I want to invest a few bitcoins this year in a ico and forget about them till late next year.
What options are open to me?
You're better off putting that money in a slot machine. Most ICOs are scams. |
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trex wallet on maintenance, thanks
Yeah, awesome, so I guess Richie read my pm and acted. We're 215 blocks ahead of the fork block and as far I can see everyting's fine and working as intended - at least on my end. Bittrex will probably upgrade in a day or so. So what does the fork do? Link to Github? It's on the last page. It increases the block reward from 0 J to 1 J (after a period of 2 J per block) as otherwise nobody would mine it. |
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trex wallet on maintenance, thanks
Yeah, awesome, so I guess Richie read my pm and acted. We're 215 blocks ahead of the fork block and as far I can see everyting's fine and working as intended - at least on my end. Bittrex will probably upgrade in a day or so. |
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*** PLEASE STOP MINING ***
Bittrex hasn't updated their wallet yet, and if we reach block 630000 before they do, we'll be in trouble.
Thanks!
I'm afraid not everyone is reading this thread and while slowly, but blocks are coming in. Bittrex should disable their J wallet until they upgrade. I've sent a PM to Richie but I'm not sure he'll respond. |
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Hello, I just finished a project I started a few months ago. I created a coin from scratch 100% new code, but I was wondering what is the best way to distribute it fairly.
Even though some of you do not like ICOs I think it is one of the best methods because it prevents false accounts from getting coins like what happens in a free distribution.
I was thinking of doing a small ICO and maybe raise like 10 btc to fund a year of development. What are your thoughts?
Non-ASIC PoW. I forgot to say the coin is 100% proof of stake. That is why I am looking for a fair way to distribute it. PoS by design is bad for distribution. It incentivizes people to hoard the coin and then the rich gets richer. That's pretty much the opposite crypto should aim for. And unlike ICO or PoW, PoS is not an initial distribution method. For initial distribution you would want to target as many people as possible. So having more options of how people can get coins. Ideally that's ICO, PoW (with both CPU/GPU/ASIC algos), bounties, airdrop, signature campaings, etc. Maybe I should only accept accounts that are a couple of months old, and display a list of investors publicly so everyone knows who invested and the amount of coins they hold.
There are dozens of people owning huge amounts of old accounts, as they are quite cheap to buy. |
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Hello, I just finished a project I started a few months ago. I created a coin from scratch 100% new code, but I was wondering what is the best way to distribute it fairly.
Even though some of you do not like ICOs I think it is one of the best methods because it prevents false accounts from getting coins like what happens in a free distribution.
I was thinking of doing a small ICO and maybe raise like 10 btc to fund a year of development. What are your thoughts?
Non-ASIC PoW. |
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The future is Bitcoin Ocho and Ethereum Classic. This is Bitcoin Ocho and it will be the main chain.
How out of touch with reality are you? |
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I checked and there are TONS of huge million $ market caps coins which are going to be released soon.
Only problem... they are POS. You can't mine them. Most coins these days are all going the POS route. POW is slowly dying away.
It's not as much as PoW is dying (especially with cheap renewable energy around the corner) but more new people are getting into crypto and people generally being greedy and lazy, PoS appeals to them. |
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if you really can i'm ready to pay, but no more than 0.05, because if many will use your private it will destroy the coin you know
0.05 is enough for the subscription. Is this one of those instances where you will change the rules mid way and hold the next release hostage until further funds or is it a case of what people read (and expect) is what people get? I get 20 mh with sjs 1070 (oc'ed) with -i 32. 375.95
net is higher now, so your are getting the same profit as the 15mh hahs for the 1070, so it's pointless ot mine
but i see a greater price on those chinese exchange, but you will have problem getting the fund out of there thta's why the price is higher... So is anything that's ever mentioned here... I mean I would love to pay for optimizations in about half a dozen of algos but if I mention them I'm worse off as if I were to just not say anything and I'm way too small of a miner to be able to afford private deals. |
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(blocks <= 10000)nSubsidy = 1 * COIN mine of block;
(blocks <= 20000)nSubsidy = 2 * COIN mine of block;
(blocks <= 30000)nSubsidy = 3 * COIN mine of block;
(blocks <= 40000)nSubsidy = 4 * COIN mine of block;
(blocks <= 50000)nSubsidy = 5 * COIN mine of block;
(blocks <= 60000)nSubsidy = 6 * COIN mine of block;
(blocks <= 70000)nSubsidy = 7 * COIN mine of block;
(blocks <= 80000)nSubsidy = 8 * COIN mine of block;
(blocks <= 90000)nSubsidy = 9 * COIN mine of block;
Last pow block <=500000 = 10 * COIN mine of block
This coins should be renamed to dumpcoin because that scheme just screams of getting dumped. |
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Yeah, sure take financial advice from the guy who somehow manages to bring jews and Marxists into a simple discussion...
I have to go with sui_generis on this one, "Don't buy gold or silver, that's one of the dumbest things you could do".
I'm not saying you can't make money with them but that doesn't mean that's not a dumb idea to invest in long term.
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Power consumption should definitely be the main factor, not the number of cards. I mean efficiency is roughly the same but you could have tons of low power cards (e.g. GTX 750 Ti).
Also, I should expand my mining "enterprise". Too bad power prices for businesses are waaaaay higher than residential prices where I live so it's hard to get a lot of electricity from one location without the power company getting suspicious.
Here is an interesting calculation based off of that idea. Most residential homes in the US come wired for 240v and somewhere around a 150-250 amp breaker panel. This would yield a maximum capacity of 36,000 VA to 60,000 VA, which pretty much equates into watts for sake of this argument. So using 60% of these values, you need 20% for other things in your house, and the other 20% is for the safety overhead (no more than 80% total), a typical house could host 22,000 - 36,000 watts of mining equipment. This would put they survey's medium and lower categories firmly into sizes you can run out of your home, and the larger categories would start to require additional power typically found in more commercial environments. So using watts or GPUs, I think the groupings are still sized appropriately enough for this simple survey. Fucking hell and here I am with a 32 amps breaker on 230v which I almost had to fight for. |
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Cryptonite
Spreadcoin
Monero
Lbry
Steem
Yeah, Spread is really undervalued, but more coins for us I guess. But then again development is very slow on that one. |
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As forato said, if they're not powered on temp doesn't really matter (within reason), but humidity does.
Basically, just don't turn them on until you let them slowly warm up. The temperature might differ but I wouldn't turn on any rig for hard use (e.g. mining) if it has been stored around 10-15°C.
Other than the benefit of heating the house with GPU rigs, the main reason why I don't run my rigs in my garage because while the whole garage would probably be around 20°C even if the outside temp is sub zero, if there's ever a storm or power outage, it would take literally minutes until water condensates on the cards.
Why would this be an issue? Condensation mainly happens when a cold item, such as the cards are brought into a warm humid environment. So if your cards are in garage and running, then the power goes out, the cards will cool off slower than the surrounding air, which is probably not that humid to begin with in the Wintertime. So say they are off for 12-24 hours and the cards are equal with the now cooler garage air temps, then the power comes back on, the cards will heat up before the surrounding air. In both cases the cards should be at or above the surrounding air temperature, never below. I could see to definitely not store them in such an environment, but if they are running it shouldn't be an issue. Winter is probably different, but all I can say from experience is that I have spent hours in the summer during storms with power outages in a thin metal plate garage (where the rigs were) soaking water off the inside of the roof where it was almost dripping in minutes from the condensation. Once the cards started running again (after a slow start, meaning idling for a while before starting mining again) it wasn't an issue of course as they made enough heat for water not to condensate on the walls inside. I am running a significant number of cards this winter in my garage, so I am mainly double checking my logic as I do have concerns if all will go well. I started running them in the garage this past summer because of too much heat in the house, and the worse experience I have had so far was when I left the back garage door open (for venting) and a storm hit with strong winds that practically had the rain coming in horizontally. It rained a bit on one of the rigs about 12' in from the door. Surprising, when my wife asked me if I left the door open because it was raining so hard, I went out and seen the rig was still running although there was visible water on it. I shut it off via the GUI and then unplugged it. I took everything apart and let it dry for a couple of days, as well as used a blow dryer to try and get the deep down moisture. Anyway, I re-assembled it and it ran, but the GPU temperatures were very hot. Upon shutting it down and disassembling the heat-sink, I found the thermal compound had pretty much washed out. So I took all the affected GPUs apart and cleaned/reapplied thermal grease and tried it again. It is running for 6+ months now with no ill effects, but I do suspect it might end-of-life on me quicker than rigs that weren't rained on. So I am not saying moisture or humidity is not a hazard, but I think modern electronics are a bit sturdier than we give them credit for. My bigger concern with running out of the garage in the winter is a blast of super cold air when the garage door is opened on sub-zero days, but so far everything has been working out. In another thread a guy posted that lives in Alaska and claimed he ran his rigs in the garage will no issues, so I am banking on that experience as well. As a fellow miner, thank you for this valuable information. I somewhat suspected water might not be that much of an issue as rain water is barely conductive due to lack of minerals but I'd probably be just as scared of corrosion. I have to wonder though, how much water that poor rig had to endure for most of the thermal paste to wash off. Anyway, arguably I might even go over the top in terms of taking care of my rigs (e.g. max temp is 65-72°C on all cards depending on the model with a maximum of 90% fan speed, plenty of space between them, no BIOS mods or overvolting, just some slight overclock) but I do all that because I built up a reputation of selling used cards in great condition. So far none of them came back out of dozens ( knocks on wood). |
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As forato said, if they're not powered on temp doesn't really matter (within reason), but humidity does.
Basically, just don't turn them on until you let them slowly warm up. The temperature might differ but I wouldn't turn on any rig for hard use (e.g. mining) if it has been stored around 10-15°C.
Other than the benefit of heating the house with GPU rigs, the main reason why I don't run my rigs in my garage because while the whole garage would probably be around 20°C even if the outside temp is sub zero, if there's ever a storm or power outage, it would take literally minutes until water condensates on the cards.
Why would this be an issue? Condensation mainly happens when a cold item, such as the cards are brought into a warm humid environment. So if your cards are in garage and running, then the power goes out, the cards will cool off slower than the surrounding air, which is probably not that humid to begin with in the Wintertime. So say they are off for 12-24 hours and the cards are equal with the now cooler garage air temps, then the power comes back on, the cards will heat up before the surrounding air. In both cases the cards should be at or above the surrounding air temperature, never below. I could see to definitely not store them in such an environment, but if they are running it shouldn't be an issue. Winter is probably different, but all I can say from experience is that I have spent several hours in the summer during storms with power outages in a thin metal plate garage (where the rigs were) soaking water off the inside of the roof where it was almost dripping in minutes from the condensation. Once the cards started running again (after a slow start, meaning idling for a while before starting mining again) it wasn't an issue of course as they made enough heat for water not to condensate on the walls inside. |
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Hey man, sorry to hear that.
Not to sadden you but 6 years is a crazy long time. Especially in crypto where time flies much, much faster. 6 years is basically an eternity in crypto. In fact, as others said, Bitcoin itself might not be around by that time. Personally, I highly doubt that though.
The next BTC reward halving is about 3.5 years away. That should push the price high.
But, even if the price would triple, that's still a pretty shit return for 6 years if you ask me. And while $15k is a nice sum of money, in the perspective of 6 years it's a pretty small amount so I wouldn't go crazy and expect miracles.
Honestly, if I were you, I'd invest that money outside of crypto. I'd probably give it to someone who I trust who has a business and a head on his neck...
And I would definitely not invest in gold/silver, in fact, long term I would avoid them like the plague.
But if I had to invest in crypto, I'd go 100% Bitcoin.
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Many people here including me stopped looking at Announcement section for quite some time. There are just so many coins that are copy/paste scam coins. Real coins that have some potential will attract investors and if they do you will hear about them for sure. Don't waste your time looking at announcements.
I'm still subbed but yeah, can confirm, nothing valuable for miners ever comes out of that section anymore. Just an endless see of copy paste ASIC coins and ICOs for degenerate gamblers. |
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Power consumption should definitely be the main factor, not the number of cards. I mean efficiency is roughly the same but you could have tons of low power cards (e.g. GTX 750 Ti).
Also, I should expand my mining "enterprise". Too bad power prices for businesses are waaaaay higher than residential prices where I live so it's hard to get a lot of electricity from one location without the power company getting suspicious.
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Quoted with 1 click links. Thanks for the compile and everyone who worked on this, especially pallas! |
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As forato said, if they're not powered on temp doesn't really matter (within reason), but humidity does.
Basically, just don't turn them on until you let them slowly warm up. The temperature might differ but I wouldn't turn on any rig for hard use (e.g. mining) if it has been stored around 10-15°C.
Other than the benefit of heating the house with GPU rigs, the main reason why I don't run my rigs in my garage because while the whole garage would probably be around 20°C even if the outside temp is sub zero, if there's ever a storm or power outage, it would take literally minutes until water condensates on the cards.
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