GPU scarcity finally going away?

[cmyk-B]

No one know what the market is going to look like next year. The global markets are all detached from reality and running on speculation and fear. The Crypto market more so then others. People are watching all the i bought a lambo videos on youtube, running out and buying GPUs. Have you seen discord lately everyday people saying I got a GPU how do I mine. These are people that have no idea what mining is or how to even assemble a computer but they are buying GPUs because they all want a lambo.

[Metroid]

No one know what the market is going to look like next year. The global markets are all detached from reality and running on speculation and fear. The Crypto market more so then others. People are watching all the i bought a lambo videos on youtube, running out and buying GPUs. Have you seen discord lately everyday people saying I got a GPU how do I mine. These are people that have no idea what mining is or how to even assemble a computer but they are buying GPUs because they all want a lambo.

Yeah, trolls should be very careful, being greedy is good, too greedy is not good, gamble only what you are willing to lose, because what I can see is death, misery and trolls crying it out saying to themselves "why I did not sell", The last bulltrap is close, so if you have not sold yet then do not miss your last opportunity. There is still hope for you hehe

[Pendrak]

No one know what the market is going to look like next year. The global markets are all detached from reality and running on speculation and fear. The Crypto market more so then others. People are watching all the i bought a lambo videos on youtube, running out and buying GPUs. Have you seen discord lately everyday people saying I got a GPU how do I mine. These are people that have no idea what mining is or how to even assemble a computer but they are buying GPUs because they all want a lambo.

Yeah, trolls should be very careful, being greedy is good, too greedy is not good, gamble only what you are willing to lose, because what I can see is death, misery and trolls crying it out saying to themselves "why I did not sell", The last bulltrap is close, so if you have not sold yet then do not miss your last opportunity. There is still hope for you hehe

Ok troll.

[arielbit]

GPU = money printer

Money printer value = depends on how much money it prints.

Scarce or not, the ability to generate money (less electrical cost) determines value.

As long as people see them as money printers, it will be scarce. Everyone wants money printers.

[Metroid]

GPU = money printer

Money printer value = depends on how much money it prints.

Scarce or not, the ability to generate money (less electrical cost) determines value.

As long as people see them as money printers, it will be scarce. Everyone wants money printers.

Yeah and that money printing machine will soon be going through a serious devaluation hehe, I'm patiently waiting the last bulltrap, last cycle, peak was in january 2018 and then the last bulltrap was in march 2018, right now I see no difference, the question here is, if the last bulltrap will be a little bit above 69k or just up to 60k. I still have my numbers at 79k to 89k.

[BitKongy]

GPU = money printer

Money printer value = depends on how much money it prints.

Scarce or not, the ability to generate money (less electrical cost) determines value.

As long as people see them as money printers, it will be scarce. Everyone wants money printers.

Yeah and that money printing machine will soon be going through a serious devaluation hehe, I'm patiently waiting the last bulltrap, last cycle, peak was in january 2018 and then the last bulltrap was in march 2018, right now I see no difference, the question here is, if the last bulltrap will be a little bit above 69k or just up to 60k. I still have my numbers at 79k to 89k.

Sounds nice hearing from you that BTC can still reclaim 70$+ before we see new bear market but so far I've made back my money from mining rig I'm glad I took the bull by its horn in mid 2021 by buying GPUs and building rig myself

[philipma1957]

GPU = money printer

Money printer value = depends on how much money it prints.

Scarce or not, the ability to generate money (less electrical cost) determines value.

As long as people see them as money printers, it will be scarce. Everyone wants money printers.

yep

and you can mine to anonymous addresses and hodl the coins for a few years.

then cash and pay tax.

huge value.

[Metroid]

Sounds nice hearing from you that BTC can still reclaim 70$+ before we see new bear market but so far I've made back my money from mining rig I'm glad I took the bull by its horn in mid 2021 by buying GPUs and building rig myself

Too many traps in this market, this is the wild west of all markets, can win big or/and lose big, it was not recommended to buy gpus mid 2021 but you gambled anyway and you gambled right this time, that is how gambling is, you win some and lose others. The good thing about this market is that is 50%/50% chance, so gambling in this is not as bad like in casinos. I'm still gambling 40% of my money in cryptos, 60% is safe. I have tons of ravencoin because the halving is next week, so I'm expecting price to rise at least 80% and then start crashing again if btc does not go up.

[philipma1957]

Sounds nice hearing from you that BTC can still reclaim 70$+ before we see new bear market but so far I've made back my money from mining rig I'm glad I took the bull by its horn in mid 2021 by buying GPUs and building rig myself

Too many traps in this market, this is the wild west of all markets, can win big or/and lose big, it was not recommended to buy gpus mid 2021 but you gambled anyway and you gambled right this time, that is how gambling is, you win some and lose others. The good thing about this market is that is 50%/50% chance, so gambling in this is not as bad like in casinos. I'm still gambling 40% of my money in cryptos, 60% is safe. I have tons of ravencoin because the halving is next week, so I'm expecting price to rise at least 80% and then start crashing again if btc does not go up.

Buying gpus are not an act of gambling.

What matters is your ability to mine if the market crashes.

So if you have cheap power buying gpus in 2021 was not gambling.

[Metroid]

Buying gpus are not an act of gambling.

What matters is your ability to mine if the market crashes.

So if you have cheap power buying gpus in 2021 was not gambling.

gpu prices at msrp I agree.

[Gorosden]

To me it doesn't look like mining with GPUs will fade away this year unless a heavy bear market takes over the market, if ETH goes down to 2500$ then it's trouble for miners but anything over 3000$ is still fair enough to me so don't get your hopes too high

[philipma1957]

Buying gpus are not an act of gambling.

What matters is your ability to mine if the market crashes.

So if you have cheap power buying gpus in 2021 was not gambling.

gpu prices at msrp I agree.

Yeah legit sellers and warranties are important.

All my gear is located in a large rendering farm.

My dead gear for all of 2021 and 2020 = 2 AMD GPUs  out of 200 gpus. Both sent me an rma quickly.

I also had 2 or 3 dead fans.

Asic mining is far riskier since warranties = shit.

[FP91G]

To me it doesn't look like mining with GPUs will fade away this year unless a heavy bear market takes over the market, if ETH goes down to 2500$ then it's trouble for miners but anything over 3000$ is still fair enough to me so don't get your hopes too high

Over the past 7 years, mining has been the best business to invest in. The return on investment took from 5 months. It is difficult to find a similar business without considering an illegal business.
Businesspeople who see this as the future are now investing in solar, wind and other green energy options.
And the profit of small miners strongly depends on the cost of electricity in their home.

[mindrust]

Are you saying it's possible for ETH to grow over 4k in 2022? I think that's impossible because crypto have already grow so much higher than what we've seen in crypto history, there must be time for retraces in value, saying ETH can go 6k means bear market isn't ever going to happen which sound too good to be true to me

Why not? ETH used to be $9. If it went as high as $4k before, it certainly can go even beyond that. Everything is in the real of possibilities. Maybe it will go down for a while in the short term but if you are a long term investor you shouldn't care about it. If you are after a quick hit and run, now is probably not the best time to play games like that.

[philipma1957]

To me it doesn't look like mining with GPUs will fade away this year unless a heavy bear market takes over the market, if ETH goes down to 2500$ then it's trouble for miners but anything over 3000$ is still fair enough to me so don't get your hopes too high

Over the past 7 years, mining has been the best business to invest in. The return on investment took from 5 months. It is difficult to find a similar business without considering an illegal business.
Businesspeople who see this as the future are now investing in solar, wind and other green energy options.
And the profit of small miners strongly depends on the cost of electricity in their home.

yes we have been able to build

a 45 kwatt solar array
a 115 kwatt solar array
a 280 kwatt solar array

440 kwatt is grid tied so

440/5 = 88

440/6 = 73.3

73 to 88 kwatts 24/7/365 of cost free power

we will be trying for a bigger solar array in 2022 or 2023

goal is to have 2 megawatts which is

2000/5 = 400.00
2000/6 = 333.33

333 to 400 kwatts 24/7/365 of free power.

[Refrumatrix]

Philipma1957 you are the reason why I still mine till date, others are trying to hard to discourage new miners, putting fear of bear market on us like we will end up selling our miners since profitability will reduce alot but who cares? If I can make 2 ETH in bull market and 4ETH in bear market doesn't that makes bear market superior? ETH - USDT is what looks wrong in bear market but for how long? After bear there is bull.

[sxemini]

Philipma1957 you are the reason why I still mine till date, others are trying to hard to discourage new miners, putting fear of bear market on us like we will end up selling our miners since profitability will reduce alot but who cares? If I can make 2 ETH in bull market and 4ETH in bear market doesn't that makes bear market superior? ETH - USDT is what looks wrong in bear market but for how long? After bear there is bull.

And who paying your bills in bearmarket? Miner must use there reward to pay the bills and in bearmarket maybe you get more ETH, but you must also use more of your mined ETH to pay the bills in bear market or is your electricity "free"?

I don´t understand what philipma is calculating all day long. In his mind all cards with 2x msrp will pay back in less than a year and thats impossible.

[FloridaKid]

I have 6 different rigs mining with the power from the sun and at night I switch to lithium ion solar batteries, it's been a long time coming and now I have achieved this goal, I forever want to be a crypto miner but electricity was my biggest challenge since grid power is so bad in my country that we get grid power 2 to 4 hrs per day, I don't have any worries if bear market comes mining goes on