Cryptocurrency Mining and GPUs

LunarMist

I can't believe I'm a
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#81
Correction from negative influence.

Many people said the same thing as you jtr when the price was at $1000. You could diversify and get some ETH as well.
I thought some devaluation was caused by the Chinese banning the fake currency.
 

sechs

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#82
I thought some devaluation was caused by the Chinese banning the fake currency.
Like seashells, it's a real currency. But China is cracking down on buying because it's a way to move renminbi to foreign currency, and they don't want the rich stashing their cash in dollars or euros.

As far as I can tell, they aren't stopping mining in China (that brings in foreign currency), and they aren't stopping cryptocurrency trading (between coins), either.

There's a lot of FUD, so people are selling their cryptocurrency to fiat, and, so, they're taking a dump. There's already been a minor recovery in Bitcoin as buyers come in to scoop up at the low prices.
 

sechs

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#83
This is what we're up against.

According to the posting on Reddit, the owner of this rig left it on after evacuating for hurricane Irma. As the house flooded, the PSU shorted out and started a fire.

pginou5d4amz.jpg
 

sechs

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#85
I'm surprised to see how low a market cap most coins have compared to Bitcoin and Ethereum.

Zcash had a major pop recently due to being added to a large exchange. Yet, its value is still a fraction of those coins.

In bad news, Zcash is best mined on nVidia cards. Unless the 1070Ti comes in very large volumes, this is going to keep their prices high.
 

sechs

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#88
Irrelevant of whether it makes sense, the pop in cryptocurrency prices is again getting a lot of people to look into mining.

Prices were just starting to settle down, and there were some reasonable deals in the last month....
 
Joined
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#90
I was doing full-on ASIC mining, about 8kw worth ;)

Sold the hardware when it was still worth something. At the time new generations of hardware were coming fast.
 

Clocker

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#91
I'm doing some casual mining with a 4x1070 setup (using the same frame I was using back in the days we were doing it, Doug) but I decided to play the Bitcoin video game by just buying a bunch on Gemini 2 months ago. It seems like a much better setup than Coinbase - (very few complaints) and identity verification went smoothly (unlike Coinbase). I use a Ledger S to keep it offline.

For anyone interested, MultipoolMiner works great with MiningPoolHub to autoswitch coins and automatically cash in for BTC.
 
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