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I've set a cutoff point in BTC/day for myself and it looks like I'll reach it in about two weeks.
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Jul 17, 2017 16:40
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1gnoirents posted:So the intelligent thing would be to cut and run. There is no way around it. But I dont want to... im sitting here doing math months out in advance speculating at $2 a day, $1.50 a day, $1.00 a day, how long would it be before I make enough money to justify not selling today (its a lot of days). But I think I'm gonna do just that. I'm a slave to this now. Tell my family I gave it my best try but I have succumbed to the buttcoin Sever, sell your card now before the entire butt-economy collapses. Come August 1st, this thread will be solely devoted to reposting r.buttminer sob stories.
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Jul 17, 2017 16:40
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1gnoirents posted:Jesus it just happened to me. I was sitting here pondering what to do about my mining pc. Outside of the GPU, its paid itself off already. The 1080 in it was a used card I had in my main PC which cost me exactly $400. Sell and rebuy after it gets priced down by volta/miners. Profit now immediately, rebuy and pocket another $100-150 
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Jul 17, 2017 16:48
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Methylethylaldehyde posted:Sever, sell your card now before the entire butt-economy collapses. Ok but hear me out... I sell the 1080. And then buy a 580! No no no see look ... the value of the 580 will probably lose less money over the same timespan im looking at even despite a used market crash ... so i should buy 8 of them
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Jul 17, 2017 16:48
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1gnoirents posted:Jesus it just happened to me. I was sitting here pondering what to do about my mining pc. Outside of the GPU, its paid itself off already. The 1080 in it was a used card I had in my main PC which cost me exactly $400. Do you use that card for literally anything other than creating money? If so, create the money now. Also add in your power costs and chart out what happens if your mining rate tanks that hard. Losing money is on the table if you don't cash out.
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Jul 17, 2017 16:50
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if i could live the next like 5 years without having to deal with gpu resale again that'd be ideal like yeah flipping cards to miners bought me a 1080 ti but honestly gently caress eBay selling
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Jul 17, 2017 16:50
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Has anyone had any luck selling cards through Amazon? I've done that for other products without issue, but wondering if there's anything I should know before listing it.
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Jul 17, 2017 17:00
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Glad I sold my 390 when Paul recommended it. Looking at used prices now nobody's buying the few listings I can find, and the ones that are are selling for prices around $150 less than last month.
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Jul 17, 2017 17:02
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Nybble posted:Has anyone had any luck selling cards through Amazon? I've done that for other products without issue, but wondering if there's anything I should know before listing it. Amazon is clamping down on that bigtime with what appears to be pressure from manufacturers to stop 3rd party sales. I can only assume this is because of a high volume of complaints and bullshit scams. But if you've already got a seller account on Amazon, I'd definitely try the Amazon route. Just undercut the lowest price and watch it sell in an hour. If the manufacturer doesn't want you to sell you will be told upfront you need a letter of distribution from the manufacturer
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Jul 17, 2017 17:20
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You guys could make more money with less effort by going to local fountains and stealing coins, or mowing your neighbor's lawn(you may even get a bonus glass of lemonade).
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Jul 17, 2017 17:50
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Peachfart posted:mowing your neighbor's lawn(you may even get a bonus glass of lemonade). Look buddy, do I look like someone who wants to get brain damage from heatstroke
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Jul 17, 2017 18:14
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I literally did the lawn mowing thing. It was mostly to help out the old lady on my street but she insists on paying me. Still, I'm up $20 a week from lawn mowing and the $12 worth of buttcoins I mined is now worth $10 because it's dropping in value and I haven't bothered to figure out how to spend it yet.
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Jul 17, 2017 18:35
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Peachfart posted:You guys could make more money with less effort by going to local fountains and stealing coins, or mowing your neighbor's lawn(you may even get a bonus glass of lemonade). So do you show your QR code before or after you mow their lawn? How many verifications should I wait for before starting the job 
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Jul 17, 2017 18:45
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Methylethylaldehyde posted:Sever, sell your card now before the entire butt-economy collapses. The window to sell your cards is closing almost immediately if not already closed. 480/580 prices are down 25% from peak bubble prices on eBay. I guess it'll be even lower in another month, but now that prices are plummeting you are at higher risk of buyers backing out of sales or refusing delivery when they see that prices have dropped $100 between when they ordered and when it arrived. eBay BIN and Craigslist are going to be tougher to sell at, and Auction format is going to push your sale date even farther into the crash zone. RX 470/480/570/580 cards and "oddball" cards like Fury and 390 are going to collapse sooner and harder than 1060s and particularly 1070s. Might still be a little bit of a window left on 1070s but not much. Party's over.
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Jul 17, 2017 18:49
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Risky Bisquick posted:So do you show your QR code before or after you mow their lawn? How many verifications should I wait for before starting the job You get paid in funny green paper(fiat unfortunately), but the upside is that this paper can be exchanged for all sorts of goods, not just research chemicals and assassination contracts. Though I would make certain to specify if you are mowing both back and front yard, that's where they get you!
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Jul 17, 2017 18:53
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You can even buy mining equipment. Once you tell people they can waste money on hardware then it'll take off.
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Jul 17, 2017 18:58
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The 40 cents I had left after exchanging most of coins for a $30 amazon gift card two weeks ago is only works 38 cents now.
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Jul 17, 2017 19:08
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craig588 posted:You can even buy mining equipment. Once you tell people they can waste money on hardware then it'll take off. I like that it's aggressively angled toward the ground but it needs more RGB.
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Jul 17, 2017 19:19
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Shiiiiit is the resale market crashing? I've inherited my deceased step brothers mining poo poo that I was going to test, clean up, and offload.
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Jul 17, 2017 19:30
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If you weren't cashing out immediately and buying crypto burritos, I don't know what to tell you, guysPrescription Combs posted:Shiiiiit is the resale market crashing? I've inherited my deceased step brothers mining poo poo that I was going to test, clean up, and offload. Lol
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Jul 17, 2017 19:44
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Can someone please set up a GPU futures market
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Jul 17, 2017 19:49
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Prescription Combs posted:Shiiiiit is the resale market crashing? I've inherited my deceased step brothers mining poo poo that I was going to test, clean up, and offload. We've reached peak buttcoin. 
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Jul 17, 2017 21:38
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Prescription Combs posted:Shiiiiit is the resale market crashing? I've inherited my deceased step brothers mining poo poo that I was going to test, clean up, and offload. Do you have access to his wallets?
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Jul 17, 2017 21:44
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Wait that was a real post? 
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Jul 17, 2017 21:56
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Don Lapre posted:Can someone please set up a GPU futures market that's like multiple levels of abstraction and speculation on the crypto markets
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Jul 17, 2017 22:03
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Prescription Combs posted:Shiiiiit is the resale market crashing? I've inherited my deceased step brothers mining poo poo that I was going to test, clean up, and offload. Heatstroke is truly a silent killer. Seriously though, sorry to hear it.
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Jul 17, 2017 22:10
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Paul MaudDib posted:Look buddy, do I look like someone who wants to get brain damage from heatstroke lol mad respect for this reference Prescription Combs posted:Shiiiiit is the resale market crashing? I've inherited my deceased step brothers mining poo poo that I was going to test, clean up, and offload. In all seriousness all of the difficulty curves are these nice exponentials until like last week when it looked like growth was just barely beginning to slow down. This means mining rewards get smaller every day. Cryptocurrencies have also taken a huge drop in price lately The resale market hasn't totally crashed yet but you should probably try to sell that mining equipment sooner rather than later, just make sure you get any wallets off first QuarkJets fucked around with this message at 22:32 on Jul 17, 2017 |
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Jul 17, 2017 22:28
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Since nicehash gets hit doubly hard by the market being poo poo (people aren't exactly going to bid high on hashing power if the currency isn't worth poo poo) i've switched to just mining eth/dcr directly on my 1080ti because the eth part alone is as much as nicehash will pay me. I wouldn't mind if eth took a nice upturn in the next few weeks but I'm not exactly banking on it, just mining on my gaming card when I'm working.
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Jul 17, 2017 23:19
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Checked the wallet and he cashed it out before the deed. His death was not related to the buttcoin markets directly. Just used it to fund his addiction.
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Jul 18, 2017 00:35
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Prescription Combs posted:Checked the wallet and he cashed it out before the deed. His death was not related to the buttcoin markets directly. Just used it to fund his addiction. Jesus, you were serious? Sorry man
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Jul 18, 2017 00:48
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Comfy Fleece Sweater posted:Jesus, you were serious? Sorry man Yeah...
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Jul 18, 2017 01:06
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1gnoirents posted:Jesus it just happened to me. I was sitting here pondering what to do about my mining pc. Outside of the GPU, its paid itself off already. The 1080 in it was a used card I had in my main PC which cost me exactly $400. You'd be crazy to give up these massive $10/month returns. It's free money!
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Jul 18, 2017 04:03
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salt shakeup posted:You'd be crazy to give up these massive $10/month returns. It's free money! It scales UP. Buy ten 1070s NOW.
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Jul 18, 2017 07:08
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salt shakeup posted:You'd be crazy to give up these massive $10/month returns. It's free money! more like $22 after electricity costs you peasant. What do you mean I should factor in the cost of cooling the office I can no longer inhabit because of extreme heat?
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Jul 18, 2017 08:04
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did you remember to factor in the for-sure fact that bitcoin will be worth $100k/coin by December?
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Jul 18, 2017 08:05
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So are everyone's shovels worthless now?
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Jul 18, 2017 11:45
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No, no, dig UP, stupid!
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Jul 18, 2017 12:38
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CyberPingu posted:So are everyone's shovels worthless now? UK Ebay is swamped, but still at way above MSRP. I'd guess those prices will crash soon as nobody will be buying.
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Jul 18, 2017 12:55
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Card crash is like 2-4 weeks away, once the miners realize they can't get over MSRP they will be happy to simply be rid of the cards that are already paid for. I'm still mining
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Jul 18, 2017 14:15
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CyberPingu posted:So are everyone's shovels worthless now? I have the cheapest 1070 listed in the Twin Cities @ $400 but no buyers. My plan is to sell at $400 and then scoop up a 1080 on the crash but I am starting to lose patience anyway. I have had offers at $380, which is still a nice price, but not really worth it for me.
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Jul 18, 2017 14:27
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