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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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AriesIV10
Legendary
 Offline
Activity: 1260
Merit: 1006
Mine for a Bit
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November 07, 2016, 04:24:43 PM |
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Very intriguing. CPU Cost $130. Assumption: 1 CPU = 1 GPU in hashing power I was making about $60.00 in ZEC with 24 GPUs yesterday. 60/24 = $2.50 per day with the new processor ROI = $130 / $2.50 = 52 days Question is: Will ZEC be around for 52 days?  I am going to CHANCE it and invest in the processor and ZEC with it. haha Again, Thanks Phil for the options. |
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xleejohnx
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November 07, 2016, 09:58:14 PM |
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Very intriguing. CPU Cost $130. Assumption: 1 CPU = 1 GPU in hashing power I was making about $60.00 in ZEC with 24 GPUs yesterday. 60/24 = $2.50 per day with the new processor ROI = $130 / $2.50 = 52 days Question is: Will ZEC be around for 52 days? I am going to CHANCE it and invest in the processor and ZEC with it. haha Again, Thanks Phil for the options. zec and xmr are the only 2 other coins worth mining as of right now.. you have etc but its ehhh if zec would fix the z address bug it would pick back up a little |
As I see a super coin as the super highway and alt coins as taxis and trucks needed to move transactions. ~philipma1957
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LoneRangir
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November 08, 2016, 02:46:56 AM |
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D'oh! Awesome link, though! Thanks |
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philipma1957 (OP)
Legendary
Offline
Activity: 4116
Merit: 7862
'The right to privacy matters'
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November 08, 2016, 03:14:41 AM |
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D'oh! Awesome link, though! Thanks easy to get confused there are a lot of CPU models. |
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QuintLeo
Legendary
Offline
Activity: 1498
Merit: 1030
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November 08, 2016, 08:11:08 AM |
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Profitability seems to match Eth now
With the current block reward it will. Maybe once the full block reward is given we will see a stable number hopefully it will be profitable I think .5 btc will be the stable number. Already dropped below that. I'm not betting on it being stable even at 0.1 - where's the "retailer acceptance" that is the ONLY thing that can support a price long-term? On the other hand, the block reward is still ramping up - I'm crunching the numbers at least once a day between ZEC, ETH, and the other option I originally BUILT most of my recent rigs for and switching as appropriate. Worst case, I've already had a week of "double or more the profitability" out of my existing GPU rigs AND the new 3-card rig. 8-) |
I'm no longer legendary just in my own mind!
Like something I said? Donations gratefully accepted. LYLnTKvLefz9izJFUvEGQEZzSkz34b3N6U (Litecoin)
1GYbjMTPdCuV7dci3iCUiaRrcNuaiQrVYY (Bitcoin)
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bobben2
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November 08, 2016, 04:56:20 PM |
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Guys, If you are looking to buy a cpu for cpu-mining and need some info on their relative performance, this might shed some light. http://www.cpubenchmark.net/overclocked_cpus.html |
Fellow miners, get your thens and thans in order and help other forum readers understand what you are writing. Remember the grammar basics: B larger THAN A (comparator operator). If something THEN ....
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philipma1957 (OP)
Legendary
Offline
Activity: 4116
Merit: 7862
'The right to privacy matters'
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November 08, 2016, 05:48:45 PM |
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Profitability seems to match Eth now
With the current block reward it will. Maybe once the full block reward is given we will see a stable number hopefully it will be profitable I think .5 btc will be the stable number. Already dropped below that. I'm not betting on it being stable even at 0.1 - where's the "retailer acceptance" that is the ONLY thing that can support a price long-term? On the other hand, the block reward is still ramping up - I'm crunching the numbers at least once a day between ZEC, ETH, and the other option I originally BUILT most of my recent rigs for and switching as appropriate. Worst case, I've already had a week of "double or more the profitability" out of my existing GPU rigs AND the new 3-card rig. 8-) Price will get shored up by intel. some math to follow. https://www.coingecko.com/en/market_cap/zcash/usd |
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GabryRox
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November 08, 2016, 11:57:07 PM |
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ZEC finally having a good day (at least for now lol)... back up over .4 BTC / $300 USD. Might be short-lived but I'm just happy to see a day without a 20% drop lol. Not that the whopping .15 ZEC i've mined with my 1 4-card rig amounts to much anyway, but was just about to switch back over to ETH with my GPUs, then this happened. I guess it wont hurt to keep mining ZEC for a while longer lol.
BTW... I am heading out of town soon and the wife knows nothing about how to maintain my rig, so was looking into remote desktop control options. Windows built-in remote PC control seems to be a decent option since the 2 PCs i want to control remotely are both on W7 and my travelling laptop is W10. Is this a good way to go for just my minimal set-up? Looking for something both easy to set up and easy to operate. Just curious what people are using and recommendations for my specific case. Thanks!
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philipma1957 (OP)
Legendary
Offline
Activity: 4116
Merit: 7862
'The right to privacy matters'
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November 09, 2016, 12:43:29 AM |
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as I said a rally . http://coinmarketcap.com/1 Bitcoin Bitcoin $11,339,854,622 $710.25 15,965,892 BTC 2 Ethereum Ethereum $925,295,508 $10.79 85,773,991 ETH 39 Zcash Zcash $5,668,146 $367.59 15,420 ZEC Look how easy it is for Intel to bump price. Tell what me what commercial makes you want an intel cpu i 5 or better the one with Sheldon Cooper and Michael Phelps or zec at 1 btc due to intel buying the coins . |
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LoneRangir
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November 09, 2016, 03:04:40 AM |
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ZEC finally having a good day (at least for now lol)... back up over .4 BTC / $300 USD. Might be short-lived but I'm just happy to see a day without a 20% drop lol. Not that the whopping .15 ZEC i've mined with my 1 4-card rig amounts to much anyway, but was just about to switch back over to ETH with my GPUs, then this happened. I guess it wont hurt to keep mining ZEC for a while longer lol.
BTW... I am heading out of town soon and the wife knows nothing about how to maintain my rig, so was looking into remote desktop control options. Windows built-in remote PC control seems to be a decent option since the 2 PCs i want to control remotely are both on W7 and my travelling laptop is W10. Is this a good way to go for just my minimal set-up? Looking for something both easy to set up and easy to operate. Just curious what people are using and recommendations for my specific case. Thanks!
I use the chrome remote desktop app. You can add it right in the the chrome browser on your desktops, and add the app to your phone. |
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xleejohnx
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November 09, 2016, 04:08:54 AM |
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as I said a rally . http://coinmarketcap.com/1 Bitcoin Bitcoin $11,339,854,622 $710.25 15,965,892 BTC 2 Ethereum Ethereum $925,295,508 $10.79 85,773,991 ETH 39 Zcash Zcash $5,668,146 $367.59 15,420 ZEC Look how easy it is for Intel to bump price. Tell what me what commercial makes you want an intel cpu i 5 or better the one with Sheldon Cooper and Michael Phelps or zec at 1 btc due to intel buying the coins . wouldnt surprise me if amd or nvidia jumped on it and bought some |
As I see a super coin as the super highway and alt coins as taxis and trucks needed to move transactions. ~philipma1957
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LoneRangir
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November 09, 2016, 04:16:24 AM |
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as I said a rally . http://coinmarketcap.com/1 Bitcoin Bitcoin $11,339,854,622 $710.25 15,965,892 BTC 2 Ethereum Ethereum $925,295,508 $10.79 85,773,991 ETH 39 Zcash Zcash $5,668,146 $367.59 15,420 ZEC Look how easy it is for Intel to bump price. Tell what me what commercial makes you want an intel cpu i 5 or better the one with Sheldon Cooper and Michael Phelps or zec at 1 btc due to intel buying the coins . wouldnt surprise me if amd or nvidia jumped on it and bought some You think Intel, AMD, and Nvidia mine alt coins? |
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philipma1957 (OP)
Legendary
Offline
Activity: 4116
Merit: 7862
'The right to privacy matters'
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November 09, 2016, 04:53:12 AM |
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as I said a rally . http://coinmarketcap.com/1 Bitcoin Bitcoin $11,339,854,622 $710.25 15,965,892 BTC 2 Ethereum Ethereum $925,295,508 $10.79 85,773,991 ETH 39 Zcash Zcash $5,668,146 $367.59 15,420 ZEC Look how easy it is for Intel to bump price. Tell what me what commercial makes you want an intel cpu i 5 or better the one with Sheldon Cooper and Michael Phelps or zec at 1 btc due to intel buying the coins . wouldnt surprise me if amd or nvidia jumped on it and bought some You think Intel, AMD, and Nvidia mine alt coins? No but I think their combined worth is over 50 billion usd Actually more like 70 billion usd. And the market cap of Zec is about 6 million dollars. So if they buy coins on an exchange it does not cost much to move the price to 1 btc. Which would sell a shitload more CPUs and gpus not to mention mobos and atx psus. So just buy some Zec at exchanges and it is far better the paying an Olympian and a TV start to do a commercial. If Zec keeps higher then 1 btc tons and tons and tons of gear will be sold . With a six million dollar cap the companies above can pump the price easy via exchange purchases |
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LoneRangir
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November 09, 2016, 05:12:49 AM |
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as I said a rally . http://coinmarketcap.com/1 Bitcoin Bitcoin $11,339,854,622 $710.25 15,965,892 BTC 2 Ethereum Ethereum $925,295,508 $10.79 85,773,991 ETH 39 Zcash Zcash $5,668,146 $367.59 15,420 ZEC Look how easy it is for Intel to bump price. Tell what me what commercial makes you want an intel cpu i 5 or better the one with Sheldon Cooper and Michael Phelps or zec at 1 btc due to intel buying the coins . wouldnt surprise me if amd or nvidia jumped on it and bought some You think Intel, AMD, and Nvidia mine alt coins? No but I think their combined worth is over 50 billion usd Actually more like 70 billion usd. And the market cap of Zec is about 6 million dollars. So if they buy coins on an exchange it does not cost much to move the price to 1 btc. Which would sell a shitload more CPUs and gpus not to mention mobos and atx psus. So just buy some Zec at exchanges and it is far better the paying an Olympian and a TV start to do a commercial. If Zec keeps higher then 1 btc tons and tons and tons of gear will be sold . With a six million dollar cap the companies above can pump the price easy via exchange purchases I see... cheaper than R&D and advertising. |
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philipma1957 (OP)
Legendary
Offline
Activity: 4116
Merit: 7862
'The right to privacy matters'
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November 09, 2016, 05:21:30 AM |
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as I said a rally . http://coinmarketcap.com/1 Bitcoin Bitcoin $11,339,854,622 $710.25 15,965,892 BTC 2 Ethereum Ethereum $925,295,508 $10.79 85,773,991 ETH 39 Zcash Zcash $5,668,146 $367.59 15,420 ZEC Look how easy it is for Intel to bump price. Tell what me what commercial makes you want an intel cpu i 5 or better the one with Sheldon Cooper and Michael Phelps or zec at 1 btc due to intel buying the coins . wouldnt surprise me if amd or nvidia jumped on it and bought some You think Intel, AMD, and Nvidia mine alt coins? No but I think their combined worth is over 50 billion usd Actually more like 70 billion usd. And the market cap of Zec is about 6 million dollars. So if they buy coins on an exchange it does not cost much to move the price to 1 btc. Which would sell a shitload more CPUs and gpus not to mention mobos and atx psus. So just buy some Zec at exchanges and it is far better the paying an Olympian and a TV start to do a commercial. If Zec keeps higher then 1 btc tons and tons and tons of gear will be sold . With a six million dollar cap the companies above can pump the price easy via exchange purchases I see... cheaper than R&D and advertising. Yep and if you read all my thoughts on alt coins since the spring,you would see I have said this about eth and predicted a replacement coin would come . Which would be Zec. If you need to buy a pc for your business Zec really gives a strong incentive for you to get an i5 or i7 Like a hp pavilion 510-50. Or a Lenovo m700. |
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GabryRox
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November 09, 2016, 05:50:27 AM |
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hmmm... interesting points about Intel potentially impacting the price of ZEC to promote higher CPU sales. Certainly it is possible but AMD & NVidia would benefit much more from pumping ZEC right? Because most Intel CPUs will only provide about 50% hash-rate vs just 1 high end GPU... and you can of course build a rig with 4-6 GPUs, so the effective impact of the CPU on a mining rig for ZEC is only about 10% of the overall hash-rate. Still, I do think Intel could benefit from pumping/buying ZEC... I doubt AMD can afford to do much but maybe NVidia can afford to impact it a bit.
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philipma1957 (OP)
Legendary
Offline
Activity: 4116
Merit: 7862
'The right to privacy matters'
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November 09, 2016, 09:15:54 AM |
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hmmm... interesting points about Intel potentially impacting the price of ZEC to promote higher CPU sales. Certainly it is possible but AMD & NVidia would benefit much more from pumping ZEC right? Because most Intel CPUs will only provide about 50% hash-rate vs just 1 high end GPU... and you can of course build a rig with 4-6 GPUs, so the effective impact of the CPU on a mining rig for ZEC is only about 10% of the overall hash-rate. Still, I do think Intel could benefit from pumping/buying ZEC... I doubt AMD can afford to do much but maybe NVidia can afford to impact it a bit.
Well for now I have hash on ETH and ZEC. I sell my ETH and I am now holding my ZEC |
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