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post #11671 of 22495
Quote:
Originally Posted by MunneY View Post

Quote:
Originally Posted by jagz View Post

What would be the best play at that price point in terms of khs? I'm also looking at Asus 270, Sapphire 270x (backorder), & MSI TFII 270x (backorder)

The MSI's are available at Microcenter

270s give you the best kh for the dollar atm.

Quote:
Originally Posted by blkdoutgsxr View Post

Quote:
Originally Posted by jagz View Post

What would be the best play at that price point in terms of khs? I'm also looking at Asus 270, Sapphire 270x (backorder), & MSI TFII 270x (backorder)

The MSI's are available at Microcenter

MSI 270(non x) have consistantly given me 450khash. One of the fans went out on the card 30 days into use, but they are faster then the other cards I have used. I am receiving several different other cards, I may be able to weigh in more by this weekend; Currently all I have are Gigabyte and MSI
Wait 450khash is decent!
For that price it sounds amazing, too good to be true to some extent...
Quote:
Originally Posted by Jeffinslaw View Post

Quote:
Originally Posted by Cha0s_Cha0 View Post

Just noticed Kittehcoin on coinwarz. Didn't know about that one until just now and it seems like it just launched and it's past block 120,000? Do people really mine scam coins like that?lachen.gif

Coinwarz doesn't list coins right away, they take a little bit to add them.

It had been launched a while ago, but had a relaunch on the 27th or a bit later.
The only exchange i know is coinedup which is slow as heck so i cant trade :/
 
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post #11672 of 22495
Quote:
Originally Posted by oomalikoo View Post

is there real talk of dogecoin doubling?

I don't know if it will happen, and I know there's been plenty of talk about how BTER is horrible (although I've had nothing but a wonderful experience with it - better than BTCe, and much better than MtGOX). That being said just using an exchange as a wallet is horrible - even if it's the NYSE.. smile.gif

All I know about DOGE and BTER is that someone is confident as all hell on there:


Yes I realize that's not just ONE person... but I would venture a guess that at least 190BTC of it is a single person because that amount has jumped simultaneously from having a buy at 155 yesterday to now being at 160... I would guess it will jump to 165 later on and so forth. In other words, someone is making a ~$200K bet that DOGE has serious legs and will appreciate significantly from either the block halving or opening of dogeroad or ??? I don't know if they're right or not, but I'm glad I bought back in in the 140s and 150s since this seems like it could bode very well for the coin. thumb.gif
post #11673 of 22495
So I was right in my gamble to mine lots of Doges!? tongue.gif

Holy [censor] at least 7/8 of the subtleties of mining crypto currencies escape me, I'm not going to lie.

I hope doge does well indeed.
post #11674 of 22495
Quote:
Originally Posted by korruptedkaos View Post

makes no sense!

if I had 2% gains every day of the month plus 18% more a few days here & there? who is making more rolleyes.gif

sorry dude but your methodology is whack tongue.gif

just stick to your Doge lol, ill be right back there with you when it makes sense to?

just because a block halvings coming up doesn't mean anything really, I still have a week before that happens so I still have time to jump back on it!

just because you have more doge because you have mined more of it doesn't add up in the long run aswell, how often does a coin seen a big 20% pump rolleyes.gif

I cant be bothered debating with you about it!

you have your methodology & I have mine wink.gif

He was quoting me (sort of) and you misunderstand. The point is not that if you can make 20% along with consistent returns of 2% per day you wouldn't be better off - however, speaking as someone who's traded for years (in stock/bond markets) and more recently in currency (FOREX as well as cryptos) - very few situations allow you the resources to chase both simultaneously.

Regardless of whether you're talking about dollars or hashrate - you have X amount to invest in anything. If you put 100% of that against whatever is the 'coin of the day' or the 'newest IPO' you will occasionally hit one of those 20-30% rises... on the other hand you will also miss out on the consistent gains somewhere else. When something else experiences gains you will be late to that investment and will not be able to realize the same gains. It's essentially the same concept as dollar averaged acquisition - if you want to invest $250K in stocks... rather than attempting to time your market entry for a dip (unless you are a wizard with technicals, fundamentals, and a little bit of a psychic as well) it's far better to invest $5K per day over 50 days in those tickers... as some days you'll pay a higher price but others you'll pay a lower one.

Timing market entry in anything is more luck than logic - therefore throwing everything you have at a single stock or crypto coin because you believe it will soar (or because it's currently doing that) will necessitate missing out on the incremental (or even significant one-time surges) in every other stock/coin.

As you said - you have your methodology... so continue working with it. An important thing to keep in mind however, is that anything that can get you 20-30% gains in a day - can also lose you 20-30% in a day. Diversification allows you to catch nearly every big jump (albeit with a lower overall return in that single area), while also allowing insurance/buffer against big drops as well.
Edited by DiGiCiDAL - 2/5/14 at 10:48pm
post #11675 of 22495
Quote:
Originally Posted by DiGiCiDAL View Post

He was quoting me (sort of) and you misunderstand. The point is not that if you can make 20% along with consistent returns of 2% per day you wouldn't be better off - however, speaking as someone who's traded for years (in stock/bond markets) and more recently in currency (FOREX as well as cryptos) - very few situations allow you the resources to chase both simultaneously.

Regardless of whether you're talking about dollars or hashrate - you have X amount to invest in anything. If you put 100% of that against whatever is the 'coin of the day' or the 'newest IPO' you will occasionally hit one of those 20-30% rises... on the other hand you will also miss out on the consistent gains somewhere else. When something else experiences gains you will be late to that investment and will not be able to realize the same gains. It's essentially the same concept as dollar averaged acquisition - if you want to invest $250K in stocks... rather than attempting to time your market entry for a dip (unless you are a wizard with technicals, fundamentals, and a little bit of a psychic as well) it's far better to invest $5K per day over 50 days in those tickers... as some days you'll pay a higher price but others you'll pay a lower one.

Timing market entry in anything is more luck than logic - therefore throwing everything you have at a single stock or crypto coin because you believe it will soar (or because it's currently doing that) will necessitate missing out on the incremental (or even significant one-time surges) in every other stock/coin.

As you said - you have your methodology... so continue working with it. An important thing to keep in mind however, is that anything that can get you 20-30% gains in a day - can also lose you 20-30% in a day. Diversification allows you to catch nearly every big jump (albeit with a lower overall return in that single area), while also allowing insurance/buffer against big drops as well.

I understand where your coming from, I really do!

im sure you have more experience in trading too, I have made some trading & lost a bit too? ive never lost more than i have made though!

however i have not mined any coin that has netted me a loss against the most profitable? doge!
i'll only mine a coin if im already ahead with what i have earnt extra on that previous one i was mining?
therefore there is no loss at all really!
I think Doge is going to go up aswell & i am doing 1 more day on UTC & i will see where it lands on cryptotrade?
then depending on how it plays it out i will go back to doge ready for the block halving, i would not have made a loss & with all the extra profit from pot & utc on freshmarket im using a small percentage on this gamble.
I hold a few coins tbh but i stay away from the btc walls of time rolleyes.gif, that's why im holding LOT on coinex & WDC on Cryptsy?
I really don't get your reasoning or the point your trying to make, you have been mining NUTS haven't you?
I just think that some of us do not like or warm to particular coins? yours being UTC & mine being NUTS etc.

id say that both of us are not making bad choices, just going in different directions

thumb.gif
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post #11676 of 22495
Up .5 BTC today, good pumps with awesome placement of walls.
post #11677 of 22495
Quote:
Originally Posted by ALUCARDVPR View Post

Up .5 BTC today, good pumps with awesome placement of walls.

are you talking about DOGE? thinking.gif
post #11678 of 22495
Quote:
Originally Posted by arcade9 View Post

are you talking about DOGE? thinking.gif

DOGE was certainly part of it, but I rode some good pumps on other coins as well wink.gif

So whale, much move, many profit
post #11679 of 22495
Quote:
Originally Posted by korruptedkaos View Post

I understand where your coming from, I really do!

im sure you have more experience in trading too, I have made some trading & lost a bit too? ive never lost more than i have made though!

however i have not mined any coin that has netted me a loss against the most profitable? doge!
i'll only mine a coin if im already ahead with what i have earnt extra on that previous one i was mining?
therefore there is no loss at all really!
I think Doge is going to go up aswell & i am doing 1 more day on UTC & i will see where it lands on cryptotrade?
then depending on how it plays it out i will go back to doge ready for the block halving, i would not have made a loss & with all the extra profit from pot & utc on freshmarket im using a small percentage on this gamble.
I hold a few coins tbh but i stay away from the btc walls of time rolleyes.gif, that's why im holding LOT on coinex & WDC on Cryptsy?
I really don't get your reasoning or the point your trying to make, you have been mining NUTS haven't you?
I just think that some of us do not like or warm to particular coins? yours being UTC & mine being NUTS etc.

id say that both of us are not making bad choices, just going in different directions

thumb.gif

Oh I'm sure you've made more than you've lost - at the present time it's nearly impossible not to realize gains... the question is whether or not you're realizing the greatest amount of gains.

And yes you're correct that I'm mining NUT (which I also believe to be a garbage coin - perhaps we should call them "CRAPTO COINS" wink.gif ). I'm also actually mining UTC - but I haven't changed my opinions of it either. At any one time I'm dividing my hashrate across 4-8 cryptos for accumulation - dumping a few and holding the remainder for a longer period.

My comments were mostly directed at trading cryptos on the exchanges... if you believe in DOGE long-term it's still more likely for you to realize gains by acquiring over time using dollar-cost-averaging (or more applicably BTC-cost-averaging) than by just going "all-in" on a single coin at a single time. In mining it more applies to not allocating all of your hashrate to a single coin at any one time in hopes that it is a huge pump at listing... unless you are not planning on holding any of it - in which case that strategy is fine.

That seems to be more of your methodology (which is perfectly fine over the short-term, and many investors do exactly the same with IPOs... holding each for only 6 weeks or so and then dumping them after the initial run up). As I said, if you're going to just mine and dump with the goal being only that you wind up with BTC or fiat... then either way will work... but you will still be mining for nothing some of the time - as not every new alt-coin actually jumps appreciably, and some dump so fast (i.e. when a premined sum is dumped at 0-hour on the listing) that by the time your sell order is processed you would have been better off shutting your miners off for the weekend. wink.gif

In any case, it's still a new frontier in many respects so we're all 'early' in comparison to much of the world. thumb.gif
post #11680 of 22495
Quote:
Originally Posted by DiGiCiDAL View Post

Oh I'm sure you've made more than you've lost - at the present time it's nearly impossible not to realize gains... the question is whether or not you're realizing the greatest amount of gains.

And yes you're correct that I'm mining NUT (which I also believe to be a garbage coin - perhaps we should call them "CRAPTO COINS" wink.gif ). I'm also actually mining UTC - but I haven't changed my opinions of it either. At any one time I'm dividing my hashrate across 4-8 cryptos for accumulation - dumping a few and holding the remainder for a longer period.

My comments were mostly directed at trading cryptos on the exchanges... if you believe in DOGE long-term it's still more likely for you to realize gains by acquiring over time using dollar-cost-averaging (or more applicably BTC-cost-averaging) than by just going "all-in" on a single coin at a single time. In mining it more applies to not allocating all of your hashrate to a single coin at any one time in hopes that it is a huge pump at listing... unless you are not planning on holding any of it - in which case that strategy is fine.

That seems to be more of your methodology (which is perfectly fine over the short-term, and many investors do exactly the same with IPOs... holding each for only 6 weeks or so and then dumping them after the initial run up). As I said, if you're going to just mine and dump with the goal being only that you wind up with BTC or fiat... then either way will work... but you will still be mining for nothing some of the time - as not every new alt-coin actually jumps appreciably, and some dump so fast (i.e. when a premined sum is dumped at 0-hour on the listing) that by the time your sell order is processed you would have been better off shutting your miners off for the weekend. wink.gif

In any case, it's still a new frontier in many respects so we're all 'early' in comparison to much of the world. thumb.gif

yep I do just mine & dump 95% of whatever I make into BTC tbh.

I take very small risks in trading. but are not based on fast trading! I buy real low & just set some sell orders & wait, they usually happen every week or so?. fast trading gets you sucked in to the highs & lows to much I think, I get too giddy really when doing it wink.gif

wouldn't putting your hashrate across many different alts just give a less share % of the most profitable though?

I don't know how much MH you have? but I only use 4MH or 4.6MH & sometimes I do put 2MH on different alts, mainly because charts & estimates cant be trusted at all
I like to compare them myself!

when I get enough MH to earn enough BTC to risk trading more I will!
for now though its just simply using it to get more hardware & build up a decent mass of BTC to sit on?
while as I go selling for fiat & buying more hardware! which is either already paid for or at minimal cost!
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