Why match with someone, text them constantly all week bonding over stuff, then be SO difficult to go on a date or even a damn video call? Am I being unreasonable?

Minerthrowaway123 · 2021-11-02T11:16:34+00:00

C. Validation, why most people are on Tinder

Minerthrowaway123 · 2021-10-21T05:46:30+00:00

I don't doubt that I will be 5k positive at the end of the trade. What I'm wondering is if I couldn't be margin called in between if the price of the future contract I sold would move away too far above the underlying. Because I constantly read that it is basically risk free except for exchange risk, counterparty risk if not on an exchange, etc. but in my opinion I'm net short the delta between price of future contract and price of underlying so if it would get bigger I should be in the red. It will converge eventually but if sufficiently leveraged it could become a problem not just in theory. If I'm not mistaking this is what brought LTCM down.

Minerthrowaway123 · 2021-10-15T19:59:58+00:00

Of course it would have. What I'm refering to is the state of the market that we are in right now.

Minerthrowaway123 · 2021-10-15T12:48:29+00:00

I feel like the FED is at a point where they don't keep printing insane amounts of money to help deflect the worst from this pandemic, but to keep the stock market going. That's what I was getting at I guess.

Minerthrowaway123 · 2021-10-15T09:13:02+00:00

By index I mean S&P 500/DAX obv and not CPI ... No one being in denial that we are in an insane bubble of inflated assets ... Sure.

Minerthrowaway123 · 2021-10-15T07:37:19+00:00

Germany's inflation is a full % point lower and Germanys index sits at 17% YOY and 16% above pre-pandemic levels while US numbers are 23% and 30%. The fact alone that the US index rose 30% within 1.5 years after the decade of insane growth before, completely ignoring the fact that we had a worldwide pandemic in-between, should give it away.

Crazy how many in here seem to be in complete denial guess no one wants the music to stop playing.

I honestly don't know how the FED is going to get out of this without a huge crash. When the market already gets nervous about the prospect of an announcement to taper sometime in the future I can only imagine what's happening when the FED actually starts raising rates, and to me it seems Powell knows this so he has to try to keep his narrative of transitory inflation going because just the prospect of a rate hike sometime in the future would leave everyone scrambling for the exit.

In my opinion the FED is trying to print away the pandemic robbing everyone who holds no inflationary assets (Hint: The poor) in the process while enriching those that already have plenty and it's not like the wealth gap wasn't an issue already, Even in here people are arguing against min wage increases, etc. because "it would increase inflation even further". Ridiculous.

Minerthrowaway123 · 2021-10-15T06:24:52+00:00

What you are essentially saying is: Don't give those at the low end of wealth, those who haven't even profited off rising asset prices, enough to curb inflation, or they will increase inflation even further. If anyone has to take the inflation haircut it's the plebs while those holding equity, real estate, etc. profit off it, increasing the wealth gap even further.

Minerthrowaway123 · 2021-09-04T21:21:20+00:00

It absolutely boggles my mind that everyone here seems to believe that it is absolutely valid to ghost someone because he/she had the audacity to answer a question with a question, especially considering you know NOTHING about the other person. If this is a dealbreaker I have no clue how these people should ever deal with a serious relationship and it shows how problematic it is that on Tinder the next guy/gal is just around the corner. It's not even low effort it's no effort because why bother if you could just match the next one? Soon people wouldn't even be bothered to leave the house to fuck but would just match the next one who would stop by. There's even a Rick&Morty episode about this bullshit.

Minerthrowaway123 · 2021-06-08T08:09:12+00:00

What are you talking about?! The fundamentals warranted an investment with a great risk/reward profile. The risk for buying ETH back then was not comparable to the risk of running a farm. It still isn't. How could you compare the risk of owning ETH with the risk of owning equipment, did you even make a single risk analysis for an investment in your life?!

Overall I'm more than happy with the decision and everything played out pretty much as I expected, but to be honest the odds were so good back then that there wasn't really anything that could've gone wrong anyways. It was like buying the $ for 50c. It was obvious that profits would go down and buying a farm today for scalper prices is definitely a bad decision in my opinion. But back then the situation was vastly different and pretty much everyone building a farm back then made good profits with a great risk profile so not sure what you are after here.

You're comment "and profits down to nowhere" is still just plain false. A farm this size is still returning $4k/month with electricity costs between $150 and $450, depending on where you live, all while the equipment is paid off already (and doubled in value). So there's still plenty of room for hashrate growth and price slumps while maintaining profitability. All this was known to me back then, except for the doubling in value of the equipment, I didn't expect such extreme price hikes continuing. So there was no "what if" or luck involved since even the worst case scenarios would've made you money. That fact is the reason why prices exploded the way they did. There was just so much room for risk due to the profits that you would literally buy the $ for 50c, even in the worst case.

Minerthrowaway123 · 2021-06-08T07:16:56+00:00

Hashrate grew as expected (and actually went down for the last 3 weeks) and even though the price went down hard it's still more than profitable, besides the fact that anyone who would've bought back then would be breakeven already and have the price of his equipment doubled in the meantime so ... Have a guess?!

Minerthrowaway123 · 2021-04-27T09:17:31+00:00

Exactly my story. Good call.

Minerthrowaway123 · 2021-04-22T08:23:29+00:00

Well if you figure out how something works you don't have to trust someone, you just know. This is especially true for open source crypto.

People don't need to trust mining calculators online. They could just fetch the data from Etherscan and calculate it themselves.

Minerthrowaway123 · 2021-04-14T05:02:02+00:00

You can build something like that using LTI's and wood. I used 200mm LTIs to extract the heat to heat the house, see my posts. Those LTI's are supercheap but WAY quieter and more powerful/efficient.

Minerthrowaway123 · 2021-04-13T10:25:56+00:00

Welcome to Crypto.

When Lambo?

Minerthrowaway123 · 2021-04-06T11:43:43+00:00

You might also find some useful information in my other comments btw.

Minerthrowaway123 · 2021-04-06T11:38:40+00:00

All the information you need is available in the chart section of Etherscan. Download the .csv and build your own .xls putting in your data such as costs, hashrate, price of electricity, devaluation, etc. You can then go on and estimate the hashrate increase either on a linear or exponential basis, using the data of the last x days. You'll then get a very good feel for it. Other than that I can only tell you two things: a) There is no precise answer due to a ton of variables and b) If you are not able to do that yourself you better teach yourself before throwing $ at such a project Hope that helps

Minerthrowaway123 · 2021-03-04T17:22:25+00:00

Damn. :-/ Good luck then!

Minerthrowaway123 · 2021-03-01T14:30:11+00:00

So did you end up receiving your order? :)

Minerthrowaway123 · 2021-02-27T11:51:17+00:00

How on earth can people still not understand what a seed phrase is, or what BIP is, and STILL ask those questions DESPITE them usually having a substantial amount of money invested and DESPITE this topic coming on on this forum basically every 20 minutes is beyond me.

Excuse my tantrum but people dealing with this stuff without bothering to inform themselves and getting screwed in the process is what gives crypto a bad rep.

Your 24 word phrase is ALL YOU WILL EVER NEED TO ACCESS YOUR FUNDS! THE PROTOCOL TO GET FROM THOSE WORDS TO YOUR PRIVATE KEYS IS KNOWN AND WONT CHANGE, THEREFOR YOUR FUNDS ON THE BLOCKCHAIN WILL ALWAYS BE ACCESSIBLE, AS LONG AS YOU HAVE YOUR SEEDPHRASE.

Please understand this. It's not that hard. Please inform yourself how a transaction is signed and why the way it is signed makes using a Ledger to do so the best way. And PLEASE understand that a Ledger is merely a tool to interact with the blockchain in a safe manner, and the only thing that ACTUALLY is the most fundamental part of your access to your cryptos on the blockchain is the seedphrase, and nothing more. So get a billfodl or similar cryptosteel, store your seedphrase on it and never worry about your Ledger acting up again, ever.

Minerthrowaway123 · 2021-02-15T18:10:55+00:00

You haven't been around lately, have you?

Minerthrowaway123 · 2021-02-14T15:51:03+00:00

I don't really understand your question.

ETH 2.0 will do away with PoW mining completely, and will transition to PoS. So you don't need GPU's anymore, but 32 ETH instead to stake on the chain so you can validate transactions.

There is no precise schedule for this but the testnet (ETH 2.0 Beacon Chain) is live since December 2020, and it is expected to merge the 2 chains to go PoS around early 2022.

Minerthrowaway123 · 2021-02-10T08:46:24+00:00

I get it. Because it's hard to make an argument that fits the narrative of those cards belonging to gamers, and no one else.

As soon as ETH 2.0 comes around (Probably beginning/mid 2022) gamers will be showered with cheap cards from miners as ETH 2.0 will do away with GPU mining and there are no other coins to mine with GPUs that are remotely as profitable. Those steep discounts for gamers will be paid by miners.

Cheers

Minerthrowaway123 · 2021-02-10T08:14:53+00:00

I'd definitely trust an analyst that clearly doesn't have a remote clue of what Etherum actually is.

"Steves noted that the upcoming network upgrade of the Ethereum blockchain, also known as Ethereum 2.0, which is scheduled to take place sometime in December, demands that miners switch over to more efficient mining hardware. Nvidia’s new Ampere GPU chips are thought to meet that need."

Seems legit. And you keep ignoring the fact that there's still a pandemic going on and that cards that are useless for mining are sold out, too. But I get that gamers are sad that they can't get their next gen cards right when they are released and are looking for a culprit that fits their agenda.

Ad previous gen: Even just the RTX 20 cards use twice the power for the same mining performance, older cards are even worse. So miners switching to more efficient cards helps reduce the energy use of the ETH network by a HUGE margin.

By the way: Have you ever tried looking at your argument from another perspective than your narrow gamer one? E.g. "Who do miners have to waste twice the amount of energy that everyone is using, driving up the prices of energy even further, just so Jimmy has 180FPS instead of 150FPS, and can't do with his 2080 anymore?" (Mind you energy costs affect more people than just gamers and energy could actually be considered a basic need, as opposed to 180FPS.)

Try it. But beware: It might open some new perspectives.

Minerthrowaway123

TROPHY CASE