TL;DR imho, replace advisors with VTSAX. It would simplify things and they (Vanguard) provide a nice PAL (pledged asset line) against it, I heard.
Fuck that. QQQ is a better performer. The Schwab Intelligent portfolios also have been performing incredibly well for me, and will ibe topping those off plus a bit extra. Probably going to put off building the house a year out there, but the barn should be going up pretty soon now, FWIW. Related: Caught a photo of these two fuckers roaming around the pasture - Waiting for things to dry up before they finish off that section of road. Fun times.  Caught this pair on the other side of the property.  #blessed kill them as fast as you can. I had one smash though my windshield back in 1999 almost killed me. I hate fucking deer. Other than freshly killed dressed and roasted for me to eat.🧌 |
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Power is Power,
Money is also Power.
So, if you're too choose one, what you down for ?
Power or Money ?
Power will always allow you to acquire money. Money does not always allow you to acquire power. So if you force me to choose I pick power. Personally I don’t look for either I let things be whatever they will be. |
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Study oil prices in the 1970s.
opec locked them down and went sideways for years.
we have been in a 30-70 slot since dec 2020.
we are mirroring the 1970s.
but not exactly.
high inflation = yes
high interest = no
high real estate = yes.
I feel inflation causes need to hedge
low bank interest causes the need for a different hedge
in this case the hedge is real estate. big profits and gains here in usa.
in both eras stock market traded in a slot say the dow at 500-1100 up and down.
we could simply drift along for next year plus.
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Tbf it is probably a good starting pint for learning quite a few things.
You haven't been very specific though. If you've got a computer with a decent cpu/gpu then I'd think it's a good way to start testing out things with crypto. If you're wanting to try out cloud mining then it might be a good place to start too (I doubt there's much to be made there unless you do longer contracts).
If you had a larger setup, you might be better off looking at other places.
Im about to get a larger setup... what other places would you recommend viabtc.com my referral link https://www.viabtc.com/signup?refer=257609or no referral at all https://www.viabtc.com/signup?open an account with coinex.com my referral link https://www.coinex.com/register?refer_code=dwt9gno referral link https://www.coinex.com/register?you should stay active with 2 pools nicehash and viabtc.com is a good combo as I said my links for pool viabtc.com and exchange coinex.com are there or no referral is there. I use btc bch ltc doge eth = https://www.viabtc.combtc ltc eth =https://www.nicehash.com btc=http://mmpool.org btc=https://pool.laurentiapool.org/#/miners exchanges https://www.coinex.comhttps://www.coinbase.com |
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Increase in hash rate is directly proportional to increase in miners and also an indication of network security as more miners are verifying transaction making the authenticity of every transaction entered into the Blockchain more secure and temper proof.
Bitcoin momentum is a function of many activities Bitcoin has been able to uphold over time. The rise in mining difficult didn't just maintain Bitcoin momentum but also increase Bitcoin supply as miners rewards decreases
I mine so I like this pattern but I know I am established. I know my limits and what I can get the team to. Our big group may 2x its hash this year. Time will tell. Oh we are still under 1 mill in gear but we were at 4 s9's in dec 2018 so expansion has happened a lot in under 4 years for us. We found some other possible locations one could be really good for us as he has 31 properties at least a dozen could go solar and mine for "free". At Welsh as we expand we look for clients that fit our model. the new client we are starting with will do 4000 foot office roof with solar that will support 7kwatts 24/7/365 seems small but he has 31 properties and 12 could be good. He has a need to create passive income for someone. So if it works maybe we do a total of 100kwatts of 24/7/365 power for him that is about 600kwatts of arrays. use a factor of 6 to get your 24/7/365 power delivered. |
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with the china event bringing it down to 70.. a 400% would be 280exa..
.. um not quite yet has that happened.. (its 325%, so topic creator is a bit over emphasising things)
also comparing the mining cost of last year (around the china event) where asics were a different generation thus different cost.
this years generation(efficiency) means that the current new ATH hashrate is not going to present as a massive opportunity for a new ATH price.
infact the window of value is still around the same $30k-$70k for mining, thus the price window of support and resistance remains about the same
those lucky enough to mine the cheapest mining costs wont sell for less thus market prices support a market 'bottom' of that support.
everyone on the planet can mine for less then the high mining cost window. so no one will buy if they can get coin cheaper by mining, thus showing a resistance to go above a certain price on the market.
this value window is the same now as last year. so lets not exaggerate possibilities of new ATH prices when all logic and statistics still dont show such opportunity... .. YET
. Nice post To all when BTC unwound fro 20k in dec of 2017 to 6 k in 2018 hashrate increased more than 3x look at price from dec 2017 to late 2018  look at hash from 2017 to oct 2018  so hash went from 12 to 53 as price dropped from 20 to 6. So are we simply repeating the big hash build up of 2018 if so we have 2x the rate to go as btc unwinds out of the 30-70 slot it has been in since dec 2020. Personally it may not happen as power may get costly. and we may not go to 600eh by years end. time will tell |
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If you made it clear to your fund manager to not create excessive short-term gains you should find a different manager.
Yeah, I told them not to use that one particular manager on my accounts moving forward. Admitted he got a bit too aggressive in one of my accounts. First world problems of the highest order I guess... #blessed I watched this happen to three friends in the 90s during the dot com boom. They all made a killing amazon and a few other stocks. Their manager did four years in a row over 25% returns on their managed accounts. It created pressure on the manager to keep those returns going and he eventually had a shit ton of churning. They got stuck with a lot of short term tax. I was begging them to cash a large piece of their accounts say 14 mill pay the tax and buy 30 year tbills at 8 % this was 1998 they would have 10 mill at 8% for 30 years in a row. they were 55 56 65 years old. one of them did cash 3 mill and buy bonds he thanks me to this day. |
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once your cards are paid off just mine. and mine and mine and mine and mine.
I don't understand why this is a good idea. If you think the market will crash at a certain time, why not sell the cards right before that, then bet on buying them back later at a much lower price? Even after the inconvenience & fees of selling as well as the missed profit, it could make sense. You would end up with more hashrate for the same price, if your goal is to stack coins at low diff. When miners bring up the idea of "ROI'd video cards", it sounds like the classic sunk cost fallacy to me. Let's consider the RTX 3060's that I bought last month for $550 each. As of today, I lost money on that investment because the same card now costs $440, and I only made $50 of mining profit in the meantime. I would be an idiot to tell myself I didn't lose $60 so far. Back in 2019 I bought GTX 1060 cards for $140 each, then made $400 of profit on each card by April 2021. I "made ROI" many times over on the investment. However, I was worried that ETH price was going to peak, so I sold off the rig for $350 per card in May. I turned out to be wrong. But if I were correct and the value crashed back to $140/card, there's no way I could have made $210 of profit beforehand. Of course, if one thinks it's impossible to time the market, then I agree that buying/selling cards is a bad idea. But I don't think the GPU market is an efficient market like the stock exchange. If you are debt free and there is a huge crash you can hodl the gear. Wait for it to bounce back. Back in spring/summer/fall 2020 eth began a rebound. All the 1000 series cards went back up to msrp by Jan 2021 . I sold 1080ti at 2018 prices of 660-700 As long as you are not overextended in debt mining and mining and mining and mining is better than selling when you think you should sell. I had 65 1080s sold some but mostly mined them in 2018 2019 2020 even when prices sucked. in 2019 my 1080tis earned 25 cents a day and i mined them. In fact I still mine four 1080ti my evga hybrid. they do 140 mh |
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Fair Warning: Prolly gonna "panic sell" a block at $40k, after removing, and then putting less coin back up on an exchange just now.
Running into a bit of a liquidity squeeze on the ranch project due to cost overruns. Gonna take some pressure off for the rest of the year, and top off some accounts I've had to draw down on.
Responsible adulting is stressful, yo.
Tax season was rough this year; got dinged for short-term gains in some of my managed portfolios. Gave the managers a ration of shit and told them to minimize those events moving forward, which was the entire point of starting that fund to begin with.
Goddamnit.
If you made it clear to your fund manager to not create excessive short-term gains you should find a different manager. |
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Second is that there are new gen video cards being released soon so people are waiting for those.
Miners who are waiting for next-gen cards will be disappointed. But you're right about the newer cards being very useful to gamers because of the high TFLOPs. So if gamers currently are 60% of the buyers of the market and they're waiting, that would drive prices down. "waiting" is one of the most stupid thing you'll hear about mining. (happened with the 3090s and 3080's before the bull run LOL...waiting for the market to go bull and then paid almost double MSRP  , if you can't mine in a non bull market then there is a huge chance you won't last long here) ROI'd cards is still better than the latest and greatest/biggest and baddest that "will be" released...fast forward to the future--that great card is released then buy it, and you still have the ROI'd cards you bought in the past.(or in worse scenario the cards are still about to get ROI'd, but it is on its way.) if you can make money now, do it now. it is that simple. worry about selling/upgrading when heat and space is maxed out, if you are "maxed out" already then you are in the "optimizing stage" of mining, things change a bit..but profit and ROI first above all else. once your cards are paid off just mine. and mine and mine and mine and mine. |
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If you are afraid to open the card and add a pad you can lower the ram settings. plus hit the backplate with a fan
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Okies  Thanks. My mining rig may just be so slow that trying to mine LTC is a waste of time etc. Thanks for the info though, it helps do not use that pool. 3gh is more than enough to earn and should show asap. you want to mine at viabtc. you can use my referral https://www.viabtc.com/signup?refer=257609or just go to www.viabtc.comyou will earn ltc and doge 3gh earns about $4.50 in ltc and $ 10.00 in doge. every day you earn that much you simply need to do pps+ method and give them a LTC addy along with a Doge addy. pm me to setup on via btc if you need help. I will help you set up wether you use my referral or not. |
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As the market was starting to show some life in summer and fall 2020. I grabbed some nice msi 5600 xt gaming at 230 each. so 230 usd for 38mh at 95 watts at the wall. everyone works as i type and i can sell them used for 400 on ebay. https://www.ebay.com/itm/325089409290?he wants 459 so 399 is good. maybe 379. so how is the market flooded or dead. nothing to see here mine on. oh 4000 series will all be lhr (you heard it here first) and eth will not go to pos unless eth drops under 1k they will do pos to ‘save the market’ far better than doing pos at 3000 a coin and watching it drop to 900 than pos crashed everything. |
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https://www.bitrawr.com/difficulty-estimator
Latest Block: 733865 (8 minutes ago)
Current Pace: 123.9897% (42 / 33.87 expected, 8.13 ahead)
Previous Difficulty: 28225928151211.1
Current Difficulty: 29794407589312.08
Next Difficulty: between 30082288860238 and 38799482682432
Next Difficulty Change: between +0.9662% and +30.2240%
Previous Retarget: Today at 11:04 AM (+5.5569%)
Next Retarget (earliest): May 8, 2022 at 6:03 PM (in 11d 1h 20m 40s)
Next Retarget (latest): May 11, 2022 at 8:23 AM (in 13d 15h 40m 25s)
Projected Epoch Length: between 11d 6h 59m 24s and 13d 21h 19m 10s
solid jump of 5.55%
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https://www.bitrawr.com/difficulty-estimator
Latest Block: 733798 (3 minutes ago)
Current Pace: 105.2054% (1991 / 1892.49 expected, 98.51 ahead)
Previous Difficulty: 28587155782195.14
Current Difficulty: 28225928151211.1
Next Difficulty: between 29698347474028 and 29698585752495
Next Difficulty Change: between +5.2165% and +5.2174%
Previous Retarget: April 14, 2022 at 4:43 AM (-1.2636%)
Next Retarget (earliest): Today at 12:06 PM (in 0d 3h 57m 37s)
Next Retarget (latest): Today at 12:06 PM (in 0d 3h 57m 47s)
Projected Epoch Length: between 13d 7h 22m 30s and 13d 7h 22m 39s
And in the last 23 hours we made about 152 blocks and are now headed to do close to 5.35% price is about 39k to put it in perspective s17 set to 1500 watts can do 48th 36 kwatts a day makes $8.41 or 15 cent power = 5.40 cost and 3.01 profit 10 cent power = 3.60 cost and 4.81 profit 5 cent power = 1.80 cost and 6.61 profit numbers like this mean hash rate growth I would argue if we are to bottom out hashrate needs to 2.5x increase this year. Or for miners it is still a crab market = sideways If we get to 5/6 cent power at break even at 39000 price the diff will be over 60t. At some point cheap power will not be there. Not sure when and if that is going to happen. Does anyone know how bad covid is in China ? I am reading about a lot of lockdowns.
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It's Over
Graphic card stores are now panicking because many GPUs are flooding the market and they feel at loss because no one is buying them and the old GPUs they have in stores can't be sold at high price like before, I pity them though since they bought them out the country and can't sell, no one is willing to buy right now in my country, it is what it is.
The only ones I'm seeing in stock for MSRP are the low hashrate models, which I wouldn't want to buy anyway. Are you seeing Founders Editions for MSRP somewhere? I'd love to hear where because I could stand to pick up a few more GPUs. Although, I may wait a couple of months to see if there's an official release date for the 4xxx series cards from Nvidia. That would also mean avoiding the summer heat and loading up for winter, which is always my preference. I'm still mining with 1080ti's and VII's so I may just wait for the 4xxx series, but if I were seeing 3080s or 3090s for MSRP that could do their full hashrate, it would be a decision I had to make. evga 3090 ftw3 at 1699 vs 2069 if you get them direct from evga.com i have a 3% code. |
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Imagine a crypto mining world without a calculator Those calculators have a big role to play when building a crypto farm, I believe that whattomine dot com is not a joke crypto calculator cos I have found that its the most accurate, other factors relies entirely on crypto market and thats not calculators fault. But the problem is these websites mislead newcomers into only caring about profit tomorrow. They don't have big bold red disclaimer text saying "Our calculations are only an estimate. Pay attention to the market value of your equipment". If a newbie really wants to learn about the GPU mining market, they should create a feeBay account then look up historical GPU prices with the Terapeak seller tool. They should look at ETH revenue on Bitinfocharts over the past 5 years. I haven't seen a single mining calculator site put effort into taking account hardware price, let alone coin prices. Because mining is a bit of an art form. It is not pure science. Guessing well helps. was buying a 3090 for 2300 on july 1 2021 worth it yes it was. it mined for three-hundred days and netted at least 6 a day or 1800 You can bet your bottom dollar It would sell for over 1000 so 2300 in and 2800 back 10 months later. I I buy the same card new today it would be around 1750 an evga 3090 ftw3. |
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Of course, you know fools.
BTC and LN may have killed mining when blocks are:
3.125 btc --------2024
1.5625 btc ------ 2028
0.78125 btc ----- 2032
0.390625 btc----- 2036
0.1953125 btc --- 2040
0.09765625 btc -- 2044
0.038828125 btc - 2048 7 ½ ings away. I will be 91 and likely not care too much
But I think Elon has enough wealth to hedge. which is what he is doing.
Oh gawd...... Is it even possible that both you and Elon are goofy and delirious as fuck in the same synchronized direction to not understand bitcoin.. and have dumb ideas even though both of you should know better? What a strange world it is. Say it is not so. Wake me up, at some point. This guy is man of his words philipma1957. I was looking for another discussion but found this one. So after a 3.08% jump does mining look better? Some More reasons mining can become profitable: super mining centers may be a victim of terror , earthquake, fire, flooding. Too many eggs in a basket run big losses. We all should remember what happened when WD hdd plant flooded. Or right now as I type Israel and Gaza are tossing missiles back and forth. God forbid one drops into the sp30 plant. Or the next Tsunami hits and floods something in china. Concentration of large power sucking btc mines is asking for a plant to be destroyed one way or another. some big mines here at this link are all in 1 spot. http://blockchain.info/poolsthere is a solo address with 5% another solo address with 4% a third solo address with 1% this trend will lead to a crash and burn of a big plant it is just the way things work. To say BTC mining will never be profitable is silly. To say BTC mining may be hard to make a profit is better.But if you are in position like right now (next jump is 10 or more days) and coins jump overnight to 1200usd you make a ton of money in the next 10 days or so. You can grant as much credibility as you like regarding various limitations that seems to have in Philip's thinking regarding the future direction of bitcoin's mining incentives. I am not even saying that some of the things that he says do not make sense, and it hardly seems very relevant if Philip may have said some smart things in the past that you should grant credibility to his various current nonsense speculations regarding what he believes to be problematic future bitcoin incentives... Of course, do what you like, if you need a sorcerer because there is no need to even suggest that I am proclaiming that Philip does not make sensible posts from time to time, even though I will also assert that he spouts out a lot of negative speculation based on limit facts, too. Anyhow, his speculation that bitcoin mining has incentive challenges 6-7 halvenings down the road comes off as way too premature to be scaremongering about supposed negative impacts of bitcoin rewards - when there are a whole hell of a lot of matters/factors that go into the bitcoin mining incentive formula - including various bitcoin adoption angles that need to play out and also affect BTC prices too.. whether we have activities on layer 1, 2, 3 and/or various interactions and transactions within each of those layers that incentivize the other layers within that.. And, seems to me that just the incentives of BIGGER and BIGGER players (who may get involved in mining too) to want to secure their historical coins/accumulations rather than being directly motivated by block rewards (part of the rationale that block rewards could go down to effectively zero and incentives to mine bitcoin will remain). Maybe part of my point remains that there are too many unknowns into bitcoin's future to be becoming all doomy and gloomy about some kind of bitcoin mining incentives spiral which historically Philip seems to harp on those kinds of simple formulas a lot, and I am not even saying to ignore those ideas completely but they seems to be of way less immediate concern and to have way too many variables that they are really not actionable in the here and now.. so why fearmonger about them? In some sense it was like the supposed professor Stolfi coming into this thread and showing us how smart he was about the hundreds of fringe ways that bitcoin could spiral to the ground, and surely none of the proposals that Stolfi was making were untrue - but they have not played out very well historically to get caught up in the weeds of doom and gloom and projecting those kinds of negative scenarios when not accounting for some other facts, or sometimes more likely scenarios or even some unknowable facts... Of course, Philip is no Stolfi, but directionally we can still go down the road of similar kinds of problems to be placing too much emphasis on too few facts to reach conclusions that could happen but there is not enough information to really get all worked up about those kinds of potentially negative scenarios way too prematurely. my idle speculation on btc and doge futures was done to show why I think Elon Musk practice’s a dual approach to coins. Please remember that if you have over sixty billion in wealth playing with BTC and Doge makes perfect sense. I would not dis Elon until he decides eth is the way to go then he could go fuck himself as eth is a sad joke of a coin. |
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