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April 21, 2021, 12:17:09 PM *
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1  Economy / Service Discussion / Re: Don't trust web wallets, don't trust exchanges, then where to trade? on: February 19, 2021, 06:08:17 PM
Not your keys - not your coins, that's 100% true but for some people, I would say: Even your keys - not your coins.

Okay, woud love to hear opinion about this from the community members.

As we know and from every logic, we shouldn't trust web wallets and also exchanges. There were a lot of accidents when exchanges were hacked and people lost their coins. Some may say - don't keep your coins at exchanges for a long time but I would say that everything happens in seconds, maybe you had access on your coins at exchanges while you were replying to this thread but once you submitted the post, exchange got hacked and coins were lost, everything happens in seconds, otherwise loss wouldn't occur.

So, how do you trade in these cases? Only p2p exchanges? But it's not flexible and you may miss a good time frames where you could profit 1-2% of your balance.
I trust exchanges more than web wallets because exchanges can sti be hold responsible if anything bad happens but web wallet will vanish without any traces, though exchanges are of different types, I'm not talking about exchanges that don't care about reputation, I'm talking about binance, kucoin, huobi etc
2  Alternate cryptocurrencies / Altcoin Discussion / Re: I think POLKADOT is still really undervalued on: February 19, 2021, 05:02:16 PM
If DOT grows any higher than this there will be massive dump later, for a new project I think it's already doing fine, investors have gained over one thousand percentage returns already, the team shouldn't do any thing to pump the price further, they should let therm demand do the talking
3  Alternate cryptocurrencies / Mining (Altcoins) / Re: Using 8pin to dual 8/6pin to power 3070 on: February 19, 2021, 04:07:34 PM
I use this extension in the picture presently and it's working fine, there are few others that are bit different from this but they will work to, there is nothing to worry about here mate, measure your wattage and watch your temp always, happy mining
4  Economy / Economics / Re: Confirmed NGN banks blocking account, what could be the outcome on the economy? on: February 19, 2021, 02:48:04 PM
If you are in Nigeria and you want to trade crypto without being traced it is better to use P2P binance exchange it's more secure and safe and in fact there are many buyers and sellers on binance P2P platform, say no to government and crypto haters, you can't be stopped
5  Alternate cryptocurrencies / Mining (Altcoins) / Re: When to exit on: February 19, 2021, 12:57:55 PM
When are people planning to stop mining? I see that in June 1559 may be coming. Would that make people stop?
Just out of curiosity. I am not sure when I would stop. Last bear market I continued. Not sure if I could do the same this time.
People mine crypto to make good profits and if this stops in the future there will always be other coins to mine for example Raven coin or conflux right now ethereum isn't even the only profitable coin to mine so put your mind at rest and keep mining, moreover nobody knows when this bull season will be over it can be longer than what we have seen in the past who knows?
6  Alternate cryptocurrencies / Mining (Altcoins) / Importance of BIOS update on: February 19, 2021, 12:08:29 PM
Hi everyone I'm here today to talk about mining rigs and why updating your motherboard BIOS is very very important I would like to tell all newbies out there 2 always make sure they upgrade your BIOS whenever they buy a new motherboard because BIOS fix it so many problems that can affect your mining rig when you set things up so to avoid some headaches always make sure your BIOS is up to date

1. BIOS can fix problem of motherboard not detecting more than a single RAM stick

2. BIOS can fix problem of motherboard not detecting more than 3 graphics card on your motherboard

3. BIOS can also fix problem with mixing AMD and NVIDIA graphics card in one motherboard

Whenever you get a new motherboard always make sure you upgrade the BIOS first before any other thing thank you
7  Alternate cryptocurrencies / Mining (Altcoins) / Re: Stupid mistake on: February 19, 2021, 11:15:23 AM
I'm guessing the same thing happened to majority of mining newbies in crypto space, you are not the first person that goes through the same thing it once happened to me in the past and today I don't dare make the same mistakes over again, there is first time for everything now that you have made this mistake you are one Step Closer to be a pro mining rig Builder
8  Alternate cryptocurrencies / Mining (Altcoins) / Re: Stupid mistake on: February 16, 2021, 06:16:58 PM
I have to agree with the subject. It's also difficult mistake to make, it should have been obviously wrong
just by looking at it before reconnecting the power.

There is likely colateral damage: the GPU, the mobo (if you're lucky only 1 dead slot), the riser.
Test everything seperately to be sure.
Mistake is mistake, I'm guessing OP is a newbie to crypto mining, that can be another reason for the easy mistake, now I'm sure such will never happen again because it's going to be painful to lost such valuable item just like that, OP will learn big from this
9  Alternate cryptocurrencies / Altcoin Discussion / Re: Is It Still Profitable To Mine Cryptos In 2021 on: February 16, 2021, 05:36:06 PM
Yes it's worth all efforts right now, with just one gpu you can make ROI back in 4 months, even now that gpu price have skyrocket you can still make your ROI back in 7 to 8 months but that's if crypto bull run lives that long
10  Alternate cryptocurrencies / Mining (Altcoins) / Re: / / on: February 16, 2021, 10:14:49 AM
Have you had any experience with one of those sites ? / /

Legit? Scam?  Huh  It's so hard to find ASIC or GPU these days  Undecided

Please help me I don't want to lose my money..

They are scam websites, if you want to buy asic miners go to their official websites, like innosilicon and others, they already have a name, why not look for their official websites and purchase right from them? Or Amazon for example , this is a legit verified store
11  Alternate cryptocurrencies / Altcoin Discussion / Re: Question about new projects on: February 12, 2021, 10:05:36 AM
You just have to apply your own knowledge to get the real answer why a project exists, there are many use cases in crypto space that people don't even need but if developers don't give a try in the first place how will they know? Use cases like A.I always fail in crypto space for unknown reasons, it's even hard to see a real payment solution crypto project today, all those that claimed to be a payment solution end up dead or abandoned
12  Alternate cryptocurrencies / Altcoin Discussion / Re: Can Dogecoin reach 1$ soon? on: February 11, 2021, 01:53:26 PM
DOGE can't reach 1$, that's near impossible for some reasons, it is a good coin for high ROI right now but don't expect too much from DOGE, first look at the max supply of DOGE, it's too massive honestly
13  Alternate cryptocurrencies / Mining (Altcoins) / Re: Massive difference in results on: February 11, 2021, 01:05:28 PM
I recommend going back to phoenix miner, it's simply one of the best miners for ETH right now, even other mining softwares auto activate phoenix miner before any other Ethereum miners, Trex miner is even deactivated in Nicehash for unknown reasons
14  Alternate cryptocurrencies / Mining (Altcoins) / Re: Massive difference in results on: February 11, 2021, 12:58:51 PM
So I mine a little bit on my gaming PC, I've been mining for a month now with Phoenix Miner and Nanopool and got passed my first threshold 0.05 eth in just under a month. I wanted to try something different this time. I heard about T-Rex miner and thought I'd try it since everyone is saying good stuff about it, oh and I mine with a 1080Ti. So I chose ethermine pool this time around and fired up T-rex miner but instead of an increase I'm seeing massive decrease and delays when comparing my hash window and pool stats window. Check the images below to understand.

As you can see my miner shows a constant 41 mhs hashrate and I've tracked it for a while but the pool dashboard is showing 3.3 mhs is average and current is 18 mhs also the profitability is like $0.50 or less a day but when I use to mine before with phoenix and nanopool it was updating constantly with the mining window and the profitability was like $3 - $4 a day. Why is this happening? is T-rex miner bad? or etherpool dashboard is slow?

PS: I'm a very new miner I don't have more than 1% knowledge about mining, I just see youtube videos and try it myself so If I said anything wrong please help me correct it.

Thank you
To me Trex miner is crap, it degrades my mining hashrate, phoenix miner and NBminer are way better than Trex, also I see that your temp is 77C, that's high for a Nvidia cards that's not RTX3090, better put thermal paste and pads on the gpu memory chips, less temp equals to longer life span
15  Alternate cryptocurrencies / Mining (Altcoins) / Re: Stay away from new POW coins on: February 11, 2021, 11:22:15 AM
As far as costs are not excessive it is a bit like gambling with fewer risk. But in the case electricity is expensive in your country or, like mine, you have to pay $350/montly just to get "permission" to mine, it is possible that with most of the altcoins mined you can't cover the costs because they'll not even be listed in any exchange. If your situation fits more with the second example, it could be better to simply buy and hodl crypto with the money you were thinking to invest in mining.

Do your maths taking into account that the risk is high. Don't spend mining the money you can't afford to lose.
What? Are people actually paying 350$ per month on electricity in some countries? That's a killer bill I would rather so build inverter and solar panels, in my country electricity costs around 15$ to 25$ per month
16  Alternate cryptocurrencies / Mining (Altcoins) / Re: egpu for mining on: February 10, 2021, 05:57:51 PM
Not worth buying unless someone sell for you at cheap price, egpu are costly from scratch, even one with a RX580 can be sold for 530$+ where as a discrete RX580 don't cost up to that at all, I can still get a RX580 8gb at 370$

Where are you seeing RX580's 8gb for $370....$529 is lowest i find for a new 580-8......that is in stock and can point in ones not in stock.

It should be the range of 370$ to 400$, actually I got mine at 400$ and many are saying I bought too high and now you say it's over 529$ ? That's not surprising 🤷🏼‍♂️ gpu price will keeps surging the more bitcoin keeps growing higher
17  Alternate cryptocurrencies / Mining (Altcoins) / Re: That extra two pin slot on 8pin GPUs on: February 10, 2021, 05:45:00 PM
Probably because output at 6-pin connector is made for 75W, and output at 8-pin conenctor is made for 150W, no matter how
wiring is done

It seems you know more about mining equipments, see I have a 6pin to 8pin cable and it works like every other 8pin connectors from powers supply, I don't know why many are saying the connector can start fire or some thing, here is what I used and it works fine

18  Alternate cryptocurrencies / Altcoin Discussion / Re: Windows wallet or regular wallet? on: February 08, 2021, 05:35:49 PM
regular wallets for example such as Etherscan and Windows wallets,which do you think is the most secure for each campaign you participate in?
let's share a little because every Windows wallet I have ever participated in always fails to be exchanged or sold when the token is on the market exchange..

Hmm, looks like the same experience I had when mining new altcoins, the truth is most new altcoins don't have mobile wallet at launch, they only make windows wallet available and you need to sync the wallet from time to time, id rather use Coinomi wallet or Trust wallet to hold any coins because there is no data syncing in these type of wallets
19  Alternate cryptocurrencies / Altcoin Discussion / Re: Low market cap COIN GEMS 2021 - share your best pick! on: February 08, 2021, 03:42:01 PM
With the DOT hype my pick is DARK
Sub ~1million marketcap
6.5 million circulating / 10 million max
18% cold staking via wallet
decent tokenomics and good development happening

I just posted a topic here for more info

SHIFT NRG also seems to be moving to DOT but I haven't enough research yet - look into it though if you're keen Smiley
NRG is moving to DOT too?  Huh This is a bad news for Ethereum, it seems that many projects are moving into Polkadot and more will leave in future, the only thing dragging Ethereum down right now is high gas fee and I don't think vitalik can do anything about this right now, the best altcoin I'm holding for possible insane surge soon are Polkadot and Avalanche, they aren't low marketcap coins but I don't care
20  Alternate cryptocurrencies / Mining (Altcoins) / Re: Mining ZCash? What kind of hardware do I need? on: February 05, 2021, 07:28:06 AM
You need asic miner to mine Zcash today, it's been long since gpu can't mine Zcash again, if Zcash algorithm is a thing to you then you need to do research on coins that runs on EquiHash algorithm, if they still have low difficulty then it will make sense to use gpu to mine such coins
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