Wasn't it common duty to always leave the compressor tank unscrewed so any moisture can be drained out and dried up. Whenever I am done with my air compressor I always unscrew the tank to let the air out and leave it that way. Then when I need to use it I just screw it back on and turn it on.

Been using it for years on many electronics and never had any issues. You can pick these up anywhere even harbour freight for very cheap. Only annoying thing is they are crazy loud. You can't use it at night or you will wake up everybody in your house and maybe even your neightbours.

You can't compare gaming benchmarks to mining speeds with relative GPUs. Say you are getting 100 fps with an RX 470 4GB and you find some old GPU which gets 50 fps in the same game. Doesn't mean you will get 15mh/s on that GPU.

One requirement is memory, the others are the drivers and the third is the software and algorithm used. Even if its a great GPU, there needs to be an optimized algo written for it. Since its not mainstream, no coders are going to waste timing optimizing their algo for it. Hence it will run inefficently and slow.

Institutional investors might not dump their coins but it doesn't mean we are going to go up. There are tons of events that can happen. Look what happened yesterday over $10B in over leverage longs. We touched $51K however look at how many people are holding profits in the $30-51K range, if we keep dipping we can quickly take out more people, even the low leverage and spot traders. If there is fear the markets might have a fast down trend.

There are also other issues such as what will happen when MtGox coins are released. There is going to be massive supply hitting the market because people are going to want to at least take partial profits since they were hodling since $1000 or so. This is another event that might start the bear market.

Right now there is a risk with everything.

It is risky to buy these overpriced GPUs because maybe the market topped and profits are going to go downhill from here. At these prices it would take years to get ROI if buying at these scalper prices we are currently experiencing.

It is also risky to buy coins because the market has been very crazy lately, especially with Doge going to 50 cents almost and XRP almost to $2. Then there is ETH going to $2500. Seems very toppy. Also add to the fact that there is a large market of overleveraged longs which lost $10B yesterday.

No idea if any of you guys follow twitter but apartently FirtsSquawk which is an individual that most people follow in the financial sector because they deliver important market events in real time. Its great to have them on your feed because you get up to the minute market events.

Earlier today they tweeted that "CME futures is going to launch Doge futures". And because of this Doge started to rally, or at least didnt tank like everything else. Now people are thinking they might be hacked because I don't think there is going to be a Doge futures on the CME. ETH I understand, maybe LTC or XRP. But I just don't see Doge making the cut.

Looking at,
https://fork.lol/pow/retarget

Seems pretty crazy that we got almost another 20 days before a diff retarget and we will see a -40% difficulty reduction.

I remember back after BCH was launched and it was more profitable to mine because BTC had a longer retarget and many miners just switched to BCH. I think it was maybe twice or triple as profitable to mine BCH as BTC. People assumed BTC would die back then since miners would go mine the profitable chain however they still were dedicated to BTC.

So it is true that many miners switch back and forth however the true believers of BTC will never abandon the real coin for profit.

I had to read the date a few times to make sure nobody was bumping an old thread from 2012, but I in fact did read it correctly 2021 instead of 2012. So I am wondering why anyone would want to mine LTC with not only a desktop GPU but a desktop CPU.

Either way if you really want to mine something with a CPU, try monero. If you got a decent CPU you can actually make a profit these days. However mining with a CPU? These days there are many outdated ASICs that can't mine Scrypt, let alone a GPU and certainly not a CPU.

What CPU do you have exactly?

What happened yesterday was nothing more than a cascading block of long liquidations one after the other. When the price was dipping, instead of people selling at a loss, they kept entering positions more and more. Then eventually they were under water and wanted to get out, however there was a lack of buyers below the $53K area and what happened was massive liqudations started happening on all the exchanges.

If you go to bybt it shows the graph and this is the first day in history where we got $10 Billion worth of liquidations, mostly it was longs. It sounds like alot it is however the price didn't go down that much to make up for it. So basically it only tells you one thing. People are way way too greedy and too over-leveraged. Nobody is buying on spot anything everybody is buying on leverage and hence the reason why this happens.

Generally when you see $10 Billion in liqudations in one day it usually means that its a temporarily dip. What is more worrying is if we have a slow grind down day by day. What happened yesterday was an over exaggeration to the India banning bitcoin news.

Why did it fall so much? Well look at how many people were over leverage. I think the funding for the Dec 2021 futures was over 25% which is crazy. The OI kept going higher and higher and hence its no surprise that so many people got liquidated.

Been a while since I last used Byteball. Does anyone know if the wallet which was released back in 2017 still works? Or do I need to upgrade to a newer wallet. I have all the old wallet backups saved.

Great to hear that this coin is still alive and going places. Great developement. I still remember getting the airdrops every full moon.

The issue with dorms is that usually there is some student dorm supervisor on each floor and they can inspect the unit from time to time to make sure there are no weapons, drugs, or a mining farm.

If you got 1 or 2 GPUs inside a desktop then nobody will say thing. However if they walk into your room, which is boiling hot at 50C and crazy loud, then most likely they will tell you to stop doing it.

The more and more popular cryptos get, more and more people are aware of what mining is. Back in 2012 most likely nobody knew what mining was and you could of gotten away with it. Not anymore.

I think the reason why gaming desktops are more in demand than gaming laptops is because most people who buy the gaming desktop, they take out the GPU and put it in their open air rig. You can't do that with a mobile GPU.

Then they either wait until the GPUs are in supply again or put in some slower GPU in the desktop or just part out the desktop part by part. WIth a mobile gaming laptop you can't really do that. No point in buying a gaming laptop just to mine with 1 GPU.

That electronium of whatever was called wasn't actually mining. It was fake type of mining. However technically you would earn actual rewards using your phone. Another 99% of all the other miners found on typically the Google App store are malware to steal your private info and private keys. They can even include clipboard attacks so if you try and send a bitcoin payment it will change the address to theirs.

Reason why there are no phone miners is obvious. They can't compete with GPUs and ASICs. If you took all the phones on the planet in existants the hashrate would maybe be equal to an ASIC or 2. Hence for a single phone there is no point.

Doge squeeze is still ongoing. Shorters are paying almost 1% a day in interest to long and in the last 24 hours there was over $750 Million in liquidations on Doge alone. The 24hour volume on Doge was higher than the SPX index.

Its pretty crazy how this is going, if we see $1 doge I wouldnt be surprised. Man do I feel like an idiot for selling all my doge at like 50 sats last year. There is also another guy in another thread which dusted off his KnC Titans and is back to mine Doge again.

Crazy times. Makes me nervous we might be at a top soon.

This is quite common with crypto trading. Basically when the markets are going crazy like an hour or 2 ago with Doge. Usually there is tons of orders coming in and the website crashes. Happens to almost all the exchanges like Coinbase, Binance, Kraken, Bitmex, etc.

This is why you should always have some stops set if you are in some position because if you can't login you are going to be introuble if you position goes against you. If you use limit orders and stops, they will usually fill anyways if you can't even login to the website. So be smart and always use limit orders and stops.

Robinhood was also down earlier due to the Dogecoin pump.

$50K is not that far away. We are at what $63K now. So all it would take is a 20% drop to get down to $50K and that would be considered a healty correction. Honestly there is just way too many leverage positions open at the moment. We are almost at $30Billion in open interest. A small move yesterday wiped $2B worth of liquidations. If its stretched far enough then its possible to see $50K within a few days.

Markets are irrational right now. Look at Doge over 30 cents, look at XRP at $2. ETH at $2500. These are bringing back 2017 vibes. People didn't think it would crash until it did and it was too late. BTC seems to be the only one trading rationally right now. But way too many alts are out of control. However the money is still pouring in. We will see where this will take us.

I think covid19 can be another contributor to all these ATHs. Without covid19 would the stock market be where it is now?

Basically the money printing is one thing. However people started to trade out of boredom and tons of retail money flooded the markets. When it looked like the stock market was getting toppy, Retail traders went into bitcoin.

This is why you got so many meme about Dogecoin and people buying it like crazy. Most likely because there are tons of retail people who are being all of this. They got stimulus checks and are buying crypto with it because they are stuck at home and out of boredom.

Stale share just means that a block was already found and your software submitted the share after the new block was broadcasted. Its a bigger issue for ETH than BTC due to shorter block times.

Can you cheat with stale shares? No because when you send the hash to the pool, the pool verifies whether its a valid share or not. Impossible to cheat this way. Most likely they don't want people submitting too many of these because some pools give you credit for stale shares while the pool reward stays the same. Hence its not good if there are too many stale shares submitted by people.

Man I saw this topic and assumed I was taken back in time. I remember reading this topic alot back in the day and haven't seen it in years. Sure brings back memories.

I remember these ASICs. They weren't the best quality however they sure were profitable ASICs if you bought at the right time. I remember the KnC Neptunes on how they were pulling something like 500 Watts or so from a single PCIe cable. I had some of them and remember questioning if I should leave the house when the cables were hot to the touch.

Then there are those that got their shipment delayed by like a year or 2. Got the ASICs and basically just ebay'd it because it wasn't profitable at all for most home setups. Crazy that its profitable again.

I think its not a good state to mine in, the power seems expensive for a commercial operation. There are people with basic rates at their home with similar electricity rates. If you relocated to a different area with a lower power cost then its possible for you to raise some capital however...

The issue is you need to diversity and get more equipment rather than just GPUs. When ETH goes POS what will happen then? You should have BTC ASICs, LTC ASICs, etc. The 8 times yearly cashflow seems way too high in my opinion. For a basic brick and mortal business its usually no more than 3 years. With something so volatile as crypto, 8 is way too much.