ChartBuddy
Legendary
 Offline
Activity: 2660
Merit: 2364
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 21, 2015, 03:59:35 PM |
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samsonn25
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February 21, 2015, 04:02:05 PM |
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Radeon 5850 cards were about $300 usd when they came out in 2009. Very expensive back then late 2009. Lets say the price dropped somewhat by fall 2010, bitcoin price was only like .06 so buying a card for $150-200 to mine .05 a day used more electricity than the coins it mined. So it was still a gamble, experiment back then.
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LewiesMan
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February 21, 2015, 04:03:00 PM |
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Radeon 5850 cards were about $300 usd when they came out in 2009. Very expensive back then late 2009. Lets say the price dropped somewhat by fall 2010, bitcoin price was only like .05 so buying a card for $150-200 to mine .05 a day used more electricity than the coins it mined. So it was still a gamble, experiment back then.
It still is a gamble, experiment. But back then there was less to loss. |
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samsonn25
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February 21, 2015, 04:05:51 PM |
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Yes becaus people who already had the video cards were using them to game, and mine on the side. But to buy it and mine exclusively had to be crazy. I dont even think they knew about the gpu power until 2011 or 2012. They were still using cpu back then until they figured out the computing efficiency
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LewiesMan
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February 21, 2015, 04:08:49 PM |
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Yes becaus people who already had the video cards were using them to game, and mine on the side. But to buy it and mine exclusively had to be crazy. I dont even think they knew about the gpu power until 2011 or 2012. They were still using cpu back then until they figured out the computing efficiency
I remember doing that actually. Gamed and mined a little whenever I wasn't gaming. |
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tarmi
Legendary
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Activity: 1232
Merit: 1011
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February 21, 2015, 04:09:01 PM |
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it is actually far more riskier to mine today with asics because you could always sell your gpus, but you cant do jack shit with asics once they go in red.
you cant really compete with asic producers. only if you have low electricity, like below 0.06 $.
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LewiesMan
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February 21, 2015, 04:10:11 PM |
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it is actually far more riskier to mine today with asics because you could always sell your gpus, but you cant do jack shit with asics once they go in red.
Which is why you cloud mine! Just buy, mine then resell (at a profit?) |
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empowering
Legendary
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Activity: 1092
Merit: 1442
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February 21, 2015, 04:15:12 PM |
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LewiesMan
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February 21, 2015, 04:17:14 PM |
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Awesome episode, very educational. I wish it was a bit longer though. Spurlock played well. |
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samsonn25
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February 21, 2015, 04:18:35 PM |
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it is actually far more riskier to mine today with asics because you could always sell your gpus, but you cant do jack shit with asics once they go in red.
you cant really compete with asic producers. only if you have low electricity, like below 0.06 $.
Exactly. Intel q6600 is still only drop to $30 and 4 years ago was $60 XFX 5870 now is almost same price as almost 2 years ago on used market. |
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LewiesMan
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February 21, 2015, 04:21:10 PM |
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it is actually far more riskier to mine today with asics because you could always sell your gpus, but you cant do jack shit with asics once they go in red.
you cant really compete with asic producers. only if you have low electricity, like below 0.06 $.
Exactly. Intel q6600 is still only drop to $30 and 4 years ago was $60 XFX 5870 now is almost same price as almost 2 years ago on used market. Which one is more powerful? Or are they the same power/kind? |
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MilesJohan
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February 21, 2015, 04:22:14 PM |
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Why can't the poll be , over 260 on the weekend  |
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samsonn25
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February 21, 2015, 04:23:46 PM |
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it is actually far more riskier to mine today with asics because you could always sell your gpus, but you cant do jack shit with asics once they go in red.
you cant really compete with asic producers. only if you have low electricity, like below 0.06 $.
Exactly. Intel q6600 is still only drop to $30 and 4 years ago was $60 XFX 5870 now is almost same price as almost 2 years ago on used market. Which one is more powerful? Or are they the same power/kind? 5870 was more powerful than 5850. It was clocked higher and had more stream processors. |
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nor9865
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February 21, 2015, 04:23:55 PM |
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Why can't the poll be , over 260 on the weekend So far so good though, no bear whale has brought us to sub 200.. Yet.. |
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ChartBuddy
Legendary
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Activity: 2660
Merit: 2364
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 21, 2015, 04:59:35 PM |
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damiano
Legendary
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Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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February 21, 2015, 05:11:40 PM |
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Probably stay sideways for a bit. Bulls cash out at $5-10 profit and Bears do as well.
Dumps and rally's just dont have enough momentum.
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aztecminer
Legendary
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Activity: 1092
Merit: 1000
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February 21, 2015, 05:23:11 PM |
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 i think it's likely to be this way probably until after the auction .. maybe some small pump and a lot sideways .. |
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abercrombie
Legendary
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Activity: 1159
Merit: 1001
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February 21, 2015, 05:58:03 PM |
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i think it's likely to be this way probably until after the auction ..
maybe some small pump and a lot sideways ..
Chinese banks are closed from Feb 18-23 to observe Chinese New Year so there shouldn't be much movement until FIAT can be wired into those exchanges (Bitfinex, OKCoin, Huboi). |
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ChartBuddy
Legendary
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Activity: 2660
Merit: 2364
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 21, 2015, 05:59:44 PM |
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mishax1
Legendary
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Activity: 2898
Merit: 1017
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February 21, 2015, 06:01:58 PM |
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i think it's likely to be this way probably until after the auction ..
maybe some small pump and a lot sideways ..
Chinese banks are closed from Feb 18-23 to observe Chinese New Year so there shouldn't be much movement until FIAT can be wired into those exchanges (Bitfinex, OKCoin, Huboi). That is something Tether could resolve. (already used by Bitfinex and Poloniex) |
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Poll
