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8841  Bitcoin / Mining speculation / Re: 2021, time for a new general & diff speculation thread... on: September 02, 2021, 12:42:04 AM
That will make 3 and a half months since the ban, what might still come online will probably do in small batches ​so maybe maybe, we won't be seeing anything over 10% ever again.
The lack of difficulty increases is in part due to the chip shortage experienced globally. Mining manufacturers are unable to ship as many miners as they might otherwise be able to due to a lack of chips.

This will take time, but as the chip shortage alleviates, and as more efficient miners are produced, the difficulty will increase.

Yeah but not 2021 maybe late 2022 even early 2023.

So the hash build out could be delayed for as much as  20 months.

Say good supplies in March of 2023.

I would say that would be the most optimistic projection.

Maybe 30t March 3rd 2023.

If that happens miners will end up with 2-2.4 years of solid mining.

But it is an optimistic guess.

The first real clue will be the L7 model due in Nov 2021.

Yeah wrong al gore rhythm but if they make a ludicrous amount of them it would be a sign chips will be had.
If they make a small amount then chips would be scarce.

the L7 makes 200 a day on 3200 watts
the s19 makes 40 a day on 3200 watts
the e9 makes 140 a day on 3000 watts.

so if you can not find chips for the L7 whichs earns a lot more per watt than the s19 I think sha growth will stay very slow.

I apologize in advance for mentioning the other gear for other coins but the availability in nov should help us understand just what is happing chip wise.
8842  Alternate cryptocurrencies / Mining (Altcoins) / Re: Crypto feel good story: Texas kids make $32,000/month mining ethereum on: September 01, 2021, 05:06:06 PM
Feel good story, but truthful? Nah.
Quote
They started mining in March with an old gaming computer, making $1,000 in their first month. For the past month, they made more than $32,000. They use their earnings to buy more mining equipment for their company
Quote
Their main operations are now in an air-conditioned data center in downtown Dallas because the heat and noise were too great to keep confined to a garage.
There's no way they bought all of those GPUs with only their earnings from an old gaming computer, let alone whatever they have in a datacenter. $1000 in profit seems suspect as well.

...but I am curious what kind of setup their dad bought for his kids here. How many motherboards are driving the GPUs in one case/rack?

I did a review on those cases. they are really nice and cost over 1000 usd for a case.

they hold 12 slots

if they run 3090fe cards you can squeeze in 10 cards. they case would do around 1 gh hash.

they mention 9 billion which would be 9 cases.

it would earn 9000 x 7.7 cents a day

the plug n play cases would be 10k
the 90 x 3090 would be  135k

so 145k invested before power setup.

they would burn 🔥 2.9 say 3kwatts a case or 27kwatts an hour that is 20000 kwatts a month which matches .12 x 20,000 = 2400 in power.

you need a 400 amp 240 volt circuit box.

with 10 x 20 amp circuits for the gear.

sounds like the dad did this and used the kids for tax purposes.
8843  Alternate cryptocurrencies / Mining (Altcoins) / Re: Looking for good speculative coins to mine on: September 01, 2021, 01:01:47 PM
Yeah and xec is up to 0.00017389

I went in at              0.00002700 I pruchased 2 million  about 55 usd and mined 3.3 million

I sold the 2 million for   about 0.00014 or 280 and I am holding over 3.3 million coins

all in about 1 month
How are you mining this coin? I want to know how and what's the algorithm? Can I use GPU for mining Xec? I think it's a cool project for long term hold, also I heard it's Bitcoin ABC true or false

A gpu can not mine it.

A gpu can mine eth and you can trade eth for usdt at coinex and then trade usdt for it.

it was btc abc.

you can mine it with an s9  you can downclock it to be quiet .

but I think you can get more of them with a gpu to eth to usdt to xec.
8844  Economy / Speculation / Re: Bitcoin will not be able to stay above 45k for ten days in a row ever again. on: August 31, 2021, 04:02:55 AM
Unfortunately some mod with zero sense of humor and history deleted my

homage block of threads.

set at

50k
55k
60k
65k
70k
75k
80k
85k
90k
95k
100k

sad so sad.

I will lock this one and not bother with one for 50k.

proudhon wins thanks to the mods.

oh well.
8845  Economy / Speculation / Re: [arstechnica.com] Coinbase erroneously reported 2FA changes to 125,000 customers on: August 31, 2021, 03:26:53 AM

Quote
The unexpected 2FA notifications led some customers to panic sell everything.

https://arstechnica.com/information-technology/2021/08/coinbase-erroneously-reported-2fa-changes-to-125000-customers/

coinbase fuckery finds a new level.

That is pretty fucked up.
8846  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 31, 2021, 02:07:41 AM
...



...

...  

...



...

F...quote author=cAPSLOCK link=topic=178336.msg57822345#msg57822345 date=1630360748]
I honestly do not think we have seen the tip of the iceberg when it comes to the feedback loop we all know is possible.

Call it whatever you like... supply shock?  Ok.

...



Tricky , but maybe very very very good for mining.

Maybe you need to 'splain ur lil selfie a wee bit moar better, philip? #nohomo

What you are implying is counter-intuitive.  Are you saying that the anticipation of lower fees will help status quo miners to profit more because such status disincentivizes new entrance from coming into mining?

Seems to me, in and of itself, lower fees means that miners should be less happy, less willing to mine, more likely to create BIGGER operations, less likely to have smaller operations even try to compete for what fees are available (presuming most of the payoff for mining thereby comes from the current 6.25 BTC rewards rather than fees).
[/quote]

First off kind of drunk and filled with a 56 oz dry aged porterhouses steak.

So lets do Proudhon homage the 45k thread is now done.  we went from aug 19 to aug 30.

Unfortunately my homage was deleted by evil mods.

but these will go into effect at least in my mind







[/quote]


Now to effort an explanation as to why low fees can help miners.

If we can simply get low fees and drive adoption of btc really high right now price can go to the moon.

Ie

  100k
  200k
  400k
  800k
1600k

these numbers are not impossible and low fees could allow for huge spikes in price.

Since no chips mean not a lot of new gear the crazy diff movement of up up and way is held back for rest of 2021 and 2022 maybe into 2023

So

18t diff 46k price = great for miner
21t diff 64k price = great for miner
25t diff 100k price = great for miner
29t diff 200k price = great for miner
32t diff 400k price = great for miner.  at  this level and above for diff will likely flatline if achieved in 2022 or even 2023
40t diff 800k price = great for miner.
50t diff 1600k price = great for miner.

So if low fees mean huge adaptation price could truly moon as many hope.


but my day is made as proundhons 45k thread is dead.

I really wish the mods had left my locked slots of threads  alone.  no fucking sense of humor or history on their part.
8847  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 30, 2021, 10:15:49 PM



Tricky , but maybe very very very good for mining.
8848  Economy / Computer hardware / Re: Okay I am going to the farm on monday. I will have a few items on hand to sell. on: August 30, 2021, 05:57:48 PM
At this moment

whyfly = 1x 3060 pd for it.

fyoung55 = 1x 1080ti

and

kingkernel = 1x 3060



ncsupanda

pm an offer for the L3+



I will look for s9k prices on ebay


Okay

ncsupanda wants the L3+


@ kingkernal

please pm me when allowed.
8849  Bitcoin / Mining / Re: Confused between mining and holding on: August 30, 2021, 12:43:36 AM
buy and hold doing a one shot buy is the highest risk you can do.

dca buy and hold reduces risk greatly.

mining sucks until

A) you get a good power deal.
B) you paid off the gear.

If a and b is true mining is really fucking good.
8850  Other / Off-topic / Re: Must Watch Anime on: August 30, 2021, 12:37:47 AM
Princess Mononoke

This may have been his best work.

I also liked Porco Russo.
8851  Bitcoin / Mining / Re: Help with revenue calculations on: August 29, 2021, 10:36:34 PM
Danny go to viabtc.com

they show you  what they pay per th.

about 35 cents of the top of my head.

So a s17 pro using braiins software can do 50 th at 2 kwatts

so 2 x 24 = 48 round to 50 kwatts a day. that is 50 x .13 or 6.50 a day

and 50 x .35 = 17. 50

17.50- 6.50 = 11 in the black. but costly to buy a s17pro.

two s9 set to 10th each will burn 1600 watts or about 40 kwatts a day that is 5.20 power cost

they earn 20th x .35= 7 a day

that is 1.80 in the black but much cheaper to buy.

Pm for more info.
8852  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 29, 2021, 05:23:49 PM


More of these, please.  Maybe someday I will put one up.tc

But I know a lot of folks think the Guy Fawkes mask is cool and all, but doesn't it sort of reinforce the "shadowy super coder", "bitcoin is being used for dark purposes" stereotype?

In the US probably nearly half of us would associate that with Antifa, and most of those people would not see it in a positive light.


-says a random pseudonymous dude on the internet...

it is likely a bank advert try to hurt btc Wink
8853  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Let me mine for you! on: August 29, 2021, 03:41:57 PM
I have lots of rigs. I don’t rent them I mine them for myself.

8854  Alternate cryptocurrencies / Mining (Altcoins) / Re: Any FREE linux distro for setting up small rig 4cards? on: August 29, 2021, 02:50:50 PM
Thank you for all suggestions.

I'm slightly wondering about HiveOS privacy policy. Don't you think they collect lots of info?

Yes I mined with T-rex some time but there was dev fee. Do you know which miner is best in terms of hash efficiency vs dev fee when on Ethash at nvidia cards?


so use smos pay 2 bucks a month use a dummy email.

point to nicehash and mine to a btc address.

you can do this anonymously.

until you convert the btc to cash.
8855  Economy / Computer hardware / Okay I am going to the farm on monday. I will have a few items on hand to sell. on: August 29, 2021, 02:45:17 PM
Sold the L3+
sold the evga 3060
sold the second evga 3060
sold the 1080ti blower card.

I shipped all but 1x 3060
I will ship it on thurs.







1 antminer L3+ with bitmain apw3++ psu

2 evga 3060 they do 37-38 on simpleminer  full paperwork.
1 is kind of sold.

1 antminer s9k it runs hot 🥵 so I detached the center board and it hums along doing 9th
if you have a cold place the center board should work.

the antminer l3+ is over 1300 on eBay as buy it now. https://www.ebay.com/itm/185021935655?

I would take any decent offer ie 1000 or more.

the evga 3060 go for over 675 used on ebay

I would take any decent offer ie 500 or more. 1 is kind of sold.
I have full paperwork on them they are warrantied for 2.5 more years.

the s9 k not sure how to price it.

two solid boards and likely three in a cold place has value.

make offers.

i will only ship to USA the lower 48 states.


I looked more
and maybe a blower style 1080ti will be listed.
8856  Bitcoin / Mining speculation / Re: 2021, time for a new general & diff speculation thread... on: August 29, 2021, 02:15:43 PM
Quote
https://www.bitrawr.com/difficulty-estimator

Latest Block:   698136  (16 minutes ago)

Current Pace:   104.8006%  (601 / 573.47 expected, 27.53 ahead)

Previous Difficulty:   15556093717702.55                            
Current Difficulty:   17615033039278.88                            
Next Difficulty:   between 18040207691643 and 18473162781916
Next Difficulty Change:   between +2.4137% and +4.8716%
Previous Retarget:   last Wednesday at 10:37 AM  (+13.2356%)
Next Retarget (earliest):   September 7, 2021 at 7:13 PM  (in 9d 9h 1m 50s)
Next Retarget (latest):   September 8, 2021 at 2:48 AM  (in 9d 16h 36m 46s)
Projected Epoch Length:   between 13d 8h 36m 32s and 13d 16h 11m 28s


so we moved to +4.8%

about 30% in

quick math

25/18 = 1.388

1.388 x 48 = 66.666

so even a five percent diff jump in ten days keeps us ahead of spring price of 64k



8857  Alternate cryptocurrencies / Mining (Altcoins) / Re: How to mine for ETH? - NEWB - Plz help tysm on: August 29, 2021, 05:30:04 AM
Its late I just spent 3 hours driving to a sick relative. Two accidents made a 95 minute trip about 180 minutes.

I do not know florida rules for solar.

grid tie in is a must for usa miners and every state and each and every power company has different rules.

I do not know what connection you have with a solar installer.

But if you can do 50 x 400 watt panels that is 20k watts an hour.

fl is a six so 6 x 20 is 120 kwatts a day with good grid tie in rules.

so maybe 5 kwatts an hour. surely 4.5 an hour for free.

you could do 2 big rigs 🚛.

https://bitcointalk.org/index.php?topic=5356556.0

those rigs above are costly maybe 25k
the solar maybe 30k

so 55k out of pocket.

zero to run

right now earns 1400 x 7 cents or 98 a day.

in a year 36k
in 1.5 years  54k

and those are generous numbers.
8858  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 29, 2021, 05:14:54 AM
No trips for bud this round.
8859  Economy / Speculation / Re: [arstechnica] Man robbed of 16 bitcoin hunts down suspects, sues their parents on: August 29, 2021, 01:25:33 AM
Quote
At the time of the theft, the alleged perpetrators were both minors, so as Schober learned their identities, he sent their parents notes informing them of what he knew. “It seems your son has been using malware to steal money from people online,” he wrote. Schober appealed to the parents, asking them to “make this right, without involving law enforcement.” He said he would drop the matter if the stolen bitcoin was returned in full, and he listed an address and gave them a deadline. He sent one note in 2018 and another in 2019. He never heard back from either of the young men's parents.

https://arstechnica.com/tech-policy/2021/08/man-robbed-of-16-bitcoin-hunts-down-suspects-sues-their-parents/

but the parents and the crooks names are exposed. So they will always need look over their shoulders wondering if this guy that spent all this time and effort to track them down will or won't hurt them.
8860  Alternate cryptocurrencies / Mining (Altcoins) / Re: Looking for good speculative coins to mine on: August 29, 2021, 12:35:42 AM
Yeah and xec is up to 0.00017389

I went in at              0.00002700 I pruchased 2 million  about 55 usd and mined 3.3 million

I sold the 2 million for   about 0.00014 or 280 and I am holding over 3.3 million coins

all in about 1 month
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