....
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. |
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Excuse my provocative title  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 ˝ the coins mined. 28 cents is current viabtc payout for 1 th of hash rate. so a 110th is really 55th as i gave ˝ 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 ˝ the coin i mine which is ˝ 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 ˝ 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 |
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at op.
I suggest
2 s19pro
2 L7
and one good gpu rig.
thats close to 60k.
should be good way to start.
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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. |
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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. |
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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 |
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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. |
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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. |
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So far my guess of +3-4 is off as is my price guess of 49-51k https://www.bitrawr.com/difficulty-estimatorLatest 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 |
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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/statisticsactually 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. |
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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. |
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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  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. |
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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.
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I would not use SMS that way, personally, because, that's exactly how hackers sim swap to get into your account. If I have google auth, or the secret, I keep that stored separately. Then I can always use that to generate the new time based one time code that changes every 30 seconds.
I actually don't use a phone or mobile device for my google auth codes, I use a separate computer. I'm compromising in other forms of security but generally it's still better than what most people use or do.
Don't break your phone, or make sure you have the secret so you can easily use it on any other phone or device.
Except they likely have shit password on the email and shit password on the account. Lastly they do not do what I do which is have no phone with any coin access. If you want to pay with a coin use a debit card like the one coinbase has. I put 300 in USDC on it. No cost to do that and when I use it I get 1% back in BTC. My greatest vunerability is gun to the head of a loved one. That involves a lot of commitment and basically anyone with money has the same weakness. The exception to this would be Verbal as played by Kevin Spacey in "the usual suspects". |
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Thanks for the info, I didnt know that gambling threads got locked that frequently.
You said you are 14. I am pretty sure it is locked because it represents an issue for the owner of the website. This website is USA based and no state allows 14 year old people to gamble. So the thread was locked to protect the website. I answered you with the correct answer which is to stop and save yourself years of heartache. You next reply was I am going to continue to gamble. So If this was my website I would lock you out. Due to your age. |
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The EVGA queue from last November just hit with a 3090 gaming card for $1900.
Is it worth it?
yes and if you dont want buy it and sell it to me. |
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I would not use SMS that way, personally, because, that's exactly how hackers sim swap to get into your account. If I have google auth, or the secret, I keep that stored separately. Then I can always use that to generate the new time based one time code that changes every 30 seconds.
I actually don't use a phone or mobile device for my google auth codes, I use a separate computer. I'm compromising in other forms of security but generally it's still better than what most people use or do.
Don't break your phone, or make sure you have the secret so you can easily use it on any other phone or device.
Precisely. I actually do use a dedicated tablet for that separate from my phone and other computers. It stays turned off and stored in a secured/locked, non-disclosed location when not needed, and I only turn on wifi for about 1 minute only to re-sync the google auth codes when needed every few months when I use it, and then turn wifi right back off again. The secret is stored offline and secured. I do all crypto related activity on a desktop only (with a hardware wallet), not on a phone. Actually never on a phone. It boggles my mind that most crypto people I read about do everything, including crypto wallet storage and also authentication to their crypto accounts, all on one single device: their phone. Are they fkn stupid? It's almost like they want to get phished/hacked/scammed out of their crypto. I will say one thing though: we will never achieve mass adoption of Bitcoin until storing and using crypto is as easy as having and using a bank account online. The masses will never jump through all these technological hoops in order to adopt bitcoin. They are too afraid of fucking something up and getting hacked. But you should have $1000-$2000 on your phone if you have a lot of $$ and they find zip on your phone it looks shady . They may go $5 wrench to unlock your phone and you do not have a dime on it. My father-in-law owned a bar he went home with 3 bank rolls. He would use 1 for the nervous thief He would use 2 for the calm thief and he had the third ready for the really smart thief He never needed the 2nd or 3rd bank roll. |
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Chia is an interesting thing.
It just dropped prices for HDD. At least in my country.
Because it was a hype-period when all was purchasing HDDs at overprices.
And now as it becomes not such profitable, many-many used HDDs (but with 1.5 - 2.5 year varranty left on it) are on po market.
I was even able to purchase some 4Tb Seagate green new condition for just 50-55 USDs.
It is now farming XCH on Hpool.
Very soon will be time for gpus to crash so hard, idiots have been buying overpriced gpus no stopping, making huge farms and all those gpus will be resold 10 times cheaper than they are right now. Nope you called the crash since jan of 2021 it is now sept 2021 so far you are eight months off. Gpus are simply not crashing till late 2022 or early 2023. you made a good call on the 2018 crash. you warned about it dec-jan 2017 So far you crash calls for 2021 are a fail. take a break and start the crash call back up in feb of 2022. |
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Microsoft Authenticator app, Windows Hello, a security key, or an SMS / email verification code instead of a password Pro tip: Never ever ever ever ever ever use SMS authentication. Why in the world do they offer that as an option??? They can't get google auth to work properly or something. Or there are certain apps like Authy that require all sorts of voodoo to work and I prefer to just get the secret code and not require this particular app. Why can't they just show the secret at the time you activate it? I mean, some legacy trading platforms and banks use SMS, and I don't mind, because they're ancient. google auth has issues if the phone breaks. sms does not have the issues. So they use sms. If you are locked out of your account due to a broken phone and have sms. Buy a new phone port the old number and you have sms working. If this happens with google auth the new google auth does not work as it will not be synched. Sms can be made secure more secure if crossed linked to an email and the email is crossed link to a password. |
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I asked the mods to move this. As for sales most will want escrow provider on an expensive item such as a s19pro
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