you guys just jelly that i am taking advantage of this range day trading scooping up more btc with each wave.  I am picking up btc every fucking week time after time. and I did buy more with three dips 12x then I did with the dca 10x the dca takes all pressures away. and allows you the ability to always accumulate coin each and every week. my dips buys were 15.7 ,15.9 ,16.2 and I do more coin accumulatation via mining coins than buying coins. I did dip buys of gear and dca of gear since sept 15. I added 9 miners 4 via dip buy 5 via dca buy I plan to add more gear this year. frankly fiat price of the gear so far was way more than 22x fiat units of btc. over 10 fold units fiat were spent on the gear as compared to buying btc outright. |
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I dont disagree with Schiff underlining there are real losses to working wages, the Dollar lost alot of value compared to its prior peak values. Its no longer usable as a saving instrument for most people, the largest entities on the planet still trade Dollar debt because of primary dealer advantages its an uneven game (china tried to illicitly double up their seats to access to that kind of buying) and the smallest players lose the most such as the common workers.
The whole deal would have fallen over had it not been for technology making up some of the losses to large government + this over subsidy to finance generally die to the banks servicing of that large debt. Theres no way Schiff is right on everything or anyone else, but its quite obvious we dont have a proper capitalist system anymore and he serves a purpose making that clear to more people then otherwise might notice I guess.
'
I like twitter for its brevity just as a news feed of stories, avoid comments on that site could be best unless you really find anyone you like. 12th Jan is CPI data and if it disappoints could upset this YTD recovery we've had small as it is.
We have robber barons crushing out the middle class everywhere they can do it. Lots of ways to do it. iPhone = investment killer cost for a family of four 5k a year to buy and run them . many middle class families do this. last poll on what is more important pc or cell phone. vote was 70% cell phone. most people do not understand the cost to them. just get an iphone free with verizon or at+t that free phone costs close to 1200 with the contract. family of four 4800 a year. so many replace the phones every new model. tag on an internet and cable deal for the home and you are pushing 6-7k a year. all kind of needed to keep up 🆙. I go for 1200 a year as i have three cellphones for mining. wife has a cell phone so four phones and i buy replacements every two-three years. cost 400 a year. so 1600 for phones which earn mining profits. higher than 1600. so my phones and my pcs and my mining gear turn profit. I would think many people cant say that. |
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Was talking with a friend over dinner the other day and he thinks there are going to be a few big difficulty jumps up early in the year followed by a long period of flat.
His logic more or less is that with all the bad news coming out of the industry money people will be less willing to invest so large new mining farms are not going to come online but those that are surviving will keep going. Some will drop off, their gear will be sold and keep mining. Even places will secured funding are going to be more hesitant to buy since intersect rates are up and that is going to make them not want to spend.
Small individuals will keep mining some will get more efficient gear others will leave but in the end that is not going to matter much.
But what he thinks is going to be the biggest diff movers is power. A lot of places that got cheap rates in 2020 / 2021 for 2 and 3 year contracts are going to be coming to an end this year. will they be able to keep them or are they going to get a penny or two per kwh that takes them from small profit to small loss. And they just pack it in.
The company he works for is looking at that issue now. They had an OK but not great rate for power at their manufacturing plant and it's going up just a bit. But as the owner of the company said to him, that bit is going to be close to $3k a week during the summer when the chillers are running all day. Less in the winter but it's still probably going to cost them close to an extra $70k to $100k in power this year. Which considering their overall cost is not much. But it means that they are not getting that new machine they wanted.
Miners are going to be in the same hurt unless they planned for it.
-Dave
Well a strong diff move upwards and a few days later a 7% price rise. |
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I have an extra psu so I should be good. |
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CGMiner Configuration
More Options _____________________
so where do I find what options can be put here?
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DCA works fine during a bear market. but when the bull market starts its way better to just go all in or like half now half at a better price if given the opportunity.
Well one can argue when to do DCA if the market is going up up and away. Right now the Market is all about a sideways motion. That calls for DCA. If you wait for buy low sell high it does not work if the low has happened a few moths ago. I started DCA on NOV 4 Friday the 2022 x fiat for 10 weeks = 10x I also did some buys at 15.7 and 15.9 and 16.2 4x each and 1 more buy at 16.55 4x. this means I grabbed 16x on dips and 10x on DCA. I do have dips set for 15.5 and 14.9 All of the above has nothing to do with my mining which is a grind for me and my 3 partners. |
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So we will get into that 5-6-7 cent range almost always when this happens hash drops a bit.
As these are the break even numbers.
we almost never drop to 4-5-6 cent range for a diff drop trend to happen.
Of course a simple price rise to 25k fixes a lot of issues for miners.
I am also starting to expect a similar scenario, where the difficulty will be moving in a narrow range just like the price does for a good while, I think there is a good amount of idle hashrate that's ready to go on with a click of a button, many gears probably run underclocked after a diff spike, and then back stock/overclock right after a drop. So something like 3-7% up in difficulty > switch to underclock / power off, causes difficulty drop which leads to > go back to stock/overclock or power on, rinse and repeat, in fact, this has been happening for the last 6 epochs starting from the 23rd of November the difficulty change has been + - + - + - and now are about to print a +, which means we are very likely to print a - for the following epoch, rinse and repeat until a new equilibrium is made. Yep lets argue you have 100000 s19 pro they do 3kwatts and 100th or 2kwatts and 82th flip flop in a few minutes when needed will be the norm. So you are burning 300000 kwatts a hour and 10eh or 200000 kwatts an hour and 8.2 eh now the move above would be a 300mw mining farm and I am not sure if one does exist at that size. All gear in one plant site. Maybe two 150,000 sq foot buildings with liquid cooling could do the trick. let me think that over. say a 5 by 3 basin stacked 4 high does 32 s19's that is 15 square ft so 10 stacks of them is 150 square ft and 320 units. 1000 stacks of them is 15000 square ft and 32000 units so yeah only one 45000 foot building with 3000 stacks of liquid cooling bins would do 96000 s19's that would be a sight to see. Hopefully the liquid would be not flammable  |
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@ JJG you tell him. @ everyone else be like JJG just DCA. I got 10 weeks in a row going for 11 next Friday. The more I DCA the easier it is to do.  |
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https://www.bitrawr.com/difficulty-estimatorLatest Block: 771013 (21 minutes ago) Current Pace: 111.1832% (902 / 811.27 expected, 90.73 ahead)Previous Difficulty: 35364065900457.12 Current Difficulty: 34093570325203.84 Next Difficulty: between 36757031569329 and 38064133177644 Next Difficulty Change: between +7.8122% and +11.6461% Previous Retarget: last Monday at 10:49 PM (-3.5926%) Next Retarget (earliest): January 15, 2023 at 1:01 PM (in 6d 22h 59m 29s) Next Retarget (latest): January 15, 2023 at 11:20 PM (in 7d 9h 18m 39s) Projected Epoch Length: between 12d 14h 12m 13s and 13d 0h 31m 23s Copy stats to clipboard very strong move upwards 36.95T is our all-time high looks like it is about to fall. at the moment we are about 6.3 cents a th pre power if we jump 10% and we are on track to do it. earnings will drop to 5.6 or 5.7 cents a th So a 100 th s19 will do $5.60 to $5.70 a day pre power. say 75 kwatts a day 12 cents = $9.00 Loser 11 cents = $8.25 Loser 10 cents = $7.50 Loser 9 cents = $6.75 Loser 8 cents = $6.00 Loser 7 cents = $5.25 Loser 6 cents = $4.50 small profit if no debt and building is owned not rented 5 cents = $3.75 profit So we will get into that 5-6-7 cent range almost always when this happens hash drops a bit. As these are the break even numbers. we almost never drop to 4-5-6 cent range for a diff drop trend to happen. Of course a simple price rise to 25k fixes a lot of issues for miners. |
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"be like JJG just DCA"
He doesn't have to do DCA until he does not understand what he is doing and what Bitcoin is. He should learn more about Bitcoin before he invests. Otherwise, he will blame his friend for even short-term loss. so he has to “not understand what he is doing” in order to do DCA. which is exactly why you should do DCA. Understanding the why of it is not necessary at all. If he can commit to 66 better yet 99 weekly fiat dca buys of Btc that he can afford to lose he need not understand the why of it. Now most investors cant do the simplest thing there is to do DCA weekly for a year or two or three or four. It is how wealth is formed. Most investors pick too much to use for DCA and do not stick to it come hell or high water. I can frankly tell you I am guilty of an inability of proper DCA of btc. But for the last ten fridays I did x dollars at coinbase so I made 10 straight DCA buys. I would love to see just how many I can do. so I picked a very reasonable weekly fiat number that I should be able to do for all of 2023 and all of 2024. DCA investing is a basic plan that everyone in the world that does any investing should try to do one good long DCA. Maybe four years is a good goal. I did one long dca move with one item in my life (doge) I simply saved every doge I mined from 2018 to 2021. That is not the dca move. I matched what I mined during that time. My return was really good. yeah it is a different coin but had I done the same with btc for 2012 to 2015 I would be exceedingly rich. I learned the hard way DCA is the way to go. You do not need to understand this at all. Just Believe in JJG and DCA what you can afford to lose. |
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My Best friend always ask me why you invest your money in Bitcoin??
I reply Bitcoin is a high profitable currency for all of holders. I told him about history of Bitcoin. After listening history of Bitcoin he have interest more then me.
After he became interested in Bitcoin through your explanation, did he immediately invest in Bitcoin or did he still have other thoughts through different questions? Because you also need to tell him about people who are losing because they can't wait for the best price in Bitcoin so you won't be blamed for this later. Because not a few people blame other people or people who give advice when they experience losses through the investment that you suggest. So this is part of the risk and you also need to explain it to him before he starts his investment in Bitcoin within this year. He needs to spread the word: "be like JJG just DCA" then add only spend what you can afford to lose. Heck I will be 66 this month and I am doing a Friday dca started it on Fri the 4 of November 2022. it is never to late to start a DCA |
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...
Never met him I was a private and he was a Colonel.
....
Yikes!! Probably a good thing you never met him then... ....
I have a buddy that broke his dads pool table banging a one night stand.
Or so he said.... Haven’t thought of that story in a real long time. Maybe 46-50 years since I heard it. I could pm him on facebook and ask if it was true. Not sure if its a very good idea to do so.😉 I think I will let broken tables lie. |
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...
This algo sends all miners on 3002 to Piggy Back and Mine with that specific miner to ultimately try and punch through the next bitcoin block. Lets say someone releases a part of that code and ends in the hands of one or more of the top 10 mining companies that solve the vast majority of bitcoin blocks. Someone whoever leaked that just gave them more ways to deny smaller pools their share of bitcoin block rewards.
...
OK, so you are running a scam. Bitcoin mining is a random event, you can't predict random events. Try reading. Algo can in fact take historic data from a pools submitted shares and to its best of ability to predict what miner will in fact be the strongest in that round. READ before you post. I knew you would be one of the first here throwing shade. ... No it cant. You are lying. It's a scam. Block finding is a random event. Too bad that kitkatz and sledge0001 had a falling out. We lost a small pool last month as a block was stolen from it. Since I did a lot of background talks and pm's with sledge0001 and a little with kitkatz on a discord channel I was hoping to get on the pool with them. They had a fight / argument and split up. I will say one thing if KitKatz has a method to non randomize btc mining that works the whole game will change. For now at this moment I do not know of a way to do that. So I will watch and see how this works out. My guess is not very positive. At kano I tend to think you are pretty much correct that the op can not do what they say they can. |
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What is the probability you grow some nuts and buy some now that it's low again?
hey op listen to this guy. and here is some advice be like JJG and DCA. I am on my tenth week of DCA. every Friday I buy x in usd of BTC. pick your x and buy x 10 weeks in a row. then decide if you will do it for another 10 weeks. This is a huge work out to test your ability to display zero emotion trading for 10 weeks minimum. Ideally you do this for the next fifty weeks. x could be 50 usd worth that would be 2500 x could be 20 usd worth that would be 1000 x could be 100 usd worth that would be 5000 the amount should be what you can afford to lose not more. if you cant do this it likely means you will always trade emotionally which = high risk. good luck what ever you do. btw I am hoping to do a 200 or 222 week dca. so far I am on week 10. Oh legal bs if you do what I say and lose money do not say it is my fault you followed my advice. I do not force you to buy sell or hodl and my advice is essentially worth zero as it can be right or wrong or neutral. |
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Interesting...I can think of other uses... (oh jeezus... I'm watching too much porn...)
Hah, I wanted one to use as a bed like in a movie I saw as a kid when I was young, think is was a Rutger Hauer flick Bounty hunter or some such thing. I did bang a chick on her dads pool table when I was a kid and still have the scars on my knees, I don't recommend it. *Left with her frantically trying to scrubbing off the smoogeI have a buddy that broke his dads pool table banging a one night stand. |
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.....
I haven't used my pool table since New Years party 2010 so be aware it may just end up taking space and gathering dust.
.....
Yeah, I have considered the fact that the novelty of having one's own pool table will wear off in a week or so. Then its back to the normal life of screen time swiping and scrolling... having had a ping pong table and two brothers to play against in my teens I can say it was a lot of fun to have round robin tournaments for say three years maybe four. Then life got in the way. |
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 I cant decide what to do with the new space above the new garage.... (thank you bitcoin) A studio to record really bad songs? (Jay and marcus would like that) An indoor grow room to produce badass, stinky, sticky-icky? (idk, I don't indulge and I currently have a surplus) Or something I just thought of tonight over a couple of beers... A billiards table to play billiards or snooker. (not that retarded American eight ball crap) I kid... I always play eight ball on a pool table. It's what everyone knows. Albeit, my late dear old dad taught me 3 ball billiards and snooker...the real deal, imo, when it comes to games on a pool billiard table. And now I'm waiting for my manic trolling Greek buddy to post a big, long flaming toxic diatribe of split up quotes and one line replies he thinks are clever, designed to bolster his " legend hero* in his own mind" status. (*apparently, he had to start a new account. I cant imagine why...) As he ages, he will come to realize how foolish his posts are. Or maybe not, who knows if it's permanent brain damage? GO BITCOIN  If it was me, definitely a music studio, in fact I'm considering converting the garage into one. There wouldn't be enough space above it unless I get a massive dormer I guess. Maybe it's possible. But what's a studio these days anyway. I guess it depends on what you play. A large desk with good speakers and a super keyboard is all I need. I have that now in one of the down stairs rooms but it feels a bit cramped. Think there would still be space for a pool table if I moved all this to the garage (or above with dormer). Snooker is ok but it's pretty hard I found when I attempted to play it for a while. Music setup, pool table, modern arcade machine, outlook onto the garden. I think it would be nice. maybe change the window to a romeo and juliet balcony . gives a nice garden view and allows for smoking herbs. |
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I eat lots of beef.
I altered my breakfast.
More beef or pork in the omelets.
Less eggs in the omelets.
More peppers, onions,stringbeans,broccoli,califower.
Same cheese.
I would use 8 jumbo eggs per omelette,I now use four.
I would eat omelette for breakfast and lunch.
It was and still is very low carb thus blood sugar and a1c are stable.
I eat very close to grain free diet.
I also do not eat corn syrup and sugar.
A very small amount of maple syrup. one or two times a week
A small amount of dark chocolate every day.
Walmart sells a decent 16 pack of angus beef 80 percent lean burgers.
I often use a patty in the omelette.
It is about three eggs or $1.50 worth of eggs .
I get a lot of grass feed brisket shipped to my home and slow cook it.
being a diet controlled diabetic is very expensive as you can not eat a ton of cheap food.
I have to limit carrots but I do daily walks and get a lot of sun.
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In 2022, the cryptocurrency market reached its lowest level due to the three coins Luna, Celcius, FTX. And it still exists in this state. 2022 was not a good year for Bitcoin.
Who said it was bad? I mean for many people 2022 was really great. I am talking about the ones who wanted an opportunity to buy the high valued coin. Bitcoins were at 69k usd, and many people wanted to buy it. Thanks to 2022, for which we witnessed Bitcoins at 16k usd, and many people bought the coin for such a low price. Now as Bitcoin follows a 4 year cycle, this year is expected to be big for the Bitcoins. Let’s not debate more and wait for the outcomes. Wishing us all the best for the future. Good point those that stayed on the sidelines from 2009 to last fall could have got in at near 15k I grabbed a small piece for 15.7k In November. |
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Not in 2023.
The USA Long Term Care industry is a big deal
close to 3.5 trillion in assets.
Unlike any other country USa makes you buy Long Term Care insurance if you want decent care.
Alzheimer and Dementia are big in the USA due to boomers (myself included) being conned into eating high carb diets for 1950 to 1990.
So with small bond interest the LONG TERM CARE industry was dying.
I know a lot about this since my bro-in-law has Dementia and will not get better.
But he has LTC policy. So I checked them out on various rating companies.
I did this last Dec 2021. and they were rated 45% chance to go bust in 2022
I did further research and found all the companies 14 of them with 3 trillion in assets had bad ratings.
Why? they make bank in the bond market and the bond market sucked in dec 2021
well guess what. these companies rated 40 to 50 % shot to go broke in 2022 gained 500 billion due to bond rates rising.
they are now rated 30 to 40% to go broke in 2023....
My guess is at least 2023 with rates going up then flat. will add 250 to 300 million to these companies. and maybe we see a slump in 2024.
2023 interest up inflation persists.
maybe light at tunnels end in 2024.
be like JJG just DCA!
@ franky1 you must have laughed out loud at this op title. "deflation in 2023 !"
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