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Showing 20 of 40 results by Bankincoins
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Topic
Board Mining (Altcoins)
Re: Mining Increases Vulnerability of PC?
by
Bankincoins
on 30/01/2018, 00:39:15 UTC
I wouldn't be concerned with that.  Mining software is flagged by AV, because malicious websites use code that allows them to mine with your computer while you are on their site, without you knowing it.

Errrm, that is not why it's flagged.

It flagged because hackers put mining software inside their viruses so they can command and control your machine to mine for them.  What websites run has nothing to do with malware signatures.
Post
Topic
Board Mining (Altcoins)
Re: Mining Increases Vulnerability of PC?
by
Bankincoins
on 30/01/2018, 00:37:23 UTC
Of course it does.  You're putting software on your machine and you probably don't know what's in it, especially if you are downloading wallets for brand new coins.  Major coins and established mining software is much less of a concern.

Check the beware of increasing sophisticated infection attempts sticky thread...
Post
Topic
Board Mining (Altcoins)
Re: GPU mining will die in 2018!
by
Bankincoins
on 30/01/2018, 00:35:02 UTC
Remember how Eth was going PoS in fall of 2017 and we were all screwed?

If ETH manages PoS before 2019 I will be shocked.  They will push back the difficulty bomb again.
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Topic
Board Mining (Altcoins)
Re: What are you mining right now ....and why?
by
Bankincoins
on 30/01/2018, 00:31:59 UTC
these days are bad days for mining. profits are so low. İts better to give a break maybe Smiley Or just hold your rewards for future !

What the hell are you talking about?

Mining profits are still near an all time high.

Post
Topic
Board Mining (Altcoins)
Re: All of a sudden my 1070 went from making me $5 a day to barley $3
by
Bankincoins
on 30/01/2018, 00:29:18 UTC
Because there is a gpu mining craze and tons of other people are building and running rigs. 

Maybe actually do some research...?
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Topic
Board Mining (Altcoins)
Re: Ethereum Miners Are Selling Their Graphics Cards
by
Bankincoins
on 30/01/2018, 00:25:50 UTC
Bump. 

Look how stupid this thread looks in hindsight.

Crypto is full of suprises
Post
Topic
Board Mining (Altcoins)
Re: GPU mining will die in 2018!
by
Bankincoins
on 21/01/2018, 03:41:08 UTC
What I'm most worried about is the introduction of quantum computers. When quantum computers are born, the digging of coins is terrible.

Don't worry, mining is going to be your smallest problem. As soon as somebody put together even 1k qbit unit traditional cryptography as we all know it is dead - and so does the world as we know it. Think about it: Internet commerce is gone, secure communication is gone, financial system is back on dedicated dial-up lines. You can't pay with a credit card anymore, you can't trade unless you're physically on the Wall St. Welcome back to the 70s, man.

LOL. That's idiotic FUD.  Crypto is as good as it needs to be.  Quantum computing will require a huge increase in entropy and changes in methods but we are not going back to the 70s.

Post
Topic
Board Altcoin Discussion
Re: LUXcoin - Beware! Scam! Next Signatum is in progress!
by
Bankincoins
on 18/01/2018, 00:59:37 UTC
Either the Devs are too clueless to see how bad this all  looks or they just dont care... Either way it's bad... Doesn't look as bad as some of the scams I've seen on here so maybe it's legit.

Trying to sell it to the guy calling it out as a scam is pretty funny.  Good stuff there.
Post
Topic
Board Mining (Altcoins)
Re: Any alternative to nicehash... my 10 1080ti earns less than 6$ a day .... :(
by
Bankincoins
on 14/01/2018, 07:35:05 UTC
You could actually research and then mine coins yourself.
Post
Topic
Board Altcoin Discussion
Re: Why people are buying SKY?
by
Bankincoins
on 14/01/2018, 07:33:22 UTC
Because the tech is actually good and original, unlike most of the shit people shill around here.
Post
Topic
Board Altcoin Discussion
Re: Need a coin under $5 that hasn't boomed yet? Take a look at Publica.
by
Bankincoins
on 11/01/2018, 00:19:23 UTC
I don't get it? Need a coin under $5? What do you mean? Ripple is under 5$ and is worth billions. Hundreds of coins are under 5$ and are worth shit. So why it should be under 5$?

Yeah.. So many people seem to think ll cryotos have the same maximum supply, apparently.  The exchanges had a huge run on all "cheap" coins a few weeks back.  
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Topic
Board Mining (Altcoins)
Re: Under the radar Altcoin mining thread. What coins are you getting in early on?
by
Bankincoins
on 07/01/2018, 21:59:08 UTC
Coins I've looked into that seem to have some red flags:

Feel free to argue why i might be wrong on these, I have not completely researched them all.  I tend to be risk averse and avoid coins where the Devs might dump a large share, but still want to get in early.

SPARKS
LUX
Lemanum
MUNcoin
BULWARK






Post
Topic
Board Mining (Altcoins)
Re: Happy New Years! Seventh alt coin thread!
by
Bankincoins
on 07/01/2018, 19:03:07 UTC
Thanks, I guess this topic is just too general for what I'm looking for.  I'll create a more specific thread.
Post
Topic
Board Mining (Altcoins)
Under the radar Altcoin mining thread. What coins are you getting in early on?
by
Bankincoins
on 07/01/2018, 19:01:30 UTC
Please stay on topic and discuss which newish or low difficulty altcoins that have promise.  Let's discuss altcoins we expect to increase in value and maybe even aren't on exchanges yet, and help each other sift through the premined/instamined/scammy coins in the ANN section.  Let's find the next Verge and avoid the next Signatum.

Here are some that haven't hit the what to mine rankings yet but seem reasonably profitable or promising. 

XSH - Shield coin - multi algorithm
ITNS - InstenseCoin - Cryptonight (10% premine)
ORE - Galactrum - Lyra2v2 (3.6% premined)

I'm sure there are more promising projects than those, what have you got?
Post
Topic
Board Mining (Altcoins)
Re: Happy New Years! Seventh alt coin thread!
by
Bankincoins
on 07/01/2018, 18:39:51 UTC
Is this thread actually about altcoin mining?

It's hard to filter through the hardware wallet and mining hardware talk to find people talking about mineable alts.  Am I in the wrong thread here? 
Post
Topic
Board Mining (Altcoins)
Re: graphics cards for mining
by
Bankincoins
on 30/12/2017, 00:08:05 UTC
None of those cards are selling for a good price.  Also, use Google.  This isn't exactly difficult information to find.
Post
Topic
Board Mining (Altcoins)
Re: Any word on amd vega hash rates?
by
Bankincoins
on 29/12/2017, 20:47:58 UTC
Who is buying these things at 800 dollars? At that rate why not go with a 1080 Ti? The Vegas are only amazing at Cryptonight from what I can tell.  Almost a cryptonight ASIC as a mining card...

 Why wouldn't they? A modified vega gets double what a 1080ti can net you in returns. Even if it's cryptonight/ethereum only there are these things called Exchanges where you can then convert to your coin of choice. Not sure if you've heard of them before.
Not anymore my friend. A 1080Ti, albeit overpriced, will now net you more per day than a Vega. If the Vega was priced at MSRP then there would be no contest. But at $800+, there are better choices out there.
You do realize the only reason for that is the sudden pump zclassic/zcash/zcoin/hush have had in the last couple days right?  Once difficulty adjusts Vega will still be better over all. When monero pumped from 140 to 400 vegas we're making 4X+ what anything else made. Guess what the difficulty caught up with moneros price and we're back at old profitably, same will happen with the 1080tis and we'll be back with vega as #1. Btw I have both reg moded vega rigs mining ETN and 1080ti rigs mining Equihash/Lyra2z. Can't even imagine the crazy profitability we'd get per card if ETN makes a price action,  would be insane.

In short the 1080ti can barely keep up with vega with huge price actions XD still no contest.

Except the 1080ti is better at literally everything except cryptonight. It's not even close at all when you look at hash power per Kilowatt used.  How is Vega better overall?  1080ti can chase the crazy prices every week while Vega hopes cryptonight coins stay pumped up. Just like you said, difficulty caught up on the cryptonight coins. 1080ti is more flexible to allow you to mine any algonwith a hot coin.

Honestly asking to see what I'm missing here as I'm trying to decide between them right now.  I'd get a Vega55 if it were 400 dollars but it seems like a tough choice when you're talking 750ish for either 1080ti or Vega56.

I don't get how the Vega is better because monero and sumo and etn have pumped, but the 1080ti isnt better because the equihash coins pumped.  The Vega is awesome for crypto night and I love monero, but what happens when there are more Vegas out there in the hands of miners and are trapped mining cryptonight? Difficulty will skyrocket especially if the profitability of one of the 3 or 4 popular cryptonight coins decreases, will it not?

Today, using last 24 hours profit only, 1080ti has 15 coins over 5 dollars a day profit.  Vega has 4 coins above 5 dollar per day.
Post
Topic
Board Mining (Altcoins)
Re: How much would it cost to build mining rig?
by
Bankincoins
on 28/12/2017, 20:28:23 UTC
Hi bitcointalk, I want to build mining rig but I dont have the slightest idea how will i build one and how much would it cost me. Currently I have $ 2000. Would it suffice to build mining rig?

Yes, $2000 is probably about the average investment in mining equipment. With that amount you could build a nice rig of 4 to 6 cards and the associated support hardware. Much of the choice will come down to which coins you want to mine. Ethereum typically favors AMD and Equihash (Zcash) favors Nvidia, but they both can mine the other algorithm in a pinch.

Typical ETH build:

5 x RX580 8 GB - $310 ea or $1,550 total
1 x mobo with support for 5 or 6 GPUs - ~$120
1 x CPU (Intel G4400) - ~$50
1 x RAM 4 GB - ~ $30
1 x 120 GB SSD - ~$50
5 x PCIe USB risers - $50
1 x 1000 watts PSU - $150

This would put you right at your $2,000 budget. You would also need some type of frame to hold everything so you might need another $50 or so in materials.

A Zcash (Equihash) build would be much the same except you would pick some Nvidia cards such as the 1070's or perhaps the 1060's instead. The 1070's run around $500 so you could run 3 x of them and the 1060's go for $200 for the 3 GB version and $350 for the 6 GB version so you could run 5 or even 6x (if your motherboard supports it).

I also don't agree with your Psu or gpu advice.  Not saying it's bad but I have a different opinion.  If mining Eth why 5x 580s for 310 dollars? I'd rather have 8x 570s at 210 dollars.  Those should be good for another year, and who knows if mining Eth will still be one of the more profitable coins in a year?  8 570s will get you about 224 mHs vs 150 MHs for those 5 580s.

I'd also rather mine Eth with 1070s if I have to pay over 300 dollars for the 580s anyways and wanted DAG size insuranceil into 2019.

I would also get 2 PSUs.  750s or 850 And I'd go evga gq.   It's close in price and you run much more efficiently at 50 to 60 percent of load and allows you to run 8 cards.

Don't buy off eBay either.  They are selling stuff above retail price and you don't get the warranty.

Post
Topic
Board Mining (Altcoins)
Re: Is mining going to die?
by
Bankincoins
on 28/12/2017, 19:51:58 UTC
The "mining is wasteful" talking point is garbage and should be ignored. There are industries that use 100X the energy of mining yet no one complains. The issue is not with mining but with the need to move to more efficient renewable energy sources in general.

This, exactly.

Its unbelievable how many people repeat this stupid argument.
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Topic
Board Mining (Altcoins)
Re: Any word on amd vega hash rates?
by
Bankincoins
on 28/12/2017, 18:43:08 UTC
Who is buying these things at 800 dollars? At that rate why not go with a 1080 Ti? The Vegas are only amazing at Cryptonight from what I can tell.  Almost a cryptonight ASIC as a mining card...

 Why wouldn't they? A modified vega gets double what a 1080ti can net you in returns. Even if it's cryptonight/ethereum only there are these things called Exchanges where you can then convert to your coin of choice. Not sure if you've heard of them before.

Double? Where are you getting that from?

 It's about the same from what I've an tell and the 1080 Ti is much more versatile.

If I could get a Vega at MSRP that would make sense but right now the 1080ti seems like a better choice than an 800 dollar Vega.

Also, of course I know about exchanges.  The point is your profitability is tied to a single algorithm and depends totally on coins with that specific algo being profitable when you swap them.

What to mine actually has the 1080 Ti at 14 dollars a day profit vs the Vega 56 at 10 dollar per day over the past 7 days profitability.