Happy New Year to all, I wish for 2019 to not be the last year of GPU mining xD. And of course don't forget to use that bitcoin once in a while, its always a bonus. I'm thinking of getting a nice 6" dobsonian telescope so I can see bitcoin when it hits the moon
thanks it made me smile this morning. to be honest all I need is BCI to go to 3 dollars and 2019 will be a very good year.  To be honest, it would need so little effort... These crypto coins are so retail that one slightly bigger player would just eat up all volume in a heartbeat. BCI volume is very thin. It wouldn't cost much to buy it up to 3 dollars. if you buy a 1$ bread with crypto money/profit and later this year you realized that was a 10$ bread hehe if ever the bear market persists for 2 more years, small mining farms will stop mining....i'm feeling quite a little bit more powerful with my 1080ti's, i wish i got this hash power back in 2013 hehe...i'm getting excited if there will be promising new POW coins to be launched during bear market/when small mining farms are not mining |
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too tight/compact. if i can't touch each gpu with my two hands comfortably to check each gpu, it is not a good rig/case....the rack is still the best case for me, with hanging gpus. |
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the final difficulty adjustment of 2018 just happened. and so now we are in the realm of mining pools knowing the next difficulty jump WILL be affected by the delivery of next gen asics getting delivered in a week to thousands of people.
pushing up hashrate. pushing up costs. and therefore making many prefer to buy coin as a cheaper option, sparking a price rise
Interesting. However, many have claimed that 6000$ was the bottom because it was close to the mining costs. (I didn't agree back then, I claimed the mining costs are not so well known.) We are still under 4000$, so either miners are mining at a loss and still don't care, either the mining cost was close to 3000$-3500$. Only in this case your theory could be correct, although historically (eg when Bitcoin has fallen under 250$ in 2015 and stayed low for almost a year) the price has its periods when it was clearly under the mining costs. PRICE is not the underlying value first 3 quarters of 2018 $5800 was a good measure.. then in october hashrate curved down. and then price curved down in november. in 2015 the hashrate was between 250peta-400petahash during the stagnant period which doing math of asics at the time... it was break even/profitable there was a bit in august 2015 which touched on the break-even testing the bottomline.. then by autumn the hashrate and the market price moved up maybe add to that the element of electric cost.. like mining has become only profitable in a very small parts of the world and miners without a source of cheap electricity had capitulated, the expensive will have to go first then the average and then when some the cheapest have capitulated-> buy some, can't go wrong long term  |
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Ok, lets do the math, today bitcoin is $68 BIlllion USA capitalization, yep that is a lot of money.
But in 2017 the crypt capitalization was north of $800 BUILLION USA, so where did 95% of the wealth go? Did it just 'evaporate'.
Now the morons who pump&dump btc on this site are saying, ... its coming back, but how?
In 2017 they pumped&dumped btc on CHINA, USA, Europe, africa, korea, singapore, aussie, ... everywhere on earth people used their credit-cards who had no money, to BUY BTC,
Now these people have lost all their money, they still OWE on this debt,
How in the hell is it coming back??
Who in the hell is going to bring a NEW $800 BILLION USD back to the btc table??
From 2009 to 2014, ok btc bounced $1 to $400, that's fine, total capitilization was in the millions, and that was easy to replace, but now $800 billion USD is more than the GDP of most countrys,
Also the FED-RES is no longer doing QE, a lot of the money that made its way to BTC was that post 2008, the FED printed $4 Trillion USD and dumped it on the world, so a lot of that money, trickled to BTC, ...
BUT now the FED has quit QE, its no coming back.
There is NO way in hell, its infinitely impossible for bitcoin to go back to even $5k, in all probability it might stop at $1k, but its most likely to just keep drifting back to $400.
Good Points, One Additional point is that people were using Credit Cards to purchase BTC during the rise to $20000, The Banks have since blocked credit card purchases of BTC , allowing only debit card purchases. This removes a major influx of money that BTC was seeing and it will not be coming back, as the banks are blocking it. hmmmm...no more credit purchases after BTC crashed but there are credit purchases during bubble...congratulations new debt slaves to the people stupid enough to buy BTC on credit..learn your lesson. meanwhile FUD is all around the media and forums to scare people specially those who bought on credit |
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the FED printed $4 Trillion USD and dumped it on the world
BTC market capitalization can be $10 Trillion USD if they print another $100 trillion USD for all i care billion...trillion doesn't matter anymore...keep printing them until i can wipe my ass with it |
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this is a good argument. i recommend selling your BTC's since we are going back to 400$  anyway if the "crypto sphere" technologies/adoptions/innovations will decay back to 2013 levels i fully agree. |
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makes me think...where is the ASIC trolls/shills around here? ... when they are just as burned as GPU miners now hehe |
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People hoping to see banks and institutions are just interested to see the price "mooning" again for their own profit. Even if the market reaches a new ATH, these same people will probably sell everything and leave (if it isn't already done). There are still people who don't care about banks/institutions and others who don't want to see them. So here it is, as you see not all holders pray for banks/institutions These are not the libertarians your looking for, today HODL'rs that hang out on this forum, care nothing but pump&dump bitcoin to the moon, and get more suckers to BUY, ... and cash-out This is true. Again...be an A$$HODL'rs.... thank me later |
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I've read a post here in 2014, complaining that he bought 1 million usd worth of BTC at $600....BTC fell to 200+ usd at that time.
anyway you can average down...hope you learn, get your money back and profit in the future.
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...was supposed to free us from them?  There is the old-skool libertarian Satoshi view of bitcoin, then there is the is new school 'go to the moon', everybody gets rich skool When BITCOIN was just geeks pre 2012 it was easy to be a libertarian, and nobody really cared about money, cuz most of the geeks had real jobs, and bitcoin was a hobby, Then by 2014 assholes started noticing bitcoin and jumped in, and by 2016 the assholes started promoting btc to non-geeks, by 2017 btc was promoted to housewives, morons, and village idiots who bought it on credit cards. So now the assholes want the banks to bail them out? Right?? Well is not this the AmeriKKKan way? lesson...be an asshole |
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Next BTC halving should either show some bullish signs or have some bull run 3-6 months after like the last halving. ETH was supposed to dethrone BTC and with all the poop BTC has gone through it remains king (from market cap side, maybe not development side).
This is the first time since 2011 I have nothing mining. No GPUs, no ASIC, not even my gaming laptop (which mined enough Monero to pay itself off back in the day). The RTX cards are trash from compute standpoint so I'm hoping AMD actually goes somewhere with 7nm.
Too bad real estate will probably crash same time as the next crypto run - I'll be spread too thin.
real estate got some shitcoins too LOL only buy the ones who is capable of passive income, either you are building something there or not... lease or rent -->POS working the land (like agricultural lands) -->POW not an expert in real estate but analyzing is fun... I love this analogy... and it's the same line of thought for myself. Want some of that sweet PoS rental units Startup capital is just so much higher.. you can also mine with them...solar, wind and hydro   |
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profit? i do not want profit... i want coins! coins! you get it? gimme more COINS!..keep em coming haha profit will have its day yeah we only want coin for coming day when crypto maket pump. but not everyone can cover electricity bill. install a lightning rod...works wonders  |
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As for 1000 watt atx psus they all die in under 5 years unless you do 40-60% of rated load.
The corsair 1500i works great at 850 watts and all cards set to 180 watts 2 cables for each gpu.
at 1200 plus it dies
hmmm...i don't know but i have a 3x 1080ti rig, i think that is already below 1000w....that's why i said up thread that i'm trying ~ 500w setup there are probably versions of ax1500i since that model is out in the market for quite a while...what you have is probably better. |
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Next BTC halving should either show some bullish signs or have some bull run 3-6 months after like the last halving. ETH was supposed to dethrone BTC and with all the poop BTC has gone through it remains king (from market cap side, maybe not development side).
This is the first time since 2011 I have nothing mining. No GPUs, no ASIC, not even my gaming laptop (which mined enough Monero to pay itself off back in the day). The RTX cards are trash from compute standpoint so I'm hoping AMD actually goes somewhere with 7nm.
Too bad real estate will probably crash same time as the next crypto run - I'll be spread too thin.
real estate got some shitcoins too LOL only buy the ones who is capable of passive income, either you are building something there or not... lease or rent -->POS working the land (like agricultural lands) -->POW not an expert in real estate but analyzing is fun... |
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profit? i do not want profit... i want coins! coins! you get it? gimme more COINS!..keep em coming haha profit will have its day |
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i hope you guys diversified outside of crypto.. 9th altcoin thread..show your mining garbage/trash hehe 9th thread ... rig-porn My first rig was a 5 x 980ti called Brutus circa end-2015 - mining ETH at 150Mhs... ETH was like $2 bucks. Eventually I went all in and made 5 of these rigs.... 750Mhs of ETH... powerful stuff back then. Solo mining .... 10-12 coins per day.... sigh lesson...gotta find the next big thing...hope all of us can get a huge chunk of it for the next shit show hehe Bah, tbh you didn't even need to find the next big thing back then. Just any "thing" became big in 2017. The key was not to sell early. Who who can blame you for doing so? It wasn't like we were expecting ETH to go up to 1000 in such a short time when we were mining it a $2... Hindsight is a wonderful thing. clearly we have different coins in mind hehe, it is all about the multipliers x10000, x1000, x100, x10 a lot of X's on a lot of things .. sometimes x10 and x5 is not good enough |
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i hope you guys diversified outside of crypto.. 9th altcoin thread..show your mining garbage/trash hehe 9th thread ... rig-porn My first rig was a 5 x 980ti called Brutus circa end-2015 - mining ETH at 150Mhs... ETH was like $2 bucks. Eventually I went all in and made 5 of these rigs.... 750Mhs of ETH... powerful stuff back then. Solo mining .... 10-12 coins per day.... sigh lesson...gotta find the next big thing...hope all of us can get a huge chunk of it for the next shit show hehe |
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Since we are talking about PSUs, for me the more expensive the PSU the higher the failure rate.
Most of the larger >1000 Watt PSU are all modular, and almost 25% of them have had a burnt +12V wire on the modular side of PSU, very difficult to fix properly.
My cheapest PSUs the Corsair CX750W the ones we all bought during our Litecoin days, never had any issues. No wires were burnt or fried PSUs.
for me, i have solved that modular problem from being burned with this.. - always use two lines per GPU instead of using both 8pin (8+8) from a single line. - one sata or pata per riser and make sure all connections are tight-standard in all electric related stuff.. if modular connection is ruined and if warranty is not an option, I solder a new connection...or if the board where it was soldered don't have a good soldering point due to burning...i trace the wire where that soldering point (board) is getting the 12v source and tap in the wire and solder it. normally the modular part is just a board which is getting it's volts and grounds form a bundle of wires behind that board. EDIT: I agree on expensive PSUs being crap but only up to the point where the manufacturer like corsair can inject a program to the PSU and make safety triggers like it turns off if a spike or the load is kinda heavy...in my case ax1500i is increasing sensitivity when it is going above 1000w.. that ax1500i really has miners in mind haha that prick PSU even wanted to be turned off and on by its switch...because when i traveled abroad i asked a person to just turn off the electric breaker and turn it on (that person is not a tech kinda guy)...and that PSU just stayed off like nothing happened and when i got home i switch that PSU off and on and then it resumed mining.....corsair ax1500i engineers fuck you...there you go |
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i hope you guys diversified outside of crypto.. 9th altcoin thread..show your mining garbage/trash hehe |
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Is it really worth mining if you have 8 cent power however. You make a nickel a day per GPU but you risk burning out your GPUs or killing your fans. Once your fans go you will need to RMA them and pay for shipping or buy replacement fans on Aliexpress or eBay for like $20.
Hence it's better to just shut off the gear and wait until the $1/day/GPU days return, if ever.
I'm buying more of 92mm PWM fans with 4 wire if it worked..experimented with my 280x...the 4 wire fans functions like the stock fans (can be controlled with msi AF), if wired properly to the GPU board (GPU fans are 4 wire too)... ..will attempt modification to my zotac 1080ti for longevity, 2013 to 2016 i have 280x, 2018 to 2021 i'll have 1080 ti ..will test and clean each my year 2013 GPU risers with my 280x GPUs. i think a handful have issues...i bought newer versions looked cool (2nd hand) ..corsair AX1500i is a piece of shit...it will not function as a single rail even if the software says so, the engineers even designed a sensitivity crap that if my internet connection had a hiccup, it triggers the protection even it is pulling just around 1000w....hx1200 is better-no issues, AX1500i might work with a server that is just pulling ~500w or less as a masternode (might be good, PSU fan not spinning due to low temp/power). I had 1 failed Corsair PSU - 1200w - forgot which model - and I have since returned back to EVGA-1600 for all my GPU needs. The EVGA-1600w that I have been using since 2016 are still working until today --- all 18 of them. They have gone thru extreme mining conditions and I have no regrets on these high-end EVGAs - worth every penny. For the riserless rigs, I standardized on Delta-2400w Platinums - these server PSUs are truly workhorses and very reliable. i forgot to mention i have a dead ax1500i, died in less than a year at ~1000w......evga is not very available here yet, tried to purchase that earlier this year but the supplier's terms is not that appealing(forgot the details)..still gonna try corsair warranty performance here, evga might be purchased overseas here but getting warranty might be an issue. an old second hand thermaltake 1500w also died-going for the trash bin ...thought it was the board,my very old socket 775 board circa 2006-2007 hehe..still kicking.. server PSU are not also very available here, some I've seen here are not my type...I'll just stick with new desktop PSU's and test if they are good with warranties...seasonic is good enough with warranties here...i'll watch corsair this time. |
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