arielbit
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June 04, 2021, 04:05:48 AM |
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Anyone looking for other sources of income? When/if eth goes pos profits will be garbage. Chia looks bad, I have 205 TB and my plotting is slowing increasing my revenue but its not going to be worth expanding if the network growth continues. 14TB makes $5 a day which is great but I'm assuming that will go down fast. Defi looks like an avenue no overhead but high risk. I'm taking the revenue I would use to expand mining and using it for DeFi, pancake swap and I'm learning as I go.
If you have BTC or tether or USD on exchanges you can lend those and get some %'s. Currently the fees aren't the greatest. But if you wait until the market gets more bullish they should improve. Many exchanges like Binance and Gemini allow this. You can always sell the futures and long the spot if you got any fiat or tether. However pulling up BTC December futures its only 4% while ETH December futures is 5%. So its 7 months and you would get 5% so almost 10% a year, better than a savings account. With this there is always some form of counterparty risk because you need to leave maybe 25-50% collateral on the exchange to prevent being liquidated if ETH or BTC goes up too fast. when bear market season is in full blast, all of this will be unprofitable. always look for sources of income outside crypto. if you are lucky crypto can give you enough capital to start something, don't lose it in bear market.
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Philipma1957cellphone
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June 04, 2021, 02:22:58 PM |
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Hello folks, i'm looking for server PSUs, breakout boards, and cables that can be used with ASIC miners. Any preferred/reliable sources in the US?
Throwing back a ways, I bought a couple of Corsair 1080Ti Hydro GFX from Phil. They were running great when I powered them off as the market turned bearish. Well fast forward to a few months ago and my wife(!!!) was intrigued with crypto after reading an article in the newspaper about coins and mining. She asked if we could get a miner going. I pulled the 1080Tis out of storage and cranked them up, and they have been mining happily since. They are giving me ~48-49 MH/s each on ethash.
- Zed
I have bought several of the HP 1200 ones off Ebay last couple of months. Can generally get them for $40-50/each without too much trouble. Breakout boards with cables also for around $25. Been using with the L3+'s I have and also on my GPU mining rigs that are using the Rebtech mining board. By the way phil, got me another L3+ over the weekend. Not as good a deal as the last two but could not hold out any longer. So have 3 now. I may catch you some day. the l3+ are very likely the best asics ever made. In terms of profit that is. Oh coinbase is doing doge now. Buy $ 100 or more and they have a giveaway.
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This is philipma1957 alt. Do not conduct business with this account
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philipma1957 (OP)
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June 04, 2021, 03:10:41 PM Last edit: June 04, 2021, 03:22:42 PM by philipma1957 |
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Anyone looking for other sources of income? When/if eth goes pos profits will be garbage. Chia looks bad, I have 205 TB and my plotting is slowing increasing my revenue but its not going to be worth expanding if the network growth continues. 14TB makes $5 a day which is great but I'm assuming that will go down fast. Defi looks like an avenue no overhead but high risk. I'm taking the revenue I would use to expand mining and using it for DeFi, pancake swap and I'm learning as I go.
If you have BTC or tether or USD on exchanges you can lend those and get some %'s. Currently the fees aren't the greatest. But if you wait until the market gets more bullish they should improve. Many exchanges like Binance and Gemini allow this. You can always sell the futures and long the spot if you got any fiat or tether. However pulling up BTC December futures its only 4% while ETH December futures is 5%. So its 7 months and you would get 5% so almost 10% a year, better than a savings account. With this there is always some form of counterparty risk because you need to leave maybe 25-50% collateral on the exchange to prevent being liquidated if ETH or BTC goes up too fast. when bear market season is in full blast, all of this will be unprofitable. always look for sources of income outside crypto. if you are lucky crypto can give you enough capital to start something, don't lose it in bear market. The only earners in bear season are the real low power cost guys. If a 3080 makes 100mh at 1 cent each it is a dollar a day. For me I can turn profit at that. as 250 watts x 24 = 6kwatts at 3 cents = 18 cents the cards makes 82 cents a day. I am good to go. What I can't do is buy cards anymore. I can see a card drop to 1 cent and mh or 2 cent an mh still make money with my paid off cards. But cards are still big $$ 3060ti are all over 1000 on ebay 3070. are over 1200 on ebay 3080 are over 2000 on ebay 3090 are over 2900 on ebay if we drop to 2 cents an mh this makes 1.50 a day that is 2000 days to pay off Shuffle is up soon https://www.newegg.com/product-shufflea 3060 a 3070 a few 3080ti I would get one
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arielbit
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June 04, 2021, 04:13:02 PM |
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Anyone looking for other sources of income? When/if eth goes pos profits will be garbage. Chia looks bad, I have 205 TB and my plotting is slowing increasing my revenue but its not going to be worth expanding if the network growth continues. 14TB makes $5 a day which is great but I'm assuming that will go down fast. Defi looks like an avenue no overhead but high risk. I'm taking the revenue I would use to expand mining and using it for DeFi, pancake swap and I'm learning as I go.
If you have BTC or tether or USD on exchanges you can lend those and get some %'s. Currently the fees aren't the greatest. But if you wait until the market gets more bullish they should improve. Many exchanges like Binance and Gemini allow this. You can always sell the futures and long the spot if you got any fiat or tether. However pulling up BTC December futures its only 4% while ETH December futures is 5%. So its 7 months and you would get 5% so almost 10% a year, better than a savings account. With this there is always some form of counterparty risk because you need to leave maybe 25-50% collateral on the exchange to prevent being liquidated if ETH or BTC goes up too fast. when bear market season is in full blast, all of this will be unprofitable. always look for sources of income outside crypto. if you are lucky crypto can give you enough capital to start something, don't lose it in bear market. The only earners in bear season are the real low power cost guys. If a 3080 makes 100mh at 1 cent each it is a dollar a day. For me I can turn profit at that. as 250 watts x 24 = 6kwatts at 3 cents = 18 cents the cards makes 82 cents a day. I am good to go. What I can't do is buy cards anymore. I can see a card drop to 1 cent and mh or 2 cent an mh still make money with my paid off cards. But cards are still big $$ 3060ti are all over 1000 on ebay 3070. are over 1200 on ebay 3080 are over 2000 on ebay 3090 are over 2900 on ebay if we drop to 2 cents an mh this makes 1.50 a day that is 2000 days to pay off Shuffle is up soon https://www.newegg.com/product-shufflea 3060 a 3070 a few 3080ti I would get one yeah, i think at peak bear market the ROI (at 82 cents profit)of a 1000$ gpu is over 3 years since 3080 is a 2000$ gpu that makes it 6 years ROI, since 3080 will be competing with more efficient GPUs 4080 or 5080 or AMD variants that 6 years will be 9-10 years ROI....where's metroid? this is his line hehehe if you hold that profit until bull market(assuming that coin is still alive or will do above 10x), congratulations you made a life changing profit
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adaseb
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June 05, 2021, 03:45:12 PM |
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You obviously can’t make any profits by shorting the futures and longing spot during a bear market. You can actually do the opposite because the futures will be at a discount so you long the future and sell BTC spot. To do this you need to hodl Bitcoin instead of the reverse which is hodling fiat or tether.
Usually in indecisive markets the futures have a little bit of a premium, almost 8-9% a year. Similar to the rate we have going on now.
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philipma1957 (OP)
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June 05, 2021, 08:33:08 PM |
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Was thinking about getting a
goldshell LB1 does anyone have a source for 1?
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philipma1957 (OP)
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June 06, 2021, 04:12:49 AM |
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BTC maxers do us no favors.
but what do I know.
On a good news 🗞 note.
My wife finally has an xray result with no lung fluids in them.
She got covid Dec 31, 2019
Was hospitalized Jan 10 to Jan 16 , 2020.
Double pneumonia from ? no covid tests that early.
Took her two months to clear the covid infection say march 2020.
But hacking wet cough and lung fluids never stopped.
She was hospitalized again Oct 2020 unlying cause was found and surgery fixed it.
Lungs still had damage and fluid.
Treatment treatment. Went on a high end exotic steroid St Patrick’s day march 17th.
it cleared out her lungs and on the sixth chest xray In the last 18 months here lungs are finally clear.
So we will be joining the real world 🌍 and going back out to dinners and parties etc.
End result she has beaten covid-19 with very little lung scarring. And over 97% normal lungs for a 65 year old.
Next covid adventure will be for me as I may need treatment for damage covid caused me.
It feels good to not worry about this shit anymore.
Back to mining I wont say we are going flat. I wont say we are dropping more. I wont say we are going up to the moon.
But I am selling every Doge I mine. I am selling every eth I mine. I am selling every Ltc I mine. I will hodl all the btc I mine.
If we drop a lot I may sell ½ the btc I mine. I will hodl my btc stack. plus make it grow.
We will know if we are going bear by sept/oct.
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nsummy
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June 06, 2021, 07:13:51 AM |
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Comedy gold. That video never gets old. I wonder if Carlos cashed out while he could. ICO price was 17 cents, and I think at the highest BCC was over $400
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nsummy
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June 06, 2021, 07:15:15 AM |
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Glad to hear your wife is doing well Phil!
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philipma1957 (OP)
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June 06, 2021, 11:40:11 AM |
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Glad to hear your wife is doing well Phil!
Thanks it has been a very long trip back to health for her.
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vapourminer
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what is this "brake pedal" you speak of?
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June 06, 2021, 11:44:08 AM |
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glad to hear the wife is doing well! and i hope your covid problems are easily treatable.
i had mined a bunch of eth for about the last year and mainly just sat on it. unloaded a good chunk of it for fiat near enough that recent high to be happy and basically now just trade it for btc as i mine it.
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generalt
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June 06, 2021, 08:59:32 PM |
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Awesome to hear that the wife is finally better! Go out and celebrate but still be cautious please.
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BTC: 1GENERALrtBAjEv2Ps5cmEW1FADnXh1bCZ
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philipma1957 (OP)
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June 06, 2021, 10:08:40 PM |
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Awesome to hear that the wife is finally better! Go out and celebrate but still be cautious please.
Going to a barbecue for Fourth of July .
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adaseb
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June 06, 2021, 11:16:12 PM |
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Glad to hear your wife is doing better Phil.
Today that Max Keizer guy (the sailor looking fella in the videos I posted above) went on another rant on some interview and basically took out a $10 bill and ripped it to shreds saying the US dollar is going to zero and to buy Bitcoin.
I wonder if any of you guys were around but he actually released a coin called Maxcoin back in 2014. I remember because I switched from mining Doge to Maxcoin for a little while because it was more profitable. It had its own special algo and I still remember how to estimate the hashrate compared to lite coin mining. Basically multiple your hashrate by 1000 and divide by half. So if you got 500khs mining lite coin with an r9 270x you would get 250MHs mining Maxcoin.
And to sell Maxcoin you had to use a special exchange called, mcxnow. And I remember that exchange had a troll box and it was the first troll box I’ve ever spent sometime in. It’s crazy how it’s been 7 years since then and feels like yesterday.
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Vann
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June 07, 2021, 10:20:19 AM Last edit: June 07, 2021, 03:07:49 PM by Vann |
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Glad to hear your wife is doing better Phil.
Today that Max Keizer guy (the sailor looking fella in the videos I posted above) went on another rant on some interview and basically took out a $10 bill and ripped it to shreds saying the US dollar is going to zero and to buy Bitcoin.
I wonder if any of you guys were around but he actually released a coin called Maxcoin back in 2014. I remember because I switched from mining Doge to Maxcoin for a little while because it was more profitable. It had its own special algo and I still remember how to estimate the hashrate compared to lite coin mining. Basically multiple your hashrate by 1000 and divide by half. So if you got 500khs mining lite coin with an r9 270x you would get 250MHs mining Maxcoin.
And to sell Maxcoin you had to use a special exchange called, mcxnow. And I remember that exchange had a troll box and it was the first troll box I’ve ever spent sometime in. It’s crazy how it’s been 7 years since then and feels like yesterday.
I use to listen to Max Keiser's podcast "The truth about markets". He is a long time hard money guy like Peter Schiff. On his podcast he mentioned he was releasing a new coin, which is what got me started mining and to register on Bitcointalk. I remember the first launch failed and on the relaunch there was only a CPU miner available, which had to be compiled from source and only solo mining was available. Once it got listed on an exchange it pumped to over $1 and dumped, never to recover. Like 99.9% of the shitcoin ninja launches from back then, nothing more than a BTC money grab.
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Philipma1957cellphone
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June 07, 2021, 01:20:30 PM |
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I forget but some developers shipped me a free.fgpa to mine max coin.
I mined a few hundred coins they had the bs exchange. I stopped it was a waste of time.
Bitcoin interest was a hybrid mine and stake coin a waste.of time.
I pivoted 20000 bci coins into doge and did the doge.hodl
Worked much better.
My l3+ are still whaling doge and ltc.
They have become the best asics I ever owned.
Doge may well go to huge numbers. We mine 9000-10000 a month
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This is philipma1957 alt. Do not conduct business with this account
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adaseb
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June 07, 2021, 06:26:01 PM |
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Back then most coins were like that. They usually copied Bitcoin and were no premine however the devs usually wanted something out of it. So there was shady stuff going on like a launched coin which had tons of blocks already on its chain or the coin only had a cpu miner initially but the Devs had a secret GPU miner which they used to mine some blocks.
Then when it hit the exchange it either peaked at the launch or it peaked sometime that week and was mostly to get more BTC. Not too many projects were legit. There is even speculation that lite coin was similar. The Dev had a secret GPU miner but only released a CPU miner at the time and was mining at an advantage.
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philipma1957 (OP)
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June 07, 2021, 06:43:29 PM |
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Back then most coins were like that. They usually copied Bitcoin and were no premine however the devs usually wanted something out of it. So there was shady stuff going on like a launched coin which had tons of blocks already on its chain or the coin only had a cpu miner initially but the Devs had a secret GPU miner which they used to mine some blocks.
Then when it hit the exchange it either peaked at the launch or it peaked sometime that week and was mostly to get more BTC. Not too many projects were legit. There is even speculation that lite coin was similar. The Dev had a secret GPU miner but only released a CPU miner at the time and was mining at an advantage.
I heard that about litecoin If you study the mechanics of BTC LTC and DOGE I could see anyone working with or with out each other. But they do have a synergy and allow for easier circulation of $$value I am not a fan of btc maxers or pos pushers. But I do see a few hundred pow coins being able to coexist and fill various services as the true solution to coins in general. People that complain about POW burning power simply do not understand how governments of the world are failing to use mining as an incentive to burn green power for their farms. It is tiring to try to explain how governments of the world are subsidizing coal and oil over solar and wind. At the cost of human life. If you think I am wrong go breath in a tailpipe on a gas car or a smokestack on a coal electric plant. At the moment the sun puts out 50x the power on the planet in sunlight than we burn in oil and coal. We should be hoarding the oil and coal and using the sunlight . Just in case the sun drops its light and power unexpectedly . But no we burn the oil and coal and go du tu dut on our merry way. Musk and his buds are attempting to show they can control the value of pow coins so we need to be aware that they are not in our best interests.
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