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Thanks Lou... my main objective is not to obtain BCH, but I'm OK with leaving half of my whopping 3 coins on Bittrex just to see what happens with it and having my other 1.5 on my Nano. This is kind of a last minute "fix" since l thought BIP91 would be implemented, avoiding this hard-fork that now seems immanent. I'm comfortable with this current set-up... just hoping that BTC prices don't bottom out as a result of the fork.
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Thanks for both of your replies, I really appreciate it! Totally agree with moving assets off of Coinbase... I've been moving in that direction recently but it makes even more sense now as there is no apparent benefit to keeping any BTC there for this event. I am going to move .5 BTC over to my Bittrex account and .5 onto my Nano... hedging my bets lol.
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So, I thought I had a grasp on this hard fork situation but just spent the last 2 hours reading here and elsewhere and now I'm more confused than ever... i think lol!
Here's my situation... I don't have a ton of BTC... essentially about 3 total spread in 3 diff locations... but even with that moderate amount, I am trying to avoid risk and try not to leave any freebies on the table, assuming those 2 don't conflict.
Here is my understanding of each place i hold BTC on, although certainly not sure so any advice would be appreciated:
- 1 BTC on Coinbase - Coinbase has stated that they will not support Bitcoin Cash. So, if I leave my 1 BTC on Coinbase as of Aug 1st, I will still have 1 BTC after the fork there, but will not be "rewarded" any Bitcoin Cash, correct?
- 1 BTC on Bittrex - Bittrex appears to be supportinf Bitcoin Cash, so does this mean that if I keep my 1 BTC on Bittrex as of Aug 1st, I will then have 1 BTC and 1 Bitcoin Cash token after the hard-fork?
- 1 BTC on my Ledger Nano-S USB cold wallet - I am unclear what will happen with this. I see some people recommending moving most of current BTC holdings onto a cold wallet so you can "control" your balances but it is not clear to me what the real benefit of this is. Is there concern that something's going to go wrong and BTC balances on exchanges could be inaccessible for long periods of time? Also, if my understanding of Bitcoin cash "rewards" is correct, wouldnt storing BTC on a cold wallet mean forgoing any such reward?
Thanks for any suggestions!
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Why I'm not surprised to see so many childish comments?  No wonder ETH still retains high value against $. Market movers don't even need to sweat anymore, all they need is to imply they're building the Matrix and sheep will support them. I find it a bit comical that you call other's comments childish when you yourself have not provided and fact-based arguments to be against or not support ETH at this point in time. Yes, there have been a few somewhat minor issues in recent months, but most of those were caused by ETH's over-popularity (ie: several ICO's launched at same time, which caused congestion in the ETH blockchain). And, most of the hacks that I read about were through exchanges or other 3rd parties, meaning nothing to do with the ETH network itself. However, on the contrary, you've got tons of things lined up in favor of ETH, including most ICO using ETH network, and probably most impressive, MAJOR support from MAJOR multi-billion $ companies such as Samsung, Intel, Microsoft, major banks and a ton more. Why not educate yourself and google Enterprise Ethereum Alliance? Do you really think established and reputable companies like these are throwing their support and money behind a pump-and-dump scheme?? And, not only is the probably the most supported altcoin world-wide, it's price performance is also astounding... up over 2000% in the last 6 months! Yes, almost all Alts have risen in the last 6 months, but ETH is one of the few with staying power and probably over 90% of the crypto community alone is in this boat. So, did you really expect not to get challenged on your unsupported assertions about ETH? Sounds to me like you probably bought in at $350 and are now pissed cuz you're either sitting on or already took a loss lol.  |
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agree with the minergate recommendation as that is the easiest "miner" for beginners to get started in the mining scene with (did it myself that way). It's all GUI based so you don't have to mess with .bat files, running from DOS prompts, etc.
I would suspect that Monero (XMR) is going to be your best bet. I run that sometimes on my i7 machines and get reasonable results (like about 200-300 mh/s). Certainly, the i3s wont do that much but if you have 20 of them with free power, i would be willing to bet you could do ok, especially if XMR continues to rise. The one downside for that i3 is that it only has 3MB of cache, and that is a very important piece of CPU mining XMR. Still, if you get even get 80-100 mh/s per machine, you would be talking about the equivalent of 4-5 good GPUs, so you would be making a decent amount, especially with free power.
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just selling my old stock RX 480s and stock RX 470 and getting new RX 580/570 instead of them. It's a good deal. though a funny feeling i have while selling them 120€ over the price i bought em...but it's the market dictating the prices...  With the more effective power consumption, not sure it was a so good deal... Now, it is more productive to buy nVidia GPUs :-). Exactly what i was thinking lol! Why on earth would you sell 4xx series to get 5xx series? They are just re-branded with almost the same hash-rate potential but with more power consumption. Maybe 5xx are better for gaming but certainly 4xx are the better card for mining. Let's put it this way, if someone offered me a NIB 570 + $50 cash for one of my used 470's, I wouldn't think twice about NOT doing it lol. But most certainly, a straight across trade is a bad deal for the receiver of the 5xx. newer isnt always better, sometimes it's worse lol Also, the new Vega's coming out in Aug or Oct or Feb'18 are likely going to be very expensive... like along the lines of a 1080 or 1080ti. But think of this, there's no way they are going to get 3-4x the h/r of a 4xx/5xx so the ROI is almost certainly going to be worse, all else being equal. We'll see how long it takes to get 5xx back into the supply chain but AMD and the GPU OEMs have to be kicking themselves right about now by severely under-calling demand... millions and miillions in revenue they are missing out on last few months, while resellers are making a tidy profit. |
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man, double retail and beyond for all old 470/480s now... really wish I would have had the foresight to go clean out all my local stores a couple months ago and turn a nice little 100% profit will very little effort! |
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Certainly, it would be very hard to jump into the ETH at $400... on that I agree with many previous posts here. Ideally, you could have gotten in closer to $300 yesterday, but it was only there for a very short time and then shot up again. You of course could wait for the next correction/consolidation but who knows what that is going to be at. If you look at the last several months, pretty much every reasonably significant ETH drop was recovered almost immediately, then proceeded to establish new highs. Sure, there is no guarantee how long that trend will continue, but i would not be shocked if we see $500-$600 range before another drop, and I doubt that will be anywhere near the 50% that another poster predicted... maybe 20-30% tops but again, you have to be on top of it and pull the trigger fast.
The thing about ETH that many people don't realize is that it probably has the biggest backing/support/engagement with huge businesses like Intel, Samsung, Microsoft, etc. (google Enterprise Ethereum Alliance). Probably the only ones that can possibly even touch ETH in this area are BTC & Ripple, but ETH is outpacing both of those as well. I think some people are using the wrong terminology for the rise in ETH price... ie: this is not a "pump" in the typical sense of pump-&-dump altcoin style. That terminology brings up connotations of scams and people/groups pumping up prices then dumping their junk before it bottoms out. This is far from the case with ETH, as any easy to do research will prove. There are many well established altcoiners/investors expecting ETH to hit $1k before end of year and given its backing and ever increasing usage models, that doesn't seem unrealistic at all.
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That rig you describe would be profitable with ETH continuing to go through the roof. Your ROI in days then would be fully dependent on what you can get your GPUs for. Unfortauntely, right now, there is a world-wide shortage of 580/570s (apparently, AMD & OEMs did not predict the extra demand brought on by altcoin explosion) and 480/470s were discontinued a few months ago upon the release of the 5xx series. I was lucky enough to get 8 MSI 470's right around that time-frame for a really good price, but when I tried again only a week later to get more, they were either unavailable or 3rd party sellers were marking up 2-3x which I will not pay. I would say that if you could find any 4xx/5xx for under $300, pull the trigger. Even at that inflated price, you will still ROI reasonably as long as ETH stays at a high $$.
Word of caution, watch out about mixing 4xx & 5xx. I know there have been some major driver issues trying to do this and not sure if they are resolved yet. Here is my recommendation on order to buy in if price is about the same: 470/570/480/580... maybe flip the 570 & 480 but 470 clearly the best all-around for ETH and 580 the worst as it uses way more power with no greater hash-rate vs 480.
Good luck finding these, i pretty much gave up in the US for now as all remaining 470s in the supply chain were bought up in several big shopping sprees where miners went out and bought multiple cart-loads of those suckers! Theres a thread here somewhere with pics... wish i would have had the foresight (and extra $) to do that but its all good.
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@GabryRox
The MSI-Gaming M5 is based on the Z170 chipset which is ... to be frank... its PITA... pain in the ass
If you want to venture into 7,8,9 GPU rigs --- get the Z270 ones which is much more reliable on smOS, nvOC Linux and W10.
However there are special images by smOS and nvOC specifically for this board to work.
But frankly.... the reality is mining will be expensive to get into soon -- even NVIDIA has a mining GPU GTX1060 Mining edition.
Thanks for the advice Cit & Chilidog... the Z270's look like really nice boards, so if and when I can find some decently priced GPU's I may consider going for 1-2 of them. I already am running 4 6x MSI 470 rigs, and would like to get 1-2 more up and running, but as Cit mentioned, the reality is that it would cost a severe premium to build more rigs now due to 1) global shortage of 580/570 and pretty much no 480/470's left in the supply chain and 2) the 2 to 4x cost of NVidia cards compared to Radeon. I'll be honest, i never really looked hard at the NVidia prices until earlier today, and was astonished to see how much more they cost than AMD cards. Even the lowly 1060's are ~$300, and I think at best they can do what, about the same as a 470 on ZEC (250 S/s)? From there it only seems to get worse... a 1080 can do what, 450-500 S/s on ZEC? Sure, that's 2x what a 470 could do, but about 3x the cost (retail 470, which of course is non-existent now). The thing i can't figure out is the profitability of these higher end NVidia cards. Just plugging the comparison of a 1080 (non-TI ) vs a 470 in whattomine, the 1080 mining ZEC is only 10% at most more profitable than a 470 mining ETH, but at 2-3x the cost, will take much longer to ROI, correct? And, I'm not adding in the extra you could easily get by going dual ETH + DCR or SIA. In that case, the 470 would actually be more profitable than a 1080. So, kind of wondering what the appeal of going NVidia would be, especially before the shortage of 4xx & 5xx cards. Probably I am missing something... |
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Just noticed this old post... has Citronik or others here built a 6+ GPU rig on this board yet? If it works will i might pick up 1 or 2, but want to make sure it supports at least 6 GPUs first. Granted, there are no 4xx or 5xx GPUs even available right now but with currently high prices, i may have to consider going the Nvidia route and mine ZEC. Even if Vega does release in Aug, I can't imagine a huge supply being readily available right away, so waiting 2-3 months in these market conditions really seems like throwing money away. |
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FYI: ASIC (antminer, etc) by definition is specifically designed to do 1 thing very well. In this case, that 1 thing is to mine BTC. Since this is the way it was designed... built into the hardware... you will never be able to use that for anything other than that 1 purpose (unless you count its use as a paperweight in about a year when it is EOL).
by contrast, an FPGA is somewhat similar to an ASIC but can actually be much more flexible because it has the capability of performing more than 1 task. A good example of this are Baikal miners (mini, quad, etc). While sold primarily as an X11 miner, these also have the capability of mining several other algorithms in addition to X11, which may become very valuable should Dash get mined out or drop severely in price.
But, note that you will not be able to mine ETH or XMR or most other most valuable coins with either of the options above. XMR can still be mined with a decent CPU to some degree, but you really need a GPU-based mining rig to successfully mine these algos. Granted, due to market conditions, it would be pretty tough to find enough reasonably priced GPUs to even build 1 4x or 6x rig but that's the direction you need to go if you want to mine ETH or XMR.
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Hey everyone... wanted to get your feedback on best known methods of withdrawing USD from Crypt-Exchanges.
What I have been doing is moving ETH from Bittrex (where my mining operation sends the rewards) to my Coinbase ETH wallet, then selling a few here and there directly to my Coinbase USD wallet. I haven't actually withdrawn that USD yet but it seems pretty easy to do.
However, I am now considering selling some of my DCR (cashing out to USD) and trying to figure out the best way to do it. Of course, i could sell it on Bittrex, then transfer the resulting BTC Coinbase, then transfer that amount of BTC to my Coinbase USD wallet but that seems like a lot of steps. So, I was trying to figure out if it is possible to get USD directly from Bittrex, but can't quite get there. They do have a wallet called Tether that seems to be linked to USD, so I assume that I could sell DCR to BTC, then buy Tether with BTC, but then can I actually get Bittrex to send me real USD (via check, eft, etc) or is that Tether wallet just meant as a temporary holding place to wait out a down market or something? Couldnt seem to find the info on Bittrex about if its possible to actually cash out USD so any tips would be appreciated.
once it is in coinbase the irs will know you have it. i.e. reportable on a tax return. My thoughts are use it and go legit pay tax etc. I can offer some advice lets say you have 3 btc on coinbase lets say most of the btc was transferred when btc was 2600 and you hold and coins drop to 2000 . So the 7800 dropped to 6000 which number do you think is the one the irs picks for you to use for taxes yep the 7800 .. So to pull from an exchange like bittrex and put into coinbase means you need to consider this. Before the runup came from april I had 8 coins in coinbase I now have under .03 coins there. as cashing them would protect me from a tax bill that I could not pay. I will do my level best to avoid sending any coin to coin base other then a purchase from my bank account. until 2018 yes, i certainly understand the potential tax implications for cashing out via Coinbase... although i recently read that the challenge CB is putting up in court may have a reasonable chance of succeeding. Also, the basis issue is an interesting one... typically, like with stocks, your cost basis is easily trackable so that's what I pull and use to prepare my taxes and should the IRS ever feel they need check my measly profit, then can easily do so based on the UBS data, etc. However, with crypto, it's not that easy. Sure, I have an app on my phone where i track both all of my mining rewards as well as other crypto activities like buying BTC outride for usd and trades, etc. Maybe the IRS could somehow dig into mining pool's data to actually try to validate what a miner's true basis is but man, what a huge waste of effort (nothing new for the government i know)... BUT... when you start to talk about trading one crypto for another and how that affects your basis, it is something that probably not many people can even comprehend... myself included. But aside from that, back to my original question... is it possible to actually cash out USD from Bittrex? |
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Hey everyone... wanted to get your feedback on best known methods of withdrawing USD from Crypto-Exchanges.
What I have been doing is moving ETH from Bittrex (where my mining operation sends the rewards) to my Coinbase ETH wallet, then selling a few here and there directly to my Coinbase USD wallet. I haven't actually withdrawn that USD yet but it seems pretty easy to do.
However, I am now considering selling some of my DCR (cashing out to USD) and trying to figure out the best way to do it. Of course, i could sell it on Bittrex, then transfer the resulting BTC Coinbase, then transfer that amount of BTC to my Coinbase USD wallet but that seems like a lot of steps. So, I was trying to figure out if it is possible to get USD directly from Bittrex, but can't quite get there. They do have a wallet called Tether that seems to be linked to USD, so I assume that I could sell DCR to BTC, then buy Tether with BTC, but then can I actually get Bittrex to send me real USD (via check, eft, etc) or is that Tether wallet just meant as a temporary holding place to wait out a down market or something? Couldnt seem to find the info on Bittrex about if its possible to actually cash out USD so any tips would be appreciated.
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Hey guys, I have a tb85 am trying to get 6 gpu going on but every time I populate the x16 slot with riser the others are not seen. I KNOW it is something stupid in bios I am overlooking, but have been trying for a couple days now so would appreciate a little pointer. Thanks!
Are you on Windows 10? If so, I built 2 6x470s on that Mobo recently so might be able to help. Firstly, if you're trying it on Windows 7, I highly recommend the still free upgrade to W10. I tried to build a few 6x rigs with W7 and was never able to get them running smoothly (or at all) with 5-6 GPUs... even after the reg-mod, etc. Once I went to W10, absolutely NO issues with 6, except of course for the crappy updates that can't all be stopped, but I think I have mitigated that aspect for now anyway. One thing that I have found works best is to install the 1st GPU (via riser) in that x16 slot. I have done this on both TB85 rigs as well as ASRock BTC R2 and it worked perfectly. Originally, I tried other slots first and it tended to cause problems. I load the the first GPU to that x16 slot and have the monitor hooked up to it as well on all 4 of my rigs. After the x16 slot, I do the first (farthest right, closet to the CPU) x1 slot, then slot 3, 4, 5 & 6 in order, one at a time. If this doesn't work, you might want to try different risers (if you haven't already). Seems like there are a few bad batches of the molex version powered USB risers going around lately as I have like a 50% fail rate on those lately and returned most of them. Luckily, the 6-pin PCIe versions seem to me much more stable... I am 12 for 12 on those so far. |
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Go into group policy editor (type GPEDIT into Cortana and select the match Edit Group Policy), then expand:
Local Computer Policy -> Computer Configuration -> Administrative Templates -> Windows Components -> Windows Update (way at the bottom)
Under Windows Update you will find a policy to "Do not include drivers with Windows Updates".
Set this to enabled and apply.
You might also want to look at: Configure Automatic Updates (I set it to enabled and option "2") as well as the other polices to see what works for you.
This will not completely lock out the windows update mechanism, but it seems to have minimized the worse behaviors of it at least for me. I still get notified of updates but this way I can choose when to apply the non-driver updates on my schedule.
Thanks for this and the other recommendations on this thread, they are very helpful! I had to run DDU then reinstall 16.10 on all 4 of my rigs at least once each, so all in all, a waste of at least 4-5 hours and probably close to $100 in lost earnings. I haven't had too many issues with other non-driver updates so hoping this "dont include drivers" method will help future proof this crap! |
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Well, I finally broke down and sold a few ETH coins at $101.50 (to cash, not BTC). During the last 2 weeks with those couple of scary down-swings, I swore I would sell some if it broke $100 again so i kept my word to myself lol. Now sure, it may be $120 by tomorrow morning but I have got to break myself out of this crypto-hoarding mentality lol. It's just so hard to sell during what seems like a bull market, but I gotta start taking some profits, for peace of mind if nothing else. I am still probably a bit over-leveraged on ETH, but I really like a lot of things going on with the Ethereum network (like Enterprise Ethereum Alliance, and a lot of other coins either on or moving to ETH network. Hopefully this will also embolden me to start taking profits on some other alts... but i doubt it lol.
edit 1: and of course, in the few minutes it took to write this post, ETH went up another $4 lol! So be it... just gotta be happy since in the grand scheme of things, I never could have imagined ETH even at $50 much less $100. When i started mining in 6-7 months ago, it was $10 lol.
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Hi guys, anybody experiencing trouble with windows and error 43 in device manager today ? I got all my cards with error 43 yesterday in a windows 10 rigs, and didn't manage to fix it after amd uninstall and driver reinstall. This rigs worked well since 10 days. Todays another windows 10 rigs is doing the same. I think maybe this is related to a windows update or something  I might be not the only one ? EDIT : a deep deep multiple uninstall of drivers finally fixed the trouble , but weird this happened in the same time on my two windows 10 rigs. There is a thread where some other person got the same issue. It's a win 10 update ... The best way to fix as they said is to use the "rollback driver" option. I think if you go under the device manager and right click one of the video card you should see that option. (this is the thread => https://bitcointalk.org/index.php?topic=1921225.0) Yeah, this MFer absolutely killed me last 2 days!! probably spent better part of 4-5 hours fixing all 4 of my rigs after this POS w10/AMD driver update. I had to run the GPU driver cleaner on all 4 rigs then reinstall Crimson 16.10.x on all 4, some had to do it multiple times because I guess i didn't have the auto updates all put off as much as possible. Simply a ridiculous situation but no choice for me since w7 is horrible trying to get 6-GPU to work. |
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Hey everyone... I am planning a re-build of my first mining rig. Currently, it's 4 MSI 470's on an ASRock x99 mobo with an i7-6800k & 16GB of RAM. Obviously, those higher end components are not not being optimized by my mining opereations, so I am going to use that core Mobo/CPU/RAM to build a new personal/music production PC.
So, i have a Biostar TB85/G3258 CPU/8GB RAM + 1200W Plat PSU ready to go and 2 more MSI 470s arriving tomorrow for this re-build.
But, here's the issue... this rig with 4 GPUs is not able to dual mine ETH + DCR. Since it runs ETH only and XMR flawlessly and there is no power headroom issue (1KW PSU), it seems likely that there is a "problem" GPU that can't handle the extra stress of dual mining. I have a good idea which one is likely as it has never been able to do more than 1850 clock speed, while the other 3 can easily do 1950. What I would LIKE to do is identify for sure which one (hopefully only 1) is causing the problem and move that to my new personal/music PC since I will only be single mining ETH or XMR on that overnight or when I'm not using it for music production.
So... the question is... how best to prove which one is the "bad" one. I think the best way is to do a negative test, meaning running 3 of the 4 cards only and seeing if it can dual mine without crashing. But, I am not sure how to do this, other than literally unplugging the GPU, which I would prefer not to do if possible.
I thought I remembered that Claymore's miners allow to turn off any single (or multiple) GPUs but i looked through the instructions and didn't see this mentioned anywhere. I could have just missed it but wondering if anyone here knows how to do that? If so, is it something done within the .bat file?
yes in the .bat file let me look for it. this post: https://bitcointalk.org/index.php?topic=1433925.msg14501372#msg14501372-di GPU indexes, default is all available GPUs. For example, if you have four GPUs "-di 02" will enable only first and third GPUs (#0 and #2).
Use "-di detect" value to detect correct GPU order for temperatures management (requires non-zero "-tt" option); note that it will not work properly if you do not want to assign all GPUs to miner (add "-gmap" option to fix it).
You can also turn on/off cards in runtime with "0"..."9" keys and check current statistics with "s" key.so first do -di 0123 should crash then do -di detect figure order out. then pull away a gpu at a time. to figure the bad one. -di 012 no crash means 3 is bad Hey Phil.. thanks for this! I was able to identify the "bad" card... luckily by just de-selecting it at start-up in run-time... so i didnt have to mess with the bat file at all. Sure enough, when i turned off my suspected bad card, that rig ran fine on ETH+DCR for quite some time, so that that was indeed the bad one. I have it set aside now to use in the build if my new personal/music PC and got the new Mobo/CPU/PSU/RAM up and running now with 6 MSI 470s. Still having a bit of trouble getting it to do ETH+DCR but it's been running ETH only solidly now for most of the day. So, that now puts me at 24 GPUs with 24 pushing 640 mhz ETH, plus getting about 12 Ghz DCR with 18 cards, hoping to push that to 15 once i get things figured out with that re-built rig. I've got 1 more new 470 coming tomorrow, so will have 26 total 470s in the end. I will either mine ETH solo or XMR with those most of the time as they will be in a full tower chasis and I don't want to push them too hard and keep the heat down. I know i've said it before, but this will really be the cap for me. I had a good test run heat wise last week and my A/C couldn't keep it comfortable with 4 rigs running... not even close! I need to get someone out to do maintenance on it and assess if it can be fixed or if I need to go with a bigger unit. Hopefully that wont be the case. |
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OP: are you sure that CPU is using all 90W to mine XMR? That seems almost 2x too high to me as Im running the exact same CPU (assuming your is also 4790K) and it only uses maybe 40-45W mining at that same 300 hash-rate.
I'm not 100% sure about this but do you happen to be running it on all 8 threads? In case you didn't realize, CPU mining XMR requires 2MB of cache per thread, so you actually don't get any more hashes using 8 threads vs 4 since this CPU only has 8MB of cache. I tested this extensively only this CPU as well as a 6800K and 2600k and that holds true on all 3 of them. The 6800k can do 7 threads mining XMR effectively (about 355 hash rate, with 15MB of cache) but if you try to push it to 8 or above, the hashes wont improve and in some cases even went down. I don't remember the effect on power consumption though but at least something to check if you haven't already. No sense throwing away wattage for no extra hashes, right?
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