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Oh, and doesn't Nicehash still only deposit to Bitcoin? Woudln't you lose a whole chunk to the BTC processing fee? I thought it was something like $7 or something right now.. or it that only if you need it expedited?
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Dec 21, 2017 22:14
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Zero VGS posted:Oh, and doesn't Nicehash still only deposit to Bitcoin? Woudln't you lose a whole chunk to the BTC processing fee? I thought it was something like $7 or something right now.. or it that only if you need it expedited? Yup. Paying to BTC is both good and bad, depending on what BTC's price is doing. The withdrawl fee is 0.0005BTC, which right now works out to $7.75 or so. Hence why a lot of people were willing to let their earnings chill out in Nicehash's wallets vs paying $7 to withdraw $150 every month or so. Also, for those of you jumping back on the Nicehash bandwaggon and who plan on actually using their computers while mining, I recommend taking a look at the older 1.8.x Legacy client. It properly allows you to set intensity levels of the various miners, meaning you can tune it to only be using 98-99% of your GPU and not lag the gently caress out of the rest of your computer. For whatever reason Nicehash 2.x seems to lack that ability.
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Dec 21, 2017 22:26
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Last time I tried to use the legacy client (a month or so before NH exploded) it didn't want to run on nVidia at all unless you reverted to an ancient driver. Is that still the case? That said I'm not exactly sure what to think about the idea of touching the
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Dec 21, 2017 22:53
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Zero VGS posted:Oh, and doesn't Nicehash still only deposit to Bitcoin? Woudln't you lose a whole chunk to the BTC processing fee? I thought it was something like $7 or something right now.. or it that only if you need it expedited? BTC is hosed right now. https://blockchain.info/unconfirmed-transactions 280k unconfirmed transactions. I tried sending $300 through my exodus wallet and the fee was $95. I think I'll stick with awesomeminor/mining directly with the client or until nicehash offers different payouts coins.
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Dec 21, 2017 23:19
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wolrah posted:Last time I tried to use the legacy client (a month or so before NH exploded) it didn't want to run on nVidia at all unless you reverted to an ancient driver. Is that still the case? I never had this issue. I'm running a single 1080 and have the most recent drivers and have zero issues.
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Dec 21, 2017 23:21
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diapermeat posted:BTC is hosed right now. "Transactions Per Second 3.27" It's almost like it's growth can't be sustained past a certain point... But yeah, once the Nicehash honeymoon honeypots are over, if Winminer can get within 10% or so, I'd probably just go with them for ease of moving my funbux somewhere I can actually spend them.
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Dec 21, 2017 23:22
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DrDork posted:"Transactions Per Second 3.27" I agree, even as im blinded by these daily rates (which so far might actually pan out for today much to my surprise) if Winminer gets pretty close later on, I'll likely switch back. Those payout limits and options are hard to beat, and the web portal is far superior ... when working
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Dec 21, 2017 23:34
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loving around with WinMiner now to see if the userbase switch back to NiceHash is going to do anything for WinMiner $/day. So far it's benchmarking $7.20 CAD/day doing ZEN on a 1080Ti which is better than I was getting on NiceHash pre-hack. Will post more results once it finishes benching.
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Dec 21, 2017 23:39
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diapermeat posted:BTC is hosed right now. Truly a free replacement for fiat edit: $89 to transfer $200 lol https://www.reddit.com/r/Bitcoin/comments/7lc9sn/transaction_taking_forever_with_large_fee/ Don Lapre fucked around with this message at 23:42 on Dec 21, 2017 |
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Dec 21, 2017 23:40
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Don Lapre posted:https://www.reddit.com/r/Bitcoin/comments/7lc9sn/transaction_taking_forever_with_large_fee/ I love the comments beginning to question whether this can be the future of anything.
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Dec 21, 2017 23:48
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Craptacular! posted:I love the comments beginning to question whether this can be the future of anything. Atleast you arn't paying amex 1.9% https://www.reddit.com/r/Bitcoin/comments/7lc2ay/just_been_robbed_by_transaction_fees/ paid £50 for £13.50 in bitcoin lol
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Dec 21, 2017 23:51
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Yeah it sounds like NiceHash is an absolute non-option for anyone small-time, not even considering the scams. How are you gonna get the money out? Wait forever for BTC fees to go down, if ever? The only other way to mitigate the fees it to save up all your BTC on NiceHash's side and we all saw how that worked out, lol. They'll be dead in the water if they don't put in some other poo poo like WinMiner. Edit: Comedy option, NiceHash auto-pays back all the people who were owed ~$150 in BitCoins and transaction fees consume 100% of it. Edit 2: Does BTC let a transaction go through if it costs more than the amount? Like can people spam 1-penny transfers to crash the coin or did they think of that? Zero VGS fucked around with this message at 00:07 on Dec 22, 2017 |
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Dec 22, 2017 00:01
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The Bitcoin network has no sanity for costs. A guy spent 50,000 dollars to transfer 5 dollars because he messed up some fields.
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Dec 22, 2017 00:19
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Yeah you can put whatever you want in transactions. I remember some /r/buttcoin post linking to people doing dumb poo poo like accidentally attaching $3000 in transaction fees to a $20 transaction and whatnot. Meanwhile, Winminer has dropped to $5.50 CAD/day, so what the gently caress are we even doing here
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Dec 22, 2017 00:20
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I ran WinMiner and Nicehash for similar lengths of time. Roughly an hour. In NiceHash, I made 25 cents. In WinMiner, I apparently made a penny. Something about that seems wrong, since the estimates are lower but not 1/25th lower. Even though it's nice to dump the money dirctly into an Amazon gift card, it's simply not accumulating fast enough. I'll just have to mine NiceHash and hope I'll actually see the results someday. (What the hell?) Craptacular! fucked around with this message at 00:28 on Dec 22, 2017 |
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Dec 22, 2017 00:26
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One guy sold his BTC at $15k and bought Bitcash at $9000 lol
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Dec 22, 2017 00:28
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craig588 posted:The Bitcoin network has no sanity for costs. A guy spent 50,000 dollars to transfer 5 dollars because he messed up some fields. Yeah but I'm asking the other way around. If I try to send $0.01 worth of BitCoin to someone else right now, will it actually trigger a transaction and waste the world's time and energy and drive transaction costs up higher, or will the network refuse the transaction because it can't even cover the fee?
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Dec 22, 2017 00:29
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Also someone at work casually walked up to me and was like Hey Zero, you're smart, are you into Cryptocurrency? What do you think of IOTA? It's fee-free and quantum-crack-proof. I'm like dude I don't think anyone knows what is and isn't quantum-crack-proof right now, and don't go anywhere near that poo poo.
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Dec 22, 2017 00:31
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Zero VGS posted:Also someone at work casually walked up to me and was like Hey Zero, you're smart, are you into Cryptocurrency? What do you think of IOTA? It's fee-free and quantum-crack-proof. quote:
Yeah
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Dec 22, 2017 00:38
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Zero VGS posted:Yeah but I'm asking the other way around. If I try to send $0.01 worth of BitCoin to someone else right now, will it actually trigger a transaction and waste the world's time and energy and drive transaction costs up higher, or will the network refuse the transaction because it can't even cover the fee? The amount being transferred and the fee are separate things. You could absolutely send $0.01 worth of BTC if you were willing to pay whatever the going rate for a transaction fee is (~$90?). Why you would do this is another question entirely, but that the network allows it is how you end up with stories of idiots spending thousands to move piddly amounts because they transposed the transfer amount and transaction fee fields. It's not like you say "I want to transfer $100, and $100 disappears from my account" and the network goes "Ok, cool, we're gonna take $90 of that as a fee so your recipient only gets $10." It's more like "I want to transfer $100 and I'm willing to pay a $90 fee to make it happen reasonably fast, so $190 disappears from my account and $100 eventually ends up where I sent it."
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Dec 22, 2017 01:18
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Uh, what is a paper wallet? To the layman like me it sounds like you're getting physical manifestation of digital currency as proof of ownership and sticking it into a wallet from Wal-Mart. I mean the OP basically instructs you to use CoinBase and their iOS app was top of the store for like the past week so it's kind of hard to dismiss the vague smell of elitism in that post but I'll just go ahead and be the guy who asks and gets it out of the way.
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Dec 22, 2017 01:24
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From context, I believe a paper wallet is a real bitcoin wallet, not a balance that some website says it owes you.
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Dec 22, 2017 01:34
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Doesn't that require downloading your own copy of the ginormous blockchain file? I remember one GBS "why Bitcoin sucks" thread talked about how the thing wasn't going to scale as that file became freakin' enormous, and I just assume these sites existed to host and handle it for you.
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Dec 22, 2017 01:37
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Craptacular! posted:Doesn't that require downloading your own copy of the ginormous blockchain file? I remember one GBS "why Bitcoin sucks" thread talked about how the thing wasn't going to scale as that file became freakin' enormous, and I just assume these sites existed to host and handle it for you. it's just the private key and public address associated. you only need to sync the buttchain to view current balances by using a website or wallet software you're trusting those services to use free market maths and to not actually backdoor your key https://pastebin.com/jCDFcESz the only way you handle your bitscoin is by solving the Byzantine generalist problem with a pencil and paper please avoid statist calculators
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Dec 22, 2017 01:55
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I understand the OP dilutes the information required to the basics of push button to make fake money, but good god if you are going to invest, which I really don't want to call it that, in a fake internet currency you should have done even the slightly due diligence with regard to your actual money. The very first link from google https://www.coindesk.com/information/paper-wallet-tutorial/ explains some very basic concepts of what a blockchain wallet is (whether hardware or offline or online/exchange) and the association to a private key. Is it elitism, or aghast before blindly spending money on the currency of the future  This is also after weeks of saying do not buy crypto, it is a gigantic ponzi scheme where only the people that gambled 1-4 years ago are now rich due to sheer luck. Bitcoin FOMO is very real.
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Dec 22, 2017 02:00
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So basically, decentralizing the gently caress out of everything. The Slackware Linux of mining. Got it.Risky Bisquick posted:I understand the OP dilutes the information required to the basics of push button to make fake money, but good god if you are going to invest, which I really don't want to call it that, in a fake internet currency you should have done even the slightly due diligence with regard to your actual money. The very first link from google https://www.coindesk.com/information/paper-wallet-tutorial/ explains some very basic concepts of what a blockchain wallet is (whether hardware or offline or online/exchange) and the association to a private key. Is it elitism, or aghast before blindly spending money on the currency of the future Sure. This thread is a combination of people who are sort of bemused spectators and the occasional person like you who, for whatever reason, decided to dive in and understand everything. There's a subculture here that not everyone's going to get. I'm not saying your attitude toward the fool and his money isn't warranted, it's just hard to interpret if you don't actually want to bank hard on this poo poo and know how that works, and instead just refer to fake money as burritos. Craptacular! fucked around with this message at 02:05 on Dec 22, 2017 |
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Dec 22, 2017 02:01
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Craptacular! posted:Uh, what is a paper wallet? To the layman like me it sounds like you're getting physical manifestation of digital currency as proof of ownership and sticking it into a wallet from Wal-Mart. It is just a print out of your address and private key. You delete all online records, so the only record of your private key is on the piece of paper. Then you lose the piece of paper.
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Dec 22, 2017 02:02
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Risky Bisquick posted:I understand the OP dilutes the information required to the basics of push button to make fake money, but good god if you are going to invest, which I really don't want to call it that, in a fake internet currency you should have done even the slightly due diligence with regard to your actual money. Yeah, this was intended to be the burritos and guac thread but it's kind of turned into the non-shitposting cryptocurrency thread in general. But as always, remember the first line in the OP. If you sink any money into this, you're a goddamned fool and we salute you for providing weeks of much-needed entertainment. Godspeed. Craptacular! posted:I mean the OP basically instructs you to use CoinBase and their iOS app was top of the store for like the past week so it's kind of hard to dismiss the vague smell of elitism in that post but I'll just go ahead and be the guy who asks and gets it out of the way. Cryptononsense changes so frequently that the OP was written barely half a year ago and 90% of it is already out of date. Coinbase just happened to be the least poo poo option at the time. If the least poo poo option has changed since, I'll update the OP.
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Dec 22, 2017 02:11
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Last time we had a massive backlog that cleared the price of buttcoin went up $10000 Fyi 
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Dec 22, 2017 02:12
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That story of a acquaintance of mine aside, I'm considering running 80 extra amps to my garage in January for some deep learning 
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Dec 22, 2017 02:14
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1gnoirents posted:Last time we had a massive backlog that cleared the price of buttcoin went up $10000 same thing happened when ethereum cryptokitties clogged the fintech ssmrt contract network of the future 
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Dec 22, 2017 02:17
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What is the bottom so i can spend all my money?
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Dec 22, 2017 02:34
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Computer Serf posted:same thing happened when ethereum cryptokitties clogged the fintech ssmrt contract network of the future https://www.youtube.com/watch?v=tcGQpjCztgA
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Dec 22, 2017 02:35
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Computer Serf posted:same thing happened when ethereum cryptokitties clogged the fintech ssmrt contract network of the future poo poo you're right I thought that was a joke but thats exactly when etheruem doubled loving digital cats
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Dec 22, 2017 02:54
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1gnoirents posted:poo poo you're right How are you gentlemen
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Dec 22, 2017 03:24
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Don Lapre posted:How are you gentlemen 
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Dec 22, 2017 03:27
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Bitcoin in freefall
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Dec 22, 2017 04:08
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If i were brave and had money id be buying a big chunk
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Dec 22, 2017 04:11
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Buy it on margin
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Dec 22, 2017 04:13
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https://twitter.com/officialmcafee/status/938938539282190337
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Dec 22, 2017 04:23
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