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Ethereum price to hit a new milestone
cryptopolitan.com ^ | April 1, 2021 | UC Hope

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 ...


TOPICS: Business/Economy
KEYWORDS: crypto; eth; ethereum
Switching from Bitcoin to the star of business blockchain, Ethereum.

.....................

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.

1 posted on 04/01/2021 1:29:43 PM PDT by aMorePerfectUnion
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To: algore; aMorePerfectUnion; amorphous; Andyman; ARGLOCKGUY; battletank; BlueStateRightist; ...
PING!
2 posted on 04/01/2021 1:30:05 PM PDT by aMorePerfectUnion (I'd rather be anecdotally alive than scientifically dead...)
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To: aMorePerfectUnion

Money is falling from the sky.

It has to go somewhere.


3 posted on 04/01/2021 1:47:14 PM PDT by Mariner (War Criminal #18)
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To: aMorePerfectUnion

lol Keep hold of some BTC: it’s going places for a good while yet just on the strength of the branding! ;)


4 posted on 04/01/2021 2:02:13 PM PDT by Retrofitted
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To: aMorePerfectUnion

Maybe they should merge and call it EtherBit.


5 posted on 04/01/2021 2:07:25 PM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: Retrofitted

agree.

Further than the skeptics could imagine.

And I’m going with it.


6 posted on 04/01/2021 2:09:50 PM PDT by aMorePerfectUnion (I'd rather be anecdotally alive than scientifically dead...)
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To: aMorePerfectUnion
Sold off my monthly ethereum mining for the month of March. $120 ish. My first proof of concept mining for ethereum. 3x GPU miner (GTX 1080). After the cost of power, it will be averaging about $105 per month income. That wont pay back my cost for the system anytime soon, but it did get me to set up the process of mining, to wallet to Kraken, to bank account.

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.

7 posted on 04/01/2021 2:13:49 PM PDT by taxcontrol (You are entitled to your opinion, no matter how wrong it is.)
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To: taxcontrol

Interesting. My son was mining ethereum about 18 months ago but his power bills were killing him


8 posted on 04/01/2021 2:30:11 PM PDT by The FIGHTIN Illini (Wake up fellow Patriots before it's too late)
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To: taxcontrol

Very cool.

You’re the only one I know!


9 posted on 04/01/2021 2:36:16 PM PDT by aMorePerfectUnion (I'd rather be anecdotally alive than scientifically dead...)
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To: The FIGHTIN Illini

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.


10 posted on 04/01/2021 2:58:57 PM PDT by taxcontrol (You are entitled to your opinion, no matter how wrong it is.)
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To: taxcontrol

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. :)


11 posted on 04/01/2021 3:01:17 PM PDT by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: The FIGHTIN Illini

Interesting. My son was mining ethereum about 18 months ago but his power bills were killing him

As others have stated, crypto mining consumes physical assets, like electric power, and converts them into nothing.


12 posted on 04/01/2021 3:27:02 PM PDT by Flick Lives (“Today we celebrate the first glorious anniversary of the Information Purification Directives.”)
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To: aMorePerfectUnion

That’s almost as much as Unobtainium. I’ve got a lead on a huge stash!


13 posted on 04/01/2021 3:29:07 PM PDT by 9422WMR (Lie, cheat, steal. It’s how the democRATS operate. )
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To: Mr. Jeeves

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.


14 posted on 04/01/2021 3:55:30 PM PDT by taxcontrol (You are entitled to your opinion, no matter how wrong it is.)
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To: taxcontrol
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.

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.

15 posted on 04/01/2021 6:36:55 PM PDT by amorphous
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To: aMorePerfectUnion

Yeah! Hope my small bit I own, keeps on climbing!


16 posted on 04/01/2021 10:58:17 PM PDT by vpintheak (Live free, or die!)
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To: amorphous

I am the exact opposite of you. Got started trading, did not do very well, got into mining.


17 posted on 04/02/2021 7:59:42 AM PDT by taxcontrol (You are entitled to your opinion, no matter how wrong it is.)
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To: taxcontrol
I'm in a dilemma now. Sold my all of my trading ETH and now dipping into my reserve ETH. I don't like doing that. Need a correction so I can restock. :)

I mined over 300 ETH.

18 posted on 04/02/2021 8:19:29 AM PDT by amorphous
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To: taxcontrol
It is very difficult to make a profit if your cost per KWhr is above $0.10

I'd think Ethereum would be pretty profitable to mine at $2k+ with electricity costs way above ten cents. Now if I was at 20-25 I certainly wouldn't be rushing out right now to buy a rig, but anyone with a decent GPU could make $50-$100 in profits a month pretty easily at these prices.
19 posted on 04/02/2021 10:56:36 AM PDT by Methos8
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