Only 8 months remain until the US Presidential Election. The mercurial Donald Trump seeks re-election, while Bernie Sanders and the Democrats are looking to topple the Republicans off their perch. Who will win the election and assume the American presidency in November? Predict and win BTC!  I predict that the overall prize pool will be huge this coming election. The last one in 2016 was very active and back then Bitcoin wasn't as big as it is today. I actually had a buddy call me up and asked me if it was possible to bet the political election and wanted to learn how. People are more interested in betting on the election rather than sports even like the Superbowl. Even sites like FTX have started to future contracts on the election results and some people will probably privately be taking bets on the results. The USA election is probably the only one on the entire planet that gets this much publicity all over the world and many people who are betting probably aren't even citizens or living in USA. |
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Hello bitcoin forum! Haven't posted here in a while... I have recently bought my "new" gaming PC. Parts are used so, it's not new, but it's new and beefy for me.
MOB: MSI Z77-G55A
RAM: 8GB DDR3 Patriot
CPU: i5 2500K
GPU: RX580 8GB (Sapphire Nitro+, samsung)
SSD: Patriot 250GB
PSU: beQuiet! Dark Power Pro 10
Parts costed me ~400$ total. Since I was caught in some deep shit with drugs, lost my gaming and mining PC to it, I was finally able to overcome that and I'm making a slow but steady comeback. I figured I could mine and trade a little bit until I make back 100$ which is how much my GPU costed me, and I'm planning to buy another one, and make a Gaming + Mining PC all-in-one. I mostly just write code on my PC, and my GPU has been mining for about 2 weeks now and I'm happy with its performance. This specific model runs pretty cold for an AMD polaris card (or is it polaris, I'm kind of losing track with all these GPU releases in the past couple of years...) I'm mining ethereum solo with good ol' claymores software through nicehash, where I also trade other crypto, make 1000-2000 satoshi here and there mostly for fun, but who knows  Only thing I can't seem to figure out is the most optimal clocks for mining. I know I can't use furmark, ashes of the benchmark or other GPU stressers because gaming and mining are not the same. I'm getting around 6-7 rejected shares / 24h and I'm not sure whether this is OK. My current mining mode OC is: MEM: 2100MHz @ 850mV CORE: 1108MHz @ 850mV Mode is also changed to compute in adrenaline. No bios mods have been done. Guy who sold me the GPU was also using it for mining and he took good care of this puppy. I have figured that increasing only memory clock doesn't doo much unless I bump core clock a little bit too. My default mV for memory is 950 which I use to play games with, and I used this mV to mine until today, I have lowered it to 850mV and it feels the same (but 95w to 77w baby, that's money right there!) How do I know if things get unstable? My previous 6x 1050ti rig would just completely freeze the OS. Their memory clock would easily bump to max because nVidia, so I only had to tweak core clock to find a sweet spot... But with this card I don't get no crashes / bsods, rejected shares ~6/24h with any voltages and clocks I've tried so far, I'm not sure how I can fine tune this to the max. Also, one last question, this asshole sold me his "modular" psu with only mobo, cpu, and 2 peripheral cables. So I had to buy some shitty sata > 6pin and 8pin pci-e to hack my way into making my GPU run. Anyone has any idea where I could buy cables for my PSU (don't wanna pay 100$ for cablemod when I could get a brand new PSU for that money). I don't want to resell this PSU to anyone in this state (and I'm planning on replacing it in the future), and it's a pretty quality PSU so if I could get the missing cables for cheap that'd be a BOMB. Thanks for reading, share your thoughts and opinions, everything is welcome! Have a nice day! How much is your power bill? If its around the industry average of 10c per kwh then it will take you a very long time to make that $100. Basically with 10 cent power they net like $0.20 per day so you are looking at 500 days. And most likely in the future the difficulty will go up and it will take longer. You didn't state your speed but if you are getting around 30MH/s then its pretty optimized. Since you only got 1 GPU in your rig your power consumption will be around 150 Watts from the wall because you got a motherboard, cpu, ram, hard drive to power. Hence you are better off putting 4-5 more GPUs in that rig to bring down the power consumption to like 120 Watts per GPU. Regarding the cables. You best bet is something like aliexpress but right now you can't exactly order things from China. Another method is just to buy the cables, crimp tool, pins, and connectors and just build them yourself. Most expensive thing would be the crimp tool. You can also see if they have any cheap modular cables on aliexpress, probably much cheaper than cablemod. |
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I wonder how crazy the crypto betting will be in 2020 for the next president. Most of you guys weren't around in 2016 when Trump was elected but there were many sites and many people taking even private bets for the next president. Basically the odds were in Hillarys favour however in the last day or so the outcome have started to turn. And the people who bet on Trump all won big. Keep in mind this was in Nov 2016 when BTC was like $600 or so.
Now after we had all that FOMO in 2017 and with the halving coming up. I am predicting that the amount of volume going into the pot for the next president will most likely be in the 9 figures with crypto related currencies. Should be an interesting time.
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Rich people usually can afford stuff like that. When you have 20-50 million to put on bitmex and try to profit from it, you will have a bigger chance of a success compared to a person who puts up 20-50 dollars in total. The amount of money that is required to move the whole market up or down is a lot but when you have that type of money you can wager on bitcoin to go up and actually take it up yourself as well all leading up to you making a lot more money.
All in all being a whale helps you trade even in bitcoin world and it has always been a great deal in stock markets, look at Warren Buffet, whatever that dude buys goes up because he is both famous and rich enough to buy a ton of it to make it go up just from buying.
Yes but keep in mind that the whales that make these 20-50 million dollar bids/asks they always have a risk incase some other whale takes that trade for them. There were times in the past when some whale was spoofing and he got caught on the other side of the market when some other whale just as large just took his bid or offer because he wanted to take profit. Then what does he do? Warren Buffet might be rich but the stock doesn't go up just because he buys it. Most of the stocks he hold he held for many many years and even if he was a buyer he wouldn't be doing a market buy. He just holds many of his positions due to dividends and because the stock value will result in more money than keeping cash in a savings account. I don't think Warren Buffet is someone who pumps and dumps stocks. |
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It seems pretty risky solo mining LTC on an L3+. From what I recall the hashrate is what? 500 MH/s on those? By quick calculation thats like 625 days to find a single block. And keep in mind that many L3 are offline due to unprofitability and the difficulty now is 6M but it was 16M very recently. Hence if the price of LTC goes up in the near future then the difficulty can triple and 625 days becomes 1875 days. Most likely you will never hit a block...ever.
Looking at your best shares it looks like you should of hit a block on each miner however since it doesn't show up on the pool then most likely the multiple is off. Maybe its off by 10 or 100 factor. Because what are the chances of hitting a block already that should of taken almost 2 years? How long were you running them?
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Now considering that fact, I didn't see that many tutorials neither, I mean I know all the games myself and that is why I didn't need any but never put myself in the shoes of people who would basically go in completely blind as well. Maybe you should consider like a "tutorial" button or maybe "learn how to" type of button, it could be very very tiny somewhere on the page of that game and it would basically show on the website with clicks and buttons on what does exactly what and that would help these people out.
On the other hand I am not entirely sure if people who are willing to gamble all that much money to casinos have zero idea about gambling, sure there could be some but I doubt there are many of them, probably just a very few.
Most gamblers know very well how to play certain games and don't really need any tutorials. How often does someone go to a physical casino, take out a $100 bill and go to a Blackjack table and just guess how to play the game? Almost never. They probably won't even want to risk betting $1 if they didn't know what they were doing. Hence this is the reason why many of the traffic to casinos usually just plays slots since its pretty much automatic as soon as you pull the lever. Either money comes out meaning you've won or nothing happens which means you lost. I think if tutorials or animations on how to play were required then most websites would have them. Even a simple link to some private Youtube videos would help. However its not really an issue so most sites don't post animated tutorials like that. The only sites in my opinion that need tutorials are those weird crypto games where you have no idea how they work since its a new and up and coming crypto gambling site and you can't figure it out even on demo that you just close the window and move on to the next site. I remember there was a site like this and all I remember is that it had 2 dice and had no idea how to play it exactly and after 30 seconds just left and haven't returned. |
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-snip
That what makes this faucet/gambling site good or better than others, so members have 3 ways to generate passive income. But there are many people that can't even understand passive income maybe they never will. its easy to understand the word passive income but you can explain more deeply to them about the sites benefits , in that way you can be more believable . freebit is indeed better than a regular faucet as its have many features however there are still people that are lazy enough to claim on faucets and also not have a balance to invest on the site . that is only thier reason on why its hard to invite active people on here , whales are also hard to invite because they wont hardly listen to small people like us People simply think that "passive income" is just income you get for doing nothing at all. That is not how it works at all, you have to work for it at the start but you do not have to keep working for it to come. Just to give an example, freebitcoin affiliate income. If you invite a lot of people to freebitcoin and work hard to have a lot of affiliates, that is hard work, it is not passive at all and you spend hours and days and weeks to get those people and even spend a decent chunk of money as well yet the passive part comes later, after you did those things you just simply have affiliates who will do stuff that will make you money while you are doing nothing and even asleep. That is what passive income is, not simply just getting free money by doing nothing. Gaining refs is more like "delayed" income. It takes some time to build up your stream of income. Think it like a buffer zone. Your first batch of referrals make you mostly nothing or very small amounts. In time it builds up and up and up and after some time when they get big enough, you just live off your referrals. You'll have to get back to work when your spaceship's fuel tank gets empty. One issue with referrals is that you need to quickly become an affiliate of the site and promote it from the start because as the site becomes older and more well known then most people will already have an account with it and basically your promotion does nothing. This is actually the issue that most people have with Bitmex which is the largest bitcoin derivatives exchange and has been for a while. People keep posting their ref links and they have trouble finding traders. So many of the seasoned traders have started to switch to other "newer" bitcoin derivative exchanges like Deribit, Bybit, or FTX and they've been more succesful. With casino gambling sites its more or less the same. If you are late in the game you will have a harder battle to get referrals. Another good time to get referrals is during a bitcoin FOMO rally like we had in 2017, basically tons of new people were introduced to crypto gambling and if you did enough promotions you would get a slice of those profits since many retail people usually signup for the first gambling site that they read about. |
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Anyone have experience with Quanta Lottery ?
I heard about it and its some high tech style of lottery that is powered by the Ethereum blockchain to prove fairness and all however I still don't think it will be successful. The reason why is because due to low house edge dice there doesn't seem to be a point to crypto lotteries. Like I said a few posts back. Why buy lottery tickets when you can just make a very low odds bet on a dice site and get the same outcome much quicker, less house edge and also provably fair. In my opinion most gamblers who play at a casino they never play the lottery and most lottery players never gamble at a casino. Most people I know that play the lottery are usually some older senior type of person. While most people I know personally that gamble online or at a casino is someone middle aged. I know this isn't an accurate representation but its something that I observed. Since most people who crypto gamble aren't seniors then most likely they won't see a need for a crypto blockchain lottery. |
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Aren't all of the eth ASICs going ti stop working soon? Might get a nice bump in profit anyway. As far as I know there are only 2 ETH ASICs out there. One is by Bitmain called the Antminer E3 which has only 4GB of memory and the other one is called the Innosilicon A10 which hashes at 500MH/s and from my research it doesn't state how much memory that ASIC has. Couldn't find any disassembly videos or anything. Going on the official website the min order quantity is like 50 and price is $2800 each so need around $140,000 to be able to get one of their miners. Most likely no retail end users are using those miners mostly just farms. However since the miner is newer I am assuming they included more than 4GB of memory because it wouldn't make sense to release it with any less. |
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Don't know if any of you guys trade on Bitmex, but apparently there was a spoofer who kept placing these 20M-50M orders from time to time leading up to the peak in February.
Basically it was so apparent it was a spoof and most people assumed that since it was a large bid, he had a larger offer somewhere and the market would tank, however the complete opposite happened and we kept going up and up. Many people tried to countertrade him and ended up with huge losses.
I think he found a way to trick some algos because whenever the large bid appeared in a bull trend, almost immediately price would spike up $5-$10 or so. So far haven't seem him back yet.
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Plus your reasoning
Sold 1/6th of my bitcoin a few days ago at about 8800usd - because i believe
- Corona just has started in EU and USA, it will become like Italy / China (more and more cases, quarantines..)
- Meaning bad news at least for the next month
But i already feel fomo again.
Cause i think gold and bitcoin will be a good call in recession.
And i believe in recession and more money printing.
I have all my fiat now in buy orders from: 8400usd - 7500 usd
I want to be all in before btc goes over 10k usd
I speculate there will be at least one big drop in stock market and take crypto down a step with it.
Your orders between $7500-$8400 might hit however there is no real proof that BTC will be a good call in a recession and there is also no real proof that a recession is going to start due to this CoronaVirus. The reason why the markets took a huge dump last week was because everybody knew earnings seasons would disappoint and when earnings are lower than projected then stock prices fall, hence the sell-off. This was a given however since most goods are made in China and they haven't been working for the last month or so. However I highly doubt that Coronavirus will lead to a recession, most likely in a few months it will either get contained or there will be some vaccine produced for it. Currently last I heard they are doing some trials on a vaccine. |
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I think the reason why it wasn't given much interest was because there was no profitable coin to mine using that algorithm. Basically the hype was on when word was out that ETH would fork to ProgPOW and they did nothing 2 years ago. So thats why there was no comments or submissions to your site.
Now that its a given that ProgPOW is going live with ETH then the topic should be more active. My advice is maybe wait for the testnet to launch with the ProgPOW algo and then bring the site back up so you don't waste your time and money if it gets cancelled or delayed again knowing the ETH devs.
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The progpow implementation will not happen if everyone does not show their suport.#progpow.
From what I read it is going to happen even if people voice their opinions, the devs said that they will not reconsider it. There for some reason is alot of backlash against ProgPOW and not only from ASIC owners but mostly from the hodl'er of ETH. They are very angry and voice their opinions in the Ethereum reddit and they are surprised that ProgPOW is going to pass. The main consensus against them is that ETH 2.0 is very close and there is no need. However we all know how the ETH devs keep delaying PoS and most likely this is the nail on the coffin that PoS is still very far away. Basically people were saying it was going to launch in Q1 2020 and I just don't see it happening that soon. Lets wait for the testnet version of ProgPOW and that will be full confirmation that it will go live. |
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When I heard that ETH was going ProgPOW I actually tried accessing the site only to find it was closed down.
Anyone know what hashrates the
R9 270X
R9 280X
R9 290
GPUs might get for ProgPOW. Got a bunch of these and wondering where to sell or keep. I think the only other source for benchmark is the Bitcoin Interest thread which uses the ProgPOW algo and some might post their hashrates there.
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Yes it is trading pretty much at the price it was trading at since it launched back in 2016. Now compare this to ETH. ETH launched and it was maybe like $1-2 or so and now its at $250 or so.
LSK is another great example. When it launched it was suppose to be a ETH killer and it opened at like $1-2 and now pretty much trades at the same range. My guess is that its most likely that ETH had better exchanges and promotions and media spotlight than WAVES and LSK.
Who knows. Maybe its a great time to buy both right now and maybe one day they will reach $100 a coin.
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The pros of learning them is that you'll increase your knowledge and be better equipped to be making trading decisions the downside is that you may lose money during the learning process.
We don't need to lose money went learning option trade, there has some demo trade on every broker. You can easily learn with demo account, if you don't really trust on the demo you should compare it with the real chart did the chart was getting manipulation or not. As long i know the demo account its the same chart with a real account chart. No you shouldn't do this, don't trade demo. Trade with a small account instead or trade pennies instead of trading with a demo account. Why? Because with demo, you have no emotion and attachement to the trades. You will trade without fear or greed and basically can easily turn a 100K demo into a million. Then you deposit your entire savings and end up blowing them. Why? Because the game changes when its real money on the line. So open a Bitmex account, fund it with like $10 and trade with $1 units, you will never go broke this way. |
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This isn't really that difficult to correlate. Just go to Tradingview and load a BTCUSD daily chart and click the + button to compare to some stock indicies like the Dow 30 or SP500. Plot both and what do you see?
Basically it looks like the 2 aren't correlated what so ever in the weekly charts. Basically one is trading sideways or they are both positively or negatively correlated. Now plot a 4H chart and what do you see? Around Feb 12th both had a local top, and BTC started to drop while DOW traded sideways until last week of Febraury when both of them just started tanking together.
My conclusion is that there is no correlation between the two.
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Seems a few of these Antminer E3 are showing up on eBay already. There are even many people bidding on them.
One of them is at $188 USD currently and claims to be able to mine "ETH/ETC" which seems like false advertising since they can't mine ETC anymore. The seller stated also "No returns or exchanges"
Another is at $1500 USD and claims to be new in the box. Anyone remember the retail price for these? Wasn't it like $800 USD when they were new? Pretty sure it will never sell.
Last one is at $278 USD and will probably go even higher as there are still over 1.5 days of auction left.
So assuming 30 days of mining left for ETH, it would make a profit of $100 assuming free electricity. With 10 cent power profit would be able half of that, $50.
The problem with eBay is that its more than likely that the buyers will just make a claim and send it back when they find out that it won't mine ETH anymore. This similar situation happened back in 2016 with the BTC halving.
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Any reason why you want it to be below 200 watts each? Since you are buying multiples its assuming you have more than 200 watts of power available? But why do you want each miner below 200 watts? Is it a noise concern.
Either way you can just buy an Antminer S2, and remove 8 of the 10 hashboards and you will mine at 200GH/s using 200 Watts. Or buy an Antminer S3 and only plug in power to one hashboard and mine at 225GH/s using 175 watts or so. The Antminer S5 ran at like 1200 Ghs and hashed at 555 Watts or so, so with that one running 1 board would use about 277 Watts and get 600 Ghs or so.
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By August if Corona virus is still disrupting China manufacturing, GPUs will be impossible to find as profitability soars for GPU mining[/li][/list]
I highly doubt that by August the CoronaVirus will be an issue, if it still will be an issue by then, then the entire planet is pretty much doomed since many goods are produced there and mining ETH will be the least of your concerns. Either way, there are tons of GPUs out there. Basically mining got very unprofitable at the end of 2018, so basically every GPU produced in 2019 and most of 2020 most likely wasn't bought for mining. So if profitability increases, people can just buy those GPUs second hand. There won't be any supply issues. Think of how many RX 570 are sitting collecting dust right now in basements. |
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