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Riding the Crypto wave

cdawall

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And in other news coinbase seems alive again. Missing transaction just pushed through, I'm going to give it a bit before I transfer any of my other wallet funds into it though :roll:
 

hat

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So far I've got $230 USD from Coinbase. Not that I really wanted to, but I kinda had to. This is definitely helping us out financially, even though the market is not all that it once was. I'm considering getting a halfways decent power supply for my other computer and seeing if I can get a third card mining. Maybe I'll get a 1060 for my main rig and run a 1060 and a 1070 and then move a 1070 over to the other rig... or would that be unfavorable? Best to keep the same model card in one rig?
 
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So far I've got $230 USD from Coinbase. Not that I really wanted to, but I kinda had to. This is definitely helping us out financially, even though the market is not all that it once was. I'm considering getting a halfways decent power supply for my other computer and seeing if I can get a third card mining. Maybe I'll get a 1060 for my main rig and run a 1060 and a 1070 and then move a 1070 over to the other rig... or would that be unfavorable? Best to keep the same model card in one rig?

ROI on a 1060 right now is pretty low. Personally, I'd aim for a 1070, unless you have spare room in an existing rig. A single card in a single rig is going to do little more than break even at this point.

Edit - I see that your current Mainboard will support more cards, if you get a 1060, put it in with the others. It draws about 150 W, so will make an okay profit (if your PSU can support it)
 
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a single 1060 draws closer to 100 watts (a bit less if set right.. my 1070s pull about 120 watts each..

trog
 

r9

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I just saw an ad on craigslist for 16 x r9 290 at $140 each.
Probable even less than that if you barging and get enough of them.
They have same hash rate as gtx 1070 with 60% higher power consumption.
Still plenty profitable.
I didn't plan on expanding, but I'm tempted.
*Correction they were r9 280x @ 25MHs I believe.
 

cdawall

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I just saw an ad on craigslist for 16 x r9 290 at $140 each.
Probable even less than that if you barging and get enough of them.
They have same hash rate as gtx 1070 with 60% higher power consumption.
Still plenty profitable.
I didn't plan on expanding, but I'm tempted.
*Correction they were r9 280x @ 25MHs I believe.

So barely higher than a 1060
 
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It's not a big deal if you plan is to hold. It's a missed opportunity to buy more, but I don't think anyone here is a trader, I certainly don't have the time or funds to monitor the market

In the LT stock markets always rise. They always fall too. There are dips and peaks, but you still get the general trend. It's why Index funds are one of the best investments.

Time will tell if it becomes the case with the crypto market, but I will continue to mine so long as the current value does not dip below the cost of electricity. At that point, it's better to buy direct.
 

hat

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Yeah... BTC may have lost what, like $900... but it'll go back up, at which point the BTC we already have now will be worth more again. I've seen anywhere from $3-$5 per day from my mining since I actually got started, with $4 being the reward most of the time. The whole thing is a roller coaster ride. There are lows but there are also highs.
 
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btc is currently down to $3500-ish from its record high of $4900-ish just over a week back..

its also (along with all other cryptos) still rapidly heading down.. so far its lost about $1400 hundred dollars.. :)

trog
 

hat

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Like I said, roller coaster. But if you hold the BTC you're earning right now, it'll be worth more when it comes back up. A dollar today becomes two dollars tomorrow.
 
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down to just over $3000 dollars and still falling.. its beginning to look like a crypto disaster story to me.. he he..

trog
 

ppn

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Price gauging. Oh no they are overcharging for water(bitcoin) when there is no water(bitcoin) around and so on, and to me I'd rather actually the prices be higher because thats what is going to do is gonna draw peoples attention in and they are going to try and ship more water(bitcoin by forking) and is going to drive the prices back down. A spike in prices is the markets way of saying there is a hudge demand and people are going to rush in and pile it and drive the prices back down.

A great quote from Stefan today, with a twist. We don't want to be hypocritical after all.
 
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Price gauging. Oh no they are overcharging for water(bitcoin) when there is no water(bitcoin) around and so on, and to me I'd rather actually the prices be higher because thats what is going to do is gonna draw peoples attention in and they are going to try and ship more water(bitcoin by forking) and is going to drive the prices back down. A spike in prices is the markets way of saying there is a hudge demand and people are going to rush in and pile it and drive the prices back down.

A great quote from Stefan today, with a twist. We don't want to be hypocritical after all.

The thing about bitcoin is the supply is regulated. There isn't "more bitcoin per second" no matter how many miners mine.
 

hat

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Other currencies are tanking too. I'm currently mining at $2.58/day :/
 
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Other currencies are tanking too. I'm currently mining at $2.58/day :/

All crypto is more or less linked to bitcoin at present.
 
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bitcoin may bottom out at $3000.. if it dosnt it could go a lot lower..

trog
 

r9

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I bought couple ETH at $230.
I thought that is as low as it will go, clearly I was wrong.
 
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The dream might be over soon....
 
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all very neat and looks like it was done to plan.. bitcoin bottomed at exactly $3000 and etherium at exactly $200.. he he

i recon it will top at bitcoin $4000 and then go sideways for a while.. i dont recon the dream is over yet.. :)

trog
 
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With the equifax leak which is a big deal with the whole credit system. I think the future of crypto is bright.
 
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the price of bitcoin governed it all.. in neat 200 dollar increments.. looking at a 24 hour chart it was all very obvious.. people just watching and waiting for the bottom ready to buy back in..

its now paused at 3600 for a while on its way back up.. such downward moves drive out the weaker players to the profit of the stronger ones..

trog
 
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The main reason crypto is failing because most people trade it or compare it to fiat currency. I do understand that in order to prevent this a wide adoption of crypto must be present. The adoption rate is slow and unless big companies accept it, volatility would still be present.
 

cdawall

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The main reason crypto is failing because most people trade it or compare it to fiat currency. I do understand that in order to prevent this a wide adoption of crypto must be present. The adoption rate is slow and unless big companies accept it, volatility would still be present.

Big companies are starting to accept it
 
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Mouse Logitech G305 Lightspeed Wireless
Keyboard WASD Code v3 with Cherry Green keyswitches + PBT DS keycaps
Software Gentoo Linux x64
The main reason crypto is failing

Wait, when did it start failing? lol, we're still up 10x it's value from last year, and it was doing fine then too.
 
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