I don’t know if the top was in November or if this cycle will extend itself by perhaps going to $75-80K before dropping. However I do think that the 200 WMA which is what you have on your chart is a good area for a generational long.

It has never closed below it and did wick under it during the covid scare. It is also trending upwards so depending on how long we stay in this area the 200 WMA might be in the $20-25K which is a great area for a long term cold storage position play.

Which wallets are you looking at? The only one I can find is the wallet starting with “dac17” and this wallet only has $589M in it left in the form of USDT.

So that’s around 4.7 more daily buys. Most likely this entire week will be very bullish and we can easily break $50K.

I heard they got $10B max however those are for the future. This week I think the most they can buy is with the $600M worth.

Yeah unfortunately that's the only way.

I remember going to a computer store and they had a unwrapped (no shrink-wrap) GPU. I asked can they open it up and if I can look at the GPU and see if I can read the name of the memory chips. Luckily these GPUs didn't have thermal pads on the memory and it was Hynix (or Samsung) which is what I wanted.

So I bought a few of these GPUs where the serial # was similar and they all had the same memory chips.

I got lucky because

1) The GPU was already pre-opened and it was no big deal to take out of the box to look. If it was sealed they wouldn't allow it.

2) No memory cooling so the name of the chip is not covered.

I am not 100% certain but I am not sure the current ETH ASICs can mine ETC. Some might some might not. Reason I know is because ETC forked for this reason to get rid of ASICs from its network. They did it because they wanted it to be GPU miners only and ASICs increase risk of 51% attack.

However I heard that the old Antminer E1 can be flashed with some firmware and it can mine ETC. I am not sure if the other ASICs can be flashed however.

All they did was change 1 parameter to render them unusable pretty much.

This doesn’t mean much. Prices on aliexpress change all the time. I think it’s the owner competing against one another or they are ramping up the price to later discount it and show that it’s on sale. I wouldn’t look too much into this. Wait a few more days and price will probably come back down.

Regarding GPU prices coming down? Well if the merge for ETH happens in June and it’s confirmed then it means that miners will be dumping GPUs since there is nothing else to mine really.

However this won’t happen until we get a set fork date and fork block. Maybe in 2 months time we will get provided this.

This is not an alternative. What about people who got kids, lots of cargo, or people who live in poor weather conditions. If you must resort to this you might as well just take a bus everywhere. That way you don’t have to worry about it getting stolen.

There is no short term solution to the energy crisis. I think governments won’t do much because they want people out of their gas guzzlers and into more economical vehicles. The people that will suffer are those driving mini vans because they got kids.

EV and the batteries for them they just can’t be designed fast enough. And with enough usage everyone’s power bill will be double and won’t seem as cheap as they make it out to be.

It’s a fire hazard. The motherboard doesn’t really use much power but there are certain chipsets on the motherboard. Called south bridge and north bridge. They are normally cooled by a heatsink. If you put it on a cardboard box the bottom of that chip generates a lot of heat and might catch on fire. Since in a regular computer case there is a gap between the bottom of the motherboard and inner of computer case.

I never had any fire issues however if you touch with your hand in that area you will see there is tons of heat centered in that area. So it’s better to be safe than sorry. At least put a gap between the cardboard box and motherboard like putting 4 corners on something metal so there is some ventilation there.

Mining throughout the years I made tons and tons of mistakes.

1) Keeping wallet.dat files for altcoins on the mining rigs. Ran into so many client wallets which had a virus on them.

2) Using SATA to power the GPU risers.

3) Keeping a motherboard sitting on the cardboard motherboard box, mining for weeks like that.

4) Putting an Antminer outside in the dead of winter. You would think this wouldn’t be an issue however they will crash and when they do, they won’t start mining again until you bring them inside to let thaw out.

5) Keeping a bunch of loud miners in my bedroom and then years later have difficulty sleeping without any fan noise. Need to keep a house fan on inside my room to fall asleep now. If it’s too silent I can’t fall asleep.

6) Instead of using reliable HDD/SSD being cheap and using USB sticks which die a few months later and need to reflash from scratch.

7) Being cheap and instead of getting a proper Network switch I just used old routers and had like 4-5 routers connected in series. Worked fine but tons and tons of CAT5 cable everywhere hanging.

First time using a air compressor to clean my fans. I set the compressor at the max PSI, and pointed at a fan to clean out the dust and it spun maybe at like 10000rpm and completely killed the fan bearing.

There are probably tons more. However these just come to memory.

This is not fake news. There is a wallet you can follow which shows the transactions being sent to Binance. So far for the last 4 days they sent $125M each day. People have been following the wallet and trying to front run the move.

They do a test transaction first like 40 USDT and then they do the actual $125M. They use some Jump type of strategy to buy them. Most likely TWAP.

Currently they got like $1B left in their account. However there is more according to the news reports. This is obviously bullish as bears won’t be shorting until he is done with his buys.

Ahh I see. I think this is the FTX Github,


So I basically clone all that and put it in my Python directory correct?

Ethereum Network Hashrate is currently: 955 TH/s
Etherecum Classic Network Hashrate is currently: 27 TH/s

Currently with 30MH/s you make $1 per GPU per day with ETC. Prior to any power costs.

If all the 955 TH/s switches to ETC, then the hashrate will become ~ 982 TH/s. Which means the difficulty will go up 36x. So basically the profits go down 36 times.

So $1 per day becomes $0.027 per day before any power costs.

Now lets assume that only half the hashrate are GPUs since the ETH ASICs cannot mine ETC. So 955/2=477TH/s. So ETC Network hashrate will become 504TH/s.

So basically instead of $0.027 per day it will be $0.053 per day. You basically need $0.015 kwh power to make nothing. Nobody except maybe in Iraq got 1 cent power.

Complete noobie here when it comes to fetching API data. I want to get historical data from FTX using their API. Their docs are here.
https://docs.ftx.com/#get-historical-index

I got Python installed and whenever I try and execute any of those scripts I get errors. Is there any beginners guide or some python imports I can download somewhere to make the API easier to execute?


Basically I would like to run this code


Which I got from following this guide


Which plots an actual graph. However I get errors because the none of the variables are defined and the algotrading101 doesn't have them stored anywhere. Seems like the guide is not helpful for beginners.

The reason why the prices are falling is because of the upcoming ETH merge and you won’t be able to mine ETH anymore. The Polaris held its value because it was a good value mining GPU, in terms of games there are other GPUs out there. So it’s value is mostly there as long as ETH is mineable which might disappear this June.

Most likely when the exact date and block is confirmed for the merger you will see that many sellers are increasing their supply and decreasing their prices because these GPUs won’t have much use. Unless you got like free power at work and will be happy making a nickel or dime a day per GPU mining etc.

I don’t see how it’s possible to hook up 10 GPUs to a 1000 watt PSU.

Maybe with a 1600Watt PSU it’s possible if you can rewrite some pins but most 1000 Watts won’t have 10 PCIe connectors to power all the GPUs.  The max is like 4 or 6, maybe 8 on some with series split ends.

Most likely what happened here wasn’t the under powered PSU but some wire melted because he connected it in series. Very possible with those PCIe plugs with 2 connectors but one wire running back to the PSU.

Do you not know that every coin has something called difficulty which keeps the daily mineable supply capped. Right now since ETH is still mineable most GPU mineable coins have a similar profit per day.

Here is an example.

ETC has a daily supply of 100 ETC.

With 1 miner, he would make 100 ETC a day.

With 100 miners, each would make 1 ETC a day.

This is assuming each miner has an equal hashrate.

There are millions Of GPUs mining ETH right now. If they switch to ETC the difficulty will skyrocket and daily profits per miner will shrink by a huge magnitude.

So listening and reading in on all the dev comments. It seems that unless there is some major bug discovered last minute, it seems the merge will happen in June 2022. Maybe July 2022.

The merge means finally end of POW mining for ETH and quite possibly for most GPUs out there in existence. GPU mining might be a thing of the past.

Everybody is saying. Oh there are other coins to mine. However they don’t realize that most of the mineable GPU coins out there, the miner reward is nowhere near that of ETH. And ETH mining was not only profitable due to its block reward, it was profitable most of the time due to its transaction fees. No other coin out there generated as much miner transaction fees as ETH.

I can see this being the end of the road for most GPUs in terms of mining. Most GPUs will go live a second life as a gamer or rendering GPU, not mining. Maybe 1-2% will go on and continue to mine ETC.

It’s great if you are a ETH holder. The merge will lower the issuance rate and increase the staking rate. So it’s good for ETH long term price.

So question is when will you start to sell your GPUs?

1) If you sell too early and the merge is delayed you might lose out on some profits.

2) If you sell a month before a confirmed block number is confirmed, you will miss out on one or two months profits but you will get top dollar for your gear.

3) If you wait until the block number is released or sell until the last block is mined you are going to compete with many other miners out there who are listing their GPUs on eBay, Kijiji, Facebook marketplace, Amazon, etc.

Probably in a month or so will start to liquidate some GPUs. Right now they are still easy to sell and you can get decent profit for them.

I am pretty sure the ETH POS will be sometime in June or July. When the exact date and block is confirmed. Every other miner is going to be listing their gear on Craigslist or eBay. And supply will be too high to get a decent price.

Profits aren’t that high enough where it’s worth it mining till the last minute.

POS will not come in 2023. The earliest is May, most likely it will come in June. If there are issues the latest is perhaps sometime in Q3 2022. However I don’t think it will be 2023.

In a couple months it’s time to think if we should start to sell GPUs while the prices are still decent. Unlike when ASICs were released for BTC or LTC. There was always sometime to mine. Now there is nothing with a high miner reward left to mine.

If you wait too late to sell you can lose out on tons of profit from the GPU resale value.

I haven’t heard about $300 oil but I heard tons of rumors about $200 oil about 2 weeks ago when we topped $135. It was one week after the invasion. And then crude oil tanked to less than $100 and now it’s going up to $122.

So there might of been this article published but it’s probably because they want people to buy oil contracts and make a big bull trap.

Either way. Before the invasion price of crude was going up anyways. This invasion just accelerated it. We need alternative and renewable energies and there just isn’t enough time for that. Even if everyone could buy an EV the raw materials and time to make the car would take too long.

Yes for every $10 increase in crude oil the inflation figure goes up by around 0.2% or 0.25% or so. And it’s not only because people spend more on gas but it’s because everything is delivered using oil pretty much.

So your Amazon orders, your Uber orders, your groceries all that will be affected in some way or another. Now we got this mess that Russia started and it’s only making matters worse. First covid, and now this. I wouldn’t be surprised if a recession starts this summer or fall.