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I wanna know who the gently caress is forever hodling butts at $8k/butts.
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Mar 28, 2018 14:10
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Palladium posted:I wanna know who the gently caress is forever hodling butts at $8k/butts. Yeah I dont know, I'm sitting on a growing pile of BTC just waiting. Trading volume is also very low which isn't great when the price is "low". One thing for sure is most of the steam is gone for the time being.
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Mar 28, 2018 18:35
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lmao all the Ethereum miners on Reddit are super in denial about ASICs "it's probably just a fancy GPU rig!"
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Mar 28, 2018 23:00
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Paul MaudDib posted:lmao all the Ethereum miners on Reddit are super in denial about ASICs Every post you make on this subject makes me want to just post 
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Mar 28, 2018 23:13
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Paul MaudDib posted:lmao all the Ethereum miners on Reddit are super in denial about ASICs This sounds amazing
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Mar 29, 2018 02:45
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I’m down for some choice quotes
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Mar 29, 2018 05:54
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Comfy Fleece Sweater posted:I’m down for some choice quotes Here's a fun one, but I think it's bargaining, rather than denial: Would you support a hard fork that obsceletes ETH ASICs? This guy's still stuck in anger, though (or just stupidity) CryptoBlockchainTech posted:You have little understanding the way BitMain works. They use ASICs to mine coins long before they release them to the public. I love how every goddam libertarian loves freedom until they suddenly stop winning. Then it just isn't fun anymore and they need their special protections. Stickman fucked around with this message at 07:37 on Mar 29, 2018 |
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Mar 29, 2018 07:34
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Paul MaudDib posted:lmao all the Ethereum miners on Reddit are super in denial about ASICs o hear me ayn rand, please let this just be a momentary spike in computing power and not a long-term trend
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Mar 29, 2018 10:09
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Stickman posted:I love how every goddam libertarian loves freedom until they suddenly stop winning. Then it just isn't fun anymore and they need their special protections. Bioshock is extremely on-point about this aspect of libertarians
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Mar 29, 2018 10:32
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Mar 29, 2018 10:36
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Stickman posted:I love how every goddam libertarian loves freedom until they suddenly stop winning. Then it just isn't fun anymore and they need their special protections. The implied notion of any fairness in crypto is as valid as a school of piranhas talking about ethics while they eat other alive. And woot, my 1070 breaks the $1/day barrier...downwards.
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Mar 29, 2018 14:14
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Paul MaudDib posted:Bioshock is extremely on-point about this aspect of libertarians It's just the nature of people at large to be honest.
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Mar 29, 2018 15:19
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Wow, some guys I know just spun up a new 18 GPU mining rig today. Got to have spent like $10k on it at least. The majority was a cash kijiji type deal for the video cards from some guy getting out who must be celebrating. Fortunately they "don't have to pay for power" as it's included in someone's lease. After getting it all started up with (I think) nicehash, they were proclaiming that they were making $11/day.
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Mar 29, 2018 17:20
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unknown posted:Wow, some guys I know just spun up a new 18 GPU mining rig today. lol someone is going to have their head by the next power bill
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Mar 29, 2018 17:28
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Only 900+ days to break even 
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Mar 29, 2018 17:41
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unknown posted:Wow, some guys I know just spun up a new 18 GPU mining rig today. 11 per day NOW, but in the future this man is mining 10,000 dollars per day!!!
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Mar 29, 2018 19:43
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unknown posted:Wow, some guys I know just spun up a new 18 GPU mining rig today. Whoever pays that hydro bill will definitely not be very happy with the increase come next month. I predict an eviction is likely in the near future. And BTC will hit $1 and I'l buy some.
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Mar 29, 2018 20:17
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Did they not check profit calculators? Lol. But drat $0.61 a day without considering power usage on EIGHTEEN gpus? Paying for power or not that should trip some mental flags. There is zero indication things will get better, and despite supply problems we are also on the verge of another Nvidia generation at some point here... Out of all the silly things I've seen in this thread that is actually one of the worst decisions I've seen yet.
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Mar 29, 2018 20:23
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Tons of models of GPUs are no longer profitable unless you have cheap power, and even then at .1/kwh a bunch of cards are making like .1-.3 usd per day. Even a 1080ti is barely netting over $1 usd per day after power cost, 700 day payoff rate nothing could go wrong there. I am glad there's always this thread to fall back on as a small island of sanity in the stupid world of mining.
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Mar 29, 2018 21:25
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Hey, tell that dude I’ll sell him EVGA 1070s (FTW and SC2) still under warranty for MSRP. Why stop at 18 GPUs? To the MOOOOOOOON E: current MSRP 
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Mar 29, 2018 22:06
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Off bad memory, it's like 3x 1000w power supplies feeding I believe like 10x 1070Tis, 8x RX580s off I think that Asus B250 "mining expert" board mounted in something like this: https://www.amazon.com/Aluminum-Stackable-Cryptocurrency-Ethereum-Black-Green/dp/B0777HMTSK I'm not into mining, so the parts might (probably) be wrong - I'll try to get the full specs of the rig. Best thing so far was the guy going: "figured out why the system was crashing - there's not enough memory. But I fixed that by just increasing the swap size in windows". 
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Mar 29, 2018 22:26
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unknown posted:Off bad memory, it's like 3x 1000w power supplies feeding I believe like 10x 1070Tis, 8x RX580s off I think that Asus B250 "mining expert" board mounted in something like this: https://www.amazon.com/Aluminum-Stackable-Cryptocurrency-Ethereum-Black-Green/dp/B0777HMTSK How much is the electric rate? Hope the landlord likes power bill suddenly increasing by $300+ to subsidize their idiocy
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Mar 29, 2018 22:32
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I've been enjoying the price halving and the difficulty doubling on ETH since the Mine4Erfworld thing started
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Mar 29, 2018 22:41
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unknown posted:Off bad memory, it's like 3x 1000w power supplies feeding I believe like 10x 1070Tis, 8x RX580s off I think that Asus B250 "mining expert" board mounted in something like this: https://www.amazon.com/Aluminum-Stackable-Cryptocurrency-Ethereum-Black-Green/dp/B0777HMTSK Jesus Christ, 1070 Tis are like <5% better than a 1070 at mining, have worse perf/watt and have worse ROI time. Combined with their poor timing, that’s an amazingly bad decision all around.
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Mar 29, 2018 22:44
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unknown posted:Off bad memory, it's like 3x 1000w power supplies feeding I believe like 10x 1070Tis, 8x RX580s off I think that Asus B250 "mining expert" board mounted in something like this: https://www.amazon.com/Aluminum-Stackable-Cryptocurrency-Ethereum-Black-Green/dp/B0777HMTSK 
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Mar 29, 2018 22:47
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Like goddamn man, if you’re gonna spend that kind of money at least get what’s going to be the best (for the next couple months). Hope your buddy is okay with taking a big loss when he sells those cards after making $10 a day.
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Mar 29, 2018 22:50
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Dropping $10k on GPUs right as the next generation of GPUs is about to come out lol
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Mar 29, 2018 23:04
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tehinternet posted:Like goddamn man, if you’re gonna spend that kind of money at least get what’s going to be the best (for the next couple months). Hope your buddy is okay with taking a big loss when he sells those cards after making $10 a day. Yeah, let me know when he ends up selling those 1070s.
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Mar 29, 2018 23:11
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He won't; he will hodl them forever!
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Mar 30, 2018 01:39
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After the electrical fire, I am sure that "rig" is sure going to be great. I'm sure someone who just dropped 10k for "free money" is going to drop more money and energy to make sure they aren't overheating till melting.
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Mar 30, 2018 10:51
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$7000/butt barrier just got broken Its the perfect time to buy in and hodl laddies to rub it into currency debasing gubments, while discussing how to do a pump-dump fork into a new coin when existing ones aren't working to your advantage because who needs regulations Palladium fucked around with this message at 13:41 on Mar 30, 2018 |
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Mar 30, 2018 13:36
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And so it begins..
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Mar 30, 2018 14:38
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1gnoirents posted:Did they not check profit calculators? Lol. But drat $0.61 a day without considering power usage on EIGHTEEN gpus? Paying for power or not that should trip some mental flags. There is zero indication things will get better, and despite supply problems we are also on the verge of another Nvidia generation at some point here... I assuming that's 18 x 1080 Tis, which VERY conservatively draws at least 3600W and that is already overloading a 230V circuit that is only rated at 13A max. Boy, that's gonna be really fun on a 110V circuit. Palladium fucked around with this message at 14:55 on Mar 30, 2018 |
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Mar 30, 2018 14:53
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Don't worry they hooked it up to a cheap generator they bought on line. Gas is cheap , Bitcoins pricey.
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Mar 30, 2018 14:59
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https://twitter.com/ButtCoin/status/979743693023322112
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Mar 30, 2018 18:27
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And yet difficulty is not going down at all, in fact still expected to increase... wtf? https://data.bitcoinity.org/bitcoin/difficulty/5y?t=l Running at a loss because of their great belief in the power of bitcoin, surely
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Mar 30, 2018 18:49
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Most Chinese mining operations are ran out of their mom's basement. She pays the power bill so what they mine is basically all profit.
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Mar 30, 2018 19:06
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Lube banjo posted:And so it begins.. let me know when cards people actually want are being sold at below msrp. None of those prices are anywhere near saying "it begins" FAKE NEWS
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Mar 30, 2018 19:19
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Its been it beginsings. There is no new supply though, so the used market is still above msrp.
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Mar 30, 2018 19:48
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1gnoirents posted:Its been it beginsings. There is no new supply though, so the used market is still above msrp. You should get that Bitcoin heatstroke checked out...
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Mar 30, 2018 19:56
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