8th Alt coin thread. Or what to do now that asics are all over the place.

[arielbit]

I would not allow a pure pos coin of any kind.

As much as I try to understand how a pos coin can’t work with no mining I simply see all pos only coins as impossible to truly work.

Hi philip.

Not against your opinion and i'm a miner myself, but i'm quite curious. There are already lots of research articles on POS and how much more efficient and secure the mining process can be, would you like to explain why you believe these protocols won't work?

what backs the coin?

a pow electrical power spent and mining gear back the coin.


kind of an equivalent to silver or gold standard.

in the case of a pos the coin is not backed by power spent or by gear mining.

it is backed by fiat tendered for coin.  much closer to a bank then pow.

note i said pure POS   not hybrid such as ETH or PPC

To me POS is much like a bond or a cd

Now I have stayed clear of POS  when I had a run in with PPC   I had staked 2000 ppc coins and they were due to do earn 3% for staking ..  The dev came out with a new wallet and said it was needed to switch to it  by a set date.  3 or 4 people had all their coins vanish  when doing the upgrade.  2000 coins were worth about 1100 usd.  I would have taken a shot  at the update but I had my wallet on mac and they did not do a mac update.  I talked it over on there site got no help and decided to cash out.  I never did pos  after this and they were a pos/pow hybrid  which was what I liked about them.

If I can not mine coins at a certain profit  even a small profit  I am not doing a business.

I don't know of any pure pos coin that allows this.

ie I stuck with a stake cost   which is not controllable  at my level.

With pow I can control

 power cost
 gear cost
 earn certain profit on a coin

for instance BTG   I earn .4 a day that is split on my power deal  so it is a certain 0.20 BTG a day

my gear cost = 0    so 0.20 x 365 = 73 BTG a certainty to a degree   that is 12 a month  sell 6 hodl 6  end of the year  sold 36 held 36

make money.

I can not do this with pos

POS can be mined indirectly with the help of pools and exchanges...like a multipool that mines the most profitable coins, dumps them and buy a certain POS coin......if the exchange or the multipools fucks up...then back to staking until somebody setup another multipool.

I got really lucky with this POS coin http://www.presstab.pw/phpexplorer/SLS/richlist.php

the dev backs it up with other coins..i have really no idea what's cookin' there though.

[1714473374]

1714473374

[1714473374]

1714473374

[1714473374]

1714473374

[philipma1957]

I would not allow a pure pos coin of any kind.

As much as I try to understand how a pos coin can’t work with no mining I simply see all pos only coins as impossible to truly work.

Hi philip.

Not against your opinion and i'm a miner myself, but i'm quite curious. There are already lots of research articles on POS and how much more efficient and secure the mining process can be, would you like to explain why you believe these protocols won't work?

what backs the coin?

a pow electrical power spent and mining gear back the coin.


kind of an equivalent to silver or gold standard.

in the case of a pos the coin is not backed by power spent or by gear mining.

it is backed by fiat tendered for coin.  much closer to a bank then pow.

note i said pure POS   not hybrid such as ETH or PPC

To me POS is much like a bond or a cd

Now I have stayed clear of POS  when I had a run in with PPC   I had staked 2000 ppc coins and they were due to do earn 3% for staking ..  The dev came out with a new wallet and said it was needed to switch to it  by a set date.  3 or 4 people had all their coins vanish  when doing the upgrade.  2000 coins were worth about 1100 usd.  I would have taken a shot  at the update but I had my wallet on mac and they did not do a mac update.  I talked it over on there site got no help and decided to cash out.  I never did pos  after this and they were a pos/pow hybrid  which was what I liked about them.

If I can not mine coins at a certain profit  even a small profit  I am not doing a business.

I don't know of any pure pos coin that allows this.

ie I stuck with a stake cost   which is not controllable  at my level.

With pow I can control

 power cost
 gear cost
 earn certain profit on a coin

for instance BTG   I earn .4 a day that is split on my power deal  so it is a certain 0.20 BTG a day

my gear cost = 0    so 0.20 x 365 = 73 BTG a certainty to a degree   that is 12 a month  sell 6 hodl 6  end of the year  sold 36 held 36

make money.

I can not do this with pos

POS can be mined indirectly with the help of pools and exchanges...like a multipool that mines the most profitable coins, dumps them and buy a certain POS coin......if the exchange or the multipools fucks up...then back to staking until somebody setup another multipool.

I got really lucky with this POS coin http://www.presstab.pw/phpexplorer/SLS/richlist.php

the dev backs it up with other coins..i have really no idea what's cookin' there though.

yes a 3 step plan is mining indirectly, but it is mining the coin.  still you dumped coins back by power and gear for coins backed basically on imagination.

Not saying that you can't make money that way.  It is just a lot risky compared to what I do.

I mine  BTG today with gear that is paid off.  I sell enough BTG to pay the power.

I hold only the paid off BTG = I absolutely make money.

[JaredKaragen]

right now, I only hold one POS coin...   and I am holding the coin not to stake it... I just found that I generated about ~.0001 BTC worth of that coin per day.. so its a bonus.  I own a little over 2% of that coin's supply.

I do like the idea of buying into a coin to put value into "storage" to support the coin... but it has many downsides.

People keep tying the value of BTC to other things, this distorts perspectives a LOT.

ETH has always claimed it will be independent of BTC's value;  but the nature of exchanges moots that objective/point.....

[adaseb]

right now, I only hold one POS coin...   and I am holding the coin not to stake it... I just found that I generated about ~.0001 BTC worth of that coin per day.. so its a bonus.  I own a little over 2% of that coin's supply.

I do like the idea of buying into a coin to put value into "storage" to support the coin... but it has many downsides.

People keep tying the value of BTC to other things, this distorts perspectives a LOT.

ETH has always claimed it will be independent of BTC's value;  but the nature of exchanges moots that objective/point.....

I agree with you but with ETH going POS it will be a different scenario.

Basically most of the low cap POS coins lately where all mostly scams and you could tell because they promised like 100% gains per year. And usually what happens is people buy these coins and don't sell them to stake and the prices usually ends up crashing because the devs and early adapters all sold the coins.

With ETH should be a different story, we will see how it will work. I am hoping that the Hybrid POS goes smoothly and it will gives us an idea of how successful it will be. However with ETH, most likely there will be bugs which will lead to hacks which will lead to lost coins, as it was with the DAO hack or all those millions of dollars worth of coins stuck in a smart contract due to bad programming.

[philipma1957]

right now, I only hold one POS coin...   and I am holding the coin not to stake it... I just found that I generated about ~.0001 BTC worth of that coin per day.. so its a bonus.  I own a little over 2% of that coin's supply.

I do like the idea of buying into a coin to put value into "storage" to support the coin... but it has many downsides.

People keep tying the value of BTC to other things, this distorts perspectives a LOT.

ETH has always claimed it will be independent of BTC's value;  but the nature of exchanges moots that objective/point.....

I agree with you but with ETH going POS it will be a different scenario.

Basically most of the low cap POS coins lately where all mostly scams and you could tell because they promised like 100% gains per year. And usually what happens is people buy these coins and don't sell them to stake and the prices usually ends up crashing because the devs and early adapters all sold the coins.

With ETH should be a different story, we will see how it will work. I am hoping that the Hybrid POS goes smoothly and it will gives us an idea of how successful it will be. However with ETH, most likely there will be bugs which will lead to hacks which will lead to lost coins, as it was with the DAO hack or all those millions of dollars worth of coins stuck in a smart contract due to bad programming.

Eth is a very large coin  with a lot of value  and it has delayed going to POS for years.

It  makes money for me  via nicehash   and the eth enlargement pill  my 1080tis all do about 50mh mining it.

https://www.nicehash.com/miner/1JdC6Xg3ajT3rge3FgPNSYYFpmf53Vbtje

7 to 8 dollars a day  using  24 kwatts  my  home gear  at full priced new jersey power summer rates  = 4.50 in power  so 7.50 - 4.50 = 3 profit

that is 4 1080ti's  and  1 1050ti  along with a ryzen 1800x on monero7

gear is paid off so 3 bucks a day  is 1000 a year

[generalt]

Looks like EVGA is having a nice sale on their PSU's if anybody is looking.  Not sure if it's US only.

https://www.evga.com/products/feature.aspx

Couple of prices.

1300 G2 $140
1600 G2 $190

[P00P135]

Looks like EVGA is having a nice sale on their PSU's if anybody is looking.  Not sure if it's US only.

https://www.evga.com/products/feature.aspx

Couple of prices.

1300 G2 $140
1600 G2 $190

Pretty sweet deal, too bad 1 per household.

[philipma1957]

they are good prices for those psus

and amazon  for prime has this cpu

225 vs 299
https://www.amazon.com/gp/product/B07B41717Z/ref=oh_aui_detailpage_o02_s00?ie=UTF8&psc=1


175 vs 225


https://www.amazon.com/gp/product/B07BVNYFM2/ref=oh_aui_detailpage_o01_s00?ie=UTF8&psc=1

or 400 vs 524

https://www.evga.com/products/product.aspx?pn=210-PQ-1000-X1

this is a 1000 watt for 129

3 key parts for a damn good pc

529  instead of 735

now eBay has  25 off 119 so  use primo119 as the code

get 500gb samsung ssd for 99
https://www.ebay.com/itm/Samsung-860-EVO-500GB-2-5-Inch-SATA-III-Internal-SSD-MZ-76E500B-AM-NEW/163151820530?


628 missing ram and case still very nice for a pc build

[philipma1957]

I ordered 2 of these from evga

https://www.evga.com/products/product.aspx?pn=220-P2-1000-XR

cost 260 for the 2

they now have  12 year warranties

I order these 2 from amazon

mobo was about 175 + 2%  or 179

https://www.amazon.com/gp/product/B07BVNYFM2/ref=oh_aui_detailpage_o01_s00?ie=UTF8&psc=1

cpu was about 225 + 2% or  230

https://www.amazon.com/gp/product/B07B41717Z/ref=oh_aui_detailpage_o02_s00?ie=UTF8&psc=1

[TheYankeesWin!]

BTC topped 7500 today

and diff dropped -3.45%

a good day

[Moondoggie]

BTC topped 7500 today

and diff dropped -3.45%

a good day

Nice little pump, hope we can keep it

[adaseb]

BTC topped 7500 today

and diff dropped -3.45%

a good day

Nice little pump, hope we can keep it

Yes and its crazy how quickly the settlement has already changed. 2 Days ago people were bearish and thinking we will get $1000 bitcoins and now they are predicting $50000-$100000 at the year end.

Basically you gotta becareful because it could be a nasty bull trap like in May where it looked like it was going to break $10K and never look back and instead the complete opposite happened.

[Moondoggie]

BTC topped 7500 today

and diff dropped -3.45%

a good day

Nice little pump, hope we can keep it

Yes and its crazy how quickly the settlement has already changed. 2 Days ago people were bearish and thinking we will get $1000 bitcoins and now they are predicting $50000-$100000 at the year end.

Basically you gotta becareful because it could be a nasty bull trap like in May where it looked like it was going to break $10K and never look back and instead the complete opposite happened.

People are mad, sure it'd be nice if they are correct though!

[rs1x]

L3+ from bitmain down to $289.

I’ve read a lot of speculation they have a more powerful scrypt miner to hit the shelves next.

I have no real opinion on their business model. It’s not something I’m knowledgeable in

[philipma1957]

L3+ from bitmain down to $289.

I’ve read a lot of speculation they have a more powerful scrypt miner to hit the shelves next.

I have no real opinion on their business model. It’s not something I’m knowledgeable in

they may  I think the l3 is a 28nm  too maybe they can boost a 16 or 10nm  to do 900mh at 700 or 800 watts

vs the 500mh  at 700 or 800 watts

and a new build
aluminum mounting plate --------new from spotswood
a rx 560 4g for 99 dollars --------new from new egg
 the aorus x470 -------------------new
the ryzen 2700---------------------new
2x 16 gb sticks of ram-------------had this on hand
a corsair ax1500 psu --------------had this on hand
a 500gb wd ssd--------------------had this on hand

this will be more of a development rig may add the acorn's to it.

[Elder III]

L3+ from bitmain down to $289.

I’ve read a lot of speculation they have a more powerful scrypt miner to hit the shelves next.

I have no real opinion on their business model. It’s not something I’m knowledgeable in

they may  I think the l3 is a 28nm  too maybe they can boost a 16 or 10nm  to do 900mh at 700 or 800 watts

vs the 500mh  at 700 or 800 watts

and a new build
aluminum mounting plate --------new from spotswood
a rx 560 4g for 99 dollars --------new from new egg
 the aorus x470 -------------------new
the ryzen 2700---------------------new
2x 16 gb sticks of ram-------------had this on hand
a corsair ax1500 psu --------------had this on hand
a 500gb wd ssd--------------------had this on hand

this will be more of a development rig may add the acorn's to it.

That new rig has some nice potential for a rendering rig with a couple higher end GPUs.  Or for Acorns with some GTX 1080 Ti... once the x4 risers are out you could probably run at least 4 Acorns and 4 1080 Ti, maybe more.

[badfad]

Anyone else keeping off buying gpus waiting on nvidia to move its ass?


On another note I remember everyone seemed so bearish around here in 2016, with strings of hope which materilized in '17. I wish I knew how the mood was around here '15.

[philipma1957]

L3+ from bitmain down to $289.

I’ve read a lot of speculation they have a more powerful scrypt miner to hit the shelves next.

I have no real opinion on their business model. It’s not something I’m knowledgeable in

they may  I think the l3 is a 28nm  too maybe they can boost a 16 or 10nm  to do 900mh at 700 or 800 watts

vs the 500mh  at 700 or 800 watts

and a new build
aluminum mounting plate --------new from spotswood
a rx 560 4g for 99 dollars --------new from new egg
 the aorus x470 -------------------new
the ryzen 2700---------------------new
2x 16 gb sticks of ram-------------had this on hand
a corsair ax1500 psu --------------had this on hand
a 500gb wd ssd--------------------had this on hand

this will be more of a development rig may add the acorn's to it.

That new rig has some nice potential for a rendering rig with a couple higher end GPUs.  Or for Acorns with some GTX 1080 Ti... once the x4 risers are out you could probably run at least 4 Acorns and 4 1080 Ti, maybe more.

I just  got it running..2 1080ti's with  the eth pill

and here it is

https://www.nicehash.com/miner/146UJM5kgzLVUV23CXCf33KQKHckoX1gx3

very good looking board lots of lites

[JaredKaragen]

and a new build
aluminum mounting plate --------new from spotswood
a rx 560 4g for 99 dollars --------new from new egg
 the aorus x470 -------------------new
the ryzen 2700---------------------new
2x 16 gb sticks of ram-------------had this on hand
a corsair ax1500 psu --------------had this on hand
a 500gb wd ssd--------------------had this on hand

this will be more of a development rig may add the acorn's to it.

I still have that 560 of yours....  been having issues still with getting respectable hashrates out of the "other" algos....    And I haven't devoted enough time to finishing that project recently since things have been hectic over here.....  I'm pretty sure I just need to keep digging up and testing different drivers still.   Especially annoying since I am avoiding anything having to do with bios modding... it just adds more question marks as most heavily recommend the bios modding.

[Biodom]

Not sure if this is the right board to ask, but anybody knows how exactly Bitmain's order works when you pay 50% for pre-order?

1. Are you being locked in into half btc (or other crypto) now, half later or it is being adjusted based on btc price later on (this would be more fair, of course, but probably too much to expect)?
2. Do you pay second installment into the same btc/bch/ltc address or they would give you another address?