8th Alt coin thread. Or what to do now that asics are all over the place.

[adaseb]

purchased a little btc today not much

Yes it's a great price to buy some BTC, even if it turns out not to be the bottom. It has reached the point where I've shut down most of my rigs and will just buy certain coins with fiat because the prices right now are at a bargain compared to beginning of 2017.

I know some prefer mining because they got low electricity rates and it seems like a safer alternative than buying the coins outright but you need to understand that what-if next month the coins all start to rally. Then the difficulty will go back up again because everybody will turn on their rigs and you will miss out on acquiring a fair amount of coins.

I've actually never thought we would see the day of ETH at pretty much $100 a coin again. Took me basically forever to mine an ETH with my current rigs, rather just sell 1 GPU and buy 1 ETH.

[philipma1957]

purchased a little btc today not much

Yes it's a great price to buy some BTC, even if it turns out not to be the bottom. It has reached the point where I've shut down most of my rigs and will just buy certain coins with fiat because the prices right now are at a bargain compared to beginning of 2017.

I know some prefer mining because they got low electricity rates and it seems like a safer alternative than buying the coins outright but you need to understand that what-if next month the coins all start to rally. Then the difficulty will go back up again because everybody will turn on their rigs and you will miss out on acquiring a fair amount of coins.

I've actually never thought we would see the day of ETH at pretty much $100 a coin again. Took me basically forever to mine an ETH with my current rigs, rather just sell 1 GPU and buy 1 ETH.

I grabbed .15 btc  and have more cash set aside if we go under 4000

[adaseb]

purchased a little btc today not much

Yes it's a great price to buy some BTC, even if it turns out not to be the bottom. It has reached the point where I've shut down most of my rigs and will just buy certain coins with fiat because the prices right now are at a bargain compared to beginning of 2017.

I know some prefer mining because they got low electricity rates and it seems like a safer alternative than buying the coins outright but you need to understand that what-if next month the coins all start to rally. Then the difficulty will go back up again because everybody will turn on their rigs and you will miss out on acquiring a fair amount of coins.

I've actually never thought we would see the day of ETH at pretty much $100 a coin again. Took me basically forever to mine an ETH with my current rigs, rather just sell 1 GPU and buy 1 ETH.

I grabbed .15 btc  and have more cash set aside if we go under 4000

Looks like we both bought in a little too early. Really surprised at the speed of this decline without a decent bounce even. I assumed we would at least test $5000 or the old yearly low at $5800 but it goes down, trades sideways for a bit and continues going lower.

ETH might break $100 in the next few hours even.

[Batelk]

purchased a little btc today not much

Yes it's a great price to buy some BTC, even if it turns out not to be the bottom. It has reached the point where I've shut down most of my rigs and will just buy certain coins with fiat because the prices right now are at a bargain compared to beginning of 2017.

I know some prefer mining because they got low electricity rates and it seems like a safer alternative than buying the coins outright but you need to understand that what-if next month the coins all start to rally. Then the difficulty will go back up again because everybody will turn on their rigs and you will miss out on acquiring a fair amount of coins.

I've actually never thought we would see the day of ETH at pretty much $100 a coin again. Took me basically forever to mine an ETH with my current rigs, rather just sell 1 GPU and buy 1 ETH.

I grabbed .15 btc  and have more cash set aside if we go under 4000

Looks like we both bought in a little too early. Really surprised at the speed of this decline without a decent bounce even. I assumed we would at least test $5000 or the old yearly low at $5800 but it goes down, trades sideways for a bit and continues going lower.

ETH might break $100 in the next few hours even.

Is the drop due to the saying by Calvin Ayre that they will give up on the Bitcoin Cash, and concentrate on the Bitcoin version of the Satoshi Vision? So he will wage a war against Bitcoin instead of Bitcoin Cash? That could damage more to the bitcoin itself.

[adaseb]

purchased a little btc today not much

Yes it's a great price to buy some BTC, even if it turns out not to be the bottom. It has reached the point where I've shut down most of my rigs and will just buy certain coins with fiat because the prices right now are at a bargain compared to beginning of 2017.

I know some prefer mining because they got low electricity rates and it seems like a safer alternative than buying the coins outright but you need to understand that what-if next month the coins all start to rally. Then the difficulty will go back up again because everybody will turn on their rigs and you will miss out on acquiring a fair amount of coins.

I've actually never thought we would see the day of ETH at pretty much $100 a coin again. Took me basically forever to mine an ETH with my current rigs, rather just sell 1 GPU and buy 1 ETH.

I grabbed .15 btc  and have more cash set aside if we go under 4000

Looks like we both bought in a little too early. Really surprised at the speed of this decline without a decent bounce even. I assumed we would at least test $5000 or the old yearly low at $5800 but it goes down, trades sideways for a bit and continues going lower.

ETH might break $100 in the next few hours even.

Is the drop due to the saying by Calvin Ayre that they will give up on the Bitcoin Cash, and concentrate on the Bitcoin version of the Satoshi Vision? So he will wage a war against Bitcoin instead of Bitcoin Cash? That could damage more to the bitcoin itself.

I honestly don't think its due to Calvin Ayre or Craig Wright. Its just a coincidence that it happened at the same time.

So far with the evidence presented, I don't think he is really Satoshi. If he was Satoshi, he wouldn't waste his time and would just retire on an island somewhere. I know that money can make certain individuals act like they are high and mighty but I doubt that his personality completely changed by reading Satoshi's old bitcointalk forum posts and what Craig Wright posts on twitter.

I just think its because $6K broke and panic just set in. Many assumed it was the bottom and over-leveraged themselves and got liquidated on Mex. Even with a small leveraged long, most got rekt when it almost lost half its value in such a fast paced move.

[QuintLeo]

Is the drop due to the saying by Calvin Ayre that they will give up on the Bitcoin Cash, and concentrate on the Bitcoin version of the Satoshi Vision? So he will wage a war against Bitcoin instead of Bitcoin Cash? That could damage more to the bitcoin itself.

I am quite sure that most of it is being driven by Jihan Wu financing his "War on BCH-SV" coupled with Bitmain cashflow issues and having to dump a ton of their BCH (and probably other coins as well) horde.

I have never understood the whole "BCH" junkcoin push by Wu - it's not like cryptocoin NEEDED yet another junkcoin, and the only reason BCH ever got any traction at all was Bitmain FORCING it to be used to buy their miners for quite a while.

[abstractHaze]

maybe 2 much .

[adaseb]

Is the drop due to the saying by Calvin Ayre that they will give up on the Bitcoin Cash, and concentrate on the Bitcoin version of the Satoshi Vision? So he will wage a war against Bitcoin instead of Bitcoin Cash? That could damage more to the bitcoin itself.

I am quite sure that most of it is being driven by Jihan Wu financing his "War on BCH-SV" coupled with Bitmain cashflow issues and having to dump a ton of their BCH (and probably other coins as well) horde.

I have never understood the whole "BCH" junkcoin push by Wu - it's not like cryptocoin NEEDED yet another junkcoin, and the only reason BCH ever got any traction at all was Bitmain FORCING it to be used to buy their miners for quite a while.

Most likely the reason why Bitmain holds so much BCH is because they got greedy and didn't sell at $3000-4000 last year when Coinbase added it.

I am sure they sold it in small quantities but not enough. They were probably expecting $10000 BCH and were going to sell it done. Their BTC they probably sold way too early and didn't get a chance to sell at $20K.

The WU is a pretty smart individual but everyone makes bad investment decisions from time to time.

[philipma1957]

Is the drop due to the saying by Calvin Ayre that they will give up on the Bitcoin Cash, and concentrate on the Bitcoin version of the Satoshi Vision? So he will wage a war against Bitcoin instead of Bitcoin Cash? That could damage more to the bitcoin itself.

I am quite sure that most of it is being driven by Jihan Wu financing his "War on BCH-SV" coupled with Bitmain cashflow issues and having to dump a ton of their BCH (and probably other coins as well) horde.

I have never understood the whole "BCH" junkcoin push by Wu - it's not like cryptocoin NEEDED yet another junkcoin, and the only reason BCH ever got any traction at all was Bitmain FORCING it to be used to buy their miners for quite a while.

Most likely the reason why Bitmain holds so much BCH is because they got greedy and didn't sell at $3000-4000 last year when Coinbase added it.

I am sure they sold it in small quantities but not enough. They were probably expecting $10000 BCH and were going to sell it done. Their BTC they probably sold way too early and didn't get a chance to sell at $20K.

The WU is a pretty smart individual but everyone makes bad investment decisions from time to time.

and he may still be chasing that.  If so he will fuck up some more.

[nsummy]

Is the drop due to the saying by Calvin Ayre that they will give up on the Bitcoin Cash, and concentrate on the Bitcoin version of the Satoshi Vision? So he will wage a war against Bitcoin instead of Bitcoin Cash? That could damage more to the bitcoin itself.

I am quite sure that most of it is being driven by Jihan Wu financing his "War on BCH-SV" coupled with Bitmain cashflow issues and having to dump a ton of their BCH (and probably other coins as well) horde.

I have never understood the whole "BCH" junkcoin push by Wu - it's not like cryptocoin NEEDED yet another junkcoin, and the only reason BCH ever got any traction at all was Bitmain FORCING it to be used to buy their miners for quite a while.

I wouldn't quite term it as a junkcoin.  BCH came out when there were legitimate problems and arguments regarding block size.

[nsummy]

Is the drop due to the saying by Calvin Ayre that they will give up on the Bitcoin Cash, and concentrate on the Bitcoin version of the Satoshi Vision? So he will wage a war against Bitcoin instead of Bitcoin Cash? That could damage more to the bitcoin itself.

I am quite sure that most of it is being driven by Jihan Wu financing his "War on BCH-SV" coupled with Bitmain cashflow issues and having to dump a ton of their BCH (and probably other coins as well) horde.

I have never understood the whole "BCH" junkcoin push by Wu - it's not like cryptocoin NEEDED yet another junkcoin, and the only reason BCH ever got any traction at all was Bitmain FORCING it to be used to buy their miners for quite a while.

Most likely the reason why Bitmain holds so much BCH is because they got greedy and didn't sell at $3000-4000 last year when Coinbase added it.

I am sure they sold it in small quantities but not enough. They were probably expecting $10000 BCH and were going to sell it done. Their BTC they probably sold way too early and didn't get a chance to sell at $20K.

The WU is a pretty smart individual but everyone makes bad investment decisions from time to time.

Does anyone actually know how much BCH Bitmain holds?  The reports of Bitmain's financial demise have all been speculation, and mostly coming from opponents in the recent fork.  I'm sure they hold plenty of crypto but without a doubt Bitmain has sold a substantial amount.  They aren't paying their distributors, shippers, employees, rent, and taxes in crypto.  Holding an extreme amount of cash reserves in a volatile crypto would certainly be a fools errand.

[citronick]

My group has shutdown all of our SHA256 farms.

There is a small 250TH farm which will contractually end by end of December.

So just for giggles, I pointed that farm to f2pool's BitcoinSV pool.

https://www.f2pool.com/bchsv/qq7kjn9lfpclxvrpel7txl4z8j2pyg20nuavehum7f

Hope to get some beer money this Christmas.

[philipma1957]

Is the drop due to the saying by Calvin Ayre that they will give up on the Bitcoin Cash, and concentrate on the Bitcoin version of the Satoshi Vision? So he will wage a war against Bitcoin instead of Bitcoin Cash? That could damage more to the bitcoin itself.

I am quite sure that most of it is being driven by Jihan Wu financing his "War on BCH-SV" coupled with Bitmain cashflow issues and having to dump a ton of their BCH (and probably other coins as well) horde.

I have never understood the whole "BCH" junkcoin push by Wu - it's not like cryptocoin NEEDED yet another junkcoin, and the only reason BCH ever got any traction at all was Bitmain FORCING it to be used to buy their miners for quite a while.

Most likely the reason why Bitmain holds so much BCH is because they got greedy and didn't sell at $3000-4000 last year when Coinbase added it.

I am sure they sold it in small quantities but not enough. They were probably expecting $10000 BCH and were going to sell it done. Their BTC they probably sold way too early and didn't get a chance to sell at $20K.

The WU is a pretty smart individual but everyone makes bad investment decisions from time to time.

Does anyone actually know how much BCH Bitmain holds?  The reports of Bitmain's financial demise have all been speculation, and mostly coming from opponents in the recent fork.  I'm sure they hold plenty of crypto but without a doubt Bitmain has sold a substantial amount.  They aren't paying their distributors, shippers, employees, rent, and taxes in crypto.  Holding an extreme amount of cash reserves in a volatile crypto would certainly be a fools errand.

They used a lot of bch mixer accounts hard to tell.

I do know they had 110,000 btc Jan 2017 which also means they had 110,000 bch after it forked from btc.

Those major btc  holding accounts are only  2,000  to 3,800   As of nov 2018.

Now they sold some off but lots of mixing accounts were used.

It is next to impossible to know if they are solvent broke or ready to exit with tons of coins turned to cash.

[Marvell2]

My group has shutdown all of our SHA256 farms.

There is a small 250TH farm which will contractually end by end of December.

So just for giggles, I pointed that farm to f2pool's BitcoinSV pool.

https://www.f2pool.com/bchsv/qq7kjn9lfpclxvrpel7txl4z8j2pyg20nuavehum7f

Hope to get some beer money this Christmas.

Did you Roi on the hardware?

[adaseb]

Is the drop due to the saying by Calvin Ayre that they will give up on the Bitcoin Cash, and concentrate on the Bitcoin version of the Satoshi Vision? So he will wage a war against Bitcoin instead of Bitcoin Cash? That could damage more to the bitcoin itself.

I am quite sure that most of it is being driven by Jihan Wu financing his "War on BCH-SV" coupled with Bitmain cashflow issues and having to dump a ton of their BCH (and probably other coins as well) horde.

I have never understood the whole "BCH" junkcoin push by Wu - it's not like cryptocoin NEEDED yet another junkcoin, and the only reason BCH ever got any traction at all was Bitmain FORCING it to be used to buy their miners for quite a while.

Most likely the reason why Bitmain holds so much BCH is because they got greedy and didn't sell at $3000-4000 last year when Coinbase added it.

I am sure they sold it in small quantities but not enough. They were probably expecting $10000 BCH and were going to sell it done. Their BTC they probably sold way too early and didn't get a chance to sell at $20K.

The WU is a pretty smart individual but everyone makes bad investment decisions from time to time.

Does anyone actually know how much BCH Bitmain holds?  The reports of Bitmain's financial demise have all been speculation, and mostly coming from opponents in the recent fork.  I'm sure they hold plenty of crypto but without a doubt Bitmain has sold a substantial amount.  They aren't paying their distributors, shippers, employees, rent, and taxes in crypto.  Holding an extreme amount of cash reserves in a volatile crypto would certainly be a fools errand.

They used a lot of bch mixer accounts hard to tell.

I do know they had 110,000 btc Jan 2017 which also means they had 110,000 bch after it forked from btc.

Those major btc  holding accounts are only  2,000  to 3,800   As of nov 2018.

Now they sold some off but lots of mixing accounts were used.

It is next to impossible to know if they are solvent broke or ready to exit with tons of coins turned to cash.

Don't know if you guys remember but they were pretty much insta-mining BCH right after the fork and right before that difficulty adjustment fork that they implemented a couple weeks after.

Due to their terrible "difficulty adjustment criteria" which only adjusted the difficulty down and not up, there were times where they mined 50 blocks an hour. It got bad because many BTC miners switched over to BCH because it was 2-3x more profitable and it ended up backlogging the BTC transactions.

Pretty sure this is how they accumulated so much BCH.  This is why the BCH chain is so much further ahead than BTC.

[citronick]

My group has shutdown all of our SHA256 farms.

There is a small 250TH farm which will contractually end by end of December.

So just for giggles, I pointed that farm to f2pool's BitcoinSV pool.

https://www.f2pool.com/bchsv/qq7kjn9lfpclxvrpel7txl4z8j2pyg20nuavehum7f

Hope to get some beer money this Christmas.

Did you Roi on the hardware?

My group started the farms in 2016 using S9 Batch 1s and Avalons 721s and have ROI them esp during the BTC 20k highs. The current gear today, like 55TH M10s are too far of a gap, leaving our miners not worth powering up, and even this miner is under water with depressed BTC price now.

This ABC vs SV war is too hard to chase so I decided to put the 250TH farm to -ck's solo pool --- one last chance to hit a block before they retire. I personally hit 2 solo blocks at -ck in my lifetime. 25 BTC per block that time.... how time flies.

[dragonmike]

My group has shutdown all of our SHA256 farms.

There is a small 250TH farm which will contractually end by end of December.

So just for giggles, I pointed that farm to f2pool's BitcoinSV pool.

https://www.f2pool.com/bchsv/qq7kjn9lfpclxvrpel7txl4z8j2pyg20nuavehum7f

Hope to get some beer money this Christmas.

Did you Roi on the hardware?

My group started the farms in 2016 using S9 Batch 1s and Avalons 721s and have ROI them esp during the BTC 20k highs. The current gear today, like 55TH M10s are too far of a gap, leaving our miners not worth powering up, and even this miner is under water with depressed BTC price now.

This ABC vs SV war is too hard to chase so I decided to put the 250TH farm to -ck's solo pool --- one last chance to hit a block before they retire. I personally hit 2 solo blocks at -ck in my lifetime. 25 BTC per block that time.... how time flies.

Horrendous. It's 2014 all over again. Trying to chase some stupid no-name coins that might or might not still keep your rigs above water somehow. I'm pretty much done with it, tbh. Unless I can get an extraordinary power deal I'm shutting down my rigs... Unless I am sitting in my attic and need heating (because otherwise I'm fekkin' freezing)!

[citronick]

My group has shutdown all of our SHA256 farms.

There is a small 250TH farm which will contractually end by end of December.

So just for giggles, I pointed that farm to f2pool's BitcoinSV pool.

https://www.f2pool.com/bchsv/qq7kjn9lfpclxvrpel7txl4z8j2pyg20nuavehum7f

Hope to get some beer money this Christmas.

Did you Roi on the hardware?

My group started the farms in 2016 using S9 Batch 1s and Avalons 721s and have ROI them esp during the BTC 20k highs. The current gear today, like 55TH M10s are too far of a gap, leaving our miners not worth powering up, and even this miner is under water with depressed BTC price now.

This ABC vs SV war is too hard to chase so I decided to put the 250TH farm to -ck's solo pool --- one last chance to hit a block before they retire. I personally hit 2 solo blocks at -ck in my lifetime. 25 BTC per block that time.... how time flies.

Horrendous. It's 2014 all over again. Trying to chase some stupid no-name coins that might or might not still keep your rigs above water somehow. I'm pretty much done with it, tbh. Unless I can get an extraordinary power deal I'm shutting down my rigs... Unless I am sitting in my attic and need heating (because otherwise I'm fekkin' freezing)!

Even the cheap power in Canada (Labrador) is not as cheap as before with "mining tax" introduced soon and smaller hosting setups being squeezed out by the bigger boys -- mainly from China relocated to Labrador.

So unless you know someone who has free power or inherited a nuclear power plant, the economics of most GPU and ASICs based mining is not profitable anymore.

My 240xGPU AMD farm is also now shutdown but I still power up my 22 x 1080ti every now and then.... hope this Crypto Winter ends soon.

The only consolation for my group is that the gears are ROIed and thanks to the 2015/16 investments - we had a good run with ETH from $2 bucks and BTC from $600 bucks.... well it was fun while it lasted.

[Marvell2]

My group has shutdown all of our SHA256 farms.

There is a small 250TH farm which will contractually end by end of December.

So just for giggles, I pointed that farm to f2pool's BitcoinSV pool.

https://www.f2pool.com/bchsv/qq7kjn9lfpclxvrpel7txl4z8j2pyg20nuavehum7f

Hope to get some beer money this Christmas.

Did you Roi on the hardware?

My group started the farms in 2016 using S9 Batch 1s and Avalons 721s and have ROI them esp during the BTC 20k highs. The current gear today, like 55TH M10s are too far of a gap, leaving our miners not worth powering up, and even this miner is under water with depressed BTC price now.

This ABC vs SV war is too hard to chase so I decided to put the 250TH farm to -ck's solo pool --- one last chance to hit a block before they retire. I personally hit 2 solo blocks at -ck in my lifetime. 25 BTC per block that time.... how time flies.

Horrendous. It's 2014 all over again. Trying to chase some stupid no-name coins that might or might not still keep your rigs above water somehow. I'm pretty much done with it, tbh. Unless I can get an extraordinary power deal I'm shutting down my rigs... Unless I am sitting in my attic and need heating (because otherwise I'm fekkin' freezing)!

Even the cheap power in Canada (Labrador) is not as cheap as before with "mining tax" introduced soon and smaller hosting setups being squeezed out by the bigger boys -- mainly from China relocated to Labrador.

So unless you know someone who has free power or inherited a nuclear power plant, the economics of most GPU and ASICs based mining is not profitable anymore.

My 240xGPU AMD farm is also now shutdown but I still power up my 22 x 1080ti every now and then.... hope this Crypto Winter ends soon.

The only consolation for my group is that the gears are ROIed and thanks to the 2015/16 investments - we had a good run with ETH from $2 bucks and BTC from $600 bucks.... well it was fun while it lasted.

well you at least roied on your gear most ppl did not even come close.  My gpus roied but ia have six s9s and a bunch of d3 and a3 way underwater all shut off since the summer.  Never buying another asic.

i have lowe power at .8 cents in the winter so ill mine a bit longer but youre right with the tax it comes to .10 cents maybe 11, so im mining at a slight loss

[rifiuti]

Is the drop due to the saying by Calvin Ayre that they will give up on the Bitcoin Cash, and concentrate on the Bitcoin version of the Satoshi Vision? So he will wage a war against Bitcoin instead of Bitcoin Cash? That could damage more to the bitcoin itself.

I am quite sure that most of it is being driven by Jihan Wu financing his "War on BCH-SV" coupled with Bitmain cashflow issues and having to dump a ton of their BCH (and probably other coins as well) horde.

I have never understood the whole "BCH" junkcoin push by Wu - it's not like cryptocoin NEEDED yet another junkcoin, and the only reason BCH ever got any traction at all was Bitmain FORCING it to be used to buy their miners for quite a while.

Most likely the reason why Bitmain holds so much BCH is because they got greedy and didn't sell at $3000-4000 last year when Coinbase added it.

I am sure they sold it in small quantities but not enough. They were probably expecting $10000 BCH and were going to sell it done. Their BTC they probably sold way too early and didn't get a chance to sell at $20K.

The WU is a pretty smart individual but everyone makes bad investment decisions from time to time.

Does anyone actually know how much BCH Bitmain holds?  The reports of Bitmain's financial demise have all been speculation, and mostly coming from opponents in the recent fork.  I'm sure they hold plenty of crypto but without a doubt Bitmain has sold a substantial amount.  They aren't paying their distributors, shippers, employees, rent, and taxes in crypto.  Holding an extreme amount of cash reserves in a volatile crypto would certainly be a fools errand.

They hold little over a million (%5.7 of the supply);