dimpsk
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March 30, 2018, 08:52:08 PM |
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I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?
Sure it is. But the ROI is much much longer. Actually ya don't understand what are you talking about. Right now we can see levels of zero profitability for those guys who already have the farms and whose electricity is very chip. Maybe if you're trying to mine with older gpu's. I don't mine with anything older than a 1070ti. Those are still profitable even at today's coin prices. I wouldn't buy any more of them even at msrp, but I'm not ready to sell them yet either. May be. Let's estimate. 1070 and 1070ti are the best ones now. They ' ll give you $0.5 profit per day on $0.06 kwt/h electricity from wall according what to mine coins. That's it. It is a profit still i agree. But zero profitability is very near. Ya can argue that there are some shitcoins with better perfomance. This hour or yesterday. May be. But it is not mining. you crazy..... I earn over $1/day on a 1070 on a long standing algo..... You must also take into account others' mining strategies may not be the same inside the box thinking that you are using. if you can max out a 10KwH generator on petrol; you can definitely be profitable. Food for thought. Yep it's near $1 per day (a bit less) if your electricity is free. I just checked it up. Otherwise it's a bullshit.
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swogerino
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Bitcoin Casino Est. 2013
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March 30, 2018, 08:53:11 PM |
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Gpu mining is not dieing in 2018. Now is one of the worst moments for mining and I only see rise of difficulty in Ethereum, I changed my mining computer to Musicoin and hoping they will rise until the end of year so I can make profit , maybe big profit at that time.
People though are not shutting down their miners, a thing which tells us the market is full of long term believers. Those who are desperate are selling now but they are few since we don't see any difficulty going down in Ethash yet. Those changes in Ethash are only normal fluctuations.
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LSteve
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March 30, 2018, 09:47:37 PM |
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I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?
Sure it is. But the ROI is much much longer. Actually ya don't understand what are you talking about. Right now we can see levels of zero profitability for those guys who already have the farms and whose electricity is very chip. Maybe if you're trying to mine with older gpu's. I don't mine with anything older than a 1070ti. Those are still profitable even at today's coin prices. I wouldn't buy any more of them even at msrp, but I'm not ready to sell them yet either. May be. Let's estimate. 1070 and 1070ti are the best ones now. They ' ll give you $0.5 profit per day on $0.06 kwt/h electricity from wall according what to mine coins. That's it. It is a profit still i agree. But zero profitability is very near. Ya can argue that there are some shitcoins with better perfomance. This hour or yesterday. May be. But it is not mining. you crazy..... I earn over $1/day on a 1070 on a long standing algo..... You must also take into account others' mining strategies may not be the same inside the box thinking that you are using. if you can max out a 10KwH generator on petrol; you can definitely be profitable. Food for thought. Damn but Petrol feels so politically wrong for me tho... like I'm Helping Maduro's Regime... It's politics don't even pay attention to what I just said.
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gotminer
Member
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Activity: 644
Merit: 24
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March 31, 2018, 01:17:51 AM |
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I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?
Sure it is. But the ROI is much much longer. Actually ya don't understand what are you talking about. Right now we can see levels of zero profitability for those guys who already have the farms and whose electricity is very chip. Maybe if you're trying to mine with older gpu's. I don't mine with anything older than a 1070ti. Those are still profitable even at today's coin prices. I wouldn't buy any more of them even at msrp, but I'm not ready to sell them yet either. May be. Let's estimate. 1070 and 1070ti are the best ones now. They ' ll give you $0.5 profit per day on $0.06 kwt/h electricity from wall according what to mine coins. That's it. It is a profit still i agree. But zero profitability is very near. Ya can argue that there are some shitcoins with better perfomance. This hour or yesterday. May be. But it is not mining. you crazy..... I earn over $1/day on a 1070 on a long standing algo..... You must also take into account others' mining strategies may not be the same inside the box thinking that you are using. if you can max out a 10KwH generator on petrol; you can definitely be profitable. Food for thought. Yep it's near $1 per day (a bit less) if your electricity is free. I just checked it up. Otherwise it's a bullshit. Sorry you got burnt on gpu's or started mining at a bad time. Whatever the case is, I'm doing just fine and still happy with sub-par daily profit that I NEVER take compared to 4 months ago. I wouldn't start building a mining farm with an unknown outlook at this time, but I certainly won't quit mining with what I have. If you're currently mining ... Sell at 10X or GTFO. Not sure how you expect anything in crypto to be a stready climb up all of the time. Otherwise, buy almost any top ten coin at a super discounted price right now and hold. Or if that scares you, join a fucking bowling league.
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Ok, I want you to walk back in there and very calmly, very politely tell the risk assessors to fuck off! -Mark Baum
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gotminer
Member
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Activity: 644
Merit: 24
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March 31, 2018, 01:18:41 AM |
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I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?
Sure it is. But the ROI is much much longer. Actually ya don't understand what are you talking about. Right now we can see levels of zero profitability for those guys who already have the farms and whose electricity is very chip. Maybe if you're trying to mine with older gpu's. I don't mine with anything older than a 1070ti. Those are still profitable even at today's coin prices. I wouldn't buy any more of them even at msrp, but I'm not ready to sell them yet either. May be. Let's estimate. 1070 and 1070ti are the best ones now. They ' ll give you $0.5 profit per day on $0.06 kwt/h electricity from wall according what to mine coins. That's it. It is a profit still i agree. But zero profitability is very near. Ya can argue that there are some shitcoins with better perfomance. This hour or yesterday. May be. But it is not mining. you crazy..... I earn over $1/day on a 1070 on a long standing algo..... You must also take into account others' mining strategies may not be the same inside the box thinking that you are using. if you can max out a 10KwH generator on petrol; you can definitely be profitable. Food for thought. Damn but Petrol feels so politically wrong for me tho... like I'm Helping Maduro's Regime... It's politics don't even pay attention to what I just said. Trump gonna slap your hand, if you're in the USA.
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Ok, I want you to walk back in there and very calmly, very politely tell the risk assessors to fuck off! -Mark Baum
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ikicha
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March 31, 2018, 04:18:06 AM |
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This is not a financial advice but when you're riding your Lambo... Remember me.
hehe, yeah this is one opportunity that people will regret not taking in few months, this is not stocks or anything that can be explained, in a month altcoins lost 500% in value, eth hit almost $1400 and now is $380, that is almost 400% and some alts lost 1000%, that is a lot of money, nothing really happened to bitcoin, from $17k to $7k, 60% crash is nothing really if you consider eth which is top 2 and had almost 80% crash. My calculation is different, for example eth hit almost $1400 and now is $380 which 380 x 3.7 = $1406, which means eth lost 3.7 times its value whereas btc lost a lot less, btc right now is $6800 and hit almost $20k so meaning, 20000 / 6800 = 2.9 times lost since its highest all time value. I'm such a coward. I will die poor. My only hope is that price goes to 100 and mining difficulty drops to a point I can mine 1eth a day I think ASIC manufactures is hidden mining ETH and other Ethash algo. Last day ago, ASIC manufactures announce ASIC for Cryptonight algo, this is KILL GPU miners. Before they announce new ASIC, they are using this ASIC,
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Metroid (OP)
Sr. Member
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Xtreme Monster
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March 31, 2018, 05:06:55 AM |
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I think ASIC manufactures is hidden mining ETH and other Ethash algo. Last day ago, ASIC manufactures announce ASIC for Cryptonight algo, this is KILL GPU miners. Before they announce new ASIC, they are using this ASIC,
They have been for quite a while, they are keeping it hidden like you said. They only unveiled it cause they want to buy eth cheap and before they unveiled, they sold most of their eth while it was high and then are buying now as eth crashed 4 times its highest hit value.
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BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
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amer sohail
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March 31, 2018, 09:39:00 AM |
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i think is not will
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jmigdlc99
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March 31, 2018, 09:52:13 AM |
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if you can max out a 10KwH generator on petrol; you can definitely be profitable. Food for thought.
Yeah it seems like only the extremely dedicated and professionally capable miners will remain. Even when mining some secret coins, it will be difficult to turn a good profit unless you have those generators or solar arrays. I guess its over for every other kid out there who owns a GPU and is mining against dedicated mining corporations.
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0xacBBa937A57ecE1298B5d350f40C0Eb16eC5fA4B
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JeromeL
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CurioInvest [IEO Live]
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March 31, 2018, 01:36:40 PM |
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I believe that the GPU mining will not die because there have always been and will be coins that are not in demand from industrial mining in ASICS. Personally, I always found with my farms and will find what I need to mine.
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rdluffy
Legendary
Online
Activity: 2380
Merit: 1424
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March 31, 2018, 01:53:16 PM |
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Guys, I don't believe you all really think that when ETH goes to POS or Asics ruins ETH you will find another coins to mine because you did until today
Hey, wake up, look how millions GPUs are mining ETH and after that, they will point to another coins...difficulty will skyrocket so hard...
It's not hard to think, the ONLY hope is a new coin to mine, but they have to be HUGE like ETH
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philipma1957
Legendary
Online
Activity: 4270
Merit: 8683
'The right to privacy matters'
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March 31, 2018, 02:19:38 PM |
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the way to prove the op wrong is on my new thread https://bitcointalk.org/index.php?topic=3228937.0now here is the deal if the idea I propose is not adapted Metroid will be correct. Of course my idea could be tweaked and altered a bit but it would kill off asic competition quite fast.
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dimpsk
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March 31, 2018, 07:43:32 PM |
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Guys, I don't believe you all really think that when ETH goes to POS or Asics ruins ETH you will find another coins to mine because you did until today
Hey, wake up, look how millions GPUs are mining ETH and after that, they will point to another coins...difficulty will skyrocket so hard...
It's not hard to think, the ONLY hope is a new coin to mine, but they have to be HUGE like ETH
I share your point. Going ETH to POS is not the end of mining. But the end of ETH only.
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dimpsk
Newbie
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Activity: 112
Merit: 0
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March 31, 2018, 07:44:52 PM |
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I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?
Sure it is. But the ROI is much much longer. Actually ya don't understand what are you talking about. Right now we can see levels of zero profitability for those guys who already have the farms and whose electricity is very chip. Maybe if you're trying to mine with older gpu's. I don't mine with anything older than a 1070ti. Those are still profitable even at today's coin prices. I wouldn't buy any more of them even at msrp, but I'm not ready to sell them yet either. May be. Let's estimate. 1070 and 1070ti are the best ones now. They ' ll give you $0.5 profit per day on $0.06 kwt/h electricity from wall according what to mine coins. That's it. It is a profit still i agree. But zero profitability is very near. Ya can argue that there are some shitcoins with better perfomance. This hour or yesterday. May be. But it is not mining. you crazy..... I earn over $1/day on a 1070 on a long standing algo..... You must also take into account others' mining strategies may not be the same inside the box thinking that you are using. if you can max out a 10KwH generator on petrol; you can definitely be profitable. Food for thought. Petrol is not chip now. They called it black gold you know
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dimpsk
Newbie
Offline
Activity: 112
Merit: 0
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March 31, 2018, 07:51:51 PM |
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I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?
Sure it is. But the ROI is much much longer. Actually ya don't understand what are you talking about. Right now we can see levels of zero profitability for those guys who already have the farms and whose electricity is very chip. Maybe if you're trying to mine with older gpu's. I don't mine with anything older than a 1070ti. Those are still profitable even at today's coin prices. I wouldn't buy any more of them even at msrp, but I'm not ready to sell them yet either. May be. Let's estimate. 1070 and 1070ti are the best ones now. They ' ll give you $0.5 profit per day on $0.06 kwt/h electricity from wall according what to mine coins. That's it. It is a profit still i agree. But zero profitability is very near. Ya can argue that there are some shitcoins with better perfomance. This hour or yesterday. May be. But it is not mining. you crazy..... I earn over $1/day on a 1070 on a long standing algo..... You must also take into account others' mining strategies may not be the same inside the box thinking that you are using. if you can max out a 10KwH generator on petrol; you can definitely be profitable. Food for thought. Yep it's near $1 per day (a bit less) if your electricity is free. I just checked it up. Otherwise it's a bullshit. Sorry you got burnt on gpu's or started mining at a bad time. Whatever the case is, I'm doing just fine and still happy with sub-par daily profit that I NEVER take compared to 4 months ago. I wouldn't start building a mining farm with an unknown outlook at this time, but I certainly won't quit mining with what I have. If you're currently mining ... Sell at 10X or GTFO. Not sure how you expect anything in crypto to be a stready climb up all of the time. Otherwise, buy almost any top ten coin at a super discounted price right now and hold. Or if that scares you, join a fucking bowling league. Of course i don't sell coins I mining right now. Even ETH But this doesnot mean mining is still profitable. Some said they got $1 per GPU in a day. I 'd said it more close to $0.5 We can speculate that rebond will come one day. That's perfect. But mining can't be the only work for leaving. Course you can't now even sell this coins for electricity bills Or pizza. It's a hobby again. Or some kind of investment. That's the point
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rothcom65
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Activity: 22
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March 31, 2018, 08:40:27 PM |
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I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?
Sure it is. But the ROI is much much longer. Actually ya don't understand what are you talking about. Right now we can see levels of zero profitability for those guys who already have the farms and whose electricity is very chip. Maybe if you're trying to mine with older gpu's. I don't mine with anything older than a 1070ti. Those are still profitable even at today's coin prices. I wouldn't buy any more of them even at msrp, but I'm not ready to sell them yet either. May be. Let's estimate. 1070 and 1070ti are the best ones now. They ' ll give you $0.5 profit per day on $0.06 kwt/h electricity from wall according what to mine coins. That's it. It is a profit still i agree. But zero profitability is very near. Ya can argue that there are some shitcoins with better perfomance. This hour or yesterday. May be. But it is not mining. you crazy..... I earn over $1/day on a 1070 on a long standing algo..... You must also take into account others' mining strategies may not be the same inside the box thinking that you are using. if you can max out a 10KwH generator on petrol; you can definitely be profitable. Food for thought. Yep it's near $1 per day (a bit less) if your electricity is free. I just checked it up. Otherwise it's a bullshit. Sorry you got burnt on gpu's or started mining at a bad time. Whatever the case is, I'm doing just fine and still happy with sub-par daily profit that I NEVER take compared to 4 months ago. I wouldn't start building a mining farm with an unknown outlook at this time, but I certainly won't quit mining with what I have. If you're currently mining ... Sell at 10X or GTFO. Not sure how you expect anything in crypto to be a stready climb up all of the time. Otherwise, buy almost any top ten coin at a super discounted price right now and hold. Or if that scares you, join a fucking bowling league. Of course i don't sell coins I mining right now. Even ETH But this doesnot mean mining is still profitable. Some said they got $1 per GPU in a day. I 'd said it more close to $0.5 We can speculate that rebond will come one day. That's perfect. But mining can't be the only work for leaving. Course you can't now even sell this coins for electricity bills Or pizza. It's a hobby again. Or some kind of investment. That's the point DO YOU ACTUALLY OWN A MINER OR JUST DO SOME RESEARCH AND SHED YOUR OWN KNOWLEDGE ( NOT EXPERIENCE) ? YOU ARE MINING COIN ( it is up or down), ROI MUCH DEPENDS ON HOW YOU ARE GONNA DO WITH THOSE COINS ( DONT LOOK AT THE USD). IF YOU DONT BELIEVE, DO NOT MINE.
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dimpsk
Newbie
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Activity: 112
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March 31, 2018, 08:49:21 PM |
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I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?
Sure it is. But the ROI is much much longer. Actually ya don't understand what are you talking about. Right now we can see levels of zero profitability for those guys who already have the farms and whose electricity is very chip. Maybe if you're trying to mine with older gpu's. I don't mine with anything older than a 1070ti. Those are still profitable even at today's coin prices. I wouldn't buy any more of them even at msrp, but I'm not ready to sell them yet either. May be. Let's estimate. 1070 and 1070ti are the best ones now. They ' ll give you $0.5 profit per day on $0.06 kwt/h electricity from wall according what to mine coins. That's it. It is a profit still i agree. But zero profitability is very near. Ya can argue that there are some shitcoins with better perfomance. This hour or yesterday. May be. But it is not mining. you crazy..... I earn over $1/day on a 1070 on a long standing algo..... You must also take into account others' mining strategies may not be the same inside the box thinking that you are using. if you can max out a 10KwH generator on petrol; you can definitely be profitable. Food for thought. Yep it's near $1 per day (a bit less) if your electricity is free. I just checked it up. Otherwise it's a bullshit. Sorry you got burnt on gpu's or started mining at a bad time. Whatever the case is, I'm doing just fine and still happy with sub-par daily profit that I NEVER take compared to 4 months ago. I wouldn't start building a mining farm with an unknown outlook at this time, but I certainly won't quit mining with what I have. If you're currently mining ... Sell at 10X or GTFO. Not sure how you expect anything in crypto to be a stready climb up all of the time. Otherwise, buy almost any top ten coin at a super discounted price right now and hold. Or if that scares you, join a fucking bowling league. Of course i don't sell coins I mining right now. Even ETH But this doesnot mean mining is still profitable. Some said they got $1 per GPU in a day. I 'd said it more close to $0.5 We can speculate that rebond will come one day. That's perfect. But mining can't be the only work for leaving. Course you can't now even sell this coins for electricity bills Or pizza. It's a hobby again. Or some kind of investment. That's the point DO YOU ACTUALLY OWN A MINER OR JUST DO SOME RESEARCH AND SHED YOUR OWN KNOWLEDGE ( NOT EXPERIENCE) ? YOU ARE MINING COIN ( it is up or down), ROI MUCH DEPENDS ON HOW YOU ARE GONNA DO WITH THOSE COINS ( DONT LOOK AT THE USD). IF YOU DONT BELIEVE, DO NOT MINE. I don't believe ya. Course you could not say even where will be price of your coin tomorrow. The only fair ROI estimate - is take current prices and imagine you sold all what mined today, decreased income by electricity costs and put remain in the box. From that box you will repay your capital investment. That's right. 60 MONTHES from now. It's a fair ROI NOW that helps you make the right choice. That's it dude. Other will lead you to the poverty
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Keelhaul
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March 31, 2018, 09:57:47 PM |
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Just like it was dead back in 2012. And again there's gonna pop up another ASIC-proof cryptoalgorithm and we will switch to it. :-)
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dimpsk
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March 31, 2018, 10:12:37 PM Last edit: March 31, 2018, 10:23:41 PM by dimpsk |
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Just like it was dead back in 2012. And again there's gonna pop up another ASIC-proof cryptoalgorithm and we will switch to it. :-)
Agree with this. Decentralisation - is not the base pillar of the mining but all cryptocurrency. We have bitcoin because it's the first. Other coins that are mined by asics or just issued by founders should go to hell. Earlier or later
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