Quote from: mak013 on May 22, 2019, 07:22:00 PM

Quote from: lunobird on May 21, 2019, 07:34:12 PM

One should still focus on reducing their operation cost, lowering their electric and making some changes, and spend more money on more efficient cards or specific asics. From a line of work & accounting perspective, The idea of just mine now to break near even with electric and hope prices go up higher is worst than just buying coins with cash.

The miners that are waiting on the sidelines will just get roasted by the pro miners that can keep cost down. It's a different ball game now. No more noobphoria making $5+ a day with a single gpu. People are wiser now and competition is a lot more fierce

Newbies are crying and selling rigs. They decided that they are top miners/traders when it was a problem to become a loser. Someone bought rigs and did nothing more, another - read more and more and more trying to increase profit and decrease expenses. Guess who of them are crying now?

Well, who? If one trader is lucky and imagines himself a trading genius, then it will end badly. The market is manipulated and no matter how much you read, if you do not have access to insider information you will eventually lose everything. As for the miners, everything is very simple. There are miners who have never bought equipment and never paid for electricity. For them, mining is always profitable. To do this, you just need to use the computing power and electricity where such a miner works. Although it is said that it is like theft.