Stupid or smartness

[5W-KILO]

But a graphics card can't be worth $0 like a cryptocurrency. Even the RX 580 8 GB graphics card can play many modern games and its price will not fall below $100 if it is in good condition. Even if it is cheaper, then what price will the RX 550 2GB have? RX 560 4gb? RX 570 4gb?

I agree with your general idea of GPUs having gaming value, but I don't think we are anywhere near the price floor for current-gen video cards. RTX 3060's are selling for $330 used today, but let's say they end up at $200 in 3 months if today's coin prices stay steady. That is a capital loss of $130 / 90 days = $1.44/day.

You will get $0.60/day of profit mining CFX at free power. That won't compensate for the $1.44 in capital loss. So the most profitable decision would be to sell that RTX 3060 today rather than take the -$0.84/day = $75 of loss over the next 3 months.

After I did the math, I came to the conclusion to sell *now* instead of riding the market down.

Coin farm ventures when do you think it's the best time to start buying GPU? With the way you sound it seems like you knew when the bottom will be, what's your target for BTC and ETH on the long run through this bear market? ETH is under 1000$ right now, maybe we are heading for 700$ per ETH?

[blue_hurricanger]

...

You're half right for GPU miners right that they weren't in the bear market for mining yet. But this is only for miners with high-end GPUs. The bottom one with low-end, outdated GPU like RX 580, they're really in the danger spot now since their GPU has very low efficiency. If ETH price drop lower, sure the high-end GPUs or ones with high efficiency can still weather out, but the low efficiency will be out of the mining game right away unless you got free electricity. OP's 1660s ain't have a good efficiency rate so him selling some of his cards and diversifying it to alts or fiat is still a smart move to me. Why take a risk, right?

Miners with RX 580 video cards and analogues are attaboys, because they have been mining Ethereum for a long time and paid for these video cards many times over. I have these graphics cards and I don't feel in danger. Even many miners will continue to mine at a loss for a while after ethereum mining ends because they had a good profit.

It's just from an investor standpoint. You paid for all of your cards many times over but that doesn't mean you shouldn't consider dumping them for profit if you anticipate the market will go lower. The profit paid per day doesn't worth the effort when you can get paid in full, in one installment. Turn that new money into an investment in cryptos when it was in the market downturn, every crypto looks cheap and attractive to hold long term. Especially with the PoS hanging in the future for ETH mining so again, why take a risk (or potential gain) on those outdated cards?

[Coinfarm ventures]

Coin farm ventures when do you think it's the best time to start buying GPU?

I don't know when the market 'bottom' will happen. All I know is that based on my experience with the past 2 bear markets, today looks like a bad time to buy video cards. Used GPU prices have not caught up with the crypto crash. It takes a few weeks or months for video card prices to reflect the new reality. On top of that, we have the PoS uncertainty. That is why assuming BTC is stable at $18k with no PoS this year, my price target for RTX 3060's are $220 and $350 for RX 6800's. If PoS happens, subtract $50 from those targets.

[FP91G]

But a graphics card can't be worth $0 like a cryptocurrency. Even the RX 580 8 GB graphics card can play many modern games and its price will not fall below $100 if it is in good condition. Even if it is cheaper, then what price will the RX 550 2GB have? RX 560 4gb? RX 570 4gb?

I agree with your general idea of GPUs having gaming value, but I don't think we are anywhere near the price floor for current-gen video cards. RTX 3060's are selling for $330 used today, but let's say they end up at $200 in 3 months if today's coin prices stay steady. That is a capital loss of $130 / 90 days = $1.44/day.

You will get $0.60/day of profit mining CFX at free power. That won't compensate for the $1.44 in capital loss. So the most profitable decision would be to sell that RTX 3060 today rather than take the -$0.84/day = $75 of loss over the next 3 months.

After I did the math, I came to the conclusion to sell *now* instead of riding the market down.

The math in mining changes every day.
With an Ethereum price of $ 1,000, you have a profit of 60 cents, but you can sell coins when the price approaches ATH.And your profit will be 5 times more.

[Coinfarm ventures]

The math in mining changes every day.
With an Ethereum price of $ 1,000, you have a profit of 60 cents, but you can sell coins when the price approaches ATH.And your profit will be 5 times more.

The math absolutely does change, but my point is that since I thought video card prices were too high in proportion to the fiat profit (profit fell by half, but GPU prices only fell by 5-10%), I decided to sell half my video cards while I could still get a decent price. The fiat profit matters because it influences GPU prices, even if I don't care about it myself.

I will sit on the cash, then when GPUs are cheaper, use the cash to buy more cards than I sold.My priority is mining as much coin as possible during this crypto winter, therefore the # of cards does matter.

[swogerino]

The math in mining changes every day.
With an Ethereum price of $ 1,000, you have a profit of 60 cents, but you can sell coins when the price approaches ATH.And your profit will be 5 times more.

The math absolutely does change, but my point is that since I thought video card prices were too high in proportion to the fiat profit (profit fell by half, but GPU prices only fell by 5-10%), I decided to sell half my video cards while I could still get a decent price. The fiat profit matters because it influences GPU prices, even if I don't care about it myself.

I will sit on the cash, then when GPUs are cheaper, use the cash to buy more cards than I sold.My priority is mining as much coin as possible during this crypto winter, therefore the # of cards does matter.

That is the right thing to do.Keep mining in this crypto winter while we wait for the price of cards to fall even further but for me even the prices now for example of a Rtx 3060 at 399 EUR brand new with the 100% unlock at 49 Mhsh is a very good price,with 3000 EUR you can build a full rig with 6 such cards.It is in these times that difficulty goes down and it has for Ethereum which is at 12.79 P for the first time in a couple of months below 13 P so things are looking good from a mining perspective no matter we are in a bear market.

[Coinfarm ventures]

a Rtx 3060 at 399 EUR brand new with the 100% unlock at 49 Mhsh is a very good price,with 3000 EUR you can build a full rig with 6 such cards.It is in these times that difficulty goes down and it has for Ethereum which is at 12.79 P for the first time in a couple of months below 13 P so things are looking good from a mining perspective no matter we are in a bear market.

I would avoid the RTX 3060, RTX 3080/3090 and all Radeon models because they aren't good at mining non-ETH coins. The cards I sold were entirely RX 6800's or RTX 3060's. I kept my RTX 2000-series, RTX 3060 Ti and Tesla P100 rigs because they are great at Zelhash/Autolykos/CNGPU.

Times are not 'looking good' to build a new mining rig because video card prices will decline even more in my opinion. This trend will keep continuing:



If this $60/month decline continues for just 2 more months, we will reach $250 per RTX 3060.

[5W-KILO]

Coin farm ventures when do you think it's the best time to start buying GPU?

I don't know when the market 'bottom' will happen. All I know is that based on my experience with the past 2 bear markets, today looks like a bad time to buy video cards. Used GPU prices have not caught up with the crypto crash. It takes a few weeks or months for video card prices to reflect the new reality. On top of that, we have the PoS uncertainty. That is why assuming BTC is stable at $18k with no PoS this year, my price target for RTX 3060's are $220 and $350 for RX 6800's. If PoS happens, subtract $50 from those targets.

I am still surprised that Ethereum difficulty is not down yet, I mean yesterday the chart was going down fast this morning I see that its back to the 14 P again, a single 1660 super now gives 0.40$ per day I believe this is low enough to scare many miners off lol.

[Widdop37]

a Rtx 3060 at 399 EUR brand new with the 100% unlock at 49 Mhsh is a very good price,with 3000 EUR you can build a full rig with 6 such cards.It is in these times that difficulty goes down and it has for Ethereum which is at 12.79 P for the first time in a couple of months below 13 P so things are looking good from a mining perspective no matter we are in a bear market.

I would avoid the RTX 3060, RTX 3080/3090 and all Radeon models because they aren't good at mining non-ETH coins. The cards I sold were entirely RX 6800's or RTX 3060's. I kept my RTX 2000-series, RTX 3060 Ti and Tesla P100 rigs because they are great at Zelhash/Autolykos/CNGPU.

Times are not 'looking good' to build a new mining rig because video card prices will decline even more in my opinion. This trend will keep continuing:



If this $60/month decline continues for just 2 more months, we will reach $250 per RTX 3060.

Respect, those are valid points, graphic cards like 3060Ti, 3070, RTX 2060 Super and 2080 ti are so good for other algorithms, I could add RX vega graphic cards but they are old, as old as these vega cards are they are so good for Autolykos algorithm.

[FP91G]

The math in mining changes every day.
With an Ethereum price of $ 1,000, you have a profit of 60 cents, but you can sell coins when the price approaches ATH.And your profit will be 5 times more.

The math absolutely does change, but my point is that since I thought video card prices were too high in proportion to the fiat profit (profit fell by half, but GPU prices only fell by 5-10%), I decided to sell half my video cards while I could still get a decent price. The fiat profit matters because it influences GPU prices, even if I don't care about it myself.

I will sit on the cash, then when GPUs are cheaper, use the cash to buy more cards than I sold.My priority is mining as much coin as possible during this crypto winter, therefore the # of cards does matter.

If I buy video cards, it's for at least 3 years. Video cards can be called a reserve asset that brings a small profit. It is better to trade mined coins if you have experience and desire.
If you have one or 2 mining farms at home, and you decide to sell them while profitable, then this may be a good solution.
But if you bought a private house with a good energy tariff for mining, equipped it and sold video cards, then your investment will not work. In my country, such a house in the village can be bought for 10-15 thousand dollars with a tariff of 0.045 dollars per kilowatt. But the maximum consumption limit is 15 kilowatts.

[devil2man]

In my opinion you were right to sell the 1660, polkadot is a good investment maybe not invest all the proceeds you could do a part for a more performing gpu and a part to buy polkadot

[DevFile90]

I believe that the worst have already happen to crypto market, if double bottom happens to BTC price then the bear market bottom is in already, the first one was 17k and the second still remain unknown, I am saying this because I think it's stupid to pick one side and leave the other, selling part of the rig to buy altcoins is not bad at all and holding on to some rigs is balancing.