Quote from: antantti on March 30, 2018, 12:01:59 PM

Quote from: sp_ on March 30, 2018, 11:52:11 AM

Bitcoin will probobly go back up to $10 000 next month, and then the numbers change. Hopefully the monero change of pow will make it profitable to mine with the gpu again. (monero v7) The fork date is 8th of april.

Shouldn't you sell your mining gear then and buy BTC? Up 50% in one month only, really nice profit with zero power bill? Wink

I still think this only gets worse, CN POW changes will help max 1-2 weeks. Happy to be wrong though...

You can't liquidate assets without a penalty and vice versa. Which is why I talked about the easy money back in the Fall when BTC was climbing a lot. It only goes one direction. Money is very liquidable, GPUs are not.

I'm sure BTC will go back up, just a question of when and how. Mining profit is still decreasing regardless of BTC value, which is what I was outlining. Completely putting aside the negative trend of BTC recently, mining inflation is very much outstripping BTC growth.

As I mentioned new miners that were basically dry humping retailers for their GPUs this winter/spring are idiots. This is literally the worst time to enter into crypto mining. The negative trend of markets in addition to highly inflated prices and other factors which you guys will figure out make this a really horrid time to start.