When it comes to stocks, there really isn't much to buy out there. Everything is overpriced. Except new IPOs like DASH or COINBASE and you still have no idea how much is a fair price to pay. When coinbase launched it opened at $380 and peaked at $420 and it seemed like $400 was a good buy and it would head to $1000 in a few years. However its $250 now and went under $200 almost for a while. Sure its not a crypto coin and its a business that makes profits however it took a big hit when BTC crashed.

Same with DASH it opened at like $200 and went to $100 for a while and now its almost back at $200. Its hard to value these IPOs. And all the other stocks like TSLA, GOOG, AAPL are all overvalued currently. So there is not much to buy. MSTR is not bad as long as they don't sell the coins. And if it goes to a new ATH and they buy more on debt it'll obviously go up higher in terms of %'s rather than buying the coin itself.

Even if he didn't have a Wattmeter how did he measure that it was 140Watts. As far as I know there is no such power consumption indicator with any of the monitoring software for Tahiti GPUs. Maybe perhaps he was shown the current and multipled it by voltage to get a wattage. However Ive never see a software which calculates any type of power consumption for Tahiti's.

And yes they are power hungry. For ETH it used 200 Watts which is considered too much by todays standards however back in 2014 I mined with many of these 280X mining Litecoin and guess how much power they used??? For a 2 GPU rig so 2 * R9 280X the power at the wall was over 700 Watts. Even if you undervolted it still used tons of power.

Basically a single 750 Watt PSU could only power 2 GPUs.

Most of you guys werent around in 2013...2014 days or so. But back then Bitmain came out with an Antminer called the Antminer S2 and this actually used a regular computer PSU instead of a server PSU. However the ASIC used 1000 Watts exactly and the PSU was rated for 1000 Watts.

What happened? Well a large portion... maybe 20-30% ended up killing the PSU and it had to be replaced with a larger >1200 Watt PSU. I had a few of these all second hand and surprisngly they still functioned for many years. So its hit or miss.

Bitmain claimed that those who blew their PSUs were overclocking and that the Enermax 1000W was more than adequate for 1000W constant 24/7 operation.

So it might fry it running at 100% load or ... it might not.

Yeah it seems before the hard fork it was usually included in the transactions of the mined blocks for the pool, however after the fork due to the base fees its no longer possible. Pretty crazy how at times of high fees like today its not possible for miners to get payouts.

I think a few hours back it was like 700 Gwei mostly due to the NFT transactions. Going to be pretty bad when to do a transaction it ends up costing something like 10% of all the miner revenue. So I guess its a double edge sword. Fees are high... good for miners due to higher profits. However fees are so high that you need to wait a few days before you get your payouts processed.

Wonder when we will see 20 Gwei fees again.

I am pretty sure they are not scamming you. The fees were high a few hours back but they are now in the <100 Gwei range. I don't know how 2miners works but most pools they usually pay a 1 Gwei fee and just include the transaction with the blocks that are mined by the pool. Pools like ethermine do this. So I am pretty sure its not due to the high fees.

Pools very rarely scam miners. There is really no reason to do so they keep very little in their wallet since payouts are so frequent there would be absolutely no point. Maybe there is some technical error and they are resolving it. However I am pretty sure they didn't do an exit scam.

EDIT,

had to look it up and I guess I am wrong about ethermine now. They no longer cover the fees due to London fork.

https://ethpool.freshdesk.com/support/solutions/articles/8000060967-ethermine-org-payout-policy

Seems almost every second thread in the mining section has some new person discovering there is something called difficulty.

Basically the more people mine the less profit everyone gets. Since BTC was $50K last there were less miners of ETH on the network, so even if price is the same your profits won’t.

ETH is even more difficult to calculate profitability because most of the miner revenue from April was by transaction fees. Remember the days of 100 Gwei. Those were largely why you made so much. Less transactions and less profit. And now with London fork even more difficult to calculate profitability.

This is completely untrue.

The way it works is that hashrate and difficulty follow price usually one way and not necessarily the other way around.

When hashrate goes up before price, it doesn’t mean the price has to go up with a certain coin. There are times in the past when this happened but it doesn’t mean it will happen again in the future.

I think it was just a coincidence that there was new ASICS released and Bitcoin just happened to have a massive rally in the next few months like in 2017 and 2020.

I’ve been in crypto since 2013 years or so and most people whenever they hear that I’m an expert they ask me about mining. I explain to them how you need specific equipment such as ASICS and low power costs. When they find out you make so little they either think I’m lying or just they give up.

Bitcoin and crypto is associated with the whole “get rich quick” mentality. Because when you think of a Bitcoin investor you think of someone that is wealthy. And it’s true for those that mined back in the day with their old GPUs. However many don’t realize that there is something called difficulty and that it’s vert difficult for a new comer to make decent money with mining let alone “get rich quick” type of money. If it was this easy, everybody would be mining instead of working.

Your starting capital doesn't really matter that much. Most think it does and maybe the capital is more geared towards living expenses and food while you trade. However whether you start with $1000 in your balance or $10000, most likely your outcome will still be the same. If you don't know what you are doing you are going to lose that $1000 or $10000.

Plus these days most future platforms allow up to 100x leverage. So you can easily use 10x leverage with your $1000 and trade up to $10000 in sizes, the leverage is big but not that big where a 1 minute candle can liquidate you.

However you will see that its VERY difficult to stay profitable in this business. My advice start with $100 and if you manage to turn it into $1000 then perhaps trading might be for you. If not then start with another $100 and see if it works the second time. Trading is not easy as it seems.

The worst decision in the last year or so I would say must of been not getting involved with DeFI. There was tons and tons of money to be made with DeFI. First there were those tokens like UNI which you pretty much got for free for every address that you made some Uniswap trades on.

There were some other airdrops if you got involved in other DeFI projects. All the coins such as 1INCH and UNI were crazy profitable. UNI if you bought at launch you could of made like 10x your investment, same with 1INCH. I kept thinking this is just a fad and due to the high ETH fees it'll be like the ICOs during the 2017 days however I should of tried it out.

Now all the craze is in NFTs it seems.

Back in 2017 Bitcoin led most of the initial rallies then it was alts like ETH and XRP and then it all crashed together. What happened was people poured money into BTC and then sold that BTC not for fiat but for other alts like ETH and XRP. And then when the bubble popped they went back to fiat or tether.

This time it seems different. However the way it plays out might be as follows. Alts will lead for a while and then the money will go back into BTC and then the bubble will pop and it’ll come crashing down as people go for fiat and tether again.

You sure it’s only 140Watts? How did you measure? From the wall?

I ask because when I used to mine ETH with my 280x back in 2016, the speed was around 20mhs and power consumption was always around 200 watts.

With a 5 GPU rig it consumed about 1000 watts and this is with every GPU undervolted as low as it can possibly go. I would of loved to get 140 watts and 23mhs considering my RX series GPUs hash at like 28-29mhs and they consume 130-140 watts.

Seems a lot of people here aren’t aware of what exactly “difficulty” is.

Difficulty is something Satoshi introduced to keep the daily reward of BTC fixed. So if more miners joined the network the difficulty would go up and it would be equally more difficult to find a block against all the other miners.

Think of a pie. If there is 1 person who wants to eat the pie, he gets the entire thing. If 2 people want the pie then it gets divided exactly in half. If 100 people want the pie then each person gets a very tiny slice.

POW is the same. So sure they will be coins to mine. However if everyone switches to these low cap coins then there will be almost no profit to go around.

First of all ETH 2.0 is a few years away from going fully live and POS.

Second there is something called difficulty. The daily supply of a coin is fixed. When more miners join its equally split among them. Profits won’t be the same if ETH goes POS and everybody switches to that coin.

Third, hashrate follows price and not the other way around. Just because a coin has more hash doesn’t mean more people will buy it, even if it means it’s more secure due to the large hashrate it has behind it.

Why is it that whenever BTC is rallying we always get newbies here who want to mine with their mininum hardware such as a laptop, MacBook, 2 GPU rig and instead of being happy with making like $5/day they want to make like $15000 a month.

My friends are also like that. They want to get into mining, I tell them that you buy a $500 GPU and you make like $2 a day. They are like “$2 not enough I want at least $50 a day” and they basically give up because it’s not “get rich quick money”.

Yeah the worst GPU fans are probably Gigabyte. I'd had most of my Gigabyte GPUs with failing or almost failing fans. I used to buy them on Aliexpress however those new ones also failed. They had a very bad design because some of their models featured 3 fans per GPU and even those fans started to all fail and they were all under low loads.

I got so bad that I either basically slapped on a few case fans to cool the GPUs or I just took some dental floss, put it on the fan blades, pulled off the fan to see the bearing and lubricated it from time to time. Did it so many times that I managed to do this while the GPU is inside the rig and mounted vertically. Re oiling the fans made them good for another 90-365 days.

Yeah those fans are great. I used them before with an undervolted Antminer S3/S5 and it ran fairly quiet (not silent) compared to the stock fan. And surprisngly it pulled enough air to provide adequate cooling even if the room temp was fairly high.

The only reason why I didn't use more of them is because they are crazy expensive. And I looked at other brands of "silent" fans but none came close, there werent even any chinese clones which you could get cheaper.

Love the setup, very clean.

I think you meant "Funny how like last week almost everyone's bearish..." Read your post a few times until I finally got the typo. But I agree with you. Seems every week people are flipping back and forth. Right now everybody is bullish and if we get a slight pullback, everybody will be bearish expecting $30K again.

Its funny because we are almost over $50K however most of the people on crypto twitter, reddit and bitcointalk forum are very bearish. It either means they went short, or they sold all their crypto and want to buy back at a cheaper price. Because its strange to believe why all of a sudden everybody thinks bitcoin will crash any day now. Similar to how at $64K, everybody was saying we are going to $100K.

Its not the cost of ETH that determines what the price of a GPU is. Its the profitability. ETH can cost $2000 but difficulty can be 1/3 of what ETH at $3500 can be. Even if ETH hit $10K or so, people won't be buying the GPUs if they aren't making at least close to $5/day/GPU.

Don't know what it is but BTC almost hit $50K and it seems everybody in the mining section of bitcointalk is talking about a bear market. So I am wondering did all these miners already sell all their coins and they want a bear market or are they all going to be selling soon since there might be a bear market lurking around the corner. Makes it seems there are way too many bearish people while price is very bullish.

Here is my experience with Sapphire cards.

The really really old GPUS before 2013, where very solid built. I am talking about the Sapphire Radeon 7950 etc. Then in 2014 they had a bad batch of GPUs. The worst was the Sapphire Dual-X R9 280X. This card had faulty MOSFETs or something. Basically after mining for a few weeks, they all went up in a poof of smoke.

I think the Sapphire Triple Fan R9 280X was more solid built. Anyways the issue I had with the Dual-X was that if you want to RMA you need to ship it overseas. And if you want to RMA you need proof you are the original owner. They require the original bill of sale along with your RMA. Since I bought them second hand, I couldn't RMA any of them and they were all less than a year old.

Since then I never bought any Sapphire cards however I think the RX series and up were more solid built and didn't really hear of any issues with them.