Monero Pricing and What to do with XMR Thread

[MiniKnight]

My goodness. $30.60 now? @Patrick do you still have your XMR?

 

[Klee]

A high of $31.49 today, down to $28.27 as of this moment.

 

[MiniKnight]

My _____

XMR/ USDT $34+ now. Touched 35 too.

 

[Marsh]

I am paying $0.28 KW/Hr now, but "damn the electric bill" , full speed XMR mining.

Average Total Hash Rate: (24h) 10.30 KH/s (12h) 10.43 KH/s (1h) 11.38 KH/s (10m) 13.81 KH/s

Only the hot summer weather could stop me. The last resort is turn on the Air Conditioner ( hope not ).

 

[MiniKnight]

The total network is up to 70MH/s so profits will go down sadly.

 

[Marsh]

Yes, profit is 10% lower than March 2017.

 

[Klee]

The total network is up to 70MH/s so profits will go down sadly.

Wrong, payouts will be down but each monero is higher in value so that equals higher profits.

I am waiting for Vega to hit then I will buy a few gpu's.

Either vega, supposed to be three different versions of vega cards, or RX580's depending on how things go.

 

[Marsh]

@Klee
You are right, payout is 10% lower , but net profit is higher.
That is the reason I am running more machines, mining at 10-11KH/s now.

 

[Patrick]

I have a feeling that this is going to lead to a lot more XMR mining.

Still, at the current rates, something like Amazon.com: XFX GTS XXX Edition RX 580 4GB OC+ 1386MHz DDR5 w/Backplate 3xDP HDMI DVI RX-580P427D6: Computers & Accessories will have a payback in <4 months excluding power.

 

[Klee]

@Klee
You are right, payout is 10% lower , but net profit is higher.
That is the reason I am running more machines, mining at 10-11KH/s now.

Yep.

For those that don't get it, lets say you get commission paid in gold and a month ago you were getting paid 10 oz in gold and gold was worth $500.00 per ounce, not real figures just using this as an example, now for the same work you get paid 9 oz in gold but now the gold is worth $1100.00.


A month ago ...$5000.000
Now.....$9900.00

So the payout is less but what your getting paid in is worth alot more.

 

[Patrick]

I just hit a big milestone: 300 XMR mined.

 

[MiniKnight]

I just hit a big milestone: 300 XMR mined.

Jesus... USDT:XMR is at 36.7o

 

[Patrick]

@MiniKnight I am aware... and just placed my first stop limit order in a long time.

 

[Patrick]

I did a poor job at timing that pump and dump. Ended up adding 1.3 XMR and $6 to the account. Ha!

 

[Klee]

I'm going to hold on to my Monero and just keep mining..............I have visions of a repeat of Bitcoin value going way up.

 

[Klee]

High of $37.57 today.

 

[Klee]

Over $40.00 today......High of $40.76.

 

[Patrick]

I sold 200 XMR today at $39 and currently have 6 more XMR and $100 more than I started today with.

Of course, I could have done much better, but I wanted to hold XMR still.

 

[OBasel]

Any news why Monero is on a tear? $47.8 right now? I wish I had more than a handful.

 

[Patrick]

Just went over $49 then fell to just over $47 in a matter of seconds.