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1  Economy / Economics / Re: Demand for computing power on: January 14, 2020, 07:53:04 AM
The most neglected aspect of the discussion is usually moore's law and the number of transistors on an area doubling roughly every 2 years. As transistor density of GPUs and ASICs increases, performance per watt rises dramatically. Leading to a double whammy where not only do new GPUs and ASICs perform better. They also consume less electricity.

True. About 2-3 years ago top GPUs (RX570/1080ti) were built with 14-16 nm process technology. Now AMD has released new GPUs with 7 nm process technology (RX5500/5700). They are more efficient and utilizes less power. The same trend follows with Bitmain ASICs: Antminer S9 (16 nm) in 2017 vs Antminer S17 (7 nm) in 2020.
2  Economy / Economics / Re: Demand for computing power on: January 13, 2020, 06:44:29 PM
It would be nice if there was a second use for old ASIC chips and/or GPU cards, but most of these cards and chips has been pushed to it's end, so the market for these cards would be small.  Roll Eyes

That's why I'm asking about the demand for computing power Smiley It would be great to create a marketplace, where people can buy a computing power for AI, science calculations and so on. This marketplace may help to bring old GPUs back to life. The problem here is the demand for such computing power.

I have bought GPU cards from some Alt coin miners that has gone bust a few years ago and I made a good profit selling them to gamers, because there was a high demand for gaming cards and the supply was too low. Things has changed since then and the demand for the cards from the Alt coin mining has declined and the manufacturers has increased the supply, so the second hand market was destroyed.  Sad

After prices for cryptocurrencies dropped down the market of used GPUs was overflowed by cheap GPUs from miners. So prices were dropped down more than two times. I've also bought few used GPUs for my mining rigs Smiley
3  Economy / Economics / Re: Demand for computing power on: January 13, 2020, 01:29:56 PM
I dont understand why you left CPU mining out. CPUs are everywhere. And there will be many many more in the near future. They will have to be active and to be sure they are active is best to do something. Mining is perfect thing for them to do. Much better then just some useless test.

Sorry for that Smiley The CPU mining is a good thing, but there are no very much algorithms/cryptocurrencies, which are designed for CPU mining. Yes, there is Monero/RandomX, but the most profitability during the last few years was on GPUs/ASICs.
4  Bitcoin / Development & Technical Discussion / Re: Payments on P2P exchanges on: January 13, 2020, 01:12:47 PM
Thanks all of you for answers and explanations!
5  Economy / Economics / Demand for computing power on: January 12, 2020, 10:15:35 AM
Hi,

I have a question about the global demand for computing power. During the last few years the topics of artificial intelligence and cryptocurrencies were very popular. Millions of GPUs were used for cryptocurrency mining. I also have few GPU mining rigs at home.

Is it possible to utilize such computing power of GPUs in a way other than cryptocurrency mining? For example, for artificial intelligence, scientific computing, graphic rendering, etc. In other words is there someone in the world who want to buy computing power of huge amount GPUs?

How do you think is it enough for artificial intelligence tasks to buy a few GPUs or rent somewhere in the cloud (AWS, GCP, etc)?

What do you think about perspective of cryptocurrency mining (GPUs/ASICs/FPGAs) on long distance (3-5-10 years)?

Thanks
6  Bitcoin / Development & Technical Discussion / Re: Payments on P2P exchanges on: January 12, 2020, 08:56:50 AM
Does P2P-exchange require a registration as a financial organisation or buying a license from government in specific country to operate worldwide?
But true P2P exchange like Bisq don't need any.
Just to expand on this a little:

BISQ isn't a financial organization. It isn't even an organization in the way you would usually think of one. It is what is known as a DAO - a decentralized autonomous organization. It is essentially a decentralized mechanism for developing and maintaining the BISQ platform. People involved in BISQ - developers, contributors, designers, mediators, arbitrators, buyers, sellers, traders, etc. - can propose changes to the platform and vote on said proposals. There is no registered company, offices, CEO, managing director, etc. It doesn't need to buy a license because it's not a company and, much like bitcoin, a government can't enforce any laws upon it. A government could kick and scream and even declare it illegal, but they can't shut it down like they can with a centralized exchange.

There's some more good information about this here:
https://docs.bisq.network/intro.html
https://docs.bisq.network/user-dao-intro.html

The idea behind BISQ looks great, really like Bitcoin. But in real life there is someone who registered a domain, pays for website hosting every month, develops & supports a website, etc.

These people should get a reward for their work. So BISQ should earn money for itself to be alive and completely decentralized (maybe take fees from trades or something else). In a way like miners get a reward from Bitcoin mining.

P2P-exchanges, like Paxful/WazirX take fees from trading and they are registered as private companies in USA/UK. Sorry if it is not allowed to mention such companies on this forum.
7  Bitcoin / Development & Technical Discussion / Re: Payments on P2P exchanges on: January 10, 2020, 07:42:55 AM
In most cases P2P exchanges do not process fiat payments and only provide Escrow service for cryptocurrencies. They do not accept credit cards or bank transfers. They only deal with crypto currencies and take some fees from crypto assets exchange.

Some of them were even banned in some countries, but continues to operate and growth. For example, WazirX was banned in India by RBI (Reserve Bank of India).

Does P2P-exchange require a registration as a financial organisation or buying a license from government in specific country to operate worldwide?

Thanks
8  Bitcoin / Development & Technical Discussion / Re: Payments on P2P exchanges on: January 08, 2020, 12:36:37 PM
Thank you. The information about mediation and arbitration in BISQ is very useful.

Quote
First of all, both buyer and seller must pay a security deposit prior to trading, which are refunded after the trade. In the case of someone trying to scam, they will lose their deposit, which acts as an incentive to be honest.

What do you mean by security deposit prior to trading?

It is true for  seller because he should deposit the crypto assets to Escrow wallet of P2P exchange before trading. But the buyer has a fiat money and he want to buy cryptocurrency. Should we also ask buyer to make a security deposit before trading?
9  Bitcoin / Development & Technical Discussion / Re: Payments on P2P exchanges on: January 08, 2020, 07:25:32 AM
What about the case with not honest buyer or seller?

For example, the buyer and seller agreed and confirmed the terms of trade. Then may be two potential issues:

1) The buyer makes the payment for his/her purchase of crypto assets to the seller. But the seller is not honest and don't want to confirm receivment of money. Or the seller is not able to confirm transaction because of problems with Internet connection/problems with bank or personal circumstances.

2) The buyer is not honest and says that the money was sent to seller. Also buyer may provide a fake transaction receipt or painted screenshot.

The KYC may filter impostors and improve security, but how we can check transactions and resolve such issues?

P2P exchange may ask a transaction receipt or screenshot in dispute, but this transaction receipt may be faked. Usually the information about payment transaction is not open as in blockchain.

Thanks
10  Bitcoin / Development & Technical Discussion / Re: Payments on P2P exchanges on: January 07, 2020, 06:23:49 PM
For example, if buyer uses a stolen credit card / hacked bank account for purchasing cryptocurrency on P2P exchange. In this case the seller will receive the fiat money, confirm transaction and cryptocurrency will be sent to buyer. But in theory, the real owner of hacked bank account may later notify a bank about this stole and bank may stop transaction or revert it. But P2P can't revert a Bitcoin transaction.
It's a good question. The majority of the replies above are referring to Coinbase or other centralized exchanges and therefore don't answer your question.

As darosior points out, most P2P exchanges will not accept credit cards since they allow very easy chargebacks, and most customers do not have the facilities or services set up to accept credit card payments. Most also won't accept payments from services like Paypal, which also allow easy chargebacks. Many will, however, allow bank transfers and other services in which chargebacks are possible, but with some limitations.

BISQ, as mentioned above, is my current P2P exchange of choice. You can read how they deal with this problem here: https://bisq.network/faq/#chargeback-details. Essentially it comes down to only allowing small trades through these methods, and requiring accounts which use these methods to be older, established accounts, and requiring "signing" before using these methods (which essentially means the account is verified by a trusted trader first - https://docs.bisq.network/payment-methods#account-signing). This set up essentially means anyone with a stolen bank account is going to have to wait several months and make a number of other trades first, just to be able to cash out a thousand or so dollars via BISQ. There are far less time consuming ways to cash out a lot more money from a stolen bank account, with less chance of being caught in the meantime. This means, as far as I know, BISQ have never had a chargeback via a bank transfer before.

Having said that, although those security measures are good, the bottom line is that you are responsible for your own security. There are plenty of payments options which don't allow chargebacks. If you have any doubts about a specific trader, then insist on a non-chargeback option or trade with a different user.

Thank you for the detailed explanation.
11  Bitcoin / Development & Technical Discussion / Payments on P2P exchanges on: January 06, 2020, 12:54:51 PM
Hi,

In general case, the P2P exchange (like LocalBitcoins and others) just connects buyer and sellers with each other. The workflow steps are well known and similar:

Quote
Step 1: Traders will register on p2p exchange.
Step 2: A buyer/seller places a buy/sell order.
Step 3: The matching engine works and matches the buyer with the right seller.
Step 4: If the buyer and seller agree and confirm to the terms of trade, then P2P exchange holds crypto assets of sellers to be sold.
Step 5: Buyer makes the payment for his/her purchase of crypto assets to the seller.
Step 6: After the payment confirmation by the seller, smart contract releases crypto assets to the buyer's wallet address.

I have a question about the payment process (step 5). How do P2P exchanges resolve fraud issues with fiat payments, which may happen?

For example, if buyer uses a stolen credit card / hacked bank account for purchasing cryptocurrency on P2P exchange. In this case the seller will receive the fiat money, confirm transaction and cryptocurrency will be sent to buyer. But in theory, the real owner of hacked bank account may later notify a bank about this stole and bank may stop transaction or revert it. But P2P can't revert a Bitcoin transaction. So the question is how do they handle such issues? Is it a widely spread situation?

Thanks
12  Bitcoin / Project Development / Re: The big idea crypto Mining farm in antartica on: January 06, 2020, 12:19:00 PM
Good idea Wink But where will you take electricity for your mining farm?)

Didn't you know that 14 million km˛ of ice is an incredible source of energy?!

It also has excellent transport links with Chile and Argentina—two of the largest sources of Bitcoin mining equipment. /s

Yes, due to its location at the South Pole this place has a huge potential for solar energy and it tends to get significantly more sunlight than other places on the planet. That's why it is so cold in  Antarctica Wink

First of all, you need to sign a partnership with Elon Mask to build a solar power station in Antarctica.

13  Other / Off-topic / Re: Domain for a new project on: January 06, 2020, 12:01:11 PM
Thank you all for the advices Smiley You are a great community.
14  Other / Off-topic / Re: Domain for a new project on: January 03, 2020, 09:48:11 AM
just think of brands like google
.. what is a 'google'
the brand name has no plain meaning to the word or any distinctive origins

apple.. a tech company named after a fruit.. no explanation

just try a new brand thats more catchy and not so related to its end-purpose

i have heard some weird and wacky idea's in the past.
so if it was a mining related thing. someone jokingly said 'clinker' because of the clinking sound a pickaxe makes when hitting ore

just think how 'clinker.io' might be less boring but more catchy than 'mining.io'

try to be more innovative and elaborate to your idea's of a brand, because sometimes a double meaning, hidden secret, subtle joke brand name sticks in the mind of someone far more than just a standard obvious name

ive heard elon musk is calling his hole drilling company 'boring'

Thanks for the advice.

clinker.io - is already taken  Smiley
15  Alternate cryptocurrencies / Mining (Altcoins) / Re: MinerOs - linux based platform for miners! on: January 02, 2020, 07:19:06 AM
Just next Hive OS copy-paste  Grin

What do they copy-pasted from HiveOS? As I know HiveOS is not fully open source project and it only has open source Linux client. So there is no something that you can just copy and paste to get your own mining OS.
16  Other / Off-topic / Re: Domain for a new project on: January 02, 2020, 07:11:25 AM
What do you think about domain zone .cc?
17  Bitcoin / Project Development / Re: The big idea crypto Mining farm in antartica on: December 31, 2019, 06:37:50 PM
Good idea Wink But where will you take electricity for your mining farm?)
18  Other / Off-topic / Re: Domain for a new project on: December 31, 2019, 06:31:48 PM
If the name already was burned by a scammer then is a really bad idea to take that name. Because lot of people will avoid the project just because that name under another project means scam.

Get a clean name without a negative behavior, that's the wise way to do it. Start your reputation from zero and build something clean and positive.

Thank you for the advice.
19  Other / Off-topic / Re: Domain for a new project on: December 31, 2019, 07:54:29 AM
It could be questionable area legally for trademark purposes if they do continue operating under that brand. They could be relaunching a new website you never know. You can see when the domain expires and possible register it/dropcatch it. Or try contacting the whois email and make an offer.

Thank you for the detailed reply.

I've tryied to search trademark on USPTO, CTMO, EUIPO websites. There are no any registered trademarks in USA, EU, but it looks like there is one registration request in China with status "Waiting for Acceptance notification sending".

Does it mean that if someone has a registered trademark then I should not register a domain name in any zone (net/org/io/etc)?

I don't usually recommend building online business on a non .com but IO is popular for startups. In the end almost all successful IO companies usually buy the .com. And it would be a shame to never end up with the .com

I know this, but almost all good .com names are already taken by domain squatters and costs a lot of money.

We have some mining domains for sale you may be interested in. CoinHasher.com is one in particular, PM me for full list.

Thanks for your offer, but now I'm trying build a startup from scratch and on personal savings. I'm not able to pay thousands of dollars only for domain name now, whereas I can buy .io domain for 30-40$.
20  Other / Off-topic / Domain for a new project on: December 30, 2019, 08:15:31 AM
Hi,

I have a few ideas for the new mining project and I want to register the domain name for the website.

The problem is that during the last few years there were a lot of scam ICO projects and they used a lot of good domain names.

I want to register .io domain and it is available for registration. But it seems that the other project with same name and different domain zone .net was a scam/HYIP and it is closed for more than one year. According to Google history which I've checked it was not a huge scam, but it leave some tracktion in search results.

Also there was a mining pool with the same name, but different domain zone and it is closed too. But domain name is still taken.

How do you think should I take this name and register .io domain for my project?
Does it matter a domain zone for project?

Thanks
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