Post
Topic
Board Mining (Altcoins)
Merits 1 from 1 user
Re: SIXTEEN AND A HALF DAYS for this last difficulty reset?!?!? Way late!!!
by
philipma1957
on 28/03/2020, 14:46:29 UTC
⭐ Merited by VasilyS (1)
Pretty sure that most of the miners out there, they just sold their GPUs and left crypto all together. The true and devoted ones are the ones which are either mining at a loss or sold their farms in exchange for some BTC or ETH.

Regarding a price crash? I am pretty sure we bottomed out on the 13th when we hit the low $3k's and ETH hit $80 yearly support. How low are you expecting BTC to go? You won't see $1K BTC anytime soon. Stock market can crash all it wants but most likely BTC will trade sideways.

It is just your guess that is not supported with any data or reasonable argument. The same way I can say that BTC will go to 0, try to prove me wrong.

He has zero need to prove you wrong.

But you can shout all you want about coins dropping to zero value.

I have dirt cheap power and I will simply earn more and more coins as the price of coins drop.


the problem with your concept of 0 value for coins is you negate the real true core values of mining.

1) sheds power load when a dam is in rainy season.
2) provides heat
3) a space heater gives you zero money back while it heats a space.
4) a miner gives you back $$ while you heat.

personally insisting coins are all or nothing is typical of humanity.

most people want :
on or off
black or white
good or evil
right or wrong

reality is gray is the color and last i heard there are fifty shades of it.

will i need to alter my mining ⛏ yes
will i stop mining ⛏ no

do i fear coins going to zero no.

do i believe they can go to zero. yes they can.  but corona-v would need to become corona-v10x

come in three waves over the next two years infect us all and kill off at least two billion people.

if that happens the world 🌎 will pretty much be a hellish terrible place,