philipma1957
Legendary
Online
Activity: 4270
Merit: 8648
'The right to privacy matters'
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February 06, 2021, 06:42:24 PM |
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So I've been playing around with DeFi with a small bit of some of my old ETH and I went to "stake" some coins and the gas fee was over $2k. I canceled the transaction but I don't see ETH lasting much longer as it is. I've warned people away from ETH due to how overloaded it has all become and it appears that it is unusable at this point.
Eth fees are insane. I mine eth and directly convert it to BTC and fiat. for me an eth coin is paid as if it is 1.89 x actual coin price as the fees are 89% after the pool takes its cut. So 1700 x 1.89 = 3213 so I get paid as if an eth coin is worth 3213. My mining deal is ½ to the host so 1606.5 for me and 1606.5 for the host. basically 1700- 1606.50 = 93.50 for a 1700 coin I immediately convert 900 to btc and 800 to cash So as a miner my eth allows me to buy 900 in btc for 93.50 and have 800 cash. This is stupid good for me and every other eth miner that understands what to do with the cheaply acquired eth. I only wish I could get more mini gear to get more eth to convert to btc I am paying under 11 cents to the dollar for my btc. to around 4400 for 1 btc. obviously I don't have enough mining gear with this or I would not post here. As I would make Bob and Rick look like paupers.
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JayJuanGee
Legendary
Online
Activity: 3864
Merit: 10923
Self-Custody is a right. Say no to"Non-custodial"
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February 06, 2021, 06:46:07 PM Last edit: February 06, 2021, 07:08:03 PM by JayJuanGee |
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Told myself yesterday I'm going to buy more if 40K is passed. Time to open the wallet...
Something is wrong with this scenario.. but hey, peeps gonna do what peeps gonna do... and surely better to be getting in rather than waiting (sitting on thumbs).. that's for sure. Told myself yesterday I'm going to buy more if 40K is passed. Time to open the wallet...
Wait for 42,000$ to be on the safe side. Yeah.. wait until $100k to be "really safe." [edited out]
I CALL UPON AND INVOKE THE JJG GODS TO HELP ME MAKE ME SOME MORE FUN OF THE LIGHT BULB !!!! BZZZZZZZZZ !!! Go install some solar panels. ... 600whats are lots of whats. Exactamente!!!!!.... I am in complete agreement with you, Save the RF, on this particular lame and irrelevant point. These days.. 65watts can give off the same quantity of lumenes.... as the old 600w.. In that regard, we (the royal we, perhaps?) surely need a 65watt 600w in order to modernize. Ok, so I see we're rich again, gals? Been dancing up n down between 40 and 40,7 for almost 4 hours, this is pure torment I've discovered emotions I didn't even know I had before. Bitcoin oh Bitcoin Bitcoin Bitcoin oh Bitcoin Oh Bitcoin Bitcoin#nohomo Don't get emotional, F1980.. This is nothing but a thing - largely normal BTC price movement - even though many of us are either becoming richie or already having had been become richie with a wee bit of icing on the cake (and more icing, and moar.. but who's counting? perhaps the emotional ones?)
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600watt
Legendary
Offline
Activity: 2338
Merit: 2106
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February 06, 2021, 07:12:36 PM |
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Exactamente!!!!!.... I am in complete agreement with you, Save the RF, on this particular lame and irrelevant point. These days.. 65watts can give off the same quantity of lumenes.... as the old 600w.. In that regard, we (the royal we, perhaps?) surely need a 65watt 600w in order to modernize. fuck those cold LEdiodes. i am all for high pressure sodium with lots of juice throughput.
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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February 06, 2021, 07:12:46 PM |
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Biodom
Legendary
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Activity: 3906
Merit: 4365
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February 06, 2021, 07:16:50 PM |
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So I've been playing around with DeFi with a small bit of some of my old ETH and I went to "stake" some coins and the gas fee was over $2k. I canceled the transaction but I don't see ETH lasting much longer as it is. I've warned people away from ETH due to how overloaded it has all become and it appears that it is unusable at this point.
I only wish I could get more mini gear to get more eth to convert to btc I am paying under 11 cents to the dollar for my btc. to around 4400 for 1 btc. obviously I don't have enough mining gear with this or I would not post here. As I would make Bob and Rick look like paupers. Stupid cards are nowhere to be seen. I have only two 1080 ti, one is in a gaming PC, another is mining grin (yes, I am a stubborn fella). Sure, i am missing out on not doing eth and converting to btc, whatever, small potatoes. That said, 3080 unavailability is starting to piss me off (I am not paying $1.5K for a $700 card) and and everybody are blaming eth miners for it.
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xhomerx10
Legendary
Offline
Activity: 3990
Merit: 8703
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February 06, 2021, 07:20:41 PM |
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Exactamente!!!!!.... I am in complete agreement with you, Save the RF, on this particular lame and irrelevant point. These days.. 65watts can give off the same quantity of lumenes.... as the old 600w.. In that regard, we (the royal we, perhaps?) surely need a 65watt 600w in order to modernize. fuck those cold LEdiodes. i am all for high pressure sodium with lots of juice throughput. You have to keep those little babies warm too
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Hhampuz
Legendary
Offline
Activity: 3010
Merit: 6140
Meh.
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February 06, 2021, 07:24:09 PM |
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Damn he's flexing that '09 The Times there in the background, Ross is.
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goldkingcoiner
Legendary
Online
Activity: 2198
Merit: 1955
Verified Bitcoin Hodler
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February 06, 2021, 07:34:26 PM Last edit: February 06, 2021, 08:54:33 PM by goldkingcoiner |
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If you imbue a private key on a physical gold BTC coin and put 1 BTC into the BTC address, you would have a golden Bitcoin worth more than BTC. Silver Haze, before you ask. How is everyone doing today? Edit: Why is Elon Musk pumping Doge so hard? Lining his own pockets?
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Gyrsur
Legendary
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Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
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February 06, 2021, 07:55:54 PM |
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El duderino_
Legendary
Offline
Activity: 2660
Merit: 13000
BTC + Crossfit, living life.
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February 06, 2021, 07:58:59 PM |
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Gyrsur
Legendary
Offline
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
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February 06, 2021, 08:15:50 PM |
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Hhampuz
Legendary
Offline
Activity: 3010
Merit: 6140
Meh.
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February 06, 2021, 08:18:03 PM |
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~
Is that all the gold you need to buy 1 BTC? Imagine all the space you need
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Gyrsur
Legendary
Offline
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
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February 06, 2021, 08:20:41 PM |
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~
Is that all the gold you need to buy 1 BTC? Imagine all the space you need yes. 1 BTC = 22 oz Gold currently. if you have to leave the country your anus is to small for all the Gold!
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Gyrsur
Legendary
Offline
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
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February 06, 2021, 08:59:14 PM Last edit: February 06, 2021, 09:15:38 PM by Gyrsur |
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So I've been playing around with DeFi with a small bit of some of my old ETH and I went to "stake" some coins and the gas fee was over $2k. I canceled the transaction but I don't see ETH lasting much longer as it is. I've warned people away from ETH due to how overloaded it has all become and it appears that it is unusable at this point.
Eth fees are insane. I mine eth and directly convert it to BTC and fiat. for me an eth coin is paid as if it is 1.89 x actual coin price as the fees are 89% after the pool takes its cut. So 1700 x 1.89 = 3213 so I get paid as if an eth coin is worth 3213. My mining deal is ½ to the host so 1606.5 for me and 1606.5 for the host. basically 1700- 1606.50 = 93.50 for a 1700 coin I immediately convert 900 to btc and 800 to cash So as a miner my eth allows me to buy 900 in btc for 93.50 and have 800 cash. This is stupid good for me and every other eth miner that understands what to do with the cheaply acquired eth. I only wish I could get more mini gear to get more eth to convert to btc I am paying under 11 cents to the dollar for my btc. to around 4400 for 1 btc. obviously I don't have enough mining gear with this or I would not post here. As I would make Bob and Rick look like paupers. I see the flippening not coming... https://cointelegraph.com/news/ethereum-posts-new-highs-as-defi-gas-fees-top-1-000-on-complex-protocolshttps://www.flippening.watch some outdated data from AUGUST 20TH, 2020 11:01AM US PACIFIC
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True Myth
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February 06, 2021, 09:09:56 PM |
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Got drunk and put some more random lines on the random lined chart. Posting my projection in the event that I hit a .0005% chance of being correct so I can pretend I knew everything all along. Breakout above ATH on February 14th with a price target of $48,500.
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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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February 06, 2021, 09:32:21 PM |
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Observing large walls at $41k and $42k.
Hopefully there's enough pressure to push through and avoid a double top.
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Gyrsur
Legendary
Offline
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
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February 06, 2021, 09:42:24 PM |
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Observing large walls at $41k and $42k.
Hopefully there's enough pressure to push through and avoid a double top.
double tops should be avoided at all costs.
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lightfoot
Legendary
Offline
Activity: 3164
Merit: 2258
I fix broken miners. And make holes in teeth :-)
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February 06, 2021, 09:44:18 PM Merited by JayJuanGee (1) |
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