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521  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bored mining Ethereum - Whats next? on: August 17, 2017, 05:20:24 AM
I'm only mining at 197 MH/s on 1070 FE's and have been using Claymore's mining software.
I'm getting abour $16 every couple days or so which is fine, but I'm more interested in mining something with much less difficulty with the potential to rise in value.

You may say "Mine ETH and buy the coins you want" but I'm not sure that is the most efficient is it?

What other options might you all propose?



Try UBIQ, similar to Ethereum but is currently low value and has good potential. You could earn 5-6 per day with 197 MH/s. There is also HUSH, Musicoin, Expanse or moving to Equihash you have Zcash, Zclassic, and of course Zencash.

With Musicoin and another less popular coin, Soilcoin, you can earn around 500-600 coins per day with your hashrate (using current difficulty), so even though they are low in price they would offer a large multiplier if they would ever take off. You could spend a day or two on each one to get a small pile and then switch around to a few of the other ones to help hedge your bets for the future. If one or two take off and do a 20x return, that would more than offset any of the others you may end up bag holding.
522  Alternate cryptocurrencies / Mining (Altcoins) / Re: Any word on amd vega hash rates? on: August 17, 2017, 05:05:07 AM
There ya go AMD...
 2 out 3 of my clients switched to nvidia 1080ti JUST BECAUSE THEY COULD NOT GET VEGA TODAY, what a great beginning!

Your clients got lucky then, initial reports are that the 1080Ti is a lot better hash per watt than that of the Vega. Even accounting for future driver and BIOS mods improvements, the best Vega could do is maybe catch up.

With the early price gouging retail prices look to be about on par as well, so it looks to be a long road ahead for Vega in terms of becoming the mining champion everyone hoped for.

Also top brass at AMD is "going to keep an eye on mining but don't really count on it for future growth" whereas Nvidia top brass thinks "mining is here to stay". Tell me which company might put more effort into optimizing their hardware and drivers for mining since direction usually is driven from the top down.
523  Alternate cryptocurrencies / Mining (Altcoins) / Re: Any word on amd vega hash rates? on: August 17, 2017, 04:52:19 AM
Does anyone think it's possible that AMD wrote into the latest driver a throttling factor for mining just for the launch in order to give gamers some 'breathing room' on launch.  This might explain the divergent rumours earlier on (older drivers) with current findings today.  Especially with the blower style cooler, be curious to see what AIB partners do for cooling and if hash get's better with 'update'

 Huh Huh Huh

Bingo.

Really? I read this and don't know what to think...

Here is a shocker, maybe, just maybe the rumors were full of shit?

But nooooo, it is much easier to believe there is some grand conspiracy to artificially hinder mining performance at launch just to appease gamer's, many of whom probably are also miners when they are not gaming. Yep, that's it, AMD is going to risk giving market-share to their competitor Nvidia just so they can appease some bitchy gamer who already whines about the price when they could instead be selling them to miners who will gladly pay $100 over MSRP. Sorry, but your pie in the sky dreams of a killer mining card aren't coming true with this release.
524  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Majority of altcoin = scam on: August 17, 2017, 12:29:58 AM
When btc dump, they dump
when btc pump, they even dump harder wtf

Congratulations on figuring this out. The trick now is to find which ones have a potential future and which ones don't, as you are right in 5 years a lot of these so called "alts" won't survive, or still be worth pennies if they do.

Of course I think a lot of people actually do realize this truth and are just playing musical chairs taking advantage of the profits offered by the pump and dump nature of these coins. Just don't be the one left holding the bag when the music stops.
525  Alternate cryptocurrencies / Speculation (Altcoins) / Re: BUY SIGNATUM! on: August 17, 2017, 12:12:40 AM
I had a couple of low ball standing orders get filled during the big sell off yesterday (the 15th) at 1,000, 800 and 600 so I feel pretty good. I had some lower ones in place too, that didn't get hit, but I am still pretty happy since the trades are now all in positive territory. Even if it goes to 0, I am using profits from when I sold my mining proceeds when it was around 4k sat, so all in all good times.

I am not sure what to make of the drama, but if it does pan out now is the time to buy and not back when this thread was started when Sig was trading for 2k plus. I am no longer mining it as with the reward halving and low price it is cheaper to mine something else and buy this directly, but then again my bags are now full enough for my liking until the dev situation sorts itself out a little more. We might make another drop or two before going up again, so I think keeping any buys to sub 1k would be the best strategy for now.

Holy shit, nice catch man. I didn't had any available funds to place my orders in time. I sold some shitcoin with a small gain, had the funds transfered and when my funds arrrived, the price already went up and no low ball offers were filled. Bought a small hand below 1200 though, so I'm happy. I've got a handful of sub 1200 buy orders though, up to 600 sat, watching how it will unfold this week to check if I'm making market orders of those 600-1000 sat orders.

Its pretty much my standard practice for these unknown coins. I mined a bunch, sold most around 4K sat when it was obvious they were getting close to peaking, and just put in some buy orders starting roughly at 1/4 of what I sold them for. This doesn't always work, but when it does it is nice. In crypto sudden spikes up or down are very common, so setting some buy or sell orders well outside the normal trading range can be quite profitable.

Remember back in June when ETH dipped below $1.00 for a second or two on GDAX? Some guy claims he bought up a bunch at 10 cents that GDAX eventually honored, now that was an extreme catch. I had a standing buy in during that time too but wasn't quite that lucky as my bags were filled much higher around $150 at the time. I am not always able to catch these dips or spikes, but I do tend to leave some extreme orders on the books on both sides of a trade "just in case". If you were lucky like the 10 cent GDAX dude, one trade like this could literally change your life. Me, I am happy with these relatively modest 4x gains. Smiley

As far a Signatum, if it survives the next few weeks without any more major drama then we should be on the clear again. I think we will see a fake recovery and a couple more sub 1k dips before we are really out of the woods as far as price rebounding, but I look at is as a good opportunity. You just want to buy low enough where if it only recovers to say 1500 you are still in good shape.

I'll also add I am not sure of the immediate price direction, I am considering selling the Sig I acquired at the 1k level now for a quick 200 sat gain as I think it may dip below that again and try to re-position them closer to a 800 sat average entry level. I am not so sure all the bad publicity is over with quite yet so hang on to more buying opportunities.
526  Alternate cryptocurrencies / Speculation (Altcoins) / Re: BUY SIGNATUM! on: August 16, 2017, 10:33:11 PM
I had a couple of low ball standing orders get filled during the big sell off yesterday (the 15th) at 1,000, 800 and 600 so I feel pretty good. I had some lower ones in place too, that didn't get hit, but I am still pretty happy since the trades are now all in positive territory. Even if it goes to 0, I am using profits from when I sold my mining proceeds when it was around 4k sat, so all in all good times.

I am not sure what to make of the drama, but if it does pan out now is the time to buy and not back when this thread was started when Sig was trading for 2k plus. I am no longer mining it as with the reward halving and low price it is cheaper to mine something else and buy this directly, but then again my bags are now full enough for my liking until the dev situation sorts itself out a little more. We might make another drop or two before going up again, so I think keeping any buys to sub 1k would be the best strategy for now.
527  Alternate cryptocurrencies / Mining (Altcoins) / Re: 1080ti Rig - Does RAM matter? on: August 16, 2017, 08:50:57 PM
I have several 1080TI rigs on Windows 10 and 4 GB is plenty. Running just the miner only uses 1.7 GB when reviewing in Task Manager. I have looked at this with 4 and 8 GB installed and the amount used does not change, which is what you would expect of course but sometimes Windows is weird with its memory management.

Another thing you can do if you are still worried is increase your swap file size, Claymore recommends 16 GB when running his software although I never seen it use that much even when initializing. However, by doing this you would bring the total usable memory by the system to around 20GB (I say around because again Windows, it will be 19.xx something).

Now this was the answer I was looking for!!! Thanks a lot. Great answer. This I can actually work with. Howmuch is ''several 1080ti's'', though? Anyway, this is a real answer that I was looking for. I was about to say I will be using mostly Claymore as well and Skunk.  Wink

The largest 1080TI rig I run has 6x cards, the smallest 4x cards. All of them use < 2 GB RAM when mining, and most of that is actually reserved by Windows as the actual miner software itself is only utilizing a few hundred K of memory. Of course you do need Windows and drivers, etc loaded into memory too, so sticking with the ~ 2 GB figure seems pretty accurate, meaning a 4GB stick is plenty. Again with virtual memory (swap file) set to an appropriate size you are covered in any event.

Update, I also verified when mining Signatum (Skunk) that memory does not increase at all, stays right around that same 1.7 GB number. I also watched as Claymore initialized and generated the DAGs, no appreciable difference in system memory utilization, again I stand by my 4 GB is plenty recommendation.
528  Alternate cryptocurrencies / Mining (Altcoins) / Re: AMD Releases Driver for DAG Issue !!! on: August 16, 2017, 08:18:50 PM
Power consumption is too high on those drivers. Wait for fixed version

Confirmed, my power usage shot way up too with the new drivers and a lot of screwing around to get them to work with the modded BIOS, not worth the extra hash rate for the increased power usage.

Someone needs to clue AMD in that it's a balance, we could get this slightly increased hash rate before if we threw concerns about power consumption to the wind and just wanted to go all out and max our hash rate.

If AMD wants to be really helpful, they would not only give us a specific optimized mining driver (better than the current beta) but also AMD generated/approved VBIOS files that are highly optimized for mining as well.

Since I am a glutton for punishment, I thought I would try this on a couple of 480's with stock BIOS settings just in case my earlier results were due to an incompatibility introduced by the aforementioned modified BIOS files.

Nope, same dismal results, probably even a bit worse. I didn't have to fight with the drivers as much and could skip the pixel patcher step, but overall the results are still pretty bad. If you have free electricity and live somewhere near the North Pole this mod works wonders for keeping you warm while hashing, but for the rest of us its pretty much a pass.

The only hope is the AMD is at least trying to throw miners a bone, but it remains to be seen how successful they will ultimately be at it.
529  Alternate cryptocurrencies / Mining (Altcoins) / Re: AMD Releases Driver for DAG Issue !!! on: August 16, 2017, 08:00:45 PM
Power consumption is too high on those drivers. Wait for fixed version

Confirmed, my power usage shot way up too with the new drivers and a lot of screwing around to get them to work with the modded BIOS, not worth the extra hash rate for the increased power usage.

Someone needs to clue AMD in that it's a balance, we could get this slightly increased hash rate before if we threw concerns about power consumption to the wind and just wanted to go all out and max our hash rate.

If AMD wants to be really helpful, they would not only give us a specific optimized mining driver (better than the current beta) but also AMD generated/approved VBIOS files that are highly optimized for mining as well.
530  Other / Meta / Re: Busy, try again (504) on: August 16, 2017, 07:07:40 PM
This error seems especially bad as of late. Normally I would get it every once in awhile, meaning maybe 1-2 times a month, but this week has been almost constant.

Just going from page to page in a thread now involves suffering through at least one error message, waiting a few seconds and refreshing the page. Trying to post is also quite impossible at times.

I actually came here to see if it was being talked about or if not, maybe something is going on with my Internet connection or computer. Didn't really see the mass of user complaints I would expect, so I might check out my end anyway.
531  Alternate cryptocurrencies / Mining (Altcoins) / Re: www.nvminer.com is this a scam? on: August 16, 2017, 04:11:32 PM
I had posted this response in their thread earlier:

When I read the description I thought the inclusion of 4 Ethernet ports was a bit odd. When I went to the nvminer website, the product picture looks suspiciously like that of a mid-range firewall one would add in a mid-range business. The front panel controls looks like maybe a CheckPoint product, but I couldn't find a matching picture on their site. It also could be a tipping point or actually any one of the other of the multitude of FW vendors, but with the 4 Ethernet ports and that control panel in a 19" 1U rack mount chassis my money is on a firewall or some other network appliance and I am sure someone will be able to find where the picture was stolen from.

While I do not know for sure if it is a scam, the familiar looking chassis configuration, and cramming that much GPU processing power into a 1U chassis (1.75" height) seems a bit improbable. Even if someone did put that many GPUs on a single motherboard, getting rid of the heat would be the main challenge and I just don't see it here. Those small fans used in these types of chassis can certainly spin fast but just cannot compete with overall airflow needed to cool such an arrangement. Maybe if this were a 2U or 4U rig, but 8 GPUs worth of heat in a 1.75 inch high enclosure?

Plus since they take Bitcoin only they can use any physical address to lend legitimacy (probably stole it from company you linked above who knows nothing about them), then create a website, Photoshop a couple of obscure network appliance images with their logo and part number, and presto instant legitimate looking business. I would say if you like your Bitcoin it is best to keep it and not give it away to these fellows.
532  Alternate cryptocurrencies / Mining (Altcoins) / Re: Weird Pixel appearing with NVIDIA on: August 16, 2017, 04:05:32 PM
I had these fragments on monitor, not on TV, when I overclocked too much my cards.

I was going to say that I have seen these artifacts as well when too much overclocking has been applied.

OP, if you cards are prone to crashing I would back down the overclock just a bit, especially memory. If not and you can run for days on end with no problems other than the artifact, than I wouldn't worry about it too much and just soldier on.
533  Alternate cryptocurrencies / Mining (Altcoins) / Re: Just had an idea, but not sure how "legal" it is... on: August 16, 2017, 03:46:41 PM
If it were legal you wouldn't be online on a forum like this asking if it were. Anyway, the easier solution would be to contact the school's IT department and ask them if your plan is OK and get the answer in writing if they would say yes.

But you and I and everyone else who reads this knows darn well the answer is not going to be yes.

As already has been mentioned they will most likely block this type of traffic, or at least be monitoring for it so as to become aware of it. When I worked in corporate IT, I remember any public computers such as you describe also had a software installed that would basically revert the image to a known good baseline upon reboot, this coupled with a daily automatic reboot policy would wipe out anything like this that was installed anyway.

Plus being a grad student, I don't think you want all your educational efforts diluted by a "tried to hack the school's network" annotation to your records, much less any criminal charges they might bring. It probably wouldn't come to that as I am certain they probably revert any changes as mentioned above and wouldn't worry about it unless you tried doing it everyday to workaround their system, but then again why take the chance.

Edit, I  misread the first time, but anyway just substitute apartment complex manager for anywhere I said school and the same principles apply.
534  Alternate cryptocurrencies / Mining (Altcoins) / Re: 1080ti Rig - Does RAM matter? on: August 16, 2017, 03:39:58 PM
I have several 1080TI rigs on Windows 10 and 4 GB is plenty. Running just the miner only uses 1.7 GB when reviewing in Task Manager. I have looked at this with 4 and 8 GB installed and the amount used does not change, which is what you would expect of course but sometimes Windows is weird with its memory management.

Another thing you can do if you are still worried is increase your swap file size, Claymore recommends 16 GB when running his software although I never seen it use that much even when initializing. However, by doing this you would bring the total usable memory by the system to around 20GB (I say around because again Windows, it will be 19.xx something).
535  Alternate cryptocurrencies / Mining (Altcoins) / Re: Ethereum GPU ASIC MINER - NVMiner on: August 16, 2017, 03:21:08 PM
When I read the description I thought the inclusion of 4 Ethernet ports was a bit odd. When I went to the nvminer website, the product picture looks suspiciously like that of a mid-range firewall one would add in a mid-range business. The front panel controls looks like maybe a CheckPoint product, but I couldn't find a matching picture on their site. It also could be a tipping point or actually any one of the other of the multitude of FW vendors, but with the 4 Ethernet ports and that control panel in a 19" 1U rack mount chassis my money is on a firewall or some other network appliance and I am sure someone will be able to find where the picture was stolen from.
536  Alternate cryptocurrencies / Mining (Altcoins) / Re: Nicehash vs Buying Coins vs Mining on: August 15, 2017, 10:23:18 PM
I've just compared switched my small farm (5 Gh/s Eth) to Nicehash and I'm not happy at all. While the idea of just mining the most profitable algo is compelling, there are a few challenges:

* It doesn't use the best/most efficient miner (often you get better rates with modded miners targeted to your HW)
* OC settings are incredibly hard for multi-algo, wich means you need to go subtle / generalized OC and loose a couple Mh/s there too
* Fees are too high (its just too high)

I switched back to Signatum mining using ccminer for now, still exploring better mining options.

Buying coins is a safe choice and the most passive option so you don't invest your time. If you put a number behind that its the most profitable I assume. While I'm in for the long game and its exciting to figure out new stuff I would have been better of investing the money just into BTC or ETH.

You can use claymore or any other miner to mine at nicehash.
I've always assumed that the "accepted hashrate" chart is wrong, cause it is ALWAYS lower than the actual hashrate my rigs are producing.

I got 500 Mh/s ETH, at nicehash its currently showing 350 Mh/s as accepted speed. Does that actually mean it doesnt accept the the full "speed" I'm producing?
I got 0% rejected speed.

Am I losing profits?

Your miner is basing its hash-rate figures on how much work it is doing. Even though it is performing the hashing function it may not be generating acceptable shares at the rate the pool uses to estimate how much hashrate x number of shares over a certain timeframe equates to.

Pools such as Nicehash can only use how many valid shares they receive from your miners as a metric and then use that figure along with time to display a guesstimate of your hash-rate. Luck, latency, pool issues, developer fee shares, or even subtle miner hardware fluctuations can all contribute to a large difference between submitted and accepted share-rates at the pool compared to what you miner is displaying.

As far as are you losing profits, in almost all cases mining at Nicehash will result in less profits than mining a coin directly and then trading it yourself. Consider Nicehash charges buyers 3% to "rent" your hashrate. They also charge you 3% for the privilege of renting it out to the buyers. Also consider the people buying or renting this hash-rate need to overcome this spread in order to profit on whatever coin they are after, so assuming they aren't losing money this needs ot be an additional 2-3% or more profit to make it worthwhile. So adding all this up, as a seller you need to overcome from 6-10% of fees to make what you could just by mining whatever profitable coin people are willing to pay Nicehash to mine for them.
537  Alternate cryptocurrencies / Mining (Altcoins) / Re: Nicehash vs Buying Coins vs Mining on: August 15, 2017, 10:11:01 PM
Ok, so based on this, you would suggest using that 3k to either invest in more equipment, or buy the coins directly?

I would buy the coins you are interested in directly. Mining can be fun and profitable, but right now is not the optimal time to get in due to the hardware prices still be at the peak and with just about every coins difficulty still rising.

To be profitable in mining right now requires that the coin(s) you mine keep appreciating in value just to keep up with the difficultly increases. Since you are relying on this assumption (that market price will rise) with either the mining or buying scenarios, you may as well just buy and avoid all the hassle.

In a few months when if/when mining stabilizes again and when hardware prices begin to return to normal, then maybe reconsider getting into mining. Also, I would recommend spreading your money around a bit into a few different coins to help spread the risk if one would suddenly tank and not recover.
538  Alternate cryptocurrencies / Mining (Altcoins) / Re: I'm about to lose my s**t...... on: August 13, 2017, 04:21:41 PM
would my ribbon risers work periodically and then not?Huh

If you are using ribbon risers, stop wasting time and buy all new USB type risers. Ribbon risers are mechanically fastened to the end connectors.

Adaseb was being incredibly polite.

5 year old ribbon cable risers aren't worth crap.

Yes, I agreed. I would first suspect the ribbon riser issue. A new ribbon riser might create a lot of problem, and yet it is 5 years old.

Did you observe your GPU temperature and also physical equipment temperature, especially ribbon?

I 100% agree with the previous comments on this issue regarding of losing the ribbon cables.

As to your question, yes it is indeed possible and actually quite likely they did become brittle and the electrical pathway broke internal to the ribbon, meaning you wouldn't necessarily see the damage from the outside. The wire diameters used in ribbon cables are incredibly small, thus why most of them use two ribbons for the entire assembly. If the wire in one of the two ribbons broke this could very well cause the periodic works/don't work symptoms you describe.

A few years back I used to use ribbon too as at first that was the only choice we had, and even when USB risers first came out it was hit or miss on the quality. Newer risers have pretty much addressed most of those issues and functionality can now be taken for granted. Plus using risers often allows greater flexibility with GPU positioning than is possible with shorter ribbon cables.

In larger quantities (10+) they can usually be found for around $6-8 each, so while you may spend double that of a cheap ribbon cable, I think the benefits are clearly worth it.
539  Alternate cryptocurrencies / Altcoin Discussion / Re: OmiseGo on: August 13, 2017, 02:11:34 AM
Just like with PayPal you would have a balance on their service. You could continue to use the service as you have in the past or you could choose to instead redeem some or all of your balance for OMG tokens. The token would then hold claim against your balance until it was redeemed by someone else.

The question would remain on if they would value tokens 1:1 with an exchange rate or would instead have some sort of contract instead, i.e. this specific token for this address is worth $500. I do not believe they are expecting the actual deposits and redemption to be made outside of their network though if that is what you are asking.

With paypal you send your fiat money to a centralized company which then will hold your fiat money. In a peer to peer network, who do you send your fiat money to? maybe I did not got your point? Can you explain your sentence with an example?

It will not be a pure peer to peer network at first, as it will require some type of centralization, mainly utilizing the existing Omise infrastructure to on-ramp fiat into the blockchain as you keep referencing.

The other avenue they are pursuing appears to be that they will also be using external (again meaning centralized) exchanges to kick-start the OMG token, which their longer-term plan is to supplant, or at least coexist with, a decentralized blockchain exchange.

There is no magic want to get from our current fiat system to a pure peer-to-peer system as it requires value and trust. The value will initially come from external and yes centralized entities, but their hope is over-time OMG develops the trust to take on a more decentralized approach.

Demanding that someone come up with all the answers at the onset of a project is foolhardy. As long as they have a long term vision and the current infrastructure to support it, I am sure they will work out the issues over time. I am not claiming they will necessarily be successful, but they are one of the very few ICO projects that have a plan and the means to start executing in a meaningful way.
540  Alternate cryptocurrencies / Mining (Altcoins) / Re: What the hell happened to mining profitability while I was waiting on my 1080? on: August 12, 2017, 02:32:47 PM
You failed to take into consideration the ever increasing mining difficulty. Even with the price recovery, difficulty has steadily increased over that time period which basically means you will generate less coins with the same hash-rate as you could a month ago.

Just some making up numbers for a basic illustration, but assume when you first were looking at your figures where ETH was at a difficulty where you could mine 1/ETH day at your hash rate. Now the difficulty has doubled and you can only mine 0.5 ETH a day, or it now takes two days to mine one ETH.

So in this example, a month ago you could make $300/day when ETH was trading at $300. Now even though ETH is again trading in the $300's, you will only make $150/day since it takes you twice as long to mine the same amount of coins. This declining profitability ratio will continue until the mining costs versus reward balances out. I am not sure exactly where this will be, but I would expect it to be well under $1.00 average net income (minus electricity) per card per day.

So yeah, I think 120 day ROIs are pretty much a fantasy at this point in the game. You might get lucky and with a big enough price spike past $400 (using ETH as an example) you might get a small window of increased profits, but realistically you are probably looking at a one year+ time-frame just to break even.

Also don't count on some unknown miracle coin bailing you out, as all the people mining ETH, Zcash, Signatum, or whatever the coin of the moment is will also be looking to jump over at a moments notice. The name of the game now is survival, this means that only those with hardware already paid off, or very close to it, and those with low electrical costs will survive and flourish once the bloodbath is over
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