/biz/ - Business & Finance

>>28980118
Lol

30k EOY, with 15k fees to move ETH between wallets, and 150k fees to buy and sell ERC20 tokens.

I'm making $6k a month from ETH mining. If ETH 10x, I would be mining $60k a month. Should I keep doing what I'm doing?

>>28980158
rugpurr

>>28980118
thanks for the sell signal

Get fucked, Ethkike!

>>28980229
What rig are you using?

Also, EiP will come in June, which will remove ALL miners from the network. The fees will go to the stakers in ETH 2.0 instead. They will be distributed among them.
So, if you cant afford 32 ETH right now (minimum required for ETH 2.0), you better drop it. Its a elitist corporative coin, made for the usual anglokike /pol/tard.

>>28980329
30 5700xts and 8 rx480s

stack this retard

>>28980408
What's the electric cost per month? Might look into mining.

You should be an ETH mini. Transaction fees are already unusable.

>>28980777
Yeah but normies only know BTC/ETH/LTC.

>>28980408
Damn thats expensive... I might try it with a few 1070s, a friend says he makes 300 a month with 5 which is good money for europoors

>>28980229
Yes - Save your ETH and stake.

>>28981148
So all my money into these rigs? I missed GRT but I got the cards at a cheap price.

Anyone have that following trend graph where the pink wojak buys high sells low?

>>28980118
>I predict $20k EOY.

>>28981031
damn that is good money for a closet rig.

>>28980777
I agree. I’m think about just going all in litecoin or dash desu because fuck Eth

>>28981400
Do you already have the rigs? If so, yes you should be mining ETH right now because it's never been better. You should save all your ETH and immediately stake it.

If you don't have the rigs yet, you're better off just buying and holding. EIP-1559 will reduce miner fees. The base fee will be burned and since gas fees will now be standardized, people won't overpay like they are now.

>>28981627
>litecoin
that bet is entirely on atomic swapping/ lightning and shopping cart adoption. but the thing is....with capital gains taxing, that swap isn't that great. People will *sell* bitcoin, not spend it.

>>28981635
My bro has 5 rigs. I'm going to buy 2 rigs and ask him to build a third one.

>>28981765
Eth is such a piece of shit I don’t even have enough to swap these shitcoins

>>28981849
Should I do this? Or put the third rig money into other altcoins and keep the two rigs?

>>28981849
How long would it take you to net out? Eth1+Eth2 merge is happening this year. You might only have ~9 months left of mining.

>>28982591
I can sell the rigs on ebay for as much as I bought it for. ETH will probably reach $20k by then. I can then move onto real estate.

>>28982591
depends on the electricity costs
i should break even on my rtx 3080 in less than 4 months assuming ETH doesnt shit itself

>>28980118
I predict 3 to 5 k then it tanks because it is unscalable garbage with no cap limit and insane fees.

is it worth stacking my 5 full ETH coins or just hodl? btw bought all 5 in March right after the crash for under $200 per ETH.

>>28982013
>shitcoins
thats your problem not ETH. Its fine though, you got priced out is all. That is just pointing to how powerful ETH actually is, people are making money paying $400 for an automated computation and a swap. When you look at trading on foreign exchanges, brokerage fees of $50+ are pretty common.

>>28980672
Answer the question you fucking peasant

>>28980118
What would happen to the PC market in that case?
People would be mining on their phones and I would sell my RTX 3070 for a car.

>>28982591
Why? Can you not mine ETH2?

>>28982979
variable wholesale rates can be as low as $0.01/kWhr.

5k eoy, 10k of 2.0 is live

>>28983068
eth 2 is staked, need 32 for a node, but there's other ways to stake

>>28980118
I am bouncing between now and $2000 into other cryptos. ETH gas fees are gonna be the ETH killer, and people are gonna stop buying.

$200k fee to move $10k by 2022.
Cant afford it? Seethe more, you are a poorfag.

>>28980118
easy

>>28983529
So you can't mine it? What will miners do?

>>28984051

Probably move to Conflux network or Ravencoin

>>28983068
No. Eth2 uses proof of stake. It uses validators instead of mining. Validators require staking your ETH as collateral instead of performing computationally hard tasks to secure the network.

>>28983558
Anyone that thinks gas fees are going to kill ETH really don't understand why the price keeps rising. Hint: it's not because of swapping shitcoins on uniswap.

>>28984051
They'll go mine something else. Or they'll sell their rigs and stake ETH instead.

>>28980118
Eth maxi checking in, I'm predicting 10k EOY

>>28981031
So assuming electricity is free he would be making money in a little over 6 months.

>>28984243
>>28984178
So as a Europoor I suppose I should just keep mining it with my 3070 and hodl until 2.0? Move out of eth once 2.0 comes?
What's the best way to profit from this?

I bought my 3070 in november for 500 bucks. Fucking best buy of my life.

>>28980118
It won’t be end of year it will be at the peak of The crypto mania whenever that is. We will graze 20k and then crash horribly and your arsehole will be rekt because you sold at 15 and fomo back at 19

>>28984644
If you want to maximize profits you should be staking your ETH now. You can earn 9% on your ETH atm. The caveat is it's completely locked away until the eth1/eth2 merge.

When will it drop again to 1.5k again? I’m trying to buy more

Having your portfolio mostly in eth is pain personified.

I'm a ether maxi bought my whole bag at $45 in 2017 still very comfy have 100k of ETH

I have 20k of USDC loaned against it and have been using that in alts, it's 65k now and my liquidation point isn't till $450 ETH

>>28984820
Thanks.

>>28984888
It's up 400% in 3 months. You newfags are insufferable. Go chase shitcoins.

>>28984820
why bother with that, just put some USDC on celsius for 12% and take it off whenever. i think they do like 6-7% for eth, but same thing, take it off whenever you want. i'm wary as fuck of staking anything and being unable to take it back

>>28985051
my only regret last year was holding too many alts, in September I was up 80x on some alts and sold 30% but I should have sold way more into Ether

these new investors are going to get wrecked holding shit that will go down 99.9% lol

>>28982958
This. You are priced out and relegated to trading coins literal pajeets shitting in their hands are shilling. That is no the fault of eth.

>>28985119
>12% on USDC
>9% on ETH
Do you really need me to explain why there's a much larger upside to ETH here?

>>28985310
I've got some other holdings but consolidated hard when ETH2.0 hit. I've got over 1k ETH staked and it's comfy as fuck. Nearly made 30 ETH at this point sitting on my ass eating cheetos.

>>28980407
Why is the 32 Eth necessary? Europoor student stking 1 eth on binanxe right now.

>>28986023
That's the minimum to run your own node. You can always stake with less using a pool.

>>28985051
I bought ETH last year we're still 2x down on where we should be =.=

>>28986775
>bought ETH last year
Enjoy your profits fren. Chasing gains is a good way to get caught with your pants down.

>2x down where we should be
plenty of room for growth

>>28980118
relative to btc?

>20k

>>28985890
yeah that's my plan also I'm 50% eth
50% alts but once we have a blow off top I'm going 75% eth and waiting for another alt dip I think we will see a few different peaks and then some months were alts dump during this bull run

>>28980229
Fellow miner bro. I'll help you out.
Save the ETH, continue mining until ETH 2.0 (realistically before its out). Since we're going to PoS system, PoW won't be possible. Take a small chunk for profit just in case if tax man comes knocking, and stake the rest. You won't make as much (theoretically) but it's better than nothing.
Alternatively, if you don't want to trade, use those gains once ETH staking dies down (or now) to:
- buy a darknode (REN) (100K REN)
- buy and delegate GRT around the time of ETH 2.0, they'll be relevant more than ever then
- if you need to tether, follow RAI (https://reflexer.finance/)), it will likely be the new go-to and you can see a bunch of whales have already pooled there (https://reflexer.finance/))
- buy 50K Everest (ID) if you can, sooner rather than later. 365 days is guaranteed 40% APY (https://everest.org/))
I would also suggest taking a look at XOR (will be used for Polkadot).
Cheers.

I was an ethcmaxi for a while now I think dot is going to take over once parachains go live. Looks at kusama... Thinking about selling soon, or flipping for dot desusenpai

>>28989193
t. one cool Milli poorfolio by the way

>>28980118
Sure why not? You can also support 0xBitcoin.

>>28980306
Chink spam

>>28984178
>Hint: it's not because of swapping shitcoins on uniswap.
can i get a quick rundown of why it's still going up?
you've got things like ada and dot and avax coming into the smart contract space and they seem to be a lot cheaper and/or faster

>>28984998
Post proof. You bought $4.5m worth of eth in 2017?

It can't fucking scale!

>>28990531
its in a supply crisis and getting worse (or better if you already have a stack)

>>28991010
yeah i've got a nice stack (almost 600) but i wonder if it'd be sane to split it 3 ways between ETH/ADA/DOT since all three compete and would offer staking rewards
honestly if i didn't have to pay insane tax i might have already done it, but then again this is eth i've bought at 15 dollars and held all the time so selling after all this is a struggle

>>28984998
he probably means 100k USD in eth

Next cycle is ETH 2.0. This cycle is for BNB and DOT imo.

>>28991010

>its in a supply crisis
not doubting you, but source?

>>28987293
10/10, would fuck.

>>28980672
It’s too late to jump into eth mining

>>28982691
Yeah you and every miner had this idea, the price of gpus will floor

>>28991722
i guess because grayscale is buying up a lot and more is going into 2.0 staking contract

>>28980118
L2 is required before it can do any exciting price discovery. This is because the gas fees are too prohibitive to flood the space with money printer go brrr (((yield farming))) to swap around and pump ETH with. It'll collapse on itself if it happens too early and so it self-corrects.

Now if L2 comes out just before the ADA ICOs and DOT parachain auctions, then sure. If it lags those by too much, it'll hit on the summer lull and ADA and DOT whales will take profit first. Also add in BNB since they managed to milk Reddit via DOGE for enough liquidity to make themselves relevant.

>>28994771
L2s are already out. It's just a matter of whether people choose to make use of them.

>>28980118
I'M GONNA COOM...
I JUST NEED, 5 OR 10 MORE MONTHS... JUST GIVE ME SOME TIME

ETH is the only coin that will come crashing back to earth when other chains like ATOM DOT AVAX ADA XTZ etc take off. Not every smart contract chain will be a winner but for the ones that are they will rise, ETH will fall till they meet in value and then all will continue to rise, assuming gas fees get fixed.