Quote from: miner29 on January 19, 2020, 01:37:52 AM

Quote from: vvnbt520 on January 18, 2020, 05:07:08 AM

ETH announced that it plans to switch from PoW to POS. Everyone wants to know whats next for GPU miners.
ETH mining revenue keeps falling, let alone there are electricity bills.
Currently, there are around 12,000 GPU machines mining BFC. As ETH plan to change from PoW to PoS, there will be around 3 million machines idle.
BFC full mortgaged revenue holds absolute leadership in the market. The mortgage mechanism scared away many traditional miners at first, but under high profit and growing confidence, more and more miners start to accept mortgage mode. F2pool shows that BFC daily produced ranking is set to surpass XMR and DASH.

1 exchange that is questionable at best....doesnt look real promising.

Lol, wait until your investment in the coin tanks and the mining revenue falls. It takes days to release your mortgaged coins so you can't sell quickly. If the coin tanks 10% it will take 30 days to make up the diffidence with mining revenue.

I looked at the coin around $10 and now its $8. With my machines i had to mortgage 2,250 coins to make $110 a day, that was $22,500 worth of coins. Now the coin is at $8 I would be down $4,500 and my mining revenue would be $99 a day. If the coin stayed at $8 I wold need 45 days to break even excluding electrical cost. I would be looking at least a $3,000 loss so far.