Remember the 2008 "meltdown". The US had this childish occupy Wall Street movement and it was supported by the then President of the US. 4 years after he was elected not a single CEO was jailed. Not a single SEC chair was jailed for dereliction of duty. Nobody got punished and occupy went back to the basement to play Call of Duty.

Humans are apathetic creatures when the abstraction becomes too layered. 99% of people couldn't sit through a 10 minute video on the Fed let alone tell you what it does.

The 3 8-year POTUS terms before Trump were filled with absolute cronyism. I'm not talking small million dollars here and there, we're talking billions on tax evasion schemes and embezzlement. Clintons became billionaires after growing up in Arkansas - able to spend over $50 mil on Chelsea's wedding alone. Bush's VP Cheney was able to get Haliburton billions of dollars in government no-bid contracts. Obama didn't send a single person from SEC nor any bankster to jail all while his supporters did the whole occupy nonsense. Solyndra walked away with ½ billion in loans with nothing to show for it.

I know Trump has a lot of nasty crooks surrounding him, but I've yet to see a single crony capitalism event that netted his estate or his close friends anything near 1 billion in sales. He hosts something at his property and collects $500k in fees per event. Meanwhile Gavin Newsom in CA is giving away 1.7Billion dollar no-bid contracts to BYD because suppedly 3M can't make enough masks. Throw 1.7B at 3M and see what they can do.

Gold is only safer in that you know the price isn't going to really go up or down. Look at it's 1970s price and today's price... I guess with inflation figured in it actually lost value over half a century.

The only meaningful time I can say BTC is tied to the DJ/NASDAQ/S&P is when institutional investors start pulling major weight into it. At the current time Coinbase has more clout than the POTUS.

Are you guys forgetting BTC sitting in the doldrums between $160 and $450 for essentially 2.5 years? People already now know the halvenings increased prices the last 2 times so I can assume the next halvening will not do anything to the price. More government support or bans (yes both of them) will drive price upwards. Seems many countries are happy to back it once they know they can securely collection taxation from trading.

Back in the day when I was selling my original BTC GPU mining cards on Amazon I had a lot of buyers from Venezuela and other countries that used forwarding companies to ship mining hardware. Distribution wise Venezuela might not be up there but from a use case standpoint I can see the citizens preferring that as opposed to their overnight worthless currency.

To this day used video cards still sell well in those listed countries as long as electricity prices are reasonable.

Yeah I remember back to the days of mining BTC with GPUs in 2011. I had horrible internet and power access at my mining location, so of course I would get notifications at 3:30AM that all the rigs went offline. I would get out of bed, drive to the location which was in a very bad part of town I carried mace or a crowbar with me, and then have to reset the miners only to get the same notification as soon as I got home. Some days I would mine an 0.2BTC which was hard to come by because MtGox stopped taking Dwolla or something like that so mining was my only option.

Sometimes it's just easier to just click the buy button and eat pizza while watching fellow miners on Youtube fight with rigs lol.

BTC has first mover bonus (mental issue), deflationary as opposed to ETH inflationary, and BTC is known to the lay person now and is memed everywhere. Alt coins traditionally will get pulled up when BTC moves upwards but their ratio usually falls against BTC. So although BTC dominance may dilute the "safety" in its market cap is aided by that same dilution effect. This is why every alt coin run you always see liquidation into BTC.

When you don't have to actually manage the farm in person it's a lot less worrisome... it lets you focus on just securing the coins and running the operation. For most of us in the mining forum it is messing around with the hardware that we all find attractive, much more so than monetary contributions at times (because who doesn't like looking for a dropped screw in a running rig with ambient temps of 95F with lights low to save heat/power).

That is true about the 1660s not having RTX tensor cores as wasteful space on chip. The VRAM issue is not overblown, however, as much more than a "couple" algos are in that greater than 4GB category. In fact if you look at every profitable coin for a 1060 for example, the top ones all require 6GB and even RVN just blew past the 3GB file size. So those who were short sighted to save 20% and go for the cheaper 3GB cards really payed the price on both the ETH rally and any other possible algos. If ETH goes POS before 6GB then it's won't matter as much but they're certainly not moving on that front very quickly.

On a pure hash/$ consideration this is true. For small miners that only have 1 or 2 rigs this may be the case. For people who have massive farms there are other considerations. Each card requires a PCIe slot and also requires its own riser as well as power connector. The added space, connectors, and chance for more devices to have failures adds complexity. The 3070 will also hold it's value as a percentage of original cost better than a 1660 super will. More VRAM will also allow the 3070 to access other algos should they become more profitable than ETH.

Ultimately it depends on the goal of the miner. If I was going for straight value I think the 5600XT gives more hash/$ than the 1660S with the knowledge that resale will be much lower at the EOL.

You can get rid of heat just fine if you use reference blower fans like Phil noted above. The blower fans suck air in one end of the card and pump the heat out the slot exhaust. If you're doing this with 2 cards it's much easier to extract the heat out of the building and funnel it out a window or vent hole. Blower fans are typically louder but this is an enclosed case and that should help dampen the sound.

If you want to eek out another month or 2 of mining you'll have to switch over to Linux based OS as they have less overhead loaded onto the card's VRAM allowing for a larger DAG to be created. Even then all 4GB cards and ASICs will be kicked off by December.

Incidentally, ETC has a slightly larger DAG than ETH and the devs are planning to decrease the DAG to make 3 and 4GB cards viable again for mining so you may want to consider switching to ETC which at this time is actually more profitable than ETH due to the recent 51% attacks and scares.

Information is correct. Thanks for the invite BrainBoss!

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Well to be able to play 'both" sides of the table you need to have troops or support on both sides. Being able to respond quickly to changes often leads to better outcomes. More options equals more chances to get to a point of success.

Yep, that's the speed of money. A dollar today is worth 2 in the future. A bird in the hand is worth 2 in the bush, or something like that haha. Mining is a good hedge against all the crypto's value going to poop.

Getting $100 for a video after 4 years might sound great now until you consider in 4 years it's 1/2 of what it is right now. As always it's good to diversify - own different types of wealth (property, equities, rentals) and even in mining own nVidia and AMD cards in a mix.

I didn't bother with mem voltage because I was able to get temps down to 90C which I'm OK with because there isn't much thermal cycling. I'm running 1230 core @ about 735 (varies based on silicon lottery), 1780 mem but I BIOS modded the 1550 Hynix straps for tighter timings, I was able to get same MH/s with lower ram speed, 54MH/s at pool end, 105W per Phoenix. I didn't bother to measure at the wall because I was in a hurry to get sustained uptime over profits.

The tighter timings allowed me to clock the RAM down to 1780 and still get a good rate. When we get our 3 days of winter here in Los Angeles I'll bump the memory up a bit, but for now this is the best I can get when we have ambient above 90F everyday.

I don't have the Aorus but I have 6 of the Gaming OC variant. All my memory runs into the 100-110C range if I don't turn up the fan speed. I pulled one apart to make sure it was pasted correctly and make sure the thermal pads were making contact properly. They were, so it's just a power issue with the 5700 XT. If you can get mem voltage down that should help, but try increasing fans to at least 45%.

Haven't bumped this for a year, just a warning for new users. Please do extensive research before giving away your money to somebody who promises to give more back to you. It's quite easy for crooks to have somebody code a fancy website, post some fancy pictures, and make a fake website. It's much riskier for people to actually file as an operating corporation with their local/state government as that opens them up to prosecution for fraud and other crimes.

It's probably not so much the load curve because even dropping 2% on the efficiency curve for 160W would only be 1.6W at output. I imagine Panda is running 220/240v and that might be part of it. The rest would be from the difference between reference PCB power delivery vs AIB power delivery.

Your ram is roasting at 96C. I would increase the fan speed a bit more. Always easier to replace a fan than RMA a dead card.