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why the heck don't they just move to a model where if your ip address or whatever has a background blockchain program running, that's considered proof of stake? thats what i thought it was at first at any rate, since itd actually not use the energy output of a small nation.
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Jul 26, 2017 14:14
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Ethereum alone uses the energy of a small nation, bitcoin probably uses a not insignificant portion of chinas total energy output to power their ASIC farms.
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Jul 26, 2017 14:16
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Risky Bisquick posted:bitcoin probably uses a not insignificant portion of chinas total energy output to power their ASIC farms.
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Jul 26, 2017 14:23
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Junior Jr. posted:It's almost time for that new data fork thingamajig come august, but china's already quickly storing its bitcoins beforehand. I think the crypto rate will just be pretty low for about a month or so. That's good for bitcoin, because... After this slight crash, it's UP UP UP!
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Jul 26, 2017 14:50
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Themage posted:So still in the red then Even at its worst so far that comes out to like 6 days a month to make up for power I'm getting more convinced that the whole "haha the cost of electricity is more than you make" thing is a huge scam to prevent people from mining buttcoins to make their buttcoins more valuable. I know thats not true, but ... I mean it doenst even come close anymore
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Jul 26, 2017 15:02
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1gnoirents posted:Even at its worst so far that comes out to like 6 days a month to make up for power Mining is unprofitable so you should stop mining, thanks in advance
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Jul 26, 2017 15:08
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1gnoirents posted:Even at its worst so far that comes out to like 6 days a month to make up for power The money is computar? Lol Eh I can laugh at the stupidity of all this, and still enjoy my cryptoburritos
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Jul 26, 2017 15:28
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*rifles through stack of burritos* actually... i am in the red... why did I even start this... I cant afford myp ower bills ... bank took my house ... guys take heed of my warning
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Jul 26, 2017 15:36
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Yeah pleeeeease stop mining, it's sooo bad for you guys 🙄
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Jul 26, 2017 15:54
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Yeah, I had a couple thoughts about telling people how easy it was and how to overclock memory. In one sense I thought I'd lose money because it's all a competition, but in another I figured I'd rather get people I "know" some extra dollars and possibly get a few cents less myself rather than having as much as possible go to anonymous Chinese millionaires with those huge warehouses. Last week would have been worth it for me, but it was so on the edge of profitability I didn't want to run for 3 days then have the rate fall and that power was wasted. My break point is at 4 dollars a day, less than that it seems like the odds are good enough that the rate will fall to pointless again. Technically I could be profitable as low as 2 dollars a day, but I'm not going to put in the effort for like 10 dollars a week of profit, it still takes like a half hour to cash out.
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Jul 26, 2017 16:20
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eames posted:Ebay's buyer protection allows these refunds for 180 days. 30 days after delivery date (Source, see 'timelines, replacement and exchange')
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Jul 26, 2017 17:14
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craig588 posted:Yeah, I had a couple thoughts about telling people how easy it was and how to overclock memory. In one sense I thought I'd lose money because it's all a competition, but in another I figured I'd rather get people I "know" some extra dollars and possibly get a few cents less myself rather than having as much as possible go to anonymous Chinese millionaires with those huge warehouses. was that the one you told me about <3 ?
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Jul 26, 2017 17:29
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Craptacular! posted:30 days after delivery date (Source, see 'timelines, replacement and exchange') Not with Paypal. site posted:Purchase Protection covers all eligible purchases where PayPal is used, as well as payments made through our website. To take advantage of Purchase Protection, we require, among other things, that PayPal accounts be kept in good standing and ask that a dispute be filed within 180 days of your purchase or payment. https://www.paypal.com/us/webapps/mpp/paypal-safety-and-security
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Jul 26, 2017 17:38
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If this happens to you then you have to call Paypal and appeal because they actually state the item has to be returned to you in the same condition as you shipped it out in.
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Jul 26, 2017 18:05
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The legacy nicehash miner added a new algo today (sha3/keccak) which was apparently top dog profitability for the last several weeks and immediately cratered once every nerd on nicehash updated. How does anyone even find out about that beforehand. I guess nicehash was like accepting mining for it but didn't have it on their miners?
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Jul 26, 2017 22:56
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1gnoirents posted:Even at its worst so far that comes out to like 6 days a month to make up for power If you're mining bitcoin, specifically, then yes there is no way that you are paying off your own power bills. Altcoins will vary by your hardware, how much you pay for electricity, and whether you need to also pay for cooling. Plus don't forget transaction fees There's no scam here it's simply math and accounting, things that most people are bad at and that cryptocurrency early adopters seem to be very bad at (referring to the timeframe where asic mining at home was somewhat popular but hilariously unprofitable). If the math adds up for your altcoin of choice then go right ahead
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Jul 26, 2017 23:26
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QuarkJets posted:If you're mining bitcoin, specifically, then yes there is no way that you are paying off your own power bills. Altcoins will vary by your hardware, how much you pay for electricity, and whether you need to also pay for cooling. Plus don't forget transaction fees IT'S FREE MONEY
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Jul 26, 2017 23:59
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Well, there is the moral cost that you're being paid to verify the transactions of extortionists, con artists and drug dealers
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Jul 27, 2017 00:07
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Spatial posted:Well, there is the moral cost that you're being paid to verify the transactions of extortionists, con artists and drug dealers You can achieve something similar through the use of various major banks
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Jul 27, 2017 01:06
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Maybe bitcoiners were on to something when they were going on about being your own bank... 
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Jul 27, 2017 01:22
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Paying taxes is immoral, it sustains the currency used by Colombian drug lords
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Jul 27, 2017 02:09
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Spatial posted:Well, there is the moral cost that you're being paid to verify the transactions of extortionists, con artists and drug dealers And depending on where you live, the marginal health and environmental costs of exchanging electricity for virtual currency Surprise Giraffe posted:You can achieve something similar through the use of various major banks Not really though, money laundering isn't as simple as going to a bank and saying "yes hello I would like to exchange this $10M for a fresh set of bills please". The ease of using bitcoin for illicit purchases and money laundering vs using various major banks for the same purpose is why Bitfinex can no longer allow withdrawals anywhere outside of their home country QuarkJets fucked around with this message at 02:31 on Jul 27, 2017 |
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Jul 27, 2017 02:29
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If y'all are sad that you're not making as much as few weeks ago, or your graphics card was never good enough to make any money in the first place, there are other options for having your computer devices pretend to do work for giftcards. Mostly pretending to watch videos with advertisements. Since the necessary computing power is low even phones and tablets can get into it. https://forums.somethingawful.com/showthread.php?threadid=3820124 You can even have a dodgy milkcrate style mining farm.  Rexxed posted:Last week I setup my spare phones as a YooLotto farm (10 phones is the max right now) which can hang on the wall with some velcro, zip ties, command hooks and a plastic plant crate thing. It's either going to be a good idea or a good way to drop 10 phones on the ground at the same time.
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Jul 27, 2017 08:34
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Facebook Aunt posted:If y'all are sad that you're not making as much as few weeks ago, or your graphics card was never good enough to make any money in the first place, there are other options for having your computer devices pretend to do work for giftcards. Mostly pretending to watch videos with advertisements. Since the necessary computing power is low even phones and tablets can get into it. None of those phones have fallen down yet! But yeah, if you like having extra spare change every week there's apps for that that don't require you to cook yourself to death with video cards.
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Jul 27, 2017 09:52
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Hey very relevant to the illicit activities discussion, one of the central figures running BTC-e was arrested and BTC-e itself is being fined $110M over a litany of charges, including money laundering.
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Jul 27, 2017 11:04
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1gnoirents posted:Even at its worst so far that comes out to like 6 days a month to make up for power Electricity is 42c/kWh here. Since we didn't have a gpu-rush, I should have exported our cards to the US. On the other hand, I was considering mining because it is cold af here, so I wouldn't have minded some heating.
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Jul 27, 2017 11:10
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Facebook Aunt posted:If y'all are sad that you're not making as much as few weeks ago, or your graphics card was never good enough to make any money in the first place, there are other options for having your computer devices pretend to do work for giftcards. Mostly pretending to watch videos with advertisements. Since the necessary computing power is low even phones and tablets can get into it. So this is how videos get on YouTube trending eh?
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Jul 28, 2017 03:06
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I hear North Korea has started a large scale Bitcoin mining operation. Yet another sane smart Bitcoiner adding legitimacy. It's definitely used for things besides crime . We are in good company
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Jul 28, 2017 18:26
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I'm surprised that there's no JucheCoin or some other cryptocurrency made in the likeness of a third-world dictator, seems like they would love that poo poo. Even better would be to use that cryptocurrency as the official government currency.
MaxxBot fucked around with this message at 18:43 on Jul 28, 2017 |
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Jul 28, 2017 18:40
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Fauxtool posted:I hear North Korea has started a large scale Bitcoin mining operation.
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Jul 28, 2017 18:51
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2.72 on a 1080 ti ROI is for non-believers. Did the split happen yet and did China even notice?
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Jul 31, 2017 07:53
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Today is the big day right? Bitcoin fork and all that?
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Aug 1, 2017 11:42
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oh yeah lol *straps in in the most uncaring way possible* edit: Well all I've noticed is nicehash is putting out garbage numbers atm despite the value of various currencies appear to be rising, and also coinbase wont allow me to sell though theyve been warning about that for 2 months now 1gnoirents fucked around with this message at 17:52 on Aug 1, 2017 |
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Aug 1, 2017 15:50
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Ars writeup on the August 1 Bitcoin fork: https://arstechnica.com/tech-policy/2017/08/why-the-bitcoin-network-just-split-in-half-and-why-it-matters/ Sounds like so far, it actually worked how they wanted it to. Before the fork there was BTC, now there is BTC and BCC. The next big hurdle for BTC is probably the hard fork from 1MB blocks to 2MB blocks via the New York Agreement / SegWit2x, currently expected to occur in late November. http://support.exodus.io/knowledge_base/topics/what-exodus-users-need-to-know-about-bip91-segwit2x-bip148-and-hard-forks Currently 89% of the network is signalling support for SegWit2x: https://coin.dance/blocks
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Aug 2, 2017 16:38
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So GPU prices are staying sky high. Ok.
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Aug 3, 2017 02:33
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Surprise Giraffe posted:So GPU prices are staying sky high. Ok. I bought a 1070 for only just over MSRP a few days ago. And Gigabyte must have ramped up supply a bit as they often have a number of models in stock at the lowest price. 10% over MSRP seems to be average which in many stores can be rebuffed somewhat through savvy shopping if you consider sales tax in some places are 8%+ but not every online outlet charges sales tax in every state. And that isn't "sky high", it's just very high relative to the discounted mail-in rebate prices aftermarket brands use to stir demand. Demand is fine. The sky high feeling is still felt strongly on the AMD side, but that's because nobody wants to manufacture a bunch of RX 400/500 boards while Vega is imminent. It's made worse because NVidia basically punted on competing with the 570/580 line, and because those have been hoarded and so expensive there's this huge gap between $150 and $300.
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Aug 3, 2017 02:51
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Craptacular! posted:I bought a 1070 for only just over MSRP a few days ago. And Gigabyte must have ramped up supply a bit as they often have a number of models in stock at the lowest price. I bought a MSI Armor RX 580 8gb for $270 on Newegg like three weeks ago. I sold it thinking the market would tank any moment ;( But Ebay prices are well under $400 now. But in hindsight that might be the best price for a 580 for sometime if things dont change and I was seriously on the fence on keeping as I dont have a card atm.
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Aug 3, 2017 04:55
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Green Gloves posted:I bought a MSI Armor RX 580 8gb for $270 on Newegg like three weeks ago. I sold it thinking the market would tank any moment ;( But Ebay prices are well under $400 now. But in hindsight that might be the best price for a 580 for sometime if things dont change and I was seriously on the fence on keeping as I dont have a card atm. Get out while you can !! Go outside!!! Run!
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Aug 3, 2017 05:16
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Profits on Nicehash aren't bad, made enough today to buy a burrito with guac. I thought I would be resorting to Taco Bell at this point.
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Aug 3, 2017 05:28
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1gnoirents posted:Get out while you can !! Go outside!!! Run! I already ran away a long time ago! Sold it for $420 shipped a few days after I got it.
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Aug 3, 2017 06:29
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