Surprised this thread was created in April and i've haven't seen it until today.

Seems like a troll post but at first when I read the topic I assumed that the OP wants to use the 240V power which kitchen appliances like the Stove or the Dryer use and plug in some miners into there.

I've actually seen people do that since they never cook at home or they never use the dryer. And its less of a headache than hiring an electrician to install more power circuits.

However when I Read that he wants his fridge to actually mine with the low power CPU chip, I guessed he is talking about something completely different. Most likely if there is enough interest you can probably mine with some console like the Playstation or Xbox however most house hold itens you can forget. I guess you can always get that Router which mines BTC, however I still think its a waste of money.

I didn't check the logs but are you guys sure he only made 1 bet and just stopped betting. Or did he do various bets of different sizes and finally got lucky on that win? If so its crazy and I agree with you that he might of just did a fat finger bet where he accidentally wanted to put 49.5 in the "Win Chance" instead he got confused and put it into the "Payout" option.

Since its a 49.5x chance with the house edge he only has a 2% chance of winning, so its indeed lucky but also not that unbelievable. You can probably hit even 99x chance without too much effort, even if you do only 1 bet.

And I agree with the above poster. $1K is really nothing to most rich people. Honestly there are some upper middle class people that probably don't mind losing $1K a week at the casino, and if someone is an early bitcoin adopter then $1K is definately not that much money.

Basically since April 1st we had 3 daily candles with each $1000 days. I sold a bunch of BTC and also hedged a bunch to rebuy lower and the price is still heading higher and higher.

Only news I can find that is BAKKT is still on track (shouldn't be that releveant anymore) and that certain retailers like Barnes And Noble have started to accept BTC. Also there is rumor that eBay might start accepting Crypto. The latter is probably the most important.

Really wish to have held till now instead of selling earlier but I guess its better than selling at $3100 earlier in Dec 2018.

Keeping the hosting active is not the only issue. Most hosts you can prepay for 1 or 2 or 3 years in advance or like a person above said, they can automatically charge the credit card. However if a person is in prison, and doesn't pay their credit card bills, then how will the transaction go thru? Anyways this is another road block.

Regarding XMR withdraws, I am very curious did the owner somehow shutdown the daemon or is that daemon still running but on the old fork, from what I recall when XMR forked, there was a group of miners still on the old fork. So maybe if that chain is still alive, you can check if any transactions have actually went thru if there is a block explorer, however most likely the value of that coin will be nil so there is no point really.

This can go one or two ways. Either nobody get their BTC withdraws, or maybe in 5 years when BTC is $100,000 per coin, people will finally be able to withdraw. And it will be pure luck for them because if they were allowed to withdraw early they would of sold at $3500 ( Jan 2019) instead of at $100,000. So it might work out in the end, just like it did with MtGox.

We should be able to get a general direction now because its finally showing use some analysis to perform.

When $6400 broke, we hit $7600 simply due to bear short squeeze by the fact that the OI was 700M and the funding rate was very large. And then we went from $7600 to $6800 simply due to the fact of a long squeeze. Basically more liquidations were longs than shorts in the last 24 hours. Now that both sides are squeezed we can finally choose a direction.

There is lots of support below us, but its far away at like $6400 and $6000 and $5500 and $4700, either of those should hold in the mid-term.

I have a few of these GPUs also and you pretty much shouldn't mine ETH with them due to a DAG thrashing bug which is causing slowdowns.

Basically 1.5 years ago, I was able to mine ETH at 30MH/s with the R9 290 reference GPU however all of a sudden over a certain DAG it started to slowdown, it kept slowing down with every new DAG until eventually I stopped using them all together. The speed was slow and the power consumption was the same.

It has the same issue as the R9 280X which caused the GPUs to go from 28MH/s (DAG #0) to like 7MH/s with the latest DAG and pretty much rendered the GPUs useless for mining.

This post is not that old but we actually have reached $7500. I think on Monday we will start to get some buzz on the social media again about bitcoin and following might be the retail FOMO rally like we had in the past.

I think many people will want to buy now before it either breaks the $10K or even the $20K all time high. People have compared last bubble to the prior and if history repeats it might go to $100K or something or other.

So I guess this is good for bitcoin in general. I think there will be more individuals who will discover bitcoin gambling and you should get a bigger boost of traffic. I remember last bull run was the reason why bitcoin casinos had to get rid of faucets, due to the abuse. The 2013 bull run or prior didn't have as much adoption as the 2017 one but that 2017 was crazy and hence the reason why casinos had to remove the faucet because too many people were taking advantage of.

Its good that you have diversified at a time like this. I am assuming this will be similar to 2017. Bitcoin's dominance was going up until it peaked in Dec 2017, prior to that alt coins were losing value with respect to bitcoin. And eventually bitcoin topped out and then alt coins started to gain value and so did their ratios.

This simply implies that people sold their alt coins for Bitcoin... then they will sell their Bitcoin for alt coins ... and then most likely either tether up or withdraw into their bank account some fiat, or just do some long term storage.

This should be good for casinos like Stake because it brings new adoptions and it will lead to more traffic which means more revenue.

If history is to repeat itself, then Bitcoin will top out about a week to 10 days before the bottom of the alts ratio against BTC.

Looking at ETHBTC you can see that the bottom was put in about 9 days before the top in Bitcoin was made. Basically alts were getting sold for BTC... then BTC was being sold for alts .... then alts were sold for tether or fiat and everything started to crash.

Not saying it will happen but something to look for. So far it looks like alt ratios might hit another low however even with that ETH spike over $200.

Don't know if you have heard but ASICs have taken over ZCash for over the last year or so. So there isn't any point anymore in GPU mining this coin.

Some coins like Bitcoin Gold have forked to a new algo which is similar to Equihash with different parameters however the same ZEC has stayed with the original algo and right now they are very efficient ASICs at mining it. No point in GPU mining even if you got cheap or free power.

Just mine ETH with your GPUs.

We all predicted the top incorrectly and either sold too early or have a very negative short. I think one clue to the top of bitcoin can be when we get alts to start gaining again which is exactly what happened back in Dec 2017.

If you look at ETHBTC, XMRBTC and most of the popular alts, they basically formed a low again the ratio for BTC within a week of the BTC all time high price of $20K. So money flowed from alts into Bitcoin and then flowed from Bitcoin into alts and then eventually the alts bubble burst, and major whales took their profits into fiat, it seemed.

If this is a repeat then its important to watch the ratios very closely. We can't predict the top but if we see some buying momentum with the major alts we might be a few days or a week of a bitcoin top pivot.

Almost every exchange got hacked pretty much. And within time people still regain their trust and reputation. I think when a hack happens, most people don't care as long as they don't get a haircut of the funds.

When Bitfinex got hacked, people were given shares and eventually those shares were redeemed for almost the entire loss. However hacks like Cryptopia or MtGox got a sour taste because most people still to this day don't have access to their funds.

Binance since they decided to cover the losses, most people won't really care and within a month or so everybody will forget. Right now everybody is focusing on the bitcoin price anyways.

No idea. What is weird is that the funding rate on Bitmex is negative and we are in a bull market. What this means is that many people are shorting still whenever it hits a new high.

Its different than a few days ago, because a few days ago it would have a high negative funding, we would hit a new high and the funding would almost be zero, and then the funding rate was high again when we consolidated. Right now we are going higher and higher and the funding rate stays the same. Should be the complete opposite. Back in 2017, the funding rate was positive and if you were short you were given a large interest rate, now its the other way around.

Maybe give it a few more days and it might shift over, or this is one big bull trap.

I think most people would and most coin developers would use that algo, however its not possible.

Only way I could think would be maybe if mining required a unique human fingerprint or human retina to prove that its actually one unique person doing the mining; however I don't think its possible and even if it was most likely some hacker would find a way to generate fake fingerprints or retina scans and we would be back to square one.

Even that coin which was mineable by solving capcha's which actually required human intervention didn't work. Because someone hired some cheap Captcha solvers and it became centralized anyways. I think it was called Raiblocks and later it was rebranded to something else.

Its pretty crazy how bitcoin is going bonkers but the alts are either trading sideways or going down. So if you are a GPU miner, profitability hasn't really improved since the last few months.

Really would like to see ETH above $200 and maybe it might be worth powering up my rigs again. I am sure the people with the SHA256 sure are happy this month, since Bitcoin is the only coin accelerating in the last couple of weeks.

It really depends if the $6000 support actually holds. Basically we broke straight thru it, I am assuming many bears shorted the $6000 because it looked like a classical textbook short. And they are getting short squeezed at the moment.

I would like the $6000 to hold for the next few weeks, if it closes below $6000 then it might of been a bear squeeze and bull trap. However if it holds then BTC might retest $10000 again sometime this year and should be good for the overall growth of the Crypto sector.

Well we all pretty much sold way too early or hedged way too late. I am pretty sure most people sold or hedged at $5500 or so because $5750 was the previous support of 2018. Maybe some sold at $5999 but once it broke $6000/$6100 it could of went anywhere. People were calling $6200 the top, some people on twitter claimed that $6400 would be the top and now it almost hit $7000 and looks like this might not be the top either.

Open interest is still very high and the funding rate is very high for the bears, so who knows when this will stop. I don't think we will hit $10K, but if we did then I wouldn't of been surprised since we gained over $1000 in less than 2 days.

It was actually 2 Pizza's for 10,000 BTC. However you need to realise that this was in 2010 and Bitcoin had little value back then. I don't recall the seller of the BTC but I assume he was probably an old adopter miner and probably took a few days to earn the 10K BTC and back then the difficulty was much less and the block reward was 50 BTC instead of 12.5 BTC

So yes he actually got a bad deal today but at the time it seemed like a fair trade and its important because it was one of the few first transactions where bitcoin was used in a barter transaction. Which is was it was meant to be used for. If people keep holding Bitcoin and never spending it then its not good for the coin. It needs to be used in transactions so the currency can survive.

Bitcoin might not be where it is today if it wasn't for that transaction. Because it set off a chain of events and people finally realised "Oh hey, it can actually be used to buy and sell things" and the rest is history.

So far I've skimmed throughout every post in this thread and couldn't find anyone that claims to bought a ticket and posted the transaction ID and traced where the funds went. Since I am 110% sure this is a scam, I rather not find out by sending the scammer a test transaction.

If we got at least 1 transaction ID, then we can see where it goes forwarded (if it gets pooled together somewhere) and we can find out if more people actually sent money there. So if they actually sold all the tickets, the balances would show up.

However this is a very sleazy scam attempt and the OP does a horrible job at answering questions. Hopefully the red trust keeps away most new adopters from getting scammed.

Looking at the Bitfinex long short ratio and the funding rates for Bitmex, it seems that many people are shorting BTC like crazy at these levels.

On Bitmex, its the same pattern over and over again. When Bitcoin breaks a prior pivot, usually causes massive liquidations and resets the funding rate, then after a few hours/days the funding rate is high again and so is the interest, and this repeated over and over for the last few weeks.

Seems people are trying to short the top and keep getting liquidated.