I’ve figured this guy out now. He’s blatantly well invested into ZEC and wants to scare people off. Not gonna happen!
@ AL888 you read my link further up?
You sure you not part of the operator/accumulation team?, it is starting to show with your FUD to scare people out of their positions into the operator/composite man’s hands…
Thanks Wyckoff!
I just scroll past his posts now.
This down is minor setback. I took the money I had in Kraken account and bought more ZEC today. I’m also a miner and am expanding due to this downturn. I’m in it for the long haul and know it will come back up in price. In the last month I’ve seen it drop below $200 on to be at over $300 this past Friday. Besides I can always sell my GPUs off and get some of my investment back.
“Sell your gpus off” that’s a big income man…, sure it will pay your rent for half month or something. TBH one has to be dumb today to buy second hand gpus especially if they are used for mining. It chops off it’s life span like running a hdd for 10 years. Would you buy a 10yo hdd with thousands of days running without warranty?
So the people you still have a chance to sell those VGAs to are the poories and cheapskates who try to save a 100 bucks on getting them from a vendor with warranty.
I hate to sell on ebay more and more it’s just so painfully slow and under a certain money it does not even worth my fucking time to bring my ass down to the postoffice I rather just give away or throw away stuff.
I think it was meant a little bit more light hearted than him actually planning to do it lol
may be i will see zec net difficulty under 3M again - due this all pesimistics posts
as a miner i’m ok with the price going down , i need some months to collect coins before difficulty goes to sky
imo, PBOC hostility is a good thing! can make an argument this is good news for zcash.
well it is still bether to purchase a GPU used for mining from a person who didnt run tem over 70 deg, cleaned them on frequent basis, lubricating the fans, atc that to purchase the same from a “gamer” who cleans his PC once a year and run the gpu around 90 deg and haveing a stockpile of dust in the heatsings, never lubricated the fans so after 2 years they are done for and need a replacement …comparing to HDDs is totally off from a IT view. the HDD will get killed more easly than a GPU as for me iam currently running an old 2x R9 280x in crossfire in my budged gaming rig for almoust 2 years i purchased them from a friend who mined on them for about 1,5 year and the cards stil looks and runs like new … the cards aftermarked price is now around 120 eur due to crypto hype in my country i have purchase them for 100 eur from him so i can still resell them without money lost thanks to crypto hype and greedy people
But yes if you encaunter a mining “pig” who dont care about the cards they will be in worst condition than from a gaming “pig” but you can see this on the cards during the purchase especialy on the back side of PCB the residual resine from soldering will start to show up on it due to long run on high temps especialy it is vissible around the VRM mossfets
Say it again. It look’s like that too many “miners” are not listening.
a lot of money sitting in USD, CNY, USDT, etc …just looking for a new home… announcements will be a great deciding factor on winners, and losers. need something to attract that sidelined money!
never forget - wealth only transfers ; never destroyed
Right now the cards I’m using aren’t even making it a month before I replace them. That’s not due to wear and tear. It’s due to upgrading to a faster model. I’m trying to up my hash rate as much as possible. I started with a couple of 1050 ti cards and am now moving into the 1080s. I have one 1080 ti, but the power requirements and cash flow limit me from buying more. I’m adding another 1080 to one of my rigs today to continue to increase my hash rate. I want to be able to make 1 zec every few days to at least a week. I will take my rig that is all 1070s and slowly replace them with 1080s as I go. The goal is to have 3 rigs with 20 1080s running at one time. I’ve sold a 1060 in the past an got half of what I paid for it. I also always disclose that it was from a mining rig. It’s always up to the buyer to make the determination if they want to buy a used card from a mining rig. Besides I always offer a 14 day return policy on my ebay auctions.
good for you iam running 1060s love the aprox 80-90W per card power consuption btw do the 1080ti have better power to hasrate ratio ? or you just aiming for the higest hashrate possible to reach the desired 1zec per couple of days target ?
I am mostly looking for the higher hash rate. Besides I’ve noticed that the 1080s running out of the box are much coolers than the 1060s and 1070s. That’s according to the stats that EWBF is giving me. The 1060s and 1070s are running about 70C. The 1080s are running about 65C.
BTW I’ve been watching the market. With the US being on holiday today I’m predicting the market should be back in the $250 to $260 range by end of week.
I say, “good riddance” to the ones with weak stomachs for blood…kick rocks. Low prices means miners will switch to other currencies or exit entirely. That creates opportunities for those who stay by way of bigger pieces of pie. There was another big drop in value not more than 6 or so weeks ago. Then it swung back up.
I personally don’t think these are “corrections”, but, rather, just the wild nature of crypto markets. I think these wild swings are attributed to the reality that many invested in crypto are inexperienced; c.f. that with traditional investment markets where you find mostly knowledgeable participants, where wild swings are not mostly the case.
If it goes to 100…keep mining…if it goes to the moon…keep mining. It’s my position that accumulation for the long, long play is the best one. Let’s revisit this in ten years…
As far as equipment goes, there are good opportunities for used GPU’s provided one takes the consideration that there’s risk of failure. I have over 10 AMD HD7970’s, for example, all of which I bought used, and two have gone tits up. I got all of them for good prices and perform really well. My yield per dollar is 2.5H/s or so. Even distributing the lost money for the dead ones, my cost is still good - or acceptable to me. And yes, I run the dog crap out of them
As it stands, I have 10 7970s, 3 7950s, 2 980tis, 6 r7-370’s, 4 1050tis and 7 1060s. All this combined gives me about 7.1kh/s. I like the new Nvidias since they sip power compared to the old ones…anyhow…back on track…
Mine and hold…who cares about the daily, hourly, minutely price swings. If you’re in this investment space, you gotta roll with it - AND ONLY invest money you can lose!
may be reversal time i hope
hopefully not i would like if it more down so i can rebuy more tokens
i understand you, but be quick … i am not market specialist, but i feel, that price direction is changing