Why a crypto price crash is great for miners! (Make more money by mining when the market is down!) - Sebs FinTech
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Date: 2022-04-19
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Comments and reviews: 10
Arturas1244
its simple economics, simply like this if people wants smth very badly they will buy, than price goes up, if people loose faith it goes down. Its same in everything if you stop wanting gold and everybody does the same people loose faith in gold and gold goes down. the problem comes this how much can it dip down. You see there is some place where people loose faith with no return in it, after that price crashes down to part of no return, it starts to go fast down, people try to sell or buy smth for it for it which makes it even faster dip to default. And boom your coin worth is 0. Once it crashes it wont come beck. If we loose faith in gold , gold becomes same as rock on ground
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its simple economics, simply like this if people wants smth very badly they will buy, than price goes up, if people loose faith it goes down. Its same in everything if you stop wanting gold and everybody does the same people loose faith in gold and gold goes down. the problem comes this how much can it dip down. You see there is some place where people loose faith with no return in it, after that price crashes down to part of no return, it starts to go fast down, people try to sell or buy smth for it for it which makes it even faster dip to default. And boom your coin worth is 0. Once it crashes it wont come beck. If we loose faith in gold , gold becomes same as rock on ground
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Shaner9er
I really appreciate your videos a lot of the money people on here just talk about hash rate and it's just like okay that's that's great I could look that up on the website man you give like analytical outlooks on all this stuff and that's really good I thought I was the only person sitting here making spreadsheets on profitability and versus like what I pay and versus the hatch rate versus this that and the other but apparently I'm not which makes me happy one because I'm not alone two you do a fantastic job at presenting it so thank you
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I really appreciate your videos a lot of the money people on here just talk about hash rate and it's just like okay that's that's great I could look that up on the website man you give like analytical outlooks on all this stuff and that's really good I thought I was the only person sitting here making spreadsheets on profitability and versus like what I pay and versus the hatch rate versus this that and the other but apparently I'm not which makes me happy one because I'm not alone two you do a fantastic job at presenting it so thank you
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Gabe
Bit off topic with this video, but what would your 3060 setup look like(mobo, psu, processor)?
I have 5 3060s and im willing to add more and as many as possible without killing efficiency and profit.
Really trying to budget and stay future proof if I switched out new gpus like the 40 series if they seem good later.
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Bit off topic with this video, but what would your 3060 setup look like(mobo, psu, processor)?
I have 5 3060s and im willing to add more and as many as possible without killing efficiency and profit.
Really trying to budget and stay future proof if I switched out new gpus like the 40 series if they seem good later.
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Thiaga
thanks for your views. I am mining at 185Mh/s but i dont see any improvement in getting the ETH payout faster infact it is taking longer time than usual speed to reach the payout. i understand the prices of ETH going down however the ETH earnings also is not increasing due to this
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thanks for your views. I am mining at 185Mh/s but i dont see any improvement in getting the ETH payout faster infact it is taking longer time than usual speed to reach the payout. i understand the prices of ETH going down however the ETH earnings also is not increasing due to this
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Blu
Yea game over man, These kids were mining crypto for $50 per day with one 3060 Ti in 2021 now its making them $5 per day. In few months once they realize its over the video card market will go back to normal.
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Yea game over man, These kids were mining crypto for $50 per day with one 3060 Ti in 2021 now its making them $5 per day. In few months once they realize its over the video card market will go back to normal.
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Scar626
I keep hearing you talk about selling your cryptocurrency.
Sell it for what? Real money? Real world objects?
Ah, well that shows you it's not the cryptocurrency want, but what it might get you . .
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I keep hearing you talk about selling your cryptocurrency.
Sell it for what? Real money? Real world objects?
Ah, well that shows you it's not the cryptocurrency want, but what it might get you . .
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Terrence
I mine an old rig with 6 x 1070s at break even (we pay 25 dollarcents per KWH here), but Ill keep mining till those either explode or flame out. Were at half of the ETH ath.
Hang in there.
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I mine an old rig with 6 x 1070s at break even (we pay 25 dollarcents per KWH here), but Ill keep mining till those either explode or flame out. Were at half of the ETH ath.
Hang in there.
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ArminUnterwegsDE
Hi Seb, great video. I would be very interested in an updated version of your chart ether mined per day per GH/s. Did you share that anywhere / can you update and share this? Cheers
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Hi Seb, great video. I would be very interested in an updated version of your chart ether mined per day per GH/s. Did you share that anywhere / can you update and share this? Cheers
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Ricky
Erm my reduced earning in daily eth as well as tanking earning in $ disagree with your statement. Do you even check facts before you shat these content out?
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Erm my reduced earning in daily eth as well as tanking earning in $ disagree with your statement. Do you even check facts before you shat these content out?
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it_industry
For weeks now!!! Im just so blessed with their support and services... please yall should take good advantage of this... they are the right source
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For weeks now!!! Im just so blessed with their support and services... please yall should take good advantage of this... they are the right source
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