Quote from: Metroid on February 03, 2022, 10:36:06 AM

Quote from: Zotak337 on February 03, 2022, 07:40:04 AM

Do you have any proof that shows why shiba inu is a scam project? This whole thing is making me look the project like another bitconnect all over again, the insane volume and liquidity also other use cases like shibaverse and shiba swap I don't see any reason to kill this project for anything, the community support is just too strong.

The only proof I have is "I see as I see", yeah bit-connect I said the same thing. What makes me very skeptical about it, is everyday you see scammers marketing it and writing articles and implying "whales bought billions of it" at social media hehe and price so far still going down, that is a red flag no matter how you see it, I know when something is a scam by how is being marketed, call a 6th sense hunch.

Quote from: impynick on February 03, 2022, 08:51:21 AM

Estimated rewards in 2019 based on 2mil diff was anywhere from .15-.30 with a small farm of 250mh/s. Purchasing 8x 580/480 at $60-$120 a card. You would have an investment cost of 1K maybe for everything. You would earn 1 eth in about 4-6 days. by years end you would have ended roughly at 50 eth. This is all rough math. Buying about 1k of eth @ 100$ per would fetch you 10 eth.

So what is better? Buying 1k of eth at $100 a coin? Or making roughly .10-.30 eth a day with a small farm?

OP is correct. Mining when diff is down and equipment, difficulty, and interest is low is the best time for miners. This allows for coin accumulation at faster rates. Mining all of 2019 vs buying once, if considering equal capital is applied on both sides, would have been the better choice.

I mined all of 2018, 2019, and 2020. Picked up cards at heavily discounted rates, mined on em for 2-3 years, and sold them for 7-10x of what I purchased them for. Plus, this avoids "on ramps" and "kyc" if you had to use Fiat to purchase the coin.

As far as I remember, for every eth you mined you spent 65% more than if you decided to have bought directly, it was like this, buy 1 eth for 100 usd or mine 1 eth and pay 165 usd. You can check profitability here https://www.statista.com/statistics/1201657/ethereum-mining-profitability/ and that data is the real deal, you can argue all you want but fact is fact and that data shows the best case scenario and the best case scenario was 5 to 10 cents per 30mhs per day, the worse case scenario was negative at around 1 usd per 30mhs.

This is false. Especially false if you didn't have electricity costs like I did. That link you provided requires a paid subscription. I was able to spend money on hardware once, and mine eth all year long.

impynick

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