Bitcoin Forum

I contacted a store in China that I've used twice to get new and used graphic cards before and guess what? All their LHR graphic cards have been sold out, like for real? Now I have every reason to believe that Nvidia released that LHR unlock because GPU sales was low.

GPUs are money printers. If it prints more money then it is more valuable.

Hmm you are right though and thats why I like the fact that they get sued, I know 5 million dollars isn't anything to Nvidia company but at least I am not the only one who knew that Nvidia pulled a bad stunt on the world, gamers and miners.

I mean they learned from the last time they were holding the bag. Have to move the old stock pile before the new cards hit, everything is calculated... even making some naive gamers think "Oh LHR, NVIDIA is DoiNG tHiS FoR GamERZ". lol

If one Chinese store runs out of video cards, then it is difficult to draw conclusions from this. If in the next 2 months there will be such low prices for ethereum, then miners will not buy video cards, and then mining will end.

To confirm bear market is upon us, btc needs to crash below 20k. I don't see this happening just yet, will take few months for that to happen yet and with it eth will crash around 500 usd or below, gpus will also crash below msrp, second market will be insane, 3080 for 400 usd? very possible, seeing 4xxx series will be coming this year and 4080 will likely be around 700 usd, a 3080 for 400 will be expensive, I say 400 but a 3080 could crash below 300 usd, i know this might be insane at this moment but will be the normal in few months.

No one here talks about shorting, you need to think like real miners.  When things look ugly I always sell 2 years worth of mining proceeds short and when the market bottoms I'll buy more machines.   If your making decent profit keep it, don't give it up to the markets. 

With a bitcoin price of $20,000, many miners will probably have losses. For example, a miner from Russia said that his ASICs of 80-90 terahash will be mined at a loss, with a bitcoin price below 15,000. His electricity costs $0.045/KW and he does not pay taxes.

bear market of 2019, btc negative profit was 4.50 usd per 40 terahash default at $0.10 kwh and that was the normal, btc price was 4k, to mine one btc used to cost 5k, right now to mine one btc cost around 10k, 15k on older asics, the new intel chip cost even less than 10k to mine 1 btc. Lets see how the market will behave this time around, btc below 20k is very possible, 60% chance, btc below 10k, 10% chance, btc below 10k could be for few minutes, the panic selling is as extreme as the panic buying, lowest average btc price I predict will be january 2023, lowest not bottom, bottom might be even before that, september-november 2022.

It costs more than that to mine a Bitcoin after including the capital cost of hardware. It costs $15k-$20k to mine a Bitcoin at today's ASIC prices assuming they last for 4 years, depending on the electricity price.

New ASICs for 200 terahash are just starting to be delivered to large miners. If the complexity of bitcoin mining continues to grow at the same rate, then the cost of bitcoin mining will increase. You do not take into account breakdowns, maintenance, equipment downtime and more.
https://bitinfocharts.com/comparison/bitcoin-difficulty.html

BTC is going down too fast, it broke the 26k, I think manipulators will push this to at least 40k before crashing it to below 20k and lower.

Luna and UST was why BTC dips that much I believe, or I am wrong? Luna CEO bought many BTC some time ago and now they are dumping BTC to safe UST that I believe can never be safe again, this is Bitconnect all over again, what do you think Metroid?.

They printed too much UST to buy BTC and other coins, manipulators saw that and took a chance to control UST, after that was a disaster, USDT is the same thing, scam all over, only trust USDC because is constantly audited, to this date usdc never lost pairing x usd dollar. About investing, I would never invest on any pos coin but that is me, I would stay away from solana, cardano, dogecoin or any meme coin, and other scamcoins, also avoid nft, defi and the metaverse scam.

Good 👍 stuff Metroid, what about BUSD? I never knew that USDC was audited, that's rare for a stable coin in this space, and what are the coins you are really into apart from Bitcoin? Is Solana and Cardano just like Luna or.

BUSD is binance on the line, i dont trust exchanges like i used to, my last mistake was trusting mtgox and i lost millions of usd because of that, I have been waiting since 2013 to get part of my money from mtgox and to this day, nothing yet. So BUSD is binance, do you believe in binance? i dont, so reason i dont have any busd. Solana, cardano and any pos coin will have the same fate as luna, in the end any pos coin is scam itself.

The problem is not the trust , as i guess you trust them so far to trade Coins !
Back in the days around 2013 the most Users and people was hyped and everybody was storing a lot of diffrent Coins on the Exchanges they used.
Was happend to me with Cryptsy , lesson learned after that from that misstake , because most dont wanted to have a lot of wallets and things on there PC.
And its just easier to have them on the Exchange and can trade them fast.

I lost money on Cryptsy in 2014, which I never got back
I lost money on Bitfinex in 2016, which they did pay back after a few months
At least I didn't use Nicehack

nicehash paid back all the coin they lost.

So i can’t complain about them.

Yeb i can confirm that as i was effected there also with bit of amount there.
There support there was also nice on that as they managed to get my coins to a new address.
As the old one was from the in liquidation Cryptopia , cant say anything about nicehash.

I got trapped on Nicehash hack years back but they reimbursed everyone, sigh its getting very hard to feel safe in this crypto space no matter what your backup plan might be, imagine I heard that one should stay away from hardware wallets that are be sold from stores around you.