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Fauxtool posted:what exactly has caused the steep drop in profits over the last week. I was doing over $6 a day on a 1070 and now its barely $3. Still way in the black but troubling. Im not seeing a major drop in value so is it just all the added miners fighting for new blocks and only that? If nicehash wasnt so easy to get started they wouldnt never be mining, but neither would I Crypto currency is basically worthless so all the value is in speculation. Not to mention its like social networks when myspace was around and just cause you were hot poo poo one day didn't mean anything.
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Jun 26, 2017 22:10
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All that matters is can you buy drugs from the darknet with them? That is the only reason people care about cryptocurrencies and really its only bitcoin because that is what the dark net sellers want. The rest are like 'how many btc is this shitcoin worth?' because the only use for 99% of them is trading them for BTC.
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Jun 26, 2017 22:18
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All that matters is that even after taking electricity in to account i've made 250aud over the last few weeks for having my gpus do something while i leave my pc on because my net is loving garbage and takes for ever to dl stuff so gently caress it i'll keep taking fools money (Lol if you buy gpus for acutal mining tho)
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Jun 26, 2017 22:40
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That guy who overbought gpus is only using 300sq feet of the 1500sq ft warehouse he signed a lease on lol https://www.reddit.com/r/HVAC/comments/6h96yc/can_i_run_an_ac_indoor/
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Jun 26, 2017 22:59
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Don Lapre posted:That guy who overbought gpus is only using 300sq feet of the 1500sq ft warehouse he signed a lease on lol "I was planning to build a frame out of wood and wrap the whole thing in plastic wrap. I know it sounds stupid, but I think it would work with enough layers." I dont forsee any moisture issues here, Nope seems safe
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Jun 26, 2017 23:12
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his post history is incredibly painful to read. lots of posts about a lovely F2P mobile game, then 1 month ago he was talking about being a "new miner" who didnt know much about computer parts, and now hes talking about trying to get rid of 100s of videocards he bought and trying to build an AC'ed room inside of a warehouse he leased... bitcoin really is a disease
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Jun 26, 2017 23:16
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https://twitter.com/chroman/status/879468600691707905
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Jun 26, 2017 23:39
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He's one of those guys who believes those Instagram accounts about success with photos of lions wearing crowns and poo poo
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Jun 26, 2017 23:41
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He spent 4,100 dollars a couple days ago on another mining purchase. In only 2 years he'll break even! Then he'll show everyone.
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Jun 27, 2017 00:01
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its good that he spent extra on the OC versions because then the ROI takes longer and he fails faster
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Jun 27, 2017 00:18
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1gnoirents posted:these dudes are mining theyre just annoyed we're f'ing up their hashes or however this dumb crap works Shrimp or Shrimps posted:Maybe he's the guy who bought the 44 1060s at 1.5x MSRP and is now pissed because he thinks all you fairweather miners are ruining the payouts.
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Jun 27, 2017 00:55
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Don Lapre fucked around with this message at 01:08 on Jun 27, 2017 |
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Jun 27, 2017 00:58
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Fauxtool posted:what exactly has caused the steep drop in profits over the last week. I was doing over $6 a day on a 1070 and now its barely $3. Still way in the black but troubling. Im not seeing a major drop in value so is it just all the added miners fighting for new blocks and only that? If nicehash wasnt so easy to get started they wouldnt never be mining, but neither would I A combination of dropping value of both BTC and ETH, and difficulty spiking through the roof as miners struggle to absorb every last midrange graphics-card on the planet.
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Jun 27, 2017 01:04
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Don Lapre posted:That guy who overbought gpus is only using 300sq feet of the 1500sq ft warehouse he signed a lease on lol Why would you rack them up close to each other when you've got all that space? Does he think he's going to expand his operation into filling an entire 1500sqf warehouse with loving server racks? Why did he even rent such a big place? Just... I can't even.
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Jun 27, 2017 01:06
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Shrimp or Shrimps posted:Why would you rack them up close to each other when you've got all that space? Does he think he's going to expand his operation into filling an entire 1500sqf warehouse with loving server racks? He bought more cards than he has motherboards and io cables to run. Literally buying everything he could.
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Jun 27, 2017 01:08
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Don Lapre posted:He bought more cards than he has motherboards and io cables to run. Literally buying everything he could. BUY! BUY! BUY! The price can only go up!
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Jun 27, 2017 01:12
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Shrimp or Shrimps posted:Does he think he's going to expand his operation into filling an entire 1500sqf warehouse with loving server racks? i imagine this is more of an ikea furniture and motherboards sitting on the box they came in situation
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Jun 27, 2017 01:18
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how many $110 1060 6GBs are we looking at in a few months
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Jun 27, 2017 01:23
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Anime Schoolgirl posted:how many $110 1060 6GBs are we looking at in a few months Weeks
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Jun 27, 2017 01:26
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Anime Schoolgirl posted:how many $110 1060 6GBs are we looking at in a few months All of them. Also thanks miners for turning a Fury into a 980Ti and a case of beer.
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Jun 27, 2017 01:28
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Cygni posted:i imagine this is more of an ikea furniture and motherboards sitting on the box they came in situation ikea furniture is a very generous assumption
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Jun 27, 2017 01:33
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I dont even know what to do with cheap 1060s. I already have this gaming computer. I dont need as much as a 1060 to stream steam stuff if i was going to make a pc to connect to a tv
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Jun 27, 2017 01:36
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Fauxtool posted:I dont even know what to do with cheap 1060s. I already have this gaming computer. I dont need as much as a 1060 to stream steam stuff if i was going to make a pc to connect to a tv Have you considered mining alt coins?
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Jun 27, 2017 01:38
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I think 1070s might flash crash to 200 for a month as everyone panic sells like they did with 290s. That seems like a really good budget upgrade option for a lot of people.
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Jun 27, 2017 01:48
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My only disappointment is that the insanity did not cross over to 1080 and ti cards simply because they were 25% less efficient per watt for mining butts
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Jun 27, 2017 02:52
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That was pretty awesome for everyone who sold their 470/480/570/580/1060/1070 and got a 1080/ti though.
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Jun 27, 2017 02:53
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Stealthgerbil posted:All that matters is can you buy drugs from the darknet with them? That is the only reason people care about cryptocurrencies and really its only bitcoin because that is what the dark net sellers want. Bitcoin has become too difficult to mine with unless you have serious power. Etherium is designed to always be mine-able with consumer equipment and prevent a horsepower arms race to solve increasingly complex math problems faster and faster. The problem is, they're basically at peak efficiency as every available mid-range card comes into the pool and appeared to be destined to for the forseeable future over the past few weeks. The flaw comes in who is buying this stuff, and it's not Darknet people necessarily. I almost guarantee it's popular for Chinese tycoons who want to export more money than Beijing allows. I can tell you that Vegas casinos already had a big business slowdown last year when "junket operators" that used to handle this for the Chinese players who pack the Strip's high roller salons were cracked down upon. Cryptocurrency is almost certainly seen as another answer due to it's poor regulation. But as tons and tons of hardware comes online making the coin at a rapid rate, the people handling these purchases can ask less and less for each coin, and the amount of processing going into mining is probably accelerating faster than the flow of money.
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Jun 27, 2017 03:02
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I'm dropping a solid 50c a day at the moment, but I don't particularly care as the $400 I've already put in my bank account took my partner out for some nice dinners and got me a new hard drive. She hates when I spend money I actually earned on her but if I dismiss it as "stupid buttmoney from my gaming computer" I get away with it  Also I'm enjoying the fact that I dropped a short nicehash guide in the GPU thread and it's spawned this monster. A true buttlord keeps how easy it is close to their chest to avoid losing muhhashes so it's hard to find an actual guide for this poo poo.
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Jun 27, 2017 03:50
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Yes but what if you are a butt lord who sees filthy casuals getting into it and comes into the thread to poo poo it up with inaccurate assumptions because you are panicking at your payout after buying 44 graphics carda st inflated prices? Did you think about those people when you made your little how to?
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Jun 27, 2017 04:11
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Shrimp or Shrimps posted:Yes but what if you are a butt lord who sees filthy casuals getting into it and comes into the thread to poo poo it up with inaccurate assumptions because you are panicking at your payout after buying 44 graphics carda st inflated prices? The thought of them makes me happy.
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Jun 27, 2017 04:14
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Shrimp or Shrimps posted:Yes but what if you are a butt lord who sees filthy casuals getting into it and comes into the thread to poo poo it up with inaccurate assumptions because you are panicking at your payout after buying 44 graphics carda st inflated prices? We are all that buttlord on this day
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Jun 27, 2017 04:58
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Nice hash is giving me $3.60/day on my 1080. Did something terrible happen to buttcoins? I was like $7.50/day last week.
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Jun 27, 2017 05:44
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NewFatMike posted:Nice hash is giving me $3.60/day on my 1080. Yeah everyone started mining so the price has gone down (among other things)
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Jun 27, 2017 05:45
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Cool. I got 2 burritos out of it, so not a failed proposition. I guess I'll get it cooking again when the next big thing comes up.
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Jun 27, 2017 05:48
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NewFatMike posted:Nice hash is giving me $3.60/day on my 1080.  Bitcoin and ETH are both dropping like a stone after an insane (and obviously unsustainable) run over the last month or so. Go to https://www.reddit.com/r/ethtrader/ and watch people panic in real time, or post about how they're actually happy the price is dropping so they can buy EVEN MORE ETH
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Jun 27, 2017 07:32
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I was seriously getting a mining rig together as I happen to have a newish 1070 and an old 290 which appeared to both be good cards for mining. Read this thread over the past week and changed my mind. Just sold both cards last night for stupid money and placed an order for a 1080ti using the proceeds. Thanks guys.
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Jun 27, 2017 07:36
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Jun 27, 2017 07:53
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$1000000000/ETH in 2017 is very likely, buy buy buy!
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Jun 27, 2017 08:01
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By the end of 2018, I will no longer have to work and live entirely off money made by not using my gaming rig to play video games. Mid-range video cards will cost as much as three and a half years annual income, and people who sold their cards in the foolish rush of june 2017 will be looked down upon as society's dregs, the fools who wielded power in their hands and voluntarily threw it away.
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Jun 27, 2017 08:04
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| # ? May 15, 2024 21:34 |
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I want my currency to constantly be changing in value and be treated as a commodity. Numbers must go up!
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Jun 27, 2017 08:06
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