Have not done numbers but it is down bigly.

I have sweetheart power deal that always makes money (as long as gear is working) My deal is free power and gives ½ the coins.

So I do better now the host does better in the summer.

He did so well he is installing the 280kwatt solar array. But we are an exception not the rule.

BTC was as high as 50 cents a th at peak about 50 bucks a day for a s19
ETH was as high as 20 cents an mh at peak about 20 bucks a day for a 3080 gpu
Ltc/doge was over 20 usd a gh at peak

all have dropped a lot

btc is around 17 cents a th a s19 burning  3400 watts is making  $17.68
eth is down to 3.4 cents an mh a nvidia 3080 burning 250 watts is making $3.40
ltc/doge is down to 5 usd a gh. that would be 2 L3+ bring 1600 watts


these rates are really bad and may mean true bear has started (or not)

That is a pretty big fall ETH in particular.

2 more questions.

Where do you think the breakeven for majority of miners is? And, if these price levels are maintained, do you think we are going to see a bunch of GPUs heading to ebay?

Nope. Its why I know I will cancel my 5700 or some coming in. I did cancel 2500 of it.
Its not on hand.

I do have. 9700 usd just arrived.

It does 400 mh or 15 a day. It burns 800 watts or 20 kwatts a day.

at 20 cent power that is 4 bucks .

So 15-4= 11 a day which is a profit even for a person with 20 cent power why dump?

Now I overpaid for these but my power cost is 2.60 in my garage. I net 12.40 a day

I would need 2 years to break even but the gear is three year warranty. So why sell?

What will happen is the 2600 price for a 3090 will get closer to 2200.

But eth profits are still much better per watt than btc gear.

It may be I return the 9700 in gear that is over priced I have 21 or 22 days to decide.

But I may keep it. My in house price is cheap and my farm deal is good.

If eth fades more like 1700 or 1600 maybe more good ebay prices.

There is no question the USD is being disabled via deficits.

We got off gold under prez nixon around 1971 and the next 51 budgets we are 5 black 46 red

last 20 budgets all red.

Yes, but being that the dollar is the reserve currency the USA must run deficits. It wouldn't work otherwise. The USA actually does export a lot, it is just dollars rather than goods.

Hopefully the bitcoin claims are paid back in bitcoin.

It would be irritating if those were paid back in the dollar equivalent.


That is the truth of the matter.

For some reason, there are some peeps out there who cannot appreciate an actual 50% sale in prices.. for however long it is going to last.. and sure.. it could go lower, but should at least consider getting some here... so let's say.. got some at 30% off, and got some more at 40% off, and now got some more at 50% off. 

How could those be problematic moves to get a little more at each of those price points?

Of course, there are some folks who consider that when we were buying at 10%, 15%, 20% or 25% off, we should have had already known that there were going to be 30%, 40% and 50% sales.. which surely is not even close to obvious that such sales were going to be coming... but since the sales are here.. some of us are recognizing the seeming extremeness of the sale.. and questioning for how long such a sale can last... been to similar places before.. do I have regrets buying at those earlier 10%, 15%, 20%, 25%, 30% and/or 40% sales prices now that I see 50% sales, and I assert that I do not feel bad about those earlier purchases.. that's how it works frequently when us mere mortals are not really knowing or trying to know about which way the BTC price is going in the short-term - even if it seems so abundantly clear to some folks in retrospect. 



How could any of us know?

Sounds like you are merely guessing.


Still question.  how do you know?


It's would be quite strange if someone like you actually were to make any money at all.  I recall you pumping BTC at the top, and then now you are back to pumping that shitcoin that also did not do very well the last time that you were here pumping it...   actually, I am just making something like a rhetorical question.. because really, I cannot even imagine any kind of answer that would be close to helpful, except just to confirm that doing the opposite of you might not be a bad move.

Oh gawd!!!!!  another one of those $10k proclamations... it's like the guys crying for sub $500 in early 2017... that ship has sailed.. you will be lucky to get lower $20ks... even in the worst of scenarios... but hey, what can I do regarding the imaginations of some of the peeps in these here parts?  just throw up my hands?

Are you going to 80x it, or go more conservative with a mere 8x play?

I remember the good ole days when d_eddie was talking quite a bit about how to play leveraging and margin trading but maybe he was not going beyond 1x?




Oh gawd... good luck with your selling in order to assuredly buy back lower.

In my years in bitcoin, I have seen several dumps in which such expectations of continued downity ended up stopping at an unexpected time, but hey, if you feel that you got it all figured out, who's going to stop you from taking a risk to get fewer coins..   

Never going to stop peeps from selling coins after a 40% or 50% correction and thinking that they know how to make some profits out of a bad situation.. which has good chances of making matters worse.. at least for those peeps making those kinds of selling plays in an attempt to buy back lower.

My seemingly boring plan would be to buy a little now, and if the price dips some more until Tuesday, then buy a bit more on Tuesday or even Monday... but hey what do I know besides having not fucked around with that kind of selling on the way down nonsense and feeling quite good about how I have put myself into a quite great position with around 35x profits, even as I type this post?


From where is that exchange supplies link?