No there is nothing with a power cost that high. Even with 10 cent power you are mining at a loss. With 5 cent power you are making a profit but it’s so little that you will just stop mining due to the poor performance.
I assumed that the difficulty with ETC would drop more but it doesn’t. Have no idea why people are mining at these crazy low profitability coins.
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How many of those pins are actually +12V. Just like the PCIe 8 pin connector, there are only 3 +12V and the rest are GND and sensing connectors.
I had once of those dual Radeon 6990 GPUs which was basically 2 of the Radeon 6970 and it only had 2 * 8 pin connectors. That beast can pull 600 Watts if you overclocked it, I think it used like 450Watts in some high intensity games or mining. I assumed the connectors would burn but they never did.
My guess is that its not the GPU but the adapter which is causing the melting. They need to use better female pins.
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Now there is some chatter about US Fed of supplying for smaller duration T-bills. The Canadian fed rate hike was lower than expected. We got some type of QE in Japan and Britian. Combined with how the longer bonds had a wick. Maybe it means we bottomed?
However I remember back in 2008, when we assumed we bottomed in late 2008 because we had nice rallies followed by an even bigger dump before finally bottoming out in March 2009.
So this can be nothing but a dead cat bounce and we might head lower.
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The thing is. How do we know he never sold?
He mined most of 2009 and didn’t sell those coins but he could of also mined in 2010 when GPUs were coming up and made a few blocks and he could be selling his coins in reverse from date they were acquired.
It’s difficult to prove because there were hundreds of people mining then so it’s hard to find out if they were his coins.
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I don’t understand the post of this.
You opened a 100x leverage position on perp futures and got liquidated. So you are saying you won’t get liquidated with the monthly future expires?
If you use 100x on the future monthly or quarterly contracts you will still get liquidated. Only difference with those and perps is that the futures contracts have no funding rate while perps do.
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Right now we are at a difficult level.
Stocks are rallying. Bonds are selling off.
So either the bond traders are right and this is nothing but a bounce and we will head lower after the midterms. Or the equity traders are right and we bottomed and the bond traders are wrong.
In my experience you should pay attention to what the bond markets are doing.
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Sha256 is one of the worst algos to choose for a new coin. It was actually the worst algo to choose back in 2014 so most people chose Scrypt back then.
There are way too many sha256 ASICs and it’s very easy for a small farm to take control of the network especially on a new coin like this. Once this coin has a market many Bitcoin farms will pool hop and then dump as soon as the coin mature.
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From what I can remember. He disappeared when someone who was into the Bitcoin scene at the time went to the fbi for an interview. After that he quickly disappeared. Why? Who knows.
He has lots of BTC that he never sold. No idea if it’s lost or he is waiting to donate it somewhere or sell it at a higher price.
Biggest mystery ever is his real identity.
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There are many interesting projects out there. However whether it’s interesting doesn’t mean anything because it’s up to the way it’s marketed.
There can be a great token with utility and it might fail due to no demand due to no marketing. And there can be another token which is average but has a great marketing behind it and it can be successful.
Hence why it’s difficult To find a decent project these days because it might fail anyways.
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Back in 2021 you could of actually made some APY by selling the futures and buying Bitcoin or Ethereum on spot.
Back then the front month had like a 5% premium and quarterly had like 15%. So what many did was buy on spot and send it to a futures exchange and short it there. Wait until it expires and close the trade. Pretty risk free.
Doesn’t work anymore since funding rates are flat now.
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I feel like every 6 months there is some thread about this.
Yes it requires energy, so do banks and their transactions. It also takes energy to store other stores of value like Gold. The fact that it requires electricity is what makes Bitcoin so secure because it will make it very expensive to attack.
Don’t know why people keep talking about this every few months.
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Cash hasn’t been king for the longest time but it looks like it might finally change.
Right now you can get over 5% interest just by holding money in your bank account. Why risk it trading when you can get guaranteed money this way.
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You need to be careful with any of these discord’s. Reason why is because Lately there are tons of pump and dump groups.
They get like 1000-10000 people in their group. Have a few good small trades and then decide to pump some small cap alt coin. This will lead to some crazy 2x-10x moves but the ones to buy last will be the ones holding the bag. Some careful out there.
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Our last recession was 2 years ago during covid.
Right now what we have is already a recession and the one we are in is stagflation. Basically record low unemployment , negative productivity and high inflation. It’s not good.
Every month people are hoping the inflation numbers or unemployment rates go up however not much is changing and it’s leading to higher fed rates which is causing all this bond market mess.
No idea when it will finally crack.
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Interesting concept but I don’t think it’ll work.
If there are any types of bond related to crypto it can be like corporate bonds such as the ones that banks issue to raise funds. Obviously a bank wouldn’t issue a bond like this but say Coinbase might.
Coinbase obviously won’t since they went public already to raise funds but they can issue some Bitcoin bonds and pay coupons based on some agreed upon rate.
It’s possible however I don’t think it will happen.
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You must admit that 2022 feels alot like 2018. I think many are expecting the $6K to play out very similar to the low we have now going on. However back in 2018 everybody was bullish in October 2018, right now 4 years later everybody is bearish.
So I would not be surprised instead of breaking $17.5K and heading lower towards $10K, that we break out of this tight range and start to go to $30K or $40K.
These days however its different due to the global markets being under fire. So its up to the economy. However there is a good chance that bitcoin might of bottomed already.
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I think that with all these predictions about bitcoin going to $3K or $5K or the very popular $10K area. I think we either bottomed at $17.5K or we will bottom somewhere in the $14-15K area.
Many people want to buy lower and usually when that happens its bottoms out. We are already trading sideways for weeks. This is similar to 2019 when everybody was calling for $1K which never came or 2015 when everybody was calling for $100 bitcoin.
Usually when the general public expects the opposite happens.
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Institutions don't really use technical analysis. If they do its maybe for some confirmation. They do more research and have more fundamentals. Maybe quantz are more into TA but institutions play the long game.
They are in it for months and years and they don't need to pin point a perfect entry. So they basically don't need to use moving average or divergences. And keep in mind that most TA is never perfect. Divergences don't always work. Its hard to tell whether it works unless its in hindsight. There are many divergences now but who knows if this is the actual low.
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Yeah the reason why they removed the leverage in Coinbase, yes they actually allowed leverage once, is because there was a flash crash on ETH due to the excess leverage.
No idea how they helped the users affected but they might of credited back many people. And since then they stay away from leverage trading. I am surprised they didn’t add it back. Even max 3x or so would be pretty safe in my opinion.
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I think it’s a cool concept but right now it’s nothing more than that. It’s futuristic and everything but I don’t see people using it right now. What is the point really.
This is similar to Bitcoin in 2008, at first you would look at Bitcoin and think “why would anyone actually use this” however now look at how Bitcoin has changed and how many people use it. Meta verse will be very similar.
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