Reminds me of my days of discovering crypto and mining. At first I tried mining with my built in GPU onboard on my motherboard, was very slow. So got a second hand Radeon R9 270X, and speed was much better at the time. When I noticed how much money I Was making mining LTC (or DOGE) back in early 2014, I decided to get another one to double my money. Then I got 2 more, then I ran out of space on my motherboards.

So I got more motherboards, then more GPUs, then had to upgrade my PSUs. Then I had to make a wooden cheap air frame. Then I had to order risers. Got everything set up. A few weeks later I doubled my farm in size again.

I think I would of kept going more and more but GPUs were sold out everywhere in 2014 and the prices started to crash and difficulty went up too fast. However it sure was a fun adventure.

With my RX 470 4GB with 1100mhz and 1950mhz memory it got around 27MH/s or so. Definately not 30MH/s. Only way I could get 30MH/s was on 1150Mhz and 2000Mhz memory which seems more inline with your calculations.

However I didn't really put too much work in optimizing the cards, just did the same bios strap mod for all of them. This was during the 2017-2018 days when you didn't really care about power consumption because it was very profitable to mine. Most of my GPUs were mostly the Hynix memory types. Rarely did I get Samsung or Elpida memory.

Thanks for posting these findings, very interesting indeed.

I don't know how it is in your area but in my area there are tons of bank ATMs and certain types of credit card merchant machines right by the casino or in the casino. These machines usually have high fees, it doesn't make sense to use them. You are better off just withdrawing money from your bank direction, however people still use them. Why is that? Probably due to all the reasons you have outlined.

People probably already got cash in their wallet and they start to gamble. They lose it all and go on tilt or think they can win it back, so what do they do? Leave the casino and drive to their bank? No its probably closed or too far away. They basically walk a few feet and withdraw more money to gamble away.

Hence the reason why those machines are so effective at making the casino so much money.

There are a few sites that use DOGE because its actually a pretty good altcoin to gamble with because the transaction fee are pretty much zero. It also features a fairly stable and secure network so people are comfortable to keep their money in it. If you consider an alt like ETH, yes the fees are cheaper than BTC but they still are not free. Hence why DOGE is popular.

Right now I think what is happening with the bitcoin network will lead to more and more congestion and might be a repeat of 2017. If you saw the network today, if you wanted a transaction to confirm by next block you almost had to use 150 sat/byte which is very expensive. If the price keeps going up, more participants and more congestions and pretty soon it will be like 2017 where we need to pay 300-500 Sats/byte and it takes hours to confirm.

We don't have this issue now but in the future it might become an issue and for casinos to stay competitive they will need alt-coins to keep their site alive. This is actually the reason why all the BTC on-chain betting sites are all offline, due to large fees.

For those interested this is how Primedice looked back in 2013,

https://web.archive.org/web/20130528162801/http://primedice.com/

This was the earliest snapshot I could find and it was taken in May 28th so a few weeks later after launch and they still had over 250K bets already. Its pretty amazing that the first design they had was pretty modern by todays standards. I think their layout back then is better than most sites dice sites that are launched.

Also look at the bet sizes, somebody bet 2.5 BTC back then, so it was around $100 or so. So it was only a $250 bet, but by todays standards how often do you see someone betting over 1 BTC? Very rarely.

Here is to another 7 years.

The website is important because its one of the metric measures that determines the state of the entire crypto market. Are there really any other alternatives out there? Not really pretty much everyone uses coinmarketcap. You need to understand that whichever altcoin they decide to track, it determines the total crypto market cap and total bitcoin dominance hence its important that the service is out there.

I didn't know they don't allow crypto gambling ads. Most of the ads I see on there are ICOs and Trading exchanges for crypto or forex. And honestly I don't see how casinos are that much more riskier when they are still listing speculative investment assets anyways. Maybe there is another reason they don't list gambling sites. I think it might have to do with regulation in certain jurisdictions. Which is too bad because besides Bitcointalk forum and coinmarketcap there really isn't any better place out there to advertise your affiliate site.

This is no different than saying that most people who are new to trading stocks should just invest in bluechip stocks like Apple, Facebook, Google, etc instead of getting into penny stocks. Basically the top alt coins or bitcoin are obviously more safer because they have been around longer so the chances that they pull a 99% loss is slimer, however they are still possible.

One thing to consider is this. One time a few years back when BTC was $1 or so, it was also considered a risky penny type stock investment, however if you invested then at $1 you could of made $20K per coin that you bought. Hence this is the reason why many newbies invest in risky small cap altcoins. They invest little like $100, so if it goes to 99% loss they don't lose much but if the alt-coin gets a good exchange listing like Binanace and ends up going up 100x then the pay-off will be big.

The only times when fees were very expensive was during the transaction spamming days of 2017/2018. Back then BTC was hitting like $20K and I wanted to send to my exchange to sell for fiat and I had no choice but to pay a $50 fee because it was the only way to get it confirmed. Basically I did this from my own wallet, used a $10 fee, it didnt confirm after a day, then had to do the Replace by fee option and upped it to $25, nothing and finally $50 or so got it confirmed like 6-12 hours later. It was brutal back then.

Fortunejack at the time didn't charge withdraw fees and the fees were huge to them, basically like 200-300 sats/byte and around $75+ was spent on the withdraw transaction alone. I felt bad for any exchange or bitcoin casino that offered free withdraws at the time because they were losing money. Even the ones like Poloniex which had a fixed fee of like 10K sats (they used 10K sat for like 2-3 years) they still paid like 200-300 sat/byte for the withdraw, basically the 10K sat withdraw fee never covered it.

Now its not so bad, just wait for the weekend and you will see the fees are reasonable. Just click the 30d button and see how the transactions go down on weekends. If you got your own wallet then just make a transaction with 1sat/byte and eventually it will confirm, this was not possible in 2017. So right now is not a time to panic about congestion.

Are you selling for fiat or do you just want to trade the ETH/BTC pair? If you just want the pair then you can use many exchanges which don't require KYC however keep in mind there is a limit to how much you can withdraw. With Binanace I think its 2 BTC per day or so. However keep in mind that the coins can't be tainted. So if you send some stolen coins to Binanace they can keep it under review while they investigate. If it turns out to be stolen then they will most likely confiscate it.

If you want to trade OTC with fiat you can't do it anonymous, you will need to submit KYC since you are going to involve banking and there are anti money laundering laws that need to be followed. OTC is generally very good if you got high volume and want to not trip any trades on the spot market which can show "interest" or "disinterest" in a specific coin which could alert the retail market of some whale either buying or selling a crypto coin which might make you get front run.

Use a website like this,
http://core.jochen-hoenicke.de/queue/#0,24h

Which basically tracks the mempool and you can see which "sat/byte" are being filled at the moment. The mempool was very high this week, it wasn't due to the halving because the retarget is only -5%, so its mostly just more active network.

A few hours ago the 3 sat/byte were getting filled and then all of a sudden the rates started to go up, so I am not sure if we will dip to the 1 sat/byte area which would be the cheapest to withdraw in. Basically unless it happens in the next 24 hours or so, the week days will keep making the fees higher due to more transaction. If so just wait until next Sunday and see if it goes to 1-2 sat/byte and withdraw then.

Well with a bitcoin casino its always going to be tough because you are promoting a niche type of site pretty much. Anyone can promote a regular mainstream casino where all you need is a credit card to play and earn revenue however for bitcoin you need to find only the crypto audience.

You can't just spend a bunch of money advertising on facebook because your audience won't be geared towards crypto. They will visit the site, get confused what "Bitcoin" is and just close the site.

Hence you need to do your research and find the most efficive method. Many people opened up "crypto casino review sites" and try and get them popular. If they get some organic high search engine google listings then they might get traffic and get high quality revenue that way. However even those are saturated these days.

Haven't you heard? The halving happened over a week ago pretty much. And buying bitcoin into the halving event wouldn't of done you any good because right prior there was a huge dump to the $8K area, basically too many leveraged people opened up a position hoping for a pump into halving but the reverse happened.

And just because the supply is halved doesn't mean it will increase in price. Sure its basic economics but usually events like this are retail driven and there are huge whale games. So it might play out but it could take longer than a few days, maybe even until the end of 2020 or 2021. Too many people basically think they can outsmart the market and they usually end up getting liquidated. Hence why it dumped so fast to $8100 because too many people entered only when it broke $10K.

Well, its better than 0 kh/s so there is that. Basically you got a low end-mid end type of CPU and its not a high tech Ryzen and you won't get much more out of it. You won't make much, according to Whattomine you will generate about $0.13 a day and most likely all of that will go towards your electricity bill.

Honestly its not worth the hassle, most places won't even let you withdraw unless you got maybe $50 or so worth of BTC. So you will have to mine for a very long time before you can actually claim a profit.

Go to,
https://www.techpowerup.com/vgabios/

And find your bios and flash with that bios. Make sure to pick the correct memory. And only flash 1 GPU at a time. If you are getting the error 43 you need the ATI pixel patcher fix. Search the forum for it, its very common to get that error because the firmware you have on your GPU is not signed by AMD, its a security feature.

If you get issues with flashing then you will need to download the old DOS version of atiflash instead of atiwinflash and you shouldn't get an errors. Just download the win98 boot disk and put it on a USB flash drive.

If its not hashing then the fan shouldn't spin because there is no load and doesn't require it to spin. The RX series basically have a fan-off feature to reduce noise and prolong the life of the fans. Basically on idle, they are 90% offline pretty much. So its normal.

Most likely the GPU keeps crashing due to a DAG overflow and that's why it fails to hash at all, nothing he can do except just disable the GPU or buy an 8GB or switch to a different OS.

The older GPUs they always had fans that spun at a min speed of like 20% or so, but the new GPUs they usually don't spin at all on idle.

I will save you the hassle of investigating further and just say that there is nothing that you can mine on that laptop. You shouldn't ever even mine on a laptop due to a fire risk of the battery exploding.

Right now mining is very competitive and BTC even had a halving which makes it more competitive. The cheapest way to mine if you still want to is to get a desktop and buy a RX 470 8GB GPU for like $100 and mine ETH, you will make like $0.25 a day before electrical, after electrical probably nothing. So if you want to get involved in crypto just buy the coins directly as an investment. If it was that easy to mine with a $50 laptop, everybody would be doing it.

If you asked me before this pandemic I would say maybe 2021 at the very earliest, maybe 2022 if ever. However the way most markets are going these days, I would say its very possible in might happen in 2020.

The markets right now are very erratic. Gold is making new highs, the NASDAQ 100 is pretty much near its ATH, the SP500 and DOW30 still are pumping and moving higher and higher everyday while the weekly unemployment claims are still rising, and the cases are still constant and not declining. Businesses are losing money, some are going bankrupt, etc, etc. Why is everything going up? Makes no sense.

Hence if I wake up one day and see BTC make a 20% gain, then another 20% gain, then another and another, we should be at the ATH pretty much. So its not impossible and many people will need to buy assets like BTC due to the possible negative interest rates talk.

The RX 5700 hash at 50MH/s or so, it would net $0.80 before electrical costs. Just get an RX 470/480 8GB and get 30MH/s but the GPUs can be aquired second hand for like $100 USD. There are tons of people that are still liquidating their farms from 2018 and need to get rid of all this inventory.

One thing to keep in mind is that ETH sometime in the future will go POS, hence mining will not be possible anymore. I think the main launch was set for Summer 2002 however most likely it will get pushed back due to Covid19.

In my opinion, just buy some crypto and hodl the coins and save yourself the headaches from the crashing rigs.

This brings back memories to like 2016-2017 era where we all discussed this in the past. We all wanted solutions for quieter heat transfer so we could home mine in our bedroom but at the end of the discussion, the costs just weren't worth it. I think the water cooled method was a little cheaper and there was some guy who literally used a car radiator to water cool his rigs in his shack somewhere on his farm, and by "farm" I mean he was actually mining at his farm. I believe the video might be on youtube somewhere.

Water cooling might be a better solutions however there is still costs involved and the biggest issue is the bulk amount of space that is going to be required. I remember I had an Antminer C1 (or C3 forgot the name) and an Antminer S3. Basically they were similar however the C1 was very quiet due to the water cooling however it took up basically 3x times the amount of real estate pretty much.

Don't know how you can do any trading with a chart like that, its impossible to see the candles properly.  Regarding your analysis the decreasing volume doesn't always mean anything. Sometimes it means a reversal will come and sometimes it doesn't. Look at the daily and what happened when we engulfed the 8K area a few weeks back. People were saying that its going into resistance and volume is trending down and they shorted the $8K area and got wiped out pretty bad.

Right now as long as $8700 or so holds then I am pretty sure we might get a $10K retest and maybe break the $10.5K price which was the resistance made by the Xi pump and the high of Feb 2020 before all the coronavirus mess started which made all the markets around the world reverse into bear market territory. Right now its not the time to be bearish.