Quote from: Piskeante on January 15, 2019, 10:43:35 PM

Quote from: MinedTangerine on January 15, 2019, 08:29:17 PM

Quote from: Piskeante on January 15, 2019, 08:23:00 PM

at current prices, YOU HAVE TO BE REALLY STUPID TO THINK OF BUYING CARDS FOR MINING. Really stupid.

Did you actually read what I wrote? But if there is going to be a market reversal then its important to enter at the smart point in time not again buy GPUs at all time high prices.

market reversal? who has told you that shitty lie?? ETH is going hard fork tomorrow or the day after tomorrow. Mining at current prices is a no go. With a reduction from 3 to 2 , it will be absolutely a disaster. And moreover the fork is not even attracting people to invest.

So please, base your statement on something else than lies.

BTW, DO NOT BUY GPUS FOR MINING. Mining is going to die this year and you´ll not even get money selling the mined coins for paying the electricity bill. it's nonsense.

You are the guy that only miner ETH all the time right? There are other algos. As I said ethash is dead for GPU mining sooner or later. Sooner probably. New PoW coins are still comming out and older are forking to new algos. Grin just launched yesterday.

Noone is arguin buying GPUs today is a very bad idea and again if you actually read what I wrote I said so. However saying there will be no market reversal is just plain speculation. I am sure there will be just not probably this year. I expect a new long bull run next year based on logarithmic charts. Again speculation sure. But if you don't risk it there is no gains. Mining is far far from dead. PoW showed many weaknesses but its not going nowhere because there is not real competitor here yet to be widely adopted. Also PoW actually makes cost to printing money opossed to some "lets just make 1 billion coins and put them in circulation" method. There is room for PoW to evolve.

I bet the same situation was already played out years back. Its the same repeating cycle. The only thing I really see is FPGA taking a big chunk of GPU market so on the next run GPUs will not have the same crazy profitability as in 2017. But they will be profitable again.

P.S.
The same mistake as the guy who mined like 10.000 ETH and sold them all to not even cover the price of equipment he bought. You should see his blog post after the 2017 run