Scramz

You earn a lot more from mining altcoins. TBH to mine BTC you need ASIC's and its not profitable to mine with them in the UK. There is a bunch of different algo's in altcoins that favour different hardware. I have 20 graphic cards mining Cryptonight altcoins and I sell them to ££. I dont bother holding coins.

There will be a couple of altcoins that will make it to facilitate BTC. Other than that, I just mine the sh*t out of altcoins as they turn a good profit.

Cryptonight algorithm, mainly Monero have openly said if any ASIC were to be create for XMR they will hard fork again to kill it in its tracks so keep mining decentralised away from China, unlike bitcoin. Plus it's really hard to create ASIC for Cnote because it's so memory intensive.

XMR STAK, got all 10 cards to pull total of 1700watts too which is very nice by playing with power play tables. They are about, got 10 Liquid cooled ones recently and last night pre-ordered 5 V56s from Scan, custom cooled ones.

Just wondering what miners in here do, as my post above, I mine ETN and move into Monero for the moment. What's your opinion on Monero.

Nice, I am mining ETN at the moment and exchanging it into Monero. More efficient thats way rather than mining Monero directly. I am currently pushing 20Khs with 10 RX Vega 64s. Making about $90 a day but holding in Monero.

Anyone here mining alt coins and moving them into Bitcoin?

Looks like the stamp we need to pay in Jan has been massively cut and the better half will be paying no more student loan from April on her salary. Hopefully budget for me for once.

I understand sentiment can hold house prices down once crashed but has there ever been a housing crash in the UK from a change in sentiment? Or has it only been a serve reduction in access to credit and over 8% interest rates that have crashed the market? Consumers drive the market. If the average person who has no idea about markets or gov policies just want a home and have a deposit, why would they not go and buy when the bank is basically handing them free cash? The longer credit is available the longer it will take for a meaningful crash to come.

Amazing insightful thread, thank you Letsbuild. Overall picture seems to be average pricing continuing to move upwards and sales downwards.

Most mortgage deals within the deal period, regarding monthly payments on average 50% comes off balance 50% comes off interest. After the deal period, that no one does as they remortgage, it flips the 90-95% of payment comes off interest and a tiny amount off balance. But as state everyone remortgages to deals. Effectively wiping atleast £50k off his balance. You are right on personal situations, I got to the point I would rather personally lose the money to a reducing market rather than into a LL mortgage. Atleast in the market there is a chance of not losing it if conditions are right.

That is exactly the reason I went for a 3 bed for a couple with no kids. Can sit tight for years to come even if we pop out a few kids. Had no intention of putting myself in a position of needing to upsize to start a family. There is no justification for lots and lots of things being massively overpriced, but they just are. But I you won't be gambling £24k, you will continue to sit until prices fall, which we never know if and when that will happen. If falls don't materialise you are gambling anything from £24k to infinity. I got tired after spending over £100,000 on rent, which ties in with your 'contribution' statement. I have contributed £100k to someone else's mortgage, why not start contributing to my own mortgage, or am I wrong to possibly try and better my position or should I just continue to sit still complaining about it for the rest of my life, thinking what if.

Completely agree. I purchased my first home a few months back in the SE. If prices slowly drop over the next 5-10-15 years it will make no difference to me, I would have spent more on rent than I would have lost. Like I have spent the last 10 years paying rent to wait for a 'crash'. It was either a 'mortgage slave' or 'rent slave', I woke up and realised the more financial and mentally beneficial one of the two. I am on here as I support HPC. I am surrounded by smug boomers who don't understand the position of FTB'ers of today. It's sad and one day (when someone pins the jonny) I don't want my kids to be stuck in this, frankly, crap situation.

Yeah, based on an HPI forever this would be true, it was just a 10-15% hold on prices from where they would have been but will return to projection. Again this is based on HPI forever which can't happen. Maybe could for a large number of years but not forever. I don't fell what is £400k now will suddenly become £300k overnight, people are reluctant to drop prices but very eager to raise them. Upward pressure acts fast, downwards is slow.

I am starting to learn this. Even when you agree something is not credible and most likely a load of rubbish in agreement with them, they still turn their nose up at you because they 'know better', which is not justified in their track records. We are in here for the same purpose, HPC. You should be able to see stuff that goes against HPC as well as for, like the ONS figures you posted. I only said I read somewhere last year and was asked for it, found it, then I was bashed on it. I even said it wasn't credible in the slightest in agreement. I guess I need 25k more posts to converse with some people. Spin doctors everywhere. These figures go gain HPC, the country needs HPC now, but it's not happening, yet!

This is another member of this forum with a sense of self–importance. I guess 25k+ posts later and still no crash in sight does that to you? No one asked you to look at it, you requested it. Anyway back to OP. Unfortunately, just seems like a slow down is HPI rather than stagnating or turning negative.

From 7 mins.

Yeah, he is one of the helmets. slightly plausible guess though.

Seems it was based opinion. Like I said, not credible but different.

Found it, was a YT video. No one credible in the slightest but a different perspective. Thinking there will be drops but not in the way most people would think.

I can't remember, I will dig into my browser history. Most likely no one credible but it's not a million miles away at the moment with flat prices.

That's it, you explained it better than me. 10-15% drop on what it would have been, not 10-15% drop in current prices. I find it hard to gain real sentiment of the people in MSM. MSM changes the narrative day to day with no correlation to public sentiment. ONS figures show more sentiment as that is real sales and show what people are happy to spend.

I read somewhere in June 2016 that all the dooms day brexit house price crashing 10-15% would be true, but not in the terms of falls but in terms of sitting still before going back up. They would just be 10-15% from where it would have been if brexit didn't happen on HPI. Going by the chart, this looks like it could be true, unfortunately.

I won't get carried away with a .25% rise. Mortage rates are still lower now than the last year or 2 when the HPI was picking up. It's going to take a much larger bump for there to be a decent dent.

But they are still really cheap even after .25%