Now BTC is at $51k, its was up to $65k on some exchanges, $54k is -20%, so now we're at -25%
A sustained down of -20% is the legal definition of "Bear Market" get over it. Live with it. Sure HODL on or buy more, hell buy the falling knife, sell your house and car, and buy BTC on the way down,
Like I have said all along, it was the MUSK billionaires who sent BTC from $20 t0 $60k in the last six-months, not the geeks with stimmy-checks, they're over on DOGECOIN
Now MUSK & billionaires MUST take profits before all that money evaporates.
Given that CHINA owns BITCOIN, and MUSK with his $1.5B purchase drove the price, one can say that much of the corporate USA loss on BTC investment is just easy money transferred to China.
One mans loss, is another mans gain. In this case with +67% of all mining done in CHINA, they own BITCOIN.
MUSK was a BIG believer in China, but now with the people jumping on his Teslas, and his reaction, MUSK is seen as a pariah in CHINA for what he is, also in CHINA while the USA buys the bile because USA media peddles bile, in CHINA the people are aghast that he says "The Tesla that crashed in Texas, was NOT on autopilot", Chinese people see this as an assault to their intelligence, maybe for the USA the USA people are a nation of idiots in the eyes of MUSK, but in China with the single child policy of 60+ years, everybody makes sure their kid gets the best education, unlike USA where everybody is fed WOKE bile, in lieu of education.
BTC dropping like a rock, or reverting to the mean, is not a new problem, easy to go from $1 to $100, wasn't likely to go from $6k to $60k, but now stimmy checks are kaput, and the USA corporate balance sheet is crap. The single reason that MUSK, and dozens of other CEO's parked their corporate cash into BTC is hoping they could show a profit on their books. Not unlike GM, back in the day GMAC made morning money loaning its cash, than they did making cars, until they figured out that nobody was paying that money back.
Classis MUSK was John Delorean, who spent 100's of millions of company cash on Cocaine, so he could keep his car company afloat with drug sales in USA urban crack zones.
The entire BITCOIN narrative is now public, everybody knows that 100% of the BITCOIN 'story' is based on lies, there is not a single truth propagated by the pumpers & dumpers in BITCOIN land.
Just like USA today, where liars rule the media, here on BITCOIN liars rule the narrative, truth doesn't make you rich. But if your eyes are open, the truth can keep you from losing all your money.
@ op learn the definition of a bear market. |
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tl;dr I've seen so many times Bitcoin went down 20% or more from its highs and yet it manages to recover after a few days or weeks. This might be the same as that scenario. I might be wrong and the OP might be right that we can be in a bear market just because of this drop but its unlikely right now. Take note that Bitcoin has been going upwards for so many weeks already without any correction. A correction like this is expected since within the past weeks, we've seen Bitcoin going up and up only and no downs whatsoever. Anyway, good luck in spreading some bad news here. This thread might cause those newbie investors to panic and sell their holdings at a loss  . As for me, another buying opportunity to take some short term profits  . |
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How long does it continue? Great question. Next jump is in about 8 days https://diff.cryptothis.com/Latest Block: 680325 (3 minutes ago) Current Pace: 80.4874% (934 / 1160.43 expected, 226.43 behind)Previous Difficulty: 23137439666472.05 Current Difficulty: 23581981443663.85 Next Difficulty: between 18983328920589 and 20113133978138 Next Difficulty Change: between -19.5007% and -14.7097% Previous Retarget: April 15, 2021 at 3:40 PM (+1.9213%) Next Retarget (earliest): May 2, 2021 at 1:39 AM (in 8d 8h 35m 15s) Next Retarget (latest): May 3, 2021 at 1:07 AM (in 9d 8h 3m 6s) Projected Epoch Length: between 16d 9h 59m 34s and 17d 9h 27m 24s the bold line shows how many blocks we are off pace. 226 right now. it was as high as 242. So to go to 226 means pace is picking up. Just follow it and if it drifts down over next 7-8 days to 350 or so it means power issues still exist which means cloud mines in china are forced to decide what to do due to lack of power. |
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Hi again, I have more questions and issues.
I have since got 2 more 3070s so now at 3x 3070 and 1x 1070. Using 2x 750w PSU
For last few days I have been running 1070 then 3070 then 3070, the 1070 does the output to monitor.
Thats been working fine can always see all cards.
So the last one came today, plugged it in and boot up can only see the 1070 no other cards.
Spent hours trying almost all combos even in the smaller ports (wont even post if I try and use either of them) none of them worked.
Ive ended up getting 3x 3070s running (TPD 540-550w when mining)but can not get a forth gpu to show up if any more then 1 show up when 4 plugged in its 2 gpus and the other 2 I can feel getting hot.
Everything has power but they just dont show up, I am using driver version 469.89 and MSI afterburner.
One PSU doing mobo, 2 risers, ssd, 1070 and a 3070 (fan doesnt even turn on) the other PSU just doing 2x 3070s +2 risers (TDP is only going to 280w on idle)
Is there a bois setting I need to change ?
I have also spent hours trying to figure out how to overclock and stuff in command line for Phoenix but cant seem to get most commands to work.
I tried -cclock 1:192,2-3:-456 -mclock 1:387,2-3:1407 -powlim 1:60,2-3:50 also tried some fan stuff but ya couldn't seem to get anything to work except for some temp or fan stuff.
Im guessing there is something Im not understanding. Is this a permission issue? If i run as admin it doesn't work
I see people saying use HiveOs. I looked at site but Im unsure. Can I have 1 rig for free? Should I try this considering I cant figure out -mcdag 1 or how to auto restart stuff?
Edit: Oh I should add I am using MSI afterburner to see cards since I need that to do the OC and undervolt.
I would go to simplemining.net I would download the os onto a decent 32gb usbstick. I would just run the 2 3070 gpus. give me a minute I will show you a pair of 3070 mining on a rig using smos. |
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8gb 2080, 11gb 1080ti and 6gb 1060
is it better to run multiple instances of phoenix for each, or one for all 3?
thanks
do it for a few days each way and see what you like better. I asked the mods to move this to alt coins. |
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Ok, bubble is popping. All these fair weather miners need to sell me their rigs now. LOL
buy the dip and hodl! maybe the shuffle comes in for me today. |
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Anyone advocating for more taxes has been watching too much MSNBC. It's not about feeling sympathy for people who have billions, it's about people thinking the government is their daddy.
Do you think billionaires are swimming around in a pool of gold coins or pallets of $100s? Nearly all of the wealth that people are complaining about is on paper. Jeff Bezos owns a bunch of Amazon shares. If you raise the capital gains tax, he'll just never sell those shares. If the capital gains tax was lowered however, he might sell those shares and invest that money in some other endeavor which could create millions of new jobs. I'm betting the guy who created Amazon is a lot smarter than anyone in the government.
Nearly all the wealth in the world is invested in companies and profits are reinvested in other companies to create more and more jobs. Taxes stifle growth. All taxes are a deterrent to economic activity.
The Government is not your baby daddy and the more money the government takes, the less economic activity, jobs etc.
That is not correct. Remove all bridges and roads in all countries. Let me know which is harder on economy no roads no bridges no canals. Or taxes that build roads bridges and canals such as the panama and the suez. The correct statement is many taxes are ill conceived and they can hurt the economy. |
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Buy the dip and hodl. Nice sale on BTC
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at op thanks to your encouragement I just purchased $300 usd worth.
I will buy $300 more in the morning.
and I will continue to buy as it drops 💦.
The name of the game as always is buy the dip and hodl.
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So all traders. Miners know doge is and was a very well backed coin.
LTC/DOGE mining with antminers L3+ means the network is very very very safe.
The only safer coin would be BTC.
eth is centralized and while well backed if mr v dies it would crash as others fight for control of the coin..
not one post in the thread mentions the security of doge.
It makes the coin have value.
as to 1 cent
or 2 cents
or 10 cents
or 20 cents I don’t know.
back the asic backing is very solid for the coin.
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that blower looks pretty good i may order it from amazon.
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New egg was a no go for the shuffle maybe Friday.
I have not won since April 1
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Seems like a wee bit of an exaggeration to be suggesting that BTC threads need to allow the discussion of shitcoins merely because they might somehow relate to BTC in some kind of theoretical way.
I was angry when I posted that and added a little drama. But I was referring specifically to mining, which is more about the algorithm and the hardware used to mine it. There's technically nothing about a sha2d miner that limits it to BTC only. It doesn't make sense to me to limit mining discussion on that basis. It seems like a relic of the days when there were only a few coins. Yeah I am not much of a BTC max guy. The brilliance of it all to me is simply pow done via turning power into coins. Knowing human nature it will result in multiple coins burning power into coins. To think it is only BTC is a meh idea as it simply is not. To fight those that want and or believe it is only BTC and nothing else is and was wrong on my part. I mine. I turn power into coins. My bias is BTC but I hold and mine many coins. Octopus ETH KAPOW LTC/DOGE BCH BTC Every coins above I mine at a profit so I hedge it all into BTC as much as I can. I am no more complex than that with my mining. I also buy gear on PayPal six months to pay zero interest I sell gear for btc ltc or doge or eth every once in a while. To say I am a miner first and a reseller second may be wrong some years and right other years. BUT I look to juggle all of it as best I can. |
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If you left a space in-between them and put four in the case you could use lower fans.
Still a very nice rig.
If I had access to the cases and the cards I would build them as 4 card rigs.
But I have a lot of space in the mine. I could fit 36 rigs of your size.
I can only provide 12000 watts for the space which would mean 10x 4 card rigs doing 11,400 watts
The space would be quit quiet. it would do about 4700 mh that is 1000mh less than what 2 Linzhi miners do.
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Don't know if rainy season in China will save the days for those farms.
They probably struggle to relocate ASAP. Look like they holding assets for now.
Market didn't surge with gears for sales.
BTC bull run with ASIC shortage combined with a diff drop it's a wet dream for a miner.
Congrats for those who survived the long bear market and invested while cheap.
Never a boring day in crypto ...
Maximalist need to pop out of their bubble.
Lot's it's happening outside BTC.
well eth diff and hashrate has maintained 98.3% of its levels 539 dropped to 530 https://etherscan.io/chart/hashratecheck April 12 a 539 and April 20 a 530 while btc went from 171 on April 12 to 144 on April 19 https://ycharts.com/indicators/bitcoin_network_hash_rateA drop of almost 20% It reflects a power shortage in China and faced with the choice of shutting down btc which makes 40 bucks for 3300 watts eth which makes 324 bucks for 3300 watts more btc gets shut down. The interesting things are how long does the power short fall exist and does a long term choice of mining eth over btc alter this bull run. Looks like a miner needs to be able to jump around and have LTC/DOGE asic mining gear SHA asic mining gear GPU mining gear. ETH asic mining gear. To be able to adjust. Interesting to think that being a nimble generalist is best for today. This morning eth pays $.1383 per mh btc pays $0.3763 per th eth reached an all Time high in hash rate yesterday. 541,356 gh or. 5,413,560 million nvidia 3080's or 200,502 Linzhi asics btc is down at 135.983 eh or 1.223 million s19 pros https://etherscan.io/chart/hashrate I got eth number from here https://www.blockchain.com/explorer?utm_campaign=dcomnav_explorer I go btc number from here. now the s19pro power use is 3300 watts the Linzhi power use is 3300 watts they are supposed to be the best gear for btc and eth for power efficiency . 1,223,000/200,502 = 6.09 x 1 factor in power use. ie the BTC network if it were all s19pros uses 6.09 the power the Eth network uses if it were all Linzhi asics. some interesting things to take from here are 110 x .3763 = 41.393 pre power earnings for BTC 2700 x .1383 = 373.41 pre power earnings for ETH 373.41/41.393 = 9.021 x 1 factor so right now on a daily basis using 1/6 the power of the BTC network eth is earning 9.021/6.09 = 1.48 x 1 the $$ value I think this really needs watching when the btc difficulty adjusts it should help the gap a bit but this is a real issue. |
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Yeah. it is critical that op has one or 2 linux usb os sticks Hive OS Smos -- is what I use. https://simplemining.net/If he runs his setup using either HiveOs or smOs. he can determine if it is a software issue or a gear issue (it is almost always a windows issue) Besides no one should use windows for big rigs over 5 cards and up should always be linux. |
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At binance pool you can "withdraw" (move to binance trading or savings account ) every single satoshi.
But that does not solve his problem, he will still need to pay 0.0005 BTC when he wants to withdraw, with his gear making about 50 cents a day he needs to mine for 53 days just to cover the fees. Rather use some custodial wallet to consolidate these small inputs.
If he has to use a custodial wallet then why go as far as moving the funds to Binance exchange, eventually, he will have to withdraw and be hit by a huge fee, Binance is by no means more trustworthy than any large BTC mining pool, he could just keep his funds in Viabtc until he reaches the minimum payout of 0.001 BTC and they get transferred to his own wallet at 0 fees and as a single output, if he wants to use Binance pool then simply apply the same thing, leave the funds on the mining pool until they are eligible for a fee-less payout, in all cases, moving the funds to an exchange just to withdraw them later at a high fee is a bad move. Yeah just let it grow to 0.001 and auto withdraw. You could it do other ways but it is a subject for alt coins not here. |
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but but... difficulty... because China energy crisis, no? no and yes. simple enough you have 6600 watts you can run a btc miner and make 40 bucks you can run an eth miner and make 300 bucks.. i cut you to 3300 watts which miner gets turned off. now scale that up and expand it to bitmain they build eth miners they build btc miners they build ltc/doge miners. they land three super big cloud deals in january and are very likely the worlds largest mining farm for their eth farm ——-sorry ltc/doge farm—— sorry btc farm——- not sorry as btc is the subject. so china cuts power to them. they can not run all the gear ⚙️ but wait simply turn off ten 3300 watt btc miners and turn on 1 extra 3300 watt eth miner. so they spend 3300 watts and earn 300-330 in eth rather then spend 33000 watts and earn 300-330 in btc. they then buy btc with the excess eth. and pay the btc cloud miners off. the bad side is super high fees for btc. and super high fees for eth. of course it cause fear in some hodlers and they sell. I think this is going to continue for 6-8 days. Next adjustment may help fees. I apologize for mentioning the other coins as most do dont want to hear about them. |
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Looks like the PI Cycle top indicator was right once again. I was suspecting a similar run to 2013. Double top with a bearish summer between. Was watching the Pi cycle top indicator for months on a daily basis. Yet all other indicators showed we are not there yet. Looks like a bearish summer indeed.
wrong. 70k right around the corner buy dip and hodl |
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Certainly still interested in this build Phil. I got my second shot couple of weeks ago because I help out at a distribution site. The second moderna shot really did a number on me and I was feeling terrible. The first 12 hours not so much, but the 24 hours after that I was ready to pass out and my entire body was aching and sore. I heard toe Pfizer was better. Struck out on the shuffle again. Also in other bad news my PowerColor 5700 xt that I just got back from RMA is once again dead with the same symptoms. I clocked my rma power color 100 lower on the ram 800 vs 900 so far so good. Like I said we get the shot May 4th. My wife is finally showing real signs of recovery for her lungs. I really was afraid for her for a long time. So far 2021 has been a lot better to us than 2020. Hoping it stays like this. |
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