Ergonauts Talking About Life

This is a thread for Ergonauts to catch up with each other. Any topic is accepted including Ergonaut drama (cough COMET), the cryptosphere, personal life, mining, etc.

I want a place for like-minded people to have friendly (or not-so-friendly) chats.

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@Grayman How have you been? Have you added more GPUs to your farm?

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Not really. I bought a Vii and a couple of Vegas and they have been gathering dust for a bit. I’ll get them into the new rig at some point…

Life has been crazy busy: somewhat rewarding, but totally scattered, smothered, covered, and chunked.

I’m keeping a lazy eye on all the market drama as Ethereum approaches the “merge” and Cardano approaches the Vasil hard fork. Ethereans trying to implement a deliberately centralized, custodial staking system, with high fees and demonstrated weakness in the face of censorship and sanctions.

How are you? Still on the other side of the globe?

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Excellent.
I like that the masks are there on some, but not on others. And such a range of ages.

Will you stay there long, or will you keep moving?

I have 16 GPU’s. If I get many more, I’ll need to put more careful thought into my electrical arrangements and cooling. I’m waiting until after the Ethereum miner diaspora settles down to decide how to play it. Not sure I want to be a pro-miner… more of a hobbyist.

Cheers.

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16 GPUs is already pro-miner status for some people. If you were selling daily, would you be running a profit at the moment? There’s a local ETH miner here, but I don’t know how he’s in profit at $0.25/kWh… Unless he’s getting free electricity.

Ah yes, the masks. Cambodia has a low usage rate compared to other SE Asia countries. That’s part of the reason I am going to stay here and not keep moving.

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I always reach out to new clients by admitting that I don’t know what I’m doing. I am never a pro, because I would get bored before that happens. If they want an engineer, they should pony up the cash and hire one. If they want a quick solution, I’m the guy.

I am, however, an old hand with an old soul. Keeping a few gpu’s running is no big deal, and I can do it while juggling my many other pursuits. I don’t have the time to focus on optimizing the system. I think I mentioned that I have kids that eat like goats, and I have many other interests besides Ergo.

As for profitability, yes if I externalize the costs. They are profitable in terms of cashflow per energy consumed. But I am beginning to suspect that we are about to witness a massive wailing and gnashing of teeth in the mining industry. Another reason I avoid going pro.

I chose to bet $10k on crypto about a year ago. I mostly bought mining equipment over several months, sniping “bargains” instead of just buying coins. I started in earnest in January of this year, I guess, after the holidays. I am definitely not profitable overall, nevermind the electricity costs. But I don’t care about the dollars. That money is gone, and now I am in the game it payed for. That is what separates speculative investments from actual work.

If I wanted to work on Ergo, I would pick up a shovel and do the real job. But I can’t yet do that, so I do what I can. I look at the GPU’s as very productive employees that require almost no direction or correction.

I have been to Pakistan, but never east of that. I too am curtailing my travels due to the tensions in the world, including covid. The current is very swift now.

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@bigoogawoogla

Check it out, looks like the Russians are taking over after the merge:

Yowsers, that’s a lot of hashrate. This is awesome.

ETA:

Difficulty just spiked to 16PH, and I am now losing money. Yay!
I got a line on some cheap watts though… time to up my game.

I’m thinking a lot of the new miners are gonna be converting straight to bitcoin via 2miners, and that will exert downward price pressure unless the house there decides to hodl erg at the expense of btc. Today was a down day, and I am eagerly awaiting tomorrow’s price action and community banter on reddit and twitter.

What a time. Thanks Vitalik.

Well, @bigoogawoogla it seems that we have arrived at a new normal.

We now have more than twice the hashrate, lots of critics, lots of engagement, increasing wallets at most price levels, and yet the price action is negative. Hell, even the juggernaut of ergonauts Charles Hoskinson has joined and dipshits keep selling.

I gotta say, as a newbie, this might be the best year ever (my second). I mean, massive drama changing the battlefield, and yet calm building and advancement on multiple fronts.

This is good theater for those that understand. We are all witnessing and participating in the unfolding of the next major change in world systems, at the same time that the old world system is folding under the weight of it’s malinvestment along various fault lines.

Truly a magic time to be alive if we stay focused and push for what is right. In the end, modernity needs us, so they can either agree or argue over resources that are only scarce due to their lack of imagination, and our collective lack of trust in each other.

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What are the fault lines of malinvestment?

It does seem like an ideal time to be/become an Ergonaut from an investment standpoint. Development is churning up a robust community and dApp ecosystem. As I’m continuing my travels I have the feeling that every $1 I spend is perhaps much more than that in the longrun.

Don’t be too nervous about curtailing travel due to Covid/world events! Most of the world is back to a “new normal” (I shiver writing this). Prices are lower, and places are less crowded than usual. As for safety, I think now is just as safe/unsafe as usual. Not to mention, as Americans we tend to be quite safe. As unhelpful as our embassies are, they do protect citizens abroad. I’ve been through enough foreign government bureaucracies to see how citizens of weaker nations are treated comparatively. One memory that stands out is when I allegedly overstayed a visa in SA. There was an Argentinian next to me who was also accused of overstaying his visa. The emigration office reamed the Argentinian to force a detailed explanation for his overstaying. Eventually he was led away to a back room and I didn’t see him again in the airport terminal. For me I just said I had covid and couldn’t book a flight on an earlier day. The emigration officer didn’t ask for more information, and simply brought my passport to the same office the Argentinian was escorted to. He came back a minute later with an exit stamp and wished me a safe flight. If you are really worried about safety, just keep the embassy phone number on your mobile and get a local sim card. Supposedly if your life is in immediate danger the embassy will send someone to your location. Supposedly… Don’t take my word for it :wink:

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Oh, I’m not worried about the governments… they love tourists. I had been thinking about going on a tour of Eastern Europe next year, but the situation there gives me pause.

There are many fault lines of malinvestment in an economic system based on proof of war. The ones that the Russians and Germans are witnessing right now, having invested heavily on their interdependence. The ones that the Chinese are witnessing right now in their real estate sector, or their dependence on chips and tech they can no longer source easily. And let’s not forget the Americans and our yearly budget for “National Defense”… malinvestment, unless you think the behavior of the others was inevitable.

Those are the big ones, but there are many others. Brazil is really feeling the pinch on fertilizer and fuel costs, as are most of the African and middle eastern states. Dollar is a wrecking ball right now, but that will come roaring back again in time. If I were a younger man, less encumbered, I would agree that now is an excellent time to travel the world and seek opportunity.

ETA, some Sunday morning music: Blue Boat Home - YouTube

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