5 Best GPU for Mining Bitcoin BTC Wires

SmartCash - The Business Focused & Community Driven Cryptocurrency

SmartCash is an easy to use, fast, and secure cryptocurrency that can support everyday use such as business payments and daily transactions. SmartCash has a unique decentralized governance system and innovative technologies such as SmartCard and the Point of Sale App. SmartCash is pushing the limits of blockchain technology with tools that support entrepreneurship and innovation.
[link]

Modded witcher 3, blew up my graphics card (gtx 780, 6 months out of warranty). Anyone know what part this is that fell out from my 780 after much smoking (penny for scale)? Labeled 1R0 I think. What is the best current video card replacement during the bitcoin mining price spike?

Modded witcher 3, blew up my graphics card (gtx 780, 6 months out of warranty). Anyone know what part this is that fell out from my 780 after much smoking (penny for scale)? Labeled 1R0 I think. What is the best current video card replacement during the bitcoin mining price spike? submitted by americhemist to pcmasterrace [link] [comments]

My Story of BTC

This is my story of how I derped around during the last BTC bubble, made some dough, and saw my friend pile up a mountain of debt on himself, only to become a millionaire. I hope if you read it there is a moral somewhere, but I'm not so sure there is. (prices are approximate to dates, going back in my memory a bit)
OCT 2011: (BTC $4) (preface)
As an undergrad computer science major I mined a few coins in a cyber security class . It took about 2 months and I think it was around .89 BTC or something like that (Edit: OK so I probably didn't mine this much, but I had access to the computers in the graphics lab and during this time, and they were mining 24/7. We let them run for a while after the class before taking our share out). I think it was worth about $8 at the time. I thought this was really cool, but also remember at that time you couldn't do anything with it, especially where I lived. I just kind of forgot about it, got a new laptop sometime later, and eventually chucked that one with the coins on the hard drive... (it was just $8 and I had no way of spending it remember) oh well so much for those. Who knows how many coins were lost by these standards back in those days. I take in all the maths, graduate with marks, drink all the beer, laugh with friends, fun times.
May 2015: (BTC $234)
Fast forward.. I end up in Los Angeles, CA through another long set of tales. I live with aspiring actors and film makers grinding it out as waiters and bartenders. They are good mates and take me to parties on occasion where we meet all kinds of characters. I end up chatting with a guy (lets call him Bill) who's nuts about BTC. I explain to him that I know all about it, and he is ecstatic to find someone who understands what he is talking about. I haven't been paying much attention the past years, and he shows me how far its come in tech and price. I smack my forehead, knowing I tossed away 8/10ths of a coin (could have been beer money man). We become friends and talk about Bitcoin pretty regularly.
I don't buy initially, but Bill is giving it all he's got, buying left and right with anything extra dollar he can scrape up. He believes in it. I get so worried that Bill is going to loose what he put in that I just buy a bit (.1BTC) so I will be invested enough to watch it, to know if Bill is up or down. You can guess what happens at this point. Up we go. Bill makes money, I make money.
June 2016: (BTC $661)
All is well. I am happy that Bill didn't lose his money and hoping he will take and re-invest his earnings in a more diversified portfolio. I'm worried about the ~$100 I made in earnings, like do I file this? (lol younger me)
I meet with Bill for the first time in a while. I'm excited to share our gains. We both show our gains and cheers. He immediately tells me that he is looking at ways of taking out credit to buy more BTC.... WTF? I say. He quickly proceeds to tell me the banks turned him down, but he found out he can just buy BTC with credit cards... so he is filing 7 applications right now to see how many he can open to buy BTC... I think for a second. I do the rational thing. I try to talk him down, but no way. He's doing it. I don't know much about investment at this point, just math and percentages, but thats enough to make me beg him to not do it.... he doesn't listen.
By my estimates Bill purchased a total of $30K worth of BTC with combined cash and credit on hand at (my best guess) an average price of $589 per BTC. I invest what I have to spare from savings to just keep up with the train wreck I am worried about happening to Bill. I think I have .2 BTC at this point just to keep up with his insane position
August 2016: (BTC $576)
The first dip comes, and Bill is facing credit card bills with interest rates that will kick in soon (he will not be able to make the minimum payments). We discuss is troubles at this point frequently. I suggest he should liquidate and close the cards. He disagrees, and liquidates only a position large enough to pay the minimums and give him a bit of cash. Not only that but he use the cash to secure short term loans at higher interest in order to re-invest to make up the losses. I once again beg him to re-consider, but no... this is his path. I once again invest more to keep up with it, so I can keep up with Bill and his well being. I purchase a good bit more and have .5 BTC
November 2016: (BTC$758)
I move to another city and mostly forget about my interactions with Bill. He messages me a few times about the price going back up and being bullish about it once again. I do the same song and dance of trying to warn him to close his cards and positions to get out while he can. Nope he's holding strong. Nothing to be done. I assume I can't do anything to help this situation. Once the price busts above $900/BTC even I can't say anything. I've made money, he's made bank. I feel happy for him, but once again concerned. I know he is running on margin and don't want him to get sucked in, but I also don't want to weigh in on such a big investment at this point. He texts me about the gains, I mostly just give the thumbs up back, knowing I can't back down at this point, but I don't want to be around him if it fails.
Jun 2017: (BTC $3000)
I have mostly lost touch with Bill because I live in another city. I never sold my BTC though, and I never forgot about him. Around Feb. 2017 I visited LA and saw Bill. I thanked him for making me the money that I held now in BTC. I asked him what he was doing with his stake. As always he was ready for the apocalypse to happen and for his BTC to be the only currency left somehow. He was holding stone cold. I wasn't persuading at this point, hell, I was holding myself.
Dec 2017: (BTC $16000)
While I thought I would never be swept up in the chaos that is BTC... I was. The amount of BTC I hadn't sold (.3BTC) was making even me feel like a genius. I had made so much money off just forgetting about something over months at a time. I often thought about Bill, but I didn't envy, in fact I really hoped he had paid off his credit card debts and was sitting on his fat profit. I watched BTC Youtube channels and debated if we would go to $100K or if this was it. I couldn't take the pressure and sold half my position @ around $16K/BTC
2018-2019 (BTC $20K -> $3.5K) (Epiloge)
In early 2018 price went up to $20k before quickly falling back to 10K. Thankfully I sold the rest of my position on the way down at about the same point as on the way up ($16k). I bought a few back in 2019 but have never really put as much capital back in as I made. As for Bill, well I told you at the beginning. Bill is a millionaire. My best estimates based on my text with him is he cashed out @ around an average of $17k/BTC. Even after taxes, he ended up real nice. I don't know if he was in the run up in 2019 but I must assume he was.
Looking at the market today, I'm not sure this story will repeat itself... maybe it will.
submitted by OkOkay to Bitcoin [link] [comments]

Cryptocurrency Mining Today

Cryptocurrency Mining Today
Mining is one of the key concepts in the crypto world. Everyone who comes into contact with this sphere somehow wonders about the mining of coins. How profitable is mining in 2020, and what are the current trends?
by StealthEX
Crypto mining is a process during which a computer solves mathematical problems, resulting in the release of new blocks of information. This gives its owners a certain amount of coins, which is deposited in the total pot and registered in the public “ledger”, so-called blockchain. Machines in the network are also checking transactions with existing coins, adding this information to the blockchain as well.
As for the issue itself, the most well-known algorithm of mining is Proof-of-Work (PoW), used in the networks of Bitcoin, Litecoin, Ethereum and many others.
During the mining process, the latest transactions are verified and compiled into blocks. It is usually a series of calculations with an iteration of parameters to find a hash with the specified properties. The node which first solves this problem receives a reward. This approach was specifically designed to encourage those who provide the computing power of their mining machines to maintain the network and mine new coins.
It is usually no need for a newcomer to know and understand all the complicated details of the mining process, just how much they can earn with certain equipment and electricity costs.
Everything is designed in such a way that the complexity of calculations is steadily increasing, which then requires a constant increase in the computing power of the network. In 2009-2010, for mining bitcoin, miners only had to download and run the software on their personal computers, but very soon the network became so complicated that even with best PCs with a powerful processor, mining became unprofitable. That’s why miners started to use more effective video cards (graphics processing units or GPUs) and join them in so-called “farms”.
In most systems, the number of coins is determined in advance. Also, many networks are gradually reducing rewards for miners. Such emission restrictions were built into the algorithm to prevent inflation.
Thus, the cost of mining for smaller participants no longer pays off, which makes them turn off their hardware or switch to another coin where they can still make their profit.
In particular, on the evening of May 11, 2020, a halving took place in the bitcoin network, the reward for mining was halved, from 12.5 to 6.25 BTC. In June, the revenue of bitcoin miners decreased by 23%, to the lowest since March 2019.
However, in mid-June, the difficulty of bitcoin mining showed a record growth over the past 2.5 years. Mining the first cryptocurrency has become 15% more difficult. Although, by the beginning of July, the complexity had stabilized. The growing difficulty of mining the first cryptocurrency indicates that new miners have joined its network. Previously, some of them turned off the equipment, as it became less profitable to mine the coin due to a decrease in its cost and halving.
Now the absolute majority of new coins are generated by industrial mining. This is done by large data centers equipped with specialized computers based on the ASIC architecture. ASICs are integrated circuits that were initially optimized for a specific task, namely the mining of cryptocurrencies. They are much more productive than CPUs and video cards, and at the same time consume much less electricity. ASIC computers are the main type of equipment for the industrial production of crypto.
So now, after the halving, BTC coin mining has become even less profitable. For beginners, mining the first cryptocurrency is unlikely to be suitable. It is more often earned by large companies that have all the necessary equipment, access to cheap rental conditions, electricity and maintenance.
Hence newbies are better off starting with mining altcoins. It is even more profitable to work in a pool, that is, together with other miners. This can help to place farms in one place and negotiate a favourable price for electricity, so you can get a small but stable income dux to the total capacity of the pool.
Therefore, it has become much more difficult for regular users who have only non-specialized equipment at their disposal to generate virtual money. However, GPU developers have significantly increased the performance of their devices in recent years, so mining on a video card is still common.
Another important event that changes the situation in the mining sphere will be the hardfork of the Ethereum network with the turn to the Proof-of-Stake algorithm. For now, Ethereum is the most popular altcoin for GPU mining, but Ethereum 2.0 will not require using such powerful equipment, so then it switches to PoS, GPU owners will have to look for alternative coins to mine.
At the moment the most popular altcoins for mining on GPUs are Ethereum (ETH), Ethereum Classic (ETC), Grin (GRIN), Zcoin (XZC), Dogecoin and Ravencoin (RVN). There are actually a lot of mining programs that automatically determine which coin is more profitable to mine at the moment.
In the coming years, the market is waiting for a race of technologies. Manufacturers are investing in finding ways to increase hashing speed and reduce power consumption. Mining pools will play an increasing role. The market will also be affected by applications for mining cryptocurrencies on smartphones that require low computing power, such as Dash or Litecoin.
And remember StealthEX supports more than 250 coins and constantly updating the list, so you can easily swap your crypto haul to more popular altcoins. Our service does not require registration and allows you to remain anonymous. Why don’t you check it out? Just go to StealthEX and follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example ETH to BTC.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins.
Follow us on Medium, Twitter, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [email protected].
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Original article was posted on https://stealthex.io/blog/2020/07/28/mining-today/
submitted by Stealthex_io to StealthEX [link] [comments]

Best budget graphics card?

My girlfriend and I are looking into building her a PC. I'm pretty up to speed on processors, but last time I picked a graphics card it was a 1070 Ti last year when prices were still inflated due to bitcoin mining. What I'm asking is, for 1080p ~120hz gaming, what is the best Nvidia card right now? I have a feeling RTX series is overkill.
submitted by tioamarillo to PcBuild [link] [comments]

New builder looking for some general advice, as well as a few specific points

I am completely new to all of this, but I felt like this quarantine season would be a good a time as any to try this out. Today I read a lot of articles and picked out parts from pcpartpicker with little clue of what I was doing. I just got components that seemed to be highly rated and decently priced. My intentions for this computer is a solid computer that is nice and I can use for a decent number of years. Nothing crazy like mining bitcoin, just general use and gaming. My general price cap is around $1500, but if its worth enough to go over, I can do a smidgeon more. For a little context, this would be the first PC I owned, so setting up ethernet-related stuff is completely foreign to me.

AAAAAANNNYYYways, I have a couple questions for people who are more familiar with builds.
  1. Can one of you lovely people take a look at my parts list and give me a heads up if I'm missing anything major or made some rookie mistake (Besides a keyboard/mouse). The compatibility notes said that I might need a fan mounting adapter; is there somewhere I could find those and how would I know if it is compatible? Or should I just find another fan?
  2. What do I need to set up an ethernet connection besides a wall and an RJ45 cable? Like, what do I connect the cable to in the PC?
  3. Is my computer underpowered/overpowered for what I want it to do? My biggest thing is being able to run games and such smoothly with good FPS and graphics.
  4. Am I allocating my budget well? Like, should I be paying more for my GPU and less for my power supply? Is there some resource/rule of thumb for how expensive each part should be proportional to the others?
Thank you so much for helping me out! Heres the parts I've selected thus far.
[PCPartPicker Part List](https://pcpartpicker.com/list/3TFHTC)

Type|Item|Price
:----|:----|:----
**CPU** | [\*AMD Ryzen 5 3600 3.6 GHz 6-Core Processor](https://pcpartpicker.com/product/9nm323/amd-ryzen-5-3600-36-thz-6-core-processor-100-100000031box) | $166.89 @ Walmart
**CPU Cooler** | [Cooler Master Hyper 212 EVO 82.9 CFM Sleeve Bearing CPU Cooler](https://pcpartpicker.com/product/hmtCmG/cooler-master-cpu-cooler-rr212e20pkr2) | $29.99 @ Newegg
**Motherboard** | [MSI B450 TOMAHAWK MAX ATX AM4 Motherboard](https://pcpartpicker.com/product/jcYQzy/msi-b450-tomahawk-max-atx-am4-motherboard-b450-tomahawk-max) | $114.99 @ Best Buy
**Memory** | [Corsair Vengeance LPX 16 GB (2 x 8 GB) DDR4-3000 CL15 Memory](https://pcpartpicker.com/product/MYH48d/corsair-memory-cmk16gx4m2b3000c15) | $79.98 @ Amazon
**Storage** | [Western Digital Caviar Blue 1 TB 3.5" 7200RPM Internal Hard Drive](https://pcpartpicker.com/product/MwW9TW/western-digital-internal-hard-drive-wd10ezex) | $44.99 @ Adorama
**Video Card** | [Gigabyte GeForce GTX 1050 Ti 4 GB OC Low Profile Video Card](https://pcpartpicker.com/product/Dw4NnQ/gigabyte-geforce-gtx-1050-ti-4gb-oc-low-profile-video-card-gv-n105toc-4gl) | $149.99 @ Newegg
**Case** | [NZXT H440 ATX Mid Tower Case](https://pcpartpicker.com/product/7HkD4D/nzxt-case-cah440ww1) |-
**Power Supply** | [Corsair CXM (2015) 450 W 80+ Bronze Certified Semi-modular ATX Power Supply](https://pcpartpicker.com/product/FQ648d/corsair-power-supply-cp9020101na) | $73.98 @ Newegg
**Operating System** | [Microsoft Windows 10 Home OEM 64-bit](https://pcpartpicker.com/product/wtgPxmicrosoft-os-kw900140) | $109.99 @ B&H
**Monitor** | [Asus VG248QE 24.0" 1920x1080 144 Hz Monitor](https://pcpartpicker.com/product/rkphP6/asus-monitor-vg248qe) | $249.99 @ Best Buy
| *Prices include shipping, taxes, rebates, and discounts* |
| Total (before mail-in rebates) | $1025.79
| Mail-in rebates | -$5.00
| **Total** | **$1020.79**
| \*Lowest price parts chosen from parametric criteria |
| Generated by [PCPartPicker](https://pcpartpicker.com) 2020-06-04 22:51 EDT-0400 |
submitted by Hammerbro_64 to buildapc [link] [comments]

Kepler 2020 LitePaper

Kepler 2020 LitePaper
Kepler is a blockchain privacy platform that aims to release the first ever Confidential Assets on a MimbleWimble Blockchain. Our consensus mechanism is Proof-of-Work. If you’d like to see more, please visit our website: https://kepler.network as well as our documentation site at https://docs.kepler.network
You can check out our LitePaper here: https://keplernetwork.s3.eu-central-1.amazonaws.com/KeplerLitepaper.pdf

https://preview.redd.it/p5wmp6vsvor41.png?width=1000&format=png&auto=webp&s=fb8e87df4d526888b9d2bcb6c9087a3206062e5b

The Kepler LitePaper mentions:

  • Privacy Protection on Blockchain
  • Why Design Kepler
  • What is Kepler
  • Economic Model
  • Future Work
Given the fact that Kepler is a MimbleWimble(MW) blockchain, privacy is one of the most important topics for Kepler, and this goes beyond “simple privacy”.

Let’s begin and explore some of the highlights of the Kepler LitePaper!


https://preview.redd.it/f217l3bvvor41.jpg?width=1000&format=pjpg&auto=webp&s=d05982d779dcf41efe2b32387556285380ec314c

Confidential Transactions (CT)

CT were designed to restore privacy to blockchain transactions, as the LitePaper mentions, Bitcoin transactions aren’t private, they can be traced using publicly-available tools. The goal for CT is to restore privacy to blockchain transactions.

https://preview.redd.it/5dyb52w0wor41.jpg?width=1000&format=pjpg&auto=webp&s=71e06ea76a1cd4dc4d83d1bae469d4eee02858db

Native CT on Kepler MW

Privacy has been a major topic in blockchain technology in the past decade, there’s been several technological approaches towards providing true privacy, without sacrificing scalability and functionality. Over time, there was a loss of interest towards privacy technology on blockchain, that is, until MimbleWimble technology came along. Thanks to MimbleWimble, there is a way to improve privacy without sacrificing functionality, and in the meantime, MW allows for better scalability.
Remember, there are no addresses used in Kepler!

https://preview.redd.it/05ar4u531pr41.png?width=1000&format=png&auto=webp&s=6f49a83cc9e054e3307283d77a45c2245e7477f9

Confidential Assets (CA)

Perhaps one of the most exciting topics in recent blockchain development, it will allow users to create multiple asset types without exposing both the asset type and transaction amount publicly.

https://preview.redd.it/tz8ecgu31pr41.png?width=1000&format=png&auto=webp&s=ac1abc56bc8194e1d781b3ad6409b9bb05ba29c2

Moving towards the future of Privacy

The best way to launch Confidential Assets is on a blockchain built for privacy. Having semi-anonymous backbone infrastructure that cannot scale is not a good starting point for development.

https://preview.redd.it/9eegvc751pr41.png?width=1000&format=png&auto=webp&s=44d929cd9cd73271edca0ef5eb8f3a12ceddbebf

CA already in Testnet

Our development team has been working for months and plans to launch a working test network soon. We will be release development updates regularly, and we encourage feedback.

https://preview.redd.it/yun2dgp61pr41.jpg?width=1000&format=pjpg&auto=webp&s=b1c09e00a1dafb5e4211f2ace7759d2cbfcb1264

WhitePaper coming up soon after the LitePaper

We chose a Proof-of-Work (PoW) consensus mechanism for a variety of reasons. This article could get lengthy if we go into too much detail, but we’ll discuss this a bit.
An ASIC PoW algorithm is fair for miners, even ones who invested in multiple graphics cards. There will always be a coin for them to mine with their hardware. Hashrate rental services even the playing field for everyone. Most individuals cannot mine as cheap as they rent because of electricity costs. Not to mention the upfront cost of the hardware, shipping, customs and other fees like cooling and electrical work. Renters like using these services because they don’t need to trust their mining pool nor do they have to take custody of their coins or pay exchange fees.

https://preview.redd.it/rx9gtiy71pr41.jpg?width=1000&format=pjpg&auto=webp&s=0268c349360ce01c0ad0eb46c6e5ac08c061eedf

Economic Model

Cryptocurrencies are far more divisible than fiat currency. Think of it as a dollar with a million pennies. Finding an economic model that works is something polite society will never stop debating. The trick is to make currency scarce enough so that it has value, but rare enough that so that everyone has access to it.

Social

Medium
Telegram
Discord
Twitter
submitted by keplernetwork to KeplerNetwork [link] [comments]

Mining profitability gaining momentum

Mining profitability gaining momentum
We are back!
For the last 2 years there was not much to shill in mining mining was on the life support. And the profits constantly got decreasing. Start of 2020 Bitcoin and Altcoins are showing great performance in price action. This price action has also increased mining profits in some coins for more then 100% since december 2019. It might be to early to say that “we are back” , as crypto can be so unpredictable. But there is a lot of signs that we have now oversold a lot and value of crypto market is increasing steadily. We might see this pattern continue for good bit of times as BTC halving is coming up in 3 month. Let’s get in straight in. I will choose 3 hardware devices which in my opinion would be the best choice and we will see how profitable they are.
If you are new to mining and you want to know which devices to choose, choose from top market cap coins latest equipment. This will be your safest bet, as the mining profits are much more stable on bigger cap coins then on smaller cap coins. If you are small miner and don’t have large electric bills, you can choose smaller cap coins. They might go up in price lot faster then bigger cap coins in bull market, but be aware they they might dump lot faster. It is high risk high reward type of mining.
If you are really serious about mining, you need to look at cheapest power source possible which would be in 0.05c a kw/h range. It is not 2017 and mining from home wont be profitable at 0.30c a kw/h. Industrial power is possible to achieve 0.05 in many places in the world. If it is not possible in your country , look for the country where it is possible. So all profit calculations done for 0.05c a kw/h
Top mining profitability websites :
  • https://www.asicminervalue.com/ It is great website to see newest ASIC miners and their profitability. Usually the new upcoming mining machines gets listed here. So come and checkout this page every few days/weeks this page if you are serious about mining.

https://preview.redd.it/aut9qgz76df41.png?width=1206&format=png&auto=webp&s=b85486b8b0171c91301c6fa9827bc3795a4ea2b7
  • https://whattomine.com/ Is the best known for GPU/CPU mining profitability. You can choose what ever hardware to use and it will give you the best and most profitable coins to mine. It is very simple to use it. It does have Also asic miner profitability check, but for asics i do prefer asicminervalue,com

https://preview.redd.it/y0xr3dr86df41.png?width=1182&format=png&auto=webp&s=439e7cb67f8becc86f4d97c128504636922939e9
The top and 3 most profitable Crypto currencies to mine in February 2020 , for some people miner pick could be different. The prices changes if you are buying new/used , depending in which part of the world are you. This is my recommended , brand new purchase in Europe.
  • Bitcoin – Most suitable Antminer S17+ . It is one of the efficient Bitcoin miner currently publicly available, alternatives would be M20s miner and Avalon miner 1166. Antminer S17 efficiency is 73TH/s @ 3000watts . Current profitability after you have paid your electric bill is 7.82 usd in 24hours , with ROI achievable in 6-7month. It does seems great, but crypto doesn’t stand still. And has plenty of risks.

https://preview.redd.it/msokirj96df41.png?width=891&format=png&auto=webp&s=7552b4aff2c0df4c25d9a72ecc25dfb4c2510f43
  • Ethereum – Best miner to use is RX5700 graphic cards mining rig. I know there is an ASIC miner available A10, but most of you who are in mining will agree with me, that it is complete junk. It is only slightly more efficient then RX5700 gpu rig in terms of price per hash and watt per hash . But it is 10x more riskier investment in mining rig then buying GPU mining rig. So the efficiency of 12xgpu RX5700 mining rig is 640 mh/s @ 1700watts. Current profitability after you have paid your electric bill is 7.62 usd in 24hours , with ROI achievable in about 20-22 month. Ethereum is one of the underdogs which could perform quite well in 2020 and might reduce your ROI much more faster.

https://preview.redd.it/ajx9eyfc6df41.png?width=894&format=png&auto=webp&s=30442d846a9d70ea3eaac6eaf7c2bdbe476384e4
  • DASH – Lately has been released most efficient DASH miner STU-U6. Asic miners are very risky investment, but sometimes they might be very profitable. The beauty of this miner is that it is quite new model and it is mining profitably DASH , even that DASH is still over 90%down from its all time highs. This miner performance is 420GH/s u/2100 watts. Current profitability after you have paid your electric bill is 8.11 usd in 24hours , with ROI achievable in about 5-6 month.

https://preview.redd.it/l80xnwbd6df41.png?width=902&format=png&auto=webp&s=5620ecf7af742cdcae0ae7010cf910d9131ae801
These would be my to pick miners for start of 2020. There is big risks in any on these miners as no high reward investment is guaranteed anywhere. I’ll have more detailed explanation of the risks of each of these miners in my next post.
Any miner suggestion, what would be your best choice and why?

Video here - https://www.youtube.com/watch?v=QvVYQFJEmnQ&t
submitted by mineshop to gpumining [link] [comments]

A few ways to get started in cryptocurrencies.

There is a lot of cryptocurrency out there to invest in. I’m going to focus on the most promising alt coins to invest in, some new and promising projects, some ways to get free coins, and some ways to mine coins. I’m only giving you methods that I am personally invested in, that I follow, and feel have a promising future. I encourage you to do some reading on your own, and I will add some resources in.
If you are going to get into this space, you are going to need a wallet to hold digital assets. At the same time, you have an opportunity to earn some free crypto currencies. Use the referral link below, and create an account with Coinbase. Coinbase is a secure platform that makes it easy to buy, sell, and store cryptocurrency. You’ll get $10 to buy whatever digital currencies you want.
https://www.coinbase.com/join/haynes_6du
After you sign up go to the home page, and scroll down to the section that reads “Earn free crypto with Coinbase Earn”, and click the button that reads “Earn crypto”. Watch a simple video on each asset to earn. Of these Tezos, Dai, and EOS are coins that have grown in popularity, are great projects and are expected to grow.
When you are ready to move on, use the link below to get signed up at Crypto.com. Crypto.com is the cryptocurrency and payment platform that has a range of products aimed at promoting the adoption of cryptocurrencies on a wider scale. The link below is going to get you $50 in free MCO token. MCO token is the native ERC-20 cryptocurrency token of Crypto.com's payment platform.
https://platinum.crypto.com/daqz2mheff
I highly encourage you to look into staking your free MCO, and reading more into staking through the app. If you click the Crypto.com icon at the bottom of the app, and click the Earn button. You will see the options available to stake; or earn interest, on your MCO token at 4% for a three month term. There are other tokens you can stake, but I’ll leave that to you to read into. You’ll have plenty of time to read about that while your earning 4%. This is the first company to offer a credit card in the crypto space. Having a token backed by a credit card could really drive the price of MCO, which is one reason I am following this one closely.
The next wallet you will need is called Trust Wallet. Trust Wallet is best used for ERC20 tokens, but is great for all other crytpocurrencies. The referral link below will get you some free Trust Wallet Tokens.
https://share.trustwallet.com/Z5ZgFYN
Moving on to interesting projects out there that could grow in the future.
If you have a decent commute, or you drive for a living. Coin App is a great way to earn Coin tokens, and exchange them for either XYO token, Bitcoin, or Ethereum. Coin a Geolocation mining application, so the more you move the more you earn. It does have mini games that can be play to earn if you don’t move much. I will warn you that it is not worth much today. Each XYO token is worth $0.000189 cents. I currently have around 1 million of these coins, and thats only worth $200 USD. But I like the projects and the products the company is working on. I’m hoping that within three years this coin could be worth $5 or more per coin. If this is a project you are interested in, I can send you some additional information on how to take advantage of this. For now, use the referral link below, and you will get 1000 coins for signing up.
https://coin.onelink.me/ePJg/6ea3a953
Another great project that is in early adoption, and costs you nothing to get into is Pi Network.
This is the first digital currency you can mine on your phone. Pi Network allows users to earn PI cryptocurrency from any mobile device. Although this does not seem like a big deal, its growing a lot of attention around the world because its a way for anybody; especially people in third world countries to get into this space. Its still in beta, and is invite only, so you can use the referral link below to join.
https://minepi.com/tpim and use my username (tpim) as your invitation code.

Brave Browser is another great opportunity. In summary, it is an ad blocking browser built upon Google Chrome that allows you to choose who you give ad money to. By viewing the ads presented by Brave, you earn tokens in BAT, and those BAT tokens are auto-contributed to the ads and companies you prefer to tip. Auto-contribute can be turned off, but tipping is the only way the community will grow. As of 4/7/20, Brave Browser gained one million users in a month, token exchanges are adding support for the token, and investors are joining. BAT rewards can be redeemed through Amazon, Apple, Netflix, and more companies to com. Use the referral link below to read more about Brave, and get started.
https://brave.com/ure861
I’m not going into detail about the coins below. But these are a few tokens that I am Invested in, and following because I see promise in their business plan. Basic Attention Token BAT, UniBright UBT, VeChain VET, Ripple XRP, Algorand ALGO, ChainLink LINK, Tezos XTZ; mentioned earlier. Please read up on these, and make your own decision to invest. A resource to look at all the coins out there is https://coinmarketcap.com/. Coin market cap is great resource. Start here https://coinmarketcap.com/intro-to-crypto/, for plenty of information regarding cryptocurrencies.
If you are looking into using some of your computer resources; examples being processors, and or graphic cards, to mine cryptocurrencies, your best way to get started to sign up for an account at NiceHash. They take a little higher cut than getting the individual mining software yourself, but the advantage is their application will benchmark your system, and mine the most profitable coins for you, and pay you in Bitcoin. While you are earning, you can dive more into mining on the internet, and see what coins may be more profitable to you. Not every coin is minable, and not every coin is mined simply for profit. A resource you can use is https://whattomine.com/ which you can use to plug in the specifications of the hardware you have, and get an idea of what you can make based on the hardware you have vs the cost of electricity.
Some words of advice. Never spend more than you are willing to lose in this space. Cryptocurrency is a highly volatile market, and nothing is guaranteed. Bitcoin is king, and the likely hood for any coin to beat it highly unlikely. As for the disclaimer, I am not a financial adviser, and I suggest you read into the resources out there if you are looking to truly get into this space.
submitted by UResrc to NewToCryptocurrencies [link] [comments]

Groestlcoin 6th Anniversary Release

Introduction

Dear Groestlers, it goes without saying that 2020 has been a difficult time for millions of people worldwide. The groestlcoin team would like to take this opportunity to wish everyone our best to everyone coping with the direct and indirect effects of COVID-19. Let it bring out the best in us all and show that collectively, we can conquer anything.
The centralised banks and our national governments are facing unprecedented times with interest rates worldwide dropping to record lows in places. Rest assured that this can only strengthen the fundamentals of all decentralised cryptocurrencies and the vision that was seeded with Satoshi's Bitcoin whitepaper over 10 years ago. Despite everything that has been thrown at us this year, the show must go on and the team will still progress and advance to continue the momentum that we have developed over the past 6 years.
In addition to this, we'd like to remind you all that this is Groestlcoin's 6th Birthday release! In terms of price there have been some crazy highs and lows over the years (with highs of around $2.60 and lows of $0.000077!), but in terms of value– Groestlcoin just keeps getting more valuable! In these uncertain times, one thing remains clear – Groestlcoin will keep going and keep innovating regardless. On with what has been worked on and completed over the past few months.

UPDATED - Groestlcoin Core 2.18.2

This is a major release of Groestlcoin Core with many protocol level improvements and code optimizations, featuring the technical equivalent of Bitcoin v0.18.2 but with Groestlcoin-specific patches. On a general level, most of what is new is a new 'Groestlcoin-wallet' tool which is now distributed alongside Groestlcoin Core's other executables.
NOTE: The 'Account' API has been removed from this version which was typically used in some tip bots. Please ensure you check the release notes from 2.17.2 for details on replacing this functionality.

How to Upgrade?

Windows
If you are running an older version, shut it down. Wait until it has completely shut down (which might take a few minutes for older versions), then run the installer.
OSX
If you are running an older version, shut it down. Wait until it has completely shut down (which might take a few minutes for older versions), run the dmg and drag Groestlcoin Core to Applications.
Ubuntu
http://groestlcoin.org/forum/index.php?topic=441.0

Other Linux

http://groestlcoin.org/forum/index.php?topic=97.0

Download

Download the Windows Installer (64 bit) here
Download the Windows Installer (32 bit) here
Download the Windows binaries (64 bit) here
Download the Windows binaries (32 bit) here
Download the OSX Installer here
Download the OSX binaries here
Download the Linux binaries (64 bit) here
Download the Linux binaries (32 bit) here
Download the ARM Linux binaries (64 bit) here
Download the ARM Linux binaries (32 bit) here

Source

ALL NEW - Groestlcoin Moonshine iOS/Android Wallet

Built with React Native, Moonshine utilizes Electrum-GRS's JSON-RPC methods to interact with the Groestlcoin network.
GRS Moonshine's intended use is as a hot wallet. Meaning, your keys are only as safe as the device you install this wallet on. As with any hot wallet, please ensure that you keep only a small, responsible amount of Groestlcoin on it at any given time.

Features

Download

iOS
Android

Source

ALL NEW! – HODL GRS Android Wallet

HODL GRS connects directly to the Groestlcoin network using SPV mode and doesn't rely on servers that can be hacked or disabled.
HODL GRS utilizes AES hardware encryption, app sandboxing, and the latest security features to protect users from malware, browser security holes, and even physical theft. Private keys are stored only in the secure enclave of the user's phone, inaccessible to anyone other than the user.
Simplicity and ease-of-use is the core design principle of HODL GRS. A simple recovery phrase (which we call a Backup Recovery Key) is all that is needed to restore the user's wallet if they ever lose or replace their device. HODL GRS is deterministic, which means the user's balance and transaction history can be recovered just from the backup recovery key.

Features

Download

Main Release (Main Net)
Testnet Release

Source

ALL NEW! – GroestlcoinSeed Savior

Groestlcoin Seed Savior is a tool for recovering BIP39 seed phrases.
This tool is meant to help users with recovering a slightly incorrect Groestlcoin mnemonic phrase (AKA backup or seed). You can enter an existing BIP39 mnemonic and get derived addresses in various formats.
To find out if one of the suggested addresses is the right one, you can click on the suggested address to check the address' transaction history on a block explorer.

Features

Live Version (Not Recommended)

https://www.groestlcoin.org/recovery/

Download

https://github.com/Groestlcoin/mnemonic-recovery/archive/master.zip

Source

ALL NEW! – Vanity Search Vanity Address Generator

NOTE: NVidia GPU or any CPU only. AMD graphics cards will not work with this address generator.
VanitySearch is a command-line Segwit-capable vanity Groestlcoin address generator. Add unique flair when you tell people to send Groestlcoin. Alternatively, VanitySearch can be used to generate random addresses offline.
If you're tired of the random, cryptic addresses generated by regular groestlcoin clients, then VanitySearch is the right choice for you to create a more personalized address.
VanitySearch is a groestlcoin address prefix finder. If you want to generate safe private keys, use the -s option to enter your passphrase which will be used for generating a base key as for BIP38 standard (VanitySearch.exe -s "My PassPhrase" FXPref). You can also use VanitySearch.exe -ps "My PassPhrase" which will add a crypto secure seed to your passphrase.
VanitySearch may not compute a good grid size for your GPU, so try different values using -g option in order to get the best performances. If you want to use GPUs and CPUs together, you may have best performances by keeping one CPU core for handling GPU(s)/CPU exchanges (use -t option to set the number of CPU threads).

Features

Usage

https://github.com/Groestlcoin/VanitySearch#usage

Download

Source

ALL NEW! – Groestlcoin EasyVanity 2020

Groestlcoin EasyVanity 2020 is a windows app built from the ground-up and makes it easier than ever before to create your very own bespoke bech32 address(es) when whilst not connected to the internet.
If you're tired of the random, cryptic bech32 addresses generated by regular Groestlcoin clients, then Groestlcoin EasyVanity2020 is the right choice for you to create a more personalised bech32 address. This 2020 version uses the new VanitySearch to generate not only legacy addresses (F prefix) but also Bech32 addresses (grs1 prefix).

Features

Download

Source

Remastered! – Groestlcoin WPF Desktop Wallet (v2.19.0.18)

Groestlcoin WPF is an alternative full node client with optional lightweight 'thin-client' mode based on WPF. Windows Presentation Foundation (WPF) is one of Microsoft's latest approaches to a GUI framework, used with the .NET framework. Its main advantages over the original Groestlcoin client include support for exporting blockchain.dat and including a lite wallet mode.
This wallet was previously deprecated but has been brought back to life with modern standards.

Features

Remastered Improvements

Download

Source

ALL NEW! – BIP39 Key Tool

Groestlcoin BIP39 Key Tool is a GUI interface for generating Groestlcoin public and private keys. It is a standalone tool which can be used offline.

Features

Download

Windows
Linux :
 pip3 install -r requirements.txt python3 bip39\_gui.py 

Source

ALL NEW! – Electrum Personal Server

Groestlcoin Electrum Personal Server aims to make using Electrum Groestlcoin wallet more secure and more private. It makes it easy to connect your Electrum-GRS wallet to your own full node.
It is an implementation of the Electrum-grs server protocol which fulfils the specific need of using the Electrum-grs wallet backed by a full node, but without the heavyweight server backend, for a single user. It allows the user to benefit from all Groestlcoin Core's resource-saving features like pruning, blocks only and disabled txindex. All Electrum-GRS's feature-richness like hardware wallet integration, multi-signature wallets, offline signing, seed recovery phrases, coin control and so on can still be used, but connected only to the user's own full node.
Full node wallets are important in Groestlcoin because they are a big part of what makes the system be trust-less. No longer do people have to trust a financial institution like a bank or PayPal, they can run software on their own computers. If Groestlcoin is digital gold, then a full node wallet is your own personal goldsmith who checks for you that received payments are genuine.
Full node wallets are also important for privacy. Using Electrum-GRS under default configuration requires it to send (hashes of) all your Groestlcoin addresses to some server. That server can then easily spy on your transactions. Full node wallets like Groestlcoin Electrum Personal Server would download the entire blockchain and scan it for the user's own addresses, and therefore don't reveal to anyone else which Groestlcoin addresses they are interested in.
Groestlcoin Electrum Personal Server can also broadcast transactions through Tor which improves privacy by resisting traffic analysis for broadcasted transactions which can link the IP address of the user to the transaction. If enabled this would happen transparently whenever the user simply clicks "Send" on a transaction in Electrum-grs wallet.
Note: Currently Groestlcoin Electrum Personal Server can only accept one connection at a time.

Features

Download

Windows
Linux / OSX (Instructions)

Source

UPDATED – Android Wallet 7.38.1 - Main Net + Test Net

The app allows you to send and receive Groestlcoin on your device using QR codes and URI links.
When using this app, please back up your wallet and email them to yourself! This will save your wallet in a password protected file. Then your coins can be retrieved even if you lose your phone.

Changes

Download

Main Net
Main Net (FDroid)
Test Net

Source

UPDATED – Groestlcoin Sentinel 3.5.06 (Android)

Groestlcoin Sentinel is a great solution for anyone who wants the convenience and utility of a hot wallet for receiving payments directly into their cold storage (or hardware wallets).
Sentinel accepts XPUB's, YPUB'S, ZPUB's and individual Groestlcoin address. Once added you will be able to view balances, view transactions, and (in the case of XPUB's, YPUB's and ZPUB's) deterministically generate addresses for that wallet.
Groestlcoin Sentinel is a fork of Groestlcoin Samourai Wallet with all spending and transaction building code removed.

Changes

Download

Source

UPDATED – P2Pool Test Net

Changes

Download

Pre-Hosted Testnet P2Pool is available via http://testp2pool.groestlcoin.org:21330/static/

Source

submitted by Yokomoko_Saleen to groestlcoin [link] [comments]

Mining: Weird Time to Start, a Good Time to Think

Mining: Weird Time to Start, a Good Time to Think
Well, it’s supposed to be an optimistic article about most promising mining cryptos, but then something happened. No one was too naive to believe that the events unfolded around the COVID-19 pandemic will not affect global markets, but the turbulence that occurred was very significant and, what is most sad, it is still very difficult to say how soon the situation will stabilize.
https://preview.redd.it/9xxheofluzp41.png?width=1024&format=png&auto=webp&s=cd8ca033faddf57ea041e82ceadee1037b8587f1
Many people were already bothered that crypto mining is becoming less profitable in 2020 and will be meaningless very soon, but even though big companies having bigger resources took over most of the industry, cryptocurrency mining using video cards remains available to common users and still has potential.
Despite, the volatility of the cryptocurrency market hashrate of the Bitcoin blockchain network yet remains almost at the same level and that is a quite positive sign. At the moment, the most reliable option seems to be to leave mining to large ASIC-farms and return when the stock panic subsides and the prospects will be clearer.
Although Bitcoin is still the most popular cryptocurrency on the market, every year the complexity of operations necessary for its production increases, and rewards fall (after halving in May 2020, we will talk about 6.25 BTC per block). For mining many altcoins, the threshold for entry is much lower, therefore it makes sense to look for a more profitable option among them.
But first, let’s try to understand a little what conditions we need for profitable mining.
There are several crucial aspects that determine how profitable mining will be. These are such obvious things as the price of the currency or the amount of reward for the generated block.
And this is the reason it is now very difficult to calculate the possible income. One way or another, the market price of altcoins depends on the position of bitcoin, which is experiencing bad times. For several months, the world of crypto mining has been preparing for the May halving, because the reduced supply led to a significant increase in prices. This time should not have been an exception, but now when bitcoin does not rise above $5500 and risks falling below $3500, we can only make vague guesses about its potential price in May. Many analysts tend to believe that closer to the middle of April, the negative effect of the crisis should be reduced, and positive expectations from halving and a large amount of cash from investors should have a positive impact on the price of bitcoin. Altcoins, as a rule, repeat the dynamics of the first cryptocurrency and will also continue their growth to historical highs in the year’s future.
Next, you should also pay attention to the complexity of mining because it affects the time and energy spent on generating the block. Do not forget about the cost of electricity in your region, as one extra-large bill can negate all your efforts to earn money on currency mining.
Do not forget about expenses on a mining rig and it’s amortisation.
In addition to the above, you should find out how practical the chosen currency is: whether it can be exchanged for fiat or more popular coins, what fees are charged by exchanges that work with it, and what reputation it has in general.
In order to avoid unpleasant mistakes, it is easier and more reliable to check the possible profit in one of the many calculators.

Best altcoins to mine in 2020

Monero is the currency with the highest anonymity rates, which stays attractive to many users and remains one of the strongest altcoins. The specific proof-of-work hashing algorithm does not allow ASIC-miners, so it is relatively easy to mine using personal computer’s processors and graphics cards. AMD graphic cards are preferable for this task, but NVidia suits as well. The current block reward is 2.47 XMR.
Litecoin is one of the oldest Bitcoin forks, but unlike it uses a different “Script” PoW algorithm which allows less powerful GPUs to mine coins. Litecoin is on the most popular, and successful Bitcoin forks and considered one of the most stable cryptocurrencies. Block mining reward is 12.5 LTC.
Ravencoin is another Bitcoin hardfork, and like Monero’s its X16R algorithm is practically unavailable for ASIC machines. Raven keeps gaining popularity for many reasons – it has faster block time, higher mining reward (5,000 RVN at the moment) and secure messaging system.
Dogecoin is not a joke anymore. Hard to believe, but this currency once made for fun, became one of the most valuable ones. Like Litecoin it uses Scrypt algorithm and great for mining with GPUs.
One more Bitcoin fork Bitcoin Gold was made specifically to kick out ASICs and clear the road for GPUs. It may not be the fastest-growing currency, but it is definitely one of the most stable.
That’s all for today. Stay safe, cause health is our most important asset.
Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [[email protected]](mailto:[email protected])
submitted by Stealthex_io to StealthEX [link] [comments]

Once again I am asking for your assistance. Years ago you helped me build my 1st PC. It is time to upgrade. Included pictures of battle station and other questions.

Hi everyone. My build is starting to show its age. The more I try to do, the more I see its age. at the bottom of the post you can see my current build.
What is your intended use for this build? The more details the better.
If gaming, what kind of performance are you looking for? (Screen resolution, framerate, game settings)
What is your budget (ballpark is okay)?
In what country are you purchasing your parts?
Post a draft of your potential build here (specific parts please). Consider formatting your parts list. Don't ask to be spoonfed a build (read the rules!).
PCPartPicker Part List
Type Item Price
CPU Intel Core i7-9700K 3.6 GHz 8-Core Processor $369.99 @ Best Buy
CPU Cooler Deepcool CASTLE 360EX 64.4 CFM Liquid CPU Cooler $141.99 @ Newegg
Motherboard ASRock Z370 Taichi ATX LGA1151 Motherboard $299.99 @ Amazon
Memory G.Skill Ripjaws V 16 GB (2 x 8 GB) DDR4-3600 Memory $76.99 @ Newegg
Memory G.Skill Ripjaws V 16 GB (2 x 8 GB) DDR4-3600 Memory $76.99 @ Newegg
Storage Samsung 850 EVO-Series 500 GB 2.5" Solid State Drive -
Video Card Gigabyte GeForce RTX 2080 Ti 11 GB WINDFORCE Video Card $1099.99 @ Newegg
Case Fractal Design Define R5 (Black) ATX Mid Tower Case $154.72 @ Amazon
Power Supply EVGA SuperNOVA G2 850 W 80+ Gold Certified Fully Modular ATX Power Supply -
Monitor Asus ROG Strix XG438Q 43.0" 3840x2160 120 Hz Monitor $1099.99 @ Amazon
Prices include shipping, taxes, rebates, and discounts
Total $3320.65
Generated by PCPartPicker 2020-04-15 01:24 EDT-0400
Provide any additional details you wish below.
Here is the computer I got help on years ago on this sub.
PCPartPicker Part List
Type Item Price
CPU Intel Core i5-2500K 3.3 GHz Quad-Core Processor -
Motherboard Asus P8Z68 Deluxe ATX LGA1155 Motherboard -
Memory Kingston HyperX Fury Blue 16 GB (2 x 8 GB) DDR3-1600 Memory -
Storage Samsung 850 EVO-Series 500 GB 2.5" Solid State Drive -
Video Card MSI Radeon RX 480 4 GB GAMING X Video Card -
Case Fractal Design Define R5 (Black) ATX Mid Tower Case $154.72 @ Amazon
Power Supply Thermaltake TR2 600 W 80+ Bronze Certified ATX Power Supply -
Prices include shipping, taxes, rebates, and discounts
Total $154.72
Generated by PCPartPicker 2020-04-15 01:34 EDT-0400
Questions I Have
Thanks for the help!
submitted by joeweezy10 to buildapc [link] [comments]

Are ASICs a real problem for Ethereum miners?

Are ASICs a real problem for Ethereum miners?
ASICs are coming to the Ethereum mining industry, and small independent miners are virtually doomed. 2Ether has come up with a solution — the third element in our dynamic block reward system. But before we explain it, we’ll have to talk about Ethereum ASICs.
If you don’t know that much about Ethereum, you might be surprised to learn that ASICs for mining ETH actually exist. Isn’t Ethereum’s algorithm — Ethash — supposed to be ASIC-resistant? If it isn’t then why is everyone still mining using GPUs?
Well, Ethash is indeed much less ASIC-friendly than the algorithm of Bitcoin. It doesn’t mean that you can’t make ASIC chips for mining ether, though. It’s just that it’s difficult to make ASICs that would be much more efficient than graphic cards (GPUs).
The efficiency of a piece of mining hardware is calculated as a ratio of power (measured in kilowatt hours) to hash power (measured in megahash per second). So for example, if you have two devices that both produce 50 MH/s, but one of them consumes 1 kWh, and the other consumes 2 kWh, then the first device is twice more efficient.
ASICs cost a lot of money to design, and their market price is high. So it only makes sense to buy an ASIC if it gives you a serious advantage over other types of hardware. You should also keep in mind that if the algorithm changes, you’ll need to replace your ASIC with a new model. Such chips are built to carry out one task and one task only — that’s why they are called application-specific integrated circuits (that’s how the acronym is deciphered).
Now, the first ASICs for Ethereum came out in April 2018, and they were more than a curious gadget than a serious rival to GPUs. Vitalik Buterin said that they were not a threat and the best action would be no action.
But the situation changed. Soon, there were ASICs twice as efficient as the best graphic cards. Still, it wasn’t enough to justify the price difference.
Finally, in late September 2019, Chinese manufacturer and distributor of mining hardware Canaan announced that it would start selling a new ASIC that is 5 to 7 times more efficient than the leading GPU models. Its W/MHs ratio is just 0.68–7.5 times better compared to AMD Vega 64 and 5.3 times better than AMD RX570.
What does this mean for Ethereum mining? When such models go on sale, whoever can afford them will be able to extract very high profits. GPU miners will be at a disadvantage. And if you have only a small rig with a couple of GPUs at home, your prospects are grim.
You might ask: can’t Ethereum devs do something — say, change the algorithm? Bitcoin algo changes regularly, after all. Unfortunately, Ethereum works differently, so every algorithm change would require a hard fork — with all the consequences it entails. The devs have been talking about introducing a new consensus protocol called ProgPOW (Programmable Proof of Work). It would make the algorithm change regularly and ensure ASIC resistance. But Vitalik Buterin believes that the real goal is a switch to Proof of Stake, not tweaking PoW.
What other options are there to protect small miners from the upcoming wave of ASICs? In our next post, we’ll explain how 2Ether plans to deal with this problem.

https://2ether.com/
Web site — https://2ether.com/ Twitter — https://twitter.com/2Ether_ Discord — https://discord.gg/TuqG4py Facebook — https://www.facebook.com/2Ethe Reddit — https://www.reddit.com/use2Ether Medium — https://medium.com/@2ether Teletype — https://teletype.in/@2ether Telegram — https://t.me/ether2support Telegram chat — https://t.me/blockchain_2ether
submitted by 2Ether to u/2Ether [link] [comments]

how to make money by selling your daily photos

Making money online isn’t as simple as many think even though there are lots of ways one might do it, such as playing games, mining bitcoins, creating a YouTube channel, or just creating a blog. But the Internet allows much more than these methods, and that is to make money out of your hobbies. Computer builders can advertise their skills and make client builds, graphics specialists can make custom designs and sell them and the list goes on and on.
One hobby is quite common and and the possibility for getting fair compensation is quite high: photography. Be it digital photo manipulation or old school photography, those who have this hobby can sell their photos and make a pretty buck from it. Of course, your photos must be good if you want to sell them.

What types of photos can you sell?

Pretty much any type of digital media can be sold. If you own a quality camera, like a DSLR, you can take artistic photos or stock photos. There is a big market for stock photography, as digital artists use these photos to create others from them. Also, in the same category of stock photography are texture photographs, which can also be done with a high quality camera.
Note: Stock photography requires you to have a DSLR camera, as you need the high resolution provided by these devices. This is especially true for texture photography, where the textures need to be high resolution and high quality.
Artistic photography can also bring you some money, but there are many photographers out there that are very well known and take stunning pictures of all types (portraits, landscapes, nature, sports, macro, etc), and making a name for yourself is pretty hard, but if you are talented, then you will succeed.
Digital compositions can be sold in numerous places and graphics designers have made a living out of creating awesome photos from scratch or from stocks, using specialized software, such as Adobe Photoshop. If you don’t own a powerful camera, and you don’t like going out and searching for the best frame, then this might be the one for you. But keep in mind that programs like Photoshop are very hard to learn, and becoming proficient with them will take months if not years of hard work.

Selling photos online: Q&A

If you are just now starting to think about selling your photos, then you must have lots of questions. Here are a few answers that might interest you in the beginning:
Q: How much money can I make from selling photos? A: It greatly depends on how well your photos are discovered, how many you sell and what percentage of the cost of the photos you receive from the service you use.
Q: How long before I get any payment? A: Again, it depends on how quickly your photos are discovered, how good they are, how affordable they are and of course, on what people need.
Q: Do I have to invest anything? A: In some cases, yes. There are many websites that allow you to upload photos for free, or try a demo of their services, but many require either a one time buy or a regular subscription.
Q: What is the best solution for selling photos online? A: Both ways have their advantages, what it boils down to is the time you plan on investing in this and of course, the budget.

Tips on selling your pictures online

Even though the concept of selling pictures online is pretty straightforward, there are some aspects that you should consider. By following these simple guidelines you will get a head start in your endeavor and make a name for yourself. After all, being known by people is half of the way, and once you make yourself known to the customers, you will have better chances of selling your photos.
Before you start selling your pictures online, you might want to do a little reading on photography and composition, as you will need these skills to later take good pictures. Also, if you are using Adobe Photoshop to compose or edit photos, then look at a few tutorials and learn how to use it.

Where to sell pictures online?

There are two ways to go about selling your pictures online. First off there are websites that allow you to open an account and upload your photos to your gallery. These websites are used by thousands of photographers and customers and offer a simple and effective way to sell photos online.
The other type of websites or services that you can use to sell your photos online is the online portfolio builder, where you use the dedicated tools to create your own website and have your own gallery. This allows users to better customize their pages and have nice looking websites that reflect the type of pictures they want to sell.

Websites to upload and sell your pictures

There are a number of websites where you can sell pictures but keep in mind that you can only sell pictures that belong to you. If you have some awesome pictures that you have taken, these websites will be of help if you wish to sell them and make a profit out of your hobby. This type of websites has some advantages that make them suited for certain users:
Although these websites are simple and free to use, keep in mind that they hold hundreds of thousands of images, and getting yours sold might take a while. Now that you know what these websites can do for you and how to use them, here are some examples of good markets where you can bring your photos to sell them:

Websites to create online personal portfolios

Keep in mind that not only digital copies of your images can be sold. If you have some great shots and some basic Photoshop skills, you can make your own Print on Demand website and sell your photos as greeting cards or paintings. Also, there are a number of services that will allow you to create a portfolio and upload your photos to a hosting server. From these websites, you will be able to sell your photos easily to customers. Here are some of the highlights of these services:
While these services allow anyone to create a professional portfolio, most of them are not free, and sooner or later, users will have to pay a subscription. Also, they will have to do some research on how to run a blog and make it popular if they want their pictures to show up in web searches. If you are interested in such solutions, here are a few to get you started:
These are only a few of the tools that you will use in your pursuit to sell your pictures, as there are many other tools out there that might help you. Remember to do solid research before you commit to a service or a website and try to use well known services that others have used and recommended.

submitted by JV_info to making_money_online [link] [comments]

Curiosity/Motivation/Logic and why stablecoins are the future

From the Prohashing mining pool forums, at https://forums.prohashing.com/viewtopic.php?f=11&t=6428:
-----------------------------

In my last post, I showed why my confidence in there being more than one more bubble is too low to justify remaining heavily invested in cryptocurrencies. In this article I want to expand upon that reasoning by talking a little bit about human factors that lead me to believe that stablecoins pose a great risk to traditional cryptocurrencies.
Defining CML
People differ in a number of ways, and they express all sorts of personality traits. However, in my interactions with people in all areas of life, I've noticed that one characteristic seems to differentiate people more than any other. I'll refer to this characteristic as "CML" throughout the rest of this post, as the best way I was able to describe it is a sequence of curiosity, motivation, and logic. People who exhibit this trait use those three steps to evaluate and act when faced with most situations, while people who do not exhibit this trait fail to do so. An overwhelming majority of people do not possess the "CML" trait and its absence increasingly hinders their abilities to understand and succeed in the world as technology and social structures become increasingly complex.
Here are a few examples of common scenarios people face in life.
When presented with new information or with a decision, high-CML people are curious about how things work. They are motivated to learn more about the topic. They use logic to think through why things are they way they are, and arrive at a logical conclusion based upon the new knowledge they gained by being curious and motivated. In contrast, when low-CML people are presented with new information or a decision, they lack the curiosity and motivation to improve their knowledge, and often do what is most common in society.
You can tell that a person is low-CML if he says phrases like "that's dumb," "you're weird," or "because I don't like it." The response in some forums where I reposted the last post about bubbles and the singularity was met by many low-CML people stating it was "insane" or "delusional." High-CML people but who disapprove of something would instead say "that point is wrong because..." The first phrases demonstrate a lack of thought about the topic, while the last shows that the person spent some time considering the topic, even though they both come to the same conclusion. You can probably picture several people you know who are low-CML, and may know someone who is high-CML.
CML is not related to intelligence, and low-CML people are not dumb. While there are some people who unfortunately have severe disabilities and will never be able to understand most topics, 99% of people can gain enough knowledge of almost any topic to make good decisions if they are willing to spend a little energy on learning about it. Even complex topics, like computer programming, are within reach of most people. While learning how to avoid race conditions in Javascript is a challenge, it's not difficult to understand the difference between a client and a server, how a single core processor differs from a quad-core processor, or that a computer consists of memory and a CPU and a hard drive. Consider how many people spend 12 hours a day looking at their phone screens, but have never bothered to understand what the purpose of graphics processor is.
Low-CML people innately believe that they do not have the ability to learn or think logically. Therefore, they take the easiest way out on almost everything, even though that repeatedly leads to suboptimal outcomes for them. They make the same mistakes over and over, despite the fact that there is almost always a way to put in 5% more effort to get out something that is 50% better.
The world's problems
As technology continues to advance at an ever increasing pace, CML is becoming the core trait that divides humanity. Increasingly, people are becoming divided into two camps - those who understand the basics of how computers work, and those who do not. And the difference between people who understand the basics is not intelligence, education, or age, but whether a person is low-CML or high-CML.
At the core of most of the political issues of today is a battle between low-CML people who believe they are powerless against technological change, and high-CML people who take the time to understand these changes. Trump, Johnson, and (to a lesser extent so far) Le Pen have been effective at rallying people who do not exhibit the curiosity to learn about why the world is the way it is. Their opponents are people who have put careful thought into the issues and come to a reasoned belief.
Unfortunately, the number of people who are motivated to learn new information and remain informed in the world is far lower than the number of people who never examine the reasons why anything is true. One of the reasons why fake news is so prevalent and effective is apparently because many people share articles after having only read the headline. The politicians above recognize this low motivation to read the article and create false soundbytes that they know low-CML people will not take the time to fact-check.
An enormous amount of effort is now being spent on making products inferior to what they used to be to cater to low-CML people. For example, when Windows boots, in 1995 there used to be a list of the drivers being loaded. Then, in 2005 there was a progress bar. Now, there's a spinning or pulsing Windows logo with no information indicating what is happening at all. Even though these changes didn't affect the stability of Windows or the load time in any way, Microsoft hid useful information, probably because a marketing department found that low-CML people had a negative reaction to seeing code they said was "nerdy" or "weird."
How CML relates to cryptocurrencies
Now that you're aware of what CML is, it should be easy to explain why I believe that stablecoins are the first real threat to cryptocurrency.
In a recent conversation, I discussed Purse.io with someone. I had mentioned that my Purse orders were being regularly filled at 33% discounts, and that I had saved about $3000 during the past year by using Purse. I asked why he hadn't used Purse, given that he earned much less than I did and that $3000 to him would be life changing. His response was immediate and typical of a low-CML person: because bitcoins have too much volatility. I explained to him that volatility isn't a factor because you can buy the amount of bitcoin cash you need, send it to Purse, and spend it immediately, all within 10 minutes. The next response was that there were crashes in cryptocurrencies, so I pointed out that while that crashes did occur, it is extremely rare, if ever, that the price of bitcoin cash fell by 33% in 10 minutes - so even if there were a crash, you could still save money.
In the end, that person never did sign up for Purse - and that should be a huge warning flag to everyone. Purse is as close to a "killer app" for cryptocurrency as there ever will be. On bulk trash collection weekends near where I live, there are huge pickup trucks owned by people who supplement their income by driving hundreds of miles around the neighborhoods picking up metal to sell it at a few cents per pound to a scrapyard, costing hundreds of dollars in gas and maintenance to scrape out a miniscule profit. These same people could sign up for Purse and order necessities, like toothpaste and soap, saving more money in an hour than the few bucks they can make (and that's before taxes) in an entire night picking up trash, simply because they think Purse is too complicated.
The enormous discounts on Purse - the maximum of 33% - remain. In any efficient market, one would expect these discounts to decline to be close to what one can achieve by gaming the credit card system, where one can get 5% cash back on Amazon with some cards. The belief that cryptocurrency is too complicated and volatile is so anathema to low-CML people that they are willing to ignore thousands of dollars in savings because they aren't willing to try it and form their own opinions.
Why stablecoins will become dominant
Stablecoins are the exact type of product that appeals to low-CML people, because they are exactly the same thing as government-backed money is. They are just backed by corporations instead. Science fiction has, for 50 years, been predicting what is happening with stablecoins, where eventually corporations gain so much power that they buy entire planets and mine them for minerals. The only difference these authors failed to predict is that instead of employees of the huge corporations spending company scrip, they will be spending cryptocurrencies created by the companies. These stablecoins can be backed by more than one asset across a wide range of classes, such as gold, bitcoins, real estate, and other things, to prevent inflation or deflation better than today's currencies do.
One of the reasons why stablecoins will become dominant is that low-CML people aren't willing to question what money is backed by, as many cryptocurrency enthusiasts do, or learn about economics. They won't care that their money is backed by facebook instead of the United States. As long as it appears to be worth the same amount, that will be fine with them. They won't look into whether facebook actually is in good financial condition to back that promise, just as many people share headlines without even a cursory glance to see whether they have any possibility of being true.
Unbacked cryptocurrencies have turned into a circus. After an entire decade, they still aren't used for everyday purchases, and the volatility in the past week has been more ridiculous than ever. Low-CML people are not motivated to spend a few minutes learning about why these coins are valuable and useful. If they had been motivated, these markets wouldn't be in the absurd state they are in now.
Conclusion
In conclusion, I've had to change my outlook from years ago after realizing that stablecoins are likely to suck up most of the world's money over the next ten years. Unlike bitcoin, they are run by corporations that can make a profit by advertising the coins and getting people to use them. Low-CML people, who are the majority of people in society, follow what they are told without being willing to understand why they are told it. As the incredible Purse discounts show, low-CML people are so unwilling to understand existing coins that they will pay 50% more for some goods, just so they don't have to use bitcoin cash.
The existing cryptocurrencies will still be around, and they will still appreciate greatly in value from what they are worth now. But I now expect their usage to continue to be limited to speculation and trading. If 1% of the world has used bitcoins so far, then I doubt that more than 10% of the population will ever own unpegged coins, despite 100% of people eventually using cryptocurrency. Bitcoin will become an even more valuable currency, but it will not become the dominant currency for everyday use because low-CML people will not take the time to understand it.
If you are trying to predict the future value of bitcoins or litecoins, the most important statistic you should be evaluating is what you believe the percentage of high-CML people in the world is. Since almost all the people reading this article are high-CML (given its length and the uncommon opinions presented), and most high-CML people associate with like people, I think they overestimate the percentage of high-CML people in the world. My belief is that the percentage is less than 10%, which is why stablecoins will dominate and bitcoins are very unlikely to ever meet the seven-figure valuations some users are predicting.
submitted by MattAbrams to BitcoinMarkets [link] [comments]

Video card prices and cryptocurrency mining v.2: electric boogaloo

Six months ago, I put together a post on the impact of cryptocurrency mining on the prices of video cards. The hope was that supply would increase, demand would drop, and prices would return to normal. Unfortunately, prices are on the rise again.
I've therefore updated and rewritten the original post to reflect a situation that affects a large number of the builders on /buildapc.
So, you may have noticed a resurgence in discussion about the current hike in the price of video cards. Or you may have found the price of certain cards (especially, but not limited to, AMD's RX 570/580 and Nvidia's 1060/1070) higher than you expected.
You know, I did. What's going on?
In effect, cryptocurrency mining (the solving of complex mathematical problems that underlies the transactions for a given currency) continues to drive up demand for video cards, both new and used, as people invest in consumer hardware to get involved. Consequently, the availability of cards is low, and prices are high.
With major retailer stock running low, it's hard to get an idea of the inflation at play. As a very general idea, here's a basic rundown of mid-tier recommended retail prices compared to current reseller prices on Amazon:
Card RRP (USD) Amazon
RX 570 4GB ~$179 ~$400+
RX 580 8GB ~$229 ~$500+
GTX 1060 6GB ~$249 ~$400+
GTX 1070 8GB ~$379 ~$600+
GTX 1070 Ti 8GB ~$450 ~$750+
This again? Why now?
Cryptocurrency prices are spiralling, and people are looking to mine whatever they can. Moreover, the nature of new cryptocurrencies encourages the purchase of consumer hardware:
Bitcoin remains the largest of these currencies, but increasing concern about transaction speed and cost has recently led to a rise in alternatives. The most prominent of these is Ethereum.
Ethereum is designed to be resistant to ASICs - chips designed specifically for cryptocurrency mining - which means that potential miners must stick to consumer video cards.
What happens next?
Anyone who can confidently predict the long term fortunes of the cryptocurrency market probably isn't browsing /buildapc threads on the prices of computer hardware.
Still, eventually™ it is intended that Ethereum will switch from a proof of work (i.e. mining) to a proof of stake (based on possession of currency) system. Long story short, this will mean no more video card demand from Ethereum miners.
Unfortunately, there is no fixed date for when the switch is due to occur. Not to mention that this says nothing of other coins that users may try to mine.
What can I do in the meantime?
Further reading (updated):
PC Gamer - Hang onto your graphics cards, as cryptocurrency mining spikes GPUs prices
Tweaktown - Mid/high-end GPU prices to increase because of mining & PUBG
With this in mind, please refrain from creating new discussion threads about the effect of mining on the price of video cards, and include any specific questions as part of build help threads or in the daily simple questions post. Thanks!
submitted by CustardFilled to buildapc [link] [comments]

To build a processing power beast.

Problem: I am running python codes for a few million iterations and my computer can't handle the workload. It ends up crashing and and my CPU and Memory usage are through the roof. (Specs: i5-7200U CPU 2.50 GHz 2.70 GHz, 8G RAM)
Solutions I am thinking: 1) Build a cluster computer from Raspberry Pis but I dont know how to calculate how many Pis (nodes) I need and if this is the best solution. 2) Build a custom computer but I am not sure what specs I need. I am aware that people in bitcoin mining use crazy FLOP rates and I thought I can use a similar product to run my programming project however, I am confused because some use CPU/GPU methods and others use strong graphic cards.
I will only use the new computer system to run my programming codes i.e. no requirements for gaming, movies etc.
I welcome any ideas you might have and would love some help.
submitted by Dr-Maverick to buildapc [link] [comments]

How I turned $3500 into $15000 mining Cryptocurreny during the 2017 boom at 17 years old

First let's start at my first interaction with Bitcoin. Back in 2016, I was trading Minecraft accounts, you could find my story about that in one of my previous post. Long story short, a buyer had offered to buy one of my accounts for a fair amount of Bitcoin. I declined not knowing what that is and not caring.
Fast forward a little over a year, May 2017, I find out that you could actually mine cryptocurrency and profit from it. I talk to my techy uncle about it, he looks into it, decides to build a rig. This was easy for him since he had built computers before. Meanwhile summer, I am currently in New Zealand enjoying a vacation. When I come back, I look for ways to get this thing started. My uncle lives hundreds of miles away from me but luckily my mother knows someone who had mined crypto for a while. His name was CryptoNinja.
Crypto Ninja was a cool guy, he was a security analyst for a contracting firm. Knew lots about computers and programming. This was easy for him to grasp. When I met him, he had 2 rigs, one consisting of 6 1080ti's and the other with 4 1070's. If you don't know what these are, a 1080ti is or was the top of the line mining graphics card that you could get. Best of the best. Each costed about $550 at the time. 1070's market value were around $300-400 which at the time made mining extremely and easily profitable. This guy taught me how to do everything and when I say everything I mean it all. We started off with ordering the parts, He told me which parts were good for what and bad for this. We ordered from all over the place, Amazon, Newegg, and Microcenter. I gathered a list of parts, SSD, HD, GPU, CPU, MOTHERBOARD, RAM, ETC. All totaling out to about 3.5k. I had 6 1080's that I bought for around 500 each. This was the first time I've built a computer. I was a complete noob. He guided me through the process of starting with software, finding a mining pool, starting up your operating system, and taught me how to manage and maintain the mining program, hardware, and external factors. The whole process of ordering/shipping was about a week, building the computer took about 3 days, setting up programs took about a day. After that, boom. I'm running the mining program with a pool on Zcash. A pool is pretty much a group of miners collectively putting their computing force to get more results.
Meanwhile, I'm a senior in High School, bringing my macbook to school everyday to check up on the rig through Remote Desktop after every class. All of this was occuring around Sept. 2017 where BTC was going up up. And I'm talking around 10k. Boy was I racking in a ton of Zcash. Everytime after I'd rack in a good amount, I'd transfer my Zcash directly into my Bittrex account which then I traded for bitcoin and altcoins like OMG, OmiseGO, NEM, ETC. But there was this one time when I got on Bittrex at school and I saw Zcash had mysteriously went up to $400 in 10-15 minutes, the timing had never been better. Guess what I did? Sell all my Zcash yep. Made a good amount of money off of that. Every coin was going up. I continuously made successful trades because prices were going up. I felt like the man. By the time December came around, I had 10k worth of crypto in my exchange account. I know, dumb to keep it in the exchange account but hey I did it. I was the only one mining crypto at my school and people knew me for that but they didn't know how much I made, I joined the investment club. They talked about investing in crypto, what is it? is it safe? they wanted me to speak, i didn't out of fear. They all thought it was a fad. These were traditional stock trader type kids.
It was hard for them to understand the concept but by the time they wanted in it was too late. I already cashed out $12.2k. Bitcoin was like 18k at the time and I needed somewhere else to put my money. I decided to buy a whole new gaming setup. Which costed me around 2.5k and a new desk and cool random stuff for my room which costed a few hundred. I spent a lil more money than I wanted to but it was okay. then it came time to sell my mining rig, Bitcoin was falling. People were freaking out. I was out already. The prices of GPU's multiplied by 2. This was insane. I sold my gpu's on ebay for 3k and gave the rest of parts to either friends and kept RAM for myself. At the time, I was still 17. People would look at my computer and say what is that? Oh Bitcoin? That's Stupid. Welp. Not anymore words.
What am I doing now? Well I invested in some Quantum Computer Stocks, put some back into Crypto, and put some money into OG accounts which I have a whole story on on a previous reddit post. I learned a lot from this and look back smiling.
submitted by knicklol to Entrepreneur [link] [comments]

Has anyone read what ABRA said about Vertcoin?

Feels like an easy read for anyone new (to understand Vertcoin) & it may be a good reminder for the hodlers.
https://www.abra.com/cryptocurrency/vertcoin/
“What is Vertcoin and what is the Vertcoin price?
Vertcoin (VTC) is a cryptocurrency that was created to make mining cryptocurrency accessible to everyone. Vertcoin is similar to litecoin and bitcoin, however, Vertcoin’s consensus algorithm makes mining VTC ASIC-resistant.
Mining on the Bitcoin network started as something that everyone could do; if a person wanted to mine cryptocurrency, all they had to do was turn on their CPU and run a mining client.
However, as more and more people began mining cryptocurrency, the mining difficulty on the Bitcoin network increased, requiring miners to continually upgrade or purchase new mining hardware to keep pace with the network and its mining-meta.
Unfortunately, as mining became more difficult and required modern hardware to stand a chance at solving blocks, many individuals could no longer compete with deep pockets who were able to upgrade, purchase, and build expensive mining rigs, or in some cases, create mining farms consisting of tens of thousands of mining rigs.
As the complexity and competition in cryptocurrency mining increases, there is a concern that mining power (which is critical in keeping distributed, permissionless networks open) will become consolidated and be under the control of only the largest mining operations.
The result would be the kind of centralization and monopolistic network control that cryptocurrencies set out to disrupt in the first place.
That’s where Vertcoin comes in. The Vertcoin blockchain is designed to resist the consolidation of mining power in an effort to stay decentralized and easily minable by pretty standard consumer hardware.
In order to help support the effort to keep mining open and accessible, the vertcoin development community created something called the “one-click miner.” Essentially, the “one-click miner” is downloadable software that works with the graphics card found on a Windows computer.
The price of Vertcoin, like many other cryptocurrencies, has varied widely in its lifetime. The coin first launched in January of 2014 and reached an all-time high in December of 2017 when the price of one vertcoin reached $9.80.
The Vertcoin Network
Other than the features relating to mining, Vertcoin is structurally similar to Bitcoin and Litecoin. Regarding use-cases, vertcoin is a peer-to-peer electronic cash system.
Unlike many of the other altcoins that exist, Vertcoin did not have an ICO, airdrop, or pre-mine. The reason for this is because the team at vertcoin did not want to give any group of individuals an advantage by giving them access to VTC before the general public received access to the coin.
The average block time on the Vertcoin network is 2.5 minutes, and the current block reward is 25 Vertcoin per block (it was initially 50 VTC per block, but the network experienced it’s first halving on December 11, 2017 — the VTC reward halves every 840,000 blocks).
Why Vertcoin?
Mining cryptocurrency has become expensive for many. Even if you own the best mining rig on the market, only running one mining rig is typically is not enough for you to make a profit due to the cost of electricity, the low probability that you have of solving the block, and the fraction of the reward you would receive if you were part of a cryptocurrency mining pool.
The cost of electricity and the mining difficulty only make it possible to profitably mine cryptocurrency if you own a high powered mining rig, are part of a cryptocurrency mining pool, or have a stake in a mining farm — or a combination of all three. For that reason, mining has become an activity that only those with the necessary physical and financial resources can participate in. And since those with more wealth have a better chance at accumulating hash power and solving a block, in some cases, mining has become a somewhat centralized activity where a majority of the hash power dedicated to a network is divided among a handful of entities.
So in an attempt to solve these problems, Vertcoin has a protocol in place that makes it difficult for ASIC miners and mining pools to reap rewards, which gives more people a chance to profitably mine cryptocurrency with GPUs and CPUs.”
submitted by Kayjay4 to vertcoin [link] [comments]

This crusade against ASICs and Bitmain is getting out of hand

I've lost a little faith in /CryptoCurrency after seeing this post on the frontpage along with many of the comments. This post is clearly shilling for Vertcoin and the "You're either with us, or you support them!" mentality doesn't invite meaningful discussion. Giving ultimatums is only going to do harm to the community and turn this into another unproductive argument just like it did with the block size debate. This is not what we need!
I wanted to address a few of the concerns in the aforementioned post.
There's one thing many people don't seem to understand - it is in the miners best interest to keep things decentralized. This is why Bitmain not only uses its miners but also sells them to the general public. Creating an overly centralized network and thus reducing its security would result in a huge decline in its value. Why would Bitmain want to do this considering they have vast amounts of crypto?
We've reached a point were everyone takes the security of the network for granted and doesn't realize that the reason for this security is largely due to ASICs. Changing the PoW algorithm would dramatically reduce the hashing power and security of the network in the short term and leave it vulnerable to attack.
There is also nothing stopping from Bitmain or anyone else from creating an ASIC for the new algorithm. Hard forking every few months to change it would be the only way around this.
There's no such thing as ASIC resistance. There's nothing stopping someone from amassing 1000s of graphics cards and creating mining farms with those. Would everyone be as upset if Nvidia started their own mining farm?
Suggesting moving to PoS for decentralization sake makes no sense. You are simply transferring power from those who invested thousands in R&D and took a massive risk to start developing ASICs to Joe Schmo who forgot about the Bitcoin he bought in 2010. I'd rather trust the rich people who had to work hard than those who got lucky.
I posted this on /CryptoCurrency but I don't meet their karma requirement :( Feel free to repost!
submitted by AroundChicago to btc [link] [comments]

A 14-year-old's experience with Bitcoin

First-time poster here, don’t bully me, apologies for the potentially atrocious formatting :) TL;DR at the end
So in the wake of Bitcoin’s explosive rise in value and media attention, I’ve been encouraged by others to share my experience over the past few years as a miner. Here's my story (it's kinda long, you've been warned)

Humble Beginnings

It all started almost three years ago in the beginning of 2015 when Bitcoin flew under my radar. Looking into it, I admittedly wasn’t drawn in because of the decentralisation or the anonymous payments, I was hooked on the idea that anyone could get their hands on some just by running a program and leaving it to do its own thing. I know, how shallow of me. But the idea of making even a bit of money without ‘any work’ was convincing enough for 11-year-old me to do more digging into the matter.
To my disappointment, I soon found out that the era of mining Bitcoins with a PC’s CPU or GPU was long obsolete and instead it was all ASICs at that point.
So that summer, for my twelfth birthday, I got a little ASIC machine for €60, an Antminer U3. This little thing took up less space than a graphics card but could mine at 60 GH/s. Because, at the time, I didn’t have a controller device that could be kept up and running all day long so it could run the program that mined Bitcoin using the U3, I went ahead and got a Raspberry Pi. After setting up the Pi and installing all the necessary stuff (took an awfully long time), I connected it to AntPool and plugged the U3 in. Two days past and the mining pool sent the first Bitcoin I ever received to my wallet (I was using Blockchain.info). It was just 30 cents worth of BTC but I felt a bit of a rush because I was earning a bit of money through this completely new thing and the idea of that was thrilling.
Let’s back up for a second. I just used the term ‘earning’ as if I was profiting, and naive me 2 years ago was no different. In reality, I was at first oblivious to the fact that I was most likely LOSING money overall because of how much energy that little sucker was taking in. But, I was comforted thinking that using that machine was just a practical way of learning about this modern currency and that the loss of several cents’ worth of energy was acceptable in the name of education and learning.
Fast forward ten months to the wonderful summer of 2016. I had recently turned 13 and the Antminer U3 had been running on and off throughout. Various pauses and breaks in mining would be observed, as I had to manually get everything up and running after frequent breaks in the Internet connection. You’d expect my newly-turned-teenage brain to lose interest in Bitcoin as it does with many other gimmicks, but – even surprising myself – I miraculously didn’t. Good thing I maintained interest thinking about it now, not so good at the time for my parents. Why do I say this? I felt like it was time to get a little upgrade in my hardware.

Getting an upgrade

Days passed with me comparing every ASIC miner I could at that price point. It was then I set my eyes upon the Antminer S7 (same folks who did my U3, nice). I had put it up against a plethora of other miners and I figured the S7 was my best bet; the thing costs only about 10 times that of my U3 but could run at 4.73 TH/s, almost 80 times as powerful. The only problem being its power consumption was at 1300 watts, which would put a massive dent in the electricity bill and eliminate any profit I would make. Fortunately, I had a secret weapon up my sleeve – or rather my mum did. She had rented out an office outside our apartment where she would keep files and paperwork. The office’s electricity bill was a flat rate as far as I’m aware and it ended up being my saving grace because it virtually got rid of the “oh no I’m actually going to be losing money because of how much electricity I’m eating up” factor, making this whole hardware upgrade viable.
After convincing my parents, they finally agreed to shell out the requested amount, with the initial investment being paid back with time. I went to a local Bitcoin vendor and purchased 1 BTC for about $665 in cash (sigh yes, I know. $665 dollars). Shortly after, I used about 0.9 BTC to purchase the Antminer S7 and a 1600W power supply for a grand total of $600. The products would be made and shipped from China so I was definitely in for a wait.
A month passes and the package arrives at last. I connected all the wires from the power supply into the S7 and – with great anticipation – I plugged it into the wall to start its first ever run. And what do you know? An extremely loud and high-pitched whirring sound blasted out from the fans on both the power supply as well as the S7. After killing the thing, I questioned my choices. I couldn’t dare put that thing anywhere near my mum’s office in the event it drive everyone in the building absolutely nuts. I was at a loss. However, I soon recovered from my temporarily debilitated state and got working on a solution.
The first idea that came to my mind: change the fans. The stocks fans were by Evercool and spun at around 3000 RPM. The power supply used a small, robust fan that looked like a cube that must’ve spun at extremely high speeds judging by how high the sound it produced was. I got my parents to give me some more funding so I could acquire the replacement fans and I did. Bust. After installation and testing, none of the fans would work. I managed to configure the S7 to connect to my Antpool account and the machine would manage mining for several minutes running at peak performance but ultimately be automatically cut off because of how hot the machine was getting (I’m talking about 80 degrees Celsius kinda hot in that thing). The fans got refunded and I was back to the drawing board.
After combing through some forum posts and videos, I came across this video and a forum post in which people have their mining rigs placed inside a ventilated, muffled cabinet. Undertaking a project like this would be time-consuming and risky but I had no better ideas so I decided to go through with the idea anyway.
Firstly, I sought out a cabinet with suitable dimensions. I managed to get just what I needed at a second-hand IKEA shop. Great. Secondly, I went ahead and acquired some sound-absorbing acoustic foam from a local provider. Fantastic. Finally I had to get a ventilation system going within the cabinet, otherwise, all the hot air would roast the machine alive in there in a bloody mess. With the help of my dad, we found a pair cabinet fans on the Internet that were close to silent but could circulate the air well enough.
Eventually, all the materials came and, with the help of my parents, put everything together. The process took quite long time and we had a couple hiccups along the way, but we got it done and it came out pretty nice.
The moment of truth came and, to my relief, it ran so much quieter than without the cabinet. It was nowhere near silent but it reduced the noise a great deal. Soon after, I got the thing into the office and set everything up from there. Unfortunately, I was forced to underclock it because you could still hear the machine’s whining from outside the thin office door. Gunning the hashrate down about 25% to 3.7TH/s, I could lower the fan speed without risking the machine burning up. Sure, I wasn’t getting the full potential of the machine but I didn’t complain because electricity was not an issue there and it was still a whole lot better than my U3. With it up and running, I could leave it there, periodically checking to see if it was mining on Antpool.

The aftermath

In the months that followed, I was getting a solid $2.5 worth of BTC on daily basis. Half a year later, May of 2017, I had accumulated a satisfactory $600. I thought, “At this rate, I’d be able to pay my parents’ investment back in a few months” (the total investment came close to $900). Bitcoin had risen to over $1500 so I was already over the moon at that point because of how well everything was going. Little did I know…
I hit 0.5 BTC midway through September this year. The price of BTC had dropped after a sudden rise to $5000, but I couldn’t have asked for more. Although I possessed only half the amount of BTC I paid for the machine, its value was over twice that of the initial investment. I thought BTC would level off at around $4000 but nope.
In the month of October, the price skyrocketed. Since September, I had only mined 0.017 BTC but the value was already over $3000. It was just a matter of selling it, but I decided to hodl. Good thing I did.
As of November 5, I have approximately 0.52 BTC mined in total from my S7, valued at $4000. If I were to sell it right now, I’d have a profit of over $3100. And as for my miner, it’s churning out 0.0006 BTC daily, sounds like nothing but it’s still the equivalent of $5 today and I couldn’t be happier, at least with the miner and Bitcoin.
You remember that $665 for 1 BTC that I mentioned earlier? In hindsight, it would’ve been such a better idea to just keep that one Bitcoin and not do anything with it until today (in the interest of making much more money), as I’d theoretically have upwards of $7000. The idea of that still haunts me sometimes if I dwell on it too long but knowing that I’m in possession of an already hefty amount, the pain of it had numbed slightly. It’s not all doom and gloom for me from the exponential increase in Bitcoin’s value, however. Those first $0.3 payments from my humble little U3 all those years ago now are now the equivalent of over $6 today!
Bitcoin and everything it encompasses has been and still is a journey of discovery and an adventure. Looking back, starting with a modest €60 Antminer U3 to having a sum of Bitcoin equivalent to two extremely high-end gaming rigs (first thing I could think of as a comparison, sorry) has been something I can’t really describe. Through the course of the past few years, I’ve learned more about technology, I’ve unexpectedly gotten insight into economics and business and – of course – I’ve made a lot of money (if I decide to stop hodling that is).
Also, props to my parents for keeping an open mind throughout, I know some parents would be horrified at their kids being involved in something that has been used in some less-than-savoury ways and it's great knowing mine have been supportive all the way.
TL;DR got into Bitcoin mining 3 years ago at age 11 with an Antminer U3 that ran at 60 GH/s, got an Antminer S7 (4.73TH/s) and built a sound-muffling, ventilated cabinet for it. Am sat here today with $3000 profit if I decide to sell right now.
submitted by xx_riptide_xx to Bitcoin [link] [comments]

The BEST GPU for Mining EVER - Radeon VII Mining Review  Hashrates  Profitability  Overclocks Best GPUs for Cryptocurrency Mining Best GPUs for Mining Cryptocurrency 2019 - YouTube Best Graphic Card For Mining Ethereum With Low Power And High Hash Rate IS GPU MINING STILL PROFITABLE? - Mining Adventure Part 1 ...

The fact is that when it comes to choosing the best graphic card for the purpose of mining, the answer can be different depending on the users’ goals and budget. For example, the best GPU for mining Ethereum differs from the best mining GPU for ROI. Additionally, the best GPU for mining Bitcoin has a totally different answer. Best mining GPU 2020: the best graphics cards for mining Bitcoin, Ethereum and more By Matt Hanson , Michelle Rae Uy 18 August 2020 Join the cryptocurrency craze with the best mining GPUs 3. Best Bitcoin mining software CGminer. Pros: Supports GPU/FPGA/ASIC mining, Popular (frequently updated). Cons: Textual interface. Platforms: Windows, Mac, Linux Going strong for many years, CGminer is still one of the most popular GPU/FPGA/ASIC mining software available. CGminer is a command line application written in C. It’s also cross platform, meaning you can use it with Windows ... Although an ASIC can be built to provide optimal hashrates on an algorithm, the Graphics Processing Unit (GPU) is much more powerful than the CPU, and more flexible than an ASIC in their application. The GPU is the chip that enables graphics cards (often called GPUs for brevity in mining circles) to perform millions of repetitive calculations ... Best Mining Graphics Card 2020. The market is flooded with options of GPU but many are designed for gaming and video editing purpose only. Here is the list of best GPU for bitcoin mining. 1. AMD Radeon VII

[index] [14104] [706] [8135] [13507] [3115] [11891] [3418] [4981] [1027] [12778]

The BEST GPU for Mining EVER - Radeon VII Mining Review Hashrates Profitability Overclocks

In this video, we revealed the Best GPUs for Mining Cryptocurrency in 2019. -----... bitcoin ethereum miniing krne ke liye best graphic card??? my contact no for buying mining rigs 9284282249..... graphic card for mining best mining card sabse acha mining card mining rig indian ... Graphics card stock has long been tapped out due to cryptocurrency miners, but does what they're doing make any sense? Let's find out. Sign up for Crunchyrol... The Radeon VII has the most impressive hashrates we have ever seen mining with a single GPU thanks to its 16gb of HBM2 VRAM. Today we will go through what makes the Radeon 7 the most powerful GPU... In this episode of Crypto Miner Tips, I go over the best GPUs to use for mining cryptocurrency currently. Despite mining profits being subpar now is the best...

http://forex-thai.hofsforralifanc.tk