It seems that bitcoin is becoming correlated again with the stock indicies. You can clearly see whenever the stock market has a sell-off so does bitcoin. So you need to consider this. Generally in the stock market, Sept is usually a bearish or sideways month. So bitcoin is generally trading neutral in September. If you look at all the years since bitcoins creation you will see that Sept is not a "very bullish" month, its mostly a doji or small candlestick.

The months which are important are going to be Oct-Nov. Usually that is when Bitcoin has a great month. And there is speculation that during the Summer, alot of companies put bitcoin on their balance shit and these earnings will be coming out at around the same time. So if BTC is to make a new ATH, it will most likely either be in those months. If it doesn't then most likely it'll trade sideways for the next 6 months or so.

There are many pros and cons for both.

Sure GPUs are better because you can move to a different algo or sell to some gamer or some Youtube Vloggers however they aren't perfect.

Its easy for a young person to get a few GPUs and build a few rigs, however for less technical people ASICs are easier. All you need to do with an ASIC is basically plug in the PCIe connectors, and set up your pool in config and you are set for a few months.

GPUs take forever to set up, you get more crashes, and they take up more room. Sometimes they crash in a way where you need to do a hard reset. Which is different if you don't live with the GPUs are held.

If you have these RX series GPUs and you found that in the past they ran at ~70C and then all of a sudden they run at 80C then most likely the issue is the fans. NOT THE THERMAL PASTE. You look at the fans and they are spinning however if the bearing is weak, what happens it doesn't spin fast enough.

So you assume its the thermal paste, did the thermal paste job and you got the same issue. What helps is to swap the fans with a working GPU and see if the problem goes away. And you will find that it usually fixes the issue. Not all fans fail by stop spinning or making a grinding noise. Some basically don't spin as fast as they should and need to be replaced.

Your best bet is to go on Facebook marketplace and Craiglist/Kijiji and set alerts for "RX 470/480/570/580" GPUs. Sometimes somebody will list some for like $100 because they don't know what its worth or just want to get rid of it ASAP. But you will need to pick these up right away because most likely every hour or so somebody else will contact that person and want to buy it also.

Generally if you don't pick it up right away they will sell to somebody else. Basically "First to pickup". Or some people are even more sneaky and they just remove the listing, say it sold, and relist it at a mark up. However if you tell them you are on the way, generally they will sell it to you at the posted price. I had one guy who was like "Dude, can you pay more because I got tons of people messanging me and they can offer me more money". I told them I can't afford anymore and I am outside their place and they usually will feel bad for you and sell it at the posted price. Its tough out there.

When it comes to ASICS they are more or less the same. They all cost similar for the amount of profit they generate. One thing you need to consider before you jump in is that there is something called difficulty which keeps the supply capped.

So say you buy some ASICS and they generate $100 a day at $50000 BTC price. However one thing you need to consider is that in the future if 10% more people start to mine BTC like you, you will make 10% less. So instead of $100 a day you will make $90.

Make sure you are aware of this.

I ran some of the RX gpus at those temps and didn't have any issues. What I found was that if the temps go into the >80C areas it means you need to either improve airflow, move away from other GPUs, undervolt more, underclock more. Because running those GPUs at >80C is not ideal.

Do you have more than 3 of those RX series? Are the temps lower on all your cards but only hot on those 3? This is with the same algo? If 3 of them are running hot but the rest are fine, I think the fans might be bad. They might spin however they might spin at a slower speed than you think and hence why it overheats for some odd reason.

The GTX970 was a very good gaming card and it still is, however it was never a good mining card. I remember back in 2016 many people had this card and the speed wasn't the best and later on I think there was some issues where the DAG got over a certain Epoch and it didn't function right.

Your best bet is to list it on Craiglist and try and buy an RX 470 8GB or any of the RX series but it needs to be 8GB, you might need to add a little however that GPU you will be able to mine ETH at 30mh/s. And you won't have to worry about any DAG issues because the 8GB memory is going to most likely last longer than ETH POW.

I see 2 scenarios happening, most likely won't happen until Oct/Nov because Sept is usually a bearish/neutral month.

If Bitcoin doesn't close below $40K on the weekly, I see if breaking the ATH and maybe going to like $75K or so in late 2021.

If it closes below $40K then, I see it either trading sideways or going to the $28K or even attempting to retest the previous 2017 ATH of $20K. Keep in mind that this might be a repeat of 2018 where everybody was expecting Nov to be a bullish month and instead it was the opposite. So its still a possibility that this will happen. Right now very little volatility and we are getting BARTS and pretty much trading with Pumps and Dumps due to low volumes.

Login to your pool account. You can usually do this by just putting in your mining address or use the user/pass when you signed up.

You will see how many workers are active, average speed, a graph of your performance from the day and more. And there will be an option which shows your current miner profits. Usually when this exceeds the min payout you will get a payment sent. However you will need to mine longer because with 1 GPU it will take a while to get the min payout.

If you want payment faster then mine some other coin like ETC instead. Right now I think the profits are about the same last time I checked.

Unfortunately since crypto trades all day, you should trade it full time, or even sometimes 12-16 hours a day because you never know when the market might move. When the market moves... you need to be on alert.

If you do it part time you will miss a lot of trades. You will end up trading out of boredom and lose money. You can always use limit orders however you will end up with a lot of bad trades that way because you have no idea if the support or resistance area actually holds. Usually support will completely break thru and you will end up getting a limit fill and later on your stop will hit. If you are trading live you can watch and see if support holds if it holds you can enter then, instead of just guessing.

So trading full time is preferred if you want to make some actual money.

Yeah looking at the above chart from back in middle of Aug, seems that the POV was around $56K. Meaning that most people entered at around that price. This is important because it means that those which are fearful are probably wanting to get out at break even from a near 50% loss.

I actually had a limit sell order to hedge some of my stack around $54-55K and unfortunately looks like I got front run by about $1-2k or so. Seems most of the other traders were also thinking the same and sold before those levels.

So if those levels clear, means we should hit new ATH sometime in Oct/Nov.

Been a while since I checked on these indicators but from what I remember they work half the time and the other time they are nothing but traps. They are not perfect indicators because they are lagging indicators so you are pretty much entering every trade very late.

So when Bitcoin has a very strong bull trend or bear trend is beginning then they are reliable however if it’s trading sideways which it might until Oct then you will get chopped to bits taking the trade back and forth. I wouldn’t rely on this indicator alone.

Before I clicked the thread I assumed someone had a basement full of LTC miners or a few server racks of Ryzen processors. Then when I clicked the link and saw that they wanted to solo mine with a Raspberry Pi, at first I decided to check the date if it was perhaps a thread from 2014 but it was indeed current.

I had a few ancient miners like the S3 which are undervolted and underclocked and are near silent and I can easy run then next to my bed but even something using 300Watts it’s a complete waste of time. The raspberry pie uses what? Maybe 1 watts at most?

OP, it’s a waste of time. I don’t even think you would find a min difficulty share and probably never enough to make the min pool withdraw.

I think there is some spam campaign going on this forum because I keep seeing masternode posts everywhere. There is at least 3 threads here in the mining section and might be more threads elsewhere on bitcointalk. I think the coin that they are pushing is some masternode coin called DIVI or something similar.

If you really want to go the masternode route, stick to dedicated old coins like Dash and only use trusted pools if you got less than the minimum or just use a self hosted server if you got money in the 6 figure ranges.

ETH if you want to stake, which is similar to Masternodes you will need 32ETH.

Bitmain does provide warranty for their ASICs and they do have a USA warranty address. I think years ago it was a pain because the ASICS were much cheaper back then and the shipping all the way to China would sometimes not make sense, especially when you factor in the lost revenue.

However now you can send it to California somewhere and the turn around time should be much quicker. I also think it matters how it broke. If you got lucky and its burnt, then obviously they won't repair it but send you a new one. However if the hashboard looks fine, then they might take a few days to diagnose to test a few components here and there and this is what wlll be time consuming.

Its the same with GPUs. If the GPU is burnt, they send you a new one. If there is some minor components that is acting up, they might just replace that MOSFET or Capacitor and send you back the original PCB. Happened with me many times. They don't always send you a new video card.

Yes the hashrate is increasing at an alarming pace. Basically in the last month it increased by 100,000 GH/s so if you assume average GPU is 30MH/s thats about 3.33 million GPUs, most likely the hashrate is higher so the amount of GPUs might be around 2-2.5 million or so.

Looking at Nvidia's quarter report, they made like 10 million or so. However keep in mind that not every GPU they ship is actually used to mine. They make alot of GPUs for professionals and really low end GPUs. So assume in 3 months they producre 5 million and AMD produces maybe 1 million or so, that is 6 million GPUs.  So it seems the hashrate is increasing much higher than the rate of production which means that ASICs own a large portion of the hashrate these days.

Im not going to get too much into the details between POW and POS however staking is not that easy or risk free as most people assume. If you take coins with Masternodes you first need to own a specific amount of that coin to be able to stake. For example if you choose the largest Masternode of all which is Dashcoin you will need 1000 DASH to be able to run a self hosted node.

Right now the price is $200 each, so you will need over $200,000 to be able to stake it. Sure you can stake with a smaller amount using a service however keep in mind there is a counterparty risk there because you have no idea if you can trust them or not.

Another issue is you get paid in the underlying coin such as DASH, not USD. So if the value of DASH goes down, you will end up making less money. DASH might be more stable than some of the other smaller cap masternodes out there however its still very volatile.

Pretty sure none of those ASICs come with the PSU included it is just displaying the amount of power that it uses. So you can run it off 120V if you wish however its going to be a pain because many of the 120V PSUs don't go up that high, you will need to use 2 PSUs most likely and they won't be cheap.

The way people run those ASICs is usually with a server chassis PSU running at 240V, usually it has like 10-20 PCIe connectors to power any ASIC. You can use any PSU you want but some of those ASICs will require lots and lots of PCIe connectors and PSUs for computers have a limited number of connectors. Would be best to get some 240V power hooked up somehow. Or just use the 240V from your Dryer, how often do you wash your clothes?

Only one that I know is Monero. However that is generally only profitable with the high end Ryzen processors. If you put in your CPU in google and do something like "i3-4300 monero hashrate" you might get a benchmark.

However the issue you will run into is similar with ETH, your electricity is way too expensive to make it worthwhile. I bet that mining ETH on your GPU will be more profitable than mining monero on your CPU. Go to whattomine.com and put in your info there and you will get your estimated payouts and everything. You can also go to Nicehash and they have calculators there also.

CPU mining was always difficult and very competative. Only last good CPU mineable coin was maybe BTC about 10 years ago.

Yes this is the max you can put in a closed standard computer case. I tried to get 4 or even 3 GPUs to sit in a regular case but it was almost impossible to keep the heat down. The biggest issue is that the GPU in the middle would always run hot and with the lack of space to mount fans, it was hard to remove the heat in certain areas.

Even having 2 GPUs sometimes is problematic because the GPU behind the main GPU will always run hot and you might have to turn up the fan speed on that one or underclock it more to prevent it from overheating. I have no idea how some gamers get away with doing triple SLI in a computer case. I had all those intake and exhaust fans, even at max speed it would still have poor circulation and overheat.