GPU mining is dead. Yeah, sure thing!

[philipma1957]

Enough already metroid, all those weeks is already enough to make most of your money invested on GPUs back, I'm glad I don't follow your warnings because I bought my GPUs at Feb of this year and now Ive made them ROI back

hehe, well, I purchased my 2 3080 for 1k usd each in february too but i dont mine with them, I actually use for important stuff, 1, I use for gaming and the other one for deep learning. I'm not a miner, actually, I have never been one, even in bitcoin earlier era, I have always been an investor, buy and sell and vice versa, mining is for losers but hey, is one of my hobbies know about mining and its economics because to be a successful investor in crypto i had to learn about it.

the profit in ETH mining per 3080 now breached 20$ going to 30$..

at these mining profits of course he will get salty, he's human. with his know how he can build a huge farm given the right circumstances for him.

metroid is anti-miner here because in his circumstance mining is temporary due to electricity price and "the effort-time-money" equation for him. it is smart for him to do that, just like a shitcoin bag that is not profitable for anyone-they should dump them hence he dumped mining, i would recommend it to everyone who are in his position.

for people like philipma1957, who can blast off for a year or two at the start of the bear market. then you should put mining into your portfolio..just like a successful shitcoin turned major, you hold/trade it and profit from it.

and for people who get triggered by metroid just think about market cycles and trends..metroid was right, then metroid was wrong...hell even crypto low iq newbs was also right after investing in pump and dumps....in crypto everyone has a chance to be right, it is a matter of timing.

this is a good analysis. I met up with buysolar via bitcointalk. turned out he lives under 10 miles from me.

We knew we had the edge in cheap power. due to his solar business it has taken us close to 7 years to be in this position.

we would be stupid not to mine.

buysolar does trade a bit more than me and holds coins longer than me.

I do not need a 35 year income stream from btc as I will be 99 in 35 years.

So for me I tend to play it safer.

[Commie]

Where is metroid ?

Lurking hehe

I'm planning to sell close to 4.6 ~ 5k which is what i said would be the top, trolls are waiting it to go to 10k but I believe 10k eth is a huge bulltrap, I will be happy with anything close to 5k, I believe eth will go higher because btc is not yet its top which I believe will be 79k. What I will do is, as soon as eth go higher than 4600 usd, i will do a stop limit order at 4600 usd, then if it crashes it will hit my sell order, if not then i will see where it will go then decide if i will increase the limit stop order aka stop loss.

LOL I was kinda expecting your comment to be first one saying it's all BS, noobs have no idea what they're doing when they buy cards at these crazy prices, etc, etc 

[Commie]

at those numbers a 3070 makes over 8 usd a day.

Re-check your calculations, sounds quite low for the current moment. Right now Awesome miner shows estimated profit for one 3080 around 28 usd/day and it seems right with increased reward, 3070 should be roughly 60% of that.

[greg777777]

11.05.2021 was amazing for mining!!! ~284.75$ for 1 GH/s!!!
https://i.imgur.com/e8gt0Zg.jpg

[philipma1957]

at those numbers a 3070 makes over 8 usd a day.

Re-check your calculations, sounds quite low for the current moment. Right now Awesome miner shows estimated profit for one 3080 around 28 usd/day and it seems right with increased reward, 3070 should be roughly 60% of that.

you are correct nicehash has one 3060ti at 19 one 3070 at 19.5 one 3070 at 20.05

the laptop amd 5600m at 34 mh is doing about 11 a day

at the moment it is stupid good.

since much of my cards pruchased from late jan to now were all due to cashing in the doge at too low of a price. I am now making up 🆙 for some of that error as I used that profit to press on the cards.

I am in a funny spot as I am now making a lot in the house without much noise and heat.

plus weather has been cool so no ac needed.

when these back off in profit i will move to warehouse.

i have 3x 3060ti pcs coming
i have 1x 3070 pc coming

this is 240mh or about 65-75 a day

[Commie]

the laptop amd 5600m at 34 mh is doing about 11 a day

Mining with laptop too, are we  Just kidding, I'd fire my laptop up too while these daily profits are crazy, but unfortunately it only has 4GB 1650 GPU.

i have 3x 3060ti pcs coming
i have 1x 3070 pc coming

this is 240mh or about 65-75 a day

I'm getting jealous. Only one 3080 is on the way to me.

[Zotak337]

the laptop amd 5600m at 34 mh is doing about 11 a day

Mining with laptop too, are we  Just kidding, I'd fire my laptop up too while these daily profits are crazy, but unfortunately it only has 4GB 1650 GPU.

i have 3x 3060ti pcs coming
i have 1x 3070 pc coming

this is 240mh or about 65-75 a day

I'm getting jealous. Only one 3080 is on the way to me.

You can still mine ETC on that laptop of yours, 4gb is doable today compare to weeks back, I can bet something around 4$ from ETC with a gtx1650 right now, the truth is this insane amount of profits won't last forever, I can smell bear market coming already

[Commie]

You can still mine ETC on that laptop of yours, 4gb is doable today compare to weeks back, I can bet something around 4$ from ETC with a gtx1650 right now, the truth is this insane amount of profits won't last forever, I can smell bear market coming already

Not sure about $4, more like $2 or less on ETC. Not worth burning an expensive laptop for it.

[philipma1957]

i will most likely return the laptops

[Commie]

i will most likely return the laptops

This laptop is my work horse, I bought it just a year ago.

[philipma1957]

i will most likely return the laptops

This laptop is my work horse, I bought it just a year ago.

if you use it for other shit do not mine with it.

I have mac minis for my non mining pcs

[TheMimic1]

It's never going to be over for GPU mining even if Ethereum stop been profitable or if ETH change its PoW algorithm, there are many new and old coins that still runs on proof of work algorithm

[sxemini]

You can still mine ETC on that laptop of yours, 4gb is doable today compare to weeks back, I can bet something around 4$ from ETC with a gtx1650 right now, the truth is this insane amount of profits won't last forever, I can smell bear market coming already

Not sure about $4, more like $2 or less on ETC. Not worth burning an expensive laptop for it.

Mining ERG is more profitable than ETC and more than ETH also 
You can also mine ERG+ZIL for more profit.

There are so many alternatives out.

[Daltonik]

Nvidia continues its offensive on mining and has deliberately limited the mining capabilities of the three new RTX 3070, RTX 3080 and RTX 3060 Ti graphics cards, calling them "lightweight hashing speed," according to a May 18 announcement made by Matt Wuebbling, head of global GeForce marketing at the company, covering this with concern for computer game lovers. https://blogs.nvidia.com/blog/2021/05/18/lhr/

[philipma1957]

Nvidia continues its offensive on mining and has deliberately limited the mining capabilities of the three new RTX 3070, RTX 3080 and RTX 3060 Ti graphics cards, calling them "lightweight hashing speed," according to a May 18 announcement made by Matt Wuebbling, head of global GeForce marketing at the company, covering this with concern for computer game lovers. https://blogs.nvidia.com/blog/2021/05/18/lhr/

yes be careful what you order.

and if you have older good 3000 cards this made them worth more

[Metroid]

You can still mine ETC on that laptop of yours, 4gb is doable today compare to weeks back, I can bet something around 4$ from ETC with a gtx1650 right now, the truth is this insane amount of profits won't last forever, I can smell bear market coming already

Not sure about $4, more like $2 or less on ETC. Not worth burning an expensive laptop for it.

Mining ERG is more profitable than ETC and more than ETH also 
You can also mine ERG+ZIL for more profit.

There are so many alternatives out.

just make sure you sell as you go that erg coin cause once this crypto market crashes to hehell, those altcoins will suffer a lot, most likely will lose 99.9% of their value today.

[mak013]

Mining ERG is more profitable than ETC and more than ETH also 
You can also mine ERG+ZIL for more profit.

There are so many alternatives out.

Yes, it is. But as i see, right now nethash or ERG is x2 from week ago and grows up. And summary trading volume is about $15kk. If you mined ERG before - this is good time to sell. But to mine it right now - you can get some profit probably for 1 day, maybe less.

[Metroid]

Mining ERG is more profitable than ETC and more than ETH also  
You can also mine ERG+ZIL for more profit.

There are so many alternatives out.

Yes, it is. But as i see, right now nethash or ERG is x2 from week ago and grows up. And summary trading volume is about $15kk. If you mined ERG before - this is good time to sell. But to mine it right now - you can get some profit probably for 1 day, maybe less.

Actually this is still time to sell everything, price is good, not sure what will happen yet, I will still follow my prediction that thieves will create a last bulltrap --> btc 79k then they will crash it to 10k. They will try to steal money from the sheeps one more time and in that move they will make sheeps to believe will go to 100k then crash from 79k to 30k in few minutes then a week later from 30k to 5k then rebound to 10 to 15k and stay there for the next 4 years or so. They need time to prepare for the next bullrun/thievesrun. BTC flash crash from 30k to all the way to 10k ~ 5k very possible, 90% to happen when this goes to hehell. The same thing will happen, I mean i never thought eth would get to almost 5k this bullrun, I thought maximum would be 2k and then look 4.3k, same thing happened in 2018, I thought eth would never crash below 300 usd and it crashed to 80 usd, I myself think eth will not crash lower than 300 usd ever again, maybe I will be wrong again.

Also you trolls need to be very careful with altcoins, hype is what dominates this market as 99.9% of coins is pure speculation, look at dogecoin, greatest example of hype/speculation peak, look at vtc in 2018, it hit 10 usd, now the maximum it hit was 2 usd, so it never got the to highest it got in 2018. So be very careful buying or mining altcoins right now because this value right now may never return once this bullrun ends. Most coins will be dead next bulrun, thieves will create other coins, they need to hype new coins in order to steal the meat of the sheeps.

So mine and sell, this is not the time to hold anything, this is the time to sell and forget unless of course you are willing to lose that money then hold and see where it goes ehhe

This is 2018 all over again, coins that I have never heard of popping from nowhere in hopes sheeps get in then they trap the sheeps. I mean there is a coin that is called internet computer coin that costs 172 usd, what thehell ehhe, never heard of it, it was created on 11 may 2021, last week, then the thieves inflated it price to attract sheeps, I mean its market value is 21 billion hehe at moment, ranked 9th, what the hehell is that. 2018 all over again.

Too many red flags everywhere.

[mak013]

Mining ERG is more profitable than ETC and more than ETH also  
You can also mine ERG+ZIL for more profit.

There are so many alternatives out.

Yes, it is. But as i see, right now nethash or ERG is x2 from week ago and grows up. And summary trading volume is about $15kk. If you mined ERG before - this is good time to sell. But to mine it right now - you can get some profit probably for 1 day, maybe less.

Actually this is still time to sell everything, price is good, not sure what will happen yet, I will still follow my prediction that thieves will create a last bulltrap --> btc 79k then they will crash it to 10k. They will try to steal money from the sheeps one more time and in that move they will make sheeps to believe will go to 100k then crash from 79k to 30k in few minutes then a week later from 30k to 5k then rebound to 10 to 15k and stay there for the next 4 years or so. They need time to prepare for the next bullrun/thievesrun. BTC flash crash from 30k to all the way to 10k ~ 5k very possible, 90% to happen when this goes to hehell. The same thing will happen, I mean i never thought eth would get to almost 5k this bullrun, I thought maximum would be 2k and then look 4.3k, same thing happened in 2018, I thought eth would never crash below 300 usd and it crashed to 80 usd, I myself think eth will not crash lower than 300 usd ever again, maybe I will be wrong again.

Also you trolls need to be very careful with altcoins, hype is what dominates this market as 99.9% of coins is pure speculation, look at dogecoin, greatest example of hype/speculation peak, look at vtc in 2018, it hit 10 usd, now the maximum it hit was 2 usd, so it never got the to highest it got in 2018. So be very careful buying or mining altcoins right now because this value right now may never return once this bullrun ends. Most coins will be dead next bulrun, thieves will create other coins, they need to hype new coins in order to steal the meat of the sheeps.

So mine and sell, this is not the time to hold anything, this is the time to sell and forget unless of course you are willing to lose that money then hold and see where it goes ehhe

This is 2018 all over again, coins that I have never heard of popping from nowhere in hopes sheeps get in then they trap the sheeps. I mean there is a coin that is called internet computer coin that costs 172 usd, what thehell ehhe, never heard of it, it was created on 11 may 2021, last week, then the thieves inflated it price to attract sheeps, I mean its market value is 21 billion hehe at moment, ranked 9th, what the hehell is that. 2018 all over again.

Too many red flags everywhere.

I began to sell about 1.5 months ago. Not everyday, but everyweek. I lost some profit, but i`ve got enough. Too many people that dont know anything about mining or cryptocurrencies. Usually it means that dump soon.
And again you are right about cryptocurrencies that noone know.

[jseph1234]

Enough already metroid, all those weeks is already enough to make most of your money invested on GPUs back, I'm glad I don't follow your warnings because I bought my GPUs at Feb of this year and now Ive made them ROI back

hehe, well, I purchased my 2 3080 for 1k usd each in february too but i dont mine with them, I actually use for important stuff, 1, I use for gaming and the other one for deep learning. I'm not a miner, actually, I have never been one, even in bitcoin earlier era, I have always been an investor, buy and sell and vice versa, mining is for losers but hey, is one of my hobbies know about mining and its economics because to be a successful investor in crypto i had to learn about it.

BULLS*t Mining is for losers.... I've made well over 13K just from mining alone and with the coins was able purchase what I needed and still going strong.. Pfff, you don't knoow what the hell you're talking about.