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So Elon Musk finally went a little deeper on Bitcoin and cryptocurrency, sharing his thoughts in a recent interview with the Third Row Tesla Podcast - Elon's Story - Part 1.
I mean in the past he did call Bitcoin "quite brilliant", while criticizing it for being "energy intensive", and even joking about pervasive crypto scams that were originated in his name. So in the course of this interview Elon compared money to an information system for label allocation (1hr:22min into the video) and while at it bagged on the banks as heterogeneous low security high latency databases.
To save you a lot of time, the Bitcoin bit comes at 1hr:33min into the video when one of the interviewers asks "You love code but you dont seem to be bullish about Bitcoin", so the Great One waffle a little first saying he is neither here no there on Bitcoin, calls it "pretty clever" but then takes us down a familiar road with the "there are these transactions that are not within the balance of the law" and reducing Bitcoin to a "legal to illegal" bridge. Gets a little better when he talks about crypto being replacement for cash, but not a primary database...
As a Tesla owner and Tesla/SpaceX/TeslaEnergy fanatic, and a bit of an Elon Musk fanboy, I was a little disappointed...
What do you think about this folks? Great visionary guy missing the point? I mean he is clearly up the speed on finance and tech, having co-founded PayPal etc..
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Next Bitcoin Halving will drive the price down because the ecological system in which Bitcoin lives will be reduced.
More miners will bail, and it is the miners who are the bone marrow that creates the life blood of block chain.
Thoughts?
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Love the investment threads folks started here, so I thought I contribute a non technological tangent - perishable consumable commodities.
1. Vanilla - prices and quality stabilizing but its still a single source product, demand is a loaded spring since no one wanted to pay the highest price but gradually realized that chemical alternatives are not the way to go.
Is there opportunity growing outside of the troubled Madagascar while preserving the quality? I mean porchini mushrooms escaped Europe and now South Africa dominates porchini export and they can be found in Australia and New Zealand.
2. Coffee - Legal Crack - demand continues to outpace supply, tons of room for small boutique business models of specific delectables.
Lots of verticals like various shit coffees (like shit-coins but vastly more expensive than originals) - like Kopi luwak (coffee beans in civet shit), or Black Ivory Coffee (coffee ran through an elephants digestive track) - set up fair market ethical farm where no animals are harmed and save the planet while getting caffeine high.
3. Cacao - like Bitcoin its off the ATH but still the demand is huge and there are opportunities to make money.
4. Bananas - the current clone varieties are dying, find viable scalable alternative - win the game.
5. Olives - European Olive gardens are dying, because Xylella fastidiosa, this process cant be stopped at the present, overall demand for olives and olive oil continues to grow.
6. Spices - rare spices from hard to reach places - got a friend who quit a job at Google and making mad coin traveling the world importing spices - never a dull moment.
7. AMMO - heh heh sorry not a food and not exactly perishable/consumable unless shit hits the fan, but seriously another friend of mine from the South, against the best wishes of his wife, dumped his 401k into 50 cal ammo, made a ton of money selling it at peak ATH (yeah he was licensed etc).
"Food" for though eh?
Enjoy!
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Out of curiosity, how many people here have:
1. Current Passport allowing them to travel outside of their country
2. Financial means to travel outside of their country
3. Time to travel outside of their country (free time away from work)
4. Desire to travel outside of their country
I will start:
1. Yes
2. Yes
3. No - not enough free time lately
4. Yes
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Hello!
I am currently running Monero mining rig with 6 MSI RX 580 Gaming 8GB GPUs, Samsung memory, getting about 4500 hashes.
Rig is running quiet, 60C-73C with low fan use. Overclocked memory to 2250 with Afterburner.
Problem is stability - sometimes it runs 24-30 hours at a time, sometimes it crashes after an hour.
Claymore is in startup so most of the time it just goes right back to mining, but sometimes it hangs up.
Running latest Catalyst drivers because I was told Rx580s do not like old drivers. Could this be part of the problem?
Motherboard ASRock H81 PRO BTC R2.0, 8GB actual RAM, Virtual set to 16GB but that didnt change stability at all.
Also tried running Claymore dual ETH/SIA miner and the fans howled and rig went down after about 10 minutes, so I went back to Monero.
1. Can someone recommend how to tweak the cards without breaking them to get more hashes and less power, or at least more hashes and stability?
I heard people sell card firmware thats fine tuned for optimum performance.
2. Can this setup be used to dual mine ETH/SIA without frying the GPUS - if so, what settings should I use or again is there firmware that can be changed?
Thank you in advance!
MM
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Howdy! Back from my sabbatical  need some help making sure my mining rigs are up the snuff. Got the latest cgminer 2.10.5 with intensity at 9. The 5970s are yielding ~700MHs and they are finicky when it comes to clocking up GPU and clocking down memory. The 5780 is yielding ~370 at stock settings. Any recommendations in terms of latest stable Catalyst drivers, improved cgminer settings or GPU and Memory tweaks would be appreciated! Thank you all in advance! |
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Put your "money" where your mouth is and send your Bitcoin to me  .
 THOUGHT SO!
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With all the 5970 cards I hope folks find this info useful and share their experiences. I am running a total of 5x5970 in two mining systems under Windows 7 and GUIMiner. Drivers:ATI 11.7 drivers appear to be the most stable so far. I had absolutely miserable time trying to clock down the memory under 11.8 below 500, kept crashing. Under 11.7 I am able to clock down the memory to 250, and overclock the core to 785 without any problems and without screwing around with the voltage. At 785/250 I am squeezing around 720 MHs per card. I am sure I can squeeze a little bit more but I really like the 79C the cards settled at. OCing Software:I use the Sapphire Trixx 4.0.2 http://www.sapphireselectclub.com/ssc/TriXX/TriXX.aspx to handle the core overclocking and memory underclocking. Once the parameters are set, I kill Trixx and run the MSI Afterburner http://event.msi.com/vga/afterburner/download.htm because it has nice temp/GPU usage display that I can check remotely. If this doesnt sound very efficient, I apologize - I AM QUIRKY Mining Software:GUIMiner - Extra Flags -v -w256 -f1Remote Access Software:Teamviewer http://www.teamviewer.com/en/index.aspx its free and works great. Thank you! |
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