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961  Alternate cryptocurrencies / Mining (Altcoins) / Re: Parallel Miner 2400w PSU - questions / input requested on: June 16, 2017, 06:19:40 PM
Excellent, thanks for the feedback.  I'd originally looked at just getting 2 1200w supplies, but they were basically sold out everywhere OR I couldn't find a breakout board for the models that ARE available.

I've seen mixed info on the risers being powered by the same supply as the mobo vs cards, but if need be I can replace my risers with the 6 pin versions.  I think that may be for the best anyway since I realize what you're saying about the power on issue since I can't link to the atx PSU.

I've kept all my rigs between 3 and 5 cards up to this point for simplicity's sake and my own sanity, but I have a few Z270 boards now and could push up to 7 on one, so I think that will be my plan for the weekend and if I can get it running and stable that will be the new home for this guy.

Do any of you have a good link/source for a 1200w that has a breakout board available?  That would be awesome!
962  Alternate cryptocurrencies / Mining (Altcoins) / Re: Question about Nicehash (how much should I invest in Nicehash to get 2K/m?) on: June 16, 2017, 02:16:34 PM
Hi,

I have a question:
If I want to make $2000/m with ET (by renting hash in Nicehash/fixed price), how much should I sped on Nicehash?
I searched a lot but couldn't understand the cost and profit for buyers in Nicehash.

You can make 2k in a month but the initial investment will be a big one. You need 3 motherboards each with 6 GPU-s support (Biostar TB250 or ASrock H81 PRo BTC) and 6 RX 580 overclocked in each board. 6 cards of these ones overclocked will net you about just more than 700 USD in a month. Multiplied by 3 is 2100 USD in a month. However the initial cost will be about 8000 usd or a bit more. Now you do the math if it is worth it or not.

Nicehash is renting the rig not building it. I find Nicehash to be confusing. I have used it before about 3 years ago with not much luck. Maybe it changed. Who knows  Huh

Nicehash has calculators on their site to figure this out.  You'd need to decide what you want to point the hashing power at, and play around with that and calculating the returns in coins.  Whattomine.com could be useful to, just plug in hash rates into your chosen algo and see when you get to $2k. 

HINT: It won't be worth it, unless the coins appreciate considerably, you'll always pay more than coin value in renting hash power.
963  Alternate cryptocurrencies / Mining (Altcoins) / Re: is it worth to build a rig as etherium POS so close ? on: June 16, 2017, 02:13:37 PM
Ether PoS is going to happen..... at some point.  There's a lot of speculation and conjecture around when it will actually happen, and the ETH team has already put out a statement clarifying they anticipate a capser rollout to be phased in and it won't replace PoW overnight.  Which is wise for many reasons.  I think it's realistic to expect a START to a PoS transition sometime within 3-18 months.  Given that development is prone to unforseen issues and that guaranteeing network stability is a top priority I doubt we'll see an immediate or even rapid transition from PoW to PoS in a very short time frame. 

I'd expect WHEN they're ready to push casper to the livenet there will still be at least several months of the chain being predominantly backed by PoW, giving miners plenty of transition time.

ROI on cards is still in the 60-100 day range (if you can find any) so it's still probably a safe bet from a return standpoint.  Unfortunately after ROI you're prospects for longer term profits are up in the air, and no one can really give any definitive answer to that, I'd bet even the ETH dev team would have a hard time telling you with certainty what the time table would be.
964  Alternate cryptocurrencies / Mining (Altcoins) / Re: How do you figure out if you can solo mine a coin? on: June 16, 2017, 02:08:59 PM
It can be a little tough to calculate, but really it's a ratio of your hash rate, to network hash rate, while factoring in block time, you also need to consider the block reward, since if you're solo mining you would reap the entire block in one go.  Usually it takes a considerable amount of time to solo mine most profitable coins, but when they do pay out OR if you're insanely lucky it can be quite profitable.  Unfortunately, luck plays such a large role that you have to be a gambler of sorts to want to consider it.


If your % of hash is less than it would take to make by pool mining over a similar amount of time what a single block reward would be then it's not worth to solo mine, from a pure ROI standpoint.  Otherwise roll the dice and see where they fall.
965  Alternate cryptocurrencies / Mining (Altcoins) / Re: 1080Ti Specific - Best mining option on: June 16, 2017, 02:02:26 PM

I am using 1080's not 1080Ti's, as I didn't want to spend too much up front right now. I have 1 more card slot to fill or replace the 970.

I wanna be frank, as far as mining is concerned, there is a world of difference between the 1080 and 1080 TI...the latter being much better suited for mining crypto coins for a profit (at this point in time).   If you bought ur 1080 for gaming, and wanna use it to mine on the side, perfect..otherwise, it's the wrong card in terms of efficiency (at this time) for mining.

as always, please feel free to correct me as i'm almost sure there are other coins that i'm oblivious to.
Over here in the UK at least, you pay over 40% more for a 1080Ti compared to a "regular" 1080. There's no way the Ti hashes more than 25-30% faster than a 1080 (and even that's stretching it). So even if the Ti's faster and possibly a tad more efficient, the price difference just kills it. For me at least.

From a raw cost/hash ratio you're absolutely right.  The Tis are grossly over-cost for the gains most people would see from them... BUT, there's a few secondary considerations to keep in mind if you're even contemplating 1080tis.

1) Hash density can be maximized with them.  If you have a limitation of # of rigs and/or space available to mine, then per cubic inch these are the most profitable cards available. 

2) With Summer upon us, and the cost of electric and the need for additional cooling rising, these cards allow for optimization of those costs as well, they're actually cheaper to operate with both of those considerations in mind, than 2 cards that produce comparable hashes (2 1070s or 480s) so there's a soft savings involved that might not be very easy to calculate there

2) Resale on these will be considerably greater and easier at the end of the mining boom (or when newer cards come out for us to start to replace our miners).  1060s and 1070s will be plentiful if/when that happens, but gamers will be QUICK to jump on a discounted 1080ti.  Right now the 9xx series cards are much easier to sell (personal experience) if they're higher end, and will garner a better price overall.  1060s and 470/480s will be a dime a dozen in 6-12 months time.

3) And this is how I use them personally, the 1080ti is still the best performing gaming card available.  I only run them in my primary desktops that I use for work/games.  Those are idle 90%+ of the time when I'm not playing a game or using the PC for any heavy lifting, so as a single card in separate towers they provide me the best power available when I need it, and the best profitability possible for a tower that only has a single card in it.

If you're just building out a farm, and have the watts and space available then it doesn't make any sense to even look at these cards at the moment, but if you have any of the above (or I'm sure other situations I haven't considered) considerations then they might be worth it.
966  Alternate cryptocurrencies / Mining (Altcoins) / Parallel Miner 2400w PSU - questions / input requested on: June 16, 2017, 01:52:57 PM
So, currently I have 4 separate rigs running on a 240v line I put in a few weeks ago with assorted PSUs I've bought over time.  I'm frustrated/annoyed with the realization that different PSU manufacturers have different pin-out configurations for their cables (I actually accidentally killed 4 hard drives in a RAID as a result of this, thankfully I'm a backup fanatic).

To consolidate and hopefully improve efficiency I've order a 2400w PSU from parallel miners, and my search on the forum hasn't yielded much in the way of feedback on these, although the 1200w units seem alot more common.

This is the unit I've ordered (should be here in roughly a week):

http://www.parallelminer.com/product/94-platinum-2400w-power-supply-kit-for-2-a4-dominator-litecoin-miners-200-240v/

My questions are as follow:
1) This configuration is set up for 6 pin power cables, while many of my cards have 8-pin connectors on them - will using 6 pin only connectors work on the cards I have (480s and 1080s)?

2) I understand conceptually how to connect and bridge two standard PSUs to be used on one mobo (add2psu, jumpers, etc...) but since this unit doesn't have an ATX connector and only the PCIs - does this unit automatically power on due to logic on the breakout board or do I need to plan to do something else to have this power on with my cards?

3) Ideally I would like to use this PSU to run several rigs worth of cards to reduce cabling and clean things up on my rack, given the above question about how to trigger it to power on state - is it realistic to set this up to power on multiple motherboards worth of cards, and if so is there anything special I would need to do to make it work for that?

Right now I have 6 nvidia cards (mix of 1080/1070) that are on one rig, and 10 AMD cards (mix of 470/480/580) on 3 other motherboards.  I just received a new Z270 mobo I plan to use to condense those 3 into only two, so in the end I will have three motherboards running all of the cards.  I want to use this PSU to drive the 480s on a standalone rig, and possibly two 1060s on a rig I plan to build out of the leftover motherboard/parts I'll have, has anyone done something like this / have suggestions?

Thanks in advance,
DBC
967  Alternate cryptocurrencies / Mining (Altcoins) / Re: The beginning of the end? on: June 15, 2017, 06:50:02 AM
Biggest drop since the start of this >3 month bull run.  Time for a big scary correction, get ready to see your blockfolios halve themselves.

No, the drop last week was larger.

Really?  Must've rallied before i checked my holding values  Undecided
968  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin Price Drop, is no-one worried? on: June 15, 2017, 06:48:42 AM
I'm seeing potentially excellent and long overdue entry point pricing on many projects with this.  Alot of genuinely crap sub-100sat coins have been rallying for the last week or two because the truly strong projects had grown WAY too quick and no longer looked like value investments.
969  Alternate cryptocurrencies / Speculation (Altcoins) / Re: AMMO Rewards - Gearing up for rocket moon landing on: June 15, 2017, 06:44:16 AM
Just putting it out here guys:

Mobilego: $140,000,000

Round marketcap $111,222,500

First Blood $88,754,831

GameCredits $261,522,722

AMMO: $534,462

Wyvern $225,855
970  Alternate cryptocurrencies / Mining (Altcoins) / Re: The beginning of the end? on: June 15, 2017, 06:42:38 AM
Biggest drop since the start of this >3 month bull run.  Time for a big scary correction, get ready to see your blockfolios halve themselves.
971  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Zclassic, Zcash Fork No Premine, No 20% Founders Tax on: June 14, 2017, 04:33:24 AM
I am reading on the Zencash threat that there is a vulnerability in both ZEN and ZCL.  The ZEN developers have decided to implement a soft fork and have released new node software to resolve the issue.  They are saying the same issue exists in ZCL and this is why Bittrex has frozen the wallets of both currencies.

Can someone confirm if this is true and if so, if ZCL development working on a solution for ZCL?


Don't know but if you go to WHAT TO MINE webpage and click on Bittrex link on Zencash info you can see Zencash trading in Order Book on Bittrex .But if I log into my Bittrex account it only shows Zen wallet is locked?Huh

It's still trading just can't import/export coins from Bittrex till they unlock wallets.
972  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Wyvern: THE FAIR LAUNCH GAMER'S COIN NIST5 PoW/PoS Make GPU's Great Again! on: June 14, 2017, 04:31:23 AM
It;s a teensy market cap and volume, takes very little to move the price at the moment.
973  Alternate cryptocurrencies / Tokens (Altcoins) / Re: TaaS — Tokenized Closed-End Fund on: June 14, 2017, 01:27:52 AM
Yes but my question was: how does TAAS generate profit which they will be able to share during quarterly "profit-sharing" if 1/7 of the capital has been invested in a longterm partnership which will be a HODL. Imo there is no net profit in july so nothing to share?

Hey RAGEmond,

Well, to be clear about the situation; long-term partnerships does not mean that they don't generate capital gains.

In practice, a portfolio reshuffling (not necessary but is an option if some of the positions are really hot and profitable) can happen on the last day of the quarter if needed. At any given point, we understand the FIAT value of ETH that we need to allocate for the payout and may gradually accumulate it OR liquidate some of the positions.

Thank you!


Yeah I have the same question. But I think profit sharing will start from next quarter.

Hi anahata,

You can refer to the answer I provided to RAGEmond.

Also; profits sharing are to start this quarter and the current date is scheduled to be in August.

Thanks!


You know that doesn't make sense and is making me concerned to be an investor in TAAS. There are zero capital gains if a position is held. IE if TAAS invested $1mil into BANCOR they would have to sell that position to have liquid gains to pay investors. So it seems what actually is going to happen is that TAAS is going to look at their paper returns from the 3 ICO investments and then pick an arbitrary number to return to TAAS token holders. That really isn't terrible, but it could go very wrong if the positions reverse ending up with a paper loss. This sort of model could quickly turn into a ponzi scheme...

it depends on if they don't hold any liquid assets to make payouts on their profits from the beginning (i.e. not over-leverage their ETH/BTC holdings).  Also, technically TAAS could never be a ponzi scheme, since they wouldn't be taking in any new capital investment.  The premise of a ponzi is to pay out dividends to investors from new money that flows into the fund.  They could do something similar, but I think the premise of the cryptographic audit they will be providing should allow for transparency and allow for confidence in the funds.
974  Alternate cryptocurrencies / Announcements (Altcoins) / Re: WAAH Beta - June 7 - Join us for the Airdrop Now. on: June 13, 2017, 11:54:30 PM
this token really scam or what? the dev never shown again.

Yup, although if you really want to talk to him, he's probably still around.  Look for RIDDLE or ScryptWaves, or any of a few other cookie cutter scam token/coins that are floating around at the moment.  Their ANN threads all looks pretty similar.
975  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ZEN] ZENCASH: Permanent, Distributed, and Fully Anonymous cryptocurrency on: June 13, 2017, 03:38:37 PM
anybody can tell me how much node running right now?
I want to build one if  not that much

42 for hosting a secure node, same is it's been since release.
976  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Wyvern: THE FAIR LAUNCH GAMER'S COIN NIST5 PoW/PoS Make GPU's Great Again! on: June 13, 2017, 05:13:25 AM
We should come up with a way to start distributing Wyvern to gamers & other interested parties who haven't heard about it yet; get the name and brand out there some more.

Maybe miners could agree to sponsor some kind of airdrop event with proof of interest - require a Steam account, and distribute Wyvern according to hours played, for example.

Thoughts?

I agree that we need a marketing strategy; most gamers don't know Wyvern exists. The airdrop idea is interesting - would that be appealing to gamers?

Another option could be sponsorship of a tournament / player / team in eSports - maybe DOTA / CSGO / League of Legends? Any team / tournament ideas? We'd need to crowdfund the sponsorship and appoint a representative, maybe one of the coin devs.

The Dev team raised a reasonable chunk of cash in the Wyvcorp token sale.  I think it was about $70k at the time, and with the boom in ETH is probably more like 200-300k now.  I'm certain, in due time, Nukeless and the team will have a marketing plan to raise awareness.
977  Alternate cryptocurrencies / Altcoin Discussion / Re: Thank you Millennials for screwing the world. on: June 13, 2017, 04:45:11 AM
I'm doubtful it's all, or even a majority of millenials who are riding the current boom, most of them didn't have the money to invest in mining or buy in  Grin

Seriously though, Ether has utility, Bitcoin has utility (and is still a massive value store), NEITHER provide anonymity, and both have some serious issues to be concerned with.

That said there's PLENTY of booming projects that still have great promise in anonymity and freedom: Monero, ZEC, ZCL, ZEN, Zcoin, well really it seems just about anything starting with a Z. 

Blockchain is here to stay, companies and governments are going to use and abuse it, like they always have with any other technology they can benefit from.  That doesn't mean the benefits to those who value freedom and anonymity are destroyed, just don't put YOUR money in ETH and you'll be just fine.
978  Alternate cryptocurrencies / Speculation (Altcoins) / Re: BAT - Basic Attention Token ICO (31-5-17)- Worth Investing? on: June 13, 2017, 04:39:46 AM
Not saying this is true for BAT, but it seems like it may be counterintuitively good for some of these projects to have a large whale bagholder.  With the influx of new investors in this space and the likely skidish weak hand nature of them, it makes a critical dump less likely... provided the investing whales have the tokens long term future in mind.  If it's a pure cash grab, well then... run for the hills.
979  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ZEN] ZENCASH: Permanent, Distributed, and Fully Anonymous cryptocurrency on: June 13, 2017, 04:18:14 AM
Just mined my first coin and sent it to bittrex; but I do not see it. Is it lost forever due to wallet maintenance?

It should exist just fine on the chain, unless Bittrex does some sort of major reset on wallet address assignments (no reason to think they should) then it should "deposit" when they reactivate transfers.
980  Alternate cryptocurrencies / Altcoin Discussion / Re: How do you guys convert Tether to bank? on: June 12, 2017, 04:46:49 AM
I think you set up an account at tether.io, and you can withdraw there.
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