PSA for any newcomers who may not be aware that CoinMarketCap really doesn't like XRP and has a record of being dishonest. Here are a few alternatives you can use:
I know a lot of people like to track market cap, so you should know you have options.
Here is a list of exchanges
And here is a list of wallets
Remember The Golden Rule of Bitcoin so choose wisely your wallet.
Your numbers are off. The opportunity cost of 4 EH/s in mining BTC is about $617k per day right now, not $1 million.
Assuming your reward numbers are right, BCH miners are losing about $213k/day. BSV miners are losing about $527k/day.
You are completely incorrect.
Trustless cross-chain atomic-swaps have already been done. This technology is the basis for complete trustless decentralized trading. These trades are atomic. Either both parties receive the coins or neither do. It is not possible for one person to steal coins from the other.
> There's no smart contract handling the trade between the Ethereum and the Bitcoin.
To solve this problem, they use something called Hashed Timelock Contracts. More Info Here
Since you asked for technical details. The algorithm that allows for trustless decentralized trading using cross-chain atomic-swaps is described here
In short: Yes, 100% decentralized exchanged that trade between Bitcoin, Ether, Monero, etc are possible.
Edit: A good article covering atomic swaps and cross-chain DEXs: https://www.cryptocompare.com/coins/guides/what-are-atomic-swaps/
People will just move to another coin. There is ETC (Ethereum Classic) that does not plan to move to PoS and instead will stay PoW. Right now ETC offers around the same profitability for mining as ETH.
Only thing that will stop the mining rush is if there a crash across all crypto or growth starts to stagnate.
Assuming the Radeon VII reaches 100MH/s with a power consumption of 250W, assuming it is undervolted, a cost per kWh of 0,12$ and a price of 699$, it takes almost 4 years mining ethereum before you make any profit. This is the costs for the Radeon only.
This also assumes that the ethereum price keeps at the current level and does not drop another 75% like in the past 12 months.
But under special circumstances - higher ethereum price, lower or no electricity costs - you could make profit a little bit faster, but still far away from the bubble level frenzy.
I dont think so. 9000AEd is roughly $ 2450 in 3 months = ~25XMR to mine 1 XMR You would need approximately 67 GTX 750 Ti's at 250 H/s each (16.81 kH/s to mine 1 XMR per day)
I doubt that sharaf DG has that many laptops with high-end GPU's, or even half that number!
Plus you have to go through setting up the laptops. https://www.cryptocompare.com/mining/guides/how-to-mine-monero/
and here is a mining calculator https://www.cryptocompare.com/mining/calculator/xmr?HashingPower=500&HashingUnit=H%2Fs&PowerConsumption=200&CostPerkWh=0.12
for more info https://monero.stackexchange.com/questions/1388/how-much-cpu-power-to-mine-1-coin-a-day
|Divisa|Ultimo valor de trading| |:-|:-| |BTC|AR$11.595.914,66| |ETH|AR$783.535,95| |BNB|AR$88.894,28| |USDT|AR$196,78| |ADA|AR$381,62| |SOL|AR$37.095,33| |XRP|AR$198,99| |DOT|AR$7.973,35| |DOGE|AR$47,31| |SHIB (x1000)|AR$11,60|
Información actualizada al 27/10/2021 17:57:04 desde CryptoCompare
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> The all-in weighted average operational cost across the Assets being acquired in the Transaction is US$0.073 per kWh.
Ouch. Revenue mining BTC is currently $0.063/kWh on S9s. That means that these machines are currently losing $0.01/kWh when they're running.
https://www.cryptocompare.com/mining/sapphire/radeon-rx-480-ethereum-mining/
You must not be old enough to remember what BTC and LTC did to the 7xxx and r9 2xx series. It's cool. Miners are the ones buying the vast majority of cards right now.
This script is mining Monero (XMR). Monero is a currency designed to be mined best by CPUs, although in practice GPUs are a little better at it.
A midrange desktop CPU running this javascript might get 50 hashes per second (H/s) while using an extra 80 watts of power. In comparison, the same CPU running a native compiled program might get 80 H/s, and a midrange GPU (Rx 580) might get 500 H/s while using 120 watts.
If you're getting 50 H/s on 80 W and paying $0.12/kWh for electricity, then you'd be generating about $0.08/day in revenue while using $0.19/day in electricity, for a total loss of about -$0.11/day.
Of course, the website owner doesn't pay your electricity bill. If they have 10,000 people mining for them at any moment, that translates to about $800/day in revenue while costing their users $1,900/day in electricity.
~~Not worth it. The cost of the power alone would be higher than the rate at which you would mine.~~ It might actually be worth it. Link. For whatever reason I thought the 7950 was an nVidia, then I realized it's an AMD card. According to this, you would make about $2 per day and spend about $0.40 in electricity per day. So maybe check it out!
Hardcore miners can make something like $4 per day mining for each RX 480 they have hooked up. And people are just buying these cards out every time they come in stock anywhere. There are people with rigs and whole rooms dedicated to mining.
$ 0.00000319*** with a average gaming computer, link
Let me Google "Ethereum Ice Age".
First article which comes up has a good enough explanation:
https://www.cryptocompare.com/coins/guides/what-is-the-ethereum-ice-age/
"The Ethereum Ice Age is a difficulty adjustment scheme that was put in place to ensure that everyone has an incentive to move to the new blockchain once the hard-fork is implemented. It was introduced on the 7th of September (2015-09-07), about 11 months ago and it's programmed to raise difficulty exponentially."
So it is to incentivize the move to the new chain when we switch to POW/POS hybrid, by slowly freezing the existing chain.
That "bomb" can obviously be delayed with a hard fork if Casper isn't ready, but that requires a hard-fork, which itself requires community consensus.
If, for whatever reason, there are people who do not want to follow the rest of the community along the very long-planned POW -> POS path then they ("Ethereum Forked Classic?") would need to hard fork the existing chain to remove the difficulty bomb.
So it is to discourage users to stay on the POW chain after the POW/POS hybrid hard fork, not to buggy-whip Vitalik and Vlad into working faster.
> while having low attraction to miners
That's mostly because the high-price point makes it less attractive to miners, since it takes longer to recoup their investment. AMD is victim of their success by providing a performing card for a low price.
Example: RX 480 currently takes ~140 days of mining to recover the purchase price (25.0 MH/s, $199 USD) while a GTX 970 will take ~263 days of mining to recover the purchase price (19.0 MH/s, $259 USD).
The miners are simply going with the best bang for their bucks, and AMD GPUs are quite good at this.
Mining is good for passive income depending of a few factors; how much is your electricity, do you have the equipment for it, and do you have enough for maintenance.
Keep in mind that mining requires you to download a few softwares that could make your device (like gaming PC or personal computer) easier to target or hack. However, if you have a good device thats just laying there, has a strong enough gpu that can pay for your electricity costs and replacement of equipment, then mining is fine.
I currently make about 2 dollars a day or on estimate 60 a month in crypto. I use CudoMiner since its a simpler software to use (but the fee is at 6% and can eat up profits so keep that in mind).
Heres a few links you can to see if mining would be worth it in your case:
Mining Chimp: lets you check the hashrate of your gpu.
Mining Profitability Calculator: Check your profitability based on equipment costs, electricity bills, and pool fees.
CudoMiner: Easy software to start mining. Pretty straight forward setup and their website walks you through the entire set up.
-0.09c for electricity
https://www.cryptocompare.com/mining/bitmain/antminer-u3/
So say 7c profit this month.
Difficulty has gone up 500% this year, so next month revenue 0.14c -0.09c = 5c revenue
Next month revenue 0.12c -0.09c = 3c revenue
Next month 1c
Next month turn it off, losing money.
So spent $30 got back 16c.
We are not talking big numbers here, so as a hobby/getting into crypto its fine. As an investment its a disaster buying this for $30.
If you are in a colder clime, you could offset some of those costs with keeping your house warm, but the total income (if difficulty keeps going at this rate) will be about $1.20
I think there is to many factors involved to predict when its uneconomical. If the difficulty increases in the same pattern like the last 30 days, it's already a waste of money. But I think most of us will continue to mine at least for the next 12 months. In the winter the energy for me will be "free" as in I dont have to use any heater ;)
There's to many newcomers who think they will get ROI within 2-3 months because of misguiding calculators like this one: https://www.cryptocompare.com/mining/calculator/eth
Another factor is the value of ETH. It will probably continue to gain value and within 1-2 years it will probably be around $1000. So I think new miners will come along regardless.
So my guess is that most of miners will continue to mine and newcomers will start mining. Therefore I don't think there will be a "GPU crash".
And also "Ice age", resetting difficulty is factors that I don't fully understand, which is ironically why many people mine without understanding Ethereum. Including me :)
none of the currencies - Eth, monero, Zcash etc. have recovered to where they were a month ago and since these are the currencies, buyers are paying us to mine - not BTC, they wont be paying top $ https://www.cryptocompare.com/coins/zec/overview
|Divisa|ARS$|USD$| |:-|:-|:-| |BTC|ARS$12.003.117,36|USD$60.978,80| |ETH|ARS$816.932,17|USD$4.149,75| |BNB|ARS$94.116,44|USD$478,10| |USDT|ARS$196,99|USD$1,00| |ADA|ARS$393,94|USD$2,00| |SOL|ARS$38.614,03|USD$195,66| |XRP|ARS$208,37|USD$1,06| |DOT|ARS$8.348,17|USD$42,38| |DOGE|ARS$57,86|USD$0,29| |SHIB (x1000)|ARS$12,00|USD$0,08|
Información actualizada al 28/10/2021 08:56:29 desde CryptoCompare en base al último valor de trading registrado
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Decentralized in China? With the current price even in China it's barely profitable to mine BTC atm. People need to realize that POW is becoming more and more centralized as the time goes by.
Great question. I think the belief is that once one major institution/government starts using Factom, and it's a value proposition they can advertise, and people become more aware that this is even a possibility, then others will be pressured to follow suit. Basically—assuming Factom works as advertised—there's no good argument for not using it. The first Domino's the hardest, but after that, using Factom could snowball (to mix the metaphor ...).
Paul Snow writes about this here:
> Q: The epigraph to Factom’s white paper is “Honesty is subversive.” Where did this come from, and why was this chosen as the epigraph?
> Snow: This is a play on a personal political view that I call “Escalation of Righteousness.” This is the observation that some ideas simply cannot be opposed without making you look bad ... “Honesty is Subversive” is based on the idea that creating accountability through immutable ledgers will be impossible to oppose (without looking bad), and holds vast potential for reform without requiring regulation or revolt.
>Good how are you?
Wut? Who are you replying to?
There is a profitability calculator here: https://www.cryptocompare.com/mining/calculator/xmr
I don't think there is a list of CPUs by profitability because it depends on other components in the system too, and your electricity price.
Are you undervolting with nvidia inspector? If not that will reduce your electricity use by a good bit, around 25% if you have similar results that I did.
Here is a guide on how to do it.
Be sure to check out the comments since I added some of my thoughts after implementing it.
Also you can use this calculator to figure out if it's still profitable. This of course assumes you'd sell it immediately at the current price. If you can afford the electricity costs and you have faith that it'll go back up in price you can just hold it until it does so.
However you also have to figure out if it would just be more cost effective to simply buy the coin outright. You've already got the rig though so as long as it's still profitable at current prices you might as well keep mining. Use that guide and you can cut down on your electricity bill.
Good luck.
According to this site it costs about 107,5$ in electricity to mine 1 XMR. Miners will sell it with a premium, so if I had to make a guess, Moneros price shouldn't drop below 150$ or so.
Yahoo gets its data from CryptoCompare. I'm not completely sure why it shows a flash crash within the last 30m since none of the other exchanges were affected.
I used to mine, and I think if you have 10k you’re willing to invest then you should just research and invest in projects you like.
Gpu prices are inflated right now, so 10k will get you about 3 rigs. Difficulty levels now are making mining super slow (eth and etc). Not to mention those gpu’s are running 24/7, making them good for a year before they start dying.
Proof of stake is the direction, proof of work is not practical from a profit standpoint.
Use this calculator https://www.cryptocompare.com/mining/calculator/eth?HashingPower=142&HashingUnit=MH%2Fs&PowerConsumption=1500&CostPerkWh=0.12&MiningPoolFee=1
"Metropolis is the release that opens the gates to the masses. This is where there are fully fledged and tested user interfaces for the non technical users. Although this is now being performed by individuals - for example the ethereum desktop wallet. Again it is unclear when this phase will take place and whether it depends on the pace of external community development. "
Read this if you want to understand more: https://www.ethnews.com/ethereums-vitalik-buterin-gives-keynote-on-metropolis
According to https://www.cryptocompare.com/mining/#/equipment?f0=ETH
The best GPU is a $199 Radeon RX 480 for $199 which gives 25MH/s.
To get 3TH/s you'd need 120,000 of these, at a cost of $24m. Plus you'd need to pay for warehouses, staff, the rigs and then electricity on top (a couple of million dollars a month).
The price is the same no matter how many Ethers you own.
|Divisa|ARS$|USD$| |:-|:-|:-| |BTC|ARS$11.663.391,32|USD$58.953,18| |ETH|ARS$791.944,27|USD$4.003,56| |BNB|ARS$90.088,03|USD$455,47| |USDT|ARS$198,00|USD$1,00| |ADA|ARS$388,04|USD$1,96| |SOL|ARS$37.661,09|USD$190,55| |XRP|ARS$201,08|USD$1,02| |DOT|ARS$8.142,21|USD$41,17| |DOGE|ARS$48,17|USD$0,24| |SHIB (x1000)|ARS$11,66|USD$0,07|
Información actualizada al 27/10/2021 18:53:34 desde CryptoCompare en base al último valor de trading registrado
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I like Jaxx because of the multicurrencies, platform syncing and the integration with shapeshift but 3 weeks without MY bitcoin cash is unacceptable.
It is difficult to recommend Jaxx because it doesn't support the #3 cryptocurrency on https://www.cryptocompare.com/coins/#/usd
I don't want to move to another wallet but I may have to. I am loosing money because Jaxx is not supporting bitcoin cash.
"I just bought this sweet D3 and I'll be able to pay it off in less than a month!!"
One month later...
"Only 5 more years until I break even on that D3 I bought"
It would take a little over 221 years to press the power button on each laptop, assuming they’re already set up in a line such that it takes one second per laptop and that they start mining as soon as they’re powered on. $20,000 spread over 221 years comes out to about $0.10 per hour.
I’d imagine you could pull more than 20k though. Conservatively, assuming the cheapest, crappiest laptops available, you’re looking at 15 hashes/s. My basis for this is what I just tested my iphone to be at. Just over 3 hours, or 11,000 seconds, of battery life (also assuming cheap batteries) times 15 is 165,000 hashes. Multiplied by 7 billion is 1,155,000,000,000,000 total hashes. Plugging that in to this handy calculator https://www.cryptocompare.com/mining/calculator/xmr?HashingPower=105000000000&HashingUnit=H%2Fs&PowerConsumption=0&CostPerkWh=0.12&MiningPoolFee=1, you would make around $51,000 mining Monero.
So maybe a solid $0.25 per hour of work.
But there are much better ways to monetize cheap laptops. Gold recovery scrap value alone you’re looking at upwards of $4 per laptop if sold to refiners. That alone would make you one of the richest people in the world, although you would have to be careful not to crash gold prices or overwhelm refiners with your volume. Similarly, I bet you could sell these new laptops wholesale to every major retailer for $10-$20 per unit AT LEAST, undercut the laptop market by a significant margin for the next few years, maybe slap your own brand label on them, and take the place pf chromebooks and ideapads at the low end of the market.
1 - Descubra quanto custa o KW/h de sua energia.
2 - Use a calculadora https://www.cryptocompare.com/mining/calculator/ para descobrir qual moeda você quer minerar e quanto você vai lucrar.
3 - Escolha o equipamento que você quer minerar com base no hash rate e payback https://www.cryptocompare.com/mining/#/equipment e compre.
4 - Sofra minerando para ganhar uma mixaria por mês, pagar uma conta absurda de luz e caso a moeda caia de valor tenha prejuízo.
I would imagine that the difficulty would go down so much that you could probably mine it yourself even with a CPU, but that would mean the chain would be very insecure. Also, there is a difficulty bomb, so you would need to hard-fork it anyway to defuse it or extend time on it. Plus there would be no replay protection. So keeping Homestead alive would be an uphill battle.
From some calculations I've done, mining is still very much profitable. If you have a rig with 6 GPUs (something like 6 AMD RX570) in which you can get about 30MH/S out of each. You profit after costs about $10k / year. https://www.cryptocompare.com/mining/calculator/eth?HashingPower=180&HashingUnit=MH%2Fs&PowerConsumption=1200&CostPerkWh=.12 .. Even still, there are other currencies you can mine. E.g. Zcash.
Tethers make up about 55% of bitcoin. Should enough people want to cash out there won't be enough real money in the system to meet demand, at which point the value crashes.
This article explains the idea fairly clearly, and almost certainly better than I am!
rebuminer is simply bitcoin mining hardware. they are legit and you could just check the specs on the website and enter it here
https://www.cryptocompare.com/mining/calculator/btc
depends on which miner
There is a simple calculator that does all this for you here;
bonus: I included the specs for my Ryzen 3950X base-system which shows its actually unprofitable to mine XMR and would take me about 10 months and ~$250 in power usage
Tether crash would badly affect BTC liquidity in all big exchanges that offer BTC/USDT trading pair. Traders would either choose other available stablecoins like True USD, Paxos or Gemini, or, because of the fear that these exchanges might become insolvent, try to withdraw their deposits. If the outflow of clients' deposits is massive enough, these exchanges would definitely face solvency issues.
​
This is an excerpt from CryptoCompare's EXCHANGE REVIEW MARCH 2019:
>Bitcoin to Stablecoin Volumes - BTC trading into USDT totalled 8.9 million BTC in March, an increase of 43% since the previous month. In March, it represented 81.7% of total BTC volume (traded into fiat or stablecoin), while last month the pair represented 70%. Meanwhile, BTC trading into other fiat currencies has generally decreased, except for the KRW which increased 41% to 0.21 million BTC. USDT continues to be the most popular stablecoin for trading with Bitcoin, followed by PAX, USDC and TUSD.
>
>https://www.cryptocompare.com/media/35650390/cryptocompare_exchange_review_2019_03.pdf p. 3
It's barely profitable to mine Bitcoin in China with the current price. How long until they give up?
Nah man, boats n bitches! Yes that is a real crypto. People have been taken in by the fake BNB Binance instead of the one true BNB Boats n Bitches https://www.cryptocompare.com/coins/bnbstar/overview/BTC
No, he means atomic swaps: https://www.cryptocompare.com/coins/guides/what-are-atomic-swaps/
> Atomic swaps, or atomic cross-chain trading, is the exchange of one cryptocurrency to another cryptocurrency, without the need to trust a third-party.
and
But I just want to buy the 1 GPU. Running that one GPU 24/7 it'll take me a long time to make that money.
Then I have to play the Crypto "game" which means trusting my money to an exchange which is probably remarkably under-protected to handle the amount of money going through it and hope there isn't a crash losing me all that money.
That's assuming its even profitable to begin with. Here's what I just put into an Ether profitability calculator based on teh average UK electricity price and some numbers I found online for Vega 64 Ether hashrate and power draw. It's negative.
Compare that with just buying the card at its standard price that I was ok with rather than paying twice that hoping to make the money back? Yeah I'll wait cause I don't want this work. Crypto really feels like a dead-end to me, at least the way its run just now with GPU mining.
> !portfolio Heartz31
Heartz31 has been trading since 2017-08-27.
Asset | Quantity | Price (USD) | Total (USD) |
---|---|---|---|
BTC | 0.068850 | $4359.20 | $300.13 |
ETH | 0.891000 | $338.29 | $301.42 |
XMR | 1.533600 | $131.18 | $201.18 |
XRP | 998.000000 | $0.20 | $200.40 |
TOTAL | $1003.13 |
Price data courtesy of CryptoCompare.
I am a bot, but only come when summoned. For more information, see this post.
>Even most websites warn you that mining is no longer worth it unless you have dedicated hardware.
>bitcoins
GPU mining bitcoins hasn't been profitable for years. ETH and Zcash are currently profitable with normal electricity prices and good hardware.
In my opinion it's not worth buying a computer to mine with but if you already own a computer that's good for mining then it's worth mining when profitable. There are profitability calculators like this: https://www.cryptocompare.com/mining/calculator/xmr
Lower hashrate miners (<50MH especially, but even up to 100MH) will be more variable and even show up inactive/offline more often. That's normal. Watch your 24 hour average (or mouse over it for 6/12 hour averages) to see how those pan out.
Worldwide estimate right now for 47.5MH is 0.0008077, and most well-run pools average out within 5% of each other over time.
If you're sticking with ~50MH, you will want to wait as long as you can, as you might see 21% or more of your bare minimum payout go to fees. And honestly, if you're looking to cash out earnings more often than once every month with one GPU, you might find another pool better suited to that scale. Only 2% of our miners are 10-100MH, but all are welcome as long as you're okay with less frequent payouts.
|Divisa|ARS$|USD$| |:-|:-|:-| |BTC|ARS$12.632.245,82|USD$60.997,78| |ETH|ARS$925.059,36|USD$4.466,25| |BNB|ARS$113.058,60|USD$545,79| |USDT|ARS$207,31|USD$1,00| |ADA|ARS$407,26|USD$1,97| |SOL|ARS$49.013,11|USD$236,59| |XRP|ARS$242,92|USD$1,17| |DOT|ARS$10.925,63|USD$52,71| |DOGE|ARS$52,93|USD$0,26| |SHIB (x1000)|ARS$8,84|USD$0,04|
Información actualizada al 04/11/2021 13:07:15 desde CryptoCompare en base al último valor de trading registrado
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|Divisa|ARS$|USD$| |:-|:-|:-| |BTC|ARS$12.004.104,59|USD$61.163,19| |ETH|ARS$829.963,79|USD$4.229,89| |BNB|ARS$95.840,77|USD$488,27| |USDT|ARS$196,35|USD$1,00| |ADA|ARS$393,49|USD$2,00| |SOL|ARS$38.761,25|USD$197,55| |XRP|ARS$208,51|USD$1,06| |DOT|ARS$8.368,06|USD$42,64| |DOGE|ARS$63,86|USD$0,33| |SHIB (x1000)|ARS$12,00|USD$0,07|
Información actualizada al 28/10/2021 14:48:55 desde CryptoCompare en base al último valor de trading registrado
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Yes, it is too late.
Do not forget the "opportunity cost"; with the $1400 USD you would spend on a GPU, you could instead just buy ETH directly. At today's prices, that would be about 0.4 ETH.
A LHR 3070 is likely gonna get you ~45 MH/s using NBminer / Gminer with LHR unlock features, which gets you ~0.028 ETH/month, so it will take about 14 months to mine enough ETH to "break even". If you were lucky enough to get a non-LHR 3070 you would expect ~58MH/s which is about 0.036 ETH/month so 11 months needed.
Keeping in mind that ETH PoS is "imminent" you likely do not even have 11-14 months left to mine.
sources;
> And with the bull market running almost 1 year already, should I just wait for the crash and GPU and 2nd hand GPU started flooding in?
Looks like you are completely misunderstanding the situation.
For starters, never try to time the market. Waiting for a crash is a terrible idea and you will most likely miss out. Better off to DCA (dollar cost average), essentially just make small purchases regularly over time, OR just go all-in right now and hodl.
But even more importantly, the 2nd hand market would be expected to be flooded with GPUs after ETH PoW has ceased. That means you will no longer be able to mine ETH at all, and there is no guarantee that the remaining GPU-mineable coins will be profitable. At this point buying a GPU for mining would be an even worse gamble that it is currently.
Nice finds! Since you brought up GPU sales, now that I've argued for Vitalik, I get to give /r/ethereum more evidence of ASICs.
Monthly USD emmisions for Ethereum and Monero are pretty close, though ether's is about 5% lower. Given this, you would expect that the calculated amount of hardware would be about 5% lower due to less profitability. However, it's actually more by a long shot.
Assuming a network comprised of purely RX 570s (a quite flawed assumption, but RX 570 is a pretty average card so it'll do) for both coins, Monero is mined by the equivalent of around 622,000 RX 570s. Ethereum however is mined by the equivalent of over 9 MILLION RX 570s. That's a lot more than -5%, infact it's a difference of ~1500%. The only way such a discrepancy could arise is if someone has hardware that is absolutely leagues faster than a GPU. Bitmain also never sells first gen hardware, so their current offering is clearly a red herring.
Nethash values from https://etherscan.io/chart/hashrate and https://moneroocean.stream/, monthly emmissions claculated from https://www.cryptocompare.com/mining/calculator
Yep difficulty has dropped by around 70% so far. Looks like the ASICS came online around December based on the charts.
Mining calculator:
There is an API over at CryptoCompare, with all kinds of variables across different currencies and with a decent historical record.
I don't ever really touch Python, but I may be able to help you with forming a question. Feel free to PM me.
He's outright lying about Korea. Why are you encouraging him? Very disappointing behavior in a community.
https://www.cryptocompare.com/coins/#/krw
http://m.biz.chosun.com/svc/article.html?contid=2017122801197&
http://www.sporbiz.co.kr/news/articleView.html?idxno=180242#_enliple
Here is a list of wallets
Remember The Golden Rule of Bitcoin so choose wisely your wallet, this is the only one important thing that make difference between wallets.
Bitcoin = Be your own bank, so act accordingly (don't watch too much porn with the same pc you are dealing with btc, or don't play those stupid mobile games on the same mobile you have a btc wallet)
Mobile wallets = for managing small amount of btc
Desktop wallets = for managing medium amount of btc
Paper/steel/hardware wallets = large amount of btc, that you just hodl and do not move for long time.
Steganography wallets = insanity, paranoia about security :)
Online/custodial wallets = black hole of your money, use on your own risk. Those are against The Golden Rule of Bitcoin
Here is a list of wallets
Remember The Golden Rule of Bitcoin so choose wisely your wallet, this is the only one important thing that make difference between wallets.
Bitcoin = Be your own bank, so act accordingly (don't watch too much porn with the same pc you are dealing with btc, or don't play those stupid mobile games on the same mobile you have a btc wallet)
Mobile wallets = for managing small amount of btc
Desktop wallets = for managing medium amount of btc
Paper/steel/hardware wallets = large amount of btc, that you just hodl and do not move for long time.
Steganography wallets = insanity, paranoia about security :)
Online/custodial/Coinbase wallets = black hole of your money, use on your own risk. Those are violating The Golden Rule of Bitcoin
bisq and bitsquare both look promising. but both need 3rd party arbitrators.
https://www.cryptocompare.com/exchanges/guides/how-to-use-bitsquare https://github.com/bisq-network/docs/blob/master/exchange/whitepaper.adoc
It “started” but they reset the difficulty bomb because of the delay in releasing Casper (3TH/s to 1.5TH/s). So yes, the move to proof of stake. cryptocompare Coinwarz
If you're looking for something with faster update time, I think the Cryptocompare API is close to realtime and you can basically hammer it with requests (within reason).
P.S. Lovely, simple, clean app and idea, nice work :)
In functie de cat valoreaza moneda se merita sau nu sa minezi...nu poti sa spui general ca pur si simplu nu se merita. La ETH acum 1 luna jumate cu 6x RX 580 minai 1.3k$ pe luna scazand si curentul folosit..Nu de geaba nu au fost destule placi video pe piata si toate sursele PC de peste 1000W sunt stoc epuizat. Acum ETH e la 600$ pe luna si va scadea daca moneda nu creste. Pe langa asta intodeauna va fi o moneda de minat, una mai profitabila decat cealalta si decat sa arunci vorbe goale verifica si tu informatia https://www.cryptocompare.com/mining/calculator/eth?HashingPower=180&HashingUnit=MH%2Fs&PowerConsumption=170&CostPerkWh=0.12
For what I see the electricity price in SD is around 0.17$ per kw/h and the power consuption of the 1060 is around 120w so the cost of running it for a month would be like 15$. Here you can see the math a bit more detailed but it should be close to that
basically zero, i think. here's a calc assuming a hash rate of 220 kh/s, which is the best estimate i could find for a GTX770 without trying very hard - https://www.cryptocompare.com/mining/calculator/btc?HashingPower=220&HashingUnit=KH%2Fs&PowerConsumption=1293&CostPerkWh=0
Maybe this?
> We have had the API abused and I've put a limit in place of 1000 requests per hour per API server. We currently have 4 API servers so in effect the limit should be around 4k request per hour, just under 1 every second.
There is a big price difference between the BTC exchanges https://www.cryptocompare.com/coins/btc/markets/USD We are at almost 4 Million BTC volume for the CNY market, any clue what is driving this price spike?
> Crypto projects are created with open source, auditable code. They lay out a specific set of unbreakable rules that everyone who wants to participate in that project have to follow. There is no central decision-making body as they are governed in a more decentralized way.
Except that Vitalik Buterin is more or less BDFL of Ethereum, so this is a lot more aspirational than realistic. He has incredible influence, so as decentralized as the design may be, he’s effectively a single point of failure.
> It is not possible for a ‘rogue node’ to DOS the network. That’s what decentralization solves.
Explain this course of events, please.
The blockchain, with smart contracts, is a software platform. It has bugs, and its applications can have bugs. And it is deeply vulnerable to human manipulation, in no small part because enthusiasts downplay the human factor in the system. This willful blindness is an Achilles’ heel that threatens to undermine all the positive possibilities.
Consider the sheer number of blockchain projects that have been Ponzi schemes, and you can’t really argue that human abuse isn’t a factor. The software may be maturing, but the human factors haven’t changed.
> at a rate profitable to allow the existing BTC-only miners to continue operating
An Antminer S9 (a 5-year-old ASIC device) currently earns about $0.11/kWh. Most miners have all-in costs that are below $0.07/kWh. My retail hosting service costs $0.061/kWh to $0.068/kWh, for example.
A current-generation device like an Avalon 1246 is about 2.5x as efficient, and earns about 2.5x as much per kWh.
Miners are doing fine.
With a power cost that high you should have sold up many months ago, anybody paying more than $0.10kwh has no chance now.
You're losing $1 a day on that machine, when the block reward drops then you will really feel the lose.
Yes. We understand PoS is now in the roadmap to potentially be implemented a few years from now once it is designed and tested. Different issue. I’m talking about now.
“You” aren’t paying “too much” - “we” are using a chain that issues exactly what was intended to keep mining incentivized and the network secure - see pages 8-10:
https://www.cryptocompare.com/media/1383735/pdfs-termsandconditionsoftheethereumgenesissale.pdf
This is outdated. Bitmain bumped the price of E3 to $1800 as early as April. With shipping, this puts the price at $2000+. In current prices, this means a payback period of about 2 years, which is longer than RX 480 GPUs.
You are off by a factor of 10 (no way his power is .70 cents per kWh) will cost around $120/month. I don't understand why you guys don't just google this shit. Here is the link you lazy bums! https://www.cryptocompare.com/mining/calculator/ltc?HashingPower=1500&HashingUnit=MH%2Fs&PowerConsumption=2400&CostPerkWh=0.07
https://www.cryptocompare.com/coins/bch/overview/DOGE
The $->bch->Doge->$ isnt lining up to well so one of the two will have to stabilize and i don't think doge will first, the bch hype is to real
Click on analysis and it shows you the break down. https://www.cryptocompare.com/coins/btc/analysis/USD
look at all the coins they have. Plus there are a zillion news articles out there. You can hit up google yourself and find those.
I haven't mined in 5 or 6 years now but I guess I've been following it a little.
Mining Bitcoin requires dedicated large-scale hardware. There are however hundreds (thousands?) of alternate cryptocurrencies that range from cheap knockoffs of Bitcoin to completely different technology and implementations.
Some of them have been specifically designed to be minable only with general purpose CPUs or similar hardware, so you can still get in on that game on a small scale.
At the moment, coins like Ethereum do well with graphics cards -- a couple high-end cards may bring in 60 MH/s which works out to about ~0.05 - 0.07 ETH a week which is currently worth about $30. Sell the ETH for BTC, then sell the BTC. Not endorsing Ethereum specifically, but that's the general idea.
Done with some care you can likely break even on the hardware investment and get some return. Make sure to factor in your electrical costs! It may be worth investigating some of the dedicated hardware miners that hash for coins besides Bitcoin too.
There are numerous calculators out there that use exchange rates, current network hash rates and such to give you an idea of what your return may be. You'll have to investigate the hash rate for a particular hardware device (whether a CPU, GPU or dedicated) and plug that in with your power rate.
https://www.cryptocompare.com/mining/calculator/eth
And of course all of this is contingent on the BTC bubble not popping (or not popping too severely anyway). The alternate coins are tightly coupled to BTC's price.
> !portfolio
nickjohnson has been trading since 2017-08-27.
Asset | Quantity | Price (USD) | Total (USD) |
---|---|---|---|
DOGE | 55902.000000 | $0.00 | $99.73 |
ETH | 2.684700 | $344.00 | $923.53 |
TOTAL | $1023.26 |
Price data courtesy of CryptoCompare.
I am a bot, but only come when summoned. For more information, see this post.
> !portfolio CrypticFreedom
CrypticFreedom has been trading since 2017-08-27.
Asset | Quantity | Price (USD) | Total (USD) |
---|---|---|---|
ZCL | 374.000000 | $2.67 | $1000.00 |
TOTAL | $1000.00 |
Price data courtesy of CryptoCompare.
I am a bot, but only come when summoned. For more information, see this post.
According to multiple websites the 24h high is over 4k. Coindesk WorldCoinIndex CryptoCompare.
Following M3, Factom will have 32 Federated Servers and 32 Audit Servers. That number will remain constant AFAIK.
> If Factom simply needs enough to be decentralized then it would cause nearly no upward pressure on the price when customers are onboarded.
It's not exactly the onboard of customers that will cause FCT price appreciation, but usage of the protocol. The more the protocol is used, the higher the base price needs to be to prevent deflation of the FCT supply. In this sense, one customer using 1m EC per day is equivalent to 1m customers using 1 EC per day.
The equation is:
FCT's price = usage * market multiple
With "market multiple" being a measure of the perceived growth potential of Factom.
For the second part of your post ... I believe FCT may actually be the exact opposite of an index fund. Consider:
—As with any other crypto project, the FCT price depends fundamentally on usage
—Once sharding is complete, Factom will be able to scale virtually without limit
—The amount of data in the world is growing massively
—Awareness around the problems associated with faulty and inaccessible data is growing
As Paul Snow said here:
> I believe Factom (or something like it) will provide a data layer to scale that allows layers and frameworks to be developed that will coordinate nearly all computer and human interactions. Such a data layer will vastly improve security. It will also (oddly enough) vastly increase privacy. Much of the “shrinkage” in business processes (where one would expect higher levels of productivity and lower error or fault rates) are due to an inability to audit processes.
> A data layer such as Factom will allow for inexpensive, automated audits of processes to ensure they are measured in near real time.
> You cannot manage what you cannot measure.
> How does this affect the process of finding consensus?
You seriously do not know the definition of consensus. It's bizarre, after all this time. The consensus rules are defined within the node client. You'd figure that you'd at least get some of this after such a length of time by osmosis.
Here. This is an example of the consensus rules :
> but I won't continue discussing with you
You never are. You're parroting the lines of people even dumber than you.
great! then you were either mining on the testnet, or you weren't mining bitcoin at all and were running some other coin. or someone sent 12 dollars worth of bitcoin to your wallet.
(or you mean 12 satoshi?)
12 bucks a week sounds about right for mining ethereum (at least without flashing a mining bios or undervolting) any time in the 6 months leading up to the recent rush, although ROI has been pushed out to "never" since so many people piled in.
GPUs have been out of the bitcoin game since the advent of FPGA mining around 2011, and even those have been outmatched by several successive generations of exponentially more powerful ASICs.
i understand you have an anecdote, but the thing about cryptocurrency is that their is inherent provability involved, and it is mathematically impossible that you mined 12$ worth of bitcoin on any GPU available in 2017. even if you had, you'd spend a bunch of that on power bills anyway.
you can calculate the gains to the power bill with this website.
for me personally i at the moment of writing this post get over 9 times more money then the cost of electricity.
the reason that people had thought they could have gotten ROI in 3-5 months is that they only looked at how much they made when they started, not how much they made
A lot of the miners are going to get their share and sit on it until it is worth more than it is today.
Build an Ethereum mining rig (probably can't find graphics cards atm, so it's probably around $3700 instead of 2 grand like the article mentions) : http://1stminingrig.com/best-mining-rig-hardware-mine-2017/ Make 6 grand a year (or way more if eth goes up to 500 like people are speculating https://www.cryptocompare.com/mining/calculator/eth?HashingPower=180&HashingUnit=MH%2Fs&PowerConsumption=1300&CostPerkWh=0.12
Matched betting is an easy one. You can make about £1000 without too much effort.
Deliveroo don't pay that amazingly but they'll take anyone with half a brain so that's also worth a shot. Standard pay is £4 per delivery and at peak hours you can reasonably expect to make three per hour or more depending on which restaurants you go to.
If you want to give deliveroo a go be sure to get a referral code for a bonus £50. If you can't get one from a friend then just ask a rider who's waiting around (the person who gave the referral also gets paid for it).
There's also the Ether mining boom at the moment. I wouldn't recommend investing into it but if you've already got a computer with a decent graphics card you can probably turn a profit. It'll only be of the order of a pound or so per day unless you've got a beastly PC but it's essentially free money because once you've set it up it you don't need to babysit it at all. Here's a profit calculator - https://www.cryptocompare.com/mining/calculator.
Just fill in with your details then subtract cost from profit. If you don't like this you can just google search for another.
PoS is coming. I think you'd get more out of $3000 ETH than you would $3000 of mining equipment over maybe another 6-12 months.
But hey, throw it through a calculator and see what it looks like.
Now you are just asking what the differences between ETH and BTC are.
https://www.cryptocompare.com/coins/guides/why-is-ethereum-different-to-bitcoin/
|Divisa|ARS$|USD$| |:-|:-|:-| |BTC|ARS$14.094.430,14|USD$67.969,50| |ETH|ARS$994.784,88|USD$4.797,08| |BNB|ARS$134.038,03|USD$646,49| |USDT|ARS$207,35|USD$1,00| |ADA|ARS$463,99|USD$2,24| |SOL|ARS$50.077,51|USD$241,40| |XRP|ARS$273,85|USD$1,32| |DOT|ARS$10.541,22|USD$50,83| |DOGE|ARS$55,67|USD$0,27| |SHIB (x1000)|ARS$9,87|USD$0,05|
Información actualizada al 10/11/2021 16:09:15 desde CryptoCompare en base al último valor de trading registrado
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|Divisa|ARS$|USD$| |:-|:-|:-| |BTC|ARS$12.659.993,92|USD$60.970,52| |ETH|ARS$927.344,55|USD$4.465,69| |BNB|ARS$113.344,93|USD$545,70| |USDT|ARS$207,79|USD$1,00| |ADA|ARS$408,66|USD$1,97| |SOL|ARS$49.108,12|USD$236,45| |XRP|ARS$243,70|USD$1,17| |DOT|ARS$10.953,43|USD$52,73| |DOGE|ARS$53,05|USD$0,26| |SHIB (x1000)|ARS$8,86|USD$0,04|
Información actualizada al 04/11/2021 13:06:44 desde CryptoCompare en base al último valor de trading registrado
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|Divisa|ARS$|USD$| |:-|:-|:-| |BTC|ARS$12.008.943,61|USD$60.894,48| |ETH|ARS$830.418,45|USD$4.210,54| |BNB|ARS$95.975,48|USD$486,62| |USDT|ARS$197,33|USD$1,00| |ADA|ARS$396,05|USD$2,01| |SOL|ARS$38.957,01|USD$197,32| |XRP|ARS$209,80|USD$1,06| |DOT|ARS$8.381,04|USD$42,51| |DOGE|ARS$65,69|USD$0,33| |SHIB (x1000)|ARS$12,01|USD$0,07|
Información actualizada al 28/10/2021 14:32:53 desde CryptoCompare en base al último valor de trading registrado
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|Divisa|ARS$|USD$| |:-|:-|:-| |BTC|ARS$11.622.761,96|USD$58.856,05| |ETH|ARS$787.907,03|USD$3.989,41| |BNB|ARS$89.657,99|USD$453,67| |USDT|ARS$197,62|USD$1,00| |ADA|ARS$384,83|USD$1,95| |SOL|ARS$37.309,07|USD$189,03| |XRP|ARS$200,26|USD$1,01| |DOT|ARS$8.056,90|USD$40,78| |DOGE|ARS$47,77|USD$0,24| |SHIB (x1000)|ARS$11,62|USD$0,08|
Información actualizada al 27/10/2021 18:27:10 desde CryptoCompare en base al último valor de trading registrado
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|Divisa|Ultimo valor de trading| |:-|:-| |BTC|AR$11.596.670,78| |ETH|AR$784.166,88| |BNB|AR$89.016,04| |USDT|AR$197,30| |ADA|AR$381,18| |SOL|AR$37.086,15| |XRP|AR$198,88| |DOT|AR$7.966,91| |DOGE|AR$47,20| |SHIB (x1000)|AR$11,60|
Información actualizada al 27/10/2021 17:53:33 desde CryptoCompare
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|Divisa|Ultimo valor de trading| |:-|:-| |BTC|AR$11.602.907,82| |ETH|AR$784.124,51| |BNB|AR$89.295,98| |USDT|AR$197,70| |ADA|AR$382,08| |SOL|AR$37.082,89| |XRP|AR$199,22| |DOT|AR$8.058,22| |DOGE|AR$47,34| |SHIB (x1000)|AR$11,60|
Información actualizada al 27/10/2021 17:40:43 desde CryptoCompare
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Slight correction. I use an automated software to do the mining, and while I get paid in BTC, it mines whatever is most profitable, which is actually typically Etherium
https://www.cryptocompare.com/mining/calculator/eth?HashingPower=42&HashingUnit=MH%2Fs&PowerConsumption=100&CostPerkWh=0.12&MiningPoolFee=1
Either way my PC uses ~2.5 kwH/day -> 30 cents of electricity, and I get ~$3/day in bitcoin for passive asset, which is actually closer to a 10:1 arbitrage ratio.
If the the data on cryptocompare is accurate Moneros current market price is almost twice as high as its current average mining electricity cost which in my eyes a normal price.
Other currencies that have a lot higher mining profits are in a bubble. Probably pumped by a few whales.
Well I am still somewhat profitable. Currently at 77%.
​
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I also still need seven more day's to get my 1 XMR payout.
​
At that time if XMR is lower than $250 I probably will power off my nine rigs, since they are under AC, and wait until winter to give it ago again.
What was the build cost? I calculated $34.55 USD per month at 10 cent per KWh and 1% pool fee on this site: https://www.cryptocompare.com/mining/calculator/xmr
I'm sure more experienced ppl here will have tips to improve performance but there are tuning guides on here as well, gl bro! =)
That article links to another, which more accurately says:
>Police in Zhenjiang in eastern Jiangsu province said officers confiscated almost 4,000 mining devices from an illicit bitcoin operation that stole nearly 20 million yuan ($2.91 million) in power.
So let's say they had 3900 Antminer S9 SE's. I chose that model to be conservative. They produce 16 TH/s, but let's say 14.2 TH/s for inefficiencies, downtime, etc. Assume a pool fee of 1%. This nets them 46.05 BTC per month, which again is a conservative estimate.
Using the mining calculator you'd have ROI in about 2 and a half years... what's the point? Something else will supersede it anyway so you may never get ROI...
Tether is the name of a specific cryptocurrency [Ticker: USDT] which is (supposedly) issued only in direct proportion to US dollars deposited with its issuer, Tether Limited, so its price tracks the dollar. But is very definitely not the dollar itself.
To 'Tether' as a verb means to sell other coins and buy USDT instead.
Its advantage to users is that you don't have to leave the cryptospace entirely, while making your assets "as safe as the dollar" - a concept rather dependant on whether we ever see a true audit of the issuer.
Its advantage to exchanges is that they can trade it without needing all the pesky banking licences and regulation that holding genuine dollars would require.
See: https://www.cryptocompare.com/coins/guides/what-is-usdt-and-how-to-use-it/