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901  Alternate cryptocurrencies / Mining (Altcoins) / Re: RTX 5090 and others on: October 04, 2023, 10:56:40 AM
any good coins worth mining with this?

No, it doesn't even exist yet.

The specs seem like they will be pretty good though.  With the GPU market in shambles at the moment and even with cheap power mining isn't very profitable, I wonder if this next gen of GPU might not be a bad pickup to run for the next couple of years while the market recovers.  I could see this next generation sticking around and staying profitable for the next 3-4 years maybe.  While that isn't as great as the run the 1080 or Radeon VII had, today that seems like it would be a dream come true.  I might have to pick one up to see for myself.
I always advise beginners to avoid hot video cards. These video cards will be very expensive, and one of the reasons will be the lack of competitors in the market. AMD doesn't even have any rumors about a competitor to the 5090 video card yet.
And if there are problems with overheating, you will have to disassemble the expensive video card to install better thermal paste and thermal pads and lose the warranty.
902  Alternate cryptocurrencies / Mining (Altcoins) / Re: New 12V-2x6 power connector on: October 04, 2023, 10:51:53 AM

They probably did and it turned out to be fine. However you know how it is, until you get a mass distribution you can never tell if something is reliable or not. Take cars for example. Manufacteurs put in billions of dollars of R&D and they end up having to recall many vehicles leading to billions of dollars in losses, obviously they wanted to avoid this but they couldn't because you cant really get a real world exposure during their R&D testing phases.

The same happened with all these GPUs and power connectors overheating. It was up to code but it was failing anyways for other reasons. Poor contacts or poor conductivity materials could be one of them.
There are always a lot of problems with new cars, and even owners of expensive cars are forced to come to the official dealer more than 10 times over several years to eliminate errors and manufacturing defects. But in my opinion, the new connector should have been tested better, because it is not such a complex product as a car Smiley
903  Alternate cryptocurrencies / Mining (Altcoins) / Re: Just inherited 100 RX 470 8GB cards and may have access to free electricity. on: October 04, 2023, 10:42:24 AM
Where am I pointing these cards?

KawPow looks to be the most profitable on whattomine but 10 dollars a day from 100 cards?

Is there anything else that may fetch more profit?
If you want to get the best profit, then choose the most profitable coin. Today it is DYNEX (DNX)
https://hashrate.no/gpus/470
Mining this coin is good because video cards do not overheat and in this mode the power consumption is less than when mining coins using the kawpow algorithm.
The best profit is $13 per day, but I don't believe that all your video cards will work perfectly. These video cards have a lot of cooling systems without gas and other problems, so the next 2 months will be very busy for you to set up mining and remove defective GPUs.
904  Alternate cryptocurrencies / Mining (Altcoins) / Re: Chia Coin Mining become unprofitable - the coin has fallen in price by 3 times on: October 04, 2023, 10:34:25 AM
The Chia Network project team is having problems:

Chia Network Lays Off Third of Its Staff as Loss of Banker Delayed Going Public
Chia fired 26 of its 70 employees as it continues its pitch to the U.S. Securities and Exchange Commission on going public and is weighing first-ever sales of some of its tokens.

https://www.coindesk.com/policy/2023/10/02/chia-network-lays-off-third-of-its-staff-as-loss-of-banker-delayed-going-public/
905  Alternate cryptocurrencies / Altcoin Discussion / Re: DeFi hacks [history] on: October 04, 2023, 10:28:37 AM
Combining all the incidents in September we’ve confirmed ~$332M lost to exploits, hacks and scams.

Exit scams were ~$1.9M

Flash loans were ~$0.4M

Exploits were ~$329.8M

Picture and graphics

https://twitter.com/CertiKAlert/status/1708094695832682893

Cumulative losses since the beginning of the year amount to approximately 1.34 billion dollars, including various hacks for 925.4 million.
https://bitcointalk.org/index.php?topic=5227888.msg62936942#msg62936942

906  Alternate cryptocurrencies / Mining (Altcoins) / Re: [AIA][CPU MINER] Mining on CPU 1-3$ per day on: October 01, 2023, 02:53:20 PM
This is a good ASIC-resistant algorithm if you need 28 GB of RAM for mining.
But if your coin becomes popular, then ASICs will appear.
Where are the benchmarks and calculator for other processors?
I just discovered that the miner size is 6 GB and consists of 5 files and the files are deleted after 5 days.
907  Alternate cryptocurrencies / Mining (Altcoins) / Re: Unraveling the Bitmain Antminer X5: A Deep Dive into the New Monero Mine on: October 01, 2023, 02:42:09 PM
I thought randomx algo is asic resistant.looks like nothing resistant to asics.
X5 is not an ASIC, it's a bunch of RISC-V CPUs (SG2042, you can google it) packed together, and they even use DDR4 SODIMM memory sticks: https://www.youtube.com/watch?v=RkWGbkJjXa8
This is bad information for miners on processors, because now Bitmain can make ASICs for any coins that need to be mined on processors. Home mining will unfortunately die.
How many SG2042 processors are there in one ASIC?
I just saw 6 processors on 1 board.
908  Bitcoin / Mining / Re: The effect of bitcoin halving on bitcoin mining. on: September 30, 2023, 02:58:08 PM
miners do stand to benefit from Bitcoin's long-term potential, but the immediate impact of the halving on their income can be challenging. Preparing for the halving involves a combination of financial planning, risk management, and a clear understanding of their own financial goals and operational costs.
Industrial miners cannot mine at a loss for very long. Industrial miners sell a portion of the bitcoins they mine to pay for their expenses, and the miners will only make a profit if they are able to keep the bitcoins. But in Bitcoin mining there is a lot of competition among global mining companies.
909  Alternate cryptocurrencies / Mining (Altcoins) / Remote firmware for ASIC KS0 on: September 30, 2023, 02:43:03 PM
video
ADD 60 GH/s TO ASIC KS0 | 160GH/s FROM ONE KS0 | HOW A CHINESE MAN DID THIS TO ME.

I didn’t understand what this Chinese guy was doing, but I didn’t see the ASIC firmware procedure.
The price of this service is 800 kaspа coins for each ASIC.
Electricity consumption increased by 40 watts, and the miner needed new power supplies. Old ones can burn out from overheating.
910  Bitcoin / Mining / Re: The effect of bitcoin halving on bitcoin mining. on: September 29, 2023, 06:33:57 PM
The mood of expectation that HODLers of bitcoin are in for the halving that is expected soon is not the same mood that miners are in for the simple reason that;

As the halving will increase profit in investment for hodlers, it will reduce the reward for mining for miners to half.

I imagine that every miner is also hodling bitcoins and will still benefit the other way from the halving. Am I wrong? Is there anyone amongst us who is strictly a miner that depends on the rewards from mining as income to sort expenses and is not hodling any?

How should miners prepare for the halving?


Miners have several problems:
Bitcoin hashrate is constantly growing
New ASICs are appearing on the market
Halvings
Electricity prices rise every year
If you are 100% sure that Bitcoin will rise in price after the halving, then it is better to buy Bitcoin now.
911  Alternate cryptocurrencies / Mining (Altcoins) / Re: Chia Coin Mining become unprofitable - the coin has fallen in price by 3 times on: September 29, 2023, 06:26:56 PM

I am seeing that many miners are starting to become interested in mining the CIA coin. This coin can be mined at home in silence. Miners do not want to sell the coin at the market price, so they are still accumulating coins. This coin has the potential to grow.


Since price is constantly falling since introduction, who is selling then? Are you suspecting creators
are dumping premine on us?
NO. The premine is in the wallets of the developers

One thing you CAN follow perfectly, are the coins itself. Each coin created has a parent. You can follow parents ultimately until "Genesis", the start of the whole blockchain. When a coin is "spent" it will be destroyed and split into children with new values transferred to the new destination (which also can be your own wallet. Think of "change" when you deal with cash.). You can perfectly trace on blockchain which coins are spent and which are not. The exact premine amount is divided into 4 coins which stay there unspent since May 4th 2021 (really? Exactly 10th anniversary of Star Wars Day? 👍)
https://rudolfachter.github.io/blockchain-stuff/public/chia/chia_prefarm/

Therefore, only miners and traders can sell coins.
912  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: September 29, 2023, 06:21:06 PM
Ethereum Developers Appear Successful in Second Attempt at Holesky Test Network Launch
The original planned launch date of Holesky, on Sept. 15, was supposed to celebrate the one-year anniversary of Ethereum’s historic “Merge” transition. But things didn't go so smoothly. Now developers are trying again.
Ethereum developers on Thursday appeared successful in their second attempt to launch the Holesky test network, after an attempt earlier this month failed.

https://www.coindesk.com/tech/2023/09/28/ethereum-developers-try-for-second-time-to-launch-new-holesky-test-network/
913  Alternate cryptocurrencies / Mining (Altcoins) / Re: Review: The Jasminer X16-Q Mining Rig on: September 29, 2023, 06:17:51 PM

We have sold good few , but not nearly not as much as the Kaspa miners. Problem with Jasminer X-16 they also have manufacturing issue, shortage of the chip supplies, late deliveries etc..
It will still be a mystery to me: who buys an ASIC with a payback of 1000 days?
Kaspa has very dynamic mining compared to this ASIC. My guess is that someone prefers quiet mining, and profit is not their first priority.
914  Alternate cryptocurrencies / Mining (Altcoins) / Re: [AIA][CPU MINER] Mining on CPU 1-3$ per day on: September 29, 2023, 06:10:37 PM
Great profit for mining on a CPU, but if this coin is similar to Ethereum, then why can’t it be mined on video cards?
I didn't find information about the mining algorithm?
You have plans for the 4th quarter of this year "Multi-dimensional sharding scheme". This is earlier than Ethereum.
915  Alternate cryptocurrencies / Mining (Altcoins) / Re: Newegg GPU Trade-In Program on: September 29, 2023, 06:01:22 PM
Something is up. the price for a 3090 is 457

on eBay the cheapest one is 699


if I sell my card on eBay fees would be 150

I would clear 550 and worry about issues

457 is tempting price

I have 20 cards

Of course, I envy that the prices for video cards are so high in the USA, but even if you sell 20 PTX 3090 video cards, you will have to pay extra and buy 20 new video cards, which now have nothing to mine with such a large payback. And commissions on eBay are very high.
But you can try the trade-in program with 1 video card.

yeah I am curious. I do a lot of business with them. In fact I will be reviewing a corsair case for them soon.
I believe that the RTX 3090 video card will be relevant in mining for a very long time, and it makes sense to get rid of such a video card if it is unstable in mining. But on most algorithms this video card will not lose much to the 4xxx series. But if a miner is ready to sell this good GPU for $561, then there are big problems in mining.
916  Alternate cryptocurrencies / Mining (Altcoins) / Re: Newegg GPU Trade-In Program on: September 28, 2023, 06:06:37 PM

At that price I’m sure you’d find some interest here on the forums. I myself might even be a buyer. I don’t blame Newegg. They probably have some deal with a company wanting cheap GPUs and pitched them this idea to procure them at a discount while giving Newegg a cut of the action as I’m sure their GPU business has slowed considerably.
Newegg also sells used and refurbished graphics cards, so I'm sure they don't need a partner to buy used graphics cards. They definitely won’t buy bad or broken video cards, because their specialists will do a good check. And I think the buyer will pay for all the shortcomings.
917  Local / Политика / Правительства постоянно пытаются ограни on: September 28, 2023, 05:47:41 PM
Автор: GazetaBitcoin
Оригинальная тема: Governs try to limit access of public to information and freedom since ages



Эта история стала продолжением других постов автора: 1, 2 и 3.

Правительства не хотят, чтобы общественность имела доступ к информации, и делают все возможное, чтобы препятствовать этому с древних времен. Самым известным примером является изобретение печатного станка в 1448 году, поскольку это был прогрессивный шаг в доступе к информации и к свободе. После того, как изобретение Гутенберга стало достоянием общественности, правительство больше не могло ограничивать доступ людей к информации, поскольку сочинения, книги и рукописи могли переводиться на разные языки и распространяться среди различных культур. Децентрализация началась с того же года. В 1517 году 95 тезисов, написанных Мартином Лютером, были напечатаны тысячами экземпляров и переведены на разные языки, а его слова были известны всему континенту. За свои действия он был отлучен от Церкви. Но без него и без печатного станка, скорее всего, протестантская реформация потерпела бы неудачу.

Тот, кто владеет информацией, обладает властью, и, как правило, информация принадлежит элитам – правительствам, агентствам и правоохранительным органам. Или Церкви, как это произошло в случае с Лютером. И они никогда не хотят, чтобы общественность имела доступ к информации, потому что это означало бы потерю их власти.

Возвращаемся в современность, но все еще в старые времена. Времена шифропанков. Джон Гилмор, один из них, имел личную вендетту против АНБ. А может, надо было написать, что у АНБ с ним личная вендетта? Одну из самых замечательных побед информации против угнетения одержал в 1989 году Гилмор, обнародовавший секретный документ. Автор документа работал на Xerox, и АНБ специально потребовало от Xerox уничтожить документ. Джон Гилмор не согласился с такой цензурой и разместил документ в Интернете. Конечно, его быстро скачали тысячи раз, и началась война между Гилмором и АНБ.

В 1992 году произошла еще одна великая битва между Джоном Гилмором и АНБ. По понятным причинам (связанным с цензурой свободной информации) рукописи Уильяма Фридмана, считающегося основателем криптографии в США, были засекречены, хотя они были написаны во времена Второй мировой войны. Гилмор снова не согласился, считая, что работа Фридмана должна быть доступна всем, кто в этом заинтересован. Поэтому он обратился на АНБ в суд и обосновал свои требования о рассекречивании книг в соответствии с Законом о свободе информации. Разумеется, АНБ уклонилось от ответа на его просьбу, поэтому все пришлось решать в ходе судебного разбирательства. Впоследствии ему удалось найти книги Фридмана в публичной библиотеке. В ходе суда ему сообщили, что, если он не отдаст книги правительству, его обвинят в шпионаже, что может привести к 10 годам тюремного заключения, поскольку у него были секретные материалы. АНБ на этом не остановилось. Еще какие-то «похожие» материалы агентство пыталось найти в различных общественных местах. Гилмор сообщил судье, что то, что он нашел, уже стало достоянием общественности, поскольку книги находились в публичной библиотеке, и в то же время он решил рассказать прессе обо всем деле. Вскоре книги были напечатаны Aegean Park Press.

Дело Гилмора стало достоянием общественности, и с этого момента правительство отступило. Обвинения были сняты, а рукописи рассекречены. Джон Гилмор победил. Люди тоже выиграли, поскольку общественная информация осталась открытой, как и должно быть всегда.

Борьба за свободу слова, за неприкосновенность частной жизни и за прекращение скрывать информацию началась уже давно. Теперь это в наших руках.
918  Alternate cryptocurrencies / Altcoin Discussion / Re: Polkadot - parachain auctions on: September 28, 2023, 12:14:33 PM
The article discusses the potential of creating a Polkadot mobile app as an onboarding tool for beginners in the crypto space. The app aims to simplify the Polkadot ecosystem and make it more accessible to non-crypto users. The proposed app would include functions such as digital identity, web3 feed, staking, and wallet and payments. The team behind the app has shared a design prototype and is seeking feedback from the Polkadot community. The app is intended to be a gateway to the Polkadot ecosystem and could potentially include features such as messaging, social features, and the ability to send and receive DOT and NFTs as gifts. The target audience for the app is non-crypto users and existing DOT holders. The article emphasizes the importance of ease of use and user-friendly design. |
https://pitchdeck.hypermatic.com/slides/lmuhy3xt34353/?token=OVpsVWh4ZExfQ1k2b08%3D
https://www.coinfeeds.io/coins/polkadot?short_link=d66b56
919  Alternate cryptocurrencies / Altcoin Discussion / Re: Any new PoW coins on the market? on: September 28, 2023, 12:02:44 PM
Kaspa is what I am seeing that's commonly suggested by other altcoin miners. The other one that I am seeing is ravencoin which has the algorithm of KAWPOW.

That's the two that are I am seeing and being mined by many miners these days. About the profitability, I don't know but if they're mining it and they think that it has got a bright future.

Prolly, on the next bull run they're all just covering all the mining expense and stacking the coins they mine for now.
There are already a lot of Kaspa coins in circulation and its mining requires expensive ASICs, the payback of which may seem dubious. I would choose ASICs for Bitcoin.
KAWPOW is probably the latest algorithm for video cards without ASICs, but this algorithm is the hottest for video cards.
920  Alternate cryptocurrencies / Altcoin Discussion / The BBC released a documentary inspired by SBF on: September 28, 2023, 11:51:43 AM
Sam Bankman-Fried, the mop-haired, nerdy maths genius who set out to transform the world of crypto but ended up being its biggest loser, is facing the prospect of a lengthy prison sentence. On the eve of his trial for fraud and money laundering in New York, this programme reveals the breakneck rise and sensational fall of his $40 billion company, FTX, which he had boasted would take crypto into the mainstream but crashed, leaving more than a million customers with nothing. Through detailed research and interviews with his former associates, staffers and insiders, the film examines the numerous red flags that were overlooked, including how his scruffy image, celebrity hype and promises to give billions away to charity, blinded the world to alleged crimes that have plunged crypto into crisis
https://www.bbc.co.uk/iplayer/episode/p0gffn3y/panorama-downfall-of-the-crypto-king-extended-version
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