If someone uses your miner how do you get the dev fee? Just wondering because I didn't use your miner in the past. Do you get paid in whichever alt-coin they are mining or do you just allow dev-free mining for certain coins?

I wish I knew about this option about 1-2 years back because I was forced to use Claymore free mining and the speeds were horrible. Even though it hashed at reduced speeds, the power consumptions were pretty much the same. However it was the only to mine those newer type of Daggerhashimoto type of coins because ethminer was much worse and crashed whenever a new DAG was created.

Ok so from what I understand, you send 32 ETH to some contract and its stuck there until Phase 2 which is sometime after 2 years. You can't withdraw this ETH at all until then. But it doesn't state how much rewards you get for getting this ETH staked?

So I am assuming that the more staked ETH the less rewards for those staked ETH. So people need to make a decision whether they want to hodl their ETH for the long term (+5 years) because with BTC close to ATH and ETH following thereafter it seems like a tough decision if you only got <100 ETH in your possession. Wonder how much ETH will get staked exactly?

Heard some people talking about ETH 2.0 being released. Anyone got an ELI5 what is going on with ETH going POS finally? The ETH thread is very long and hard to follow. Other sources give conflicting information.

Basically I have been waiting 4.5 years for POS on ETH so whenever I hear these claims I take them with a grain of salt. So how accurate is this exactly? Going live in Jan 2021?

Ubiq DAG is only like 1.2Gb so it's not a DAG problem. However I think what is happening is the dev fee mining is what is causing the issues. Basically the ubiq DAG fits but 15 minutes later on both miners it loads the ETH DAG because claymore and Phoenix don't want to get paid in Ubiq dev fees.

Only way to fix this is to run the miner with "nofee -1" and it will run without the dev fee at a slightly slower mining speed. I had this issue in the past when I mined low cap coins and the DAG dev switching kept crashing my rigs.

Yes there is a difference especially with leveraged trading. Say you buy BTC at $10000 and you are paying 0.1% fee, so round trip its 0.2% so about $20 in fees. Now consider that you have an account with $10000 in it, if you get out at break even you still have $9980.

Now consider you got an $100 account, you go 100x on the trade, so same principal and closed at break-even, your account is now $80. Hence a huge portion is lost due to fees. Hence why its very difficult to make large sums of money with small accounts. Those people you hear who went 100x and made like $1000 from $100 got extremely lucky and doesn't really happen all too often.

The reason why people are buying alts is because they are very cheap these days. Look at ETHBTC, how low can it possibily go. Seems like a decent risk reward to buy some ETH at these levels. Same with LTC and XRP which are hitting record lows compared to BTC.

So people decide whether they want to sell BTC for fiat or alts. If they sell for fiat they are mostly done. But if they sell for alts like ETHBTC and then that alt goes 3x, and they can sell that alt for fiat and get 3x as much. Probably not a good example but you get the general idea.

However we have been waiting "years" for alt season like we had in early 2018, who knows when the right time will be?

Well he did make lots of money but you need to understand a regular computer programmer probably wouldn't have the experience to make these miners. Regular CPU programming is different from GPU programming. GPU programming I would say its a special niche and not too many people know how to do it properly. Basically GPUs have many cores unlike CPUs and you need to code it to perform the same repetative tasks as fast as possible and then compute the result.

So it takes special skill and experience to make these miners. Also AMD algos are different from Nvidia algos, so you need more experienced if you want a larger amount of miners. Hence he made tons of money because at the time, he was maybe the only coder which can make an ETH software. Only other people are maybe the ETH foundation, that wolf0 guy and Claymore. These guys are very old school.

Basically if you want an exact number you run the rig with all GPUs. And then just disconnect 1 GPU at a time and measure the chance in wattage. This is a pain to do because there is no easy way to disconnect the GPUs, you have to disconnect the riser, and disconnect the PCIe power cables. If you have the riser plugged in without PCIe cables it will draw power and vice versa. Hence it won't be accurate.

You also have to do this with the GPUs at a hot temperature because the rig uses less power when colder than hotter. One reason is that the fans spin faster and I think GPUs in general use more wattage when running hotter, no idea why. However the SMOS reading is pretty accurate I would say at 545 from being an estimate somewhat.

There really are no targets. The way how wicky Bitcoin was back in Dec-Jan 2018, the prices vary on most exchanges and hard to pick a resistance level. Basically $20K is the next resistance level, maybe $19950 or whichever it was.

Will it break $20K? Who knows. One thing that worries me is people calling for $50K or $100K or even $300K bitcoin and such. This leads me to believe we might go to like $19999 and start to pull back and basically found a double top. When too many people are bullish its never a good thing. Wonder if $16K was the top, seems the funding is getting way too positive and usually unless $16K breaks in the next day or so, we might get a $1-2K pullback soon.

Well at least you didn't sell at $13.5K like most people last week. The way that a real bitcoin bull market works, is that there is rarely a large pullback. Basically the pullback will be the start of the bear market. Look at what happened when BTC broke $10K in Nov 2017. People wanted to buy the dip and basically bought it after the $20K top.

This is why you shouldn't sell everything at once, scale out if you have too. In general you shouldn't sell all your crypto. Imagine if you sold it at $1K back in 2017, thinking it would go back to $700 and it never did. Would you rebuy at $15K, most likely not. Hence always have some BTC in cold storage. No better investments these days really.

Its rumored that the latest run-up was due to a MM which sold way too many call options dated for end of Jan 2021. Look at,

https://www.deribit.com/main#/options?tab=BTC-29JAN21

Look at the $32000 and $36000 calls, look at the open interest. Basically a few days back someone bought 20K worth of these calls basically giving the right to buy 20000 BTC before 29 Jan 2021 at $32K,$36K prices.

Most likely the market maker is buying these BTC to hedge in case BTC does go higher than the underlying in January 2021.

Yours should work until EPOCH 379, maybe 380, however 381 will definately not work. If you are getting issues now then you are most likely not using onboard graphics as the main GPU in Linux. Basically go to your motherboard bios and enable onboard graphics, they will usually be automatically disabled and plug your monitor into the motherboards DVI connector and disconnect from the GPU.

Then try again and it should work. You can also use the -benchmark setting and try different DAG numbers and you will know exactly when it will stop to work for you. You pretty much got a month or so to go. After that you need to either upgrade the GPUs or use another software like lolminer which can mine after 4GB at reduced speeds.

Yes last week I did some digging and if the dev address that was posted a few pages back is accurate and its indeed one of Claymore'd addresses then going foward with the ETH transfers you can see that he was active back in the Summer sometime.

Really hard to say why he isn't selling. Maybe he is a hardcore ETH believer and waiting for ETH 2.0. So if ETH clears over $1000 again in the future I am expecting that Claymore will do more transfers to exchanges to sell his ETH stack. However if he still doesn't sell when ETH goes to $1000 or $2000 then obviously something might of happened with him. Because who in their right mind wouldn't at least sell some ETH at 4 figures.

I haven't looked into the Binanace credit card, however if they are like the ones I used in the past. The fees are crazy high for making any transactions. I used a service before and there was no deposit fee, small fee to convert BTC into spendable USD however the fees really were high when you went to spend it.

It was like 2-3% or so and its because thats what Visa or Mastercard charges merchants these days and you need to pay those fees. Plus the 1% fee for the credit card crypto company. So its good for small transfers but not worth it for anything larger than 4-5 figures.

Its a good approach but however you will not make any more money that way. You will only save maybe 1% because you avoid pool fees, however you have variance to deal with. And if you mine a coin like ETC which still has a high difficulty it can still take a long time to find a block.

Most POW coins these days generally are almost never listed on a large exchange like Binanace. Most of the new coins and projects are all ICOs and they use a ERC20 token. Gone are the days of instamining new coins and then selling for top dollar as soon as it hits an exchange.

I also switched back from Bitcoin ASIC mining into GPU mining around 2016 and I was in the same situation as you. Didn't want to spend $500 for a Nano Fury so instead went to Craigslist and lowballed a bunch of people and bought a few R9 280X for like $120 or so. The R9 290 was maybe close to $200 and R9 390 was probably even more expensive so you must of gotten pretty lucky getting the 390 for only $100.

At the beginning of 2016, the R9 280X hashed at like 22-23Mhs, then it kept slowing down and down after each dag. Miner software SUCKED at the time. There was no PhoenixMiner, there was no Claymore. You were stuck with the buggy eth foundation "ethminer" which froze your rig each and every new DAG which was every 5 days.

Yes the profits went up and down. Probably some days it was like $1/day/GPU and if I only knew ETH would hit $1400 I would of been a millionaire if I held all that ETH.

Your best bet would be to try Gemini. Now when you go to their website their fees are fairly large. The reason why is because its geared towards newbie people and they pay for simplicity. But if you send them an email they can enable ActiveTrader which has lower fees. And I also think the lowest fees are just using the API. Basically you will have to sell by command line but that I believe has like 0.1% fee if you are a low volume trader.

Its a fairly secure exchange and your money and funds are insured. As long as you are in the USA you shouldn't have any issues. Just keep in mind like Coinbase it requires KYC but since you used Coinbase already then you already knew that .

Future brokers usually have even lower fees but they are mostly geared towards trading and not a fiat off and on ramp. So Gemini wth 0.1% would be your best bet.

Basically follow what the guy above me has posted. If its too advanced for you there are some small apps you can download called "Hide Window" or something similar which is a GUI that can hide the window for you. Some programs might even do it automatically on every restart.

The easiest way to check if its mining is just go to the remote terminal in your browser. Claymore by default has remote monitoring enabled on port 3333 so all you need to do is go to 127.0.0.1:3333 and it should load right up. If there is a password then change it in your command file.  If you want to stop mining then just log out as a user and it should automatically stop mining.

Basically it seems like a very easy trade to short the top of June 2019 at $13.8K and most likely what will happen is we will head higher. Make go all the way to $15K before dropping or it might not drop at all.

There are very many people who are calling this the top and it shows on the futures markets. Basically tons of people went short on the initial break of $13.8K and there was a sell off but the selling was overcome by very strong buying. And yet we are still trending higher and higher so I don't think this is the local top.

Maybe if we get a double top again and it fails to break $14K one more time then maybe the bears will have a chance but right now there is just way too much steam to stop this rally.

I think that since crypto has decoupled from the stock markets then the election result will have less impact as previously estimated. The markets are very erratic. Currently the stock market futures are flat and everybody was expecting a circuit breakers gap down day since UK went into lockdown.

So I think it doesn't really matter who wins, Bitcoin will do its thing pretty much. Plus if most of the market is betting that Biden wins, and when Biden wins people are assuming a stock market sell-off most likely the opposite will happen.

Currently there are way too many people which are bearish on stocks, especially with the down week that they had last week that many will most likely short it this week and it will go up anyways.