Seems like it’s a repeat of 2013, pretty much to the month. We started to rally at the beginning of the year and we topped at $64K in April, and then we bottomed in July and in October started to rally again. And if 2013 is repeated we would top somewhere in November.

It’s pretty scary how similar it’s becoming and it’s worrying me.

Because if we are all going to trade like it’s 2013, most likely the opposite will happen.

Yeah I also assumed it was that but it doesn't work even after that command.

The only thing I can think of is that maybe there is some typo that ThomasV posted on electrum.org and that's why its not working.

Can somebody confirm if


is the actual package name? Does the '-0' need to be there ?

So I am in the process of upgrading my Electrum version. Basically on Ubuntu 16.04 wouldn't work since it requires a higher version of Python3 that is not available on 16.04. So I downloaded the Ubuntu 20.x.xx version and not getting the python error but I am getting issues with libsecp256k1-0.


Results in


Yes I googled and can't find much info out there. Seems to be related to Lightning network which I am not planning on using. So if I can't locate this libsecp256k package, I can install an older version which doesn't require it however which version is that? Electrum versions older than 4.0 ?

There are 3 actually, the last one is margin trading. It might seem the same as futures however its slightly different than futures.

Basically on margin you got much less leverage, usually 10x instead of 125x. You also pay different fees and the bitcoin that you long, is actually bought on the real spot market. So you are not buying a derivative like you are on the futures platform.

With margin you pay a fixed rate depending if you long or short bitcoin. And on futures the rate is determined by the funding rate or the futures premium/discount. So they are more or less the same but with different rules.

Another way how you can make some money is if you hold some USD or USDT or any type of fiat currency. You can't do it now unfortunately however when the funding becomes positive again, what you can do is just sell the futures and buy the coin.

Usually BTC or ETH have a ~1% premium per 30 days on the futures. So if you buy the futures expiring in 12 months, it will have a ~12% premium. You buy on spot with your fiat, and that same amount you sell on the futures. Wait 12 months and you got your 12%.

There is a little risk because you need to keep on exchange but seems safer than some of these experimental methods other people are doing.

Here is my experience with those cheap PSUs that usually come in a generic silver aluminum looking box. They might say 450-550Watts or so, however you need to see how much current each rail can supply. Because back in the early 2000's, there wasn't as much need for +12V but there was more for the 3.3V or 5V (can't remember) and you will find that. Even though its 550Watts, the usuable +12V is only maybe 250 Watts or so.

Even if its higher, if you run it 24/7, I gaurantee you, you will kill that PSU. I learn't this the hard way back in 2014 when I started mining. I was cheap and instead of paying $75 for a quality PSU, I bought a few of these second hand for $5-10. They were all like 400-500 Watts. And if you run it more than 50% load, you will kill that PSU within a week or month.

I think they are more geared towards people who NEVER game on them and just use the desktop for minor browsing.

Yes that is another area to consider. I've used to frequent the Claymore ETH miner thread. And from time to time there was some individual who would question Claymore's displayed speed on his miner. They said that its not accurate, saying that it was off by like 1% or so.

Apparently they had a large farm and tested different software and found that Claymore's miner was the same speed or even slower than other miner software out at the time. It was never proven however and Claymore never admitted. We all just assumed it was variance.

Well it might of not topped out in February but he was pretty close. In February BTC peaked at $58K. So if you took all your profits then, you wouldn't really miss out on any major gains. It ended up peaking in middle of April at $64K. That is about ~10% difference, which is fairly low. So I would say it wasn't a bad time to get out. Its still early and who knows if it'll ever even go higher than $58K again.

Mining still however was profitable after this time mostly due to the fees associated with NFTs and DeFI. However if you were mining BTC it would be a different story. There is that time when the BTC difficulty dropped due to the China ban to your advantage however that was only if you had some BTC ASICs and not GPUs.

From what most people told me. In certain countries and cultures an iPhone is considered a status symbol. I think in USA, nobody really cares whether you have an iPhone or not. Most teenagers got the latest iPhone pretty much these days.

However in certain countries, having an iPhones means “you’ve made it”. Yes it sounds stupid but when I got an new iPhone I sold my old one to some guy that was bringing it overseas somewhere. I had a case I wanted to include with the phone and he didn’t want it? Why.

Because my case covered the iPhone logo on the back, saying that in his country you need to “show off the Apple logo”.

Crazy. Kind of like how someone drives an Escalade or Mercedes in USA.

You can’t simulate the earnings because you can’t predict the future price of the coin you are mining. And even if you say hedged your position by selling a futures contract, kind of like agriculture farmers do, you cannot calculate what the difficulty will be. Difficulty is what controls the supply of the coin, the more people that mine the higher the difficulty will be. If the difficulty doubles it means twice as many people are mining and your profits will be exactly half.

Once an ASIC becomes obsolete it’s basically a door stop. You can take some parts like fans and PSUs and reuse those and you can recycle the metal parts but that’s pretty much it. You cannot make it more efficient or mine some other coin.

Its not only that there are other factors as well. For example if you got a slow internet connection then instead of getting a block you might end up with a stale. Another reason is your GPUs might from time to time get hardware errors which are obviosuly never counted as actual shares.

There are also fees with your miner software. Most likely you are paying a 1% fee which you won't see on the pool. Then there is always the chance that your hashrate shown is not extirely accurate either. Depending on what miner you are using might be off by a fraction of a percent or so.

I  always take 90-95% of what those values are calculated as my actual earnings.

Yes anyone can change that but if they change that then the protocol is completely different and its a completely different coin. It would basically fork all the main chain. So you can compile your own Bitcoin, change the next block reward to something crazy and mine a block, however what will happen is that you would only get the large amount of coins on your own chain which nobody else is using. The main chain the reward given to you would be the original 50 BTC or so.

Bitcoins and all cryptos are open source, you can easily modify the code however if nobody runs YOUR code then there is not much that can be done really. So you don't have to worry about someone changing the code and giving themselves an unlimited amount of coins when nobody would be running that particular client.

Well if you are fine with 15% premium you can always go to a local Bitcoin ATM in your area. They usually charge 10-15%. However keep in mind that lots have changed recently with Bitcoin ATMs depending on your country and region you might have to KYC before you can use it.

Years ago you could go to any Bitcoin ATM and buy any amount you wanted and was anonymous. However now with money laundering laws some Bitcoin atms require you to show ID first. So you might as well use an exchange and avoid the 15% service charge all together.

Just go to TradingView or download the app and you can see prices for all cryptos on there. And there is a section called “ideas” where “pros” and there is a reason why I used quotation marks, they post their “not financial advice -opinions”.

So you can see what their analysis is and it’s free. Will it help? It might or might not. Keep in mind these are just regular individuals and not some million dollar traders, they probably do it as a hobby. So take their advice with a grain of salt.

When you enter a position in the futures there is always some liquidation price listed. If you are using some crazy high leverage like 100x then you will be liquidated when the market goes 1% against you (minus trading fees and maintaince margin). If you don’t want to be liquidated at 42K you need to either use less leverage or put more margin in your account when it gets closer to $42K and you won’t be liquidated.

Like others have said here. It’s risky and you need to be careful. And always use a stop loss. You’ve seen how Bitcoin can have these 10-15% daily swings and take you out. It’s better getting stopped out then liquidated, if you don’t use a stop but rely on liquidation engine instead you will take a larger hit. Always use stops.

One thing to consider is that an iPhone 4 was much much cheaper than an iPhone 13. I think the iPhone 4 was only like $500 but how much is the iPhone 13( not mini) it’s basically double that pretty much. I know there is inflation and all but for it to be double is just nuts.

I think the reason they get away with this is because people just get a plan and basically pay for it monthly like it’s a mortgage or a car loan, which is pretty crazy in my opinion.

The new phones are nice and all but I usually just wait until they are about 3-4 years old and buy them second hand for $100-$200. Most people keep it in a case so it looks brand new and the battery is usually about $10 to replace on Amazon.

The proper way to run 2 PSU at the same time is to make sure they are grounded together somewhere and make sure you are not sharing any 12V rails between the PSUs, or else you will blow one up. Basically if 1 GPU requires 2 PCIe connectors make sure they are connected to the same PSU not from one of each because you will get a current feedback loop.

Next is you need to get a paper clip and short those 2 pins so the PSU will turn on. Forgot which ones they are so just google it.

Then what you do is start them both at the same time, if you start one too early or late it won’t detect all the GPUs. Also maybe attach a fan or 2 so the second PSU doesn’t run without a load which can also damage the PSU.

Good luck.

My memory might be hazy but when the profits were like 0.25 per GPU which was pretty much either $0/day net profit or even a slight loss I think Phil was mining at his friends place which had solar panels. However I might be wrong. As far as I understand whether bull or bear market he is always mining.

Don’t know if he will remember or not, but me and a bunch of other guys from 2016 told him to get back into ETH mining, we told him to diversify. And low and behind, I remember he posted a photo of a old Radeon 7950 GPU with a zip tied case fan attached sitting on a motherboard which was sitting on a cardboard box. The rest is history, I think he mined ETH non stop since then.

$500 a month is certainly possible these days but you would be surprised how many people I know which will say “only $500 a month? I thought crypto was going to make me rich”! And even if the $500 was guaranteed with little investment most wouldn’t go for it.

The issue is in my tight circle of friends, most that made lots of money in crypto mined when mining was not profitable. One guy I know mined with an ASIC that he bought for $20 on Craigslist and he mined at a loss everyday. However he knew back in 2015 that BTC is the future and he will get at least $10000 a coin. He used like 500watta of power and he only made like 0.003 BTC a day, which was nothing but then but he kept it all forgot about it and I think he didn’t sell at $10K but sold at $3K.

How many people do you know in 2021 that will mine at a loss and hold it for $250K? Probably nobody willing to do that. They just want their $500 a day, now and that’s it.

There are a lot of coins out there but most of them, especially the mid to large cap coins are not mineable. We all wish we could mine XRP but we never could. This shift started sometime in 2016 when ETH talked about importance of POS and since then most tokens followed that route.

POW is pretty much rarely used for any new projects. Most products are just tokens these days because that way the developers have better control of the market share. Back in the day devs would launch a coin with a 5% premise and nobody would mine it because it seemed risky due to dev dumping a large portion of the coins but now you got tokens where the dev has even more control of the supply and no one bats an eye.