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21  Alternate cryptocurrencies / Mining (Altcoins) / Re: Mining with dumpster GPU's? on: September 06, 2017, 07:12:59 PM
Curious, because I've been digging through my hardware box and I have a mountain of "complete computers" in parts, starting from systems made in the early 2000's.

Does anyone have any experience trying to mine altcoins with true garbage GPU's? The equivalent of something that would be $30-40 now?

I ask because I have access to a warehouse that I don't pay electricity in, so literally anything I mine is pure profit.

I highly doubt anything from the early 2000s is going to work well (if at all, since you do need CUDA or OpenCL support for most GPU miners) for mining. If you have a bunch, I'd sell them, if they really are worth $30-$40. Then you could take that money and trade it for various cryptos, or buy some other cheap cards.

Since you're not paying for power, if you're really intent on mining, you could go for older (but not early-2000s old), power-hungry cards. 7950s, 7970s, 7990s, R9 280/290/295/etc., things of the sort.

I've actually got a few 7870's sitting in there. I'll try to spin those up first.

Any particular cards you'd look at if you weren't worried about cost? I realize the reason the RX 400~ series is sold out is primarily its power efficiency, and again, I couldn't care less. We're running a massive industrial machine, so even if I put in 10 1kw systems, it wouldn't even amount to a fraction of the power used in the building.
22  Other / Off-topic / Re: Should I Go To College ??? on: September 06, 2017, 07:03:54 PM
Do it, the field doesn't matter. I went for a B.S in Chemistry, but most of what I do these days is based around computer science. The concepts you learn in any STEM field are roughly the same, so do whatever you have the strongest connection to. Use what you learn to keep learning.

The aside to that; you're signing yourself up for a lifetime of learning if you move into an intellectual profession. Those 4 years are actually the easiest part. You should be learning things outside of class, and really focusing on trying to find what you love to work on. Avoid the party mentality. You're going to spend too much time on video games and getting intoxicated. It's ok, we all do it, but be aware of it. Realize that every moment you spend learning now is worth 10 moments a decade from now.

The above is what I'd write to myself if I was about to go back in. Take yourself seriously, you're smarter than you think. Put in the work.
23  Alternate cryptocurrencies / Mining (Altcoins) / Mining with dumpster GPU's? on: September 06, 2017, 06:50:43 PM
Curious, because I've been digging through my hardware box and I have a mountain of "complete computers" in parts, starting from systems made in the early 2000's.

Does anyone have any experience trying to mine altcoins with true garbage GPU's? The equivalent of something that would be $30-40 now?

I ask because I have access to a warehouse that I don't pay electricity in, so literally anything I mine is pure profit.
24  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][EAC] EarthCoin *SEEKING NEW EXCHANGES - HUGE VOLUMES BEING MISSED! on: September 06, 2017, 06:31:49 PM
Interesting, I hadn't heard of earthcoin, but it seems they're growing quickly
25  Alternate cryptocurrencies / Mining (Altcoins) / Re: [ANN] FutureBit Moonlander 2: The Most Powerful and Efficient USB Stick Miner! on: September 06, 2017, 04:55:56 PM
Jesus I wish I hadn't missed the initial release of these, I'd love to pick up a set of 5.
26  Economy / Economics / Re: central banks and Bitcoin on: September 06, 2017, 04:45:17 PM
Hey,
I am right now a little bit researching about financial stability and monetary policy.
It seems that monetary policy through a central bank is pretty important for the global financial stability.
For example if there is a financial crisis, central banks try activly to stabilize the financial system.
If Bitcoin would replace fiat money and such a crisis would occur, wouldnt this lead to long term financial instability?



The stability comes from having large stocks of currencies in defined places; banks are simply operating on a different order of magnitude than we are, which means we don't see much of the "global instability" that is actually occurring. World banks basically absorb all the losses and gains on that magnitude, regional banks below that, and we're fighting over the scraps that are too small for them to worry about.

The overall scheme will not change. The medium of the scheme will.
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