nitrobg (OP)
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August 13, 2018, 08:40:29 PM |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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fanatic26_
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August 13, 2018, 08:43:35 PM |
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Welcome to crypto mining.
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Metroid
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Activity: 2142
Merit: 353
Xtreme Monster
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August 13, 2018, 08:57:12 PM |
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and the funny thing is that some idiot created a thread and said is a good time to buy gpus, hehe, when is like this, the best thing is buy coins directly and without fear at all cause from here is only profit, funny will be in 2020 as eth hits $8k - $16k and trolls had an opportunity to buy eth at $290 in july 2018.
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BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
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Marvell2
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August 13, 2018, 09:35:59 PM |
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and the funny thing is that some idiot created a thread and said is a good time to buy gpus, hehe, when is like this, the best thing is buy coins directly and without fear at all cause from here is only profit, funny will be in 2020 as eth hits $8k - $16k and trolls had an opportunity to buy eth at $290 in july 2018.
Its only bad for the newbies who got in this year, most hardcore miners have been in th game since 2016 at the latest, they dont ask dumb questions on the forum like ... is mining profitable? lol , cuz thier rigs are payed off years ago and would stilll be in the green with sub 200 eth even. The newbs were late to the party they should have listened and bought cheap crypto instead of mortgaging thier house and buying over priced gpus on credit. let em burn , people need hard lessons sometimes, unfortunately though if they had listened to you metroid and bought eth in the 500s or btc at 8000 they would still be fucked. Its a lose lose situation for newcomers Its the damn asics I hope it goes lower
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adaseb
Legendary
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Activity: 3752
Merit: 1709
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August 13, 2018, 10:20:45 PM |
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Its actually reached the lowest profitability sometime last week when it was still >$300
Its getting pretty bad out there. Pretty much put away the old Radeon 7970/280X gpus and don't know if I will ever hash with them again.
Wondering if there are any more GPUs out there that still can make $1/per gpu/per day?
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DPoS2
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Activity: 189
Merit: 11
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August 13, 2018, 11:07:40 PM |
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Its actually reached the lowest profitability sometime last week when it was still >$300
Its getting pretty bad out there. Pretty much put away the old Radeon 7970/280X gpus and don't know if I will ever hash with them again.
Wondering if there are any more GPUs out there that still can make $1/per gpu/per day?
nah, in some ways it is ok to mine at a loss just so you are your own exchanger. But only if it isn't much of a loss.. so you use what you have and take what you can get. If you buy new gear now to mine it is total crazy. The mining companies will keep making miners until total capitulation like gaming market in early 80's. That is what the mining market look right now. People will all have expensive heaters. Miners bought 6 months ago are now tiny fraction of price. And the fools who are still mining all race to sell their few bits they mine.
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Learn the *Truth* about Big Company Mining Pools!!! Stop Giving Your Money Away!!!
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FFI2013
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August 13, 2018, 11:16:28 PM |
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It's probably only going to get worse when all these asics come on line that haven't shipped yet so everyone who supported bitmain and made them a few more mill hope you like your asic
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leonix007
Sr. Member
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Activity: 1008
Merit: 297
Grow with community
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August 13, 2018, 11:40:31 PM |
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and the funny thing is that some idiot created a thread and said is a good time to buy gpus, hehe, when is like this, the best thing is buy coins directly and without fear at all cause from here is only profit, funny will be in 2020 as eth hits $8k - $16k and trolls had an opportunity to buy eth at $290 in july 2018.
Its only bad for the newbies who got in this year, most hardcore miners have been in th game since 2016 at the latest, they dont ask dumb questions on the forum like ... is mining profitable? lol , cuz thier rigs are payed off years ago and would stilll be in the green with sub 200 eth even. The newbs were late to the party they should have listened and bought cheap crypto instead of mortgaging thier house and buying over priced gpus on credit. let em burn , people need hard lessons sometimes, unfortunately though if they had listened to you metroid and bought eth in the 500s or btc at 8000 they would still be fucked. Its a lose lose situation for newcomers Its the damn asics I hope it goes lower Seems its not at the bottom yet If King BTC reaches below 6k levels for sure more alts blood will flow I'd rather prepare some bags for now than buying a rig but I'll be careful on some sh*tty alts as they might not be recovered
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fanatic26_
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August 13, 2018, 11:43:28 PM |
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It's probably only going to get worse when all these asics come on line that haven't shipped yet so everyone who supported bitmain and made them a few more mill hope you like your asic
Why do you people parrot this stupid shit without understanding what you are saying? ASICs for all major algos have been shipping for months. Get off the FUD train and do a little independent thinking for once.
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Piskeante
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Activity: 924
Merit: 15
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August 14, 2018, 12:42:30 AM |
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enjoy your mining at losses.
It's been 10 days without mining at this shit prices, and i did not regret it, not even once. Everyday the passes, i get my part of reason.
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BTC no more than 6k by end of 2019. ETH no more than 300$ by end 2019. Huge market manipulation, huge amount of scammers and hypers.
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Metroid
Sr. Member
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Activity: 2142
Merit: 353
Xtreme Monster
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August 14, 2018, 01:51:38 AM |
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let em burn , people need hard lessons sometimes, unfortunately though if they had listened to you metroid and bought eth in the 500s or btc at 8000 they would still be fucked. Its a lose lose situation for newcomers
Its the damn asics
I hope it goes lower
You see that is the problem, i know thousands of people that complained why they did not buy bitcoin for $200 and the sale lasted for 6 months, it's funny they tell to themselves "if i had bought, i would be rich" see that is just a wishful thinking, now is the same, they will not buy at this price, they want to buy very very very cheap, and if cryptocoins get to the price they want then they dont buy it, see my point, many with wishful thinking, actually those people do not do anything about it, they prefer to buy cryptcoins when are at all time high then to buy when cryptocoins crashes 5 times hehe, they are doing it wrong hehe, you have to start buying when it crashes more than 100% and never stop buying it. Same thing will happen now, see eth at $260, that will not last long, they can buy at this price which is 5 times less than all time high but they will not because they are losers and when eth hits 8k in 2020 then they will complain why they did not buy for $260 eheh
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BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
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Nancimy
Newbie
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Activity: 27
Merit: 0
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August 14, 2018, 03:01:40 AM |
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Its actually reached the lowest profitability sometime last week when it was still >$300
Its getting pretty bad out there. Pretty much put away the old Radeon 7970/280X gpus and don't know if I will ever hash with them again.
Wondering if there are any more GPUs out there that still can make $1/per gpu/per day?
I might start using the 7970 for xmr mining with low voltage. otherwise it is not profitable.
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Marvell2
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August 14, 2018, 03:02:36 AM |
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let em burn , people need hard lessons sometimes, unfortunately though if they had listened to you metroid and bought eth in the 500s or btc at 8000 they would still be fucked. Its a lose lose situation for newcomers
Its the damn asics
I hope it goes lower
You see that is the problem, i know thousands of people that complained why they did not buy bitcoin for $200 and the sale lasted for 6 months, it's funny they tell to themselves "if i had bought, i would be rich" see that is just a wishful thinking, now is the same, they will not buy at this price, they want to buy very very very cheap, and if cryptocoins get to the price they want then they dont buy it, see my point, many with wishful thinking, actually those people do not do anything about it, they prefer to buy cryptcoins when are at all time high then to buy when cryptocoins crashes 5 times hehe, they are doing it wrong hehe, you have to start buying when it crashes more than 100% and never stop buying it. Same thing will happen now, see eth at $260, that will not last long, they can buy at this price which is 5 times less than all time high but they will not because they are losers and when eth hits 8k in 2020 then they will complain why they did not buy for $260 eheh sav this post lol
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Xazax310
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August 14, 2018, 03:11:17 AM |
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Ethereum has reached the historically lowest point of profitability per megahash (Again)
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Watjila
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Activity: 58
Merit: 0
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August 14, 2018, 04:47:41 AM |
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I think it is still profitable for the ASIC miners.
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Piskeante
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Activity: 924
Merit: 15
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August 14, 2018, 09:36:46 AM |
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my machines are off, but if they were on, i would be doing 8$ per month after electricity so still in profit. But it makes no fucking sense to do it at that price. Moreover, i disagree with mr metroid. I don't think your specullations for price are gonna get real. Hope you are not building your future based on NO BASIS. i care about you, even if you don't believe me
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BTC no more than 6k by end of 2019. ETH no more than 300$ by end 2019. Huge market manipulation, huge amount of scammers and hypers.
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dragonmike
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August 14, 2018, 09:58:03 AM |
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start buying when it crashes more than 100% and never stop buying it.
You should be an investment advisor. No, seriously.
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xfunk
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August 14, 2018, 10:12:56 AM |
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my machines are off, but if they were on, i would be doing 8$ per month after electricity so still in profit. But it makes no fucking sense to do it at that price. Moreover, i disagree with mr metroid. I don't think your specullations for price are gonna get real. Hope you are not building your future based on NO BASIS. i care about you, even if you don't believe me How much do you pay for KWh?
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Piskeante
Member
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Activity: 924
Merit: 15
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August 14, 2018, 10:52:59 AM |
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my machines are off, but if they were on, i would be doing 8$ per month after electricity so still in profit. But it makes no fucking sense to do it at that price. Moreover, i disagree with mr metroid. I don't think your specullations for price are gonna get real. Hope you are not building your future based on NO BASIS. i care about you, even if you don't believe me How much do you pay for KWh? it's mixed. At night i pay like 0,08€/kWh (0.09ish $) for 14 hours, and from 13:00 to 22:59 i pay 0,18€ or 0,21ish $. the mix is around 0,142ish $ / kWh.
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BTC no more than 6k by end of 2019. ETH no more than 300$ by end 2019. Huge market manipulation, huge amount of scammers and hypers.
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swogerino
Legendary
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Activity: 3150
Merit: 1234
Leading Crypto Sports Betting & Casino Platform
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August 14, 2018, 01:20:12 PM |
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Unfortunately this is true. A single rig with 6 Rx cards , the high end, 570 and 580 series is only making 3.30 dollars daily with Nicehash. The colleagues that I manage the rigs for told me to shut down their rigs because they are barely making even but I told them that is a good thing to mine even when at a loss because the price may go up a lot in the near future.
For the moment they told me they will run the rigs until end of September and if nothing changes they will shut down their rigs. A bad moment for Ethereum in all the possible senses, price , trading and mining.
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