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7921  Alternate cryptocurrencies / Mining (Altcoins) / Re: SATA to 6-pin PCI-E connector on: May 12, 2022, 03:40:27 PM
if you take a sata cable  with 2 sata jacks and run 1 riser with that adapter it should work. just 1 riser.


if you take two separate sata cables and feed that adapter into 1 riser it would surely work.
7922  Economy / Economics / Re: Is TERRA/Luna kickstarting a new Bitcoin Standard? on: May 12, 2022, 03:09:10 PM
We are in May only, plenty of time to nominate something for the Fail of the Year award in Community Award four 2022.
True, plenty of time left but it will have to be spectacular to be bigger fail than this. Then again, knowing how unpredictable crypto market is, nothing is impossible.


How come so many people are still so gullible/greedy after all those years of ICO scams and premined shitcoins?
Because there is constant influx of new people, while older ones that went through 2017 ICO boom and are still buying shitcoins like LUNA are nothing but degenerate gamblers.



Theories on what really happened today are popping all over the internet, this is another one I stumbled upon in one Discord group. Dunno if it really makes sense but here it is:

Quote
Blackrock and Citadel borrowed 100K BTC from Gemini (it appears in their loan book). They swapped 25K of that BTC into UST; this was all done quietly in anticipation of the attack. When the time was right, they called up Do Kwon at Terra Foundation and said they wanted to sell a lot of BTC for UST. As it was a large trade they told him they didn't want to move the market and asked if he would like to buy their large block of BTC at a discount for UST. Do Kwan took the bait. He gave them a huge chunk of UST, thus lowering the UST liquidity significantly.

At that point, Blackrock/Citadel dumped all of the BTC and UST causing massive slippage and triggering a cascade of forced selling in both assets. The real problem was Blackrock/Citadel knew that Anchor, which holds a lot of LUNA, was a Ponzi scheme (they offer 20% staking APY for Christsake) and this crash would trigger more withdrawals than Anchor can repay. These forced withdrawals and selling would trigger a massive selloff in Luna, thus further breaking the $1 peg and wrecking the market further. Blackrock and Citadel can now buy the BTC back cheaply to repay the loan and pocket the difference. Meanwhile, billions of longs and Bitcoin VaR were wiped out.

This was pure market manipulation.

No it was deliberate destruction of a ponzi scheme.

20% interest yeah how that work out. I would like to think it is a true story and luna/ust has been killed.
7923  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 12, 2022, 02:44:24 PM
LUNA down to $0.02.

It's funny, but I do feel for those who have lost all their money on it. I know it's their fault for buying shitcoins, but the scammers running these things deserve way more blame.

solid  never needed more than 1 “stable” coin in the first place.

so luna/ust = dead ☠️
7924  Bitcoin / Mining / Re: What is the advantages to mine in USA ? on: May 12, 2022, 12:53:55 PM
If you sell a used machine is consider a sale, righ?

maybe.

but you need to determine its cost.

that can be complex.

7925  Economy / Speculation / Re: Bitcoin 2018 vs 2022 on: May 12, 2022, 09:33:57 AM
40% drop right now would put Bitcoin at $20,000. That's the top of the previous cycle. Bitcoin never fell to the price level of the top of the previous cycle. Of course there's a first time for everything, but purely from the long-term trend, it is unlikely. The bottom of this cycle should be much higher than $20,000 - somewhere at $27-29,000. Maybe it will briefly touch $25,000 if there's some foreseen event that could cause such panic.

well we blew past 26k

25.3k on coin base and a few other exchanges.

so a brief touch near 25k is in

lets hope that is the bottom.
7926  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 12, 2022, 09:19:10 AM
I purchased a bit more..  3 buys for 27 ,26, 25.

I will buy some more over the rest of the dump.

We may go under 22k .

We finally left the boring 28.k to 69.8k range

It lasted from dec 2020 to may 2022

and we really look a lot like 2018.

rising  diff from jan 2018  to oct 2018

falling price from jan 2018 to oct 2018

Some place I posted those 2 charts. Looks to be a repeat of that after all.

To understand why diff rises it is simple a large farm with 8 cent total cost is still in the black even at 26k price for btc


Assume 3.3 not 3.01 so 80kwatts a day say 8 cents  rent ,breakage,power ,labor

that is $6.40 cost a day. 100th is making. 12.23 - 6.40 = 5.83 profit.

which works for a big farm.  this is with 30k price.

at 20k that 100th will do 8.15- 6.40  = 1.75 which is piss poor for a big farm. as they may have paid 7k a unit or more.

If they took a loan and are servicing  debt 💸 it is very likely they go bankrupt.

But you need an extended time at 20k to really crash big farms.

look at current diff it is +3%  which means big farms are grinding away.

Quote
https://www.bitrawr.com/difficulty-estimator

Latest Block:   735998  (28 minutes ago)

Current Pace:   103.8034%  (159 / 153.17 expected, 5.83 ahead)

Previous Difficulty:   29794407589312.08                            
Current Difficulty:   31251101365711.12                            
Next Difficulty:   between 31426821229651 and 32448536370230
Next Difficulty Change:   between +0.5623% and +3.8317%
Previous Retarget:   Yesterday at 7:40 PM  (+4.8892%)
Next Retarget (earliest):   May 24, 2022 at 7:22 AM  (in 12d 10h 9m 35s)
Next Retarget (latest):   May 24, 2022 at 5:48 PM  (in 12d 20h 36m 20s)
Projected Epoch Length:   between 13d 11h 41m 19s and 13d 22h 8m 4s

If we are to fully get to a true low based on large farm mining the price needs to be 20k the best news is diff is rising as I type.(+0.08%) It means the big miners are still in the black and are looking to grind this out.

I see  at least 90 nasty days ahead if the low is end is shortened.

and 2 years if we are normal bear.

The good thing is we just got our 285kwatt solar array approved and financing is done it will be working around July 1 so our power bill will be close to $0 .

This will put us in a better spot than a 4 cent power,rent,labor,breakage cost. per kwatt
7927  Bitcoin / Mining speculation / Re: 2022 Diff thread. on: May 12, 2022, 01:03:31 AM
Assume 3.3 not 3.01 so 80kwatts a day say 8 cents  rent ,breakage,power ,labor

that is $6.40 cost a day. 100th is making. 12.23 - 6.40 = 5.83 profit.

which works for a big farm.  this is with 30k price.

at 20k that 100th will do 8.15- 6.40  = 1.75 which is piss poor for a big farm. as they may have paid 7k a unit or more.

If they took a loan and are servicing  debt 💸 it is very likely they go bankrupt.

But you need an extended time at 20k to really crash big farms.

look at current diff it is +3%  which means big farms are grinding away.

Quote
https://www.bitrawr.com/difficulty-estimator

Latest Block:   735998  (28 minutes ago)

Current Pace:   103.8034%  (159 / 153.17 expected, 5.83 ahead)

Previous Difficulty:   29794407589312.08                           
Current Difficulty:   31251101365711.12                           
Next Difficulty:   between 31426821229651 and 32448536370230
Next Difficulty Change:   between +0.5623% and +3.8317%
Previous Retarget:   Yesterday at 7:40 PM  (+4.8892%)
Next Retarget (earliest):   May 24, 2022 at 7:22 AM  (in 12d 10h 9m 35s)
Next Retarget (latest):   May 24, 2022 at 5:48 PM  (in 12d 20h 36m 20s)
Projected Epoch Length:   between 13d 11h 41m 19s and 13d 22h 8m 4s
7928  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 12, 2022, 12:43:21 AM
I’m thinking this was an attack on bitcoin, not really Luna, but used Luna to attack bitcoin..

Sure they could have shorted UST/Luna and drove it down and made a profit on their short, but isn’t that kind of small potatoes compared to what they could have done shorting Bitcoin at the same time?

I’f they are nefarious actors out to hurt crypto (other than just making a profit), wouldn’t a goal of hurting bitcoin be a better means to that end than going after some stupid shot coin scheme??


I’m thinking, they wanted to tank bitcoin..
Why did they even mess with Luna/UST? Because it was much easier to tank UST, and they did it at just the right time when it was volnerable, and they knew that they would try to prop up UST by SELLING A MASSIVE AMOUNT OF BITCOIN!

Step 1: fast fear flash crash UST.. Get a rally dumping out of fear behind them..
Step 2: Crash Bitcoin with the help of the massive Lunatic Bitcoin dumps trying to scrape up capitol to prop up UST, JUST AS THEY SAID THEY WOULD..

Short Bitcoin, Luna, an UST all the way down..

Prime target.. Bitcoin..
Yep but the real question is how many other attacks with other coins are possible against btc.

btw a lot of coins tanked here so I wonder if a few other coins were shorted.

Ie doge and ltc and of course as you said btc.

If so some serious short money was made.
7929  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 11, 2022, 10:17:42 PM
Well I purchased a piece of btc today.

also move a lot of cash from an exchange account to a bank account.

I am thinking

sub 25k for btc
7930  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 11, 2022, 02:51:25 PM



Who is this lovely figure of a man. A luna-tic?


please note I thought photo was nicely sized and kept it that size.
7931  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 11, 2022, 02:45:04 PM

Quoting my accountant from my former carreer life:

Quote from: Rudolf
My job is basically to make huge wins of my clients look like huge losses in their account balances.


Basically they can't lose, the fees they charge should more than insure a profit.

7932  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 11, 2022, 01:48:41 PM
we got over 31k for a quick minute or two.

https://aggr.trade/



this volatility

will last till that shit coin dies.


How many other coins are pegged to btc like that one was.
7933  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 11, 2022, 01:33:46 PM
Well lets hope they dump it today. dropping btc to 26k and starting the upward climb to 71k. By the end of may as Proudhon has predicted.
7934  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 10, 2022, 03:08:33 PM
The stonk market right now feels exactly like it did around October 2011.

In the spring and summer leading up to 10/2011 there had been a huge rally with the S&P 500 reaching new ATHs.

Then came the crash starting around July 2011.

Once the bottom of market was reached in October, I distinctly remember the fear in the MSM that the market had much further to fall. At least back to July 2010 levels.

It never did.

The stonk market climbed a wall of worry to reach new ATHs by Feb 2012 and never looked back.

Moral of the story: When the MSM starts chanting that the market is going much lower, it probably won't.

Well we are still in the 28.8k to 69.8k slot barely.
7935  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 10, 2022, 10:38:26 AM
Now, I want to kill myself... or at least, take up alcoholism as a hobby.

(Someone, please quote me.)

https://i.imgur.com/yDYL8Uy.png

Before anyone asks...

The liquidator would have dumped much, much more than I shaved off at the bottom.

So, yes, I was lucky to sell at the bottom.

I hope that was the bottom.

done
7936  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 10, 2022, 01:35:50 AM
Wow I woke up proudhon and the greatest bullish statement he has made since 2012.

Is this the end of btc?

At least I got my solar array approvals this week.

my power cost dropped bigly.

this is so 2018.
7937  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 10, 2022, 01:23:52 AM
So did 30k fall

and do we finally leave the artificial

28.8k-69.8k slot

btw as of today my personal guarantee of 70k in may made last year means I may go down as the greatest btc jinx ever.

how bout that jjg?
7938  Bitcoin / Mining / Re: Price drops and the machine prices on: May 10, 2022, 12:37:12 AM
Mikey is correct.

For us to see a gear price drop these prices need to stay here for 2-3 weeks.

Prices will then fade more.

Back in July/August 2020 height of covid shut down I got an s17 at $785 usd.

You need a strong slump that lasts for weeks to push down the prices.

A s17 set to 1500 watts will burn 36 say 40 kwatts a day.

A six cent miner will spend $2.40 a day in power and that miner will do 48th or about  $6.14 a day

so 6.14-2.40 = $3.74 a day profit.

this means a big farm with s17 or s19 is still good.  So no big sell off

but drop price to 20k and daily earn is $3.96

so 3.96-2.40 = 1.56 for an s17  which is shit

so 31k will not crush asic prices
but 20k will crush prices.

in both cases you need 4 weeks at those coin prices .
7939  Alternate cryptocurrencies / Mining (Altcoins) / Re: [Mining OS] SimpleMining.net - Manage Your GPU farm the easy way! (30 days free) on: May 09, 2022, 09:17:58 PM
SimpleMining images update
- SM-i053-5.10.60-1-a20.40-r5.11.38-f21.40.1-n510.60.02 (Updated stable image with new NVIDIA driver required for LHR unlock with nbminer version released yesterday)


Just came here to look at this.  Thanks

old version burns 355 watts at kill a watt meter and does 76-81mh


and we are over 108  with 360 on the watt meter  and just like that 3090s have been crushed


7940  Alternate cryptocurrencies / Mining (Altcoins) / Re: Who've noticed the same ? on: May 09, 2022, 05:45:06 PM
or drop the clock a fraction on the ram.

58 and 176

81 and 190

means you could shoot for

75 and 176 by slowly dropping the ram clock
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