Personal computing discussed
Moderators: renee, mac_h8r1, Nemesis
DPete27 wrote:How long should it take an RX480 to produce 0.2 Ethereum? I've been mining for nanopool for a week and my account balance is still zero.
When setting up claymore, do you enter your coinbase/geth address as the place to receive your payments? I set up a coinbase account also, but the Ethereum wallet there is different than the address you get by entering in cmd "geth attach, eth.coinbase". If I was supposed to enter my coinbase wallet code and not my geth address would I basically sacrifice all the mining I've done over the past week if I change it now?
kvndoom wrote:Ugh... me in 2009: "Bitcoin? That looks really stupid. Who would waste their electricity doing that?"
Me in 2013 when BTC hit $1200: "OMFG, I could have retired at age 41."
Hindsight and all that...
Looking for Knowledge wrote:When drunk.....
I want to have sex, but find I am more likely to be shot down than when I am sober.
DPete27 wrote:Pulled the plug on my mining this morning. With the value of Ethereum dropping every day and the difficulty increasing it's just not worth it IMO. I figured it takes my RX480 10 days to generate 0.1 Ethereum now (IIRC the difficulty has roughly doubled in the last 1.5 months). I really wanted to get one 0.2 ETH payout from nanopool before I quit, even though I started late. But I figured what am I going to do with $20? Especially since it would require me to set up a secondary paypal account (don't trust the system) and all the BS that comes with cashing in ETH for USD.
0.15 ETH/month * $185 = $28 before I subtract electricity ~86kWh * $0.14 = $12 so I'd only net $16/month or so. And it'll be worse next week, and worse the week after that.
JustAnEngineer wrote:Damned miners are destroying the planet...
https://www.yahoo.com/news/bitcoin-mini ... 17809.html
Kougar wrote:JustAnEngineer wrote:Damned miners are destroying the planet...
https://www.yahoo.com/news/bitcoin-mini ... 17809.html
I guess that's one way for Trump to revitalize the coal industry.
just brew it! wrote:Kougar wrote:Coal-powered currency -- the wave of the future!JustAnEngineer wrote:I guess that's one way for Trump to revitalize the coal industry.Damned miners are destroying the planet...
https://www.yahoo.com/news/bitcoin-mini ... 17809.html
just brew it! wrote:Kougar wrote:JustAnEngineer wrote:Damned miners are destroying the planet...
https://www.yahoo.com/news/bitcoin-mini ... 17809.html
I guess that's one way for Trump to revitalize the coal industry.
Coal-powered currency -- the wave of the future!
meerkt wrote:What's casually mineable nowadays with CPU or low-end GPU?
Not looking for big gains, just a way to convert electricity to cryptobucks.
freebird wrote:Nothing wrong with coal if this tech works...
http://www.sustainablebrands.com/news_a ... _makes_zer
DPete27 wrote:Any TR members who mined Litecoin a few years ago should REALLY look hard for their Litecoin wallets. Litecoin is at $360 right now.
Glorious wrote:Yes, but did you ever wonder why?
If you read the various exchange forums/subreddits it's obvious: everyone is talking about using LTC to move funds out/around the exchanges, because they can't withdraw cash/BTC reliably or effectively.
This is not a good thing.
mudcore wrote:This isn't particularly shocking. LTC from the start has been pitched as silver to BTC's gold and I do believe anyone whose been looking at it for awhile saw this day coming. As for whether its good or bad that depends on perspective and time frame.
Glorious wrote:Yes, incoherently: Bimetallism was about using silver as an inflationary component. Since the value proposition of both LTC and BTC is based on deflation (as argued by even you: "People see value in a decentralized currency/store-of-value. There's also a finite amount of them.") this is contradictory.
And since the biggest problem behind the usability of bitcoin is the volatility and extreme price, the analogy is weak on both sides: silver has always been more volatile than gold, and LTC is now experiencing massive volatility/price increase.
mudcore wrote:The price volatility is frankly these coins biggest feature right now. Its what is driving interest. This will become a problem if it continues forever but this idea that Bitcoin or Litecoin need to be immediately put to use for day to day transactions is weak.
Glorious wrote:This is not a good thing.
just brew it! wrote:So IOW it's just a vehicle for gambling/speculation, and we'll figure out if it is actually practical as a way of moving money around later.
DPete27 wrote:Mods may want to just move the last few comments to a separate thread where haters can argue why nobody should invest in crypto.
mudcore wrote:I thought you were talking about how the transaction times were the biggest issue, hence "everyone is talking about using LTC to move funds out/around the exchanges,".
mudcore wrote:Because of the times it takes to get in/out of BTC there is definitely a use case for LTC as the medium to transfer the value, which is where a (good faith) interpretation of the analogy comes into
mudcore wrote:(your statement above just made me roll my eyes, I'm pretty sure you get the idea even if you don't like the analogy because you take it so literally).
mudcore wrote:The price volatility is frankly these coins biggest feature right now. Its what is driving interest. This will become a problem if it continues forever but this idea that Bitcoin or Litecoin need to be immediately put to use for day to day transactions is weak.