Number 9! Ninth altcoin thread. Back to the moon Baby!

[Elder III]

Has anyone noticed any improvements with quad channel RAM vs dual channel for mining RandomX?  I thought it might help, but it doesn't seem to make any difference on my first gen threadripper.

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[philipma1957]

Has anyone noticed any improvements with quad channel RAM vs dual channel for mining RandomX?  I thought it might help, but it doesn't seem to make any difference on my first gen threadripper.

yeah my 1920x  seems to stay around 6000   with 11,12,13,14,15,16 threads 2 or 4 sticks of ram


but I underclock with eco it runs fairly cool and does not pull a ton of power. 

but frankly  the 1st gen is merely okay.

[NurSie]

Guys what you think about Bitfree Cash (BFC)? Someone call it's Ponzi scam, but profit from mining for now very good.

Well I searched and searched and couldn't find it on the announcements page. So I decided to google it and found a link but when I click it I get some error saying I don't have the rights to access that thread. Its looks like it was either removed due to a potential ponzi scheme like you said or there is some other link that I can't find.

Post the official ANN and I will take a look. The issue is that if its indeed a ponzi, its a waste of time to mine since no exchange will list it. In my opinion stay away from any Ponzi schemes, it gives crypto a bad name and its the reason why the 2018 bear market started when bitcoinnnect went under.

official ANN https://bitcointalk.org/index.php?topic=5209540.0
all information in there. welcome to our tele as well

[NurSie]

Guys what you think about Bitfree Cash (BFC)? Someone call it's Ponzi scam, but profit from mining for now very good.

official ANN https://bitcointalk.org/index.php?topic=5209540.0
all information in there. welcome to our tele as well

[BogdanCo]

Guys what you think about Bitfree Cash (BFC)? Someone call it's Ponzi scam, but profit from mining for now very good.

Well I searched and searched and couldn't find it on the announcements page. So I decided to google it and found a link but when I click it I get some error saying I don't have the rights to access that thread. Its looks like it was either removed due to a potential ponzi scheme like you said or there is some other link that I can't find.

Post the official ANN and I will take a look. The issue is that if its indeed a ponzi, its a waste of time to mine since no exchange will list it. In my opinion stay away from any Ponzi schemes, it gives crypto a bad name and its the reason why the 2018 bear market started when bitcoinnnect went under.

official ANN https://bitcointalk.org/index.php?topic=5209540.0
all information in there. welcome to our tele as well

Looks bad to me. To much premine (2.1 mil coins?) if the information from your ANN is correct.
However, if I go to their website, it's a different story: only 105.000 coins are premined and if you sum up the coins then ~4 mil is missing... So what are the correct numbers?

[jasta more]

Because it is bad,just your typical chinese ponzie crypto scheme.You cant even mine it without injecting some of your cash in it.Thier last coin(bbc)had a similar faith,devs just forked away all gpu miners and allow only for people to buy hash from their "bank"

[adaseb]

Because it is bad,just your typical chinese ponzie crypto scheme.You cant even mine it without injecting some of your cash in it.Thier last coin(bbc)had a similar faith,devs just forked away all gpu miners and allow only for people to buy hash from their "bank"

Never knew this happened.

I guess the reason they get away with doing this is because mining profitability right now is so bad that they figure that if they can show decent profitability for GPU miners that they will buy their coins just to power up their rigs again.

Later there are alot of scams going around. A few ponzi's out there not including the defunct PlusToken and there are tons of these "crypto trading signal groups" which have people paying $500/month to get a message when to buy or sell BTCUSD. Most of those never end up working out and the group operator ends up running away with everyone's funds.

Hopefully 2020 will be a better year for crypto in general, we will see what the halving will have in store for us.

[arielbit]

Because it is bad,just your typical chinese ponzie crypto scheme.You cant even mine it without injecting some of your cash in it.Thier last coin(bbc)had a similar faith,devs just forked away all gpu miners and allow only for people to buy hash from their "bank"

Never knew this happened.

I guess the reason they get away with doing this is because mining profitability right now is so bad that they figure that if they can show decent profitability for GPU miners that they will buy their coins just to power up their rigs again.

Later there are alot of scams going around. A few ponzi's out there not including the defunct PlusToken and there are tons of these "crypto trading signal groups" which have people paying $500/month to get a message when to buy or sell BTCUSD. Most of those never end up working out and the group operator ends up running away with everyone's funds.

Hopefully 2020 will be a better year for crypto in general, we will see what the halving will have in store for us.

scams are not just in crypto coins/tokens.. exchanges can be like shitcoins too-running away with money, basically in its essence is where you all put your money in one central place.

well.. when the general sentiment is BTC and innovative projects and also other projects are not scammy and will change the world or any industry = BUBBLE

and then BTC is king and alts are scams = BEAR market

and then finally BTC is also a scam = this is where the bottom is LOL

[badbart]

Guys what you think about Bitfree Cash (BFC)? Someone call it's Ponzi scam, but profit from mining for now very good.

Well I searched and searched and couldn't find it on the announcements page. So I decided to google it and found a link but when I click it I get some error saying I don't have the rights to access that thread. Its looks like it was either removed due to a potential ponzi scheme like you said or there is some other link that I can't find.

Post the official ANN and I will take a look. The issue is that if its indeed a ponzi, its a waste of time to mine since no exchange will list it. In my opinion stay away from any Ponzi schemes, it gives crypto a bad name and its the reason why the 2018 bear market started when bitcoinnnect went under.

official ANN https://bitcointalk.org/index.php?topic=5209540.0
all information in there. welcome to our tele as well

Looks bad to me. To much premine (2.1 mil coins?) if the information from your ANN is correct.
However, if I go to their website, it's a different story: only 105.000 coins are premined and if you sum up the coins then ~4 mil is missing... So what are the correct numbers?

BFC is listed on MXC with high volume and f2pool for mining, I don't know if this means anything.  I've been looking at it over the past couple days and its seems too good.

[citronick]

Guys what you think about Bitfree Cash (BFC)? Someone call it's Ponzi scam, but profit from mining for now very good.

Well I searched and searched and couldn't find it on the announcements page. So I decided to google it and found a link but when I click it I get some error saying I don't have the rights to access that thread. Its looks like it was either removed due to a potential ponzi scheme like you said or there is some other link that I can't find.

Post the official ANN and I will take a look. The issue is that if its indeed a ponzi, its a waste of time to mine since no exchange will list it. In my opinion stay away from any Ponzi schemes, it gives crypto a bad name and its the reason why the 2018 bear market started when bitcoinnnect went under.

official ANN https://bitcointalk.org/index.php?topic=5209540.0
all information in there. welcome to our tele as well

Looks bad to me. To much premine (2.1 mil coins?) if the information from your ANN is correct.
However, if I go to their website, it's a different story: only 105.000 coins are premined and if you sum up the coins then ~4 mil is missing... So what are the correct numbers?

BFC is listed on MXC with high volume and f2pool for mining, I don't know if this means anything.  I've been looking at it over the past couple days and its seems too good.

you need to get 300 coins staked to get full mining rewards (otherwise you get only 30% coins mined) - ingenious way to get your money upfront.... 1 will pass

[badbart]

You can mortgagee less, I mortgaged one rig.  But I think you guys are right, it doesn't feel right to me.  I could mortgage $20,000 and have my gpus making $90 a day.  Too good to be true.  I'll see if I get i get burned out of my 100 coins.  I calculated it will take around 200 days to make the mortgage back at the current market.

[adaseb]

A little over a day and we should have the ETH fork which should at least temporarily improve profits, according to,
https://etherscan.io/block/countdown/9200000

There is a day and 4 hours to go. With the block time going from 17 seconds to 13 seconds we should instantely get 25% more in profits, so if you got low power rates it should help but for most retail miners in most of the USA it won't make much difference, pretty sure most have their rigs powered off already.

I think unless we get a huge price surge of ETH going into the BTC halving or some ProgPOW algo switch then most likely will sell the rest of my GPUs.

[philipma1957]

A little over a day and we should have the ETH fork which should at least temporarily improve profits, according to,
https://etherscan.io/block/countdown/9200000

There is a day and 4 hours to go. With the block time going from 17 seconds to 13 seconds we should instantely get 25% more in profits, so if you got low power rates it should help but for most retail miners in most of the USA it won't make much difference, pretty sure most have their rigs powered off already.

I think unless we get a huge price surge of ETH going into the BTC halving or some ProgPOW algo switch then most likely will sell the rest of my GPUs.

i listed two rigs in the marketplace today.

[judypug1956]

You can mortgagee less, I mortgaged one rig.  But I think you guys are right, it doesn't feel right to me.  I could mortgage $20,000 and have my gpus making $90 a day.  Too good to be true.  I'll see if I get i get burned out of my 100 coins.  I calculated it will take around 200 days to make the mortgage back at the current market.

what does 1x 1080ti earn if you mortage coins

lets say I have a rig with 3 1070's 2 1080's 1 1080ti  six cards

it pulls around 1000 watts or 24 kwatts a day.

so 10 cent =  2.40 in power
      5 cent =  1.20 in power

if the rig earns 12 bucks a day with a mortgage

it earns 3.60 a day with no mortgage  that is a profit at 10 cents

so if you mortgage a rig and earn 12 bucks
and dont mortgage 2 rigs and earn 7.20

you are at 19.20 power is 7.20 at 10 cents = 12 a day profit.

on 3 rigs 1 mortgaged and 2 not mortgaged

so if this math is true then a mix of rigs reduces risk of a con.

which means others will be doing this and if it is a con it will break down quickly

[badbart]

You can mortgagee less, I mortgaged one rig.  But I think you guys are right, it doesn't feel right to me.  I could mortgage $20,000 and have my gpus making $90 a day.  Too good to be true.  I'll see if I get i get burned out of my 100 coins.  I calculated it will take around 200 days to make the mortgage back at the current market.

what does 1x 1080ti earn if you mortage coins

lets say I have a rig with 3 1070's 2 1080's 1 1080ti  six cards

it pulls around 1000 watts or 24 kwatts a day.

so 10 cent =  2.40 in power
      5 cent =  1.20 in power

if the rig earns 12 bucks a day with a mortgage

it earns 3.60 a day with no mortgage  that is a profit at 10 cents

so if you mortgage a rig and earn 12 bucks
and dont mortgage 2 rigs and earn 7.20

you are at 19.20 power is 7.20 at 10 cents = 12 a day profit.

on 3 rigs 1 mortgaged and 2 not mortgaged

so if this math is true then a mix of rigs reduces risk of a con.

which means others will be doing this and if it is a con it will break down quickly

I only mortgaged 3 out of my 20 rigs to see what happens.  So far the coin looks good https://www.mxc.com/trade/easy#BFC_USDT.  But I'm with you guys I really don't trust it and will cashout the mortgages soon.  I don't understand the use for the coin, the marketing seems to revolve around mining only.

[DrG]

There have been enough BFC shill posts from NurSie to catch some low hanging fruit. I can't see any funtional reason for the coin to exist. At least Zcash and the plethora of other coins claimed to be something.

This BFC coin just looks like a cash grab and those left with mortgages will be holding useless coin with somebody running off with their fiat.

[jasta more]

There have been enough BFC shill posts from NurSie to catch some low hanging fruit. I can't see any funtional reason for the coin to exist. At least Zcash and the plethora of other coins claimed to be something.

This BFC coin just looks like a cash grab and those left with mortgages will be holding useless coin with somebody running off with their fiat.

It's a ponzie scheme, seems that they are popular in China(one plus token for example)

[badbart]

I just released my mortgages going to sell at the top of the pyramid, lol.  I checked the forums and see all of NurSie's post and I'm out.  If your making a decent return you don't spam it on message boards to attract more miners to lower your profits.

I released my mortgages from f2pool and it will take 1,100 conformations to clear, lol.  That's a long time.

[adaseb]

Anyone back to mining ETH again?

Looking at Whattomine, it looks like profitability increased from 1 penny a day per gpu to a nickel per day per gpu from before the fork. Basically it looks like as soon as the fork hit, many people restarted their rigs and hence why the profitability is still pretty bad.

https://etherscan.io/chart/hashrate

Seems there are tons and tons of unpowered GPUs that are desperate to mine anything as long as it produces a profit. I wonder if we will ever get the days of $1/gpu/day profitability back.

[citronick]

I kept 13 x 1080tis running still on whatever coins that makes sense otherwise it falls back to Nicehash DaggerHashimoto. Thats all the GPUs that I will maintain within my reach. My hosted 1ph SHA256 farm at 6c/kw/hr is still in the black so will hangon to that.

@philipma - time for a New Year 2020 thread (no.10) for good luck!