There is clearly no reliable resistance area on the chart, the only one I can think of is maybe $50K because its a nice round number. The last resistance I would say was $42K because it was resistance before we topped at ATH, then it was support, then it was resistance when we visited $30K. Since we broke $42K you can say we broke out of that range.

I think $42K is more of a strong support now. And $50K is a weak resistance if anything. I think the next major resistance is the ATH of $64K. Keep in mind one thing. Alot of people are bag holding in the $55-56K area. Most of those people will want break-even. So that is another area of interest where we might trade for a few weeks as the break-even sells are being absorbed by new buyers.

If we can break $60K, then I am pretty sure we will at least test ATH and perhaps break it and head to like $68K or $70K or so. Then who knows. Its still summer so volumes aren't the best.

I've been following these BTCUSDSHORTS for a while and I am still puzzled to this day why they opened and closed them a few days later. Was it an actual short and not some delta neural move ( short on one exchange and long on another)? Hard to tell.

Did they make money, looks like they did however very little in terms of %'s. Seemed very risky to open such a big short on a medium type of exchange (in terms of volume) and get short squeezed badly.

Its possible that they did this to get media exposure and get many traders to follow their lead and short and they had longs open on another exchanges. So they just wanted to create liquidity and get their longs filled. Looks like there were huge dumps shortly after which were filled pretty quick and price rebounded.

I don't think its in the silicon. They wouldn't spend millions on R&D having to have a new chip made just for LHR. Most likely its just some software (firmware) area which leads to the lower hashrate. Hence the reason why some fixes such as this are working. Yes its not a perfect fix but its at least something. Miners in general shouldn't be buying these LHR gpus anyways thinking that one day some software fix is going to be out.

Keep in mind, Nvidia is a billion dollar company, so they most likely know that most are using it to mine ETH And they programmed the driver/firmware to detect certain computations and trigger something to have a lower hashrate. Can be anything such as constantly checking the DAG for a share when in most games there wouldn't be this much memory computations.

I  think in 6-12 months time, when things calm down. They won't be releasing anymore of these LHR versions.

Most likely the LHR is just a temporarily measure until the supply meets the demand, especially for all the gamers. The reason why Nvidia did this is because for the last year gamers have been complaining to Nvidia to do something to prevent their GPUs being bought up by scalpers and miners. They don't want to pay inflated prices on already an expensive GPU. Some even threatened to go with AMD if Nvidia didn't do anything. So to make gamers happy they did this LHR type of GPUs.

Its obviously going to be temporarily because when supply finally meets demand and gamers are no longer complaining then Nvidia won't want to lose sales to AMD because miners still generate profits for them. However with covid the supply of chips is constrained and this can go on longer than expected. Hence they had to take some proper measures and prevent their GPUs being bought up by miners.

Can the mining calculators even correctly calculate the profits AFTER the london fork? It seems its impossible to get an even close accurate calculator because you can't calculate how much of the fees are burnt. And even if you knew that, the amount of ETH burnt can be calculated ahead of time because the fees different depending on if the fees are low, average or high.

And even before the london fork, the miner calculators were never accurate. They don't take into stale shares, hardware errors, pool fees, etc. Plus there is always some criticism about how actually accurate are the hashrate figures that we see in our miner software. For years people were calling Claymore hashrates inflated.

We don't know if it will go to $79K and even if it does, it might be momentarily. So sure your profits will be 3x if you perhaps hold all your ETH until that happens. However most miners usually market sell their ETH as soon as it hits their exchange account.

And the price of ETH can still be similar to what is it today or $4K and BTC can go to $79K because there is a chance that there is going to be a huge sell-off from the ratio. It can be a reverse outcome of 2017 where people pumped BTC and then that money went into ETH. Right now it can be the opposite, pump ETH and later on dump ETH and bump BTC. Only time can tell what happens.

Like Phil said try another pool. If its not that then maybe you got some firmware issue. Either way I wouldn’t play around with it, I would just hook up the +12V and GND pins of the fan directly to the power supply and be done with it.

Since you plug in only 2, it’ll run at full speed. If you sleep in the room and need it to run quieter then you can just use some resistor to slow it down.

I don't think $48K is siginificant. $41-42K was significant because it was resistance and we broke it like butter. The next major resistance will most likely be the round $50K and then maybe $55-56K. Those are important because if you pull up a chart and load the POV which shows you what price most volume was traded at it was there.

Most likely alot of retail is trapped at $55-56K and many will want to get out at break-even. So there will be sell pressure and there is a good chance price might never even reach that area and if it does it will take a while to break-through. So if we break that area, we will easily break ATH and most likely closer to the $70K's.

From what I understand, it had nothing to do to lower fees however they just made it more difficult for larger miners to manipulate the gas fees and make users pay more than they should.

However when the network has high usuage, like right now with all the NFT and ETH pumping, it obviously will have more transactions and the fees are obviously going to be higher. Last month or so, when everybody was on Summer vacation and ETH and BTC were dropping people weren't using the network as much and you could get away with <10 Gwei fees. However these days it would be very diffciult to get a quick confirmation with fees so low.

Back in the old GPU days of the Radeon 7950, 7970, R9 280X, R9 290, I actually also used to mine and used the SATA cable. And the reason was that the power taken from that SATA cable was like 20 Watts, so its was "safer" you can say. You could only do this with certain cards. Tahiti were ok, however Pitcairn weren't.

Pitcairn were the R9 270X and Radeon 7850,7870, etc GPUs. They sometimes had smaller power connectors like 1 PCIe 6 pin, and since it could only pull 75 Watts from that external power connection, it had to pull more from the SATA cable. Hence not a good idea.

WIth RX series GPUs, it got worse because the SATA usually pulled 50 Watts from those cables and it lead to all these problems.

The thing is, can you really actually pool hop with ETH mining?

I can see this being a large issue back in the early bitcoin days where if there were 2 pools, equal 50% hashrate and one pool was having a -25% day, then miners would switch to the losing pool in hopes of it having a 25% day to make up the variance. That's why they have the PPLNS type of pools these days.

However with ETH and their short block times, it seems like it would be very difficult to actually pool hop so I am surprised they are giving "antihopper" as a reason.

Basically its 2 of the RX 570 GPUs in a single PCB card. AMD sometimes does these type of dual GPU setups like with the Radeon 6990, 7990, 2X295, etc. Its nothing special really, just saves you a PCIe slot. In the windows properties the single PCB dual card shows up as 2 GPUs even though its 1 GPU.

Regarding the power consumption. Its most likely what is stated in the software and not quite what it pulls from the wall. With my RX GPUs, I would get like 80Watts displayed however the real power consumption was more like 120 Watts or so from the wall.

So 125Watts could be real but in reality it'll be most likely over 200 Watts when you read it with a power meter.

Pools and maybe Gemini are the only services out there that don't charge any withdraw fees. Gemini is the only exchange I know which has free withdraws. There might be some gambling sites out there also which have free withdraws.

Pools are free for a reason. They are a pool. So what they do is they create a transaction and use a very low fee of like 1 Gwei and include this transaction to every block until someone from the pool finds a block. So what happens is the pool that finds the block is the pool that you are using and doing the free withdraw.

TRC20 is super fast, but the issue is that many exchanges that use tether don't use TRC20 yet. They are mostly under the old OMNI and ERC20 tokens. I don't know why its taking so long for all the exchanges to add USDT on Tron network. Fees are crazy high for ERC20 withdraws. Seems that the omni withdraws would be cheaper.

They are completely two different algos. They never even shared the same algo in the past. What speed you get on one algo is completely irrelevant from another algo.

Since you got a CPU, if it’s some fast Ryzen you can mine XMR. ZEC you can forget about mining because there are fast ASICS out for it. It’s been years since you could mine ZEC on a GPU let alone a CPU.

Mine XMR with your CPU.

Nobody can answer this question for you because nobody knows what will happen in the near future. Currently there is a lot of regulation going on with congress and POS coins like ETH v2 might be in japarody.

There is also the issue of difficulty and miner revenue. London fork is activated however we still don’t know what our profits will be in periods of low transaction fee or high transaction fees.

Bitmain and other ASIC manufactures are releasing very fast and efficient ETH ASICS which way overpower a bunch of GPUs. There is no idea how many of these will be produced.

There then is the question of what the GPU will be worth in the near future. Can be 75% off retail or something like 25% of retail.

I don't think its accurate since 2021 isn't over yet. However in 2020, bitcoin did crash to almost $3K. I think the low was like $4K on Coinbase but $3.5K on some futures and derivative exchanges.

However you need to realise that it can't go up forever, sure it can have a low of $30,000 however most likely even in 5 years or so, I don't think it having a low of $300,000 is sustainable. Maybe it might peak one of these years somewhere in the 6 figures however with the amount of people holding bitcoin, I don't think its possible to trade sideways in the $500,000-$1,000,000 price for a long time. Going to be too much sell pressure.

Many people already know about crypto now. So say some old adopter want to sell 1 BTC, currently its $45000. Usually retail will buy maybe 5-10% of that. So 10-20 new retail people will pay for 1 BTC that someone is selling.

However if price is $450,000, then it means for 1 person holding 1 BTC and wanting to sell, there would need to be 100-200 new retail people who are going to absorb all that selling pressure. I don't think its sustainable.

Basically back in the forex days I used to use alot of trading bots. They were actually called EA and you basically used Metatrader and you just loaded a script and it would execute trades for you. There is also a backtest function so you can find out how to bot worked in the past.

Here are the issues with these bots,

They are mostly coded with variables so they appear profitable only in the past. So if you do a backtest it would appear to make money. However if you do a forward test you will find that it doesn't work as well.

Another issue is slippage. There are some bots that take trades which are impossible to take in real life due to liquidity and slippage. So in a backtest it would fill on the best bid/ask however in real life your order might not fill in time.

My advice, stay away from them.

There is not enough data to back this up. Pull up a chart of BNBBTC and see for yourself. Basically the coin always pumped, except in mid 2019 to early 2021. There were coin burns in those dates however price against BTC didn't increase. So its not a reliable way to make money.

The issue with the BNB is that Binance got popular and got tons of volume so thats one of the reasons why it kept increasing in value. It increased due to its utilty and not necessarily the coin burn. Also the coin burn is such a low percentage of total supply. So you shouldn't expect much out of it.

My advice don't try using this method. You will most likely buy some coin and end up bag holding it even if it does burns once in a while.

Unless you bought the GPU used and the previous owner had no thermal paste and used toothpaste instead (you can actually use this) then I don't see thermal paste being the issue due to age. I had many old old old GPUs (>5 years) and they all had factory original thermal paste which was pretty much hard as a rock, however the paste still worked. And changing the thermal paste to a newer and higher quality only improved cooling by a few Degrees.

Like the above poster said, if you start to mine and your temp jumps to like 80C instantely then its not the thermal paste. I had this happen before and could be your heat core, bad PSU or bad GPU components like MOSFETs or capacitors. Just buy the cheapest thermal paste at your computer store for like $5 and see if it fixes your issue. If it doesn't then the more expensive one won't either.

I read about this news on Twitter and its not as positive as many of you here think it is. The issue is that the fees are crazy high on Coinbase. Some guy wanted to buy (or sell) some bitcoin and the fee was something like 3-4%. I think the highest fees i've seen before were like 2% and that was with Gemini however 3-4% is just crazy.

Also if you use coinbase to buy and later you use it to sell the fees will be double, say 6%. So if you bought BTC today at $43500 you would need to sell at $46100 just to break-even. Im sure its great news and everything however due to the fees I Dont think too many people are actually going to use it.