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There's no danger of doing any damage to your computer. Also, you can set the % low so that you don't stress out the CPU and you can continue to use the PC at the same time. As to whether it's worth it financially, we don't really know yet as Wetsuit hasn't finalised the mining reward. This will happen after testing is complete and it has been rolled out to the whole userbase. Then we can work out if the rewards cover the cost of electricity.
I really don't think it is mining BTC directly, I assume it's mining XMR and that's being traded for BTC.
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The only way to learn to trade is directly from someone who can do it themselves. Nearly all trading educators and writers of trading books are actually failed traders who have found a much easier way of making money, praying on noobs and wannabes. Before you listen to or buy anything from anyone ask to see their broker statements to prove they are what they say. Also, check out: https://www.tradingschools.org/ |
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What mining option are you talking about, guys? I have no such option in my account, but I think I got it, it's in testing mode in some accounts. But what is it? Can some one who have it post a screenshot maybe? Is freebitco.in starting cloud mining or is it something else?
Sure it looks like this:  They haven't really said what it is yet. Use your browser to passively mine bitcoin and receive mining rewards instantly to your FreeBitco.in account, credited every 5 minutes. Please note that this feature is currently experimental and is only available to a limited number of users. Once it is rolled out across the website, we shall be able to increase the mining rewards further. Click on START MINING and then adjust the number of threads and CPU percentage to use for mining. Usually the higher the number of threads and CPU capacity that you use, the greater your mining rewards will be. The default is to start with as many threads as the number of CPU cores that your device has and 100% CPU usage. Lower the CPU usage when you are using the device for something else and increase it to 100% when your device is idle. Mining will stop when the STOP MINING button is clicked or this browser tab is closed. You can use your account to mine from multiple devices at the same time. Mining rewards are automatically credited to your account for every satoshi that you earn and the TOTAL MINING INCOME in this page shows the total rewards that you have received from mining since the beginning. |
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Please quote and verify! Thanks! 1FkhB8JwAc8yNRQBgez1ePPyzLb8QcuAuu Bitcointalk.org account: yan.markevich Bitcoin address: 1FkhB8JwAc8yNRQBgez1ePPyzLb8QcuAuu Date: 20 Sep 2017 IFe6MjTgF57L8F/O2xBn0O2MEySAU/4rXcAU3gB9YPeiSt+a6pczlRu5PySDD8EjXHsJAxaXwU88P7LiTn3eqj0= |
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As far as I know the package power is the total power the CPU consumes.
In that case mining is using @ 10% 5w @ 20% 8.5w @ 30% 12w I didn't go any higher as I work on this thing all day so I need performance and don't want to listen to the fan. Finding out how many sats an hour is going to have to wait for Wetsuit to finalize things as it says this on the website: "Please note that this feature is currently experimental and is only available to a limited number of users. Once it is rolled out across the website, we shall be able to increase the mining rewards further." For the sake of paying for 8.5w I'm just going to leave it on for now. |
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Regarding the power consumption, you can use a software like HW Info to check how many Watts your CPU is using when idle and when mining and then do the calculations to see if mining is worth it for you. Thanks for the link I'll check it out later. Ok I've had time to do that now. just a quick question on interpreting the information. CPU power has 3 different values: CPU Package Power IA Cores Power GT Cores Power The last one is the onboard graphics and the value doesn't change when mining. My question is Package Power the total or do I need to add it to Cores Power? |
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that is a crazy shit rate you got there. i have a i7-6th gen 6700HQ @ 2.60ghz and my rate is only from 45 H/s ~ 50 H/s with 20 threads running. It nearly crash my laptop when i set to 30 threads. Why my processor is better than yours has a lower hash rate? LOL. Btw, my browser is crashed after i leave the mining on for like 3 hours.
You're comparing a desktop with a laptop, the processors are very different beasts. Laptop ones are designed for efficiency ahead of performance. My old i53570K @3.40GHz is giving me 60H/s. But power consumption is 67w idle to 121w peak. Your i7 maxes out 45w. Regarding the power consumption, you can use a software like HW Info to check how many Watts your CPU is using when idle and when mining and then do the calculations to see if mining is worth it for you. Thanks for the link I'll check it out later. |
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I'm pretty sure this JavaScript mining executes the Cryptonight algorithm, which is used for Monero mining. I tested it with a 4-th gen Intel Core i5 and it achieves about 60 H/s, which leads to roughly earning 1 satoshi per minute in your FreeBitco account, so unless you have very cheap electricity you will mine at a loss. This was to be expected from a JavaScript implementation. A native CPU miner is much faster, for example the same processor achieves 130 H/s (i.e. 2 times more) with the Nicehash miner and currently they pay roughly 2 times more for mining Monero, so currently you will get 4 times more bitcoins mining Monero with Nicehash using your CPU. If you have a modern graphics card you can earn even more. That's why currently it's better to use Nicehash for earning Bitcoins and then if you want you can easily deposit them to your FreeBitco.in account for the interest. The only disadvantage is that Nicehash has a 0.001 BTC minimum payout compared to freebitco.in 0.0003 and if you're already claiming the faucet and have referral income that does not really take long. On the question of electricity consumption is there any way to calculate how much extra power is being used if you set the mining to use only 10% or 20% etc.? If the computer is being used all day how much extra cost am i incurring by having this in the background? |
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In my account, I couldn't find any mining button option. Is it implemented if so then an admin should have announced it right?
It's still in testing and hasn't been rolled out to all users yet. It wasn't there for me last night when it was reported on here but it is this morning. It looks like they're slowly adding more users in. From the site Please note that this feature is currently experimental and is only available to a limited number of users. Once it is rolled out across the website, we shall be able to increase the mining rewards further.
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Is there any way to verify the lottery system. This win is pretty much odd to me. However anyone can have luck like his but was wondering if there is a way to verify the lottery system.
Yes, it's a provably fair system you just have to follow the instructions on the site to verify each draw and winner. |
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Is there a significant difference, Forex is a slower market, but in the crypt it all depends on you, and the trade is easier and more profitable. As for me, Forex has passed the day, but many are more comfortable there or a habit.
You want to try a USD pair just after the monthly Non-Farm Payroll data is released or this afternoon when the FOMC statement comes out. Those algos the hedge funds are running on custom built machines colocated at the exchanges will rip your head off compared to crypto exchanges. |
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It's just being implemented at freebitco.in as well. You can adjust the CPU usage from 10% through to 100% so you can leave it running in a tab while you're working on something else on your computer.
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the question is how someone who is doing such a thing is handling the risks and what are his/her plans for each scenario in case something went wrong. for example can they pay back the mortgage if they lose it all in trading? if yes, then i don't really see any issue with something like that if they can accept the risks.
Exactly the point. If they have a secure job and can comfortably make the repayments every month then there is very little risk at all. Why leave all that equity tied up in your house when you could potentially make a good return on it. |
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So, “alternative investments” could point to cryptos but it could also point somewhere else.
It is a bad way of investing anyway, no matter if you do it to invest in cryptos or the stock market.
Not really. Secured mortgage lending is about the cheapest way of borrowing there is. For someone who is sitting on a large amount of equity in property and has an income that can easily sustain the mortgage payments, it makes more sense to leverage their investments this way than any other method. I wouldn't describe leveraged investing as a bad idea but it is for the more risk tolerant, ie those that can afford to lose it. |
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Forex trading is nothing but gambling i never understood shy add the word trading to it as you just determine weather the price will increase or decrease it has no effect on the market at all.
On other hand crypto trading is actually buy low and selling high we do determine or assume certain prices but st the end it is way more safer and morw profitable than forex for most people.
Forex trading isn't anything like gambling, it's not a game of chance. You may be better informed and suited to trade crypto than you are forex, but to say that is the case for everyone is just plain wrong. |
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That article cites the FT as a source without giving a link for reference, I'd like to see the original piece as it's probably based on anecdote rather than evidence. With ever-increasing property prices in the UK, it's not really at all uncommon for wealthy people to remortgage to release equity. That some of it will find its way into crypto is not in the least surprising either.
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1E5KzNmranaW1yyUxtyCbP32aF3NGvVxun 4hrehUQ8NodQU9MbhLxwB0G7phNBGvuQzoE62s7Zd92vQDJavYLZAmoZXRbXh2Igh6g7wO5ogtYZ0 This didn't verify "Failure: Incorrect padding". you might want to try again and verify it yourself somewhere like http://www.coinig.com/ |
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Just quoting the site: Please note that this feature is currently experimental and is only available to a limited number of users. Once it is rolled out across the website, we shall be able to increase the mining rewards further. Thanks that explains it. I just wondered if it was restricted to certain browsers or something. I didn't want to miss out. |
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Freebitco.in Now Start mining
Nice idea, bad implementation IMHO. If you start mining in browser, you don't get notification when the timer runs out and the autorefresh to the claim page just does'nt work. So you will get a few extra satoshis mining, but you lose those free claims - especially if you are like me with ~1000sat/hour minimal claim. Maybe what will be best is CPU mining pool - you can use more miners, more OS'es, more optimisations to the miner itself. Just my 2 cents. For some reason I don't have access to mining yet but is there any reason you can't have 2 tabs open, one mining and one with the timer? |
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 Oh boy, this is interesting now. Is it mining monero? Why not run a multipool as well, so we can point some real hardware at our freebitco.in balance ;p Where is that? I'm not able to find it on the site. |
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