It should be amusing to see the media cover such an event - oh wait they are so reliant on electronics and mass disinformation that they wouldn't be able to control the narrative. If people thought covid was a nightmare imagine something like a large volcano going off or as noted a large CME wiping out most of the surface electronics.

The planet has minimal contingencies for this. It's hard to pull up the schematics for a new power plant when all your information is on a computer that no longer has power because the power plant you're trying to build is needed to power the computer. Catch 22. Only paper writings and that in our skulls will be useful after such an event.

America's general workforce has turned into a consulting workforce. They don't actually produce any raw materials or develop the raw materials into a product. That occurred during the previous 2 centuries. Now they sell IT, social media, advertising, entertainment, life coaching and other forms of blah blah blah. The companies that mined and produced products like 3M and Tesla are few and far between. This is the juxtaposition to China which is primarily a material developer and production powerhouse. They pretty much stole (at times took with US complicit behavior) manufacturing from countries all around the world.

Case in point. The media always reports that rare earth materials are only sourced in China. At present this is true. Early last century the US was the leader in mining those minerals. The environmental regulations ended up closing all those mines. If the US wanted to it could become the king of rare Earth metals - but it has neither the will or capability to do so. If you remove all the infrastructure and supply chain for large mining last century it would take a full decade to bring it back. Theoretically Trump's agenda was to bring some of that back to the US. With Biden heading to the WH you can pretty much kiss that chance goodbye. The progressives in the party would rather China mine and destroy their environment even if it puts the US at a tactical and economic disadvantage. Pros and Cons to everything.

You posted the same nonsense a few days earlier. If you have a pizza and cut it into 8 pieces - 8 people can eat. If you cut it into 12 pieces you can still only feed 8 people, albeit more "slices". Printing money doesn't provide more economic output - especially when the output is the citizen actually going to the store everyday and making an item or putting out a service. Keeping them at home doesn't increase GDP.

The only reason for printing is that it goes straight to the bank rolls of the government and allows them to pay for social services which would otherwise be impossible with a balanced budget. Anybody based in reality knows it's all largess and governments are spending more than they take in simply because they're filled with corruption and inefficiency. All the printed money does is make people think the government is helping them. In reality the price of a slice of pizza goes up because the money is less meaningful. It just dilutes the value of the paper. How about that Venezuela economy with its useless paper money...

As the DAG gets larger and larger it's naturally going to occupy more and more cells/chips in the memory. Depending on how nVidia coded access to the memory you can see progressive decay of hashrate as seen in the 1070s which are now down to 25-27MH/s when they were doing 30 before. The 1080/1080Ti/1070Ti do not have this issue. My 6GB 1060s have slowed down from 24MH/s to 21MH/s on ETH dagger hashimoto but run max speed on UBIQ.

To answer the OP - wait for ETC to readjust the DAG size in a few weeks.

So it looks like difficulty bomb will be hit at the end of June 2021, about 7.5 months from now. At that point ETH profitability will tank and I fully expect Vitalik to drop the block reward to 1 ETH or even cancel transaction fees to miners. If that's the case I can't see any of my cards being paid off in a reasonable time. It sucks because we're heading into winter but I think I'm going to just sit on the sidelines for the next round and just pick up on any crashes. Perhaps ETC can pick up some slack, but the 4GB cards are all going to slam that coin.

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The people who don't enter with the mindset that there may be a loss are the ones who usually fair the worst. Be disciplined and make a plan before you purchase. Set down rules for how much to sell and when to sell - in both profit and loss scenarios. This way you don't let your emotions of doom or moon take over. Failing to sell on a large slide back an eating the loss on BTC from 20K to 3K is fine if you were expecting that - people who didn't probably gave up and sold at 3k because lack of plan.

Obama largely ignored crypto or didn't know what it was. Trump has been relatively quiet regarding crypto, leaving IRS to basically treat it as property now instead of a equity. Biden probably doesn't know what it is either.

More important is what certain senators think such as that weasel Joe Manchin. He calls Bitcoin the gateway to terrorism and illicit drug use. Meanwhile he sat on the FDA committee which oversaw his daughter's company Mylan making the epi pen and the FDA did not allow generic competitors. You don't want this Joe whispering in the other Joe's ear...

I volunteered at JPL and SpaceX is right next to my work. I can assure you that human labor is a bigger component than the actual materials. For something like the SR71 which had to use exotic alloys and needed new foundries created the materials costs were through the roof - Skunkworks admitted that the skin of the blackbird was responsible for much of the cost overrun. The current mindset of NASA JPL and SpaceX is to keep material costs down and reduce complexity to prevent failure - they would rather have cheaper successive missions that could only do 3 studies than 1 mission that does 9 and has a critical error and is a complete loss.

Elon launching SN8 which is basically a water silo with a rocket on the butt lol.

Which operating system and program are you using to measure wattage? Sometimes some programs like GPUz misread the power state and read it as one level higher which would account for the 20w difference sometimes under Windows. I'm assuming the fan profiles and RPM are the same. It's possible they made hardware changes on Rev 2 but I haven't pulled mine apart to compare my rev 2 to pictures of rev 1.

Most of the cost is human labor as there is essentially no mass production in rocketry up until this point. SpaceX has reduced the cost by essentially refurbishing all their rockets up to 10 tens (per Elon) but there's still no mass production. Give it another 10 or 20 years and you will see the cost lowered by several fold (probably not a magnitude) due to mass production of components and automation of many of the stages.

I said profits are doing well and are setting record increases mostly due to such a pent up demand in Europe and US. Yes total sales are down, but the industry has reduced a lot of costs. The inventory is also quite low so there's very little discounts on new vehicle. This pattern has been repeated by GM, Honda, Toyota, Ford, BMW, Daimler and some Chinese brands.

Here's one specific video about GM profits https://www.youtube.com/watch?v=a--shq3_5ME

If you watch older episodes you'll see even Daimler made profits which is surprising considered how precarious they were 4 months ago, esp with BMW sales up.

The infinity cache won't really do much since you can make the assumption that even if you could cache 128MB (Cache)/4096MB (DAG) you're going to have a pretty low hit rate of about 1/32 with a 4GB DAG. This is assuming you could write some of the DAG compute to the cache. I could see this being very beneficial for some of the other algos where a large DAG is not involved, perhaps a new algos will evolve from it.

How do you figure "it will be very bad for Bitcoin..". China blocked bitcoin over 5 years ago and yet they make most of the crypto mining hardware (ASICs and GPUs alike). I conceed that Hong Kong is not China per say, but if you say that in Beijing good luck on seeing sunshine for 10 years

Again it's just China trying to assert its authority over a region. China didn't build the Qinghai–Tibet railway just to make it easier for Tibetans to be tourist in China...

Apparently Gen Z, Mlllenials and even some Gen X have forgotten what virii can do to life. Measles, Rubella, Polio and smallpox were all nasty little things that killed many more people than covid has thus far. The only difference is humans had put that thought out of their mind relegating the possibility of some wild ebola virus that causes people to bleed from their eyes. A much more indolent virus apparently wreaks a lot more havoc. It's recency bias. Modern life of the last 30 years just got very cushy for mankind - this event put some in reality check mode.

It's always good to have a mix of assets. Before covid I had some investment in a LLC that owns class B rental properties and was pulling in a good 6-7% per year with nice tax deduction to boot. Since covid that rental income has dropped to 30% of its previous income while the house 2 year lease contracts continue to pay a lower but steady 5% and since its in a good area the renters weren't hit as hard by covid downturn and continue to pay rent. Usually the higher the reward the more sensitive they are to downturns like this plandemic.

I would replace my 1070s with 3080s if I could find the damn things. Looks like I'm going to go more team red this time because nVidia is still a paper launch after 1 month out. I've tried the auto add to cart gpu script but the bots still beat me. People must be sitting by the PC watching for stock to pop up or they must have knowledge of when the stock will be listed on the website. Really takes any joy out of getting new hardware...

I know this is the mining thread but let me just say this - with Christmas and other holidays coming around the corner it might be prudent to get rid of the 4GB cards now while you have an easier chance to offload them. You can probably mine another $10 of ETH with free electricity doing all this miner tricks of partially loading the DAG but it is a losing battle (unless you're switching to ETC @ 390). Ultimately the goal is to have the most income, and sometimes that means getting rid of older hardware and just buying the coin or using proceeds to buy newer cards.

It's those insanely low interest rates. I've never seen a sub 2.5% 30 year rate on a home mortgage in my entire life. It's the only thing keeping the prices that high. If interest rates go up for whatever reason the I fully expect a good 10-30% drop in home prices. In the end the home buyer still ends up paying the same amount at 30 years, the interest carriers just make more and the property tax basis would come down.

The automotive companies are recording pretty decent profits and high EBIT due to all the pork and extraneous waste that they've grown over the past 100 years. I think they're realizing that they don't need large dealerships spaced every 10 miles when being able to order a vehicle online and have it delivered to your house works for those concerned with mostly A-B travel or who already know what they want without needing a test drive. Companies have to have saved billions from not "mailing" sales people all around the world on expensive business class flights and instead using zoom/google meets.