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5901  Economy / Speculation / Re: Bitcoin price is controlled not just manipulated but controlled on: October 20, 2019, 03:53:00 AM
I've been trying to find some pattern that these bots use and either trade with them or against them but its very difficult to catch. One thing I noticed was that during a start of a new daily candle there can be some pump or dump which happens almost in the first 10 minutes or so however this doesn't help because you don't know which way its going to go.

I tried to do research and find some pattern like it pumps when the previous daily candle close is bull or vice versa and still haven't really found a pattern.

There are also some bots which try and catch the funding rate on future exchanges like Bitmex if its very high. Say if the funding rate is > 0.10% per 8 hours then usually right after the funding there is a pump/dump however impossible to catch since the server is overloaded, need to use a different exchange. It works maybe 70% of the time.
5902  Economy / Speculation / Re: What do you guys think about the death cross ? on: October 19, 2019, 09:33:24 PM
The issues with these death crosses and moving averages is that they are lagging indicators. If you look at the charts for the previous crosses you would see that sometimes they work and sometimes they don't work. However if you only took an entry right when the cross took place you would have a horrible entry. Whether the death cross actually played out or not.

This is something to look at in the long term macro level but its not good to base trades off, especially if you are trying to day trade. You need to look at other fundamental factors. I think most people in crypto just look at horizontal lines and take their long term trades based off that.

Right now we are pretty much in a neutral area, if the $7700 support breaks then it could be the start of the bear market and I don't think the $6000 area will be enough support to bounce us back up. There are too many people who want to long off $6000 and most likely it won't hold.
5903  Alternate cryptocurrencies / Mining (Altcoins) / Re: MONERO adopts a new POW Algorithm to fight ASIC on: October 19, 2019, 06:53:08 AM
GPUs however are pretty much also almost decentralized equipment since they are sold by lots of manufactures at various prices, most affordable and they are available pretty much anywhere in the world.

I do agree that CPU is actually the best way to be completely decentralized and GPUs a close second. Also consider that there are many devices like tablets and mobile phones which also have CPUs and might be able to also apply to the "One CPU One Vote" which was discussed in the original Satoshi whitepaper for Bitcoin.

We will see how this algo does within the next few months, would be nice if it actually worked and didn't force XMR to fork every few months the algo.
5904  Alternate cryptocurrencies / Mining (Altcoins) / Re: Claymore's Dual Ethereum AMD+NVIDIA GPU Miner v15.0 (Windows/Linux) on: October 19, 2019, 06:48:02 AM
what's the actual best secundary coin to mine with ETH on claymore?

People don't dual mine anymore pretty much, even people with free electricity just no point anymore.

The dual mining was good before ASICs were created for all those dual-mineable coins like SIA, Decred, Pascal, etc. Since those algos were mostly GPU compute it was fairly easy to fabricate a highly efficient ASIC kind of like the Double SHA256 which is used by Bitcoin.

If you still want to try it, then go to
https://whattomine.com/

Click the ETH+ and put in your details, however don't get your hopes up. Pretty sure none of those are profitable.
5905  Alternate cryptocurrencies / Mining (Altcoins) / Re: Most effective way to prevent mining pools? on: October 19, 2019, 06:44:18 AM
The PoW mechanism used by major cryptocurrencies today, is known to become extremely centralized over time. This is attributed to the formation of mining pools which control most of the cryptocurrency's hashrate. If there was an efficient method to prevent this from happening, then PoW would've achieved a greater degree of decentralization over time. I've seen solutions like BetterHash and even Magi's M7M algorithm, but they're not perfect.

Which is why, I'm starting to wonder what is the most effective way to prevent mining pools? This I want to know, since I'm deeply interested in launching a cryptocurrency that takes decentralization in mind. Any recommendations or suggestions will be highly appreciated.

what about spreadcoin?
been a while since i looked at that old coin, but w.e they do works
as it dosent have pools, solo only, for YEARS, so it must be possible


Yes Spreadcoin, that sure brings back memories. As far as I remember it was very effective at preventing any mining pools.

Here is the official ANN,
https://bitcointalk.org/index.php?topic=715435.0

There is a whitepaper there which discuses the details on how it prevented pools from running. From what I can tell they needed some private key from coinbase transactions and it wasn't possible to use a pool.

Unfortunately it looks like the project might be dead according to the price,
https://coinmarketcap.com/currencies/spreadcoin/

5906  Alternate cryptocurrencies / Mining (Altcoins) / Re: MONERO adopts a new POW Algorithm to fight ASIC on: October 17, 2019, 04:02:49 AM
ETH Dev should learn something from Monero and do the same. Its been a few years already since the first ETH asics hit the market and there is no news of any potential algo switch. They did an audit and it came back in favor and we will see if they will actually take action. However from what I remember this was suppose to be implented in the last fork which is what the devs discussed at the beginning of the year.

Its too bad the overall daily miner revenue for XMR is low, would be a game changer otherwise. Either way I got some idle rigs and will switch over and see how long it stays profitable, should be interesting.

Regarding XMR, was it even ASICs which were dominating the network? I assumed it was just FGPA's. I don't think the ASICs had enough time to fabricate a new chip.?
5907  Economy / Gambling / Re: BattleHashes.Com | Multiplayer blockchain gambling | PvP | Referral program % on: October 16, 2019, 07:40:12 PM
How about you guys add a stablecoin like Tether? Right now the markets are pretty volatile and people would prefer to trade stablecoins instead of Crypto since we are at an important junction and nobody knows if a bear market is starting or ending.

OMNI Tether obviously isn't a good idea since it uses the bitcoin blockchain and the fees would be expensive and same with the confirmation time. However how about Tether on the ETH or the TRON network. The transaction on there are super fast and people can easily bet $1 here and there.

I don't know why there aren't more gambling sites which employ some type of stablecoin since many of them are very liquid on many exchanges.
5908  Bitcoin / Bitcoin Discussion / Re: Satoshi in Oxford English Dictionary on: October 16, 2019, 04:53:22 AM
I don't know exactly who Satoshi Nakamoto is or where he is from or even if he is alive but I think this is a huge accomplishment to get his name published in an actual dictionary, it's sort of the same magnitude as a nobel price pretty much.

Sure the money he has made is great but in decades time his name will still be in the dictionaries while other
Millionaire fortunes might be forgotten.

Wonder what criteria they use to list these words? Is it based on some search terms? Because pretty soon we might see the words Hodl or MtGox in the dictionary.
5909  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][$MUSIC] Musicoin Blockchain Upgrades to V3.0(“Quantitative Tightening 🎸 on: October 16, 2019, 04:35:00 AM
besides this, the dev tooks lots of coins from the blockchain, this is not so fare I think, that's why this coin is going to dye.

Initially the block reward was like 314 and all of it went straight to the miners. There was no premine or ICO and it's actually what might of killed this coin since they had no funds to work with.

The coin had potential and many professionals from the music industry but with little or no capital it couldn't survive. Another issue was that it didn't have any marketing. It has good development from time to time but the issues came after the fork which reduced the block reward to miners and by then the value was very low and nobody wanted to continue developement.

The final blow was the bittrex delisting due to the fork because they are US based and were worried about Musicoin being classified as a security.

5910  Alternate cryptocurrencies / Mining (Altcoins) / Re: Windows 10 x64 restart problem ? on: October 16, 2019, 04:26:45 AM
Is this a dedicated mining rig where you got like 6 GPUs and you got nothing plugged in except an Ethernet cable and a power cable? Basically completely headless setup with no monitor, keyboard and mouse? If so do what the guy suggested above because it's going to drive you nuts every time that you don't do a successful shutdown. That screen will pop up and it will freeze your rig and you won't know what is going on since you have no monitor attached.

If you don't want to disable it then at least learn the keyboard commands to bypass the start up repair by memory. I think you can do something like TAB Space Space Enter and it'll ignore it and load Windows, however you should just disable it because you will run into issues.

If it's a personal PC then you can just manually skip it, it happens whenever your GPUs crash and it tries to fix any errors if present. Usually if loads the default drives from a previous state.
5911  Economy / Gambling / Re: Primedice.com | Creators of Dicing 🎲 | 29 Billion Bets | 112+ BTC Jackpot! on: October 16, 2019, 04:21:16 AM
I wonder if anyone will ever hit out Jackpot Roll Eyes



So how is the jackpot funded exactly? Because it's a crazy large amount and it can make anyone super rich at the current BTC prices.

Does a percentage of each loss get contributed to the fund just like the Bitmex liquidation emergency fund which grew to epic numbers.

I think it's great to have this even if it not really possible to win essentially but imagine if you took 2 bets where you actually hit the jackpot numbers but you only bet like 1 Satoshi for each bet and it wouldn't count. I would regret it for the rest of my life.
5912  Economy / Gambling / Re: GambleRock.com - Online Gambling Forums - Official Thread on: October 15, 2019, 07:13:29 PM
I like that the forum is nice and clean and not full of ads however there seems to be very little inactivity. I think the forum could be big but it needs marketing and promotion.

You can start a signature campaign and promote your forum, this is very similiar to what Yobit is doing currently with their own Crypto forum and its pretty succesful at the moment.

If this is too expensive then you can run some type of promos. You can have contests and mini-challenges and the funds could be used to gamble at the websites listed in your database. You would be surprised how popular your site would get and you would get some organic traffic from Google since it would be more SEO since its more popular and more people would talk about it.

Good luck.
5913  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Do you think XRP will start to the moon? on: October 15, 2019, 06:45:48 PM
I am short term bullish for Ripple but I am not expecting to get a new all time high anytime soon. I was burnt so many times this year trying to catch falling knives for ripple and the last trade I took from the $0.25 area is still in profit and I will let it run.

I think the best case scenario is maybe $0.50 or so. The reason why is because there are too many bagholders of XRP. Especially the people who bought in 2017 or so. They will probably rush to get out and get the best price to lose the least amount of money.

This is similiar to what is happening with ETH. Bitcoin rallies easily but every time ETH rallies we get a nasty sell off. Seems that every pump gets shorted heavily and the reason is the bagholders who bought anywhere from the $500-$1000 area.
5914  Economy / Gambling / Re: 🔶 YOLOdice.com 🔶 BTC - LTC - ETH - DOGE | fast and fair dice on: October 15, 2019, 05:08:27 AM
Gambling is technically something that should make you lose money, that is the whole premise of gambling with house edge, house literally has an edge. So, when you get a "loan" or whatever you want to call it and gamble you are literally just losing money that you don't have, it makes no sense. Loans are suppose to be for something you need or something you think you can make more than the interest rate, a business man can get a loan and expand his business and make more money, which would make sense.

However, if you are going to just burn cash with a lighter than you wouldn't get a loan with it, gambling is about the same logic, the difference is gambling is fun, you should be doing it to have fun, if you feel sad or not entertained then you are just losing money which makes no sense.
Maybe there are people who get money from other people gamble with it and not pay it back. There was a dude in my language section who actually got money from a lot of people, dude convinced people that he figured out a way to make a profit if he had big enough bankroll and people really believed him because he actually made some profits for a long time, in gambling you can make a profit as long as you want but in the end it will always end up being a loss.

Now, he didn't "borrowed" money because those were investors and they took the risk but of course as you can imagine his strategy wasn't sustainable because of the house edge and he eventually lost it all and that is when the investors realized the only time you can make money investing into gambling is when you bankroll the house.

Yes this happens a lot and people keep falling for it. They basically pretend to find some method of getting some edge against a particular gambling site and they need some bankroll and they will get a percentage.

And what usually happens is that they bet with a strategy like martingale and they win for a while and everyone is happy. However eventually they will run into a huge loss and end up losing all the previous winnings plus everyone's bankroll.

And the guy doesn't really care because aside from time he never actually risked any money since it wasn't his to begin with. Basically makes no sense to invest in these scam strategies.
5915  Alternate cryptocurrencies / Mining (Altcoins) / Re: I have $214 in points must spend them at best buy or lose them. on: October 15, 2019, 05:01:52 AM
If you want to consider resell value then get the Nvidia. The AMD always have terrible resell value especially now that we are in a down trend.

Whenever you list a GPU on Craiglists if it's Nvidia it seems to find a buyer pretty quick however with AMD it always takes a while to find a buyer.

This is similar with the CPUs, the Intel processors always sell quickly while AMD on the other hand takes a while.

The worst of this bunch would be the RX 580 8Gb you can get them second hand for like $80 these days.
5916  Economy / Speculation / Re: Bitcoin's future prospects on: October 15, 2019, 04:57:45 AM
If bitcoin's price continues to rise, people will soon be unable to ignore it; it will be perceived as the 'gold standard' for currency.

your problem like many others is thinking that bitcoin is one thing: price

when the fact is that whether people ignore bitcoin or not has nothing to do with its price. price rises and falls only attracts one type of people and that is day traders who are interested in fiat not bitcoin and want to use bitcoin to earn fiat.
the funny thing is that the price drops attracts these people nearly the same as price rise does! because day traders make their profit either way.

This is true but it doesn't only attract day traders, there are many people that treat Bitcoin as a long term investment and the issue is that these types of people only seems to buy when the price is going up. And they generally sell when there is massive selling pressure and leads to huge price declines kind of what we saw in Nov 2018.

People assumed that $6000 would break and the lowest will be $5500 but in reality look how low it ended up going. So basically any long term investor that bought above +$10000 ended up with huge losses when they sold at around $3000.

This is why Bitcoin has very fast pumps and the dumps are usually more slow bleeding but eventually there is a capitaluaton event and it reverses.
5917  Bitcoin / Bitcoin Discussion / Re: Stop Inflation With Crypto? How? on: October 15, 2019, 02:21:17 AM
In Venuzuela the situation is different because there is hyper inflation there. In western countries the inflation is never that high.

The issue with selling fiat and buying Bitcoin is that bitcoins value might decrease more than the actual inflation and it wouldn't help most people in that situation.

Most people get wage increases for the inflation maybe and things might get a little more expensive by a percentage or 2, but if someone puts all their money in Bitcoin to hedge against inflation and ends up losing 50% of it due to a BTC crash then it won't help them.
5918  Economy / Gambling / Re: Primedice.com | Creators of Dicing 🎲 | 29 Billion Bets | 112+ BTC Jackpot! on: October 14, 2019, 04:27:11 AM
The reason why the faucet abuse went on for so long is due to the extremely cheap prices for solving captcha's. Most casinos assumed that Googles captcha is pretty difficult to cheat, especially when you need to select buses or street signs instead of just typing letters. What they didn't realize is that there are services where there are people who are paid like $1/hr to solve captcha's non stop. They use this service along with some API bot and take a bet on 99x and eventually they will reach the min withdraw and repeat the process.

I think PD was losing like 20BTC a day in the past due to the abuse as far as I can recall. Hence this strategy is more bullet proof.

In the world of technology nothing is secured be it ranking on google, or solving it’s captchas the casinos should have known better and installed better security systems in place. These news promos are actually good for the industry as it’ll draw out gamblers who really wish to gamble, and genuinely discuss about gambling.
How in the hell people agree to solve captchas for 1 dollar per hour? Like seriously? Is that a job? That is like 12-16 dollars a day at max for literally non-stop captcha solving, even in the worst of countries you can find something better if you have even a bit of English. Hell you can make more money by just having an account here and on primedice as well and keep writing on both places, that doesn't even require too much skill.

I would like to believe there is no one doing that kind of job for that much money, there are so many options available now thanks to crypto being so easy to find a job. I was thinking there were bots that automatically solve those kind of captchas and let faucet abusers steal money from primedice, didn't know it was all human.

It's mostly either some kids who had nothing better to do or some people living in 3rd world countries where it was
Actually considered a steady income.

Right now I am pretty sure the demand is down for captcha solvers but during the 2017 days there was tons of work. It actually was dependent on time of day and there were multiple services which held these Captcha solvers. These were primarily used to do faucet abuse on any gambling site that had a decent faucet which in 2017 was plenty and also there were coins like Raiblocks which had a "Proof of human" algo and had tons of abuse also from these Captcha solvers.

So like the above poster said, in many 3rd world countries it's very difficult so if someone can make like $1 USD and it takes a few hours to do so they probably will. Since standard of living there is much lower than places like USA and Europe.

Gambling sites are usually the easiest targets in this because they know they got tons of money and losing a few bucks a day is nothing to them but it adds up in the end.
5919  Economy / Speculation / Re: If Bitcoin Repeats History? TA Series On Descending Triangle Breakdowns on: October 14, 2019, 04:15:44 AM
Part 8 now added, full moon tonight folks. Will it play out with a reversal or big move deciding the next direction as has happened in previous months?
It'd hard to deny we have started to trade in a tight range, this is a neutral call, as it's difficult to define what a "reversal" implies given the current price context.

Part 8: Bitcoin's Full Moon Reversal 6 Month Pattern



Source: TradingView, October 13th 2019

Full moons in 2019

  • May 18 Flower Moon
  • Jun. 17 Strawberry Moon
  • Jul. 16 Buck Moon
  • Aug. 15 Sturgeon Moon
  • Sep. 14 Harvest Moon
  • Oct. 13 Hunter's Moon

Source: https://www.space.com/16830-full-moon-calendar.html


This is the first technical analysis I have seen that takes into account the full moons. And looking at the chart you posted it doesn't seem like it's any pattern at all just completely random.

The full moon actually reminds me of the old Byteball airdrops back in 2017, where every full moon there was an airdrop and price usually tanked and then rallied shortly after. It dropped due to the people dumping their free
Coins for BTC so it had a more accurate pattern then, but now I don't think these full moons mean much.

If there is a reversal then I think it's nothing more than a coincidence.
5920  Alternate cryptocurrencies / Mining (Altcoins) / Re: how much etherium can 5 cards of 30 mh/s can make per month ? on: October 14, 2019, 04:07:35 AM
Its very rare for a mining rig to burn a house down, especially end up killing someone while they sleep. You need to be reasonable.

-snip-

So as you can see, usually the rig will power off when there is an issue. And most people if not everybody due to fire codes needs a smoke detector in their place. So if a mining rig actually starts a fire, the smoke detector will wake you up and you can either put the  fire off yourself or just run outside.

But I agree with you, for little profit sometimes its best to just sell the GPU rather than deal with the headaches of when they crash in the middle of the night and you have to reboot them.

It maybe safe in the 1st world fire-alam ridden countries you live in, but in different part of the world, houses and homes rarely have fire any alarms. What exists in these parts of the world are fire hydrants at the most (probably because fire alarms add up to additional electricity costs). So the threat of fire from mining rigs is a real thing.

I also agree that mining rigs are better off sold if the profit is too low. Don't just count on the calculators to project monthly profit it's important to consider down-time, freezes, and restarts that use up electricity even when not mining.

Fire detectors or fire alarms use pretty much no electricity at all. I don't know why you are saying that it's expensive to run a smoke detector because it uses so much electricity that it's better to just not have them. Doesn't make sense.

At Home Depot you can get some cheap smoke detectors for like $10 each with a bulk pak. And they usually require a 9V battery which can last like 3-5 years. So pretty much they use no power at all.

The loud noise when there is a fire might actually use up the most power but it's worth it since it's alerting you off danger and worth the cost of a new battery.
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