Generally BTC is like a blue chip stock, the safest however the amount of money you will make on it won't be as much as more other small/medium cap alt-coins.

Look what happened in 2017, BTC went from $1000 to $20000. So a 20x gain. If you invested $1000 you would of made a max profit of $20000 if you sold at the right time.

Now look at altcoins like ETH, from what I recall the price of ETH at beginning of 2017 was like $10 and it peaked at $1400 so a 140x gain. Basically $1000 would of net $140,000 max profit.

Now whats even crazier is XRP. It had a price of less than a penny, something like $0.007 per XRP. And it peaked at $3.20, so a 450x gain, so $1000 would of made you half way to being a millionaire.

Basically its like in the old days of when you bought a hard drive. You bought a 1GB drive only to find out that you can use like 950GB or so. With GPUs is similar but to a lesser extend.

Generally you can't use the entire 4GB of a 4GB GPU, there is some data or cache that the OS stores on the GDDR so you can't use a 4GB to load a DAG that is exactly 4.0GB or 3.999GB.

I think if you use Ubuntu you will get the most space because it uses maybe 50-75mb or so of GDDR, so you can mine up to 3.95GB almost. Anything higher and it won't work.

Futures trading is pretty much the exact same thing as trading spot the only difference is that sometimes there is a premium in the price of the underlying and generally since its a derivative there is usually high leverage.

With spot you get 1x leverage since you are purchasing with cash pretty much. With margin you can get between 3-10x depending on the exchange. And with futures you can get 125x depending on the brokerage. Obviously the higher leverage is better if you know what you are doing.

However since you are new you are better off just trading spot and see how it goes. If it goes well then move on to margin trading where you can short. If it goes well then go trade futures.

Did you bother reading this thread even. It was already concluded that his positive test for covid19 affected all risk-on assets including bitcoin. Risk-on is generally stock markets and crypto markets. Right when the tweet happened the stock market immediately started to crash. Then BTC markets followed, including ETH and some alt coins fared worse.

Yes BTC reached almost $11000 because he seems to have fully recovered already. In a few days he will take another test and it might be negative. So what is said already happened. If he gotten more ill then the markets will either trade sideways or would go downwards.

Next verdict is going to be what happens with the US election.

Trust me they are all scams. Even back in the stock markets day there were links on the Yahoo stock discussions all the time for these "millionaire stock trading guru's". Usually what happens is they either give signals in hindsight, signals way too late, or they give exit signal way too late.

Most of the time the traders there almost NEVER take the actual trade, they maybe take it on demo. What you will find is they will enter a trade at say "buy BTC at $10000" and BTC will go to $10500 and later back down to $10000, they will say "Took profit at $10500". If it went to $10600, they would say "Took profit at $10600", if it went to $10987, they would also say "Took profit at $10987" and that's how you know its a scam. When they tell you to get out is usually way too late.

Same with exiting losing trades. Say they "Buy BTC at $10000", then BTC crashes to $9000, they will usually say "Got out of trade at $10000" or "Took a small loss at $9999".

The reason they get away with this is because most people that follow these signals are usually at work, they don't follow real-time. If you follow real-time you will see that ALL the signals came way too late and impossible to profit off.

The issue right now isn't with second wave of covid19, most likely this is already priced in the markets. Eventually there will be a vaccine in months so even if people are in lockdown again, most likely it will be temporarily and not cause as much panic as before.

The larger issue is the presidential election which is going to take place soon. The stock markets will be on its knees for the result of the election and whchever way the market will go, crypto will quickly follow it.

So if Biden wins, the stock  market might have a sell-off and crypto will follow. Could take months or years for the stock markets to reach the highs it touched a while back. If Trump wins I am expecting a more bullish event and BTC and stock markets should rally.

One thing that you and most people that want to get into mining need to understand is "difficulty" and I am not talking about something being hard but "difficulty" is something that each crypto coins has to make the supply stable.

So if there is 1 miner, he will get 100 coins per day. If there are 2 miners, each will get 50 coins per day, if 10 miners, then each get 10 per day. This is assuming static speed. This is what is called difficulty.

Usually its not the price of BTC or ETH which makes mining unprofitable its difficulty. More people here about "getting free money on the internet by mining" and more people join in so the difficulty has to go up and there is less of a slice for everybody else.

Venezuela might be the cheapest but mining is considered illegal there. Last I heard if you are caught mining you might face imprisonment and get your gear confiscated. Very corrupt country. One reason why is partially due to their power costs being free (or very cheap) for most citizens.

And Canada is not a good country to mine. The areas with cheap Electricity aren't good areas to live and the weather is dependant on the province. Some provinces barely have winter and other provinces have like -30C weather in February. Issue is the same provinces also have +30C weather in the summer so your setup won't work well in either climates.

Basically -30C is way too cold for your equipment and if you leave an Antminer outside, and if it stop mining for some reason, you will need to disconnect it, bring it inside to thaw and then bring it outside again. Believe me I had this issue. And in the summer its so hot that if you got too much gear it will basically start to overheat due to the high heat.

If it doesn't work under Ubuntu then most likely it won't work with any other set up. The RX 4GB models got maybe a month left or so of mining so you are not missing out on much. Nothing to do really but try to sell them on Craigslist and buy an 8GB model.

Apparently ETC is going to do a fork to reduce its DAG to 2.5gb sometime in the future to gain more hashrate so you can save your 4GB cards and mine that in the future. However keep in mind that the profitability most likely won't be like ETH even though the power consumption and power costs are the same. So up to you which way you want to proceed.

Most of the RX series DID NOT have a dual bios. Dual bios was more popular with the older cards from the Radeon era. They also might be more common now but most RX series cards DO NOT have a dual bios. I think the only one that had one was some special Sapphire brand.

So he needs to becareful when modding to make sure he doesn't mess up. If he messes up there is a way to recover a crashed bios by having to short 2 pins on a chip location on the PCB and using DOS he can reflash with the stock bios. Hence if you do this, ALWAYS make sure to make a backup of the bios.

I checked the transactions and it seems the last time he sent any ETH from that address was back in May 2019, so its very strange where he has been away so long. Another reason could be that maybe he is just hodling these coins and wants to sell when >$1000 or so.

However he sold the coins back in May 2019 because its when it recovered from the $80 low. It was $80 back in Dec 2018 and in May it went to $250. Then a few weeks later it went even higher. And last month ETH went even higher than that at almost $500. So it doesn't make sense why he didn't sell.

100 ETH isn't really that much money so who knows. That address might be one of his "chump change" accounts and he is just letting it sit.

The reason why is mostly due to its liquidity. A few years back if you wanted to buy or sell a few millions worth of BTC it would be difficult. You would end up moving the price too much against you. These days its nothing.

I think Bitfinex was the first exchange which let you short BTC as far as I can remember and this was in 2014, prior to that I don't think you could short it. Even though many people don't like shorting, its what creates liquidity in the markets. And now that we got futures and derivatives it lets more and more liquidity more through bitcoin.

Not every market is like this , look at YFI , Sushi and other markets. They can quickly drop to $0 if there is one individual who wants to cash out.

The issue with those adapters is that they aren't meant for mining rigs pulling 1500 Watts of power constantly. They probably rated them for 15 AMPS because they assumed most people would pull less than 100 Watts from them. If you open them up you will see poor soldering jobs and see a fire risk.

I had a similar issue with a Kill-o-watt I ended up killing. Basically used it for years and for a few times went close to 1800 Watts or so, no issues. I only used it to measure power NEVER left it connected constantely. Then one day with a few Antminers I forgot about it being plugged into the wall, after a few days of 1500-1600 Watts I disconnected it and it was melted on the plug.

If you are getting 24-25mhs you will have to manually strap your GPUs in the bios. I had the straps work in the past with Claymore but with Phoenix I couldn't get them to work properly. This was under Linux however, maybe its different in Windows.

Just search for PimpMyStraps or just use a bios editor and copy the straps from 1500Mhz all the way to the rest of the memory clocks and flash it. Just search this forum or Youtube and there are step by step guides on how to do this.

What are his dev mining addresses again? I am too lazy to start the miner and fetch them. From what I remember he used something like a Coinbase address for his fees so impossible to tell if he hodl'd the coins or sold them immediately.

If you are right, then it is rather odd that his ETH is untouched when ETH went to almost $500 a few months back. Really irresponsible not to at least take some profit off the table at $500 when we dipped below $100 a few times in the past.


Your GPU is running out of memory due to growing dag. Switch to Linux and use Phonixminer instead and it will work for another 1 month and then you can't mine ETH anymore.

I would not trust those trendlines, honestly very rarely do they work out in crypto or even stock trading. They are like Elliot waves, they look great in hindsight but for actual trading not very accurate at all.

What I like about the BNC index is that it follows the 200 WMA very well. I took a few spot long positions the last 2 times these levels were touched, back in Dec 2018 and March 2020 and both of these trades worked out. This is the only indicator that I would trust long term with BTC.

The 200 WMA goes up every week so it provides good support for the longer that BTC trades sideways, so currently its at $6800 and goes slightly higher. So if we ever break the $8000 support, most likely the $7000 area should be good support.

Honestly I've been following Claymore for years and he seems like a good individual. I don't think he is in jail or dead. He made so much money legally why would he resort to crime, doesn't make sense.

However very strange to just disappear like that. Very unprofessional. Many developers in Crypto in the past when they stopped developement they usually stated why and just left, instead of just becoming a ghost.

He loses money due to this simple fix and wonder how rich he must be not to want the extra income.

He made a little appearance today in his Suburban SUV and the stock market futures went up 0.50% or so. Basically it saved the stock markets from crashing. When it was annouced that he needed to go to the hospital the markets were already closed. If it was annouced during market hours then most likely there would be another crash in the stock markets and including bitcoin.

So far the markets are stable because he will most likely recover and be fine in a few days. However I think after this people will take the covid19 move seriously since if he can get it then most likely anyone can. In Europe there are many closures and even in NYC there are some schools which had to close to prevent spread. With winter coming it doesn't look too well with a second wave coming. Fall I dont think will have much positive news. Maybe a sideways season.

Yes you would basically have to remove those GPUs because they wouldn't be able to mine at all. Even if you got an 8GB GPU in the main slot. Basically ETC might do a fork and reduce its DAG back to 2.5 GB so you can try and mine that with your 4GB GPUs.

Smart idea since many of the obsolete ETH ASICS and obsolete >3GB would be able to mine again and it helps the ETC network because it might prevent these 51% attacks from happening.

We asked him to fix this many times in the past. I also had issues with the Dwarfpool dev fee issues. I also had other issues where it fails to mine on the dev fee pool and eventually stops mining all together because the software thinks you are trying to cheat it. Very annoying because it causes the rigs to do a full hang and require a cold restart.

Last time he was active in this thread was Nov 2019, he was usually very active in the past, even when he didn't make updates. Now I think he might be retired from developement. He made crazy gains since his miner was the only decent software during the 2017 market boom and probably saved up tons of ETH and just living on an island somewhere.