Crypto Mining no longer profitable – Zcash, Ethereum miners are selling their AMD, Nvidia graphics cards

Crypto mining is now no longer profitable. Back when the price of Zcash and Ethereum price increased, a lot of people went on a shopping spree to hoard as many Nvidia and Zcash graphics cards as they could. This all started back in month of June and the demand went through the roof – so much that there was an acute GPU shortage worldwide.

Crypto Mining no longer profitable

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SoFi CEO chose Ethereum over Bitcoin

Mike Cagney, SoFi’s CEO backed Ethereum over bitcoin as it offers better infrastructure applications. He said that if the dollar did not exist then bitcoin would have been fine but since the value of bitcoin fluctuates so much, it makes it nearly impossible to be used as a currency. While bitcoin is the original blockchain and has the maximum share of attention, it is not a very practical one, Mike added.

SoFi CEO chose Ethereum over Bitcoin

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Chaincoin is fraud coin: 60 percent of total Chaincoins owned by 25 people

At crypto currency daddy, we like to make people aware of frauds and there is no bigger fraud than the chaincoin. Almost 60 percent of all coins are owned by the top 25 addresses. Make up your own mind if that’s good or bad. The people behind chaincoin are pushing popular video makers on YouTube to push people to buy as many chain coins as they can to get “rich quick”. So, ‘hodl-gang’ owns most of the coins which is something we do not suggest because sooner or later, they will be pulling the plug and the value of chaincoin crypto currency will plummet.

chaincoin fraud

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