Crypto mining Discussion

[Darth Vader]

As the Title Says We do have Groups for Different Discussion so why not start a group for this Area , will try to discuss and Help each other
any other miners here ?
currently em Doing etherenum Get
Currently Got 2 Rigs Doing
1 gtx 1080 for 20ish MH/s
1 Gtx 1050 Ti 12 Ish MH/s
which is kinda low but currently majority of gpu are out of stick are being sold at much higher costs as the miners are going crazy

Will soon start to Set up atleast 2 mining rigs with with rx and gtx series but Currently Waiting as Etherenum is just taking a hit and going down and seems its going down and people will sell it which makes it will go more down
and there is a news that new gpus are coming for mining so lets see

Now For those Who Dont know How to Mine or trade
em just a newbee Like you guys if any one Knows something which i do Please forgive me and leme know so we can improve together

1st Wallet
Wallet is Your Bank, where you will save your money , trade ,
Wallets have few types ,
Desktop You install Software on your pc only access from main pc you installed in e.g Armory
Mobile as the Name says install it on your Cell Phone e.g Mycelium
Online Dont Download app do most of it online , not that save e.g Bloackchain.info
Hardware Wallets You get devices which are Save But have to Pay
Paper Wallets Papers have Qr Code not that easy You can wash your money away with it not kidding
Exchange Hosted Wallets as the name says but i would stay away keep exchange just for the Trade dont save money there

2 Monitor
Whats happening most trading websites do have Stats where you can monitor bigger coins
https://www.cryptocompare.com/
https://cryptowat.ch/
https://uk.tradingview.com/
https://coinmarketcap.com/

3 Trade
https://new.nicehash.com/
https://changelly.com/


E.g in Crypto Currencies
Bitcoin most Famous,
etherenum Currently Taking Huge Hit , Could Take Risk for Longer Term Bit For now Stay away or good investment time in few hours / days if it goes more down
Ripple is being used by all major banks for there transactions , will but it for some stable performance and fingers crossed will go up

@Path-Finder

 

[Mujahid Memon]

Hi,

Nvidia GPUs are not suitable for ethereum mining. Use AMD Radeon RX series. the best bang for the buck is RX470 4gb version.

You can check ethereum mining profitability calculator here

As ethereum mining difficulty is increasing day by day, the results shown by above mentioned calculator will not remain constant. The more the time passes, the lesser ethereum generation per MH/s.

I would advise you to trade ethereum instead of mining. Mining is not always a good idea. The price of ethereum is currently low (~$218) but it is predicted to touch 700-800$ at the end of this year

 

[CBU-105]

As the Title Says We do have Groups for Different Discussion so why not start a group for this Area , will try to discuss and Help each other
any other miners here ?
currently em Doing etherenum Get
Currently Got 2 Rigs Doing
1 gtx 1080 for 20ish MH/s
1 Gtx 1050 Ti 12 Ish MH/s
which is kinda low but currently majority of gpu are out of stick are being sold at much higher costs as the miners are going crazy

Will soon start to Set up atleast 2 mining rigs with with rx and gtx series but Currently Waiting as Etherenum is just went down today
and there is a news that new gpus are coming for mining so lets see

wreaked havoc on the gaming market, this craze.

some Nvidia AIB partners have new GPU lines with mining specific cards (no i/o ports) coming but not sure if it'll ease the pressure on the gaming market.

so far they're not going for the high end 1080/ti/titan level cards, have you made any money with your setup ?

 

[Darth Vader]

wreaked havoc on the gaming market, this craze.

some Nvidia AIB partners have new GPU lines with mining specific cards (no i/o ports) coming but not sure if it'll ease the pressure on the gaming market.

so far they're not going for the high end 1080/ti/titan level cards, have you made any money with your setup ?

gtx 1080 even ti out of stuck and heck 1070 is now around £ 550 + which was price for 1080

Hi,

Nvidia GPUs are not suitable for ethereum mining. Use AMD Radeon RX series. the best bang for the buck is RX470 4gb version.

You can check ethereum mining profitability calculator here

As ethereum mining difficulty is increasing day by day, the results shown by above mentioned calculator will not remain constant. The more the time passes, the lesser ethereum generation per MH/s.

I would advise you to trade ethereum instead of mining. Mining is not always a good idea. The price of ethereum is currently low (~$218) but it is predicted to touch 700-800$ at the end of this year

yes But Problem is Will you find these if you are lucky you will maybe find fewer nvidia from somewhere else everything is already gone as for Price it took a huge hit in past few days and its price is Really Down

 

[CBU-105]

gtx 1080 even ti out of stuck and heck 1070 is now around £ 550 + which was price for 1080

lets hope it crashes soon and that the market will be flooded with mining stocks so gamers can game again.

also, have you made any money with your single gpu 1080 setup ?

 

[Darth Vader]

lets hope it crashes soon and that the market will be flooded with mining stocks so gamers can game again.

also, have you made any money with your single gpu 1080 setup ?

my 1080 was for gaming ,just started mining last week and wasnt able to use it full time was busy with some other stuff so havnt used it that ordered new gtx 1050ti 3 days back its running full time for mining but Etherenum just Crashed so lets give it few days and see when it comes back
em thinking to switch and instead go for some other coin e.g ubiq or zcash cz when everyone is jumping on this boat better switch since crypto currency itself is a gamble lets see what pays off

And gpu which has been used by a miner for a month is will have more miles on it than used by a casual gamer
only thing is if it breaks while in warranty and you get a new one , or you can buy from amazon and later exchange it

 

[Path-Finder]

As the Title Says We do have Groups for Different Discussion so why not start a group for this Area , will try to discuss and Help each other
any other miners here ?
currently em Doing etherenum Get
Currently Got 2 Rigs Doing
1 gtx 1080 for 20ish MH/s
1 Gtx 1050 Ti 12 Ish MH/s
which is kinda low but currently majority of gpu are out of stick are being sold at much higher costs as the miners are going crazy

Will soon start to Set up atleast 2 mining rigs with with rx and gtx series but Currently Waiting as Etherenum is just went down today
and there is a news that new gpus are coming for mining so lets see

i have a interest in crypto mining like Bitcoin but dont know where to start!!

 

[Darth Vader]

i have a interest in crypto mining like Bitcoin but dont know where to start!!

Better 2 Start With Alt Coin , Some Currencies which are Cheap to get , do bit of Shopping i mean trading , learn how 2 store coins ,
Than For Divide your investments Bitcoin could be long term investment for its really high , you could divide your investment with half of bitcoin and half in altcoin which you think are now going up , and invest in both so even if you lose your altcoin investment you will still have stable investment in bitcoin , and if alt coin goes up you can keep it sell it with profit
but 1st you need to know how trading happens in crypto currencies

 

[Path-Finder]

Better 2 Start With Alt Coin , Some Currencies which are Cheap to get , do bit of Shopping i mean trading , learn how 2 store coins ,
Than For Divide your investments Bitcoin could be long term investment for its really high , you could divide your investment with half of bitcoin and half in altcoin which you think are now going up , and invest in both so even if you lose your altcoin investment you will still have stable investment in bitcoin , and if alt coin goes up you can keep it sell it with profit
but 1st you need to know how trading happens in crypto currencies

how does one get to learn about this, books? internet?

 

[Darth Vader]

how does one get to learn about this, books? internet?

Try YouTube , Google Read and Rest is on your luck
If you Make Few millions , and since i m teaching you make sure you gift me Millions 2 Good Luck
But Make Sure it Keep it low , and trade and learn Gime Few mints Leme Edit 1st Post Will Put all the basics with Videos So Easier For other people to see it 2
will Tag you when its done

 

[Path-Finder]

Try YouTube , Google Read and Rest is on your luck
If you Make Few millions , and since i m teaching you make sure you gift me Millions 2 Good Luck
But Make Sure it Keep it low , and trade and learn Gime Few mints Leme Edit 1st Post Will Put all the basics with Videos So Easier For other people to see it 2
will Tag you when its done

you have got your self a deal.

 

[Darth Vader]

you have got your self a deal.

check the 1st post

 

[Path-Finder]

nVidia or AMD?

 

[-SINAN-]

Guys, i searched a bit but still didn't understand what this bitcoin stuff is...i mean you mine what ? You are getting money for doing what ?

2 Days ago we went to "Vatan Bilgisayar" with boss.(the biggest OEM seller in Ankara)...We were going to buy a new desktop for the office. We were asking for CPUs, Main boards, Graphic Cards....but everything has been sold out. We couldn't find anything....and we were surprised as Vatan Bilgisayar is the biggest store in Ankara, they have huge store and warehouse.

Clerk told us, "Bitcoin guys came a week ago and cleaned the store. One of the bitcoin guy bought hardware equal to $1 Million."

So, we couldn't buy anything. Came to office and researched a bit...but still couldn't understand.

Anyone here can explain ?

 

[CBU-105]

Guys, i searched a bit but still didn't understand what this bitcoin stuff is...i mean you mine what ? You are getting money for doing what ?

2 Days ago we went to "Vatan Bilgisayar" with boss.(the biggest OEM seller in Ankara)...We were going to buy a new desktop for the office. We were asking for CPUs, Main boards, Graphic Cards....but everything has been sold out. We couldn't find anything....and we were surprised as Vatan Bilgisayar is the biggest store in Ankara, they have huge store and warehouse.

Clerk told us, "Bitcoin guys came a week ago and cleaned the store. One of the bitcoin guy bought hardware equal to $1 Million."

So, we couldn't buy anything. Came to office and researched a bit...but still couldn't understand.

Anyone here can explain ?

crypto currency mining, 'ethereum' is the latest craze, prices have gone through the roof since the start of the year.

http://www.cnbc.com/2017/06/12/ethereum-price-hits-record-high-after-bitcoin.html

up 5000% since the start of the year.

Here's the ultra simple version as I understand it. Basically anyone who can put together a computer can get in on it, you plug your computer into a network using regular internet and let it do calculations to 'mine' these 'coins' that are worth real world money. With etherium, it is the graphics processing units that do the bulk of the computing so people are rigging up a bunch of graphics cards are trying to make a buck, stuff like this:

some people are running 'farms' with hundreds of these things:

this craze has caused a severe supply drought in what is traditionally a gaming/pc enthusiast market for these components and prices have skyrocketed for the most popular GPUs.

Basically if you want to build a gaming PC, either spend 700$+ on a real high end card or go entry level, and as supply goes down and prices rise for the best hardware to mine, people are now picking up whatever they can to get a farm/mining rig online. The million $ buyer who bought up everything at your local retailer is probably going for something like the farm pic.

I'm conflicted on it, it's cool that nerds can make money but real gamers are getting shafted pretty badly.