The conclusion you arrived at is not supported by the facts. Lower transaction fees is an incentive to use blockchain instead of a bank, and it is quite applicable.
It's been like a youtube stock market video how well the patterns seem to be lining up. It's been easier and easier for me to buy in, set my sell price and walk away and make money. The random massive crashes scared the shit out of me so I had to set alerts on my phone, which ties me to my phone like a teenage girl, or my wife.
I forgot my phone the other day and I had damn near a full on panic attack, I haven't given a shit about my phone since I was myspace pimpin in the good old days.
I know what you mean. I've been trying to weasel some money out of the trend last week to make up for some of the losses I took in btc and eth. It just makes me even more OCD about this shit than I already am, turning from a fun profitable hobby / additional income to a brutal excercise in futility and patience with a bit of anxiety thrown in. Having the stock market taking it's first somersault over a cliff isn't helping things either. I'd sill rather have the headache and make it my own educated investments in the long run, so when the market shits I don't feel like someone else is screwing me over with gross incompetence. It's not like I'm so wealthy I just give someone else my money to play with while I spend it.
However I'm really happy that all the shitbirds that decided to build mining rigs to make money cause it was free money, who never had a pc for anything in their life outside of work that are shitting their pants right now about their get rich quick investments. Hopefully we can at least get enough of a gpu sell off that memory supply can catch back up with videocard demand so that prices come back down near msrp for the next gen.
I originally invested $2,500 and spent $5,100 in mining gear. Been building PCs for 20+ years, so getting to snag a bunch of high end gpus, building a rig, figuring out how to mine, all was a blast for me. Now the investment was fun when it was going up, but not so much when it was coming done. I was constantly checking my phone as i watched my gains drop and sold out just because I hated i was watching it constantly. It also was great that the mining was still very profitable and I was planning on using that to build more PCs more regularly. If my rigs could make $1k a month, i could build a new pc every few months, sell them used below "costs" but still not cost me a dime. Now, I am worried I might not even cover the original costs. Yea, I can chalk it up to cost of my PC hobby but would love to still min/max the use of my money.
Unfortunately it looks like the honey moon is coming to an end for my free money adventures
I love the fact that you tie in your pure enjoyment of building pc hardware and components as a priority in your experience.
<pssssst> r/churning </pssssst> While I don't travel quite as much as you, I've been to Europe 3 times in the last 3 years, Mexico all-inclusive, Charleston SC and Phoenix AZ twice, and i didn't pay a dime for any of it.
I think it should be, other wise you may as well spend the equivalent money on cryptocurrency itself. I personally had an itch to build a computer, but zero need for one. Enter mining.
I love the fact that you tie in your pure enjoyment of building pc hardware and components as a priority in your experience. I can attest that I felt the same way, the first time I was able to order a few videocards with profits and build them into rigs was almost life changing. At the core of the experience is working with hardware, as a hobby, on your own clock, at your own leisure. Being able to experiment nonstop with expensive new components on a regular basis is a luxury in the past afforded only to review sites and boutique system builders (and the wealthy). For a lot of us hardcore hardware nuts crypto was like finding out there was a b side on your favorite record. 2017 aside, pc gaming had grown incredibly stagnant for me. Good titles were fewer and far between, and I found my obsession with competetive FPS waning, to the point that It felt like work putting in the time. Still I kept building a new HEDT rig every year with dual cards and the like. I found myself putting all this time into building gaming pc's, but not getting the same enjoyment out of gaming on them. For me the rush of getting new components and kitting them out was still as exciting as ever. Once crypto started affording me the ability to make that hobby affordable enough to do regularly, I was hooked on the fringe benefits of crypto.
Regarding profitability for crypto, in 2017 I went on more vacations in one year than I ever had before. Overall I spent between 3-4 months away from home, essentially all the days my son wasn't in school (and some of them he was supposed to be). I live in Vermont and I still have a deep tan on the visible parts of my skin, this deep into the winter. Unfortunately it looks like the honey moon is coming to an end for my free money adventures, and I'll probably have to start thinking about putting in more hours in a less favorable field at some point.
Getting back on track with gaming in 2017, it's really unfortunate that gpu's took such a massive price spike this year. 2017 might have been the best year for pc gaming, and especially console/gaming in general in the last decade. The number of exceptional quality rpg's especially will never be forgotten. I've got so many titles on my backlogs it's almost comical. Also the fact that for a short period we had affordable 4k gaming on a 1080ti was game changing for the industry. For a lot of people the ridiculous prices of gpus have tainted a year that otherwise should be a watershed moment for gaming in general.
Oh yea, I have always built my pc's aiming for the best bang for your buck. After this experience, I am planning out my next build, going to go full customer water loop (never done that before). I get more excited for this than games as of late. Oh well, see if I can get made whole on my rigs and then figure something out. I do need to try some new games, only been playing blizzard games as of late.
Honestly crypto could have the silver lining of being a gateway experience for a whole new generation of pc enthusiasts. With kids growing up on tablets and smartphones, and the applizing of taking hardware out of buying decisions for consumers, we might just get one last generation of pc nuts before form factors and other mitigating circumstances make pc system building obsolete for 99% of users.
So, jumped on the mining trend at the beginning of December slowly ramping up to just 7 1080tis. Of my $5,100 investment, i have earned back $2,200 cash in the bank. With the market hot still for cards and they currently earning about $2-3 a day per card. Should I cash a few out? Being so new, I have only see the good times of either consistent $4-$9 per card. Reasonable to expect profits to bounce back north of $4?