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

[philipma1957]

right?  I didn't even realize I had it.  I built that computer 4 years ago, and a co-worker just gave me a list of stuff to buy.  I didn't know anything about mining, I just needed it for work stuff.  The fan on my PSU died last week, and when I cracked the case open to replace it, I was like "hey, I have a video card in here!!" I had to scroll scroll scroll way down the list on whattomine.com to find it, but lo and behold, I can get 5 MH/s on Ravencoin with it LOL. 

Your luck has changed you are hitting the shuffle today.

[DigitalFarns]

I would love to today!  I actually have a few dollars in the account that I could go ahead and pick one up if I did win!!  I will be sad if I make it to 50 tried with nothing. 

A few weeks ago I alluded to buying a lego set for my son, that I knew I would be going up against bots for.  The bots clean out lego supply in minutes, and then you find all the legos on ebay for 3x the price the next day (sound familiar?)

So they released a special R2-D2 set, 2300 pieces, and I made sure I was online, card in hand, ready to go at midnight when it released.  As soon as it hit midnight, the site slowed to a crawl.  Everything was super slow in responding.  I managed to get my order in, and paid for, and as soon as that was done (now 12:03am) the site said you could "backorder" the kit.  3 minutes after that, the site declared them sold out.  I couldn't believe, and didn't believe it, until the package was on my doorstep.  It was a bit of a rush fighting for it!  I hope to feel that rush on a graphics card someday LOL

[adaseb]

I have a feeling that in the next few weeks it will be easier and easier to get GPUs. The mining profitability has been reduced significantly and many people already assume we are in the bear market, so most likely people won't be buying any more GPUs.

Its hard to say that will happen. We might get a rally into the $50K and then trade sideways for the next year or so. OR we might go down further into the $20K area if all his energy FUD keeps being announced and Elon and Musk keep posting negative views on BTC and crypto in general.

I would say its 50/50 we topped. Hope you guys took some partial profits along the way.

[philipma1957]

I have a feeling that in the next few weeks it will be easier and easier to get GPUs. The mining profitability has been reduced significantly and many people already assume we are in the bear market, so most likely people won't be buying any more GPUs.

Its hard to say that will happen. We might get a rally into the $50K and then trade sideways for the next year or so. OR we might go down further into the $20K area if all his energy FUD keeps being announced and Elon and Musk keep posting negative views on BTC and crypto in general.

I would say its 50/50 we topped. Hope you guys took some partial profits along the way.

IT could rally or maybe meander about. The current price per mh is good 0.0851 cents is a good profit number

a 3080 burns 6-7 kwatts a day  it earn $8.51 a day

so>

5 cent cost.      35 cents.   8.51 - .35 = 8.16 daily 2978 yearly
10 cent cost.     70 cents   8.51 - .70 = 7.81 daily 2850 yearly
15 cent cost.    1.05.       8.51 - 1.05 = 7.36 daily 2686 yearly
20 cent cost.    1.40.       8.51 - 1.40 = 7.11 daily 2595 yearly
25 cent cost.    1.75.       8.51 - 1.75 = 6.76 daily 2467 yearly


in all the above cases a 3080 earns over 2400 in a year

if earnings drop to  4 cents a mh  things become glum



at current price a 3080 card is worth 1500 or more not 2500 or more


ebay sellers still asking 2300 or more eon buy it now

https://www.ebay.com/itm/154458971581?
https://www.ebay.com/itm/203462284888?
https://www.ebay.com/itm/114821078961?
https://www.ebay.com/itm/234018602038?
https://www.ebay.com/itm/304003294407?


5 lowest buy it now for evga 3080 on ebay all in the 2350 to 2450

[adaseb]

I remember back in late 2014 and early 2015 I was looking for Bitcoin ASICs. There was an individual that was selling some Antminer S3. From what I recall they were like $300-$500 (can't exactly remember).

I contacted the guy and wanted to buy them for like $100 and he said no. Then I remember there was a day, maybe first week of January 2015 when BTC had a huge crash. Like I think it was the lowest low ever since. I decided to contact him again and this time I jokingly offered $50 each and to my surprise the guy said "yes" and wanted to meet immediately. I assumed he wouldn't show up however I decided to meet him somewhere public anyways. To my surprise he showed up, took my $50 per S3 and we parted ways. Shortly after that day the profitaiblity of BTC mining went up and BTC was never that low again. Well I think there was a day in middle of 2015 when it broke $200 on Bitfinex to like $150 but it quickly corrected and went higher.

Feel bad for that guy because most likely he never ROI'd on those S3's. No idea if he was hodling the BTCs mined or just market selling everyday for fiat.

[philipma1957]

I remember back in late 2014 and early 2015 I was looking for Bitcoin ASICs. There was an individual that was selling some Antminer S3. From what I recall they were like $300-$500 (can't exactly remember).

I contacted the guy and wanted to buy them for like $100 and he said no. Then I remember there was a day, maybe first week of January 2015 when BTC had a huge crash. Like I think it was the lowest low ever since. I decided to contact him again and this time I jokingly offered $50 each and to my surprise the guy said "yes" and wanted to meet immediately. I assumed he wouldn't show up however I decided to meet him somewhere public anyways. To my surprise he showed up, took my $50 per S3 and we parted ways. Shortly after that day the profitaiblity of BTC mining went up and BTC was never that low again. Well I think there was a day in middle of 2015 when it broke $200 on Bitfinex to like $150 but it quickly corrected and went higher.

Feel bad for that guy because most likely he never ROI'd on those S3's. No idea if he was hodling the BTCs mined or just market selling everyday for fiat.

Yep you always have to hold back some cash just in case of a crash.

Right now doge is helping me as it is still over 30 cents and I mine round 10k-12k coins a month

we mined 364 coins yesterday of which 91 are mine at 30 cents this is 27 dollars a day or 810 a month

last year the doge was 32 a month 4 ways split 8 bucks month  or 27 cents a day.


27 dollars a day  vs 27 cents  a day is still good.

 So doge carries all my fiat needs for mining.

[adaseb]

From the looks of things people either got liquidated trading on margin or futures or they basically bought all their coins at $56K. Looking at crypto twitter and bitcointalk it seems everybody wants to buy the dip now, however they are out of funds to do so.

I think we will hold $30K today because its a weekend and most likely its scared retail which is selling right now, however the OI is so low that I don't think there is any more people left to sell really.

If it goes closer to $25K or so, then the people that bought the breakout at $19.5K will most likely be looking to get out at break-even however that is far away at the moment. Should be an interesting week. Wonder if it'll be easier to get GPUs.

[philipma1957]

From the looks of things people either got liquidated trading on margin or futures or they basically bought all their coins at $56K. Looking at crypto twitter and bitcointalk it seems everybody wants to buy the dip now, however they are out of funds to do so.

I think we will hold $30K today because its a weekend and most likely its scared retail which is selling right now, however the OI is so low that I don't think there is any more people left to sell really.

If it goes closer to $25K or so, then the people that bought the breakout at $19.5K will most likely be looking to get out at break-even however that is far away at the moment. Should be an interesting week. Wonder if it'll be easier to get GPUs.

I am using some of my doge earnings to make descending  buy ladders all the way down to 18k

[Michael20]

@philipma1957 Which miner you use for Doge? How is hashrate/payrate from different Nvidia models? Wattage like ETH?And what wallet to use? Till yet i use NH.
oh some google, think you use a L3 or

[philipma1957]

@philipma1957 Which miner you use for Doge? How is hashrate/payrate from different Nvidia models? Wattage like ETH?And what wallet to use? Till yet i use NH.
oh some google, think you use a L3 or

L3+ mine at viabtc

oh speaking of doge newegg is taking doge and discount 10%

https://www.newegg.com/promotions/nepro/21-1127/index.html?

[adaseb]

I hate to say this and don’t want to be a bear but I really think $65K might of been the top for this cycle. I’ve been around since the 2013 top and 2017 top and I am seeing a pattern. Basically Bitcoin rallies like crazy and then all of a sudden has a huge 45-55% drop. From there is usually bounces to the 0.50 - 0.618 fib and many whales exit and it’s the failed high (lower high). I checked how the previous top in 2012 or so happened and it was very similar.

Yes we had some >50% drop back in 2017 in the $3K or $5k region and it went up another 4x since then. However the media wasn’t as Bitcoin crazy at $5k like it was at $20K.

Right now we got that Saylor guy going on TV and telling people to sell everything they own to buy Bitcoin, mortgage their house to buy Bitcoin or if you own a business get a business line of credit to buy bitcoin. How irresponsible is this.

So it’s better to be wrong and just sell at $50K on the bounce and if it goes to $65K again just buy it back at a higher price than not sell at $50k and have it go to like $15k.

Not financial advice. Just I think with the huge drop that happened and how almost 1 million people got liquidated a lot of crypto is in a damaged state. Who knows maybe we will get a 2013 type of bull market where it went to like $250 back down to $80 and Then all the way too $1100.

Things need to calm now.

[philipma1957]

I hate to say this and don’t want to be a bear but I really think $65K might of been the top for this cycle. I’ve been around since the 2013 top and 2017 top and I am seeing a pattern. Basically Bitcoin rallies like crazy and then all of a sudden has a huge 45-55% drop. From there is usually bounces to the 0.50 - 0.618 fib and many whales exit and it’s the failed high (lower high). I checked how the previous top in 2012 or so happened and it was very similar.

Yes we had some >50% drop back in 2017 in the $3K or $5k region and it went up another 4x since then. However the media wasn’t as Bitcoin crazy at $5k like it was at $20K.

Right now we got that Saylor guy going on TV and telling people to sell everything they own to buy Bitcoin, mortgage their house to buy Bitcoin or if you own a business get a business line of credit to buy bitcoin. How irresponsible is this.

So it’s better to be wrong and just sell at $50K on the bounce and if it goes to $65K again just buy it back at a higher price than not sell at $50k and have it go to like $15k.

Not financial advice. Just I think with the huge drop that happened and how almost 1 million people got liquidated a lot of crypto is in a damaged state. Who knows maybe we will get a 2013 type of bull market where it went to like $250 back down to $80 and Then all the way too $1100.

Things need to calm now.

Yeah it is tough we could go 2x or 3x or 4x by jan 1  or drop by ½ by next week.

[adaseb]

So I’m into cars and on my spare time I browse the car Reddit’s and forums. There was this one Reddit discussion where someone was asking automotive sales advice because he signed some papers and later got buyer remorse.

Basically he test drive a Toyota Supra, fell in love with it and said he can put down like $20K and would finance the rest. Then he got buyers remorse and wanted to get out of the deal. What gets interesting is this... and this is why I seriously think $65K most likely was the top.

He didn’t have $20K down payment. He earns very little working retail fast food. Later it turns out he only had like $10K in cash and the rest... was in Dogecoin ... that he bought at 0.74$ which was the top.

He basically figured it would go to $10 and he would be able to afford the car. So before the Elon SNL he was feeling like some baller and goes out testing driving cars out of his price range and thinks he will be a millionaire with his Dogecoin. Then when it lost like 70% of its value he knew there is no way he could buy the car and now is asking for legal advice on getting out of the contract. He never took deliver or paid his down payment so I guess he is in the clear.

But it’s posts like this where there is just so much normies investing all their life savings in Doge which makes me very nervous for the next few months. Just like Saylor telling people to mortgage their homes to buy crypto.

This definitely seems and feels like a bubble.

[philipma1957]

So I’m into cars and on my spare time I browse the car Reddit’s and forums. There was this one Reddit discussion where someone was asking automotive sales advice because he signed some papers and later got buyer remorse.

Basically he test drive a Toyota Supra, fell in love with it and said he can put down like $20K and would finance the rest. Then he got buyers remorse and wanted to get out of the deal. What gets interesting is this... and this is why I seriously think $65K most likely was the top.

He didn’t have $20K down payment. He earns very little working retail fast food. Later it turns out he only had like $10K in cash and the rest... was in Dogecoin ... that he bought at 0.74$ which was the top.

He basically figured it would go to $10 and he would be able to afford the car. So before the Elon SNL he was feeling like some baller and goes out testing driving cars out of his price range and thinks he will be a millionaire with his Dogecoin. Then when it lost like 70% of its value he knew there is no way he could buy the car and now is asking for legal advice on getting out of the contract. He never took deliver or paid his down payment so I guess he is in the clear.

But it’s posts like this where there is just so much normies investing all their life savings in Doge which makes me very nervous for the next few months. Just like Saylor telling people to mortgage their homes to buy crypto.

This definitely seems and feels like a bubble.

Fake story part of MSM attack on crypto coins or maybe not.

But I can tell you I have been mining LTC/DOGE for years.  Last summer at the worst  mined .17 ltc a day.  and now with the same gear I am mining .21 ltc a day


 As of :

Aug 6    2020 9.31 m diff  ltc is  58.99
May 23  2021 10.99 m diff ltc is 183.43


Døge is also crazy

Aug 6 2020 0.0035  3.02 mill


May 25 2021 0.361 4.63 mill

103 x price

1.5 x the difficulty


It is crazy good.

[philipma1957]

Newegg shuffle has 77 items today but only 1 card  


https://www.newegg.com/product-shuffle

[vapourminer]

Newegg shuffle has 77 items today but only 1 card 

the white 3070 strix ?

i went for it but forgot what the promo code was that dropped the price by like $50.. do you happen to know what that code was?

you know in case i win lol.

edit loved the rockwell coffee pot that showed up as the 1st thing in the shuffle i was like wtf heh

[philipma1957]

Newegg shuffle has 77 items today but only 1 card 

the white 3070 strix ?

i went for it but forgot what the promo code was that dropped the price by like $50.. do you happen to know what that code was?

you know in case i win lol.

edit loved the rockwell coffee pot that showed up as the 1st thing in the shuffle i was like wtf heh

yeah they vanished the code

[vapourminer]

yeah they vanished the code

crap

and i forgot that once you enter you dont get the selection page anymore you get the "thanks for entering" page with your selection.

oh well getting ripped off anyway whats a few more bucks right?

[P00P135]

SHUFFLE525MAY58 is the code.  Really hope i win that tea pot! 

[vapourminer]

SHUFFLE525MAY58 is the code.  Really hope i win that tea pot! 

thanks!

yeah now i wanna know what was so special about that teapot and have no link to it now. so let us know heh