Let’s talk about ASIC mining

What are the strategies when you are or know someone that is circling the drain from GPUs.

Early 2017 when returns were kinda similar it was different because we got a lot of coins for mining and the strategy was to just hodl. Now theres just so many GPU in circulation rewards arent as plentiful.

I myself will be selling my 40 1080tis. I was trading in Walton Chain which has been doing really well. At this point the electric staring at me every month is ridiculous. That plus 1180 next year. I feel I should get out while I can.

Looking at that bits be trippin video, kudos to them but i find it a little sad that an everyday person could never compete with that.

I have 40 1080 ti’s (was only using some of them to start but then decided to just use them all) i mine with daily but i also have 36 unused vega cards i will be trying to get rid of (once i saw how much was involved in getting vega to mine efficiently I have decided i want nothing to do with them) I rather sell them cut my losses and use the money to buy some more ASICs… But i did see the BBT trippin farm video that is one massive farm he has on his hands…

Many People think just like u. And now zec diff is 19… jump from 10 … in 3 days . Bitmain won… u lose the money, coin and zec independence…

1 Like

Found one of them. He sold everything and started living in a tent in December 2017 (oh man…bought at the top).

1 Like

If you like be homeless :joy:

if you read the article he bought @3000$, so not so homeless…

article is of december, he bought months before.

Uhmm, he bought at @3000 from what i read and in my opinion he made a fortune.
With a sold house and all money in i’am pretty sure his investment is above 300k USD. If he sold in December this makes a profit of 1.7M USD.

Actually that guy seems to be smarter than us. We bought hardware, lol, that guy directly invested and made a fortune …

True, I didn’t see the $3000, just saw December of 2017…but it doesn’t say he cashed in either. Which is why I wonder what became of him. Article said something about HODLing until 2020 though…which makes me wonder.

He is driving around Europe with campervan with family and going to bitcoin conferences.

4 Likes

Sounds good. Better than the alternative(s) I can imagine. People were really freaking out bad when the market initially started dropping hard.

1 Like

Does anyone have insight into HashFlare, profitability, etc? Thanks.

https://cryptosrsly.com/hashflare-disabling-sha/

Some commentary here.

https://coingeek.com/hashflare-quits-btc-mining-coingeek-mining-continues-to-grow/

Hashflare never had a good reputation and was always accused to scam and whatever not. Beginning from changing user contracts overnight to whatever not.

I personally never was into cloud mining but several considered it and did some research over different periods in the past. Always hashflare was worst

https://fundly.com/hashflare-class-action-lawsuit-2018

The girl in yellow looks really enthused!

this is the video I saw on german TV Channel(on german). the video contains also other guys which are doing some blockchain career company whatever… Anyway it doesn’t look like that Didi is living in a shabby tent, just not luxury. I don’t know where you guys live.

https://www.arte.tv/de/videos/079474-037-A/re-die-bitcoin-millionaere/

1 Like

你们说这么多有意义吗无非就是各有私欲而已时代不可能是止步不前的.要学会适应当下.好马不吃回头草.比起.以前的挖矿方法.现在的挖矿适应力更强.操作简单.这才是为每个人都能挖矿.每个人都有机会的事情.做到了一个极为重要的跨步.至于以后的发展.你们誰又能真正了解多少呢.不要在这里抱怨了.就静静的等待以后手机挖矿的进程吧

https://translate.google.com

You say so much meaning is nothing more than a private desire, but the era can’t be stopped. Learn to adapt to the moment. Good horses don’t eat the grass. Compared to the previous mining methods. Now the mining adaptability is more Strong. Simple operation. This is what everyone can mine. Everyone has the opportunity to do it. It has done a very important step. As for the future development, who can really understand how much? Don’t be here Complaining. Just wait for the process of mobile mining after quietly.

Zcash is becoming China coin with amazing speed
.

Also just amazing how whibbit went from 0 to 20% off network in few hours.

1 Like

Thanks @dzonikg, which web-site is that?

From a pure mining pool distribution view this doesn’t look too bad.

Just checked the Bitcoin Gold for comparison. 60% on miningpoolhub (wasn’t the guy korean?) and than nothing, next pool with 16%, lol. But i guess, 60% are not a problem, it’s only a problem if it’s a china pool, right?