Post
Topic
Board Mining (Altcoins)
Re: GPU mining will die in 2018!
by
rothcom65
on 01/04/2018, 21:53:15 UTC


DO YOU ACTUALLY OWN A MINER OR JUST DO SOME RESEARCH AND SHED YOUR OWN KNOWLEDGE ( NOT EXPERIENCE) ?

YOU ARE MINING COIN ( it is up or down), ROI MUCH DEPENDS ON HOW YOU ARE GONNA DO WITH THOSE COINS ( DONT LOOK AT THE USD).

IF YOU DONT BELIEVE, DO NOT MINE.
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I don't believe ya. Course you could not say  even  where will be price of your coin tomorrow.
The only fair ROI estimate - is take current prices and imagine you sold all what mined today, decreased income by electricity costs and put remain in the box. From that box you will repay your capital investment. That's right. 60 MONTHES from now. It's a fair ROI NOW that helps you make the right  choice.
That's it dude. Other will lead you to the poverty Cheesy
[/quote]


I do have a day job that paid bills and mortgage. Some spare cash does nothing in my bank account so I put it in Robinhood to trade stocks.

Started investing in Crypto-mining Nov-2017 ( before GPUs crisis). I was able to grab 12 + 6 +5 +3 GTX 1060 6gb ( from Microcenter) at MSRP price + 3 GTX 1080  + 8 RX 580 8gb and 4gb... During Christmas, Nicehash miner showed an estimated income of $3000 and this estimation keeps dropping ever since. GPU price shy rocketing even when we mined fewer coins.


Should I sell it? NO. NOT YET.
Will BTC goes to zero? YES.

=> WORST SCENARIO: I SELL ALL MY GPUs 50% off on Ebay.
=> I DON'T CARE, I DON'T LOOK AT IT. LEARN HOW TO MAINTAIN THE RIGs, LINUX ( HIVEOS)... JUST KEEP ON MINING AND KEEP THE COINS SOON AS THE ELECTRIC BILLS PAID, MY HOUSE IS NOT BURNT DOWN.

Bottom line, controversial is good but shredding Negativity isn't cool.