Bear market isn't really the issue when it comes to mining. You can always just use a futures broker and hedge your mining price so if price drops in the future you can still sell your mined ETH at the same price as today. Your enemy is difficulty.

Most new miners don't know what difficulty is exactly. But the way it works is as follows. The supply is capped daily. So whether there is 1 miner or 1 million, if the daily reward is 1 ETH then 1 miner would get the entire coin if they were the only ones mining or if 1 million people were mining then it would get divided by a million, this is assuming same hashrate for everybody.

Currently difficulty is rising like crazy, GPUs overpriced and sold out everywhere. Hence makes it a difficult decision whether to start mining or not.

Yes currently there are not enough sellers to push the price down but remember what happened back in Nov 2018? Basically the $6K support has been holding for mostly the entire 2018 year. November was usually a very bullish month for bitcoin. So everybody was waiting for BTC to start rallying in November. And it traded sideways for most of the years because people refused to buy and refused to sell.

Then what happened in the middle of November? Basically it hit $5500, people assumed it cant go lower but it went to like $4500, and then again people assumed it couldn't go lower and it went to $3000 or so before finally bottoming.

So after $6K broke, all of a sudden tons of sellers appeared. You could verify this by looking at the amount of BTC sent to exchanges in that month. People were scared and they dumped BTC at the low.

So supply is low now because price is high, people want $50K or $100K bitcoin before they sell. However if price starts to head the other way, say below $10K then all of a sudden supply will increase in the markets due to people panicking. That's the best time to buy.

It depends on the type of cooling the GPU uses.

If your set up is a reference type of blower fan, it intakes hot air from the computer case and it comes out the exhaust which is suppose to be outside the PC case.

If you got a regular aftermarket type of MSI/Gigabyte with large heatpipes and double/triple fans then its different. Basically to make the system as quiet as possible the air pretty much goes all directions, up down left right. What you need to do in a set up like this you need an intake and exhaust case fan because your hot air will keep circulating the computer case.

Since most mining rigs are open air, then it shouldn't be an issue really. As long as the GPUs are kept apart from each other there shouldn't be any issues with cooling.

I think the DOGE pump might not be over yet. It was #1 trending on twitter a few hours back. The reason why the pump stopped at 8 cents is because Robinhood apparently disabled instant deposits and people can't buy crypto with unsettled funds. I guess too many people were buying Doge that they had to restrict some access to prevent any problems in the future in case the funds don't confirm with someone's bank and Doge loses its value in the mean time.

So every business day as people funds get settled, more and more people will buy Doge. Look at Google trends for "dogecoin"
https://trends.google.com/trends/explore?date=today%205-y&q=dogecoin

Apparently the wallstreetbets are also pumping silver trying to get a short squeeze there. All physical silver is sold out in stores and it jumped 7% over the weekend. So seems like this will be a crazy week.

Yeah the 580 8GB were $250-$300 cards but it seems that there are some sellers that are asking $400-$500 for them right now. $400 Cad is pretty much way more than they were MSRP about 4 years back. So I don't know whether these people are actually serious about selling or if they are just putting an offer out there and seeing if they can find someone dumb enough to pay that much for a card which had a second hand value about 1/3 of that 1 year ago.

These cards are one thing, they aren't that old and you can still game with them. However there are people selling Radeon R9 270X cards for $200. People selling Radeon 6850 GPUs for $100. Those cards are obsolete pretty much, in mining and gaming.

Looking at the ETH profitability? Are the profits high? In my opinion not really. I think back in late 2017 and early 2018, you could of pulled $5 per day per 480 and up to $15/day with a 1080Ti. Now the RX 480 pulls in slightly over $2 per day and in one week it will most likely be less due to the huge difficult.

Gaming laptops are different from regular laptop, you might get away mining with them because they are designed to be more robust. Only issue I can see is the battery getting hot and bulging, hence best just to remove it while mining.

Since GPUs are sold out everywhere, people are buying Desktops and Gaming Laptops with certain GPUs. The pricing for GPUs on eBay and Craiglist has gotten so out of hand that sometimes its cheaper to buy a desktop with a GPU included than buying the GPU itself. I remember a few people did this back in 2018 with some Dell gaming desktops. The GPUs were out of stock everywhere but Dell gaming desktops were usually in stock.

It was either the options expiry which happened right before or the Elon Musk bio change. The bio change is more relavent because it was minutes apart when the pump happened. This is basically equilvant to the Xi pump back in 2019 however I don't like how the entire pump pretty much retraced. This points to signs of a weak bull market.

This is similar to what happened in Oct 2019 with the Xi pump, it was the largest candle in BTC history however price eventually engulfed the entire move and went lower. And we were trading sideways more months and that $10K resistance was tested twice before it finally broke.

So hopefully we start to go back up from $33.4K area or we will most likely go back down to $30K and this time it will break and we will be in the mid $20k's. I am getting a little bearish at this price action.

Yes but the issue at hand right now is not the late buyers who will get rekt holding the bag but its to squeeze all the hedge funds which shorted GME and cause price to hit $10K or so. Right now they weren't taking the money from the little guy. They were bsaically liquidating the hedge funds shorts and they were the ones who ended up having to buy at a high price.

Then the restrictions started to come into play prohibiting most brokers from allowing trades on GME. Do you think these restrictions were so "Late buyers won't get screwed holding a $10 stock at $500/share"? or was it " To prevent a dozen hedge funds from having to go bankrupt and liquidate all their assets"?

What happened this week is proof that the game is rigged and the little guy will never win.

If you guys head over to the Dogecoin reddit,

https://old.reddit.com/r/dogecoin/

You will see there are tons of people convinced that its not only going to hit $1 but might hit $10 even. So $10 Doge/USD would put its market cap at $1.1 Trillion, basically there are maybe a few stocks with market caps that high. It just doesn't seem possible.

However people saw GME go from $3 to $500 which is a 166x gain or Bitcoin from like $10 to $42000 which is a 4200x gain. So they think that Dogecoin can easily reach $1. However they are forgetting that GME at $3 had a small market cap same with BTC at $10. Going from the current price on-wards is not going to be so easy.

I think you are referring to a lucky "block" and not a lucky share. When you are mining you send shares to the pool, when they are over a certain difficulty they are counted and its whats used to estimate your hashrate and pay you a portion based on your work. If you are pool mining then it doesn't matter if you find the lucky share which is a block because you are still paid the same.

So every block has a miner reward plus transaction fees. With ETH  especially during the DeFI craze or when ETH hit a new ATH, the transaction fees were very high. Something like $5 to send a single ETH transaction and for DeFI were more like $50.

So its possible that you can get very lucky, find a block where the reward is 4x the regular reward.

People are nuts about Dogecoin, look at their Reddit,

https://old.reddit.com/r/dogecoin/

The main "MEGA THREAD" at the top was created less than 2 hours ago and already over 4000 comments. Another popular thread is titled "When Doge reaches $10 ill have $10000 and give everyone $10".

Can you guys imagine $10 DogeUSD? Basically Bitcoin doesn't need to worry about the flippening by Ethereum its Dogecoin instead.

This definitely won't end well. Only reason why Dogecoin is not pumping right now is because Robinhood crypto disabled it and people are joining other brokers/exchanges but it takes a while for their fiat to hit the exchanges. Next week should be crazy for crypto especially Doge. So don't be dumb like me and try and short it.

Nobody was shorting doge, at least before this huge pump in the last 24 hours. The funding rate for Doge was like 0.01% a day which means its in high supply, nobody wanted to borrow it to short it down. Hedge funds can't short Doge because there is no futures for them or anything.

I honestly have no idea why wallstreetbets decided to go all into crypto and why they chose Doge. I understand they are angry at centralized Robinhood and Wallstreet and rather go into crypto which is more decentralized. Why they chose Doge instead of BTC? I don't know. Maybe because its on the Robinhood Crypto app? Maybe its because BTC is $35000 and Dogecoin was like 1 penny and seemed easier to make money off if it pumps.

So last night I decided to short some Doge because there is no way it’s going to go above 100 sats. Then added more at 150,200 and 250 and was starting to get nervous. It was a low leverage short but it went up so much that if it did another 4x it would liquidate me.

Then I went on Twitter and saw that some Pornstar ( yes on onlyfans) was pumping dogecoin. Then I decided to cut my losses and exit the short. I don’t want to get caught in another GME 2.0. It’s basically #1 trending on Twitter right now and people are calling for $1 a doge. Which if happens would put its market cap higher than ETH. No way that’s going to happen.

Well when you buy a stock on the stock market, all they do is put a "1" in your portfolio for whatever stock you bought, they can also easily create it out of thin air. Same with going to a bank, getting a mortgage for $500,000. All they do is put a few numbers on a few pieces of paper for you to sign, you never actually see this money. This is because everything is done digitally these days. Just because you can't psychically feel it, doesn't mean it doesn't exist.

So when Binance gives you the 0.0001BTC, its because someone else sold it to you for your $3.50. That person send his BTC to binance, and you sent your fiat to binance and now you did a trade with the other counterparty. Both people get what they want and Binance just gets some commission. There is nothing created out of thin air.

This is nothing like buy the rumor, sell the news. Buy the rumor, sell the news is more like Apple releasing some "new" product. The stock price rallies ahead of the event, product comes out, people are amazed, but the stock crashes anyways.

This has to do with supply and demand. Dogecoin is a low volume crypto. It was #30-40 on the coin market cap. Barely anyone invested in it. However when all of a sudden you got hundreds of thousands of people buying it within hours, its what causes a price surge like this to happen. When was the last time that some crypto went 800% in a matter of hours, can't think of any. The WSB army consist of people with very deep pockets and they can all easily put in around 4 figures worth of Doge. Multiple that buy hundreds of thousands of users and you got a huge price surge.

Investing in FTX won't do much to fuel the stock squeeze however. The squeeze happened not because people were buying the stock but because people were buying the options far out of money. The far out of money call options like $60 call were very cheap. However the chance of GME hitting $60 when it was under $20 last month was a rare event. So market makers sold them cheap but those WSB bought the far out of money calls anyways.

And what happened was a gamma squeeze pretty much. The closer that price got to $60 the more the market makers had to buy to remain neutral in their position. So each contract is 100 shares. Hence if someone bought 100 contracts back in early Jan or late Dec, the market makers would need to buy up to 10,000 shares for that 100 contract position. Multiple this by thousands of contracts and you got your short squeeze.

People buying 1 or 2 shares, won't make any difference what so ever. Its people buying hundreds of call options far out of money made the biggest impact.

Wallstreetbets prohibits any type of pumping of a stock by any member. You have to include some due diligence and research if you want to get a stock noticed, and if you are a new user with a low rank, most likely nobody will even read your post to begin with.

In the past there were some people who somehow managed to get away with it and they got permanently banned. However GME was talked about for months and months, you could of bought it at any price pretty much and made money. Most people probably cashed out when it hit $20 however, since going from $10-11 to $20 in a short while had over 100% gains and people took profits. Nobody assumed it would ever hit $450 in their lifetime.

I saw Doge pumping from 25 sats to 50 sats to 80 sats to 115 sats to 150 sats to 200 sats to 250 sats and the first thought in my mind was "I sure hope Phil didn't sell everything at 50 sats" So I am grateful that it worked out for you. I sold all of mine last month at 40 sats or so, didn't think it would ever hit 100 sats ever.

I guess we got the wallstreetbets army to thank for this. Since they couldn't buy GME or AMC they decided to buy Dogecoin instead. No idea who started to fuel it however. Might of been some guy on Twitter whois tweet was retweeted by elon musk or how elon musk keeps talking about being CEO of Dogecoin. Either way a great day indeed.

This is proof that, trading does indeed pay way more than mining.

The issue with Blockchain wallet id is that its a 3rd party setup and if you try and brute force on their server they will ban you. So you need to get your encrypted wallet from blockchain.com support. Hopefully they will get back to you and send it over.

If he remembers 80% of the characters then it shouldn't be too difficult. Even if its random symbol and numbers/letters with lower/upper case. However if he completely forgot his password and its not in the english dictionary then it will be extremely difficult and time consuming to crack.

The issue with eBay is their return policy. Some buyer might buy your GPU, use it and mine for a few months, then the mining profits go down. And they open up a dispute saying "Not as described" and you will be forced to take it back and offer refund. Plus get negative feedback in the process.

Like a wise miner once said on Bitcointalk "The best time to sell gear on eBay is when you have the highest chances of getting screwed" I think it might of been phil who actually said that. Hence if you really want to sell, try facebook marketplace or Craiglist and only accept cash. Less headaches not having to worry about a paypal dispute.