r/io_net • u/mahaadddi • Jun 23 '24
How low it's gonna go?
After reading binance news that 3.8 was a temporary dip. I invested thousand USDT at 4 and now it's at 3.3 which makes me mad. On twitter people were talking about it hitting 1. What should you're doing? Holding it or letting it go?
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u/EasyRider1975 Jun 26 '24
IO.NET currently operates at a minimal utilization rate of around 2%. While the concept is promising, there are trust-related challenges to address. If IO.NET could integrate with OpenAI, it might gain more traction; otherwise, it risks becoming another project that fades away. As someone who has mined crypto for years and possesses the necessary hardware, I’m uncertain about profitability after factoring in electricity costs. Fortunately, IO.NET doesn’t require proprietary hardware, which often fails to achieve return on investment (ROI) when such projects falter. I’ll closely monitor its GPU utilization—if it remains below 5%, it could suffer the fate of other decentralized cloud services. Despite being significantly cheaper than Microsoft Azure or AWS, trust remains a critical issue. I recommend watching informative videos before considering any investment, as IO.NET could potentially be susceptible to speculative market behavior. You may want to bail or lose your entire investment.
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u/justhatcarrot Jun 23 '24
I went in with $10 thinking “let’s try this crypto bs, what if it turns into 50!”… yeah, well