gpu bubble well and truly bursting

[yugyug]

in this world of blockchain decentralization for cryptocurrency, this is my observation, we the small time new players crypto miners, are the most exploited. did you ever think for that after all of our investment for mining rigs after just a few months our we feel like we just kicking out of the game because we don't feel any improvement in our profit and later we will just say mining is just a hobby- that's the most abused word for miners just an excuse for the lose the "hobby".

[philipma1957]

How can you not be earning a profit mining with gpus?

[rdluffy]

I don't understand these guys

Any recent GPU is having profits, any day we have a coin to mine, we are in the middle of something big, the cryptos are evolving as Bitcoin, and they are complaining about everything

Gpu Bubble
BTC crash
Altcoins Crash

There are a lot of users who post negative things in every topic

Hey, if you are pessimistics you don't have to enter in this section, get out to another, you can easily buy the coin and it's ok, no problem

Every person has a different reason to mine, I consider a cheap way to obtain the coins, and even if one day the market is gone, to zero, I have a card to sell or to play some games, even if they worth less

[kiaas]

heck, there's only been a few months in the past ~4 years where my 7850 wasn't profitable (maybe I just didn't know what the hip new coin was then, too).
Now All of my HD 7000 and newer cards have been profitable on multiple algos, though I've been sticking to ZEC for my older AMD cards.

[Apneal]

I don't understand these guys

Any recent GPU is having profits, any day we have a coin to mine, we are in the middle of something big, the cryptos are evolving as Bitcoin, and they are complaining about everything

Gpu Bubble
BTC crash
Altcoins Crash

There are a lot of users who post negative things in every topic

Hey, if you are pessimistics you don't have to enter in this section, get out to another, you can easily buy the coin and it's ok, no problem

Every person has a different reason to mine, I consider a cheap way to obtain the coins, and even if one day the market is gone, to zero, I have a card to sell or to play some games, even if they worth less

Spreading FUD keeps profits higher for those who are already participating. It's surprising you don't take that into account.

[rdluffy]

I don't understand these guys

Any recent GPU is having profits, any day we have a coin to mine, we are in the middle of something big, the cryptos are evolving as Bitcoin, and they are complaining about everything

Gpu Bubble
BTC crash
Altcoins Crash

There are a lot of users who post negative things in every topic

Hey, if you are pessimistics you don't have to enter in this section, get out to another, you can easily buy the coin and it's ok, no problem

Every person has a different reason to mine, I consider a cheap way to obtain the coins, and even if one day the market is gone, to zero, I have a card to sell or to play some games, even if they worth less

Spreading FUD keeps profits higher for those who are already participating. It's surprising you don't take that into account.

Yes, you are right, but I think the users in general are not the "enemies", the big farms are the ones to worry about

[philipma1957]

I don't understand these guys

Any recent GPU is having profits, any day we have a coin to mine, we are in the middle of something big, the cryptos are evolving as Bitcoin, and they are complaining about everything

Gpu Bubble
BTC crash
Altcoins Crash

There are a lot of users who post negative things in every topic

Hey, if you are pessimistics you don't have to enter in this section, get out to another, you can easily buy the coin and it's ok, no problem

Every person has a different reason to mine, I consider a cheap way to obtain the coins, and even if one day the market is gone, to zero, I have a card to sell or to play some games, even if they worth less

Spreading FUD keeps profits higher for those who are already participating. It's surprising you don't take that into account.

Spreading FUD is the old school moron viewpoint of the op.  Encourage newbies as much as possible. Never spread FUD and tell alt coin FUD spreaders to go FUD themselves is the new school method of maximizing coin profits.  Why is this true?
It gets the little guy into mining and it encourages gamers to mine.   This two prong attack is all that can stop the evil super farms from crushing  alt coins like they did to BTC.

Almost any house can have a two card gamer/miner pc  enough so that farms will have a harder time competing in niche coins.
Niche coins are where it is at as a big farm won't mine them since it kills profits.
The op should change the title as he is only hurting himself and is too stubborn to realize the new truth of alt coin mining.

Or not and I am the moron not him.

[induktor]

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.

That's one kick ass statement!, i love it!, i will borrow it for sure 

[Elder III]

Mining was plenty profitable last month when we had a downward dip..... we may not be at the levels of the end of May 2017 right now but it's going upward across the board and certainly doesn't seem to have burst at this point. The most dangerous thing for crypto miners at this specific time is getting death threats from gamers that can't find cheap GPUs to buy. :p

[induktor]

The most dangerous thing for crypto miners at this specific time is getting death threats from gamers that can't find cheap GPUs to buy. :p

LMFAO!!!!!! 

[totko]

Haha poor gamers, as it seems the market is stabilizing and there are nvidia card while amd cards are still the double price
The mining cards are appearing and i don't have a high opinion of them  but the new cards are not performing as well as the first models so the factory's are forcing us (aka the miners) to buy those miner cards.

[Thetaj]

I'm not saying its not profittable to mine on GPUs, it is. But thats also accounting for the fact that GPUs retain MUCH of their value even after a couple months of mining.

If the price of the GPU you are using goes down......MORE than what you get from the coin you mine (please no nicehash idiocy). Then it would make sense for you to sell the cards after a period of time to sell the GPUs and instantly make 100-200% profit no?

just saying........its your money, do what you will with it.

For the people who stick it out and lose out on potential profits to build a better world : I salute you guys and make no mistake, you are the people who give people like me the opportunity to make some money in this highly competitive cryptomining sphere.

[MA3A]

Quote from: BennyT on August 07, 2017, 06:28:41 PM
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.

That's one kick ass statement!, i love it!, i will borrow it for sure  Grin Grin

- ABSOLUTELY GORGEOUS AND VERY TRUE INDEED. The Great Idea will always prevail over "butiwants" I am very sure that once more people will UNDERSTAND the idea behind it, they will join in immediately. The problem is that majority of folks dont understand technology or banking in general and the proof is nation debt. Just like Henry Ford said once:

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.

[Xenoblate]

I'm not saying its not profittable to mine on GPUs, it is. But thats also accounting for the fact that GPUs retain MUCH of their value even after a couple months of mining.

If the price of the GPU you are using goes down......MORE than what you get from the coin you mine (please no nicehash idiocy). Then it would make sense for you to sell the cards after a period of time to sell the GPUs and instantly make 100-200% profit no?

just saying........its your money, do what you will with it.

For the people who stick it out and lose out on potential profits to build a better world : I salute you guys and make no mistake, you are the people who give people like me the opportunity to make some money in this highly competitive cryptomining sphere.

I think the GPU retains its value quite good. I bought some AMD R9 390 in March last year, the price now is even higher.

[QuintLeo]

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.

 That's not mining, that's speculation/investment.

[sadyas]

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.

 That's not mining, that's speculation/investment.

That is right. Otherwise, it is better to buy the coins directly.

[hyet24]

Instead of spreading FUD then price the coins higher.  I notice how fast new miners sell.  I remember first time people are selling SIGT at 300 sat and 1000 sat before it hit 3000+ in the next day.

[tpd09]

Instead of spreading FUD then price the coins higher.  I notice how fast new miners sell.  I remember first time people are selling SIGT at 300 sat and 1000 sat before it hit 3000+ in the next day.

its part of the learning curve I guess -

but all of us have a brain, so let use it   

[coinzoid]

Gamers will always complain about miners, so be prepare to receive threats and compliments from them. I have tried to sell some of my gpus before on a gaming forum and as soon as they hear name "rx 480" they started saying, "go sell them elsewhere"

[shaninium]

Looks like xmr might be the new top earner for gpu mining, but will it hold..