Enough already metroid, all those weeks is already enough to make most of your money invested on GPUs back, I'm glad I don't follow your warnings because I bought my GPUs at Feb of this year and now Ive made them ROI back
hehe, well, I purchased my 2 3080 for 1k usd each in february too but i dont mine with them, I actually use for important stuff, 1, I use for gaming and the other one for deep learning. I'm not a miner, actually, I have never been one, even in bitcoin earlier era, I have always been an investor, buy and sell and vice versa, mining is for losers but hey, is one of my hobbies know about mining and its economics because to be a successful investor in crypto i had to learn about it.
the profit in ETH mining per 3080 now breached 20$ going to 30$..
at these mining profits of course he will get salty, he's human. with his know how he can build a huge farm given the right circumstances for him.
metroid is anti-miner here because in his circumstance mining is temporary due to electricity price and "the effort-time-money" equation for him. it is smart for him to do that, just like a shitcoin bag that is not profitable for anyone-they should dump them hence he dumped mining, i would recommend it to everyone who are in his position.
for people like philipma1957, who can blast off for a year or two at the start of the bear market. then you should put mining into your portfolio..just like a successful shitcoin turned major, you hold/trade it and profit from it.
and for people who get triggered by metroid just think about market cycles and trends..metroid was right, then metroid was wrong...hell even crypto low iq newbs was also right after investing in pump and dumps....in crypto everyone has a chance to be right, it is a matter of timing.
this is a good analysis. I met up with buysolar via bitcointalk. turned out he lives under 10 miles from me.
We knew we had the edge in cheap power. due to his solar business it has taken us close to 7 years to be in this position.
we would be stupid not to mine.
buysolar does trade a bit more than me and holds coins longer than me.
I do not need a 35 year income stream from btc as I will be 99 in 35 years.
So for me I tend to play it safer.