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Author Topic: gpu bubble well and truly bursting  (Read 23727 times)
BennyT
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August 07, 2017, 05:55:22 PM
 #201

It's the same conversation every 18 months. If you think crypto has reached its peak then definitely sell. If that few hundred you're gonna make off selling a couple cards is more profitable than what the coins will be worth in 2 years, then smart move. I think it's extremely foolish but what do i know.
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jedigeiss
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August 07, 2017, 06:11:38 PM
 #202

well this is all a hobby for me so i can rest easy, even if iam not getting rich Smiley
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August 07, 2017, 06:12:54 PM
 #203

It's the same conversation every 18 months. If you think crypto has reached its peak then definitely sell. If that few hundred you're gonna make off selling a couple cards is more profitable than what the coins will be worth in 2 years, then smart move. I think it's extremely foolish but what do i know.

Bingo! I didn't just build a 6 GPU GTX 1070 FE rig to mine for todays value. But now I have almost $400 a month to invest into ICO's from which to build a vast portfolio. As ETH goes up, I'll hold some and invest some, etc.

I love this as a hobby for sure. This to me is like being on the ground floor of the internet. Having just got into all of this a few weeks ago, I may have missed the free domain names but at least I'm fashionably late instead of missing the party entirely. Smiley

BennyT
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August 07, 2017, 06:28:41 PM
 #204

It's the same conversation every 18 months. If you think crypto has reached its peak then definitely sell. If that few hundred you're gonna make off selling a couple cards is more profitable than what the coins will be worth in 2 years, then smart move. I think it's extremely foolish but what do i know.

Bingo! I didn't just build a 6 GPU GTX 1070 FE rig to mine for todays value. But now I have almost $400 a month to invest into ICO's from which to build a vast portfolio. As ETH goes up, I'll hold some and invest some, etc.

I love this as a hobby for sure. This to me is like being on the ground floor of the internet. Having just got into all of this a few weeks ago, I may have missed the free domain names but at least I'm fashionably late instead of missing the party entirely. Smiley



Exactly. Something that doesn't get talked about often enough in mining is that us miners are upholding and building a new network of currencies which I think is pretty cool.  The central banks have a monopoly on those other currencies and regular people have no participation in that. With crypto, we are the system and we're getting paid for it.
cryptounicon
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August 07, 2017, 07:33:58 PM
 #205

New RX vega cards about to come out too....they gonna smash everything currently on the market.

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kuttysark420
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August 07, 2017, 07:42:05 PM
 #206

maybe maybe not..

I have 5 AMD 4 NV cards

I still mine ETH because i dont wanna fuck with new algos and im still making 350 USD /month minus 100$ for electricity... no complaints here, its a hobby Cheesy

but I do think alot of people are right... right now, its better to invest in coins on the exchange rather then build a rig....

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August 07, 2017, 08:16:40 PM
 #207

yep currently investing seems a good idea, especially when you are living in a country like me where the kwh costs 0,26 € Smiley
sundownz
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August 08, 2017, 12:37:01 PM
 #208

My daily income from mining has actually never been higher... I did sell off most of my AMD cards in favor of NVidia, though, and they are doing mostly Equihash on NiceHash.

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Nebell
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August 08, 2017, 01:32:38 PM
 #209

New RX vega cards about to come out too....they gonna smash everything currently on the market.

You know something we don't?

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August 08, 2017, 04:22:00 PM
 #210

My daily income from mining has actually never been higher... I did sell off most of my AMD cards in favor of NVidia, though, and they are doing mostly Equihash on NiceHash.

How did you achieve higher profits? The difficulty is rising fast.
Strebba90
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August 08, 2017, 04:27:09 PM
 #211

maybe maybe not..

I have 5 AMD 4 NV cards

I still mine ETH because i dont wanna fuck with new algos and im still making 350 USD /month minus 100$ for electricity... no complaints here, its a hobby Cheesy

but I do think alot of people are right... right now, its better to invest in coins on the exchange rather then build a rig....



why you keep going to mine eth? mining is a job. not an hobby. with 6 card you can earn $20/day right now.
but you and other people keep going to mine eth.
mining is a bet in long term vision.

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Thetaj
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August 08, 2017, 05:41:54 PM
 #212

12 1080 TI
6 1080s

bro calm your tits. What I'm trying to say is it ain't what it used to be. I think I'm gonna cash out the cards now for reals.

congrats on your mining profits though, mine have long since ROI, but........like I said, it aint what it used to be



If your electricity price is more than $0.2/kWh, it is better to sell the cards.

my electricity is actually quite low. But I think I'm gonna move over to all ASICs now. The cards still fetch pretty much the same price as when I bought them (a lil bit more actually). So yea, I don't expect to convince anyone here. We're all in the same cryptoboat so please be civilized!

sundownz
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August 08, 2017, 08:15:05 PM
 #213

My daily income from mining has actually never been higher... I did sell off most of my AMD cards in favor of NVidia, though, and they are doing mostly Equihash on NiceHash.

How did you achieve higher profits? The difficulty is rising fast.

I haven't really done anything except keep Nicehash up to date & switch to mostly nVidia cards.

My profit in USD is doing awesome due to prices of BTC rising & also have the flexibility of multiple algos.

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
fistfullofbtc (OP)
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August 08, 2017, 09:36:00 PM
 #214

nicehash payout is about 2 dollars a day per gtx1070. when i started mining in march it was more than double, i don't call 2 dollars a day nice profit even with btc rising.
Haldon
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August 08, 2017, 09:46:31 PM
 #215

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With 6 card you can earn $20/day right now.

How?
fistfullofbtc (OP)
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August 08, 2017, 09:47:57 PM
 #216

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With 6 card you can earn $20/day right now.

How?

by selling the cards and buying a coin.

20 dollars a day is fictional.
Raziel__
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August 08, 2017, 10:54:36 PM
 #217

It's the same conversation every 18 months. If you think crypto has reached its peak then definitely sell. If that few hundred you're gonna make off selling a couple cards is more profitable than what the coins will be worth in 2 years, then smart move. I think it's extremely foolish but what do i know.

Bingo! I didn't just build a 6 GPU GTX 1070 FE rig to mine for todays value. But now I have almost $400 a month to invest into ICO's from which to build a vast portfolio. As ETH goes up, I'll hold some and invest some, etc.

I love this as a hobby for sure. This to me is like being on the ground floor of the internet. Having just got into all of this a few weeks ago, I may have missed the free domain names but at least I'm fashionably late instead of missing the party entirely. Smiley



If you are mining for future profit by speculation on a coin that you mine, thats miners 1. mistake, its better to simply buy the coin and wait for that coin to rise, no point in mining, as it takes time, if you have more than one rig.

This is madness. Prepare yourself miners, winter is here!
yobigd20
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August 08, 2017, 11:12:50 PM
 #218

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With 6 card you can earn $20/day right now.

How?

I think he meant in pesos.
dbc23
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August 08, 2017, 11:14:09 PM
 #219

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With 6 card you can earn $20/day right now.

How?

by selling the cards and buying a coin.

20 dollars a day is fictional.

From 8 mixed nvidia cards over two weeks I made >$1000 off SIGT.  Granted that's a unicorn and not the norm, but it was nearly $100/day average.  With a handful of windfalls like that and low level baseline mining inbetween it's certainly worth it, now is a poor time to get IN to mining though, I really lucked out getting my cards before the summer rush at sane prices.  

Even with all that I got in as a hobby with limited loss, like playing Pokemon or Magic, the goods involved retain some value so even if you grow bored you're not out all your money when you quit.
sundownz
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August 09, 2017, 12:51:56 AM
 #220

nicehash payout is about 2 dollars a day per gtx1070. when i started mining in march it was more than double, i don't call 2 dollars a day nice profit even with btc rising.

$2 / Day @ current price = $4 / Day if you hold and price doubles.

Food for thought =)

I'm not stepping back at all -- still expanding my mining operation. And frankly... I find it quite fun.

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
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