If BTC doesn't close this week above $3000 gpu mining is done

[antantti]

Subject says it all. Just saying.

[BennyT]

Subject says it all. Just saying.

Getting into refer rather early today are we?  

People have been saying bitcoin is done since '09 and gpu mining has been toast since '11

[Metroid]

Subject says it all. Just saying.

yeah and is going to be so much fun hehe, i think eth will break out from btc soon, likely to hit 0.5 btc in few weeks.

[Johny101010]

You are 100% correct my friend. And because I like you I will buy all your 47x/48x/57x/58x for $100 each. Let me know whom do you want to use for escrow and let get this going.

Come on man. Stop scamming people. No one knows what will happen, but history has shown that as long as you mine continuously you will make ROI consistently.

[vectisitch]

it's time for the anonymous coins to blossom. gpu mining will always be there.

[antantti]

Hands together, sing kumbaya as loud as you can.

[cashen]

Subject says it all. Just saying.

Do you have any cards for sale?

[antantti]

Do you have any cards for sale?

Not anymore.

[antantti]

$3000

[Trade_BTC]

it's time for the anonymous coins to blossom. gpu mining will always be there.

This guy knows what's up. Agree with this 100% anon coins due to banksters jumping in crypto and trying to regulate and analyze every TX are going to drive all anon to the moon. If blockchain wanted their opinions and help Satoshi never would have created it. GPU mining will thrive when it comes time for priority on privacy again, expect that time very very soon.

[antantti]

Xmr believer here. But xmr will also tank if btc weekly closes below $3000.

$3000

[Undefined31415]

In my opinion, you're spreading unnecessary FUD.

Bitcoin has survived far worse crashes, proportion-wise. Bitcoin's price dropping below an arbitrary threshold of $3,000 is not going to signify the death of GPU mining. Perhaps new miners with higher power costs will be the first to drop out when the short-term expected revenue drops below electricity costs.
However, most veteran miners didn't first get into mining because we expected a constant reliable stream of income, but because we have faith in cryptocurrencies (as a concept, or specific ones) in the long run. Depending on the exact circumstances, I would likely still mine if it's slightly unprofitable day-to-day.

[adaseb]

Maybe if BTC hit like $1000 people will stop mining but the low amount of power that these RX series cards use, people will mine anyways.

[philipma1957]

$3000

$3789 at the moment.

and  my  paid for 1080ti's are turning profit as I type.

[Metroid]

and  my  paid for 1080ti's are turning profit as I type.

If you paid $700 then you are deluding yourself, based on the data and profitability since june you never even got 50% out of the $700 with it.

[antantti]

$3789 at the moment.

and  my  paid for 1080ti's are turning profit as I type.

Looks like $3000 will hold, only asian monday morning megadump could brake it. So yet another overtime for miners.

It's September and it's getting colder out there, at least my space heaters earn something.

If you paid $700 then you are deluding yourself, based on the data and profitability since june you never even got 50% out of the $700 with it.

It was Signatum.

[64dimensions]

New use cases for blockchain technology increase in number every month.

1) Equifax hack: A blockchain based, people friendly, credit bureau where you and a financing entity individually supply some sort of code before your credit report is released to the financing entity.

2) Now that our finance info might be in the wild, there is a driver to store money in a block chain wallet as opposed to some bank whisperer talking it out of your bank..

3) Some post IIRC, mentioned that credit card fees and operations eat up a lot of money, $130 billion worldwide.

4) The control reflex of the PBOC and Dimon's outburst are a reaction to the threat.

Comments:

a) Weakness of the crypto is for criminals argument is that if countries were serious, they would eliminate the $100 bill, the 500 euro note or just do a currency recall and issue new banknotes.

b) I'm not Chinese, but my impression is in China, crypto is seen as way for ordinary people through their own efforts to make money. There is a tinge of hypocrisy for the PBOC to ban IOC's because of their "speculative" nature and that they don't want the "little people" to get scammed, but if you are a million/billionaire it's ok to buy, build, speculate on companies, real estate and blow money on whatever.

[grrrgrrr]

GPU mining is about done in China. It won't be long before police starts shutting down big mines, and then difficulty will drop.

[adaseb]

GPU mining is about done in China. It won't be long before police starts shutting down big mines, and then difficulty will drop.

They banned exchanges not mining.

[antantti]

GPU mining is about done in China. It won't be long before police starts shutting down big mines, and then difficulty will drop.

They banned exchanges not mining.

Only trading against cny is banned.

Almost all mining hardware is china based, that alone will make sure they will not ban mining. Or maybe mining will only be allowed for government owned farms? (: