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3681  Alternate cryptocurrencies / Mining (Altcoins) / Re: What do you think about this mini display monitor for rigs? on: July 13, 2021, 02:33:02 AM
For Windows you don't need to boot in with a monitor. If your GPU is stuck in like 300Mhz all the time then you need to use one of those fake hdmi dummy plugs, but i've been running many headless setups for years using software such as Teamviewer. I even remember I upgraded all my Win7 rigs to Win10 without having to connect a monitor or keyboard, all it was done thru teamviewer.

When you need to do something low level like going into a bios, then obviously you got no choice. You need to plug in a monitor in there and at least a keyboard. A good tip is that if you are building your open air rig, make sure to mount the GPU0 (plugged into pci3.0 x16 port) somewhere, where you can easily access the DVI connection if you need to plug it in.

If your computer fails to load because a keyboard is not plugged in, then there is a setting to disable that in bios. However most of the time, newer motherboards don't give this errors only legacy motherboards which fail to boot if a keyboard isnt plugged in.
3682  Alternate cryptocurrencies / Mining (Altcoins) / Re: Dead RX 470 - double check your OC before applying! on: July 12, 2021, 03:16:19 PM
I think reinstalling the chip would be the easy part. You already have it disassembled and you can easily use a solder wick to remove all the excess solder from GPU and PCB.

Then all you need to do is recall it which is easy if you got the adapter that goes with the stencil. It makes it easier. If you don’t have it then it will be a pain putting a single solder ball per pin and sometimes you will bump it somewhere and have to start over.

Then when done you just put it into the PCB , align and heat again until it melts into place. Then plug it in and pray that it boots.

Not really that difficult if you got the right equipment. However these days I don’t think there are too many dead GPUs out there which would make it worth investing all this equipment.  How many dead GPUs are there on eBay? Not that many and most of the dead ones you can’t repair because they are dead because they are burnt and you can’t fix a GPU if there is a large burn mark on the PCB.
3683  Economy / Speculation / Re: Bitcoin ratio of supply on exchanges hits 6 months low on: July 12, 2021, 03:51:37 AM
There is a lot of reasons why the supply decreases. Sure there are companies like Tesla which buy billions and which are going to be held in cold storage. But there are other reasons.

Like what was mentioned above. Some retail newbie might lose their BTC due to whales and the whales withdraw those profits into cold storage.

Another reason is people have hardware wallets these days and are worried about security on exchanges and withdraw them. Especially since price hit $64K at one point. So if you had 1 BTC and before it was worth $10000 you might of not cared as much as it’s worth $34K now and decide to buy a $100 hardware wallet to protect yourself.
3684  Economy / Speculation / Re: Is bitcoin a good investment in this pendamic situation? on: July 12, 2021, 03:48:08 AM
From what I am reading most people who want to invest, usually buy Bitcoin and use their savings. Then they get some hardware wallet and hold it long term.

However there are also those people who want to trade Bitcoin, usually with leverage and usually with borrowed funds. Whether it’s from a credit card, loan, line of credit. Those are usually the ones which get liquidated at first. And we saw this back in late 2017 when people were opening up Coinbase accounts and funding with their credit cards. What that led to was visa and MasterCard blocking those transactions because if the market corrected they would be on the hook if it led to people defaulting.

Hence why it’s difficult to buy crypto these days with credit cards .
3685  Economy / Speculation / Re: Will the next economic crisis in the world instead cause financial inflows into on: July 12, 2021, 03:42:44 AM
A few months ago I assumed that once covid was gone, which it pretty much is in most of USA then the world would get back to normal. No more printing and stock markets and crypto would pullback. However not really seeing that yet. Stock market keeps making new highs. People not wanting to work. Everything being expensive like cars and houses. Even luxury clothes or handbags having lines full of people. When will this end?

I don’t see it going on forever. Market needs a correction. Maybe when Fall comes and we are a massive correction in the stock markets we will finally see some pain. But right now markets keep going up and up and nobody knows when it will get in with reality of how the world works.
3686  Economy / Speculation / Re: Is this a good plan on: July 12, 2021, 03:36:36 AM
You should always average in and average out of positions. Basically if you don’t know how then just buy at a certain time of the week or month of whatever price Bitcoin is at. This way you get some good buys, average buy and some which are overpaid but at least you got a good average. Much better than going all in at the wrong time.

Same with selling. You should average out, especially when price is going up. Most people assumed we would touch $100K at least and nobody knew we would peak at $64K. So those that took some profits are in a better situation than those that didn’t sell anything at all.
3687  Economy / Speculation / Re: Overview of the Market on: July 12, 2021, 03:31:51 AM
We all know that trading Bitcoin is safer than most alts. However keep in mind that the profits won’t be as high as say some low cap coin like Shiba.

Look at how much money people on Tiktok or Robinhood made trading Doge. I think most bought in the 5 cent range after it peaked at 9 cents after Elon’s tweets and right before it went to 72 cents before his SNL appearance. What is 72/5 about 14x of gains. If you bought BTC before it broke $20K you would of made about 3x in gains.

So there is a reason why many people buy these low cap alt coins because the profits are much larger.
3688  Alternate cryptocurrencies / Mining (Altcoins) / Re: Dead RX 470 - double check your OC before applying! on: July 12, 2021, 03:22:53 AM
I had a bunch of Tahiti (7950/7970/280x) GPUs throughout the years that all needed to be reballed. Basically if you somehow could manage to get Windows to boot, it would mine until the GPU got cold again. But eventually with enough heat cycles it would stop working all together.

Had a hot air station already so just needed the stensil and solder balls. Bought all that stuff on Alibaba for $10. The issue was removing the old GPU chip for PCB. I kept heating and heating and heating it up and couldn't get it to move. Couldn't go higher in temp because it would burn something. Eventually gave up. Basically you can easily remove something like an iPhone chip because the area is small. However for a large GPU chip you need a special workstation like they used to repair Xbox's back in the day.

Basically not worth the hassle to fix a GPU worth maybe $100.
3689  Alternate cryptocurrencies / Mining (Altcoins) / Re: What do you think about this mini display monitor for rigs? on: July 12, 2021, 03:16:57 AM
Most people never have a monitor, or a keyboard or a mouse connected to their mining rig. They basically either use Linux and just ssh into the terminal or use teamviewer if they are using Windows.

The only time I had to physically hook up a monitor and keyboard was during install or if there was some issue that I couldn't diagnose remotely. So there is no point in leaving a monitor plugged in all the time.

Actually if you leave it plugged in, especially to your GPU it will decrease hashrate or even lead to crashes such it takes more power to output to a display.
3690  Alternate cryptocurrencies / Mining (Altcoins) / Re: Lets stay informed of the London Update on: July 10, 2021, 04:17:55 AM
eth might go a little up but if manipulators dont pump btc's price then eth price will crash faster than it will have gone up to, so exercise caution here, bear market is very close now, soon eth will crash below 400 usd again and btc below 10k. Anyway, I still think manipulators will rise this a little up to get that fools money and then crash very hard, expect a 95-99% crash on most altcoins from top.

I think if it does crash then it'll need to go up first before that happens. This situation is not like 2018 where we kept touching $6K and went up. Back then we had positive funding and everybody assumed that BTC would be over $10K in no-time, everybody was bullish. Now its different. Funding is either flat or negative and there are way too many bears out there. I think people are assuming that $6K is the new $30K and they expect it to break and everybody wants to buy at $20K.

Since this is the most likely scenario, I don't think it will happen. A more realstic situation is BTC breaking the $42K and heading into $50K's and people getting Laser eyes again and everybody calling for $100K bitcoin and funding being positive, that's when we might top. Not right now.

I think this is just a summer slowdown like in July 2013. We will see what happens.
3691  Alternate cryptocurrencies / Mining (Altcoins) / Re: Dead RX 470 - double check your OC before applying! on: July 10, 2021, 04:13:11 AM
Did you by any chance change the thermal paste recently on that GPU? Because i'd had this issue of yours usually after changing thermal paste. It doesn't happen right away, usually a few days or weeks. I think when the GPU is old, the thermal paste is glued to the heatsink, so when you break it apart, you can damage the solder joints. And at first it might work but there can be a small micro-crack. And then the more heat cycles you go thru, that crack will keep spreading and become bigger and bigger.

And you will notice that one day, say your rig runs for 30 days straight, no issues. And then you do a fan cleaning job, and it starts up but you get stability issues for some odd reason. Then you narrow down the GPU. Put it in a regular desktop for testing and you find that when you start windows, you get a BSOD.

But you can actually get the GPU to work if you heat it up for a few minutes, and then when it starts to mine, it'll run until you shut it off again.
3692  Economy / Speculation / Re: analyses of market condition on: July 09, 2021, 04:57:31 AM
Right now there is just way too much chop. Best not to trade this at all. Remember Barts back from 2019? Well they are back and not only due to Bitmex this time. This is proof there is low activity and volume in the markets.

You really are better off waiting until it either breaks $40k or $30k for more than a day and trade in that direction. Keep in mind don’t use stop limit orders for this as those might get hunted.

I think this will happened for the entire month of July and possibly Aug as it’s the summer slowdown. People are on vacation and nobody wants to trade these days.
3693  Economy / Speculation / Re: Is there a pattern when there is a dump like this? on: July 09, 2021, 04:47:40 AM
I’ve been in crypto since 2014 and pretty much lived thru 2 bear markets and let me tell you how you can spot the bottom? The bottom will be when you least expect it.

Many expected the bottom in 2018 to be $6K and they were dead wrong. The bottom was $3K when people were calling for $1K Bitcoin.

In 2015 it was even worst because the market had almost no activity back then. Hardly moved. Then one day Bitfinex breaks the $200 support goes to like $175 and that’s when people throw in the towel and it’s the lowest price I’ve ever seen.

So the low will be when you least expect it . It won’t be $30K or even $20K. That would be too easy.
3694  Alternate cryptocurrencies / Mining (Altcoins) / Re: What will scrypt earnings look like after the L7 is released? on: July 09, 2021, 03:59:42 AM

Dirt on the heatsinks and them selling it as new.. damn that's not very honest.. Is that just with Bitmain or also with WhatsMiner etc.?
Also, do you know how many of these units are being produced? Like tens of thousands? hundreds of thousands? or is there some place I can find this out?

Thanks for the information btw, really appreciate it.

This was years ago with I think the S7. I think there were a few members here who got their units and looked inside and they were full of dirt. When inquired about it, they just said its very dirty warehouse in China.

One way we could track the Bitmain sales was basically by looking at their BTC payment address, you could easily see how many units people ordered by the amount of BTC spent. I think phil used to track this back in the day. No idea if they still do it like that. Most likely each payment has a unique address these days. And many people can pay by fiat which might not be on the blockchain. So impossible to get the unit numbers. They will never release this info.
3695  Alternate cryptocurrencies / Mining (Altcoins) / Re: AC dangerous for mining farm? on: July 09, 2021, 03:55:30 AM
I have a mining farm in my office. The room is very hot and uncomfortable, so I use an air conditioner.
Use split systems, if you choose from household air conditioners, they are the best. Do not use mobile or floor standing air conditioners.
But current cooling is expensive, it is better to use ventilation.

Jugdging from the OP other thread, he most likely lives in a dorm. And pretty sure most dorms DO NOT allow window air conditioners ONLY portable/floor standing AC. Sure the window AC is better because its more efficient because it uses outside air to intake the car instead of the cool air that a portable AC uses, however most apartments/condos/dorms which are in a high level, don't allow you to use a window AC due to improper installation where the AC can fall out the window and kill someone.

Happened too many times and the insurance companies ordered the condo boards to not allow tenants any window ACs. These days you can only use a window AC if you own your own home and in that case you are better off getting some cheap split AC like Mr Cool for like $2K.
3696  Alternate cryptocurrencies / Mining (Altcoins) / Re: Cooling solution needed on: July 09, 2021, 03:51:13 AM
Let me guess you trying and mine at a university dorm? Seems strange why you can't just put it in a different room so you can sleep in peace.

Either way. You need to get a bunch of box fans, put a fan infront of your rig, put another fan behind the rig and put it right by the window. Get another fan to intake fresh air thru a different part of the room, such as another window. And you can also get a fan mounted at the top of the room (which has the hottest air) and exhaust that out also.

The GPUs will be fine with this setup, however you will not. Hope you don;t sleep in this room. Especially in the Summer.
3697  Alternate cryptocurrencies / Mining (Altcoins) / Re: AC dangerous for mining farm? on: July 08, 2021, 08:43:24 PM
I think unless you point your AC straight onto your rig, there won't be any water vapor going directly on your cards. Also even if there is some water vapor, as long as the rig is running the high heat will make the vapor evaporate anyways. This is similar to mining in the dead of winter. You can mine when its extremely cold and as long as your rigs are running. But if your rigs turn off for some reason, there will be condensation and frost which can damage some components.

However I agree with what the above posters have said, don't use an AC to cool your rigs. AC are generally more for human cooling, not computer equipment. GPUs can run hot. Just use a few fans and direct the heat out the window and direct cold air inside your place somehow. This is how most miners do it. No point in using AC.
3698  Economy / Speculation / Re: Will the next economic crisis in the world instead cause financial inflows into on: July 08, 2021, 03:55:16 AM
Bitcoins first recession was during the covid stock market crash of March 2020. People were assuming that everybody would sell stocks and all their possessions for Bitcoin and the reverse happened. Basically for a long time Bitcoin was highly correlated with stock indices.

So Dow Jones goes down.... Bitcoin follows.
Dow Jones goes up... Bitcoin follows.

So if there is another recession, most likely the same will follow suite. Everybody will want to be in cash. So if it happens stocks will drop, and Bitcoin will follow.

Will there be a recession? Very hard to say since the last one happened about a year ago. Seems too close however the markets always have surprises.
3699  Alternate cryptocurrencies / Mining (Altcoins) / Re: What will scrypt earnings look like after the L7 is released? on: July 08, 2021, 03:48:00 AM


Does Bitmain have a history of using their devices for maximum profit before they release them to the public? Does this mean that there won't be much of a change in difficulty when they are released to the public or?


Yeah usually what happens is we see some huge hashrate all of a sudden and then months later some state of the art ASIC is released by some manufacturer. So they are definately mining with it for a while and then release it for sales. In the past many of their "new' miners came with dust found on the heatsinks. They said its due to the dirty areas they are located in or the factory being messy but they probably mined with them.

So you can assume that they are mining right now with them and later will sell them so the difficulty shouldn't change by much however keep in mind they can still produce more of these units and there can be some other ASIC manufacture that can come out with a similar spec for Scrypt. So difficulty is very difficult to predict. No pun intended.
3700  Alternate cryptocurrencies / Mining (Altcoins) / Re: For ETH mining, is ETH price the only factor affecting performance with time?? on: July 08, 2021, 03:31:13 AM
Hi, I am totally new to the Cryptocurrency world, I just bought some altcoins and trying to learn more about this. Recently some friends bought a 3080 card in order to mine ETH and the business is running pretty well for them.

Sadly they don't want to hear the details of this business, as I told them that as I know the mining incoming reduces with time... they just get angry with me... i hate people who don't want to learn every detail of what they are doing, but anyway; this is another issue.

Now I am also considering to mine with GPU, I understand the electricity cost is an issue and that mining incoming is reducing with time, but my question is: did the incoming reduce just because of the coin price reduction?? OR also each time is more difficult to mine because hashes are more and more scarce?

Edit: I ask for ETH, but I think the question and reply applied to any other coin.
When every housewife, student, worker starts thinking about mining farms, then it's time to escape from this market Smiley
Miners will remain in the market, but investing in this business is definitely wrong now if you do not have serious advantages in terms of electricity or a special price.

Its like that in every market. Look at how many people are getting rich of the stock market. Look at how many kids bought stock options for Gamespot and AMC and made 6-7 figures easily. Same with the people who bought Dogecoin at like 5 cents and rode it all the way to $0.72 making crazy amounts of money.

Every market is like this and this is why I am getting cautious about the future. What is the last thing on peoples minds right now is another recession however the way things are going we might be in one in the next 6-12 months or so.
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