Crypto

TheFair86 said:
PC probably cost me £4k all in, including 38 inch ultrawide monitor, mechanical keyboard, watercooling, 32gb ram, 10900k CPU and a load of other stuff, but I paid for it buying and selling tech stuff in the run up to Christmas so didn't really dent my bank balance.

Wont really impact my use of the card, its a top of the line EVGA FTW3 ultra, its running at about 50c core temp and 80C Vram temp. I use the PC daily, it wasnt built for mining, this is just something I am doing because I have it sat here idle when not gaming or working (It can be mining while I am working)

Cards have been used for mining for a long time and not really degraded their ability when sold on. GPU prices are through the roof, I could sell this card to CEX tomorrow for £1480 cash last I checked. This is why though - because people can make money by building an array with 20+ cards in, pay off the outlay in 2-4 months and then everything from there is profit. if crypto crashed and no longer became profitable you would still have a saleable asset

It doesnt make a racket because its not the GPU running at max, its the VRAM. my fans are at 30%. It definitely raises the temp of the room slightly, so in the heat of summer I'll maybe put it to 50% but my fans are all very low db noise ratings so it wont really impact it massively. All in all, its a nice little bonus seeing as the PC was all fully paid for, and now its earning a bit of passive income.

as for time for sorting it, you can be up and mining within 5 minutes, its literally register for a site, run an app and leave it going. mobile app will show you earnings or use web interface. no maintenance needed. already have the room in place as its my home office/gaming room;

jV9W8OV.jpg


(the wires are all hidden away now)

CCdijTm.jpg

Wont be to everyone's tastes, but there's about 25 different lights in the room as I also use it as a spin studio, and massively into synthwave so like to have my colours vibe with the music. I've been working from home for 5 years so find having a customised space really valuable.
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Porn must look and sound fantastic on that set up. Where do you keep your snorkel and pack of ham?
 
TheFair86 said:
PC probably cost me £4k all in, including 38 inch ultrawide monitor, mechanical keyboard, watercooling, 32gb ram, 10900k CPU and a load of other stuff, but I paid for it buying and selling tech stuff in the run up to Christmas so didn't really dent my bank balance.

Wont really impact my use of the card, its a top of the line EVGA FTW3 ultra, its running at about 50c core temp and 80C Vram temp. I use the PC daily, it wasnt built for mining, this is just something I am doing because I have it sat here idle when not gaming or working (It can be mining while I am working)

Cards have been used for mining for a long time and not really degraded their ability when sold on. GPU prices are through the roof, I could sell this card to CEX tomorrow for £1480 cash last I checked. This is why though - because people can make money by building an array with 20+ cards in, pay off the outlay in 2-4 months and then everything from there is profit. if crypto crashed and no longer became profitable you would still have a saleable asset

It doesnt make a racket because its not the GPU running at max, its the VRAM. my fans are at 30%. It definitely raises the temp of the room slightly, so in the heat of summer I'll maybe put it to 50% but my fans are all very low db noise ratings so it wont really impact it massively. All in all, its a nice little bonus seeing as the PC was all fully paid for, and now its earning a bit of passive income.

as for time for sorting it, you can be up and mining within 5 minutes, its literally register for a site, run an app and leave it going. mobile app will show you earnings or use web interface. no maintenance needed. already have the room in place as its my home office/gaming room;

jV9W8OV.jpg


(the wires are all hidden away now)

CCdijTm.jpg

Wont be to everyone's tastes, but there's about 25 different lights in the room as I also use it as a spin studio, and massively into synthwave so like to have my colours vibe with the music. I've been working from home for 5 years so find having a customised space really valuable.
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I spy a streamdeck, whats your twitch? :ROFLMAO:

Lovely set up that, I have a 3070 which has almost paid for itself through mining, I use minerstats for mine.

I need to get a better case for cooling, my gpu runs at 50c on 60% fans, I'd rather not have it running at 60% 24/7.
 
Chappy112 said:
I spy a streamdeck, whats your twitch? :ROFLMAO:

Lovely set up that, I have a 3070 which has almost paid for itself through mining, I use minerstats for mine.

I need to get a better case for cooling, my gpu runs at 50c on 60% fans, I'd rather not have it running at 60% 24/7.
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Well my case is terrible for cooling, as it’s fairly compact and glass fronted - but I replaced the nzxt fans with noctua ones and I think the EVGA thermal pads are really good at base performance, some people switch them out though and report good gains in temps

I do have a twitch but don’t stream a ton, I use the stream deck mostly to control the vast array of lights 😂 if you pm me your twitch I’ll add you 👌🏻
 
Crypto prices seem to have gone wild - some fortunes are being made.

I still haven't a clue how crypto can be valued and why there are so many versions.

Its said it is a form of digital gold, but we don't have tens of different versions of gold do we?
 
Gains said:
Good time to buy now. Not for the profits you mention but a steady increase after the crash yesterday is probably on the cards *
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"Steady" and "cryptocurrencies" don't normally appear in the same sentence.

Cryptocurrencies are just pure speculation. Anyone who claims to have an understanding of what goes on, or what will happen, is either a fantasist or a fool.

If you have a few thousand quid to throw at a massive risk gamble then it's fine. When you hear of people using second mortgages or equity release schemes to fund forays into cryptocurrencies, then it's all going to go horribly wrong.
 
I’ve been holding Cardano since it was about 23p, now it’s sitting around £1.55 per coin. Took some profit when hit all time high’s few months ago, but still holding plenty as i believe it has legs.

I’m holding a fair amount of SushiSwap and have been since it was 50p per coin, now it’s heading up to £10. It did hit £16 back in April though.

The rest I have are BTC, ETH and Polkadot.

The market is going to be pretty volatile until the end of the year I think, maybe into early next year, but I think overall we’re set for a decent run.

It can be a great investment if you understand the market and see it as a long game. If people want to dip in and make quick money, they could get lucky with some alt coin, but the reality is most get burned that way. The alt coins usually get bigger gains over a short period of time, but also can plummet just as quick. So unless it’s one that you think has a real infrastructure and has legs, then often it’s better to take the profit and put it back into something like BTC or ETH

For me, I see it as a long term thing. If you zoom out or any chart, you’ll find over the course of years, it’s only heading one way, obviously it has its dips, but I the market is in a better position than it was years ago, and I believe it’ll be in a better position in years to come, but nobody truly knows.

I’ve already taken back what I invested, now I’m only playing with profit. You have to understand it’s a gamble and at least take back your investment over time, when the high gains come in. Anything after that is a bonus. And obviously only invest what you can afford to lose.

Also learn to understand the charts and patterns, otherwise you end up chasing the high’s or falling for bear traps and panic selling instead of holding, that’s when you lose your money.
 
I understand its hard to create cryto out of thin air as its backed by Blockchain technology, unlike something like the dollar which is just produced at the push of a button by Government/State Banks.

But if Crypto is so solid I ask the question why is its price so volatile often increases 100% in say a few months and not dropping nearly as much in another 3 months.

It also does not seem safe, with quite a few people having it stolen from their digital wallets/digital accounts.

My advice for what its worth take out your initial investment if you are in profit, so then you are guaranteed to lose and speculate with the profits only.

edit - HG123 seemed to have sensibly done this.

Some tech investments are ten baggers in recent years i.e increased in value 1000% or more - I think Tesla is one. It feels safer to me to say invest in a tech trust/fund, although not safe.
 
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I have a PS4 and it doesn’t do mining. Am I missing out?

Ps I understand none of this thread but am impressed by those of you who do. Different level.
 
ThatFragranceGuy said:
How many tech firms become ten baggers vs going broke though
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Not many funds/trusts have failed in the last 10 years if any. Odd shares yes.

I think buying Google and Amazon and possibly Microsoft, Apple and Facebook or a fund/trust with them in, will do well in the future and more more humans and organisations turn into digital addicts. Even if we don't want to were are forced to.

Polar Capital 250p to 2500p in the last 10 years - btw not owned by me.
 
And rhey
Soutra said:
"Steady" and "cryptocurrencies" don't normally appear in the same sentence.

Cryptocurrencies are just pure speculation. Anyone who claims to have an understanding of what goes on, or what will happen, is either a fantasist or a fool.

If you have a few thousand quid to throw at a massive risk gamble then it's fine. When you hear of people using second mortgages or equity release schemes to fund forays into cryptocurrencies, then it's all going to go horribly wrong.
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And they’ll be mortgage fraudsters, as mortgage providers don’t provide funds for investing
 
You are just about to go to bed when your phone tinkles in a certain way - to tell you your crypto has done something different. Best take a look eh?

Yikes - log in to exchanges to check prices and try to set up a sale in double quick time even if this is wrong but it has mooned but not to that extent...but no, still only worth £1.69 a pop.

As you were...

HOWMUCH.jpg
 
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