Quote from: Bulitt on August 20, 2018, 11:28:31 PM

Quote from: sockpuppet1911 on August 20, 2018, 03:26:20 PM

Quote from: Bulitt on August 20, 2018, 02:58:46 PM

My advice is dont bother. You will never achieve return on investment, even the electricity you will use. The markets are building up for a huge crash (sub $3000 bitcoin) its formed a right triangle, thats a very bad sign.

Ive been mining with my old gaming hardware since December 2017, and since the markets have crashed lately I now have spent more on electricity than I have in crypto. I have $160 CAD in crypto mining on 3 cards (HD 6950, R9 270X, and RX 580) 9 months mining and only $0.06/kWhr electricity and I still didnt manage to pay for it. The only way I can see making any kind of profit in this enviroment is with ASICS. GPU Mining is dead.

What's this right triangle you talk about? Can you elaborate a bit more? Sounds scary.

https://www.investopedia.com/terms/d/descendingtriangle.asp

We are in Crypto world Bud, a simple news would flip events, seen different TA's

A descending triangle might already at the Tip and will form an Ascending triangle

Seen also a Head and Shoulder on a 1d tf

A much concern on mining should be difficulty, prices will probably rise on due time

ASICS,FPGA and new hardware releases would make present GPU to be extinct