Cryptocurrencies

What cryptocurrencies do you use/own?

  • Bitcoin (XBT)

    Votes: 30 27.8%

  • Ether (ETH)

    Votes: 16 14.8%

  • Litecoin (LTC)

    Votes: 15 13.9%

  • Peercoin (PPC)

    Votes: 0 0.0%

  • Dash (DASH)

    Votes: 3 2.8%

  • Dogecoin (XDG)

    Votes: 4 3.7%

  • Blackcoin (BLK)

    Votes: 0 0.0%

  • Zcash (ZEC)

    Votes: 3 2.8%

  • Other

    Votes: 14 13.0%

  • None

    Votes: 69 63.9%
  • Total voters
    108
Uh oh.

3card_crash.png


Was running Nicehash, the two 1080 Ti at 85% power.
 
I'm adding a XFX R480 8GB to my roster. Since I can't get cards new, I am sourcing via eBay, carefully reading what folks are saying. I only buy from those who give a good description. The ones I purchased are from folks who upgraded to the latest 1080 cards and use for gaming. If an auction states a card was used for mining, I don't buy. Plus PayPal gives me 180 days of protection should something happen, so that gives me on most cards enough time to make my principle back.

I ordered more mounting brackets from solarbotics, and with my cards coming in soon, I will be happy. I am going to build essentially a Borg Cube that will assimilate all. I am going to stack the mainboards and use the risers to position cards in a good position to have the heat taken away. Some cards have different fan profiles and thus can't be next to each other. I may also use some foam core to create panels that create unique thermal zones. I've seen this done before with amazing results.

I have enough parts to build 2 X 4 GPU Rigs.
 
I was just listening to Steve Gibson's Security Now podcast. Apparently there is a malware that monitors the clipboard looking for bitcoin addresses copied and pasted into bitcoin wallets.
Someone lost 13 bitcoins ($35,555 dollars) from this exploit!
Quote "This malware surreptitiously continuously monitors the system clipboard for the appearance of a destination bitcoin address and, when found, immediately and silently replaces it with its own." end quote.

He raised some interesting points as well, like if mining was profitable why don't graphics card makers use their produce to mine rather than sell to the public?

https://media.grc.com/sn/sn-616.mp3
 
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Barcelona said:
He raised some interesting points as well, like if mining was profitable why don't graphics card makers use their produce to mine rather than sell to the public?
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Sounds like saying "if hotels were so profitable then why don't mattress makers rent out their produce rather than sell them?".
 
timeshifter said:
Sounds like saying "if hotels were so profitable then why don't mattress makers rent out their produce rather than sell them?".
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Or why don't truck manufacturers use their trucks to deliver goods instead of selling them to shipping companies?

It's a good point but I think the simple answer is that graphics card manufacturers are not in the business of mining.

I think, inversely, the question should be: If it's NOT profitable, why are there so many huge mining farm businesses?
 
Moltuae said:
Or why don't truck manufacturers use their trucks to deliver goods instead of selling them to shipping companies?

It's a good point but I think the simple answer is that graphics card manufacturers are not in the business of mining.

I think, inversely, the question should be: If it's NOT profitable, why are there so many huge mining farm businesses?
Click to expand...

Yes, good point.
Graphics card manufactures could - and probably do - mine anyway. Selling graphics cards would probably only be a part of their overall business.
I'm sure AMD and nVidia would have huge mining farms, raking in squillions!
 
I'm starting to gain a clearer understanding of all these funky names I see in NiceHash like Lyra2REv2 and DaggerHashimoto and a bunch of others. It helped when I compared all of the ones NiceHash runs with this list of cryptocurrencies. https://en.wikipedia.org/wiki/List_of_cryptocurrencies

For example I'm watching NiceHash mine Lyra2REv2 now on my machine. If I compare what it's earning with what I can get mining Vertcoin directly it looks like a 15% difference. i.e. I get 15% more mining directly.
 
Bitcoin ‘Going To Moon,’ Could Reach $1 Billion: FOX News
Article Link: https://cointelegraph.com/news/bitcoin-going-to-moon-could-reach-1-billion-fox-news


Super happy to chat with Charles Payne about Bitcoin on Fox Business!
For more information about how Venezuelans are using bitcoin, check out this article:
http://reason.com/archives/2016/11/28...
Also, if the grid and internet both go down, USD fiat would likely be pretty useless too, but that world would be a very different one...

Thanks for having me, Charles! And great chatting with Tammy also!

For more videos please visit bitcoingirl.org
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I enjoy reading paper back/hard cover books does anyone have any recommended titles to look into on the subject of cryptocurrencies in general?
 
Blues said:
I enjoy reading paper back/hard cover books does anyone have any recommended titles to look into on the subject of cryptocurrencies in general?
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I'd recommend Andreas Antanopoulos' books. I have a copy of Mastering Bitcoin for my bedside reading. It's an extremely technical book that explains the mechanisms of cryptocurrencies in great depth. It's also available as a free download if you want to check it out before buying it. His other book, The Internet of Money, is a much lighter read I believe (though I haven't bought this one, yet).
 
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Some interesting recent news/articles ...

Bitcoin Price Leads as Crypto Markets Complete Turnaround from Massacre Monday
https://www.cryptocoinsnews.com/bit...kets-declare-independence-from-weekend-slump/

South Korea to Soon Legalize Bitcoin and Ethereum, Protect Traders From Bubble Burst
https://cointelegraph.com/news/sout...nd-ethereum-protect-traders-from-bubble-burst

It’s Official: Japan Has Eliminated Tax on Bitcoin, Rise in Trading Expected
https://cointelegraph.com/news/its-...nated-tax-on-bitcoin-rise-in-trading-expected

Goldman Sachs: Bitcoin Will Plunge Again Before Surging To $4,000
https://etfdailynews.com/2017/07/03/goldman-sachs-bitcoin-will-plunge-again-before-surging-to-4000/
 
HCHTech said:
I have not read deeply on this, but wouldn't these decisions be made for you if you are using a service like Nicehash?
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I believe so, yes, though I haven't studied the voting process much either to be honest. I've seen the option to vote in mining pools I've used previously, so I suspect it will be the pools used by those buying the hashing power that will get the vote.
 
That makes sense. I haven't had much incentive to find time for this kind of research.

My little one-card machine is chugging away, about 2-1/2 weeks now. The GTX1060 has settled down to about $2.40 per day give or take. It started out better, but then the price of BTC dropped a bit, plus there are market effects peculiar to nicehash that have an impact as well. Anyway, I've received one payout from nicehash to my wallet, so everything seems to be working. I like the nicehash solution, because it requires no attention. Any time you have to spend paying attention to things has a cost that dilutes the profit.

I'm thinking about putting together a multi-card rig, the price of cards has dipped ever so slightly downward, I see. I've got about $3K I'm willing to risk and that should get me a setup with 3 1080Ti cards, capable of 6. That way, I could add 3 more cards in the future without buying anything but the cards. It's summertime here, so I'm trying to find a place where the thing won't increase my air conditioning bill on top of paying for the power - my single card machine has already made my shop noticeably warmer. The 1080Ti seems to be the clear winner in mining performance, using the nicehash data. It will be interesting to see how the new purpose-built mining cards shake this up once they hit the streets.

It seems to me IF the goal of the purpose-built cards is to take the pressure off the gaming market, then the card companies will have to incentivize miners to use them. That means better performance for the same price as gaming cards, or identical performance for a lower price. Otherwise, the mining community will just continue to use the gaming cards. I'm sure that analysis is overly-simplified.
 
Can't recall if it was her or on some other board that there were rumors that mining cards were simply gpu chips that failed qa. Plus with only 3 Month warranty, I doubt folks will bite.

I can still get used cards that will pay for themselves, so no need to use mining cards. AMD and Nvidia just have to increase production.
 
HCHTech said:
It seems to me IF the goal of the purpose-built cards is to take the pressure off the gaming market, then the card companies will have to incentivize miners to use them. That means better performance for the same price as gaming cards, or identical performance for a lower price. Otherwise, the mining community will just continue to use the gaming cards. I'm sure that analysis is overly-simplified.
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Agreed. Looks like they took their normal design and removed the ports and decreased the warranty. They don't perform any better and they're no easier to install and configure. Maybe if their retail or actual selling price was 30% less than the regular card they might be somewhat attractive.
 
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