Latest posts of: adaseb

Quote from: arallmuus on May 04, 2020, 09:44:52 AM

Quote from: adaseb on May 04, 2020, 05:43:40 AM

Hence there would be punitive damages there alone which the other partys lawyer would argue.

Only if the other party would argue about that . Alot of people know that the original satoshidice was sold already, probably more than 1 time also there were tons of satoshidice script copy out there few years ago as well.

If someone comes to this site because they thought that this is the original satoshidice then they would know at first glance that this is definitely not the original site. Not that the site claimed that they are the real deal as well so I guess there is really nothing to worry about though

You know the site is not the original satoshidice because you are not new to the crypto world. I am talking about new adopters who see some bitcoin documentary, and decide to try out Satoshidice so they google it and, they might discover satoshidice.io and think it the same original site as before.

If you go to the root site satoshidice.com and scroll down, there is a copyright notice at the bottom. Since this is crypto, there is a chance that nothing will happen. However since the site is fairly new and not too late they are better off just changing the name to prevent any further headaches with the real satoshidice owners.

Yes the difficulty went up fast because the price quickly reversed. So basically the miners that shut down they started their rigs back up again, no surprise there.

And it will be interested what will happen after the halving. So basically its 6.5 days away and the difficulty retarget is 14 days, so if half the miners leave the network in about 7 days, it means that it will take another 7 days for the difficult to retarget down. So this retarget we might be in for up to 3 weeks or so. So hopefully you get all your transactions done and sent because the fees won't be pretty for the next 3-6 weeks or so, unless the price increases.

I don't know why people draw wedges like that and expect to make money. In my opinion they are pretty much useless under small timeframes, maybe on a daily or weekly chart they would serve a purpose but not on a 60M chart.

If he took the trade then he would be in a profit on the long but if he shorted that trendline he would be at a loss since BTC hit $9100 a few moments ago. I think the only resistant near term is the $9400 and then the mighty $10K which is obviously a psychological level.

You never know what the halving will bring. Basically there are tons of people out there who still got jobs, they are bored working from home and they look into trading stocks for the first time. Many brokerages had record number of new clients last quarter. There was tons of retail money that entered the market. They are basically have no idea what to buy so they buy everything basically buying oil etfs which tanked, shorting SP500 which had a quick recovery or buying airlines when Buffet was selling.

If they see that bitcoin is approaching a new ATH again, they will most likely jump in like last time and we can easily propel past the ATH. So anything is possible. Every market these days is erratic. Look at the negative oil futures prices. Look at the DOW30 having a record day when 30 million people unemployed.

Bitcoin going up 20% a day for the next 5 days to eventually break $20K is slim, but since the markets are crazy I wouldn't be surprised to see it happen.

Airdrops are almost never profitable anymore. Back in 2017-2018 it was very profitable to get in on airdrops due to the availablilty of ERC20 tokens. I remember everyday there were coins like Ethereum Dark, Ethereum Lite, Ethereum Bitcoin, Bitcoin Ethereum, Ethereum Doge, Ethereum Lite, etc released. For some reason these coins became very popular.

You simply posted your ETH address in the thread and 25% of the people actually sent you the airdropped coins. Eventually those tokens got listed on some exchanges and they were worth alot due to FOMO. I remember one airdrop was something like $3K or so at one time, unfortuantely I sold it way too early.

There was maybe 50 airdrops I signed up for and maybe 5 were very good the rest were a waste of time. These days I think I would get lucky to get even 1 airdrop that would pay off in the long run.

One thing I noticed with crypto gambling and bitcoin price is that whenever bitcoin is rallying, even though the price is higher and worth more than previously there are more and more people gambling. Their motive is that they are gambling because they are at a healthy profit with their bitcoin investment that they can take a risk.

On the other hand when we are in a bear market its the other way around. The price of bitcoin is less and there should be more volume but people are gambling less. Because their investment is yielding less and less money. So I guess this makes sense.

Overall bull markets are better for crypto gambling because when bitcoin goes higher and higher in price, the more attention and new adopters it attracts. And with a handful of adopters some of those will be crypto gamblers.

Hence its better for casinos and crypto for bitcoin to have healthy growth throughout the years and not negative bear markets which hurt many sectors.

Quote from: sdice on May 03, 2020, 06:52:16 AM

Quote from: adaseb on May 03, 2020, 06:36:02 AM

Weren't you suppose to discuss with your legal department about trademark issues with using the Satoshidice name? Satoshidice was pretty much the very first dice site ever created on Bitcoin network and it was very successful and sold for a huge sum back when Erik sold it. Its a piece of pioneer work in the bitcoin history.

Hence by reusing the name you are creating confusion because people might watch that Netflix bitcoin documentary which mentions Satoshidice, then go Google it and find your site and think its the same. I see some legal issues with this.

Yes we are thinking about that also. Once the site is stable in terms of user traffic, we might consider switching to another name, as changing name and domain would require additional fundings to be done.

You can't run a website under a trademarked name to build up a userbase and then in the future switch to a different name. Because a portion of your userbase would be based off the Satoshidice name alone. Hence there would be punitive damages there alone which the other partys lawyer would argue.

Domain names these days are VERY cheap it can't be one reason why you decide not to switch. Also all you need to change is pretty much the logo, leave everything else the same.

There was someone already that was confused a few posts above and said he assumed this was indeed the original Satosidice.

Quote from: Febo on May 03, 2020, 11:51:43 PM

The U.S. economy contracted at its fastest rate since the Great Recession.
GDP fell 4.8% in January to March, compared to the previous quarter.
Consumer spending fell sharply.

https://www.weforum.org/agenda/2020/04/the-u-s-economy-contracted-sharply-in-the-first-quarter-of-2020

But I dont understand why so much. USA went in lockdown only at end of March. Europe started around 10th March. USA was at least 10 days latter. How can GDP drop almost 5% when Jan and Feb were positive? How can be the 2020 predictions for USA around 5%? Q2 GDP drop will be catastrophic!!!

Well to prevent the Q2 GDP from being worse they need to open the economy first. Hence why they are slowly trying this now with different states. Most likely they will see if the curve stays flattens and if it does other states will follow. However if it fails and the open states get an exponential increase of cases then obviously everything will be locked down again.

The USA closed later because the planes were banned to and from China and trump assumed this would be enough. However I think the people who were travelling from Iran and Italy were the ones that brought it into areas such as Washington and New York and made a huge impact.

Things are looking very bad and hence why we need that vaccine as soon as possible.

The issue with living without a bank is how will you pay your bills and how will people pay you if they can't pay by bitcoin?

Whether you own or rent your home. How are you going to pay rent exactly? Sure you can find a landlord which will accept cash since they know it won't bounce like a cheque. However how will you pay your utility bills? You can't mail cash, you also can't pay all your utility bills at a store. So the only way would be to buy money orders and mail those instead of cheques. If you got like 3-4 different bills the costs will add up.

And how will people pay you for your services if you run a business. Most can pay by cash however you will lose alot of business if you don't accept credit cards/debit. To get those merchants you will need a bank account obviously.

Hence its issues like these that make it difficult to live without a bank account.

Quote from: awazieik on May 03, 2020, 05:11:30 PM

Quote from: Wysi on March 16, 2020, 08:51:15 AM

We never thought this corona will be so viral and disastrous and even I have mentioned in my previous posts downplaying the seriousness of Corona but now it has collapsed economy of many businesses except pharmacy business which have seen a spike as most of the stocks are out of stock but the restaurant and other daily operational business like tours and travel agency, malls, other event-based business, and meat shops are closed and going through massive loss.

How long will it last? What's the antidote for Corona?

Most business will have no choice but to innovate to provide services that are essential to man. I thought think that these Businesses will be closed for long. New Cultural and social habits will be introduced to reduce the spread of the virus significantly till the treatment is discovered. I believe there will be a disruption of businesses that will spring up in the POST CONVID

What is sad is that many people will not be able to cope with this new change.

Its easier for certain businesses but not all of them. Take hair dressors for example. How are they suppose to keep a distance between the hair they cut? They really can't. I heard that the virus can be transmitted thru the hair, so how can the barbers touch the hair to cut it without getting infected? Use gloves. Will make it very difficult in my opinion.

Other businesses such as auto dealers are not as bad. Basically just let people test drive the car alone, santize it after and before. And you can do the paper work and everything from online and home.

So its based on businesses like these that make a huge difference whether the economy will survive or not.

Quote from: FomR on May 03, 2020, 11:07:44 AM

Quote from: adaseb on May 03, 2020, 06:28:39 AM

Windows Remote Desktop and Teamviewer usually won't load if you got some system hang. For some reason the way the AMD drivers were programmed were that during some crashes, if you try and use the computer normally, all is well. However you can't mine on that GPU. If you try and do a reboot, it for some reason freezes then. You can't log into Teamviewer or Remote Desktop anymore. Hence on some crashes where 5 GPUs out of 6 were still mining, I just left it.

I've been mining since 2013 or so and never had these issues back in the litecoin GPU days of 2013-2014. Those older AMD 15.12 drivers were rock solid stable. Basically never crashed for 1 month, probably used 2x the power even. The issues I think started with Windows 10 for me. Also combined with the buggy AMD drivers released after 2017 wasn't a good combo. Especially their Wattman tool which I could never get to work correct.

Hence this keep this in mind. For some it works but for me it was a big headache to make it long distance.

Great tips for GPU miners there, im using Asics so will there be the same problem?

ASICs are pretty bullet proof and they require very little attention actually. You just need to make sure they are well ventilated so they don't over heat and you should be good to go.

Only maintaince I did on my ASICs were cleaning the fans with an air compressor once every 6 months and that was about it. Never had any issues with crashing or anything. Only issues might come up is if you try and undervolt or overclock the frequencies from the stock settings, you might get hardware errors but won't result in a complete crash, just won't be efficient with hardware errors.

Quote from: 031croat on May 03, 2020, 10:20:58 PM

Quote from: bluspirit on May 03, 2020, 09:18:01 PM

Quote from: 031croat on May 03, 2020, 08:49:34 PM

lol someone is stealing my hash rate. on two rigs gpu 1 have a same hash rate of 1mh/s
Either is claymore or windows.

I guess they are 4GB GPUs, if so read a few pages back

Yes, you are right. I see, 4gb cards are outdated.

You can try and set your -eres 1 and see if it makes a difference but the issue is that the GPU0 (basically the GPU in the main x16 pci 3.0 slot) loads more of the windows resources into the GDDR. Hence its on the brink of completely maxing out its capacity. Hence why your other GPUs are working.

If you have any GPUs that are >4GB then put those in the main GPU0 slot and each of your GPUs which are 4GB should still mine temporarily. However your time is limited, you can try Windows 7 or Linux and buy you more time.

However eventually you just gotta upgrade to the 8GB models to get around this.

Since you are accepting credit cards and allowing wire transfers withdraws how are you getting away with being KYC free? Usually when a casino has both the fiat and crypto options they need to KYC everybody due to the merchants requests to prevent fraud. This is actually what Pornhub casino did a few years back.

The way it is right now you will get issues with fraud. People will deposit with credit card, and then withdraw by crypto and a month later there will be a chargeback. Since you can't reverse the crypto withdraws, how will you plan to fight this type of fraud? Seems you would be better off just getting rid of the fiat deposits/withdraws and sticking to crypto only. Most gamblers will only deposit by crypto and most scammers will try and do a fiat deposit and crypto withdraw.

Unless $9400 was the local top, if we keep going higher and higher until the halving, say go to like $11K-$12K or so. Then on the day or after of the halving I won't be surprised if we have a huge dump on "sell the news".

Seems everybody these days, especially the people watching CNBC are all trying to buy BTC because they think that the price has to double due to the halving. Many don't understand exactly what is going on and just want to make money. So its possible we pump into halving, then after halving we dump, and maybe in a few months we go back up when the covid19 cases finally starts to decline.

He seems to be correct on many of his predictions. I remember back in late 2018 he said that he was waiting for the 200 WMA to hold and provide support which it did. And even though he said the same thing on the 200 WMA holding again in March 2020, it had a huge wick which ended up in me having to hold a huge losing position.

I saw that it touched the 200WMA and moved away from it, so I bought at maybe $100 more, I think the 200WMA was like $5700 and I bought $5800 or so. Then to my surprise the stock market started to crash and we started to head toward $5K then $4K and went to about $3.5K. Luckily I bought more at $4K and ended up with a decent average of $5K however it was very scary how fast it was going down that day. When the weekly candle finally closed on the 200WMA, it was pretty bullish so I kept the position open.

32MH/s is the limit however I never ran any of my GPUs at that speed because they required a reboot from time to time. If you are home all day its not an issue however they would eventually start to get hardware errors and either needed Claymore restarted or the entire OS.

Hence I just dialed down the clock a little and it was much stable and would mine for days without issues. You won't burn the card or anything. Mining uses less power than actual gaming. The worst is that you will just get a hang and it will be stuck until you manually restart the rig and configure the clocks again.

However 45MHs or so is just not possible with ETH, not even for 1 minute. 34MH/s I also dont think its possible to do long term, most likely it will run very unstable at that rate.

Quote from: Metroid on May 01, 2020, 12:07:28 PM

if you plan to do that with gpu's forget, asics on the other hand is setup and forget.

Yes he is correct. I had some remote ASICs and remote GPUs before in various locations and GPU mining rigs were a huge headache.

Almost everyday or every second day there was some crash. And 50% of the time I was able to do a reboot remotely and everything would hash fine, and 50% of the time, it just lost connection and nothing. Needed a hard reboot which wasn't possible. Had to drive there myself and fix it in person.

I think the most I got was maybe 5 days without issues however eventually some GPU would get hardware errors, next day it would stop mining and day after it would stop all together. And logging in remotely would work however when you do an soft reboot, it would hang most of the time.

Sure there was products which could do a hard reboot remotely but I never got into that because the prices of ETH started to crash and I just called it quits. ASICs on the other hard were mostly plug and play. Never had to login to them, just looked at the pool stats.

Don't know why you are surprised it might hit $10K, we were at $10K fairly recently in February which wasn't that long ago. And we were like $500 away from hiting $10K. So yes its possible we might hit $10K soon however whether we stay above $10K is a different story.

I think there is a large retail market presence in the stock markets and crypto markets. People are buying everything like crazy because they worry about inflation. However markets can be irrational for a long time. But you need to realise that it doesnt make sense for DOW30 to make a record day when people are unemployed, it just doesn't make sense.

Hence just like in that "Big Short" movie, they were short however the markets still kept going up. The market stayed irrational for a long time before it finally popped. So this time the same thing can happen. I highly doubt that we will be in a V shaped recovery.