Reply
  • Jun 10, 2022
    worldpeace

    What are u going to do about it

  • Jun 10, 2022
    ·
    2 replies

    I said I’m clueless when it comes to stocks…

  • Jun 11, 2022
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    1 reply
    lnstinct

    ~$550 net from hop

    seems stupid that you claim on mainnet

  • JayS 🦄
    Jun 11, 2022
    ·
    1 reply
    Oscar Winner

    I said I’m clueless when it comes to stocks…

    Really?

  • Jun 11, 2022
    JayS

    Really?

    Yea I’m tryna learn. Been reading.

  • Jun 11, 2022
    ·
    1 reply
    neon

    what if instead

    Best case scenario

  • neon 🍄
    Jun 11, 2022
    worldpeace

    seems stupid that you claim on mainnet

    fr smh

  • neon 🍄
    Jun 11, 2022
    _001

    Best case scenario

  • neon 🍄
    Jun 11, 2022

    the merge in August

    merge merge merge

  • Jun 11, 2022
    ·
    1 reply
    neon

    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?

  • neon 🍄
    Jun 11, 2022
    ·
    edited
    worldpeace

    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

  • Jun 11, 2022
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    1 reply
    Oscar Winner

    I said I’m clueless when it comes to stocks…

    This s*** a crypto thread anyway, lol.

  • Jun 11, 2022
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    1 reply
    JaeRell

    This s*** a crypto thread anyway, lol.

    Yet it also says “stocks” in the title

  • Jun 11, 2022
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    1 reply
    Oscar Winner

    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.

  • Jun 11, 2022
    ·
    1 reply
    JaeRell

    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?

  • neon 🍄
    Jun 11, 2022
    ·
    1 reply
    Oscar Winner

    I’m tryna invest in crypto too. What app you be using? Coinbase?

    I use Gemini

    Coinbase is shady

  • Jun 11, 2022
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    1 reply
    neon

    I use Gemini

    Coinbase is shady

    Shady like with their fees?

  • neon 🍄
    Jun 11, 2022
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    1 reply
    Oscar Winner

    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

  • 0 🫪
    Jun 11, 2022

    Depressed @0 activate

  • JayS 🦄
    Jun 11, 2022

    Ouch

  • Jun 11, 2022

    owie

  • neon 🍄
    Jun 11, 2022
    ·
    1 reply
  • Jun 11, 2022
    ·
    4 replies

    Good time to slurp some eth or we going to the depths of hell?

  • Jun 11, 2022
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    1 reply
    neon
    https://twitter.com/evan_ss6/status/1535642488785866752

    F*** sbf