bitcoin mining rig eBay

Is it worth it to buy 3K mining rig on ebay? /r/Bitcoin

Is it worth it to buy 3K mining rig on ebay? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Mining bitcoin in college (free electricity!)

I am working with a friend to set up a bitcoin mining rig our university. I'm a business major, but my friend is in engineering and has unlimited free access to a 220v power supply. Would it be worth buying 100 AntMiner S9's on eBay and making our own rig?
The math breaks down as follows according to https://www.cryptocompare.com/mining/calculatobtc?HashingPower=1350&HashingUnit=TH%2Fs&PowerConsumption=137500&CostPerkWh=0&MiningPoolFee=1
1350 TH/s hashrate (with 100 S9s at 13.5 TH/s for each unit)
Electricity cost is zero.
Predicted payout is $3,390/month.
Am I missing something? It seems too good to be true, making 4k/month with only 10k up front.

EDIT: Assume the rig was well hidden and not discovered for a few years.
submitted by josiahkitching to Bitcoin [link] [comments]

I literally have tens of thousands of dollars in top-shelf hardware, looking to repurpose some before selling on eBay to build a NAS system, possibly a dedicated firewall device as well. o_O

Q1) What will you be doing with this PC? Be as specific as possible, and include specific games or programs you will be using.**

A1) This will be a dedicated NAS system for my home network. As such, I'm looking to have it:

- Host ##TB's of 720, 1080 & up resolution Movies and TV Shows I'm about to begin ripping from a MASSIVE DVD & Blueray collection I have.

- My kids are big on Minecraft. I understand it's possible to host your own "worlds" (or whatever they call the maps you can build) on your own "server". I think it would be pretty neat to offer them (& their friends - if can be done 'safely/securely') their own partition on one of my NAS HDD's.

- I also have accounts with a couple diff VPN companies... I understand it's possible (?) to sync said VPN's with a NAS, this might be a more relative topic on the next point/purpose...

- I'd like to be able to remotely link to this NAS for when I travel overseas and want to stream at my temp location from my house/this NAS.
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Q2) What is your maximum budget before rebates/shipping/taxes?**

* A2) Here's where I make matters more complicated than most others would... I've been an advocate for Bitcoin and crypto-currencies in general since 2013. I invested in a small mining outfit back in 2014 (strictly Bitcoin/ASIC's). One of my buddies is the President of a large-scale mining operation (foreign and domestic) and he convinced me to dabble in the GPU mining-space. I made my first hardware purchase in Q4, 2017 and launched a small-scale GPU-Farm in my house since then. I had the rigs mining up until Q3 of 2018 (not cost-efficient to keep on, especially living in SoFlo) and since then, the hardware's been collecting dust (& pissing off my family members since they lost access to 3X rooms in the house - I won't let anyone go near my gear). One of my New Years Resolutions for 2019 was to clear out the house of all my mining equipment so that's all about to go up on eBay. So "budget" is relative to whatever I "MUST" spend if I can't repurpose any of the parts I already have on hand for this build... (Anyone having something I "need" and is looking to barter for one of the items I'll list later on in here, LMK).
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Q3) When do you plan on building/buying the PC? Note: beyond a week or two from today means any build you receive will be out of date when you want to buy.**

A3) IMMEDIATELY! :)
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Q4) What, exactly, do you need included in the budget? (ToweOS/monitokeyboard/mouse/etc\)**

A4) Well I had a half-assed idea approximately 1 year ago that it might be wise to build a bunch of 'gaming rigs' to sell on eBay with my intended repurposed mining hardware so I went on a shopping spree for like 6 months. That said; I've got a plethora of various other components that aren't even unboxed yet. 90% of the items I've purchased for this additional project were items that were marked down via MIR (mail-in-rebates) & what-not...
AFAIK, there are only 3X items I absolutely do not have which I 'MUST' find. Those would be - 1) Motherboard which accepts "ECC RAM". 2) CPU for said MOBO. 3) Said "ECC RAM".\* 
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Q5) Which country (and state/province) will you be purchasing the parts in? If you're in US, do you have access to a Microcenter location?**

A5) I'm located in Southwest Florida. No Microcenter's here. Best Buy is pretty much my only option although I am a member of Newegg, Amazon & Costco if that makes any difference?
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Q6) If reusing any parts (including monitor(s)/keyboard/mouse/etc), what parts will you be reusing? Brands and models are appreciated.**

A6) In an attempt to better clean up this Q&A, I'm going to list the items I have on-hand at the end of this questionnaire in-case passers-by feel like this might be a TLDR.* (Scroll to the bottom & you'll see what I mean).
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Q7) Will you be overclocking? If yes, are you interested in overclocking right away, or down the line? CPU and/or GPU?**

A7) I don't think that's necessary for my intended purpose although - I'm not against it if that helps & FWIW, I'm pretty skilled @ this task already (it's not rocket science).
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Q8) Are there any specific features or items you want/need in the build? (ex: SSD, large amount of storage or a RAID setup, CUDA or OpenCL support, etc)**

A8) As stated in A4; ECC RAM is non-negotiable... RAID seems like a logical application here as well.

- This will predominantly be receiving commands from MacOS computers. I don't think that matters really but figured it couldn't hurt to let you guys know.\*

- I'd also be quite fond of implementing "PFSENSE" (or something of that caliber) applied to this system so I could give my Netgear Nighthawks less stress in that arena, plus my limited understanding of PFSENSE is that it's ability to act as a firewall runs circles around anything that comes with consumer-grade Wi-Fi routers (like my Nighthawks). Just the same, I'm open to building a second rig just for the firewall.\*

- Another desirable feature would be that it draws as little electricity from the wall as possible. (I'm EXTREMELY skilled in this arena. I have "Kill-A-Watts" to test/gauge on, as well as an intimate understanding of the differences between Silver, Gold, Platinum and Titanium rated PSU's. As well as having already measured each of the PSU's I have on-hand and taken note of the 'target TDP draw' ("Peak Power Efficiency Draw") each one offers when primed with X amount of GPU's when I used them for their original purpose.\*

- Last, but not least, sound (as in noise created from the rig). I'd like to prop this device up on my entertainment center in the living room. I've (almost) all of the top-shelf consumer grade products one could dream of regarding fans and other thermal-related artifacts.

- Almost forgot; this will be hosting to devices on the KODI platform (unless you guys have better alternative suggestions?)
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Q9) Do you have any specific case preferences (Size like ITX/microATX/mid-towefull-tower, styles, colors, window or not, LED lighting, etc), or a particular color theme preference for the components?**

A9) Definitely! Desired theme would be WHITE. If that doesn't work for whatever reason, black or gray would suffice. Regarding "Case Size". Nah, that's not too important although I don't foresee a mini-ITX build making sense if I'm going to be cramming double digit amounts of TB in the system, Internal HDD's sounds better than a bunch of externals plugged in all the USB ports.
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Q10) Do you need a copy of Windows included in the budget? If you do need one included, do you have a preference?**

A10) I don't know. If I do need a copy of Windows, I don't have one so that's something I'll have to consider I guess. I doubt that's a necessity though.
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**Extra info or particulars:*\*

AND NOW TO THE FUN-STUFF... Here's a list of everything (PARTS PARTS PARTS) I have on-hand and ready to deploy into the wild &/or negotiate a trade/barter with:

CASES -
Corsair Carbide Series Air 540 Arctic White (Model# Crypto-Currency-9011048-WW) - (Probably my top pick for this build).
Cooler Master HAF XB EVO (This is probably my top 1st or 2nd pick for this build, the thing is a monster!).
Cooler Master Elite 130 - Mini ITX - Black
Cooler Master MasterBox 5 MID-Tower - Black & White
Raidmax Sigma-TWS - ATX - White
MasterBox Lite 5 - ATX - Black w/ diff. Colored accent attachments (included with purchase)
NZXT S340 Elite Matte White Steel/Tempered Glass Edition
EVGA DG-76 Alpine White - Mid Tower w/ window
EVGA DG-73 Black - Mid Tower w/ window (I have like 3 of these)

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CPU's -
***7TH GEN OR BELOW INTEL's ("Code Name Class mentioned next to each one)**\*
Pentium G4400 (Skylake @54W TDP) - Intel ARK states is "ECC CAPABLE"
Celeron G3930 (Kaby Lake @ 51W TDP) - Intel ARK states is "ECC CAPABLE" :)
i5 6402P (Skylake @65W TDP) - Intel ARK states is "NOT ECC CAPABLE" :(
i5 6600k (Skylake @ 91W TDP) - Intel ARK states is "NOT ECC CAPABLE" :(
i7 6700 (Skylake @ 65W TDP) - Intel ARK states is "NOT ECC CAPABLE" :(
i7 7700k (Kaby Lake @ 95W TDP) - Intel ARK states is "NOT ECC CAPABLE" :(


***8TH GEN INTEL's **\*
i3-8350K (Coffee Lake @91W TDP) - Intel ARK states is "ECC FRIENDLY" :)
I5-8600K (Coffee Lake @95W TDP) - Intel ARK states is "NOT ECC CAPABLE" :(


***AMD RYZEN's **\*
Ryzen 3 2200G
Ryzen 5 1600
Ryzen 7 1700X

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MOTHERBOARDS -

***7TH GEN AND BELOW INTEL BASED MOBO'S - **\*
MSI Z170A-SLI
ASUS PRIME Z270-A
ASUS PRIME Z270-P
ASUS PRIME Z270-K
EVGA Z270 Stinger
GIGABYTE GA-Z270XP-SLI
MSI B150M ARCTIC
MSI B250M MICRO ATX (PRO OPT. BOOST EDITION)

***8TH GEN INTEL BASED MOBO'S - **\*
EVGA Z370 FTW
GIGABYTE Z370XP SLI (Rev. 1.0)
MSI Z370 SLI PLUS


***AMD RYZEN BASED MOBO'S - **\*
ASUS ROG STRIX B350-F GAMING
MSI B350 TOMAHAWK
MSI X370 GAMING PRO
ASROCK AB350M PRO4
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RAM -

Way too many to list, nothing but 4 & 8GB DDR4 sticks and unfortunately, none are ECC so it's not even worth mentioning/listing these unless someone reading this is willing to barter. At which time I'd be obliged to send an itemized list or see if I have what they're/you're specifically looking for.\*
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THERMAL APPLICATIONS/FANS -
JUST FANS -
BeQuiet -
Pure Wings 2 (80mm)
Pure Wings 2 (120mm)
Pure Wings 2 (140mm)
Silent Wings 3 PWM (120mm)

NOCTUA -
PoopBrown - NF-A20 PWM (200mm) Specifically for the BIG "CoolerMaster HAF XB EVO" Case
GREY - NF-P12 Redux - 1700RPM (120mm) PWM
Corsair -
Air Series AF120LED (120mm)

CPU COOLING SYSTEMS -
NOCTUA -
NT-HH 1.4ml Thermal Compound
NH-D15 6 Heatpipe system (this thing is the tits)

EVGA (Extremely crappy coding in the software here, I'm like 99.99% these will be problematic if I were to try and use in any OS outside of Windows, because they barely ever work in the intended Windows as it is).
CLC 240 (240mm Water-cooled system
CRYORIG -
Cryorig C7 Cu (Low-Profile Copper Edition*)

A few other oversized CPU cooling systems I forget off the top of my head but a CPU cooler is a CPU cooler after comparing to the previous 3 models I mentioned.
I almost exclusively am using these amazing "Innovation Cooling Graphite Thermal Pads" as an alternative to thermal paste for my CPU's. They're not cheap but they literally last forever.

NZXT - Sentry Mesh Fan Controller
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POWER SUPPLIES (PSU's) -
BeQuiet 550W Straight Power 11 (GOLD)

EVGA -
750P2 (750W, Platinum)
850P2 (850W, Platinum)
750T2 (750W, TITANIUM - yeah baby, yeah)

ROSEWILL -
Quark 750W Platinum
Quark 650W Platinum

SEASONIC -
Focus 750W Platinum
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STORAGE -
HGST Ultrastar 3TB - 64mb Cache - 7200RPM Sata III (3.5)
4X Samsung 860 EVO 500GB SSD's
2X Team Group L5 LITE 3D 2.5" SSD's 480GB
2X WD 10TB Essential EXT (I'm cool with shucking)
+ 6X various other external HDD's (from 4-8TB) - (Seagate, WD & G-Drives)
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Other accessories worth mentioning -
PCI-E to 4X USB hub-adapter (I have a dozen or so of these - might not be sufficient enough &/or needed but again, 'worth mentioning' in case I somehow ever run out of SATA & USB ports and have extra external USB HDD's. Although, I'm sure there would be better suited components if I get to that point that probably won't cost all that much).
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Needless to say, I have at least 1X of everything mentioned above. In most all cases, I have multiples of these items but obviously won't be needing 2X CPU's, Cases, etc...

Naturally, I have GPU's. Specifically;

At least 1X of every. Single. NVIDIA GTX 1070 TI (Yes, I have every variation of the 1070 ti made by MSI, EVGA and Zotac. The only brand I don't have is the Gigabyte line. My partners have terrible experience with those so I didn't even bother. I'm clearly not going to be needing a GPU for this build but again, I'm cool with discussing the idea of a barter if anyone reading this is in the market for one.

I also have some GTX 1080 TI's but those are already spoken for, sorry.

It's my understanding that select CPU's I have on this list are ECC Friendly and AFAIK, only 1 of my MOBO's claims to be ECC Friendly (The ASROCK AB350M PRO4), but for the life of me, I can't find any corresponding forums that confirm this and/or direct me to a listing where I can buy compatible RAM. Just the same, if I go w/ the ASROCK MOBO, that means I'd be using one of the Ryzens. Those are DEF. power hungry little buggers. Not a deal-breaker, just hoping to find something a little more conservative in terms of TDP.


In closing, I don't really need someone to hold my hand with the build part as much as figuring out which motherboard, CPU and RAM to get. Then I'm DEFINITELY going to need some guidance on what OS is best for my desired purpose. If building 2X Rigs makes sense, I'm totally open to that as well...
Rig 1 = EPIC NAS SYSTEM
Rig 2 = EPIC PFSENSE (or the like) DEDICATED FIREWALL

Oh, I almost forgot... The current routers I'm using are...
1X Netgear Nighthawk 6900P (Modem + Router)
1X Netgear Nighthawk X6S (AC 4000 I believe - Router dedicated towards my personal devices - no IoT &/or Guests allowed on this one)
1X TP-Link Archer C5 (Router). Total overkill after implementing the Nighthawks but this old beast somehow has the best range, plus it has 2X USB ports so for now, it's dedicated towards my IoT devices.
---- I also have a few other Wi-Fi routers (Apple Airport Extreme & some inferior Netgear's but I can only allocate so many WiFi Routers to so many WiFi channels w/out pissing off my neighbors) On that note, I have managed to convince my neighbors to let me in their house/WiFi configuration so we all have our hardware locked on specific, non-competing frequencies/channels so everyone's happy. :)


Please spare me the insults as I insulted myself throughout this entire venture. Part of why I did this was because when I was a kid, I used to fantasize about building a 'DREAM PC' but could never afford such. To compensate for this deficiency, I would actually print out the latest and greatest hardware components on a word document, print the lists up & tape to wall (for motivation). I was C++ certified at the age of 14 and built my first PC when I was 7. At the age of 15 I abandoned all hope in the sector and moved on to other aspirations. This entire ordeal was largely based off me finally fulfilling a childhood fantasy. On that note = mission accomplished. Now if I'm actually able to fulfill my desires on this post, I'm definitely going to feel less shitty about blowing so much money on all this stuff over the last couple years.

TIA for assisting in any way possible. Gotta love the internets!


THE END.
:)

EDIT/UPDATE (5 hours after OP) - My inbox is being inundated with various people asking for prices and other reasonable questions about my hardware being up for sale. Not to be redundant but rather to expound on my previous remarks about 'being interested in a bartetrade' with any of you here...

I did say I was going to sell my gear on eBay in the near future, I also said I wanted to trade/barter for anything relative to helping me accomplish my OP's mission(s). I'm not desperate for the $$$ but I'm also not one of those people that likes to rip other people off. That said; I value my time and money invested in this hardware and I'm only willing to unload it all once I've established I have ZERO need for any of it here in my home first. Hence my writing this lengthy thread in an attempt to repurpose at least a grand or two I've already spent.

One of the most commonly asked questions I anticipate receiving from interested bodies is going to be "How hard were you on your hardware?" Contrary to what anyone else would have probably done in my scenario which is say they were light on it whether they were or weren't, I documented my handling of the hardware, and have no problem sharing such documentation with verified, interested buyers (WHEN THE TIME COMES) to offer you guys peace of mind.

I have photo's and video's of the venture from A-Z. I am also obliged to provide (redacted) electricity bill statements where you can correlate my photo's (power draw on each rig), and also accurately deduct the excess power my house consumed with our other household appliances. Even taking into consideration how much (more) I spent in electricity from keeping my house at a constant, cool 70-72F year-round (via my Nest thermostat). Even without the rigs, I keep my AC @ 70 when I'm home and for the last 1.5-2 years, I just so happened to spend 85% of my time here at my house. When I would travel, I'd keep it at 72 for my wife & kids.
Additionally; I had each GPU 'custom' oveunderclocke'd (MSI Afterburner for all GPU's but the EVGA's).*
I doubt everyone reading this is aware so this is for those that don't.... EVGA had the brilliant idea of implementing what they call "ICX technology" in their latest NVIDIA GTX GPU's. The short(est) explanation of this "feature" goes as follows:

EVGA GPU's w/ "ICX 9 & above" have EXTRA HEAT/THERMAL SENSORS. Unlike every other GTX 1070 ti on the market, the one's with this feature actually have each of 2/2 on-board fans connected to individual thermal sensors. Which means - if you were to use the MSI Afterburner program on one of these EVGA's and create a custom fan curve for it, you'd only be able to get 1/2 of the fans to function the way intended. The other fan simply would not engage as the MSI Afterburner software wasn't designed/coded to recognize/ communicate with an added sensor (let alone sensor'S). This, in-turn, would likely result in whoever's using it the unintended way having a GPU defect on them within the first few months I'd imagine... Perhaps if they had the TDP power settings dumbed down as much as I did (60-63%), they might get a year or two out of it since it wouldn't run as near as hot, but I doubt any longer than that since cutting off 50% of the cooling system on one of these can't be ignored too long, surely capacitors would start to blow and who knows what else...
(Warning = RANT) Another interesting side-note about the EVGA's and their "Precision-X" OveUnderclocking software is that it's designed to only recognize 4X GPU's on a single system. For miners, that's just not cool. My favorite builds had 8X and for the motherboards that weren't capable of maintaining stable sessions on 8, I set up with 6X. Only my EVGA Rigs had 3 or 4X GPU's dedicated to a single motherboard. Furthermore, and as stated in an earlier paragraph, (& this is just my opinion) = EVGA SOFTWARE SUCKS! Precision X wasn't friendly with every motherboard/CPU I threw at it and their extension software for the CLC Close-Loop-Cooling/ CPU water-coolers simply didn't work on anything, even integrating into their own Precision-X software. The amount of time it took me to finally find compatible matches with that stuff was beyond maddening. (END RANT).
Which leads me to my other comments on the matter. That's what I had every single 1070 ti set at for TDP = 60-63%. Dropping the power load that much allowed me to bring down (on average) each 1070 ti to a constant 110-115W (mind you, this is only possible w/ "Titanium" rated PSU's, Platinum comes pretty damn close to the Titanium though) while mining Ethereum and was still able to maintain a bottom of 30 MH/s and a ceiling of 32 MH/s. Increasing the TDP to 80, 90, 100% or more only increased my hashrates (yields) negligibly, like 35-36 MH/s TOPS, which also meant each one was not only pulling 160-180W+ (Vs. the aforementioned 115'ish range), it also meant my rigs were creating a significantly greater amount of heat! Fortunately for the GPU's and my own personal habits, I live in South Florida where it's hot as balls typically, last winter was nothing like this one. Increasing my yields by 10-15% didn't justify increasing the heat production in my house by >30%, nor the added electricity costs from subjecting my AC handlers to that much of an extra work-load. For anyone reading this that doesn't know/understand what I'm talking about - after spending no less than 2-3 hours with each. and. every. one. I didn't play with the settings on just one and universally apply the settings to the rest. I found the 'prime' settings and documented them with a label-maker and notepad. Here's the math in a more transparent manner:

*** I NEVER LET MY GPU's BREACH 61C, EVER. Only my 8X GPU rigs saw 60-61 & it was the ones I had in the center of the build (naturally). I have REALLY high power fans (used on BTC ASIC MINERS) that were sucking air from those GPU's which was the only way I was able to obtain such stellar results while mining with them. **\*
Mining at "acceptable" heat temps (not acceptable to me, but most of the internet would disagree = 70C) and overclocking accordingly brings in X amount of yields per unit. =
'Tweaking' (underclocking) the GPU's to my parameters reduced my yield per unit from -10-15%, but it SAVED me well over 30-35% in direct electricity consumption, and an unknown amount of passive electricity consumption via creating approximately 20%+ less heat for my AC handler to combat.

I say all this extra stuff not just for anyone interested in mining with their GPU's, but really to answer (in-depth) the apparent questions you people are asking me in PM's. Something else that should help justify my claims of being so conservative should be the fact I only have/used "Platinum and Titanium" rated PSU's. Heat production, power efficiency and longevity of the hardware were ALWAYS my top priority.* . I truly thought Crypto would continue to gain and/or recover and bounce back faster than it did. If this project had maintained positive income for 12 months+, I'd have expanded one of our sites to also cater to GPU mining on a gnarly scale.

Once I have my NAS (& possibly 2nd rig for the firewall) successfully built, I'll be willing/able to entertain selling you guys some/all of the remaining hardware prior to launching on eBay. If there's something you're specifically looking for that I listed having, feel free to PM me with that/those specific item(s). Don't count on an immediate response but what you can count on is me honoring my word in offering whoever asks first right of refusal when the time comes for me to sell this stuff. Fortunately for me, PM's are time-stamped so that's how I'll gauge everyone's place in line. I hope this extra edit answers most of the questions you guys wanted to have answered and if not, sorry I guess. I'll do my best to bring light to anything I've missed out on after I realize whatever that error was/is. The only way anyone is getting first dibs on my hardware otherwise is if they either offer compelling insight into my original questions, or have something I need to trade w/.

THE END (Round#2)


submitted by Im-Ne-wHere to buildapcforme [link] [comments]

Debt Free! I paid off my Medical school loans! Bitcoin changed my life!

I started mining around 2012. Started mining on GPUs to build out an amazing gaming rig and just kept upgrading the rigs. I just kept getting more, GPUs and my home started looking like a server.
Even got one of the first Butterfly ASICs (mined a few bitcoins realized I would net more bitcoins selling it on Ebay and buying in). Slowly I stopped mining as my GPUs stopped getting a profit and my overclocked gpus slowly burnt themselves out.
Then I just hodl. Just didn't pay attention, checked out, and said I wouldn't do anything until it changed my life.
Fam, this last month it changed my life. I said I would sell at 10K to pay off loans, then it shot up to 18 before I knew it. This is amazing, I sold not even 10% of my hodlings and am now debt free.
Again, I am drawing the sell line in the sand. Not until it changes my life again. This time the line is to buy a house, when I can do that with Bitcoin I will have to part with a little bit more. Excited for that day!
submitted by WittgensteinianInk to Bitcoin [link] [comments]

05-23 04:24 - '$1000 Ethereum Mining rig suggestions?' (self.Bitcoin) by /u/Lost_Moonstone removed from /r/Bitcoin within 0-7min

'''
So I want to start mining Ethereum as a hobby. Does anybody have any setup suggestions that I can buy from amazon, Newegg, and ebay? My budget is $1000.
'''
$1000 Ethereum Mining rig suggestions?
Go1dfish undelete link
unreddit undelete link
Author: Lost_Moonstone
submitted by removalbot to removalbot [link] [comments]

Whats going on with ethereum price ?

Ethereum price is going down like crazy.Whats going on can anyone explain ?
submitted by umt1001 to EtherMining [link] [comments]

[PSA] Money saved = money earned? Use bitcoin to save money if you shop on amazon.

I was reading a couple threads on this subreddit and some people are taking a hit when buying gift cards with bitcoin where they only get 80% of the value of the bitcoin transferred to the gift card. People also seem to struggle converting bitcoin to cash. Here's a few things with some referral linkssorry to assist people with these issues.
For starters, egifter and gyft are pretty useful. I use them pretty often for things when I am in a rush and can't find any other options to save using bitcoin to buy things. It's also really handy for gifts for birthdays/christmas for those folks that live far away. If you want to throw me a bone for telling you about egifter, shoot me a pm and I can add you as a referral. The referral program isn't sexy, but egifter does give you points for using bitcoin that can add up to savings on future orders.
If you want to convert bitcoin to fiat, I highly recommend getting a bitpay debit card. Bitpay is fast and easy and comes in pretty handy. You could also consider localbitcoins. Using that site you can charge a small fee for the transaction. Just simply look at the current rates in your area and match it. Match the rate based on the amount you're selling. Example, currently preev has the bitcoin price at $2632 usd per 1 btc and the going rate in my area is roughly $2785. That's a 3-4% fee. You can also transact here in cash with no id. I just recommend meeting somewhere safe.
I also recommend keeping an eye on /BitMarket. I stumble across deals there from time to time. That subreddit is a pretty decent place to sell some stuff for bitcoin if your are interested in that sort of thing. There are a couple of places that I've found online that are auction type sites like ebay for bitcoin, but they are pretty shady in general and I'd rather not be the guy that points people to them. I have gotten some great deals on them, but I play it extremely safe. If it seems to good to be true or the seller has no ratings or feedback, I don't touch them. Same goes for the subreddit here, check the users profile and attempt to use escrow when doing any trades there.
Now, my favorite thing to do when not using bitcoin directly on sites like newegg is to use purse.
referral:
nonref:
Purse is a service that offers a 5% discount immediately for shopping on amazon. If you already shop on amazon and aren't using this, you are wasting money.
Purse can save you 10-20% when purchasing if you are patient. Here's how it works. Say you want to buy a new item that cost $100 on amazon. You list the item in a public wishlist, make an offer of say $80 or $85 in bitcoin for the item and you pay purse.io the bitcoin. Purse then acts as an escrow between you and whomever accepts your offer and buys the item.
The item is shipped directly to you and you then notify purse and they release the escrow to the buyer. I usually start out my offers at 20% and if no one bites after 24to 48 hours, I lower it to 15%.
Cool little side hustle here: I have friends and family that I told about this and they don't want the headaches of dealing with bitcoin. So what I do is let them order through me. Say you mom wants that new tablet or whatever. I tell her I can save her 5% and order the item. If I get 15% off I pocket the 10% as profit for the 10 mins of work it took me to do the listing and stuff. It's a decent way to flip btc to usd for fiat and profit.
For example, a recent purchase I did. I ordered the new kindle fire, childproof case, cover, headphones and all for my friend for her daughter. Everything together was like $145. I listed it for $115 (Cause I like round numbers). I put the bid up and it was accepted in under an hour. That usually doesn't happen. But I was able to flip $115 worth of bitcoin out and got back $135 and some stuff from her garden. Not a bad deal for 10 minutes worth of "work"...
What I do is scaled up because I've traded bitcoin since 2012 and I currently have a few mining rigs, so I always have extra bitcoin laying around to do this. But even if it helps someone a few times a month or something it adds up.
Hope this helps, if you have any questions/suggestions let me know.
submitted by kajunkennyg to beermoney [link] [comments]

How I turned $3500 into $15000 mining Cryptocurreny during the 2017 boom at 17 years old

First let's start at my first interaction with Bitcoin. Back in 2016, I was trading Minecraft accounts, you could find my story about that in one of my previous post. Long story short, a buyer had offered to buy one of my accounts for a fair amount of Bitcoin. I declined not knowing what that is and not caring.
Fast forward a little over a year, May 2017, I find out that you could actually mine cryptocurrency and profit from it. I talk to my techy uncle about it, he looks into it, decides to build a rig. This was easy for him since he had built computers before. Meanwhile summer, I am currently in New Zealand enjoying a vacation. When I come back, I look for ways to get this thing started. My uncle lives hundreds of miles away from me but luckily my mother knows someone who had mined crypto for a while. His name was CryptoNinja.
Crypto Ninja was a cool guy, he was a security analyst for a contracting firm. Knew lots about computers and programming. This was easy for him to grasp. When I met him, he had 2 rigs, one consisting of 6 1080ti's and the other with 4 1070's. If you don't know what these are, a 1080ti is or was the top of the line mining graphics card that you could get. Best of the best. Each costed about $550 at the time. 1070's market value were around $300-400 which at the time made mining extremely and easily profitable. This guy taught me how to do everything and when I say everything I mean it all. We started off with ordering the parts, He told me which parts were good for what and bad for this. We ordered from all over the place, Amazon, Newegg, and Microcenter. I gathered a list of parts, SSD, HD, GPU, CPU, MOTHERBOARD, RAM, ETC. All totaling out to about 3.5k. I had 6 1080's that I bought for around 500 each. This was the first time I've built a computer. I was a complete noob. He guided me through the process of starting with software, finding a mining pool, starting up your operating system, and taught me how to manage and maintain the mining program, hardware, and external factors. The whole process of ordering/shipping was about a week, building the computer took about 3 days, setting up programs took about a day. After that, boom. I'm running the mining program with a pool on Zcash. A pool is pretty much a group of miners collectively putting their computing force to get more results.
Meanwhile, I'm a senior in High School, bringing my macbook to school everyday to check up on the rig through Remote Desktop after every class. All of this was occuring around Sept. 2017 where BTC was going up up. And I'm talking around 10k. Boy was I racking in a ton of Zcash. Everytime after I'd rack in a good amount, I'd transfer my Zcash directly into my Bittrex account which then I traded for bitcoin and altcoins like OMG, OmiseGO, NEM, ETC. But there was this one time when I got on Bittrex at school and I saw Zcash had mysteriously went up to $400 in 10-15 minutes, the timing had never been better. Guess what I did? Sell all my Zcash yep. Made a good amount of money off of that. Every coin was going up. I continuously made successful trades because prices were going up. I felt like the man. By the time December came around, I had 10k worth of crypto in my exchange account. I know, dumb to keep it in the exchange account but hey I did it. I was the only one mining crypto at my school and people knew me for that but they didn't know how much I made, I joined the investment club. They talked about investing in crypto, what is it? is it safe? they wanted me to speak, i didn't out of fear. They all thought it was a fad. These were traditional stock trader type kids.
It was hard for them to understand the concept but by the time they wanted in it was too late. I already cashed out $12.2k. Bitcoin was like 18k at the time and I needed somewhere else to put my money. I decided to buy a whole new gaming setup. Which costed me around 2.5k and a new desk and cool random stuff for my room which costed a few hundred. I spent a lil more money than I wanted to but it was okay. then it came time to sell my mining rig, Bitcoin was falling. People were freaking out. I was out already. The prices of GPU's multiplied by 2. This was insane. I sold my gpu's on ebay for 3k and gave the rest of parts to either friends and kept RAM for myself. At the time, I was still 17. People would look at my computer and say what is that? Oh Bitcoin? That's Stupid. Welp. Not anymore words.
What am I doing now? Well I invested in some Quantum Computer Stocks, put some back into Crypto, and put some money into OG accounts which I have a whole story on on a previous reddit post. I learned a lot from this and look back smiling.
submitted by knicklol to Entrepreneur [link] [comments]

A story from a cloaky camper and an attempt to build a beast mode multi-boxing server.

21/04/2018
Hello Nerds!
 
Some of you may know me, some may not. Those that do will know I offer cloaky camping services over new eden. I do camping contracts / extort renters and focus my time hunting botters when the contracts are quiet. I offer PvP entities access to my cyno network to get dank kills and big escalations. From super carriers to Rattlesnakes.
 
The thing that got me into camping was hunting bots back in the dronelands a few years ago. I realised the most effective way to hurt them was to camp them 23/7, follow them around using locator agents. Eventually they had to rat with me in system. When they did I setup bubble traps etc and dropped blops and cleaned them up.
 
The 2nd thing I love about cloaky camping is the ability to counter Alliances (i feel its overpowered) intel channels / networks. Think about it. They have multiple intel toons dotted around the entrances to their pipes reporting hunters coming into the pipe allowing the PvE players to warp off and safe up. They even use external programs to collect this intel and give audible alerts. Cloaky camping is just the polar opposite. Dotting toons in their ratting pocket and giving me intel on whats going on in their system. As long as local chat exists so will cloaky camping. I'm pretty confident CCP share the same thought.
 
People probably think cloaky camping is easy. You are wrong. The prep work and behind the scenes work that goes into it is pretty immense. You are about to find out.
 
The hardware i'm currently running the 60 clients on is as follows:
 
Camper1: Screenshot of 30 Clients Layout
Camper2:
 
How do you pay for 60 toons
I started with 10 campers and made ISK by other means. When I made new campers I invested ISK and started to Skill extract and plexing the toons. I also make a decent amount from people who pay me to camp others.
 
The Setup  
I manage the clients window positions and CPU allocation with ISBOXER. Its legal to use as long as you don't use input broadcasting. I boot up the clients with ISBOXER EVE Launcher. I copy the window positions / chat channels etc over using garpaui. I use remote desktop to manage the clients light cynos etc.
Example here
 
On both motherboards I had to under clock the processors as they were drawing too much power from the motherboard and causing the chipset to overheat. I think these motherboards are not beefy enough to support these 8 core processors. It caused the CPU to throttle reducing the clock speeds to 1.3Ghz and causing lag issues. I solved this problem by reducing the clock speed from 4Ghz to 3.6Ghz and reducing the CPU voltage. This reduced the heat by a really good amount and stopped the problems.
 
However, Me being me I wanted to expand and the camping pcs were running at full chat. So I needed a better piece of hardware to host these 60+ clients. So, while at Fanfest, I bidded on this R820 Server on ebay and won!
 
Specs:
 
The hardware should be able to support multiple clients. However i'm not too sure how eve is going to behave when I try and open 60 instances all in one OS. I have set myself up for a hell of a challenge! However, I feel like I got a pretty good deal on the server and DELL hold their value. I'm sure I can re sell it if the project fails.
 
Things to work out:
 
Things I will teach you guys
 
I'm learning too so your help input would be awesome! First question. Shall I just update this reddit post each time or create some sort of blog?
Old AMD FX Rigs
New Kit / with various bits I gathered to get started
 
Update 23/04/18
I have made some decent progress on this crazy project. I will give some breif updates here. I will get a blog up and running to post full details with how to's etc. Its probably way to long for reddit.
 
I have successfully installed some GPU's into the R810 AMD R9 280x and Nvidia GTX 970. I soldered some PCI-E cables to the PDB and it worked fine. The GTX sits nicely in the chassis however, the R9 280X is external atm using a PCIE x1 to x16 riser (from my bitcoin mining). Also I have managed to enable and use them both with passthrough in ESXI 6.5. Yes the GPU works with a x1 adaptor. WTF!
 
Freezing Problem with a single os install
If I try and run more than 40 clients in a single OS I the system freezes when loading up client 41. I have tried the following:
I cannot see why it is freezing. Is there any way to gather logs for the client? It doesn't appear to be a resource problem. Plenty of RAM / CPU and HDD isn't going crazy.
 
Here are some pics of the current progress:
submitted by Mar5hy to Eve [link] [comments]

[Discussion] My own personal guide to used hardware alternatives.

Hi there. My name is Jeff. I've been building systems for the better part of 15 years and try my best to contribute here actively. After being involved in this little community for a few years now, I'm noticing a serious lack of discussion about buying used components, and I feel like it's time to shed a little light on the subject for those looking to build on a (seriously) tight budget.
As Linus said in his scrapyard wars video, buying new on $300 isn't practical, and if you posed the challenge to him on a random day, buying used is almost certainly the path he'd choose. As someone who's been "scrapyarding" as a hobby for the better part of 10 years, I figured I'd take some time to share some of what I've learned for the modern audience.
Let's begin with a simple rundown of modern "budget" choices, and I'll tell you what I'd do instead.
CPU
The G3258 and Athlon 860k are the sub-$100 CPUs of choice, and both work just fine. I have built with both in the past, and each carries their own set of advantages.
Used Alternatives: You can go in a couple of directions here; if you happen to have an LGA 1366 motherboard lying around, you can get an i7 920 or better for under $50, and they still hold up reasonably well. Being that LGA 1366 boards are not typically cheap when purchased used, my favourite option is the Phenom II x4 Black Edition series, each of which compare favourably to modern budget options, and will even overclock on some incredibly dated, dirt cheap AM2+ boards. In my experience, eBay prices on these get a little too high for my taste, but I've been able to nab several on Kijiji locally in Toronto for under $50 as well.
GPU
The R7 260x and GTX 750 ti are often cited as budget options for most builders, with the latter serving a very specific role in systems where power draw might be a concern. While there exists no option that can complete with the low consumption of the 750 ti (or even the single 6-pin connector goodness of the 260x), its performance can easily be matched (and exceeded) for less money.
Used Alternatives: The bitcoin mining craze from a few years back led to the Radeon 7950 and 7970 being blacklisted on the used market, and I think the fears about burned-out cards are a little overblown. Here in Toronto, you can easily grab a 7950 for the price of a 260x, but I don't pay anywhere near that for my builds. At most, a Windforce will cost me $125, as where I recently picked up some non-boost edition PowerColor versions for a mere $83 each (bought 3 for $250).
EDIT: Forgot to mention something important - avoid the reference 7950 and 7970. They were employed to a far greater degree in mining rigs because of their rear-only exhaust, and if you see a bunch of them from the same seller listed at once, they're likely old mining cards. Only pick them up if they're incredibly cheap.
Want to go even cheaper? The Radeon 6950 (with the shader unlock, preferably) or even the 6970 will rival the performance of the 260x, and shouldn't cost Canadians more than $50-$60. I personally have 2 in my possession right now, and have gone through at least a dozen in the last 6 months.
In general, one should always avoid Nvidia when buying used, because they are far too popular and overvalued for their performance as they age. I still see GTX 660s selling for $150, which is absolutely absurd.
Motherboards
Motherboards on the used market are weird, and this can largely be attributed to the fact that they're hard to transport and don't handle well over time. As such, people don't really sell boards on their own that often, and you'll likely have more luck finding a combo of some kind (or even a ready-to-go tin-can with no graphics card) for less per part than you will finding a given board on its own.
Used Alternatives: The boards I'd recommend depend entirely on the CPU you've chosen. Being that I'm a fan of the Phenom II x4 series, AM2+ boards are going to be dirt cheap, but DDR2 RAM is actually fucking expensive, so you'd likely be better off going with AM3. I've even seen some used AM3+ boards (The 970 ASRock Extreme3, in particular) for as low as $40, so it wouldn't hurt to look.
On the Intel side, you're actually at a significant disadvantage. Much like Nvidia cards, Intel boards (and CPUs) actually retain their value and don't often come cheap. For me, LGA 1156 is the price/performance sweet spot, granted I can find an i7 8XX to go with it. Even still, they're going to run you a fair bit more than an AMD board, and likely aren't worth it by comparison.
RAM
Ram is ram. DDR2 is pricy as fuck due to an obvious market shortage of the stuff, so the AM2+ board option might not be best by comparison. DDR3 ram, however, is ubiquitous, and I always die a little inside when people building on a "budget" choose to buy new at all. If I'm being honest, I can get DDR3 ram from e-waste recycling companies for as low as $10 per 4GB stick, at 1333MHz, and not once have I ever had a bad stick of the stuff. Even for people going the route of the G3258 (which only supports 1333MHz), this is the clear winner.
Is value RAM ugly as sin? Sure it is. It is just as good as that fancy Ripjaws shit you've got in your current build? You betcha.
Storage
Hard Drives are actually a tricky game, as they are the single most volatile component in any budget build, easily succumbing to wear and tear from age and daily use. As such (and some might find this hard to believe) I actively avoid HDDs when building value systems for people and opt for cheap SSDs instead. As always, check the date on a drive if you're really insistent on buying one, and considering how cheap a WD blue is new, don't pull the trigger on one unless it's for less than $30/TB.
SSDs are obviously (akin to RAM) highly resilient and are nearly guaranteed to work when purchased used. The average SSD pulled from an old laptop or an office off-lease desktop, will have no more than 100GB of writes on it, which leaves 99% of its life for you to exploit. While there exists no specific recommendation for which brand to buy, just be sure you're getting a relatively good drive with SATA III capability. 120/128GB variants of these sorts should cost you no more than $50 in my native Canada, and I've even gotten lucky on some larger sizes too. Recently I picked up 4 256GB Samsung 840 Pros for $75 each (I came), just days after I bought a Crucial MX100 of the same size for $85.
Monitors
Monitors are fun to buy, because the recent shifts in display technology have rendered a lot of recent-but-obsolete models nearly valueless. For example, remember when 16:10 was a thing? I actually still like 1680x1050 monitors, but the rest of the world seems to disagree, so I've been able to pick up 23" variants for as little as $40. Being that the slightly lower resolution actually eases the strain on your VRAM a bit, it's a nice fit for a lot of budget cards that might not have a full 2GB available, like some variants of the 6950. 1600x900 monitors are often just as cheap and come with the same inherent benefit of being obsolete despite being almost as good as its bigger 1080p cousin.
Keyboards and Mice
If you're on a budget, we can't even have this discussion. As much as I like mechanical keyboards and high-precision gaming mice, people building used $300 systems aren't going to allot any of their budget buying them. That said, wired USB keyboards and mice are virtually free (search your local goodwill or value village for some), and if you have to pay money, buy a wireless combo for $20 new from some little shit store in a suburb somewhere.
Cases
Cases on their own sell for about half of their original retail price, give or take based on the condition. I normally just get them as a part of a tin-can bundle and make use of them if they aren't too dirty, but when building for someone else, I'd often just prefer to buy a new budget case in the $40 range.
PSUs
I saved this topic for last, because it's by far the most difficult category to master. First off, you really need to do your research and understand how PSUs work before delving into these guys, as the cost associated is almost entirely dependent on how resilient the underlying platform has been proven to be. Generally speaking, reading reviews on JonnyGuru and HardOCP is a great start, but none of them account for units that are several years old.
As a general rule of thumb, I use the EVGA 500W W1 as a reference point, and build my value tree around that. In other words, if a new EVGA 500W (a passable, proven budget unit) is cheaper than a used 500W variant of a better brand, why would I bother buying used? Sure, that 520W Seasonic S12II puts the EVGA to shame in terms of voltage regulation and ripple suppression, but can I really make the same claims of a unit that's 5 years into its life? Wouldn't I just be safer buying new? These are all factors you have to consider.
For me, the threshold lies around 50% in terms of cost savings vs. risk. In other words, if you can find a used quality unit for less than half the price of the cheapest quality unit available at a given time, buy it.
Anyhow I think that covers everything. And as a closing note, remember to be safe. Meet potential sellers (and buyers) in public, well-lit places, and try your best to avoid entering someone's home without some protections in place. Also, the more info you get about the person (address, phone number, etc) the less likely it is that a person will be trying to scam you. People who purposely conceal their identity do so for a reason.
Also, feel free to ask me anything about my own experiences buying and selling used. I've been doing it as a hobby for a long, long time and have sold many value builds to people who can't otherwise afford PCs. I'm happy to impart any wisdom I might've gained over the years.
Edit: CPU Coolers! Forgot those. Air coolers are a safe bet. They're slabs of copper and aluminum with fans strapped to them. Buy with confidence, and seek one out for $10-$15 if you plan to overclock. AIO water cooling is not so safe. Those things are typically only good for 2-3 years, and you have no idea how much longer a pump has before it gives. Budget builders likely aren't water-cooling anyhow, right?
Edit 2: Just to be clear, when I said I'd been doing this for a long time, I should clarify that a) I once owned a game store and sold systems out of there and b) I currently resell systems out of my house to raise money for charity builds. I really don't want people to get the impression I'm trying to sell anything.
submitted by Oafah to buildapc [link] [comments]

Why you should buy a used Mining Card.

This post will be for people who are looking to get the most value for their dollar. So if you hate spending your money wisely, stop reading now.
For those less interested in reading, here is video version of this post: https://youtu.be/iplQuI6YxM8
As of the last week and a half, it appears the mining apocalypse has finally died down because graphics card prices are, for the most part, back to their market sale retail price.
Now for a lot of people, that’s great news and they will be buying their 1070 ti’s and 1080’s they have been waiting to buy. Some people are even awaiting the new line of Nvidia cards to come out and buy those. However, there are still a lot of people out there where financially it just doesn’t make sense for them to spend $450 to $600+ on a graphics card. Or just straight up don’t want to pay that much.
So what can you do? Well, given the current market, this is my solution.
If you paid close enough attention to the mining craze, you would have seen that the popularity of alternate coin mining favored the use of Nvidia GPU’s. Thus the demand and prices for Nvidia cards above 2GB skyrocketed. Originally, Radeon cards like RX 480’s and RX 500 series cards were the craze because people would use those cards to mine specific coins (aka Bitcoin). But like I stated before, that trend changed when alternate coin mining became more popular. So what happened to these Radeon cards? Well I didn’t see a lot of them on sale on craigslist or eBay so I assume that people continued to mine with them while barely making it worth what it cost to do so and maybe even attempting to switch over to Nvida cards. However now that the profitability of Alternate mining is down in the dumps and mining altogether right now sucks, people are finally selling ALL of their cards. The best part is, that the Radeon cards now have to compete with Nvidia cards on the used market. Now what makes this so great is that Radeon cards have always been cheaper than Nvidia cards. It’s what they’ve always done to be competitive and make sales. So when an Nvidia card is used, and has been used for mining, the price of that card drops significantly and as a result of that, the Radeon cards have to drop even lower than that, otherwise they won’t sell at all. So what does this mean? It means that right now on the used market, if you want to pick up a high-end gaming card for your rig, get a Radeon card! They’re cheap as hell!
Now a lot of you might be thinking “Yeah I mean, I like to save money as much as the next guy, but I don’t necessarily want to buy a card that’s been trashed in a mining rig.”
Well, allow me to clear up that misconception.
The 1070 Ti I brought brand new for $550. I use it in my own personal rig. The RX 570 8GB card I got for $215 off of craigslist from a miner. The 1070 Ti costs 61% more than the RX 570. So basically, if the 1070 Ti doesn’t perform 61% better than the 570 on these benchmarks, the 570 is a better deal. (These cards were both tested in a system with these components: i5 8600k, 16GB of DDR4 2400 MHz RAM and both cards were not overclocked while testing)
BENCHMARKS
Fallout 4 PUBG League of Legends CSGO Unigine Heaven
Ultra Settings Ultra Settings Highest Settings Highest Settings Ultra Settings
75 FPS 62 FPS 205 FPS 244 FPS 105 FPS
FPS Average: 138.2
Fallout 4 PUBG League of Legends CSGO Unigine Heaven
Ultra Settings Ultra Settings Highest Settings Highest Settings Ultra Settings
38 FPS 42 FPS 195 FPS 159 FPS 82 FPS
FPS Average: 103.2
Now since the 1070 Ti costs 61% more, ideally, you should be getting 61% better performance.
But, after looking at the benchmarks, the 1070 Ti only performs 25.5% better than the RX 570 8GB on average. Essentially, if you choose the 1070 Ti over the RX 570, you're choosing a deal that is 34% worse. And this doesn’t even take into account the additional performance you could get from the 570 if you overclock it.
Now obviously you have to take into account the warranty you would receive if you buy the new card and that extra 34% might be worth that piece of mind to you. However I have been testing the 570 pretty extensively outside of these benchmarks with my editing software and other benchmark tests and the results continually show that the 570 is in good working condition and is definitely worth buying. Now you might be asking, where do I go to find these cards? Well, I’ve said this before on my channel but Craigslist is always your best bet because it is very hard to beat local deals when comparing to what you could find on eBay.
Anyways, that’s the end of the post, I hope you guys enjoyed this comparison and hopefully this information can help somebody to save some extra cash. If you have any questions, feel free to leave them below. As always, have a good day!
submitted by Nachasa to buildapc [link] [comments]

Pros to mining vs buying

I've seen a lot of people saying they should have just bought Monero instead of a rig.
I've got an XFX Vega 64 still sitting in its box from newegg, and some unopened risers from Amazon. I was excited about building this rig last month but I'm pretty apprehensive about getting a ROI. (Certainly not sitting in the box lol) But Not to mention AMD GPU's are even more scarce to build it out and sell for stupid amounts of money.
Anyway, all this has been said before, mining vs buying...
If you bought 1 coin of monero last month at plus $400, today you'd be at a little loss, or maybe the same.
Had you bought a gpu you might have gained $100, and have the gpu as an asset to sell.
Long term, you may earn more buy buying coin but you might not as crypto seems to swing back and forth, so you have to sell at peaks to actually earn your fiat.
As for your mining hardware, If bitcoin tanks then all crypto will tank and eBay will be flooded with gpu's.
All this is sort of obvious, or incomplete reasoning perhaps. I'm curious to see others thoughts.
submitted by Hairmissile to MoneroMining [link] [comments]

I can afford to lose

I first learned of Bitcoin in 2010, installed the client and got my first bitcoin from The Bitcoin Faucet. Thank you Gavin, I assume it was your property.
I fell down the rabbit hole after reading Satoshi's paper (read it about 10 times so far. It gets better each time). I enabled bitcoind's mining feature on my home CPU (and possibly my work machine) and managed to solo mine a block. At the time, they were worth about $0.50 ea. A few months later, and zero blocks found, I compiled some code that allowed me to mine using my nVidia GPU. Still no blocks. Welcome slush pool! Bitcoins were flowing again (about 1/week). At this point, I figured I could make some money at this (price ~$1.00), so I spent $170 on an ATI GPU (about 10 times faster than the nVidia).
Difficulty was increasing, people were building huge GPU rigs - I wasn't one of them. I bought a few coins through MtGox and a few more with paypal. But for the most part, I was happy getting about 1BTC/week on my ATI card. I wasn't ready to spend my "real" money just yet.
I "invested" some assets on GLBSE and put it into a mining company called BITBOND. Was feeling pretty good until GLBSE was shut down and lost 50% of what I invested. I guess Bitcoin Savings and Trust (BST) was a bad idea. But, hey we're just playing around with digital tokens. No worries, I could afford to lose it - maybe $200 worth at the time. Live and learn.
Bitcoin velocity started to increase with Eric's Satoshi Dice and Charlie's BitInstant. Up to $28... Have to buy more. Crash! Back to $2.00 and bailed. Lost another $200.00.
In 2012, I made some paper wallets and gifted all my family members some BTC for x-mas. They were worth about $13/BTC. I still keep an eye on the accounts with watch only addresses on Blockchain.info. Paper wallets were created with Diceware and Amir's sx/libbitcoin, pen and paper.
GPU mining was puttering out, so I spent $300 on a BFL 5GHz ASIC with paypal. I received mine in July of 2013, mined 2 BTC over two weeks, then sold it for $350 on ebay. The mined coins were worth about $300, so I doubled my money. The difficulty increases went lunar, and that BFL miner never mined another full bitcoin. Sorry e-bay buyer.
My mining days were over and Coinbase came online. Since then, I've been lazily buying $50/week using Coinbase's recurring buy feature. All the way up to $1200 and all the way back down to $170. I've been here before. Each time though, I have more coins than I had before - and that's all that matters to me.
Bitcoin's not made me rich. I'm not driving a Ferrari with BITCOIN plates... yet. I'm only in as much as I can afford to lose. It's been a fun ride.
To all the people and companies mentioned, and to all of you building the future, Thank You.
submitted by btc-loser to Bitcoin [link] [comments]

Help the DogeCoin Economy Grow and Stabilize?

Why do Shibes want merchants to take Doge? Well, for one thing it would be nice to exchange the Doge you mined for real world goods, right? I'm sure many Shibes also realize that the more merchants accept Doge, the more Doge becomes worth.
Sometimes I see real world currency referred to on this sub as "fiat". Fiatt is a currency that's backed by nothing other than the faith that it can be traded for goods and services, like the US Dollar. Doge is no different. It is also a fiat currency. Any value Doge has is only based on the faith that Doge can be exchanged for real world goods and services in some way.
So, it would be awfully nice to get more merchants accepting Doge, right?
Let me ask you this however... Why would merchants decide to accept your fake weird joke virtual money that you created on your computer, when you yourselves don't even stand behind it? As I understand it, the creators of Doge intend for it to be used as currency, but primarily what I've seen since December is hoarding and pump and dumps. There's very little exchange of Doge for real world goods and services.
So again, WHY should merchants start accepting a fake currency they can't even do anything with?
When I gave the Doge community DogeBay.org I was really excited. I really thought that giving you guys a free, auction based website would really help Doge Coin thrive and grow. I thought that Shibes would recognize it as a opportunity to collectively create a Doge based economy, something the rest of the world could look at and realize that Doge wasn't just a joke. I expected the Doge community to realize the value of DogeBay and embrace it with open arms. Instead I got hostility and called a spammer.
I'm kinda jaded with the Shibe community. At first I saw a collective working toward proving the world wrong. Now it seems to me that too many Shibes want everything to be handed to them with no work. There's also a segment of Shibes who see to not want DogeCoin to slip out of Reddit's grasp, and are guarding it.
I have news for you. Reddit isn't the Internet. There are many people out there who have never been on Reddit and don't care about it. I've talked to people who I thought were surely reddit users who knew about Dogecoin, and their reaction has almost unanimously been, "Reddit? No, never been there. Ohh... Dogecoin. Isn't that that joke bitcoin thing? Yeah, I don't pay attention to that stuff. It's just weird."
People are too busy, they don't have the time to vet new ideas, they want it to be a "thing" before they feel it's worth looking into.
Show these people an auction website where real things are being bought and sold with DogeCoin though and watch the lightbulb go off. They need pictures and a format they can understand. The only way for this to happen though, is from the ground up. Merchants aren't going to start offering their goods up for sale just because Shibes want them to. They need to know DogeCoin has faith behind it. They need to know that Shibes have fully bought into it. Don't you get it?
Do you know how eBay got started? The guy who created eBay put a broken laser pointer up for sale on his website as a joke, and somebody bought it. He contacted the winning bidder and said, "Hey, you know you're buying a BROKEN laser pointer, right?". The winner replied, "Yeah, I collect broken laser pointers." eBay was born out of a joke, it didn't spring up overnight with a bunch of corporate investment money backing it.
I don't have money to spend on a mining rig. I don't have VC capital backing me. I don't have any help in developing DogeBay. But what I do have is this:
I have a free, auction based website that could help DogeCoin become a stable currency accepted all over the world.
There are no listing fees. There are no fees due on auction completion. Nobody pays for bids. I don't take a percentage of payments when they are made.
Is it ugly? Yeah, it is. Does the UI need work? Yeah, it does. Here's the thing though; I need people to use the site so I know how I can change it to better meet the needs of the people who use it. Get it?? People using the site would also allow me to attract other developers to the project. More people than just me working on the site would be wonderful.
If Shibes actually started trading things at DogeBay.org other buyers and sellers would join in as well. It wouldn't happen overnight, but it would happen. The more Shibes demonstrate their belief in Doge as a currency, the more the rest of the world would take notice. The only thing DogeBay.org can do for DogeCoin is to help it.
So, that's basically my plea to the DogeCoin community. Use DogeBay.org. Sell broken laser pointers, or whatever people will buy. Use it to trade stuff, and watch the world take notice. DogeCoin will grow and thrive!
The other choice is don't do anything, and wait for someone to just give you everything. It seems to be general plan.
submitted by dogebay-org to dogecoin [link] [comments]

My story behind my mine.

Hello,
I want to show you my mining rig and make a step-by-step tutorial on how to make the rig itself and choosing components, building them into the rig etc. My mining rig design is made out of wood but you can choose any material of your choice if you can work with it. I made my design different then others did so i have alot of space to place my sdd fans etc,. This is a very cheap but very powerful mine, lets get started!
The wooden plate on the bottom is 40 x 60cm and the thickness is 4mm. In the front of the rig the of the beams on the side are 2 x 4.5 x 21.5cm and on top the same kind of wood as on the bottom but now it is 4.5 x 60cm. On the back side there are 5 beams with the height of 12.5cm, the width is 2cm and the length is 4.5cm place them where ever you want but make sure it is stable and place the same wood as the bottom plate in the size of 15 x 0.4 x 60cm
It should all fit and what i want to do is place some pieces of foam on the bottom, the back and the front. The foam will absorb vibration and it makes the mine look nicer. (I ordered them in black, you can order any corlour you like!)(gewijzigd) Now that the rig is done you can start looking for hardware. I had a motherboard lying around of a pc i used in the past, now that i did not use it anymore i could use it for the mine, great way to save some money!
The motherboard i have is DH55HC (I don't recommend buying this motherboard. Use one you have lying around and is capable of mining) Motherboard that i recommend to buy:
https://rover.ebay.com/rove1/711-53200-19255-0/1?icep_id=114&ipn=icep&toolid=20004&campid=5338243794&mpre=https%3A%2F%2Fwww.ebay.com%2Fitm%2FLGA-1150-6-GPU-Motherboard-PCI-E-Extender-Riser-Card-for-Bitcoin-Mining-Rig-S4K8%2F362193279529%3Fhash%3Ditem545466da29%3Ag%3AIu8AAOSw3ZtaO4v2
Processor that i recommend to buy:
https://rover.ebay.com/rove1/711-53200-19255-0/1?icep_id=114&ipn=icep&toolid=20004&campid=5338243794&mpre=https%3A%2F%2Fwww.ebay.com%2Fitm%2FIntel-Core-I3-4160-Processor-3-60-GHz-2-Core-LGA1150-Socket-Hyper-Threading-B%2F161859711008%3Fepid%3D691191378%26hash%3Ditem25af973020%3Ag%3AYdIAAOSw~bFWIJ9J eBay LGA 1150 6 GPU Motherboard PCI-E Extender Riser Card for Bitcoin Mining Rig S4K8 CPU DIMM Type: LGA 1150. 1 Riser Board. This motherboard is a high performance, enhanced function motherboard designed to support the LGA1150 socket. It supports four SATA 6.0Gb/s connector for expansion. | eBay!
eBay Intel Core I3-4160 Processor 3.60 GHz, 2-Core LGA1150 Socket, Hyper-Threading (B Core I3-4160 Processor 3.60GHz Haswell (Dual Core with Hyper-Threading). | eBay!
Ram memory that i recommnd to buy:
https://rover.ebay.com/rove1/711-53200-19255-0/1?icep_id=114&ipn=icep&toolid=20004&campid=5338243794&mpre=https%3A%2F%2Fwww.ebay.com%2Fitm%2FKingston-HyperX-FURY-4GB-8G-1866MHz-DDR3-CL10-DIMM-Desktop-Game-Memory-RAM-Red%2F401365429103%3Fhash%3Ditem5d733e6b6f%3Am%3AmZyvM4j0xXQwtinhGl_ojQA
(You can buy more then 4gb but i use 4gb and it works fine for me.)
As harddrive you can choose between three options, a USB Drive, SSD or a HDD. I don't recommend going with a HDD because they take more power then a SSD or a USB Drive and they break earlier, etc. I went with a SSD because i wanted it to boot as fast as possible and i could not be slowed down by the hard drive. A USB Drive is also a great option because they are cheap and plug in without any external power. You can take any hard drive you want but you need atleast 32gb or more so you have enough space for everything you need. (I got a 120gb Samsung SSD)
I recommend this SSD, it is fast, durable and cheaper then Samsung SSD's:
https://rover.ebay.com/rove1/711-53200-19255-0/1?icep_id=114&ipn=icep&toolid=20004&campid=5338243794&mpre=https%3A%2F%2Fwww.ebay.com%2Fp%2FSSD-Uv400-2-5-120gb-SATA-III-TLC-Internal-Solid-State-Drive-for-Kingston%2F714202045%3Fiid%3D263339906909%26_trkparms%3Daid%253D555018%2526algo%253DPL.SIM%2526ao%253D2%2526asc%253D47301%2526meid%253Df07eab68ea0a41bcaa99a2636232a093%2526pid%253D100005%2526rk%253D1%2526rkt%253D6%2526sd%253D eBay Kingston HyperX FURY 4GB 8G 1866MHz DDR3 CL10 DIMM Desktop Game Memory RAM Red Get in the game with HyperX FURY. Even newbies get up to speed fast, since FURY automatically recognizes its host platform and automatically overclocks to the highest frequency published--up to 1866MHz--providing plenty of power for your next deathmatch. | eBay!
For the power supply i chose this one:
https://rover.ebay.com/rove1/711-53200-19255-0/1?icep_id=114&ipn=icep&toolid=20004&campid=5338243794&mpre=https%3A%2F%2Fwww.ebay.com%2Fitm%2FCORSAIR-CX750M-750W-ATX12V-v2-3-80-PLUS-BRONZE-Modular-PFC-Power-Supply-New%2F292403860823%3Fhash%3Ditem4414a0d557%3Ag%3AYAIAAOSw0hlZHlLG
You can also buy this one if you want to save some money, this is the same power supply but it is not modular (With modular you can use only the cables that you need, while a normal supply has all the cables hanging out):
https://rover.ebay.com/rove1/711-53200-19255-0/1?icep_id=114&ipn=icep&toolid=20004&campid=5338243794&mpre=https%3A%2F%2Fwww.ebay.com%2Fitm%2FCORSAIR-CX-Series-CX750-750W-80-PLUS-Bronze-Power-Supply%2F322560024867%3Fepid%3D2254409481%26hash%3Ditem4b1a136123%3Ag%3AyJQAAOSwjKFZR8Ir eBay CORSAIR CX750M 750W ATX12V v2.3 80 PLUS BRONZE Modular PFC Power Supply New! ATX12V v2.3. 80 PLUS BRONZE Certified. Maximum Power. Up to 85% energy efficiency means less heat generation and lower energy bills. SATA Power Connector. Universal Input from 90 - 264 VAC. Haswell Support. | eBay!
eBay CORSAIR CX Series CX750 750W 80 PLUS Bronze Power Supply Click here to see description. | eBay!
Now the important step: Choosing a graphics card. I had a realy hard time finding a nice graphics card for the right price, the prices for graphics cards are rising and i was on a budget. Finaly i came out to the Sapphire Nitro+ RX570 4gb Nitro+ for the price of around ~320$ I only bought one card because as i said i was on a budget and i have my gaming graphics card which is a MSI 1060 6gb that i plug in the pc when i go sleep and when i get home from school i plug it into my game pc again. Because the RX570 is changing prices really fast now, here is the link to search suggestions on ebay for the RX570:
https://rover.ebay.com/rove1/711-53200-19255-0/1?icep_id=114&ipn=icep&toolid=20004&campid=5338243794&mpre=https%3A%2F%2Fwww.ebay.com%2Fsch%2Fi.html%3F_from%3DR40%26_sacat%3D0%26LH_BIN%3D1%26LH_ItemCondition%3D3%26_nkw%3Dsapphire%2Brx%2B570%2Bnitro%26_sop%3D15
And this is my MSI 1060:
https://rover.ebay.com/rove1/711-53200-19255-0/1?icep_id=114&ipn=icep&toolid=20004&campid=5338243794&mpre=https%3A%2F%2Fwww.ebay.com%2Fitm%2FMSI-GeForce-GTX-1060-Gaming-X-6GB-DDR5%2F232045691151%3Fepid%3D19003305110%26hash%3Ditem360700410f%3Ag%3AG2AAAOSw1aVZ18ag
Even though the price of the RX570 went up alot i still think this is the best card to buy for mining.(gewijzigd) eBay MSI GeForce GTX 1060 Gaming X 6GB DDR5 MSI GeForce GTX 1060 GAMING X 6G Twin frozr VI thermal design raises the bar of graphics card Air cooling. Torx fan 2.0 is the enhanced version of the Patented torx fan technology which generates 22% more Air pressure for better cooling performance while further reducing noise levels. | eBay!
Next up is software, i run the PC on Windows 10 with the mining software Claymore's Miner. I mine Ethereum with the pool ethermine.org, I think that is the best pool to mine on because it has low fees +-1% and Claymore's miner mines takes around 1-2%. I know there are better miners out there but i will stick to Claymore's because i like their miner and i support them. Of course you can choose to mine a different coin with a different pool and using a different miner! It is all up to you! With my Ethereum miner i mine with a total of 29MH all day and in the night i have another 24MH added.
I also overclocked both of the cards. My RX570 has Elpida memory (You can find what memory type you have using GPU-Z) If you have the same memory you can use the attached bios flash, to flash a card you need atiflash. I hope you liked this thread and i hope i helped some of you out, have fun mining! If some of you want to donate any ETH, BTC or LTC you can send that to these wallet codes:(gewijzigd) rx570_1150-2100_rev2.rom 256.00 KB ETH: 0x7F660f909dd5FbC045e82A34F6575cf3B595d7E6 LTC: LRom47cow8wsc2Py3WSMw7DXezXXvXojLg BTC: 1BV1QqS9k8Yyq9oVUKozQE6h1ebzngMdDL
Have a great day and happy mining everyone! _
↑↑↑ This is my story of building my Mining Rig scroll up if you are interested! ↑↑↑
submitted by snellemapo to EtherMining [link] [comments]

Am i missing something or am i good to go?

Ok so for quite some time now i've been thinking about investing in a miner. I've heard everywhere that now it's too late unless you want to invest 10s of thousands of dollars. But i was still sceptical as to why and did quite some reasearch and put in the appropriate stats: https://www.coinwarz.com/calculators/bitcoin-mining-calculato?h=4730.00&p=1293.00&pc=0.10&pf=1.00&d=1123863285132.97000000&r=12.50000000&er=5628.66150000&hc=635.00
It definitly suggest i'll make profit, and pretty damn fast too. I live in a pretty large house in sweden, so cooling shouldn't be a problem since rn it's about 0c degrees in the morning and it'll only get colder. Electricity costs are quite standard and noise is not at all. I'm thinking of buying an Antminer S7, although i suppose it would be difficult to find it + a powersupply for the price tag i put on it (635 dollars), but i did find this: http://www.ebay.com/itm/1600W-ATX-Mining-Power-Supply-SATA-6-GPU-Bitcoin-BTC-Rig-Ethereum-Miner-S7-/112496276815 http://www.ebay.com/itm/Bitmain-AntMiner-S7-4-7TH-s-Bitcoin-Miner-ASIC-WORK-GOOD-No-PSU-/222676802534?hash=item33d8925be6:g:HtoAAOSw62VZwcxg
So i just want to ask am i golden or have i missed a vital piece of information? I know mining will get harder over time but the bitcoins are also rising, and oh also what's the risk? I mean the bitcoin price has a risk of collapsing any moment.
submitted by fillewille0 to BitcoinMining [link] [comments]

[USA-NJ][H]Sapphire Nitro RX 580 8gb, XFX GTR XXX RX580 4gb, X299 motherboard, Z170/Z270 Motherboard, Supermicro Dual 2011 combo, I7-5820K, Pentium G4400, NZXT Kraken G12, Samsung Gear S2 Smart watch[W]Local cash, google pay, paypal












submitted by turk-fx to hardwareswap [link] [comments]

GAW Miners - Liars, Frauds - A brief recap of what we know.

EDIT: I was asked by a GAW staff member to compile a list of questions the community has with/about GAW, Paybase, etc. Please provide any questions you have below and I'll have them forwarded
EDIT 2: It seems Josh is working on answering the questions I've asked and compiled. We'll see what happens when answers are released.
Hello, in the midst of this public uprising against GAW I'd like to present some facts for those of you who either:
a. Don't know who/what "GAW" is and why they're a scam,
b. Are brainwashed by Garza; those of you who genuinely believe in Paycoin and GAW Miners,
c. Don't quite have all of the information.
Note that I don't have every possible snippet of information out there, I'll just bring up some of the main points and complaints.
Pre-GAW
Ten months ago Garza was first introduced to the Bitcoin community in this post and this post.. From these posts we learn quite a bit of information regarding Garza's past; he offered false business deals to eBay sellers to partner with him. In the first article, we see that after he offered this couple "20% of his total profit" from his mining company and the couple asked for a reasonable counter-offer of $5k/month to pay their bills since they were unemployed, Garza filed a false Significantly Not As Described case on eBay, causing the couple to quite a bit of money and seriously affected their finances. The couple did some research about Garza and found this:
After looking at their old facebook profile, we saw that they were originally DirectTV salesman preying on small rural towns around New England offering people high-speed, internet and other telecom services that these people weren't able to get for whatever reason before. GAW was able to coerce MBI (Massachusetts Broadband Institute) to donate $40,000 to them for helping to bring services to everyone in the communities. Garza promised to build towers and other bullshit in these towns to help provide services, but they never did. At some point even when community leaders (one was David Kulp) repeatedly tried to get in touch with them, they never heard back.
So, it seems Garza has a knack for deceptive practices 'eh? Since the posts are so long and there's a lot to discuss, I'll let you read them and formulate your opinion on Garza. (Thanks to DidHeJust for the links to those threads).
-Early Phases
Originally, GAW showed NO proof of mining at all (not an address, block, pictures of mining hardware, pool usernames, nothing). Later on, during the Hashpoint 'mining' phase, he purchased 5 PH/s worth of mining equipment from Bitmaintech. For the short amount of time Paycoin was available for proof-of-work mining, there were tons of people renting mining rigs in order to get a cut of the "$20 Paycoins." Since the difficulty was fairly low, the prices per TH/s of these miners were very high, making it extremely easy to ROI on them. I'd be willing to bet that GAW rented out a lot of their hashpower for profit. They're currently selling the hardware they have left from this on oneminer.com.
There was also a brief period of time where you were able to purchase hardware from GAW and have it point to a pool of your choosing; however, this didn't account for too large of a portion of the hashpower they claim to have sold.
-Forums
GAW Miners owns a forum created them them, Hashtalk. This forum is heavily censored; if you attempt to inquire about some of GAW's deceptive practices, broken promises, or Paycoin design you'll either be outright banned or shadow banned (your account will remain useable to you, but nobody will be able to see any of your posts). This led to this uncensored discussion thread on Bitcointalk.
- Broken Promises
Promise 1: *"Always Profitable"**
GAW Miners claims that their Hashlets would always remain profitable and the $0.08 fee per MH/s would go down overtime. You know what GAW did instead? They kept their fees the same even when people were receiving only 1 satoshi. That's hardly profitable at all, as it's the minimum amount that they can really pay. So, they decided to move to mining Hashpoints for Paycoin (another broken promise, explained later).
Promise 2: *"Paycoin would launch with a $20 floor"**
This one is interesting. For the three months or so Hashpoint mining was available, Garza claimed that Paycoin would have a $20 floor (essentially that GAW would buy up any coin sold below $20 to keep the market place there or higher). Now, however, they've purged their censored forum of such claims so all that remains are screenshots as proof. Here's a few: https://i.imgur.com/YFXJiKB.png and https://i.imgur.com/HnotyMB.png Paycoin was traded at about $20 for a very brief period of time, but since then it's been dropping steadily, trading at just above $6/ea currently. Garza has done nothing to rectify the situation since.
Promise 3: *Large merchant support on launch**
From this thread we see that Garza promises that:
That’s right, you will be able to shop with Paycoin on the Amazon, Target, Walmart, Macy*s and Best Buy’s online stores.
A journalism website, coinfire.cf, contacted Amazon and the other companies claimed to be partnered with GAW. These companies all denied being affiliated with GAW, Amazon even threatened legal action if this continued. Once the article was published, the coinfire website was mysteriously hacked and the day after GAW threatened legal action. Read more about it here:
https://coinfire.cf/2014/11/22/is-gaw-miners-lying-about-partnerships/ and http://www.scribd.com/doc/248372603/Coinfire-Cease-and-Desist
-Censorship [Developing!!!]
At the moment GAW is taking down videos they've posted where they've made a certain "statement" on their mining.
-Paycoin
Ah, Paycoin. An altcoin plagued by delays and broken promises. Originally set to launch at $20 per coin, falsely leading people into investing money into Hashpoint miners for profit. The things Josh is doing and has done to get people to use Paycoin are laughable, I'd consider it treason against the Bitcoin community. He purchased the domain btc.com for $1,000,000 only to have it redirect to Paybase. Fun stuff 'eh? He's also claimed that his coin would be better than Bitcoin, denouncing it in order to promote his own coin. From code snippets we've seen, Paycoin's "Prime Nodes," part of the PoS system to generate new coins, has the ability to generate coins at a 350% interest rate. These wallets/stakers/controllers/nodes are only able to be controlled by GAW, of course. The code:
int64 nSubsidy = 0; int64 nRewardCoinYear = 0; // creation amount per coin-year if (primeNodeRate == 0) nRewardCoinYear = 5 * CENT; else if (primeNodeRate == 10) nRewardCoinYear = 10 * CENT; else if (primeNodeRate == 20) nRewardCoinYear = 20 * CENT; else if (primeNodeRate == 100) nRewardCoinYear = 100 * CENT; else if (primeNodeRate == 350) nRewardCoinYear = 350 * CENT; nSubsidy = nCoinAge * nRewardCoinYear * 33 / (365 * 33 + 8); if (fDebug && GetBoolArg("-printcreation")) printf("GetProofOfStakeReward(): primeNodeRate=%d create=%s nCoinAge=%"PRI64d"\n", primeNodeRate, FormatMoney(nSubsidy).c_str(), nCoinAge); return nSubsidy; 
Paycoin started off as a coin with a 13,000,000 coin market cap, with two stages. A Proof of Work and Proof of Share. Check this out: https://twitter.com/gawceo/status/532173907718332417 - Garza claims that he "mined" for the 12,000,000 coins he gained, although block one was programmed to give him that much... hah!
Credits to https://gist.github.com/jyap808/3f99de084df18ce325a7 for this;
Block 1. 12 million premine.
343,196 XPY mined during Proof of Work period.
343,196 - 56,889 = 286,307 XPY not mined by GAW Miners
12,343,196 XPY coins mined Total at the end of Proof of Work including pre-mine.
100 - (343196.0 / 12343196 * 100) = 97.22% Premined at the end of Proof of Work
It also seems like Garza stole the logo for Paycoin from https://www.gopago.com/. If you compare it with what's on https://paybase.com/ they're identical.
-Current and Recent Events
It's also known that there was a massive security/data breech during the Paybase launch, which allowed users to see other's balances and personal information https://coinfire.cf/2014/12/31/massive-security-breach-at-paybase/ which is being blamed on a "Cloudflare Caching Issue," however, that excuse makes very little sense.
Currently, people are having trouble withdrawing their Paycoins from Paybase, which GAW is blaming on Authy. Authy's services are functioning fine for all other services, which leads us to believe that it isn't Authy's fault.
When Hashtakers were sold, they would've only been really profitable at the $20 per Paycoin mark. With the current price people are losing money on their investment.
Note: This is somewhat unfinished and I'd like to hear feedback on what I should add and revise.
submitted by iTipBitcoin to Bitcoin [link] [comments]

[uncensored-r/Bitcoin] Debt Free! I paid off my Medical school loans! Bitcoin changed my life!

The following post by WittgensteinianInk is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7lt0xc
The original post's content was as follows:
I started mining around 2012. Started mining on GPUs to build out an amazing gaming rig and just kept upgrading the rigs. I just kept getting more, GPUs and my home started looking like a server.
Even got one of the first Butterfly ASICs (mined a few bitcoins realized I would net more bitcoins selling it on Ebay and buying in). Slowly I stopped mining as my GPUs stopped getting a profit and my overclocked gpus slowly burnt themselves out.
Then I just hodl. Just didn't pay attention, checked out, and said I wouldn't do anything until it changed my life.
Fam, this last month it changed my life. I said I would sell at 10K to pay off loans, then it shot up to 18 before I knew it. This is amazing, I sold not even 10% of my hodlings and am now debt free.
Again, I am drawing the sell line in the sand. Not until it changes my life again. This time the line is to buy a house, when I can do that with Bitcoin I will have to part with a little bit more. Excited for that day!
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Destin - BEFORE YOU BUY THE BITCOIN MINER!

You should consider that the difficulty of Bitcoin mining has been increasing exponentially, so by the time it gets to you the ASIC you bought might not be profitable anymore. Also consider those things are super power hungry. Something like a refrigerator. Maybe two.
Linus Tech Tips has been doing a series on Crypto mining, and he's made a video (currently in early access) about Bitcoin Litecoin mining with ASICs. They actually made $30-46 a day after power is considered over the course of a month, but that can't be expected going forward because of the increase in mining difficulty. Also the miner they got is no longer available from the manufactuerer and goes on eBay for twice MSRP (MSRP being around $2500).
As for mining other ASIC-resistant coins like Ethereum, consider that finding a GPU at MSRP is super difficult now. You should buy a rig for its other benefits it could bring you (gaming, video rendering, artificial intelligence, etc) and just use mining as a means of paying it off.
MrPennywhistle
submitted by Damen500 to NDQ [link] [comments]

Potcoin Guide For New Crypto Users. (Beginners)

Beginners information to Cryptsy Currencies. By Jason Davies
To buy any other crypto currency the first thing you need is a set amount of bitcoins to buy other currencies as they are not on official stock markets yet. To get bitcoins visit https://localbitcoins.com/
The cheapest rates will always be the sellers at the top of the list you will need to look at trade limits to see if they accept the amount of £ you want to invest and buy BTC. Always remember bitcoin is currently the heart and soul of buying other currencies you need to have bitcoin to be able to buy any other crypto currency.
Bitcoin is constantly expanding and there has not been an article recently showing any signs of decline. The most recent talks have been bitcoin insurace, Google accepting Bitcoin and Ebay aswell. Since bitcoin has only been on the scene for a few years there is a big stigma behind whether it is safe or not. The answer to this question would be invest what you can afford to lose, keep upto date on the latest news regarding the coins you invest in and always check the current trade prices so you dont get ripped off. Investing in anything comes with its risks it all depends whether you like a gamble and whether you can accept your money being held in another currency.
so whats the big hype about ? Online currencies are different from the usual paper money you use everyday in yourlife. There are a set limit of coins. For example Bitcoin have a limited number of coins which is 21,000,000,000 in circulation. They will never make more and they will never remove the coins. This means the more demand and the more people using it the value per coin rises. In the real world banks print more money instead of letting wealth grow. The banks get away with defacing the currency every day so more and more people are putting there assets into online currencies.
What is mining ? Mining is the community helping the currency stay alive. If you send or recieve coins it needs 3 people to confirm the address. Confirmations occur Anonymously so trading is completly safe. Each time somebody confirms a transaction they get a reward. It is normally 0.00000001BTC reward for every confirmation taking weeks to make a couple of hundred pounds. Mining is only worth doing if you do not pay the electricity bill, you also need to spend thousands on a rig for it to be worth your time as there are now thousands of people mining the rewards become less.
When a coin is launched mining also allows people to mine the coins from the Developers so they are distrubuted fairly to first investors. Once the coins have been mined from developers mining will be confirming transactions only and the price will rocket as the demand will increase. This is why when you see alternate currencies the price per coin is really low, this is miners dumping coins for fast profit then moving onto next coin. It is best to purchase coins as soon as they are launched to maximise profits but you will have to wait a couple of years before finding out if it has made you rich.
What influences the value of a coin? At the launch of a coin prices will often start out at different rates. This is because the people mining are faced with a set amount of coins to mine per block. A block is a specific amount of the coins. As the blocks progress there are less coins to mine. Long term this is an advantage to all coins because the demand gets greater the less coins there are to be mined. When all the coins are mined the price is purely then influenced off demand. Most blocks start off with a large sum of coins to mine but not all. Some coins provide blocks to mine with small amounts of coin, this makes the coin worth more to start out with. I will do a short example below i hope it explains why coins are cheaper to start out with.
Remember once the first block has finished, the next block starts. They are not open to mine all at the same time.
1st block: 1,000,000 coins to mine 2nd block: 800,000 coins to mine 3rd block: 750,000 coins to mine 4th block: 600,000 coins to mine
So as more blocks that get mined the less coins are mined. At the start of a coin the miners dump the coins for cheap allowing you to buy a bulk amount of them before the coins success starts like bitcoin. It took 2 years before bitcoins price rocketed in value. Its always a smart idea to look at the max amount of coins in circulation and the amount of coins per block to fully determine its value. Using the blocks i have provided above imagine 100 people mining at the same computer rate each person at the end of "1st block" would get 10,000 coins., then next block they would receive 8,000 coins and so on.
Potcoin has 420 coins per block to mine so the coins are really hard to get making the value of it higher to start off with. If there were a few thousands coins mined at the end of its block the price would be far lower. If the demand was there.
are transactions really as fast as marketed ? Yes! I will use localbitcoins as en example. If you wanted to sell your bitcoins back you click on sell bitcoins and find a buyer with the best price. You then put in the amount of bitcoins you want to sell and click send trade. A live chat will then apear on the right hand side, you will wait for a confirmation of funds sent, check your bank online and then release your bitcoins. Selling bitcoins is a direct bank transfer so you see the money in your account straightaway.
Why do people trust bitcoin? People trust bitcoin because it is set up how banks were first created. With a set limit of currency any trades up the the value. Since the federal reserve etc was created it allowed banks to print more money effecting the value of paper currencies. To hard working people this stops there wealth growing, if anything it makes there wealth collapse which is why there is a stupid amount of loans and debt in the current world today. Many banks such as HSBC are costantly defacing the currency with scandals like the mexican drug laundering scandal for king pin mexican drug lords.
what did silk road do the price? Silk road was a website that accepted bitcoin payments. Silk road was a website that sold drugs anonymously but was taken down by government due to the illegal transactions. At first the price of bitcoin dipped but a week later the price rocketed. This is because it showed investors Bitcoin Developers are willing to remove any "bad eggs" from there currency which helped protect the coin even more.
Why do so many people use bitcoin? People use bitcoin to avoid tax and to stay away from bank scandals that could potentially have a huge affect on the value of there paper money. For example if you wanted to go abroad you would put all your holiday funds into bitcoin and when you get off the plane on holiday go to the nearest library or place you can access a computer to sell your bitcoins locally. This allows you to transfer currency without paying tax that you would do using the post office. Also huge companys are starting to see the advantage because transfering funds bank to bank come at a really high cost which is normally around 5 - 10% of the transaction. If you was to do a transaction with bitcoin it would cost no more than 37p.
Max keiser a multi million pound investor predicted by the end of 2014 bitcoins price could rise to around £600,000 per coin. So back to the question will it make me a millionaire ? The answer is simple "we are all hoping for this outcome" It comes with risks and a bit of faith. The best chance at becoming a cyrpto millionaire is to keep upto date with the plans each currency has to make it big. Most currencies get involved with the media to attract new buyers each media stunt seems to rise the price and level it out to a new higher price.
Will i have to pay tax on it? Nobody pays tax on Bitcoin because it is P2P person to person transfers avoiding paying tax through banks. A good example could be paying your friend for something in person you avoid paying tax and charges. This is why so many people and business's have started to use online currencies.
Crypto wallets The main bit of information you need to know about your wallet is backing it up and saving it to your computer. This will save the code given to send and recieve coins. Also the first time you download a wallet it will take a long time to fully sync the wallet. Please have patience with the first load, loading after the first sync will be really fast.
Can bitcoin become worthless? Yes the only reason bitcoin has become successful is because it is similar to how the internet works. It is the power of the people keeping it alive. Bitcoin works off demand. Personally i believe it will not get to the stage of becoming worthless due to it being better than any bank in the world as far as charges and the cost to the user. There are also insurance companys in the U.K setting up a system to make it even more secure. A coin called German Mark became worthless because it never made it onto trade sites. Nobody is in the position to say it will never fail because nobody can speak for the whole population and nobody can predict the future technologys.
Who controls bitcoin? Bitcoin is controlled by all the users on the network. There is no set owner who can just log in and change the value or amount of coins in circulation. Once the system goes live that is it its there to stay until nobody uses it. Developers can improve the software but cannot change the amount of coins in circulation, they cannot steal from peoples wallets and they cannot just turn bitcoin off. The best way to look at bitcoin would be to compare it with the internet or emails.
What does satoshi mean? satoshi is a word used to describe a small some of bitcoin. Examples: 2 satoshi = 0.00000002 BTC 20 satoshi = 0.00000020 BTC 200 satoshi = 0.00000200 BTC
So if you wanted to buy X amount of dogecoin somebody will tell you the price in satoshi, this is how much each coin is in bitcoins.
Example: i have 20 doge coin, i want to sell them at 200 satoshi. so the total cost would be: 20dogecoin x 0.00000200btc = 0.00004000bitcoin for the 20 doge coin.
the word satoshi is a term we use like pounds and pence. Its used to describe the micro amount of a coin.
Trade sites:
https://coinbase.com (very trusted) https://vircurex.com/ (very trusted) https://bter.com (very trusted) https://coinex.pw/ (very trusted) https://cryptorush.in/ temp log in:cryptorush password:Dsdhoide84983420 (new to trading scene) http://incryptex.com/ (new to the trading scene)
Keeping an eye on prices. There are many sites you can keep an eye on the current price of your coins. I am an investor in dogecoin, so i will use the website i use as an example to show you. Once you have loaded the website you will see at the top 3 prices for the current coin on seperate websites that hold trades this shows you the current buy and sell rate http://dogemonitor.com/
This site also allows you too look at the top 80 currencies currently on the exchange market. It allows you to keep an eye on the price, market cap, current supply and how well it has done over the past 24hours. This site is like my bible for keeping an eye on multiple prices at once. http://coinmarketcap.com/
I strongly reccomend making a social networking site devoted to liking or following all currencies on the market so you can keep upto date with the latest news that can help influence buying or selling a coin. Keeping upto date on currencies will help you if you want to buy and sell coins daily profiting off current trends in the market. Personally i am a big investor that likes to buy bulk of each coin, i do this because of what happened to bitcoin i have the patience to wait a couple of years like the millionaire investors did with bitcoin. I find daily trading a very bigger risk but that is my personal opinion it also takes up alot more time and can become a full time job.
I decided to make this article on some of the most common asked questions because i am a new investor that has also asked the same questions. It has taken me a couple of hours to write up. I decided to do this because i have spent alot of hours helping friends and family with the information. I thought id put information together regarding some of the big questions nobody seems to get honest answers from. I noticed when i first started alot of the investors that have been at it for some time choose to ignore new investors. I thought it was very rude and i couldnt understand why they dont want to help us new folk trying to put food on the table.
As i looked into it more and more spending a couple of weeks with my head in private channels studying what people are saying i realised they dont educate people because they want to be able to buy and sell coins cheaper to make a bigger turn over. I dont like greedy people i think its whats wrong with the current system we live in greed it has stopped all parts and all areas of life progressing. I believe greed has soaked up wealth into 1% of the population. Luckily i met potcoin!
My goal was to share as much information as i could and i really hope i have helped you with honest information. I understand some investors have children and familys to support so i have tried my best to give the most honest answers, i understand risks to everyone have a huge impact so i am trying my best to help everybody.
Bitcoin wallet address: 1FFD1XuS5oXeNwK9tw9LTcJaeqFvwXsEh5 Potcoin wallet address: PTBvrh4dUXhbEdtHG5SzKdtbCUdH9s7RfY
All the best in the world of cyber currencies. I hope the information i have provided has given you the information i once seeked. Kind Regards Jason Davies
submitted by thekingjayd to potcoin [link] [comments]

My Butterfly Labs Story (Advice Requested)

You've probably heard this story. I first learned about bitcoin in late march of this year, and for some reason, mining to me seemed like a much better prospect than just buying bitcoins outright. (Smart, I know.) So I came upon BFL, and though I knew the company wasn't great, at the time, they were the only one around that had an affordable mining rig. They said that new orders should be shipped in June? Well, heck, even if I didn't get it until August I'd still be okay.
So anyway, in September, I finally gave up on them shipping it, requested a refund, requested a chargeback from my credit card company. While my bank/credit card offered me a temporary credit for the price, the final determination is still under review. I was worried that in this review time, BFL might finally ship me the miner, which is almost worthless as of today, so I sent them an email telling them not to ship it to me, as this case is still under review. Sure enough, in my inbox yesterday, I got a little message from BFL informing me that my miner has shipped!
So now I'm not sure what to do. I know that I could sell it on ebay for a fraction of what I paid if I just accepted it. I could not sign for the package and risk having it sit in a Post Office, only for it to lose even more value in case my credit card denies my claim. I'm afraid that if I sign for it, my credit card/bank will deny the claim. What I really want is for the miner to just go to the next person on the list and just get a full refund, but I'm not sure what happens in situations like this. Any advice would be helpful.
The worst part of it is that since I've had so much money tied up in this investment, I haven't been able to put anything into buying actual bitcoins, so it's been pretty frustrating to watch the price double in the time since I bought it and me still without a bitcoin to my name. I'd gladly buy some bitcoins if I knew this miner would get refunded, but I can't justify the expense if I'm going to get a useless miner and a huge charge for it. Bleh.
TL:DR - Got BFL'd. While waiting for a chargeback to get approved, BFL finally decided to ship it. Need advice on what to do before it gets here. Thanks!
EDIT: Thanks for all the advice. I'm going to refuse the package and hope for the best!
submitted by hotdogsafari to Bitcoin [link] [comments]

Gaming On A Mining Rig?!?!? - YouTube I bought an Old Bitcoin Mining Rig - YouTube How to Build an Ethereum Mining Rig in 2020 - YouTube What’s the Best Bitcoin Miner to buy in 2020? - YouTube How To Build a Crypto GPU Mining Rig With $1000 or Less ...

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Gaming On A Mining Rig?!?!? - YouTube

Can you game on a mining rig? What's the bottleneck like once you cram together a Celeron, 4 gigs of RAM, and a PCI-E riser? Will it meet you gaming needs in... Should you buy a pre-built btc cryptocurrency mining rig? The answer depends, lets review the Coinmine One and discuss the status of gpu mining in 2019 and t... This video will discuss how to build an ethereum mining rig in 2020. If you are interested in mining ethereum, you must watch this video! Note: no rig assemb... What to look out for when buying Bitcoins or Bitcoin mining contracts on eBay. This also includes resources to use when buying Bitcoin or mining Bitcoins. This new cryptocurrency mining rig is earning over $22 dollars a day, should you buy it?! Is a crypto miner a good investment?! Let's review the mining profi...

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