I'm mining BURST fine on my laptop (as previously mentioned) with two added external hard drives. Cost to mine is essential the cost to have your laptop on. Again you're mining with free HDD space, it's not huge power consumption that burns out your computer.
3 months I've mined about 70,000 coin. Not getting rich through mining but it's a cool way to participate and get involved in the BURST community (and mining in general).
How many TB's of capacity are you mining with? |
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Hi,
i have some shitcoins on Yobit.
RCoin and LIR. I cant find the windows Wallet for these coins. Anybody can create a new wallet or has got a backup?
Wanna pay some coins for help.
THX
You're asking to get hacked with a fake wallet with malware. Google instead; RCoin: https://rcoineu.com/ (near the bottom of the page) LIR: https://bitcointalk.org/index.php?topic=1511021.0 |
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@iamnotback
I didn't say you were stupid, that statement was. It wasn't personal. Not to restart our conversation but in such a chaos scenario, if anything, bitcoin would become golden (depending on the scale of the chaos) and possibly part of the solution (wishful thinking) but I'd highly doubt miner's electricity prices and the security of the network would be a major issue.
I'm certainly don't feel like I'm moving the goal posts; you were arguing against PoW while I tried to defend it with a few points, one being the advancements in renewable energy is also increasingly beneficial to PoW.
If anything, I think you're muddying the water with a lot of assumptions, politics and just general ego.
Anyway, we'll see what your big thing will be and I'll leave it at that.
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at the time of the first bitcoin the level of difficulty was low and mining could be done with personal computers. can i do altcoin mining with my laptop? if yes, which altcoin do you recommend?
You can but it depends what your goal is. If you want to earn money you should definitely not do it. Laptops are very weak in comparison to GPUs and especially ASICs and they're not designed to be stressed 0-24h mainly because of the poor cooling solutions used in them. |
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And we're also practically flying towards cheap renewable energy so PoW in general becomes less of an issue every day.
Now you've totally ruined your credibility. I suggest you get an education in Economics before you try to challenge me: http://www.truthcoin.info/blog/pow-cheapest/The security of PoW is the amount spent on energy. If energy gets cheaper, then the hashrate will increase so that the total amount spent remains the same. I think the security of PoW is more about the total cost of the network - heavily discounted by centralization of the miners - and not just energy. Universally cheap electricity would definitely make mining more accessible and less of a problem in general (eg. environmental concerns, miner centralization) and definitely not make it any less secure. I mean miner centralization is party there because not everyone has access to cheap electricity and it's not like the biggest farms doesn't already work with dirt cheap electricity anyway, because they do. With cheap renewable electricity the importance of geological location or having to have ties to obtain cheap electricity would be a thing of the past and almost all the investments would go into ASICs potentially allowing more people to start mining. More miners = less centralization and renewable electricity = less environmental concerns so I stand by what I said. Not sure why the hostility and quick judgement though. |
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Proof-of-work coins such as Bitcoin, Monero, and Zcash will lose all their security in the coming crisis, because miners won't be able to exchange BTC for fiat to pay their electricity.
Considering how stupid that statement is, I highly doubt the answer is yes. I was referring to Jim Rickards' prediction that the elite will shut down the financial system for a period of time. I am saying that if that period of time is of sufficient duration that BTC can't be exchanged for fiat to pay for electricity, then mining farms have to shut down. If the world is in such a chaos that the entire world financial system can be shut down and no one can move any fiat for some period of time, then proof-of-work miners can also be affected because they have bills to pay. Whereas, a proof-of-stake system would not be so affected because it doesn't require consumption of an external resource. We might argue that such chaos would also shut down the entire Internet, but I tend to think the Internet is much more global, resilient and diverse than a few mining farms in China. So please enlighten us as to which of us is stupid? bathrobehero, are you challenging me to an intellectual contest? Do you really think you can challenge me intellectually? I'm not challenging you to anything but that statement was stupid. If the financial system would magically shut down, don't you think crypto would be much more appreciated? Sure, some hobby miners would stop and the difficulty might drop some but the majority of mining would definitely not stop at all. With current prices and assuming all miners sell as soon as they can it costs just over 2 million USD per day to "run" the network (which also includes miner's profit). On a global scale even in a chaos scenario where miners couldn't sell off easily, I don't think that's much especially since it would help the financial situation greatly. Not to mention there were presumably long streches of time where miners mined speculatively because current prices were unfavorable. I have no doubt serious miners could weather some pretty long storms. And we're also practically flying towards cheap renewable energy so PoW in general becomes less of an issue every day. |
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It was almost always the case; when BTC went up some then alts went down, but when BTC went up by a LOT then it brought the alts with it.
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Some miners don't mind running their PSUs close to their cap but that's not recommended, not even on top tier models.
I generally leave a 15-20% margin and rather lower the power target of the cards if necessary.
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Cloud mining services are bigger scams than ICOs.
Basically their offer has a 21 day ROI. People would have to be ridiculously greedy/dumb to believe someone would sell such a profitable opportunity instead of keeping for themselves.
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Proof-of-work coins such as Bitcoin, Monero, and Zcash will lose all their security in the coming crisis, because miners won't be able to exchange BTC for fiat to pay their electricity.
Considering how stupid that statement is, I highly doubt the answer is yes. |
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- 20% premine
- PoW block time 360 sec
Come on man, it's 2017, get real. |
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I stake 200k LEOcoin and receive 20% year! Approx 55 aday so every 10 days i sale for btc on livecoin.net or dabtc.com china exchange!
And LEO went down ~36% in the last 30 days. And it's LEO...... This is why I don't get staking. Time in crypto flies at the speed of light. Coins generally move more in price within a single day than the usual annual stake reward. You would have to go out of your way to find similarly high risk low reward "investments". |
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15% fee is basically screaming to get hacked. The higher you go, the sooner the fee will be neutered.
PS: Jim Jeffries is one of my favourites along with Louis CK, Doug Stanhope, Lewis Black, Joe Rogan and Bill Burr.
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Is dash still a thing? Worth investing?
What a nice juxtaposition. If you're contemplating on investing in a coin you're surprised still exist, then maybe it's not a good idea (for you). Anyway, HNY. |
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Algo is SHA256 and there will be an ICO for 4 million coins and they'll even keep an additional 1 million.
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OP, because sorry to say, but you're both a noob and a gambler.
Bittrex is not a gatekeeper of what currencies they should add and keep, nor should they be. They are a simple tool for cross blokchain transactions - that's all what they are, and should remain to be, without prejudice.
I'm not a trader, but even I know that whenever there's a noteworthy BTC rally/pump then every single alt will go way down in relation to BTC, and if you don't see that, well then, let's just say you'd be better off with "investing" into lottery or slotmachines or ICO coins...
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MoneroMRX
If all the monerotards would have spent their money on buying more XMR instead of obvious childish shilling attemps like this one, their marketcap might be way higher. And from all the shitcoins, there's no way XMR will be dominant in '17. Thing is, not even BTC hit mainstream levels which begs the question why would anyone new to crypto would care for a shady anon coin? Because let's face it, the only thing going for XMR is anonimity, but everything else is utter shit. |
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Usually that means the miners aren't very well optimized so the cards are not utilized completely, causing the low temps.
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