You can't really compare different hashing algos or the difficulty of coins with different algos as they have completely different speeds. And Ethereum doesn't have public ASICs.

But Dash has a bunch of ASICs which changes everything:

Bitmain D3 15Gh/s (3500-35000 pieces)
PinIdea 17Gh/s
iBelink 10.8Gh/s
Baikal 0.6Gh/s
Innosilicon 30.2Gh/s

I don't think airdrops are ponzi-schemes but they are premined scams.


People are trusting the devs that they'll distribute the coins fairly while there are no guarantees at all for that. And cryptos should be absolutely trustless so airdrops (and ICOs) are taking a huge step backwards.

Also, people can buy bitcointalk accounts (legal but discouraged) and participate in airdrops multiple times.

So the "devs" might have 50 sockpuppet accounts they ask coins to. It's basically the next iteration of the "x% premined" scam as it is not that transparent.


There's also the argument that if a dev creates coins/tokens out of thin air for absolutely free (airdrop/ICO), those coins are worthless. The dev is just convincing people they're not worthless as if he would sell rocks lying around telling people they're valuable. With mining at least creating a coin actually costs money which creates a floor price.

Because it's essentially an inbred hugbox making it easy to control people.

The only people joinning specific slacks are people who already involved and/or like a project. So no random people will join slack channels who might disagree with the project or call out a bullshit - like it is the case with an open forum like this.

No, all the people in slacks are basically continously jerk each other off agreeing with each other so much because they're only there as they already like the project/coin/ICO to begin with.

And if someone dares to disagree with them, they get put out or piled upon.

And then there are phising attempts, spoofing scams, and whatever else is there.

Looks interesting enough if it won't be premined.

ICOs can not work long term reliably, that much is true so we should just get rid of them and educate people interested in them and show them what cryptos should be about; decentralization, trustless systems and transparency - none of which are ICO's about.

I've been here for years now and we always had a dominating scam/scam attemps going around ("secretly" premined coins, malwares, private miners, etc) and I suspect ICOs will be soon over. That's partly good news but partly bad news as the next big scam will probably be even worse...

That's a half decent approach but don't forget that all kinds of accounts get hacked or sold so you're trusting a lot.

Had to be. I mean it's basic math, 12x125=1500 plus 70-100W for the whole system plus PSU efficiency so you'd realistically should be at around 1650-1750W.

Yep. The huge increase in Bitcoin's price this year attracted a lot of people and some (maybe most) of them are chasing the gold rush but they're not interested in careful investing or the chores of mining, but only the laziest prospect of earning some money and ICOs are the easiest to both host and to participate in. The problem is, ICOs are not representing the purpose of cryptos; they're centralized, rely on trust and not at all transparent and there are no guarantees so most people involved with ICOs will eventually get burned regardless of how many times they made a few slices of pizza's worth of profits and will eventually end up hating crypto as a whole while having no idea and appreciation why crypto exists in the first place.

The only people making money from ICOs - apart from the dev(s) - are people who are dumping their coins the fastest. It's an open game of pumping and dumping on others. No money is being made out of nowhere and the devs always make plenty of money and they are at no risk at all (it's almost free to create coins out of thin air and convincing others with a few pretty pictures and promises that they're actually worth more than sand) so in reality only "investors" are just gambling against each other while the house has a bigger rake than the greediest online poker rooms.

That's the problem with ICOs, it attracts and preys on people who aren't even familiar with coins and how to use them...

So... it's gambling.

Yes, but it's just pure gambling and greed.

Just check if it has ICO in the name or anywhere else.

PosWallet is a centralized service so you should not use it at all. If they were to get hacked or decide to steal people's funds you'd lose your coins. Sort of defeats the purpose of crypto coins.

Also, seems like they did got hacked: https://bitcointalk.org/index.php?topic=2096435.0

Even factory overclocked 1070s can only pull as much as 200 watts with max PL (180 watts on stock) and no electricity just disappears (it comes with heat) so your wattmeter is likely faulty.

Imagine each CPU core being a very stong dude. Now imagine each GPU core is like an 8-year-old kid.

Now, CPUs generally have 2-8 cores while GPUs have thousands(!) of much weaker cores.

But hashing (mining) is like having to gather berries in a forest; thousands of kids will gather a shitton more berries than a few big dudes.


And CPUs are too expensive in comparison to their mining performance they'll take years to mine back their costs. And then there are botnets, meaning thousands of computers are mining CPU coins making things even worse.

And while you can put 6-12 GPUs into a single computer, you can only put 1 (maybe 2) processors into a PC so you have to spend on Motherboard/RAM/HDD/PSU on all of them.


It's just a bad idea altogether - from a profit standpoint at least.

Why would you want to invest in it if you don't know anything about it nor willing to reasearch yourself?

It's not out yet and it will split off of the Spreadcoin network at a later date (so if you have SPR you'll have the same amount of HLM).

CPU mining is bad; they're not that well suited for hashing as GPUs, their cost is too much in comparison to their hashing speeds and you can't scale them (1 PC = 1 CPU, maybe 2).

You're talking nonsense. With GPU Boost 3 a bunch of shitty changes were made, like you can't setup a temperate target which the card aims for and downclocks itself if it's reaching the limit - which was a super convenient thing for miners and previous generation cards had that "feature". Now that's locked away by your precious coders. Now if a card let's say have a faulty fan, the card will reach >90°C and cooks itself instead of downlocking to near-idle speeds and keep the card at let's say 70°C.
Also, everything now changing on the fly dynamically makes things worse (without the option to turn that off) and not just for miners but for gamers as well. Removing the option to use safe and established options and forcing specific "features" is always a bad idea.

If it doesn't have some sort of a failsafe that shuts down the board/chip in case the temp reached critical levels, it's likely died. It doesn't have to let the smoke out to die.