jasta more
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Activity: 224
Merit: 18
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September 21, 2018, 02:46:35 PM |
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Guys dont you think that bigger threat atm for gpu mining is eth block reward going from 3 eth per block down to 2 in 10 days then asics,i mean we are talking about millions of cards that are mining eth with barely any profit depending on the electricity price...Think that we can see rx cards for 100$ soon enough
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philipma1957 (OP)
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Merit: 7765
'The right to privacy matters'
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September 21, 2018, 03:04:06 PM |
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Guys dont you think that bigger threat atm for gpu mining is eth block reward going from 3 eth per block down to 2 in 10 days then asics,i mean we are talking about millions of cards that are mining eth with barely any profit depending on the electricity price...Think that we can see rx cards for 100$ soon enough
nope not an issue. Belief that Eth has value would allow more support to its price. The problem is many no longer believe in it value. |
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soothaa
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September 21, 2018, 03:09:14 PM |
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Guys dont you think that bigger threat atm for gpu mining is eth block reward going from 3 eth per block down to 2 in 10 days then asics,i mean we are talking about millions of cards that are mining eth with barely any profit depending on the electricity price...Think that we can see rx cards for 100$ soon enough
nope not an issue. Belief that Eth has value would allow more support to its price. The problem is many no longer believe in it value. Which blows my mind. ETH is the most functional and widely used smart contract system out there. Sure, it's not perfect. But it works and is damn cool. |
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nsummy
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September 21, 2018, 03:29:01 PM |
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Guys dont you think that bigger threat atm for gpu mining is eth block reward going from 3 eth per block down to 2 in 10 days then asics,i mean we are talking about millions of cards that are mining eth with barely any profit depending on the electricity price...Think that we can see rx cards for 100$ soon enough
nope not an issue. Belief that Eth has value would allow more support to its price. The problem is many no longer believe in it value. Which blows my mind. ETH is the most functional and widely used smart contract system out there. Sure, it's not perfect. But it works and is damn cool. All things considered, $230 isn't that bad for the price. Its down 15% from the price it was at a year ago today. People got spoiled by that giant run-up at the end of last year. What blows my mind is XRP. I don't understand how that snake oil is now #2. |
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Xazax310
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Activity: 246
Merit: 24
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September 21, 2018, 03:32:30 PM |
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From my understanding XRP the Crypto has zero to do with Ripple the company... really makes no sense.
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nsummy
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September 21, 2018, 03:45:42 PM |
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From my understanding XRP the Crypto has zero to do with Ripple the company... really makes no sense.
From what I have read, the price has shot up due to this: https://www.cnbc.com/2018/09/17/ripple-hints-cryptocurrency-product-xrapid-will-go-live-soon.htmlWhich I still don't understand how this would work exactly. The technology makes sense if we are talking about a token that is pegged at a set amount (like tether), but I don't know how banks could possibly use XRP with such volatility.. This is a perfect example of why Ripple needs to be regulated by the SEC. |
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Biodom
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September 21, 2018, 04:39:17 PM |
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Beware, Bitmain still did not send the miner (Z9) that they said they are sending 6 days ago.
Tariffs already paid few days ago, still nothing apart from some bullshit about "mechanical failure".
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philipma1957 (OP)
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Merit: 7765
'The right to privacy matters'
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September 21, 2018, 05:05:52 PM |
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Beware, Bitmain still did not send the miner (Z9) that they said they are sending 6 days ago.
Tariffs already paid few days ago, still nothing apart from some bullshit about "mechanical failure".
So how much was the z9 and how much were the taxes? And how on earth do you get charged taxes for gear that was not shipped? I usually don’t get a tariff bill until goods are in the states. |
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vuli1
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September 21, 2018, 05:47:50 PM |
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slowly is getting boring under Mining section.  |
★ PRiVCY ➢ Own Your Privacy! ➢ Best privacy crypto-market! ★
✈✈✈[PoW/PoS]✅[Tor]✅[Airdrop]✈✈✈ (https://privcy.io/) |
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Biodom
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September 21, 2018, 07:02:40 PM |
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Beware, Bitmain still did not send the miner (Z9) that they said they are sending 6 days ago.
Tariffs already paid few days ago, still nothing apart from some bullshit about "mechanical failure".
So how much was the z9 and how much were the taxes? And how on earth do you get charged taxes for gear that was not shipped? I usually don’t get a tariff bill until goods are in the states. Gear was around 14K, taxes were around $3.8K extra. Valid question re why I had to pay few days ago. It turns out that Bitmain first sends the paperwork, you pay, then they send miners in a short deal afterwards. However, this time they f-d up, got "mechanical failure" so their fakery was revealed. I asked UPS rep and she said: companies ask for receiver to pay taxes first BEFORE they send. Because their "sending process" was messed up, all UPS notices are weird because according to them the product was already at a local delivery place on 9/18, while IN FACT it MAYBE started moving from China today. |
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philipma1957 (OP)
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'The right to privacy matters'
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September 21, 2018, 08:16:13 PM |
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interesting as it does have chips and lots of them.
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molivil
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September 21, 2018, 08:22:21 PM
Last edit: September 21, 2018, 09:42:46 PM by molivil |
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Belief that Eth has value would allow more support to its price.
The problem is many no longer believe in it value.
I think Ethereum is now closer to it's intrinsic value than what it was when it was hyped to $1300. The project and technology itself is pretty amazing, and I've always invested in the technology part (by mining and holding). But it became overhyped, and the higher prices made mining so profitable that when the prices finally pulled back, it was overmined. Just like with almost all other cryptocurrencies... |
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badfad
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September 21, 2018, 10:56:42 PM |
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So here's a thought..
A pow coin needs a good balance of miners and traders/investors. 2016/2017 have been a freaking goldrush for miners, mostly because not enough gpus were online and no ASICs were made.
Now there are too many gpus hashing out there, so clearly buying a coin isn't such a bad ideea. If this profitability downtrend goes on for another year or so wouldn't the balance shift from miners to buyers/investors?
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philipma1957 (OP)
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Activity: 4102
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'The right to privacy matters'
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September 21, 2018, 11:13:04 PM |
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So here's a thought..
A pow coin needs a good balance of miners and traders/investors. 2016/2017 have been a freaking goldrush for miners, mostly because not enough gpus were online and no ASICs were made.
Now there are too many gpus hashing out there, so clearly buying a coin isn't such a bad ideea. If this profitability downtrend goes on for another year or so wouldn't the balance shift from miners to buyers/investors?
No. why is that? it already shifted this year. But please understand mining should not be compared to trading + investing. It is like comparing apples to humans. Mining is a power game ie cheap power = king we are fully swung to that. 50-60% of the network = s9 10-20% of the network = avalon 841 and they are all near breakeven at 9.87 cents a kwatt we could go lower. the wall would be 4.5 cents a kwatt |
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badfad
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September 21, 2018, 11:40:13 PM |
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I'm assuming that new people who get into crypto have 2 ways to acquire coins mine them or buy them. And since mining isn't attractive at all, they will have to resort to buying the coins with they're own $$. So instead of buying GPUs to mine eth they will buy eth(or any other coin).
Ofc if you have very very cheap power mining will always be a good business.
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adaseb
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September 22, 2018, 07:00:01 AM |
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Whatever you guys do, don't short XRP. I got burnt last year on the run up over $3.
I figured this coin was originally less than a penny and no way it was going to hold $1 and then later on holding $2 was proved wrong.
Even if you trade on small margin and leverage the lending fees will get you. I think yesterday you could of bet 0.50% per day by lending XRP.
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citronick
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---- winter*juvia -----
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September 22, 2018, 08:31:44 AM |
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Whatever you guys do, don't short XRP. I got burnt last year on the run up over $3.
I figured this coin was originally less than a penny and no way it was going to hold $1 and then later on holding $2 was proved wrong.
Even if you trade on small margin and leverage the lending fees will get you. I think yesterday you could of bet 0.50% per day by lending XRP.
that rally last year was epic... i bought late at 80c and still made money when my sell orders triggered like clockwork at $1, $1.50 and $2 |
If I provided you good and useful info or just a smile to your day, consider sending me merit points to further validate this Bitcointalk account ~ useful for future account recovery...
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Satlite
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September 22, 2018, 02:03:18 PM |
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Whatever you guys do, don't short XRP. I got burnt last year on the run up over $3.
I figured this coin was originally less than a penny and no way it was going to hold $1 and then later on holding $2 was proved wrong.
Even if you trade on small margin and leverage the lending fees will get you. I think yesterday you could of bet 0.50% per day by lending XRP.
that rally last year was epic... i bought late at 80c and still made money when my sell orders triggered like clockwork at $1, $1.50 and $2 Did you sell all yours after the $2? A few days ago, the price was around $0.25. |
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