Okay and back on topic, it looks like a showstopper bug has shown up in their segwit2x code. They've hit the >1MB hard fork on testnet which refuses to accept a block unless it is bigger than 1MB: https://github.com/btc1/bitcoin/issues/65At this point there aren't enough transactions to create a second block with more than 1MB of transactions on testnet, leading to a fork with 6000 blocks that aren't using the 2x code and the two forks not speaking to each other. They argue that mainnet is busy enough that there will always be blocks with more than 1MB of transactions so it won't be a problem. This is utter bullshit as over the past week I've seen my mempool easily get down below 1MB of transactions now that the transaction spam has ended on mainnet. Making a followup block mandatory 2MB when nothing forces mining to do so is a showstopper IMO. Now they're all scrambling and arguing how to tackle it... This is going to be interesting. I might start selling popcorn. that means that this segwit2x fork will activate only if miners built a block with more than 1mb? And if not the network will be stall until this happen? lol What a crap is this  wasn't this supposed to be activated in two steps, one is the segwit and then the hard fork? which is why miners were not in agreement with this one? also what's up with all this bugs in those new "chain" that are not with core, seems that only core dev is competent here |
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If JihanCoin will make me money in the long run and he can convince me that it would remain decentralized, then sure, I would use it.
As it stands right now, I am not yet convinced.
Most people don't give a fuck about decentralization Bitcoin is already centralized beyond any hope as any PoW coin will eventually be (provided it has any value, of course), and how many people stopped using it just because of this? They are going to stay with Bitcoin "no matter what" (as the poll suggests), but they scarcely understand that this genuine Bitcoin is not a lot better than the Bitcoin wannabe Jihancoin. All they care for are either sheer profits ("buy low, sell high") or future financial power which, as some of them strongly believe, Bitcoin would give them when it becomes the next American dollar some do, with the new bitmain shitcoin chain you will have 100% centralization, which is not what bitcoin have right now, we are not that centralized at the moment they also know that is a lot better, otherwise they would buy any shitcoin now and forgets about bitcoin altogether, which will never be the case |
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you are here for the long term? just hold, you really think segwit will kill "again" bitcoin
if you want to be pump and dumper as many other, dump and buy back for cheap
forgets altcoin for now they are more in trouble than bitcoin, everythign is in red
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Working on nexus #7 now.
Then cryptonite #4 and bitcore #2
interested in the cryptonite |
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Here lets go down the list.
Bitcore is 58% faster 1070 to 1080ti
x17 is 56% faster
Tribus is 65% faster
Skein itself is 65% faster
Blake14r(Decred) is 69% faster
Equihash is 51% faster
Library is 68% faster
Lyra2v2 is 69% faster
wrong on x17 you can do 70% faster, 20MH with a 1080ti versus 11-12MH skein is 85% faster, again wrong, 550MH versus 1GH equihash is more like 60%, 480 versus 780 lbry is 300 versus 500, so less than what you have i don't know where you pulled those numbers but they are all wrong...i have both card and i tested with the best miner for 1080ti, the alexis 1.0 not ccminer 2.0 |
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i have a different opinion on this one, for me a fair value is the one that allow miners to have their profit, any value that is below this threshold is not a fair value for the currency
also the one that say that the fair value is the one that the investors are willing to pay, could be true but it doesn't take into account the heavy fluctuations
the average that investors are willing to pay could be considered better as a fair value
The fair value of a currency (any currency) doesn't have absolutely anything to do with the cost of keeping the ledgers, neither with the cost of creating the money, nor with the cost of transferring the money. It just doesn't have anything to do with that. I recommend you to read the article. i know but here it's different, without he miners you don't have bitcoin, therefore if they don't have they minimum profit, you don't have a currency, which make me think by logic that the fair value can't be lower than the one needed for them to have their profit you can't compare it with fiat for example where there is no mining, and probably you can't compare it with gold either where mining is not that important, beacuse you can make gold from nowhere artificially That's also not true. If the price of bitcoin dropped, for instance, to 1 USD, miners would charge more BTC for adding transactions to the blockchain. Mining is a service which is payed in bitcoin units, as well as any other service that could be payed with BTC. Mining business profit doesn't have anything to do with the bitcoin price. But if you still don't believe it, you can read the article posted at the beginning of the thread. miners don't control fee at all, it's the user that decide, they just prioritize the transaction, but they must prioritize some transaction if they want to earn from fee, if they don't prioritize any because they think the fee should be higher, they would get nothing out of it, which is worse here mining is a crucial part of the bitcoin ecosystem, it's not somethigng that you can leave behind, there is no bitcoin without mining, and fee alone is not enough to sustain the network, and i don't think investors are willing to pay 3x or 4x higher than the current fee which is already very high also if the value go to $1 like you said, the fee would also suffer from that Fee is set in a market. What the users are willing to pay against what the miners are willing to charge. Both set the price of the fee. If the price of BTC drops to 1 USD, then the fee will be multiplied by 2620 (at current BTC price in USD). It will be the same fee in USD, not cheaper, neither more expensive, the same. Nonetheless, this doesn't have anything to do with the title of the topic. What it is presented in this topic is an economic discovery that allows you to find the price of a currency without relying on any market data at all. If you find time to read it, I am sure you'll enjoy it and appreciate it as much as I do. fee will not be multiplied automatically, if none is willing to pay that fee, the miners will simply accept less fee and lose money because they can not sustain the minign activity with a value of 1 usd again miners don't charge anything, they just pick the highest fee transaction to earn more, if the highest is 1 usd they can't do anything to force the users to pay more |
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don't compare the volatility of some alt with bitcoin, altcoin have no volume it's easy to manipulate anyone with few thousands dollars can make the market at his disposal, especially on those new shitcoin
on the other hand bitcoin, have real supply and demand, people willing to buy at certain price because they are believer because they need bitcoin to buy stuff, there is an usage of bitcoin and demand for that is what making the price increase
also the miners don't have any factor here, what matter are always the buyers, which are also sellers, if they need to dump and go out of the market
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i would wait and not investing on august until everything is set, , there is a chance of a dump, better to wait and have the possibility to buy cheaper coin
this happened with eth too at early after the fork there was a price decrease, well it was due to the fear of that ahcking, but also because of the fork
anyway if you are here of the longterm, who care what will happen in 1 month, bitcoin will not die, this is the only thing you need to know to buy safely
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a split do not work like that, the main chain will retain the value, the second chain will have a less value, there is no way that both preserve the same value or that the value will reduce to 1/100, that's stupid
remember that one of the two chain will be an altcoin, just that the other will be the one used by everyone else, also this happened with some alt, like ETH, did eth lose its value? no...
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well until they regulate it like japan you will not get far away, random shopping accepting bitcoin on theri own isn't helping much i think, it has been like that since years that some random small business enter bitcoin
but the adoption do not increase because of that, you need what japan did, and in fact the value skyrocketed after that
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Stupid poll. Where's the option for "Fuck segwit, it's poision. We need a big block for to 8mb asap!"?
worst idea, which is not helping bitcoin to solve the scaling problem anyway, so why bother with hard forking, which will split anyway the chain? segwit without the hard fork is the way to go for now, until better solution come up, it's not about finding the best solution but just the best we have |
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What are you mining to earn 150 a day using 2800 watts?
i don't think it's possible anymore, right now you can do at best $2500 a month with 2300 of watt, 150 sounds something out of 1 month ago, now the profit on the altcoin is way less |
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in 100 years we will have quantum asic basically guaranteed, i guess with one of those you can easily mine with, the diff would also increase dramatically by then that only few biggest farm will be able to mine, and centralization will be worse than today
also i can't think thatt he current tech can advance anymore after 10nm it will be tought for the current technology to advance, intel will go to something else than silicon, which will be at its limit
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because their governemt protects them from scam
what is stopping someone from mining big amount of coin and dump it for bitcoin to buy this ico scam? how can the government enforce rules on something so out of hands? if investors really want to be protected they just need to avoid being scammed by ignore all the ico, i don't think they need a law for the common sense... You forgot that those "investors" are always looking for easy money. And because of that they don't see ICOs as a way to help and be part of a promising project, but a quick way to buy those tokens cheap and dump them after the release of the project. That's why they blindly invest in all new ICOs in the market. Yes, they can't really control them. But the same way the US government wants to protect their citizens from fraud schemes by going after them, they could go after ICOs because they are not regulated and most of them only care about the money collected during the crowdfunding phase. Do you really think those governments should just let those schemes operate without any control and just say to their citizens "if you don't want to lose money, don't invest in scams" ? isn't this the same as gambling, i see no difference, is gambling prohibited on the USA? if no then it smell like hypocrisy, poeple will always gamble with their money, they can even meet with a stranger and gamble on anything they want i don't think this is even remotely stoppable, and with ico is even worse because they offer big anonymity |
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uh the point is simple, to ensure the security of the network first, and for that you are rewarded with an amount of coins per block, there is no other reason
they obviously they turned it in a business but the idea was very simple, you do nothing and get paid, it's also profitable now with current price of bitcoin
but to be honest mining was always profitable
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well it's not too far from reality, if wall street join the market, we can have that value by the next halving, i'm also on the side of those that think that by the next halving $10k will be the new stable value
but we all now that these kind of prediction are all bullshit for the long term, just wait and see it can shot to 10k even in this year if segwit do good
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litecoin taking over bitcoin is indeed a joke, there is no coin that can be used for normal shopping other than bitcoin, this retail thing that use litecoin it's probabl fake or you made it up, where is the proof of that?
litecoin also was abandoned by numerous shop back in the day, because it was pointless to have two coins doing the same thing, and bitcoin do it better
ETH also i can't see how it's suited for purchasing stuff on the web, ETH is more of a platform thana payment system, i see ETH as a support coin, that can help some project not a contender for bitcoin
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 x 28 |
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i think 16.5MH with a 1080ti overclocked is possible, yeah i was right, just tried...  Test it for 1h, will it crash?  it's perfectly stable at 15MH for days, but at 16Mh i didn't try because with this summer i don't to stress the gpu at 80° you don't have the private miner i think
Yeah I do - started with it yesterday. that's strange, i do +125 core and 250 mem now with 80% and i'm at 15MH to reach 16MH and above you need 100% tdp +100 on core mem 300 I've tried on a variety of models. Current single one sitting in my daily rig is at 100% TDP +150/-500 pulling 14,000 atm. Doing your +125/+250 @ 80% gives me mid 13,000s  i have the palit super jeststream, what do you have? Bunch of founders editions. MSI GTX1080TI ARMOR ASUSCOMP GTX1080TI FE oh, i missed that try with 20 intensity, that's the trick |
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you don't have the private miner i think
Yeah I do - started with it yesterday. that's strange, i do +125 core and 250 mem now with 80% and i'm at 15MH to reach 16MH and above you need 100% tdp +100 on core mem 300 I've tried on a variety of models. Current single one sitting in my daily rig is at 100% TDP +150/-500 pulling 14,000 atm. Doing your +125/+250 @ 80% gives me mid 13,000s i have the palit super jeststream, what do you have? |
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