280 mines like crap 48Mhash with optimized Sgminer, 12 with regular. LOL
48 how many gpu? 1070 can only reach 20mh, but if i run six i get 12, weird... |
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ocminer it work for me, but i see that you deleted the post about the possible issue
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since the average diff increase is around 10% each month, you will get 10% less(well not that accurate actually less than that) each month approximately
but the diff only increase if there is enough margin of profit, right it is now with bitcoin at $1500, if the value do not increase for a long time, this scenario would be different
in soem case you could earn more as the diff would stuck there or reduce
The problem its with the same hash power the amount of eth coins that I can mine its decrease over 25-30% from Last month like you said the difficulty increase and my mining will decrease also the question is what is the mathematics equation they do ( the Calculator ) to see how much coins they will mine the is an equation for that but I dont know it ( does it difficulty/hash power * Time? ) If you know or help me the find the equation Thank you! there can't be an equation, because the diff always vary you can at best do an estimate on what will be your income in the future i remember there was a calculator online that take in considerazione the average diff increase and give you an estimate on the possible profit you would have in the future this has something http://www.bitcoinx.com/profit/, but not exactly what i remember... |
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to reduce the variance it's better to have the ability to hash one block in one day to have enough power for that you need a lot of hash rate, like 2000 antminers s9
which cost a lot and consume a lot, i think you can also try to mine in solo with the core client if they didn't remove the possibility, without relying on any pool
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this what happened to burt, i suspect they caught him with an insider that trade with him on localbitcoin, i guess he was moving again a large sum
but still i can't see anything illegal in exchange a big amount to fiat if you are going to claim it later anyway, what's all this thing about money trasmitting?
as far as i know it should happly only to merchants and not to private users, certainly it's different in europe
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- snip -
its deflationary
- snip -
as you can see growth drops
- snip -
Come on franky1... You're smarter than that. If I start moving forward at 50 miles per hour, and every 4 hours I cut my speed in half (so after 4 hours I'm moving at 25 mph, and after 8 hours I'm moving at 12.5 mph, and after 12 hours I'm moving at 6.25 mph...) That doesn't mean I'm moving backwards. It just means I'm moving forwards slower. You're trying to play the same mindgame that governments play when they say "the deficit is shrinking". They hope the sheeple will confuse that and think it means the debt is getting smaller, when in reality it just means that while the debt is still growing, it is growing a bit slower than it used to. The fact that the growth rate (speed) is shrinking doesn't mean that the total supply is shrinking (deflationary). It's still inflationary (more exists now than before). It's a lower inflation (growth) rate, as you yourself pointed out in your example, but the inflation rate is still positive. It will eventually be deflationary (less exists at a given time than before), but only when the quantity lost or destroyed over a reasonable amount of time is more than the amount created over that same reasonable amount of time. there is however a difference between a inflationary slow rate with a limit(bitcoin) and a inflationary money without limit like fiat, you can't say they are both on the same boat, despite both are still inflationary one need to look at the total supply of bitcoin, which is limited, which make it already kinda deflationary aside form the emission rate, which is meaningless already(1800 coins per day) versus the already 16M+ mined |
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$0.85 transaction fee is just a small fee because if you compare it to the banks or any remittances you can get a minimum of around $1-5 fee for every transaction (based in the rate of the remittances here). When i do transactions in blockchain, it charges me for the lowest of $0.42 and the maximum fee that i put is around $1, it is okay for me because higher fees means faster confirmation.
not true that banks charge you more, i don't pay anything with my bank for any kind of movements, desposit withdrawal from atm or transfer of any kind, the only time i need to pay is to send money abroad on abroad transaction bitcoin is very good compared to any bank, in fact they usually charge 25 euro or more for a transfer, with bitcoin you are there wiht 3 euro at worst |
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an hardfork won't kill bitcoin, and hardfork it's just an excuse to generate fud and try to buy cheap coin back
every time you see a fall in the value is because soemone is manipulating to buy back cheap, it's never because bitcoin is dead or bullshit like that
besides this there is no hardfork issue, and BU will hardly made it at this point
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SP, is this you on flypool earning $225K/month?
An earning like that would be nice..  you are not that far away are you? 1000+ gpu each one $150 a month... |
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Just downloaded the 2.0-bitcore.v3
my 7x1080 machine gets between 17.5-18.5 per card.
what miner is that epsylon still have not released anything |
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17 is low, i get 17 too, but a 980ti can do 18, the 1070 should reach 20 at least  |
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PALGIN'S LATEST RELEASE (V3) STABLE OVERNIGHT--
The math is a little rough, but my 980ti is earning about $5.50 a day mining BitCore, where it normally earns $2.50. I am mining on YIIMP, with an intensity of "-i 21" The card clocks at 13MH/s, and earns about 1.6 BTX a day. At he current price of 0.00215 BTC for 1 BTX:
1.6 BTX/DAY x .00215 BTC/BTX x $1600/BTC = $5.50/DAY
Lunch at McD's is paid for. --scryptr
With a miner that does 20MHASH a day on the gtx980ti, you don't need to eat lunch at McD's Hmmm... Palgin's v3 did closer to 18MH with 980ti, 16MH @80% tdp. Didn't even touch to intensity. 17 with a 1070, not really optimized for pascal |
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that is the normal hash everyone get yes
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If you can afford buy coins, else just hold your coins that you have in the wallet rather than selling. Price with bitcoin is always an uncertain one, so hold for a little time period. If lucky you'll experience further price increase getting you good profit. If the price falls too don't get panic and help the big investors profit.
Okay I will hold my coins for now on. On what price would you recommend selling it before it drops? I know no one knows this, but what is your prediction  don't dump now, the price just started to climb, would be stupid to do it now, probably we are heading to $2k or near that, maybe dumping at $1800 would be a good bet but these things are really unpredictable one thing is clear to me bitcoin isn't returning back like in the good old day with high unstable pump and dump, this si a legitimate rise that will put bitcoin in the adoption era the best strategy would be to just buy as many as possible ignoring all the price correction, and wait for the $10k in the upcoming years or probably just after the block debate is done... |
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don't panic just because you see a correction, still dropping back to 1200-1300 is a very good position, those are high value
i can't see any bubble, i mean the value increase by how much 20%? that is hardly a bubble, a bubble is 100% at least or more up to 10% like with mtgox
and talking about mtgox, i don't believe there will be ever a crash like that, because the value now is genuinely pumped not fked like in the past
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i believe the trust from people only come because some government are accepting and regulating bitcoin, bitcoin is always seen as a tool for criminal and not trusted by the average joe
but if their government say, this is now a good thing, they will trust it blindly, when this happen other country will join the party slowly, and the confidence increase, thus making the value go up
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since the average diff increase is around 10% each month, you will get 10% less(well not that accurate actually less than that) each month approximately
but the diff only increase if there is enough margin of profit, right it is now with bitcoin at $1500, if the value do not increase for a long time, this scenario would be different
in soem case you could earn more as the diff would stuck there or reduce
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Pointless discussion - GPUs are ASICs
If someone makes a GPU scam coin, and if it ever actually got worth anything, then you just make an ASIC to mine it.
but you can effectively change the algo again and again to make asic worthless, gpu can instead adapt to the new change making it more flexible and not worthless after the algo is changed in fact no one is building asic for vertcoin, which is the coin that did this to avoid asic mining, bitcoin would have been more decentralized for sure with gpu, the diff would also be much lower and this would allow casual mining So either the options to change the PoW are designed into the coin code and you design that into the ASIC also, or you are dealing with some stupid coin that who knows when the centralised control of that coin is going to change it and stop everyone from being able to mine the coin without getting a new program to mine it ... oh wait isn't this supposed to be peer2peer? Nope that's centralised control. what you are talking about when you say centralized control? there is no centralized control on vertcoin for example, if you mean by the dev or his team it's no different than core and what we have for bitcoin the algo change is in agreement with all the party that are mining that coin not a single entity decide it, and there is no doubt that gpu can promote mining decentralization deny this would be lying shamelessly |
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Well, this is actually sad, because it means I can't pick up coins at a cheap price...
there are still coins under 1k satoshi, but it's indeed more difficult, it seem that ivnestors are seeking for small cheap coins and buy tons of those believing that they will increase their investment will make them increase of course You will soon see most of the money not invested into Bitcoin, flowing back into it. People buy Alt coins and then make some profits and then the bubble burst and they buy more Bitcoins. Why? Bitcoin has the biggest merchant and user network of all the other Alt coins combined. < Name ONE big merchant that accepts Alt coins ? >
This might change over time, when governments starts to show their real support for some of these Alt coins. < ETH & Ripple >
i see this argument many time lately, but it's not right to think that all the money that are in the altcoin, are there just because they want more bitcoin, they are there because they think that bitcoin might collapse one day and they like to diversificate otherwise if what you said was true, right now all the altcoin would be dumped to the ground and only bitcoin would be the only one, instead even old altcoin are still there stronger than ever |
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