 Show Posts
|
|
Pages: [1] 2 »
|
I have couple of questions regarding staking:
1. How staking work for altcoins that are PoS?
2. How is your coins used by those who took it as a stack?
3. When you stack, is your coin stays with you or it will be transferred to somewhere else? (the idea of transferring your coins seems to be really stupid)
4. Anything I should read/watch/learn about stacking?
Thanks.
1. By staking, you stake your coins to become a validator, your validating transactions on the network. You only need coins, internet connection, and a computer (this depends on what network your validating though most don't require much computer resources.) You get rewards based off of how much you stake though sometimes you don't. It depends on the network / cryptocurrency. 2. Refer to the above  3. Some networks have large proof of stake requirements so people "Delegate" there cryptocurrency to validators. you don't need to transfer your tokens to delegate. 4. Check out this link for more information. https://learn.easycrypto.com/what-is-proof-of-stake-and-how-does-it-work/ Hope this helped. Send me a PM or ask in a reply if you have more questions! |
|
|
|
|
It's either that you got shitty, worn down equipment from alibaba or that its a problem with the hosting company. What company are you using for the hosting?
|
|
|
|
|
You don't really need to worry about it being unprofitable ASIC mining unless you have old hardware. Please check out whattomine and plug in your numbers to see what you'd earn. Basically anything newer than 2019 will earn you money.
|
|
|
|
Ok, thanks. l will take your advise and look into it. Anyway, do you know how to do solo mining? Yep! Simply install the Chia wallet and make some plots. You'll gain a chance of finding a Chia block (usually its quite low, depends on your plot count) Happy farming! |
|
|
|
Anyone have any suggestions for Storage based mining?
Something like Storj or Sia or Burst?
They all have a few things I don't like, I loved Burst but the market share is soooo small.
Try Chia. You simply need to go onto there site, download the wallet (find it on https://www.chia.net/ ) and set it up. Sync the blockchain and then go to "Plots" and create a plot. Then, after it's done "plotting" you will get a chance of finding a blocks of 2 Chia (Worth about $500), similar to regular crypto mining. There will be Chia Mining Pools soon so you will get 'guaranteed' income. I'd like to note that Chia mining is not very profitable (similiar to most storage mining) coming up to about 10 cents per day per Terabyte. However, if you have a couple Terabytes of storage space lying around, I would recommend mining Chia, it's free money to be honest. Send me a PM or reply to this post with any questions regarding this. |
|
|
|
|
Alien Worlds is probably the best out of all these games. Not p2w, very active playerbase, pretty good profits (Earned $50 in a week with no investment), not toxic and very helpful community.
|
|
|
|
Hi,
Just a novice question here: what happens if you hold x amount of a stable coin in one of the many lending crypto platforms available (crypto.com, youhodler, nexo, etc) and that coin fails and goes Kaput? Do you loose it all? or are your assets moved to another token or FIAT?
If I understood the question right then: 1. If the value of the stablecoin will drop to 0, you will end up with the same number of coins, just now they will worth 0. 2. If the coin underlying architecture (blockchain) fails then you (and everybody else) will be unable to withdraw (and also most probably the value will drop). I am not familiar with those platforms, but why would they exchange the worthless coins into something valuable (hence lose money) because you made a bad investment? You lose it all. Simple. Stablecoins suck, they are decentralized as Fiat. |
|
|
|
Sounds not like the best bet. Look how much it costs to start a Filecoin miner.. CPU: AMD Epyc 7402 (24 cores) - $2000 RAM: 128gb - $1000 Storage: 6tb ($600-800) GPU: Nvidia Quadro RTX 6000 - $4000 each, sometimes required 2! Thats $8,000 for something you don't even know how much it profits (I couldnt find ANY profit calculations.) Don't be stupid and chase hyped up cryptos  |
|
|
|
Hello everyone,
Joined today and looking for tutors, info and insight for earning crypto. I have a goal of earning a total of $5340 which will go towards a vehicle I really want.
I have an idea of how much I want to earn every day or per "sale" (not sure on the terms used). I would like to think my goal is very achievable:
Basically I would like to earn $30 dollars 178 times which equals $5340 dollars. If I earn more than $30 per go that will be nice but lets stick to $30 for now.
As for my desired timeline that I wish to achieve, is 4 to 5 months a good timeframe? Sooner would be better but I am new to this so don't want to take unnecessary risks.
As for how much I can put in to start that will be about $260 dollars. I live in South Africa so the exchange rate is kinda bad compared to the US.
Is anyone here able to help me achieve my goal? Looking forward to learning from everyone
Hi, This is possible, depending on the work you put in. You could make a product and start a business and earn this or even more IF you find something people want. This is key. You could also try cryptocurrency trading. However, I don't recommend this especially for beginners, too much risk for the reward. Not sure about your hardware but it could earn a little bit of money if you mine on this (<$.30 per day not worth it.) Let me know if you have any questions remember to be patient with crypto, you cant turn $1 into a Lambo in a month |
|
|
|
|
Heyo,
I don't think you should buy 2 gpus for your 1 PC. Won't work as efficient I believe.
Shopblt has great GPUs--lots of people buy from them at MSRP prices. Just remember it might take a while for them to arrive.
Also try and use the Nicehash wallet. I think it'll show up then.
|
|
|
|
*Update*
I have been running nicehash for the past 24hrs or so on and off, seem to avg between 6.8 and 7.1 Mh/s. Laptop GPU ranges from 51-56c, cooler at night.
When I check my nicehash wallet address 13g6GFPSq3FFQ1SjTD2T9Aov9PPnPnWjs3 it shows my stats, but when I log on to my account on their site, it shows 0 balance and 0 workers... is this because I need to use their wallet address? What is the difference going one way vs thru my registerd account with them/wallet?
Also, I was targetting picking up a new desktop or building one myself in the next week or two, hoping to get a 3060 or 3060ti, or if a rx5700 came available cheap by some miracle. Now I read that the 3060's are going to get their hashing value reduced bigtime as per a news release from nvidia today?
I notice nothing is available for sale on the major websites newegg bestbuy etc, should I look into a prebuilt instead?
Thought I found a prebuilt alienware with a 5700 for 1699 cad, and ther are some prebuilt copms with 3060tis for around 1700-1900 cad before taxes... Any tips on buying a desktop or building my own over the next 2 weeks?
Being that I am goingto likely run this rig hard and game on it hard for the next 2-3 years, I am hoping to get mostly quality parts with at least 1yr warranties from reputable companies... but willing to wiggle if the prices are right.
Firstly, are you using the wallet address they provided to you in there own wallet in the mining software? Also 51c isnt too bad, just don't let it get too hot! Try getting a 3060ti / 3080 (Best ROI) for your desktop. They can earn up to $6-10 a day if mined and very good GPUs. Don't buy premade laptops for $2000. A 3060ti is $500 (MSRP) to $1000 (Scalper) and you can make a much better desktop pc for cheaper. Plus laptop GPUs aren't the same as desktop and cannot be resold.Let me know if you have any other questions. Happy to help newbies out anytime. |
|
|
|
What do you think wi happen if intel start building bad ass graphic cards that are as powerful as RTX3090 and good for mining? Will AMD and Nvidia feels more challenged? Will we have less scalpers in the world? Will graphic cards be more saturated than before? What do you say?
I did a bit of research into this. It seems like Intel wants to enter the market (supposedly they are releasing a regular gpu) I don't think they will be a main competitor in this space for multiple reasons: 1. NVIDIA/AMD control the market and people know both companies for there quality graphics cards. No one has heard of Intel GPUs. 2. Intel has more experience in the CPU and "server gpu" (who knows what that is) and probably won't offer the best card. 3. When Intel releases there card, I imagine it will be more budget friendly and offer seriously lower hashrates than other cards. 4. I don't think anything will change with the scalper situation until NVIDIA and AMDs partners ramp up production or cryptocurrency mining isn't as profitable. If you have any questions let me know. This is an interesting topic. You are wrong, NVIDIA don't build motherboards but Intel does and Intel is very popular around the world for PC build motherboard CPU and so on if Intel enters discrete GPU building today they are going to make bigger name for themselves I believe Intel is worthy to be Nvidia and AMD Challenger I never said NVIDIA builds motherboards. Intel is known for their CPUs (I even use them) and not GPUs. Perhaps they'll be a competitor to NVIDIA and AMD but thats something we'll have to see in the future months. Just some speculation here. |
|
|
|
https://ethminers.usThey have 3060 ti for sale but must order 6 at a time, which is no problem just don't want a lose 3k in btc buying 6. Hey bud. This site is a scam. Registered 4 months ago--Red flag Registed in Taipai China--Red flag Prices too good to be true--Red flag No mentions or reviews--Red flag Seems to only accept bitcoin (Allowing no chargebacks)--Red flag |
|
|
|
Currently downloading EpicCash Blockchain now. Not planning on mining this instead of ethereum unless the profits are atleast 15-20% more (unlikely) I'll update you guys in a few hours. Planning on doing a 12 hour mining test with my ZOTAC 2070 SUPER and seeing how much USD I earn compared to mining ethereum |
|
|
|
What do you think wi happen if intel start building bad ass graphic cards that are as powerful as RTX3090 and good for mining? Will AMD and Nvidia feels more challenged? Will we have less scalpers in the world? Will graphic cards be more saturated than before? What do you say?
I did a bit of research into this. It seems like Intel wants to enter the market (supposedly they are releasing a regular gpu) I don't think they will be a main competitor in this space for multiple reasons: 1. NVIDIA/AMD control the market and people know both companies for there quality graphics cards. No one has heard of Intel GPUs. 2. Intel has more experience in the CPU and "server gpu" (who knows what that is) and probably won't offer the best card. 3. When Intel releases there card, I imagine it will be more budget friendly and offer seriously lower hashrates than other cards. 4. I don't think anything will change with the scalper situation until NVIDIA and AMDs partners ramp up production or cryptocurrency mining isn't as profitable. If you have any questions let me know. This is an interesting topic. |
|
|
|
So ive been seeing a few post online, including a deleted reddit post claiming it was possible: https://www.removeddit.com/r/CryptoCurrency/comments/kj0c9y/psa_you_can_fully_utilize_xbox_series_x_or_s_for/We know that the hardware in the Series X (and Series S to a lesser extent) is RDNA2 and of course very capable of a decent hashrate. What some may not know is that the Xbox Series X has a 320 Bit memory bus, even the 6900 XT only has a 256 bit bus. 560 GB/s vs 512 GB/s. So one could expect at least 60 MH/s, but likely closer to 65 MH/s. Series S would likely be around 30 MH/s. Ive read that you can load your own apps through dev mode ($19 upfront cost), so certainly it seems like something that can be done. Ive got a Series X that sits around not doing much 95% of the time, really want to put it to work. Anyone here know anything about this? These are very powerful and cheap rigs if this can be easily done. 1. Series X is protected against mining. 2. There's no cryptocurrency miner that can mine on Xbox/PS 3. I don't have one of these consoles, but like laptops, it probably doesn't have enough cooling to substain the 100% GPU use 24/7. 4. You could just buy a new GPU for the same price and mine with it and earn much more (And with drastically less risk) |
|
|
|
|
Hi bud,
Don't mine using a laptop. It will permanently damage it. The fans and batteries are not strong enough.
Try investing in a regular desktop if you can.
|
|
|
|
Im seeing that Linzhi Phoenix is selling for around $15k USD and calculators have it earning around $350 USD per day, or about $130k per year.
1. If that's true, why wouldn't everyone and they're mother buy one of these? given the ROI.
2. How long do miners usually last before they bug out or need to be repaired?
3. Why is it that if the same machine (Linzhshi), mines ETT, it makes around 10K per month, but if it mines BTC, it loses money?
1. When these Linzhi Phoenix miners release the Ethereum difficulty will increase extremely fast (Probably 200%+ a month, depends on how many units are shipped out.) which will result in the profits being more in the <$50 range, not $300. Ethereum (while unlikely) may also change algorithms/try to prevent ASICs which could render your whole investment void. 2. Depends. I don't know anyone that have these machines yet so I am unsure. Probably every few months, depending on the build quality Linzhi offers. 3. The Linzhi Machine is designed for the "Ethhash" Algorithm, not SHA-256. You can only mine Algorithms that your ASIC is designed for. If you have any other questions, please let me know |
|
|
|
|
Does your method involve gambling?
|
|
|
|
|
