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[chovy]

I'm mining NIMIQ (it is going PoS soon, so I'm mining as much as I can). Its not profitable to mine, but I like the anonymity.
21B tokens.

I'm also mining FIRO (renamed from ZCOIN). Its only got 21M tokens and is at $4 right now. I'm also mining this one at a loss.

Are there any cryptos I can GPU mine with at a profit right now?

 

[Wisdom01]

Yeah, people that stake mostly are very careful because the little you delay, you may find the coin being valueless because others might have dumped it by then.

Yeah this is really true and most time when the coin is been stalked at a higher price there would be huge loss apart from staking profit when it falls

 

[Rollerkid]

Yeah this is really true and most time when the coin is been stalked at a higher price there would be huge loss apart from staking profit when it falls

Yeah, that is true and even though you may think you have some profit by increasing the quantity or number of your coins, in real sense you would be making losses because the value maybe cannot go high again.

 

[Wisdom01]

Yeah, that is true and even though you may think you have some profit by increasing the quantity or number of your coins, in real sense you would be making losses because the value maybe cannot go high again.

Yeah the value would just keep going down to the extent that both the person investment and others would fall tremendously leading to more loss

 

[Rollerkid]

Yeah the value would just keep going down to the extent that both the person investment and others would fall tremendously leading to more loss

These are just some of the disadvantages associated with staking coins. But still with all of them people still do it and get passive income but they are very smart and active too.

 

[Wisdom01]

These are just some of the disadvantages associated with staking coins. But still with all of them people still do it and get passive income but they are very smart and active too.

Those people who do it and make more profit actually know the kind of coin they stake before they actually do so ,because they dont want to try a trash coin

 

[Rollerkid]

Those people who do it and make more profit actually know the kind of coin they stake before they actually do so ,because they dont want to try a trash coin

Yeah, that is true and mostly those that stake and also those that mine too do a lot of studies and research before going in, if not the scamming platforms and trash coins are just many.

 

[Wisdom01]

Yeah, that is true and mostly those that stake and also those that mine too do a lot of studies and research before going in, if not the scamming platforms and trash coins are just many.

Like for instance there is a coin called juld. I have not staked the coin , because i don't want to buy and make more loss through staking ,i am monitoring the price

 

[Rollerkid]

Like for instance there is a coin called juld. I have not staked the coin , because i don't want to buy and make more loss through staking ,i am monitoring the price

Yeah, l heard about the coin. Some one even recommended me to buy the coin but like you said, I'm just studying it. The coin increased just after it was listed and many people are rushing for it to stake and that l guess is the reason for the increase.

 

[Wisdom01]

Yeah, l heard about the coin. Some one even recommended me to buy the coin but like you said, I'm just studying it. The coin increased just after it was listed and many people are rushing for it to stake and that l guess is the reason for the increase.

I think the coin is already decreasing and not increasing as i expected it to , i just hope it goes high again because i have friends who have staked the coin

 

[Rollerkid]

I think the coin is already decreasing and not increasing as i expected it to , i just hope it goes high again because i have friends who have staked the coin

I think maybe the decrease might be as a result of the general market crash. Those that bought it very early still aren't into loss yet but those that got in when the price was rising are making losses now.

 

[Wisdom01]

I think maybe the decrease might be as a result of the general market crash. Those that bought it very early still aren't into loss yet but those that got in when the price was rising are making losses now.

I think telsa who bought it during $40k plus might still run at loss if it continues to fall and did not increase as many are really expecting it to increase

 

[Rollerkid]

I think telsa who bought it during $40k plus might still run at loss if it continues to fall and did not increase as many are really expecting it to increase

Well, anything can still happen. Maybe the recent mined bitcoin are adding up to the existing ones making the circulating supply more than the demand, and price will decrease for some time.

 

[Wisdom01]

Well, anything can still happen. Maybe the recent mined bitcoin are adding up to the existing ones making the circulating supply more than the demand, and price will decrease for some time.

I never heard any information about the recent minded bitcoin. I would like to know more but i know that these also affects bit co in price too

 

[Rollerkid]

I never heard any information about the recent minded bitcoin. I would like to know more but i know that these also affects bit co in price too

Sometime ago PayPal purchased the mined bitcoin for their crypto transaction start up. Also a lot of organizations invested all that made the circulating bitcoin less and price was rising, but now the recent mined bitcoins are adding to the current circulating bitcoins and if there isn't any massive buying again, it might affect bitcoin for sometime.

 

[Wisdom01]

Sometime ago PayPal purchased the mined bitcoin for their crypto transaction start up. Also a lot of organizations invested all that made the circulating bitcoin less and price was rising, but now the recent mined bitcoins are adding to the current circulating bitcoins and if there isn't any massive buying again, it might affect bitcoin for sometime.

Now i understand , but considering the large bitcoin market i dont think it would be easy for paypal to control it by unleashing the mined bitcoin into the market ,a lot of forces are still controlling it

 

[Rollerkid]

Now i understand , but considering the large bitcoin market i dont think it would be easy for paypal to control it by unleashing the mined bitcoin into the market ,a lot of forces are still controlling it

Yeah, PayPal only helped pushed the price up sometime ago and that was all, their small transactions they're offering to their customers can't affect bitcoin price much, it's other forces like you said.

 

[Wisdom01]

Yeah, PayPal only helped pushed the price up sometime ago and that was all, their small transactions they're offering to their customers can't affect bitcoin price much, it's other forces like you said.

I think the only aspect i know the helped push the price up was when they joined the crypto world , i think a lot of people invested in crypto then

 

[Rollerkid]

I think the only aspect i know the helped push the price up was when they joined the crypto world , i think a lot of people invested in crypto then

Everything started when they joined crypto, but the great effect was when they decided to acquire large number of bitcoins to be using it for their crypto transactions.

 

[microunit]

kinda hard to find gpu minable coins especially that most of them can only found if you go to the coin's dedicated site or the coin's social accounts, and there's also the risk that the coin might not be that profitable in the long run

 

[Wisdom01]

Everything started when they joined crypto, but the great effect was when they decided to acquire large number of bitcoins to be using it for their crypto transactions.

Yeah they acquired also but lets not forget that they haven't expand their crypto trading service to other country , because that would have more impact in bitcoin price