ETH is dead

>>61330278
>17.3 bil market cap
wow it's dead

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>>61330278
>falling for the crypto meme

>>61330291
Perhaps the more relevant issue is that the price/difficulty may soon make it financially unwise to buy new cards for ethereum mining.

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Post yfw you didn't fall for the meme

>>61330278
I KNOW

>>61330278
Far from dead and still profitable, it would have to decline to around 60-70 to no longer be worth mining.

June 12th opens $392
>1 month
July 12th opens $191

COIN TRADERS ON SUICIDE WATCH

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>>61330278
Not fast enough. It needs to come crashing down like a witch thrown into the river.

>>61330365
Kinda wish I did back when shills were marketing it back in Jan/Feb, could have made a nice bit
Glad I didn't listen to the latest round of shilling though, those guys got cucked hard lol

>>61330278
Fuck I didn't get to sell my card yet

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>>61330278
I hope everyone has switched over to monero

So when are we going to get cheap GPUs again?

should've sold my old 280x's to some retards

oh well

What board is this?

>>61330319
Yeah totally. You shouldn't buy any more cards. I agree. Definitely do not do this.

>>61331182
>retards realizing that the value can fluctuate over time
top kek

>>61331353
The board that would make the most sense for discussing a decentralized distributed computing network (ie. Ethereum).

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>>61330365
>tfw shills can't touch this

>tfw I just bought 50 more while it's nice and cheap
feelsgoodman.jpg

Should I go ahead and sell my ETH?

>>61331538
>hurr.. should I sell low? I think all the experts sell low and buy high, right?

>not shorting ETH
It's like you guys really hate free money

I'm buying the dip, I have made significant returns every single time.

>>61331547
this

It really never fails to amaze me how many retards do the exact opposite of what every expert says to do. Buy when it is cheap and sell when it is expensive. Not the other way around. I swear most people are seriously brain damaged. Whatever. It just makes it easier for me to come out on top.

>>61330365
I remember when I said this about bitcoin back when it tumbled to $0.10

I am not laughing now

>>61331574
Some people gamble their money instead of investing their pocket cash, this makes them panic way easier while the latter group usually profits.

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>>61331410
>l-look guys! im being sarcastic to show how c-confident i am in the time, money, and energy wasting pyramid scheme that i participate in
your shitty investment in GPU farts will never take off. you will die poor and a virgin

I sold 5% of my stash at 350 and 250. Holding the rest.

Price will be over $500 by end of this year.

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>>61330278

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>>61331182
>>61331728

In the grand scheme of things it's barely a dip thus far.

It's the dawn of a crypto bear-market. The beatings will keep on coming until morale improves.

Those who buy "cheap" coins at $180-$190 will regret it when ETH finds support around $15 and consolidates there for months and months.

To eth holders here, don't panic like a fag and sell on a dip.

BUY THE DIP and you will make money

>>61331765
The ponzi scheme is falling part, get a grip. The only good thing that has come from this is the cheap GPU dump coming this month.

>>61331765
>loses $20 in the last 24 hours
>a dip
I would like to sell you some stocks...

>>61331663
>I am completely clueless about what a pyramid scheme is but I am going to use the term anyways

>>61331799
What's your offer?

>>61331765
Don't listen to this faggot. You should definitely sell now because I want to buy cheaper ETH.

HODL GUYSS

>>61331811
The exact technicalities are unimportant, the important thing is that the earlier you get into it, and the more suckers you can rope in, the better off you are. It's a system that feeds on newcomers, who are all hoping to feed on people who are newer than they.

>>61331839
>the more suckers you can rope in, the better off you are
Okay you are just demonstrating how retarded you are. More people mining means less profit per miner. You couldn't be more wrong here.

it'll stabilise around $100

you can still sell now and re-buy later counting on future appreciation

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>>61330278
It's not dead, idiot. Ether is the future.

>>61331825
I am while also buying more. Dollar cost average.

Is it time to buy into the cryptocoin meme?

>>61331811
>I read up on the term pyramid scheme a month ago on wikipedia and I interpreted it the way I want
now tell me about anarcho capitalism champ

>>61331846
>More people mining means less profit per miner
Wrong. More people mining sends the price of etherium up.

>>61331867
If you have to ask, then no.

>>61331867
It's certainly not the worst time to buy in. The entire market is down right now. Better now than 1 month ago

>>61331867
Buy when no ones talking about it.

>>61331794
>ponzi scheme
You're silly. Don't use this label again until you understand ponzi schemes. Ethereum and Ether cannot be ponzi schemes by definition. It's so much more than you understand. All brainlets stay the fuck away from cryptocurrencies unless you intend to buy and sell, in which case do so so we can buy it back up at a reduced rate. Sell off and create a panic, little bitch.

>>61331879
No, the price going up is what cause more people to get into mining. As you can see right now, the massive increase in miners did not do shit to increase the value of ETH over the last month.

>>61331895
>the massive increase in miners did not do shit to increase the value of ETH over the last month.
This. All it did was increase the difficulty and make mining less profitable.

>>61331892
>a form of fraud in which belief in the success of a non-existent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors.

Sure looks like a ponzi scheme to me.

>>61331879
>More people mining sends the price of etherium up.
Have you ever invested any money in anything? You sound like you literally just started reading about this today. The value goes up when the demand increases or the supply decreases. More miners means greater supply and the same level of demand, meaning the value goes down. Jesus christ man, learn about basic economics. Supply and demand is a pretty simple concept.

>>61331794
>ponzi scheme
No. The creators don't have any control over it, the blockchain is public and it can't be messed with. They don't receive money or cryptocoins from the newcomers. Transaction taxes are given to the miners only.

>>61330278
>not having sold at it´s last high
you people deserve this

>>61331934

see

>>61331922
Its first investors, ponzi, pyramid whatever you call it, its one use so far is to run illegal ICO's its literally scam inception.

>>61331922
>of a non-existent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors

You misunderstand and attribute the old mindset from our manipulated stock market. The Fiat currencies will only push more investors into cryptocurrencies as they further depreciate. Ten years from now you'll be laughing at yourself speaking of votality" when Ether and Bitcoin are worth large sums and Fiat is practically worthless.

>>61331958
>Its first investors
Its first investors what? The only advantage they can possibly have is being "richer" than the rest, but their cryptocoin balance itself doesn't increase by bringing more people into it. The exchange rate against FIAT might, but that has nothing to do with ponzi/pyramid schemes.

>>61331958
Despite entire countries adopting it. Sure, a scam. I suggest reading Vitalik Buterin's and development team's white papers and blog. Also read what the Chinese, Indians, and Russians have to say. Don't forget all the hedge fund managers and economists bullish on crypto for the long term.

You should read more.

>>61332002
Reminder there is no sense in informing people when you could be using your knowledge to profit instead of them using it.

>>61331945
Why when you can just buy more Ether while it's low? Hold and when it grows, budget some for spending. Bitcoin is digital gold and Ether is fuel for Ethereum applications but also as a general currency. More incentive, etc.

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>>61330365
>tfw ignored crypto mining
>tfw ignored latest shills
>tfw got a new video card before they went scarce thanks to mining in the past month
>tfw got a good price while everyone else got shafted
>tfw I sold my old card for more then I got it

>>61332025
Agreed. Bought Ether at a dip a while ago.

>>61331958
>>61331978
Just to be clear, the system isn't made to reward new "inverstors", but the miners who are the ones who make transactions possible. Mining won't be a thing forever because there's a limited number of blocks that can be discovered.

>>61332002
>all these people like ETH because they have stakes in it
>Read their shit because I can't defend it myself

10/10, you convinced me, you win this one m8.

>>61332031
>tfw you could have mined with that card and made more from the earnings than the price you sold the card

>>61332028
because if you sell when it is high you will have more funds to buy when it is low and you remove the risk of minimizing your profit

This shit is a fucking gamble. Literally no one knows what will happen to the price and anyone saying it will increase/decrease is just making a guess. It was $10 at the start of this year and it's very possible it will go back down to that price so there's nothing wrong with selling now if you don't want to risk losing everything.

>>61332037
Not to mention proof of stake

>>61332075
this is as much of a gamble as trading on the stock market

>>61332075
Welcome to investments.

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>tfw I bought 500 ETH when they were $13 and sold them when they were $365
>tfw I made a profit of $70k
>tfw it was the first time I tried investing and I did hardly any research
>tfw I had crippling buyer's remorse until late May
>tfw I now see all these poor bastards literally considering suicide

>>61332073
Yes, but that is gambling because you can't be sure when it is at the top of a spike.

>>61332107
*profit of $170k

>>61332107
>tfw I now see all these poor bastards literally considering suicide
Literally everyone I know with ETH thinks this is a great opportunity to buy more. I don't see anyone upset about this. I kind of wish it would go back up just so I can finish scaling up my mining business, but I'm still doing fine either way.

>>61332092
Not if you have insider trading information

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>>61332107
>invested 3k in ETH
>it goes up to 27k during ATH
>now its gone down to 11k
>seriously considering shorting if it falls below 10k

>>61332108
are you implying that´s not the same with the stock market?

>>61331436
Actually, all cryptocurrency talk is supposed to be on /biz/. /biz/ was in fact created to get all the shitty cryptocurrency threads off /g/ back when the whole dogecoin rush was going on.

>>61332168
That kind of trading is still gambling on the stock market. What does that have to do with anything?

>>61332175
Cry harder faggot

>>61332121
Same thing for me most people see this as a time to watch and buy

>>61332218
just wanted to have that clarified
and i do agree

Cryptocurrency is infact a Ponzi scheme as soon as someone pays real money for it.

There is literally 0 reason to ever buy cryptotrash unless you believe you will be able to sell it for more money in the future to someone else.

>>61332286
Yeah I'm sure this "internet" fad will blow over in a few years

>>61332286
it´s a currency you idiot
you can pay with it for actual services
by your reasoning everything is a ponzi scheme

>>61332388
It is a ponzi scheme the moment it moves to PoS.

>>61332286
There is no reason to owning anything of value unless you believe you will be able to transfer its value to some other form in the future.

Salty tulip fag detected

https://www.youtube.com/watch?v=XbZ8zDpX2Mg

As long as you buy established cryptos you will be safe. Stick to BTC and ETH and you are almost guaranteed to make money in the long run. The chances of them becoming completely worthless is very low.

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>yfw failed miners try to sell their beaten to hell GPUs on craigslist next month
>yfw they don't even recoup 1/4th of their costs

>>61332430
>Expend USD to obtain mining equipment to earn ETH
vs
>Expend USD to obtain ETH to earn ETH
Same input and output. You sound like you have no idea what you are talking about

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>>61330278

>tfw you didn't buy buttcoins in 2009 and now one of your country's biggest computer retail store accepts bitcoin and you could've be swimming in high end computer for decades

>>61332499
>Same input and output
You must be fucking retarded to think so. You know why PoW is still readily used? Because it is hard as fuck to mount a 51% attack. Move to PoS where money buys more money and no one knows who has the money. Now you got a ponzi scheme.

>>61332533
Scenario A: input=USD, output=ETH.
Scenario B: input=USD, output=ETH

It doesn't get any more cut and dry than that. It's just as difficult to mount a 51% attack in either scenario. Good luck buying billions of dollars worth of ETH to attack the network

>>61332533
>money buys more money
Welcome to capitalism retard

>>61332591
Kill yourself moron. That wasn't my point.

>>61332581
The difference in process is what makes it difficult you imbecile. Might as well say every investment scheme is the same. Money in money out. Guess every investment opportunity is the same then.
Scenario A takes money and time. Scenario B only requires money.

>>61332636
>Scenario A takes money and time. Scenario B only requires money.
Not true. The returns from PoS also take time (not to mention the ROI is expected to be significantly lower than that of mining). Are you brain damaged?

>>61332653
Are you mentally incapable of thinking you fucking imbecile. Talking to you make me sick because of how fucking stupid you are. What has returns from PoS got to do with a 51% attack? Fuck off moron. Do you even know what is a 51% attack?

>>61332684
I didn't realize you were still talking about a 51% attack given that it is basically impossible to perform unless you happen to have billions of dollars laying around. Do you have billions of dollars laying around? If so, are you willing to literally throw it away in an attempt to ruin Ethereum? Come on, stop being a retard.

HODL

>>61332701
Governments don't have billions?
Financial institutions don't have billions?
The world bank doesn't have billions?

>Hurr durr the average joe doesn't have billions to buyout 51% of the market cap of Etherium that means no one else can

Etherium currently has a market cap of $18,735,749,320. 51% of that is 10 billion. You know how many organizations can afford 10 billion to make potentially billions more especially since you can't detect a 51% when it is PoS?

What are the odds that this is the starters of ETH cashing out their holdings? Why wouldn't you, the creators of these coins hold about 50% of them, it is literally money for nothing.

>>61332756
Extremely unlikely. It's much more likely that the people selling now are the same new money that caused the spike which immediately preceded this.

>>61332742
>to make potentially billions more
>hurr... I'm going to make billions by buying a ton of ETH and then ruining the value of it by damaging the integrity of the network

You realize that if they wanted to do that they could invest that same amount of money into mining equipment and do it right now?

>>61332785
Yes because people rich enough to buy tons of ETH is going to openly attack the network you fucking moron.

>You realize that if they wanted to do that they could invest that same amount of money into mining equipment and do it right now?
Wrong. To mount a 51% attack with PoW, you must match ALL existing computation power and then some vs getting 51% of the coins in existence. If you think those 2 are the same you are fucking stupid and retarded.

One requires massive amount of hardware, equipment, logistics, planning and calculation/estimation of computation power required vs the other which only requires you own 51% of the coins which are publicly sold. You are a moron if you think they are equivalent.

>>61332836
Not to mention that once you obtain 51% of a PoS, you essentially own the blockchain even if you don't maliciously attack it. No one will surpass you given that you will always make the most coins due to your holdings vs PoW where you are still vulnerable to losing your 51% stake if another player moves in thereby rendering your investment completely worthless unless you own 51% continually which is the main reason why no one wants to attempt such a thing. High investment with potentially 0 payout vs PoS where even if you don't get 51%, it is not like your investment is sitting in worthless warehouses as ASIC or GPUs.

>>61332071
Wrong. At 25 MH/s for the fastest AMD card it would have taken several months to make that money. And with the recent dip ETH mining has become less profitable.

>>61331602
Why? Bitcoin is literally worth nothing.

>>61332944
Still early. It takes some time before adoption happens like any new technology.

>>61332836
Yeah? You have the numbers to show how expensive it would be to buy enough computational power for 51%? I am skeptical of the idea that it is more than the cost of buying 51% of the ETH. Your entire argument hinges on it and you haven't provided evidence.

>>61332930
>several months
Oh yeah, that makes it impossible then. We all know the world will end after only a couple months

>>61332966
Read my follow up post you moron
>>61332883 as to why a owning 51% of the computational power is a very fucking stupid idea.

>>61332979
It would be stupid in either scenario. That's what I've been trying to explain to you but you are literally retarded.

>>61330278
You see despair, I see time to buy!

>>61332992
>It would be stupid in either scenario.
No it isn't. You simply have to have enough money you fucking retard. That is it. Your only argument I have seen why it is stupid is
>Hurrr durrr why don't you have billions lying around to buy it out then
First, I am not a billionaire. 2nd, PoS model isn't implemented yet.

Then you cry like a bitch and say well it is as easy to do so to a PoW model which I proceeded to prove you wrong despite the fact that you can't gather one shred of evidence that obtaining 51% of a unknown variable vs 51% of a openly known market cap is the same.

KYS you cum eating shit stain. Talking to retards like you make me sick.

If I have a 1060 how long would it take for me to mine one ETH?

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>>61330278
Yes, YES, YES!!! LET IT FUCKING DIE!!!

>>61333024
You will waste more money on electricity than the value of that one ETH.

>>61333014
As I have already explained to you, anyone who performs a 51% attack would lose billions of dollars in the process since the moment they abuse that power all ETH would become worthless. Are you really so retarded that you can't understand why nobody would want to lose billions of dollars?

>>61333014
I'm pretty sure a 51% attack relates to processing power (aka mining (aka validating blocks)). The amount of ETH you have is just some data and doesn't really mean anything to the blockchain.

>>61333032
That all depends on how much my power costs and when I sell that ETH, so just answer me.

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Where my dgb bros at?

>>61333045
It does if it is the PoS model.

>>61333040
Alright ask yourself these questions.
What prevents double spend?
What happens when I own 51% and validate a double spend?
If that happens what prevents a double spend?

Come on. You are so smart. Answer me.

>>61333045
He is referring to PoS, which is a system which will be used after mining is no longer used on the Ethereum network. However, he is still retarded because >>61333040

>>61333065
>Come on. You are so smart. Answer me.
What happens is the entire network collapses and the person who just performed that 51% attack puts a bullet in their fucking head after realizing their billions of dollars worth of ETH is no worth literally nothing. I don't understand why you are having a hard time understanding this. Nobody is going to do that because it would only hurt themselves.

>>61330278
when should i buy?

>>61333083
>Can't answer the question
Seems right. Because you don't know the answer. Someone who pulls a 51% attack isn't going to giving warning to the all the users that they own 51% of the coins. Something which you seem incapable of doing. As it stands even in the system today there is no way to detect a 51% attack till it is too late. Someone who pulls a 51% attack could do it for months on ends before it is detected.

But continue with your hyperbole. All you are doing is making a fool of yourself.

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>>61330365
My Rx 580 tripled in value overnight and I sold it for profit. Now I have a shiny new 1080 TI.

>>61332124
But that's cheating and illegal.

>>61333112
Only if you get caught.

>>61333107
Okay man, if you really think someone is going to literally flush billions of dollars down the toilet just to take down the Ethereum network you should probably kys.

>>61333099
Buy high sell low

>>61333122
The only reason to mount a 51% attack is to take down a network? Are you fucking retarded?

Seems your only answer to what prevents a 51% attack on a PoS model is that people won't do it cause they are so stupiddd mannn. You have shit for brains.

A 51% attack allows you to double spend transactions, allows you to monopolize mining blocks which you already do without having to attack the network, allows you to block transactions.

They don't even have to immediately do this. They can pass the 51% mark and then sit for a year and then everything from the start of the attack till present is susceptible to manipulation.

There is a lot of value in doing a 51% attack aside from burning down the network you fucking moron.

>>61333182
>cause they are so stupiddd mannn
No, it's because that money would all become worthless the second they abuse that power. If you can't understand that then you should stop trying.

>>61333200
>No, it's because that money would all become worthless the second they abuse that power

Not if they make back their money plus more before they are discovered.

Since you have shits for brain let me answer my own questions.
What prevents a double spend? The blockchain
What happens when I own 51% and validate a double spend?
I get to re-spend my transaction
If that happens what prevents a double spend? Nothing. Cause that is a 51% attack.

>>61333200
How do you know when an attack is happening and when people are abusing that power in a system? The answer is that you don't know. Cause you are a fucking moron and should really shut the fuck up.

>>61333219
>>61333230
>blockchain is fully auditable by everyone
>hurr.. nobody would ever know if someone fucked with it
Jesus christ how much of a retard are you?

Who /LTC/ here.
I bought before the first bubble when it started at ~£10/LTC, now it's ~35.

When and how do we reach £100/LTC lads?

>>61333236
Wrong you moron.
The blockchain is audited by the majority. You are the majority. That is why it is called a 51% attack. But thanks for letting me I am talking to a complete retard here.

>>61333252
>He thinks that transaction verifications is the same thing as auditing the blockchain after the fact
Seriously put a bullet in your brain now

>>61333252
>someone double spends
>my script sees the double spend living in the now forked blockchain
>gee that's not suspicious at all. I'm going to keep trading like nothing happened

>>61333137
Thanks boardroom Jimmy

>>61331501
Based Party Rocker

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There is no technical reason for 95% of altcoins to exist and are purely pump&dump scams fueled by greedy speculation.

>>61333282
That is not how double spend works moron. Double spend doesn't live in a forked blockchain. You send X coins and then send yourself the same coins. Using a 51% attack, you validate the latter transaction and thus invalidate the former. You think double spending is having 2 transaction of the same coins go through? What are you? Retarded?

>>61333271
Good luck auditing a blockchain that is owned by the attacker moron. What are you going to do? Personally call the input and outputs and tell ask if they sent the coins to the correct person? How about you KYS?

>>61330278
Weak hands first dip.

>>61331262
>Coin we're dev meme something price rises and it was all a prank no thanks

ETH, much like BTC, is too slow and inefficient to be used as a payment method. So in practice it's much more expensive than credit cards.
Same with distributed apps, which are a convoluted and inefficient mess.
Also there's no privacy/anonymity, because all transactions are public and all conversions between fiat and btc/eth are heavily monitored.

So bottom line, this shit doesn't really have any utility and it's practically a get rich fast scheme.
This means the bubble will eventually pop for good, but we don't know when, it could still be many years.

>>61333345
>he doesn't know about blockchain explorers
>he doesn't understand that 100% of the data needed to detect the attack is completely public

>>61333379
>Still treating Ethereum as if it's meant to replace fiat currency
It's a distributed computing network idiot. Nobody involved with the project is pushing to have it used as fiat currency. ETH is meant to be used as payment for running programs on the distributed computing network. Nothing more.

>>61333384
>he doesn't understand that 100% of the data needed to detect the attack is completely public
Are you fucking retarded? Please please please. Stop sprouting bullshit you don't understand. You need to check yourself before you rekt yourself. This is embarrassing. You have already shown that you think a double spend is going to live in the blockchain telling me you think a double spend is actually 2 transactions of the same coins being the same. You are fucking stupid.

>>61333399
First of all I never said that. Second of all, if you are really such a fucking retard that you think it's 100% indetectable than that means that for all intents and purposes it doesn't matter. If it does matter, then that means it has a detectable impact. This isn't rocket science, retard.

I knew this shit was a meme after I "made" over 100% on my money, but only ended up with like 10% after all the network and transaction fees.

>>61333415
>I knew this shit was a meme after I "made" over 100% on my money, but only ended up with like 10% after all the network and transaction fees.
Wow, it sounds like you are an idiot. I made about 1000% and have only paid a tiny amount of fees.

>>61333390
>It's a distributed computing network
And it's slow, inefficient and pointless.
I've yet to see one (1) practical example that actually makes sense.

>>61333410
>First of all I never said that
>>61333282
Hurrrr durrrrr

> you are really such a fucking retard that you think it's 100% indetectable
I never said that you moron. I said that it was hard to detect and by the time it was detected they could easily have made way more than they invested.

Really it is fucking stupid that you think no one will attempt a 51% attack and the only thing holding them back is your words that it is soooooo stupid.

The moment they own 51%, they can hold indefinitely without pulling off an attack unlike with PoW. They can sit on it for years while it retains its value before making one big payoff. You don't seem to understand the implications of that.

>>61333447
>Hurr... they can sit on it for years and nobody will notice
If that were true than who gives a fuck? If it doesn't have any noticeable impact on anyone else than it clearly doesn't matter. However, this isn't true and people would notice, so you should probably shut the fuck up now.

>>61330278
>$185 for literally nothing
>dead
OK

>>61333466
>Avoiding my 2 former points
Nice try retard. I see I am right about those then.

>>61333466
>However, this isn't true and people would notice, so you should probably shut the fuck up now.

>However, this isn't true and people would notice, so you should probably shut the fuck up now.
Lmao. How? Really tell me how? Explain it to me. I mean all you have done this entire argument was sprout hyperbole. Nothing technical. Nothing with theory. Just hurrr durrr it won't happen. It will be detected. People will find out. It will crash. But never a how. Ever. Why? Cause you are a fucking moron that is why.

>>61333489
At the end of the day there are 2 scenarios which fit into what you are saying

A: Nobody will notice, meaning it literally doesn't matter because it will not impact other people
B: People will notice, meaning it does matter because it does impact other people

Pick one, retard

>>61330311
What are you doing to poor kawaii anime girl!? you savage animal!

>>61333502
Again back to your hyperbole. Again with your scenario A or B.

How about C?
People will be slow to notice but by then their ETH will all be worthless because the network has been compromised and the attackers made off with literal billions and billions?

How about that?

>>61331182
Don't use money you need. Whoever followed this rule is fine. It will most likely go up again so playing the waiting game is the best strategy now.

>>61333515
No, that is scenario B. If it is something which impacts other people, they will notice. If it's possible for them to notice, then you would hav e to be a fucking retard to gamble billions of dollars on them not finding out right away.

Just like when people thought Bitcoin was a joke and crashed. Yeah... wish I still had those bitcoins right now.

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Not a biz major so correct me if I'm wrong but wouldn't now be the best time to buy in?
I think many, especially those who missed out on the BC train, would take advantage of the current situation to jump into the market.

>>61333557
>Not a biz major so correct me if I'm wrong but wouldn't now be the best time to buy in?
Yes. Buy low. Sell high. Pretty basic. Most people tend to instinctively do the opposite though.

>>61333535
Are you retarded and have no begun speaking in scenarios which have no link to what is being discussed?

Of course over a period of time people will notice a 51% attack but by the time they notice a 51% attack, the damage would have already been done.

Seriously, you have shown yourself to be unknowledgable about the dangers of a 51% attack and even basic stuff like what is a double spend.

>then you would hav e to be a fucking retard to gamble billions of dollars on them not finding out right away.
One question. Tell me what is in place to let them find out right away?
I already know the answer. You don't have an answer. Fucking moron.

>>61331436
Yet this is the board where manchildren are mad at said distributed computing network for driving up the price of gaming GPUs. BUT MUH GAMEZ!!! grow up

>>61333555
Bitcoin IS a joke. Technically it has no reason to exist.
But the thing is that enough people believed the joke and so now you can make money with it.

>>61333575
Sure thing, Shlomo.

>>61333555
>>61333575
>Farmed like 30 bitcoin when they were 1 dollar apiece
>Spent them all when they were 15 dollars thinking I fucking made bank
I still hate myself today

>>61333415
>but only ended up with like 10% after all the network and transaction fees.
what? did you trade it back and forth between usd and btc 80 times? you must be some kind of retard

>>61333585
I don't know who's the Shlomo here, pal.
Bitcoin as a currency is awful. Even if we ignore the enormous electricity costs and potential centralizing issues, it's really poor when it comes to privacy and anonymity, especially if you didn't mine the BTC yourself.

>>61330278
> CRUMBLING
Tumbling.

Buying LTC is the only reason I haven't lost a ton of money

Thanks LTC

>>61333485
TRUE

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>Bitcoin mining controlled by 4 Chinese companies
>all transactions are public
>all exchanges heavily monitored by state agencies
Wow, so decentralized, so much better than fiat. Fight the system, dude.

>>61333693
Deposit it into an exchange.

>>61333693
Hence the need to move to PoS so that the jews can regain control.

>>61333557
>wouldn't now be the best time to buy in?
NO, it's an awful time to buy, as the price will now be headed steadily down for a long time
buying in now is gambling, you could make a few percent by shorting but serious money is made long, and the current climate for long is AWFUL

>>61331764
>barely-a-dip.jpg
That's a logarithmic scale graph you fucking pajeet

>>61333725
Nah dude I just sold at 204 it's gonna moon now

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I genuinely feel sorry for all the people that have just lost over a years worth of their salary and are now most likely gonna have to sell off their wares.
Lets pray they don't kill themselves

>>61333352
Monero is in the top 10 list

Is it worth it to mine with nvidia gtx 6xx series cards?

I can get 3x 680 for free and mine some altcoins if it's worth it.

>>61336515
pls respond

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I dream of the day cryptocurrency dies so that /biz/ can actually discuss business instead of toys just for once.

>>61332031
>tfw you just have to mine for 3.5 months to reach BEP
>tfw you have many months spent not mining and instead going pleb route and sell your card just like that

this is why you'll always be a poorfag

>>61330278
>ponzi scheme app (aka dapps) platform is dying
kek

>>61332930
>25 MH/s
My 390x does 31 MH/s. But I can only mine enough for about $1-2/day profit after energy costs.

>when your meme currency crashes but it's OK because you're investing in a new one then your meme currency crashes but it's OK because you're investing in a new one then your meme currency crashes but ...

>>61334817
how's monero doing? and how's the mining difficulty compared to ETH?

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Already going up again so yeah... The price fluctuates. Nothing new. Some speculators made some money today.

>>61337815
>Dead cat bounce.
Hold onto your butts gents.

>>61337764
I've never mined ethereum before, but I'm mining about 1 coin a month on an i7 and xeon.

>>61336515
Probably not unless you get free electricity

>>61333627
Good idea let the big jew bankers control your money and see every transaction you make

>>61333627
Monero solves this issue. It's 100% private.

I'll make a threat at new years eve rememberin you dumbs about this and laughin on a Lamborghini with two beautiful hookers.
If you want this future come with me my angel, buy a entire coin while you can, cause later you'll be able to buy some changes only.

>>61337936
What the fuck. Are you sure? You wouldn't lie on the internet, would you?

>>61337936
Bs. Getting 0.4 month or less r9 390

>>61340110
I'm mining monero, not ethereum. You can get 1 monero coin a month on about 700 h/sec

>>61333627
electricity is used to generate coins, that's what they represent, copious amounts of electrical power, if they weren't difficult to generate then they would hold zero value dumb dumb

>>61340186
I'm using xmr-cpu-stak and I compiled it myself in linux. Mining with a gpu is a waste these days.

Can't wait for the card prices to drop

Will i finally be able to buy a GPU?

>>61340307
Not yet, pre-order a card if you get the opportunity and can beat all the miners

>>61337721
I have to justify running 20 video cards 24/7 I bought with a 250% markup some how!

>>61340463
justify to who?

>>61340505
My self. And convince my self this isn't a bad investment.

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>>61340436
I got a cars on back order for cheap instead of playing the refresh game. Rx 580 8gb nitro for $215. May arrive in month but that's okay, sold my 480 nitro at a profit. If eth hasn't crashed yet Ina month I might sell the 580 at profit too, busy with summer projects around the house atm.