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CrossroadBTC
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January 13, 2022, 12:53:46 PM
 #1

Mining profit is way down today, it would be stupid to ask way  Grin but my main concern is when will GPUs flooded the market again?  Cheesy I want some cheap graphic cards for long term mining, just added 4000 watts solar panel days ago, I want ravencoin rig, ergo and conflux rig separately

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January 13, 2022, 02:40:44 PM
 #2

Mining profit is way down today, it would be stupid to ask way  Grin but my main concern is when will GPUs flooded the market again?  Cheesy I want some cheap graphic cards for long term mining, just added 4000 watts solar panel days ago, I want ravencoin rig, ergo and conflux rig separately

The moment you get those "cheap graphic cards" is the moment you will pay to mine and nobody will want them. There is no profit in the bear market, trust me, you pay to mine.

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January 13, 2022, 02:41:02 PM
 #3

Mining profit is way down today, it would be stupid to ask way  Grin but my main concern is when will GPUs flooded the market again?  Cheesy I want some cheap graphic cards for long term mining, just added 4000 watts solar panel days ago, I want ravencoin rig, ergo and conflux rig separately
As long as Ethereum mining works, you will not see good prices for video cards.
Buy either cheap old video cards or old ASICs to use your free electricity. I don’t know how much you pay for electricity at night, though.

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January 13, 2022, 08:25:42 PM
 #4

I don't pray for this but the moment GPU mining isn't profitable anymore many people wil start selling their GPUs this is the only reason why GPU may become cheaper but if ETH holds strong mining might continue for a long time
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January 14, 2022, 05:54:38 AM
 #5

I've been around since 2014 and also assumed that during 2015 and 2018, there would be massive supply of GPUs all over Craiglist and eBay. I assumed I would be able to score crazy deals buying $20 RX 480 8GB video card, and guesss what? None of that every happened.

GPUs during bear markets don't really get cheaper. The only deals that i've ever seen was GPUs sold AS-IS with dead fans. Many miners didn't want to RMA them or get the fans fixed so they sold them AS-IS and those were usually good deals. Most of the times you can just reoil the bearings and they would work again. But I don't see any high supply of GPUs hitting eBay anytime soon.

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January 14, 2022, 03:03:49 PM
 #6

Not going to happen, I believe that ETH Devs will postpone the pos algorithm again but mining will still be fairly profitable because crypto is now a better home of investment for many more investors, the demand is like no other so GPUs won't be cheap any time soon

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January 14, 2022, 05:28:38 PM
 #7

Not going to happen, I believe that ETH Devs will postpone the pos algorithm again but mining will still be fairly profitable because crypto is now a better home of investment for many more investors, the demand is like no other so GPUs won't be cheap any time soon
I would not hope for this if you want to invest in mining now.

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January 14, 2022, 07:36:19 PM
 #8

It all depends on Eth mining but not only that.Let's suppose for a moment that Eth got to PoS,there are still a lot of algorithms for both Nvidia and AMD cards to keep mining on.Profits will not be the same as Eth but they will not be at a loss either,right now the same rig does 300 USD in Ethereum Classic ETC and 520 USD in ETH mining in a month,probably still in profit if you pay cheap electricity or even better get the free solar panel.This concludes that GPU prices aren't go to get the levels we have seen before the prices rose a lot.

CEX.io had a story today on instagram that said on January 10 2021 the price of Ethereum was 1262 USD and at January 10 of 2022 the price of Ethereum was 3083 USD.This says a lot doesn't it?


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January 14, 2022, 07:42:34 PM
 #9

It feels good to see new altcoin bringing profits for miners almost as ETH for example TON but still I don't pray that ETH mining goes away anytime sooner I have been surviving for long through crypto mining and I need this to be intact this year cos I have a plan, if ETH goes below 2000$ then bear market is already crawling up
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January 14, 2022, 08:10:41 PM
 #10

It feels good to see new altcoin bringing profits for miners almost as ETH for example TON but still I don't pray that ETH mining goes away anytime sooner I have been surviving for long through crypto mining and I need this to be intact this year cos I have a plan, if ETH goes below 2000$ then bear market is already crawling up
Forget TON no other coin will be as profitable as ETH and if ETH goes down many miners will switch their rigs to available coins which will result in higher mining difficulty so it won't matter anymore
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January 15, 2022, 03:01:33 AM
 #11

Forget TON no other coin will be as profitable as ETH and if ETH goes down many miners will switch their rigs to available coins which will result in higher mining difficulty so it won't matter anymore

Trolls think will be another coin that will save them from bad choices they have made hehe, even with eth bear market was negative profit from october 2018 to july 2020, now imagine without eth ehhe. Let them keep doing stupid decisions and blame other factors, trolls will never learn. In 2013 ltc got as high as 50 usd and then crashed to less than a dollar ehhe, that was funny, in 2018 eth got as high as 1440 usd and then crashed to 80 usd.

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January 15, 2022, 06:03:32 AM
 #12

Forget TON no other coin will be as profitable as ETH and if ETH goes down many miners will switch their rigs to available coins which will result in higher mining difficulty so it won't matter anymore

Trolls think will be another coin that will save them from bad choices they have made hehe, even with eth bear market was negative profit from october 2018 to july 2020, now imagine without eth ehhe. Let them keep doing stupid decisions and blame other factors, trolls will never learn. In 2013 ltc got as high as 50 usd and then crashed to less than a dollar ehhe, that was funny, in 2018 eth got as high as 1440 usd and then crashed to 80 usd.

Because most miners who have been in this game for around 6 months or less have no idea how it works. Many just install Nicehash, it prints satoshis for them, which they later send to Coinbase and sell it for USD. As long as they are making some profit for doing nothing, they are happy and don't ask questions.

The questions come when the profits go down. They learn about "difficulty", then they try another coin and also learn that the profits are about the same. Then they hear the word "POS" and start to panic however they always think "Oh, I will mine ETC instead of ETH and everything will be, ok!"

 

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January 15, 2022, 06:05:14 AM
 #13

Forget TON no other coin will be as profitable as ETH and if ETH goes down many miners will switch their rigs to available coins which will result in higher mining difficulty so it won't matter anymore

Trolls think will be another coin that will save them from bad choices they have made hehe, even with eth bear market was negative profit from october 2018 to july 2020, now imagine without eth ehhe. Let them keep doing stupid decisions and blame other factors, trolls will never learn. In 2013 ltc got as high as 50 usd and then crashed to less than a dollar ehhe, that was funny, in 2018 eth got as high as 1440 usd and then crashed to 80 usd.

The real trolls are those that sold their rigs in 2018 because it's not profitable anymore, not blaming those that have high electricity bill but those who always look at coins in USD value, holders are real winners when bear market is alive, like I've said only those with high electricity bill have the right to get rid of their rigs

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January 15, 2022, 10:54:04 AM
 #14

Mining profit is way down today, it would be stupid to ask way  Grin but my main concern is when will GPUs flooded the market again?  Cheesy I want some cheap graphic cards for long term mining, just added 4000 watts solar panel days ago, I want ravencoin rig, ergo and conflux rig separately
Profits still ok not bad, the answer for your question will be if eth price goes below 1.5k then you will start massive gpus for sale.and i think this time there will be more gpus than 2018-2019 bear market, nivida oversold old gpus even old 1660 and 2060 sold like hamburgers and also add to them old polaris gpus Smiley, but do not think bad yet because BTC and ETH still holding its price.letsee what is coming this time.
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January 15, 2022, 12:47:04 PM
 #15

Forget TON no other coin will be as profitable as ETH and if ETH goes down many miners will switch their rigs to available coins which will result in higher mining difficulty so it won't matter anymore

Trolls think will be another coin that will save them from bad choices they have made hehe, even with eth bear market was negative profit from october 2018 to july 2020, now imagine without eth ehhe. Let them keep doing stupid decisions and blame other factors, trolls will never learn. In 2013 ltc got as high as 50 usd and then crashed to less than a dollar ehhe, that was funny, in 2018 eth got as high as 1440 usd and then crashed to 80 usd.

The real trolls are those that sold their rigs in 2018 because it's not profitable anymore, not blaming those that have high electricity bill but those who always look at coins in USD value, holders are real winners when bear market is alive, like I've said only those with high electricity bill have the right to get rid of their rigs
When the price dropped to $400, it was very unprofitable to mine Ethereum. If the miner bought video cards with borrowed money or had expensive electricity, then it was better to stop mining. Because all the profit was spent on expenses. In 2019, the price was approaching $100, then no one thought about mining at all.

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January 16, 2022, 03:13:57 PM
 #16

Forget TON no other coin will be as profitable as ETH and if ETH goes down many miners will switch their rigs to available coins which will result in higher mining difficulty so it won't matter anymore

Trolls think will be another coin that will save them from bad choices they have made hehe, even with eth bear market was negative profit from october 2018 to july 2020, now imagine without eth ehhe. Let them keep doing stupid decisions and blame other factors, trolls will never learn. In 2013 ltc got as high as 50 usd and then crashed to less than a dollar ehhe, that was funny, in 2018 eth got as high as 1440 usd and then crashed to 80 usd.

The real trolls are those that sold their rigs in 2018 because it's not profitable anymore, not blaming those that have high electricity bill but those who always look at coins in USD value, holders are real winners when bear market is alive, like I've said only those with high electricity bill have the right to get rid of their rigs
When the price dropped to $400, it was very unprofitable to mine Ethereum. If the miner bought video cards with borrowed money or had expensive electricity, then it was better to stop mining. Because all the profit was spent on expenses. In 2019, the price was approaching $100, then no one thought about mining at all.
Are you saying it's possible to see ETH at 400$? This is so laughable anyways I have no problem since I've not even build any new mining rigs as of now, If 400$ per ETH happens then GPU will be so affordable, maybe rx580 will once again be sold for 80-100$ each

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January 16, 2022, 03:36:16 PM
 #17

Are you saying it's possible to see ETH at 400$? This is so laughable anyways I have no problem since I've not even build any new mining rigs as of now, If 400$ per ETH happens then GPU will be so affordable, maybe rx580 will once again be sold for 80-100$ each

Bear market is 85 to 95% crash from top. So right now eth would have to crash to 300 - 500 usd for it to be a bear market, we are still in a bull market, top was 4800 usd.

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January 17, 2022, 07:05:39 AM
 #18

If ETH goes to $400 and you can find $100 Rx 480 8GB would you actually buy them? Your profits would be probably $0.20-$0.25 a day before electrical. Would it be worth it even back then. Taking into account electrical at $0.10 kwh you would be mining at a loss.

You say that difficulty will come down? Sure it might come down a little however as history has shown the difficulty barely goes down dramatically. People still mine in countries with free or cheap electricity.

It will be the best time to mine but nobody will want to mine. Similar to how nobody was mining when it was $80.

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January 17, 2022, 11:01:26 AM
 #19

Are you saying it's possible to see ETH at 400$? This is so laughable anyways I have no problem since I've not even build any new mining rigs as of now, If 400$ per ETH happens then GPU will be so affordable, maybe rx580 will once again be sold for 80-100$ each

Bear market is 85 to 95% crash from top. So right now eth would have to crash to 300 - 500 usd for it to be a bear market, we are still in a bull market, top was 4800 usd.
Market structure has been change since corona dump. If you look before BTC was different now it is different.I was waiting crash after 42k but it did all time high something new in BTC history and now again 40k it is really doing crazy things.
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January 20, 2022, 10:03:28 AM
 #20

Are you saying it's possible to see ETH at 400$? This is so laughable anyways I have no problem since I've not even build any new mining rigs as of now, If 400$ per ETH happens then GPU will be so affordable, maybe rx580 will once again be sold for 80-100$ each

Bear market is 85 to 95% crash from top. So right now eth would have to crash to 300 - 500 usd for it to be a bear market, we are still in a bull market, top was 4800 usd.
Its stupid to expect 95% crash now just because same thing happened in the past, for a technology that's quickly evolving I doubt that's ever ever going to happen again, as for those waiting for such crash to occur again you won't get such buying opportunity again trust me

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