"Ohh haha haha hahahaha lets get enjoyment from other peoples misery and completely lose any humanity we might have had. No sympathy here!".
What I thought. This can be devastating to many, some of whom may have lost everything they own. Financial ruin can lead many to suicide (Madoff case anyone?). Whatever anyone has against bitcoin, I do not take pleasure in seeing what could be misery and devastation for some.
If it sounds too good to be true, it probably is.
What I find ironic is some of the same people who advocated for Bitcoin because it was 'anti government' and 'anti establishment' lost their money and their first call for help was to ... the same establishment they claimed to be so adamantly opposed to.
This was never going to work out well, no doubt there was (and is) money to be made but you'd better be damn sure you have a chair when the music stops.
Just as an aside, there is absolutely no reason to revel in the misfortune of others, they were not harming anyone, just trying to make some money (and who doesn't want to make money these days).
People who keep their cryptomoney in nicehash are probable the one who just wanna mine while they are not gaming or using their pc. An average 1060gtx mines like 1€/day with nicehash. The really serious miners have a cold offline wallet and don't use NiceHash, so don't think the bigger players got screwed.
Like Aura89 said, I don't know what all the hate is all about... It's just a business as any other, only that some people are so narrow minded that they don't accept the future. It is probably a bubble which will burst sooner or later, but little by little the blockchain technology will be implemented in almost everything.
Is it because you cannot get your gaming gpu at 300€ instead of 400€? Maybe AMD and Nvidia should implement some form of restriction on their GPU to stop the mine craze? But with all the money they are making, I don't see this happening anytime soon...
tl;dr stop hating on people and grow up.
It's funny, because you're stating it like it's already a done deal. As if hacks haven't happened before, as if this has affected bitcoin (let alone any other cryptocurrency out there) at all. It hasn't, in fact, bitcoin is almost worth $15000 ($14,985.80 as of this post).
Hacks happen, not just to cryptocurrency. Sure, there's FDIC insured banks, but that doesn't change the fact that people still lose all their money, non-cryptocurrency money, due to hacks, due to identity theft, due to simply being robbed, or having it all burn in a house fire. People lose their entire life savings and are devastated every single day for various reasons, it is not exclusive to cryptocurrency.
So it's funny how people continually say something won't work out, or something will never get past (insert number here). Or something will end in (insert months here). As if they actually think they can know the future.
I know for certain, i don't know what will happen in the future. Could all of cryptocurrency blow up like it has in the past? Possibly, and it'll possibly rise back up, like it has again and again. All possibilities. Could it also continue, since it has so many other cryptocurrencies rallying behind it this time, unlike the previous times? Also possible.
What do we know about what will or won't happen in the future?
Absolutely nothing.
Stop fooling yourself and others into trying to predict the future and play it off as fact and/or a done deal.
No one knows what will happen, no matter how much you want to fool yourself.
If the nay sayers were right, who continue to be nay sayers time after time after time, bitcoin would never have made it to $10, and it wouldn't have lasted a year. Maybe think about those facts before trying to tell people what will and won't happen, again.
Here is my oppinion and why I hate all this happening around cryptocurrency mining.
From my post #7 you can see that recently I refused to help a friend to build his first mining rig and here is my reason why... Another friend of mine is living in another town. Some 5 or 6 ago he had a well paid job in army, he was married, stable life and incomes, no children yet because he and his wife they were freshly married. Then he started to mess around with mining, he quit his regular job iirc some year ago later, spend quite a lot of time and money on whatnot related with mining. Later down the road mining bubble had burst, he sell most of his mining stuff and decided to quit mining... but he wasn't. Few weeks or monts later not sure when he started with mining again later mining bubble had 2nd burst. As a result his wife left him, they divorced, she was a very nice person and I blame only him and his mining madness because she left him and the only thing I was "happy" about is that children weren't involved: they didn't have any, guess he didn't have a time for kids because of his mining obesession. Last year he started with mining again, for the third time, he is with another woman now, not married and maybe it's better that way, looks like she is also a nice person but can't say much because so far didn't meet her. Is he doing OK now mining wise I really don't know and I don't want to know because I avoid to talk about it and honestly I was a bit dissapointed in him after his 2nd mining fail after his wife decided it was enough and left him. We're still in touch about all kinds of things but we never talk about mining anymore. Wish him all the best in his life, but I don't want to see him ruin his life once more.
That's why I refused to "help" my another friend because don't want to see him going the same route like that dude above.
People give too much hate toward cryptocurrency.
We have to experiment it. There so much society can learn from it.
What our future currency should be?
Would it be possible to have global currency?
This is not a cheap experiment, and lots of people consume electricity for it. But they just haste it, means we should know result soon(tm).
Just because it's too confusing for you, doesn't mean you have to reject it.
No and who's the victim here?
People who want to enjoy gaming but can't afford an overpriced Videocard due to mining.
**** this shit, it's needs to die.
No and who's the victim here?
People who want to enjoy gaming but can't afford an overpriced Videocard due to mining.
**** this crap, it's needs to die.
No and who's the victim here?
People who want to enjoy gaming but can't afford an overpriced Videocard due to mining.
**** this crap, it's needs to die.
Wow, way to be selfish.
"Oh boo hoo, people are buying the thing i want, making the prices go higher, so DEATH TO WHATEVER IS MAKING PEOPLE BUY THE STUFF I WANT!"
Seriously, wtf is wrong with you people?
Legitimate question:
WTF IS WRONG WITH YOU PEOPLE?
Here is my oppinion and why I hate all this happening around cryptocurrency mining.
From my post #7 you can see that recently I refused to help a friend to build his first mining rig and here is my reason why... Another friend of mine is living in another town. Some 5 or 6 ago he had a well paid job in army, he was married, stable life and incomes, no children yet because he and his wife they were freshly married. Then he started to mess around with mining, he quit his regular job iirc some year ago later, spend quite a lot of time and money on whatnot related with mining. Later down the road mining bubble had burst, he sell most of his mining stuff and decided to quit mining... but he wasn't. Few weeks or monts later not sure when he started with mining again later mining bubble had 2nd burst. As a result his wife left him, they divorced, she was a very nice person and I blame only him and his mining madness because she left him and the only thing I was "happy" about is that children weren't involved: they didn't have any, guess he didn't have a time for kids because of his mining obesession. Last year he started with mining again, for the third time, he is with another woman now, not married and maybe it's better that way, looks like she is also a nice person but can't say much because so far didn't meet her. Is he doing OK now mining wise I really don't know and I don't want to know because I avoid to talk about it and honestly I was a bit dissapointed in him after his 2nd mining fail after his wife decided it was enough and left him. We're still in touch about all kinds of things but we never talk about mining anymore. Wish him all the best in his life, but I don't want to see him ruin his life once more.
a) Your friend DIDN'T have a well paid job in army, stable life and incomes
b) He is a moron
It's either a) or b), or both. Blaming mining for either is nonsensical.
I actually had a farm for mining back when it all started, spent 2k euro on it, wasted lots of time, sold all the stuff several month later to pay for initial purchase cost and electricity bills. Never again, just another bubble in my opinion that will soon pop.
Sure there will be lucky ones that make a nice grab during growth period, however that happens in any pyramid scheme. And the way it grows right now in value, imo, is a good sign of an upcoming - pop.
I actually had a farm for mining back when it all started, spent 2k euro on it, wasted lots of time, sold all the stuff several month later to pay for initial purchase cost and electricity bills. Never again, just another bubble in my opinion that will soon pop.
Sure there will be lucky ones that make a nice grab during growth period, however that happens in any pyramid scheme. And the way it grows right now in value, imo, is a good sign of an upcoming - pop.
Not only you've lost the time or the money or both, but
If you had converted your mined mickeymouse coins to BTC back then and kept them, today you'd be up something like few tens of thau $$ easily.
I don't mean offense by this, but...
your own track record says your crypto predictions are less then stellar.
Wow, way to be selfish.
"Oh boo hoo, people are buying the thing i want, making the prices go higher, so DEATH TO WHATEVER IS MAKING PEOPLE BUY THE STUFF I WANT!"
Seriously, wtf is wrong with you people?
Legitimate question:
WTF IS WRONG WITH YOU PEOPLE?
Wow, somebody's triggered... did you lose some coins there?
a) Your friend DIDN'T have a well paid job in army, stable life and incomes
b) He is a moron
It's either a) or b), or both. Blaming mining for either is nonsensical.
a). Yes he did, not many people working for army here have a decent salary (most of them actually don't), but he was one of the rare ones who was WELL PAID backthen. On the other side really don't know if he was satisfied with that job but personally I know many people here who were doing the same work outside the army earning 2x, 3x less compared to him. Not sure but there were rumors going arond that actually he didn't quit his job but instead he was fired, few people told me that months before he "quits" his army job he was absent on his regular army job, "sick-leave" or whatever and on a routine check by army representatives while he was "sick" they found him at home perfectly healthy doing "something else", guess what...
b). I agree with you on that one. He had gambled and lost not once, not twice but thrice: 1st minig fail, 2nd mining fail and 3rd fail when he lost his wife, stable life and God knows what else. Don't want to see him ruining his life once more and possibly life of that lady besides him.
So don't tell me mining isn't related with his problems in past 5 or 6 years. Mining is nothing more than a way of gamble, miners don't have almost any control what's going to happen next and when the bubble is going to burst again and when it happens, and it's going to happen for sure, lives of many miners are going to slide down the hill and not just their but also lifes of people around them, depending on them.
Sure mining is a sort of gambling. As any stock trading operation.
So if he just lost his job, what's he supposed to do? He tried mining, and failed. Why?
Proly because he should have gotten/kept the real job, and because the complexities involved in crypto are above his level. Mind you, no one can tell you 100% sure the price of commodity a year from now.
But predicting 5-6 years ago when he had started, that BTC would explode upwards was a relatively safe bet. If you didn't see that much, stay the F clear from mining. Better yet from any gambling.
Your friend was not pressured by some predatory marketing that made him go mining; such was his situation, his life, his (bad) decision.
If he had spent his mining operations money to buy BTC directly, today he would be laughing at you. He tried, he failed, c'est la vie.
BTW:
Him quitting the job in order to pursue mining makes no sense. If there is something you can do on the side, without having to quit jour job, it's fvking mining.
Thats the whole idea and the lure: very little effort is needed compared to a real job.
Wow, somebody's triggered... did you lose some coins there?
Way to read a thread. Maybe read next time before posting?
Aura89:
INB4 someone says "oh you're just upset that you lost a bunch of bitcoin/money!"
...No? I don't own any bitcoin or use nicehash, so...no? You guys are just sad, simple as that.
The only people raging here are the ones celebrating people losing money for their own selfish gains. You people are the definition of horrible.
If that's too confusing for you, i'll explain it:
GPU mining becomes profitable ---> People start buying GPUs ---> Price of GPUs goes up due to it ---> Selfish, horrible people decide to rage about how their GPU prices are above MSRP and start, quite literally (you can look through past posts within this forum on different topics to confirm this) hoping the people who mine, die. Yes, this has actually been said by people. ---> A bunch of people lose money on a mining website called prohashing via BITCOIN Which need i remind you, has literally NOTHING to do with GPU mining, because people do not GPU mine BITCOIN ---> Those same raging lunatics decide to come in here and proclaim their love and enjoyment for the fact that people just lost a bunch of money.
If your own point of coming into a post like this is to proclaim how joyed you are that people just lost a bunch of money, i have a template for you to use. Just copy and paste it and show what you really mean:
"A bunch of people just lost a lot of money dealing with bitcoin? SWEET MOTHER OF GOD! Christmas came early! I am so happy these people lost money! I literally could not be happier that people had money STOLEN from them! Maybe this is a sign of things to come? I don't know anything about cryptocurrency, but hey, it's all the same, right? So, that means that if bitcoin had an issue, maybe it'll die off soon? People mine bitcoin with GPUs right? Totally, that's what it's used for, people are TOTALLY buying GPUs to mine Bitcoin, so since Bitcoin had an issue, and maybe it'll go away, maybe i can buy a GPU at MSRP! YEAH! FINALLY, I AM SO FRICKEN HAPPY that these people had money stolen from them SO I CAN BUY A GPU!
Yayyyyy i have no compassion!"
^ Copy and paste it. Do it.
Steam accepted bitcoin? since when?
And honestly, that's not surprising. If they were to support anything, litecoin would be the better option, for fees sake.
As well, to the rest of this forum (well, most), wow you guys are pathetic.
Like, REALLY pathetic.
.
For me there can be mass suicide.
I have no sympathy for a person who, driven by uncontrolled greed, consumes the equivalent of 100 people.
Vampires of electricity inflating the market as a whole, after all, everything depends on electricity.
Way to read a thread. Maybe read next time before posting?
Na sorry, can't be bothered to read your tl;dr rage against others raging.
Yayyyyy i have no compassion!"
^ Copy and paste it. Do it.
There you go, I hope that helps to calm you down a bit. You seem awefully enraged by people's opinions.
Sure, saying miners should die is wrong, but people investing into something that's not backed by any real security measures or real world worth is risky.
No tears, wrong investment, happens in the financial world. Can't be bothered about GPU prices though, part of the deal and AMD's decision to make their cards excellent ethereum mining devices.
Maybe someone can explain this to me, I thought the whole deal behind cryptocurrency was supposed to be that it's decentered, so that it could not be brought down easily or controlled by a single "person"...
What sense does it make to put such a huge sum of coins / worth in a single place again then?
probablyis. What I find ironic is some of the same people who advocated for Bitcoin because it was 'anti government' and 'anti establishment' lost their money and their first call for help was to ... the same establishment they claimed to be so adamantly opposed to. This was never going to work out well, no doubt there was (and is) money to be made but you'd better be damn sure you have a chair when the music stops. Just as an aside, there is absolutely no reason to revel in the misfortune of others, they were not harming anyone, just trying to make some money (and who doesn't want to make money these days).