Quote from: Nighthog on Today at 09:27:50 AM

Quote from: Boriss on July 12, 2022, 02:55:09 PM

After we enter recession in full, somewhere after this winter we are probably hitting 4-7K again.
Asic miners will be cheaper then ever and GPU mining long gone this time, if that will be a thing again remain to see, I do not expect to see so big price jump to use GPU on any coins currently on the market.

GPU mining will not go anywhere, there are always new coins to shift your hashrate into with the hardware but profitability will vary with time. Might now be as profitable as it was this cycle again ever again though.

New hardware is always be more efficient and markets get saturated with new entrants and it will squeeze out all those who can't afford it. Driving costs up & profitability down.
It will reach equilibrium with time but it wall also mean only hobbyists are into it or full scale industrialists.

There will not be room for small ventures much longer unless you have other incomes to subsidize your mining costs with electricity etc from elsewhere.

This is "wisdom" that can be heard from crypto youtubers that are basically living from equipment they got from companies and or a huge discounts for equipment they buy with their money.

This bear market will not be the same as previous cycles so don't look for any patterns regarding coins or equipment.
Positive wave will eventually come but will it be high enough to cover all off the burned land remains to see.

People who think to copy paste 2018-2020 period and use same GPU mining strategy for cycle 2022-2025 could be crushed heavily.
To run something as a business for few years month after month in red is not a business but gambling.
Every gamble can be Win or Lose, but if you gamble time after time eventually you go home empty pockets.

Safer bet would be to invest in BTC after next big dip sub $10K

Boriss

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