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Showing 20 of 37 results by ManicMiner23
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Board Mining (Altcoins)
Re: Recently started to try HDD Mining
by
ManicMiner23
on 25/03/2018, 09:57:46 UTC
Hello.

What are the profits for hdd mining, is there any profit calculator?

Thanks.

Profits are extremely low at the moment. Unless you have access to cheap hard drives or you already have them, HDD mining isn't profitable much. You can calculate here:
https://explore.burst.cryptoguru.org/tool/calculate

A 8tb HDD makes $4.5 in a month, a 8tb seagate ($150) ROI's itself in 30 months. ROI is way worse than GPU's. But there are some good news too; HDD's are futureproof. HDD development is much slower than GPU development and you don't have to worry about their power consumption. As long as you get them cheap, you can fill your room with them. GPU's have more coins to mine though. That's a weakness for BURST.

If you believe in the project there isn't any reason to get in now.

A good question would be to know if is possible to dual mining gpu + hdd mining, in this case I would find it interesting as I can access some cheap or even free hdd's and it would be an extra profit to add to the gpu mining, if not, for me, does not worth it.
Post
Topic
Board Mining (Altcoins)
Re: Recently started to try HDD Mining
by
ManicMiner23
on 25/03/2018, 07:42:42 UTC
Hello.

What are the profits for hdd mining, is there any profit calculator?

Thanks.
Post
Topic
Board Mining (Altcoins)
Re: GPU mining will die in 2018!
by
ManicMiner23
on 23/03/2018, 06:01:03 UTC
Bitcoin started to be mined with asics on 2013, bitcoin value were at 40$ on march 2013, bitcoin went to 20k on december 2017, a 500x value, so if you say that asics makes a coin value to drop, you can see what happened with bitcoin and see that for bitcoin it was not true that asics were something bad, maybe for gpu miners on 2013 asics were bad news, but not for new asics miners who started a business and not for bitmain, and not for the bitcoin value.

Your logic is so fucked up.

ETH always was a GPU coin yet it managed to be the second big crypto in 2-3 years.

ASICs are thievery, nothing else. What ASIC manufacturers do is, stealing your right to buy a miner. Because when an ASIC manufacturer decides not to sell an ASIC, there is nothing you can do about it. If bitmain, bitfury, halong decide to not sell their HW so they can mine all the coins (bitfury is doing this pretty much btw) what would you think about that? While a GPU/CPU company has to sell their HW to their customers no matter what, ASIC companies can completely ignore this. Fuck ASICs.

Back to the topic.

There are 2 coins which keep GPU mining alive today. ETH and Zcash. If one of them dies, the damage will be huge. Tbh i dont think zcash has the power to carry all the available GPU's. Only Eth can do it and when it switches to PoS ot will be over for us.

Maybe asics are not fair, but, mining coins is not a regulated activity, you don`t need to go to anywhere pay for a license, pass controls, audits, etc, mining hardware manufacturers don`t need to ask for approval or to be lincesed to be able to mine a coin, if there is no regulation, and there is a competition for money, what do you expect?, A business that are capable of developing a miner and take lot of profit mining and selling this miner what is going to do, do you expect that this manufacturer is going to say: no, we are not going to earn millions because is it no fair for gpu miners, wake up, things does not work in this way.

If mining is not a regulated activity and anyone can access if you go to mining it you are doing it at your onw risk, but asic manufacturers are not too much different from us, we are mining for love to the project? or we are mining to earn money? because all the forums are plenty of people talking about profits, so in the end an asic manufacturer and al of us we wnt the same, profit from mining, and profit as much as possible.

If eth promised that they would be asic resistant and asics comes to play, would be a problem of ETH to find how to evolve the algo to make it asic resitant, and if is not possible to mine in the future with gpus due to asics, then miners should to take the decission to retire or to move to asic, as in all other industries.


Post
Topic
Board Mining (Altcoins)
Re: GPU mining will die in 2018!
by
ManicMiner23
on 22/03/2018, 21:24:05 UTC
All asics cause big coin investors know what the hell is going on too and they know they will buy cheap eth and other altcoins, so they sell what they have and then buy back cheaper and then start filling their bags again for the next run, as they know there are asics for eth, now they are investigating the bottom, checking the desperate or idiots who will sell their eth, zec cheap and then will pump these coins 10 times next time. This is pure manipulation but they are only doing it cause they know they can cause asics gave them a reason too. If were not for asics then eth and other altcoins would not have crashed, even bitcoin would not crashed. Probably eth would have been around $3000, bitcoin close to $27k and zec $1200. It happened the same with bitcoin, as soon as asics started mining bitcoin, bitcoin crashed 15 times and then stood at 9 times.

Noobs will say bitcoin crashed because of mt.gox because they dont want to tell the truth. Bitcoin crashed with asics because it was easy money, so it was a run to sell or lose profit cause it was very easy to mine and earn bitcoins.

And most of people ignore this fact

Bitcoin started to be mined with asics on 2013, bitcoin value were at 40$ on march 2013, bitcoin went to 20k on december 2017, a 500x value, so if you say that asics makes a coin value to drop, you can see what happened with bitcoin and see that for bitcoin it was not true that asics were something bad, maybe for gpu miners on 2013 asics were bad news, but not for new asics miners who started a business and not for bitmain, and not for the bitcoin value.
Post
Topic
Board Mining (Altcoins)
Re: GPU mining will die in 2018!
by
ManicMiner23
on 22/03/2018, 12:20:30 UTC
Nvidia locks & encrypts their bios, fuck those guys; AMD FTW. Also last time I tried to buy Nvidia GPUs to build a test rig and try them out nvidia reps called the store and told them not to sell me any nvidia GPUs; so really fuck that company.

These guys has increased the marketshare to almost 70%, and has a 6.91 billions $ revenue. But yes, they don`t know what they are doing.


You seem to misunderstand my post, i'm claiming they're assholes.

I think this is starting to have notghing to do with the topic, just to explain what I want to say,  a company like nvidia deserves some respect, as they are selling every gpu they produce, and this means millions per year,  and they are increasing profits Quarter after Quarter, If you don`t like nvidia products or their policy about nvidia bios , well theres an easy solution, just don`t buy it, you can buy amd products.



Post
Topic
Board Mining (Altcoins)
Re: GPU mining will die in 2018!
by
ManicMiner23
on 22/03/2018, 11:51:32 UTC
Nvidia locks & encrypts their bios, fuck those guys; AMD FTW. Also last time I tried to buy Nvidia GPUs to build a test rig and try them out nvidia reps called the store and told them not to sell me any nvidia GPUs; so really fuck that company.

These guys has increased the marketshare to almost 70%, and has a 6.91 billions $ revenue. But yes, they don`t know what they are doing.
Post
Topic
Board Mining (Altcoins)
Re: Do you think bitmain is secretly mining ETH with ASICs?
by
ManicMiner23
on 22/03/2018, 11:45:49 UTC
Doing some research I've found that is estiamted that 3 million gpu's were sold to miners just in 2017, according to this information:

https://wccftech.com/amd-nvidia-intel-q4-2017-gpu-market-share/

and this just in 2017, in addition nvidia miners in the past has other algos that it was more efficient than eth, but in 2018 most of the time eth were the more profitable algo (I'm speakin about most known algos).

So maybe all the hashpower entering the eth network is not just asics.

Post
Topic
Board Mining (Altcoins)
Re: Do you think bitmain is secretly mining ETH with ASICs?
by
ManicMiner23
on 21/03/2018, 14:26:54 UTC
And why not nvidia or amd, nvidia new generation seems to be delayed for ever, what is doing nvidia?, as you can imangine nvidia like apple or other major hardware manufacturers usually plan the development and the deadline to launch a product some years before the product is launched.

Nvidia and AMD could be doing the same as bitmain is doing if they find that mining is so profitable, can you imagine the R&D department of Nvidia working to develop the fastest and more efficient gpu miner based on their techonology?, I don`t know if what they would develop would be as efficient as an asic, but sure it would be close to, with everything optimized to mine,optimized drivers and optimized cooling.  I know, I have not any proof,is just a theory, but why not?

Post
Topic
Board Mining (Altcoins)
Re: GPU mining will die in 2018!
by
ManicMiner23
on 21/03/2018, 12:46:57 UTC
Your reply has NOTHING to do with the argument.
I am simply saying that any coin, including ETH is dependent on BTC. But you have a another argument and I will feed you...

My reply had everything to do with the argument as I implied btc at moment still leading the market but not for long as I pointed code wise btc has not made any advances since 2008 whereas eth have since its release which was  about 3 years ago, yes eth still behind btc cause it started recently the mass adoption of the services within the network.

I will quote this ""What you're seeing with ethereum is exponential increase in the number of projects — there are billions of dollars being poured into the ecosystem right now — maybe 10 times more projects this year than last year, which could easily lead to a doubling, probably a tripling in price by the end of the year,".

https://www.c[Suspicious link removed]m/2018/01/08/ethereums-co-creator-predicts-a-flippening-with-bitcoin-in-2018.html

You people have no idea what is going on behind the curtains so you should watch yourselves carefully. Bitcoin is old, decrypt and the only good thing it has is its name.



Hello Metroid, I agree with you that there are an increasing number of projects based on eth, and also the plans to develop the eth network to be capable of process 1million transactions per second makes eth project and the ecosystem very interesting, and a project with a bright future.

This fact could lead to an increas in the value of eth, if the supply of eth won`t be increasing, but seems that the mining power is growing day after day and with the new nvidia generation and the x-file supposed "secret asic miners" this could means that the increased demand for eth is covered with all the growing mining power added to the eth network, if just a theory, I have not the numbers, but we need to take in account this factor also when making predicitions about future eth value.

I wan`t to say that I'm also investing in eth, but I'm trying to figure out why eth is underperforming in 2018 compared to other altcoins or compared to btc.



It's underperforming, because BTC is and will always be the Big brother in this race. Everything is still compared to BTC..

But eth is underperforming not just against BTC, is against some other altcoins, ETC, Ripple, for example. as you can see:

https://bittrex.com/Market/Index?MarketName=ETH-XRP

Post
Topic
Board Mining (Altcoins)
Re: GPU mining will die in 2018!
by
ManicMiner23
on 21/03/2018, 10:59:20 UTC
Your reply has NOTHING to do with the argument.
I am simply saying that any coin, including ETH is dependent on BTC. But you have a another argument and I will feed you...

My reply had everything to do with the argument as I implied btc at moment still leading the market but not for long as I pointed code wise btc has not made any advances since 2008 whereas eth have since its release which was  about 3 years ago, yes eth still behind btc cause it started recently the mass adoption of the services within the network.

I will quote this ""What you're seeing with ethereum is exponential increase in the number of projects — there are billions of dollars being poured into the ecosystem right now — maybe 10 times more projects this year than last year, which could easily lead to a doubling, probably a tripling in price by the end of the year,".

https://www.c[Suspicious link removed]m/2018/01/08/ethereums-co-creator-predicts-a-flippening-with-bitcoin-in-2018.html

You people have no idea what is going on behind the curtains so you should watch yourselves carefully. Bitcoin is old, decrypt and the only good thing it has is its name.

Hello Metroid, I agree with you that there are an increasing number of projects based on eth, and also the plans to develop the eth network to be capable of process 1million transactions per second makes eth project and the ecosystem very interesting, and a project with a bright future.

This fact could lead to an increas in the value of eth, if the supply of eth won`t be increasing, but seems that the mining power is growing day after day and with the new nvidia generation and the x-file supposed "secret asic miners" this could means that the increased demand for eth is covered with all the growing mining power added to the eth network, if just a theory, I have not the numbers, but we need to take in account this factor also when making predicitions about future eth value.

I wan`t to say that I'm also investing in eth, but I'm trying to figure out why eth is underperforming in 2018 compared to other altcoins or compared to btc.

Post
Topic
Board Mining (Altcoins)
Re: GPU mining will die in 2018!
by
ManicMiner23
on 20/03/2018, 18:08:46 UTC
Of course, because every alt is based off BTC price. If BTC goes to $0 so does every single coin. Until the system changes that is how it will be.

You wrong about that, eth will take the lead in 1 to 3 years, i do not think is time for that yet, but it will be a time where eth will be top cause is a much more complete digitalcoin than anything in the market right now.

Maybe, but in the last 3 months eth/btc ratio dropped from 0.1 to 0.6. Since yeterday altcoins are rallying, but eth seems a poor performer, even etc is outperforming eth, so the value of eth in comparisson to other altcoins is on a downtrend, not the first time this happens, but at his moment eth seems to be weak and that money is betting on other altcoins
Post
Topic
Board Mining (Altcoins)
Re: PoW not ecological. I'm writing a new algorithm.
by
ManicMiner23
on 20/03/2018, 06:20:23 UTC
You can develop a "green" algo, but miners are not going to move to a "green" algo massively, miners are going to move just to the most profitable algo.

But anyway, good luck.
Post
Topic
Board Mining (Altcoins)
Re: GPU mining will die in 2018!
by
ManicMiner23
on 19/03/2018, 17:28:14 UTC
Maybe GPU mining will die in 2018 . . . but today the altcoins seem to have a new hope and most altcoins born again like a phoenix from its ashes.

So maybe GPU mining will die in 2018 . . . but not yet.
Post
Topic
Board Mining (Altcoins)
Re: GPU mining will die in 2018!
by
ManicMiner23
on 19/03/2018, 09:30:43 UTC
Also mining solo or in smallish pools on bigger coins is very fun. Its like the lottery.

I buy coins too, don't get me wrong. I have bought way more coins than I mined. But mining, playing with computers and tech is fun.

Interested to see what the next card will be too. Could be a game changer.



Yep, I agree with this. It is fun and it can be usefull for increasing tech skills in some fields.

I totatlly agree. For sone people is just not profits, its also fun.
Post
Topic
Board Mining (Altcoins)
Re: Mining , still worth it?
by
ManicMiner23
on 18/03/2018, 11:40:29 UTC
funny i think eth will have a huge pump to $1500 very soon.

I will pray for your prediction to become real, but . . . when people make predictions about future value of eth, is there any information, maket analisys?, any future event that will lead to the value of eth to rally and multiply its current value x3?

Thanks.
Post
Topic
Board Mining (Altcoins)
Re: Is your local Craigslist / Kijiji flooded with GPUs ?
by
ManicMiner23
on 18/03/2018, 11:37:22 UTC
10 month roit is nor a problem, if is 10 month at the end, most investors will be more than happy to find investments with 10 or 12 months roi, the only problem is that 2 monts ago it was 5 month roi, some weeks ago went to10 month, and if the markets continue going down will be 24 or more months, and maybe after 12-18 months is it not clear if the current generation of gpus will be producing any profit and the resell value that gpus will have.
Post
Topic
Board Altcoin Discussion
Re: How to get fast rich in crypto world.
by
ManicMiner23
on 18/03/2018, 08:03:48 UTC
Hello Old.

I don`t know if someone has told this before, but there's a golden rule for all the investments:

More profits = More risk.

1000% profits = Risk to lose all your money

1% profit on a bank deposit = 0.0001% you will los your money.

Theres no a magic investment with low risk and high profits.

Post
Topic
Board Altcoin Discussion
Re: Is deep over or it is just the beginning of the end?
by
ManicMiner23
on 18/03/2018, 06:17:09 UTC
If you look at the monthly charts we can see that btc is at key level, if the support of 6k fails, and the sma cross of death is confirmed btc can go down to 1k, we've senn in the past hundred of times, in the stock market, forex market and other markets, a stock rallies for some weeks, then all the movement returns to the exact point where it started.

If the movement is going to continue btc should rally again from 6k and could be moving between 6k-12k for some months, but, the energy consumption concern, the regulation, and some kind of bad reputation, and some security issues seems that are not going to help btc to come back to the 20k.

From my point of view, at thecnical point, there's not signals in the chart that btc is going to stop the selloff and going up again, lets see waht happen with the 6k support.
Post
Topic
Board Mining (Altcoins)
Re: Is your local Craigslist / Kijiji flooded with GPUs ?
by
ManicMiner23
on 18/03/2018, 05:04:20 UTC
The real problem of a 10 month roi is that no one knows what will happen with the prices of btc, eth, xmr or any other coin, maybe in 3 months the prices start to rally again and the roi goes from 10 month to 3 months, or maybe the market continues to selloff cryptocoins and the roi goes to no roi because our rigs does not produce any profit.

So when calculating roi seems people is thinking the current prices are going to be stable, and I think this won`t happen, so is not possible to know the real roi of an investment in a gpu mining rig.

Post
Topic
Board Mining (Altcoins)
Re: Nvidia Dedicated Mining GPU to Be Launched
by
ManicMiner23
on 17/03/2018, 16:01:17 UTC
At current prices and with the prediction that prices will continue going down, If the new p-1xx is not going to produce 200 or 300% more hashrate than a 10xx series for the same price are not going to be profitable and I don`t know who is going to buy it if you are not buying it in a country with cheap prices and cheap electricity.