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  1. #21
    ryanw's Avatar
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    Anyone still here mining or into cryptocurrency? I can answer questions about it to the best of my ability. My portfolio currently is heavy on Ethereum...which has been something to mine since 2018. The current De-Fi explosion has given Ethereum a boost, and moving to 2.0 will be a game changer...ETH just has to get there in a timely fashion. I believe the marketcap of Ethereum will surpass Bitcoin's sooner than later.



  2. #22
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    Quote Originally Posted by ryanw View Post
    Anyone still here mining or into cryptocurrency? I can answer questions about it to the best of my ability. My portfolio currently is heavy on Ethereum...which has been something to mine since 2018. The current De-Fi explosion has given Ethereum a boost, and moving to 2.0 will be a game changer...ETH just has to get there in a timely fashion. I believe the marketcap of Ethereum will surpass Bitcoin's sooner than later.

    From what I have heard, unless you have cheap (or free) electricity and the latest (expensive) GPUs..... it is not profitable. Or unless you have dedicated asci miners which are also expensive and always low in supply and hard to get.....

    Now if you are someone who doesn't want to MINE and just wants to buy crypto, that is super speculative and volatile. Ive been burned on it back in the last spike, but do still hold a bit just for fun. Its more of a fun curiosity that an investment since it can all go to squat in an instant. So can fiat currency I suppose but.... meh

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    Quote Originally Posted by kss View Post
    From what I have heard, unless you have cheap (or free) electricity and the latest (expensive) GPUs..... it is not profitable. Or unless you have dedicated asci miners which are also expensive and always low in supply and hard to get.....
    You're right, there are no riches to be had by the average user for mining crypto. You need to scale up to make it profitable, and have low electricity cost like hydro electric.

    Quote Originally Posted by kss View Post
    Now if you are someone who doesn't want to MINE and just wants to buy crypto, that is super speculative and volatile. Ive been burned on it back in the last spike, but do still hold a bit just for fun. Its more of a fun curiosity that an investment since it can all go to squat in an instant. So can fiat currency I suppose but.... meh
    Extremely volatile. Buy low, sell high. Buying during a bull run will get your burned. It depends on what a person wants to buy, but it's definitely more riskier putting money in right now than 6 months ago. We've started a bull run, and while a lot of people say that it should be going on much longer than this, I wouldn't trust anything. The safest thing would be waiting for this bull cycle to end, and buying in the midst of a bear market. I put cash into this before the last bull cycle, so I've rode it up, then down, and now back up again.

    I am/was much more involved than just buying for speculation, though. I had stake in projects that I was working with or contributing to. That was much more interesting.

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