Bitcoin and cryptocurrency trading thread

[Sharkman]

I'm keeping the indoor ones as they're free heating during the winter but all the rest are off.

out of curiosity have you looked into the viability of renting out GPU power for AI learning instead?

came across this idea yesterday while idly googling around, a single RTX 3090 seems to pay around $0.30 (USD) an hour for this, which is way more than a 3090 would get from mining eth at this point, even after the difficulty bomb delay which appears to have bumped up eth mining profits by about 20-25% (at least in the short term).

downsides are that it's not constant, you have to list your rig and wait for someone to pick up the contract. and you have to keep it running until the job is finished, can't start and stop it whenever you want, like you can with mining. which shouldn't be an issue for dedicated mining rigs, but probably prevents me from pursuing this at the moment, as sometimes i want to use my PC for other stuff.

still, could be a potential alternative for putting spare GPUs to work in the meantime whilst waiting for the crypto market to recover (if it ever does).

 

[mullokintyre]

out of curiosity have you looked into the viability of renting out GPU power for AI learning instead?

came across this idea yesterday while idly googling around, a single RTX 3090 seems to pay around $0.30 (USD) an hour for this, which is way more than a 3090 would get from mining eth at this point, even after the difficulty bomb delay which appears to have bumped up eth mining profits by about 20-25% (at least in the short term).

downsides are that it's not constant, you have to list your rig and wait for someone to pick up the contract. and you have to keep it running until the job is finished, can't start and stop it whenever you want, like you can with mining. which shouldn't be an issue for dedicated mining rigs, but probably prevents me from pursuing this at the moment, as sometimes i want to use my PC for other stuff.

still, could be a potential alternative for putting spare GPUs to work in the meantime whilst waiting for the crypto market to recover (if it ever does).

There is of course a far more worthy and altruistic use for othewise dormant CPU’s.
Shared community computing by the likes of BOINC and SETI have been around for years . These orgs offer the computing power of hundreds of thousand small computers to numerous not for profit agencies working on math, health, AI, climate projects, genetic research, drug research and so forth. I have had BOINC running on my systems since 2002, clocking up about 8miilion hours of cumputing work units.
A user can partipate in one or all projects by selectiion, and determine what percentage of hardware can be used by the projects in total.
mick

 

[over9k]

 

[over9k]

Breakout!

 

[noirua]

What are crypto pump-and-dump groups? Are they legal?

Self-organized groups of people who promote unknown coins on the Discord server or Telegram are called crypto pump-and-dump groups.

cointelegraph.com

 

[mullokintyre]

What are crypto pump-and-dump groups? Are they legal?

Self-organized groups of people who promote unknown coins on the Discord server or Telegram are called crypto pump-and-dump groups.

cointelegraph.com

Of course they are legal.
They are called central banks.
Mick

 

[noirua]

It does seem as if Bitcoin must fall towards $10,000 just to find a very solid base where the number of bulls then outnumber the now circling bears.​

https://uk.advfn.com/p.php?pid=staticchart&s=COIN^BTCUSD&p=0&t=16 - live chart​

 

[noirua]

October 2021 - 2021 -

Michael Burry of ‘The Big Short’ asked about shorting crypto days before bitcoin hit $60,000

"The Big Short" investor Michael Burry inquired about ways to bet against bitcoin just before the world's largest cryptocurrency hit a six-month high.

www.cnbc.com

 

[noirua]

Retail Trading Giant Robinhood Launches Crypto Wallet - The Daily Hodl

Retail trading giant Robinhood is rolling out its digital wallet to over 1 million waitlisted users after initially releasing the beta version to just 10,000 customers last September.

dailyhodl.com

 

[mullokintyre]

Retail Trading Giant Robinhood Launches Crypto Wallet - The Daily Hodl

Retail trading giant Robinhood is rolling out its digital wallet to over 1 million waitlisted users after initially releasing the beta version to just 10,000 customers last September.

dailyhodl.com

Robinhood, what a misnomer.
Instead of "Rob from the rich and give to the Poor", their motto is "Rob from anybody and keep it".
mick

 

[noirua]

Crypto mining firms Hut 8 and US Bitcoin plan merger

The merger, which will create the company 'New Hut', is still subject to court and regulatory approval by U.S. and Canadian...

uk.advfn.com

 

[waterbottle]

Another one bites the dust

Silvergate Capital will liquidate after crypto collapse wipes out bank

Silvergate said late Wednesday it would wind down operations after a run on the bank caused by crypto outflows led to mounting losses for the firm.

finance.yahoo.com

Shocks in the wider financial system or just colateral from FTX?

 

[noirua]

Aussie crypto exchange hints interest in Hong Kong base

Australian crypto exchange Independent Reserve is mulling an office in Hong Kong after the city proposed a licensing regime making it easier for crypto firms to provide services in the region.

cointelegraph.com

“Right now it is looking very interesting [...] The recent announcement by the regulators in Hong Kong does make Hong Kong look like a friendly jurisdiction.”

 

[IvoryWolf]

For all of the crypto traders, you may find this 'bounce' in today's markets of interest, as support is tested. Check out the one minute 'YouTube short' that I released earlier this morning just after the 11am hour where Ethereum closed at EXACTLY the 2083 support level and appears to be bouncing off this support level.



For further details about the current support and resistance levels for both Ethereum and Bitcoin, be sure to check out the details in the weekly video (discussion timestamped in the description box below the video).

 

[noirua]

https://x.com/MarathonDH/status/1544433484835553280?s=20

 

[noirua]

Crypto: Ethereum’s Dencun Update Goes Live, Quantum Blockchain’s ‘Method C’ Revolutionizes Mining, and Latest News

Ethereum launches Dencun upgrade to reduce layer 2 transaction costs Ethereum (COIN:ETHUSD) introduced the Dencun upgrade on Wednesday, which implements mechanisms to lower transaction costs on layer 2 solutions that bundle multiple transactions for the main network. This change has already...

ih.advfn.com

 

[noirua]

Bitcoin Miners Struggle to Maintain Operations Ahead of the Halving

As Bitcoin's halving approaches, reducing mining rewards, miners face heightened challenges with dropping hashprices and surging competition.

beincrypto.com

April 8, 2024 - In approximately 10 days, the Bitcoin community will witness a significant event, i.e., the Bitcoin halving. This phenomenon will halve the reward for mining a Bitcoin block from 6.25 to 3.125 Bitcoins, putting pressure on miners’ profitability.

 

[noirua]

Scammers exploit Google platform to promote phishing site

Google appears to be promoting a malicious crypto website that directs users to a phishing website clone that drains users’ crypto through Google Ads.

cointelegraph.com

 

[noirua]

Finland's households turn to Bitcoin mining to heat homes

A new project in Finland is turning energy from mining Bitcoin into energy to heat homes during the cold Finnish winter.

cointelegraph.com

A local partner of Hashlabs has already integrated two Bitcoin mines with district heating facilities and is currently integrating a third one, Mellerud said.

In the project, Hashlabs specifically utilizes the hot water generated from WhatsMiner M63S mining, which reaches a temperature of 70 degrees Celsius. “The best provider of reliable, high-temperature water for district heating is Bitcoin mining,” the Hashlabs founder stated.

 

[noirua]

Australia joins 1,000+ Bitcoin ATM club alongside US, Canada

Australia was a dormant market for crypto ATMs. However, its adoption has picked up exponentially since the end of 2022, owing to participation from private firms.

cointelegraph.com

At the current installation rate, Australia is well-positioned to surpass Europe, which has 4.3% (1,617 machines) of all active Bitcoin ATMs.

Other countries with significant crypto ATMs include Spain (261 machines), El Salvador (215), Poland (211), Germany (194) and Hong Kong (157).