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Author Topic: Offical end of ETH mining forever thread...  (Read 636 times)
adaseb (OP)
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September 16, 2022, 03:59:11 PM
 #41

Why argue about profits now when the coin hashrate is growing so much? 10 or 15 cents profit doesn't matter much if the video card costs 400-500 dollars. Even if the profit is 30 cents, then 400 / 0.3 gives us more than 3 and a half years of payback. You need to wait a month or two when miners with expensive electricity stop mining coins.

This is similar to late 2018/early 2019. I remember RX 470 had similar profits. I mined with ~0.10 power out of boredom and I think I broke even. The difference is that back then an RX 470 4GB was worth maybe $75.

Now you got $500-$1000 GPUs making $0.10-$0.20 a day. Everyday you run the GPU you risk of blowing a fan bearing or blowing some capacitor/VRM and killing the GPU. There is a risk/reward issue here.

You can sell today for $500, or mine for the next 6 months, make $20 profit but risk killing a fan or entire GPU and losing more money.
Metroid
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September 16, 2022, 07:46:00 PM
Last edit: September 16, 2022, 09:05:28 PM by Metroid
 #42

This is similar to late 2018/early 2019. I remember RX 470 had similar profits. I mined with ~0.10 power out of boredom and I think I broke even. The difference is that back then an RX 470 4GB was worth maybe $75.

Now you got $500-$1000 GPUs making $0.10-$0.20 a day. Everyday you run the GPU you risk of blowing a fan bearing or blowing some capacitor/VRM and killing the GPU. There is a risk/reward issue here.

You can sell today for $500, or mine for the next 6 months, make $20 profit but risk killing a fan or entire GPU and losing more money.

I want to see where are the trolls who said that mining in a bear market is good, price wise this is not a bear market yet but for mining coins, negative profit in mining means is already bear market for miners. Next few months we are going to know btc real bottom then is going to be bear market.

Video below talks about now is time to shutdown

https://www.youtube.com/watch?v=HBacdw6gf14

video below is saying that evga has stopped making nvidia gpus by gamers nexus, sad day, evga is the best of them all.

https://www.youtube.com/watch?v=cV9QES-FUAM


BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
JayDDee
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September 16, 2022, 09:05:43 PM
 #43

EVGA has announced it will stop making GPUs and won't carry the upcoming RTX-4000.
The timing of the announcement is interesting.

Metroid
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September 16, 2022, 09:10:07 PM
 #44

EVGA has announced it will stop making GPUs and won't carry the upcoming RTX-4000.
The timing of the announcement is interesting.

I guess they know gpu's huge demand is done for the time being and my analysis tell that only in 2025 things will improve a little. There was a case where a truck full of evga gpus was robbed, maybe that has something to do with evga ceasing selling nvidia gpus.

The case in linked here https://www.notebookcheck.net/A-stolen-truckload-of-EVGA-GeForce-RTX-30-GPUs-turns-up-at-an-NVIDIA-retailer.591622.0.html

I always said that companies would never compete x second hand market when the time comes and here we are. GPU's will become so cheap that gpus manufactures will not sell a single gpu for weeks if they still want to sell at msrp. Look at gpu prices, 3080 and down all still higher than msrp, people are not idiots.

BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
sp_
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September 16, 2022, 09:17:24 PM
 #45

The thread should be renamed to the official end of ethereum..

Nice try bitches...

Team Black Miner (ETHB3 ETH ETC VTC KAWPOW FIROPOW MEOWPOW + dual mining + tripple mining.. https://github.com/sp-hash/TeamBlackMiner
Metroid
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September 16, 2022, 11:36:28 PM
 #46

URGENT! NO Staked ETH Withdraws For Shanghai Fork?!

https://www.youtube.com/watch?v=AKFby05m9zY

ETH dev team are manipulating the price, look how much centralized eth has become, it's scary. I mean, a key dev said that withdraws will be possible only in 2024, imagine the people who staked their eth in 2020 and will only be able to get them back in 2024, that is insane.

BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
Pendrak
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September 16, 2022, 11:46:29 PM
 #47

URGENT! NO Staked ETH Withdraws For Shanghai Fork?!

https://www.youtube.com/watch?v=AKFby05m9zY

ETH dev team are manipulating the price, look how much centralized eth has become, it's scary. I mean, a key dev said that withdraws will be possible only in 2024, imagine the people who staked their eth in 2020 and will only be able to get them back in 2024, that is insane.

Lol thanks i never stake any ETH Cheesy
arielbit
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September 17, 2022, 05:48:09 AM
 #48

shitshow hahaha  Grin
grendel25
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September 17, 2022, 06:02:31 AM
 #49

Epic Cash is now the most profitable to mine and sell on the Vite app

..EPICENTRAL .....
..EPIC: Epic Private Internet Cash..
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