Mining

Am I CRAZY for BUYING more GPUS for MINING!?

Am I CRAZY for BUYING more GPUS for MINING!?

#CRAZY #BUYING #GPUS #MINING

“The Hobbyist Miner”

In today’s video you will learn about Am I Crazy for Buying More GPUS for Mining during this Wild Bear Market? I will be honest, I was not planning to spend money on Graphics Cards right now, however the right deal presented itself and I pulled the trigger. In this video your going to see what…

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46 Comments

  1. Still running about 24 gpus on 3 rigs and one gaming pc. Bought 6x3070s ,2×3060,7x 6600s,a 6700xt and a 4070 in the last 2 years. Things are so much cheaper but I try to keep computational power at or above the 3070 level.

  2. I think you have to ask yourself if there's value to be had in the joy of mining itself. Right now let's face it, nothing is super profitable. I mine Meowcoin just for fun (and part of it goes to animal shelters / charities) but at the end of the day I actually enjoy the hobby of micromanaging hardware to mine coins. It's the same to me as people who have model trains, fish tank people, gardeners, arts and crafts, etc. It's my hobby I enjoy so for me buying more GPUs is 'worth it' but financially it may not be worth it in the current climate.

  3. Still struggling to afford everything for my first GPU open air. So far I’ve bought a rack, risers, and cables all from GPU Risers, and a B250 board with cpu and ram. No GPUs yet. Sell me a few of the asics piled up in the background not being used please! Or if you ever want to donate any gear, I’m ready πŸ˜‚

  4. Ive been buying all year. Every month Ive bought Gpu's new and used, PSU's, mining frames, CPU's, mining mobo's, 128gb and bigger SSD's and other odds and ends. I sold off all of my RX580's last year when I was getting $200 or $300 for them. Im now buying RX580's for $50. πŸ˜› Im stacked with 1660 Supers and 1060 mining cards. Buying 3060ti and 3070 series now when the price is right. We are in good times right now.

  5. The trends before the last two bull run are uncannily present right now. If we are to believe that a bull run comes about a few months after the halvening, this would be the time people would be avoiding GPUs because they think they are useless due to ROI (always wrong b/c market is not static) is "never". Some of the people who bought GPUs at this time for mining were called names and made fun of – but these people thrived when the bulls came back. This was the time in the previous 2 bull runs when GPUs were plentiful and being sold new under retail and just prior, GPUs were being scalped. Also at this time, some of the people that thrived were buying up cheap older ASIC miners. During all the previous bull runs, the world went insane – and 6-year old hardware was going for 3x or more original retail – but during the bear market, they were discounted to 10% or even 1% of their original MSRP. It's uncanny how this is repeating itself. You are not crazy if this plays out like it did before – you would be one of the clever ones. If the bears stay forever, then you are absolutely insane.

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