Fourth alt coin thread last three got oversized.

[LoneRangir]

Citronick , I'm interested in your deep thinking about why you prefer going out of BTC field before hard fork than staying in and get the coins splitted.
It seems that there are pros and cons for both strategys, but none seems obviously superior to the other.
Would be glad to have you thoughts about it !

the facts:
1. nobody (core dev vs hw manufacturers) are likely to budge, so come Aug 1st -- all hell is going to break loose (worst case scenario), my group thinks that ETH, Litecoin and Dash will surge in price.... Monero, ZEC .... maybe
2. "its not the end of the world" --- this fork issue, if it happens... it will shape the surge and resilience of BTC as the leading crypto currency, it needs to be tried and tested...
3. suddenly.... S10 and A8 ASICS will rock the world once again, with premium price. Meanwhile... you can get a spanking new A741 now for 800 bucks.

the risks:
3. the group don't want to be in any compromising position so 3 things to do: take substantial BTC out for cash, take early position in ETH (50%), Litecoin and Dash (30, 20%), and lastly prepare to buy back BTC on the cheap (sub-$1700). As far back as 3 months ago, the group has increased ETH farm hash and buying ETH whenever it drops... we got a few good buys during the exchange glitch at Polo.
4. 4th option -- do nothing.... but we dont want to risk it. This situation is not anything like ETH vs ETC fork, because core dev is not in control, hence forcing the segwit fork to fix their software bugs... dont forget the other big force -- Bitmain, and while they agreed to do segwit, they agreed segwit and 2mb blocksize bump up together..... but Core dev may not have this in mind...  so because this is a case of 2 five year olds fighting each other ... so we wont be part of that - lets be realistic.... yes, we support the blockchain but we dont want to go bankrupt either....

the strategy:
1. the risks are real
2. you got to have a strategy (any strategy to hedge or to limit risks)
3. diversify.... just like how you would in the stock market.

And a word to our newer friends... Don't keep your BTC on an exchange, nor keep it in a pool wallet. If you don't have the private keys, you don't have the BTC.

And the reason to have the private keys is because in the event of a chain split, you'll have coins on both chains.

[1715352209]

1715352209

[SVK]

I keep them on Electrum(1.6.1 released in 2012 lol )  and I have seed code.

Was told that that is all I need.?


Some people are saying that there will be no split - no two coins - no two blockchains and that I should stop spreading/inciting panic etc.

Greed will kill BTC one way or another.

I have enough LTC from my early mining days (Before asics started - still remember when Philip was building his solar farm   )
So I'm not too keen on LTC.

Should I make paper wallets ?

Why in the hell they have to argue just let it be, greedy ba.....ds

[philipma1957]

Citronick , I'm interested in your deep thinking about why you prefer going out of BTC field before hard fork than staying in and get the coins splitted.
It seems that there are pros and cons for both strategys, but none seems obviously superior to the other.
Would be glad to have you thoughts about it !

the facts:
1. nobody (core dev vs hw manufacturers) are likely to budge, so come Aug 1st -- all hell is going to break loose (worst case scenario), my group thinks that ETH, Litecoin and Dash will surge in price.... Monero, ZEC .... maybe
2. "its not the end of the world" --- this fork issue, if it happens... it will shape the surge and resilience of BTC as the leading crypto currency, it needs to be tried and tested...
3. suddenly.... S10 and A8 ASICS will rock the world once again, with premium price. Meanwhile... you can get a spanking new A741 now for 800 bucks.

the risks:
3. the group don't want to be in any compromising position so 3 things to do: take substantial BTC out for cash, take early position in ETH (50%), Litecoin and Dash (30, 20%), and lastly prepare to buy back BTC on the cheap (sub-$1700). As far back as 3 months ago, the group has increased ETH farm hash and buying ETH whenever it drops... we got a few good buys during the exchange glitch at Polo.
4. 4th option -- do nothing.... but we dont want to risk it. This situation is not anything like ETH vs ETC fork, because core dev is not in control, hence forcing the segwit fork to fix their software bugs... dont forget the other big force -- Bitmain, and while they agreed to do segwit, they agreed segwit and 2mb blocksize bump up together..... but Core dev may not have this in mind...  so because this is a case of 2 five year olds fighting each other ... so we wont be part of that - lets be realistic.... yes, we support the blockchain but we dont want to go bankrupt either....

the strategy:
1. the risks are real
2. you got to have a strategy (any strategy to hedge or to limit risks)
3. diversify.... just like how you would in the stock market.

And a word to our newer friends... Don't keep your BTC on an exchange, nor keep it in a pool wallet. If you don't have the private keys, you don't have the BTC.

And the reason to have the private keys is because in the event of a chain split, you'll have coins on both chains.

this is true?

if so only if I am on core 14.02?

[QuintLeo]

Citronick , I'm interested in your deep thinking about why you prefer going out of BTC field before hard fork than staying in and get the coins splitted.
It seems that there are pros and cons for both strategys, but none seems obviously superior to the other.
Would be glad to have you thoughts about it !

the facts:
1. nobody (core dev vs hw manufacturers) are likely to budge, so come Aug 1st -- all hell is going to break loose (worst case scenario), my group thinks that ETH, Litecoin and Dash will surge in price.... Monero, ZEC .... maybe
3. suddenly.... S10 and A8 ASICS will rock the world once again, with premium price. Meanwhile... you can get a spanking new A741 now for 800 bucks.

 Most of the hardware manufacturers SPECIFICALLY INCLUDING BITMAIN (and as I recall BitFury and Caanan as well) were part of the "consensus" that led to the changes that require the fork to implement.
 What is this "core dev vs hw manufacturers" FUD?

 There is no S10 or S8 - where is THAT nonsense originating from?


 While I can see some risk of a short-term "panic" happening due to the ignorant spreading FUD, I don't see this event having any major negative effect on Bitcoin and a great deal of positive effect in the long term.

[thepixelgeek]

Fyi...Asus Prime z270A working fine with 1x 4Gb stick and 8 sapphire cards.

[Jmattes]

I have 3 1080ti's on one board

Running into an unusual heat from my first card.. it hits 75/85 where the other 2 are holding around 60..

Running at 70 tdp with 70% fan speed.. been stable for a while now. It's hot in the basement, but temps were stable until now..

Need to get some risers.. I used to have some, cant figire out where they went.

[EvilMonkey]

I have 3 1080ti's on one board

Running into an unusual heat from my first card.. it hits 75/85 where the other 2 are holding around 60..

Running at 70 tdp with 70% fan speed.. been stable for a while now. It's hot in the basement, but temps were stable until now..

Need to get some risers.. I used to have some, cant figire out where they went.

I had a similar issue with my 3 card setup some fans sorted it.  It was the card that had the most space that was the hottest.  It was almost near the CPU though.  The squashed card was the coolest as it had the hotest card sucking heat off it and going onto itself.

Yes you will want risers.

My cards were not blower style and I couldn't get the hotest card above 70% tpd or it would go oever 70C.

[EvilMonkey]

I am getting flakey numbers on this nicehash account


https://new.nicehash.com/miner/16yLHLoeyuCLPMXkVpC3gyrRYvwRGwjKJr

How many cards is that your running? seen the 1080ti labels, rig 1 seems like 2x1080ti's and rig 2 im unsure on.. seems like 2x1080ti +1080?
Just curious, im looking to make a change.. my earnings lately have been terrible on zpool... with 18x 1080ti's i made a whole 0.0189btc in 24hrs of mining....

zcash is down big time on nicehash so I switched to zpool skein a couple days ago. running 14x 1080ti, 1x1080, 1x1070, 1x980ti. about $15-20 more a day than nicehash.

how do you make more on skein over equihash? I just tried and i am getting a lot lower on skein..

all coins are down. So any info may be out of date.

Also one day test is not accurate.

One 24 hour period is a pretty good test actually.  I track my skein daily at the same time every day and it is pretty spot on over a 24hour period.  But in saying if you turn your miner off some more BTC will trickle in as things you mined clear the exhange.  But its only a 1-2% more so you can get  a pretty good indication.

Skein has been around 1-2$ more than zec for the last three weeks.  It has dipped lower once.  And again yesterday it dipped lower and today it is lower.

All I can say it  mine the most valueable coin now and hold the BTC and sell it later.

[Jmattes]

I have 3 1080ti's on one board

Running into an unusual heat from my first card.. it hits 75/85 where the other 2 are holding around 60..

Running at 70 tdp with 70% fan speed.. been stable for a while now. It's hot in the basement, but temps were stable until now..

Need to get some risers.. I used to have some, cant figire out where they went.

I had a similar issue with my 3 card setup some fans sorted it.  It was the card that had the most space that was the hottest.  It was almost near the CPU though.  The squashed card was the coolest as it had the hotest card sucking heat off it and going onto itself.

Yes you will want risers.

My cards were not blower style and I couldn't get the hotest card above 70% tpd or it would go oever 70C.

I think your right. Recommendation on where to get a powered riser? I have (2) of the old school ribbon ones.. can I use those?

[EvilMonkey]

Citronick , I'm interested in your deep thinking about why you prefer going out of BTC field before hard fork than staying in and get the coins splitted.
It seems that there are pros and cons for both strategys, but none seems obviously superior to the other.
Would be glad to have you thoughts about it !

the facts:
1. nobody (core dev vs hw manufacturers) are likely to budge, so come Aug 1st -- all hell is going to break loose (worst case scenario), my group thinks that ETH, Litecoin and Dash will surge in price.... Monero, ZEC .... maybe
2. "its not the end of the world" --- this fork issue, if it happens... it will shape the surge and resilience of BTC as the leading crypto currency, it needs to be tried and tested...
3. suddenly.... S10 and A8 ASICS will rock the world once again, with premium price. Meanwhile... you can get a spanking new A741 now for 800 bucks.

the risks:
3. the group don't want to be in any compromising position so 3 things to do: take substantial BTC out for cash, take early position in ETH (50%), Litecoin and Dash (30, 20%), and lastly prepare to buy back BTC on the cheap (sub-$1700). As far back as 3 months ago, the group has increased ETH farm hash and buying ETH whenever it drops... we got a few good buys during the exchange glitch at Polo.
4. 4th option -- do nothing.... but we dont want to risk it. This situation is not anything like ETH vs ETC fork, because core dev is not in control, hence forcing the segwit fork to fix their software bugs... dont forget the other big force -- Bitmain, and while they agreed to do segwit, they agreed segwit and 2mb blocksize bump up together..... but Core dev may not have this in mind...  so because this is a case of 2 five year olds fighting each other ... so we wont be part of that - lets be realistic.... yes, we support the blockchain but we dont want to go bankrupt either....

the strategy:
1. the risks are real
2. you got to have a strategy (any strategy to hedge or to limit risks)
3. diversify.... just like how you would in the stock market.

There is a 5th option which is also pretty smart and safe which alot of people are going with and have already mentioned here.  Put your BTC on your own private wallet, so when it forks you can actually choose which one to change it into.  If you leave it on an exchange/other places you don't control they will choose for you.

If you already have BTC you could cash it out but the price is not great.  If you cashed it out now you could potentially buy BTC back at lower prices.    There is also the other senario where you miss the train and it is higher than when you cashed out.  Ultimately it will be higher as this is a big deal going forward.  I am part of several trading groups and this really is one of the best bets.

Exchanging for other cyrpo's is a good idea but you really are taking a risk on some of the percieved strong coins.  ETH IMO is not a good bet with all the issues it has had lately and the major changes coming to it.  It is a big risk.   That risk could really really pay off though as with the other coins.

Personally I think BTC in cold storage where you control the seed, USDT or cash are the safest options.

Personally I will be putting most of my BTC into altcoins as the prices are going to be major steal in the coming few weeks.  I may put some into USDT also and a very small portion will be in cold storage BTC.  I won't be cashing out at all.

[EvilMonkey]

I have 3 1080ti's on one board

Running into an unusual heat from my first card.. it hits 75/85 where the other 2 are holding around 60..

Running at 70 tdp with 70% fan speed.. been stable for a while now. It's hot in the basement, but temps were stable until now..

Need to get some risers.. I used to have some, cant figire out where they went.

I had a similar issue with my 3 card setup some fans sorted it.  It was the card that had the most space that was the hottest.  It was almost near the CPU though.  The squashed card was the coolest as it had the hotest card sucking heat off it and going onto itself.

Yes you will want risers.

My cards were not blower style and I couldn't get the hotest card above 70% tpd or it would go oever 70C.

I think your right. Recommendation on where to get a powered riser? I have (2) of the old school ribbon ones.. can I use those?

I bought mine on ali express.  But they take 20 days to get here.  Make sure you get the 4 capacitor ones that also have the two chips that regulate voltage/spikes.   You also want the 6 pin plug on the riser so you can power them directly from the PSU as the cable that comes with them is not really useable for cards like 1080ti or similar.

https://www.aliexpress.com/item/TISHRIC-VER006C-Blue-1x-to-16x-PCI-Express-Riser-Card-PCI-E-Extender-60cm-USB-3/32800974325.html?spm=2114.40010308.4.2.A3kWYP

I got ones like this.  See the two little chips by the 4th capacitor one yellow one black.  I dunno about the ribbon ones sorry.  That one is out of stock but you can find ones like that easily.

If you are in the US there is other options. 

http://www.parallelminer.com/product/ithoo-usb3-0-pci-express-1x-to-16x-extender-riser-card-adapter-w-24-cable/

[EvilMonkey]

Ok so mining prices have really dumped.

I was looking at maybe mining spread coin.  It is a pain to mine its a bit like ETH where you have to have the whole blockchain downloaded.  And then you have to only solo mine to your wallet, so there is a bit of luck involved, you need one wallet per rig also.  It didn't seem to be working when I tried but the blockchain wasn't downloaded yet so I will try again tonight.

Anyone mining this and have any thoughts or tips on how to actually get it going.  The threads on it have a guy with an enhanced miner wanting upfront BTC to get his miner,  just not sure about that incase its only a fad to mine it for a few weeks.?  the price looks really good and I saw that it is up another 20% today!

[LoneRangir]

this is true?

if so only if I am on core 14.02?

It should be true for any wallet where you have the private keys... electrum, core,  what have you.  

A similar, un-contentious hard fork just occurred over in ZCL a few weeks ago.  I now have coins on both the ZCL and Zen-cash chains.  

However, the parts do NOT equal the whole... at least at this moment.  Perhaps some day they will.

[LoneRangir]

Is USDT actually safe and backed by anything?  I would not put a whole lot into it for very long, especially if you have to leave it on the exchange.  Is there a USDT wallet?

[citronick]

Citronick , I'm interested in your deep thinking about why you prefer going out of BTC field before hard fork than staying in and get the coins splitted.
It seems that there are pros and cons for both strategys, but none seems obviously superior to the other.
Would be glad to have you thoughts about it !

the facts:
1. nobody (core dev vs hw manufacturers) are likely to budge, so come Aug 1st -- all hell is going to break loose (worst case scenario), my group thinks that ETH, Litecoin and Dash will surge in price.... Monero, ZEC .... maybe
3. suddenly.... S10 and A8 ASICS will rock the world once again, with premium price. Meanwhile... you can get a spanking new A741 now for 800 bucks.

 Most of the hardware manufacturers SPECIFICALLY INCLUDING BITMAIN (and as I recall BitFury and Caanan as well) were part of the "consensus" that led to the changes that require the fork to implement.
 What is this "core dev vs hw manufacturers" FUD?

There is no S10 or S8 - where is THAT nonsense originating from?

 While I can see some risk of a short-term "panic" happening due to the ignorant spreading FUD, I don't see this event having any major negative effect on Bitcoin and a great deal of positive effect in the long term.

What is this "core dev vs hw manufacturers" FUD?
https://www.youtube.com/watch?v=Etyjc1JdmFU
See 22min 15sec onwards....
Full video here https://www.youtube.com/watch?v=H1dPSL6i7RA&t=0s
I was in the Q&A during the talk and Vitalik was also there, and commented that while ETH fork was within the control of the devs.... the Bitcoin one is NOT....
My group started our hedging strategy soon after this talk.
IMHO, Bitcoin will likely survive this, I am all for that, the blockchain blah blah blah..... as long as an investment hedging strategy is in place before the fork and not be dragged into the hole because nobody can predict the future.


There is no S10 or S8 - where is THAT nonsense originating from?
My comment was cynically futuristic where when all is dandy again.... we get screwed again by Bitmain because they monopolize the Asics market, and there are no serious competitors. Canaan is not enough.
Philip's first thread.... 4 iterations ago, was one of the reasons I convinced my group to diversify away from Asics and invest in GPU farms.
When in doubt.... "...I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions...." - philipma1957

[JaredKaragen]

a few days before the split I am putting all of my BTC into a vanity wallet I generated some time ago.

I will have to download two massive blockchains to recover the funds... but Ill do it.... if I haven't already converted it to fiat or an alt some time before.

I sent some requests for the ability for our hardware wallets (specifically ledger) to have access to both chains after the split.  Should be interesting to see if they take this on;  or I wont be using it anymore, possibly not even after the split.

This is all retarded.  All of it.

Had they just doubled the blocksize, things wouldn't seem near as drastic as the core team makes it out to be.... no joke.

Things are going to crumble a bit.   I think more than a bit....

The core team devs ARE forcing a fork by means of control;  rather than the original agreed upon consensus method.

[LoneRangir]

If you choose altcoins to diversify, be aware if they're asic based or gpu.  Take LTC for instance.  The largest asic producer for LTC just happens to be the biggest asic producer for BTC, too.  Did you really gain anything??!!  And the true irony... LTC already has SegWit!

[Storx]

Random hardware question, recently GP0 on 4 different machines has been randomly resetting back to stock OEM gpu settings... its never done this before tell just the past few days.. its not the same pc doing it.. each one has done it randomly during the week.... i keep downclocking the gpu, but it seems to not care, because i left it at +0,+0 OC and Mem today but 70%TDP and 70c temp, got home from being out and the GPU was reset back to stock settings... so confused

[Marvell1]

diff just spiked to 70k a few mins ago , I think we will see 100k eth diff by september .. fun times 

[gruntbull]

diff just spiked to 70k a few mins ago , I think we will see 100k eth diff by september .. fun times 

That is a TON of GPUs... to be sold on the market soon.