Number 9! Ninth altcoin thread. Back to the moon Baby!

[garetjax]

So viabtc > auto widthdrawall to say coinbase, then convert to btc, then to your personal wallet?

You can sell ETH directly on Coinbase, no need to convert it.
In my case, it's Ethermine > auto to Coinbase ballpark once a week or so > sell or hang on to it a bit.

I did recently sell all of it to help pay for my new place though (should close just before end of the month).
Once I move I'll have POWER to work with again!

Thanks Phil and QuintLeo!  Just got my first viabtc auto withdrawal tonight!   Also thanks to all your math Phil you I have picked up 5 5700XT over the last week to add to my rigs - from $429 to $500 in pricing.  I'm getting 57MH each from them.

[philipma1957]

So viabtc > auto widthdrawall to say coinbase, then convert to btc, then to your personal wallet?

You can sell ETH directly on Coinbase, no need to convert it.
In my case, it's Ethermine > auto to Coinbase ballpark once a week or so > sell or hang on to it a bit.

I did recently sell all of it to help pay for my new place though (should close just before end of the month).
Once I move I'll have POWER to work with again!

Thanks Phil and QuintLeo!  Just got my first viabtc auto withdrawal tonight!   Also thanks to all your math Phil you I have picked up 5 5700XT over the last week to add to my rigs - from $429 to $500 in pricing.  I'm getting 57MH each from them.

This pleases me to no end. Good luck.

[garetjax]

So viabtc > auto widthdrawall to say coinbase, then convert to btc, then to your personal wallet?

You can sell ETH directly on Coinbase, no need to convert it.
In my case, it's Ethermine > auto to Coinbase ballpark once a week or so > sell or hang on to it a bit.

I did recently sell all of it to help pay for my new place though (should close just before end of the month).
Once I move I'll have POWER to work with again!

Thanks Phil and QuintLeo!  Just got my first viabtc auto withdrawal tonight!   Also thanks to all your math Phil you I have picked up 5 5700XT over the last week to add to my rigs - from $429 to $500 in pricing.  I'm getting 57MH each from them.

This pleases me to no end. Good luck.

Phil also very interesting about the Vanilla Vodka.  I make homemade Limoncello myself.

[philipma1957]

Yeah we bake with it.
Add it to heavy cream and some maple syrup and whip it. Really really really good whip cream.

Or Drop it into some nice hazelnut coffee.
Or like yesterday put some in ice tea.

I could go on but I won’t.

I backed off on wine and beer due to diabetes.
But the vodka vanilla is okay for me.
I also make limoncello but I prefer this. As it is very versatile.

Also 1.5 liters for 35+75= 110 usd but high end vanilla extract is just about as costly.

[garetjax]

Yeah we bake with it.
Add it to heavy cream and some maple syrup and whip it. Really really really good whip cream.

Or Drop it into some nice hazelnut coffee.
Or like yesterday put some in ice tea.

I could go on but I won’t.

I backed off on wine and beer due to diabetes.
But the vodka vanilla is okay for me.
I also make limoncello but I prefer this. As it is very versatile.

Also 1.5 liters for 35+75= 110 usd but high end vanilla extract is just about as costly.

I will definitely have to make some.  My daughter is a Type 1 - juvenile in her early 20's so she could drink it. And it could occasionally make its way into my coffee.

[philipma1957]

Yeah we bake with it.
Add it to heavy cream and some maple syrup and whip it. Really really really good whip cream.

Or Drop it into some nice hazelnut coffee.
Or like yesterday put some in ice tea.

I could go on but I won’t.

I backed off on wine and beer due to diabetes.
But the vodka vanilla is okay for me.
I also make limoncello but I prefer this. As it is very versatile.

Also 1.5 liters for 35+75= 110 usd but high end vanilla extract is just about as costly.

I will definitely have to make some.  My daughter is a Type 1 - juvenile in her early 20's so she could drink it. And it could occasionally make its way into my coffee.

I used these beans

https://www.amazon.com/Gourmet-Tahitian-Vanilla-Products-USA/dp/B01N22BC4W/ref=sxts_sxwds-bia-wc-nc-drs1_0?

10 for 18. I grabbed 4 packs.  so 72. and the Tito's was 32 or 33 for 1.5 liter.

It does turn to a Coffee color.

compared to hi end vanilla extract it is cheaper. about 105-110 for 50 oz


https://www.amazon.com/Nielsen-Massey-Pure-Vanilla-Extract-ounces/dp/B077MT496B/ref=sr_1_12? this is 38 for 8 oz

and the Tito's tastes better for drinking or baking with then this one does.

[crsminer]

Looks like Linzhi miners are in full force..

https://eth.crazypool.org/#/account/0xef1d6c35a3877ec20a72fe3a2df79cdbaee39148

[philipma1957]

Looks like Linzhi miners are in full force..

https://eth.crazypool.org/#/account/0xef1d6c35a3877ec20a72fe3a2df79cdbaee39148

40 x 2.7 = 100gh or around 1100 nvidia 3080's


https://etherscan.io/chart/hashrate


claims 325th entire network

that would be:

2.7gh x 1,000 =       2.7th
2.7gh x 10,000 =    27.0th
2.7gh x 100,000 = 270.0th

Add in  A10 700mh models

.7gh x     1,000 =  0.7th
.7gh x   10,000 =  7.0th
.7gh x 100,000 = 70.0th

since all the network is at 325th and growing

and since gpus simply can't be found the basics above are being added
and very likely bitmain has something.

Have to think the 4gb card drop off is close to the new cards  being added.

but we grow so the asics above and maybe bitmain are likely 30th to 50th of the 325 we are at.

price is good and cards are scarce so a lot will be okay for card miners for 2 or more months (unless eth price tanks)

I do not think the asics above can be adding 50th more in the next 2 months.

we shall see.

[nsummy]

I'm going to try this out Phil.  I will then do a blind taste test and compare it with this garbage that came out during my college years!

[nsummy]

Probably a dumb question and maybe obvious answer, but what strategies are people using to find cards?  Are there sites that will notify based on availability? Or is it just a matter of finding secret (off the beaten path) sources?  I've been no stranger to finding cards in the past, but the current shortages seem like they far surpass anything from 2017.

[philipma1957]

I'm going to try this out Phil.  I will then do a blind taste test and compare it with this garbage that came out during my college years!

remember mine will look dark due to vanilla bean color

[citronick]

Looks like Linzhi miners are in full force..

https://eth.crazypool.org/#/account/0xef1d6c35a3877ec20a72fe3a2df79cdbaee39148

at 10k pricetag ... and with ETH POS in about 2 years.

Assume that a unit of this miner 100 bucks per day at current ETH price, ROI in just over 3 months, assume diff level dont go crazy, and the occasional tx fees bonus.

Looks like a positive buy, if you can get one.

[philipma1957]

Looks like Linzhi miners are in full force..

https://eth.crazypool.org/#/account/0xef1d6c35a3877ec20a72fe3a2df79cdbaee39148

at 10k pricetag ... and with ETH POS in about 2 years.

Assume that a unit of this miner 100 bucks per day at current ETH price, ROI in just over 3 months, assume diff level dont go crazy, and the occasional tx fees bonus.

Looks like a positive buy, if you can get one.

Yeah but you need it in under 1 week from your payment time.

[fr4nkthetank]

With gpus selling out like crazy, asics coming in, hashrate going up maybe 350 next week, 400 by next month.  But correct me if im wrong, since the specs say (almost 2 years ago)
38.4gb/s per mixer
72 mixers per chip (1mb)
64 chips on board
So thats 4.6 of memory ?  4.6gb but that would be for 1.5 ? ghs.  since we are seeing almost twice that, can we assume 8gb of mem and/or something else
Hard to find updated info but I havent searched that hard.

Long story short
2600mhs / 3000 w vs 27 x 3080s = 5500+watts
what am I missing here, I doubt the asics are 2x efficient as a 3080, or are they?
cant verify, have to trust very little info

[philipma1957]

With gpus selling out like crazy, asics coming in, hashrate going up maybe 350 next week, 400 by next month.  But correct me if im wrong, since the specs say (almost 2 years ago)
38.4gb/s per mixer
72 mixers per chip (1mb)
64 chips on board
So thats 4.6 of memory ?  4.6gb but that would be for 1.5 ? ghs.  since we are seeing almost twice that, can we assume 8gb of mem and/or something else
Hard to find updated info but I havent searched that hard.

Long story short
2600mhs / 3000 w vs 27 x 3080s = 5500+watts
what am I missing here, I doubt the asics are 2x efficient as a 3080, or are they?
cant verify, have to trust very little info

it can do a dag up to 4.4gb which means it has a very short life.

say Sept 1 2021 and it dies.

The key is getting it in hand quickly.

I believe if you get it fast it would be okay.  But if you send in 10k and pay 2500 trump tax you are at 12500 plus shipping 12700.  pay in coin or bank transfer.  and they delay 1 month til feb 28.

in that time the earnings drop to 50 a day or 60 a day  vs 100 a day.

I am pretty sure it pulls about 3200 watts.

[adaseb]

Probably a dumb question and maybe obvious answer, but what strategies are people using to find cards?  Are there sites that will notify based on availability? Or is it just a matter of finding secret (off the beaten path) sources?  I've been no stranger to finding cards in the past, but the current shortages seem like they far surpass anything from 2017.

In the past 2 bull miner cycles (2013 and 2017) I had decent luck with Craiglists. Basically I had alerts for certain GPUs like back in 2013 I would track the "Radeon 7950/7970/280X/290" and in 2017 something like "R9 290/RX 470/RX 480" and when someone would post an ad, I would get notified.

I would check the price and if it wasn't something outragous I would immediately tell the guy "I AM COMING FROM OUT OF TOWN TO PICK THIS UP ASAP FOR MY SONS BIRTHDAY, PLEASE HOLD IT! WILL PAY ASKING PRICE!!!" And basically would get there as soon as possible.

Only once did someone text me half say saying "Sorry sold it for more". The rest just sold it at the agreed price. One guy if I recall said something like "Can you pay more, I got like 10 people wanting to buy this for 50% more". I would just show them all the money I got in my wallet, which was exactly the asking price, and they gave it to me anyways.

Ahh! Those sure were crazy times. Lucky I don't have to go thru that again.

[fr4nkthetank]

4.4 hmmm I wouldnt buy that.  And yes I do think you are correct that profits will drop 30-50% pretty soon, they have been elevated for an extended period.   Someone please correct my math if I am wrong, but in the last say 6 months since 3080 release, we have grown in hashrate the equivalent of 1 - 1.25 million 3080 GPUs, or say 2 million 5700s.  Considering that represents 700-900 million dollars in gpu sales for 6 months....we can realistically say that (by checking Q4 results of nvidia and AMD which will come out soon I suppose) they did not sell for that much in GPUs, and not all gpus went to mining.  So ASICS are out in very large numbers.

[philipma1957]

4.4 hmmm I wouldnt buy that.  And yes I do think you are correct that profits will drop 30-50% pretty soon, they have been elevated for an extended period.   Someone please correct my math if I am wrong, but in the last say 6 months since 3080 release, we have grown in hashrate the equivalent of 1 - 1.25 million 3080 GPUs, or say 2 million 5700s.  Considering that represents 700-900 million dollars in gpu sales for 6 months....we can realistically say that (by checking Q4 results of nvidia and AMD which will come out soon I suppose) they did not sell for that much in GPUs, and not all gpus went to mining.  So ASICS are out in very large numbers.

I have 2x 5700 xt coming tomorrow.

and I am on evga's 3000 series que lists for 11 different gpus.

the que list will be slow to fill.

for now i think I do nada.

[jim007]

I recently got my hands on a cheap mining rig, and it's been mining eth without any problems. So my question for the pros is, what are your strategies for this bull run when it comes to holding vs selling? I'm a day trader, so the motto is to take the money and run. I was thinking of doing the reverse DCA, meaning sell off as soon as I can. Thoughts?

[philipma1957]

I recently got my hands on a cheap mining rig, and it's been mining eth without any problems. So my question for the pros is, what are your strategies for this bull run when it comes to holding vs selling? I'm a day trader, so the motto is to take the money and run. I was thinking of doing the reverse DCA, meaning sell off as soon as I can. Thoughts?

Sell 75% hodl 25%

every 5 days make an adjustment

either sell 80% hodl 20%

or sell 70% hodl 30%