D
Deleted member 158293
Guest
Bitcoin volume at CME Group topped $1 billion for the first time yesterday. Lots of shorts on CME went under 
-
Welcome to TechPowerUp Forums, Guest! Please check out our forum guidelines for info related to our community.
The State of Cryptocurrency
- Thread starter trog100
- Start date
Space Lynx
Astronaut
- Joined
- Oct 17, 2014
- Messages
- 16,000 (4.60/day)
- Location
- Kepler-186f
Bitcoin volume at CME Group topped $1 billion for the first time yesterday. Lots of shorts on CME went under
no idea what this means, you are on a different level mate. care to explain in laymans terms what this means?
Anybody CPU mining? I was doing nice hash last may; was making round 3$-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....
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
- 8,253 (1.23/day)
| System Name | money pit.. |
|---|---|
| Processor | Intel 9900K 4.8 at 1.152 core voltage minus 0.120 offset |
| 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 | 150 nvme boot drive partition.. 1T Sandisk sata.. 1T Transend sata.. 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.. |
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
- 21,731 (3.41/day)
- Location
- Ohio
| System Name | Starlifter :: Dragonfly |
|---|---|
| Processor | i7 2600k 4.4GHz :: i5 10400 |
| Motherboard | ASUS P8P67 Pro :: ASUS Prime H570-Plus |
| Cooling | Cryorig M9 :: Stock |
| Memory | 4x4GB DDR3 2133 :: 2x8GB DDR4 2400 |
| Video Card(s) | PNY GTX1070 :: Integrated UHD 630 |
| Storage | Crucial MX500 1TB, 2x1TB Seagate RAID 0 :: Mushkin Enhanced 60GB SSD, 3x4TB Seagate HDD RAID5 |
| Display(s) | Onn 165hz 1080p :: Acer 1080p |
| Case | Antec SOHO 1030B :: Old White Full Tower |
| Audio Device(s) | Creative X-Fi Titanium Fatal1ty Pro - Bose Companion 2 Series III :: None |
| Power Supply | FSP Hydro GE 550w :: EVGA Supernova 550 |
| 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.
D
Deleted member 158293
Guest
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
- 1,002 (0.19/day)
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).
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..
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
- 26,259 (4.63/day)
- Location
- IA, USA
| System Name | BY-2021 |
|---|---|
| Processor | AMD Ryzen 7 5800X (65w eco profile) |
| Motherboard | MSI B550 Gaming Plus |
| Cooling | Scythe Mugen (rev 5) |
| Memory | 2 x Kingston HyperX DDR4-3200 32 GiB |
| Video Card(s) | AMD Radeon RX 7900 XT |
| Storage | Samsung 980 Pro, Seagate Exos X20 TB 7200 RPM |
| Display(s) | Nixeus NX-EDG274K (3840x2160@144 DP) + Samsung SyncMaster 906BW (1440x900@60 HDMI-DVI) |
| Case | Coolermaster HAF 932 w/ USB 3.0 5.25" bay + USB 3.2 (A+C) 3.5" bay |
| Audio Device(s) | Realtek ALC1150, Micca OriGen+ |
| Power Supply | Enermax Platimax 850w |
| Mouse | Nixeus REVEL-X |
| Keyboard | Tesoro Excalibur |
| Software | Windows 10 Home 64-bit |
| Benchmark Scores | Faster than the tortoise; slower than the hare. |
It was another pump and dump:
www.reuters.com
What a rollercoaster:
Bitcoin sinks abruptly after seven weeks of recovery
The price of bitcoin abruptly sank more than 20% on Friday, a move that didn't appear to have a particular trigger and came after a strong recovery in the crypto-currency since early April that took it to 10-month highs.
www.reuters.com
- Joined
- Aug 3, 2011
- Messages
- 1,896 (0.41/day)
- Location
- Walkabout Creek
| System Name | Raptor Baked |
|---|---|
| Processor | 14900k w.c. |
| Motherboard | Z790 Hero |
| Cooling | w.c. |
| Memory | 32GB Hynix |
| Video Card(s) | Zotac 4080 w.c. |
| Storage | 2TB Kingston kc3k |
| Display(s) | Gigabyte 34" Curved |
| Case | Corsair 460X |
| Audio Device(s) | Onboard |
| Power Supply | PCIe5 850w |
| Mouse | Asus |
| Keyboard | Corsair |
| Software | Win 11 |
| Benchmark Scores | Cool n Quiet. |
Probably the guy that bought 20K worth of BTC on the 1st April @ 4k. Sold them @ 8K - doubled his money : )
Space Lynx
Astronaut
- Joined
- Oct 17, 2014
- Messages
- 16,000 (4.60/day)
- Location
- Kepler-186f
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
- 1,002 (0.19/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..
Ofc, its easier to imagine that its manipulated..
FordGT90Concept
"I go fast!1!11!1!"
- Joined
- Oct 13, 2008
- Messages
- 26,259 (4.63/day)
- Location
- IA, USA
| System Name | BY-2021 |
|---|---|
| Processor | AMD Ryzen 7 5800X (65w eco profile) |
| Motherboard | MSI B550 Gaming Plus |
| Cooling | Scythe Mugen (rev 5) |
| Memory | 2 x Kingston HyperX DDR4-3200 32 GiB |
| Video Card(s) | AMD Radeon RX 7900 XT |
| Storage | Samsung 980 Pro, Seagate Exos X20 TB 7200 RPM |
| Display(s) | Nixeus NX-EDG274K (3840x2160@144 DP) + Samsung SyncMaster 906BW (1440x900@60 HDMI-DVI) |
| Case | Coolermaster HAF 932 w/ USB 3.0 5.25" bay + USB 3.2 (A+C) 3.5" bay |
| Audio Device(s) | Realtek ALC1150, Micca OriGen+ |
| Power Supply | Enermax Platimax 850w |
| Mouse | Nixeus REVEL-X |
| Keyboard | Tesoro Excalibur |
| Software | Windows 10 Home 64-bit |
| Benchmark Scores | Faster than the tortoise; slower than the hare. |
Correction
A correction is a drop of at least 10% in the price of a stock, bond, commodity, or index.
Crash: What it Means, How it Works, Examples
A crash is a sudden and significant decline in the value of a market. A crash is most often associated with an inflated stock market.
Pump-and-Dump: Definition, How the Scheme is Illegal, and Types
Pump-and-dump is a manipulative scheme to boost the price of a security through fake recommendations based on false, misleading, or exaggerated statements.
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
- 3,984 (1.19/day)
| System Name | Wut? |
|---|---|
| Processor | 3900X |
| Motherboard | ASRock Taichi X570 |
| Cooling | Water |
| Memory | 32GB GSkill CL16 3600mhz |
| Video Card(s) | Vega 56 |
| Storage | 2 x AData XPG 8200 Pro 1TB |
| Display(s) | 3440 x 1440 |
| Case | Thermaltake Tower 900 |
| Power Supply | Seasonic Prime Ultra Platinum |
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?
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.
D
Deleted member 158293
Guest
Selloff as expected, just 1 week later which is interesting in itself.
- Joined
- Dec 18, 2005
- Messages
- 8,253 (1.23/day)
| System Name | money pit.. |
|---|---|
| Processor | Intel 9900K 4.8 at 1.152 core voltage minus 0.120 offset |
| 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 | 150 nvme boot drive partition.. 1T Sandisk sata.. 1T Transend sata.. 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.. |
FordGT90Concept
"I go fast!1!11!1!"
- Joined
- Oct 13, 2008
- Messages
- 26,259 (4.63/day)
- Location
- IA, USA
| System Name | BY-2021 |
|---|---|
| Processor | AMD Ryzen 7 5800X (65w eco profile) |
| Motherboard | MSI B550 Gaming Plus |
| Cooling | Scythe Mugen (rev 5) |
| Memory | 2 x Kingston HyperX DDR4-3200 32 GiB |
| Video Card(s) | AMD Radeon RX 7900 XT |
| Storage | Samsung 980 Pro, Seagate Exos X20 TB 7200 RPM |
| Display(s) | Nixeus NX-EDG274K (3840x2160@144 DP) + Samsung SyncMaster 906BW (1440x900@60 HDMI-DVI) |
| Case | Coolermaster HAF 932 w/ USB 3.0 5.25" bay + USB 3.2 (A+C) 3.5" bay |
| Audio Device(s) | Realtek ALC1150, Micca OriGen+ |
| Power Supply | Enermax Platimax 850w |
| Mouse | Nixeus REVEL-X |
| Keyboard | Tesoro Excalibur |
| Software | Windows 10 Home 64-bit |
| Benchmark Scores | Faster than the tortoise; slower than the hare. |
Another pump...
- Joined
- Mar 10, 2015
- Messages
- 3,984 (1.19/day)
| System Name | Wut? |
|---|---|
| Processor | 3900X |
| Motherboard | ASRock Taichi X570 |
| Cooling | Water |
| Memory | 32GB GSkill CL16 3600mhz |
| Video Card(s) | Vega 56 |
| Storage | 2 x AData XPG 8200 Pro 1TB |
| Display(s) | 3440 x 1440 |
| Case | Thermaltake Tower 900 |
| Power Supply | Seasonic Prime Ultra Platinum |
Keep on pumping baby...Daddy needs a new pair of shoes.
- Joined
- Aug 20, 2007
- Messages
- 20,787 (3.41/day)
| System Name | Pioneer |
|---|---|
| Processor | Ryzen R9 7950X |
| Motherboard | GIGABYTE Aorus Elite X670 AX |
| Cooling | Noctua NH-D15 + A whole lotta Sunon and Corsair Maglev blower fans... |
| Memory | 64GB (4x 16GB) G.Skill Flare X5 @ DDR5-6000 CL30 |
| Video Card(s) | XFX RX 7900 XTX Speedster Merc 310 |
| Storage | 2x Crucial P5 Plus 2TB PCIe 4.0 NVMe SSDs |
| Display(s) | 55" LG 55" B9 OLED 4K Display |
| Case | Thermaltake Core X31 |
| Audio Device(s) | TOSLINK->Schiit Modi MB->Asgard 2 DAC Amp->AKG Pro K712 Headphones or HDMI->B9 OLED |
| Power Supply | FSP Hydro Ti Pro 850W |
| Mouse | Logitech G305 Lightspeed Wireless |
| Keyboard | WASD Code v3 with Cherry Green keyswitches + PBT DS keycaps |
| Software | Gentoo Linux x64 |
Does someone need to reset fords record?
Doing fine here, anyways. Expect an upward trend from here myself. Yes there'll be corrections that ford can shout "dump!" on, but the trend should be rise (no to 20k+ mind, that was batshit and I hated it).
- Joined
- Dec 18, 2005
- Messages
- 8,253 (1.23/day)
| System Name | money pit.. |
|---|---|
| Processor | Intel 9900K 4.8 at 1.152 core voltage minus 0.120 offset |
| 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 | 150 nvme boot drive partition.. 1T Sandisk sata.. 1T Transend sata.. 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.. |
my biggest loser was neo.. i sold a bunch of litecoin to buy neo.. now its worth next to f-ck all.. he he
still its nice to see it all moving higher..
trog
still its nice to see it all moving higher..
trog
- Joined
- Aug 20, 2007
- Messages
- 20,787 (3.41/day)
| System Name | Pioneer |
|---|---|
| Processor | Ryzen R9 7950X |
| Motherboard | GIGABYTE Aorus Elite X670 AX |
| Cooling | Noctua NH-D15 + A whole lotta Sunon and Corsair Maglev blower fans... |
| Memory | 64GB (4x 16GB) G.Skill Flare X5 @ DDR5-6000 CL30 |
| Video Card(s) | XFX RX 7900 XTX Speedster Merc 310 |
| Storage | 2x Crucial P5 Plus 2TB PCIe 4.0 NVMe SSDs |
| Display(s) | 55" LG 55" B9 OLED 4K Display |
| Case | Thermaltake Core X31 |
| Audio Device(s) | TOSLINK->Schiit Modi MB->Asgard 2 DAC Amp->AKG Pro K712 Headphones or HDMI->B9 OLED |
| Power Supply | FSP Hydro Ti Pro 850W |
| Mouse | Logitech G305 Lightspeed Wireless |
| Keyboard | WASD Code v3 with Cherry Green keyswitches + PBT DS keycaps |
| Software | Gentoo Linux x64 |
I bought a small bit of Litecoin a week ago. Going to sit on it until the block halving in August.
D
Deleted member 158293
Guest
CBOE Bitcoin futures trading opens on Sunday evenings, so probably caused the pump. Yeah looks like institutional demand for Bitcoin is still increasing
Space Lynx
Astronaut
- Joined
- Oct 17, 2014
- Messages
- 16,000 (4.60/day)
- Location
- Kepler-186f
AT&T also announced they are allowing customers to pay in Bitcoin, and several major retailers are adding Bitcoin as payment method, so not just a pump this time, an actual acceptance of the currency outside of having to rely on exchanges. I won't be buying any though, I need very little money in this life to be happy, and am not willing to risk it on gambling, drugs, alcohol, or ciggs.
D
Deleted member 158293
Guest
Yup, seems to explain at least one reason why U.S. Bitcoin futures are leading and rising faster than the rest of the global Bitcoin market in general. If corporations are moving towards bitcoin, they need to secure (hedge) themselves through futures, same as any currency on forex.
This is a big difference from years before where futures just weren't available and limited bitcoin's commercial appeal.
Can't imagine what will happen when the Lightning protocol will be ready for primetime use.
This is a big difference from years before where futures just weren't available and limited bitcoin's commercial appeal.
Can't imagine what will happen when the Lightning protocol will be ready for primetime use.
- Joined
- Dec 18, 2005
- Messages
- 8,253 (1.23/day)
| System Name | money pit.. |
|---|---|
| Processor | Intel 9900K 4.8 at 1.152 core voltage minus 0.120 offset |
| 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 | 150 nvme boot drive partition.. 1T Sandisk sata.. 1T Transend sata.. 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.. |
Bitcoin now up over $9000.. still on a sustained up it seems..
trog
trog