[ANN]ProjectETH+ - pill for ETH|RVN|ETC [Windows|Best results]
by
claytonbat
on 19/11/2020, 07:56:52 UTC
{New project for hashrate up on miners, absolute free, development of the project idea "ETHlargement" for new video card architectures ProjectETH+ release Support Algo: Ethash/KawPow/ProgPow
P.S.: the project is being drowned by competitors, don't trust anyone, check the information yourself
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Topic
BoardGames and rounds
Re: 1000 BTC GIVEAWAY! From your friend rekcahxfb
by
claytonbat
on 04/08/2016, 02:04:40 UTC
1JmgKu8aygwfPUTcm7hJxBU9DSVTXwyKa9
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Topic
BoardHardware
Re: Avalon4 28nm
by
claytonbat
on 20/12/2014, 09:04:25 UTC
Two Avalon 4, wiz 1200W PSU(the only psu I have right now)
Mining is the pool.btcchina.com
Two reasons for not reaching 2Terahash. 1. The internet connection from AUS to CHN is not stable these days due to the under sea cable problems. 2. The PSU in not power enough for to units, as two units are requiring 1360W,but the psu I owned is only 1200w at most.
Some specifications. Hash Rate: 1000 GH/s±10% Power Consumption: 680 Watt at the wall * Power Supply: 12V DC, 51A minimum. 4 PCI-e connectors for +12V DC input Dimensions: 395 mm x 160 mm x 165 mm N.W: 8.5KG Fans: 12038 PWM fan X1. Operating Temperature: 0 °C to 40 °C * with 90% of PSU efficiency
Mining is the process of converting energy into proof-of-work for the purpose of establishing a tamper-resistant historical record in Bitcoin.
While mining rewards miners with transaction fees and freshly created coins, mining is not a magical money making process. In theory, Mining exists in perfect competition, so mining profitably can be difficult or even impossible.
Currently the Bitcoin system releases ~3600 BTC per day and these coins are shared proportionally by the miners according to their relative hashpowers. As overall hashpower increases the return per hashpower decreases. In recent times hashpower has been doubling every month or so.
Many mining companies engage in a practice of selling "pre-orders" thereby shifting the substantial risks of hardware development entirely onto their customers. The practice of preorders also exploits ignorance about the future income mining will yield: People compute their income as if they had the hardware today, when it's not scheduled for delivery until months later...
And then almost every hardware maker has missed their scheduled deadlines. Because of the rapid growth of hashrate a weeks delay can mean the difference between a nice profit and a loss. Many makers have also delivered devices substantially under spec, many others have been outright scams which have failed to deliver anything at all.
Some of the most experienced people in Bitcoin have lost out in these offerings, don't just assume you won't be taken.
Companies which have cost people thousands of coins that they'll never recover are still operating with impunity, fueled by a seemingly never ending wave of people eager to get involved who think that mining is a lower risk way of obtaining coins.
Hosted mining companies with immediately available hashpower often sell it at greater than it's expected value and themselves represent enormous consolidation risks to the Bitcoin ecosystem.
In reality, mining is risky: It's riskier than holding bitcoins because it's comparatively illiquid, and current mining hardware is not really useful for any other applications. These risks are multiplied by the unreliability of hardware companies and the uncertainty of future mining income. Keep in mind: few companies disclose how much hardware they are selling to other people, and many of them roll their profits into buying their own gear at cost and mining in competition with their investor-customers.
That said I enjoy mining and I would not discourage people joining in. Mining is essential to the security of Bitcoin. It's important that mining be widely distributed and especially when people mine using P2Pool it contributes to keeping Bitcoin decentralized and secure.
Just don't rush in thinking you are going to make a ton of riskless money. At current retail prices I doubt most hardware available will break even unless the growth rate slows substantially, which seems unlikely in the near term. I think the exuberance of miners has fueled the irresponsibility in hardware companies and driven more competent and cautious parties out of the market.
It's all our our responsibility to behave sensibly if we want bitcoin to flourish.
Mining is the base of bitcoin industry.
And based on the calculation, mining is still worth investment.