I'll make it simple
ETH/Monero/Zcash
Look up those coins and download the miners, then the pools and config your miners.
Jaxx wallet will store btc, zcash and eth just fine, mymonero.com or an exchange wallet for monero.
For a rig build a Rx 470 rig, 4 card will make about $120 a month so expect 1 year turn around with all the extras you will need to get it going.
As for which of those coins to mine I would choose ETH as it is more profitable and trade the coins for whatever you feel like investing in. I have personally mined all 3 coins depending how the profit is but ETH has been the coin that single handily put gpu mining back in business. 90% of the growth you see in gpu mining today did not exist ~8 months ago.
on what universe 4x470 will net you $120 a month? even assuming 120MH on etheruem with 4x470 you are netting $100 at 0.1 cent electricity, electricity lower than that is not common, i'm not taking it in consideration, free electricity is scamming instead... |
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Market buy whatever you can afford NOW. And don't touch it for the next ten years.
naw, no thanks. lol Makes sense. Warren Buffett says that "If you can't hold an investment for at least 10 years, you shouldn't hold it for 10 minutes." Guess Matt continues to prove Buffett right. He can't hold *any* investment for at least 10 minutes, lol. I have held gold and silver for almost that long..... ......but then that is real wealth, that can't just be turned off and rendered worthless by some totalitarian government on the other side of the world..... Regardless of any pending ramps in Bitcoin, it will all end in tears. Mark my words. and what make you believe that bitcoin can be made worthless by a single government of the world? if you think that if china seize all their bitcoin farm bitcoin will die? no just plain wrong, it will only created an awesome opportunity for the remaining miners around the world to mine more coins, you can't kill a decentralized project by destroying a single centralized portion of it |
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i also believe so but for the simpel fact that the probability that they are more than the others traders on the world, is higher, because you know they are 1B in population
so their influence is far greater, but saying that they are the only one that are manipulating the market is wrong, in fact big whales are not even chinese
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supply and demand is different on different exchange, but all the small exchange follow the biggest one, use preev for the average value...
but you can take advantage of this and do arbitrage if the difference is very noticeable, like with btc-e and other, better to do it with a bot, because manually you lose precious time
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Why do we need big blocks again? Why do we need SegWit again?
Let's see how SegWit works for Litecoin first.
does litecoin really need segwit, they have no block limit problem, they numbers of transactions per day is very small not comparable with bitcoin How much longer is this going to go on?
it's about consensus, there isn't a centralized party that will decide for everyone, that's is the bad part about decentralization, when you actually need something to be implemented asap but none agree |
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kraken is safe i'm selling all the time there if i need fiat money and also holding something, never had a single problem, also bittrex is a good exchange it was, in fact never hacked
poloniex was hacked once, yes the dev redeemed himself, but still i would avoid holding funds there
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i would wait, the selling point was at 1100+, now they shorted already and bought back, the price quickly recovered from the first big dump and now it's recovering slowly to the previous value
selling now it's asking for trouble, next wave for dumping will be above $1000 for me
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Anyone care to offer some INSIGHTFUL advice instead?
i did in the past i learned few stuff but not so much, about for example bollinger lines, that if those get out of the average you need to short or long but besides this i still find it too much of a gamble, and also many other agree that TA is bullshit |
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at that point i would rent something with cheaper electricity abroad, like a basement you set everything secury it and return to your country
might look impossible, but it's more easy than fiding a dam and building an micro hydro
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what antivirus are you guys running?
none it's pointless with something like this with closed source, just run it on a machine that there is nothing |
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hello lads. thinking about buying one GTX 1070 for test RIG (all other rigs are on AMD) and would like to know what brand and model is best for mining. any1 have any hints? Ive read MSI isnt that good same as EVGA...what about Palit, Zotac and others? every1 is posting their results, but not the cards they r using. would appreciate your infos. thx
palit jetstream, i regret buying g1 gaming, they perform lower on average than other, the palit jetstream seems the best |
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NO TAX. It's decentralized and no one have control over bitcoin. Is your freedom to use it, your money, your wallet, and your rules. Is free from any sort of others control.
It should be like that, but unfortunately the opposite is true. You hodling like $100,000 worth of Bitcoin isn't really different from you hodling $100,000 worth of stocks. In both cases you have to comply with the tax policies in your country. If you just keep hiding what you have, then it's seen and treated as a serious crime where you can face severe penalties. It's not all that innocent and simple as you may think. if you just hold and never use your bitcoin, then you are not taxed, even in the USA i beliebe this is the case as long as you don't use your coin or do trading to acquire more, if lucky, you are not obliged to pay any tax this is certainly true in europe, i don't know if in america they have changed the law for crypto |
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Hello, I'm thinking on taking some Antminer S7 and start mining but I'm wondering if it'll be profitable with a $0,032/kWh electricity ?
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=4860&p=1210&pc=0,032&pf=0.00&d=317688400354.03400000&r=12.50000000&er=900.57000000&hc=0.00Long story short, at current diff, price and block reward, you'd make about 100 bucks a month. Now, you can see which risk you're willing to take... see how much an S7 + PSU + air conditioning + shelves + tax + shipping would cost you, divide it by 100 and see how long it'll take you to break even. Do realise the price is dropping, the diff might rise, the block reward will halve in a couple of years,... I'd personally guesstimate i'd make $70/month instead of $100 to incorporate the risks, and i'd personally want to break even in less than 6 months... So, personally , i would only undertake this endaveour if my total purchase and setup costs were lower than ~ 6 * 70 = $420... but then again, i'm not really a risktaker  Thank you for your answer, $420 for all the setup is just impossible in my case  just the shipping price will cost me like $100... But why would you want to break in less than 6 months? I have read that the Antiminer S7 have 5 years lifetime, is this true or just bullshit? also I wanted to know what is the importance of the batch number when buying a miner. because otherwise you are taking a gamble against the diff, that always increase especially in a bull trend like this there is big margin in profit for miners now, so don't expect that they will not add more hash, it's always better to roi fast if your electricity isn't a problem like it look, you can try a s5 also, far cheaper is second hand |
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I think the price will increase highly because there are no free electricity for them and mining bitcoin will be more expensive. Chinese groups must decrease mining machines so that they can not sell bitcoins with cheap price and bitcoin will hit over 1,000$ again.
what the price have to do with them not mining anymore, i highly doubt a single little farm can put any dent in the market volatility also chinese don't need to sell their bitcoin, they have roied on their equipment and new one will roi very fast because they have monstrous hashrate they only need to pay their expenditures which is ridiculous low in comparion to what they are making |
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it always depend on your electricity, if very cheap you can recycle an old antminer like the good s5 and mine with that with a cheap investment, otherwise you need the expensive but efficient s9
if this isn't about bitcoin only, you need to check the altsection for gpu mining
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more like the most lucky one who mined them early, and dind't sold all the way out until the first ath in 2013 or even now is this a magnified blockchain? and probably centralized right, because the banks will never be pro decentralization no matter what projet they are involved to? i see no competition for bitcoin |
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I didn't realize VISA is now offering censorship-proof transactions and a store of value which, done correctly, can not be seized.
Oh, that's right, VISA doesn't offer those things and that's why a comparison between VISA and Bitcoin is ridiculous.
Those screaming for on-chain scaling think they need censorship-proof transactions when purchasing a coffee and a doughnut.
Governments around the world continue to implement increasingly strict capital controls and the reason Bitcoin has value is because people can use it to avoid those controls. Confirmation speed and fees are inconsequential in the face of that utility.
not to mention visa is not anonymous, with bitcoin you can choose more than one wallet for every new addreess and be virtually anon but it's true that if bitcoin was to grow even more the fee would increase agin with the current block limit, and it would lead eventually to expensive fee... OP you are forgotting that with visa and mastercard sending money abroad will cost you 25-50 euro in basically 100% of the case... |
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I would like to see XMR come into the picture as a profitable coin for the Nvidia cards. Just having ZEC really makes this a hard sell for me to buy some 1070's. I have a rig I need to retrofit with some updated cards and I am considering the 1070's for this rig.
I would like to add some diversity to my rigs to give me options if things start to go bad for the AMD cards the Nvidia cards may be able to help stablize the cash flow, and vice versa. Having different cards with different strengths could be a real bonus. So I was hoping there was some activity to improve the hashing on some other coins to help make the sale that I should add the 1070's into the mix. It is a hard sale when the cost is so high for these cards. So I am just looking for some more bright spots for the 1070 to help make the case for spending the extra money.
nvidia are good on other algo, like monero, lbry, lbry currently rised a bit and it's again with good profit better than ethereum for nvidia |
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Does anyone know if there is an effort to improve the hash rate on XMR with these cards?
sp_ seems to have made a private miner that make 900+ h/sec on gtx 1070, but he's been silent for the last week. So we dunno if it's going to be closed private, private with donation. it doesn't really matter, even at 1000 hash it's more profitable to mine zcash, the diff increased on monero True for now, after the fork not sure. Also zcash going down a bit nowadays, i like to count on several coin for the future but for now 100% with you, zcash is king  what fork? i'm missing something about zcash? |
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Does anyone know if there is an effort to improve the hash rate on XMR with these cards?
sp_ seems to have made a private miner that make 900+ h/sec on gtx 1070, but he's been silent for the last week. So we dunno if it's going to be closed private, private with donation. it doesn't really matter, even at 1000 hash it's more profitable to mine zcash, the diff increased on monero |
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