BTC will see 10k before it ever sees 18k again
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BTC will see 10k before it ever sees 18k again
Now a LOCK $18k+ coming after futures settled in 1 week, thanks K!Quote:
Originally Posted by Krypt
I must admit, I'm genuinely fascinated by all this crypto stuff. Not merely because I'm a greedy human and want to make money, but more-so the technical side of things.
Firstly, I like computer games and have been a computer nerd since I first saw a Space Invaders machine.
So I've basically had a computer capable of mining since the beginning.
My first foray was with a single AMD HD5870
Made a profit and had fun, when it was uneconomical with this card I stopped mining.
Upgraded to a new GPU totally for gaming reasons to AMD R9 280X in crossfire. (2 cards)
Realized it was profitable to mine crypto again and had another go at it.
Made a profit stopped when I figured it wasn't worth spending $2 a day in electricity to make $1 or less.
Continued to game with this setup till 6 weeks ago. So after looking at all the available GPU's I figured the GTX1070 was the best value.
It's funny because when I finally bought this card I thought to myself, I can't mine with it as I know the Nvidia cards are terrible for mining.
Well, they used to be totally shit compared to AMD going back a couple of years.
So for the last couple of days I've been playing around with settings and what's not. Mining is all about efficiency in my opinion.
Fired up the 1070 using Claymore miner, straight away I get 26Mh/s and chew through 140W at the wall. I just ran it at my gaming overclock, plenty of GPU boost and mild Mem boost. Not bad considering my old crossfire setup could chew about 650W's
So I go balls deep of course with all the technical shit and I get the sucker running at about 28.5Mh/s and dropped the consumption to 131W @ the wall
Ran it for a couple of days and figured it was profitable again. :)
Did a final optimization this afternoon 32.8Mh/s steady and stable, and only drawing 125W's
$AUD2.00 invested in electricity and holding $AUD25.31 in ETH
Will improve when my efficiency tweeks take effect.
I'm going to do the same stuff I did last time, trade between coins and run it to the moon.
Then work out the best way to short Bitcoin with all my profits when I know it's going to go pop. I'll free-roll this and see if I can catch a falling knife, if I have the nerve. :)
TO THE MOON MOTHERFUCKERS!
https://news.vice.com/en_us/article/...ource=vicefbus
china going after miners full throttle.
Iceland is encouraging folks to use their geothermal, also other countries in that region.Quote:
Originally Posted by sonatine
Several $USD20,000,000+ farms are slated for Iceland in the near future.
You know this shit will encourage the Chinese, anything the government tries to stop must be something to be in. :)
The author of that article is so clueless. I don't know about the China stuff, but the author says something about complex mathematical problems that verify (validate?). This is not true at all God Vice is awful. Anyway, if you think that is true then this news is a lot more interesting.Quote:
Originally Posted by sonatine
[edit - went back and finished reading it. It is even more awfully wrong]
This would only be true if China was able to turn off all miners at once. Then the network would be hosed up for a month or so, but the next difficulty would adjust and things would be back to normal. There is a 2 week adjustment period. (I believe) that the 2 weeks could become 6 weeks if literally 70% of BTC miners were turned off at once. [Which would not happen in China. Thats not how it works]Quote:
Removing a large portion of the network will also slow the number of new bitcoins mined, causing a shortage of supply that in turn will likely result in another surge in price — which currently sits at around $15,500.
However, the addition of new coins is 12.5 every 10 minutes. "Shortage in supply". Not bothering to do the math to show how incredibly stupid of a statement this is. "surge in price" lol truly WTF
You'd think such big media outlet could find a tech writer who understood this shit.
I read about the Chinese government telling the smaller jurisdictions to crackdown on miners last week, it's legit news.Quote:
Originally Posted by donkdowndonediedThe author of that article is so clueless. I don't know about the China stuff, but the author says something about complex mathematical problems that verify (validate?). This is not true at all God Vice is awful. Anyway, if you think that is true then this news is a lot more interesting.Quote:
Originally Posted by sonatine
But knowing how these smaller jurisdictions work, it will be very in-effective.
What the banks are doing at the moment is way more alarming, seems to be coordinated action.
I have little doubt that China wouldn't start cracking down on Bitcoin miners. I can think of many reasons and given the way China works, why not?Quote:
Originally Posted by Salty_AusI read about the Chinese government telling the smaller jurisdictions to crackdown on miners last week, it's legit news.Quote:
Originally Posted by donkdowndonedied
But knowing how these smaller jurisdictions work, it will be very in-effective.
What the banks are doing at the moment is way more alarming, seems to be coordinated action.
However, this having an impact on BTC is questionable. At the most, it shows China's central government (whatever it is named) is sorta going after BTC. Perhaps a lot of protection money and hands will be greased. Perhaps that is the problem here. China doesn't want to be building power stations etc for miners. Anyway, blah, blah, but what I was complaining about is the effect Vice claims this will have on BTC. It just perpetuates misunderstandings. Hashes are not complex mathematical anythings that verify anything.
A better analogy for a miner is a virtual slot machine. You spit out hashes like hitting the fucking button on a slot machine. Once you find one that is higher than the difficulty then you've a score. Faster hashrates are just guys who hit those buttons faster.
Verification etc is done on fullnodes. Also the guy who mines a block verifies the transactions because they want their block to be legitimate or they lose out on the prize. That however has nothing to do with the hash.
You could go find a $30 miner, plug it in and get the software going, whatevers. You'd have a non-zero change of scoring 180k USD. That'd just be a really slowass slotmachine.
Hey remember those big fancy btc etf proposals?
Yeah those are donkdown too. GG NH.
https://www.reuters.com/article/us-b...-idUSKBN1EY045
Might actually keep bitcoin alive a bit longer.Quote:
Originally Posted by sonatine
Big players can't sell-off, and take short positions easily.
Jamie Dimon regrets calling bitcoin a fraud.
https://news.bitcoin.com/jp-morgan-j...aud-statement/
he probably got tired of the death threats.Quote:
Originally Posted by big dick
Hey guys, remember when people were calling for $1m a btc? LOL this trash will never see $20k again, let alone $100k etc Rofl you stupid motherfuckers. Chinamaniac missing in action
Krypt is bitcoin's savior. Monster rally around the corner. Millions have been made in crypto and Krypt made $0.Quote:
Originally Posted by Krypt
$13,500. Krypt = GOD
Ripple getting pummeled.Quote:
Originally Posted by snake_in_the_ass
How much do you want to bet on 20k a coin?Quote:
Originally Posted by Krypt
Doesnt matter what happens to bitcoin for me anyhow. Could go to zero tomorrow and I will not lose a dime
shout out to pennycurrency thousandaires.
https://www.reuters.com/article/us-s...-idUSKBN1F002B
largest exchanges in south korea raided for tax evasion.
LIMIT DOWN
SCHNELLLLLLLLLLLLLLL
These lines are equal length.
Having been informed of that, China will still insist (b.) is shorter.
Perception has the power to overwhelm reality
fucking fags so happy seeing people lose money just to say you're right. Keep sucking the jew bankers dicks fags
VERY BAD BLOODBATH
Quote:
Originally Posted by big dick
greedy cunts going broke on crypto pennystocks is the phrase 'chickens coming home to roost' made flesh.
a bunch of queermos bought coins to buy drugs and gamble anonymously and thought they were gordon gecko when their beanie babies started to be 'worth' something?
zero sympathy.
zero sympathy at all.
lol bitcoin401k.com, get the fuck off the block you simple impudent burgers.
ICO’s and the 100’s of altcoins created every week are not some exercise in altruism. Some speculators cash nearly as much as the creators but in the end most get left holding the bag.Quote:
Originally Posted by big dick
Maybe bitcoin’s intentions were once pure.
Somebody’s gotta pay for Obama’s bailout of Wall Street and pay for our 20 years in the Middle East. When no one wants our bonds anymore (today’s story on Wall Street) we gotta fire up the printing presses.
If anyone actually ever used Bitcoin (or any other shitcoin) as a useful currency your children would be selling apples on the street corner.
Don’t be antisocial and un-American.
Oh hey anyone going to be North American Bitcoin Conference in Miami?
Fun fact: you cant pay for your ticket with bitcoin.
How about that.
https://www.stuff.co.nz/business/wor...oin-as-payment
It's ok im just gonna buy more while it's dipping.
I like you actually like you a lot but it's shameful to see you so happy as some of your friends get buried for large sums of their hard earned money.Quote:
Originally Posted by sonatine
Quote:
Originally Posted by big dickI like you actually like you a lot but it's shameful to see you so happy as some of your friends get buried for large sums of their hard earned money.Quote:
Originally Posted by sonatine
They were warned, and I'm not sure you know what the word 'shameful' means.
If my friends want to fuck a beehive and I'm like dont do it, there are bees in there and they sting, and they are like FUCK IT IM GOING FOR IT, I reserve the right to youtube that shit and scream Worldstar while they suffer the consequences.
Also this wasnt all caused by the raids on the SK exchanges, it was caused by the government announcing they are banning bitcoin trading outright immediately after them.
prohibition always works right?
bruh youre being sorta emo.
also what are you worried about? the winklevossinati will just fire up their HFT bots and pump this garbage back up in a few days.
https://www.coindesk.com/south-korea...ng-ban-report/
They just want taxes. No ban fags
Market starting to recover SUCK IT FAGS
I have a knack for fucking up threads ... but I got you bigdick. Surely, you’ve heard of Jimmy Hoffa the teamster boss.
I’m a big union guy too.
This interview was ‘73 after he got released from doing 4 years in prison. Bobby Kennedy fucked this guy over huge. Hoffa turned up missing in ‘75. It was always said he was deposited into the cement of Giants stadiums foundation.
I never actually saw him speak. I thought this was a pretty cool interview.
This has gotta cause you to wonder about how I spend my time. That’s another subject.
Dick Cavett does a pretty good job but he is insufferable too. Please dear god skip his monologue and start at 4:45
If your buying bitcoin your gonna have lots of time to kill waiting for confirmations anyway
http://youtu.be/f08Ucdb63bw
dick cavette is the sufferablest.
god of gods.
His interview with Orson Welles (Citizen Kane, War of the Worlds) gave me chills. It was said Welles’ IQ was beyond genius.Quote:
Originally Posted by sonatine
There is a bit of Anthony Bourdain’s Jeremiah Tower - the kid background ... product of eccentric wealthy parents and the effect on the adult.
But you never saw The Last Magnificent.
Eat your broccoli
His interviews with Hendrix and Joplin are great entry points for the miracle that is Cavette.
I hope that in my lifetime, a complete digital archive of his work will be released in one fell swoop.
Guys quit sidetracking the thread
Bitcoins are dd
I guess it’s now safe to confess I have scheduled my box to record every show. Five a night. All these names I have heard or read about. I scan the show description to pick and choose but often stumble onto another guest and the interviews are just one bonus after another.Quote:
Originally Posted by sonatine
As much as anything it is a time capsule of the ‘70’s. I can’t put into words what a different era it was. I’m fascinated by that. If they only knew what the future had in store.
Truman Capote just fucked with Cavett during one interview. Tremendous