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Showing 3 of 3 results by dalegod
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Board Beginners & Help
Re: will the bitcoin reach $1000 one day...?
by
dalegod
on 02/07/2013, 19:49:53 UTC
The problem with bitcoin currently is the fact that it has very limited use. Almost anything you can buy with bitcoin can be paid with fiat currency (it's cheaper too), and the only real use for bitcoin is purchasing illegal goods and services. The bitcoin economy needs more goods and service providers to make sense for people to convert their fiat to bitcoin. Also, a major use for bitcoin is to invest it to make more bitcoin, but without things to purchase it will lead to falling valuation. I fear the price will continue to fall until there is a crisis similar to Cyprus or some other event which creates public awareness.


As you pointed out yourself, it is more expensive to buy anything with bitcoins that just buying it with euros.
Bitcoin can provide anonymity, but it will always be more expensive to pay something with bitcoins. Indeed, you have to pay fees to exchanges (banks, mt.gox, bitinstant or whoever....).

From my limited use of Bitcoin thus far, I would say the leading advantage it has is the ease with which value can be transmitted anywhere in the world without a central authority.  The few times I've paid for something it's been incredibly convenient.  I don't have a lot of opportunities to do this, and also, the incentive to convert my cash to BTC is not very good since I lose a little on the transaction, as naphto pointed out.  But if I have to get value overseas or to the next town Bitcoin is potentially the best option--like cash, but I don't need to meet anyone face to face.  So in this case, it is far easier to buy something with BTC instead of USD or EUR.

So, I agree with the posts I quote above--as the use of BTC grows so will the demand and so will the price.  If use diminishes so too will the price.  I would frankly use Bitcoin for the pure joy of knowing that I pay no fees to VISA or any of the financial/banking industry.  Rock-solid philosophical foundation: open-source, peer-to-peer + real-world utility = potential to thrive.  All in my humble opinion; I wouldn't trust me to predict the future!

Be that as it may, if Bitcoin doesn't hit $1000 in the next decade, I would assume it'll be because a much better alternative will emerge or civilization will collapse; the latter probably being more possible.  It's all a gamble!
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Topic
Board Mining (Altcoins)
Re: Motherboard of choice for 6 or more GPU's
by
dalegod
on 02/07/2013, 16:54:19 UTC
I have 6 cards per rig, 3 of them on powered risers... two rigs... 3 Seasonic 1250 Watt gold power supplies.  Each power supply powers 4 cards.

I have the Gigabyte 990FXA-UD5 and the MSI 990FXA-GD80 and they both can handle 6 GPU's I believe (still waiting on 1x risers to arrive).  It looked like they had been out for awhile so I didnt know if there was anything better on the market that most people were using or not.

Hey I have the GA-990FXA-UD5 and do you have to short one of the slots to get the 6th working?

I'm curious what kind of luck you have had getting six cards to run on this mobo.  I have two of these going each with five cards.  Four of the cards are on the 16x PCIe slots and one is on a 1x PCIe slot.  When I built the rigs I couldn't get the second 1x PCIe to work.  Just curious if you had luck maxing out the PCIe's on the GA-990FXA-UD5.

(My friend was surprised I got Gigabyte motherboards to work at all!  They don't always reboot correctly on the first try--could be the cheap SSD or anything else though--I'm no expert!)
Post
Topic
Board Beginners & Help
Re: Mining Motherboard Question
by
dalegod
on 01/07/2013, 20:16:56 UTC
I'm fairly confident that the bandwidth of the PCIe interface is not important for mining.  I am currently using a PCIe x1 to x16 riser in each of my two miners and have not had any problems.  The other cards are on x16 to x16 risers and all seems to be well.  I have not done thorough testing though, and I have not been able to get GPUs running on both of the two x1 PCIe slots on each board.

In theory your board should work just fine, but I have no experience with it.  Worth a try as you found it laying around!