Both Shiba and Doge are meme coins and most likely their low still hasn't been set. I don't think Musk will ever allow buying Tesla with Doge, I am surprised he actually came thru and let you buy some merchandise with Doge, it was major news both times.

First time when he announced it and then a month later when he actually started to accept the currency. However each and everytime the rally fades. Usually there is a spike, and usually the second leg is when it tops. I think this is mostly led by bots which autobuy when he tweets doge and a bunch of people short covering when they get stopped.

I don’t think it will collapse if it hasn’t collapsed already in the past when we weren’t prepared. Sure the cases are up but if you look at the death rate they are not rising at the same levels.

Seems the vaccines are working and people are getting a mild cold. Also numbers are higher now mostly due to Christmas gatherings and it’s winter and people usually get more sick in the winter.

Inflation is nothing new. Sure lots of money was printed but the fed is doing tapering and we are going to get lots of fed rate increase this year.

We already see that the financial markets don’t care about covid. So I don’t think the fed is going to reverse their decision. With this we should see inflation go down within the next year or so.

What will happen with stock market or crypto, nobody knows but inflation should go down to the 2% annual rate.

Right now I think we might have a relief rally because if you look at the funding rates they are more negative than before. When we were dipping from $69K all the way to $40K the funding was positive. Meaning that people were buying the dip on leverage, something you don’t want to see.

Now we bounced from the $40K lows and people are starting to short Bitcoin on leverage. Usually when this happens it indicates that. $39K might of been the low. This happened in the past when we were at $40K before and prior to that when we were at $30K.

In other words, it seems bullish at least for now.

I agree with the comment that it might be slipping out of the slot. Some of these risers are very bad quality that I wouldn’t be surprised if the slot where the GPU sits is a little too wide and with the vibrations of the fans overtime it starts to slide off.

You can use the clip but it will slide off on the other end and can crash also. Hence you should just replace the riser entirely and be done with this issue.

Yes difficulty is your enemy here. You can always sell ETH at a specific price just by shorting the futures contract and just covering when you are sent the mined coins. So if it will take you a year to make 1 ETH and you short the future contract at today’s price then if price goes down you still get to sell it at the higher price.

The issues with this is that difficulty is very hard to predict. Right now it might take a year to make that 1 ETH but in 3 months it might take a year and a half. So given how fast the difficulty is rising you might never make that 1 ETH back, especially if prices keeps going up. And you are mining at a higher difficulty and selling at a lower price.

It’s a gamble there will always be some form of risk.

The issue with these charts is not that they are unreliable, they can be reliable however you need to understand that it can keep dipping further and further and further before it actually bottoms out. Look at the chart in July 2018, it was already at fear. And then it kept going lower.

And when it broke $6K support, it was already very fearful however price still kept dipping. So if you bought at $6K originally you would of suffered a 50% loss at one point. Hence why in this situation, it can still go down to like $30K or even lower before it goes right back up. Not accurate unless you are buying long term positions.

If ETH goes to $400 and you can find $100 Rx 480 8GB would you actually buy them? Your profits would be probably $0.20-$0.25 a day before electrical. Would it be worth it even back then. Taking into account electrical at $0.10 kwh you would be mining at a loss.

You say that difficulty will come down? Sure it might come down a little however as history has shown the difficulty barely goes down dramatically. People still mine in countries with free or cheap electricity.

It will be the best time to mine but nobody will want to mine. Similar to how nobody was mining when it was $80.

I don't think high temps are what causes the GPUs to form cracks under the solder joints. I think that high temps can cause other components such as capacitors or mosfets to fail however not the GPU chip. I think the reason why the solder cracks is due to the huge heatsink sitting on it and the handling. Too much weight and causes the solder to crack.

That or when doing a thermal repaste job and you pull too hard and cause it to crack. And then with enough heat cycles it will just stop working all of a sudden. Because each time you start the rig, the heat expands and then contracts making the cracks bigger and bigger.

I also would love to have the option of doing this. However the bulk space, high cost it just wouldn’t make sense. I had a Antminer long time ago it was called the Antminer C1 and it was actually like an Antminer S3 but water cooled. It came with the heatsink and everything. And that miner was so quiet you didn’t even know it was there.

You could have that miner next to your bed and you wouldn’t have issues with sleep or anything. With GPUs it would probably be even more quiet since their surface is much larger so it would require less fan speed. It would be a neat quiet operation.

That is a useless chart. GPUs temps range depending on what GPU it is. Back in the Litecoin mining days I had a bunch of reference GPUs they were all Radeon 6990 all the way to R9 290. Since the reference cooler was always loud AMD designed the operating temperature to be something like 80-90C. And I’ve mined for maybe 5 years straight with those GPUs and never had any issues.

Some of the later GPUs require a lower temp. However you need to understand that in each bios there is a GPU temp kill and when it reaches a certain temp to say a bad fan it will send a signal to the motherboard and the entire rig will power off. It’s been like this for decades with GPUs.

The guy definately isn't or can't drive around if he has rigs mining in the back.

The Tesla batteries are like 50 kwh or so. So if he has 2kw worth of gear, its enough electricity to mine for 2 days. This isn't the issue. Mining rigs, especially GPU are very unstable even when they are stationary, if he is driving around, going into bumps and taking turns, there is no way a GPU or 2 wouldn't crash right away.

Another issue is the heat. What is he going to do, leave the air conditioner turned on? He'd mine like 12 hours instead of 48hours if he had to leave the AC turned on. He needs to leave the trunk open, park it somewhere safe so the car or GPUs don't get stolen such as a private residence.

IF you want to get airdrops you need to be active with all these projects. A year ago nobody wanted to use DeFI or NFT because the fees were just too high, however for the lucky few that did they got crazy amounts of free airdrops. And the trick was NEVER to sell those airdrops right away, it was to hold it.

Remember UNI airdrop? It launched, everyone dumped, it went to like $2 or so and then ended up going all the way to almost $50. I think that was a very profitable air drop. There is always some pressure to sell the airdrop, however if you notice that price is hodling strong, you might want to hold on to some, because many times the token will end up going higher as a result.

Because most miners who have been in this game for around 6 months or less have no idea how it works. Many just install Nicehash, it prints satoshis for them, which they later send to Coinbase and sell it for USD. As long as they are making some profit for doing nothing, they are happy and don't ask questions.

The questions come when the profits go down. They learn about "difficulty", then they try another coin and also learn that the profits are about the same. Then they hear the word "POS" and start to panic however they always think "Oh, I will mine ETC instead of ETH and everything will be, ok!"

 

I remember reading back in November how people were doing the complete opposite. They were getting a home equity line of credit to buy crypto and stocks with their homes equity. They got scared of what is happening with inflation and they borrowed money against their home to buy stocks and crypto and doesn't look like it was a smart move.

So seeing people do the opposite is pretty good. Since crypto is actually helping people get their first home. Its served its purpose of being a valueable investment that paid off. Buying a home is responsible unlike buying stuff like cars or watches which is what most of the young investors are blowing their money on these days.

I think one reason why its so high is due to the used car market which is one measure how the CPI is calculated. I've been in the market for a newer vehicle and let me tell you its crazy out there. Basically if you are looking at any vehicle over 2-3 years old, you are going to be paying the same or more than that vehicle was priced when it was new. And it doesn't end there. There is hardly any supply. You can't be picky about color or mileage or options.

Its pretty bad for people who end up getting their vehicle stolen, crashed or broken down. They got no choice. And since they are overpriced by 25%, you need to pretty much have a down payment for that 25% if you want to finance. Since banks know the car will depreciate very fast when supply ramps up. Hence this is one reason why we are seeing a 7% inflation value.

So the fear right now is 10 and back in Nov-Dec 2018 when all hell broke loose and bitcoin broke $6K support and kept going down and down and down to $3.5K the fear was only 11.  This gauge just doesn't seem that accurate. I don't think there is more fear now than in Nov/Dec 2018. Back then people were thinking bitcoin is going to $1K. Right now many people still think its going to go to $100K.

Also the fear during covid was 9, and I remember trading that day when Bitmex went down, and let me tell you. There is no way if BTC breaks $40K again and heads down to $35K and the fear prints a 9 that its as fearful as the march covid19 sell-off. Its either that or there are just more retail hands now which are way more fearful than the previous cycles.

If anything I consider this to be bearish and it means that bitcoin won't hit $100K. These Goldman Sach are not your friends. I remember I used to read their analysis back in my old stock days regarding certain stocks and commodities and most of the time their analysis was never correct.

If anything they are correct half the time and the other time they are incorrect. So its pointless reading what ever analysis they point out. If they had some real knowledge that some event will happen and bitcoin will hit $100K, they wouldn't let the public know about it, they would just buy it themselves.

The profitabilty for all SHA256D is pretty much identical. There are many pool hoppers out there which mine the most profitable coin and due to this is why all coins with the same algo product almost the same income.

The reason why your calculation is off is due to variance, sometimes its skewed to one side. And eventually as you take more samples you will see that the profit will be pretty much the same. There really is no secret coin out there. Due to sites like Nicehash everybody knows what is profitable and what-not. Hence its a tough competition and leaves no extra profits to be made.

This is not true. Most sellers test the GPUs beforehand because they dont want bad feedback. They reflash the stock firmware and usually run a benchmark to make sure the GPUs works in games at least. GPUs don't have any mechnical components like cars so they are fairly reliable.

And how many people do soldering work on their GPUs? Almost nobody. The only type of work done on a GPU might be the fan replacements. Usually when something frys on the GPUs they throw it out instead of soldering parts on it to fix it.