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Showing 6 of 6 results by ajg
Re: [Mining OS] SimpleMining.net - Easy to use GPU MINING Operating System
Hi Tytanick (and other simplemining admins)
I have a rig made up of MSI GTX 1060 6GB Gaming X GPU's. I notice that the power settings on these do not seem to be able to be changed from the simplemining gui. They are always set at 100, but other cards have to problem reducing the power level. After some googling I see that there are others who have the same problem with these cards and simplemining os. But they work fine in other operating systems.
Do you know what is going wrong with the interaction between simplemining and these MSI gtx1060 Gaming X cards? They are awesome cards to mine with, but if you can't reduce the power level with simplemining then it's not worth the extra cost in electricity.
Can you help with this situation. Hit me up if you need me to assist you in the diagnosis, I know my way around linux well enough.
Cheers
-Andrew
I have a rig made up of MSI GTX 1060 6GB Gaming X GPU's. I notice that the power settings on these do not seem to be able to be changed from the simplemining gui. They are always set at 100, but other cards have to problem reducing the power level. After some googling I see that there are others who have the same problem with these cards and simplemining os. But they work fine in other operating systems.
Do you know what is going wrong with the interaction between simplemining and these MSI gtx1060 Gaming X cards? They are awesome cards to mine with, but if you can't reduce the power level with simplemining then it's not worth the extra cost in electricity.
Can you help with this situation. Hit me up if you need me to assist you in the diagnosis, I know my way around linux well enough.
Cheers
-Andrew
~snip
There is another solution to this problem and it is implemented in the coming soon release: averaging cost (as usual i invite you all to test it manually beofre to launch it with the bot).
Basically all your bags can be sold at profit with a little trick: soon as the coin price drops (specifically the bot watches for High BB value dropping below "bought price"), the bot buys again. The result is an averaged bought price which is now between Bollinger Bands again. In this situation it is easy to sell the entire "bag" at i.e. 0.6% of profit (higher than fees, just to get rid of it quickly).
Here are a couple of pictures attempting to explain this concept in a visual form: with this strategy implemented we have solved an ancient issue of Gunbot, "da bags"
https://ibin.co/w800/3UElobEWI9j6.png
https://ibin.co/w800/3UEmKRhT7apU.png
I understand, you can buy at lower point to average out an overall profit. But does GunBot do this? I thought it just held on to bag until price went above original buy price. Or are you talking about a future release will have this feature?
Hi guys, I've been using the bot for 2 days. Because btc is up, alt coins are down, I'm holding some bags, like ETH, ETC,...
Should I get rid of them? Should I stop the bot on those pairs? Technically the value of my bags are rising compared to usdt.
Should I get rid of them? Should I stop the bot on those pairs? Technically the value of my bags are rising compared to usdt.
That is the $million$ dollar question. I have had bags and sold them at a loss. But I don't know if that was the right thing to do because doing that will definitely make you lose money. On the other hand I wish I had sold them earlier, that way I would have only lost 10% rather than 40% because prices kept on going down for weeks.
My current thinking is that if market is consistently going down on a pair, then stop the bot trading on that pair and sell out, when things stabilize then start the bot. But that's just one strategy. Another one is to keep the pair and bot running until market returns a profit on that pair - but who knows when that will be, weeks, months, years who knows.
It's a dilemma. That's why good trading experience is recommended before running this bot, unfortunately you and I are probably not experienced enough. Sorry, no easy answers.
good luck
-Andy
Is anyone still making a profit on this in the last month? Or just left holding the bags? 
The bot will only do what you tell it to. So it's largely up to you. I must not be very good at configuring it then because I've lost a bit of money and have many bags.
But I hold out hope for gunbot yet. Just gotta get better at working it. It's just a tool
Personally i'm the kind of person that likes to buy low and realize soon as possible:
buy strategy BB with lowBB at 40 and sell strategy GAIN at 2%
buy strategy BB with lowBB at 40 and sell strategy GAIN at 2%
Gunthar, Is that gain or stepgain you're using there? I'm interested in trying your tactic if you don't mind sharing it. What do you think?
By the way, I thought I'd share results so far after a week of trading.
Been trading about 20 pairs with default BB/BB settings - buy amount ~ .02. Profit made in 7 days: 0.0153 BTC
How profitable is a typical gunbot? Lets say I start with 0.5 bitcoin investment, what's it looking like in a fortnights time above the buy and hold price? I'm not wanting guarantees, I just want to know what is a typical experience for returns and how much work is involved to get good results? Thanks