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June 16 2021 2.23pm

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View Ouzo Dan's Profile Ouzo Dan 23 May 21 6.36pm Send a Private Message to Ouzo Dan Add Ouzo Dan as a friend

Best explanation I have found as to why Cryptocurrency exists
[Link]

As for the dump meh, considerably bigger players than a minnow like me driving the price down so they can buy back in cheaper, Crypto has been like this since its inception.

Funnily enough I have returned to mining Crypto after a good 10 years off, found an old Dell Office PC in a dump, upgraded the power supply & added a Graphics card I got cheap, even at current prices I am on course to add a second graphics card in about 2 1/2 months then I'll add another and just keep going until I have a solid passive income.

I have some Crypto I'll hold onto but what I mine I dont really have any particular loyalty to so will mine whatever is the most profitable.


Edited by Ouzo Dan (23 May 2021 6.39pm)

 


Sex Panther 60% of the time it works every time

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View BlueJay's Profile BlueJay Flag UK 25 May 21 1.26pm Send a Private Message to BlueJay Add BlueJay as a friend

Crypto still seems to be somewhat tied to traditional markets for now though. As in if the economy tanks, Bitcoin will initially at least go with it. It's tricky to know what to do at a time like this. Of course if people are in it for the long-haul I don't suppose the here and now is so important.

 

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View Frickin Saweet's Profile Frickin Saweet Flag Just outside The Cronx 25 May 21 2.51pm Send a Private Message to Frickin Saweet Add Frickin Saweet as a friend

Originally posted by Tom-the-eagle

Several months of huge gains but now in free fall!

Are people holding or getting out?

I'm hodling. Crypto was always a longterm investment for me. No point sh1tting it now and selling when that was never the plan. That said I'm mainly in the mainstream coins rather than alt where is makes more sense to shift your investments around (don't have the time for that). What I AM doing, despite a lot of the attractively priced coins, is putting more of my money in lower risk investments outside of crypto incase it does all go tits up. That said I think in 2-3-year's time after another bull run this will look like no more than a blip.

 

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View Frickin Saweet's Profile Frickin Saweet Flag Just outside The Cronx 25 May 21 2.53pm Send a Private Message to Frickin Saweet Add Frickin Saweet as a friend

Originally posted by Ouzo Dan

Best explanation I have found as to why Cryptocurrency exists
[Link]

As for the dump meh, considerably bigger players than a minnow like me driving the price down so they can buy back in cheaper, Crypto has been like this since its inception.

Funnily enough I have returned to mining Crypto after a good 10 years off, found an old Dell Office PC in a dump, upgraded the power supply & added a Graphics card I got cheap, even at current prices I am on course to add a second graphics card in about 2 1/2 months then I'll add another and just keep going until I have a solid passive income.

I have some Crypto I'll hold onto but what I mine I dont really have any particular loyalty to so will mine whatever is the most profitable.


Edited by Ouzo Dan (23 May 2021 6.39pm)

out of interest, what cards are you planning to buy? I saw that NVIDIA are doing cards purely for mining now to stop miners taking cards away from gamers, although all are in short supply.

 

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View Ouzo Dan's Profile Ouzo Dan 25 May 21 9.42pm Send a Private Message to Ouzo Dan Add Ouzo Dan as a friend

Originally posted by Frickin Saweet

out of interest, what cards are you planning to buy? I saw that NVIDIA are doing cards purely for mining now to stop miners taking cards away from gamers, although all are in short supply.

Graphics Cards are as rare as rocking horse s*** at the moment even the 2nd hand market is a horror show, Its honestly better value to buy a prebuilt pc with the card you want & sell the parts rather than pay some scalper a kidney for the card you're after.

Started mining with a (2012) 3gb HD7970 which nets me about 50/60 cents a day after electricity & just bought a RX550 4gb which I am currently underclocking/overclocking to get the best performance but likely 50 cents a day (it will go live in the morning), a day may not sound much but that is 365 a year for doing nothing other than what I do on my PC already.

I've spent 50 on a power supply & 100 on a graphics card, once I have raised 100 I'll see what is available on the 2nd hand market but with Ethereum heading towards proof of stake as opposed to proof of work I suspect the 2nd hand GPU market will see the market flooded soon, I'll buy the best available for my budget and keep adding cards (gets easier with every card), obvious if the price falls out of its arse I simply switch my cards off until they are profitable again.

As for sheer ease of mining Crypto id recommend the RTX20XX series & using something like Nicehash.

The RTX30XX series are more profitable but Nvidia are pissing about with the drivers & AMD's offerings all need their bios Modded before they really compete with Nvidia.

Currently 24 (2 mining rigs if you know what you're doing) GTX3060's earn a minimum of 2029 a month which would be enough for me to never work again.

Edited by Ouzo Dan (26 May 2021 4.25pm)

 


Sex Panther 60% of the time it works every time

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View Ouzo Dan's Profile Ouzo Dan 25 May 21 10.00pm Send a Private Message to Ouzo Dan Add Ouzo Dan as a friend

If your looking to invest outside of Crypto id suggest [Link] another great way to make your money work for you if you cant buy a whole house and let it out yourself.

 


Sex Panther 60% of the time it works every time

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