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monsanto
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June 11, 2016, 03:52:09 AM
 #21
It seems to be cyclical.. so right now people are loading up on GPUs and profits will crash.  Then I think it will be bad for a while with giant gpu farms.  Eventually prices crash and people sell their rigs and move onto other things.  Then some PoW thing will launch out of nowhere with improved GPUs and things will rise again. Wash, rinse, repeat.
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June 11, 2016, 05:52:09 AM
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Quote from: monsanto on June 11, 2016, 03:52:09 AM
It seems to be cyclical.. so right now people are loading up on GPUs and profits will crash.  Then I think it will be bad for a while with giant gpu farms.  Eventually prices crash and people sell their rigs and move onto other things.  Then some PoW thing will launch out of nowhere with improved GPUs and things will rise again. Wash, rinse, repeat.

this exactly what happened with ethereum, everything was dead, then boom again profitable, this cycle is endless
coinyard
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June 13, 2016, 07:06:45 AM
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Quote from: Amph on June 11, 2016, 05:52:09 AM
Quote from: monsanto on June 11, 2016, 03:52:09 AM
It seems to be cyclical.. so right now people are loading up on GPUs and profits will crash.  Then I think it will be bad for a while with giant gpu farms.  Eventually prices crash and people sell their rigs and move onto other things.  Then some PoW thing will launch out of nowhere with improved GPUs and things will rise again. Wash, rinse, repeat.

this exactly what happened with ethereum, everything was dead, then boom again profitable, this cycle is endless

You have to be patient. The interval between boom is quite long. There is not much profit to be made before Eth for a year.
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sanadas
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June 20, 2016, 08:25:47 AM
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Quote from: coinyard on June 13, 2016, 07:06:45 AM
Quote from: Amph on June 11, 2016, 05:52:09 AM
Quote from: monsanto on June 11, 2016, 03:52:09 AM
It seems to be cyclical.. so right now people are loading up on GPUs and profits will crash.  Then I think it will be bad for a while with giant gpu farms.  Eventually prices crash and people sell their rigs and move onto other things.  Then some PoW thing will launch out of nowhere with improved GPUs and things will rise again. Wash, rinse, repeat.

this exactly what happened with ethereum, everything was dead, then boom again profitable, this cycle is endless

You have to be patient. The interval between boom is quite long. There is not much profit to be made before Eth for a year.

the price of Etheruem is going down at the moment. there might not be much profit to be made from Eth mining soon.
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