Arbitrage was possible a few years ago however now you can forget about it unless you code a bot and got tons of funds and alts on many exchanges. Very rarely is there a large enough arbitrage trade which will yield you a profit, minus the trading fees and transaction fees, hence only way to do it is if you already own and hold the coins on multiple exchanges.

That way you are only paying the trading fee and not transaction fee since you don’t need to send the coins back and forth on the block chains. Hence it’s only for the market Makers and those who hold lots of coins and do lots of volume. As a small trader you pay higher fees as a market maker your fees are reduced because if you trade more volume they charge you less fees.

Most likely if it does come, it will be time to turn off the rigs, disassemble them and sell the GPUs on Craigslist. Then maybe perhaps buy some Litecoin or Bitcoin ASICS and mine with those.

Sure there are other coins however there aren’t that many and that is the problem. Many coins are ASIC dominated and many others are unminable. So there is a small batch of coins left, all mid or low cap in value. And if everybody starts to mine those coins the profits will be so low that even with free or cheap electricity it won’t be worth the hassle.

Well nobody knows if the bear market will come or not. Usually after a strong bull market there is a bear market but that is not always the case. The best time to start mining is when it’s a bear market, there is no competition for GPUs and you can make more coins with the lower difficulty.

Everybody like you wants to start in a bull market, and there are some risks to that. One is that since mining is profitable the GPUs are harder to come by and you pay a much larger premium. Another issue is that everybody wants to mine so the difficulty keeps going up and less profit for you and everybody else.

Yes the Appimage was pretty simple to get running. Just double clicked it and it opened right up. Got a quick question with Electrum 4.x

When I click an address I want to spend from, even if I am sending a very low amount, it combines all the unsent inputs (UTXO) even including some spamming dust transactions I've gotten, I don't want to spend those. Is there anyway to manually pick which UTXO you want to spend from like in Electrum 3.x ?

The only reason the drop was only 5% is because there is almost no leverage in the markets. The move was mostly spot driven. If we had the same amount of leverage that day as we had in April it would of been a 20% drop instead of 5%. Only a few people got liquidated on that drop.

As Bitcoin goes higher and higher and is on everyone’s radar again, we will get more OI and more leverage and higher funding and future rates. And then whenever we get a pullback it will be a nasty one. You can see this anytime Bitcoin was breaking ATH after ATH, the late longers were the ones that got liquidated.

Yes there are a lot of options available if the original fans are dead. On Amazon you can even buy an high quality after market cooling system with better heat pipes and fans than original, it’s all cheap because it only fits the old GPUs that nobody uses. Install is very easy, pretty much unscrew the old heatsink assembly and attach the new one. Would take less than an hour, maybe 30 mins.

Issue is no gamer wants to do this. Maybe they don’t have screwdrivers or maybe they just think they will break something. And if I would of installed this aftermarket cooling then nobody would buy the GPU because it would look different from the GPU pictured on the box and they would think it’s some counterfeit product.

From what I have found is that it’s hit or miss which risers are better or worse. I had these old old risers from 2016 or so and I figured I would upgrade them with newer ones which had more features and more available connections. And long story short , I got stability issues with a lot of them. Put my old ones back in and didn’t have any issues.

I don’t think it’s the version, it might of been how they were built or maybe how they were handled, maybe they got damaged in shipping, I don’t know. However if you got working risers now, just keep using them . Upgrading to new ones, unless you need some special connection it’s just not worth the issues you might encounter with the switch.

Truth is nobody knows exactly when POW will be phased out. It was actually suppose to be phased out back in Summer of 2016 and yet here we still are.

It’s true you can mine other Dagger hashimoto coins like ETC but they just don’t have enough market cap for the miner revenue to be worth it, you will be mining at a loss most likely. Because when it goes POS where do you think all those GPUs and ETH ASICS will go? Obviously for the next best profitable coin which will be ETC and the difficulty will skyrocket and revenue will be very little.

Generally those aren’t real bankers. They are only tellers. I don’t think you need much experience in the financial field to be a bank teller. You don’t know anything about the financial markets. I think that it’s against policy somewhere to give financial advice when you are not a financial analyst.

Someone can take their advice “short Bitcoin because bank teller said it’ll go to $0” and instead it goes to $200K and a law suit starts since they took their advice.

Day trading depends on the market. If the market is not moving don’t trade that day. There won’t be trades everyday. When I used to day trade i would use 3m-15m charts. Using 1m results in too much noise and 3m makes it more smooth.

However keep in mind, you are better off using something like 1H if you want to be successful and then move into the lower timeframe for higher risk trades. Because the higher time frame trades usually end up working out unlike the mess that sometimes you see on the 1m charts.

I can see it just now. People saying “I’ll take partial profits at ATH” and it’ll go to ATH and then they will say “I’ll take partial profits at $100K” and it’ll go to like $99K and head back down to like $50K and people will be like “I’ll take profits at old ATH $64 if it gets there” and most likely it never does and they end up selling at the bottom if there is a bear market.

Greed is a very powerful emotion, especially when we are getting 5% days and all over TV and everywhere people are calling for $250k to like $10,000,000 which that Saylor guy commented earlier today. And in the end they end up losing out due to greed. It can’t go up forever.

You can also try eBay,

It’s the safest place for a buyer and the most risky place for a seller, especially during a bull market.

Generally eBay always sides with the buyer. So in the past people bought ASICS or GPUs and then a bear market started and they found out the hard way how mining is actually no full proof and instead of taking the loss they make a claim saying “product not as described” and people are forced to accept a return on a used item.

No. Not every POW algo is memory intensive.

The original Bitcoin algo Sha256D is not memory intensive at all hence why it’s easy to code on FGPA and make ASICS for it.

Remember dual mining? How do you think it was possible? It was possible because ETH algo spent most of its time searching its memory while the compute part was sitting idle most of the time. So the way dual mining was possible was if it was combined with another algo like sha256 which is nothing but computations with no memory work pretty much.

Yeah I Had a bunch of these and was selling them for decent price when covid hit and people were stuck at home with nothing to do. They didn’t want to pay $500 for a newer GPU but they didn’t mind paying $50-100 for these old GPUs, some even just crossfire them.

The issue is that half of my Tahiti had dead fans. So I figured a fan is like $10 on Amazon so I’ll discount $20-30 or so and guess what, not a single buyer. Apparently nobody wants to deal with broken fans and they just buy something else.

So if you got one with good fans, sell it but if it needs minor fan work then good luck finding a buyer.

The Bitcoin etf news is important now because it actually had a good chance of being approved. The spot ETF were rejected in the past because the issue with custody of physical bitcoins would be difficult. Imagine the cold storage holding those coins ends up hacked or loses the ETFs holdings, what would happen then. Too risky.

However there ETFs are just following the Bitcoin CME futures ETFs which are cash settled. Seems more safer and it’s been 4 years and the Bitcoin futures were pretty reliable without any issues such as massive liquidations.

So there is a good chance one of them or all the future ETFs will be approved.

Most likely he is talking about the ASIC chips found in the L3. Sometimes one can fail and you can take from another dead board and get the board up and running again.

They are an extreme pain to remove however. Even with the proper equipment they are difficult to remove without damaging the PCB or the ASIC themselves.

So my guess is your resistance is off because most likely you
Damaged the chip when you were removing it.

Removing is difficult, installation is very easy.

The way that the Tahiti chip (Radeon 7950 7970 280x) work is their speed is dependent on their DAG. If you are mining epoch #1 it will hash at like 28mh/s and as the dag goes up and up it will slow down a little. Back in early 2016 they hashed ETH at 20mhs but in 2017 they hashed at like 12mhs because the dag got too big.

So you can use them now for ETC but keep in mind they will keep slowing down and down. And they generally burn 200 watts per 20mhs with undervolt and underclock.

You are better off selling them to gamers to be honest than mining.

I don't think it will reach $100K by December. There are way too many people that will be taking profit at $100K or even $99K or so. It will be a very tough resistance to crack and will take a few tries. I think if we breach the old ATH then we will quickly go higher and higher, however the top might be like $78K before it drops back down. You need to realise that if too many people think that "Since ATH broke, $100K is next" then obviously the opposite will happen.

This is what concerns me. Too many people are getting very bullish and there are celebrities pumping NFTS and scam altcoins all over Twitter. Once ATH breaks all hell is going to break lose and people will be fomo in like crazy, however it doesn't mean that $100K is going to be broken by December. Keep in mind many people who bought at $20K will probably want to take profit somewhere around $80K since they are worried how it might lose 50% of its value again when it touched $64K and went down to $29K.

If there is enough memory, then any GPU should be able to mine any coin as long as there is some software developer to make the algo work. One reason why many miner developers don't make their miners work with old GPUs is because they don't see it as being worth the effort. If less than 1% would use their software , it might not be worth spending hundreds of hours perfecting the algo to make that GPU efficient.

Newer GPUs are a different story. Miner developers know that current GPUs and they will do what they can to make them efficient and fast because they know people will use their software. However as the GPU gets older and older and uses too much power, less and less people use it and eventually the miners just sell them to some gamers or youtube rendering people.

He is basically being unrealistic. He thinks that someone has some insider knowledge say "Bitcoin ETF will be Approved on Oct 18" and he thinks that this individual will just PM him this information for free just because he asks, this is not how it works in the financial world.

You need to ask yourself, why would someone give this information away for free when you would become their competition pretty much. You would also buy the coin and the price would go up and he would have to overpay and make less money in the future when he sells. Exactly they wouldn't, unless they wanted to scam you into buying some low volume small cap coin that they are trying to pump.