Post
Topic
Board Mining (Altcoins)
Merits 1 from 1 user
Re: DIY FPGA Mining rig for any algorithm with fast ROI
by
2112
on 12/05/2018, 19:41:44 UTC
⭐ Merited by suchmoon (1)
What’s wrong with 900W to 1kw per hour exactly? Other than being pedantic I think that saying consumption is 0.9-1 KWH is understood.
Your teacher should have explained to you what is the difference between kW/h and kWh.

But on a marketing site dedicated for miners, that to quote earlier post in this thread:
The fact is that 95% of miners out there have a very rudimentary understanding of computers, algorithms, and programming.
I would add that they also have rudimentary understanding of literacy and numeracy.

This is what makes reading mining forums such a great fun. Are people really that stupid or are they just pretending? How to they are going to bamboozle people with bullshit calculations involving non-existing units of measure like kelvin-watt-henry?

On this occasion I'd like to post a good advice that reeses had given about a year six years ago:
I'd recommend reading "The Big Con" for some of the history, and watching Confidence and The Sting as examples of the "classic" con games.
I read that book, and although it was written between the world wars, it is very pertaining to Bitcoin all cryptocurrecies. Here's a short excerpt:

  • Locating and investigating a well-to-do victim. (Putting the mark up.)
  • Gaining the victim’s confidence. (Playing the con for him.)
  • Steering him to meet the insideman. (Roping the mark.)
  • Permitting the insideman to show him how he can make a large amount of money dishonestly. (Telling him the tale.)
  • Allowing the victim to make a substantial profit. (Giving him the convincer.)
  • Determining exactly how much he will invest. (Giving him the breakdown.)
  • Sending him home for his amount of money. (Putting him on the send.)
  • Playing him against a big store and fleecing him. (Taking off the touch.)
  • Getting him out of the way as quietly as possible. (Blowing him off.)
  • Forestalling action by the law. (Putting in the fix.)