What country are you in?

In my area it’s business as usual. Gas stations are just as busy with record high price of gasoline. Malls and restaurants also busy.

The stock market however? I frequent wallstreetbets and it looks like the last 6 months cleaned out many traders. The activity there is slower than usual. Pointing to retail market getting wiped out with all these bad earnings .

Today was an interesting day. This entire week Bitcoin was correlated with stocks. There were many bad earnings such as Netflix and Facebook and Bitcoin tanked at the same time as the stock markets. And yesterday when Amazon’s earnings came out it also went up with the stock markets.

However this morning the stock market was going down but Bitcoin was going up, it was actually decoupled before later on the stock market caught a bid and went up also.

So it seems many are selling certain stocks and going into bitcoin. So this month looks much more bullish than the last.

You can do this but like everybody here has commented. It will cost your more to rent the hash than if you just mined it yourself.

If you want to solo mine then you will need to make your own pool first. And when you rent the hash you point to that pool. So sure you save 1% from pool fees but you are paying a premium and fees for that hashpower. It’s lose lose situation unless you get lucky and find a block.

Intel will also start to build GPUs to compete with AMD and Nvidia however this isn’t about GPUs. They are making an actual sha256d algo ASIC chip, not a GPU.

Their competition right now is Bitmain pretty much. And it will be interesting to see how much more efficient they can make their ASICS compared to Bitmain.

I wonder if they will build an entire ASIC or if they will just sell the chips for other companies to put it inside a PCB and build an ASIC like the Antminer.

What a privilege it must be for one of the largest chip producers to finally start making an Bitcoin mining ASIC. When I got into mining years ago never would I assumed the Bitmains competitor will actually be Intel.

So obviously it won’t be cheap. However given Bitmain build quality at least it will be reliable. Wonder if it will actually be for the masses or if it’s some small batch sold to a select few large farms.

Should be interesting seeing what is announced in a couple of weeks.

Those brokers I never used but I used similar ones about 10 years ago when trading forex. When you take a trade, the trade is not routed to an actual exchange, you are trading against the broker and not exchange. So if you lose money then everything is great.

The issue is when you make a profit. They will freeze your account typically and say you violated some terms. The most common one these brokers use is saying that their feed was lagging and you knew prices ahead of time and took advantage. That’s a big no and they will close your account, forfeit the profits and you might get your deposit back if you are lucky.

Stay away from them.

Unless he used some type of video editing he might of inflated the hashrate by playing around with the drivers or bios. I know with AMD cards if you tune them incorrectly, especially the memory straps you will start mining and see crazy high hashrate usually 100% faster.

For example I modded my straps incorrectly and my RX 470 which hashed at 30mhs was showing as 60mhs. The issue is that every share that it found was incorrect or it got massive hardware errors.

So he probably recorded a few seconds without errors and made this video to scam people.

There are tons of projects released every day however most of them are not mineable. They go straight for the ERC20 tokens either on one of the main chains.

Back in 2015 you got maybe 1 or 2 new coins which were pretty much Litecoin clones and you could instamine them and in a day or two they got listed on a large exchange.

That doesn’t happen anymore these days. POW is a dying trend. The future is POS or tokens and it’s not good for home miners.

I didn’t go to the website but it’s most likely a scam. Basically anything with NFT in its name and Shiba especially you know they are just trying to run off the meme and NFT popularity.

Shiba most likely is going to keep correcting and I don’t think it found a bottom yet. Dogecoin I think has a better chance of perhaps finding a bottom in the 5 cent range or so however I don’t think Shiba is as popular because Tesla at least accepts doge in its merch store.

The way I see it is you need to look at all the global markets. Right now price of oil is heading higher due to the Russian conflicts. Higher prices of oil, inflation will be higher. To curb inflation the rate will raise rates more than estimated. If that happens then stock markets which are already very volatile and week will tumble even further.

Where Bitcoin comes in is that it’s basically in the middle of all this. When people are panicking the panic will go to the stock market also. So it will sell off. Unless there is some stability into the stock market then I don’t see $100K anytime soon.

Stocks need to at least range or go up slightly for there to be a new ATH for Bitcoin. Right now i think that is months and months away.

If you guys have been following the stock market, you can see that large cap stocks like Netflix, PayPal, Snapchat, Facebook, Amazon are all trading like alt coins pretty much. Never did I think a near 1 Trillion market cap stock could drop almost 30% in a day.

Basically Bitcoin is following all this action. When Facebook dropped so did Bitcoin. When Amazon pumped so did Bitcoin. So the future of Bitcoin depends largely how the stock market does in the next few weeks. If we keep getting these bad earnings then I can see Bitcoin hitting $25K sometime in the next month or two.

I’m not even going to bother watching the video because most likely it’s a scam to download the malware. The user made a fake video to get naive people to download some software most likely. The software will try and steal any actual crypto kept on a online computer.

The give a way is usually blocked comments and usually posts something such as above where doing some “software” trick will lead to a faster hashing speed which is simply not possible.

I think a lot of the anti-work has a certain point. However to not actually work at all is not wise because unless you live with your parents you need an income to survive.

The purpose of it is to realize you are being under paid and mistreated and to quit and find a job where your employer will respect you. It will eventually work if enough people do it. There have been report of certain Mcdonalds location who had to up their pay or else the location would have to close.

Big companies like McDonald’s can afford to pay a fair living wage and not make a burger cost $10. But that’s not their main goal, their main goal is for the corporation to make the most net profit and keep shareholders happy.

Today on CNBC there was a bit about Bitcoin. It was mostly bearish, they posted a chart with the trend line resistance we are all talking about and they are predicting a drop to $20K maybe even as low as $10K.

Now whenever anyone like CNBC, makes these predictions usually the complete opposite happens. You guys know that Jim Cramer guy, most of his predictions are bad. He said to buy Netflix before earnings and tanked 25%, and I think he also told people to buy Facebook and it also tanked. There are too many bearish people right now so there is a good chance it won’t go lower than $33K.

Before voting I had a feeling most would be bearish. And when people are bearish and the chart looks very bad, usually the opposite will happen.

I really want to open a short here however with the massive bearish sentiment, negative funding rate, calls on CNBC for $10K Bitcoin, I am pretty sure $33K was the low and it’ll go up from here.

No don’t use any of those brokers. You will never see your money ever again. They are known as bucket shop brokers and they don’t trade on the open markets. When you open a trade you are trading against them, and only way you make money is if they lose money. And they will use every excuse in their terms not to pay out.

Use a real broker like Binance or FTX. You are trading against other traders there and the exchange doesn’t care if you win or lose. They only get paid with their commissions.

Nobody said that mining is risk free. There are some risks. If you can sell for almost what you paid then just get out or sell at a small loss.

If the market drops further there will be other miners selling their GPUs and increasing supply and the price will decrease across the board.

Also like others said, if you got cheap power then you can remain profitable longer than most and you should just stay in however if you are getting worried then get out soon.

Those USB miners sticks were typically developed so people can get an intro to mining without having to spend tons of money. They were never designed to be used as money making miners.

Usually people bought them as a hobby and were just messing around with them. They are only available for Sha256 and Scrypt Algos and nothing for ETH.

Since ETH requires a DAG I don’t see a usb stick miner being possible.

My advice to you is to go to etherscan and observe the fees there and only do transactions when fees are low. Lately the fees have been reasonable. It was possible earlier this week to send an ETH transaction for $3 and a ERC20 transfer for $10.

The best time typically is during the weekend, usually on Saturdays or early Sunday’s. There is usually low liquidity those days so many Defi are not traded and hence the lower prices.

There are many metrics and indicators such as that. However you need to realize that they can all be too early and you might buy now but it can still go lower.

One popular one is that greed and fear index, usually it predicts bottoms very well but almost each time the indicator goes off when it’s way too early, leading people to get bull trapped.