rusia really ned to make their head right, they first allowed bitcoin, then they banned it because of CP and because they feared for their currency that is also used more than bitcoin from terrorist
terrorism was also another excuse to not accept the cryptocurrency, then they removed again this and now they are talking that they will remain in standby
i think they just want to earn money on it and they are waiting for the value to increase before accepting it
I have been thinking the same thing, it's very weird obviously. I have a speculation like this: first scheme they ban bitcoin say it's used as criminal currency and any illegal activity, ect to decrease the price. Then second scheme they buy some bitcoin to earn profit. Or they just in research to see how people panic to market based on fundamental It is only weird to those who either don't know how matters stand in reality or don't understand the gory details behind the moves of the Russian government in respect to Bitcoin. First of all, Bitcoin has never been banned in Russia, without understanding this any further discussion makes no sense altogether. There were a lot of threats from government officials and allegedly some drafts having been elaborated on which would have banned Bitcoin and criminalized its use, but basically nothing had come out of it. This agenda was mainly pushed by the Ministry of Finance and their primary aim was not to involve the Tax Service of Russia (which is part of the former) with taxing Bitcoin since that would be a hell of a job. Further, after mostly the same officials started to talk about treating Bitcoin as a foreign currency, the Tax Service itself issued a letter in which it clearly stated that Bitcoin is not their business altogether... If you look at the issue this way, it will be perfectly clear why the Russian government acts in this manner exactly they made it illegal at some point i remember it clearly because it was promoting trrorism they said and CP...those were putin words, it's not so different than banning it, now they are simply undecied again |
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ethereum is trash at the moment, lbry and zcash are far better and nvidia is better there, also a 1070 with 8gb has a better resale value to gamers than a 480 to miners, unless you buy the 8gb version, but this will kill the price difference in favor of amd
Right now you can resell RX 480 8Gb for 75% of initial price. Ebay sold prices checked right now Actually never checked on NVidia - what are you numbers there? zcash you can do 450, but i'm doing 416 with lowest consumption, on lbry you can do 300 but i'm doing 266 with lowest consumption i would push it at maximum if i had a better energy cost the 480 8gb cost more than $200, and it's not half of the 1070 price anymore |
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well you had more than one chance because from 200 it did not went fully to 1200, it was sitting between $400 and 500 for a very long time, then again it wen to 600-700
you ignored the uptrend and it's only your fault to trust those stupid rumors that were here at that time, all the "bitcoin is dead" bullshit....
investing now should be relatively safe, you can expect another really in the future, but unless it go really big the profit that you get will be lower
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rusia really ned to make their head right, they first allowed bitcoin, then they banned it because of CP and because they feared for their currency that is also used more than bitcoin from terrorist
terrorism was also another excuse to not accept the cryptocurrency, then they removed again this and now they are talking that they will remain in standby
i think they just want to earn money on it and they are waiting for the value to increase before accepting it
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I would say no.
I would be looking at Antminer S9s
the anminer s9 cost more than that, it is sitting at 2k+ usd, i don't know if right now the second hand can be seen at $1500, maybe it's possible but not really a good comparison maybe he can buy second hand s7 if his electricity is not a costly |
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Its a good idea but i dont think that any governments would deliberately allow to teach about bitcoins in classrooms. Already, governments see bitcoin as a threat to their economy and they fear of suffering huge revenue losses due to bitcoins. I heard a small micro nation liberland has announced bitcoin as their national currency and such steps can be taken in such countries to teach about bitcoins.
it will eventually be teached like they are teaching something now that was not present some decade ago, you need a new generation before this will be true also it's not true that every government see bitcoin in a bad way, europe just want to contorl it more, they are already accetpting it, otherwise they would not expemt it from vat |
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if they are smart enough they could utilize the heat to produce additional electricty by using thermoelectrict generato or thermionic
instead of wasting money for adding new device that only increase the diff and nothing else
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is the average tx size increasing in the time? because i remember it was 300bytes before, this also lead to more fee of course
the numbers for average txbytes over 8 years has changed. EG 2009 was under 250 and it become more over time. the numbers of the OP's data in the spreadsheet is only numbers of 1m tx's which is well under 500 blocks = less than a week of data so its not going to reveal much long term change just short term. i did do a few selective averages of 0-335k tx's = 447byte 335k-666k tx's =473byte 666k-1m tx's =454byte and they all average about 447bytes - 473bytes this is what i was talking about, and the only explanation is that people are receiving small transaction and sending big transaction, and doing this will only increase the fee |
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Pretty sweet, sadly the pump will probably not last long  i 307 btc pumb. +90% I've got early acces to the client and it works good. Alot of money is invested in the lbry blockchain and the price is low. I wouldn't be surpriced if the coin does +1000% it was bound to happen, there were many who bought all the way down from the initial pump they didn't bought for no reason |
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Both cards are at the same range if you want to resell it.
You can get 2x RX 480 for the price of 1 GTX 1070
it hash also far less than one 1070, 260 sol against 440 plus double the consumption, plus you need more rig, which mean more components that add to the price which reduce the "2x480 = 1x1070" To be fair, the RX cards are better for ETH and XMR right now I am only getting a single card at the moment anyway there wont be any doubling on 470's, 480's, or 1060's It appears that the 1060 (3gb) gets 250 Sol/s where a 1070 gets 450 Sol/s. Meanwhile the price for the components right now divide pretty equally for an ROI. It comes down to which of those 2 cards will resell easier after or me simply getting the most hashes I can because I want to mine and trade to more BTC before it takes its actually for real moonshot For resale value RX480 or used 280/380 series cards from ebay probably
What makes you think the RX 480 will hold its value the best after 1 year, and what makes you think the R9 cards will hold their value after a another year? ethereum is trash at the moment, lbry and zcash are far better and nvidia is better there, also a 1070 with 8gb has a better resale value to gamers than a 480 to miners, unless you buy the 8gb version, but this will kill the price difference in favor of amd |
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As always, now it is too late to start gpu mining lbc or dcr.
Highest profit: forget gpu, buy that coin, wait
Good profit: sell your gpu, buy that coin, wait
Some profit: already have gpu, mine, wait
Pennies only: already have gpu, mine, dump
Bad business: buy gpu, mine, wait
Suicide: buy gpu, mine, dump
or simply dump when lbry was at 20k and all the way low because at best it will return there now it only look like anther profitable option besides zcash, for the moment at least... |
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Speaking about crypto predictions, looks like lbc has finally found floor and has actually started normal procedures...
a very small little pump, i would take it in consideration when it return to 2k+ and heading to 10k in theory it should be pumped at least another time Yep, what a surprise. 5x, 10x, 20x, 100x? i was waiting for this pump to be honest i hope it can go to 10k at least, it can go as high as 20k, if we compare it to the pump of feathercoin i think both coin are in the same boat now or very akin to have similar treatment by whales |
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Mm... guess back when I mined this I had a smaller operation and as such you could dominate a couple of the algos and get relatively decent profits with micromanagement. Profit is about the same, emission rate is still next to nothing though... which is about $20 per algo. $20 per rig is a pretty good deal, but you would have to get all of that and you can't with competition... It definitely isn't a coin for med or larger size miners.
$20 is pretty good if you only need 5 cards to get it. $4 per card per day. :-) Yeah it is, but you have to micromanage it, that's if no one else decides they want to mine it too and if a multipool doesn't stop by. Safe to say anything mentioned here immediately gets destroyed. So you have to swap to other algos and back again after difficulty and miners readjust. If you were a programmer, you probably could write a script that moves around the J algos and get the most amount of money out of it. Some algos don't even work like sha as it's asic'd. So at most you could make maybe $120 off of all of J per day, if no one else was mining it (which we all know isn't true). That being said, I wouldn't even be talking about it if I thought it was viable to mine. Jcoins days have come and gone. Regardless of how healthy the market is, there isn't nearly enough emission and from a minting perspective the coin really should adjust globally instead of on a per algo basis (each algo has it's own difficulty and emission). Every multi-algo coin I've seen adjusts on a per-algo basis and emission rates for each algo are set. In other news Equihash has once again gained like 15% additional hashrate out of no where. Probably, a big farm has a huge batch of very old GPUs, which they can bring online at any time to mine at marginal profitability. LOL they are moving on zclassic due to the recent big bump in value |
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For the next two to three days, I think bitcoin's price will be 850$-700$ and will stabilize at these prices and it will be there for weeks before we see another little or big pump or dump. It can also be that it might hit more than 850$ since panic selling stopped now but the chance of it happening is 50/50 because of China's regulation. Hope it hits more than 850$ though.
it has never touched $700 yet, maybe you mean $900? it's currently not far away from where it was before chinese begin to dump it was $900+ now $830, after a bottom below $800, not sure if this is a double bottom or it really started to recover, i'm inclined to think it's the latter |
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i think they don't work always, i tried, but some times the market become unpredictable and the bands can not visualize the correct pattern
this happen when the market change from up to down so fast that the bands need still to adapt to it, you will get something like short sine wave inside two lines
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based on the million tx's (mine stopped at 1,048,575 results)
average tx confirmed in 40mins 30mins
average tx size 458bytes
average tx fee 36892sat-41750sat (depending on if you include or exclude the 0fee tx's in the average)
average fee per byte is 91sat/byte
max fee per byte of range 34883 sat/byte
min fee per byte of range 0
-- as for the max fee.. either the source data has an error or someone lastweek paid ALOT for one of their transaction
max tx size 98888 bytes (98.9KB)
min tx size 170 bytes
-- as for the max bytes..either the source data has an error or someone lastweek had a near 99kb tx(filling 10% of block with 1tx)
is the average tx size increasing in the time? because i remember it was 300bytes before, this also lead to more fee of course if i remember correctly the size of a tx is only based on how many imput you receive and some byte from the output this mean that many are doing few big transaction and receiving many small one? correct? |
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no other solution are in play besides segwit/2mb/4mb block limit etc...? what about the dynamic block limit(the block size will adapt to the transaction, so you will have the size you need only when n° of tx will increase) that was propose?
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the bottom should be reached now, so i expect a increase from now maybe a steady one until we can get to the $900-1000 mark again but more stable this time
i think the price is still holding strong because of indian that bought bitcoin because of their note that were banned, other country are following also when they see the price increase
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Both cards are at the same range if you want to resell it.
You can get 2x RX 480 for the price of 1 GTX 1070
it hash also far less than one 1070, 260 sol against 440 plus double the consumption, plus you need more rig, which mean more components that add to the price which reduce the "2x480 = 1x1070" |
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https://github.com/nicehash/nheqminer/releases/tag/0.5cWindows all in one build. Ubuntu (16.04 and 04.04) Linux bulds (only cuda_djezo and avx support, for now). There is still a lot of room for improvement. First Linux all in one build, after that automatic solver chooser based on device capability, etc. this fix the cpu bug? |
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