Seems that maybe Bitcoin might of peaked since everyday or so we are getting threads about people wanting to mine Bitcoin with their cell phones and people wanting to mine Bitcoin on their school and work computers.

This is similiar to what happened in Q4 2017 peak where there were people mining ETH in their Tesla's at a charging station. Basically a month or two later the markets started to turn. Wondering if threads like this are a leading indicator of another Crypto bear market.

Every quarter that goes by after Q4 2017, its getting harder and harder to sell gear for a decent price. I remember the days when you could sell an RX 470 on Craiglists in minutes. And now you make an ad for a RX 470 on Criaglists and its days before you get a reply and its usually a lowball offer offering 50% of your asking price.

Seems that gamers are very picky these days because they got lots of options. Many are mostly going for Nvidia's since its the gamers choice. And most gamers probably don't want to touch the RX series since most likely 80% of all the GPUs in existance were used to mine with.

How did the OP get the error message which had the clickable link to the fake Github page? A few months ago most Electrum server nodes started to crash any clients to prevent this from happening.

When he last used Electrum he had a server list of Electrum nodes, it most likely tried to connect to those nodes. 100% of those nodes were good nodes and one of those should of crashed his client before he accidently found a node which was fake to display the message.

If I got $18K I would probably withdraw it and buy my dream car which is an E39 BMW M5. Basically looks like below.

Sure they are some which are cheaper than $18K but they are beat, I would get a nice example and it would also be as an investment so I think the E39 BMW M5 will start to appreciate in value soon and be worth maybe $50K-$100K in the near future. Why? Because they are over 20 years old now and the supply is starting to get limited. This might head into the same category as the E30 M3 which is very valueable these days.

That or I would just send it to Primedice and put it all on one 50/50 bet and close my eyes while singing "YOLO" and click the Roll button.

There was a company that did an analysis on the ETH network for the Ponzi ETH wallet and it turns out that the money was sent to about 250,000 different ETH addresses. For some reason I can't find the link anymore but it was posted by someone on Twitter somewhere.

Anyways the company stated that it would be very difficult to find out which ETH is tainted and which is legit. Keep in mind this was a Ponzi scheme so obviously the early and middle investors made some profits and cashed out. They obviously aren't the thieves here and their withdraw would be legit. So with so many addresses its impossible to tell which is stolen and which is legit.

I think you are worrying for nothing. Most of those tainted coins are some Chinese drug lords and I am pretty sure they wouldn't bother buying any mining gear. If they really wanted some mining gear for some odd reason, I think they would just buy some new ASICs or GPUs instead of something second hand.

Also say they wanted to sell some of their BTC privately doing a person to person meet. Some new adopter decides to buy some bitcoin from them and they are sent the tainted coins. Those coins then would get tainted and might get flagged by some exchange however most people aren't going to check prior to a person to person crypto meet where the coins are coming from. Its not illegal doing a person to person meet unless its for a large transaction. So the buyer did nothing illegal here.

This is no different than someone selling a car to a drug dealer and that cash was original used as a drug money. The buyer has no idea the person was a drug dealer and no way to tell where the funds came out. Will the police come and take the cash away from the seller? Probably not.

Difficulty is always increasing. Bitcoin and Litecoin are hitting all time high difficulty levels and alt coins like Eth are not at ATH levels but the profitability is dreadful these days.

One reason is they have reduced the block reward twice already and second issue are the ETH ASICs which are on the network. I think mining in 2016 was triple the profitability than today. I remember back in 2016 I made like $2 a day with my old R9 280X while today I make like $0.50 a day with a more efficient GPU before power costs.

So you aren't missing much.

Yes 20K is actually very cheap these days. I use alot of Bitcoin Services and most places charge at least 40K+ sats. And most of the time when you actually look at the withdraw transaction, its pretty close to the amount that was charged for the withdraw fee.

A manual tx fee is not always a good idea. I think Bitmex is one exchange that lets you set your own withdraw fee and its great however you need to becareful. Reason why is because you have no idea how many inputs your transaction will have. It can have 1 input so it will have a higher sat/byte fee or it can have many inputs and your transcation will have a very low sat/byte fee and might not get confirmed until the slow weekend sometime. Hence why its always better to pay a higher fee than a lower fee.

Trading in general is never easy and most retail people never make any money. They were figures published where like less than 5% of all traders actually make a profit. And probably less than 1% actually are good enough to do it for a living. Crypto and Bitcoin is no different.

Trading is zero-sum. Meaning for you to make money, someone else has to lose money. And the general interest is for many newer traders to trade with fear and greed and get liquidated. This is why experience is so important in trading and why the whales usually take the money from the small fish which are the new retail traders.

Yes I agree with you that its a very risky way of betting. I remember a few years back I wanted to move my rank up with Primedice and I wanted to have a big wagered BTC. And I found out that the fastest way would be to bet on a safe multipler such as 1.1x or so. That way you can bet like 1 BTC and chances are you will win and it very quickly moved up your overall wagered BTC while keeping a high probability of winning.

Basically it worked well... until it didn't. I think I remember I ended up hitting 2 losses in a row with 1.1x and ended up losing a huge chunk of my BTC holdings at the time. So it looks like a surfire way of gaining a large BTC wagered account however eventually luck won't be on your side and you will end up with a large loss which usually is higher that the smaller wins that you won prior.

I think I won like 0.1 BTC about 4 times so 0.4 BTC but when I hit that loss I ended up losing 2 BTC so in the end lost over 1.6 BTC.

Ethereum actually almost over-took Bitcoin at one point in market cap. I remember that during the Segwit debate and all that UASF days people were starting to lose trust in BTC and started to buy ETH instead and if I recall the market cap came very close of each other, but it never actually exceeded BTC market cap.

Now its pretty far away from overtaking Bitcoin. Most due to all those ICOs which are probably still wanting to cash out and there are probably tons of people who bought ETH at like $1000 a coin who just want to break-even with their investment. Will be a while before the 2 ever become close in market cap again.

I was also surprised that LTC hit that crazy ATH figure back in 2017. I remember mining that coin with my GPU back in 2014 and I remember that miners kept dumping and dumping LTC until it hit like $1.50 or $1.25 or some crazy low figure. I assumed the coin was done and finished.

I don't really know all that much about LTC, but I am assuming that maybe in Asia it has a market. Maybe due to its fast block times and cheap transaction fees maybe people actually use it for goods and services. Not sure however. The developement seems pretty active and they were the first to activate Segwit which pegged the way for BTC to activate Segwit.

I think if he moves 1 BTC to coinbase, and then later you do a withdraw and unluckly his BTC gets sent to you, then you are most likely not to worry since it was sent to a middle-man (Coinbase) first of all. The liability in this situation would be for Coinbase to freeze that account and investigate.

The issues will arise however if they send coins directly to someone else like selling some BTC for an alt without using an exchange or just doing a person to person meet and sending the coins directly to another wallet. Then that individual would have issues if they sent those coins to an exchange.

Very difficult to actually assess what would happen in this situation.

Anyone up to date what is going on with Ethereum?

Looking at Ethermine it looks like the ProgPOW audit should be released in Late August which is now. Also it looks like the ETH devs have finalized the next Ethereum fork (Istanbul) and looking at the EIP posted it doesnt look like there is any type of algo change in there.

Anyone know what is going on with ProgPOW? I remember watching a ETH dev conference and they said they are going to go with ProgPOW unless they encounter difficulties however since then we haven't heard much.

This is completely untrue. First of all most coins that are released on the market are usually ICOs and POS coins. They aren't mineable POW coins. Rarely do we get a pure no-premine coin released these days unlike we did in 2015 on a daily basis.

Also when ETH goes POS, where do you think all those GPUs will go? They won't disappear. They will start mining other coins and make it unprofitable for everybody. This is why Satoshi introduced difficulty to mining. So the block time stays the same but the hashrate can go up undefinately.

I only use a surge protector in my main rig that I used for browsing and trading and never bottered to use it for all my mining rigs. Most people that mine usually have a high quality PSU and it has a surge protector built-in.

I did at one time buy a bunch of cheap surge protectors and was using them for a while. There was never a surge or an outage so I can't tell if they worked or not but my issue was that the surge power bars ended up melting in certain areas.

Basically 1500 Watts or so was way too much and it caused some of the leads to run hot and start to melt. When I noticed this I disconnected all the surge protectors and never used it since and never had any issues.

There are probably better surge protectors at +$100 or so but I didn't find it wise to spend that much extra to get a mining rig up and running. Maybe I was just lucky.

I think the reason why many people pay attentioned to him and its also the same reason why I read his tweets and posts from time to time is because of the name "McAfee". Basically for most people who were involved with computers in the last 20 years, know exactly what "McAfee Virus scanner" is.

Its a very popular software and people have used it in the past or they have heard about it in the past. So when the owner of the company is telling people to invest in Cryptos people seems to want to listen to him because they assume that if he was smart enough to start McAfee virus scanner software then they assume he is a very smart and wise man.

I wasn't talking about the micro term but more of the macro term, I am talking about months and years instead of days and weeks. I am pretty sure if someone joined Crypto at the beginning of the year they are not packing their bags because its trading at $10K now instead of the $13.8K yearly high.

When BTC went to $20K there were crazy amounts of people getting into Crypto and all services couldn't keep up with the demand. I am talking about Bitcoin ATMs, exchanges, Gambling sites, Reddit, Twitter, etc. It was massive adoption for anything that was related to Crypto. It was very good for Crypto gambling.

But in the Summer and Fall of 2018, things started to look bleak and people assumed BTC and Crypto was a scam and got out and exchanges had to lay off people and there was low traffic to all bitcoin services and exchanges. There was less and less posts in this category and people just moved on to stocks or other trading instruments.

Wow pretty sad to hear that in Sept you guys are closing the investments. Its bad for many of the long term BTC hodl'r that want to put their BTC to work instead of leaving it in cold storage which does nothing.

I am glad that you admitted that you were fully confident of YOLODice security but still in the back of your mind you were worried about all those millions which you invested for other people and the thought of losing it somehow was devastation that it caused you to lose sleep. Its good that you actually take people's security seriously unlike some websites out there.

So hope the new model works out for you and if you decide to bring back the investments thats great but for now I hope your new program improves the site overall.

Saying it will never hit $50K is not much of a prediction. If he said it will never hit $20K then it would be a more accurate speculation. People don't realise that $50K is not going to happen anytime soon. Even if $20K breaks again, I can see maybe $25K or $30K shortly after but we got so much more liquidity now then 2017 that there will be lots of resistance out there.

Regarding him predicting the Housing crisis in 2008, there are many people that predicted that actually. Watch the movie the "Big Short" there were many indicators that the subprime credits are a huge risk to the economy and many assumed that the bubble will eventually burst.