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Indeed. There was a time when I used to be a sucker for all sorts of rubbish. I transferred most of my trading library to the local charity shop a while ago. :D

By the way, what is the "experts" way? What do they teach? Is it just TA?

nysestocks claimed it does exist Many will read this and say this idiot is playing mind games, or trying to sell something - but what else would they say, as they are frustrated that they have not been able to come up with the so called "holy grail" of trading, as it does indeed exist, but only...

You made it look easy. :)

In March 2020, like other stock markets, the FTSE crashed from 7,500 to 5,000. It rebounded to 6,500 in June, and then proceeded to start falling again. When it got to 6,000 in July, a guy I know was utterly convinced the bear market had resumed. So certain was he that he bought $250,000 of OTM...

Brings to mind this quote. The trickiest part of putting your money into a bearish bet is the timing. You can be right that a market or sector is overvalued but wrong on the timing. That’s essentially what economist John Maynard Keynes meant when he said,“The market can stay irrational longer...

Yep, I did that with a previous investment before the precious metal one. In fact, that's probably why I clung on to the PM one. With my luck, I knew that if I bailed out for a big loss it would probably reverse. Of course, as I discovered, there is nothing stopping a big loss from turning...

Been there, got the T-shirt, and still wearing it. I put a significant sum into a precious metal investment in 2013. It was about $40 at the time. It started falling pretty much immediately but, instead of cutting my losses, I hung on thinking if I wait long enough it might come good. It hit...

Presumably $1400 is not a significant % of your net worth. :D I'm not sure how you can be so confident that this trade will eventually make money but I guess, if you're prepared to wait long enough, anything is possible. Of course, in the mean time, -$1400 could turn into -$2000, -$2500...

I think old age is starting to catch up with me. :D

It does play up from time to time (screen/gpu definitely on the blink). I know it's only a matter of time before it dies, which is good because it's a constant reminder to keep it backed up.

So my guess of a 10kW rig (2,400kWh/day) should do the job.

The problem for me is that things move so fast. You could buy a rig now for a few $k and it sounds like it could be redundant within a couple of years. My current laptop is 10 years old. It's a bit slow, and sure I could probably benefit from upgrading to a new model, but it is still perfectly...

I guess that's one advantage of being in the UK, having 240v instead of 110v, therefore half the current for the same wattage. That 1-bed apartment must have got a bit toasty over the summer. :D

Depends on the size of the rig. 10kW would probably heat a house or warm a swimming pool. It would certainly make sense if mining farms were encouraged to find uses for the waste heat rather than just pumping it into the atmosphere (or even worse using aircon to cool the rigs) eg. heating...

Do you have a swimming pool? Do you heat it at all? Heating swimming pools wouldn't be a bad use for the waste heat from mining.

0.05kWh :D I re-read your original reply and you were correct. What threw me was I'd been previously reading about rigs consuming around 3kW, so when I saw your figure of 2.8 I just assumed that was the rating. Now I get it that you were referring to a graphics card consuming 116W.

I guess you'd need an ASIC to get decent results but that would be an even bigger up-front cost. Whatever hardware you buy probably only has a couple of years or so of productive life.

Yep, I was thinking about this too. I could put it in the hall, or on the upstairs landing, but if they sound like a mini jet engine that could get real annoying.

The unit of kWh is kW per hour. An appliance, like a kettle, rated at 3kWh draws 3kW in an hour. In the case of your mining rig, it would be rated at 0.116kWh.