I'm still holding. Up, down, up, down...it's been fun. Win or lose it's been exciting to watch.
(Topic ID: 207699)
Toronto, ON
I have a bunch of low-CPU XMR miners running that grind out about 1 XMR a month, otherwise I've closed all my positions. I cashed out at 300% profit so no complaints from me.
is there still a rush on the graphics cards markets or have things settled down / balanced somewhat?
6 months later
Rockford, IL
I built my first rig with graphics cards and began mining ETH around Christmas 2017. Built and bought a lot of mining equipment in 2018. Added a few Antminers for BTC. Then bought a bunch of Antminers for Zcash (ZEC). Bought a couple more for Decred.
Graphics cards are now relatively cheap and plentiful so the gamers have stopped whining.
I'm still mining and hodling ETH and ZEC. I stopped mining BTC and Decred. It keeps my business building heated. Will probably stop mining in the Spring as the heat value goes away. In the current bear market, I am barely making more in crypto value than electricity costs. I did get a new electricity contract for the next 4 years which saves 2 cents per kwh. Have not recovered the cost of the mining gear.
1 week later
Quoted from roc-noc:Will probably stop mining in the Spring as the heat value goes away.
dang, hard to believe that's part of the equation but here we are
1 month later
Quoted from cait001:dang, hard to believe that's part of the equation but here we are
It's weird to me that people continue to do it even though they are barely breaking even. Where does your electricity come from? If it's clean, renewable energy fine, but if it isn't, WTF?
Because the hardware costs money. Having it sit idle doesn't make a lot of sense, so if you can break even and create crypto that may rise in value it makes sense to run the equipment you have. I have 7k watts of solar that helps offset the cost.
Quoted from Leeb18509:Because the hardware costs money. Having it sit idle doesn't make a lot of sense, so if you can break even and create crypto that may rise in value it makes sense to run the equipment you have. I have 7k watts of solar that helps offset the cost.
But it also may go down in value. Lots of respectable folks think it is ultimately worthless anyway. You are offsetting with some clean energy. A lot of folks aren't. If they give an F about the environment, it doesn't make sense.
Quoted from mcluvin:But it also may go down in value. Lots of respectable folks think it is ultimately worthless anyway. You are offsetting with some clean energy. A lot of folks aren't. If they give an F about the environment, it doesn't make sense.
I've worked with retirement age men that never wanted to invest in the stock market because it "may go down in value". They had 400k after 25 years, while they're co-workers had 4+ million.
The electric company doesn't really like my solar anyway, so now I'm giving a reason to like me again I guess. Plus I drive a Prius...
Quoted from Leeb18509:I've worked with retirement age men that never wanted to invest in the stock market because it "may go down in value". They had 400k after 25 years, while they're co-workers had 4+ million.
The electric company doesn't really like my solar anyway, so now I'm giving a reason to like me again I guess. Plus I drive a Prius...
So you equate stocks with Bitcoin? I don't....
Quoted from Leeb18509:Not at all, but I sure wish I had bought Apple stock the first time I heard about an Ipod...
Never too late. Buy now
Buy more when it goes on sale.
Like $145 and now $204
And when it dropped to $95 from $135 a few years ago
Get rich slowly
Some interesting reading. "The energy footprint of 1 Bitcoin transaction is equivalent to 1 US household for 14 days." That's crazy.
Fuck all these crypto currencies. I bought some last year and the value of it currently is in a negative state. Lesson learned, never again.
Quoted from mcluvin:Some interesting reading. "The energy footprint of 1 Bitcoin transaction is equivalent to 1 US household for 14 days." That's crazy.
I am unsure how this is sustainable as the currency of the future
1 month later
Now that the bull market is back, I decided to keep mining through the summer with outside air cooling. I signed a 4 year contract on power with a third party to get a reduced fixed rate. (They deal mostly in wind power.)
I installed a 3 hp 48 inch exhaust fan with vfd speed control in my server room. Have an equal sized intake rain hood. At full speed it changes the air every 4 seconds.
Should have all my miners moved into the server room by next week.
Have not paid back my investment and electricity, but making money and getting closer.
Quoted from cait001:I am unsure how this is sustainable as the currency of the future
I read up a bit on it. Some of the cryptos are moving to proof-of-stake (much more efficient) vs. proof-of-work, so they are trying to address it for this and other reasons. I am certainly no expert though. I still think it's crazy, but I also understand it doesn't have to make sense to make money. You probably don't want to be the last guy holding the bag though.
Quoted from mcluvin:I read up a bit on it. Some of the cryptos are moving to proof-of-stake (much more efficient) vs. proof-of-work, so they are trying to address it for this and other reasons. I am certainly no expert though. I still think it's crazy, but I also understand it doesn't have to make sense to make money. You probably don't want to be the last guy holding the bag though.
yeah like if we are forced via the sheer logistics of the math of it to move away from proof-of-work, it makes me wonder when the inevitable transition begins to occur and PoW currencies enter their final spirals.
A bull market will once again start revving up those conversations as more players enter the mining market at larger scales.
Did anyone see that EOS unstaked some tokens and picked up $25 million in RAM? The price of RAM went from $0.07 to $1.38 in 36 hours. There is supposed to be some huge announcement on June 1. Too bad I don't own any RAM. Why can't my alts spike like that!
On a side note, now that BTC is back up, I'm thinking of selling off enough to buy a BM66. I'm terrible at timing the market...
it's doubled in the past month, where did that come from. I left some in after the crash and forgot about it 
interesting to see how much higher it will go.....
8 months later
If anyone with a Coinbase account wants some free Orchid (OXT), Stellar Lumens (XLM) or EOS, let me know. I have Coinbase Earn referral links I can share. Hit me up via PM if you want a link and some free crypto.
You need a Coinbase account to redeem it though.
this popped up in my feed and I realize it's been MONTHS since I've seen any crypto stories trickle through the media. Is all well in cryptoland? No major site hacks, scams, huge swings in valuations? I assume "no news is good news".
Quoted from cait001:this popped up in my feed and I realize it's been MONTHS since I've seen any crypto stories trickle through the media. Is all well in cryptoland? No major site hacks, scams, huge swings in valuations? I assume "no news is good news".
Nothing of mine was lost, got hacked or otherwise disappeared. I purchased some more LINK on a dip awhile back, but that's my only recent trade. The last few days have been interesting though. I've been considering take a little profit, but haven't made a decision yet.
5 months later
5 months later
Quoted from Digduglus:Anyone wanna revive this thread?
Sure. There is another one that has been getting more action lately. I had started this one because the other one turned into a bunch of people saying it was a giant bubble and all that shit.
I guess they all have their foot in their mouth now.
Just for fun.
Posted 1/18/2018
Quoted from guyincognito:EDIT: Wrong thread. First rule of Scamcoin is you're not supposed to talk about Scamcoin.
Yada, yada, yada.
Quoted from Syco54645:Crypto is 100% in a bubble.
Quoted from o-din:I invest in vaporware whenever possible.
BTC closed 1/18/2018 at $11,474 with a Market Cap of $192 billion.
The scam bubble tulip coin is now at $34,428 with a Market Cap of $938 billion.
Yep, totally a bubble.
Quoted from cait001:who was heavy into dogecoin?
Not me. I thought about it on Thursday morning. 100,000 coins would have cost $700 and would have been worth just under $8,000 by the time I left leagues on Thursday night.
DOGE has an infinite number of coins and was actually created as a big joke.
Not my thing, but if you timed it right, the movement and the volume was there to hit a home run.
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