Couple things to try.

I had this happen in the past and there are 3 reasons.


First one is obviously the fans are bad. They are spinning and might display something like 3000rpm but they are spinning barely and you just can’t tell. But if you are 100% sure it’s not the fans then...

Second could be a bad PSU. It might register +12V on idle but under load it might deliver less than 12v and your GPU will compensate by increasing the current and adding extra heat.

Third is something is shorted on your GPU. Some mosfet or capacitor and it’s not completely shorting out but enough to raise the temps and still work.

What’s crazy is that Satoshi probably and maybe Hal Finney they mined BTC back in 2009 with a laptop. And now it’s virtually impossible and nobody even dares to try.

Imagine mining a bunch of blocks back in 2009 with an old laptop. Forgetting about it for a decade and then later on remembering you solo mined and going crazy rummaging your basement looking for that laptop and praying that you didn’t format the drive.

I think the reason why it went down was due to the GBTC premium. Most of the BTC they were borrowing was for GBTC so market makers could milk the premium. However when the premium disappeared and turned negative they got in trouble. Hence why they couldn't afford to pay the 6% or so. And 6% in my opinion was a rip off since they were making more than double it for your BTCs.

Whats popular is to lend USD and USDT however. Those historically (except bear markets) usually will yield you around 10% a year. So if you sold some crypto that you don't need. You can just lend it out for 10% instead of leaving it in your bank account to get 0.5% APY. However keep in mind there is still counterparty risks, You can't lend it while its in cold storage.

Yes the leverage is that high however most people don't use that much leverage. I think the average leverage used is like 5-10x. The ones that use 100x are usually the small accounts which are trading with $100. So even with 100x leverage, the make they can trade is $10000 sizes which is very little in todays standards. So even if they get liquidated it won't cause a huge cascading liquidating candle.

The issue with Coinbase above was due to leverage and hence why there is no more leverage on Coinbase. Because almost everyone on Coinbase longs on leverage and there wasn't enough people shorting on leverage that it just took one event like that to cause a huge cascading liquidation event. Hence why there is no more leverage there and they never had issues since.

I think what alot of people have in their minds right now is a repeat of 2013 pretty much. Basically for those who werent around in 2013. It had 2 tops, it had a top in April and another one in Nov. Now when I got started with crypto, I remember everybody in June/July 2013 saying that "BTC is dead, will go back to $10 a coin" and it traded sideways and eventually bottomed out in July sometime. Then it started to trend up.

It break ATH and then got really crazy in the month of November when it peaked at $1100. What is interested is that people in July 2013 assumed that it would be a long bear market, they had no idea it bottomed out. Just like last month we all assumed it would go to $20K at least. So I don't know what the ATH will be again however it'll most likely peak this Nov/Dec 2021.

What is interesting and important to note is that this rally is on neutral funding pretty much (or slightly negative). This is important because it means that most of the buying is being driven by the spot market. If there was large open interest, you can say that its shorts closing who shorted back in >$45K+ however the OI is pretty low. So it seems like its organic and spot driven demand, which is what we need.

I don't think its a short squeeze, there are shorts but not that many. Most that shorted <$30K already got stopped out. Seems that when BTC gets started on a rally its very difficult for it to get a decent pullback and its pretty much what is happening here. If you wanted a good long, it would be tough since it never gives any good dips. When this happens usually its in a huge rally for the next couple of weeks.

The issue with Binanace is that they just got way too popular and most likely were under most countries regulatory watch. This is pretty much what happened a year ago with Bitmex. Now look at how many other exchanges are out there. There is Bitfinex which is fairly big however they don't have KYC for small accounts. Very rarely do you hear of anyone, especially new retail using Bitfinex to trade. With Binance its the #1 choice for most new people involved with crypto. Hence they got under the governments watch.

At least they warned most people about the KYC. Look what Bittrex and Poloniex did in 2017-2018. They made KYC a surprise. And if you didn't want to complete, your funds were frozen. Even if you wanted to complete KYC, it took months and BTC started to fall in late 2017 and most people missed selling the top. So at least Bitmex and Binance didn't make it a surprise.

I don't think its only the GPUs. From what I read the older Antminer E3's can still mine ETC with a simple flash. They forked to a new algo to lower the DAG and also to get rid of any ETH ASICs however the fork wasn't very foolproof since there is a firmware available which lets you mine ETC.

So most likely those old E3's also got relocated somewhere and are getting powered up. The 4GBs GPUs are also being relocated unless they managed to sell them to some gamers at a mark up. However like I said a few weeks back. The hashrate doesn't matter because unless these ASICs/GPUs got destroyed, they will be put back online within a couple of weeks. So the difficulty was low for a while but now will keep rising and rising. At least it looks like crypto might of ended the bear market.

Was it always running hot or all of a sudden? If its all of a sudden, maybe your fans are failing since most likely the crater wouldn't be created while it was in use. I had this issue before with an CPU. It had a tiny tiny crack and for some reason it still worked. I did some googling and there is some layer between the outside and transistors, so if it works, it'll keep working.

However CPUs and GPU chipsets are frigile. I've broke many of my GPUs when the heatsink was stuck and many CPU people broke their expensive intel i7's when they tried to delid it improperly. So be glad that yours is still functional.

Try some thermal paste and make sure the fan bearings are good. Spin it very fast with finger and listen to any noises. 

But unless you got central air conditioning, which has the actual AC outside and the air is delivered thru vents in the floor. You most likely will have a window AC or Portable AC which needs to be exhausted thru a window. So instead of having an AC there you can just exhaust all the hot air that the mining rig generates, instead of wasting power trying to cool down your room. The only way this would make sense is if you got only a few GPUs AND if you are living and sleeping in that room.

However there are noises and extreme heat and I don't know anyone who would want to sleep in the same room as a few mining rigs. Hence most people just use the room as a dedicated mining room and got proper ventilation using a few fans. Much cheaper and effective.

The 1KW of AC per 2KW of heat is correct however that depends on what the efficiency is of the AC. Some ACs like Portable ones are not efficient because they use the cool air as intake and they are 25% less efficient than a window AC.

Reason why they put that there is so you don't pull the +12V power from the motherboard connector. So if you put the GPU inside the actual slot or use an extender ribbon (not a riser) then it'll need to pull +12V to power the GPU.

They do this on regular gaming motherboards also, usually there is an aux connector where you can connect a SATA or Molex connector. And what that does is if you got a SLI setup going then the +12V thats required to power the cards plus the memory, cpu, etc will need to pull the power from the motherboard connector and might overload that wire. Hence if you use aux power it'll pull less current and you don't need to worry about anything melting.

From those that don't know. This was nothing but some type of API error. The CEO of Binanace already talked about it on his twitter. Nobody got liquidated and even if you had a limit sell order in that number, you would of never got a fill.

Binance futures is VERY liquid and this shouldn't happen and most likely wouldn't. Even if it did, nobody would get liquidated unless the mark price was also that high because that is how liquidations are done. They are based on an index price and not on last traded price. Hence no liquidations however stop losses and limit sells would be affected.

However this was an error due to some API and its incorrectly displayed. Nobody I know managed to get an actual BTC sell at those prices compared to what happened in the spot market.

What is Basic verification exactly? I had an old Binance account that I never did any verification and it was labelled something such as Unverified 0. I did withdraws in the past and didn't get any issues.

Looking at their videos, it seems that Basic verification is only your full name, birthdate and address, however do you need to send them any documents? Because it doesn't seem like its KYC if this is all you need to provide.

I didn't get any emails like the above user. And I am wondering what happens to Unverified accounts, will they also get the 0.06BTC or do they need to upgrade to Basic to get the 0.06 BTC?

Well do you really need an indicator for support or resistance? You can easily tell just by looking at the chart. Look for the most recent high/low.

If you really want to indicator there are tons of custom ones available in the public Tradingview indicator. Just click the "INDICATORS AND STRATEGIES" button and then click "PUBLIC LIBRARY" and then try in something like "Support Resistance" and there are a few.

I tried the Support and Resistance by kaleboracity and it seems to plot what you are looking for.

If you got an accepted share it means its working. Its a solo pool however when you get an accepted share it doesn't mean you found a block. The difficult is much much lower on a pool just to make sure your connection doesn't timeout since its an actual solo pool, you would never send any shares unless it was the block.

So to prevent it from timing out, they set a min difficulty to make sure you are mining. The way the difficulty works its based on your hashrate, so the lower the hashrate the lower the min difficulty so every few seconds you can send a share to the pool.

My advice, just buy a second hand old Antminer S5 ASIC for like $20 on Craigslist and practise your hobby that way. Who knows, maybe you will find a block with the S5. Or maybe try solo mining BCH instead.

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.