extra money. First for mining, and second for cleaning and selling "old hardware" for people once they had a more powerful more efficient one online.

This is not what crypto was about. it was not created for being centralized, but it's the most centralized market you can ever imagine. 55% of all BTC hashrate is in China. Even with the ban, chinesse people are moving away their hardware to places where there is no such control.

your answer is just to simplistic. Let me tell you.

By 20-12-18, the price of ETH was nearly 90€. It was non profitable. But!!! and this is the issue, all the other alts were doing far worse than ETH. This made a huge amount of Hashrate from other alts switch to ETH.

But that case is not this one, since there is no hashrate switch from other algos to ETH. It's just new hashrate into the market. Which totally invalidates your statements.


It's not that i cry. i don't care. It's just how miserable you have to be, to turn on your gpus generating heat and big electricity bills to gain 30$ on a month.

it seems that there is new players in the game

from 27 august, to today, we have gone from 170.000Gh/s to 189.000Gh/s. I haven't seen this enormous hashrate switch from any other coin. All other coins maintain normally their Hashrate. So this increase are new players. Big farms switching from place to get better price per kW? probably.

New ASIC coming online? probably.

is this madness going to continue?? are really people investing into new rigs to get something around from 10 to 40$ month profit after electricity? are people so desperate???

moreover, if you are going to mine with the CPU, it's possible that the datacenter will suffer from lag, ping issues, or not being very responsive to a certain type of normal work while mining. This is to be considered because the quality of the service can be very bad on certain moments.

I would never mine cpu algos, and i would never ever do it with a datacenter. I think it's a terrible mistake (leave aside the problem of cost per kW)

why do you keep telling me a name i don't know?? Am i supposed to be that person, Miguel Sánchez? Jajajaja. That's not my name and i don't know that person. Sorry. ahh ok, so you typed my nick on google, and you said the name the first link showed on Twitter (as if people could not name theirselves with fake names). Is this "the work and thinking" you use to show us you win money mining?? LOL!!!

Look at your poor argument. It's just ridiculous. I post says "WHEN ETH GOES POS". Can you figure out that or not? You can still make money mining coins. Specially with Nvidia ones. But once ETH goes PoS is game over. If today you have to do a great research to win some bucks (and here is were i value my time more than yours, because i don't invest my time on 100$ per month profit) with ETH up, imagine with ETH POS.

Anyway, i will continue to speak clearly here, and sorry, if you work for this and you need this scamm to continue to get your money, SORRY!!! Life is hard.

As i said, GPU mining will be irrelevant, probably next year.

Go to page 1 and read my comment there.

Now, Just to give you some tips. Only 6.000GH/ in the network ETC hashrate can make the coin profitable or unprofitable. A friend of mine is mining with 10 gpus at 278mh/s ETC. If the hashrate gets to 15.000GH/s, the profit goes to 0. literally 0.

When ETH goes POS, there are at least 150.000GH looking for a new "home". So you can pretty much predict that once ETH goes PoS, ETC will die aswell. We are not even talking about getting little profit. You´ll lose hundreds of $ in electricity for what you receive. Unless ETC gets it's value x30 (which i can tell you, it will not happen).

All minable coins will get their profit destroyed the next day ETH goes PoS, so GPU mining will die? probably not. What will die is your profit. You will still be able to mine ETC, but at a loss. Or Monero, at a loss. Or even Ravencoin, at a loss. Any profitable coin will die the next day.

Now, have you read about Bitmain? It's going to increase 50% their current hashrate. They are building new chips to mine Bitcoin, 50TH/s each. they are building 600K chips. So, small BTC miners.....you know what that means. You can count with the fingers of 1 hand how many coins are still ASIC resistant and profitable to mine. Probably you´ll end up not needing 2 or 3 fingers of that hand to count them. and those will get REKT the next day of ETH PoS. Is this looking good? no, it isn't. It's a f*cking disaster let's be clear.

i don't see future on this. And investing into mining is the dumbest thing you can do right now (unless you invest into solar power) which....BTW, will not save your problem since the hashrate of all left coins will be so big you´ll not be on profit even on solar power. So...the thing looks so terrible, that you may not be on profit even investing on solar power because the hashrate of the mineable coins will skyrocket. If there is no increase in value, well...you know....that's game over for the vast majority of miners.

Ohh BTW, someone said that nowadays a lot of coins are appearing and that they are mineable. That's false. brutally FALSE. There are not appearing mineable coins. And there are no future project (to my knowledge) planned to release one. So....We have what we have, and no good news on new mineable coins