Post
Topic
Board Mining (Altcoins)
Re: CCminer(SP-MOD) Modded NVIDIA Maxwell / Pascal kernels.
by
bensam1231
on 06/02/2018, 05:45:53 UTC
We might be going back to power break even. Video cards are still sold out everywhere. New miners have no idea what's coming.

Start saving up your wad of cash for the eBay bailouts.

The smart miners were still doing 8$ a 1080ti this week. Hardly panic mode.

hi
would u share the coin u mine to reach 8$ per 1080 ti a day.
im just around 5 or 6. can really need ur help
thx!


There isn't one, he's a dumbass and if there is it's going to be gone within a day. And yes, when all the mainstream coins are diving close to negative that is most definitely time to worry. In the rare case you have a niche coin that people haven't found, they will, and once they do it'll be gone instantly.

More then likely he's just a idiot and can't calculate his profit properly. There are plenty of those around.



This whole last month was really weird, cryptos were in decline, but there were tons of miners trying to get into mining. It's not like mining just magically popped out of thin air, it was one of the worst months to get into it, but demand on GPUs is super high and continues even till today, although it looks like the smart ones stopped buying as preorders and in stock models are popping up right now at inflated prices. We aren't going to see GPU prices go back to normal for another couple weeks.

I don't think newer miners understand that mining profit chases market prices. If coins are in decline ESPECIALLY BTC you WILL be making less money, not just that, but you will be making a lot less, it just takes time for profits and whole network hash distribution to equalize. There are plenty of GPUs that were bought for mining that are in shipping, haven't been setup, or still aren't mining the right currency, all the while BTC is still receding with no bottom in sight yet. If you have a chance to send your GPUS back I would HIGHLY ADVISE you send them back. Cancel your preorder if you have one. The entire last month and a half has been in decline across all crypto markets.

If we hit $5k I'm pretty sure we're screwed. If you buy electricity at $.1kwh, which most of the US does you're going to be going negative.