Quote from: abudfv2008 on December 01, 2017, 06:01:46 AM

Quote from: bensam1231 on December 01, 2017, 03:59:28 AM

Quote from: grendel25 on December 01, 2017, 03:21:14 AM

Quote from: bensam1231 on December 01, 2017, 12:09:59 AM

PSA: It's still much more profitable to buy BTC and hold it then mine cryptos.

If you bought a 1070 a month ago for $400 it would have made you roughly $75 ($2.5 x 30). BTC increased by 56% over the last month (you could've made more if you bought and sold at big peaks), that same investment of $400 would have earned you $224 or $7.5 per day. More then three times what you could earn mining. That $400 is also very fluid, meaning you can buy/sell/reinvest/buy equipment with it. That 1070 is now a asset and can't be easily sold or repurposed.

Have fun.

Here's a PSA:

If you bought a 1070 a month ago it would still be worth $400 today and you'd have that $75. In fact, repeat that over the course of a year and we can buy several more GPUs and several more $75 earnings. I bet in 5 years from now you can still sell a 1070 for at least $200. Who knows what the price of bitcoin will be.

Either way, invest in bitcoin or invest in GPUs... it doesn't matter and is totally up to the individual. If I'm boring then I'll just buy bitcion and vegetate while watching TWD. If I'm super cool crypto guy I'll mine

That doesn't even make sense? That's $224 in addition to $400. Your money doesn't disappear and you sell if BTC starts pooping. It's a percent dude. You invest in a couple GPUs, you'd invest in more BTC and that BTC would make you even more money. That GPU returned 19%, the same investment in BTC returned 54%.

No, no one is buying a 1070 for $200 in five years. Based on a quick ebay of a 670 (which came out 5 years ago), you're looking at $70 and that's if you can find someone willing to buy them. In addition to that I don't think you understand the logistics of selling lots of GPUs. eBay and Paypal will take about 12% of that as well, you'll have to spend time and labor on doing so, and of course shipping costs.

I don't think you understand investment. A GPU, a BTC, they're both investments only BTC is super fluid as I already mentioned. GPUs are not fluid. You can't just sell your GPUs on a whim and shift to an entirely different market. Mining isn't about buying one GPU and mining with it, it's about diversifying your assets and maximizing profits.

Yup, mining is about 'being cool'. I'm sure you'll keep that mindset if earnings ever go negative.

People like to compare where their comparison looks good.
I have another example. Btc was 2500 when I invested in New rigs. In 5months I got 3xROI. So it is x4 of value. Btc the same time made x4 and is 10k now. So I've managed only to catch up with btc. But what if btc stayed on 2500? Of cause I wouldn't make 3xRoi but 1xRoi anyway.

We aren't talking about prices five years ago, we're talking about right now and the last couple months. You've been able to make more by holding BTC then buying mining equipment for the last five or so months.

Yeah, seems you're a victim of your own logic. As I've already mentioned BTC, currency is fluid. Meaning instead of holding it you can sell and buy mining equipment. You CAN'T do that with mining equipment, mentioning this for the third time because you keep seemingly overlook it.

No, you didn't manage to catch up with BTC, your math is seriously flawed. It's all percent based dude. This last month BTC increased in value 54%, the amount you earned back on that GPU is 19%, that compounds, which you're attempting to do, but also forget that applies to BTC as well. Meaning if you earn more, that will in return also earn you more. I'm not sure why you're stuck on GPUs being some weird sort of magic money creator that doesn't apply to other parts of investing.

And also, no you didn't make 3x ROI in five months. That's fucking retarded. That means on that $2500 you were earning $1500 a month. Based on $2500 I'm going to assume it's a 6x1070 rig. At $2.5 a day (completely disregarding power costs), you earned $450 a month. Meaning you still haven't quite ROI'd in five months. Otherwise you were earning $7.5 a day per card, what coins have you been mining these last couple months? Profits haven't been that good since the beginning of summer and it only lasted for about a month. And no your cards aren't worth 4x their value. They're worth less now then when you bought them as they've been depreciating. The closer we get to new release of GPUs the more they'll depreciate. $400 in BTC is still worth $400 (actually it'd be worth a lot more now as BTC has been appreciating). GPUs don't appreciate

'But what if' is not what we're talking about. I wasn't talking about fantasy. BTC increased by 54% over the last month as of making that post. I'm not even sure why you're doing 'what if's', this isn't make believe.