$400 is a great price considering these were $250 brand new back in 2016. About a year ago they went for maybe $140 or so. However due to the covid19 chip shortage and the ETH mining profits they went up in price like crazy.

If you want to get out of mining then sell for $400. I highly doubt you will get any more for it. I don't think these will ever go for close to $1000 such as some other GPUs. Right now is a great time to sell. If the chip shortage is behind us and ETH is no longer profitable these will be worth around ~$150 or so. Gamers would much rather go for Nvidia than AMD gpus.

Binance Chain is great however the major issue is that its centralized. I think if there was a way to make it decentralized that many people would start using it. I am not surprised that the network activity increased on BSC because the fees for ETH were just pure crazy. Its nuts paying $10 for an ETH transaction or $25 for an ERC20 transaction or almost $100 for a DeFI transaction, hence why BSC started to gain network usage.

However I think most people don't want to make the switch because they are worried about its centrazliation issue. Which is very important to many people. Hence one of the reasons why alot of people don't like XRP since the owners have too much control. However people are making crazy money with all these projects that they don't really care at the moment.

Most likely given this huge hashrate, there is some mega efficient and fast ETH ASIC out there that is being put into production. This is similar to what happened back in 2018 when the hashrate went up so fast that they weren't producing GPUs fast enough to account for the increase. Then 3 months later we learn't of Bitmains ETH ASIC.

Given how there is a chip shortage and given how most GPUs on the planet are mining ETH there is no other explanation for this huge increase in hashrate. Another explanation can be that maybe there is some exploit similar to ASICboost for BTC. Maybe some farm found a way to get more hashrate out of their current GPUs so instead of mining at 30MH/s they maybe mine at 40MH/s with some GPUBoost for ETH. This is purely speculation however there is definately some farm out there which is at a huge advantage because this hashrate increase is unbelievable.

I had a bunch of the Rx 470 4GB gpus from 2016. And sometime at the end of 2018, i started to sell them because it wasn't profitable anymore. And let me tell you they are very difficult to sell. They can't be sold quickly on the second hand market.

I remember I would make a local ad on Craiglist and it took maybe 2 months to sell a single GPU. Most of the responds were people who were lowballing you. I got alot of messages like "I know you mined with this GPU, I will give you $30 CASH, pickup today!".

A few months back everything changed. You could make a craiglist ad and it would sell in 1 hour. However after the pandemic ends and the chips are back in production, nobody is going to be buying these RX GPUs. For some reason gamers only prefer Nvidia.

Yes now is a good time to sell your gear for top dollar. However be aware and know the risks of selling on eBay. Ebay can bring you the most money and its convinient because you don't need to meet strangers. Just pack it up and drop it off at the courier. However...

They have a transaction policy that is easily sided with the buyer. Basically what happened in the past with crypto bubbles was that people bought GPUs or ASICs and overpaid for them. These people were newbies and didn't know how mining works. They assumed that if they buy a $500 GPU which earns $5/day/GPU that they will make $5/day forever. And what usually happens they make less and less money. From $5/day to $4/day to $3/day .... and eventually they send you a message on eBay asking for a refund "Saying GPU isn't as described". Then all of a sudden you get a message from Paypal saying there is a dispute open.

You can do your best to describe your side of the story to Paypal but they won't care. You will need to accept the return, sometimes losing money on shipping both ways and are stuck with bad feedback.

This generally almost never happens during bear markets or sideways markets. Very rarely can you get taken for a ride then. But during a bull market its very common. So becareful.

It’s almost never the quality of the cable it’s always the connection. I’ve seen many PSU with thin gauge wires and there was never any issues. The issue always lies with the connection male and female pins.

This is the same reason why there are so many people who got melted modular PSU pins. Basically they disconnect and connect the pins a few times and each time the female end gets looser and looser and eventually pulling too much current and it starts to melt.

Even gamers faced this issue many times. Hence why I always disliked modular PSU for anything mining related.

I think BNB will keep pumping along with FTT token until the COIN listing next week. And depending on how Coinbase trades during its IPO week, we will see something similar for BNB/FTT. So bear in mind that if the COIN launch ends up being a huge dump, then most likely the same with happen for BNB. Regardless of what price BNB is at the time or what BTC is doing.

These exchange tokens are very speculative and volatile right now and they are highly risky to trade with leverage. So make sure you just buy on spot. Because when the markets open and it goes live with the COIN stock listing then things can get pretty crazy.

Predicting what will happen? Who knows. Maybe it will be a blow off top, maybe it will keep climbing steady. We will see.

The ETH forks and upgrades never really had any effect on price really. If anything its going to be buy the rumor and sell the news. The only way it might get an effect on the price is maybe if its delayed which happened many times in the past.

Right now most altcoins are pumping like crazy and BTC is lagging which is not a good indicator. Its not good seeing LTC and XRP pumping this hard. It might lead to a market top for BTC and other cryptos. However we will see what happens next week. But if XRP keeps going all the way to $10 and LTC goes to like $1000 then I am pretty confident that $61K was the top and we will enter a bear market soon.

Providing an update. Basically the OI is hitting record highs again and the December futures for BTC has a 25% premium. Can you belive that? Basically by doing the cash and carry trade you can make 25% risk free by just waiting 8 months.

Author Hayes has published a great article about all this "cash and carry" going on with the premiums. If you got 28 minutes you can read his article at,
https://cryptohayes.medium.com/all-aboard-4d50435190d6

He also provides examples and some risks on what you can encounter.

I think most of the short futures and short perps these days are people who are doing these cash and carry trades.

Can you trust any of these analysis predictions? We got Mad Money, we got stock predictions from major banks and hedge funds, we got Motley fool and how many millionaires did they create with their "free" advice, probably none.

Thats why there is always some disclaimer saying that "this is for information only... trading is risky". Because they are making these articles to get headlines and that's about it. If I had to guess they probably just looked at 2017 how it broke $1K and went to $20K, so they just took $20K and multipled it by 20x and got $400K. And that is their analysis pretty much.

I find any of these predictions all useless whether for stocks or crypto. You are better off flipping a coin in my opinion or doing your own due dilegence.

Those GPUs are still overpriced, at least in my area. Even the RX 470 4GB are overpriced right now. I sold a bunch of these throughout the years at $80-100USD and now they are $150-$200 USD. The R9 390 is a rare GPU and commands a pretty high premium, gamers seem to love them.

The 4GB only mines at a fast speed if you keep it in the x16 slot in the motherboard. So you are limited to 1 GPU per motherboard. Doesn't make sense to have too many of those. Hence not worth buying them at $200.

There really aren't any decent deals out there. Even the R9 280X is getting pricy and those are like 8 year old GPUs.

The issue with the melting won't be on the molex side of the adapter but usually the SATA side. When you say cut the adapter on the fans you mean connect it directly to the SATA cable correct? Then he has to plug that into the PSU and the issue is usually that cheap SATA connector melts.

Molex usually has more surface area and can handle all this current. I think in the past I ran maybe 2 risers off a series of MOLEX connectors and didn't have any issues, the connectors never got hot.

With SATA the issues lies in the quality of the SATA adapter to molex, and usually even with little current, that area near the +12V pin, will always be warm or hot. Reason why is the poor connection. The pins inside the adapter need more grip or tension because they are too lose and cause the wire to get hot and melt.

I was going to say that most likely your splitter was badly built. Generally the OEM power supply connectors are good quality and shouldn't give you issues unless you run too much current thru them. Another thing to note is when you say 120 Watts? Is this accurate? How did you measure it? Because with some GPUs it can say 120 Watts in the software but in reality it can pull something like 150 Watts.

I did something similar as you. Just bought a crimp tool and the pins and made many custom cables such as your. Never had any issues either because I bought gold plated pins and they were all perfect snug fit and never got hot or melted.

Generally before bitcoin hits a top, the dominance usually goes down. The way it works is as follows. Money goes into BTC, then flows into altcoins and then flows back in fiat or tether.

Its concerning to see legacy altcoins like XRP and LTC pumping. When these coins pump it usually indicates a top already occured for bitcoin and we might enter a bear market. Look what happened in 2017 with XRP and LTC. They pumped like crazy and we topped out shortly after. I think if LTC goes to like $1000 and XRP to like $5-10. Then $61K most definately was the top and it might be time to start taking profits.

I think the reason they make these predictions is so the people who bought BTC at like $20K don't sell it until it reaches $400K. Then most of wall street takes profit at around $399K and the retail trader doesn't get a chance to sell. Another reason is to get people to buy today at $60K and if it reaches $400K, its a 6x gain. So much better than most of wall street stocks. However people don't realise that a $400K a coin the market cap will be crazy high and unsustainable.

So in my opinion I think if we see $100K it will be remarkable however even that will be a tough way to keep priced suppresed. Especially since many will take profit at $100K who bought at $20K. Keep in mind it will be over $2T pretty much and $400K is what $7T. It will be very difficult for it to keep a price so high for a long time. I don't think its possible.

Anything is possible. Back in 2017 there was institutional investors also. Especially with the launch of the BTC futures. People were thinking an BTC ETF was going to appear shortly after and look what happened.

I don't think we will see 4 digit BTC either, however anything can happen. Right now everybody is greedy. However imagine Tesla sells, Saylor sells and MtGox coins are unlocked and we can see panic very fast and who knows, maybe 4 digit BTC.

Just like what happened back in Nov 2018, everybody was assuming $6K was the bottom and look what happened.

The fees are still pretty high in my opinion. Even though the mining rewards are a little lower the fees are high because the price is almost $2200. Basically even with 100 Gwei which seems to be the min fee these days to send a regular transaction ETH costs $4 and for ERC20 is over $12. This is still expensive.

I think the lowest i've seen the fees is 80 Gwei. So due to all these smart contracts the network will keep being conjested and we will have an average fee of 100 Gwei for the next few months. At least until the DeFI and NFT starts to calm down.

Basically I keep them as far away as possible from one another but the limiting factor here is the length of the USB riser cable. If the cables were longer I would space them further apart. Its easy making a longer mining frame however the issue is with the cables. If you got 4 GPUs its easy to space them apart for better cooling however when you got 6 its when it becomes a problem and you need to keep them together.

I tried to use longer USB cables however the longer the cable the more errors ive gotten. I think there is a limitation how long the cable can be before the signal becomes bad and causes error and freezing. Hence I kept my GPUs maybe 3-4 cm gap between them. SInce they are lower power didn't have any issues.

Yes it should be safe however the only issue might be in the quality of that Molex to SATA adapter you are using. The SATA plug on the PSU is good quality however many of the Molex to SATA adapters are very badly built.

Many of the burnt SATA connections were due to the cheap and bad Molex to SATA adapter plug, usually thats where it started to melt. So plug them in however I would inspect from time to time. Maybe touch it after running it for a few hours make sure its not hot, if its hot it means its a bad connection and something will melt.

Altcoins pumped many times in the past and the bull cycle didn't end. However my prediction is that when LTCBTC pumps like crazy, then it means that whatever the top for BTCUSD was, was most likely the local top.

Right now LTCBTC is like 0.004BTC, if it goes to some crazy number like 0.02BTCLTC it would make LTCUSD valued at something >$1000. That would mean its probably due for a correction. Same way how last time it went from like $50 to like almost $500 right before the bear market started.

This is something we all should look for. And it can happen at anytime. LTCBTC started to pump a few days ago.