• Welcome to TechPowerUp Forums, Guest! Please check out our forum guidelines for info related to our community.

The State of Cryptocurrency

Joined
Jun 28, 2015
Messages
456 (0.32/day)
Bitcoin volume at CME Group topped $1 billion for the first time yesterday. Lots of shorts on CME went under :toast:
 
Joined
Oct 17, 2014
Messages
2,430 (1.44/day)
Location
USA
System Name Obsidian Heliotropium
Processor i7-7820HQ
Memory 2x8GB (16GB) 2133
Video Card(s) GTX 1070
Storage 250GB 970 EVO, 2TB 860 EVO
Display(s) 17.3" 100hz IPS G-Sync
Audio Device(s) Schiit Asgard 2, Schiit Modi 3, Sennheiser HD58X
Mouse Logitech G303
Keyboard Logitech Cherry Mx Blue
Bitcoin volume at CME Group topped $1 billion for the first time yesterday. Lots of shorts on CME went under :toast:

no idea what this means, you are on a different level mate. care to explain in laymans terms what this means?
 
Joined
Oct 25, 2018
Messages
143 (0.67/day)
Anybody CPU mining? I was doing nice hash last may; was making round 3$-4$ day off just CPU's....
tried it over the winter; and profit was .10 cents....lol....

just wondering since i have a lot of multicore Server CPU's with large L3's....
 
Joined
Dec 18, 2005
Messages
6,934 (1.41/day)
System Name money pit..
Processor Intel 8700K at 4900 mhz.. 1.24 volt core
Motherboard Asus rog Strix Z370-F Gaming
Cooling Dark Rock TF air cooler.. Stock vga air coolers with case side fans to help cooling..
Memory 32 gb corsair vengeance 3200
Video Card(s) Palit Gaming Pro OC 2080TI
Storage 128 Transend boot drive.. 1T Sandisk.. 1T Transend.. 1T 970 evo nvme m 2..
Display(s) 27" Asus PG279Q ROG Swift 165Hrz Nvidia G-Sync, IPS.. 2560x1440..
Case Gigabyte mid-tower.. cheap and nothing special..
Audio Device(s) onboard sounds with stereo amp..
Power Supply EVGA 850 watt..
Mouse Logitech G700s
Keyboard Logitech K270
Software Win 10 pro..
Benchmark Scores Firestike 29500.. timepsy 14000..
no idea what this means, you are on a different level mate. care to explain in laymans terms what this means?
it means that people who bet on it going down lost out.. going long means betting on it going up.. going short means betting on it going down..

trog
 

hat

Enthusiast
Joined
Nov 20, 2006
Messages
20,587 (4.50/day)
Location
Ohio
System Name Starlifter :: Dragonfly
Processor i7 2600k 4.4GHz :: Athlon II x4 630 3.5GHz
Motherboard ASUS P8P67 Pro :: GIgabyte GA-770T-USB3
Cooling Corsair H70 :: Thermaltake Big Typhoon
Memory 2x4GB DDR3 1866 :: 2x1GB DDR3 1333
Video Card(s) 2x PNY GTX1070 :: none
Storage Plextor M5s 128GB, WDC Black 500GB :: Mushkin Enhanced 60GB SSD, WD RE3 1TB
Display(s) Acer P216HL HDMI :: None
Case Antec SOHO 1030B :: Old White Full Tower
Audio Device(s) Onboard - iLive IT153B Soundbar (optical) :: None
Power Supply EVGA 500w 80 Plus :: Wounded Corsair CX600
Software Windows 10 Pro - Plex Server on Dragonfly
Benchmark Scores >9000
You gotta have some serious CPUs to make that worth it. Most people only do GPU mining these days.
 
Joined
Jun 28, 2015
Messages
456 (0.32/day)
no idea what this means, you are on a different level mate. care to explain in laymans terms what this means?
it means that people who bet on it going down lost out.. going long means betting on it going up.. going short means betting on it going down..

trog
The CME is for Chicago Mercantile Exchange, this is currently one of the biggest gateways for U.S. institutional investors to buy bitcoin futures. This is not a fly-by-night exchange.

A lot of companies use this to hedge their positions so they don't lose out weather bitcoin goes up or down. The fact that the sellers were blown out of the water there generally means demand is very high.
 
Joined
Jul 24, 2009
Messages
592 (0.16/day)
Anybody CPU mining? I was doing nice hash last may; was making round 3$-4$ day off just CPU's....
tried it over the winter; and profit was .10 cents....lol....

just wondering since i have a lot of multicore Server CPU's with large L3's....
Only if you mine something thats "CPU only mining" otherwise no. Usually most profitable is ETC, from those normal ones. Which is GPU or ASIC (unsure if ASICs work now).
 
Joined
Oct 25, 2018
Messages
143 (0.67/day)
Thanks; I fortgot what algo nice hash was using when mining. It was probably was mining a CPU only coin...
Its probably not worth my time and power cost.
From what I understand; when the popularity went down and the difficulty
of the alt coins went up...it became worthless..
 

FordGT90Concept

"I go fast!1!11!1!"
Joined
Oct 13, 2008
Messages
24,734 (6.38/day)
Location
IA, USA
System Name BY-2015
Processor Intel Core i7-6700K (4 x 4.00 GHz) w/ HT and Turbo on
Motherboard MSI Z170A GAMING M7
Cooling Scythe Kotetsu
Memory 2 x Kingston HyperX DDR4-2133 8 GiB
Video Card(s) Sapphire NITRO+ RX 590 Special Edition 8 GiB DVI + HDMI
Storage Crucial MX300 275 GB, Seagate Exos X12 TB 7200 RPM
Display(s) Samsung SyncMaster T240 24" LCD (1920x1200 HDMI) + Samsung SyncMaster 906BW 19" LCD (1440x900 DVI)
Case Coolermaster HAF 932 w/ USB 3.0 5.25" bay
Audio Device(s) Realtek Onboard, Micca OriGen+
Power Supply Enermax Platimax 850w
Mouse SteelSeries Sensei RAW
Keyboard Tesoro Excalibur
Software Windows 10 Pro 64-bit
Benchmark Scores Faster than the tortoise; slower than the hare.
Joined
Aug 3, 2011
Messages
890 (0.31/day)
Location
At the Pub
System Name Sli Lake
Processor i5 7600K w.c
Motherboard Z170 Pro Gaming
Cooling Hardline Acrylic w.c
Memory 2x8GB Corsair 3000
Video Card(s) GTX 1070 Sli w.c
Storage M.2 850 Evo 512
Display(s) 4K 40" BDM4065UC
Case Corsair 750D
Audio Device(s) Asus Zonar
Power Supply Corsair AX1200
Mouse Logitech G502
Keyboard Logitech G910
Software Win 10 x64 atm
Benchmark Scores It Chops
Joined
Oct 17, 2014
Messages
2,430 (1.44/day)
Location
USA
System Name Obsidian Heliotropium
Processor i7-7820HQ
Memory 2x8GB (16GB) 2133
Video Card(s) GTX 1070
Storage 250GB 970 EVO, 2TB 860 EVO
Display(s) 17.3" 100hz IPS G-Sync
Audio Device(s) Schiit Asgard 2, Schiit Modi 3, Sennheiser HD58X
Mouse Logitech G303
Keyboard Logitech Cherry Mx Blue
Probably the guy that bought 20K worth of BTC on the 1st April @ 4k. Sold them @ 8K - doubled his money : )
w

how does one spend such little profit though if one is already subject to impulse buying? its no different than the 18 yr old kids who graduate from high school, who end up making 50k a year right away, and they end up blowing it all on dumb stuff. sorry but your 60 grand pickup truck is just as a good as my little camry. it gets me from place A to place B reliably. everything in existence is simply perception at this point, and attitude. sadly, enough is never for any of us. I admire the Stoics of ancient times.
 
Joined
Jul 24, 2009
Messages
592 (0.16/day)
There is a thing called "correction". Which is something that happens after market reaches certain point in upward trend. Surprisingly, price cant go upwards forever.

Ofc, its easier to imagine that its manipulated..
 

FordGT90Concept

"I go fast!1!11!1!"
Joined
Oct 13, 2008
Messages
24,734 (6.38/day)
Location
IA, USA
System Name BY-2015
Processor Intel Core i7-6700K (4 x 4.00 GHz) w/ HT and Turbo on
Motherboard MSI Z170A GAMING M7
Cooling Scythe Kotetsu
Memory 2 x Kingston HyperX DDR4-2133 8 GiB
Video Card(s) Sapphire NITRO+ RX 590 Special Edition 8 GiB DVI + HDMI
Storage Crucial MX300 275 GB, Seagate Exos X12 TB 7200 RPM
Display(s) Samsung SyncMaster T240 24" LCD (1920x1200 HDMI) + Samsung SyncMaster 906BW 19" LCD (1440x900 DVI)
Case Coolermaster HAF 932 w/ USB 3.0 5.25" bay
Audio Device(s) Realtek Onboard, Micca OriGen+
Power Supply Enermax Platimax 850w
Mouse SteelSeries Sensei RAW
Keyboard Tesoro Excalibur
Software Windows 10 Pro 64-bit
Benchmark Scores Faster than the tortoise; slower than the hare.

Enron was behind a pump and dump in oil...they got shut down...hard. Because cryptocurrencies are decentralized and accounts are generally anonymous, there's no legal path to pursue those that pump and dump. And so, cryptocurrencies primary advantage is also it's primary disadvantage.
 
Last edited:
Joined
Mar 10, 2015
Messages
1,661 (1.08/day)
System Name Wut?
Processor 4770K @ 4.4
Motherboard MSI Z97 Gaming 7
Cooling Water
Memory 16GB DDR3 2400
Video Card(s) Vega 56
Storage 1TB SSD, forgot which one. Evo maybe?
Display(s) 3440 x 1440
Case Thermaltake T81
Power Supply Seasonic 750 Watt Gold
sorry but your 60 grand pickup truck is just as a good as my little camry. it gets me from place A to place B reliably.
Can your Camry tow a boat from point A to point B? Is a Pentium 4 as good as a 2700X because they both boot a computer and open a program?

everything in existence is simply perception at this point
And functionality fitting in use case. Not everything is perception. I can't make a Camry tow my boat based on perception. Well, I can but it isn't going to make back from point B to point A.
 
Top