I said I’m clueless when it comes to stocks…
Really?
seems stupid that you claim on mainnet
fr smh
Best case scenario
the merge in August
merge merge merge
miners about to get rekt thinking the Ethereum merge is gonna get delayed, it could get delayed but if it doesn't there will be a crazed rush to list tons of GPUs on eBay
I expect the BTC hashrate to spike making GPUs unprofitable with cheap power but all the smaller coins like ETC, SERO, RVN & FIRO will be saturated the minute block pays out stop in August on ETH, a lot of miners are not grasping this and are still talking about switching over in August as a backup lol
the end of large scale GPU mining
1/200th of the worlds power will no longer be used to mine ETH
So eth miners will go to btc, if their mining setups aren’t good enough they won’t be profitable mining btc, then they will flood these essentially ghost networks making the chances of earning rewards too low to be profitable for most, unprofitable rigs will flood resale market?
So eth miners will go to btc, if their mining setups aren’t good enough they won’t be profitable mining btc, then they will flood these essentially ghost networks making the chances of earning rewards too low to be profitable for most, unprofitable rigs will flood resale market?
exactly only people with the newest GPUs & the cheapest power will stay online
BTC won't work for most though cause of the cost of power and the rising BTC hashrate from Bitcoin miners that got bullish mining last year and are still bringing new ASIC miners online they had backordered.. these will just further squeeze the GPU miners cause they get far better hash per killawatt
because Ethereum is so large anytime mining difficulty becomes too high on a non-Ethereum chain most miners switch over to Ethereum.. which drives the difficulty back down making payouts pretty even across all chains most people don't understand that the mining market self balances like this
once Ethereum stops mining Bitcoin becomes the new market base rate for GPU mining payout meaning profitability falls like 85% for GPU miners..
that's a ton of GPUs that will be no longer profitable
yes they are total ghostchains, the other mining networks put together are 1/20th the size of Ethereum in terms of computing power which is why I think the BTC rate is what things will go to overtime
a lot of miners convert to USD weekly anyways so they don't care what they mine
some mining programs even let you setup multiple wallets and automates this process
I said I’m clueless when it comes to stocks…
This s*** a crypto thread anyway, lol.
This s*** a crypto thread anyway, lol.
Yet it also says “stocks” in the title
Yet it also says “stocks” in the title
Not much talk about it though, lol. I'd bet the last 200 pages there isn't a single conversation about stocks.
Not much talk about it though, lol. I'd bet the last 200 pages there isn't a single conversation about stocks.
I’m tryna invest in crypto too. What app you be using? Coinbase?
I’m tryna invest in crypto too. What app you be using? Coinbase?
I use Gemini
Coinbase is shady
Shady like with their fees?
lots of stuff over the years
1) they list trash coins for insiders, no quality checks
2) their terms say if they go bankrupt your crypto would be sold 
3) they have awful customer support, like can't to your money well you maybe waiting a while
4) yeah fees are crazy high and spreads always seem bad on top of that, so it's worse than just the fees
5) the ceo seems like an a******.. google him might be lex luthor fr hehe
6) they ask for hella private info about you that no other exchange needs if you start moving 5figs around.. like they already got my ssn why do they need bills and s***
there are more things but that covers the basics
Ouch