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The more cryptocurrencies grow, the more difficult it will be for governments to stop it, why, because maintaining the illusion of a democracy (at least in the west) will become harder and harder if they start to ban it.
However, before bitcoin can reach a 500 Billion market cap is has some current limitations to overcome. Pruning will have to be implemented and block sizes have to be changed to handle more transactions per second.
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To rule out OS or driver issues, have you tried another OS?
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Any other exchanges out of Hong Kong you are using that you like?
Do you trust business operating out of HK/China?
What's your opinion on Hong Kong gov't view on bitcoin related business? It seems friendly from what I've
seen so far.
I generally trust businesses operating from Hong Kong, with the mainland China I'm more careful. The government's attitude in Hong Kong towards can best be described as lukewarm. Warnings have been issued to people to be careful. That's about it. However, the richest man of Hong Kong yesterday announced investments in bitcoin related companies, I wrote a small article on my blog: http://www.vdschagt.com/richest-man-hong-kong-invests-bitcoin/ |
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I found them two weeks ago, they seem to be in Hong Kong (so am I) and seem to be using the Mt.Gox API. I'm considering to try to meet them in January. I'm reasonably active in meet-up groups and gatherings here surrounding crypto currencies, but haven't seen anybody of this exchange yet.
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Solo mining on one machine with one GPU, haven't found anything yet.
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Working now  Thanks! |
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I have 7950s and even 280Xs.. and I would recomend 7950..
Why? It gives almost same hashrate (650 7950 VS 730 for 280X), but I can have 3 7950 on 750W PSU.. but only 2 280X on 750 W PSU.. also 280X are damn hot! so it is problem to cool them.. (7950 are running around 60, 280 aroun 80 degrees..)
maybe only selling afterwards would be 1 small point for 280X.. othervise 7950 are kings
The temperature indeed gets hot, but the speed is higher mine consistently reach 760 khs each. |
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I'm in Hong Kong and I think Hong Kong is going to be part of the solution here. Hong Kong will likely adopt a friendlier stance towards crypto currencies and any deposits / withdrawals will be done through exchanges in Hong Kong.
With the Chinese 1 country 2 systems policies, they can test the economic consequences of bitcoin in Hong Kong before deciding to accept it in China.
BTC China is situated in the Free Trade Economic Zone in Shanghai, which is another version of the "one country two systems" currently working in Macau and Hong Kong. Theoretically, the Shanghai Free Trade Zone operates by its own rules. We shall see what happens in practice. I also believe currency flows between China and HK is porous. Same could apply to Shanghai FTZ. Yes, and there is another in Shenzhen, just across the HK border, there may be developments there as well. I don't think we've heard the last from China just yet. |
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I'm in Hong Kong and I think Hong Kong is going to be part of the solution here. Hong Kong will likely adopt a friendlier stance towards crypto currencies and any deposits / withdrawals will be done through exchanges in Hong Kong.
With the Chinese 1 country 2 systems policies, they can test the economic consequences of bitcoin in Hong Kong before deciding to accept it in China.
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1500W is the power it will provide on the 12v side. With 80% efficiency it'll draw about 1875 Watts from the socket.
Modern PSU's have no problem providing top power 100% of the time. My mining rigs are stable for many months at 24/7 100% PSU load (1200W on a 1250W Seasonic PSU).
Power is really not the issue. CPU doesn't draw 125 Watt either, as all you need is the cheapest dualcore you can find.
I stand corrected, thanks I didn't know it was measured on the 12v side. |
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gpu which brand?
Sapphire Vapor-X R9 280X - 3 GB GDDR5 |
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According to this benchmark: http://www.techspot.com/review/736-amd-radeon-r9-290/page8.html, the R9 290 takes 350 watts. Four cards would be 1400 Watts, add 125 watt for the cpu and the rest of the system and you're at 1525 Watt. A 1500 Watt PSU at 80% gives at most 1200 watts reliably, so perhaps one PSU wouldn't be enough to handle the load. However this is at 100% load, which it will never reach during POST sequence. |
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Is there some miner that can be used to mine more then just Bitcoins, I mean also Litecoins and so on?
All hardware specific miners right now are designed for the SHA256 algorithm so they can mine all coins based on that. Litecoin is based on Scrypt and there's no specific hardware for scrypt coins yet. People use GPUs for those. A list of SHA256 based coins can be found here: https://cryptocointalk.com/forum/179-sha-256-cryptocoins/ |
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I've five R9 280x cards running, they're all pulling 760 - 763 khs each. They're on a total of 2 mainboards, each with a 1200 watt PSU, though I think they could be on one mainboard if i had some powered risers and an open rig. Together with my laptop I'm currently using 7 amps, which is around 1500 watts in total.
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Vouchers can be bought online elsewhere, for example on paipai.com: http://auction1.paipai.com/DC08877D0000000004010000356FA6A5They started with 100.000 vouchers, each is 10.000 CNY and now there are 99932 left. That means 68 people spent 10.000 CNY elsewhere, presumably to deposit with BTC China. That doesn't seem like a lot yet, but it will be interesting to see how it develops. |
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Something has intrinsic value when it has value by itself.
Gold has intrinsic value, because it can be used as a component in electroncics, because it is beautiful and because you know others would want to buy it, it has a long history of acceptance.
By that definition, bitcoins have no intrinsic value. One BTC by itself is useless. What bitcoins do have is intrinsic utility similar to cell phones. One cellphone is useless, give a billion people a cellphone and a network and it becomes very - very useful.
In that situation, if intrinsic value is determined in (great) part by intrinsic utility, the intrinsic value will only go up for bitcoins.
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The current pool speed of ghash.io is 3.14 phs, but I have no idea if that includes the amount they use for themselves.
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