Quote from: Metroid on Today at 05:11:20 AM

Quote from: Coinfarm ventures on Today at 02:20:53 AM

I think we will see a lot more capitulation than late 2018 if/when ETH goes to PoS. At least in 2018, it was a lot slower. But PoS will be like the revenue dropping by 95% overnight. It will be so bad that even miners with 3 cent power will be unprofitable. That's when the real selloff would start. I wouldn't be surprised if RTX 3090's will cost just $500!

No matter how much truth you tell them, they will never learn unless they go through the process, 3090's could go for even less than 500 usd, very few people mine at loss, most will sell and will not have demand to keep gpus at msrp, bear market is the opposite of bull market, in bull market, coin is king, in bear market, fiat is king and will take time for things get back to normal again, this is still pre bear market because manipulators want to trap more people yet close to top.

I have a realization, i just haven't talked about it much..if you really think about it..

construction, restaurant, baking other businesses equipment (some) are cheaper than GPUs something is really off..either the world is changing that POW is here to stay or are we going to correct to some real doom death and destruction in this "mining cryptos".

i also predicted in the past that GPU makers, nvidia, amd..and now intel will create their coin that can be tied/optimized or architecturally (hardware) to their specific algos (LHR is just a beta test of this scenario, the exact opposite of reducing hashrate is also reducing every other algo except their own, they can even create their proprietary miner(closed source, competing with our existing miner(software)makers here.)

this overpriced cards (hefty profits) is addicting to them, see that intel has joined the club. they will create/plan something to keep this "economy" alive.

-exchanges economy scam ...done
-POS economy scams ...done
-shitcoin economy scams ...done
-stable coin economy scams ...done
-mining economy scams ...coming soon to be perpetrated by big corp GPU makers.