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
Meant to add this photo to show added dimensions for radiators for water cooled GPU

water_cooled_gpu_frame.png
 
NYJimbo said:
Anybody watching the sub-$10 coins right now ? Anything interesting ?
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It's a while since I researched any new alts but I'm a long-term holder of about 30 different altcoins, some of which are still sub-$10 that I think have the potential to go higher. From my own portfolio, I think Siacoin is still undervalued, given its potential (as a sort of decentralised/distributed Dropbox alternative). The total supply of Sia is more than 10 times that of BTC, so it's unlikely to ever be worth thousands (or even hundreds) of Dollars per coin, but I think it could get beyond $10, given enough time, development and marketing.

Stratis is another one I have in my portfolio that I think has a lot of potential (although it's not quite sub-$10 at the moment). Like Ethereum, Stratis provides a platform for building decentralised/distributed apps (Dapps) but makes the transition easier by allowing those Dapps to be built using conventional programming languages such as C# and .NET.

A few other sub-$10 coins that I own, that I think have potential to go higher are, Nexus, Unitus, NEM, Steem, Onion, Lbry, Civic, Pillar and CreditBit. The development of the latter has been slow of late, but it has a relatively low total supply and they've recently announced the imminent release of one of the first ever Dapp wallets, which could attract some media attention (EDIT: CreditBit's Dapp launched shortly after I posted this!) . I haven't kept up to date on the development of most of the altcoins I own though, so it would be worthwhile doing a little research before investing in any of them.

The things to look for when you're looking for coins to invest in are total supply, value and community/marketing. The total supply (or scarcity) will set a price ceiling. Some coins have such a large supply that they'll never break above $10, let alone thousands of Dollars. The coin also needs to have some associated value, ie a use case that makes it unique or gives it potential. Lastly it needs to be marketed well or have a strong community of followers who will help promote it. Of course if it's a relatively new coin the community may still be very small, in which case you'll need to focus more on supply and value and do some research on the development team behind it.

It's worthwhile diversifying your portfolio a little if you're going to bet on the altcoins. Pick a few that seem promising, spread your investment between them and just "HODL!!" (as they say). Nearly all of the alts I've invested in have gone up in value, some just a little but a few quite substantially. For example, I bought 500 NEO several months ago (back when it was still called Antshares) for about $600, now they're worth over $30K, and I think NEO has the potential to go much higher yet.
 
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Bitcoin just started trading on the world’s biggest exchange — here's why that matters
Link: http://business.financialpost.com/i...igger-wall-street-stage-as-cme-debuts-futures
The world’s biggest exchange just joined the bitcoin revolution.

Bitcoin futures started trading Sunday night at CME Group Inc.’s venue, a week after Chicago rival Cboe Global Markets Inc. introduced similar derivatives on the volatile cryptocurrency. CME is a much bigger player in futures, so many traders expected it to make a bigger splash in the nascent space.
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Overstock is turning into a bitcoin tech company
Link: http://money.cnn.com/2017/12/18/news/companies/overstock-ico-ceo-byrne/index.html
The company is one of the first retailers to accept bitcoin and will make the coin offering through its exchange, tZero. Its stock has tracked closely to bitcoin's wild rise -- Overstock's stock rose 4-fold between July and December as bitcoin grew more than 7-fold.
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eBay considers adding bitcoin as a form of payment
Link: http://www.forexnewsnow.com/forex-a...y/ebay-considers-adding-bitcoin-form-payment/
Even though the adoption of bitcoin has still not been widespread, it has been rising fast in the past year. Several major retail stores across the world such as Subway now accept bitcoin as a form of payment. Now eBay are also considering doing the same, and given the company’s status as a major ecommerce company, the news could be huge for bitcoin.
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Former M15 Intelligence Officer MOCKS EU's attempt to crackdown on Bitcoin anonymity
Link: https://www.express.co.uk/finance/c...latest-price-of-Bitcoin-Bitcoin-anonymity-M15

Ms Machon said this was an excuse often used by the EU to jeopardise people’s right to anonymity online.

She said: “Any crackdown on our rights of privacy on the internet always has an excuse that it is to try and stop money laundering or it’s trying to stop terrorism, or paedophiles or whatever.

“Yes sure criminals are going to use this, but criminals already use banks.”
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She added: “So many banks have been caught out money laundering on vast scales and have received vast fines for laundering grey and black money, particularly for the drug trade.

“Perhaps we should say that the EU should close our banks too.”
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2nd card frame for water cooled GPUs ready for build. Can't believe building the second one tonight took a little more than three hours. Ugh.

2nd_rig_frame.png
 
Ah, uh, now liberally apply fire retardant spray on that frame and let it dry, no? It's actually wooden, and will be rather dry soon with all the heat from GPUs? I'm thinking small fire hazard. Not much, mind you, but a small one.
 
Harnessing Energy from Bitcoin Mining to Sequence Genetic Data
Link: https://cointelegraph.com/news/harnessing-energy-from-bitcoin-mining-to-sequence-genetic-data

Intel has filed a patent for a type of Blockchain system that uses energy from proof-of-work (POW) crypto mining for genetic data sequencing.

Intel is seeking not to reduce Bitcoin’s energy use per se, but to harness the power that’s already being consumed to serve another purpose.

According to the application, the results of nucleobase sequencing have many potential benefits for society,

“Possibly leading to improved prevention of cancer and other diseases, improved understanding of biological ecosystems, improved tracking of populations and pathology, etc.”
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Moltuae said:
Harnessing Energy from Bitcoin Mining to Sequence Genetic Data
Link: https://cointelegraph.com/news/harnessing-energy-from-bitcoin-mining-to-sequence-genetic-data
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I hope the patent gets denied. It's simply a grab for the technology, not a new technology. In fact, "doing real work" for POW is already being done. It's kind of the whole idea when it comes to using blockchain tech, "Insert work to do here, process data for reward".

It's akin to patenting things you carry in a car, simply because you carried them in a car.
 
Rig #2 is operational now. It took about 5.5 hours to get it all together. The PC was already set up and had Windows loaded, so that part didn't count. I was very meticulous and tested every riser with an old card. I'm always worried that a bad riser will fry an expensive video card, so I test it with an old one that wouldn't be too painful to lose. Had to add the new power supply too.

When I got to installing the first new card, it didn't work. After about 1.5 hours of fooling around and trying different things I determined that the GPU riser card was bad. Of course it had worked with the old card, but whatever. Once I figured that out it started rolling. I installed one card at a time and would boot and test. On the 3rd card it didn't get recognized. This time it was the riser cable and or the part that sticks in the PCIe slot on the motherboard, replaced them both.

Putting together a rig is way more time consuming that I recall or imagine. I've spent about 9 hours on it this week. I don't mind as I'm enjoying this, but I need to get faster as I build more or if I decide to build them for others.
 
timeshifter said:
Putting together a rig is way more time consuming that I recall or imagine. I've spent about 9 hours on it this week. I don't mind as I'm enjoying this, but I need to get faster as I build more or if I decide to build them for others.
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That's why I began building smaller rigs of 4 or 5 identical nVidia cards, which have so far been trouble free. Most of the issues I've had were with larger rigs or rigs that contained AMD cards. Although lately I've been focusing more on Antminers.

Speaking of which, I need to find some metal racking for my Antminers, something like the racking you have (in your last photo). What is that racking called?
Edit: S'ok, I think I found some ...



Just saw this on Andreas' Twitter feed, which made me laugh :D

 
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NiceHash are back online and any missing finds are presently displayed as an 'Old Balance'

https://www.nicehash.com/attack-learn-more

4. How will you restore my old balance?
Now that the site is back online, you are free to lease, mine and make money once more. Our community is very important to us and given the loyalty of our users, we want to make sure that everyone is fully reimbursed after what happened. This has been under discussion since the day of the hack.

We have now been able to reserve the funds required to restore balances from a group of international investors in our business. The exact date of reimbursement for old balances will be announced by January 31, 2018. We need this interim period to ensure all legal paperwork is processed correctly, so please be patient while we do this.
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Yep don't trust them. Lot of people jumping onboard, but makes me leery. They also made a post yesterday that they were going non-profit until they can repay everything, but took it down within minutes. I have a feeling they are blowing smoke up our asses and trying to sugar coat it. They said a few days ago that they were going to announce a repayment plan the same time they relaunched, now it is a 'We have an investor, Jan 31st we will give you a date'.

That said, if you are mining to an external wallet, your ultimate risk is fairly low. I do want to test, but I'm finding my daily rate is almost 40% higher overall on direct mining.

Sent from my ONEPLUS A5000 using Tapatalk
 
MudRock said:
That said, if you are mining to an external wallet, your ultimate risk is fairly low. I do want to test, but I'm finding my daily rate is almost 40% higher overall on direct mining.
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I think that's another serious problem they face, in addition to losing the trust of a lot of users. NiceHash's ease of use made their users lazily loyal but the downtime and loss of trust will have forced a lot of users to try other (potentially more profitable) options.

If NiceHash are genuine in what they say/promise, I wish them the best of luck, but I think it's going to be difficult for them to regain the popularity they had, and having a $60m debt hanging around their necks isn't going to help.
 
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