I think most retail miners are this way. However most of the larger Chinese farms they usually hold their mined coins and if you look at those graphs that show when miners liquidate their coins its usually when the market is rising and never when the market is falling.

Its not smart to mine at a near breakeven and sell to pay for electrical and make almost nothing. You should just mine at a slight loss if you believe in the future of ETH or crypto and hold it. This is why many just stop mining then because they never think it will resume and go to ATH again.

Yes you can't calculate ROI the way you are you calculating it right now. There are just way too many variales to consider. The London Hard fork is one however the bigger issue is the new state of the art ETH ASICs that will come online soon and the difficulty will keep rising and rising.

Look at,

https://etherscan.io/chart/hashrate

See how quickly the network hashrate is recovering from that drop. Those re-sold GPUs will mostly go to miners and not gamers and will be brough back up. And the ETH ASICs will push the difficulty even higher and higher.

I am pretty sure no miner uses an AC to cool their farm. Most miners use proper ventilation and the air goes outside. The only miners that might use AC is maybe if they got a rig or two and they sleep/live in that same room. ACs are meant for humans and never for electrical equipment.

Plus if you got 7-8 rigs, which use what? 7000-8000 Watts or so, you will need a huge air conditioner to handle that BTU removal. And ACs are never efficient and you will end up spending tons and tons of money on electrical to power your farm. Hence never use AC to cool your rigs.

There are many variations of risers out there. They have been out since 2014 pretty much and they have been slightly improved ever since. The amount of capacitors doesn't really matter, its more like to suppress any voltage variations and smooth out the supply. So as long as its not missing any parts then it should work.

Also most sellers especially on eBay or Alibabe they just send out random versions of risers. One month you can get version 009 and then you order more next month and you can get a completely different version. They got their own suppliers and switch parts back and forth.

The thing is, even though we broke $40K, we are still in that $28-42K range. And we are still in a Summer month which has usually low volume. So jugding by how bad the rejection was at $40K, this might of been nothing but a range top, there is a good chance we will go back to the mid range or even back to the $30K range sometime next month.

So unless we break $42K with massive volume or $28K with massive volume AND stay above/below those prices, we are just trading sideways. And this is dangerious to most traders because they are getting chopped left and right and even if BTC hits $100K one day, they will have no more satoshi's left.

So many people were bullish yesterday and 5 days ago so many people were bearish. Proof that the sentiment changes every day pretty much in cryptoland.

I think alot of the mistakes for most new traders is basically trading on Demo for months and making like a million dollars and thinking its easy and then depositing real money and seeing how difficult it can actually be.

Most don't realise but there is no emotions when you are trading with demo. So you can easily flip $100,000 positions back and forth and make money. However when you got your real $1000 on the line, it doesn't seem so easy.

Hence why its best to trade small, even for pennies because those are actual money and you will trade more cautiously then and you will see that even trading for pennies is alot harder than trading demo.

This was already concluded that it was some form of API glitch. Nobody got liquidated at that price AND nobody who had limit sell orders got their orders filled. Normally when people are about to get liquidated its never on the last price, it always on the mark price. So even if it did have a large spike like that, nobody would of been liquidated.

Only orders that would of filled up there would of been the limit sells and if someone used a stop loss, since stop losses usually are based on last price. So I don't think its manipulation. You would be surprised how deep the liquidity is on Binance and its not that easy to manipulate the price. Maybe on smaller exchanges but not binance.

I really dont think the reason why it fell was due to Amazon denying this news. This news never had a concrete source to begin with. Its like the rumor that Apple, Facebook and Alibaba bought billions of $. Everybody knows its nothing but a rumor until it has concrete sources which it never has.

This news was no different. I think the reason it dropped so hard was because it was New York lunch and many of the European and American traders took their profits. And its just a coincidence that it happened at around that time of the tweet. Most likely it would of dipped anyways.

Amazon has been rumored for years to accept BTC. This is nothing new.

I don't know if you can still do this, you would need to check the lolminer thread, but there was a way where if you put in 1 card directly into the PCI 3.0 x16 slot of the motherboard, you could have it mining at a decent speed.

I think the way it worked was that it has x16 lanes and it communicates fast with the RAM and CPU and it is able to mine with a larger DAG. However this was couple of months ago and no idea if it still works.

And the other issue is you will need 1 motherboard per GPU which would make it take up too much space and make it less efficient.

There are 3 issues I see with this GPU.

First one is, is this GPU truly brand new or was it used in some farm before and its being sold off due to the China mining bad? Some sellers might just take an air compressor, blow out the air and sell it as brand new that way.

Second is, if you get any issues with the GPU, you will have issues getting warranty work for it. Shipping to China (with tracking) will be very slow and expensive. If you buy a GPU sold in USA, usually you can send it somewhere nationally to get it RMA'd.

Third is, resell value. Nobody on Craiglist will want to buy this GPU from you because they never heard of the brand before and it looks like a fake GPU. So you will have issues selling it in the future.

However if the price is right, then it might be worth it.

The value of the coin falling is not the issue. There is something called Automated Market Making. Hence the reason why you need to deposit an equal value of coins for pairs. Such as $100 worth of ETH and $100 worth of USDT. So if the coin losses half its value you will just get more USDT in the end and are fully hedged. Because when someone sells ETH, there is more USDT in the pool so it evens out. Since market makers cannot add actual orders into the bid/ask because it would get way too expensive.

The issue here is impermanent loss, which is basically what happens if there are only say 100 ETHs in the pool and some whale comes and dumps >100 ETH, what will happen then is you will get a loss because there is no USDT in the pool to make it balanced. Hence why you shouldn't use very small pools.

Bull or bear doesn't matter. You just don't want massive volatility which will cause IL. I am new to this yield farming also.

How much do you earn with providing liquidity for stablecoins however? Generally the yearly APY for Tether is around 10% and it seems its the same with liquidity mining however the risk seems much higher.

Plus these are smart contracts and who knows, Uniswap might have some bug which results in everybody losing their funds. Hasn't happened yet but look what happened with ThorChain and Rune the past month. Seems every couple weeks or so we hear of some smart contract getting exploited and people getting their money stolen.

What website do you use to get quotes for the most accurate yields?

First of all you can't even mine ETH with an R9 280X because the DAG is way over 4GB and those GPUs were 3GB. When the DAG was 2.5GB or so there was something called DAG thrashing which made the 280X hash at like 15MH/s. SO its beens years since people have mined with a 280X.

However, looking at that chart you can see how much easier mining was back in early 2016 compared to today. Back then you could of built a 5 GPU rig for less than $750 or so. How much does it cost today to build a 5 GPU compatible rig? Probably not even close. Back then there was less competition, the difficulty went up but not as fast as it does today. It was the golden days of mining ETH I would say. Now its difficult for a beginner to start unless they got at least 5 figures worth of savings.

The difficulty bomb will most likely get moved forward like it did multiple times in the past. I think there was 2 situations where the difficulty bomb was really having a bad effect on the network and blocktimes were like 30 seconds apart, no matter how many new miners joined the network.

Pretty sure the same situation will happen here. POS will get delayed again and after the difficulty bomb starts to take affect, they will have to issue a hard fork to make the block times back to 14 seconds.

No way would ETH function on 30 second blocks with how conjested it gets from time to time.

You don't really need the Add2PSU adapter. Its your choice but I ran rigs for years without it. You just need to turn them on at the same time while booting. And in the rare case that the main PSU shuts down and you don't want the secondary running without a load, just plug a fan or two into the PSU, or even a SSD which would use more of the voltages such as 3.3V,5V,12V.

Like the above poster said, just keep them supplies seperated in whatever you connect. If you want to be safe, just power an entire GPU from one PSU completely and don't mix any voltages and you shouldn't have issues. If you mix voltages you will get a current feedback loop and basically one of the PSUs will get fried (or both).

I don't think this is the right category because you are referring to providing liquidity in a pool to generate interest correct? Maybe services discussion would be a more ontopic category. Either way, unless it gets moved we can discuss it here.

I looked into this before because I used to make great returns just by doing a cash and carry with the bitcoin/ethereum futures, basically at the beginning of the year, they were paying out something like 25% APY with the longer Sept/Dec 2021 futures expiries. Then when bitcoin started to correct, the funding turned negative and right now there is no way to earn money this way.

So I looked into earning with DeFI pools. However I had 3 concerns. First one is to use Metamask you can't have proper cold storage (unless you got a hardware wallet). Second is the impermanent loss that you discussed before, basically the higher APY have a high chance of this happening and the lower APY doesn't provide much interest, like stablecoins.
Third issue is that the APY calculators for the highest yield, aren't accurate. They say something like 5% a month but in reality you gain maybe 1%.

One of the reasons why they don't want to switch the algo is because if they put in the time and effort to fork to a new algo it will make alot of ETH investors upset because "Why are you switching to a different POW algo when you said POS is almost here" and it will look bad for ETH future.

Many ETH investors were upset that they were wasting resources into developing and testing and auditing ProgPOW when that time and resources could of been spent on launching POS much earlier.

Hence unless there is going to be some potential 51% attack emergency, I don't think they will fork to any new algos since "POS is almost almost here".

Yes its true that in a bear market there are less people mining so the difficulty is lower however the price is also lower and most likely unless you got free power, you will be mining at a loss. So even though you can get more sats during a bear market, chances are you are just better off buying it directly rather than mining at a loss.

There are people who mined at a loss for entire 2018 and 2019 and they haven't sold anything until ETH reached ATH again and they made a killing pretty much. However most miners won't do that because they are more concerned with the short term profit rather the long term profits.

The best site to find out what the mining profitability was in the past is to go to,
https://bitinfocharts.com/comparison/ethereum-mining_profitability.html

That chart shows the amount of profit made per day per 1MH/s. So as you can tell ETH was most profitable actually in early 2016 because back then the difficulty was much lower than it is today. And it was also much earlier to source GPUs.

You could of bought a second hand R9 280X for like $100 and that hashed at like 22MH/s and pulled 200 Watts. Now cards are more expensive, but only slightly faster and consume maybe half. However the profitability was much better back then that it is today.

Binance Coin and Litecoin are nothing alike. Litecoin is a very old and simple coin. It doesn't really do much except its blockchain is usually free from transactions and you can send small transactions for a very low fee. Its one of the reasons why I used it in the past. If you got like $100 on an exchange, and want to send it to another exchange, usually if you want to withdraw BTC, ETH, Tether or USDC, you will need to pay $10-$20 or so.

So if you just buy LTC on one exchange, withdraw it, usually confirms within 2 minutes, and then sell on that exchange, you can do it much much cheaper. This is probably what many small traders are doing these days with LTC.

Binance is different because it has a use case such as reduced fees and its deflationary with all the coin burns. LEO and FTT are also similar coins. Usually they all followed the rally up to Coinbase Nasdaq listing and then started to pullback.

So Litecoin and BinanceCoin are nothing alike.