Let me guess. Is this the Dual-X Sapphire R9 280X?

Yeah I had the same issue. Started to mine ETH with one years ago. All of a sudden came home with rig turned off. Started it back up and poof.

Opened it up and some MOSFET or some VRM had burn't out. So I desoldered it for fun. And started it back up and it worked. Undervolted it and underclocked it. A few days later another MOSFET went. So its been for parts ever since.

I gamed with it for a while and it was fine but as soon as I tried mining ETH, it completely went up in smoke instantely.

The hash change was mostly to lower the DAG because the network was getting 50% attacked. They figured many <4GB could be mining and secure the network. So this is why they forked to a lower DAG.

The algo however was also changed and the original Antminer ETH asics couldn't mine it until months later when some firmware fix was released. If they wanted to keep ASICs on, they wouldn't of made this drastic change.

What I don’t understand is her GF giving her that referral code even if she couldn’t withdraw from it. I mean usually a friend wouldn’t want to screw over another friend.

So either her girlfriend didn’t know it was a scam because she never tried to withdraw or there is something fishy going on.

Either way, in the future you need to google the site and make sure you read reviews about people who used the service before. And never use a service who was in operation for such little time.

I think one reason how many of these funds make money is that their time frame is much larger than most traders. Most traders who are trading Bitcoin usually trade the 5 minute chart and enter a trade for 1 hour and then they exit. Their profits are usually less than 1% or so.

With all these big funds they buy and hold for many months or years. So they don’t care if they bought too early and are underwater for a while, most retail people can’t do that.

So even if you paid the $500K, most likely the strategy wouldn’t work for you anyways.

Yes I find this is the #1 mistake that is made by most newbies getting into mining. They go on Craigslist and see some ASIC for cheap, they find out they can make like $5 a day with it while only costing $50. Only later to realize that it uses $10 worth of electricity to make those $5. Very common mistake with most people.

Can all the current ETH ASICs even mine ETC? Isn’t the reason why ETC forked their algo was to keep ASICs out and to lower the dag memory requirement?

It will be interesting however when the switch happens. We will see how many ASICs and GPUs actually are out there.

Will it be profitable to mine anything? Not at these prices. Etc price is way too small to make it mineable if all the hash rate points to ETC from ETH.

It’s hard to say what will happen. Some miners of small cap coins got lucky in the past and held and sold during strong bull runs for 10x gains however there are some projects out there that simply failed and they didn’t make anything.

If you are just mining with 20% it’s fine but keep in mind that there is no guarantee the coin will go to ATH again. Many alts can lose 90% and you think it bottomed but it loses another 90%.

All I understand is that if you look at the yields they topped a couple of months back. And many are assuming that the fed will raise rates only till end of 2022 and then they be flat or even cut rates. And this is mostly why the markets have rallied.

Unless there is some drastic changes like some major lockdowns I don’t see the stance changing. Most likely inflation is at a top and will go down from here and fed predicts in a year we will get 2% inflation which is ideal. So stocks and cryptos should keep on rallying.

Depends where you want to mine. If it’s in your bedroom then I would go with GPUs because ASICs are crazy loud and you cannot sleep or live in the same room as them.

However if you got room in your basement and aren’t good with building computers then you should just go the asic route. Basically plug in a PSU and network cable and you are all set. Nothing else to configure except your pool info.

Easiest way to tell it’s a scam is if the prices are too good. That is usually a dead give a way. A scammer normally would overcharge on their goods.

But in the future you just need to google the domain and you will know whether it’s legit or not. Don’t buy from any site until there are comments and reviews from other users who actually received a product.

This forum is a great resource.

Bitcoins rally I would say is weak to say compared to alts or ETH. However this rally is not a surprise. This is basically due to the fact that Bitcoin follows risk on assets like stocks and risk on assets have bottom when the bond markets have reversed.

Basically bond market traders know that the fed will ease on its rate hikes in 2023, and there is a good chance it might cut them. I think the hint was the lower oil prices. And it means inflation has peaked and hence why Bitcoin and everything is rallying.

For the next cycle will be maybe around $100K or so. Maybe $150K, we aren’t going to get a 20x type of move like we did in the past. The higher it goes the higher the market cap will be and hence why you can’t expect crazy $1M predictions and such.

Also keep in mind that it doesn’t matter what price it tops at, matters what your average is. Say it tops at $150K and you bought at $15K you still get a 10x in your return.

This is not a good indicator. It has been falling for a very long time and if you actually took trading advise by looking at this metric you would be severely underwater.

I mentioned this many times before. The higher that Bitcoin goes the less people will keep on an exchange. Back in 2012 when it was like $50 a coin, people held maybe 50-100 because the value wasn’t that much. Now it’s completely different. Even 1 coin is too much to lose so people withdraw it to their cold storage. 

Keep in mind that these trading firms aren’t always correct. Many took leverage bets in the past and went bust. This is how 3AC went under. They were known for being a great trading firm and later was revealed that they were nothing but de gens and used too much leverage in the markets.

They went under and took down many other platforms which lent them funds. It was easy making money in a bull market however when the markets turned they started to lose money like everyone else.

Well right now if you ask around, most people will think the same. It doesn’t seem like we are in a recession. We got great job reports and shortage of workers everywhere. People are buying everything like crazy and over paying and causing inflation to go up even higher. People got jobs, businesses make money, everyone is happy. Doesn’t sound like a recession.

However the technicals suggest we might head into one because this path we are on is not sustainable. Inflation can’t go up 1% every month and unemployment numbers can’t be this low. Eventually it will crack, the question is when.

The global markets have a stronger sentiment now . Especially how they reacted with the CPI and fed rate hikes recently. This is why BTC and ETH especially seems to be recovering.

However it’s hard to say if it’s the bottom. Keep in mind that next month is when MtGox coins will finally move. And depending on how many of those holders decide to sell we might get another run at the low of the year. Unless the distribution gets delayed again.

Yes it’s possible but most likely we won’t see ATH before the end of the year. We are getting many reports like this because of what is happening with the bond markets.

Many traders are expecting the fed to ease and cut rates in 2023. With oil being down, it seems inflation next month won’t be as high as before. And hence why the markets have small rallies including Bitcoin. But until they cut rates we won’t see new ATH most likely until 2023.

Link doesn’t work but I am assuming you want to use 3 PSU for a single rig.

Can you do it? Sure. I’ve done it before without using any special devices.

Just make sure all PSU are grounded together somewhere and DO NOT mix any of the +12V. Which means if a GPU takes 2 connections then you must connect to the same PSU or else you will destroy equipment.

When we were at $64K many people including myself assumed it was the top. But when we broke $64K and hit $69K it didn’t seem like the top.

Most knew the top would be somewhere close but not at $69K. I even assumed it would be at $75K but definitely not $100K. Hence why there aren’t too many that predicted the top correctly.

I remember back when we were at $60K. I told people to buy at 200 WMA which was like $25K. And people called me crazy.

Now it’s the complete opposite. When it’s a good time to buy people are saying Bitcoin is dead or that they will buy it at $10000 or something like $4000 instead.

Huge sentiment shift.