Whenever you buy, however much you buy it's smart enough! Just never ever get into leverage trading. I've made it a mission of mine to warn whoever I can against this trap. You only get into leverage if you want to give away your money to Binance, Wintermute and Trump.

Well now that Nvidia will force board partners to source their GDDR themselves, we're officially way into shit hitting the fan territory.

Man I was really hoping to build a new PC soon, but this RAM price explosion will really stop me dead in my tracks.

Sounds like a thing in most BRICS countries. Russia has relatively the same happening to them. No need to mention China.

To brag means to talk. To talk means to expend energy

Being humble often means to shut up. To shut up means to not expend energy => easier and more cost effective

Why would I do something if I could instead do nothing  

We have this old folktale around here. There's this guy who sees his neighbor digging a ditch with a pickaxe, but he's doing it while sitting in a chair. So he goes and asks "Why are you sitting down while digging?", to which the other guy responds "Cause I tried to lay down and dig, but it didn't work"

Point is, be humble folks. Don't waste your efforts running your mouths around people. Nobody cares anyways.

Things are looking up. Over the last 5 days over 500 000 BTC has left exchanges. Looks like lots of BTC changed hands.



Edit: Reserves back up a bit, but things still looking good IMO

I see they keep slapping pieces of duct tape on the ever widening hole in the ship. This time it will fix it for real guys I promise!

The one thing which might help them in the near term is the hordes of tourists. Last year they had like 34 million, which was their best year since COVID. Yet you see so many of them and their politicians complaining about too many tourists everywhere. Brother please! You have to lean into this and be grateful that these people come to pour money into your economy, just because they think your country is cool and pretty. Monetize this as much as possible. Turn the country into a huge theme park if you have to!

Everything hinges on what happens in 2026. If Powell is replaced with someone extremely dovish and rates get cut hard we'll see higher prices. If Trump stimulus checks become a reality BTC price likely will explode. If QT really ends in December and QE starts soon after, it will also help risk assets to explode.

For the rest of the year the biggest thing that I can currently think of and might seriously push prices is whether fed cuts rates in December.

Supply and demand

BTW Russia already rejected the "peace proposal" yesterday, so I don't understand what's the point of Trump pushing it to Ukraine and Europe. Russia rejecting the 28 points which were clearly written by them is another demonstration that they will continue moving the goal post and even if their demands are met, they will just want more.

Yea. The army made up entirely of kontraktniky(contract soldiers) is just a propaganda excuse for people to conveniently close or at least avert their eyes in a typical Russian manner.

At the same time babushkas in market interviews are baffled by the price hikes of the base of all their meals - the humble potatoes. Welp at least Russia is glorious and victorious once again, right?

Ukraine is and will still be the bread basket of the European continent even with the loss of territories. What's lost however is certain recently discovered and undeveloped gas fields, that Russia doesn't exactly need, but desperately wanted for Ukraine to not undercut their gas trade with Europe by becoming a major gas exporter. So instead they went ahead and destroyed most of their gas and oil trade with Europe themselves, like the real chads they are.

Trump just being a super weak negotiator once again. Always trying to take the path of least resistance, and never thinking for even 5-10 years in the future time frame. He can't pressure Putin without pitting in at least a minor effort, so lets instead pressure our allies as that's the easiest thing to do. As it shapes up America will come out of his term weaker than ever on the international stage.


One thing which is Trump's signature is putting pressure on NATO allies to become stronger and more independent, paying more and more for defense. While that's actually a great thing in of itself and for Europe, Trump simply doesn't seem to understand that the US have actually profited massively from Europe being dependent on them for security in the past 80 years. America has encouraged Europe to rely on them and their military presence while at the same time that gives the US incredible leverage in European politics and business. Increased military spending is a small price to pay for having the entire continent be your ever trusty sidekick, with very rare exceptions like France during the Iraq war of 2003. Now Trump will potentially save some billions of dollars but forever destroy an advantage of US international politics that they have protected and benefited from ever since WWII.

Well I'd say they seem to be slowing down on a monthly scale, as their Pokrovsk assault is grinding to a bit of a halt the past week. Their favorite tactic of sending a bunch of guys through fog or other bad weather to take a position and then pray to hold it hasn't paid out after that motorcycle convoy OPSEC screwup. They'll probably pick up a bit of speed sooner or later though.

On the protest thing I wanna mention I just watched a street interview and on the question "We're in a war and many people get killed, what do you think?" one guy responded "There ware wars before like Chechnya and Afghanistan and many conscripts died, and everyone were sad, there were even protests. But these guys in Ukraine go there after signing a contract, so it's by their own free will. They go there to make money, so why should we care what happens to them?" Just illustrates the sorta numbness of Russian thinking in the sense of "If it doesn't immediately concern me I'll ignore it and pretend it doesn't even happen"

I can tell you what happened today. John Williams from the Fed declared they might actually cut rates in December. That's what sent both stocks and crypto up.

It's almost becoming a pattern with people with that particular name  

Guys what kind of settings do you put in the miner for 4 GB RX 570 and other 4 GB GPUs? Also what drivers are best to use at the moment?

I can't seem to make it work. On Windows it keeps telling me I have no OpenCL devices and on HiveOS just nothing happens.

Why not? If that was the case, then it's obviously served great in covering their tracks. People are confused and don't know what's real and what's a made up story. This is all just a speculation, but if you were a malevolent organization that aims at influencing the world without people knowing, why wouldn't you make your people do everything under the same name?

Well I've seen it discussed many times, but since you ask...

Have you never thought of the possibility that Satoshi Nakamoto doesn't exist? That maybe BTC was given to us not by a single person or even a small group of people, but by a large behind the scenes organization that sees this as a step in a master plan to achieve a bigger goal of theirs in the future. Not saying I am a firm believer into such conspiracy theories, but just that you shouldn't accept the existence of a person called Satoshi Nakamoto, who is also the creator of BTC for a 100% guaranteed fact.

Also even if he is real and all, he just might not feel like bothering with all this. Vitalik is constantly in the spotlights and people have certain expectations set for him. Not everyone wants this in their lives. Personally I'd be hesitant to reveal myself at this point if I were Satoshi Nakamoto. He's probably doing well for himself anyway, so I doubt he needs the publicity.

That's a flawed practice that will soon become a thing from the past. To this day one of the major competitors for example doesn't even support the use of GPUs in their network and will not support them for the next 1-2 years. They just hadn't planned for that initially...

There are more than 50 team members. Partnerships and business discussions are being made, but are not being paraded unlike with other projects, which don't even have a product yet. Why do you think SONM were title sponsors at Consensus? To be in a good position to advertise themselves to other companies and potential corporate fog computing clients.

At the time there was no place to see it online, but this presentation at the SONM stand was being done several times a day in front of large crowds, not to mention several presentations made by lead SONM devs on the central stages of Consensus.
https://www.youtube.com/watch?v=lwGAmwxpQoc


On the other side of the fence are competitors who don't even have a ready product. How can you have a partnership if you don't have any tech to provide to your partner? Those are usually just empty words and means for quick PnDs.

Depends on what customers you mean. The 30 GH that were mentioned AFAIK are just customers for mining through the SONM network. Companies like Selectel will add to that. So far from what I know from Igor Lebedev SONM have focused primarily on attracting customers and that's the main thing they do going to all these expos and conferences.

We'll wait and see, it's a brand new market. These don't always have a flying start but who knows. Golem have been trying to run their Brass Golem test version commercially but to a limited success so far. As far as I know they lack customers, but their range of services at this point is non existent so it might be just that they don't have anything interesting to offer. I think they only offer rendering at the moment. SONM will be offering rendering and a lot more after 30th June.

It's obvious there is a market for SONM's services just by looking at the huge money the Amazon and Google cloud services make. SONM should be able to take a piece of that pie, especially with their lower prices, but it might take a while for the customers to make the switch.

Overall sentiment is indeed bearish, but I'm not sure if 3K looks this real yet.

Luckily renting your hardware resources to SONM for other business outside of crypto mining will pay fixed prices in USD, meaning it won't be too affected by bear markets like this one. Just so there's no confusion they will still pay you in SNM tokens, but if SNM gets twice as cheap the people renting your rig will pay you twice as many SNM tokens for the same work. That in itself should help to decrease the volatility of SNM.