Posted on 04/01/2021 1:29:43 PM PDT by aMorePerfectUnion
Ethereum, the next largest cryptocurrency behind Bitcoin, has endured price stagnation for about a month. That period was marked with erratic and unpleasant price movements, which lead to the so-called triangular shape on Ethereum price daily charts.
However, a sudden increase in buy order has allowed Ethereum Price to escape from that pattern. By this recent data, ETH Price is projected to increase by 37 percent. If this projection comes out true, ETH price will hit an all-time high of $2560.
(Excerpt) Read more at cryptopolitan.com ...
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If YOU would like to be on a CRYPTO PING LIST, please pm me.
The Crypto Ping List covers the following:
Bitcoin
Ethereum
Other coins built on the Ethereum
blockchain mining
etc.
Thanks! For it - or ag'in it, it'll be a wild ride.
Money is falling from the sky.
It has to go somewhere.
lol Keep hold of some BTC: it’s going places for a good while yet just on the strength of the branding! ;)
Maybe they should merge and call it EtherBit.
agree.
Further than the skeptics could imagine.
And I’m going with it.
Yepppiee! Starting to roll
Now on to setting up my Litecoin asic miner to run in parallel and hopefully, by May starting with a Bitcoin asic miner. The litecoin asic box should bring in about $200 / month after power and cooling overhead. So before the bitcoin miner, (ethereum GPUs plus litecoin asic) I am anticipating about $300 / month to help with the houshold bills. Expecting more out of the bitcoin asic miner.
Interesting. My son was mining ethereum about 18 months ago but his power bills were killing him
Very cool.
You’re the only one I know!
Mining is not for the faint of heart. There is a price point for all miners where the cost of electricty and cooling exceeds the money being brought in.
To be successful, you have to KNOW that price point. Or think of it backwards. Given the cost of electricity, at what price point does it make more sense to turn off the miner and NOT mine. Most miners that I know never do that calculation.
And every setup is different. The miner has a hash rate, that takes so many watts of power and produces X watts of heat that have to be cooled. All that hashing then produces Y amount of coin. Then that has to be exchanged for cash and then that cash has to be used to pay back the power bill. What is left over can then be used to offset the depreciation of the hardware.
IOW, it is a numbers game and you REALLY need to know your numbers.
I know quite a few FORMER miners that are now just trading cyber currencies on the ups and downs of the market. They gave up mining because their electrical bills were cost prohibitive.
You probably need to own a nuclear power plant to make any real money mining. That’s why Russia and China are into it, these days. :)
Interesting. My son was mining ethereum about 18 months ago but his power bills were killing him
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As others have stated, crypto mining consumes physical assets, like electric power, and converts them into nothing.
That’s almost as much as Unobtainium. I’ve got a lead on a huge stash!
It is very difficult to make a profit if your cost per KWhr is above $0.10
I just happen to live in an area that has a slightly lower cost.
That'd be me to. But I still have my miners and electricity is free in winter, since the heat generated goes to heat the home, which is where I have my miners located.
Just not worth it to keep up with the system admin, and setting everything back up.
Plus, I'm actually doing pretty well just trading.
Yeah! Hope my small bit I own, keeps on climbing!
I am the exact opposite of you. Got started trading, did not do very well, got into mining.
I mined over 300 ETH.
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