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I think monero's gonna goto the moon. Here's the reason why. First, the general market seems to be in an upswing... this will naturally increase the price of monero (along with other alts). This rise in price will once again cause an increase in interest from outside of the crypto space. For a lot of people new to the space, the idea of mining is attractive and fascinating. You can print money with your computer. What? Full stop. I remember reading a while ago that this component of nakamoto consensus has an allure because it is akin to alchemy, and apparently human culture has always had a fascination with alchemy. So, these newcomers will think (as many do) "I should get into mining". They may do some research and discover that bitcoin mining is dead. Eventually they'll come across the fact that Monero is still CPU mineable. And at these bubble run prices, it could probably even turn a profit! So they'll set their PC to mine. Or maybe buy another PC. And they'll mine. And they'll read more about monero. They'll become fascinated with why (and how) monero is a privacy coin. They'll become fascinated with why (and how) monero has chosen to have a CPU-bound PoW. They'll probably also come across the tail emission, and why Monero has one, which will then get them reading about base layer scaling. And they'll mine some more. And they'll read some more about monero. They'll come across this notion of fungibility. They'll perhaps start to understand how blockchains work, and how consensus protocols work, and how base-layer protocol is the most important protocol for a cryptocurrency. Probably after mining for a month, watching the price of monero increase and their pooled mining payout threshold *never* coming close to hitting, and all the while reading this or that about monero, they'll say "well, the only way I'm gonna get a good lot of this Monero is to buy some". And hopefully they'll be able to navigate the morass of AML/KYC(M - o - U - s - E) and get their hands on some. And thats demand. On the buy side. And where's the pressure from the sell side? Monero's emission just went under 2 xmr a block. And this new emission isn't going to mining farms with bottom lines to cover, so they always need to sell to keep the lights on. No, its going to people like this, 500 khs bunch of workers with 1.7 to 7 kh/s per worker. Probably a sysadmin somewhere that has idle CPUs that they've decided to mine with. or this glorious bastard, with 2.2 Mh/s. Their overall activity has a wave pattern, and the worker distribution seems like contemporary intel / amd PCs. And then you get the ones like this, 11 Mh/s peak with a glorious wave pattern. This one is so cyclical you can't see the online workers because they seem to turn off every day at the same time. Or they have an agreement with nanopool to hide their worker details. But the waves are still visible. And its also going to solo miners, like this guy. Roughly 13% of the found blocks aren't accounted for via the major pool aggregation website. I don't wanna make up numbers here, but what if that 13% is all just lucky solo miners? There's ~1440 monero printed every day at this point. How much of that is going straight to market? Based on the fundamental differences in the monero mining ecosystem, I'd bet that more of the newly minted coin is going straight into cold, deep storage. Of course, the markets are all just manipulated nonsense, so it really just depends on when some whale decides to market buy a bajillion xmr for the lulz.
Okay, so I don't have to worry about electricity for at least a year, and I need project ideas to take advantage of it. I know bitcoin mining is dead, but does anyone have a suggestion for a computer I can build to earn some extra money like an investment? I don't know much, I basically am wanting to use this as an excuse to improve my hardware knowledge and to earn a little extra passive income at the same time. I have experience building a custom gaming pc, and I just want to put something together, like I said I don't have to worry about electricity so I can build something that runs 24/7
BTC recently jumped over $10k makes me interested in mining. Yes, I know, CPU-GPU bitcoin mining is dead over years ago. I'm talking about the altcoins. I just realized that the computer specs in the labs are quite powerful, well at least way more than my old laptop. Is it actually explicitly prohibited to run like a miner program at least when I'm physically using the computer for let's say doing my class assignments? Is there any page that shows the policies of using the labs computers? I did search this subreddit and found someone said somebody got expelled, but not sure if that's the same as what I intend to do and/or that is true or not.
I'm new to the mining game. I have a Machine Learning rig at work that for a couple months wont be used (4x 1080ti). I had some BSOD issues early on, but finally got it going with nicehash and I was surprised that I was only averaging $5 a day. When I was setting things up, I saw in past videos people were getting $42/day, then $15/day ... now just a couple dollars a day? Since I'm new, I don't have the experience to know if this is a fluke with using nicehash, or a general trend in the field. It seems like bitcoin popped back up to 10k, but the payouts are still dirt slim. Is there a reason for this?
Hey All, So I'm thinking of buying an Antminer S3, maybe even two of them! Bitcoin Mining is dead, and Peercoin uses SHA256 for Proof Of Work so I figured I could use the Miner on Peercoin, could someone confirm if I'm correct? Could someone also explain how the currency works, because I though Mining was approving transactions, but what are blocks? What is Proof-Of-Stake? Also, what is Minting? Thanks Guys,
A few of my bitcoin videos that you guys might like.
So I've been doing bitcoin videos when the mood strikes me. I'm getting pretty close to doing another video and getting that up and online. Would love any feed back or things you might be interested in for topics.
Hey guys, so I recently just got into bitcoin mining and am mining from my pc at home on my nvidia gtx 1070. Yields about 2.77 dollars a day at 337 mhz by the looks of it, unless I'm reading the program wrong. I have seen that people see it's not worth mining anymore when in my head it sure as he'll is...if I use a raspberry pi with a 10 Port USB expander and I plug those USB block eruptors in running at about 8ghz each, which are at about 0.34 dollars a day maybe more.... that's about 6 dollars a day. That's about 42 dollars a week .. so on so forth...im from South Africa and the currency is 13.80 rand to 1 dollar so a month that's about 2300 rand a month. I could probably buy groceries for a month for my girlfriend and myself with That To give you perspective. Now if I have 4 of those farms it goes up quote a bit. I cant Imagine it using much more power than it currently is because my raspberry pi at the moment and my desktop computer are on 24/7. Am I misunderstanding the concept or am I being too optimistic or why do people say that it's not worth it anymore? Really appreciate the help guys...i actually haven't stopped thinking about this as a 3rd income.
What happens if in the future the miners join forces so that the mining reward does not decrease by half every 4 years? if the miners win this battle (2x) decentralization is over, bitcoin as a project is dead
I use to mine a little bit back in 2013 but I kinda stopped cause I didnt want my computer overheating constantly. But lately I've taken interest in investing and bitcoin (should've done this way sooner). I'm thinking about setting up a mining rig in my basement. Is this pointless or do people still mine bitcoin?
[uncensored-r/btc] Bitcoin is dead, Bitcoin Cash is dead, mining cryptos is dead.
The following post by omghacks is being replicated because the post has been openly greylisted. The original post can be found(in censored form) at this link: np.reddit.com/ btc/comments/7ip97c The original post's content was as follows:
What happens if in the future the miners join forces so that the mining reward does not decrease by half every 4 years? if the miners win this battle (2x) decentralization is over, bitcoin as a project is dead /r/Bitcoin
This has brought mining profitability down to levels such that if a mining operator’s electric rates are much above the U.S. average of $0.11 per kWh then those operators who use GPUs are losing money on every bitcoin mined (when valued at the current exchange rate, a little under $5). Not all miners are facing hard times though. Apparently, Bitcoin is dead. That is what the world’s media have been telling us for as long as the crypto has been alive. In fact, the number of “Bitcoin is dead” articles is over 250, and counting. The doomsayers have been wrong time and again. Well, It’s normal that an incredible rise in price such as the one seen last year would attract many new miners to the booming market. Everyone wanted a piece of the pie, but they required hardware to generate sufficient profit. The market’s law o... Why A Dead Cat Bounce In The Dollar Is Bad For Bitcoin, Gold, and Altcoins. A bouncing dollar doesn’t bode well for Bitcoin’s recent rally, which could see a pullback as a result. This is best demonstrated by comparing Bitcoin against an inverse DXY dollar currency index chart to better depict the dollar’s continued weakness versus According to experienced miners, nowadays you can get rich by mining Bitcoins only if you invest in really powerful equipment and know how to save money on energy bills. However, as a whole, Bitcoin mining at home is dead. The competition in 2017 is more fierce than ever before.
talking about the falling profits and inevitable end of home GPU mining. Sign up with coinbase. buy or sell 100 dollars in crypto currency and get 10 dollars of bitcoin for free with this link to ... Is GPU Mining Still Profitable? Should YOU Build a Crypto Mining Rig? GPU Mining DEAD?! - Duration: 14:34. VoskCoin 64,531 views Bitcoin is Dead - Andreas M. Antonopoulos by Crypto Current. ... Bitcoin Is Free Speech: Why Jamie Dimon Was Wrong and Governments Can Never ‘Close It Down’ ... Lecture 5 — Bitcoin Mining Is cryptocurrency mining dying? While cryptocurrency remains in a bear market, the profitability of crypto mining continues to decrease. Bitmain has sold over ten ASIC miners in 2018 and only a ... Is mining Bitcoin BTC still profitable in 2020? Let's review mining profitability, Bitcoin, Bitcoin Cash, and Bitcoin SV. Block reward halving, network difficulty, ROI's and more! Sub to VoskCoin ...