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

[badbart]

Anyone selling short?  I know i'm a broken record but you could save yourself a lot of pain if we are following the normal pattern we are in for a bear market.  I started mining in late 2016, if I was smart i would have hedged in 2018.  No reasons for your income to fall, you can take a lot of risk off the table for a small price.

[philipma1957]

Anyone selling short?  I know i'm a broken record but you could save yourself a lot of pain if we are following the normal pattern we are in for a bear market.  I started mining in late 2016, if I was smart i would have hedged in 2018.  No reasons for your income to fall, you can take a lot of risk off the table for a small price.

Looks bearish.

I am selling all mined coins other than btc.  still stacking btc.

Note there is money on the table if you play it right.

[philipma1957]

Anyone selling short?  I know i'm a broken record but you could save yourself a lot of pain if we are following the normal pattern we are in for a bear market.  I started mining in late 2016, if I was smart i would have hedged in 2018.  No reasons for your income to fall, you can take a lot of risk off the table for a small price.

Looks bearish.

I am selling all mined coins other than btc.  still stacking btc.

Note there is money on the table if you play it right.

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

ten minutes left
 on the shuffle

[adaseb]

Anyone selling short?  I know i'm a broken record but you could save yourself a lot of pain if we are following the normal pattern we are in for a bear market.  I started mining in late 2016, if I was smart i would have hedged in 2018.  No reasons for your income to fall, you can take a lot of risk off the table for a small price.

Now is not the time to short. The time to short was back when we were >$50K or so or when ETH was >$3500 or so. With the El Salvador news and everything I think we might go to the ~$50K area one more time and that's when most people will exit just in case $64K was the top, if it wasn't the top and we go higher most people will rebuy higher >$64K rather than risk it going back down to like $15K.

If you look at the 2012,2014,2017 tops, usually the market gives you an out at the 0.50 and 0.618 fibinocci level from the ATH to the low before the bounce. Plus there are tons of people who are bag holding at $56K and $48K, so either of those might be the higher low before we rest the $30K area again.

[philipma1957]

Anyone selling short?  I know i'm a broken record but you could save yourself a lot of pain if we are following the normal pattern we are in for a bear market.  I started mining in late 2016, if I was smart i would have hedged in 2018.  No reasons for your income to fall, you can take a lot of risk off the table for a small price.

Now is not the time to short. The time to short was back when we were >$50K or so or when ETH was >$3500 or so. With the El Salvador news and everything I think we might go to the ~$50K area one more time and that's when most people will exit just in case $64K was the top, if it wasn't the top and we go higher most people will rebuy higher >$64K rather than risk it going back down to like $15K.

If you look at the 2012,2014,2017 tops, usually the market gives you an out at the 0.50 and 0.618 fibinocci level from the ATH to the low before the bounce. Plus there are tons of people who are bag holding at $56K and $48K, so either of those might be the higher low before we rest the $30K area again.

well assuming we do not take off and rally like mad we are now at 37800

I am still stacking my btc.
I also have a descending buy ladder down   31031,30030,...,21021
and a weekly dca for btc


but I am selling all eth as it comes in
and I am selling all doge as it comes in
and I am selling all ltc as it comes in

I am holding some ltc  but I am not stacking it.

my monthly income has dropped over 50%

Still okay due to the sales of doge,ltc,eth

So stacking btc
and hodl ltc is okay to do

We have a lot of spare power cheap and we hope we may get some gpus at msrp soon.

as a 3060ti at 399 would be worth buying

[adaseb]

Yes I think its smart to set weekly DCA buys given whatever the price is at. Because due to volatility you can DCA at a better price than just buying everything at $30K. Its quite possible we might go back to the $20K area however I don't think it will be that easy just by buying at $20K and expecting it to take off.

Everybody will want to buy bitcoin at $20K because its the ultimate support since it was the top in 2017. So most likely what will happen is we will either go to like $22K and go up or go to $20K, stay there for a few days or weeks and then it'll break and head lower into like $15-18K setting off a bunch of stops and we will likely bottom somewhere there.

The 200 Weekly moving average has been a good indicator actually. Predicted the low in 2015,2018 and 2020. And it currently sits at $13K but every week its value increases.

[nsummy]

Phil, or anyone else, what do you use for an OS?  Is HiveOS decent?  I have a small form factor computer I grabbed off ebay, currently plugged one card into it (via pcie extender) and installed hiveos.  Its an AMD card (my only one) and it seems like a giant pain in the ass to administer. hash rate seems to fluctuate for no reason at all and its hardly set and forget.  Should I just install windows? 

[arielbit]

Anyone selling short?  I know i'm a broken record but you could save yourself a lot of pain if we are following the normal pattern we are in for a bear market.  I started mining in late 2016, if I was smart i would have hedged in 2018.  No reasons for your income to fall, you can take a lot of risk off the table for a small price.

a bear market inside a bull market that can flip anytime this year or the start of the real bear market hehe

cross post:

we need the bull run to top next year, like the end of 2022. these folks keep on dreaming of bear market.

a good "fake beginning of bear market" will shake out a good bunch of them hehehe 

History does have a way of repeating itself, and I'm willing to bet there were plenty of 'bear-market deniers' back in 2018 too.

how about a bear market "simulation" inside a bull market? people lose money in a bull market too 

are we in a bear market simulation?...that's the question 

[philipma1957]

Phil, or anyone else, what do you use for an OS?  Is HiveOS decent?  I have a small form factor computer I grabbed off ebay, currently plugged one card into it (via pcie extender) and installed hiveos.  Its an AMD card (my only one) and it seems like a giant pain in the ass to administer. hash rate seems to fluctuate for no reason at all and its hardly set and forget.  Should I just install windows? 

Smos works well for me

[arielbit]

Phil, or anyone else, what do you use for an OS?  Is HiveOS decent?  I have a small form factor computer I grabbed off ebay, currently plugged one card into it (via pcie extender) and installed hiveos.  Its an AMD card (my only one) and it seems like a giant pain in the ass to administer. hash rate seems to fluctuate for no reason at all and its hardly set and forget.  Should I just install windows? 

Smos works well for me

i'm fine with windows 7, but i won't recommend it. people should test and try, see if it will work well for them.

[vapourminer]

Smos works well for me

i'm fine with windows 7, but i won't recommend it. people should test and try, see if it will work well for them.

can you still even get drivers for modern GPUs for win7?

i know that when i installed an AMD 6700XT with the latest AMD win10 driver on my version 1709 of win10 (yes 4 year old install with updates disabled) it said my OS was too old to support the driver and the OS didnt see the new card (i had only nvidia 10x0 cards in it at the time).. . so even old versions of win10 are not supported by AMD anymore it seems.. so i had to update to win10 20H1 or whatever the latest win10 version was as of a couple months ago for the AMD driver to install and see the card.

personally i loved 7 but security wise i would really hesitate to use now it except as a last resort or something.

[arielbit]

Smos works well for me

i'm fine with windows 7, but i won't recommend it. people should test and try, see if it will work well for them.

can you still even get drivers for modern GPUs for win7?

i know that when i installed an AMD 6700XT with the latest AMD win10 driver on my version 1709 of win10 (yes 4 year old install with updates disabled) it said my OS was too old to support the driver. so even old versions of win10 are not supported by AMD it seems.. so i had to update to win10 20H1 or whatever the latest win10 version was as of a couple months ago.

personally i loved 7 but security wise i would really hesitate to use now it except as a last resort or something.

i'm in green team, nvidia.. so didn't encounter that, i was tempted to get some AMD. at least now I learned that there are issues.

BTW.. AMD infinity cache > nvidia LHR  hehe imagine getting cheap with VRAMs made them successfully LHR'd their cards better than nvidia LOL

[philipma1957]

Smos works well for me

i'm fine with windows 7, but i won't recommend it. people should test and try, see if it will work well for them.

can you still even get drivers for modern GPUs for win7?

i know that when i installed an AMD 6700XT with the latest AMD win10 driver on my version 1709 of win10 (yes 4 year old install with updates disabled) it said my OS was too old to support the driver. so even old versions of win10 are not supported by AMD it seems.. so i had to update to win10 20H1 or whatever the latest win10 version was as of a couple months ago.

personally i loved 7 but security wise i would really hesitate to use now it except as a last resort or something.

i'm in green team, nvidia.. so didn't encounter that, i was tempted to get some AMD. at least now I learned that there are issues.

BTW.. AMD infinity cache > nvidia LHR  hehe imagine getting cheap with VRAMs made them successfully LHR'd their cards better than nvidia LOL

The amd 6700 is meh but the 6800 is pretty good.

no newegg shuffle today.

[vapourminer]

The amd 6700 is meh but the 6800 is pretty good.

got the 6700XT at 46 mhs @ 113 watts on win10 and phoenix just by undervolting it and playing with clocks via the built in AMD tool, whatever its called. not gonna mess with any bios stuff ive had enough of that with my RX470s

got the 6700XT in the shuffle, its the only thing ive won in it so far.

really want a 3080 or 3080ti. for actual gaming if you can believe it heh. but they would sure would pull mining duty when not gaming.

[philipma1957]

The amd 6700 is meh but the 6800 is pretty good.

got the 6700XT at 46 mhs @ 113 watts on win10 and phoenix just by undervolting it and playing with clocks via the built in AMD tool, whatever its called. not gonna mess with any bios stuff ive had enough of that with my RX470s

got the 6700XT in the shuffle, its the only thing ive won in it so far.

really want a 3080 or 3080ti. for actual gaming if you can believe it heh. but they would sure would pull mining duty when not gaming.

I am close to that.  but it does drop out often every 2nd or 3rd day

win 10 and nb miner to nicehash

[arielbit]

The amd 6700 is meh but the 6800 is pretty good.

got the 6700XT at 46 mhs @ 113 watts on win10 and phoenix just by undervolting it and playing with clocks via the built in AMD tool, whatever its called. not gonna mess with any bios stuff ive had enough of that with my RX470s

got the 6700XT in the shuffle, its the only thing ive won in it so far.

really want a 3080 or 3080ti. for actual gaming if you can believe it heh. but they would sure would pull mining duty when not gaming.

a good 3080ti like suprim x can beat some 3090 in games...can also beat some 3090 in power consumption LOL.

i still don't like what the 3080 did with the 10gb vram, while the 12gb of 3080ti will suffice for now-should still be 16gb to at least match the 6900xt while the 3090 sits on the throne.

for mining, 3080ti price is much closer to a 3080 than a 3090 and the performance is much much closer to 3090. I would say it is a good buy.

[arielbit]

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.

I would recommend anyone to have this in their first aid kit. oil of "wild mediterranean" oregano, you may read some good stuff about it but i'd rather share what i've seen and experience.

when I have not optimized my health yet, i drank cold water from the fridge and it upset something or it was the trigger to start wet cough, in the middle of the chest some small nuisance pain, phlegm start to show, sore throat and a slight fever started.

i melted two capsules in my mouth and let the oil move down my throat, immediate comforting warmth in my throat and specially in the middle of the chest(the nuisance minor pain) is starting to improve, the next day no more fever, everything improve and after two days of use i'm back to normal.

now after i optimized my health i can drink cold water in the fridge like a kid. the more healthy I become the more rare i use this oil, only when there is some tingle in throat.

I know someone who got some fungi infection in the tongue, gave him the oil. the next day it cured him, that same person got exposed to people with covid. got a sore throat, i told him to have some oregano oil, he said no because he didn't take it well in the first time LOL laughed hard because i never imagine someone is more scared of oregano than covid haha. i still gave him that, that next day sore throat is gone.

if you can take a low heat chili, then you can take oil of oregano easily. its fragrant actually, foody fragrant but some people really have fucked up their senses with unhealthy living.  

[adaseb]

Watching videos that the Chinese mining farms are posting on their Twitter showing them powering off their ASICS. It actually reminds me of how I once had to also shut off my ASICS. It was also sad. Powering off the power bar and saying goodbye to the very last hash.

Wonder what will happen with this huge shutdown. Obviously difficult will adjust but wonder how long until these fairly profitable ASICS find another country to mine in.

[philipma1957]

yeah this is quite a bit different than 2018

we slowly dropped in price from 20k month after month.

but the diff rose in

Jan
Feb
March
April
May
June
July
Aug
Sept

It finally dropped in

Oct.

Logically with the price of btc still high you would think 🤔 the diff would not drop

from a high of 26t to under 17t next jump.

Works for me I get to stack more.

all dropping


LTC
https://www.coinwarz.com/mining/litecoin/hashrate-chart

DOGE
https://www.coinwarz.com/mining/dogecoin/hashrate-chart

ETH
https://www.coinwarz.com/mining/ethereum/hashrate-chart


BTC
https://www.coinwarz.com/mining/bitcoin/hashrate-chart

BCH

https://www.coinwarz.com/mining/bitcoincash/hashrate-chart

All of the above are at good money making levels for a 6 cent power miner.

In fact all of the above turn profit at 10 cents.

Anyone thinking this is a bear market may be right.
Anyone  thinking this is a bull market may be right.

Anyone think they don’t know what to call 📞 the market  may be right.

[btcshiner]

Summer doldrums are setting in.  Really surprised we aren't seeing more about China shutting down mining farms in the forums.  We have dropped over 110,000 ghs on eth.

I've got a small farm of 15 cards doing 800mhs on eth.  I'm at 11 cents for power and to Phil's point above I am still making a profit.  

It's been about 1 year since I started back mining.  I had a 1060 6gb in a pre built rig, added a open box 1660ti  late may.  Then built a new rig last June with a 5700xt I got brand new for $346.  Added a 5700 in July I got for $323 brand new.  I really miss newegg and eBay 10% off coupons.

I originally calculated my roi to be about 10-12 months and expected to get about $0.80 to $1 a day in profit on each card.  I started buying more cards in August last year at between $240 and $350 for 5600xt to 5700xt and built a 6 gpu rig that mined from September to January before I expanded it to 8 and converted the amd's into Nvidia's to get to my current 800 mhs.

I really wish I had built a 2nd 8 gpu rig and let it run for the winter months but now that we have hit summer I don't want to add more as it's just to hot to have that many gpu's in my house.

For ease I mine on Nicehash and convert to btc.  I got really lucky in my timing and was able to sell enough btc as it climbed to cover my  equipment costs, electricity and in most cases sell used cards to cover the full costs plus $100 cash on upgrading to Nvidia 3000 series.

I've roi'd on all my cards and the parts for rigs.  I cashed out 50% of earnings each month for the first 4 months of this year and should have sold more than I did in may.  

I think profitability will be enough that I can mine through the summer heat and still pay my electricity with about $400-$1000 left over each month.  In winter I could still mine if we dropped to about $2 revenue per card per day depending on the coin.

I'm taking 1-2 days revenue a month now and DCA into ADA, Tezos and Algorand as a speculation bet on newish coins and POS with actual use cases.

I think I am more sideways than bull or bear right now.