Bitcoin Forum
July 14, 2024, 06:36:29 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 [436] 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 ... 2312 »
8701  Alternate cryptocurrencies / Mining (Altcoins) / Re: Wich ASIC did you choose to mine NOW? on: September 19, 2021, 03:01:41 AM
thank you for your help

Do not buy ASICs for Ethereum mining, because Ethereum mining will end soon.

some people says ethereum always says the same. A promise that next ethereum be 99% less expensive in electricity. Did you think is true?
I think Ethereum will switch to the PIC algorithm in the next 6 months.
Therefore, I suggested that you consider a universal option - a video card. Video cards will still be valid for many years, and in 1 year you can recoup about 50% of the investment or more.
Despite the fact that the ASIC is easier to maintain, but the video cards have a 3-year warranty.

PIC algo? Is that a typo? Haven't heard of it. Did you mean POS. Because a few years back they were suppose to switch to ProgPOW and basically after months and months of debate and going back and forth. And after hundreds of thousands of dollars wasted on coding, developement, testing and audits. They didn't go along with it.

I dont' think they will switch to any algo. They were going to switch and many of the ETH maxis got upset that they devoted time and money on switching the algo when they should of just moved to POS. Their reasoning was that ASICs weren't a threat for a 51% attack and they left it at that. SO unless there is some fast ASIC that comes out, they wont switch the algos.
Thank you, I fixed the error.
I think that buying a newbie Bitmain Antminer L7 9500 MH / s is not worth it. The breakdown of such an ASIC will lead to large losses.
Therefore, I prefer video cards for $ 500-1500.

Well i have around 100 gpus and consider them to be,something a miner should have.

as to L7 it has a big upside and a big down side.


so taking a flyer on one is not that bad.

a few good sha units like the s19pro

seems okay.
8702  Bitcoin / Mining / Re: Bitcoin price for mining rentability on: September 19, 2021, 02:47:41 AM
Hi guys!

I wanna have some advices from you, I'm planing on buyin some bitcoin miners (avalon 840) they have an individual electric consomptions that is not really hight I know but because I wan to buy like 200 the annual bil will be around 50k$ acording to the electricity prices in y country, and I calculated that to be able to pay the fees and the bills that i need to maintain the thing runing I need a Bitcoin price of around 12.5k$ so here comes my question for you guys,
- Do you thing that the bitcoin price will go under the 13k$ bar? and
 and if u hade an experience with this particular miner I want to know what do you think about it.

Thank's to anyone that answers!


Okay they do 10-12tb so 2000-2400 if you have 200.

2000 x .32 = 640 a day x 365 = over 200k

minus your bill of 50k for power means over 150k profit in a year.

first how much are you paying?
second is the gear coming from a good seller?
third two hundred pieces will make heat. so how do you cool gear.
fourth you need a lot of wires etc to set it up.

next does price drop?
does the diff jump?

all in all maybe you are in over your head if you never ran a farm with 200 pieces shit happens.
8703  Bitcoin / Hardware / Re: S19 repeated fan failures on: September 18, 2021, 07:10:09 PM
Fans are replaceable.


https://shop.bitmain.com/product/detail?pid=000202102181332481369Jo8K54n063B


8704  Alternate cryptocurrencies / Mining (Altcoins) / Re: Now that most of RTX 3070 on sale are LHR, what Nvidia GPUS to buy? on: September 18, 2021, 05:17:07 PM
my a4000 were 1167 with tax and shipping  and a 1.5%  discount . so about 1152

a 6800xt is a bit more.

I also like the 1 slot aspect of them.

Of course they all sold out at 1167 and are now 1200 plus tax to 1399 plus tax.


Not worth 1300-1500 with the tax.

but okay at 1152 total
8705  Alternate cryptocurrencies / Mining (Altcoins) / Re: Now that most of RTX 3070 on sale are LHR, what Nvidia GPUS to buy? on: September 18, 2021, 12:28:09 PM
Hi Bitcointalk community,

2 months ago I bought a GPU it was a RTX 3070 (not LHR) and I was thinking to continue buying more RTX 3070 (not LHR). Now I browse on Ebay.ca and was surprised to realized that there's no more RTX 3700 (not LHR), they are all LHR.

I would like to hear from you, what Nvidia GPUs are you now buying on the market?
In term of efficiency (hashrate per watt) I came to the conclusion that the RTX 3070 was the best to mine ETH.

Thank you in advance.

rtx a4000
RTX 4000 is a low power GPU compare to rtx3070, RTX4000 does 36MH max mining Ethereum and rtx3070 does 60MH+ if it's not the LHR version, the RTX4000 is comparable to AMD 6600XT instead

you should delete your misinformation. while it is true about the rtx 4000 it does not apply to

the rtx a4000 as it is a very good card.

 I have 7 doing 57 mh at 125 watts

we ordered 18 in total and now have 13 delivered

here are 7 mining as I type

8706  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 18, 2021, 04:15:04 AM

Ribeye, Med-Rare... Prime Rib, dab of horseradish... Ground Chuck, wrapped in Bacon...


Dude.. lose the rib eye (not the horse radish though ) and go with strip steak, cut extra thick, cooked in cast iron skillet on high heat to sear and create Maillard reaction. Medium rare.
Baked potato with sour cream, butter and chives, roasted head of broccoli with olive oil and infused garlic cloves...
Smoke a fatty and indulge. Its's one of life's simple pleasures.  (in my book anyway...)


I like slow baked brisket.

put it in a large lasagna pan. fat side up. four oz of filtered water. some pink hymalian salt. a teaspoon of fresh rosemary leaves a diced onion 🧅.

first pour the 4oz of filtered water.
lay the brisket in it fat side up
spread the  🎲  diced onion on the fat side.
sprinkle the rosemary on the diced onions
cover the pan with aluminum foil.
place in oven at 220 f

cook for 12 hours.
open the tray slice the meat put it in a large bowl
add all the juice from the tray.
cover bowl top with tin foil
let sit for 30 min.

meat is tender and juicy 

use only grass fed brisket.


so i also like eating vegintarians
salt the fat side of the brisket.
8707  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 18, 2021, 04:02:52 AM
....
Nonsense! Nearly Everything I eat was a Vegetarian!

What.... are you a cannibal or something?

Wazzup buddy?


I was thinking he is eating vegetarian’s muffs.

i was thinking he is eating cows.

hmmm you sir are correct.
8708  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 18, 2021, 12:29:23 AM
....
Nonsense! Nearly Everything I eat was a Vegetarian!

What.... are you a cannibal or something?

Wazzup buddy?


I was thinking he is eating vegetarian’s muffs.
8709  Bitcoin / Mining / Re: You Can't Mine Bitcoin Profitably on: September 17, 2021, 11:31:35 PM
Excuse my provocative title  Smiley

I am finding that except for a narrow range of BTC price rise, it is better to buy BTC than to mine it.

I have been looking at buying Antminer S19j Pro 100 TH (3250W) from compassmining using their hosting ($.0624/kWH) and F2 pool (1.2%)

It costs 8000 (after 3% credit card fee).

Assuming a starting BTC price of $30,000, with starting difficulty at 1.4363, with both increasing at 4.4% per month:

After 3 years:

 - ROI of mining - 181%
 - ROI of purchasing BTC - 351%

Change the BTC price rising to 6.5% per month, which corresponds to BTC doubling every year:

 - ROI of mining - 337%
 - ROI of purchasing BTC - 806%

If BTC rises only 1% per month, then the ROI of each about the same.

 - ROI of mining - 40%
 - ROI of purchasing BTC - 42%

At less than 1% rise per month, mining does better than purchasing.

So, you can't mine BTC profitably at current miner prices and hosting fees at compassmining.

Prove me wrong!
 


Okay your math is good but

I can cherry pick and show opposite numbers  with ease.

here goes

I take cash and buy an s19pro when btc was 10k I am charged .25 btc but I purchased the miner with cash via my bank.

So pretend I purchased the coin and hodl. I now have .25 btc = 7875 usd

or I got the miner On Jan 1 2021 it has mined steady since then or about 195 days.

Now 110th x 195days = 21450th in a day  if you please.




coin price and earning price has been all over the place. Up down left right

but 21450 x 28 cents = 6006 My mining dealing is 1/2 goes to the host or 3003

So I have 3003 in my pocket and a used s19pro which I can sell right here right now for over 5000

So 3003+5000 = 8003  and I put in 2500

if I did coin the coin is 7875

So I am better off with the gear as of today. Never mind my tax breaks  I get for mining over buy and hold the coin.

Of course you can say I could of sold the .25 btc for as high as 16k. yeah the s19pro used was over 14k.

Now if the s19pro breaks on me I am fucked but if btc tanks to 10k I am back to where I was.

So basically as long as your gear does not break and turns daily profits you are not fucked mining.

Actually mining is a completely different animal than buy and hodl.



I'd like to run your numbers through my spreadsheet.

What is the 28 cents?

Your mining pool takes 50%??

What is your electricity rate?

my power rate is ½ the coins mined.

28 cents is current viabtc payout for 1 th of hash rate.

so a 110th is really 55th as  i gave ½ the coins.

I know that since i got the machine in jan i have been paid as high 50 cents a th and as low as 17 cents a th.  so

110 x 195 days of mining = 21450 th x 28 cents is 6000 usd worth of coin

divide by 2 you get 3000 usd. why because I pay ½ the coin i mine which is ½ of 6000 or 3000

so i used 2500 bank order  when coins were 10000. i could have 7875 in coin buy and hodl.

or. 3000 from mined coin and a s19pro that i can get 5000 easy peasy thus i have 8000 .

actiualy really more as i could get more like 6000 for the unit which would be 9000

and in coin i would have  7875.

the math is correct as it really happened for me with the one s19pro i own.

but if the gear broke i would be fucked .

Simply put if you cherry pick you can make either   one mining or  buy and hodl.

Miners tend to not hodl coin. we take sure profit and less risk.

buy and hodl can be a killer.

buy a coin at 10k and it shot to 64k you kept hodling and now it is 32k

ugh.

meanwhile i mine prices drop from 64k to 32k but diff dropped from 25 to 14.3

my cash earnings are about 500 a day for the mine. my may earnings last time coins were 64 k were about 500 a day. no loss in cash.

my coin earnings were .0047 a day in may
my coin earnings are about 0.0088 a day in july.

so as a miner i am still in bull mode.

i hodl some of my coins and right now that is bearish.

so i have a built in hedge that a coin buyer. does not have.

so to visit this add 60 days of mining say .30 cents a th. or 33 a day x 60 =  1980 say 2k

my fee is ½ the coins or 1000

so i am at 4000 in coins and the gear is worth 9000

that is 13000. buying and holding is .25 x 48000 = 12000

so i am at 13000 and the buy and hold guy is at 12000

i calculated the coin value as turned to cash.

so i started with 2500 cash and got back 4000 cash a certain profit of 1500 no matter what happens.

yeah my gear can brick but no matter what I am 1500 ahead.


while the guy that purchased .25 btc and held has no certain profit since he hodl.

so if btc crashes his 12000 is at risk much as my 9000 value for the used s19pro.

I really dont like tossing buy and hodl against buy gear and mine comparisons since they are completely different animal.

so far the  buy and mine is working into a price increase from 10 k to 48k.

and i make my mined coin into cash. on a fast basis.

of course the s19 pro can brick 🧱 which may be a bigger risk than coins tanking to 16k

 
8710  Alternate cryptocurrencies / Mining (Altcoins) / Re: Wich ASIC did you choose to mine NOW? on: September 17, 2021, 08:56:59 PM
at op.

I suggest

2 s19pro

2 L7

and one good gpu rig.

thats close to 60k.

should be good way to start.
8711  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 17, 2021, 08:49:52 PM

Just tested negative for COVID-19, so I'm out of the woods, and Rick and I both have a robust natural immunity now.


Have you lost your sense of taste or smell?

You only lose those if u'r low on Zinc & Copper. (the ratio is like 10 to 1)

*Edit(): Usually if u don't eat meat & stuff.(other living creatures)

So covid 19 is whacking vegetarians more than red meat 🥩 eaters.

works for me as I am not a fan of vegetarian 🌱 eating.
8712  Bitcoin / Mining / Re: Anyone have experience with preorders from Brokers/Vendors on: September 17, 2021, 06:33:01 PM
Most of the brokers are going to be pricey at this point in the bull market. If you find a broker that is selling at a discount that would usually be a red flag for me to look alot further into them before I even thought about possibly ordering from them. If the price seems to be to good to be true then it probably is.

there is no such thing as cheap.

there has been a long run of good mining for

gpus

ltc/doge

btc

all gear above ⬆️ is priced high.

it is likely you will get gear from akminer if you are clicking t9 the right site like mikeywith mentioned.

it is all going to be pricey.

asic gear is 3x to 6x the price it was in summer of 2020.

so the bet is no crash til i roi.

frankly i find all sha 256 over priced at the moment. I have been getting gpus.

could be a mistake on my part.
8713  Alternate cryptocurrencies / Mining (Altcoins) / Re: Now that most of RTX 3070 on sale are LHR, what Nvidia GPUS to buy? on: September 17, 2021, 05:09:48 PM
Hi Bitcointalk community,

2 months ago I bought a GPU it was a RTX 3070 (not LHR) and I was thinking to continue buying more RTX 3070 (not LHR). Now I browse on Ebay.ca and was surprised to realized that there's no more RTX 3700 (not LHR), they are all LHR.

I would like to hear from you, what Nvidia GPUs are you now buying on the market?
In term of efficiency (hashrate per watt) I came to the conclusion that the RTX 3070 was the best to mine ETH.

Thank you in advance.

rtx a4000
8714  Alternate cryptocurrencies / Mining (Altcoins) / Re: Number 9! Ninth altcoin thread. Back to the moon Baby! on: September 17, 2021, 05:06:24 PM
philipma1957 - how would you rank BTC miner companies?

1. Bitmain
2. Whatsminer
3. Innosilicon
4. Avalon
5 the rest...?

Thanks in advance

They all are good or bad or indifferent.

I have used all of them with mixed results.

I do prefer Avalon since they stick to only sha 256.
8715  Alternate cryptocurrencies / Mining (Altcoins) / Re: Crypto feel good story: Texas kids make $32,000/month mining ethereum on: September 17, 2021, 04:06:39 PM
Yeah there are a few people in my social circle that heard that I am in crypto. And every few months or so, usually during bull markets I get texts and calls about them wanting to join in and get involved.

It usually goes 1 or 2 ways.

First one is some guy who says they got like $10K and they want me to turn it into "only $100K" doing something crypto related. Like making 10x gains is something that is easily done.

Another is someone who wants to mine. They are mad that they can't use their Smartphone, Laptop or i3 desktop. They ask if they invest $1K in "crypto hardware" how long until their $1K investment becomes $100K?

Usually conversation ends in them thinking I am lying to them and keep it a secret to reap all the benefits or they discover that crypto might not be a "get rich quick" scheme.

Reason where I live too many people fall for scams --> "get rich quick", I guess the media hypes bitcoin so much after it have gone up up and up and then after that sheeps want in then bitcoin starts going down down and then down, that is one way they lose money if they do the trades themselves, the other way is when those people give money to people to do crypto trades for them, most in the end get scammed. There were scammers promising 10% every month and people believed, in the end none of them got their money back, thieves scammed them all, time to time shows people losing money they have saved their entire life, I mean how somebody can believe 10% back every month from doing nothing? Anyway, I never tell to anybody what I do, too risky, better to keep it in secret. If I was a scammer I would have become a billionaire in few days, those people are willingly to give all their money they have, you dont actually need to do much to convince them crypto will go up forever hehe, thankgod I have principles, what is mine is mine, if I win is mine if I lose, I lose what was mine, too many evil people in the world and idiots who give their life savings so easily to somebody they dont even know, need to watch out.

here is one line you can use to repel nagging clueless social circle noobs who can't/won't/don't understand anything, blinded by get rich quick attempt with no brains behind any action/s taken/to be taken.

me: ..i was recommending it back then (2013), i got lucky but i'm out, yeah i made money but i have no idea where it is going, can be up or down or anything..i'm done with crypto and i have no more coins left.

I dont even bother, last time a friend came to ask about crypto, I said to him, I dont know anything about it, period.

Anyway, this 32k monthly is pure bs, like I said before, to get that much, need a huge installation plus a lot of money 600k usd minimum and a lot of dedication and work, if a short circuit happens, chances are high that all the hardware will be fried, mining is hard, dangerous and truly not worth the hassle.


Okay pretend you get all rtx a4000 at 1200 a card put them in a 12 card case from minerdude.
1 rig cost 12 x 12 = 14400 + 1200 for case = 15,600

10 cases are 156,000 about 10 x 12 x 57 = 6840 mh most cards ever paid was 15 cents an mh so .15 x 6840 = 1026 a day or

31806 a month pre power based on best day averagr which did not last 30 days in a row.

realistically  they earn 7 cents or   478 a day.


 power at 10 cents is 

1.7kwatts a rig or 17 kwatts for 10 rigs or 408 kwatts a day

that is 41 dollars a day or

478-41= 437 a day or  13,547 a month

so they need 24 cases of 12 cards that is 375000 up front.

the 24 pieces burn 41 kwatts an hour that is 200,000 btu of heat.

my garage with doors open and fans  moving air is 90f on a 10c day I burn 12kwatts an hour max on very cold days.

8716  Bitcoin / Mining speculation / Re: 2021, time for a new general & diff speculation thread... on: September 17, 2021, 03:49:25 PM


So far my guess of +3-4 is off as is my price guess of 49-51k

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

Latest Block:   700951  (16 minutes ago)

Current Pace:   100.7084%  (1400 / 1390.15 expected, 9.85 ahead)


Previous Difficulty:   17615033039278.88                           
Current Difficulty:   18415156832118.24                           
Next Difficulty:   between 18564079236890 and 18579551981591
Next Difficulty Change:   between +0.8087% and +0.8927%
Previous Retarget:   September 7, 2021 at 8:05 PM  (+4.5423%)
Next Retarget (earliest):   Tuesday at 5:43 PM  (in 4d 5h 56m 40s)
Next Retarget (latest):   Tuesday at 5:56 PM  (in 4d 6h 9m 54s)
Projected Epoch Length:   between 13d 21h 38m 11s and 13d 21h 51m 26s


30% left
8717  Bitcoin / Pools / Re: mmpool.org - 1.5% fee DGM/PPS - tx fees/vardiff/merge mine/tor on: September 17, 2021, 03:41:34 PM
Anyone knows how to connect to this pool ?

I have a good return with nicehash pool tester, but when I put the stratum address in my own asics it's always "dead"

Is this pool "sure" ? news from admin ?

the pool works with older asic  firmware

I point an s9 and a s15 to it

it does not accept my s17

Basically I am one of two miners left on it.

I am number 4 on this list


http://mmpool.org/statistics

actually

I am numbers 3,4,5,6,7,8.  I stick around since those 6 miners add to over


0.710 btc


the top guy tosses some hash at it  right number he has a lot pointed at it.
8718  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 17, 2021, 03:31:56 AM
are there any situations when having battery in, but phone off can affect anything?
A genuine question.

if the battery is in, some part of the phone is on, even if its just something that looks for the power button to be pressed. who knows what else could be powered when the battery is in it but "dormant" (idle) waiting for some trigger.

no battery is the only way to be sure its really, really off instead of some kind of "soft" off mode.

A faraday shield is more convenient.


https://www.amazon.com/gp/product/B07NW77BS6/ref=ox_sc_act_title_1?


https://www.amazon.com/gp/product/B07R4MV6XQ/ref=ox_sc_act_title_1?


I have both of the above and use them. They are pretty much foolproof when combined.

I have never been able to call my phone if in the soft case and it is in the stainless steel box.

Also waterproofs and protects against fire.  you can do 2 in the soft cases and they will both fit in the metal box.

8719  Alternate cryptocurrencies / Mining (Altcoins) / Re: Rtx 3090 or 3080 LHR for mining with NiceHash ?… on: September 17, 2021, 02:01:11 AM
What would you choose for mining with NH the 3080 LHR or the 3090 ?
Any future proof decision (if any ?!)…

Of course considering the fact MSRP prices and the 3090 is DOUBLE the price of a 3080

Buy 3 6600 xt at 500 each or less if you can.

the problem am having i can NOT source a single graphics cards where am living right now (Turkey) as they are outrageously expensive ! i have one option only to get few cards from canada (through a friend) but buying 10x 6600 XT is not an easy option Cheesy

id prefer buying LESS cards with more hashrate, so should i get the 3090, 3080 ((LHR)) or 3080 Ti ((LHR)) ? what is my best bet here ? i cant find any 3080 Non-LHR !...

thanks,

look for a rtx a4000  
ebay canada has them
https://www.ebay.com/itm/334143280401? note I am clueless to the seller.  But if I did not have 18 of them I will buy more even at the bump up price you see.


 

  I have 18 of them 7 are running right now. 11 on the way.  far better then a lhr 3080.
8720  Alternate cryptocurrencies / Mining (Altcoins) / Re: I'm jsut starting, please help. on: September 16, 2021, 11:02:58 PM
He has a system.  At op where do you live ?

 if in the usa  I can sell you 1 card at a decent price to get you started

 sell the 970 on ebay or craigslist.
Pages: « 1 ... 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 [436] 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 ... 2312 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!