Maybe I am out of the loop, however I don't see any meme coins pumping lately. Last meme coin were all those dogecoin clones like Shiba which all have died down right now. Right now its mostly mid-cap type of coins rallying like AXS, SOL, AVAX, ATOM, etc. These are not meme coins at all.

Obviously its never a good idea to hold a meme coin for long. However look at what happened to Doge. I sold it at like 45 Sats and it ended up peaking at over 1200 Sats. So obviously it would of been better to hold that meme coin because I would of made 20x more profit. So sometimes there is an advantage to holding something very volatile, it might crash upwards and make your multiples of $ rather than selling for small profit.

Personally, the way that price is acting right now. I think that we might get a similar scenario as 2013. Where we peaked in April, bottomed out in July and peaked to a new ATH in November. However most likely it'll happen a month or two earlier or later. We might peak in Oct or in January or so.

Reason why is because most people I know personally, people on crypto twitter and people on this forum, they are very bearish and expecting a bull market. The transactions and mempool is basically empty and most people have already given up, which means the opposite will happen.

What will the new ATH be? No clue. However I don't think it will go higher than $100K. Too much resisatance in that area.

From what I can remember, back in the 2018-2019 bear market. My old RX 470 4GB hashed at like 30MHs and used 130 Watts and there was a long period where with 0.10 kwh power, I was mining at either a very small profit...breakeven...very small loss.

So your GPUs might be slightly more efficient and your power might be slightly cheaper... however if the bear market comes and its similar to the past, you won't be making $1000 a day. I am surprised why so many people are expecting a bear market... usually means the opposite will happen. We will get a very strong bull market in the next few months.

Don't think this is always the case. Someone with 400MH still need to make a certain profit. 400MH gives like $25-$30 a day. Sure its almost $1000 a month however if mining dropped by half, it would be $500 a month. And its still a profit however you need to consider there are still some costs involved, not only the electricity. People don't want to be mining and barely breaking even.

Those with 2-3 gpus who are mining at home, they can mine at a slight profit or break-even, because they will most likely hold the coins and don't need to sell to pay their electrical and other mining related costs. Its still important that its relatively profitable for everyone, or else people will just close up their farm and liquidate their GPUs.

Will not work.

Your 750 Watt PSU might handle all that power however you won't have enough PCIe connectors to power all that stuff. The Vega alone will require 2x PCIe so 4x will go towards the Vega's and most likely the PSU has no more than 4 connectors.

Don't use any of those splitters which take 1x pcie 8 pin into 2x pcie 8 pin because you will end up melting something. I would suggest either using another PSU and joining them together or get some larger >1200 Watt PSU and you should be all set.

Nvidia launching the LHR GPUs has nothing to do with a bear or bull market in crypto. The reason why they launched those GPUs is because gamers for about a year have been complaining that there are no GPUs for sale in stores because miners keep buying out all the stock. And what made it worse is the covid mess which less to less chip supply. And you got scalpers who want like 50% more for the GPUs MSRP.

They wanted to stay loyal to miners hence why they launched this LHR. They don't care if the crypto market is bullish or bearish. On most of their earnings reports they do forecasts without relying on crypto mining being profitable that they will sell more GPUs. Most likely not all their GPUs will be LHR. This is a temporarily measure.

Most likely if it goes back to the same ATH the profitability will be slightly less because the london fork burns many of the ETH and there are more GPUs out there now so the hashrate is higher which means the difficulty is higher.

Obviously your profits will be higher than today however keep in mind that difficulty is your enemy here. Look at how many people are mining these days. GPUs are still sold out even the LHR ones and people are still over paying for certain GPUs. Hence why the difficulty is going up. Then there are also some new ETH ASICS which will get released and difficulty will go even higher in the near future.

The issue with all these copy-trades is that most of them use extremely huge stop losses to make their signals more accurate. They basically can have an 80% win rate, and people will be like "Wow, I will make money on every 4 out of 5 trades" however they don't investigate and find out that their signals can have 90% drawdowns from time to time.

The creators of these signals get some form of percentage of your profits and they generally don't care if they go bust because most likely they are trading small position sizes compared to everyone who copies them.

Hence its not wise to put your money at risk with these systems. They will work at first and then you will start to lose money.

The generally rule is, if you are having a bad day and keep getting loses its best to take a break and come back tomorrow to trade. Because this is the spiral that leads to most traders who end up losing all their capital. In Poker they call it going on Tilt. It means that you don't make rash decision anymore and the trades you are taking are making no sense pretty much.

You can easily see this in the markets. Say the market is going up, most retail people enter. Then all of a sudden there is a huge crash. Most of the people get liquidated or stops get hit, and then there is usually some huge move back up. And thats when the retail people get liquidated again who went short. It happens alot in crypto and its very bad to get caught in those moves.

I don't think its the pumping groups which are pumping alts like SOL or AXS or SAND. Those coins have large market caps and I just don't think they got enough capital (even with leverage) to be able to pump an altcoin like that. Those groups they generally pump some really dead low volume altcoins. Traders see that it went up 100% in 24 hours and they go chasing it, however thats usually when the pump groups get out.

I think when these coins get pumped its usually some large whales behind the moves. Sometimes they got some insider knowledge that is reviled a few days later and you can clearly see that it got leaked. However its crypto so most likely no regulation into that. So thats when the retail people buy the alt coin and thats when it starts to drop all of a sudden.

I think there are many here who were around in 2017 who have been bearish for a while, because they are getting 2018 PTSD pretty much. They all assume that $64K must of been the top and are preparing for a 80% drop on BTC and 90% drop on ETH. However I don't think this is 2017.

The way that price action is going it seems more like 2013. Where we topped in April and bottomed in July and hit new ATH in Oct/Nov before the blow-off up. This seems to be the current projectory. So most likely not much will happen until middle of September or early October. And we might get a blow off top in Dec or so.

Did you buy those GPUs second hand or did you buy them brand new?

Reason I ask is because its very possible that someone did a thermal repaste job on that GPU but they never replaced those thermal pads that are found on the memory and mosfet chips on the PCB board. Most people never replace them because they are hard to find. So they tear apart and they just put it back together that way.

This generally is easy to spot when your GPU runs at average or lower temps but for some odd reason the memory temp is very high for no reason. I found this out the hard way and assumed it was normal. However I found it odd how 1 GPU had the same temps as another for GPU core but 1 had higher temps for VRM and memory. Then  I opened it up and found the problem.

No you can't connect a GPU by just plugging in the USB riser into a USB slot. If anything you might cause some damage because there are some power supply pins there which might end up going to the wrong pin on the GPU and fry something.

The only reason why riser manufacteurs used an USB cable is because its widely available and has enough pins to power the data from a GPU. So instead of designing a brand new cable which takes data from riser into the motherboard, they decided to save money and time by just using a cable thats already out there.

Don't plug in your riser USB into a USB slot.

I am very surprised that most of the threads I see in the miner section are people saying there is a bear market coming. And I don't know if its because ETH topped at like $4000 and then went below $2000 for a while and now its back up OR if its because their mining revenues are lower.

You need to understand that the market price of ETH has nothing to do with your profitability as a miner. Right now there are alot of factors at play. One of them is the ETH price, another is the overall difficulty, another is the unpredictable miner revenue due to the london hard fork, another is the transaction fees which can go up one week and go down the next week. Another issue is the variable that comes into play by how much of those transaction fees actually goes into miner pool and how much is actually burnt.

I had nothing but issues with those PCIe extenders in the past. It either doesn't work at all, or all the slots don't work properly. And even if they work, for some reason I always get some type of stability issues.

What the above poster said its right, try and get some type of special mining MOBO instead of using a regular motherboard with a bunch of extenders. I think the issue is that the USB cables don't have the perfect insulation and there is noise and interference which causes stability issues. More wires... more issues.

The issues with mining motherboards is that during mining booms they are usually hard to come by. There is a low supply of them because manufacteurs don't build too many of them because its buyers only come from a small niche market.

Yes if you been mining since like 2014, you still appreciate the profits that you are getting today. I am pretty sure most of the old miners think this way. Back in 2015 I think I was mining at a loss with my Antminer S5. Then in 2018 I was mining at a small loss/break-even with my GPUs mining ETH. Right now even if you got expensive power you are still making a profit.

I think the people that are complaining are the ones who bought GPUs during April/May and they were expecting to make $10/day/GPU everyday and get ROI on their $1K GPUs. This is more or less what happened in late 2017 early 2018. People paid like $1000 for a 1080Ti because it pulled like $15/day dual mining ETH plus DCR (or SC) and then when everything crashed they knew they would never ROI.

There is clearly no reliable resistance area on the chart, the only one I can think of is maybe $50K because its a nice round number. The last resistance I would say was $42K because it was resistance before we topped at ATH, then it was support, then it was resistance when we visited $30K. Since we broke $42K you can say we broke out of that range.

I think $42K is more of a strong support now. And $50K is a weak resistance if anything. I think the next major resistance is the ATH of $64K. Keep in mind one thing. Alot of people are bag holding in the $55-56K area. Most of those people will want break-even. So that is another area of interest where we might trade for a few weeks as the break-even sells are being absorbed by new buyers.

If we can break $60K, then I am pretty sure we will at least test ATH and perhaps break it and head to like $68K or $70K or so. Then who knows. Its still summer so volumes aren't the best.

I've been following these BTCUSDSHORTS for a while and I am still puzzled to this day why they opened and closed them a few days later. Was it an actual short and not some delta neural move ( short on one exchange and long on another)? Hard to tell.

Did they make money, looks like they did however very little in terms of %'s. Seemed very risky to open such a big short on a medium type of exchange (in terms of volume) and get short squeezed badly.

Its possible that they did this to get media exposure and get many traders to follow their lead and short and they had longs open on another exchanges. So they just wanted to create liquidity and get their longs filled. Looks like there were huge dumps shortly after which were filled pretty quick and price rebounded.

I don't think its in the silicon. They wouldn't spend millions on R&D having to have a new chip made just for LHR. Most likely its just some software (firmware) area which leads to the lower hashrate. Hence the reason why some fixes such as this are working. Yes its not a perfect fix but its at least something. Miners in general shouldn't be buying these LHR gpus anyways thinking that one day some software fix is going to be out.

Keep in mind, Nvidia is a billion dollar company, so they most likely know that most are using it to mine ETH And they programmed the driver/firmware to detect certain computations and trigger something to have a lower hashrate. Can be anything such as constantly checking the DAG for a share when in most games there wouldn't be this much memory computations.

I  think in 6-12 months time, when things calm down. They won't be releasing anymore of these LHR versions.

Most likely the LHR is just a temporarily measure until the supply meets the demand, especially for all the gamers. The reason why Nvidia did this is because for the last year gamers have been complaining to Nvidia to do something to prevent their GPUs being bought up by scalpers and miners. They don't want to pay inflated prices on already an expensive GPU. Some even threatened to go with AMD if Nvidia didn't do anything. So to make gamers happy they did this LHR type of GPUs.

Its obviously going to be temporarily because when supply finally meets demand and gamers are no longer complaining then Nvidia won't want to lose sales to AMD because miners still generate profits for them. However with covid the supply of chips is constrained and this can go on longer than expected. Hence they had to take some proper measures and prevent their GPUs being bought up by miners.