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

[BogdanCo]

I grabbed some cheap btc.

Did the same.

[1714714855]

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[philipma1957]

Well I keep getting my posts deleted in the BTC speculation tread on BTC difficulty.

So to give a better explanation on Difficulty ratios and price ratios I will do it here.

All of the below are facts:

1)there is a 3300 watt btc miner the s19pro

2)there is a 3300 watt asic miner the Linzhi


3) 3300 watts is 80 kwatts a day 4 usd at 5 power cost

4) the s19pro makes 110 x  $0.3461  =  $38.07  minus 80 kwatts of power say 5 cents thus 38.07 - 4.00 = $34.07 profit

5) the linzhi makes 2700 x $0.0988 = $ 266.76 minus the same 4 usd in power = $262.76 profit

6) Bitmain has built the s19pro
7) Bitmain has built asic mining eth machines.
Bitmain has landed 3 huge deals for cloud mining this year.



9)   Eth diff rate is fairly stable since coal and power was restricted in China
10) BTC diff rate has tanks by over 20% since coal and power was restricted in China


Next is not a certain fact. It is a conclusion based on the 10 facts above.

Bitmain has excess gear in the cloud mines

 it has 20% extra s19s
 It has 20% extra eth machines

now faced with a lack of power what machines get turn off and what machines get turned on.

They shut down 20% of their btc gear
they turn on 20% of their eth gear

that auto vert the excess eth into btc to pay the btc cloud people and they cut their power bigly.

[DigitalFarns]

Looking at the linzhi page and the numbers you and they are both saying...  seems like a way too good to be true kinda thing, if I'm looking at it right.  And I'm seeing it only has 4.6G memory from which 4.4G is avaialble for the DAG.  That is no bueno, right?  the Dag exceeded 4 GB recently, if I'm understanding what I think I'm understanding about this. 

[philipma1957]

Looking at the linzhi page and the numbers you and they are both saying...  seems like a way too good to be true kinda thing, if I'm looking at it right.  And I'm seeing it only has 4.6G memory from which 4.4G is avaialble for the DAG.  That is no bueno, right?  the Dag exceeded 4 GB recently, if I'm understanding what I think I'm understanding about this. 

the linzhi is very near eol.


but bitmain has made many eth asic miners innosilicon has made eth asic miners

so we are at a point in mining that builders dont need to sell gear.

they are using it for their own mining purposes.

they get more profit by mining then by sell the gear.

[DigitalFarns]

Since starting here several months ago, I first was attracted to the asics, for the hashrate density, but quickly realized they cost a ton and were impossible to get.  So I started exploring GPU mining, and ended up in the same place LOL.  So it's been interesting to look at asics again, wondering if maybe they might now be easier to get than GPUs.  Linzhi site shows you can order for a May shipment, or June or July.  Kind of interesting.  But again, the numbers seem way too good to be true, if I'm looking at them right.  eth profit calculator shows one profiting $8k a month right now. 

[philipma1957]

Since starting here several months ago, I first was attracted to the asics, for the hashrate density, but quickly realized they cost a ton and were impossible to get.  So I started exploring GPU mining, and ended up in the same place LOL.  So it's been interesting to look at asics again, wondering if maybe they might now be easier to get than GPUs.  Linzhi site shows you can order for a May shipment, or June or July.  Kind of interesting.  But again, the numbers seem way too good to be true, if I'm looking at them right.  eth profit calculator shows one profiting $8k a month right now. 

Its EOL is too short.

And I think you are looking at the scam website.  Do not buy the gear.

[DigitalFarns]

figured that was a pretty good possibility too.  Of course on all things I'm just window shopping and crunching numbers.  nothing to buy and no money to buy it with so I'm safe hahahaha

[philipma1957]

figured that was a pretty good possibility too.  Of course on all things I'm just window shopping and crunching numbers.  nothing to buy and no money to buy it with so I'm safe hahahaha

I grabbed this

https://www.bestbuy.com/site/dell-g5-15-6-fhd-gaming-laptop-amd-ryzen-5-8gb-ram-amd-radeon-rx-5600m-256gb-ssd-60hz-red-print-backlit-keyboard-grey/6409419.p?

Its kind of good but not really good.

Makes about 3 day and burns about 3 kwatts a day

[adaseb]

No idea if any of you guys follow twitter but apartently FirtsSquawk which is an individual that most people follow in the financial sector because they deliver important market events in real time. Its great to have them on your feed because you get up to the minute market events.

Earlier today they tweeted that "CME futures is going to launch Doge futures". And because of this Doge started to rally, or at least didnt tank like everything else. Now people are thinking they might be hacked because I don't think there is going to be a Doge futures on the CME. ETH I understand, maybe LTC or XRP. But I just don't see Doge making the cut.

[arielbit]

No idea if any of you guys follow twitter but apartently FirtsSquawk which is an individual that most people follow in the financial sector because they deliver important market events in real time. Its great to have them on your feed because you get up to the minute market events.

Earlier today they tweeted that "CME futures is going to launch Doge futures". And because of this Doge started to rally, or at least didnt tank like everything else. Now people are thinking they might be hacked because I don't think there is going to be a Doge futures on the CME. ETH I understand, maybe LTC or XRP. But I just don't see Doge making the cut.

the doge is out of the bag..it broke its all time high in (satoshi value) cryptsy LOL, anything can happen. maybe 1$ is not impossible anymore.

[philipma1957]

doge is pushing 41 cents

man I made 60k on it and feel bad cause I sold it too soon. If I held it all it would be 430,000k



Well we are mining it.

last summer we mined about 10000 doge a month worth 0.0033 x 10000 = 33 usd

right now we are mining about 10000 doge a month worth 0.4100 x 10000 = 4100 usd

So if doge grows to a buck it would be 1.00 x 10,000 = 10,000 usd

meanwhile btc diff has dropped off 25%

https://diff.cryptothis.com

Latest Block:   679779  (16 minutes ago)

Current Pace:   74.1614%  (388 / 523.18 expected, 135.18 behind) almost 1 day behind

Previous Difficulty:   23137439666472.05                            
Current Difficulty:   23581981443663.85                            
Next Difficulty:   between 17494476147397 and 21035605800032
Next Difficulty Change:   between -25.8142% and -10.7980%
Previous Retarget:   last Thursday at 3:40 PM  (+1.9213%)
Next Retarget (earliest):   May 1, 2021 at 8:23 AM  (in 12d 1h 31m 39s)
Next Retarget (latest):   May 4, 2021 at 12:43 PM  (in 15d 5h 52m 6s)
Projected Epoch Length:   between 15d 16h 43m 29s and 18d 21h 3m 56s ...

 

[philipma1957]

doge is pushing 41 cents

man I made 60k on it and feel bad cause I sold it too soon. If I held it all it would be 430,000k



Well we are mining it.

last summer we mined about 10000 doge a month worth 0.0033 x 10000 = 33 usd

right now we are mining about 10000 doge a month worth 0.4100 x 10000 = 4100 usd

So if doge grows to a buck it would be 1.00 x 10,000 = 10,000 usd

meanwhile btc diff has dropped off 25%

https://diff.cryptothis.com

Latest Block:   679779  (16 minutes ago)

Current Pace:   74.1614%  (388 / 523.18 expected, 135.18 behind) almost 1 day behind

Previous Difficulty:   23137439666472.05                            
Current Difficulty:   23581981443663.85                            
Next Difficulty:   between 17494476147397 and 21035605800032
Next Difficulty Change:   between -25.8142% and -10.7980%
Previous Retarget:   last Thursday at 3:40 PM  (+1.9213%)
Next Retarget (earliest):   May 1, 2021 at 8:23 AM  (in 12d 1h 31m 39s)
Next Retarget (latest):   May 4, 2021 at 12:43 PM  (in 15d 5h 52m 6s)
Projected Epoch Length:   between 15d 16h 43m 29s and 18d 21h 3m 56s ...

 

Shuffle is up
https://www.newegg.com/product-shuffle

you have 88 minutes

[ZeeeN]

doge is pushing 41 cents

man I made 60k on it and feel bad cause I sold it too soon. If I held it all it would be 430,000k



Well we are mining it.

last summer we mined about 10000 doge a month worth 0.0033 x 10000 = 33 usd

right now we are mining about 10000 doge a month worth 0.4100 x 10000 = 4100 usd

So if doge grows to a buck it would be 1.00 x 10,000 = 10,000 usd

meanwhile btc diff has dropped off 25%

https://diff.cryptothis.com

Latest Block:   679779  (16 minutes ago)

Current Pace:   74.1614%  (388 / 523.18 expected, 135.18 behind) almost 1 day behind

Previous Difficulty:   23137439666472.05                            
Current Difficulty:   23581981443663.85                            
Next Difficulty:   between 17494476147397 and 21035605800032
Next Difficulty Change:   between -25.8142% and -10.7980%
Previous Retarget:   last Thursday at 3:40 PM  (+1.9213%)
Next Retarget (earliest):   May 1, 2021 at 8:23 AM  (in 12d 1h 31m 39s)
Next Retarget (latest):   May 4, 2021 at 12:43 PM  (in 15d 5h 52m 6s)
Projected Epoch Length:   between 15d 16h 43m 29s and 18d 21h 3m 56s ...

 

same as me sell doge too soooooooooooooon    that make me sad to loss many profit.

but life go on this time make me think sometime crypto is no logic   some coin only need someone like elon pump price to the moon.

[philipma1957]

I would be fully wrecked if we were not merge mining LTC/doge as I type.

10000 doge a month was 32 bucks

10000 doge a month is 3986 bucks.

5 ltc a month was 300 bucks

5 ltc a month is 1350 bucks.

so the 5336 spilt 4 ways is 1309 a month which takes some sting from the doge.


Also of the 60k profits a lot went into eth gpus

this makes 3300 a month.

so 4600 a month needs a while to make up the 60k not being 400k.

but down the road I will get back a lot of that maybe 1/2 maybe more.


It is funny that the best year I ever had could have easily been 155k vs 60k.  Not realistic to think  I could have held the 1 million doge to the 40 cent mark but  selling first half at 4-7 cents for 30k. then selling next half at 20-30 cents for 125k total of 155k maybe that is realistic .


So Newegg Shuffle was a no go

and I am back up to 900 doge in the exchange.  about 300 or so each day

which is 120 usd daily  4 way split.

used to be 32 monthly 4 way split

so 8 a month vs 900-1000 a month for me.

[btcshiner]

The numbers for Doge are crazy.  Current market cap over $40b and a larger market cap than Ford I think.  Newegg is now accepting Doge coin.  I don't have anything mining LTC/DOGE and didn't buy.  Who would have thought a run that high would happen in so short a time for a coin with billions in the float.

https://finance.yahoo.com/news/online-retailer-newegg-accepting-dogecoin-092328064.html

ETH mining today has been phenomenal in USD terms.  Almost 14 cents a mhs.  Wish difficulty hadn't recovered so quickly.  I don't think ETH has the same concentration of it's hash rate in China as BTC yet.  It's likely coming as more asics are produced.

My 800mhs produced $112.03 in USD today.  ETH against BTC has been rising and is above .04 which is good as I convert eth to btc.

Sold $500 in BTC before the crash at $62,350.

Sold some Tezos at $6.40.

Enjoying the ride while I can. 

[philipma1957]

 

The numbers for Doge are crazy.  Current market cap over $40b and a larger market cap than Ford I think.  Newegg is now accepting Doge coin.  I don't have anything mining LTC/DOGE and didn't buy.  Who would have thought a run that high would happen in so short a time for a coin with billions in the float.

https://finance.yahoo.com/news/online-retailer-newegg-accepting-dogecoin-092328064.html

ETH mining today has been phenomenal in USD terms.  Almost 14 cents a mhs.  Wish difficulty hadn't recovered so quickly.  I don't think ETH has the same concentration of it's hash rate in China as BTC yet.  It's likely coming as more asics are produced.

My 800mhs produced $112.03 in USD today.  ETH against BTC has been rising and is above .04 which is good as I convert eth to btc.

Sold $500 in BTC before the crash at $62,350.

Sold some Tezos at $6.40.

Enjoying the ride while I can.  

Yeah I was quick to sell the doge but I did get about 1000 mh in hash with it for Eth

so that is $111.20-$130.00 or so for me  daily

and the doge/ltc is about  $40 a day for me

So I am still doing okay.

Maybe I will hit the shuffle today could use another card

[generalt]

Yeah I was quick to sell the doge but I did get about 1000 mh in hash with it for Eth

so that is $111.20-$130.00 or so for me  daily

and the doge/ltc is about  $40 a day for me

So I am still doing okay.

Maybe I will hit the shuffle today could use another card

Yeah it's crazy I have 5 L3+ miners and I can't believe they're making so much.  Like you selling doge too early I regret selling/giving my other L3+ away back in the day.  Of course as the saying goes, no use crying over spilled milk and it's been a great year for mining still.

Edit: I looked back and I first ordered the L3+ in September of 2017 for a mere BTC0.8 each

[btcshiner]

Probably tomorrow for the shuffle win!  I think today is past the time for winner emails sadly.   

[generalt]

Probably tomorrow for the shuffle win!  I think today is past the time for winner emails sadly.   

Yup I just got my you weren't selected email.

[philipma1957]

Probably tomorrow for the shuffle win!  I think today is past the time for winner emails sadly.  

still Making me wait on the you were not selected


edit:

941pm you were not selected. oh well






Yeah, I can't say I should have made 250k-300k and be unhappy with 65K.

Especially when the gpus are adding  $125 a day to the 65k.

The gpus were purchased with the doge sales.

My partner had 650k doge coins  he sold about 100k coins  worth about 31k and is Holding 550k doge.

 That is hands of fucking stone.

When this covid shit is over you and I with our spouses need to go out for some food.

Oh my threadripper 3970 has your name on it. It has 128gb ram and this nvme 2 stick.

https://www.newegg.com/gigabyte-aorus-500gb/p/N82E16820009014?

this is the cooler

https://www.amazon.com/quiet-Dark-Rock-BK022-Cooler/dp/B07J589GHF/ref=sr_1_3?

and this gpu

https://www.newegg.com/evga-geforce-rtx-3060-12g-p5-3657-kr/p/N82E16814487539?Item=N82E16814487539