Right now we have 5800 nodes worldwide, how many nodes we need more?
How it would help if we would have at least a million nodes?
Nodes dont help with decentralization so long as mining is centralized, so we dont need more nodes. We need more distributed mining. as long as they are not fake node, for sybil attack they does help otherwise not they are dangerous, you can always check carefully the node that tell the true but it's still possible to perfom it |
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at that point isn't better for them to just attack the network with 51%? i see no sense here
A 51% attack is a once-off basically. If you do it successfully, the users will simply swap to a different mining algorithm which will render all of the attacker's expensive hardware worthless, so you had better make bank. Looking for less disruptive, sustainable ways to earn extra is therefore more sensible. That said, this particular "attack" is pointless for the reasons I mentioned above. how can users simply swap to a different algorithm when it require an hard fork, and there will be never a consensu for this? if the 51% of nthe net decide for a 51% and the remaining not, i doubt those 49% are going to agree to lose all their asic sha256 for a new algorithm The 49% cannot use their SHA256 ASICs in that scenario anyway, because of the 51% using theirs to attack. A 51% attacker won't just fork the chain for 1 block and then retire to their lair, cackling like Dr Evil, they will continue to fork ANY chain using the same hashing algo, meaning all ASICs for that hash algo are written off for all except the attacker. it make sense, but you can't simply rebuild a peta farm in few days out of thin air, where are all the money to invest in it? you think the network would remian unoperative for months because they need to build new asic for a new algorithm, which will be in any case susceptible to another 51%(by gpu if not asic) because the total hash would be very low.... at that point isn't better for them to just attack the network with 51%? i see no sense here
A 51% attack is a once-off basically. If you do it successfully, the users will simply swap to a different mining algorithm which will render all of the attacker's expensive hardware worthless, so you had better make bank. Looking for less disruptive, sustainable ways to earn extra is therefore more sensible. That said, this particular "attack" is pointless for the reasons I mentioned above. how can users simply swap to a different algorithm when it require an hard fork, and there will be never a consensu for this? if the 51% of nthe net decide for a 51% and the remaining not, i doubt those 49% are going to agree to lose all their asic sha256 for a new algorithm If someone pulls off a successful 51% attack, it means the network is vulnerable to a 51% attack. That means the coins are going to be worthless... for everyone. Of course there will be consensus for a mining algorithm hard fork. Even if there wasn't consensus, there will be a contentious hard fork, and the fork which can be 51% attacked over and over again is going to be worthless. the coins will not be worthless immediately, you think all the investors that bough at this range, would dump everything in no time and losing their investment? the reversed tansaction coins would be dumped but it's not a huge loss actually, he can't create a dumping more dangerous than those hackers in the past who stoled hundred of thousand of bitcoin |
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What would be the best way to fix this?
the core developers have to focus more on faster transaction and low fees. When the fees in transaction is going high , it is huge loss. And even if someone goes for low fees as if his transaction would never be confirmed at this situation. this enterely depdn on miners, it doesn't matter what dev want to do if there is no consensus for anything, nothing will change, miners love this situation, they get extra bitcoin for every block with 30-40k satoshi average per tx Wut?
I don't make a lot of Bitcoin transactions (it's ridiculous to think it's well suited for mundane, daily purchases) but I made a few during the peak of this latest transaction spam. Every single one was confirmed in the next block and I used the same fee I was using since 2011.
This uproar is either bullshit from people who have an agenda or flailing from morons who think taking up a bunch of block space by combining tons of their ridiculous sig spam earnings so they can buy a coffee while not paying the miners for securing the network should have as much priority as high value, single input transactions with healthy fees. Give it a rest already.
L2Bitcoin...
you were just lucky because using 10k satoshi as a fee now would make your transaction going directly in the queue, you won't get any confirmation if not after many hours, this is more ture now with this spam or flooding or whatever it is |
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These will put an end to miners' hegemony and mayhem in respect to which transactions should be included into the blockchain and at which price (i.e. fee).
Wut? The fee market is working perfectly. I pay more, I get a confirmation ahead of those who pay less. I pay less, I wait in line behind those who have paid more. Oh my, the mayhem of getting what I pay for! which isn't ideal at all, it will only start a race where who pay more get confirmation quickly, and this is exactly the reaosn why the fee are increasing, not because of spamming or miners wanting them bigger TX fee should have been a fixed rate, there should be a way to ignore the added sum from imput and output, maybe it's doable maybe not, but it would definitely get rid of a lot of problems |
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SPMOD LBRY is giving me 300MH/s. You guys and your super tight. TDPs aren't going to get normal hashing numbers. It still surprises me some of you don't associate turning down the TDP with performance. Equihash is a niche case, you can't strangle the GPU for other algos normally. a 1070 is currently making $1 a day net, cost is included, this is 1 year roi without resale, resale is still very high on these gpu, 80% guaranteed
it's better than leaving your bitcoin doing nothing, this unless bitcoin go much higher after your purchase, that would be a bad luck
actually roi is always far less than the inestement of the gpu, even in the worst case you are still looking at 50% resale value, this mean that roi is 6 months in reality
i've always sold back my gpu without problem on private forum, gamers love used big gpu, i don't care about roi, because i switch immediately to the new gen cards which are more efficency, i never stay forever with the same gpu
Resale only matters at the end of the life of the GPU. I still have some 970s because they're still profitable. Even though they have good 'resale', they aren't worth anywhere close to what they use to be worth and it pays for me to keep them over selling them off. ROI matters to everyone. That's the time at which you start earning money back on your investment. That doesn't change even with resale value. So in 2-3 years when Nvidia releases then 2070 that replaces the 1070, you'll sell them off as you say, but you've still reached ROI and you still sell them for much less then they're worth right now. If you never reach ROI (because you don't care as you say) then you've never made any money and basically mining is pointless. Yeah, yeah... I'm sure you've sold them in a backroom somewhere for 400% their initial value, that STILL doesn't matter. That's not the way businesses work. You can't have a constant stock that doesn't earn you money. That doesn't even make sense. Resale is just for recouping part of your costs. It's not something you do constantly. @bensam1231
You should know by now that mainstream coins rarely ever pay the most.
We've had this discussion... Matter of a fact that's where my SIB rage came from, however, there is only so many coins that can support more then a handful of people or GPUs. i mainly resale to switch to a better gpu and better efficiency, it doesn't make sense to me to keep mining with the same gpu when or if roi is reached you can believe what you want but i've always sold them easily for at least 50-80%, with second hand stuff it's even better if in your example nvidia release the 2070 after 1-2 year(usually this is the time frame not 2-3 years), i would sell the 1070 for 50-80%, like i did with the 970 after i bought them in 2014 and easily managed to sold them for 50% at least after two years, plus roi would be already done and if it isn't done, with 50% of the value back you still managed to return all the money back(unless you're telling me that a gpu can't reach 50% of its roi in 1-2 years which is false), and in fact i didn't lose anything in any investment i did in crypto, actually i made money |
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i can't sync anymore this thing, someone has the new wallet compiled for windows?
can you share the blockchain?
Yes, of course. i upload blockchain snapshot to mega and.. I do not know how to make a download link))
teach me please
understood ! https://mega.nz/#!ylEEBQaC!lxuyr7KMaPkOwLS7jgs1w6rDpk5UoAhK7XC7SCqLeCE work good, tnx, still i can't deposit on btc38 no wallet, generation, it remain in loading forever... |
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i can't sync anymore this thing, someone has the new wallet compiled for windows? My wallet was successfully synchronized!
and it came to my yesterday translation - 10 XCN from BTER.
19 active connections.
Bravo !
everything is working !
can you share the blockchain? |
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6x1070 rig - TDP 112w (60% for me) - OC +185/-500 Tpruvot ccminer 1.8.4 1745 MH/s LBRY sp-mod #5 ~1770 MH/s (+1.5%) so basically the boost get eaten up by the fee  Also seeing something weird when on yiimp, miner crash each time the pool ask stats. my result are different, i get 1600 with 1.8.4 and 150 core, but 1655 with sp mod, 3% faster How much TDP (nvidia smi reading) do you use ? intensity ? I redid some more test with 60/66/70/80% TDP, a wide range of intensity (19 to 24) overall about the same between ~1.5-1.8% increase versus ccminer 1.8.4 it's strange but i use the default one |
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without an exchange this coin will be forgotten soon, i think it was better to make an OTC thread to vitalize this at least
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Any exchange ?
no but i'm selling 50k if you want to buy |
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6x1070 rig - TDP 112w (60% for me) - OC +185/-500 Tpruvot ccminer 1.8.4 1745 MH/s LBRY sp-mod #5 ~1770 MH/s (+1.5%) so basically the boost get eaten up by the fee Also seeing something weird when on yiimp, miner crash each time the pool ask stats. my result are different, i get 1600 with 1.8.4 and 150 core, but 1655 with sp mod, 3% faster |
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Next algo up SPreadcoin sp-mod #10 (pascal mod)
good what speed you reached? now a 1070 can do 8MH I need a few hours. I think 10MHASH is possible. wow 10MH that's 25% faster |
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Next algo up SPreadcoin sp-mod #10 (pascal mod)
good what speed you reached? now a 1070 can do 8MH |
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a 1070 is currently making $1 a day net, cost is included, this is 1 year roi without resale, resale is still very high on these gpu, 80% guaranteed
it's better than leaving your bitcoin doing nothing, this unless bitcoin go much higher after your purchase, that would be a bad luck
actually roi is always far less than the inestement of the gpu, even in the worst case you are still looking at 50% resale value, this mean that roi is 6 months in reality
i've always sold back my gpu without problem on private forum, gamers love used big gpu, i don't care about roi, because i switch immediately to the new gen cards which are more efficency, i never stay forever with the same gpu
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Use ccminer: gtx1070 - 640H/s, gtx970 - 480H/s.
I do not know whether this is a good hashrate or need better miner.
700 h with 1070, 500 mem core 150 |
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Hi, anybody knows how to connect these miners and max how much pieces can be connected?? How to do it?? I found only 2 videos about preliminary settings. Nothing else on the web. https://youtu.be/DjAOvdn7PewWaiting 7 pcs. Arriving on tuesday. Do you think I can connect all 7?? buy a 1500watt psu connected them with pcie 8 pin and you're done I will have a server psu 2200w so no problem. I would like to setup, configure and manage them at once not separately. Also do not want to use 7 LAN cables and 1 extra switch. well they must be connected in some way to the web, how can you do it without 7 cable? impossible |
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Help me decide guys...
2x GTX 1060 3gb $388 ($194 each) or
1x GTX 1070 $389
my budget is $390. only
which is the best investment for mining?
Thanks
whats you electricity cost?? 2x1060 faster more power.. 1x1070 slower more efficient hmmmm.  taking out the electricity cost... so 2x1060 is more likely to generate more cryptocurrency? expecially ZCash? yeah it's better, you can get 280 with one toal 560 sol vs 450 sol for a 1070 |
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Hi, anybody knows how to connect these miners and max how much pieces can be connected?? How to do it?? I found only 2 videos about preliminary settings. Nothing else on the web. https://youtu.be/DjAOvdn7PewWaiting 7 pcs. Arriving on tuesday. Do you think I can connect all 7?? buy a 1500watt psu connected them with pcie 8 pin and you're done |
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someone have a comparison between the 1060 3gb and the 6g version? is the 6gb version 10% faster on all algo?
Hi I tested it, in Zcash is 8% faster the 6GB version, not worth it, i finally buy 3gb g1 versions, but they are less power efficient than the 1070, but at half the cost, they produce about 50 more two 1060 than one 1070. so, depends on your power bill/cash availability ratio hehe  yeah i'm building another rig with 1060 this because i did a simple math with the current profitability and the 1070 is not good anymore the difference in profit between a 1070 and a 1060 is very low now, it's around $15 per month with 0.16 cent electricity $15 per month but you pay $200 more for the gpu, this mean 12 months roi to overcome the difference the 1070 was good when a single one was doing $3-5 or more per day not $1.5 like now... In the current state do you even think you will ROI the new 1060 rig? I understand that you will not be negative since there is still a decent sale price, but anyways. with resale yes, otherwise i always wait for the luck and try to mine the coin that go big like pascalcoin, actually i mine because of that reason |
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