hat
Enthusiast
- Joined
- Nov 20, 2006
- Messages
- 21,732 (3.41/day)
- Location
- Ohio
System Name | Starlifter :: Dragonfly |
---|---|
Processor | i7 2600k 4.4GHz :: i5 10400 |
Motherboard | ASUS P8P67 Pro :: ASUS Prime H570-Plus |
Cooling | Cryorig M9 :: Stock |
Memory | 4x4GB DDR3 2133 :: 2x8GB DDR4 2400 |
Video Card(s) | PNY GTX1070 :: Integrated UHD 630 |
Storage | Crucial MX500 1TB, 2x1TB Seagate RAID 0 :: Mushkin Enhanced 60GB SSD, 3x4TB Seagate HDD RAID5 |
Display(s) | Onn 165hz 1080p :: Acer 1080p |
Case | Antec SOHO 1030B :: Old White Full Tower |
Audio Device(s) | Creative X-Fi Titanium Fatal1ty Pro - Bose Companion 2 Series III :: None |
Power Supply | FSP Hydro GE 550w :: EVGA Supernova 550 |
Software | Windows 10 Pro - Plex Server on Dragonfly |
Benchmark Scores | >9000 |
Most people today seem to be in the "crypto is only viable for investment, not mining" boat, which makes crypto for all intents and purposes no different whatsoever than buying stock or bonds or any other item with a mutually agreed-upon value. And, again, considering that this immediately means the "market" will be controlled by risk-averse, greedy, gambling addicted financiers (seriously, you know of shorting and all the other actual, indisputable bets they rely on to make money, right?), which again means that you have zero control. Again: this is gambling.
I don't understand this group. Sure you can invest and play the market, but you can also instead of investing say $500 in crypto directly, you could instead buy a GTX1070 and mine. Sure, it'll take about 9 months at the current rate to hit ROI (and this of course can go up or down). But then, you'll be in the black, and you can play the trading game all you want with what you earn from it, and the card continues to mine and earn more.
I suppose the idea behind that is it's quicker to earn just playing the trading game... but I chose the long road, I guess. The trading game is also riskier, I think. Even if the market devalues, you can still mine and earn something...