Recommended Posts

In Neowin's Home for Peculiar Threads, was an interesting link:

 

https://whattomine.com/coins?utf8=✓&eth=true&factor[eth_hr]=29.0&factor[eth_p]=135.0&grof=true&factor[gro_hr]=21.3&factor[gro_p]=150.0&x11gf=true&factor[x11g_hr]=6.7&factor[x11g_p]=140.0&cn=true&factor[cn_hr]=730.0&factor[cn_p]=110.0&eq=true&factor[eq_hr]=290.0&factor[eq_p]=120.0&lre=true&factor[lrev2_hr]=4900.0&factor[lrev2_p]=130.0&ns=true&factor[ns_hr]=0.0&factor[ns_p]=0.0&lbry=true&factor[lbry_hr]=105.0&factor[lbry_p]=175.0&bk2bf=true&factor[bk2b_hr]=1150.0&factor[bk2b_p]=210.0&bk14=true&factor[bk14_hr]=1970.0&factor[bk14_p]=190.0&pas=true&factor[pas_hr]=700.0&factor[pas_p]=135.0&bkv=true&factor[bkv_hr]=NaN&factor[bkv_p]=NaN&factor[cost]=0.1&sort=Profitability24&volume=0&revenue=24h&factor[exchanges][]=&factor[exchanges][]=bittrex&factor[exchanges][]=bleutrade&factor[exchanges][]=btc_e&factor[exchanges][]=bter&factor[exchanges][]=c_cex&factor[exchanges][]=cryptopia&factor[exchanges][]=poloniex&factor[exchanges][]=yobit&dataset=Main&commit=Calculate&adapt_q_280x=3&adapt_q_380=0&adapt_q_fury=0&adapt_q_470=0&adapt_q_480=1&adapt_480=true&adapt_q_750Ti=0&adapt_q_10606=0&adapt_q_1070=0

 

(URL from hell...)

 

Anyone want to make thoughtful and informative discussions/notes on the general subject area?

 

Are upward trending prices putting mining within reach of the individual again?

 

With SHA-1 going down in flames is it possible some future Quantum Computer will invalidate Crypto Currencies?

 

Anyone here stocking up on digital currencies?

 

Etc...

 

Edited by DevTech
added Reference to the title to suggest old thread not get locke

Is this like the black market? What sites accept Bitcoins, etc.?

 

I don't exactly get the mining part yet, but, I guess the more I look into it...

Plenty of legitimate websites accept Bitcoins; it isn't some spooky deep web only currency. Newegg for instance accepts bitcoin. Bitcoin is similar to torrents, they both gained popularity through illegal means but there are legitimate purposes for both. I have a small amount of bit coins and havent planned on spending or acquiring more at the moment. Among others that accept the currency are, Microsoft, Mozilla, Steam and Paypal has started this process of accepting them as well.

 

At the time, my XFIRE 6870's were mining machines. Now it seems worthless to use your GPU or CPU, the returns are to low.

 

Quote

To begin mining bitcoins, you'll need to acquire bitcoin mining hardware. In the early days of bitcoin, it was possible to mine with your computer CPU or high speed video processor card. Today that's no longer possible. Custom Bitcoin ASIC chips offer performance up to 100x the capability of older systems have come to dominate the Bitcoin mining industry.

Bitcoin mining with anything less will consume more in electricity than you are likely to earn. It's essential to mine bitcoins with the best bitcoin mining hardware built specifically for that purpose. Several companies such as Avalon offer excellent systems built specifically for bitcoin mining.

 

Edited by Circaflex

https://www.ethereum.org/

 

Ethereum is a  decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.

 

These apps run on a custom built  blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk.

 

The project was bootstrapped via an ether pre-sale during August 2014 by fans all around the world. It is developed by the  Ethereum Foundation, a Swiss nonprofit, with contributions from great minds across the globe.

 

https://github.com/ethereum

 

https://github.com/ethereum/mist/releases

 

 

Just now, Mindovermaster said:

You know anything about Dogecoins or Peercoins?

 Not yet. Trying to come up to speed after that interesting crypto mining  link was posted in the very weird RX 480 thread that    went off the rails.

 

My core interest is "The Future of Money" will implode if Quantum Computers become powerful enough to hack it.

 

In the mean time, the mining side of it is also a vastly interesting scenario for using GPU cards.  When people are not playing games, there is a vast GPU computing potential lying dormant across human civilization...

 

Is mining even feasible anymore? I remember years ago people talking about needing tons of dedicated hardware just to get a meaningful amount and even then you'd be lucky if it would pay off the electricity it used and I can only imagine how much the difficulty has gone up since then.

3 minutes ago, Rigby said:

Wouldn't it take like an array of supercomputers to mine anything meaningful now? You would still never pay off what it costs in electricity.

https://en.wikipedia.org/wiki/Bitcoin_network#Mining

 

"To lower the costs, bitcoin miners have set up in places like Iceland where geothermal energy is cheap and cooling Arctic air is free.[15] Chinese bitcoin miners are known to use hydroelectric power in Tibet to reduce electricity costs.[16]"

 

I've not yet found easily digestible info on mining for other cryptocurrencies and how it compares to bitcoin mining.

 

2 hours ago, DevTech said:

https://www.ethereum.org/

 

Ethereum is a  decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.

 

These apps run on a custom built  blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk.

 

The project was bootstrapped via an ether pre-sale during August 2014 by fans all around the world. It is developed by the  Ethereum Foundation, a Swiss nonprofit, with contributions from great minds across the globe.

 

https://github.com/ethereum

 

https://github.com/ethereum/mist/releases

 

 

 

I'm not particularly well informed when it comes to cryprocurrencies and block chain, and while I find it all interesting, as a software developer, I'd take a lot of convincing to get involved in something like this.

 

http://fortune.com/2016/06/18/blockchain-vc-fund-hacked/

 

http://fortune.com/2016/09/04/ethereum-fall-out/

https://www.neowin.net/news/central-bank-of-russia-wants-a-national-cryptocurrency


 

Quote

 

Russia wants to build its own cryptocurrency that it believes will be better than bitcoin, this is according to the Central Bank’s Deputy Governor, Olga Skorobogatova. The announcement comes not long after the Central Bank said that it would be pushing for legislation which would introduce a tax on bitcoins and other digital currencies.

 

Speaking at the St. Petersburg International Economic Forum (SPIEF) 2017, Skorobogatova said:

 

“Regulators of all countries have come to the conclusion that it is necessary to do a national virtual currency. This is the future. Each country will decide the issue of a specific time and maturity independently.”

 

 

https://www.neowin.net/news/bitcoin-valuation-reaches-2000-for-the-first-time


 

Quote

 

As the world's most popular cryptocurrency, Bitcoin has been experiencing a surge in its value over the last year. Now, it has hit a new high, reaching a valuation of $2,000 per coin for the first time.

 

The currency has come a long way in the last few years. It first reached a milestone valuation of $1,000 back in 2013, but then dipped in value significantly, partially due to issues with Mount Gox, one of the largest Bitcoin exchanges. The currency has, however, stabilized greatly in the last year and has been on the rise ever since.

 

The latest valuation not only marks a new record for the cryptocurrency, but also brings the total market cap - the total amount of the currency in circulation worldwide - to $32.92 billion, a significant achievement in the currency's quest for greater stability, and the possibility of competing with national currencies in the near future.

 

It's not all roses and sunshine for Bitcoin, though, as this increase in value has been mirrored by other cryptocurrencies as well, albeit at much higher rates of increase of up to 1000%. As a result, of the total market cap of around $70 billion for all cryptocurrencies, Bitcoin now has only 47%, compared to 80% just a few months ago.

 

This decline has been attributed to the extreme popularity of Bitcoin, and the inability of the network to scale in stride, resulting in slower confirmations for transactions. While Bitcoin currently remains the king of cryptocurrencies, this trend may suggest a possible future where alternatives like Ripple or Ethereum may match or even exceed Bitcoin's current market share.


 

 

Forget Bitcoin and even Litecoin, you can't mine those anywhere near efficiently without expensive ASICs that cost too much and return so little. There are many altcoins which are profitable, Ethererum, Ethereum Classic, Expanse, Siacoin, Decred, ZCash, ZCoin just to name a few.

 

I dual mine Ethereum and Siacoin right now with RX480/RX580s, yes it's possible to make money however it's going to be a struggle to get the GPUs as the stock is really hurting right now! 

 

You really have to do your research too, Ethereum has had its problems however a 51% attack is unlikely to happen at any stage in the future. The real problem will come when Proof of Stake hits and the so-called "Ice Age of Ethereum" happens. Miners will likely scatter and start mining other altcoins which may or may not affect the value and efficiency of mining them yourself, there's a lot of risks but also a lot of rewards. As long as the mining brings more money back than what it costs to run, it is still viable and likely will be for a long time.

 

Bitcoin is currently suffering from transaction woes, with a long time to authorise and authenticate transactions. It has already lost its market share and with problems that aren't supposed to happen and no fix looking likely anytime soon, other altcoins like Ethereum may take over and become the market leader. A lot of people seem to agree as the value of Ethereum has risen by 1000% in the past few months and may yet see either a meteoric rise or a great crash as has happened a few times in the last month when people cash out and cause a drop in the value.

 

EDIT: I should add that there are also incredibly altruistic and feel-good ways to gain money too if you so wish, there are things such as CURECoin which allows you to do Folding@Home but gain money for doing it.

Edited by Alera
3 hours ago, Alera said:

EDIT: I should add that there are also incredibly altruistic and feel-good ways to gain money too if you so wish, there are things such as CURECoin which allows you to do Folding@Home but gain money for doing it.

That is interesting. I did F@H a few years ago, when it was all the rage. Didn't know there was a way to make money off it.

5 hours ago, Alera said:

Forget Bitcoin and even Litecoin, you can't mine those anywhere near efficiently without expensive ASICs that cost too much and return so little. There are many altcoins which are profitable, Ethererum, Ethereum Classic, Expanse, Siacoin, Decred, ZCash, ZCoin just to name a few.

 

I dual mine Ethereum and Siacoin right now with RX480/RX580s, yes it's possible to make money however it's going to be a struggle to get the GPUs as the stock is really hurting right now! 

 

You really have to do your research too, Ethereum has had its problems however a 51% attack is unlikely to happen at any stage in the future. The real problem will come when Proof of Stake hits and the so-called "Ice Age of Ethereum" happens. Miners will likely scatter and start mining other altcoins which may or may not affect the value and efficiency of mining them yourself, there's a lot of risks but also a lot of rewards. As long as the mining brings more money back than what it costs to run, it is still viable and likely will be for a long time.

 

Bitcoin is currently suffering from transaction woes, with a long time to authorise and authenticate transactions. It has already lost its market share and with problems that aren't supposed to happen and no fix looking likely anytime soon, other altcoins like Ethereum may take over and become the market leader. A lot of people seem to agree as the value of Ethereum has risen by 1000% in the past few months and may yet see either a meteoric rise or a great crash as has happened a few times in the last month when people cash out and cause a drop in the value.

 

EDIT: I should add that there are also incredibly altruistic and feel-good ways to gain money too if you so wish, there are things such as CURECoin which allows you to do Folding@Home but gain money for doing it.

That is a very nice informative post you have made.

 

There seems to be so much misleading information out there on the subject of mining. Any chance you have some useful links for members here on starting out with mining and maybe even bootstrapping to ASIC?

 

Is the RX 480 that far ahead of the NVIDIA 10xx series?

 

https://www.neowin.net/news/eu-funds-consortium-to-prevent-criminal-use-of-blockchain-technology


 

Quote

 

The European Union (EU) has begun funding a new consortium called TITANIUM (Tools for the Investigation of Transactions in Underground Markets). The project will run for three years and cost €5 million. The consortium hopes to developer technical solutions for investigating and preventing crime and terrorism that involves cryptocurrencies, such as bitcoin, and underground markets.

 

The project’s co-ordinator, Ross King, from the Austrian Institute of Technology (AIT), said:

 

“Criminal and terrorist activities related to virtual currencies and darknet markets evolve quickly and vary in technical sophistication, resilience and intended targets … The consortium will analyse legal and ethical requirements and define guidelines for storing and processing data, information, and knowledge involved in criminal investigations without compromising citizen privacy.”

 

 

5 hours ago, DevTech said:

That is a very nice informative post you have made.

 

There seems to be so much misleading information out there on the subject of mining. Any chance you have some useful links for members here on starting out with mining and maybe even bootstrapping to ASIC?

 

Is the RX 480 that far ahead of the NVIDIA 10xx series?

 

I will post some links once I'm out of work to help get started. Eventually I think I'll be writing my own guides to make it easier.

 

Certain algorithms are more efficient on AMD or NVIDIA, Ethereum for example runs more efficiently on AMD cards especially when they're modded with BIOS roms and tuned correctly.

 

A 480 stock will do 24MH/s at 150W, a 1070 will do 25MH/s at 130W. The 480 can be modded to run at 30MH/s at only 95-100W of power. Some 470/570s can manage it at even lower power usages while sacrificing some speed.

 

On the flip side, a 1070 on Zcash will do 400SoI/s, a 480 will only manage 220 or so.

So :ohttps://www.coingecko.com/buzz/how-to-mine-ethereum-basic-guide?locale=en

 

Here's a pretty good guide on how to get started, note however that this isn't the way I do it currently. I'll be writing up a guide complete with links to software and screenshots when I have time, so maybe over the weekend!

 

Will post an update here when I'm done to hopefully help you a bit more!

Well ... I decided to do a little test run with NiceHash (though I still do not fully understand this whole mining thing).

 

This is what I got so far ...

 

Capture.thumb.JPG.4556c80fe4ae4440a9bdb4b7edec35b8.JPG

 

...though I'm not entirely sure if that breaks even for power consumption.  Will have to do some calculations later .. next time I look at how much my power company charges me.  Pulling 378 watts ... according to the UPS and HWiNFO (220W on just the GPU).  Not very scientific at all ... but yea ... not sure about this.  Did a quick google for ASIC bit miners ... and went "nope."

  • 2 weeks later...

http://www.flippening.watch/

 

http://blog.flippening.watch/must-reads-for-better-understanding-the-flippening/

 

“The Flippening” refers to the possible future event when Ethereum overtakes Bitcoin to become the biggest, most valuable, and most important cryptocurrency.

 

Quote

Until recently, Bitcoin has held the top spot without any serious competition since its creation in 2009. As recently as February 24th, 2017, Bitcoin’s market capitalization represented 86.74% of the total market capitalization of all cryptocurrencies. Since then, even though its unit price has risen, Bitcoin’s market share has fallen precipitously and now stands well below 50% (check here for the most recent numbers). At the same time, other cryptocurrencies, especially Ethereum, have rapidly gained market share.

 

  • sc302 locked this topic
This topic is now closed to further replies.
  • Posts

    • A coalition of publishers sued OpenAI and Microsoft over scraping content without consent by Hamid Ganji Image via Depositphotos.com AI companies often rely on readily available internet content to train their chatbots and provide users with instant answers. This method of AI training is fast and relatively inexpensive, but using a website’s content without permission or compensation is not something publishers like to see, and this is exactly why Microsoft and OpenAI are now being sued. As reported by Bloomberg, a group of publishers that collectively own nearly 400 newspapers has filed a lawsuit against OpenAI and Microsoft. The coalition argues that the two companies scraped their content to build AI chatbots like ChatGPT and Copilot without paying any compensation. The complaint, filed in the U.S. District Court for the Southern District of New York, argues that while AI products have generated billions of dollars in market value using publishers’ work, none of that value has been shared with the publishers. The plaintiffs are seeking statutory damages and injunctive relief for alleged copyright infringement and violations of the Digital Millennium Copyright Act. “Defendants systematically and secretly crawled the Publishers’ websites—including content behind paywalls and other access restrictions—and copied the Publishers’ articles, stories, and other original works onto their own servers without authorization,” the complaint states. The publishers also described the AI boom as a “death knell for local journalism” if AI companies that scrape content for free are not held accountable. Former New Jersey Attorney General Matthew Platkin and his law firm, Platkin LLP, are representing the publishers. “Our models empower innovation, are trained on publicly available data, and are grounded in fair use,” OpenAI spokesperson Drew Pusateri told Bloomberg. This is not the first lawsuit involving the unauthorized use of publishers’ content by AI firms, but it is one of the largest coalitions ever formed against the free use of content by AI chatbots. In 2024, OpenAI and Microsoft also faced a similar lawsuit from eight newspapers that claimed AI products were benefiting from their content without permission.
    • Rufus alternative Ventoy now supports Windows 11's mandatory update, fixes major boot bug by Sayan Sen While Microsoft has its own official Media Creation Tool used for making bootable USB media, there are some popular third-party utilities as well which offer additional options like bypassing system requirements, Microsoft Account creation, and more. One of these is Ventoy, and the software has received its latest update today. In fact, the app actually got a slew of updates over the last couple of days, three version releases in total, to be specific. The first release, version 1.1.13, was pulled as there was some unspecified error in the update, and as such, the corrected version 1.1.14 was pushed out. Following that on very short notice, 1.1.15 was published as well. For those unfamiliar, Ventoy is an open-source utility that lets users create a bootable USB drive once and then simply copy ISO, WIM, IMG, VHD, or EFI files onto it without repeatedly formatting the drive. It supports both legacy BIOS and UEFI boot modes, Secure Boot, and a wide range of operating systems, making it one of the most versatile tools in the category. The biggest change in version 1.1.14 is an updated Secure Boot shim file aimed at resolving the UEFI CA 2023 issue, which is basically a compatibility problem that has affected Secure Boot environments on some systems. If you recall, we reported about severe boot issues on HP devices following the release of updated Secure Boot 2023 keys. For anyone who may not be aware, back in early 2024, Microsoft announced that it was updating Secure Boot keys as they were going to become 15 years old in 2026, which is also when they are set to expire. As such, the new 2023 certificates have been rolling out with the newest Windows 11 updates. Updated boot manager and Secure Boot certificates are crucial for protection against malware like bootkits. These are mandatory updates. Alongside that, the VentoyPlugson graphical plugin configurator was updated in sync with the release. The update also introduces a new VTOY_SECURE_BOOT_POLICY option within the Global Control plugin, giving users more flexibility in managing Secure Boot behavior. Ventoy has also received a fix for a startup issue when Secure Boot was disabled. Microsoft does officially allow users to boot systems without Secure Boot as long as the PC is Secure Boot capable. The full changelog is given below: Update secure boot shim file to solve the UEFI CA 2023 issue. The new release use a new CA, so you need to enroll the new key for the first boot time. VentoyPlugson update synchronously. Global control plugin add a VTOY_SECURE_BOOT_POLICY option. Fix the boot issue when Secure Boot is disabled in the UEFI firmware. You can download the latest version of the app here on Ventoy's official GitHub repo or from Neowin software stories.
    • Windows 11 is fine, no issues on any of the machines I've run it on since release. The stricter security requirements are a good thing, sometimes the baseline needs to change and people will winge, but it is what it is. Happened with the move from 9x to NT - broke compatability Happened with XP SP2 when security started to become a serious consideration Certainly happend with Vista that brought in UAC, the concept of not running as admin (something that has been the norm in Linux/Unix from pretty much the start) and a completely new driver stack. Windows 11 will probably get looked back at as the point where even consumer and SMB IT was dragged kicking and screaming into a somewhat secure by default configuration.
    • Bluestacks has been emulating Android on Windows for fifteen years. It's janky and riddled with ads though, so WSA looked like it was going to be a huge improvement over the emulator experience. Too bad Microsoft dropped the ball on that.
    • Classic. China would be nothing without Western, Japanese, and South Korean technology.
  • Recent Achievements

    • Rookie
      krychek57 went up a rank
      Rookie
    • Grand Master
      Jaybonaut went up a rank
      Grand Master
    • One Year In
      Philsl earned a badge
      One Year In
    • Dedicated
      Scoobystu earned a badge
      Dedicated
    • First Post
      Tom Schmidt earned a badge
      First Post
  • Popular Contributors

    1. 1
      +primortal
      441
    2. 2
      +Edouard
      172
    3. 3
      PsYcHoKiLLa
      134
    4. 4
      Michael Scrip
      78
    5. 5
      Xenon
      77
  • Tell a friend

    Love Neowin? Tell a friend!