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Author Topic: Finally GPU mining is dead...  (Read 952 times)
Ursul0
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February 23, 2021, 03:32:39 PM
 #1

as in you'd drop dead if you knew the profits.

where's metroid btw?
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Skinny48
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February 23, 2021, 04:31:43 PM
 #2

I don't know what you aiming at here pal but since a day ago I've been making double of what my mining rig was giving me before, GPU mining is very much alive and even many altcoins are profitable to mine right now, you need a calculator maybe? Here you go

https://minerstat.com/coin/ETH


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February 23, 2021, 05:04:26 PM
 #3

Not yet, miners are still making hell of profits right now due to panic sell off from investors, what I still don't understand is the cause of this panic effect, majority don't even understand what correction is and they are panicking because BTC lose some value ?

examplens
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February 23, 2021, 05:58:25 PM
 #4

Not yet, miners are still making hell of profits right now due to panic sell off from investors, what I still don't understand is the cause of this panic effect, majority don't even understand what correction is and they are panicking because BTC lose some value ?

Newcomers in crypto who spend life savings in Bitcoin is afraid of every value to fall down. that has always.
they have heard of some astronomical earnings, so they thought, why don't they make money too. Of course, they were informed, of course, they were informed through comments on social networks, or in a random newspaper where journalists threw in some text, just to sell the article.

Anyway, that's fine. It is always good when fresh capital is brought into the crypto market.

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miner29
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February 23, 2021, 06:38:27 PM
 #5

I think those who have responded to OP did not catch the sarcasm.....  Grin

I did.
Ursul0
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February 23, 2021, 07:30:04 PM
 #6

I think those who have responded to OP did not catch the sarcasm.....  Grin

I did.
Smiley)))

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February 24, 2021, 02:24:06 AM
Last edit: February 24, 2021, 02:47:34 AM by xxcsu
 #7

as in you'd drop dead if you knew the profits.

where's metroid btw?

not everyone understand what and why you saying Smiley but most of us do Smiley

So those who missed our very knowledgeable forum member, Metroid  amazing topics, HERE is the link for you to understand what the OP is talking about Wink

.... Yeah for him(metroid) gpu mining was dead from the beginning Smiley
But for some reason All my built miners from 2016/2017 are still working and making money/profit, as they did in the past 4-5 years .
Sometime less, sometime more , but for me gpu mining never was dead ...

I guess the way things are going, soon many miners will start committing suicide, I love the prospect of it. I mean right now, the whole world might be mining and dumping altcoins to pay their loans, soon only few miners will be left mining with $0.05 per card a day, like used to be hehe

Lucky me im still alive  Grin and the past 4-5 years never mined anything for a $0.05 per card a day Wink

Mining is for losers cause most of you noobs sell your coins too low hehe, I myself love when a coin is crashing you trolls help them to crash even further and then I have to come in and buy your cheap coins hehe, I wait till the enxt 100% pump and then take my profits, I always win hehe, so my returns as a trader are many thousands times greater then you losers miners hehe

Yeah this is him , a very helpful member for our community Smiley

GPU mining is died for him in 2018 , but he is still mining  Grin Grin Grin Grin

I have a 470 here and i undervolted to 800mv at 900 mhz, memory 1751 mhz and it does 11 mhs on rvn, 67 watts on software and 115 watts on the wall, use your skills trolls.

so GPU mining is still not dead for you  Smiley
You still have a 470 there ? I thought GPU mining died in 2018  Grin
What a big change Smiley
 Grin Grin Grin Look who is the biggest troll here Grin Grin Grin


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philipma1957
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February 24, 2021, 04:18:05 AM
 #8

Mine on.

 I  have

1x 3090 on the way
2x 3060ti on the way

1x 3070 full pc on the way

and a 6800xt on back order.

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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February 24, 2021, 06:05:01 AM
 #9

Mine on.

 I  have

1x 3090 on the way
2x 3060ti on the way

1x 3070 full pc on the way

and a 6800xt on back order.
New orders? Guy you got some balls, I really want to be like you some day, I'm seeing cheap gpus that are within my reach here but I couldn't buy them, I don't have the balls to keep buying gpu and mining, a half of me thinks about what will happen if bear season gets here

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Branko
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February 24, 2021, 08:04:05 AM
 #10

I think those who have responded to OP did not catch the sarcasm.....  Grin

I did.

They probably didn't follow Metroid  Grin
Metroid
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February 24, 2021, 08:05:00 AM
 #11

as in you'd drop dead if you knew the profits.

where's metroid btw?

I'm here hehe, for the record that phase we have seen from july 2018 to july 2020 will return again very soon, it was 24 months of misery, agony and negative profits and yeah I called that.

Grin Grin Grin Look who is the biggest troll here Grin Grin Grin

I do mine for hobby not for profit, trading is for profit not hobby, where most of you trolls sold eth for 100 ~ 400, I myself sold for 1k and most at 2k, better be safe than sorry, I have few gpus at moment, bought last december 2 x 3080 evga ftw3, i have few other gpus, 1x 470, 2x gtx 1070.

And I will do just the same thing I did last time, I will wait this bull market to crash 95% again and will again buy coins. I will not buy gpus to mine on the bear market, that is stupid and for the record who follows my advice is doing good, i said last year to buy coins not gpus, after eth hit 900 usd then i said to buy gpus not coins, risk of buying coins is still very high at moment as this can crash anytime, so I advise any to buy gpus if price is right if not then wait this to crash 95% and then buy coins. As for myself I will just wait this bull market to crash, not in a hurry and right now I see thieves wanting to sell 3080 for 2k already hehe, if you can get a 3080 for 1k or less then go for it, if more than that then forget.

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February 24, 2021, 09:24:23 AM
 #12

as in you'd drop dead if you knew the profits.

where's metroid btw?

I'm here hehe, for the record that phase we have seen from july 2018 to july 2020 will return again very soon, it was 24 months of misery, agony and negative profits and yeah I called that.

Grin Grin Grin Look who is the biggest troll here Grin Grin Grin

I do mine for hobby not for profit, trading is for profit not hobby, where most of you trolls sold eth for 100 ~ 400, I myself sold for 1k and most at 2k, better be safe than sorry, I have few gpus at moment, bought last december 2 x 3080 evga ftw3, i have few other gpus, 1x 470, 2x gtx 1070.

And I will do just the same thing I did last time, I will wait this bull market to crash 95% again and will again buy coins. I will not buy gpus to mine on the bear market, that is stupid and for the record who follows my advice is doing good, i said last year to buy coins not gpus, after eth hit 900 usd then i said to buy gpus not coins, risk of buying coins is still very high at moment as this can crash anytime, so I advise any to buy gpus if price is right if not then wait this to crash 95% and then buy coins. As for myself I will just wait this bull market to crash, not in a hurry and right now I see thieves wanting to sell 3080 for 2k already hehe, if you can get a 3080 for 1k or less then go for it, if more than that then forget.
Thanks, where i can follow you? only here ? will be nice if you have youtube channel for hobby too.
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February 24, 2021, 09:39:57 AM
 #13

Thanks, where i can follow you? only here ? will be nice if you have youtube channel for hobby too.

For real time chat then trollbox at poloniex, I'm most active there, I also chat on bitmex or hitbtc not very often though, forums at techpowerup and here at bitcointalk. For complete privacy and protection, better not to mess with youtube, facebook or twitter.

BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
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February 24, 2021, 09:57:20 AM
 #14

as in you'd drop dead if you knew the profits.

where's metroid btw?

I'm here hehe, for the record that phase we have seen from july 2018 to july 2020 will return again very soon, it was 24 months of misery, agony and negative profits and yeah I called that.

Grin Grin Grin Look who is the biggest troll here Grin Grin Grin

I do mine for hobby not for profit, trading is for profit not hobby, where most of you trolls sold eth for 100 ~ 400, I myself sold for 1k and most at 2k, better be safe than sorry, I have few gpus at moment, bought last december 2 x 3080 evga ftw3, i have few other gpus, 1x 470, 2x gtx 1070.

And I will do just the same thing I did last time, I will wait this bull market to crash 95% again and will again buy coins. I will not buy gpus to mine on the bear market, that is stupid and for the record who follows my advice is doing good, i said last year to buy coins not gpus, after eth hit 900 usd then i said to buy gpus not coins, risk of buying coins is still very high at moment as this can crash anytime, so I advise any to buy gpus if price is right if not then wait this to crash 95% and then buy coins. As for myself I will just wait this bull market to crash, not in a hurry and right now I see thieves wanting to sell 3080 for 2k already hehe, if you can get a 3080 for 1k or less then go for it, if more than that then forget.
Good advice sir Metroid, I bought gpus when eth already reached 1k, I guess I was in a dummy mode at the time, my loss haha, I used to own 12 ETH but too blind to see that bull season will eventually return again, I would have earned a lot right now, anyways I have free electricity and if bear market returns isn't it better to just keep mining?

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Metroid
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February 24, 2021, 10:59:44 AM
 #15

Good advice sir Metroid, I bought gpus when eth already reached 1k, I guess I was in a dummy mode at the time, my loss haha, I used to own 12 ETH but too blind to see that bull season will eventually return again, I would have earned a lot right now, anyways I have free electricity and if bear market returns isn't it better to just keep mining?

Free electricity means you can cope with the bear market without any problem, remember that as the price starts going down, who will turn off their computers first are the people who pay the most for their electricity or find mining not attractive anymore and then the ones that will survive the bear market are the ones with the cheapest electricity and that fits your case.

The idea now is, sell all your eth as you mine then wait for the bear market and then buy coins, do not buy gpus, trust me even with free electricity buy coins in the bear market is a better return if you look 3 to 5 years down the line, but to be worth, eth price needs to crash a lot to be attractive, around 100 ~ 200 usd, will it crash to 100 ~200 usd, only time will tell.

BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
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February 24, 2021, 04:40:57 PM
 #16

Thanks, where i can follow you? only here ? will be nice if you have youtube channel for hobby too.

For real time chat then trollbox at poloniex, I'm most active there, I also chat on bitmex or hitbtc not very often though, forums at techpowerup and here at bitcointalk. For complete privacy and protection, better not to mess with youtube, facebook or twitter.
Sounds great, will check
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February 24, 2021, 05:04:15 PM
 #17

I've been mining since 2016 and have 7-5.4 cent electricity.  Even with cheap electricity a bear market is not fun and if you buy gear at inflated prices you will never ROI.

I try to make my moves are market extremes, sell / hedge at highs like now and buy lows when crypto is "dead".   
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February 24, 2021, 06:31:34 PM
 #18

I've been mining since 2016 and have 7-5.4 cent electricity.  Even with cheap electricity a bear market is not fun and if you buy gear at inflated prices you will never ROI.

Yeah, truth and fact is, if you buy a rtx 3080 now for 1500 usd you will never roi it. Yeah I know, the mindless trolls will come here and say they will roi no matter what hehe, reason they are mindless, rtx 3080 for 1k you have a great chance to if this doesn't end next 4 months or the difficulty stays the same but we know either one of those will happen, the difficulty has been increasing dramatically or the market will simple crash to hehell ehhe and when it crashes to hehell your 4 months roi will become 10 years roi hehe

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February 24, 2021, 07:37:24 PM
Last edit: February 24, 2021, 10:20:23 PM by xxcsu
 #19

the best way to deal with crypto if you mining and trading at the same time ... if you can hold all your mined coin for years , doing some trading at the right time , you can get a lot of extra coins with trading , and of course at the same time with mining during years ...
For my opinion investing into GPU's not a bad investment... i paid around 200$ for my rx480's over 4 years ago , i can still sale them, right now way over that price.
Paid around 280$ for my RX580 special edition ( blue ) , years ago, still can sell them over 500$ .

You need to understand there is no ETH or BTC without miners , no trading without miners , no miners without traders Smiley

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February 24, 2021, 07:58:49 PM
 #20

I've been mining since 2016 and have 7-5.4 cent electricity.  Even with cheap electricity a bear market is not fun and if you buy gear at inflated prices you will never ROI.

Yeah, truth and fact is, if you buy a rtx 3080 now for 1500 usd you will never roi it. Yeah I know, the mindless trolls will come here and say they will roi no matter what hehe, reason they are mindless, rtx 3080 for 1k you have a great chance to if this doesn't end next 4 months or the difficulty stays the same but we know either one of those will happen, the difficulty has been increasing dramatically or the market will simple crash to hehell ehhe and when it crashes to hehell your 4 months roi will become 10 years roi hehe
I purchased Red devil 580 GPUs at $425+taxes  in 2018. They have been running non stop since. 30 months of mining should have done ROI.
The difference between now and 2018 is that we may finally have POS/1559 that would stop Eth mining.
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