The mining fees paid during transactions are the bitcoin taxes or there are other taxes ??
no that is the "taxes" that go to miners, your government have nothign to do with it, you need pay an additional tax when you dump for fiat but if the amount is not that big, i would avoid declaring, it also depend on where you live |
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There is a thought I've had. If BTC were to go past the moon and crush all fiat currency it would undergo far more transactions than it does now, more than SegWit could account for. Is there any way that BTC could become fast enough to function as a single or primary international currency through further updates yet to be determined without upping the block size to 1 TB per block someday?
Nope, It's ONCHAIN transactions can not handle that demand, plus as it's price rises so does it transaction fees, only the rich will be able to afford adding a transaction per block. Mass adoption will fail and the rich will dump BTC in favor of other crypto that the masses can use. BTC just does not have enough coins for worldwide adoption.  this might be true only on microtransaction, even with a fee of $10 i would still send 100, for example, the mass will only use bitcoin for big transaction and the rich can keep using bitcoin for the microtransaction it's not that bad as it sounds, it might go in that way in the end, until a proper solution is discovered that scale for every size of the adoption Hmm, you are stupid, What I said is accurate. Amount of money World Wide is ~ 75 trillion dollars Trillion=(1,000,000,000,000) Only 21 million BTC coin 75,000,000,000,000 means 1 BTC is worth $ 3,571,428.57 meaning 1 satoshi is worth ~4 cents Fees to withdrawal BTC from an exchange is Fee: 0.00040000 at 4 cents each , that comes out to $1600  If you think that people are going to be able to afford $1600 transaction fee to remove $100 from an exchange, then mail me some of what you are smoking.  This is what I mean when I say there are not enough coins for worldwide adoption, they are so few they will be unaffordable and as a side effect no use to anyone as a way to transfer value. BTC is DOA for world wide usage , the majority of people are just too stupid to see it.  miners will adapt and reduce the transaction fee, instead of 40k satoshi you can have 400 or 40, they just need at least the same income they have now |
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To reduce CPU load on the Nvidia use --gpu-threads 1 (-g 1) and increase --intensity.
In my case (5 GTX 1070) CPU load decreased by 30%
with 6 card it does not work |
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same thing, using non powered riser with my gpu, ever had any issue, but i always run my gpu at 140watt maximum...
he probably abused the maximum load of the motherboard
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The miner runs good with NV too.Just CPU usage is not so good.
But hell yeah..nvidia rocks..
one GTX1080 is doing 1.2GH+ :-D eat that AMD lovers :-D
Lol, the logic of some people on these forums is quite interesting. Please explain how a 2x470 that costs $340 and hashes 1.3GH is so much better than one 1080 that costs $600 and does 1.2GH??? I can buy almost twice the hashpower, or ROI twice as fast with AMD cards than nvidia...but yes those big hash numbers are everything even though it makes no mining sense. because you need to compare $200 x 2(470) to $400 for a 1070 with the CUDA miner which will be even faster, $170 for a 470 is not in all the place of the world lol not sure where you looking at prices for 470s. The best 470 for mining is right here and currently its at 165 (155 if you count the rebate). https://www.newegg.com/Product/Product.aspx?Item=N82E16814202230You can even grab the powercolor for 155 (135 after rebate) if your fine with a slightly less clocked GDDR5 that's not the worldwide price, in other country the real value is much higher, around 200 euro nevermind i clicked after my post, and you were talking about reference...i never take in consideration reference card, they are plain bad with their shitty cooling... |
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Well overcome being lazy..it something to gain reputation.
I like to write kernel code. Not miner code. if you learn the latter too we might get a good competition with amd instead of being always late |
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RPCcoin as a name is cool enough
it should have a unique feature, like an adaptive block reward based on the volume of an exchange, something very unique...
need to add a gpu miner soon i hate botnet coin....
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still available if someone is interested
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if you have not high electricity it's profitable with gpu, you can easily do $200 per month with a rig, with proper electricity like 5 cent per kwh
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It means CPU verification is needed anyway?
It's not needed, but it there to prevent rejected shares on the pool. I am building now and will try to fix the hash. it will work with the pool or we need klaus to add it? |
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then pascalcoin being algorithm sha 256, you can pull antminer s5 s9 s7?
no it's a modified sha256, not the sha of bitcoin btw are the estimate correct on suprnova? |
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it depend on your capital, if you have the patience to learn more about mining and what you need to run a good small farm, you will not need a cloud that will likely scam you
trading is a high risk, and i don't like it, with mining you are sure to have a return every day even if small you still keep the value of what you bought to mine, that's is the beauty
the bad part is that it require a considerable amount of money to enter in play at the beginning
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either another solution will come up in 5 years, like Segwit but maybe better or bitcoin will remain niche, unless a rich guy will pump the shit out of it for speculation
but if you ignore all this miners still need the price to be higher, therefore all miners in the end are forced to welcome he adoption if they want their profit to remian the same or higher
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What do you think about ZCASH ? They say in some aspects it is better than Monero
Well I can say that ZCASH is doing good at its early stage but I have read some issues about them and that makes me doubt with them. And base on the community's assumption and feed back I can say that XMR is better to invest now. There are also good one to invest like Chronobank it's ICO is still not over so you can still cope up. what issues? there are no issue with zcash, it was just dumped because the initian inflation was very very low, block reward increase after that and the price tanked as a result also the distribution of zcash will change in 4 years when miners will get everything, zcash can still surprise us with a good pump to 0.1 or more, monero is already very high it will be hard for it to reach 0.03 like etheruem did |
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Bitcoin is a very easy choice for me since the price of gold does not seem to move that much these days, you can profit a lot more with bitcoin than with gold.
Well right now bitcoin is stagnant more than gold, and market volatility only bring more unnecessary randomness and high % of losses, you can trade with gold as bitcoin with high leverage, therefore you don't need high volatility and with gold have higher leverage than bitcoin, at least this how it look on every exchange, you don't get more than 10x leverage for bitcoin |
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You need to start with a bankroll like you do it in poker and bet only 1% of it, so if you want to start with 1 btc 0.01 is okish
if you lose 10% review again your strategy because it's not working
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I think bitcoin is not banned on china because china is one of the most bitcoin exchanger here. Well i think government wont ban bitcoin due to alot of people sre using it
Unless their government is earning something on the revenue from the exchange, i can't see how those two things are related, in fact they are keeping an eye on the thing with their new policy the governemnt of every country always want their slice of the cake, the same for the mining activity of chinese farm, they are keeping them because they will earn on the taxes |
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I mainly wonder why people seem to be so strongly against SegWit. It's a great optimalisation and preparation for additional important features i think.
because you will need a 2mb increase eventually, it's not a solution, and miners aren't stupid they know this, sgwit look good as an additional "layer of optimization", than the primary solution i mean i find it more logic to to a 2mb/4mb/whatyouwant hard fork and then do a segwit to make it 4mb/8mb etc... |
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The miner runs good with NV too.Just CPU usage is not so good.
But hell yeah..nvidia rocks..
one GTX1080 is doing 1.2GH+ :-D eat that AMD lovers :-D
Lol, the logic of some people on these forums is quite interesting. Please explain how a 2x470 that costs $340 and hashes 1.3GH is so much better than one 1080 that costs $600 and does 1.2GH??? I can buy almost twice the hashpower, or ROI twice as fast with AMD cards than nvidia...but yes those big hash numbers are everything even though it makes no mining sense. because you need to compare $200 x 2(470) to $400 for a 1070 with the CUDA miner which will be even faster, $170 for a 470 is not in all the place of the world |
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we need ccminer, opencl is not good with nvidia, in fact my rig freezed and slowed down when i started it... |
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