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  1. We have wrought ourselves into a new era under a new host. If you experience tech issues, let me know.

Mining for Noobsstealing electricity 101

Discussion in 'Cryptoshekels' started by CrunkLord420, Nov 1, 2017.

  1. I'm not aware of anything, but I've never used that specific card. The power supply used is often more important than the motherboard of chassis, so consider that.
     
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  2. So I'm a little curious about Gridcoin because I think a cryptocurrency based around BOINC is interesting and valuable. I know most mining gives rewards based on proof of work, but how does proof of stake and proof of research work differ and does it have big differences in required hardware? I just like the idea of getting some digital monopoly money for folding at home.
     
    • Informative Informative x 1
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  3. PoS is stuff like Dash masternodes, but Dash also has X11 mining. The folding stuff is just PoW plus some folding data, it doesn't really make sense from a blockchain security perspective but people like the idea of useful hashrate.
     
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    neger psykolog

    neger psykolog dm if u want forgeries done in Macromedia Flash
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  4. Very good article. Of course, I've been saying this too, but I didn't have the technical knowledge or inside information to basically prove it.

    I'd bet the vast majority of anyone who actually did manage to eke out a profit with GPU mining in the last couple years did it during the huge run-up in price and that it would be virtually impossible to turn a profit doing this now.
     
    AnOminous

    AnOminous freddie freeloader
    True & Honest Fan Retired Staff

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    • Sieger Sieger x 2
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  5. The GPU mining side of things is still relatively small. There are large numbers of people who have bought ASICs and other miners and this article reveals to what extent the game is rigged.

    I'm kind of divided on it, on one hand making the system "fair" is a nice thing but on the other hand if you try to restrict innovation then its as good as saying "why don't we just keep using dial up internet"

    I don't have "free" electricity but its included in my rental money and if I use a lot more than what I normally do it doesn't matter. Even with 2 1080 TIs its simply not worth mining even when I'm not using my PC because the current profitability is like $1 a day.
     
    neger psykolog

    neger psykolog dm if u want forgeries done in Macromedia Flash
    Staff Member Moderator True & Honest Fan

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  6. Why is a dollar a day not worth mining?
     
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  7. It used to be much bigger. It's going to continue shrinking as it is completely unsustainable. There were enough idiots buying GPUs to mine various cryptocurrencies that it drove the price of the ones gamers use through the roof, and gaming-oriented GPUs are far from niche. The gamers who threw shit fits about this will be pleased if most of those people turn out losing money.
     
    AnOminous

    AnOminous freddie freeloader
    True & Honest Fan Retired Staff

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