Quote from: Globb0 on August 26, 2016, 09:14:45 AM

Quote from: Azael on August 26, 2016, 09:00:05 AM

Quote from: primer- on August 26, 2016, 07:47:15 AM

Quote from: Febo on August 26, 2016, 12:26:57 AM

He is ofcourse lying about his mining and of how profitable mining is. Mining was very profitable when price was halved. Now is super profitable. But for sure miners will join with time.

Do the math yourself idiot. A single GTX 800 hashes at 600H/s - that is .2 XMR per day

I have XMR loans out on Polo for 0.49% a day for 60 days. Should they be out for the full duration that'd be a 29.4% XMR return.

Doubt we'll see those rates soon again though. Got them in when the price were around 0.005 and the XMR loaning market were illiquid since people rather took margin with their XMR or wanted to be ready to sell their XMR when it was breaking out thinking it will be temporary. Whoever has my XMR now is trapped inside a horrific short position and seemingly unwilling to cut losses.

This is something for miners who do not care about trading to be aware of. Next time XMR breaks out be sure to check out the lending market instead of taking the 0.15%/day rates you have there now.

Interesting is this loan market worth it for someone with about 1k Mons?

The talk here was usually that loaners were hurting the price or something for very little gains, so I didn't look any further.

The rates are at 0.15% now should there be another breakout it could see 0.49% again which is more than 3 times the current.

Maybe maybe not. Depends on market conditions, high rates could bring actors into market for the sake of loaning it out same goes for miners who would otherwise dump the coins but they might do that later anyway who knows. What I do know is that if my loan is out for the full duration I'll have 29.4% more XMR coming from a short seller that I'll either reinvest into loans, keep or sell. XMR has no intrinsic problem so it should be able to deal with the free market like any other coin and all that comes with it I sure as hell won't let anybody else tell me what to do with my money.

The ones who told you that are probably the ones loaning themselves. By the time this runs out there are probably better opportunities for me as if you look through other lending markets people figure this stuff out pretty quickly. The only way to hike up the rates is if XMR continues it's bull run and it becomes an opportunity risk to lend like not being able to sell when you want to but if that's not what you're looking to do during the duration then why not.