GPU mining - Am I better off inventing time travel?

[Randey Lahey]

No matter what, I agree with this guy that you are an idiot to overpay for a new video card to mine right now:

https://www.pcgamer.com/as-gpu-shipments-rise-analyst-cautions-it-would-be-foolish-to-buy-one-for-mining/

People are delusional if they think this is going to last forever i.e. tools predicting a $10K ETH price.  The powers that be will never allow that to happen.  Miners are a TINY minority of the population and therefore a TINY percentage of the voting public.

[philipma1957]

Eth is paying $0.0847 an mh

To all the bears play some shorts.

Myself I will mine.

[Metroid]

No matter what, I agree with this guy that you are an idiot to overpay for a new video card to mine right now:

https://www.pcgamer.com/as-gpu-shipments-rise-analyst-cautions-it-would-be-foolish-to-buy-one-for-mining/

People are delusional if they think this is going to last forever i.e. tools predicting a $10K ETH price.  The powers that be will never allow that to happen.  Miners are a TINY minority of the population and therefore a TINY percentage of the voting public.

If you say that, trolls will come here and say you are lying to them because you don't want the difficulty to rise, they think you want all that mining money to yourself hehe, trolls are mindless as always, bitcoin already rose 15 times and trolls think btc is good to counter inflation ehhe, how buy something 15 times more than 5 months ago is good to counter inflation? hehe, i mean if we were talking about venezuela yes, that place inflation has 1000% per month, inflation in the USA is around 2% year, so how buy something that is up 1500% is a good thing to protect against inflation of 2% per year? see what I'm talking about, trolls are mindless.

[Randey Lahey]

Eth is paying $0.0847 an mh

To all the bears play some shorts.

Myself I will mine.

Yah, with existing cards, or are you one of the dummies paying double for new cards?  I am mining, so long as it's profitable.  You never answered before...what were you saying in 2018?  Same as what you're saying this time?  Endless bull?  All the government has to say is it's banned, and everyone is finished.

[User_86]

So much FUD. You people do realize there are better ways to make a profit than to push weak hands out the door, right? regardless of your pick of coin, the blockchain gets more valuable and more robust the more people and nodes are on it.

GPU miners out there, I'm with you.

[philipma1957]

Eth is paying $0.0847 an mh

To all the bears play some shorts.

Myself I will mine.

Yah, with existing cards, or are you one of the dummies paying double for new cards?  I am mining, so long as it's profitable.  You never answered before...what were you saying in 2018?  Same as what you're saying this time?  Endless bull?  All the government has to say is it's banned, and everyone is finished.

All the USA needs to do is do what Norway did .  What did Norway do? Put a piece of btc into pension funds for every Norwegian> If the USA did this the upside is 10x to 20x

So while you spread darkness and doom I will simply counter balance your bearish predications.


https://decrypt.co/44581/norways-government-bought-all-its-citizens-some-bitcoin


and it whaled.

So the USA could simply do the same.

I am not saying that profits will get higher
I am saying they will:

go flat
go lower
go higher

and that you simply do not know what one of the three will be true in 30 days or 60 days or 90 days.

I am saying buying this card on ebay from me

https://www.ebay.com/itm/VisionTek-Radeon-RX-5500XT-8GB-GDDR6-GPU-Used/164739901200?

Is either :

smart
stupid
in between  smart and stupid.

It is the lowest priced working amd 5500xt  buy it now card on ebay.

I have 16 of them and I am testing market desires by listing it.