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Author Topic: Thousands of rigs are going online soon, expected hashrate over next months?  (Read 1257 times)
thesmokingman
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May 31, 2017, 09:08:42 PM
 #21

So much fun, as a trader from buying and selling cryptocoins, I earn from 200 to 1000 times the value I invested, you as a miner will reach your return of investment in 1 year if you pray the difficult does not increase that much and the price keeps going up hehe, so while the miner earns 1x its invested value, I earn 200 to 1000 times more trading crypto, buying and selling hehe.

You're forgetting one key point. What would you trade if us miners didn't mint coins, other than POS coins? You mentioned earlier you follow miners for coins to invest in. So if we were no more, how would you know what coins to invest in? Not saying your statement isn't valid, but at the end of the day you need someone generating coins so you can trade them...so a thank you should be in order from you to us miners for generating a commodity you can trade for profits. You're Welcome by the way  Cool

Also, for every ZEC you buy at a price of $200+ per token, only cost me $20-25 to produce, so who do you think will own more ZEC at the end of the day if you're pockets aren't deep enough? Also, some people have lives and can't sit in front of a PC and dedicate the amount of time it takes to learn how to read charts and track trades etc...I do both and while it can be profitable to trade vs mining, nothing beats knowing you're making money whether you're trading or not, sleep or awake, working your 1st or 2nd job, playing with the kids or wife/girlfriend  Wink....how much do you make trading while you're sleep or on vacation? I'm sure there are some profits from market moves, but those moves aren't guaranteed. Also if miners are smart, they won't tie their exit strategy to selling GPUs and fighting the crowds. The smart miners will be sitting back and buying all these cheap GPUs that will be hitting the market at some point to generate more coins for you to trade...

PIMP your AMD & Nvidia Farm. Finally a Multi-Miner Linux 16.04 Distro with Web Monitoring and On the Fly Algo-Switching. My PIMP AMD/Nvidia FARM: https://miner.farm/farmer/554/farmstatus
Elder III
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May 31, 2017, 09:20:38 PM
 #22

There will be something worth mining for a looong time yet to come. If mining the "big boy" altcoins becomes less profitable some of the casual miners will quit, but there will be plenty of other options to keep mining for those that are into it as more then just a passing fad.
philipma1957
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May 31, 2017, 09:22:53 PM
 #23

So much fun, as a trader from buying and selling cryptocoins, I earn from 200 to 1000 times the value I invested, you as a miner will reach your return of investment in 1 year if you pray the difficult does not increase that much and the price keeps going up hehe, so while the miner earns 1x its invested value, I earn 200 to 1000 times more trading crypto, buying and selling hehe.

You haven't done the calculations lately........

No he has not.  I have reached the point of considering going on a large venture in solar array  basically due to the growth of gpu mining.

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 MΞTAWIN  THE FIRST WEB3 CASINO   
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Tmdz
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May 31, 2017, 09:24:10 PM
 #24

So much fun, as a trader from buying and selling cryptocoins, I earn from 200 to 1000 times the value I invested, you as a miner will reach your return of investment in 1 year if you pray the difficult does not increase that much and the price keeps going up hehe, so while the miner earns 1x its invested value, I earn 200 to 1000 times more trading crypto, buying and selling hehe.

You're forgetting one key point. What would you trade if us miners didn't mint coins, other than POS coins? You mentioned earlier you follow miners for coins to invest in. So if we were no more, how would you know what coins to invest in? Not saying your statement isn't valid, but at the end of the day you need someone generating coins so you can trade them...so a thank you should be in order from you to us miners for generating a commodity you can trade for profits. You're Welcome by the way  Cool

Also, for every ZEC you buy at a price of $200+ per token, only cost me $20-25 to produce, so who do you think will own more ZEC at the end of the day if you're pockets aren't deep enough? Also, some people have lives and can't sit in front of a PC and dedicate the amount of time it takes to learn how to read charts and track trades etc...I do both and while it can be profitable to trade vs mining, nothing beats knowing you're making money whether you're trading or not, sleep or awake, working your 1st or 2nd job, playing with the kids or wife/girlfriend  Wink....how much do you make trading while you're sleep or on vacation? I'm sure there are some profits from market moves, but those moves aren't guaranteed. Also if miners are smart, they won't tie their exit strategy to selling GPUs and fighting the crowds. The smart miners will be sitting back and buying all these cheap GPUs that will be hitting the market at some point to generate more coins for you to trade...

Don't forget nothing beats having some rigs making you a income while you get paid to play video games, or relaxing in sun by the pool   Cool
toptek
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May 31, 2017, 10:01:21 PM
 #25

There are more coins in the world then Eth.

The most bold correct statement so far in this thread


very true,, i don't even mine ETH because, I know were it is heading ...I mean ill mine one two full coins from time to time and try to hold on to them but beyond that, I'm off mining other stuff that is just as good .

and i mine Litecoins or Script coins as well ... and don't touch BTC they would have to hit 10 k cash per coin before i would turn on my A6 ... btw   the A7 sells for 714 now they dropped the price . that's temping .

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