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We will see what most people did with their GPUs depending on how high the difficulty goes right now that mining became profitable again.
So far the difficulty is slowly rising now that the price went up. I think most people just turned off their rigs because they assumed, ETH would go up again in the future. However there are certain people that actually sold their rigs, most likely to gamers which won't affect the hashrate unless those gamers are also miners.
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Basically its pretty profitable with 0.10c KwH power and with an old GPU like the RX GPU.
Yes, and not much more. At 16c/KWh I just didn't bother anymore. Powering my two old rigs of RX570 was just not worth it (1700W for what... $1/day profit at most?). Decided to get rid of the old things and swap them for a couple of newer, efficient cards (RTX 2060). They actually make just as much. Yeah my garage is 10 cents in winter if you count the heat benefit and 19 cents in the summer if you count added cooling and summer power prices. My days of heavy garage mining are done. I am mining an xmr rig https://www.nicehash.com/miner/1JdC6Xg3ajT3rge3FgPNSYYFpmf53VbtjeIt is earning about 3-4 a day before power and about 2.50 in power cost. so a profit of 50 cents to 1.50 Which GPU is this? With the RX currently ETH is most profitable even though XMR uses less power. Using the What to mine calculator it looks like XMR is 33% less profitable, I am guessing that there is already some FGPA mining that coin again. Most I can get is like 950Hs using 105 Watts and with ETH I get 28.5mhs using 120 watts so at the moment ETH seems like the obvious choice. |
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In bitcoin world running a business for 6 years without a problem is unheard of.
I am not sure that PrimeDice site has never got troubles over its six year history, but even they got troubles, it does not matter because finally they came back, recovered, and grown well to become one of the biggest and most reliable, most favorite dice sites in online gambling. That tell us a lot of things about the Primedice's position in gambling world. I congratulate in advance for the coming six year anniversary of Prime Dice tommorrow, and I obviously wait for tommorrow post from @Stunna. I don’t remember any specific incidents where Prime Dice was in trouble, many trolls have tried accusing them of non payment but when put to test Prime Dice was always found to be legit. In these six years Prime Dice has updated their site too, and in few of the recent updates suggestions of players were also heard and implemented. It’s also worth mentioning that in recent years Prime Dice has began to donate to charity, which I feel is a nice initiative by them. True I also haven't heard any problems or issue regarding the site, But maybe there are some minors who knows it has been 6 whole years and even if they did have some issue's I think it wouldn't matter anymore. They already made it to their 6th anniversary and most gambling site's wouldn't last that long if they don't have a good community. This just proves that for 6 whole year they already earned the trust and loyalty of their players. Primedice was hack once by one of their players and withdraw thousands of BTC's during their early days. But they rise from this incident and goes stronger in terms of their platform security. Other than that i haven't seen any major complaints or withdrawal problems on primdedice in my entire bitcointalk lifetime. Yes the hacker was a guy called Hufflepuff and at first everybody was amazed at his luck and then it took them a while to realise that the guy actually cheated. If you got some spare time, there is a summary in this thread: https://bitcointalk.org/index.php?topic=843892.0The videos are still working on Youtube and looking at the videos it looks like legit bets actually. Pretty crazy with the amount of BTC that the guy ran off with. Was a huge blow to the site and the gambling industry back then. |
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I wonder if there so called TA or PRO-TRADERS on the site .
And if they are making a huge money from their analysis?
This site would really be good for them I mean for quick traders who could really know what would the price be.
The idea doesn't seem that different than binary options which are very popular with forex and most stock indicies. And there are tons of websites that offer them. They aren't allowed in certain countries like USA because its so difficult to make a profit with them that many people call them scams. They usually have a house edge where if you win, you get 85% of your bet and if you lose, you lose 100%. So the house edge is always there against you. I tried them in the past with little luck, simply due to the fact that its a gamble predicting what the market can do in such little time. And I tried different TA but it would never be profitable due to the high house edge. |
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We all would want to use liquid cooling for all our GPUs, but you need to face the fact that its not cheap and it also takes up too much room.
GPUs can survive much higher temps than humans. Its basically no differerent than a car. A car just uses the outside air to cool the engine and its sufficent. And with a GPU its no different.
Just have a good intake and exhaust setup with a low/high pressure setup and the air should get quickly sucked out of the room. Depending on how many GPUs are in that room, you probably shouldn't sleep there due to the heat and noise however.
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MUSIC sure brings back memories. I was basically mining that coin when it was on DAG #0 and you couldn't even mine it with a pool or even use the Claymore ETH miner, you had to solo mine it basically.
Looking at profitability, its not profitable at all the mine. Basically it produces around 50% of what you would get just mining ETH. A few years later, I was still mining it due to the fact that it had a low DAG compared to ETH and you could get like 20MH/s out of a R9 280X instead of 10MH/s which it got for ETH mining.
So I am pretty sure its the same people mining it now. With GPUs that suffer the DAG thrashing bug, they mine it because certain 3GB GPUs can't mine ETH anymore.
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Looking at the ETH hashrate charts, https://etherscan.io/chart/hashrateIt seems we got an +15% in hashpower from the average hashrate of Q1 2019. And at the same time the price went up ~100% or so. So it looks like the hash power is slowly increasing since its becoming more and more profitable to mine. I think its still early and maybe some old GPU miners from 2018 haven't noticed the increase in profitability and they haven't powered up their rig. So even with a constant price of $260, I predict the difficulty will still keep going up from here. Basically its pretty profitable with 0.10c KwH power and with an old GPU like the RX GPU. |
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Is anyone getting lots of hashrate bounces? I don't remember it being soo extreme. Before it used to be something like 30MH/s then maybe a drop to around 26MH/s or so but I am seeing drops down to 18MH/s sometimes. By before, I mean using a custom bios and version 12 of the miner. Watching the voltage and clock speeds it seems to be doing the same thing. Temps bounce between 53C and 57C along with those. https://imgur.com/a/Vi4gZn0Attached are a few screenshots Yes I get these also and I pretty much have been getting them for the last few years of mining ETH with the RX gpus. I have no idea why they happen. At first I assumed it was because the CPU was busy installing some Windows update or something else was running in the background and later it went back to the normal speed, however an hour later for a few seconds the same thing happened. I tried different motherboards, different CPUs, more RAM, different OSs, different AMD drivers and basically they all get this issue. Sometimes its 1 GPU and sometimes its another GPU in the rig. I find that, usually the slowdown only affects 1 GPU at a time and never more than 1 so I just left it as is. Its only like this for a few seconds and eventually goes back to the full speed. If anyone has an idea please let me know, however its a minor issue. |
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It doesn't make sense to dump all those coins at once, especially on a very illiquid exchange like Bitstamp. They basically put in the best offer and kept changing the price as it went down, creating algo bots to sell on other exchanges which do arbitrage.
Most likely it was manipulation to liquidate the $200 million longs on Bitmex which seems a common thing to do because people usually over-leverage on that exchange.
They did an investigation and said that nothing deliberate was found however I don't belive its the entire story.
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I am not really up to date with the MtGox liquidations however last I heard one of the people appointed to handle the bankruptcy has stepped down and the time to get the coins back to the users is further delayed.
There will be no more selling of BTC for fiat since all the debts are settled. What is remaining is to give a haircut amount of BTC back to the holders of MtGox customers who had a BTC balance back in Q1 2014.
People are predicting that those 2014 owners of BTC are die hard Hodl'r and won't dump on the market as soon as they get their coins, however who knows what will really happen when the time comes. It might be a few years before they get their coins back.
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Mining ethereum still profitable, but only if you have a low cost of electricity fee and a big power to mining.
If you don't have both, then I think it's difficult to get a profit from mining.
You need to calculate how much the fee you might spend in a month, and you need to compare the estimation of the price, so you need to know your chance to make a profit or not.
In some country which has a low cost of electricity, you can mining ethereum and earn a nice profit.
well, basically if you want profits on big coins like eth, you need to have an ASIC, or a large GPU. I personally might prefer other altcoins, maybe like the veils that I currently pay attention to make a pretty good profit. But i read ETH going to change into POS, if i plan to mining ETH buying ASIC will not be profit, is that true? ETH was suppose to switch to POS back in Summer of 2016 and it still hasn't happened yet. The dev team is very slow in updates and usually misses dead lines. Right now the issue with the ETH ASICs is that the algo might switch to ProgPOW, rendering the ASIC useless, hence why its better to just invest in some GPUs, especially Nvidia's which generally hold their value very well over the long term. When it finally goes POS, just sell the GPUs to gamers. |
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UPDATE ON CRYPTOPIA SITUATION
For those that haven't heard. Cryptopia is currently our only exchange. Back in January they suffered a hack and since then trading has been disabled. To our surprise last week they went into liquidation.
For those that mine directly to your Cryptopia wallet please refrain from doing so as we don't know when that wallet will be open for withdraws once again. At the moment please mine to a wallet you control.
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Good work. You have spent some time and money on this.
But was it not easier to install air conditioning? In the summer, the costs would increase by some amount (power for the conditioner is more than for the fan). At the same time, the air conditioner can dry the air a little.
Miners almost never use air conditioning in their homes. The reason why is because it would use too much power and make it unprofitable. Even if the profitability was very high and the air conditioning only was a small fraction of the cost, then it wouldn't be able to keep up with getting all the heat out if you had massive amount of GPUs. The best way is to have an intake and exhaust type setup and have good ventilation. It might be hot and unliveable in that room, so you will need to sleep elsewhere but the GPUs can survive higher temps than humans. |
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Most of the bitcoin fork coins are like BCI. You can't get too greedy and need to sell while the price is attractive and get out.
Bitcoin Cash was the only Bitcoin fork which would of paid you well if you've held it. It opened at $300 and it peaked at $3000 once. The other forked coins like Bitcoin Gold, etc all basically peaked at the time of the fork and have been going down ever since.
Same with the Bitcoin Cash SV coin. Was hoping to get 0.02 BTC for it but it got delisted almost everywhere and its worth less than 1% of a BTC right now. So once again the best time to sell BSV was around the time of the fork.
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I have tried this version and its my first time returning to mining ETH since last November 2018. I must say that this version is much more stable than the previous versions.
Basically did nothing except replace the pools and config file and it worked right way. I got decent speeds without having to do much tweeking with the straps or memory clock. Most important I've never gotten a system hang before which was frequent before. Especially if it was a computer I used to browse the web.
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I think the problem was there was no deadline, the deadline is literally all tickets sold and it could take years if he continues with this pace before he can sell all tickets and people who want to get a refund can't get it probably which is why there is a linear direction that all tickets will be sold one day even if it takes years.
We have seen another lambo raffle where the owner literally took the money and ran with it and since there was absolutely no way to get him people just said "well it figures" and most of the commentators already knew he was a scam, this is a different approach to it but it feels like the same way.
The creator of the raffle is doxxed so he can't say he scammed you that easily but he can just postpone the draw as much as he wants and eventually people will forget about it.
His last post was April 3rd and also his last activity, he hasn't returned since. I am guessing he was doing some legal and regulation work and probably ran into a roadblock and decided that its not possible to hold a contest such as this. The house that he raffled off was different because it was a local scenario and his payment was taken in pounds. With Bitcoin you got issues because laws vary country by country and you also got the problem of KYC or No-KYC. There are also environmental regulations which are a problem since a Lambo is a gas guzzler. So if the winner resides in a country where they don't sell Lambo's, then it will need to be imported and pass emissions. And depending on how strict the country is the cost can be significant to make it road legal. |
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Averaging 15 thousand (even well over) bets per minute means you guys are having around 21.6 million bets per day, lets assume that "well over" is that 400k difference and we can say on average primedice is getting 22 million bets per day. I think that is as awesome as it gets and since I have no knowledge of how to work an api or if you even have an api to check those type of stats we have to believe you. Do we know how much on average bitcoins are wagered? That would be even better if we knew that.
On average how much bitcoins are wagered and we can calculate how much one bet on average is that way, there is a lot of assumption that because of the faucet there are a ton of 1 sat type of bets going on and with the altcoins now there is even lower than 1 sat bets so if the average bitcoin per day wagered is known we can stop those assumptions too.
Primedice is one of the sites that you can actually bet 0 Satoshi and the bet is registered, hence why makes it difficult to calculate what you are asking. You might be thinking, why bet 0 satoshi, seems like a waste of time? Some have a strategy where they try to risk 0 satoshi on bets they think they will lose and they will return to their base bet if they think the next roll will be a winner. Say you are betting 50/50 and you have a base bet of 10000 Satoshis. Say you encountered 5 winners in a row, chances are that the next roll will be a loser correct? Hence you would make your next bet 0 and then go back to the original base bet. I know that each bet is completely independent of the prior however chances are that the next bet will be a loss, so you are better off losing less than your base bet. |
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BTC Long Term Analisys - 05-05-2019 by CryptoReggae I try to update my long-term analysis, since the last real analysis was made by me on March 15th with a target of 5.1k ( https://bitcointalk.org/index.php?topic=5115951.msg50171268#msg50171268), but then in practice by me moved to $5215 and closed there. From $5215 touched on April 3rd I closed all LONG positions. After a very long ride that began at the February low, we reached the new highs of the year touched yesterday, 4 May 2019. The climb, although I expected, was in my opinion very "supported", almost forced, with volumes not worthy of such a climb, as if to close the swing in advance. The bullish push we can imagine that very soon it will be exhausted, a matter of hours / days. What to expect in the coming weeks/months? We are in the SWING area, or the strength of the bulls is at its peak. The inversion area is between $5780/$6345 (Bitstamp value, Kraken, NO USDT). We could expect an acceleration of the events, in particular driven by the expected news of Bitfinex and the possible Ban mining in probable arrival from China, but this will not go to alter the movement but only speed it up. We keep 6k area under consideration, which besides being a psychologically strong area, is an area of very strong pressures (sell/buy), and as always in a trade we have only two possibilities, go long or go short. So what to do? In my opinion we have 3 possible scenarios, 1 of a reversal occurred and 2 of a Bearish Trend recovery. I announce immediately that in my opinion the Bearish Trend is far from over, indeed, it iswe will still have quite a bit.Possible scenarios1) BTC exceeds 6k with strength and volume and the FOMO starts 2) BTC tries a 6k test, we pass the 6k and the Fomo starts, but it's a False Breakout 3) BTC tries a timid test of the maximum ($ 5870) and reverses I personally would totally exclude scenario 1) (more than 6k and fomo) for many reasons that I have already explained several times in the past and that I don't want to repeat. The most probable are, in my opinion, scenario 2) and 3), with higher probabilities for scenario 2).An attempt to break 6k would unleash the FOMO of the little ones, because that area is psychologically very strong in people, but at the same time it is an area where the shorters and long trade longhers have their orders waiting to unleash the sell. In my last trade I was talking about this "risk" of triggering a FOMO without a real technical response, here we are, in part, already entered this "mode". In conclusion, my operational strategy will be to place the short stiles, then more short orders, in an area between $5870 and $6345, with a very first target in the area 4172/4046, where I will eventually be able to lighten the positions (even if this is premature now, so I'll go back to doing the analysis later before setting up any sells).
Following the chart. https://i.imgur.com/xmqkgwX.pngThe analysis was invalidated by the break, but personally I am not convinced of this climb. The 6k were one of the most difficult resistances to break, and it was broken with impressive ease, most likely facilitated by the unfinished Bitfinex / Tether story, where users purchased BTC to exit the platform. At this point we have to wait for the first real retracement, and from there we will understand if it is a real inversion, or it will be like I fear a false breackout I don't think Bitfinex would have enough market share to be able to make the price rise from like $5000 to $8000. This might of been possible with MtGox because it was pretty much the only exchange but Bitfinex lost alot of its volume from the 2017 days. I think its just a continuation of the April 1st pump which was before all this Bitfinex fud. I would say that this rally maybe up to $7000 area was driven by bears which were short covering. I think many of them shorted the $6000 area and it was proved by the funding rate and open interest that many bears shorted that area, and when we broke $7000 most of them just took the loss and covered. |
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Reaching $7000 didn't really confirm the bull run, reaching $8300 did however and the bullish settlement we are getting everywhere.
I think as long as $6000 holds, which will make it the right shoulder of the 2018 yearly support, then it should confirm we are still in a bull market.
We are also getting more positive fundamentals with all those stores which started to accept Bitcoin which was demonstrated on Monday. I think we should make newer and newer highs everyday for the next few weeks.
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For the first time in a while the funding rate is finally positive on Bitmex and the futures finally have a premium instead of a discount. It has been the first time since I think Sept or Oct 2018 that I am seeing this.
This means that most people are finally hoping on the bull bandwagon before they get left out before $10K hits. The way that the dips are being bought up points that we should have no issue coming close to $10K, whether it breaks it or not is another question.
Last May, it looked like it was going to break $10K but ended up being a large bull trap.
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