Whatever you guys do, don't short XRP. I got burnt last year on the run up over $3.
I figured this coin was originally less than a penny and no way it was going to hold $1 and then later on holding $2 was proved wrong.
Even if you trade on small margin and leverage the lending fees will get you. I think yesterday you could of bet 0.50% per day by lending XRP.
Topic: 8th Alt coin thread. Or what to do now that asics are all over the place. - page 46. (Read 81426 times)
September 22, 2018, 03:00:01 AM
September 21, 2018, 07:40:13 PM
I'm assuming that new people who get into crypto have 2 ways to acquire coins mine them or buy them. And since mining isn't attractive at all, they will have to resort to buying the coins with they're own $$. So instead of buying GPUs to mine eth they will buy eth(or any other coin).
Ofc if you have very very cheap power mining will always be a good business.
Ofc if you have very very cheap power mining will always be a good business.
September 21, 2018, 07:13:04 PM
So here's a thought..
A pow coin needs a good balance of miners and traders/investors. 2016/2017 have been a freaking goldrush for miners, mostly because not enough gpus were online and no ASICs were made.
Now there are too many gpus hashing out there, so clearly buying a coin isn't such a bad ideea. If this profitability downtrend goes on for another year or so wouldn't the balance shift from miners to buyers/investors?
A pow coin needs a good balance of miners and traders/investors. 2016/2017 have been a freaking goldrush for miners, mostly because not enough gpus were online and no ASICs were made.
Now there are too many gpus hashing out there, so clearly buying a coin isn't such a bad ideea. If this profitability downtrend goes on for another year or so wouldn't the balance shift from miners to buyers/investors?
No. why is that? it already shifted this year.
But please understand mining should not be compared to trading + investing.
It is like comparing apples to humans.
Mining is a power game ie cheap power = king
we are fully swung to that.
50-60% of the network = s9
10-20% of the network = avalon 841
and they are all near breakeven at 9.87 cents a kwatt
we could go lower.
the wall would be 4.5 cents a kwatt
September 21, 2018, 06:56:42 PM
So here's a thought..
A pow coin needs a good balance of miners and traders/investors. 2016/2017 have been a freaking goldrush for miners, mostly because not enough gpus were online and no ASICs were made.
Now there are too many gpus hashing out there, so clearly buying a coin isn't such a bad ideea. If this profitability downtrend goes on for another year or so wouldn't the balance shift from miners to buyers/investors?
A pow coin needs a good balance of miners and traders/investors. 2016/2017 have been a freaking goldrush for miners, mostly because not enough gpus were online and no ASICs were made.
Now there are too many gpus hashing out there, so clearly buying a coin isn't such a bad ideea. If this profitability downtrend goes on for another year or so wouldn't the balance shift from miners to buyers/investors?
September 21, 2018, 04:22:21 PM
Belief that Eth has value would allow more support to its price.
The problem is many no longer believe in it value.
The problem is many no longer believe in it value.
I think Ethereum is now closer to it's intrinsic value than what it was when it was hyped to $1300. The project and technology itself is pretty amazing, and I've always invested in the technology part (by mining and holding). But it became overhyped, and the higher prices made mining so profitable that when the prices finally pulled back, it was overmined. Just like with almost all other cryptocurrencies...
September 21, 2018, 04:16:13 PM
interesting as it does have chips and lots of them.
September 21, 2018, 03:43:17 PM
Asic Miner Co Zeon Hashboard (3x boards apparently = 180,000 sols)
full thread w/ video(original, not of tear down), going to tear down the 8 nano now
https://bitcointalksearch.org/topic/m.45997334
full thread w/ video(original, not of tear down), going to tear down the 8 nano now
https://bitcointalksearch.org/topic/m.45997334
@phil
asic miner co 8 nano liquid cooled btc miner initial tear down pictures
original 8 nano btc miner thread
https://bitcointalk.org/index.php?topic=4931395.new#new
September 21, 2018, 03:02:40 PM
Beware, Bitmain still did not send the miner (Z9) that they said they are sending 6 days ago.
Tariffs already paid few days ago, still nothing apart from some bullshit about "mechanical failure".
Tariffs already paid few days ago, still nothing apart from some bullshit about "mechanical failure".
So how much was the z9 and how much were the taxes?
And how on earth do you get charged taxes for gear that was not shipped?
I usually don’t get a tariff bill until goods are in the states.
Gear was around 14K, taxes were around $3.8K extra.
Valid question re why I had to pay few days ago.
It turns out that Bitmain first sends the paperwork, you pay, then they send miners in a short deal afterwards.
However, this time they f-d up, got "mechanical failure" so their fakery was revealed.
I asked UPS rep and she said: companies ask for receiver to pay taxes first BEFORE they send. Because their "sending process" was messed up, all UPS notices are weird because according to them the product was already at a local delivery place on 9/18, while IN FACT it MAYBE started moving from China today.
September 21, 2018, 02:20:44 PM
Asic Miner Co Zeon Hashboard (3x boards apparently = 180,000 sols)
full thread w/ video(original, not of tear down), going to tear down the 8 nano now
https://bitcointalksearch.org/topic/m.45997334
full thread w/ video(original, not of tear down), going to tear down the 8 nano now
https://bitcointalksearch.org/topic/m.45997334
September 21, 2018, 01:47:50 PM
slowly is getting boring under Mining section. 
September 21, 2018, 01:05:52 PM
Beware, Bitmain still did not send the miner (Z9) that they said they are sending 6 days ago.
Tariffs already paid few days ago, still nothing apart from some bullshit about "mechanical failure".
Tariffs already paid few days ago, still nothing apart from some bullshit about "mechanical failure".
So how much was the z9 and how much were the taxes?
And how on earth do you get charged taxes for gear that was not shipped?
I usually don’t get a tariff bill until goods are in the states.
September 21, 2018, 12:39:17 PM
Beware, Bitmain still did not send the miner (Z9) that they said they are sending 6 days ago.
Tariffs already paid few days ago, still nothing apart from some bullshit about "mechanical failure".
Tariffs already paid few days ago, still nothing apart from some bullshit about "mechanical failure".
September 21, 2018, 11:45:42 AM
From my understanding XRP the Crypto has zero to do with Ripple the company... really makes no sense.
From what I have read, the price has shot up due to this: https://www.cnbc.com/2018/09/17/ripple-hints-cryptocurrency-product-xrapid-will-go-live-soon.html
Which I still don't understand how this would work exactly. The technology makes sense if we are talking about a token that is pegged at a set amount (like tether), but I don't know how banks could possibly use XRP with such volatility.. This is a perfect example of why Ripple needs to be regulated by the SEC.
September 21, 2018, 11:32:30 AM
From my understanding XRP the Crypto has zero to do with Ripple the company... really makes no sense.
September 21, 2018, 11:29:01 AM
Guys dont you think that bigger threat atm for gpu mining is eth block reward going from 3 eth per block down to 2 in 10 days then asics,i mean we are talking about millions of cards that are mining eth with barely any profit depending on the electricity price...Think that we can see rx cards for 100$ soon enough
nope not an issue.
Belief that Eth has value would allow more support to its price.
The problem is many no longer believe in it value.
Sure, it's not perfect. But it works and is damn cool.
All things considered, $230 isn't that bad for the price. Its down 15% from the price it was at a year ago today. People got spoiled by that giant run-up at the end of last year. What blows my mind is XRP. I don't understand how that snake oil is now #2.
September 21, 2018, 11:09:14 AM
Guys dont you think that bigger threat atm for gpu mining is eth block reward going from 3 eth per block down to 2 in 10 days then asics,i mean we are talking about millions of cards that are mining eth with barely any profit depending on the electricity price...Think that we can see rx cards for 100$ soon enough
nope not an issue.
Belief that Eth has value would allow more support to its price.
The problem is many no longer believe in it value.
Sure, it's not perfect. But it works and is damn cool.
September 21, 2018, 11:04:06 AM
Guys dont you think that bigger threat atm for gpu mining is eth block reward going from 3 eth per block down to 2 in 10 days then asics,i mean we are talking about millions of cards that are mining eth with barely any profit depending on the electricity price...Think that we can see rx cards for 100$ soon enough
nope not an issue.
Belief that Eth has value would allow more support to its price.
The problem is many no longer believe in it value.
September 21, 2018, 10:46:35 AM
Guys dont you think that bigger threat atm for gpu mining is eth block reward going from 3 eth per block down to 2 in 10 days then asics,i mean we are talking about millions of cards that are mining eth with barely any profit depending on the electricity price...Think that we can see rx cards for 100$ soon enough
September 20, 2018, 07:06:35 PM
Tariffs suck .
free trade rocks
subsidized trade sucks. why is that? simple it causes tariffs as retaliation .
reality most every country that is a player plays these games.
If I choose to Defend trump I would say he does the Chinese tariffs to leverage better terms for the USA and the Bond debt USA has to China .
But I don't choose to defend Trump and I think it is asking for trouble. But the reality is 27.6% on all chinese miners coming to USA is a mofo to deal with.
I can tell you I know a guy that shipped in 200 psu's from china and the USA Opened 145 of the 200 boxes to be sure more expensive miners were not being sneaked in.
So that is one new thing I am sure there will be more.
free trade rocks
subsidized trade sucks. why is that? simple it causes tariffs as retaliation .
reality most every country that is a player plays these games.
If I choose to Defend trump I would say he does the Chinese tariffs to leverage better terms for the USA and the Bond debt USA has to China .
But I don't choose to defend Trump and I think it is asking for trouble. But the reality is 27.6% on all chinese miners coming to USA is a mofo to deal with.
I can tell you I know a guy that shipped in 200 psu's from china and the USA Opened 145 of the 200 boxes to be sure more expensive miners were not being sneaked in.
So that is one new thing I am sure there will be more.
September 20, 2018, 11:51:04 AM
Want to talk trade tariffs...European countries sell commodities such as wheat *under* their cost of production to third-world countries, effectively destroying local economies if they are based on that commodity. How can they sell under the production cost ? Well the CAP program of course.
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