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
SAFCasper said:
Very strange.

1080's are known for not being great at overclocking - but at stock it should be significantly faster than a 1070.

I've used both to mine zcash and the 1070 gets ~460 sol/s while the 1080 gets ~590 sol/s (both overclocked). Nearly 30% faster.
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Something about memory speed?
 
SAFCasper said:
Very strange.

1080's are known for not being great at overclocking - but at stock it should be significantly faster than a 1070.

I've used both to mine zcash and the 1070 gets ~460 sol/s while the 1080 gets ~590 sol/s (both overclocked). Nearly 30% faster.
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From what I read online that is not the case for ethereum. I have the 1080 and +900 memory overclock to get to that amount.
 
So after a few months of doing this, it didn't seem to be worthwhile. So I've put the card on eBay and it's already priced at the same that I purchased it for. If it sells for that, after listing fees and mining for a bit... I'll probably have made about $50. So other than using up some of my time and curiosity, not much of a waste.

Either way it was a great learning experience. Seems like if I had just purchased the same amount in BTC or ETH at that time, I would have an easier profit. :D
 
I just built my third rig for my clients in a month. They are telling each other that I can set them up I guess.

Fun to build and configure. Charge $500 and send them out the door. If this is anything like the California gold rush the merchants will be the ones that profit from it.
 
Customer sources and supplies the parts and I build.

1st 6 1070 z170 board 16gb ram
2nd 6 1080 z170 board 16gb ram
3rd 2 1060 other board 4gb ram
 
Legendary Bitcoin Trader “masterluc” Predicts $15,000 Bitcoin This Year

Article Link: https://cointelegraph.com/news/legendary-bitcoin-trader-masterluc-predicts-15000-bitcoin-this-year

Ask any oldtimer, and you’ll find that masterluc is something of a legend in the Bitcoin community. His main claim to fame is that he called the top of the November 2013 Bitcoin bubble and the subsequent bear market.
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Masterluc now predicts that Bitcoin will reach $15,000 before the end of this year. What’s more, he believes that Bitcoin will reach a price of $40,000 - $110,000 by the end of this bull run. He gives a timeframe of 2019 for that price target.
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Blockstream to Transmit Bitcoin Data to Earth Using Satellite Technology

Article Link: https://news.bitcoin.com/blockstream-to-transmit-bitcoin-data-to-earth-using-satellite-technology/

They have leased these satellites for the purposes of downloading a working bitcoin node, which would harbor all of the blockchain’s transaction data. These satellites will potentially give people who are disconnected from the internet access to bitcoin.
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Has anyone seen price of bitcoin it is now sitting at $6000+ CAD WOOOOOW.
I get a live price on the BTM kind of handy i don't have to look it up.
 
Galdorf said:
Has anyone seen price of bitcoin it is now sitting at $6000+ CAD WOOOOOW.
I get a live price on the BTM kind of handy i don't have to look it up.
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I wouldn't like to think how many times a day I check the prices of the 30-ish different cryptocurrencies I now own. I mainly use the Blockfolio App to keep a check on them all. Hard to resist a quick check every now and then, especially when we're in such a bullish period as we are now.




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The advertising for BTM was put up yesterday starting to get traffic on the machine some of the people said they need to get their computer fixed and would be dropping it by and price of bitcoins just keeps going up looks like it will be higher today than yesterday at this rate.
 
Galdorf said:
The advertising for BTM was put up yesterday starting to get traffic on the machine some of the people said they need to get their computer fixed and would be dropping it by and price of bitcoins just keeps going up looks like it will be higher today than yesterday at this rate.
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Cool. So will you be taking payment in BTC too?

I think the price will break upwards sharply again soon. It's hitting resistance around 4500 USD right now ...

upload_2017-8-17_15-39-16.png

What's more, it's close to breaking through 30,000 CNY and 3500 GBP at the same time. Round values of dominant fiat trading currencies always seem to create resistance, presumably because people favour round numbers when they set their automatic sell orders on exchanges. Historically, it tends to hit the resistance ceiling a few times until most of the sell orders have been executed, before breaking through. The more resistance, the harder the eventual break-through.
 
What are round numbers? Like $4,500, $4,000, etc.?

Can you recommend a good resource for learning about cryptocurrency markets?
 
timeshifter said:
What are round numbers? Like $4,500, $4,000, etc.?
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That's right.
There's nothing scientific or guaranteed about it, just something I've observed. And the more 'round' the number (ie divisible by a larger round number, such as $1000) the greater the resistance seems to be (eg: $4500 will tend to see more resistance than $4400. And $5000 will see more resistance than $4500). It's human nature I guess; they're psychological milestones. And people who are looking to profit from a price increase are more likely to set an automatic sell order somewhere near one of those milestones than choose some arbitrary number. Of course the milestone isn't always in USD, sometimes you need to pay attention to other influential fiat currencies like EUR or CNY.

The inverse seems to be true too when looking at the falling price and the 'support level'. If you look at the Bitcoin price chart (below) for the last 7 days, notice how the last couple of times the price fell it hit a new support level of around $4000. That's partly due to the automatic buy orders and people thinking "if it drops to $4K again, I'll buy some more".
Capture.PNG

timeshifter said:
Can you recommend a good resource for learning about cryptocurrency markets?
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I don't really have any to be honest. I'm just an amateur at this myself. Most of the time I just do a little research and watch the price, looking out for a pattern. There are lots of resources that'll teach you how to work the data like a stock market pro, predicting the price by studying candlestick charts but I'm not convinced that works. Cryptocurrencies don't behave like stocks and shares; they're highly volatile and are influenced more by awareness, hype, development activity and the size of the community or following.

When I'm looking for a cryptocurrency to invest in, most of the time I just research them by Googling and checking out their info on Coinmarketcap, where you can find links to their announcement (ANN) thread and website, information on price, market cap, supply, daily volume and the exchanges they trade on. If I'm looking for a longer term investment, I look for something that has real world 'value', something that provides an innovative solution, product or service. Depending on how much I'm planning to invest, I may study the whitepaper, the project's history and check out the project developers. From that information and the 'scarcity' of the coins (ie the maximum supply) you get a feel for where the price should/could be. I'll usually invest if the coin is relatively new and seems promising but is currently very undervalued. Having said all that, sometimes I just take a punt on a new, low priced coin that has a lot of hype and is likely to get 'pumped', though those are a more short-term investment.

There's a guy on YouTube who goes by the name Suppoman who makes daily investment advice videos. To be frank, he's a bit of a loud shouty plonker but he's quite entertaining to watch and he does do his research. His advice on which cryptocurrencies to watch and invest in is usually quite good. He does have a 'course' you can pay for too, which costs about $10 (if you use the link he provides with his videos). I would recommend doing your own research before investing in any that he mentions though. And, as always with cryptocurrencies, the best advice is never invest any more than you can afford to lose.
 
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I moved all my mining equipment to my apartment where I can better monitor it, just in the process of building a simple Jysk Pine frame (think IKEA style product). It is proper wood though, so adding mounts, tabs etc eobt be an issue.

An update on the Mini ITX boards. They died. Thankfully I was within my return period so they are going back.

I have some thin clients that are doing good, so I will use them for now.

I've been doing summer cleaning at my place since you never truly appreciate the junk you accumulate especially if you are in the tech business. Partly to make room for mining, partly for more breathing space. I have a 1500W ceiling when it comes to power so I am being efficient wherever I can.

I noticed Nicehash has a new version of Legacy miner available and I see new coins such as Sia and others. Don't know how well Sia will do.
 
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