well true for those who bought in at the wrong time, didnt understand mining, got burned by the various ASIC/overpriced prebuilt rig scams etc. but for those of us who made a profit, based on luck/timing/whatever, its been an interesting time. i guess ive seen and experienced enough in crypto that i just roll with it now.


sunk cost. if you already paid for the hardware and it makes anything above (or even equal to) zero profit, you will keep running that hardware no matter what. some hodl hoping for a price increase. some sell to cover equipment/power costs. either way hash rate rises.
 
so as asics/fpgas drive gpus out of a particular algo gpu miners pile in on whatevers left, which seems to be eth for a lot of people at the moment. not to mention eth asics and fpga that are already here. so there is a frenzy of miners trying to get every last bit of profit out of their rigs before they are pretty much useless. and eth seems to be more or less the last hurrah for many miners.

for those not into asics, i personally think fpgas and fpga/gpu hybrids are going to be the next generation of miners. they are adaptable and much more efficient power wise vs gpus, although initial cost is high. gpus alone are going to have a rough time unless your power is basically free. perhaps new algos or coins can prolong their life, but even then everyone and their brother will just pile onto that algo or coin, dropping profits very quickly.

---

i have two 1080tis and ever since the pill they have been on eth, running 53ish mhs. with the extra 34 mhs between them it was basically like getting a free 580 or 1070ti. before that they were on equihash iirc.

plus bitmain now has an asic eth miner.

mining hardware, mining software, amd vs nvidia for a particular algo, it all changes over time. some miners prioritize efficiency over the cost of card (high electric cost), some vice versa (cheap electric). on eth amd used to dominate no matter how you sliced it, now nvidia 1080tis that ran in the 30s pull mid 50s for mh/s on eth (because of the pill) so may be better power wise, but still lose $/mhs wise.

amd vs nvidia. meh. just roll with the punches and enjoy the ride i figure.

while thats an admirable position to take, and i do understand it (there is a coin i will flat out never mine even if its more profitable simply because i vehemently do not agree with its vision), the bulk of miners are in competition with each other.

but in general if profits are more or less equal i will mine the coin i think is better. and while that may impact the profit of miners who are "true believers" of that coin it increases the security of the coin. so whats good for a coin (increased hash power) may be bad for a miner (increased difficulty). i figure a coins security (ie higher hash rate) has priority over my fellow miners. not that i want them to make less, i just put the coin security 1st. after all if a coin fails due to a low hash rate that allows easy 51% attacks.. well whoever mines that coin has lost anyway.

im kinda wondering the same thing myself. both are on ignore at the moment but i click "show post" every so often for the lulz.

mining is for profit. and thats about all it is.. to make profit. whatever the coin or algo. if a coin cant survive massive amounts of hash power sloshing around then it will die off.  survival of the fittest. adapt or die.

sure there are some miners who mine just to support a particular coin but its a pretty small amount compared to "for profit" miner. and thats fine. i have done that myself here and there in the past. but a miner locking themselves to a particular coin has more risks than a "follow the money" miner.

btw i currently have both amd and nvidia cards (and had ASICs in the past), and have mined more or less continually since 2011. and yes my hash, for the most part, has followed whatever algo or coin that made the most profit for whatever gear i was running at that time.

they still need to receive Merits in order to get sMerits to send, just like any other rank.

yeah looks familiar, yellow paper and all. paper tape reader was on the side, it was more like a cabinet with the teletype on top. RS-232 interface connected to a TRS80 Model I as a printer. fun times. ill see if there is a photo of it somewhere.

yeah early computers were pretty wild, i remember a huge TTY/paper tape terminal my dad had from his military days.

wish there were more pictures. missing was a pic of the hopper you shoveled the coal into 

and if there is no white part? some sort of order of historic oppressiveness needs to defined.

i would rather a shorter life of excellent health as opposed to long one in a wheelchair, diapers, gtube, oxygen tanks, dialysis etc.

work on fixing health problems 1st, prolong life second.

replied in other thread for this:
https://bitcointalk.org/index.php?topic=4740118.msg42845512#msg42845512

reply to WO post here:
https://bitcointalk.org/index.php?topic=178336.msg42822472#msg42822472


still seems like a good place to park some money for a while, with the chance to actually help the underdogs somewhere. making some money from it helps of course.

not a lot around my area but still. gotta do some more research obviously. gonna mention it to my financial guy next time i seem him.

if you mean just a phone backup, it may not be enough, see my post above.

write down the code that google auth initially gives you for the site. keep copies secure. then no worries about the phone dying.

and if phone is lost you can use the stored codes on a new phone (or computer/whatever) and reset them, rendering the codes on the old phone useless.

when i restored a backup of my old dead note 4 to my replacement note 4, google auth didnt transfer although everything else did. i had to re input the google auth codes from paper backups.

it wasnt titanium backup though, i used samsungs backup software. i assume titanium needs a rooted phone? (mine isnt rooted).

yeah, this. Einstein had a lot of theories, but "if you haven't made a great contribution to science by age 30, then you probably never will" isnt a theory, just an off the cuff comment he made, probably in jest.

nothing wrong with challenging Einsteins various theories, thats how science works, and he has had theories proven wrong before, sometimes by himself IIRC.

interesting article. thanks.

so i may have the option of taking tax money that otherwise would be paid to the government and more or less wasted and instead pick my own areas and technologies to invest it in instead. and it helps the little guys. im in. although it sounds too good to be true to be honest. and its new and untested. never had a problem with new and untested things before, as long as i can figure risk/reward ratios fairly well.

$28799  because... reasons

interesting. i cashed out a pretty good sum in one shot (well took a week due to limits) early this year, bank had no problem. even talked to them to say i could come in with proof of source (mining, gpu card receipts, logs to pools, payout data and signed addresses etc). but they never even blinked.

but having proof ahead of time is a good idea. sooner or later someone will ask.

feel free to do so.

i am after power efficiency. acorns allow higher hashrate with a slight increase in power consumption. it should extend the useful life of my existing cards.

seems a no brainer to me. but of course we will have to wait and see what actual numbers we get on the various hardware and algos. yes ive sen the charts but i always take those with a grain of salt. my hash numbers and killowatt will tell the real tale.

i have a 101, two 215+ and a 2x nest coming, for a 7 card rig.

so basically Shelby has been banned from discussing his ban, in a forum meant for such a discussion.