There is another thread in the "speculation" section talking about this exact same thing. Basically there is a graph posted on the Coindesk website and it shows the peaks whenever there was large whale deposits into exchanges, and the conclusion is that its not that reliable.

It was reliable when BTC crashed during March 2020 due to Covid19 stock market crash and since then it only provided very small dips and sometimes price traded sideways after a large whale deposit. Not a really reliable indicator. Also by sending BTC to exchanges it doesn't mean they will be sold. They can be used to buy alts, provide margin to long BTC or to settle a margin short position. None of those are necessarily bearish on overall price.

Yeah its pretty funny how people are upset that BTC is only $17K now when a few weeks ago it was trending up, broke $17K and traded at $17K and people were very happy. So its the exact same price as before but people still want more and are greedy.

This is a good example why when BTC has a sharp decline its always wise to take profits shortly afterwards in the bounce. When BTC hit $20K back in Dec 2017, people wanted to sell at $20K but it never reached that point, they had multiple chances to sell at $16K but didn't want too because they wanted their $20K and instead sold at maybe $6K or $3K. Hence if BTC say goes to $100K and has a sharp drop to $50K, nobody will want to sell at $50K, they will want $100K. So it will go to like $75K peak and then start to drop and most will miss out selling at $75K because they are greedy and want $100K. However $75K just like $17K is still a great price to take profits. Be happy we are not at $7K.

Any idea why Nicehash won't support it anymore? They said that by supporting ETC it would lead to 100% invalid shares and the sellers of hash would get paid but buyers of hash would result in a complete loss. I am completely puzzled by this because this algo is pretty much the same except the DAG size is just smaller. Anyone got a clue as to why they would do this?


Also a head up if you got a Ledger hardware wallet, apparently some people are getting a phishing email with their real name providing a fake Ledger website which tries to steal your key. So keep it safe out there. This is similar to the Electrum phishing attack a few years back. If you are in a hurry to sell your BTC, you might overlook a few things and rush and then get your BTC stolen. So always be cautious.

Its funny that you ask this because almost exactly 4 years ago, I had the same worry. So I made a similar thread

https://bitcointalk.org/index.php?topic=1716725

Did my own calculation there and had lots of replies that went into depth on pretty much coming to the conclusion that, its pretty safe. See the thread if you want more info.

I think Electrum is a great wallet. There was some Ledger email leak apparently and some phishing attack is going on. So in my opinion an offline electrum cold storage is a very very safe way to hold your bitcoins.

There are 2 articles regarding that indicator that tracks whale deposits into exchanges, if you look at the other graph they posted, it doesn't really seem that reliable. Basically only time it was useful was during the March 2020 covid19 crash, where it you entered you could of been able to short it down to $3K from like $5K or so.

The latter spikes of where bitcoin deposits by whales wasn't really reliable. There was usually a spike on some and a few hours/days later price went back to where it was. And there was some spikes which did nothing at all pretty much.

I think the reason why the spikes are high is because people were expecting $20K to break, it didnt and now they rather sell at $17K than watch it go back down to $10K or even lower.

The only miner I got left is an Antminer S3 that I decided to keep for my Bitcoin Mining museum. Decided to plug in the numbers and see what price BTC needs to hit to break-even with $0.10 power costs. The answer is $246,000 BTCUSD assuming difficulty stays constant which obviously it won't.

I remember a few years back for fun, I ran it on the ck solo pool hoping to hit a block and no dice. Didn't even come close by the amount of largest shares that I found. Ran it for maybe 9 months before calling it quits. Wonder if it eventually would of found a block... probably not. According to that ck solo pool thread on bitcointalk, I don't think an S3 ever found a block, most recent was maybe an Antminer S5.

This one is actually a mystery to me as well.

At first I would say to make sure your motherboard has enough lanes to support 6 PCIe, however you said you used 6 Nvidia cards previously and it worked. I would also say to run each one individually and make sure it works, which you did. Also since you re-used the same risers as what was on the Nvidia cards then that should also eliminate bad risers.

The BIOS flash and everything doesn't seem to be an issue since they work seperately but not together. It also probably is not a PSU problem since the same PSU worked with 6 GPUs so it should work no problem with 3 GPUs even it they use a little more power.

You sure you didn't damage anything when you took out the Nvidia GPUs and put in the AMDs?

Ahh the Gridseed mini miners, I remember these when they came out. When you bought these you either made a killing if you were one of the first people to receive one or ended up at a loss since the LTC difficulty sky rocketed shortly after along with the huge price decline especially for alts.

I think these were like what? $250 or. $300 at their peak back in 2014? I remember they were very popular here on the bitcointalk classifieds. I think shortly after there was that KnCMiner LTC Scrypt ASIC cube released and the value quickly tanked.

Eventually the stock to flow model has to break and stop working, question is which cycle will be the top. Looking at the chart, it seems that by 2024 we should be at $1,000,000 a coin, do you think this is sustainable? 21 million by $1M is around$ 210,000,000,000,000 market cap, do you think this is sustainable? I don't think it is.

In a year or 2 we should see whether the last cycle was the last cycle to work. There is still hope we might get close to $100K however I think that is still years away even if it reaches that milestone at all. Most likely we might reach say $50K but I don't think it will happen until like 2023 or later. We might get a wick into $50K however most likely the figure will fail to hold and we will come back down and start another bear market like in 2018.

I frequent the BitcoinMarkets on reddit and about a week ago I posted that since everybody is so bullish and 100% sure that BTC will go to ATH and then head to like $25K or $50K or $300K, then most likely the opposite will happen. It will go close to $20K, but not too close and it will start to reverse. Which is pretty much what happened and guess what? My post was voted down because they called me a bitcoin bear.

One guy I think had like 1 BTC and he was saying he wasn't going to sell it until he could buy a house with it. When you read comments like that it should be a warning that there is way too much bullish sentiment and can get ugly fast, which is what happened. Way too many over leveraged longs and we went from $19500 to low $16K in a very short while.

I don't think he will care much that you switch. He was last active about a year ago and if he cared he would of made a few minors updates here or there. However I think he made enough profit in the crazy times when each GPU mining was making like $5 a day, during 2017 and part of 2018.

Right now each GPU makes like what? Say $1 so he gets a penny a day for each GPU. Back in 2017 it was more like $5-7 a day and he was getting $0.07 per GPU per day and he had much more volume then. So the money is there but not as much as it was in the past. If he saved most of the ETH or switched some into BTC, he is fairly wealthy at the moment.

When it had a double top at $19500 it was a sign that it might not break ATH this time around and now we went to the low $17ks already.

I am not surprised, this was pretty much the max pain spot since people basically sold way too early at $14K and most wanted to sell at $20K or something like $50K or $100K. So the market does what the market does best, disappoint the majority of investors.

Except which altcoin will produce gauranteed profits? Probably none. Ripple is pumping today but if you look at the charts it also pumped back the Summer where it went from like $0.20 to like $0.33 or so, people were assuming it would go to $0.50 but instead look what happened. Same with a few other coins. People have been waiting for "alt season" pretty much for 2 years and probably got heavy bags with all the dollar cost averaging they had to do this entire time.

It might look easy however you know how it will be for most people, they will buy the wrong alt and have it turn around and lose 90% or they will buy the right alt, watch it go up 90% and they don't sell and it goes back to break-even and they just get out. Hence why the OP wants to make some actual profit by mining, even though its small but its not risky.

I know what your issue is and unfortunately I don't think you will be able to mine with the 4th GPU on that motherboard. I had this issue before with some entry/mid level (non-gamer type) of motherboards and the issue is you are basically running out of PCIe lanes.

Motherboards sometimes have more slots than actual available lanes because they assume that most people (not miner) will not use every single slot at once. So usually if the main 16x slot is taken then its assumed that the dual slotted GPU will cover the PCIs slot right below and won't be in use. Using risers you can use every slot however.

Read your manual, and it will usually say something such as PCIe x4 shares with PCIe x1.

I am getting this questioned asked by relatives and friends because they are hearing how BTC is almost $20000 and they basically want to find out "How can I mine 1 BTC with my Macbook". Basically they all think you can mine BTC (not alts) using computers still and want to know much many Bitcoins they can mine PER DAY with their $1000 Macbook.

When I explain to them about how it works, give them all the details, pricing and estimated daily profits, they either think I am lying or they are no longer interested because "I won't get rich making $0.70 per day per GPU that costs ~$150".

Almost wish I never mentioned to anyone I was involved with Cryptocurrencies.

The biggest difference now I would say is that this rally (except for the last 2 days) has been mostly led by the spot market instead of the derivative market. Usually arbitrageurs keep the price balanced between both, however there are times when there is a delta in the futures pricing. Hence why the funding rate exists.

The funding rate has been mostly flat during the last few months, very different from 2017 which was always like >0.10% per 8 hours. So back then, most people were leverage trading and bring BTCUSD price up. If someone has 1 BTC, they can buy up to 100 BTC worth rather than a spot trader who can only do 1:1 or something like 1:3 with regular margin.

The issue with high leverage positions is that we would get crazy $1000 red candles within a few minutes due to massive liquidations. So far we haven't experienced this yet. The markets are more stable and liquid than 2017.

Going for a long here at the 2300 Sats area, basically entering way too late since I wasn't home earlier to catch the move. I think that we might break the $0.50 resistance and head for the $1 or $1.50 area. Basically a repeat of 2017, when XRP just seems to rip like crazy and break all time highs.

You guys might of not remembered but XRP was the most profitable crypto to own in 2017. Bitcoin started the year at $1000 and peaked at $20000, so a 20x gain. Do you know what XRP gain was? Something like 500x. It started the year being worth less than a penny, something like 0.007 or so and peaked at $3.20.

Obviously you couldn't sell the high but a $1000 investment would of net you over $500,000 if you sold at the right time. Hence I think we might take a stab at $0.50+ area once again. Only thing I don't like now is the funding.

Did some research into this because I couldn't remember and it turns out they sold something in 2018. Sometime between March and June 2018, so it was way after the bubble burst. Regarding the BitConnect it seems to have got shut down in middle of January 2018. I think it was that tweet from Vitalik saying "Its most likely a Ponzi" that set them off. I think this was during the time when ETH hit $1400 or so.

So I guess you are right, the bubble bust itself and later it was just a chain of unfortunate events. MtGox issued bankruptcy later in February 2014 while the bubble burst 3 months prior. So it seems that these events basically trigger a faster sell-off rather than reverse the trend of the overall market.

Since it’s designed for their MacBook I am assuming it’s mostly geared towards low power usage, to prolong battery life and won’t be ideal for 100% usage applications. If they designed a processor for their high power desktops then maybe it would be able to compete with some of the higher end AMD processors.

However the biggest hurdle here will be price. It obviously won’t be cheap and won’t be ideal for mining even if it proves to be very powerful. If Apple released a GPU on the other hand, one to compete with the higher end Nvidia graphic cards then that would be a game changer, however I don’t think Apple would go into that direction, not much profit really for them.

Just because its cheap doesn't mean its a good time to buy. Back in 2014, the top 10 coins excluding BTC, ETH, LTC and XRP were Peercoin, NXT, Omni, Namecoin, Bitshares, Quark and Megacoin. Now how many of those still exist today? Exactly.

You can go and buy Tron, EOS, Stellar but keep in mind that there is a chance that they might never recover, especially against the BTC pair. So you will keep averaging down and down and pretty soon you will have a very heavy bag. If you are going to buy maybe wait until some type of green candle first. And just buy it on the way up, if it keeps going down then just get out. Use stops and you should be fine.

My choice of safe coins would be DOGE and BNB. Everything else looks too expensive now.