Bitcoin price suddenly surges to 3-year high

[kayjay010101]

Do yourself a favour and just don't use Nicehash as their fees are pretty high.. Tried moving some I had mined and they will take half what I made which isn't masses at all but wow... Set up a different miner, you'll thank yourself later

Withdraw to Coinbase, then to paypal. Zero fees for withdrawal. Apart from that there's the miniscule payment fee which is 2%. Don't see how you could get a 50% fee, that's not normal. The 2% fee is certainly worth it for being able to monitor easily on the web and for literally being like 4 clicks to setup.

PhoenixMiner 6.2c - AMD+NVIDIA GPU Miner [2022]

Miners developer

phoenixminer.org

someone recommended this to me awhile ago, not sure if its legit or not. I have not yet tried mining anything, but I am getting tempted.

Phoenixminer is used in Nicehash, so it's legit
It's quite good but Excavator works better on my 3070. Think that's a Nicehash-only miner though

 

[phill]

Withdraw to Coinbase, then to paypal. Zero fees for withdrawal. Apart from that there's the miniscule payment fee which is 2%. Don't see how you could get a 50% fee, that's not normal. The 2% fee is certainly worth it for being able to monitor easily on the web and for literally being like 4 clicks to setup.

Phoenixminer is used in Nicehash, so it's legit
It's quite good but Excavator works better on my 3070. Think that's a Nicehash-only miner though

If you look on Nicehash's site for the fees etc. it was a set fee, if I recall, 0.1% and then 0.016227 (whatever it was) network fee after it which I think I might have mined about double what the fee was... So something like 0.03 Eth after a transfer from Bitcoin to Eth... Hopefully I can transfer it out with less of a network fee at some point... Either way, the $40 or so I might have mined, is worth $20... lol If I had mined $400, it might be slightly different but with only a few low hashrate cards chugging along, it's not going to make me rich over night

 

[trog100]

Bitcoin is on the roll again... 38K now and still going up.. having decided that 30k was the real bottom the whales are buying back in.. whoosh..

this a a game.. pick a nice high point and bulk sell... scare the faint hearted into selling.. wait till it wont go any lower and buy back in..

the general trend is up and bitoin is moving into fewer and fewer hands.. the whales are scooping it all up..

guys like lynx & co are just helping them.. he he

trog

ps.. read my 38K as 37K i was being a bit overly optimistic.. he he..

 

[kayjay010101]

If you look on Nicehash's site for the fees etc. it was a set fee, if I recall, 0.1% and then 0.016227 (whatever it was) network fee after it which I think I might have mined about double what the fee was... So something like 0.03 Eth after a transfer from Bitcoin to Eth... Hopefully I can transfer it out with less of a network fee at some point... Either way, the $40 or so I might have mined, is worth $20... lol If I had mined $400, it might be slightly different but with only a few low hashrate cards chugging along, it's not going to make me rich over night

Oh, you exchanged from btc to eth? That might be why then. I just withdraw to coinbase and do all my stuff there, fee's like 2.99 EUR per crypto->fiat transaction (1.49 EUR for crypto to crypto IIRC) above 50 EUR so at worst you lose ~5%.

But yeah, if it's not too much then I can get why you don't want to bother with it ofc

 

[hat]

@sepheronx I've been mining on my two 1070s for 4 years or more, no signs of trouble. 80% power target and cruising...

 

[sepheronx]

Ok, I'm sold. Guide me brothers on what to do.

 

[Space Lynx]

Ok, I'm sold. Guide me brothers on what to do.

almost every app including robinhood forced stopped all crypto trades today, and BTC went back down to 33k. lol im glad i didnt bother with it, its all nonsense. and yellen and the IMF chief will make quick work of it with heavy taxes on exchanges and businesses, good luck buying anything with it for a profit 6-12 months from now.

 

[sepheronx]

almost every app including robinhood forced stopped all crypto trades today, and BTC went back down to 33k. lol im glad i didnt bother with it, its all nonsense.

Interesting times that's for sure. This Robinhood already is working for a band of thieves but not in the benefit of the poor.

 

[hat]

I've only heard about Robinhood recently. Their name came up along with the news about whatever the fuck is going on with Gamestop's stocks. The app conveniently broke when it was time to sell.

Ok, I'm sold. Guide me brothers on what to do.

I use Nicehash. When you sign up with Nicehash, you should automatically have a wallet with them. Nicehash will automatically switch algorithms based on whatever is most profitable at the moment, so you could be mining ETH today, and Zcash tomorrow... but regardless what you mine, you're getting paid in BTC.

The next step is to set up a Coinbase account. Here, you'll be able to connect some things, like a bank account, or possibly even a Paypal account. Every once in a while, I log in to my Nicehash account and send my BTC over to Coinbase, where it stays. For a while I was pointing Nicehash directly to my Coinbase account, but I was having issues receiving payments. No issues mining into my Nicehash wallet and sending it manually, though. I can sell my BTC for dollars at Coinbase, and then send that to my bank account.

 

[ZenZimZaliben]

I must love volatile markets because I am in on the GME ride, luckily don't use Robin Hood. Honestly crypto activity is lowish lately except for doge and I have no interest in it. But the stock market has been a blast lately. If you haven't been watching the market manipulation by multibillion dollar hedge funds have moved the market more than any whale has ever moved crypto and that is supposed to be a "regulated market" unlike crypto which has honestly been more stable than many stocks of late.

 

[lexluthermiester]

bitcoin also shot up by 17% last night.. 31K to 36K..

i know it wont stay up there but my nicehash miners are currently showing $30 dollars a day..

trog

No, NOOO! Crash dammit and then stay dead!! (not you personally, just cryptocoin..)

 

[sepheronx]

I've only heard about Robinhood recently. Their name came up along with the news about whatever the fuck is going on with Gamestop's stocks. The app conveniently broke when it was time to sell.



I use Nicehash. When you sign up with Nicehash, you should automatically have a wallet with them. Nicehash will automatically switch algorithms based on whatever is most profitable at the moment, so you could be mining ETH today, and Zcash tomorrow... but regardless what you mine, you're getting paid in BTC.

The next step is to set up a Coinbase account. Here, you'll be able to connect some things, like a bank account, or possibly even a Paypal account. Every once in a while, I log in to my Nicehash account and send my BTC over to Coinbase, where it stays. For a while I was pointing Nicehash directly to my Coinbase account, but I was having issues receiving payments. No issues mining into my Nicehash wallet and sending it manually, though. I can sell my BTC for dollars at Coinbase, and then send that to my bank account.

Does Nicehash do just bitcoin or Ethereum?

 

[trog100]

nicehash mines whatever is most profitable and then converts it to bitcoin.. it used to change a bit but now its pretty much always etherium being mined..

i have 1 x 2080ti and 8 x 1070 machines mining nicehash.. they are currently producing between 20 and 25 dollars per day.. roughly 260 mh/s between the two machines.. the 2080ti machine is my daily use machine.. its mining in the background 24/7 and i dont even know its doing it.. its currently showing 5 dollars per day..

i hodle i dont convert anything to cash..

trog

ps.. i recently bought a scalpers 3080.. its still in its box.. i havnt got around to installing it yet.. it would produce $8 dollars per day.. or 250 dollars per month.. you can see why these things are fetching the prices they are..

 

[sepheronx]

So I will be setting up the mining Rig Tomorrow. Hopefully have it up and running by bed time.

So what I need is:
- Wallet (coinbase?)
- Phoenix
- Pool to join.

So I take it Nicehash is the pool, correct?

 

[phill]

Go to a different pool but I couldn't stick with Nicehash, they just take far too much.. Try Ethermine.org

 

[kayjay010101]

So I will be setting up the mining Rig Tomorrow. Hopefully have it up and running by bed time.

So what I need is:
- Wallet (coinbase?)
- Phoenix
- Pool to join.

So I take it Nicehash is the pool, correct?

Is it going to run Windows? Then just use their app and it'll autoswitch miners and you won't have to bother with setting up pools and all that (also, no need to download PhoenixMiner, Nicehash will handle that for you). If not, I recommend using HiveOS and using Nicehash as the wallet.
So what you need (for Windows) is:
- Nicehash application
- preferably a way to 'cash out'; coinbase or binance are good. Personally I go Nicehash -> Coinbase (free) -> SEPA transfer (free, takes 2-3 days) or instant card withdrawal (upto 2% fee, minimum 0.55 EUR, money on my account within an hour)

Go to a different pool but I couldn't stick with Nicehash, they just take far too much.. Try Ethermine.org

2% really isn't that much for the convinience especially considering the lack of dev fees, free coinbase withdrawals, etc....

 

[phill]

Is it going to run Windows? Then just use their app and it'll autoswitch miners and you won't have to bother with setting up pools and all that (also, no need to download PhoenixMiner, Nicehash will handle that for you). If not, I recommend using HiveOS and using Nicehash as the wallet.
So what you need (for Windows) is:
- Nicehash application
- preferably a way to 'cash out'; coinbase or binance are good. Personally I go Nicehash -> Coinbase (free) -> SEPA transfer (free, takes 2-3 days) or instant card withdrawal (upto 2% fee, minimum 0.55 EUR, money on my account within an hour)

2% really isn't that much for the convinience especially considering the lack of dev fees, free coinbase withdrawals, etc....

Depends if you want to make 2% more than you could or if your ok with someone else taking your profits But depending on the hash rate, it might be quite a bit of what your making....

 

[kayjay010101]

Anyone paid attention to XRP? What a mess... A bunch of redditors thought they were going to do GME #2 and lost all their money. They had scheduled a pump at 8:30 EST and just 30 minutes prior it hit a peak of $0.73, then when everybody bought in at the top (to raise the price further) around 8:30 it crashed LOL. It's now at $0.43 and freefalling

 

[phill]

I hear there's a bit of a court case going on with that at the moment... If they win it, I would wonder if that would pump the price up as it was... Would love to get rid of the coin we have in that... Can't remember a thing about how much we paid for them tho lol

 

[kayjay010101]

I hear there's a bit of a court case going on with that at the moment... If they win it, I would wonder if that would pump the price up as it was... Would love to get rid of the coin we have in that... Can't remember a thing about how much we paid for them tho lol

I think the idea was to pump it up right before the court case and have it shoot high on top of the inflated price, but now those dreams seem to be over
Although it is now seemingly recovering a bit. It'll be interesting to watch

 

[phill]

I'll have a check on the price when I get some signal on the mobile lol Perfect time for a walk at work

 

[Vya Domus]

Anyone paid attention to XRP? What a mess... A bunch of redditors thought they were going to do GME #2 and lost all their money. They had scheduled a pump at 8:30 EST and just 30 minutes prior it hit a peak of $0.73, then when everybody bought in at the top (to raise the price further) around 8:30 it crashed LOL. It's now at $0.43 and freefalling

You're always going to lose your money on alt coins, same happens on bitcoin but at least it seems you get more chances to cash out before crashes occur.

 

[ZenZimZaliben]

Anyone paid attention to XRP? What a mess... A bunch of redditors thought they were going to do GME #2 and lost all their money. They had scheduled a pump at 8:30 EST and just 30 minutes prior it hit a peak of $0.73, then when everybody bought in at the top (to raise the price further) around 8:30 it crashed LOL. It's now at $0.43 and freefalling

Doge also did this. FOMO. I won't buy shit-alt cons. Worse yet they are trying to shoot these up but don't even realize they are tokens, not coins that are mined. So supply can be increased by just pulling a lever.

 

[trog100]

meanwhile i just keep hodling along.. he he

trog

 

[Space Lynx]

meanwhile i just keep hodling along.. he he

trog

must admit, I am surprised Bitcoin hasn't rallied to 40k yet, especially with Elon's tweet on Friday. usually when Elon tweets the stock or value of anything he tweets about goes up, it hasn't really changed much though since Friday. i could care less either way. but yeah just found that interesting, Elon not as king as he thinks I guess.