gpu bubble well and truly bursting

[QuintLeo]

XMR has been in "the basket of profitable coins" for a while now.
It just happens to be the only such coin that's still viable to mine for a profit on some CPUs not just GPUs.

[Xenoblate]

XMR has been in "the basket of profitable coins" for a while now.
It just happens to be the only such coin that's still viable to mine for a profit on some CPUs not just GPUs.

I think it is more efficient to mine with CPU than the GPU. But you cannot have many CPU.

[uDwcHYO]

But it may not be a bubble, if it's a bubble then there must be an inevitable pullback to the lowest positions. But at the current time, such prerequisites are not visible.
There is an expansion and growth of the market of coins. Although it probably seems so with any bubbles.
At the moment, prices have already dropped significantly compared to prices 1-2 months ago.

[shaninium]

Bubbles take typically years to burst , if its a bubble we are in it will take longer to burst , still more upside to go.

[QuintLeo]

Bubbles take typically years to burst , if its a bubble we are in it will take longer to burst , still more upside to go.

 The previous Cryptocoin bubbles have only lasted MONTHS.

 This one is already pushing "longevity" records - but I'm not sure if it's really a bubble.

[daraghna]

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   

True - There are many people who dont want to scale the learning curve and think that its a simple "smash and grab"

[Ketariz]

Bubbles take typically years to burst , if its a bubble we are in it will take longer to burst , still more upside to go.

As long as the GPU is still useful to mine the coins, the price will not drop much.

[cryptounicon]

I think demand for GPU's will stay strong for quite a while. GPU companies will obviously try to increase supply so they can make more money. But they don't want to oversupply market too.

[toptek]

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"

You ll get that from Gamer who have either never done it or think it's one big Scam and no one is making millions doing it .i tell them fuck off an go try it , it's not a Scam and then Ignore them .


TO me there Clue less, an i game, as well.

[shavill]

Newegg and other retailers like Microcenter in the US have jacked up their GPU prices by 40% e.g. this Powercolor Red Dragon RX 570 4GB that I bought for $190 a month ago is now listed by Newegg for $270.

https://www.newegg.com/Product/Product.aspx?Item=N82E16814131717&ignorebbr=1

This will curb purchases for reselling, but just like the last GPU run-up in 2014, don't expect prices to come down anytime soon. Especially since GPU mining is more profitable now that it has been historically, including 6 months ago.

Mining has become so absurd that even Walmart is selling rig packs.  When Walmart starts selling rx580's in 6 packs with risers (for $1000 more than they're worth), you know it has become insane.

[toptek]

Bubbles take typically years to burst , if its a bubble we are in it will take longer to burst , still more upside to go.

As long as the GPU is still useful to mine the coins, the price will not drop much.

honesty I don't think GPU's mining will ever die there all ways seems to be a new coin you can only mine with GPU's that has value due to the BTC price .. at one time GPU's seemed dead but really weren't including CPU mining.

[QuintLeo]

Bubbles take typically years to burst , if its a bubble we are in it will take longer to burst , still more upside to go.

As long as the GPU is still useful to mine the coins, the price will not drop much.

honesty I don't think GPU's mining will ever die there all ways seems to be a new coin you can only mine with GPU's that has value due to the BTC price .. at one time GPU's seemed dead but really weren't including CPU mining.

 GPU mining WAS pretty much dead for a while except if you had VERY VERY cheap electric - and even THEN it wasn't making much.

 It is unlikely to completely die in the forseeable future, the question is "is it going to be profitable for the large majority of folks that do NOT have well under 5c/kwh power cost".

[philipma1957]

Bubbles take typically years to burst , if its a bubble we are in it will take longer to burst , still more upside to go.

As long as the GPU is still useful to mine the coins, the price will not drop much.

honesty I don't think GPU's mining will ever die there all ways seems to be a new coin you can only mine with GPU's that has value due to the BTC price .. at one time GPU's seemed dead but really weren't including CPU mining.

 GPU mining WAS pretty much dead for a while except if you had VERY VERY cheap electric - and even THEN it wasn't making much.

 It is unlikely to completely die in the forseeable future, the question is "is it going to be profitable for the large majority of folks that do NOT have well under 5c/kwh power cost".

Well  maybe  depends on what card you have.  My 1080 ti's  are earning positive at a 20 cent a kwatt summer rate.

And My winter rates will drop to 10 cent on OCT 1st.

[QuintLeo]

 GPU mining WAS pretty much dead for a while except if you had VERY VERY cheap electric - and even THEN it wasn't making much.

 It is unlikely to completely die in the forseeable future, the question is "is it going to be profitable for the large majority of folks that do NOT have well under 5c/kwh power cost".

Well  maybe  depends on what card you have.  My 1080 ti's  are earning positive at a 20 cent a kwatt summer rate.

And My winter rates will drop to 10 cent on OCT 1st.

 1080ti (and the rest of the Pascal or even Maxwell Nvidia cards) didn't exist at the time, and price on coins was a LOT lower than the last few months.

 Yes, you CAN earn good money today with crazy-high electric rates - but that is NOT the norm, and has only been the case TWICE in the history of Cryptocoin to date.

[antantti]

Yes, you CAN earn good money today with crazy-high electric rates - but that is NOT the norm, and has only been the case TWICE in the history of Cryptocoin to date.

10-12/2013
2-4/2016
3-6/2017

:-)

[Metroid]

Yes, you CAN earn good money today with crazy-high electric rates - but that is NOT the norm, and has only been the case TWICE in the history of Cryptocoin to date.

10-12/2013
2-4/2016
3-6/2017

:-)

Add march 2011 to that list. Don't blame you trolls for not knowing before 2013 or 2017. Also 2013 was march too.

[antantti]

Yes, you CAN earn good money today with crazy-high electric rates - but that is NOT the norm, and has only been the case TWICE in the history of Cryptocoin to date.

10-12/2013
2-4/2016
3-6/2017

:-)

Add march 2011 to that list. Don't blame you trolls for not knowing before 2013 or 2017. Also 2013 was march too.

Those were the timeframes when you could go "big" and dump daily to fiat with profit.

I got my own fibre in 12/2008, been mining since. Most of the time I have been selling too cheap.

[Metroid]

Most of the time I have been selling too cheap.

See that is the problem and today is no different, many people mining now are dumping for money and back in the days was the same. Selling at more than 300% is understandable, now selling for mere cents of profit is the mistake most regret today but thanks to them I'm so damn rich, up to this day I'm still doing my thing which is buying a lot when I see a coin is so cheap and wait for my 300% or more profit. This method never failed me and it only requires patience.

[antantti]

Most of the time I have been selling too cheap.

See that is the problem and today is no different

I have learned my lesson, that's why I'm only hobby miner nowadays.

[adaseb]

Yes, you CAN earn good money today with crazy-high electric rates - but that is NOT the norm, and has only been the case TWICE in the history of Cryptocoin to date.

10-12/2013
2-4/2016
3-6/2017

:-)

Also

4/2013