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All in the name of 'decentralization' more crimes are been committed by scammers but honestly even before decentralized and blockchain become a thing scammers are already everywhere, it's in human nature so no matter what solution you bring to the table scammers will use them to their own advantage.
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When bear market comes it always feels like all hope are lost, really it's not easy to hold coins through a bear market, the feeling of wasting your time will always fill the air, to become a successful holder you have to be disciplined to a stage, make sure you have other source of income too
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Another cloud mining in disguise, @Nursie the telegram channel you drop is full of nonsense like deleted accounts and spams, if you are a newbie pls make sure you know what you are doing, this isn't a right way to acquire crypto coins.
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At the true bottom of the bear market, even if you got cheap or free power, most of you will not bother to mine at all.
In 2019 when ETH was $100, the rx580 made about $0.20 a day in profit with 10 cents electrical it made a total of $0.00 in profit.
So even if your power was 5 cents or free, most wouldn’t bother doing this to make a dime a day per GPU. If you really believed in crypto you would just buy it directly instead of mining it.
I as a person cant accept this, I have already made my ROI back mining ETH and I decide to keep my GPUs but since I'm running on solar energy bro it's smarter to just keep mining, it's not about the dollar it's about how many ETH I can get for future sake. |
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How much you paying for electricity per KW? Mining depends on your electricity bill this is what every newbie should look into before purchasing any mining equipments, if electricity is almost free there is no reason to stop your rigs from hashing away, mine and HODL
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The second payment was lucrative, bounty hunters are able to sell at 280$ per CIFI so even if they paid all allocation on first day they promised no hunter will be able to sell at such high price because CIFI wasnt huge in price at the time but still this isn't an excuse, promised allocation must be paid
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I don't think that the bulls are actually back, be careful of bull trap mate many investors are already existing the market and no big money is coming in again, the only way forward is let bears play out the game to restore some balance into the market, this is unavoidable
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That's over 120MH well it depends on how long you tend to keep mining for, it's actually a good offer if you are determined to keep mining in bearish season which is possible from any time now all you need to do is keep your mined coins for future sakes
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I have gainward GPU and Palit they are good brands, the only brands you have to be worried about are from China and they have weird looks mostly nameless and probably have some stupid cartoonish style looking on them, they have very poor cooling like YESTON GPUs for example
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They are scam, I invested in one not gonna lie the name is axienomics they reward holders with axie infinity every few hours in a day but this project has nothing good to offer, once I saw a good exit I took my profit and move on now the project have lose tons of value just as expected, do not invest money on such tokens they are Ponzi schemes
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Coinsbit isn't that bad and it's a good place to start also you can find Dex like pancakeswap which I believe should be cheaper, this is why coins aren't meant to be developed if you aren't financially funded, instead of doing this why not gather a team first and raise money through IDO or IEO?
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You can only change the allocation of your coins if you take profits and buy back the dips it's called buying low and selling high, with the way things are going right now I smell more dips I believe it's time for bears to trample on crypto market for a while, smartest plan is hold few USDT
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Bear market will eventually takes place, I believe that the only way forward is dips and dips and dip till the value of every coins are not good in the eye anymore, 2021 will be the best year to sell not 2022 as for miners be prepared for the inevitable we will once again see 30MH giving 50cent per day again, buckle up
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Stop using windows OS for mining especially with AMD cards its terrible, try hiveOS and all your problems will go away in minutes, hive OS is the best home for AMD graphic cards when mining
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Staking has its risks mate if that project value goes down it will affect your rewards, if you can only stake the project on a exchange anything can happen to the exchange, don't ever believe that there is no risk involved in staking coins if anyone told you otherwise you've been lied to.
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@FP91G you do believe that the Ethereum POS is really coming and PoW mining will end? How certain are you? If this happens it will affect other coins as well because their difficulty will surge I doubt they will remain profitable
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Just like ETH 2.0? I don't think it will be easy for any new projects, bridging smart contracts together to reduce gas fee won't bring any huge difference this problem can only be solved by or within the project itself (blockchain), cross bridge transaction already exists but gas is still very high
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Both graphic cards are good for mining, the Nvidia is more quieter and cooler than the AMD, I don't like troubleshooting much but if this is your thing then go for the AMD, some are even getting 50-52MH on Vega 56 with Samsung and Micron memory type
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Thanks everyone the problem is from the riser connector, it gets so lose as time goes on maybe slowly while mining cos there is little vibration from the GPU fan spinning and also power supply spinning since the rig is on a table, anyways I found a better one (from a friend) it sit better in the x1 pcie slot, I will wait and watch this for days
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Its not going to happen this year, we've been in bull season since December 2020 and you still want or expect BTC to reach 100k this year? Lower your expectations fellas bear is a necessity here, we need to go into another bear phase first which could take a long time before another bull season again
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