Quote from: Vann on July 10, 2017, 05:50:02 PM

Quote from: Props on July 10, 2017, 05:06:06 PM

Quote from: Vann on July 10, 2017, 05:03:39 PM

Quote from: Tmdz on July 10, 2017, 04:51:48 PM

Quote from: Props on July 10, 2017, 04:22:14 PM

Quote from: antantti on July 10, 2017, 04:19:17 PM

Quote from: Props on July 10, 2017, 04:14:53 PM

Best thing for these people to do is sell their cards before they hit rock bottom prices, then take that money and buy coins. At least they'll have a chance to make money then.

What if they maxed out their credit card?

Well, that was a mistake in the first place.

Sell the cards, pay most of it back and don't get in at the top of the market again.

They fucked up plain and simple.

Bought into the hype at the peak of the pump, did ZERO research then payed 50-100% above msrp for cards. Give it another month and profit will be some slim pickings at which cards will be cheap as hell this is the last stop to sell off excess hardware.

The rest of us straight chilling with well padded crypto accounts, and some of us will swoop in on cheap gpus.

And as history shows, those that keep mining will come out ahead. Even if you built rigs before the last crash in 2014, you came out way ahead if you kept mining while the market and profitability tanked AND you were able to sell the hardware for more than wait you paid for it after the market turned back up.

Only works for places with cheap electricity.

If you were mining ETH back in Nov of last year with a six card rig you already and at a loss once power was factored in, you were able to a accumulate several ETH a week, more than you could have by buying ETH at the $8 low directly, for little additional risk other than your power cost. You came out way ahead once the market turned AND still have the hardware. That's why it's important to focus on mining as a long term hedge and not a daily profit center.

Right.

DoCApocalypto

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