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3841  Alternate cryptocurrencies / Mining (Altcoins) / Re: Strange screen tearing on: July 01, 2021, 02:38:24 AM
I have a GPU that shows some artifact on screen after mining for two months , after opening the GPU case I noticed some large amount of liquid wet on the chips of the GPU, those liquids are from the thermal pads and after cleaning it off it works normal again, bad thermal pads cause the artifacts.

That liquid that you get from around the thermal pads is normal. It won't cause any damage you can just clean it off. When the liquid is there it doesn't mean the thermal pads are bad.

The only time thermal pads can be bad is maybe if you disassemble and GPU heatsink and they tear and there is a bad surface. Or maybe if the GPU is very very old like >3 years. So its strange that you got a new GPU that started to artifact so quickly, I would of just sent it back for RMA.

The reason it sometimes artifacts is due to the bad surface and the memory or mosfets overheat and causes stability issues, usually under high temps.
3842  Alternate cryptocurrencies / Mining (Altcoins) / Re: Are some miners quitting already ? on: July 01, 2021, 02:34:08 AM

There are a lot of video cards in China, I think they are easier to hide because they do not make much noise and do not consume a lot of electricity. And they give more profit per 1 kilowatt of consumed electricity.
So far, only large mining farms are being closed in China, and when they start looking for small farms with 500-1000 video cards, the hashrate will decrease even more.

I don't think noise is what is going to get people busted for mining in China. I think the larger issue is mostly heat which is difficult to hide. These days there are sophisicated thermal imaging cameras and they can easily scan different areas of the country and determine who is mining and who is not.

In the USA they do this to actually catch people who are growing (or did when illegal) marijuana. Basically some chopper would fly around high risk areas and try and find someone with an operation. Some miners actually got visited by police because they were suspicious what they were doing which generated all that heat.

Chinese authorities do not need to check about heat or electricity cost, they just have to check which place (house, office or warehouse) in China connect to mining pools such as asia.ethermine.org, btc-na.f2pool.com, they can get a list of each internet user connecting to these pools easily. They have some kind of software, they just have to type a website link to get all the Chinese internet users connecting to these websites. Then it's just a matter of sending cops to the house. Right now, they are not doing it, I think Chinese authorities will tolerate small miners mining at home.

I don't think they would do that. Its too much work and not reliable. Someone can just use a mining pool in a different country like Russia or USA. The government won't go after those mining operators in those countries. Plus an easier solution to this would be just to solo mine and not use a pool at all.

Getting a mining farm in an underground bunker won't work at all. Its going to be way too expensive and you are faced with the issue of getting rid of the heat somehow. I think if someone really wants to mine they will just relocate its just much easier than playing these games.

Surprisingly we got a bump up in hashrate, almost the retarget is here and we should get a nice difficulty reduction.
3843  Economy / Speculation / Re: Is Bitcoin at new heights on: June 29, 2021, 05:56:42 AM
After the bottom of $28,000, now to $45,000, will it continue to rise

No. It will not continue to rise to $45k.

Well if it goes to the range high of $41K, I can see it going to $45k. The real resistance will be more in the $56K and the $64K ATH. I think there are many bag holders that bought in the $56K area, who almost lost half their investment who will want to get out at break-even. Even if not break-even they will sell some to lighten their load.

So if we go quickly to $45K, I can see there being resistance in the $50-56K region. Then we might pullback and go back to the $30K's and test it again, and maybe at the end of the year we might go after the ATH again. Right now there is just way too much hype for this to be sustainable in the short term. Maybe in 2022 we will see a new ATH however $100K will be a tough nut to crack.
3844  Economy / Speculation / Re: Repeating the price cycle every 4 years on: June 29, 2021, 05:53:37 AM
We don't know if the cycle peaked however at $64K, the only way we know we are in another cycle is when we lost at least 75% of our value like in the previous bubbles. Basically going from $1100 to $150 and $20000 to $3000. So far we only lost about half our value. And there is a chance we might get a repeat of 2013.

In 2013 we peaked in April, and went from $250 to $80 or so, then everybody assumed bitcoin would retest the previous ATH of $35 however we bottomed in July and rallied hard in Oct-Nov and peaked at $1100.

Not saying we are in this cycle however unless we break $30K and head to like below $20K this cycle might of not ended yet. Might just be summer slowdown.

That would be pretty scary for anyone,,, even for me, to see another 75% loss of value now because the old ATH was 20k and we made a new one only at 3x,,, which I know logically does not mean anything but because we have seen 10x and 20x and much more in the past, this does not feel like it is enough at all. Hope we do not see $15 again though.

You need to realise its easier for bitcoin to go from $1 to $10, then $10 to $100, then $1000, etc. However its not going to forever keep going up 10x each cycle. When we were at $64K, you need to realise that most people don't have $64K in their savings to buy an entire bitcoin. So they only buy partials.

So someone who bought BTC at say $5000, he might sell an entire coin to maybe 10 different people. And those people eventually if bitcoin keeps going up and up will sell each of their portions of a coin to 100 other people and so on and so on. The market cap is going to grow so much it won't be sustainable.

So just because we did 3x, that is still pretty impressive.
3845  Alternate cryptocurrencies / Mining (Altcoins) / Re: Strange screen tearing on: June 29, 2021, 02:38:48 AM
Artifacts on screen usually mean the GPU is damaged internally. Sometimes you might get lucky and the damage might only show up on display but not lose functionality for mining.

Meaning a gamer can’t use the GPU because the screen display is messed up but a miner can still use it because it’s not plugged into a monitor.

Thermal paste won’t fix the issue. Sometimes it could be the ram that got damaged due to excessive heat and might work on applications which don’t use as much GDDR such as older games. Which GPU is this exactly?
3846  Alternate cryptocurrencies / Mining (Altcoins) / Re: Report on wish fake 1060 on: June 29, 2021, 02:33:12 AM
Lol? I heard bad ideas of people buying fake video cards from alibaba however to actually expect to get an actual video card from wish is crazy.

Wish is a worse version of alibaba pretty much. Most of the cheap stuff on there is actually a trick. Some guy on YouTube made a video where he bought a bicycle for $10. And when it arrived it wasn’t a bicycle but an light for a
Bicycle. It was a trick in the description pretty much.

I think they are betting that 25% of the people that buy won’t test it in time or they have no idea what a 1060 really is and won’t make a claim. But most people will obviously make a claim and get a refund. Surprised they banned you however. Very strange. Did you order anything else from them and make a claim?
3847  Economy / Speculation / Re: Crypto Winter Is Coming, Warns Experts on: June 28, 2021, 05:06:54 AM
When is the last time that some large bank offered investing advice that actually worked? Probably never. All these banks and investment firms were calling a bitcoin a scam anywhere from $1-$10000. If they told the truth that it would go to $50K one day then would of made alot of people rich, but they didn't because nobody cares about the little guy.

Same with their stock tips. Last week there was some investment firm that said that Apple shares "might" go up to $130 while the stock currently was $129 or so. Even if they are spot on with that prediction, its not helping anyone. Less than 1 percent profit even if the prediction comes true. This is why never pay attention to any of these guys.
3848  Economy / Speculation / Re: Repeating the price cycle every 4 years on: June 28, 2021, 04:51:36 AM
We don't know if the cycle peaked however at $64K, the only way we know we are in another cycle is when we lost at least 75% of our value like in the previous bubbles. Basically going from $1100 to $150 and $20000 to $3000. So far we only lost about half our value. And there is a chance we might get a repeat of 2013.

In 2013 we peaked in April, and went from $250 to $80 or so, then everybody assumed bitcoin would retest the previous ATH of $35 however we bottomed in July and rallied hard in Oct-Nov and peaked at $1100.

Not saying we are in this cycle however unless we break $30K and head to like below $20K this cycle might of not ended yet. Might just be summer slowdown.
3849  Alternate cryptocurrencies / Mining (Altcoins) / Re: Are some miners quitting already ? on: June 28, 2021, 04:47:19 AM

There are a lot of video cards in China, I think they are easier to hide because they do not make much noise and do not consume a lot of electricity. And they give more profit per 1 kilowatt of consumed electricity.
So far, only large mining farms are being closed in China, and when they start looking for small farms with 500-1000 video cards, the hashrate will decrease even more.

I don't think noise is what is going to get people busted for mining in China. I think the larger issue is mostly heat which is difficult to hide. These days there are sophisicated thermal imaging cameras and they can easily scan different areas of the country and determine who is mining and who is not.

In the USA they do this to actually catch people who are growing (or did when illegal) marijuana. Basically some chopper would fly around high risk areas and try and find someone with an operation. Some miners actually got visited by police because they were suspicious what they were doing which generated all that heat.
3850  Alternate cryptocurrencies / Mining (Altcoins) / Re: Wow! Sparkpool's and f2pool's hashrate decreased accordingly on 43.3% and 27.9%! on: June 28, 2021, 04:42:09 AM
https://fork.lol/pow/hashrate

Yes its pretty low right now. Beginning of June was maybe 160 EXA hashes and now its around 50 EXA. There could be many reasons for this. For one there is a massive heat wave in parts of Western North America. Temperatures exceeds all time highs pretty much in most areas. Will get worse tomorrow and Tues/Wed before it starts to level out.

Another issue is all those miners which got shut down in China and haven't been exported yet. This will take probably another few weeks. But the hashrate will eventually return to the ~150 area or so.
3851  Economy / Speculation / Re: How low will Bitcoin go? on: June 26, 2021, 03:02:46 PM
Bitcoin can go to $20K or even lower however I will tell you one thing, it won’t be this month. Why? Because the funding is very high for shorts. Right now longs are being paid which is a rare event. Means that there are way too many people being bearish at the bottom, which is never a very good sign.

We are close to going below $30K again and I think we will get a short squeeze sooner rather than later. Because there is nobody left to sell anymore except maybe the shorts which will have to buy back soon.

So we will not get a nasty $5K capitulation wick like everybody is predicting. Maybe are comparing this to the old $6K support back in 2018 but one thing is different. Back then the funding was positive or flat, it wasn’t negative as it is now.

So I am predicting that the range low will hold and we will chop around for the next few weeks.
3852  Alternate cryptocurrencies / Mining (Altcoins) / Re: 580s may still survive till next bull market? on: June 26, 2021, 02:54:42 PM
I had tons of the RX 470 series cards from 2016 or so. Back in late 2018 and early 2019
I started to sell them. From what I remember pre-covid (before the shortages) the RX 470 4 Gb went for around $125 CAD. And this is from the MSRP being $250 or so. So about 50% depreciating after 3-4 years is typical for a GPU.

I was expecting these to be worth maybe $50 when there was millions of these being dumped on eBay and causing a huge supply. However that never happened. Even though unless you had 0.05 power which most people didn’t you wouldn’t make a profit with these anymore. So most people just powered them off and waited or just let them sit in their basements. Most didn’t dump them cheap.

Now here is the kicker. Most BUYERS assumed that they are worth maybe $20. Because if I had a nickel every time some cheap skate replied to my ads saying “ Yo dude, I know you mined ETH with this, I will give you $20 CASH, pickup tonight”. I would be a very rich man.

So this is proof that it’s very difficult predicting the future value of these GPUs. From my experience they are only cheap if you try and sell with a dead fan, then you might get like $50 for them because most people don’t want to go thru the hassle of taking it apart.
3853  Alternate cryptocurrencies / Mining (Altcoins) / Re: Number 9! Ninth altcoin thread. Back to the moon Baby! on: June 26, 2021, 02:44:22 PM
I don’t have anything against PSUs of 650 watts. However the issue is usually with the amount of connectors with these PSUs. Back in the days when I was starting out with mining I didn’t want to spend too much so I would buy second hand. Many of the PSUs that were generally <700 watts only had a max of 2 PCIe. And being in 2015 with most GPUs (r9 280x) requiring 2 PCIe you couldn’t use them. I used them anyways because I got them cheap like $20. And I would just use 2 of them in a rig and I snipped the CPU connectors and rewired them for a PCIe connection and it ran perfectly fine. Pulled maybe 600 watts with the rated 650 limit and never died.

These days you guys have it easy. Back in the GPU lite coin mining days a 280X GPU pulled around 300 watts from the wall. Now you got GPUs that don’t even use half of that wattage so a 650W PSU sure is doable these days. Especially being platinum grade.
3854  Economy / Speculation / Re: Will BTC Go for Another All Time High This Year? on: June 26, 2021, 03:41:56 AM
It is possible. Who knows, I am leaning towards 50/50 of it happening. This is the play we actually had back in 2013. Most don't remember but we peaked in April, just like this year, and then went from like $250 to like $80 or so, people assumed crypto was dead. People were dumping cheap GPUs on Craiglist, and it bottomed in July, didn't do much really until Oct-Nov where it peaked at $1100.

Since we topped $64K we didn't really have any failed highs at like $55k's or so. So I think we are just in a pullback. However the lower this pullback goes the lower the chances of breaking ATH this year. If we don't break $30K then there is a very good chance we hit new ATH. However if we break $30K and head to like $20K, its going to get ugly. Tons of bad press and everybody will eventually want out.
3855  Alternate cryptocurrencies / Mining (Altcoins) / Re: When will GPU MSRP be back on: June 26, 2021, 03:25:28 AM
Its not only the crypto prices that determine when we might get back MSRP for GPUs. Sure whenever there is a huge bitcoin and crypto rally, many miners buy out any GPUs in most stores and cause a shortage and then flippers are all over Craiglist listing them for mark ups.

However now we got the chip shortage which is another reason why there are shortages and markups. Look at automobiles, I think they were at record highs last month for used vehicles. People were paying more for used 2-3 year cars then new cars because there is a shortage of cars due to the semiconductor shortage. So the prices might come down a little but will be a while for MSRP due to the chip shortage.
3856  Economy / Speculation / Re: It's a good time for bitcoin on: June 25, 2021, 04:54:48 AM
Lately the Price action is horrible. Its best to stay away from these markets. At least until the Fall. I can see BTC going back to the $40K range to again be shot down and head back into the mid range or low range and maybe attempt to break $30K again.

Its summer and people are travelling and most markets are choppy, including stock markets. There is less volume and moves are smaller than average and its very easy to get caught up in this chop.

My advice is wait until either $41K breaks upwards or $30K breaks downwards and trade then.
3857  Alternate cryptocurrencies / Mining (Altcoins) / Re: Are some miners quitting already ? on: June 25, 2021, 04:51:15 AM
Looking at,
https://etherscan.io/chart/hashrate

You can see that the hashrate peaked at May 20th. And it is still heading down. And if you look at the BTC hashrate charts you will see something similar. Its basically all the China mining ban farms which are shutting down. Well they aren't shutting down completely, will just move them elsewhere and the hashrate will jump back up in 2-3 months time.

ETH is proof that the hashrate is more decentralized, because the %'s drop is much much less than BTC where like 50% of the hashrate seems to have disappeared due to the China ban.

I think 2-3 months it's pretty optimistic.
I would say more 6 months or a year. Chinese miners who were forced to shutdown don't have all new locations to move on.

No they are moving their inventory very quick. Already there are reports that tons and tons of ASICs have already entered the USA by air. Most likely they are already up and running since there is an uptick in the average hashpower.

https://fork.lol/pow/hashrate

There are photos from China farms how they are cleaning their ASICs, putting them back in their original boxes and having the entire pallets shipped to other countries. Time is of the essence here and they need to move quick.
3858  Alternate cryptocurrencies / Mining (Altcoins) / Re: GPU confusion on: June 25, 2021, 04:46:52 AM
Another reason why they might of done this OR why they released those "mining only GPUs without video outputs" years ago is because they are worried that one day, say when ETH actually goes POS, and you can't mine anything for a decent profit there will be a ultra high supply of GPUs on the second hand market which could hurt their new sales.

Basically say its 50% cheaper to buy a used mining GPU than a new GPU, most gamers will go the used route and it'll hurt the new retail sales for Nvidia products. By making these "mining only" GPUs those wouldnt hurt their future sales because gamers wouldn't buy those GPUs.
3859  Alternate cryptocurrencies / Mining (Altcoins) / Re: Trying to cool rig with six fans - What's the best method? Corsair Commander Pro on: June 25, 2021, 04:40:46 AM
Maybe take a photo of your rig and we can see what we are dealing with. Generally GPUs unless there is extreme heat or they are too close to one another, rarely overheat. I could get away without even box fans on most of my rigs, maybe a GPU would run hotter than normal without the fan but shouldn't overheat to the point of shutting down. Maybe your fan and heatsink is full of dust and might need to be cleaned.

Regarding the fans. There are 4 pins, one is for +12V, one is for ground, one is for tachometer and the other is to control the fan speed. All you need to get them to spin at full speed is +12V and ground, rest you can leave unplugged and they will always run. They got different connectors but you can usually find an adapter somewhere to switch between the pins and molex.
3860  Alternate cryptocurrencies / Mining (Altcoins) / Re: Closed Mining Rig - Questions about fans on: June 25, 2021, 04:28:16 AM
Reason why it needs to be closed is because it’s at a data center. The way it works it’s in some rack and cold air goes inside the rack and on the other side it’s exhausted outside the building. It needs to be closed.

Only issue I can find is that it’s a poor design for the heatsink. The air is flowing from side to side instead of going inside the heatsink like it would with a OEM fan attached. Can you leave the OEM fans attached or there won’t be enough clearance for all 12 cards?
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