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

[philipma1957]

i would like to point out that there is another option, passive income like rooms/apartment/anything for rent produces current too just a different kind of current called currency $$$ that currency can get you coins thru exchanges or run your rigs thru the electric company by sending them $$$.

here is a food for thought, the biggest mining farm--> federal reserve, they can print 4000$ cash for just around 3$ cost...just 3$ for 1 BTC...even cheaper, just typing 4000$ in a computer, that's just cents in electricity and efforts for 1 BTC   hehe

The "passive income" thing can work, but it does have costs and needs a LOT of investment to generate significant income.
My maternal Grandparents went that route after Grandpa retired - but they had fairly close to $1,000,000 to work with between Grandpa cashing out his "employee stock purchase" plan, them selling their (fairly small) farm, etc.
You can get started with quite a bit less than that though - but it's a case of "more investment = more income" and is pretty close to linear in a given area.

The Federal Reserve Bank does NOT print money - that's the US Treasury Department via the US Mint(s), and they also turn metal into money (but sometimes at a LOSS on that, pennies in particular the material cost has been higher than 1 cent for a LONG time now).

different countries different economic scenario, from where I am a 65,000$ can purchase a lot that you can lease at ~500$ a month, any improvements will increase the passive income from 500$ to above that..but surely you have to shift though shitcoins in real estate, sometimes you might get lucky.

renewable energy=nature

passive income=humans as battery, paying you money which is convertible to almost anything.

look at phil's thread on the second solar farm, i think what people will commonly overlook is the warehouse owner has a cut in profits hehe

yes  we have 520th btc and 8gh ltc

but only 260th is mine and buysolars
and only  8gh ltc is mine and buysolars

split again

  I have 130th of btc mining for free from now on.
  I have   2gh of ltc mining for free from now on.

that is 644usd in btc for free

that is 375usd in ltc for free

that is 1059usd  for me in coins  for free or after spilts. each month.

not getting rich on this.

but  the solar  has big upsides  in NJ

so big we will be doing a bigger setup soon  maybe 2x or 1.5x

so my 1059  would get 1500 or 2000 more.

and with the splits the way they are  structured my  power cost fear/risk goes by by.

And I hodl most of that coin.  just like I do with  BCI.

I am hoping for 1 good run in the next five years.  I can keep on doing what I am doing cause it always makes some money. One good run and it becomes serious money.

[1715193420]

1715193420

[1715193420]

1715193420

[1715193420]

1715193420

[philipma1957]

anyone   get the gtx 1660ti?


























btc tester

34T2dcMozyihmWerr6ToNv2XMrHdg6RDcX



ltc tester

LSUd5DLEuZhTYaerq8Kx9CYS7b6chCwnAf

[dragonmike]

anyone   get the gtx 1660ti?


























btc tester

34T2dcMozyihmWerr6ToNv2XMrHdg6RDcX



ltc tester

LSUd5DLEuZhTYaerq8Kx9CYS7b6chCwnAf

No, have you?
I'm reading stuff around forums and youtube videos... Figures being flaunted like 24MH/s Ethash (who cares), 20 MH/s x16r (that's better)... If you ask me, it looks to be a very, VERY efficient card. close to GTX 1080 performance for RX 570 wattage (and price). Quite impressive.

[soothaa]

I'm reading stuff around forums and youtube videos... Figures being flaunted like 24MH/s Ethash (who cares), 20 MH/s x16r (that's better)... If you ask me, it looks to be a very, VERY efficient card. close to GTX 1080 performance for RX 570 wattage (and price). Quite impressive.

Yeah that ETH number is meh but 20 on x16r isn't that bad.. but my 1080tis are barely breaking even on x16r as it is with $0.11 power.

[philipma1957]

I'm reading stuff around forums and youtube videos... Figures being flaunted like 24MH/s Ethash (who cares), 20 MH/s x16r (that's better)... If you ask me, it looks to be a very, VERY efficient card. close to GTX 1080 performance for RX 570 wattage (and price). Quite impressive.

Yeah that ETH number is meh but 20 on x16r isn't that bad.. but my 1080tis are barely breaking even on x16r as it is with $0.11 power.

how much power and hash with your 1080ti's on x16r

[dragonmike]

I'm reading stuff around forums and youtube videos... Figures being flaunted like 24MH/s Ethash (who cares), 20 MH/s x16r (that's better)... If you ask me, it looks to be a very, VERY efficient card. close to GTX 1080 performance for RX 570 wattage (and price). Quite impressive.

Yeah that ETH number is meh but 20 on x16r isn't that bad.. but my 1080tis are barely breaking even on x16r as it is with $0.11 power.

...but then again, a 2060 will do 25MH/s on x16r for $50 and 20W more. That's pretty good too.
Ah well, with the 1660's and 1550 Ti's and what not it looks like nVidia is really releasing a crapton of cards to corner every part of the market now. Every $50 you get another card.

[philipma1957]

I just returned a rtx 2070  pretty good card.

I may get a 1660ti next













test address below

it is for sv bitcoincash

bitcoincash:qq748m6m69sge7tym6r7wugp2radsvkv55v3gq377d





new

bitcoincash:qzkeun7ym7mjerqypd7fe3fjgqmztvlqq5vddm7ys5

[Marvell2]

I'm reading stuff around forums and youtube videos... Figures being flaunted like 24MH/s Ethash (who cares), 20 MH/s x16r (that's better)... If you ask me, it looks to be a very, VERY efficient card. close to GTX 1080 performance for RX 570 wattage (and price). Quite impressive.

Yeah that ETH number is meh but 20 on x16r isn't that bad.. but my 1080tis are barely breaking even on x16r as it is with $0.11 power.

how much power and hash with your 1080ti's on x16r

1080s ti does like 25 to 30 , not looked at power use tho

[adaseb]

Well been out of the mining loop for a while. Was hoping to re-start my ETH mining after the ETH fork if the price > $200 or so. However looks like profitability is worse now than before and nets like a nickel a day, whereas before it net a dime a day.

Wondering if anything special is coming up? I heard there is a potential XMR fork with an anti-ASIC algo and there is some ETH ProgPOW in the works. Any idea if these will actually happen ?

Too attached to my RX GPUs and R9 290 to sell them on eBay , will just keep them in the basement for a while until maybe one day they will become useful again.

[herrdrone]

Well been out of the mining loop for a while. Was hoping to re-start my ETH mining after the ETH fork if the price > $200 or so. However looks like profitability is worse now than before and nets like a nickel a day, whereas before it net a dime a day.

Wondering if anything special is coming up? I heard there is a potential XMR fork with an anti-ASIC algo and there is some ETH ProgPOW in the works. Any idea if these will actually happen ?

Too attached to my RX GPUs and R9 290 to sell them on eBay , will just keep them in the basement for a while until maybe one day they will become useful again.

XMR's POW will be tweaked again on March 9 at block 1788000: https://www.reddit.com/r/MoneroMining/comments/awx4jg/you_must_update_your_miners_for_the_march_9/
Yet, there is a discussion to implement Random X as long term solution: https://www.reddit.com/r/Monero/comments/aovypq/randomx_asic_resistant_pow_community_feedback/

ETH's ProgPoW is still work in progress. Zcash dropped the ball: https://github.com/ZcashFoundation/GrantProposals-2018Q2/issues/15

[abhiseshakana]

Well been out of the mining loop for a while. Was hoping to re-start my ETH mining after the ETH fork if the price > $200 or so. However looks like profitability is worse now than before and nets like a nickel a day, whereas before it net a dime a day.

Wondering if anything special is coming up? I heard there is a potential XMR fork with an anti-ASIC algo and there is some ETH ProgPOW in the works. Any idea if these will actually happen ?

Too attached to my RX GPUs and R9 290 to sell them on eBay , will just keep them in the basement for a while until maybe one day they will become useful again.

It has happened to me .... My earnings have roughly more than halved from October due to a falling rate of profit in altcoin mining, so I simply turn off my rig and it almost 5 months now.

I'm not lucky enough to get cheap electricity, my costs is 0.105 kwh and it's really hard to mine, an even for a new coin with high profitability because difficulty can blow up if it suddenly gets hit by huge mining power when a lot of miners know that coin have profitability to mine.

Hopefully, with the next halving event expected to happen in the next year will be bringing a significant impact on altcoin mining. 

[Marvell2]

Well been out of the mining loop for a while. Was hoping to re-start my ETH mining after the ETH fork if the price > $200 or so. However looks like profitability is worse now than before and nets like a nickel a day, whereas before it net a dime a day.

Wondering if anything special is coming up? I heard there is a potential XMR fork with an anti-ASIC algo and there is some ETH ProgPOW in the works. Any idea if these will actually happen ?

Too attached to my RX GPUs and R9 290 to sell them on eBay , will just keep them in the basement for a while until maybe one day they will become useful again.

It has happened to me .... My earnings have roughly more than halved from October due to a falling rate of profit in altcoin mining, so I simply turn off my rig and it almost 5 months now.

I'm not lucky enough to get cheap electricity, my costs is 0.105 kwh and it's really hard to mine, an even for a new coin with high profitability because difficulty can blow up if it suddenly gets hit by huge mining power when a lot of miners know that coin have profitability to mine.

Hopefully, with the next halving event expected to happen in the next year will be bringing a significant impact on altcoin mining. 

Unfortunately this is the wrong choice , unless you are buying crypto, might as well sell your rigs because if it does become profitable again lots of ppl will jump in and back to square one.  this is the time to utilize your rigs and mine at a bit of a losss and hold your mined assets. Or trade the gear in for crypto

[adaseb]

Well been out of the mining loop for a while. Was hoping to re-start my ETH mining after the ETH fork if the price > $200 or so. However looks like profitability is worse now than before and nets like a nickel a day, whereas before it net a dime a day.

Wondering if anything special is coming up? I heard there is a potential XMR fork with an anti-ASIC algo and there is some ETH ProgPOW in the works. Any idea if these will actually happen ?

Too attached to my RX GPUs and R9 290 to sell them on eBay , will just keep them in the basement for a while until maybe one day they will become useful again.

It has happened to me .... My earnings have roughly more than halved from October due to a falling rate of profit in altcoin mining, so I simply turn off my rig and it almost 5 months now.

I'm not lucky enough to get cheap electricity, my costs is 0.105 kwh and it's really hard to mine, an even for a new coin with high profitability because difficulty can blow up if it suddenly gets hit by huge mining power when a lot of miners know that coin have profitability to mine.

Hopefully, with the next halving event expected to happen in the next year will be bringing a significant impact on altcoin mining. 

Unfortunately this is the wrong choice , unless you are buying crypto, might as well sell your rigs because if it does become profitable again lots of ppl will jump in and back to square one.  this is the time to utilize your rigs and mine at a bit of a losss and hold your mined assets. Or trade the gear in for crypto

I realized this also however right now since mining is not profitable at all, there isn't too much demand for these mining GPUs. Hence you would need to sell them very cheap and you are better off just holding on to them unless you got some 1080Ti you need to desperately unload to pay off your Newegg Credit card bills.

I predict that most likely the value of GPUs won't be that much different in 6-12 months time. So you are better off just waiting and when the profitability comes back either mine then or just sell your rigs then.

[abhiseshakana]

I realized this also however right now since mining is not profitable at all, there isn't too much demand for these mining GPUs. Hence you would need to sell them very cheap and you are better off just holding on to them unless you got some 1080Ti you need to desperately unload to pay off your Newegg Credit card bills.

I predict that most likely the value of GPUs won't be that much different in 6-12 months time. So you are better off just waiting and when the profitability comes back either mine then or just sell your rigs then.

Yeah, you were right. I'm still looking for an opportunity to mine again later, but if I realize that day will never come (when my patience will wear out someday) i'll sell all of my gears for a fair price.

Luckily I bought my gears when the break-even barriers not getting bigger as now. I started mining in mid-2016 btw and for my latest rigs, it reaches breakeven at the end of 2017.

[crazydane]

When you guys sell rigs, do you typically box the GPU's back up and sell them individually, or do you sell the rigs whole?

I got 3x 1060 3GB rigs that I will be shutting down permanently soon.  2 of them have 8 GPUs and the 3rd one has 7.  It would be much easier to do 3 transactions instead of 23, but I have a feeling I would take a big loss selling the rigs whole vs. individual cards.

With patience, I should be able to sell each GPU for $100-110, but I doubt anyone would pay ~ $1k for a 8x 1060 3GB rig (with mobo, , CPU, PSU, etc).  Besides, by selling only the GPU's, I'd still have the base system for loading up with new 7nm GPU's in a few years, should mining become a thing again.

[dragonmike]

When you guys sell rigs, do you typically box the GPU's back up and sell them individually, or do you sell the rigs whole?

I got 3x 1060 3GB rigs that I will be shutting down permanently soon.  2 of them have 8 GPUs and the 3rd one has 7.  It would be much easier to do 3 transactions instead of 23, but I have a feeling I would take a big loss selling the rigs whole vs. individual cards.

With patience, I should be able to sell each GPU for $100-110, but I doubt anyone would pay ~ $1k for a 8x 1060 3GB rig (with mobo, , CPU, PSU, etc).  Besides, by selling only the GPU's, I'd still have the base system for loading up with new 7nm GPU's in a few years, should mining become a thing again.

I think you hit the nail on the head.
I'm seeing GPUs bid up quite nicely (especially the higher-end ones though - not too many bids on the RX cards over here in the UK at first glance) but mining rigs don't seem to be fetching a lot of interest. Maybe it's because it scares off a lot of people, who otherwise would blissfully have bought GPUs from you, thinking you were gaming with them...

An idea would be to snap up cheap used mining rigs and sell the GPUs separately!

[soothaa]

Zcash dropped the ball: https://github.com/ZcashFoundation/GrantProposals-2018Q2/issues/15

Well that really sucks. I never thought they were gonna do it anyway, they always seemed happy to do whatever got them the most attention.. reveal secret transactions that were "suspect", keep ASICs on their network, etc. I've never really been a fan of them personally.

[herrdrone]

Zcash dropped the ball: https://github.com/ZcashFoundation/GrantProposals-2018Q2/issues/15

Well that really sucks. I never thought they were gonna do it anyway, they always seemed happy to do whatever got them the most attention.. reveal secret transactions that were "suspect", keep ASICs on their network, etc. I've never really been a fan of them personally.

I think both are guilty. Zcash didn't have the best intention to keep decentralized but at least they approved the grant for ifdefelse.

When you take a look at github's thread, ifdefelse seems unresponsive. I mean there wasn't a single reply from ifdefelse to zcash team as they post from time to time waiting a response. I hope this won't be the case for eth 

Or progpow.pro will become in a meme page  lol

[soothaa]

Zcash dropped the ball: https://github.com/ZcashFoundation/GrantProposals-2018Q2/issues/15

Well that really sucks. I never thought they were gonna do it anyway, they always seemed happy to do whatever got them the most attention.. reveal secret transactions that were "suspect", keep ASICs on their network, etc. I've never really been a fan of them personally.

I think both are guilty. Zcash didn't have the best intention to keep decentralized but at least they approved the grant for ifdefelse.

When you take a look at github's thread, ifdefelse seems unresponsive. I mean there wasn't a single reply from ifdefelse to zcash team as they post from time to time waiting a response. I hope this won't be the case for eth 

Or progpow.pro will become in a meme page  lol

Isn't the work open source? Why would the other team respond to a github item on the zcash repo..?

[herrdrone]

Zcash dropped the ball: https://github.com/ZcashFoundation/GrantProposals-2018Q2/issues/15

Well that really sucks. I never thought they were gonna do it anyway, they always seemed happy to do whatever got them the most attention.. reveal secret transactions that were "suspect", keep ASICs on their network, etc. I've never really been a fan of them personally.

I think both are guilty. Zcash didn't have the best intention to keep decentralized but at least they approved the grant for ifdefelse.

When you take a look at github's thread, ifdefelse seems unresponsive. I mean there wasn't a single reply from ifdefelse to zcash team as they post from time to time waiting a response. I hope this won't be the case for eth  

Or progpow.pro will become in a meme page  lol

Isn't the work open source? Why would the other team respond to a github item on the zcash repo..?

 if you READ github thread, ifdefelse posted on zcash repo when ProgPoW was proposed and replied later. Seems like after grant was approved there wasn't more communication between them.

Edit: Redaction.