Topic: Number 9! Ninth altcoin thread. Back to the moon Baby! - page 40. (Read 66403 times)

Do you think the prices for those 2 GPUS are worth it?

I saved one of your "price guide" posts from mid-february, wondering if your opinion has changed.  It was:

3080 under 800 yes
3070 under 675 yes
3060ti under 500 yes

Those environmental impact stories recently are ridiculous.  And sadly they are a result of the dying news media and every single site fighting each other for page clicks.  One site does a story about it and everyone else piles on and writes the same exact thing.  None of it is newsworthy, most of it is false, and nearly all of the writers have zero grasp of bitcoin, its deflation, and what drives the value.  Luckily beyond the clickbaters and other people who are sore that they still haven't bought any bitcoin, the average investor or person could care less about the environmental impact.  Certainly the impact is no worse than all of the labor and equipment that goes into mining gold and diamonds

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


link for shuffle.

I picked both the 3090 and the 3060

I have to get to fixing my 3060. Busy .


small forest fire near my home was dealt with  I was lucky enough to be upwind  from it so smoke blew away from our home.

https://bitcointalksearch.org/topic/m.56572359

Lol that's funny and probably very true.  This could be the big push for renewable energy.

Newegg shuffle is up.  One 3060 card and one 3090.  This is the 3060 card that I have that is now mining ETH at 50 mhs with the 470.05 drivers.

Anyone that thinks mining wastes power should smash their skull with a hammer.

mining creates an incentive to upgrade to solar power  = truth
mining creates an incentive to up grade to wind power = truth

mis use and abuse of coal and oil is encourage by most governments

most people don't understand  how coal and oil get constant subsidies from corrupt governments work wide.


My best example is coal strip mining in USA.

here is a map of just some strip mining damage

coal companies have been  allowed to leave the mountains naked and stripped bare.
no repair of  the damage done.  And the coal goes poof once it is burned up.
A huge massive subsidy for coal.  How about forcing the coal company to build solar arrays and leave something for the future. Nope. And the worst is you could use the arrays to mine with the gpus.  Thus more gpus = more incentive to build the arrays repairing the mountain side and making up for vanishing and destroying the energy of the coal being burnt.


So the reality is embracing mining for what it is a huge opportunity to repair the damage of coal being stripped mined instead becomes a moron greenspeak idiot saying mining coins wastes power.

When in fact the government does not set up a simple plan of repairing the mount damage and gaining a new source of enegery. using the coin mining to help with financing it all.


What really kills me is I am right about this.

 Yet when I talk to coal/oil people they are fuck you Phil.

and when I talk to green save the world people they are fuck you Phil.

Which is why I know I am right 


Usually when you manage to do the above it means the problem is pretty much solved.

Nvidia was expecting the new mining cards to bring in about $15 million in USD sales this month.  This was a quote I read from I think an earnings call with the CEO and CFO.  What they didn't say was if the cards would be delivered this month or just the revenue booked.

The 30hx is the lowest of the cards and mines like a 1660 super with Nvidia saying it gets 26 mhs on eth.

https://videocardz.com/newz/first-nvidia-cmp-crypto-mining-processor-has-been-pictured

https://www.notebookcheck.net/First-pictures-of-NVIDIA-s-CMP-30HX-mining-graphics-card-leak.527432.0.html

At $525 for 26-30 mhs a card outside of getting quantity for a medium to midsize farm these aren't attractive to me as a small 13 gpu miner.  If I was an industrial miner with low power and a lot of space I may be interested to scale up quicker.

1660 super and TI MSRP pricing is in the $299-$400 right now but go for $100-150 more on eBay so in line with the $525 the vendor Phil referenced is charging.

  

Seems like Linus tech is in a bit of hot water because of the "MINE CRYPTO BEFORE ITS TOO LATE" video they posted yesterday. Basically they got like 51K likes but 19K dislikes which is a substantial amount of dislikes for a typical video they post. Generally most of the videos they post get great amount of likes ratio.

Anyways people are upset because of the environmental impact that it poses with all the wasted electricity and also the GPU shortages everywhere which causes people to have to either wait months to get a GPU or basically overpay for an old RX 470 4GB since there is nothing else out there for sale.

They defence was that the video was aimed more for people who already have a gaming PC and they can just use Nicehash to recoup some of their hardware cost, however whether they own the GPU or not it still poses an environmental impact.

According to the comments, "mining is evil" and he has joined the dark side instead of fighting for it. Also alot of comments about Nicehash how they are shady and how the CEO was imprisoned.

Well a 9% drop in btc last night .
But My advice is simple buy the dip.


I sold 2000 worth at 60+

Not buying it back today

eth is still more than 10 cents an mh at viabtc

mine on

This week I get 5 omen pc's with 3070's in them 1 is mine I will mange the other 4

I also get a PNY 3090 which is mine.

I also should 1x 3080 for 1600,  It mined from Nov 17 to March 17 the day I drop it off. So it earned about 1200 usd and cost under 90 to run.  260 x 24 = 7 kwatts x 120 days = 840 kwatts x 10 cents = 84  bucks make it 100

so 1200-100 = 1100 I paid just over 800 so I was up about 300 bucks on it and just grabbed 1600  = 1900 profit

I had a six month to pay deal with zero interest. So it was a painless buy for me back in November.

So this was a hedge.  I am burning 8 x 24 = 192 say 200 kwatts a day. For all the eth gpus.

Many ways to calculate  my power cost I will say 5 cents a kwatt so 10 bucks a day to run 2500mh earning about 250 a day.

Selling the 1 gpu and cashing the 2000 btc at 60k+ gives me 3600/10 = 360 or 1 year of paid off power for all my gpus.

If the tumble continues this week so be it  if a bounce back happens cool.

I hedged a bit over the weekend. So I can handle a drop.

I personally have no short term crash in site.(next 60 days)  But then again I did hedge 3600 usd over the weekend.


By the way nvidia mining cards will be available in June. 90 days from now  they concern me a bit.

minefarmbuy has them for preorder at 525 each
30HX series.
Releases end of June.

EVGA 06G-P4_4303-RB


https://forums.evga.com/NVIDIA-Annoucnes-CMP-30HX-40HX-50HX-and-90HX-GPUs-For-Mining-Cripples-Hash-Rate-Of-RTX-m3224552.aspx

https://wccftech.com/nvidia-launches-cmp-30hx-40hx-50hx-and-90hx-gpus-for-mining-cripples-hash-rate-of-rtx-3060/
https://www.nvidia.com/en-us/cmp/

These cards will relate in June and crush the hash rate and along comes a fee drop in July.

That will slow profits up.  But I still see coins rising in price.


I have a take on this in BTC section







It could be deleted as the btc section is very

 coinist

 a play on racist for those that have yet to have coffee this morning

much like white supremacy that section likes to practice btc supremacy.

haha yah those guys were classic.  I remember one video where they flew their "private jet" down to pick up some 17 year crypto millionaire, who was the biggest nerd in the world. Basically the channel was like Growing up Gotti meets crypto

There is a story about NYC cab drivers giving stock advice in 1999 (or so); some of you remember what happened next...


Now, I'm not saying that is going to happen...I (we?) have no idea what will happen tomorrow or next week or next year.

I like your logic...his channel seems like another clickbait YouTube channel...but he gets views.

That's just nicehash trying to clear their reputation after the shit they pulled with phoenix miner

I also remember in 2017 there was another YouTube channel which was geared towards Automotive content. Basically it was some 16 year old kid driving around in a Lambo and showing off his vehicles, called JR garage or something.

Icing on the cake was when all of a sudden his channel took a drastic turn from automotive content into financial advice. And basically instead of investing in quality coins like BTC and ETH they promoted shitcoins like Pac-Man Coin and the like.

They also knew nothing about the mid cap coins they promoted like ADA or XRP. They basically said and I still remember this to this day “Ripple is the most decentralized coin on the market, more decentralized than Bitcoin”. I think like a week or month later we hit the market top.

But when we start seeing chefs, mechanics, and hair stylists promoting crypto on their YouTube channel. Means we are nearing the top one way or another.

lul that gave me a good laugh.  in 2017 he posted videos also on mining as did a lot of tech channels.  titles were stuff like Is is too late to mine ?  Or, Is it still profitable to mine ? etc etc etc  always the same ol story

Anyone heard of Linus tech on YouTube? Basically it’s a very popular and technical computer channel. I always liked his content.

A few hours ago he released a new video sponsored by Nicehash called “start mining now before it’s too late”. These types of videos posted by Normies usually indicates a top is going to form sooner or later.

The guy has like 13 million viewers and it should make getting GPUs even more difficult and the difficulty will rise even further since many non miners will start to mine. Especially how easy it is to do on nicehash.

Those fan and ventilators don't have a gearbox since they are fixed in one direction, not in my case..by removing the gear connected to the rotor, it becomes a simple fixed direction industrial fan..weak link removed hehe.

Anyway i have a spare coming, will remove gear too.

At full speed, starting capacitors don't matter much unless the fan is hard to turn at the start.

I have a QuietCool attic fan in the garage window.  It came with a variable speed thingy and thermostat.  I have it plugged on a normal smart plug that I can program on/off times.  https://quietcoolsystems.com/attic-fan/  Bought it on ebay, the green one.  although its better to have the normal red one I think and add your own thermostat / on / off system.  Although they seem to have added that on their new models ?  Made in USA, nice fan, good build quality, actually pretty quiet, low wattage.  so far 3 years almost 24hrs/day except 2-3 months in winter no problems good as new.

it is better to have two instead of one bigger intake industrial fan, when one of them fails at least the farm can get by while the other one is being replaced or repaired.

- always have spares
- always have extra capacitors, they are easy to replace
- it is better to have those industrial fans running at full speed, because even when capacitors fail there is a higher electromagnetism(at full speed) to get the rotor to start rotating, if it did not rotate it can burn the windings or just trip the thermal fuse. in any case it is always better that it keeps on running. the only time it will fail to start is if the bearing is in degraded condition- the higher electromagnetism can't slowly rotate the rotor.  (happened in my farm, so that's why GPU temps are getting suspicious here hehe)

that fan ran for 3-4 years all through out the bear market and in the later part i knew the starting capacitor is dead, but the bearing is okay so i just left it. will try to replace the bearing and capacitor, but if it becomes a nuisance for repair i'll just throw it away.

update:

the culprit was the gearbox with hardened grease inside and weak starting capacitor, fixed it by removing the gear connected to the rotor... now it is just the three, stator, rotor or bearing, who will give in first? hehe...i knew a failing bearing will have some weird noise but none so far.

didn't replace the bearing, although it is not in pristine condition anymore, i think i can squeeze a good 2 or 3 years more from that.

removing bearing needs a press, hammering might compromise the frame or the new bearing or my hands LOL...might bring it to a machine shop in bear market when i have time.

Pny cards are decent. I have a 3070 model. I have to go to brick nj  best buy about 10 miles from my house to pick it up on  the 20th. of march.

Also this purchase put me over the $3500 threshold for 2021  to be an eliteplus member for the whole year.

That means 45 day returns.  So if all gpu mining crashes in 44 days or less I can return the card.  A small hedge.

To be clear I have spent enough with them in

2016
2017
2018
2019
2020
2021

so I am a six year elite plus member I think I have done 3 returns in 40 days in those six years.

Awesome Phil!  I totally missed it.  I haven't shopped at Best Buy for years before this but them keeping their prices at MSRP has me impressed.  Back in January I was able to snag a 3090 Founders Edition from them at MSRP of $1499 and a 3070 for $560.  I guess this was before the 25% tax took place perhaps.