It’s hard to say what kind of month we will have in March. There is just way too much going on.
We are going to have the first fed rate increase and it’s basically going to be a game changer if it’s 25bps or 50bps. With the war going on we are leaning more towards 25bps right now.
There is the El Salvador Bitcoin bond which is very bullish. And of course there is the WW3 talk going on how Russians are buying Bitcoin to escape sanctions.
Will be a busy month.
|
|
|
Generally I reuse them unless I know that I can get the right size and shape from a supplier. Because sometimes you get some which are too thin or too thick and you run into issues.
Depending on how old the card is, you can usually reuse all of the pads except the main thermal paste on the GPU. It’s too bad the memory chips weren’t made of a similar material like the GPU chip where all it needed was some thin layer of thermal paste. Would of been much easier for maintainance.
|
|
|
Yeah trading is more profitable during a bull market. However with a war looming I don’t think many ex-miners who got no experience in the markets will do well.
My advice I learnt from bitcointalk mining section is just stick with mining, don’t try to be a day trader. I’ve seen many miners who made great income with mining only to lose it all when they try their luck against trading. Seen usually the worst for those who try leverage trading especially Bitcoin futures on 100x leverage. Just stick to mining or holding.
|
|
|
It’s very hard to get an accurate rate of the Ruble currency. It seems that there are many markets however the prices are different everywhere.
From banking sources it seems the price is over 100 rubles per dollar however if you check on Binance, the pair against USDT the price is around 90 rubles. If you check Forex it seems it’s completely frozen with a huge spike around 100.
Other forex pairs are still frozen and not moving. My guess is that it’s maybe because it’s too early and Russian banks aren’t opened yet but forex is suppose to trade 24 hours during the week, very strange.
|
|
|
What happened was, they made the post and later on it was removed. So Vitalik warned everyone not to donate because it seemed that the Ukraine Twitter account might be hacked.
However I think they basically decided to get USDT on erc20 and also ETH to the same address instead of on Tron network. So they made another post shortly After. However Vitalik confirmed the addresses and they are legit so they are going to the actual Ukraine government.
|
|
|
USA has nothing against crypto. It added an ETF and it supports many jobs for big companies like Coinbase or Gemini. The fact that donations to Ukraine were made by crypto won’t change the legal stance on cryptos by countries. It’s a great gesture and already around $15M was raised so far.
Hopefully these funds will go in the right hands however. With donations you never know where it goes. However Vitalik confirmed the addresses and it will indeed go to the government and whether it’s to buy weapons or food for the hungry is most likely where it will go.
|
|
|
People buy them for various reasons.
The most common one is someone is new and has no idea that they consume more power than profit is generated. Most sellers never disclose this.
Another reason is if someone has free power like at a University and they don’t care about efficiency.
Then there are those that want to dip their toes into crypto and do it more as a hobby rather than making a profit. So they don’t care if it’s inefficient or not.
|
|
|
Dual mining will make sense in bear market even when ETH is out of the list of PoW coins, the trick is to hold for few years before selling so TON, ERGO, Conflux, Ravencoin, Alephium and few others looks promising enough.
Dual mining is never profitable in the long run. And those small cap coins are most likely going to lose 99% instead of gaining 500% due to how it’s the faith of most alts. Even if it becomes big, most dual mine coins are an easy ASIC or FGPA risk. If they are profitable enough then a ASIC can easily be developed for them and will blow GPUs out of the water pretty much.
|
|
|
Don’t change the Thermal pads. The temperature is perfectly fine. If you change them there is a good chance you won’t buy the right ones and you will either have overheating issues on the memory due to the pads being too thin or you will have overheating issues on the core due to the pads being too thick.
For some reason it’s very difficult to source the correct pads for the memory and VRMs components. Many suppliers sell you the wrong material or size/thickness and you pretty much dig the old ones out of the garbage and put them back in, at least that’s how it was for me.
|
|
|
In my area the cost of electricity pretty much doubled to what I was paying back in the previous bear markets. So if this area of support that we are on right now doesn’t hold, then will most likely be game over for me.
However like all markets it’s hard to predict this. Last week seemed like a capitulation week where stocks and crypto crashed hard and then reversed. So depending how long this war lasts, we will see how the rest of the year will turn out. I think the bottom was $33K.
|
|
|
Something tells me that Putin being as smart as he is. He knew all these sanctions and SWIFT disconnection would happen and he prepared well in advance a few years back.
From what I gathered many of the Russian money is overseas pretty much and has been accumulating for the last few years, they also own tons of Gold. So there is a good chance that most of the money in Russian banks are not Putin’s but the citizens of Russia which will hurt the most. Heard there is a withdraw limit in place even.
|
|
|
Yes Putin already is very rich and there are tons of rich people already in Russia. He is not doing this to make money. I don’t know exactly what his motives are but I think he wants to bring back the USSR pretty much. Wants to control more people.
When you got all the money in the world, you probably want to have control over a larger population. He wants to invade the capital and take control and hope people of Ukraine will follow him, whether that will work or not is anyone’s guess.
|
|
|
I looked into this and this really doesn’t affect Russia as much as you think. Most of the shares are owned by people outside of Russia, typically Americans. So they are the ones taking the brunt of the loses and not Russian population.
The fact that they closed the markets and banned short selling you can see why it fell close to 50%. I think on CNN or Bloomberg they said this was the worst stock market crash in any nation ever since the creation of the stock markets. And it was mostly due to poor liquidity and massive panic.
|
|
|
2 days ago when the invasion started many expected a massive stock market crash and crypto crash. What happened? The complete opposite.
Why it reversed its hard to say. Some say that it’s because of capital flight to stocks from declining currencies. Some say that the sanctions are not that strict. Others say that unless Russia attacks another country then they will assume that it doesn’t affect most of the world. Most people are still working and going to school.
If you look at past wars, usually the invasion is the bottom and stocks reverse from there.
|
|
|
Generally there is a saying “When the rich wage war it’s usually the poor who die”. And that statement is true. There are many who will benefit from war. Certain stocks like arms and military equipment manufacturing. Price of crude is thru the roof. Many benefitted from that who knew the invasion would happen.
Who loses? Everybody else. Inflation is crazy high. Will get higher with higher gas prices. Food will cost more, so will everything else pretty much. War is good for a small number of people but for most it’s bad.
|
|
|
I am surprised they didn’t do the SWIFT ban on Russian since they all did the sanctions and they also forbid to do business with many Russian banks.
Why do they refuse to ban SWIFT exactly? They are afraid some companies will have trouble sending and receiving money from banks? But aren’t they sanctioned anyways from doing business with Russia anyways. This is what I don’t understand.
I hope you stay safe. Hope this conflict ends soon.
|
|
|
Another thing to consider is what is bitcoins ATH before the 80% drawdown.
Back in 2017 we went from $1000 to $20000 so a 85% drawdown to $3500 was not unheard of. However in 2021 we broke $20K and went to almost. $70K so it’s probably not the same scenario.
If we went to something crazy like $150000 then I could see a 80-90% drawdown in the future. Alts are completely different however.
|
|
|
If $30K gets touched again I don’t see it holding again. Most likely last night was the low. Even right now there is fighting going On and the markets are still going up. Seems this war is not affecting the markets anymore.
I wonder how many people sold at a loss yesterday when there was massive panic. And later on in a few hours everything completely reversed. Basically markets don’t make sense anymore.
|
|
|
Molex is perfectly fine, usually the pins are much more durable than SATA and almost never did I have an issue where they melted. The issue with molex is that you don’t have much to work with with most PSU. There are usually much more SATA than Molex connectors.
If you run out of molex just get those risers with a PCEi connection and use that instead. That will never have issues with melting since the current is way more than enough to handle.
|
|
|
Yes the stuff he says is hard to believe. You almost think who ever wrote it is making it up. Feel bad for all those people out there. Didn’t really think it would come to this but looking at what’s going on in the airport it all became a reality.
Hopefully he will come to his senses sooner than later so people don’t have to die due to this conflict, we will know more tomorrow when Biden steps in and hopefully calls an end to this. Going to be a long night.
|
|
|
|