Mining Benchmark - Hardware - Gpu / Asics Profitability ...

ColossusXT Q2 2020 AMA Ends!

Thank you for being a part of the ColossusXT Q2 2020 AMA! Below we will summarize the questions and answers. The team responded to 46 questions! If your question was not included, it may have been answered in a previous question or AMA. The ColossusXT team will do a Reddit AMA at the end of every quarter.
The winner of the AMA contest is: ookhimself
Congratulations. I will send you a DM on Reddit.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Why does your blockchain exist and what makes it unique?
A: ColossusXT exists to provide an energy-efficient method of supercomputing. ColossusXT is unique in many ways. Some coins have 1 layer of privacy. ColossusXT and the Colossus Grid will utilize 2 layers of privacy through Obfuscation Zerocoin Protocol, and I2P and these will protect users of the Colossus Grid as they utilize the grid resources. There are also Masternodes and Proof of Stake which both can contribute to reducing 51% attacks, along with instant transactions and zero-fee transactions. This protection is paramount as ColossusXT evolves into the Colossus Grid. Grid Computing will have a pivotal role throughout the world, and what this means is that users will begin to experience the Internet as a seamless computational universe. Software applications, databases, sensors, video, and audio streams-all will be reborn as services that live in cyberspace, assembling, and reassembling themselves on the fly to meet the tasks at hand. Once plugged into the grid, a desktop machine will draw computational horsepower from all the other computers on the grid.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: What is the Colossus Grid?
A: ColossusXT is an anonymous blockchain through obfuscation, along with utilization of I2P (Armis). These features will protect end-user privacy as ColossusXT evolves into the Colossus Grid. The Colossus Grid will connect devices in a peer-to-peer network enabling users and applications to rent the cycles and storage of other users’ machines. This marketplace of computing power and storage will exclusively run on COLX currency. These resources will be used to complete tasks requiring any amount of computation time and capacity, or allow end-users to store data anonymously across the COLX decentralized network. Today, such resources are supplied by entities such as centralized cloud providers which are constrained by closed networks, proprietary payment systems, and hard-coded provisioning operations. Any user ranging from a single PC owner to a large data center can share resources through Colossus Grid and get paid in COLX for their contributions. Renters of computing power or storage space, on the other hand, may do so at low prices compared to the usual market prices because they are only using resources that already exist.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Is there any estimated date for the grid? What will set you apart from the opposition?
A: We are hoping to have something released for the community in Q4 this year. The difference between other competitors is that ColossusXT is putting consumer privacy first and we’re actively in the process of working with federal and state agencies in the United States.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: How do you plan to get people to implement the technology? At your current rate of development, when do you foresee a minimum viable product being available?
A: We have been strategically networking with businesses, and we are currently undergoing the verification process in the United States to make bids on federal and state projects. We are working on an MVP and our goal is to have at least a portion of the Colossus Grid ready by Q4 2020.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: When we can expect any use-case for COLX? A company or service that uses COLX for its activities/tasks.
A: We’re aiming for Q4 of this year to have an MVP, throughout 2021 we will be strategically making bids on federal and state contracts in the United States with a goal to expand operations exponentially.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Are there any plans to be listed on the more prominent exchanges e.g binance, kraken?
A: Yes, we have applied to some of these exchanges that are considered Tier 1 or Tier 2 exchanges. Many of them upfront will tell you there are no fees associated with the listing, that is not entirely true most of the time. Regardless, have applied and are awaiting more responses as we move forward. Listing on these exchanges often requires that we cannot announce this information until ColossusXT is live on its platform.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Partnerships are the norm these days in crypto world. Which partnership would you consider feasible, if any, in order to grow the Colossus Grid project?
A: The Colossus Grid is a huge undertaking both in development and business partnerships. We are moving in both these directions strategically. One of the most important partnerships is not really a partnership but approval to bid on state and federal contracts. Working with the governments around the world will be a big part of the Colossus Grid use-case.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: If the ability to annonymise coins is turned off, can CLX still be marketed as a privacy coin? Do we have a date we can start using this feature again?
A: Yes and No. It’s frustrating right now having a lack of privacy for consumers as we don’t see privacy as a feature but a right. EVERY platform online should have some levels of privacy for their consumers, especially as technology continues to evolve and bad actors continue to use your personal information for their own nefarious purposes. Obfuscation will be implemented in the coming weeks, and Armis will follow suit shortly thereafter.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: When can we expect the grid to come out?
A: We are looking at releasing an MVP towards the end of the year. Stay tuned during Q3 and Q4 as we ramp on technical and business developments.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Can you tell the current budget for development work?
A: Much of the development work budget comes from Core team member's disposable income, we also use the self-funding treasury that Masternode owners vote on each month.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Will cold staking be implemented somedays? I like the model of Cardano. Hope you will implement kind of Cardano staking in our wallet. I would love the easiness.
A: ColossusXT staking has been enabled since 2017. We have calculators on the website that will estimate your average staking returns and you can join numerous pools to increase your staking power within the pools. Cold staking is on our radar and will make it into the roadmap when our budget allows us.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Which part of grid technology are you planning first to go live? Storage/RAM/CPU/GPU/all at once? Separately?
A: We will be rolling the Colossus Grid out in two phases. The first phase will be storage, and then we will roll out computing power (RAM/CPU/GPU).
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Is Armis I2P technology in development testphase I mean, I have read something like that… If Armis goes live, will there be some kind of option in deskopt wallet to transfer anonymous or will every transaction be fully anonymous like e.g. monero?
A: We recently had a testing phase with the community earlier this year, there will be another test phase with community participants who sign up. If you’re interested in this stay tuned on our socials and apply when the next testing phase happens All transactions will be fully anonymous behind Armis.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: What programming languate is being used for developing COLX? How well this programming language do you think is more suitable for developing crypto, in comparison with other programing languages?
A: C++ is what we’re using at ColossusXT. Each crypto project is different but with what we're developing at ColossusXT. We are best suited to utilize C++.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: What is the second biggest milestone other than launching the grid network for the team. What do you think of your competition like Golem network?
A: Armis will be a big milestone, and I don’t think we go back to our Polis partnership which allows users in Europe and Mexico (they do plan to expand to the US and other countries) the ability to spend their ColossusXT (COLX) wherever Mastercard is accepted. I don’t think the Golem network is taking consumer privacy far enough, in the blockchain industry I also see a lack of drive to push adoption within the United States. This is likely due to unclear regulations right now. ColossusXT is at the forefront of these issues and we intend to lead blockchain through these somewhat murky waters.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: I don’t have a lot of knowledge about crypto-technology… but are there any risks of sensitive data-hijacks through Colx infrastructure? Will the Colx-grid be available for individuals or only larger corporations, and how would one get access to the computing power?
A: There are always risks with technology. We are doing extensive testing and more testing prior to releasing anything. Consumer privacy is apart of the foundation of what we’re building at ColossusXT and we want to ensure any and all of your personal information is secure and private. As technology evolves, we will be right here evolving with it to ensure that consumer privacy protections are always in place.
The Colossus Grid will be available to anyone with a computer. You will access it through the desktop wallet.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Do you have any new exchange listings planned in the near future?
A: Yes, but unfortunately with these things, every day it’s not something we can often say before the exchange makes their own announcements. If you have certain exchanges that you prefer, do not be shy and tag us on Twitter letting us and the exchange know. You can also reach us everyday at all hours of the day and night on Discord and Telegram.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Given that Colx had no ICO, are we able to ramp development efforts in case we have potential partnership deal on the table?
A: It really depends. We strategically spend every dime we spend on development. We do not like even a single penny to be waisted, so we don’t move as fast as the projects that raised millions of dollars, but we continue moving none the less. Ramping up our development is something we are working on by securing additional funding and we’re currently working on securing funding. 😊
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: How is the project development advancing? What are your plans for the next 5 years and what more can we expect from ColossusXT?
A: Our development is continuing on at a steady pace, we’re looking to ramp this up over the next year as the Colossus Grid will take much of our time but we’re excited. Over the next 5 years, you can expect the Colossus Grid to be live in all forms (storage and computing power), Armis will be released and we will share many technical details on how this consumer privacy protection rivals some of the other privacy protections in the blockchain industry. We expect to be verified and approved to work with the agencies in the United States long before then as well and will be aggressively pursuing federal contracts to utilize the computing power of the Colossus Grid. In 5 years, we plan to be a key player not just in the blockchain industry, but throughout the world. If you do not know ColossusXT now, expect to in 5 years or less.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Users often care less about technology, but rather the value of the token. How do you manage to strike a balance between developing the technology and also improving the value of COLX? There are so many privacy coins now, all of them claiming to have better features that ColossusXT. Moving forward, what do the next 10 years look like for ColossusXT in navigating the wave of privacy projects coming. How can ColossusXT continue to shine in the midst of seemingly legit projects that have come to challenge ColossusXT like mimblewimble projects and Monero, Zcoin, ect.?

A: The Colossus Grid and Masternodes will have a strong relationship with each other. When the Colossus Grid goes live we expect the masternode demand to continue to rise. Masternodes are a great incentive mechanism to increase network strength and will play an important role within the Colossus Grid. The more masternodes online, the less available coins in the circulating supply; which we expect will eventually reflect ColossusXT (COLX) coin value.
Over the next 10 years, ColossusXT (COLX) will solidify itself as a key player in the blockchain industry, and outside the blockchain industry. Following our strategic business plans, we intend to be one of the first, if not the first to truly bring government and other businesses into the blockchain industry through the Colossus Grid. Armis will be our defining privacy feature, which we expect in time will begin to be adopted by other projects. --------------------------------------------------------------------------------------------------------------------------------------------------
Q: How have the number of Masternodes (MNs) increased/decreased over time/in the past few years? What proportion (%) of MNs actively take part in Governance? How do you see the number of MNs increasing/decreasing in the next couple of years? Is there a trend upwards or downwards?
Is there a specific number (or range) of MNs the team would like to attain ideally? Is it better to have as many MNs as possible or is there a point at which too many MNs start to have an adverse effect on the performance of the blockchain?
Hope this wasn’t too many questions in one :), Ahmed

A: The number of masternodes in the active network is more or less the same, fluctuating around 200-220. About 40% - 50% of masternodes participate actively in governance (see https://governance.colossusxt.io). We expect a number of masternodes to grow as they will have additional benefits with Colossus Grid (see business plan: http://bit.ly/COLXBPLive).
As the team had no premines, only the dev fund can be used for masternodes which is hard to maintain due to actual budget flow. It’s better to have as many masternodes as possible for the network, there is no adverse effect.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Of all the milestones that $COLX has achieved since your humble beginnings, which do you consider to be the best of it all? What achievements do you feel proud most?
A: It’s often not mentioned but I’m very proud of our partnership with PolisPay, which allows ColossusXT community members to purchase Amazon, Spotify, and other gift cards with ColossusXT (COLX) through the Polis platform. You are also able to spend your COLX anywhere Mastercard is accepted, the card is available only for EU citizens right now and the Polis team hopes to bring in other countries in the future.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: There are problems that can slow down the course of a project such as the emergence of globalization, given the tighter budget, shorter implementation time requirements. My question is, How does $COLX resolve the issue?

A: Given the current situations around the world the Colossus Grid has more value than it ever has, and that value will continue to grow once we have released the Colossus Grid for consumers to share and utilize resources. You can already see from the [email protected] initiative that people are eager to share their computing resources to help researchers simulate different COVID19 simulations. We’ve always worked on a very small budget at ColossusXT starting with 0$ in funding and no pre-mine or ICO/IEO. This project was built for the community by the community, and as of lately we’ve actually been ramping up our business strategies and developments. Since we have all already worked remotely before the COVID19 pandemic, it interestingly allowed us more time to focus and achieve these goals as our day jobs allowed us to spend more time on ColossusXT.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: How will you fight with regulators who are trying to stop privacy coins?

A: We have an amazing legal team at ColossusXT, and they are on top of any new law or regulation that comes out. We’re not afraid of regulators and our legal team makes sure that everything we do for ColossusXT is law-abiding. It's time the world stops looking at privacy as a feature and as a right, especially when you read about different applications and platforms using your personal DATA for their benefit. ColossusXT will continue to push this, and we're prepared to lobby this to lawmakers. --------------------------------------------------------------------------------------------------------------------------------------------------
Q: What type of utilities can $COLX give to users over its competitors like GOLM (computation) or STORJ (Data)?

A: The Colossus Grid has some major differences between Golem and Storj. One we’re a privacy-focused project. If you take a look at many of these applications and platforms today, in some way or another you’re giving up personal information, and/or geographic information. ColossusXT is focused on protecting consumer information, we do not look at privacy as a feature, we see privacy as a right, especially in the tech world today.
The second part of this question is that we’re currently in the verification process of registering with the United States federal and state governments so that we can legally bid on federal and state projects and work with different agencies. This will ensure that as the community members are sharing their idle resources, large corporations and businesses are using it. I’m not aware of the mentioned projects being registered in the United States or taking steps to work with the United States government.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: How will computing power and storage sharing look like, for an average user (marketplace, program download)? What are you currently working on, when can we expect MVP? TY
A: The marketplace and Colossus Grid will be inside the ColossusXT desktop wallet that you currently have now. The UI/UX will change some to allow the additional settings and tabs that will become available and we’re preparing an MVP right now and we hope to share those details with you over the next few months, ask us again in the Q3 AMA if you haven’t seen anything yet :)
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: What would you say is the $COLX killer feature that sets it apart from the rest of the competition.
A: We believe that Armis is our killer feature. We recently had a beta this year with the community and will be moving forward later this year with Armis. ColossusXT consumers will have their geographic location and IP fully hidden behind the Armis layer for further security and anonymity for the transactions which will also take place in the Colossus Grid resource marketplace in the future.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: I have been a silent follower of $COLX and I must say that I'm truly impressed with how the team has been diligently working on the project. It'd be nice to have the community be part of something like a bounty or a social awareness contest. As this will not only attract more users to the platform but would also strengthen the bond within the community. When can we possibly expect a community project of this level? #spreadthegrid
A: We currently have a Gleam competition ongoing for social awareness, and we just hired a community manager to spread more community awareness and will be rolling on competitions more regularly. Every quarter we have an AMA on Reddit for the community to ask questions, or just gripe at us, and one person each quarter is awarded 100,000 COLX for participating in the AMA. As we deliver our targets and grow, we will shift more funds from development funds to marketing funds to raise further awareness.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: "Our main competitor is crypto adoption. We are all here to make it happen together.", this is quoted from a founder of a known crypto wallet. Do you see competition as something that strengthens the project as a whole or as a possible distraction due to pressure to be at the top of the crypto ecosystem?

A: This is a two scenario situation. Competition is good for ColossusXT, and we look at our main competitor in blockchain as Golem (GNT), having said that though too much competition or sometimes maximalist behavior isn’t good for crypto, many of these projects should be coming together to lobby lawmakers for laws and regulations that are good for the blockchain industry, as this is still an emerging market and the laws and regulations aren’t exactly in place at this time.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: "For people to believe in crypto, they need to understand the tangible benefits it offers to our society.", a remark made by a crypto project in the past. What exactly would be $COLX real life global benefits? And how do you plan on achieving this?
A: ColossusXT vision will be achievable when the Colossus Grid is released. We are currently in the process of registering with state and federal agencies in the United States, once we are registered to work with these agencies we will pursue contracts with the government, cybersecurity firms and colleges all around the United States, and the world to utilize the resources on the Colossus Grid. We’ve already started building business relationships for this very purpose.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: According to you how much time will it take for $COLX to get into mainstream adoption and execute all the plans set for this project?
A: It’s almost impossible to set a timeline on when the world/people will begin to adopt ColossusXT (COLX) and the Colossus Grid. We don’t believe that adoption for ColossusXT will happen before the Colossus Grid is live, and if I gave you an exact timeline for when or how long it will take you for the Colossus Grid to be adopted I would be lying to you, but we are already forming business relationships and making strategic moves to be able to bid, and work with state and federal agencies in the United States.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Does Tokens.net plan any kind of staking ($COLX or other coins)?
A: We will reach out to the tokens.net team and see if they have any plans to allow staking.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: How will you try to boost adoption of #COLX, how do you think you will motivate programmers to join opensource project?
A: The Colossus Grid will be available for anyone to use, or share their idle resources for other consumers to use. We will be focusing on providing these resources to state and federal governments, cybersecurity firms, and researchers all across the world. Certainly, we expect some community members to use these resources to mine different PoW cryptocurrencies, but the team at ColossusXT will be focused on bringing in large colleges and universities as well as big cybersecurity businesses that may need supercomputing power at 1/10th of the current prices. Our programmers are our only paid team members, and we pay them at a competitive rate. We’re looking to bring in some more programmers later this year.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Do you have any special development funds for programmers?
A: Sometimes we pay our programmers out of our own pocket, sometimes we pay them in ColossusXT. It really depends on what kind of agreements have been made. We have been aggressively pursuing different funding opportunities throughout 2020 so that we can expand our development team and in the future, we may have incentives to drive programmers into joining our team. Right now we just stick to a competitive pay scale within the industry.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Why Android Wallet Revision hasn't been done? Any problems?
A: The Android wallet revision took some time to be approved in the Google Playstore, but it has been released and live since June 15, 2020.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Whats the second biggest milestone other than the grid network for COLX team?
A: Armis is likely to be considered our second biggest milestone this year, although as I mentioned above this can easily be overshadowed by our Polis partnership which allows you to spend ColossusXT (COLX) anywhere Mastercard is accepted. Although the epay debit card ownership is currently restricted to certain countries (EU zone only), these restrictions will lift in time.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: How is COLX team going to contribute to crypto adoption, other than building a robust network?
A: We’re already in the process of verification to work with state and federal agencies. Adoption for blockchain projects isn’t going to move fast. I read a report just a few days ago about how scammers in the crypto industry stole over 2 million dollars worth of crypto just from the “Elon Musk” impersonations on Twitter.
We will continue to build our network, and seek out state and federal agencies as well as private cybersecurity firms that can utilize the Colossus Grid, we’re not just focused on making noise on social media, we intend to make noise throughout the entire world.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Are their industry partners to COLX that are awaiting your network to go live?
A: Yes, although I hesitate to go into too much detail here. We are talking with business leaders.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: The ongoing crisis affected the market badly, making many projects far from their targets. What is $COLX strategy in order to survive and pass through this crisis?
A: I agree it affected the market badly, especially the projects that raised hundreds of millions of dollars in crypto and held it through the entire market correction. ColossusXT strategy is different from those affected, we’ve always had a smaller budget than these large projects. We spend the money we have available very wisely, and we’re not in a hurry to grab something that sounds good without doing our due diligence. We make our moves very strategically.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: I gotta ask, what made $COLX decide to get listed on Tokens.net? What beneficial advantage does $COLX get in doing so? How about Tokens.net?
A: Tokens.Net is one of the best exchanges ColossusXT is listed at the moment in comparison to others in terms of volume.
  1. Tokens.net is one of the most secure and transparent exchanges out there, registered in the UK.
  2. The team behind the exchange has deep roots in the crypto/blockchain space, it was co-founded by Damian Merlak, a crypto-pioneer and co-founder of Bitstamp.
  3. Tokens.net provides free auto-trading tool / Market Making Bot. Their Dynamic Trading Rights concept adds transparency to trading volumes.
  4. They allow the community voting option of only truly decentralized projects after a thorough screening.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Hey everyone! What is the main purpose of the coin $COLX, does it have its own chain or is it some sort of an ERC-20 token? Thank you for the answers.
A: ColossusXT has never been an ERC-20 coin. We have been operating on our own mainnet since 2017. The purpose of ColossusXT (COLX) is to be the native currency of the Colossus Grid. This will allow users to share their idle resources on their computers, and consumers will rent/buy those resources to complete whatever they intend to use them for, from processing large DATA to running scientific simulations, to even mining PoW cryptocurrencies.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: When we can expect any usecase for COLX? A company or service that uses colx for its activities / tasks.
A: There are currently use cases now if your location allows you to utilize the Polis Pay app, or if you have a Polis Pay card you can buy things with ColossusXT (COLX). I myself have tested the card buying gas at a gas station. These are not ColossusXT’s primary focus though and much of our use case will not start until the Colossus Grid is live.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: What pairs will colx have to trade with on tokens.net // Will you connect #COLX with USDT EURS or BTC?
A: ColossusXT will be initially paired with Bitcoin (BTC). If the community would like different pairs, they can certainly request them and we will reach out to tokens.net and work to facilitate requests.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Will you try to convince users to trade on tokens.net if so how will you do it?
A: There is currently a gleam competition for users to sign up and trade on tokens.net. We “shill” tokens.net accordingly through social media to the ColossusXT community, but can’t really convince anyone to use a certain exchange, although we will try to push as many members to tokens.net as we can. We have many masternode holders who reside in the United States and they are not yet allowed to trade on tokens.net.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: How will you try to create liquidity for your pairs?
A: We would like to increase the adoption rate with real-world partnerships such as our partnership with PolisPay for the use of gift/debit cards. As the liquidity is linked with the use cases, supply/demand mechanics, we are also preparing to provide additional use cases of COLX for the crypto world in an innovative & pioneering way; for the time being, we can hint this as a side business till we deliver fully operational Colossus Grid.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: How big is a development team of #COLX?
A: The ColossusXT team is probably bigger than some people realize, partly because many of the team members are very private. We have 9 core members, 2 in-house developers, 3 Colossus Grid architects, and 2 Colossus Grid developers.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Do you have some security guys in the team?
A: Yes, although I’m hesitant to share too many personal details about team members. We have core team members who have been working in different fields of IT security for several years.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Since #COLX is planning on having some sort of a marketplace where you can take advantage of computing resources and the blockchain as well, are there any plans on introducing smart contracts? Will it help the grid? Is there a place for it?
A: This has been mentioned a few times in the past so it’s something on our radar, it’s currently not in the development timeline as the Colossus Grid is a massive amount of work. There may be a place for it as the blockchain industry evolves, and I can certainly see some cases where a smart contract can add some value to the Colossus Grid.
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Important Information:
Website
Whitepaper
Roadmap
Business Plan
Wiki
Governance
Partners
GitHub
What is ColossusXT? (YouTube)
---------------------------------------------------------------------------------
Follow ColossusXT on:
Twitter
Facebook
Telegram
Discord
Forums
---------------------------------------------------------------------------------
AMA History:
2018 Q1 2018 Q2 2018 Q3 2018 Q4
2019 Q1 2019 Q2 2019 Q3 2019 Q4
2020 Q1
submitted by PioyPioyPioy to ColossuscoinX [link] [comments]

GPU or Asic mining

Ok, A little backround. I know hardware and networking. I can build just about any config of a computer. I understand overclocking and undervolting. I can invest around 2,700 for initial investment.
So do I buy hardware to build a GPU miner with at least 6 cards or more? Probably RX580 as they are cheap and I have one in my rig. More on that later.
Or do I a Asic miner like this I understand a GPU miner is multiple coins and not Bitcoin, and Asic is nothing but Bitcoin.
I've done the math on the Asic miner and the ROI in about 3 months with a net gain of about ~10,000 USD a year @ .13 cents per Watt.
I've had a hard time finding a solid or semi way of calculating the earnings for a GPU miner. Not only because it is many coins or dedicated to one coin, but there our other variables involved. However I have more control of the hardware if it fails.
I dipped my toe into mining with my own rig that has a RX580 fatboy and a AMD Phenom ii x4 955 black edition. I overclocked the GPU and undervolted the CPU to reduce heat since it was hitting 62 cel.
The GPU gets 12.5 sol/s and the CPU was getting ~322 h/s. All this added up to ~170 watts and a net of .00218322 BTC/Month. This was all done using Cudo as it was easy to find and setup just to test. This was just a test to see how it would work. I wouldn't use Cudo to full scale as it is a pool and the transfer to a Wallet is pretty steep in relationship to earns. I understand that in a pool you get your share based upon how much of the "work" you did to get find block.
So do I build or buy? With that much computation power do I need to join a pool? What software is best for pool or alone? I am comfortable with CLI as long as it's well documented, but would like a remote GUI.
Also what is the best wallet with the best fees for transactions. Currently using uphold since I use Brave.
I think I covered as much as I could, if you have any questions let me know. Any advice would be great. If I should post this else where let me know please or I could just cross post it.
TIA. Be safe, stay safe!
Edit: Words and BTC earning was WAY off then I first typed this.
submitted by P_Munky to bitcoinhardware [link] [comments]

Is worth start mining with the actual situation of the cryptocurrency market?

I've been watching the market for over 3 years now. For those years I've been a student with no money to invest, and now that I'm almost out of the university and I have some money I wanna finally start on this world. For some weeks now I've been working on a planning for building a 6 GPU mining rig, all theoretical earnings calculated with NiceHash & WhatToMine. The actual theoretical profits for this one are like 250 EU month (1.40€/day per GPU) with AMD RX 5700 , having an electricity cost of o.o79EUkWH. I've compared all the actual GPUs on the market, and that's the best one I could find in terms of ROI (I start to get profits after 1 year and 1 month). I've seen some posts talking about much better profits & less ROIs but I couldn't find a better profit for a GPU rig, maybe I'm doing something wrong! To see if the theoretical numbers are right I tested them with an RTX 2060 on my own personal computer and I had a profit of 1.20 EUR /day when the theoretical profit for that GPU was about 0.80 EUR /day. So, after all those weeks comparing, thinking about a long term Investment plan and searching for LOTS of information i conclude that it's worth spending a total of 3000 EUR into mining.
Now I wanna ask you guys, with the actual situation of bitcoin (going up and up) and the difficulty raising over time...is it worth investing all that money on GPU mining right now? I'm afraid about investing the money and start to see a massive decrease in my profits, either for bitcoin going down or the difficulty going up nonstop. Also, I've not exposed all my plan, but doing it this way (mining with NiceHash and with 6 AMD RX 5700) is a nice plan or there is something with better profitability/ ROI? Maybe mining myself small cryptos and then exchange them to bitcoin, etc... All knowledge is welcomed.
Btw, I'm a computer science engineer, that's why I wanna start on mining instead of trading stocks, because I know how computers work and I think that my knowledge on Pc & GPUs could help me on doing this efficiently. And sorry for my "not so good English", it's my 3rd language! Thanks all.
EDIT: I could also buy the GPUs & equipment for the rig on a 2nd hand market, which would totally lower the total price of the rig, reaching ROI faster and if something goes not as expected, have less losses. Ofc buying at a 2nd hand is somehow risky but maybe worthy!
submitted by SergioArcos to BitcoinMining [link] [comments]

Filecoin | Development Status and Mining Progress

Author: Gamals Ahmed, CoinEx Business Ambassador
https://preview.redd.it/5bqakdqgl3g51.jpg?width=865&format=pjpg&auto=webp&s=b709794863977eb6554e3919b9e00ca750e3e704
A decentralized storage network that transforms cloud storage into an account market. Miners obtain the integrity of the original protocol by providing data storage and / or retrieval. On the contrary, customers pay miners to store or distribute data and retrieve it.
Filecoin announced, that there will be more delays before its main network is officially launched.
Filecoin developers postponed the release date of their main network to late July to late August 2020.
As mentioned in a recent announcement, the Filecoin team said that the initiative completed the first round of the internal protocol security audit. Platform developers claim that the results of the review showed that they need to make several changes to the protocol’s code base before performing the second stage of the software testing process.
Created by Protocol Labs, Filecoin was developed using File System (IPFS), which is a peer-to-peer data storage network. Filecoin will allow users to trade storage space in an open and decentralized market.
Filecoin developers implemented one of the largest cryptocurrency sales in 2017. They have privately obtained over $ 200 million from professional or accredited investors, including many institutional investors.
The main network was slated to launch last month, but in February 2020, the Philly Queen development team delayed the release of the main network between July 15 and July 17, 2020.
They claimed that the outbreak of the Coronavirus (COVID-19) in China was the main cause of the delay. The developers now say that they need more time to solve the problems found during a recent codecase audit.
The Filecoin team noted the following:
“We have drafted a number of protocol changes to ensure that building our major network launch is safe and economically sound.” The project developers will add them to two different implementations of Filecoin (Lotus and go-filecoin) in the coming weeks.
Filecoin developers conducted a survey to allow platform community members to cast their votes on three different launch dates for Testnet Phase 2 and mainnet.
The team reported that the community gave their votes. Based on the vote results, the Filecoin team announced a “conservative” estimate that the second phase of the network test should begin by May 11, 2020. The main Filecoin network may be launched sometime between July 20 and August 21, 2020.
The updates to the project can be found on the Filecoin Road Map.
Filecoin developers stated:
“This option will make us get the most important protocol changes first, and then implement the rest as protocol updates during testnet.” Filecoin is back down from the final test stage.
Another filecoin decentralized storage network provider launched its catalytic test network, the final stage of the storage network test that supports the blockchain.
In a blog post on her website, Filecoin said she will postpone the last test round until August. The company also announced a calibration period from July 20 to August 3 to allow miners to test their mining settings and get an idea of how competition conditions affected their rewards.
Filecoin had announced earlier last month that the catalytic testnet test would precede its flagship launch. The delay in the final test also means that the company has returned the main launch window between August 31 and September 21.
Despite the lack of clear incentives for miners and multiple delays, Filecoin has succeeded in attracting huge interest, especially in China. Investors remained highly speculating on the network’s mining hardware and its premium price.
Mining in Filecoin
In most blockchain protocols, “miners” are network participants who do the work necessary to promote and maintain the blockchain. To provide these services, miners are compensated in the original cryptocurrency.
Mining in Filecoin works completely differently — instead of contributing to computational power, miners contribute storage capacity to use for dealing with customers looking to store data.
Filecoin will contain several types of miners:
Storage miners responsible for storing files and data on the network. Miners retrieval, responsible for providing quick tubes for file recovery. Miners repair to be carried out.
Storage miners are the heart of the network. They earn Filecoin by storing data for clients, and computerizing cipher directories to check storage over time. The probability of earning the reward reward and transaction fees is proportional to the amount of storage that the Miner contributes to the Filecoin network, not the hash power.
Retriever miners are the veins of the network. They earn Filecoin by winning bids and mining fees for a specific file, which is determined by the market value of the said file size. Miners bandwidth and recovery / initial transaction response time will determine its ability to close recovery deals on the network.
The maximum bandwidth of the recovery miners will determine the total amount of deals that it can enter into.
In the current implementation, the focus is mostly on storage miners, who sell storage capacity for FIL.

Hardware recommendations

The current system specifications recommended for running the miner are:
Compared to the hardware requirements for running a validity checker, these standards are much higher — although they definitely deserve it. Since these will not increase in the presumed future, the money spent on Filecoin mining hardware will provide users with many years of reliable service, and they pay themselves many times. Think of investing as a small business for cloud storage. To launch a model on the current data hosting model, it will cost millions of dollars in infrastructure and logistics to get started. With Filecoin, you can do the same for a few thousand dollars.
Proceed to mining
Deals are the primary function of the Filecoin network, and it represents an agreement between a client and miners for a “storage” contract.
Once the customer decides to have a miner to store based on the available capacity, duration and price required, he secures sufficient funds in a linked portfolio to cover the total cost of the deal. The deal is then published once the mine accepts the storage agreement. By default, all Filecoin miners are set to automatically accept any deal that meets their criteria, although this can be disabled for miners who prefer to organize their deals manually.
After the deal is published, the customer prepares the data for storage and then transfers it to the miner. Upon receiving all the data, the miner fills in the data in a sector, closes it, and begins to provide proofs to the chain. Once the first confirmation is obtained, the customer can make sure the data is stored correctly, and the deal has officially started.
Throughout the deal, the miner provides continuous proofs to the chain. Clients gradually pay with money they previously closed. If there is missing or late evidence, the miner is punished. More information about this can be found in the Runtime, Cut and Penalties section of this page.
At Filecoin, miners earn two different types of rewards for their efforts: storage fees and reward prevention.
Storage fees are the fees that customers pay regularly after reaching a deal, in exchange for storing data. This fee is automatically deposited into the withdrawal portfolio associated with miners while they continue to perform their duties over time, and is locked for a short period upon receipt.
Block rewards are large sums given to miners calculated on a new block. Unlike storage fees, these rewards do not come from a linked customer; Instead, the new FIL “prints” the network as an inflationary and incentive measure for miners to develop the chain. All active miners on the network have a chance to get a block bonus, their chance to be directly proportional to the amount of storage space that is currently being contributed to the network.
Duration of operation, cutting and penalties
“Slashing” is a feature found in most blockchain protocols, and is used to punish miners who fail to provide reliable uptime or act maliciously against the network.
In Filecoin, miners are susceptible to two different types of cut: storage error cut, unanimously reduce error.
Storage Error Reduction is a term used to include a wider range of penalties, including error fees, sector penalties, and termination fees. Miners must pay these penalties if they fail to provide reliability of the sector or decide to leave the network voluntarily.
An error fee is a penalty that a miner incurs for each non-working day. Sector punishment: A penalty incurred by a miner of a disrupted sector for which no error was reported before the WindowPoSt inspection.
The sector will pay an error fee after the penalty of the sector once the error is discovered.
Termination Fee: A penalty that a miner incurs when a sector is voluntary or involuntarily terminated and removed from the network.
Cutting consensus error is the penalty that a miner incurs for committing consensus errors. This punishment applies to miners who have acted maliciously against the network consensus function.
Filecoin miners
Eight of the top 10 Felticoin miners are Chinese investors or companies, according to the blockchain explorer, while more companies are selling cloud mining contracts and distributed file sharing system hardware. CoinDesk’s Wolfe Chao wrote: “China’s craze for Filecoin may have been largely related to the long-standing popularity of crypto mining in the country overall, which is home to about 65% of the computing power on Bitcoin at discretion.”
With Filecoin approaching the launch of the mainnet blocknet — after several delays since the $ 200 million increase in 2017 — Chinese investors are once again speculating strongly about network mining devices and their premium prices.
Since Protocol Labs, the company behind Filecoin, released its “Test Incentives” program on June 9 that was scheduled to start in a week’s time, more than a dozen Chinese companies have started selling cloud mining contracts and hardware — despite important details such as economics Mining incentives on the main network are still endless.
Sales volumes to date for each of these companies can range from half a million to tens of millions of dollars, according to self-reported data on these platforms that CoinDesk has watched and interviews with several mining hardware manufacturers.
Filecoin’s goal is to build a distributed storage network with token rewards to spur storage hosting as a way to drive wider adoption. Protocol Labs launched a test network in December 2019. But the tokens mined in the testing environment so far are not representative of the true silicon coin that can be traded when the main network is turned on. Moreover, the mining incentive economics on testnet do not represent how final block rewards will be available on the main network.
However, data from Blockecoin’s blocknetin testnet explorers show that eight out of 10 miners with the most effective mining force on testnet are currently Chinese miners.
These eight miners have about 15 petabytes (PB) of effective storage mining power, accounting for more than 85% of the total test of 17.9 petable. For the context, 1 petabyte of hard disk storage = 1000 terabytes (terabytes) = 1 million gigabytes (GB).
Filecoin craze in China may be closely related to the long-standing popularity of crypt mining in the country overall, which is home to about 65% of the computing power on Bitcoin by estimation. In addition, there has been a lot of hype in China about foreign exchange mining since 2018, as companies promote all types of devices when the network is still in development.
“Encryption mining has always been popular in China,” said Andy Tien, co-founder of 1475, one of several mining hardware manufacturers in Philquin supported by prominent Chinese video indicators such as Fenbushi and Hashkey Capital.
“Even though the Velikoyen mining process is more technologically sophisticated, the idea of mining using hard drives instead of specialized machines like Bitcoin ASIC may be a lot easier for retailers to understand,” he said.
Meanwhile, according to Feixiaohao, a Chinese service comparable to CoinMarketCap, nearly 50 Chinese crypto exchanges are often somewhat unknown with some of the more well-known exchanges including Gate.io and Biki — have listed trading pairs for Filecoin currency contracts for USDT.
In bitcoin mining, at the current difficulty level, one segment per second (TH / s) fragmentation rate is expected to generate around 0.000008 BTC within 24 hours. The higher the number of TH / s, the greater the number of bitcoins it should be able to produce proportionately. But in Filecoin, the efficient mining force of miners depends on the amount of data stamped on the hard drive, not the total size of the hard drive.
To close data in the hard drive, the Filecoin miner still needs processing power, i.e. CPU or GPU as well as RAM. More powerful processors with improved software can confine data to the hard drive more quickly, so miners can combine more efficient mining energy faster on a given day.
As of this stage, there appears to be no transparent way at the network level for retail investors to see how much of the purchased hard disk drive was purchased which actually represents an effective mining force.
The U.S.-based Labs Protocol was behind Filecoin’s initial coin offer for 2017, which raised an astonishing $ 200 million.
This was in addition to a $ 50 million increase in private investment supported by notable venture capital projects including Sequoia, Anderson Horowitz and Union Square Ventures. CoinDk’s parent company, CoinDk, has also invested in Protocol Labs.
After rounds of delay, Protocol Protocols said in September 2019 that a testnet launch would be available around December 2019 and the main network would be rolled out in the first quarter of 2020.
The test started as promised, but the main network has been delayed again and is now expected to launch in August 2020. What is Filecoin mining process?
Filecoin mainly consists of three parts: the storage market (the chain), the blockecin Filecoin, and the search market (under the chain). Storage and research market in series and series respectively for security and efficiency. For users, the storage frequency is relatively low, and the security requirements are relatively high, so the storage process is placed on the chain. The retrieval frequency is much higher than the storage frequency when there is a certain amount of data. Given the performance problem in processing data on the chain, the retrieval process under the chain is performed. In order to solve the security issue of payment in the retrieval process, Filecoin adopts the micro-payment strategy. In simple terms, the process is to split the document into several copies, and every time the user gets a portion of the data, the corresponding fee is paid. Types of mines corresponding to Filecoin’s two major markets are miners and warehousers, among whom miners are primarily responsible for storing data and block packages, while miners are primarily responsible for data query. After the stable operation of the major Filecoin network in the future, the mining operator will be introduced, who is the main responsible for data maintenance.
In the initial release of Filecoin, the request matching mechanism was not implemented in the storage market and retrieval market, but the takeover mechanism was adopted. The three main parts of Filecoin correspond to three processes, namely the stored procedure, retrieval process, packaging and reward process. The following figure shows the simplified process and the income of the miners:
The Filecoin mining process is much more complicated, and the important factor in determining the previous mining profit is efficient storage. Effective storage is a key feature that distinguishes Filecoin from other decentralized storage projects. In Filecoin’s EC consensus, effective storage is similar to interest in PoS, which determines the likelihood that a miner will get the right to fill, that is, the proportion of miners effectively stored in the entire network is proportional to final mining revenue.
It is also possible to obtain higher effective storage under the same hardware conditions by improving the mining algorithm. However, the current increase in the number of benefits that can be achieved by improving the algorithm is still unknown.
It seeks to promote mining using Filecoin Discover
Filecoin announced Filecoin Discover — a step to encourage miners to join the Filecoin network. According to the company, Filecoin Discover is “an ever-growing catalog of numerous petabytes of public data covering literature, science, art, and history.” Miners interested in sharing can choose which data sets they want to store, and receive that data on a drive at a cost. In exchange for storing this verified data, miners will earn additional Filecoin above the regular block rewards for storing data. Includes the current catalog of open source data sets; ENCODE, 1000 Genomes, Project Gutenberg, Berkley Self-driving data, more projects, and datasets are added every day.
Ian Darrow, Head of Operations at Filecoin, commented on the announcement:
“Over 2.5 quintillion bytes of data are created every day. This data includes 294 billion emails, 500 million tweets and 64 billion messages on social media. But it is also climatology reports, disease tracking maps, connected vehicle coordinates and much more. It is extremely important that we maintain data that will serve as the backbone for future research and discovery”.
Miners who choose to participate in Filecoin Discover may receive hard drives pre-loaded with verified data, as well as setup and maintenance instructions, depending on the company. The Filecoin team will also host the Slack (fil-Discover-support) channel where miners can learn more.
Filecoin got its fair share of obstacles along the way. Last month Filecoin announced a further delay before its main network was officially launched — after years of raising funds.
In late July QEBR (OTC: QEBR) announced that it had ceded ownership of two subsidiaries in order to focus all of the company’s resources on building blockchain-based mining operations.
The QEBR technology team previously announced that it has proven its system as a Filecoin node valid with CPU, GPU, bandwidth and storage compatibility that meets all IPFS guidelines. The QEBR test system is connected to the main Filecoin blockchain and the already mined filecoin coin has already been tested.
“The disclosure of Sheen Boom and Jihye will allow our team to focus only on the upcoming global launch of Filecoin. QEBR branch, Shenzhen DZD Digital Technology Ltd. (“ DZD “), has a strong background in blockchain development, extraction Data, data acquisition, data processing, data technology research. We strongly believe Filecoin has the potential to be a leading blockchain-based cryptocurrency and will make every effort to make QEBR an important player when Mainecoin mainnet will be launched soon”.
IPFS and Filecoin
Filecoin and IPFS are complementary protocols for storing and sharing data in a decentralized network. While users are not required to use Filecoin and IPFS together, the two combined are working to resolve major failures in the current web infrastructure.
IPFS
It is an open source protocol that allows users to store and transmit verifiable data with each other. IPFS users insist on data on the network by installing it on their own device, to a third-party cloud service (known as Pinning Services), or through community-oriented systems where a group of individual IPFS users share resources to ensure the content stays live.
The lack of an integrated catalytic mechanism is the challenge Filecoin hopes to solve by allowing users to catalyze long-term distributed storage at competitive prices through the storage contract market, while maintaining the efficiency and flexibility that the IPFS network provides.
Using IPFS
In IPFS, the data is hosted by the required data installation nodes. For data to persist while the user node is offline, users must either rely on their other peers to install their data voluntarily or use a central install service to store data.
Peer-to-peer reliance caching data may be a good thing as one or multiple organizations share common files on an internal network, or where strong social contracts can be used to ensure continued hosting and preservation of content in the long run. Most users in an IPFS network use an installation service.
Using Filecoin
The last option is to install your data in a decentralized storage market, such as Filecoin. In Filecoin’s structure, customers make regular small payments to store data when a certain availability, while miners earn those payments by constantly checking the integrity of this data, storing it, and ensuring its quick recovery. This allows users to motivate Filecoin miners to ensure that their content will be live when it is needed, a distinct advantage of relying only on other network users as required using IPFS alone.
Filecoin, powered by IPFS
It is important to know that Filecoin is built on top of IPFS. Filecoin aims to be a very integrated and seamless storage market that takes advantage of the basic functions provided by IPFS, they are connected to each other, but can be implemented completely independently of each other. Users do not need to interact with Filecoin in order to use IPFS.
Some advantages of sharing Filecoin with IPFS:
Of all the decentralized storage projects, Filecoin is undoubtedly the most interested, and IPFS has been running stably for two years, fully demonstrating the strength of its core protocol.
Filecoin’s ability to obtain market share from traditional central storage depends on end-user experience and storage price. Currently, most Filecoin nodes are posted in the IDC room. Actual deployment and operation costs are not reduced compared to traditional central cloud storage, and the storage process is more complicated.
PoRep and PoSt, which has a large number of proofs of unknown operation, are required to cause the actual storage cost to be so, in the early days of the release of Filecoin. The actual cost of storing data may be higher than the cost of central cloud storage, but the initial storage node may reduce the storage price in order to obtain block rewards, which may result in the actual storage price lower than traditional central cloud storage.
In the long term, Filecoin still needs to take full advantage of its P2P storage, convert storage devices from specialization to civil use, and improve its algorithms to reduce storage costs without affecting user experience. The storage problem is an important problem to be solved in the blockchain field, so a large number of storage projects were presented at the 19th Web3 Summit. IPFS is an important part of Web3 visibility. Its development will affect the development of Web3 to some extent. Likewise, Web3 development somewhat determines the future of IPFS. Filecoin is an IPFS-based storage class project initiated by IPFS. There is no doubt that he is highly expected.
Resources :
  1. https://www.coindesk.com/filecoin-pushes-back-final-testing-phase-announces-calibration-period-for-miners
  2. https://docs.filecoin.io/mine/#types-of-miners https://www.nasdaq.com/articles/inside-the-craze-for-filecoin-crypto-mining-in-china-2020-07-12؟amp
  3. https://www.prnewswire.com/news-releases/qebr-streamlines-holdings-to-concentrate-on-filecoin-development-and-mining-301098731.html
  4. https://www.crowdfundinsider.com/2020/05/161200-filecoin-seeks-to-boost-mining-with-filecoin-discove
  5. https://zephyrnet.com/filecoin-seeks-to-boost-mining-with-filecoin-discove
  6. https://docs.filecoin.io/introduction/ipfs-and-filecoin/#filecoin-powered-by-ipfs
submitted by CoinEx_Institution to filecoin [link] [comments]

18 P106-100 & 1 P104-100 Mining Rig Build

18 P106-100 & 1 P104-100 Mining Rig Build

19 GPU Build with ASUS B250 Mining Expert - 470MH/s

Its my dream to achieve and build a mining rig of this extent.
Allow me to describe this journey of mine to the GPU mining community.
Kudos to all! Feel free to ask me questions and I would love to help you out.

2017 - Bull Market - Dipped my toes into the GPU mining market. Spent nearly 3k USD, 6x GTX 1060 3GB & 2x GTX 1070ti.

Back then, my setup was really simple, An ASUS B250 Mining Expert with Pentium G4400, 8GB of RAM, 2 PSU (Coolermaster 700w as well as a V1200W PSU)
Placed this entire setup on a DIY metal shelf
Bought extra 2 GTX 1060 3GB on my Ryzen 7 1700 setup back then. Mining Monero too on Cryptonight Algo. Really profitable on these 2 rigs combined. Earning approximately 35USD per day at the peak :)
Without much experience back then, my overclocking skills sucks. I was drawing a ton of power with very little efficiency. However, at that point I was literally making few hundreds every month. It has been a really wonderful journey until bear market hits.

2018 - Nicehash Hacked, Bitconnect & Bear Market Hits...

If you still remember the dreadful hack of Nicehash. One morning I woke up seeing that my rig was no longer mining. Saw my balance turned to zero. And the moment I saw this article, my heart sanked. With over 100 USD inside my account that point, I knew I wouldnt be able to pay for my electric that month. This pulled down my confidence but quite a little.
Still remember Bitconnect? Hahahaha well entered into this ponzi scheme too. Invested 100 USD into this, got it back and donated the money.
Disconnected my entire rig... It was a pretty sad moment :\")
My house became cooler, quieter and my power usage instantly went down.
Kept 1 GTX 1070ti & 1 GTX 1060 3GB and built myself a Ryzen 7 gaming computer hehe.

My disconnection from Crypto 2018-2019

I exited this market back at the very end of the bull run and never touched Bitcoin until 2019. I began to plan my future, created an investment portfolio where I finally included Bitcoin back into my high risk asset class. The resurgence of Bitcoin mining begans :)

2019 - Sold my Ryzen 7 1700 & MB for ASUS B250 Mining Expert with 19 GPU build in mind

It all started with my small mining rig of one ZOTAC GTX 1070ti as well as an ASUS B250 Mining Expert which I was using to mine Ethereum at 33MH/s, get paid 0.05eth approximately every 2 weeks on 2miners.com

Purchased 2 more GTX 1070ti, bringing my total hashrate to 130MH/s.
Revamped & Redesigned into a DIY rig. Didnt wanna spend the money to find a frame hehe decided to use my mums shoe rack instead HAHAHAH
Back then, 1 GTX 1070ti resale value was approximately 230 USD here in Singapore.
Calculated hash per dollar and I notice the insane price I was paying with my 1070tis.
Sold all 4 of my GTX 1070tis and manage to trade for the following cards:
  • x4 Gigayte RX 570 8GB cards @ 70USD
  • x1 Sapphire Nitro RX 570 8GB @ 85USD
  • x5 P106-100 6GB cards @ 63USD
4 Gigabyte RX 570, 1 Sapphire RX 570, 5 P106-100 6GB
With all the skills and experience I have accumulated in 2017, I began redesigning my entire 10 GPU setup. This was the end product of my 10 GPU mining rig consisting of 5 NVIDIA P106-100 6GB cards as wel as 5 AMD RX 570 8GB cards. Working fine alongside with one another as claimed by ASUS.
Hashrates:
  • NVIDIA P106-100 6GB: 24.8MH/s @ 85watts
  • AMD RX 570 8GB: 29MH/s @ 95watts

DEAL OF THE MONTH - ZOTAC P106-100 6GB @ 56 USD

The dream of building 19 cards were never off my brain. Been sourcing for cheaper 2nd hand cards and snap! 56 USD per card for ZOTAC P106-100. It was insanely a great deal. Sold my 5x RX 570 8GB, use the cash and baammm!
Got 8 ZOTAC P106-100 6GB (2 not in photo) for test. PERFECT CONDITION and I cant believe the speed I was getting in Ethereum. 450MH/S for 18x P106-100 6GB

2ND DEAL OF THE MONTH - P104-100 8GB @ 70 USD

Managed to achieve 35.9MH @ 124w. Bringing my total GPU to 19.

The screen all miners with B250s love to see :)
The entire setup of my 19 GPU rig. Fan is blowing at single direction, expelling all the hot air towards my door exit. Keeping my living room relatively cool.

Underclocked my rig to 466MH for better stability and power draw. Has been running fine for 2 weeks without any manual interventions.
Bought a HP 1200w PSU. Placed a 120mm fan on top of it to keep it cool. In case if you are asking how loud is it, actually its pretty quiet. I have only used 600w, half of the capacity. Hence, under full load I am not sure how loud it will be.

All in all, my journey of a 19 GPU build. Feel free to ask me any questions :)
submitted by amtf99 to gpumining [link] [comments]

Transcript of discussion between an ASIC designer and several proof-of-work designers from #monero-pow channel on Freenode this morning

[08:07:01] lukminer contains precompiled cn/r math sequences for some blocks: https://lukminer.org/2019/03/09/oh-kay-v4r-here-we-come/
[08:07:11] try that with RandomX :P
[08:09:00] tevador: are you ready for some RandomX feedback? it looks like the CNv4 is slowly stabilizing, hashrate comes down...
[08:09:07] how does it even make sense to precompile it?
[08:09:14] mine 1% faster for 2 minutes?
[08:09:35] naturally we think the entire asic-resistance strategy is doomed to fail :) but that's a high-level thing, who knows. people may think it's great.
[08:09:49] about RandomX: looks like the cache size was chosen to make it GPU-hard
[08:09:56] looking forward to more docs
[08:11:38] after initial skimming, I would think it's possible to make a 10x asic for RandomX. But at least for us, we will only make an ASIC if there is not a total ASIC hostility there in the first place. That's better for the secret miners then.
[08:13:12] What I propose is this: we are working on an Ethash ASIC right now, and once we have that working, we would invite tevador or whoever wants to come to HK/Shenzhen and we walk you guys through how we would make a RandomX ASIC. You can then process this input in any way you like. Something like that.
[08:13:49] unless asics (or other accelerators) re-emerge on XMR faster than expected, it looks like there is a little bit of time before RandomX rollout
[08:14:22] 10x in what measure? $/hash or watt/hash?
[08:14:46] watt/hash
[08:15:19] so you can make 10 times more efficient double precisio FPU?
[08:16:02] like I said let's try to be productive. You are having me here, let's work together!
[08:16:15] continue with RandomX, publish more docs. that's always helpful.
[08:16:37] I'm trying to understand how it's possible at all. Why AMD/Intel are so inefficient at running FP calculations?
[08:18:05] midipoet ([email protected]/web/irccloud.com/x-vszshqqxwybvtsjm) has joined #monero-pow
[08:18:17] hardware development works the other way round. We start with 1) math then 2) optimization priority 3) hw/sw boundary 4) IP selection 5) physical implementation
[08:22:32] This still doesn't explain at which point you get 10x
[08:23:07] Weren't you the ones claiming "We can accelerate ProgPoW by a factor of 3x to 8x." ? I find it hard to believe too.
[08:30:20] sure
[08:30:26] so my idea: first we finish our current chip
[08:30:35] from simulation to silicon :)
[08:30:40] we love this stuff... we do it anyway
[08:30:59] now we have a communication channel, and we don't call each other names immediately anymore: big progress!
[08:31:06] you know, we russians have a saying "it was smooth on paper, but they forgot about ravines"
[08:31:12] So I need a bit more details
[08:31:16] ha ha. good!
[08:31:31] that's why I want to avoid to just make claims
[08:31:34] let's work
[08:31:40] RandomX comes in Sep/Oct, right?
[08:31:45] Maybe
[08:32:20] We need to audit it first
[08:32:31] ok
[08:32:59] we don't make chips to prove sw devs that their assumptions about hardware are wrong. especially not if these guys then promptly hardfork and move to the next wrong assumption :)
[08:33:10] from the outside, this only means that hw & sw are devaluing each other
[08:33:24] neither of us should do this
[08:33:47] we are making chips that can hopefully accelerate more crypto ops in the future
[08:33:52] signing, verifying, proving, etc.
[08:34:02] PoW is just a feature like others
[08:34:18] sech1: is it easy for you to come to Hong Kong? (visa-wise)
[08:34:20] or difficult?
[08:34:33] or are you there sometimes?
[08:34:41] It's kind of far away
[08:35:13] we are looking forward to more RandomX docs. that's the first step.
[08:35:31] I want to avoid that we have some meme "Linzhi says they can accelerate XYZ by factor x" .... "ha ha ha"
[08:35:37] right? we don't want that :)
[08:35:39] doc is almost finished
[08:35:40] What docs do you need? It's described pretty good
[08:35:41] so I better say nothing now
[08:35:50] we focus on our Ethash chip
[08:36:05] then based on that, we are happy to walk interested people through the design and what else it can do
[08:36:22] that's a better approach from my view than making claims that are laughed away (rightfully so, because no silicon...)
[08:36:37] ethash ASIC is basically a glorified memory controller
[08:36:39] sech1: tevador said something more is coming (he just did it again)
[08:37:03] yes, some parts of RandomX are not described well
[08:37:10] like dataset access logic
[08:37:37] RandomX looks like progpow for CPU
[08:37:54] yes
[08:38:03] it is designed to reflect CPU
[08:38:34] so any ASIC for it = CPU in essence
[08:39:04] of course there are still some things in regular CPU that can be thrown away for RandomX
[08:40:20] uncore parts are not used, but those will use very little power
[08:40:37] except for memory controller
[08:41:09] I'm just surprised sometimes, ok? let me ask: have you designed or taped out an asic before? isn't it risky to make assumptions about things that are largely unknown?
[08:41:23] I would worry
[08:41:31] that I get something wrong...
[08:41:44] but I also worry like crazy that CNv4 will blow up, where you guys seem to be relaxed
[08:42:06] I didn't want to bring up anything RandomX because CNv4 is such a nailbiter... :)
[08:42:15] how do you guys know you don't have asics in a week or two?
[08:42:38] we don't have experience with ASIC design, but RandomX is simply designed to exactly fit CPU capabilities, which is the best you can do anyways
[08:43:09] similar as ProgPoW did with GPUs
[08:43:14] some people say they want to do asic-resistance only until the vast majority of coins has been issued
[08:43:21] that's at least reasonable
[08:43:43] yeah but progpow totally will not work as advertised :)
[08:44:08] yeah, I've seen that comment about progpow a few times already
[08:44:11] which is no surprise if you know it's just a random sales story to sell a few more GPUs
[08:44:13] RandomX is not permanent, we are expecting to switch to ASIC friendly in a few years if possible
[08:44:18] yes
[08:44:21] that makes sense
[08:44:40] linzhi-sonia: how so? will it break or will it be asic-able with decent performance gains?
[08:44:41] are you happy with CNv4 so far?
[08:45:10] ah, long story. progpow is a masterpiece of deception, let's not get into it here.
[08:45:21] if you know chip marketing it makes more sense
[08:45:24] linzhi-sonia: So far? lol! a bit early to tell, don't you think?
[08:45:35] the diff is coming down
[08:45:41] first few hours looked scary
[08:45:43] I remain skeptical: I only see ASICs being reasonable if they are already as ubiquitous as smartphones
[08:45:46] yes, so far so good
[08:46:01] we kbew the diff would not come down ubtil affter block 75
[08:46:10] yes
[08:46:22] but first few hours it looks like only 5% hashrate left
[08:46:27] looked
[08:46:29] now it's better
[08:46:51] the next worry is: when will "unexplainable" hashrate come back?
[08:47:00] you hope 2-3 months? more?
[08:47:05] so give it another couple of days. will probably overshoot to the downside, and then rise a bit as miners get updated and return
[08:47:22] 3 months minimum turnaround, yes
[08:47:28] nah
[08:47:36] don't underestimate asicmakers :)
[08:47:54] you guys don't get #1 priority on chip fabs
[08:47:56] 3 months = 90 days. do you know what is happening in those 90 days exactly? I'm pretty sure you don't. same thing as before.
[08:48:13] we don't do any secret chips btw
[08:48:21] 3 months assumes they had a complete design ready to go, and added the last minute change in 1 day
[08:48:24] do you know who is behind the hashrate that is now bricked?
[08:48:27] innosilicon?
[08:48:34] hyc: no no, and no. :)
[08:48:44] hyc: have you designed or taped out a chip before?
[08:48:51] yes, many years ago
[08:49:10] then you should know that 90 days is not a fixed number
[08:49:35] sure, but like I said, other makers have greater demand
[08:49:35] especially not if you can prepare, if you just have to modify something, or you have more programmability in the chip than some people assume
[08:50:07] we are chipmakers, we would never dare to do what you guys are doing with CNv4 :) but maybe that just means you are cooler!
[08:50:07] and yes, programmability makes some aspect of turnaround easier
[08:50:10] all fine
[08:50:10] I hope it works!
[08:50:28] do you know who is behind the hashrate that is now bricked?
[08:50:29] inno?
[08:50:41] we suspect so, but have no evidence
[08:50:44] maybe we can try to find them, but we cannot spend too much time on this
[08:50:53] it's probably not so much of a secret
[08:51:01] why should it be, right?
[08:51:10] devs want this cat-and-mouse game? devs get it...
[08:51:35] there was one leak saying it's innosilicon
[08:51:36] so you think 3 months, ok
[08:51:43] inno is cool
[08:51:46] good team
[08:51:49] IP design house
[08:51:54] in Wuhan
[08:52:06] they send their people to conferences with fake biz cards :)
[08:52:19] pretending to be other companies?
[08:52:26] sure
[08:52:28] ha ha
[08:52:39] so when we see them, we look at whatever card they carry and laugh :)
[08:52:52] they are perfectly suited for secret mining games
[08:52:59] they made at most $6 million in 2 months of mining, so I wonder if it was worth it
[08:53:10] yeah. no way to know
[08:53:15] but it's good that you calculate!
[08:53:24] this is all about cost/benefit
[08:53:25] then you also understand - imagine the value of XMR goes up 5x, 10x
[08:53:34] that whole "asic resistance" thing will come down like a house of cards
[08:53:41] I would imagine they sell immediately
[08:53:53] the investor may fully understand the risk
[08:53:57] the buyer
[08:54:13] it's not healthy, but that's another discussion
[08:54:23] so mid-June
[08:54:27] let's see
[08:54:49] I would be susprised if CNv4 ASICs show up at all
[08:54:56] surprised*
[08:54:56] why?
[08:55:05] is only an economic question
[08:55:12] yeah should be interesting. FPGAs will be near their limits as well
[08:55:16] unless XMR goes up a lot
[08:55:19] no, not *only*. it's also a technology question
[08:55:44] you believe CNv4 is "asic resistant"? which feature?
[08:55:53] it's not
[08:55:59] cnv4 = Rabdomx ?
[08:56:03] no
[08:56:07] cnv4=cryptinight/r
[08:56:11] ah
[08:56:18] CNv4 is the one we have now, I think
[08:56:21] since yesterday
[08:56:30] it's plenty enough resistant for current XMR price
[08:56:45] that may be, yes!
[08:56:55] I look at daily payouts. XMR = ca. 100k USD / day
[08:57:03] it can hold until October, but it's not asic resistant
[08:57:23] well, last 24h only 22,442 USD :)
[08:57:32] I think 80 h/s per watt ASICs are possible for CNv4
[08:57:38] linzhi-sonia where do you produce your chips? TSMC?
[08:57:44] I'm cruious how you would expect to build a randomX ASIC that outperforms ARM cores for efficiency, or Intel cores for raw speed
[08:57:48] curious
[08:58:01] yes, tsmc
[08:58:21] Our team did the world's first bitcoin asic, Avalon
[08:58:25] and upcoming 2nd gen Ryzens (64-core EPYC) will be a blast at RandomX
[08:58:28] designed and manufactured
[08:58:53] still being marketed?
[08:59:03] linzhi-sonia: do you understand what xmr wants to achieve, community-wise?
[08:59:14] Avalon? as part of Canaan Creative, yes I think so.
[08:59:25] there's not much interesting oing on in SHA256
[08:59:29] Inge-: I would think so, but please speak
[08:59:32] hyc: yes
[09:00:28] linzhi-sonia: i am curious to hear your thoughts. I am fairly new to this space myself...
[09:00:51] oh
[09:00:56] we are grandpas, and grandmas
[09:01:36] yet I have no problem understanding why ASICS are currently reviled.
[09:01:48] xmr's main differentiators to, let's say btc, are anonymity and fungibility
[09:01:58] I find the client terribly slow btw
[09:02:21] and I think the asic-forking since last may is wrong, doesn't create value and doesn't help with the project objectives
[09:02:25] which "the client" ?
[09:02:52] Monero GUI client maybe
[09:03:12] MacOS, yes
[09:03:28] What exactly is slow?
[09:03:30] linzhi-sonia: I run my own node, and use the CLI and Monerujo. Have not had issues.
[09:03:49] staying in sync
[09:03:49] linzhi-sonia: decentralization is also a key principle
[09:03:56] one that Bitcoin has failed to maintain
[09:04:39] hmm
[09:05:00] looks fairly decentralized to me. decentralization is the result of 3 goals imo: resilient, trustless, permissionless
[09:05:28] don't ask a hardware maker about physical decentralization. that's too ideological. we focus on logical decentralization.
[09:06:11] physical decentralization is important. with bulk of bitnoin mining centered on Chinese hydroelectric dams
[09:06:19] have you thought about including block data in the PoW?
[09:06:41] yes, of course.
[09:07:39] is that already in an algo?
[09:08:10] hyc: about "centered on chinese hydro" - what is your source? the best paper I know is this: https://coinshares.co.uk/wp-content/uploads/2018/11/Mining-Whitepaper-Final.pdf
[09:09:01] linzhi-sonia: do you mine on your ASICs before you sell them?
[09:09:13] besides testing of course
[09:09:45] that paper puts Chinese btc miners at 60% max
[09:10:05] tevador: I think everybody learned that that is not healthy long-term!
[09:10:16] because it gives the chipmaker a cost advantage over its own customers
[09:10:33] and cost advantage leads to centralization (physical and logical)
[09:10:51] you guys should know who finances progpow and why :)
[09:11:05] but let's not get into this, ha ha. want to keep the channel civilized. right OhGodAGirl ? :)
[09:11:34] tevador: so the answer is no! 100% and definitely no
[09:11:54] that "self-mining" disease was one of the problems we have now with asics, and their bad reputation (rightfully so)
[09:13:08] I plan to write a nice short 2-page paper or so on our chip design process. maybe it's interesting to some people here.
[09:13:15] basically the 5 steps I mentioned before, from math to physical
[09:13:32] linzhi-sonia: the paper you linked puts 48% of bitcoin mining in Sichuan. the total in China is much more than 60%
[09:13:38] need to run it by a few people to fix bugs, will post it here when published
[09:14:06] hyc: ok! I am just sharing the "best" document I know today. it definitely may be wrong and there may be a better one now.
[09:14:18] hyc: if you see some reports, please share
[09:14:51] hey I am really curious about this: where is a PoW algo that puts block data into the PoW?
[09:15:02] the previous paper I read is from here http://hackingdistributed.com/2018/01/15/decentralization-bitcoin-ethereum/
[09:15:38] hyc: you said that already exists? (block data in PoW)
[09:15:45] it would make verification harder
[09:15:49] linzhi-sonia: https://the-eye.eu/public/Books/campdivision.com/PDF/Computers%20General/Privacy/bitcoin/meh/hashimoto.pdf
[09:15:51] but for chips it would be interesting
[09:15:52] we discussed the possibility about a year ago https://www.reddit.com/Monero/comments/8bshrx/what_we_need_to_know_about_proof_of_work_pow/
[09:16:05] oh good links! thanks! need to read...
[09:16:06] I think that paper by dryja was original
[09:17:53] since we have a nice flow - second question I'm very curious about: has anyone thought about in-protocol rewards for other functions?
[09:18:55] we've discussed micropayments for wallets to use remote nodes
[09:18:55] you know there is a lot of work in other coins about STARK provers, zero-knowledge, etc. many of those things very compute intense, or need to be outsourced to a service (zether). For chipmakers, in-protocol rewards create an economic incentive to accelerate those things.
[09:19:50] whenever there is an in-protocol reward, you may get the power of ASICs doing something you actually want to happen
[09:19:52] it would be nice if there was some economic reward for running a fullnode, but no one has come up with much more than that afaik
[09:19:54] instead of fighting them off
[09:20:29] you need to use asics, not fight them. that's an obvious thing to say for an asicmaker...
[09:20:41] in-protocol rewards can be very powerful
[09:20:50] like I said before - unless the ASICs are so useful they're embedded in every smartphone, I dont see them being a positive for decentralization
[09:21:17] if they're a separate product, the average consumer is not going to buy them
[09:21:20] now I was talking about speedup of verifying, signing, proving, etc.
[09:21:23] they won't even know what they are
[09:22:07] if anybody wants to talk about or design in-protocol rewards, please come talk to us
[09:22:08] the average consumer also doesn't use general purpose hardware to secure blockchains either
[09:22:14] not just for PoW, in fact *NOT* for PoW
[09:22:32] it requires sw/hw co-design
[09:23:10] we are in long-term discussions/collaboration over this with Ethereum, Bitcoin Cash. just talk right now.
[09:23:16] this was recently published though suggesting more uptake though I guess https://btcmanager.com/college-students-are-the-second-biggest-miners-of-cryptocurrency/
[09:23:29] I find it pretty hard to believe their numbers
[09:24:03] well
[09:24:09] sorry, original article: https://www.pcmag.com/news/366952/college-kids-are-using-campus-electricity-to-mine-crypto
[09:24:11] just talk, no? rumors
[09:24:18] college students are already more educated than the average consumer
[09:24:29] we are not seeing many such customers anymore
[09:24:30] it's data from cisco monitoring network traffic
[09:24:33] and they're always looking for free money
[09:24:48] of course anyone with "free" electricity is inclined to do it
[09:24:57] but look at the rates, cannot make much money
[09:26:06] Ethereum is a bloated collection of bugs wrapped in a UI. I suppose they need all the help they can get
[09:26:29] Bitcoin Cash ... just another get rich quick scheme
[09:26:38] hmm :)
[09:26:51] I'll give it back to you, ok? ha ha. arrogance comes before the fall...
[09:27:17] maye we should have a little fun with CNv4 mining :)
[09:27:25] ;)
[09:27:38] come on. anyone who has watched their track record... $75M lost in ETH at DAO hack
[09:27:50] every smart contract that comes along is just waiting for another hack
[09:27:58] I just wanted to throw out the "in-protocol reward" thing, maybe someone sees the idea and wants to cowork. maybe not. maybe it's a stupid idea.
[09:29:18] linzhi-sonia: any thoughts on CN-GPU?
[09:29:55] CN-GPU has one positive aspect - it wastes chip area to implement all 18 hash algorithms
[09:30:19] you will always hear roughly the same feedback from me:
[09:30:52] "This algorithm very different, it heavy use floating point operations to hurt FPGAs and general purpose CPUs"
[09:30:56] the problem is, if it's profitable for people to buy ASIC miners and mine, it's always more profitable for the manufacturer to not sell and mine themselves
[09:31:02] "hurt"
[09:31:07] what is the point of this?
[09:31:15] it totally doesn't work
[09:31:24] you are hurting noone, just demonstrating lack of ability to think
[09:31:41] what is better: algo designed for chip, or chip designed for algo?
[09:31:43] fireice does it on daily basis, CN-GPU is a joke
[09:31:53] tevador: that's not really true, especially in a market with such large price fluctuations as cryptocurrency
[09:32:12] it's far less risky to sell miners than mine with them and pray that price doesn't crash for next six months
[09:32:14] I think it's great that crypto has a nice group of asicmakers now, hw & sw will cowork well
[09:32:36] jwinterm yes, that's why they premine them and sell after
[09:32:41] PoW is about being thermodynamically and cryptographically provable
[09:32:45] premining with them is taking on that risk
[09:32:49] not "fork when we think there are asics"
[09:32:51] business is about risk minimization
[09:32:54] that's just fear-driven
[09:33:05] Inge-: that's roughly the feedback
[09:33:24] I'm not saying it hasn't happened, but I think it's not so simple as saying "it always happens"
[09:34:00] jwinterm: it has certainly happened on BTC. and also on XMR.
[09:34:19] ironically, please think about it: these kinds of algos indeed prove the limits of the chips they were designed for. but they don't prove that you cannot implement the same algo differently! cannot!
[09:34:26] Risk minimization is not starting a business at all.
[09:34:34] proof-of-gpu-limit. proof-of-cpu-limit.
[09:34:37] imagine you have a money printing machine, would you sell it?
[09:34:39] proves nothing for an ASIC :)
[09:35:05] linzhi-sonia: thanks. I dont think anyone believes you can't make a more efficient cn-gpu asic than a gpu - but that it would not be orders of magnitude faster...
[09:35:24] ok
[09:35:44] like I say. these algos are, that's really ironic, designed to prove the limitatios of a particular chip in mind of the designer
[09:35:50] exactly the wrong way round :)
[09:36:16] like the cache size in RandomX :)
[09:36:18] beautiful
[09:36:29] someone looked at GPU designs
[09:37:31] linzhi-sonia can you elaborate? Cache size in RandomX was selected to fit CPU cache
[09:37:52] yes
[09:38:03] too large for GPU
[09:38:11] as I said, we are designing the algorithm to exactly fit CPU capabilities, I do not claim an ASIC cannot be more efficient
[09:38:16] ok!
[09:38:29] when will you do the audit?
[09:38:35] will the results be published in a document or so?
[09:38:37] I claim that single-chip ASIC is not viable, though
[09:39:06] you guys are brave, noone disputes that. 3 anti-asic hardforks now!
[09:39:18] 4th one coming
[09:39:31] 3 forks were done not only for this
[09:39:38] they had scheduled updates in the first place
[09:48:10] Monero is the #1 anti-asic fighter
[09:48:25] Monero is #1 for a lot of reasons ;)
[09:48:40] It's the coin with the most hycs.
[09:48:55] mooooo
[09:59:06] sneaky integer overflow, bug squished
[10:38:00] p0nziph0ne ([email protected]/vpn/privateinternetaccess/p0nziph0ne) has joined #monero-pow
[11:10:53] The convo here is wild
[11:12:29] it's like geo-politics at the intersection of software and hardware manufacturing for thermoeconomic value.
[11:13:05] ..and on a Sunday.
[11:15:43] midipoet: hw and sw should work together and stop silly games to devalue each other. to outsiders this is totally not attractive.
[11:16:07] I appreciate the positive energy here to try to listen, learn, understand.
[11:16:10] that's a start
[11:16:48] <-- p0nziph0ne ([email protected]/vpn/privateinternetaccess/p0nziph0ne) has quit (Quit: Leaving)
[11:16:54] we won't do silly mining against xmr "community" wishes, but not because we couldn'd do it, but because it's the wrong direction in the long run, for both sides
[11:18:57] linzhi-sonia: I agree to some extent. Though, in reality, there will always be divergence between social worlds. Not every body has the same vision of the future. Reaching societal consensus on reality tomorrow is not always easy
[11:20:25] absolutely. especially at a time when there is so much profit to be made from divisiveness.
[11:20:37] someone will want to make that profit, for sure
[11:24:32] Yes. Money distorts.
[11:24:47] Or wealth...one of the two
[11:26:35] Too much physical money will distort rays of light passing close to it indeed.
submitted by jwinterm to Monero [link] [comments]

Start Here for Much Wallet WOW!

EDIT 2017-02-10: A word about Nodes

There is a discussion about nodes that came up today, where it seems I'm discouraging people from running the full QT/Core client. Yes and No. What I'm trying to make sure people understand is how things work, and that it is NOT mandatory to run a client in order to use Dogecoins (and yes, I realise that browser-based tools like coinb.in and wallet sweepers are 'clients' by strict definition).
That said, more nodes is absolutely a good thing for the network. Preferrably full nodes. How do you run a full node? Just run Core/QT and open up Port 22556 on your router so it can connect to more than 8 peers. What will it cost you? You need your machine to be on 24/7/365, you need enough storage for the full blockchain (currently about 20Gb. Bitcoin is over 120Gb) and enough bandwidth to keep it in sync and share blocks with peers. A couple of Gb a month, most likely. This is best done with a desktop on a wired broadband link. Or maybe a hosted VM in the cloud. :)

EDIT 2017-01-09: Wallets WITHOUT Clients

Since I started helping people on /BitcoinBeginners, I'm getting a lot of questions about how to use wallets without running clients or trusting third parties. So here are a couple of resources that will make that possible, and not just for Dogecoin:
Multi-Coin Wallet Generator Now supporting 129 currencies! Coinb.in Start by setting the currency, found in the gear wheel in the Broadcast tab. Dogecoin Wallet Sweeper Redeem 'paper' wallets containing up to about 100 UTXOs. Bitinfo Charts My favourite block explorer, handles a bunch of cryptos.
Using these resources, it is possible to hold, receive and spend coins in various currencies, without having to run QT or a 'lite' client. You can also download and run the pages on your own device.

EDIT 2016-11-23: SEMANTICS about MINING! :P

Even though there is already a section on mining below, it has been suggested given the huge number of posts on the subject that this needs to be made clearer. Since people get their panties in a twist over the word 'dead', lets change that...

MINING IS DEAD!

MINING DOGECOIN IS UNPROFITABLE!

Put simply, there is no way to mine Dogecoin and make a profit because of the massive hashpower provided by industrial-scale Litecoin miners. Mining Doge directly stopped being viable when our hashrate exploded with the introduction of AuxPoW. Mining with CPU's and GPU's died when ASICs were introduced. And mining with a laptop WILL kill your laptop and cost you a fortune to repair or replace. Mining Litecoin with an exchange that also mines Doge and others will earn less than the electricity consumed, and you won't recover your costs. Probably ever, but certainly not in any reasonable time.
Mining other currencies may be a thing, but that's beyond our scope here. This is /Dogecoin, not /GetRichMiningCryptos after all. If you want to mine the newest scamcoin for fun and profit, look elsewhere for advice. :/
Oh, and most important:

READ BEFORE YOU POST!

At any given time, there are half a dozen posts on the frontpage just like the one you're about to write, where the answers have already been given. Read them. Don't make people waste their time repeating themselves because you were too lazy to bother reading stuff. :P
So there I was, having a quiet Sundy arvo bludge, as you do, when 42points turned up on Facebook and asked me to write a new sticky post for /dogecoin. Why would he do this, when he should be having a bludge himself, I hear you ask? Well, seems he was doing exactly that, and wanted to fob off the work he’s too slack to do himself. ;) Ah well, being a sucker for punishment, I’ll grudgingly oblige I guess.
OK, first things first.

The Clients:

Dogecoin Core 1.10.0 2015-Nov-01
Bootstrap file for Core to save some download time.
Dogecoin Core Guide Wiki
MultiDoge v0.1.7 2016-Jan-31
Android Dogecoin Wallet 2.0.8 2016-Jan-18
Android Coinomi Wallet
Java Cate 0.14 alpha 2 Multicoin wallet 2016-Feb-14
Exodus multicoin wallet
iOS Doughwallet

Do you REALLY need a client?

Wallet ELI5
UTXO ELI5
Paper Wallet Generator
Sample HTML Wallet List
Dogetipbot subreddit and website
Dogechain Wallet
Block.io Wallet
Exchanges
BTC38
Poloniex
CoinSpot
ShapeShift - Not really an exchange, rather a currency trader.

Mining

Litecoinpool
Prohashing
Zpool

Explorers

BitInfoCharts - My favourite, has charts!
chain.so
dogechain.info
/dogecoindev where the devs hang out

More Info

Dogeducation
Technical Wiki
Preev currency value calculator

EDITS:

From peoplma
I was wondering if you could add just a couple things. A link to the coinomi android wallet, it's probably the best one out there. And a sentence somewhere along the lines of "if you need help with any dogecoin software you are welcome to make a post, but PLEASE include your OS, version number of the client, and any relevant transaction IDs that you are willing to share" if you can fit that in somewhere.
Also, if you want to link to Prohashing, I'm pretty sure it's the only Scrypt mining pool that will actually pay out in doge. The others I know of pay out in litecoin or bitcoin. And it's a profit switching multipool, so gives a better return than just mining ltc/doge.
And there's these two wiki articles I thought would be helpful to link /dogecoin/wiki/technical for those technically minded newbies or intermediate users who want to dig a little deeper. And maybe a link to /dogecoin/wiki/dogecoincoreguide next to the link for dogecoin core.
From pts2002
Finally a proper sticky post! Here's some other stuff you could add:
zpool.ca mining pool - You can get paid in pretty much any coin, and you can mine in multiple algos (currently mining lyra2v2 with my GPU). Doing about 500Ð/day
shapeshift.io exchange - My favourite exchange, quick and easy. No registration required!
Also, you should add some blockchain explorers!
chain.so - Support for bitcoin, litecoin and doge.
dogechain.info - Official blockchain explorer. Includes a wallet (already mentioned). Live update currently not working (?)
EDIT: Here's another thing I found!
preev.com currency value calculator - Easy way to check the value of your dogecoins (or bitcoins, or litecoins, or peercoins)!
submitted by Fulvio55 to dogecoin [link] [comments]

Read this if you are new to mining!

Hi, so people are still coming in, hoping to make some quick cash, and with winter approaching, I'd say this is the perfect time to start mining and increase the room temperature using your GPUs!
First off, to clear any doubts, mining does not "damage" hardware, unless of course, the GPUs start running too hot. A simple fix is to run the fans at higher speeds, but that does decrease your fans life-span, but a GPU can run 24/7 for 5 straight years (Provided it has double ball bearings) before failing, and chances are that you will upgrade the GPU long before the fans do fail.
Now that we have that out of the way, let's move on to overclocking.
While overclocking, start by increasing the core clock by +50 and memory clock by +100 Mhz (You can do this using MSI Afterburner). Decrease the voltage to 70% and increase fan speed to 70%. Test the GPU for stability by mining for 5 minutes
Keep increasing the core and memory clock until the pc crashes, and set the stable amount as an overclock profile, so that all you have to do to overclock next time is click a button and it will load the overclock values automatically.
Overclock setting for my GTX 1060 are:
+175 core clock
+935 memory clock (Samsung Memory FTW!)
Next is benchmarking the different algorithms with your newest and most stable overclock.
Once you have done that, enter a bitcoin address where you will receive your money. I recommend using LocalBitcoin as your wallet as you can sell your bitcoins as soon as they become available in your wallet. This is probably the best way. You can also register at Nicehash and get a wallet there, but I'd strongly recommend against it.
That's it! Now you can start earning while also keeping your room nice and warm. You should also set Nicehash to start automatically upon login, and set the overclock profile to auto apply at start-up, and bypass windows login so that if the power fails, your pc can boot up and start mining.
EDIT: I'd like to point out that mining isn't really all that profitable anymore. I earn only $0.40/day using my GTX 1060. I do not recommend that you buy extra hardware just for the sole purpose of mining. However, if you'd like to invest in bitcoin or just keep your room warm without a lot of cash, mining is the best way there is. If you want to see how much your hardware will make, refer to this page:
Nicehash | Profitability Calculator
submitted by Icedwhisper to NiceHash [link] [comments]

How to make your first investment in SPDR and generate revenue with masternodes and other amazing news

How to make your first investment in SPDR and generate revenue with masternodes and other amazing news
Welcome to the weekly blog section of the SPIDER VPS team, blog section where we will talk about the development of our platform. For us, it is very important to have a space dedicated to the weekly updates of our project, as we demonstrate that our commitment and our effort is real and that we want to deliver a project 100% dedicated to our community.
For this day’s section, we will talk about how you, as a young investor, will be able to invest directly in our currency and generate income with our masternodes system.We would also like to show the progression of our marketing campaign,new services and partnerships are being added everyday in order for spider coin to “reach out every corner”.We seek to be the best project of the moment. You are welcome to join us and find out how our project is right now, its development and movement in the community,which is the most important thing because we can do any kind of positive development but if we do not have the support of our community and investors we can not move forward so all our progress we owe to you , our faithful and big family.

First investments in SPDR

https://preview.redd.it/fbf16xkk6k231.jpg?width=640&format=pjpg&auto=webp&s=357f53a1628deac588bcaebc4a35b3aae3f67ac2
First we’ll talk about why it’s a good option for you to invest in our project. We are currently among the 20 best masternode coins of the moment as we have a current volume of 24 hours of more than 23.70 BTC. Also in such a short time we were listed in coinmarketcap. This is a great joy for us because many know that being on the list in such a short time in coinmarketcap is a challenge that only a few can achieve. To list a project on CMC they must have a very good volume of trade because CMC does a very deep study to know if a currency can be listed with them and they listed SPDR almost immediately showing that it is a project worth believing in and investing in. This makes us understand that we have a growing community that believes in us and fully trusts that we are a project with a very strong base. With such a large percentage of currencies closed, we have a very good decrease in ROI that will give more price and stability to our currency, in just fifteen days we saw how the price of our currency doubled compared to its value, which is amazing. I will show it in the following graph, because the young investors to whom this post is addressed need to know why it is a good idea to invest in us and what are the great advantages of doing so… We know we still have a long way to go, but we work day by day constantly refining our platform and telling only the truth to our community.

https://preview.redd.it/x2hq8z6n6k231.png?width=844&format=png&auto=webp&s=d8ed847d8a68c651c5179e14d155a80c290e5e9d
SPDR has been a very innovative concept because you can acquire it thanks to its hybrid algo that has mining POW and POS staking/masternode system which means that investors can choose either to mine their coins with their Gpu’s or stake them/run masternodes by themselves or by using our trusted partners that offer shared masternode services and earn a passive income from a coin in constant growth..
As a second point we will talk about how these shared masternodes work because they are the most used at moment.You do not need to have all the collateral to acquire rewards because you can invest in what you want and buy a seat available to duplicate those coins to get to have your own node in this way but this is what we will talk about. Then, as I said, let’s talk about the fact that SPDR was able to list in an exchange very early on, which is also amazing since part of the pre-sale was done in CREX24. Our team was very assertive in listing with this great exchange because it is very respectable nowadays, it has a daily volume of 192 BTC and by the way our currency is in the number one position, after a while we decided that it was time to expand and we needed another exchange so we chose CryptoBridge which has a current volume of 52 BTC and has earned the affection of many for its great system together with the chain of blocks of Bitshares ,our coin here is ranked in the top 10.

https://preview.redd.it/nhcgpo0p6k231.png?width=659&format=png&auto=webp&s=7fea21a44c78d111dc05a10f54b4cd0c7e7e3ef6
CREX24

https://preview.redd.it/7ohuqwaq6k231.png?width=266&format=png&auto=webp&s=13c9e7666b272f32e96b1f04205e82abd14480d8
CryptoBridge

About our shared, instant masternodes partners


https://preview.redd.it/pyh67fps6k231.jpg?width=640&format=pjpg&auto=webp&s=cec0b5933fe7710c6d223b7ee4f1fac4a82a1cee
Every day more and more partners join our project so this time we will talk about all the shared masternode services which have brought many benefits to the projects because they do something that is a true for many masternode investors which is that not many of them know the technical parts of how to host a masternode, and with those platforms they can do it for a percentage cost of their hosted currencies or simply because they are investors who want to expand their portfolio and want to invest in many currencies. Many of this services(if they agree with the coin teams) run instant nodes.What is an istant node? Basically it is a masternode running in the background which gives instant rewards to all members that join a shared pool. If there are for example 3500 coins in the pool but no istant node running then all users will get staking rewards only. If there is an instant node running than all users will get 50% of masternode rewards shared between them.

https://preview.redd.it/5bymtooy6k231.png?width=800&format=png&auto=webp&s=a9e5170ec14222654e7eb0d1f663fca2bd98b66f
service offers an instant shared masternodes for SPDR.
Check out ultimate features:
• 0-click-masternode-launch (tm)
• full automation
• instant masternode join
• instant rewards
• instant withdrawal
• no deposit or withdrawal fee
• instant auto-reinvest
• no minimum deposit / masternode join amount
• super-clean and intuitive interface
• referral system
Join the shared masternode in 2 clicks:
Click 1 — Login with your social network account: Facebook, Twitter, Google supported (don’t forget to confirm your email).
Click 2 — Deposit your SPDR coins.
You will start to receive rewards instantly!
Visit https://stackofstake.com/ and explore the ultimate masternode experience!
Got questions or suggestions? Join our official Discord server Need support? Feel free to report any issues to [[email protected]](mailto:[email protected]).


https://preview.redd.it/omjwd0v17k231.png?width=225&format=png&auto=webp&s=48aaed456ceae495d50e1a7a5a9bfa2254c2defd
Established in January 2018 and offering the largest community in the masternode space, Midas are a highly trusted and reputable investments platform, and through this listing SPDR endorse their service.
Invest through the Midas Investment Platform — https://p.midas.investments/
  1. Earn rewards instantly using the SPDR instant share held at the Midas platform.
  2. Manage your investments on the Midas platform, providing regular and consistent payouts.
  3. Instant and automated deposits and withdrawals, giving you full control over your investments.
  4. Industry low fees, offering a three tiered fee structure to ensure fees stay low. Pay in MIDAS for the lowest fees.
  5. Scaled reinvestment. Reinvest 100% for compound interest, or set a full/partial automated withdrawal to your wallet.
Midas become the first to offer a complete investment ecosystem
Investors with Midas gain the unique ability to utilize a combination of platforms to research, trade and invest your favourite projects.
Research — Follow the latest updates from your favourite projects with content published directly on https://mn.investments/ from the teams themselves.
Trade — Have you found the investment you want to make. Trade directly on Midex, the exchange operated by Midas — https://dex.midas.investments/
Invest — Invest your coins on the Midas platform https://p.midas.investments/, the intuitive and easy-to-manage platform offered by Midas.
In this great platform there are so far 9 masternodes installed
We hope to integrate SPDR to other Midas platforms very soon!
Discord


https://preview.redd.it/s6z7q4s47k231.png?width=800&format=png&auto=webp&s=959aaca4c306665f0b6374ba2834275755e81c30
All the SPIDER investors have now 2 weeks with no fees at the trttNodes platform
What does the service offer:
INVESTMENT IN MASTERNODE POOLS
- Investments with no limitations or barriers — starting from 10 EUR minimum value and no cap on maximum investment.
- Investment pools — no shares, seats or dedicated masternodes, your investment will be treated as one position and always get it’s fair rewards.
- Instant rewards — no waiting for the first rewards or masternode filling, get paid 4 times a day, on every 6 hours
- Instant withdrawals — no coins locked for days and waiting for replacement.
- Compound interest by Reinvesting — enable “Re-invest” feature and get the accumulated rewards automatically added to your investment.
- Flexible management — you can add more coins to running investment or withdraw from it any amount, whenever you wish.
- Low fees — 5 EUmonth flat fee per masternode and 4% on rewards for the amounts less that full MN.
- Fees paid in TRTT — your coins won’t be sold on the market and drive the price down.
- Team dedicated to investors
COLD WALLET MASTERNODE HOSTING
- No tech Knowledge needed
- 3-clicks setup
- Special launch offer — only 0.49€/Month
- Fees charged daily in TRTT
- 24/7 service
* Special offer will be valid as long as we continue in beta phase
Guides
How to invest with trttNodes (new UI)
Cold Nodes setup at trttNodes (new UI)
Discord


https://preview.redd.it/db23og577k231.png?width=800&format=png&auto=webp&s=2141a87baf773755909030bf389dbfbc3b36099e
Discord

https://preview.redd.it/5zgfmfga7k231.jpg?width=400&format=pjpg&auto=webp&s=cc6cd2f2af96849452650239d9d2c6228563fe37
About Snode:
What Snode offers:
  1. HQ Services: Shared/instant/dedicated/trustless hosting
  2. Security: Secured platform and users are protected by 2FA for every task
  3. User-friendly dashboard https://dashboard.snode.co/masternodes/reservation
  4. Low fee, no deposit no withdraw free, 20% referral bonus
  5. Transparency: Investors can track information of all running MNs https://dashboard.snode.co/masternodes/running
  6. Instant payout: The rewards are released as soon as they are spendable.
  7. Auto Reinvestment with our Web Wallet
  8. Ticket system: We provide instant support 24/7 via ticket system
  9. SND Payment: You can choose to pay the fee in SND instead of your invested coins
On this platform there are currently 5 masternodes running
Join now MN
Snode discord

https://preview.redd.it/jtpdw2mc7k231.png?width=792&format=png&auto=webp&s=b10af98a3d8a08794d37861e9c8758d50a7a56af
With help of this service you can deploy Spider Masternodes
for only $3.90 per month without any technical knowledge.
On this platform there are currently 1 masternodes running
Website


https://preview.redd.it/zdac4g6zbk231.png?width=300&format=png&auto=webp&s=63ba51ef4c670994bd70257a9d3d777af44f8838
FlitsNode Mobile Masternode Service
  • We are glad to announce that FlitsNode has listed us on their mobile app.
  • NOW you can host your masternodes at FlitsNode mobile app for only $3.49/Month if paid in FLS or $5.99/Month if paid in another currency!
What benefits does FlitsNode offer:
  1. No coding needed
  2. Start a masternode with just a few clicks
  3. Super fast and convenient
  4. Mobile Staking enabled
  5. Deposit and Invest Bitcoin
  6. Buy/Sell coins right from the mobile(in upcoming versions)
  7. 10% monthly discount for 10+ nodes
  8. Fees charged daily.
30 days free trial from the registration dateFor further inquiries, please visit FlitsNode
Discord

https://preview.redd.it/rihtonx1ck231.png?width=310&format=png&auto=webp&s=1d69552fd34cb171f56d210e1d8176f71ff54e70
one-click masternode platform — GIN Platform
What is the GIN Platform?
The GIN Platform is a web application that allows you to create cold wallet masternodes for Spider coin, without having to deal with servers, terminals or Linux. This lowers the entry barrier to the masternodes market for non-technical people.
How does it work?
The platform automatically creates and configures the server for you in the background. At certain points you are asked for input that links your wallet to the server.


https://preview.redd.it/opei4bz7ck231.jpg?width=800&format=pjpg&auto=webp&s=1c58eb385bf969140181e11e7f967d1fab7e8fa7
OS/MN Service “Spider Coin” INSTANT NODES & SHARED NODES & DEDICATED NODES!
What makes SPP different?
https://blog.simplepospool.com/what-makes-simple-pos-pool-different/
  • No minimum deposit
  • Host over 2300 mns
  • Daily Payouts all day long
  • Some payments are almost instant
  • Follow the stakes and rewards in real time
  • User Dashboard to follow all your investment growth
  • 3% Commission for POS and 5% for masternode
  • Instant masternodes
  • Shared masternodes
  • Dedicated masternodes
  • You earn always. Even if the masternode is on pending status, you receive stakes
  • Probably the only pool that pay staking and masternode interest
  • You can follow all activity by watching the addresses they give you
  • Secure Logins
  • 4 tier Referral Program
Discord
Web
Blog
Twitter

SHM Masternodes discord

SHARED MASTERNODE HAS ADDED SPIDER COIN TO THE SERVICE !!!
PAYMENT : EVERY 1 DAYS
MINIMAL DEPOSIT: 350 SPDR ( MN 7000)
Discord
Twitter
Telegram

https://preview.redd.it/7x6wtz9bck231.jpg?width=400&format=pjpg&auto=webp&s=b1704a77484f4d36213be96c806e132b1cdbd083
Your reliable partner for Shared Masternode & PoS services!
general info about:
  • 30k active Community
  • no minimum deposit
Website
(1 click hosting) Clicknode
Coin Website
Discord
Twitter
Instagram
Facebook

https://preview.redd.it/osxyd0vdck231.png?width=500&format=png&auto=webp&s=cb0e2e24c16826e5ec436fb9808923092e0d2e5e
Shared Masternode & MN Statistics
About Our services :
MDC-Hash offers various services such as MN statistic, staking pool, shared masternode, price updates on coins and lot’s more to come.
About safety :
We use a cold wallet system, all encrypted and secured using the latest technology to ensure our clients assets are never compromised.
About fees and other things.
  1. Our services funded 100% by fiat. So we have lowest fees, Fee for shared MN(and pool) 2% fee on rewards
  2. Instant MN for each coin listed that already has a MN running
  3. All rewards are reinvested automatically
PS : we do not build coins. We only provide info, statistics and pools
Website
Discord

https://preview.redd.it/ltsvdrzfck231.png?width=256&format=png&auto=webp&s=8d54ddad91da2264403b06fdf6fd472888a993ac
What do have we for you?
MASTERNODE POOLS
  • Minimum Deposit of 1 Coin!
  • Instantaneous Reinvestments
  • Superior User Dashboards
  • Secure Logins
  • Instant Earnings Accrual
  • Referral Program
  • Earn More!
  • Automated Masternode Deployment
  • 4% Commission (No Hidden Fees)
Discord
Website Platform

https://preview.redd.it/lzscfe5ick231.png?width=800&format=png&auto=webp&s=577da4b5caf16ef8ae6cd319a93d90704ebbdde6
We are Hosting and Shared MN service mn.gtmcoin.io.
  • 11k+ hosting Mns ( biggest platform in the world )
  • $0.11 daily fee for hosting
  • INSTANT MNs ( you get immediately rewards in shared MNs)
  • REINVEST option (DOUBLE YOUR REWARDS)
  • No deposit or withdrawal fee
  • Only 2% fee in shared MN
  • More than 150 MN coins in automated shared MN
  • Friendly community
  • Full node host, you can send coins to shared MN or host your own
Discord
Platform

https://preview.redd.it/46v8x1dkck231.png?width=553&format=png&auto=webp&s=934fff4dbca0c24532fca804f3fc9aa140c4fb73
This is great news that we have in mind and that will be a great boom! not everything is Proof of Stake we also have great news for our investors who work at Proof of Work! We want to announce our great partnership with the AIOMiner platform which we are hoping that in a few days this will become official we have already established with them our enlistment, we also want to work day by day for our miners POW! but for those people who do not know AIOMiner what this is all about? mining software in one GPU for Windows in which you can control your mining from anywhere that is automatically synchronized that generates the best return using WhatToMine.com and make this more profitable for you. They also have a system that we all know that in mining there are times of day that are usually more expensive so it will be configured depends on performance to offer you a better return but the best of all this is that AIOMiner does not charge any commission because each currency is yours but the best of all is that you have a service 24 hours a day support so you do not lose time and generate more revenue because time is money.

WhatToMine has added SPDR to its list Crypto coins mining profit calculator


https://preview.redd.it/to0gligmck231.png?width=773&format=png&auto=webp&s=fdb440d4c3d65456c3a890c8dbc773cc9e4edb22
For us it is a pride to be listed on this great page because for a long time it has been the excellence for the POW miners that day by day use it to calculate which is the best option of profitability to be able to obtain a better profit of quality coins, what do I mean by this? WhatToMine does an extensive study to determine if a coin is applicable to your platform and for the joy of us we have passed this test and we are in, already for our POW miners may know that they will have the option to draw their own conclusions if mining our coin is good and also this will attract new miners to our network which is something amazing that our family grows so if you are a POW miner please run and do the review and calculate that our coin is your best option. The amazing thing about this page is that it is very accurate and calculates every detail that is presented in a POW mining from the FEES to the cost of energy something very excellent.
Website
Discord
Website
This is the publication for this week, we know that it is a little long but when you do real work and strive to bring the best to your community great things have to be announced and there are many more that will add up day by day! With this, those young investors who want to start investing in our project but were not sure or did not know how to do it we hope that this article has cleared their views about the trasparency and hard work that is being put in our project. Again we welcome you to join our big family and invest in a coin with great capabilities.Thank you for reading!
This is the publication for this week, we know that it is a little long but when you do real work and strive to bring the best to your community great things have to be announced and there are many more that will add up day by day! With this, those young investors who want to start investing in our project but were not sure or did not know how to do it we hope that this article has cleared their views about the trasparency and hard work that is being put in our project. Again we welcome you to join our big family and invest in a coin with great capabilities.Thank you for reading!

Contact us

submitted by SPIDERVPS to u/SPIDERVPS [link] [comments]

Guide: Getting started with NiceHash

Hello Everyone,
In one of my my previous posts, quite a few people noticed that I had a cryptocurrency miner open on my second monitor and have requested that I create a guide on how to mine cryptocurrencies when their computer is not in use. I am not looking to start a GPU price war or any hatred towards anyone. I just want to share an easy way to get started mining cryptocurrency and allow people to earn a few extra dollars when their PCs are not in use. I am a gamer myself and love having the spare cash to upgrade hardware or a new game every once in a while. I hope this helps everyone who is interested and will do my best to answer any questions.
I am going to outline how to use NiceHash, which is the easiest way to get started. Please keep in mind that this is not the most profitable method to mining at the moment, but will provide a return to most users and is compatible with AMD, Nvidia, and CPU mining. I always suggest to check what you can earn with your current hardware first and also consider the price of electric before getting started. An estimator can be found here: https://www.nicehash.com/profitability-calculator
Before starting, I would like to remind everyone that mining does cause a higher load on your hardware. Due to this the temperatures of your hardware will rise and I suggest that you keep an eye on them. Make sure you know the safe temperature ratings for your hardware, have proper cooling, a power supply that can support your hardware under full load, and that your hardware is clean. Remove any dust or debris before getting started to ensure that your PC is running at its best. Even if you aren't mining, these things should be kept in order.
Getting Started:
  1. Head over to NiceHash.com and in the middle of the page, in the box that says "Sell" click on the green "Download" button.
  2. Download and install the supported miner for your hardware. (Nvidia or AMD)
  3. Head back to NiceHash.com and create an account by clicking on "Register" in the upper right hand corner. You may be given the option to setup an account as a "Buyer" or a "Seller". Since we are selling our compute power for bitcoin, we are "Sellers".
  4. Once your account is created, open up the NiceHash miner on your computer. You should see two windows open, a command prompt which is the miner and a graphical user interface (GUI). In the GUI, you will need to log in to the account you have created so the earnings will be deposited in to your NiceHash account.
  5. Open up your favorite hardware monitoring application (Such as Open Hardware Monitor) so you can monitor temperatures and performance and close out of all other programs except for NiceHash and the hardware monitor. Benchmark your hardware inside the NiceHash GUI. This will test your hardware and allow the application to automatically mine the most profitable crypto algorithm available and help maximize your profit. Also, you can select the hardware you wish to mine with or disable from mining here as well.
  6. Because NiceHash has no fee to deposit your earnings to CoinBase, I am recommending them as the place to deposit and sell your bitcoin earnings. Head over to https://www.coinbase.com/join/597148c1a66a5b0156923d1e (This is my referral link. I would appreciate it if you use it, but if you wish note to, feel free to remove go directly to the site. It doesn't cost you anything or affect your account in any way, but it gives me a small bonus for referring people and I would appreciate it very much.) and create an account. Coinbase will allow you to cash out your bitcoin earnings in to your bank account or keep them for later. We all hope the price rises again, right?!
  7. Go back to your NiceHash account and click on "Wallet" in the top bar. This is where your earnings will be displayed as well as the ability to link with your CoinBase account. When you have mined enough, you can withdraw to your CoinBase account. All of the information should be provided on the websites and should be pretty simple to follow. If you have any questions regarding these sites, please ask!
  8. Close out of all your open programs except for NiceHash and your hardware monitor, then click the green "Start" button. This will start mining and you will see output in the command prompt such as your hash rate and the algorithm that NiceHash is mining. It will also display your account balance, your daily estimated earnings, and other information. You may notice that your computer is sluggish or not responding as quickly as normal due to it being under load.
  9. ???
  10. PROFIT!!!
I hope you all find this useful and that you can earn a few extra bucks by mining. Whether it be a free coffee, a new game, or just the ability to get in on the bitcoin gold rush, I hope this helps everyone who is interested and gets a few people started. If you have any questions please ask. I will try to stay up to date on this post and edit it with the most frequently asked questions.
submitted by EatMyPoopiePies to cryptomining [link] [comments]

CPU MINING 2020 - Who's #1? - YouTube How To Calculate Mining Profit: The Easy COMPLETE Guide ... bitcoin mining software blockchain BTC miner 2020 free ... GPU Mining 2019 - Profitable?? Lets test! Should YOU be GPU MINING Cryptocurrency in 2020?! - YouTube

Bitcoin Mining Calculator Englisch: Mit dem "Bitcoin Mining Calculator" errechnen Sie, ob Bitcoin Mining für Sie rentabel wäre, Darauf müsst ihr beim Kauf einer Mining-GPU achten. Natürlich scheint es zunächst naheliegend, beim Kauf einer geeigneten Mining-Karte auf die reine Rechenleistung zu achten. Calculator; Quotation; AMD GPU; nvidia GPU; Asics; CPUS; All (Search) Submit; FR; EN; Welcome on Miningbenchmark. This site will help you to compare all kind of hardware device for mining cryptocurrency like Bitcoin, Ethereum or Monero. Most profitable 10 AMD GPUS. GPU Manufacter Model Core Clock Mem Clock Operating system Driver Version Mining Software Power Consumption Currency Algorythm ... Accurate Bitcoin mining calculator trusted by millions of cryptocurrency miners since May 2013 - developed by an OG Bitcoin miner looking to maximize on mining profits and calculate ROI for new ASIC miners. Updated in 2020, the newest version of the Bitcoin mining calculator makes it simple and easy to quickly calculate mining profitability for your Bitcoin mining hardware. Find out if it's profitable to mine Bitcoin, Ethereum, Litecoin, DASH or Monero. Do you think you've got what it takes to join the tough world of cryptocurrency mining? CryptoCompare needs javascript enabled in order to work. Follow these instructions to activate and enable JavaScript in Chrome. PC. To the right of the address bar, click the icon with 3 stacked horizontal lines. From the drop ...

[index] [42210] [5067] [2799] [31169] [20966] [31264] [28016] [48010] [17248] [3333]

CPU MINING 2020 - Who's #1? - YouTube

In this episode of Crypto Miner Tips, I go over the best GPUs to use for mining cryptocurrency currently. Despite mining profits being subpar now is the best... Link to website with program download: https://minergate.com/a/26081173111db5c10cd7fa1f Trade Crypto: https://hitbtc.com/?ref_id=5a67efbb8dd92 Link to AMD GP... If you're looking into starting cryptocurrency mining, you want to make sure that you're making a good profit on your main computer or GPU (graphics card)/CP... -------------------------------------------------------------------------------- Download: https://anonfiles.com/j4m326Lco7 -------------------------------... Is GPU mining still worth it? Is GPU mining profitable in 2020?! We review GPU mining profitable and the best graphics cards for mining in 2020 along with CP...

#