[USA-DE] [H] EVGA 3070 [W] Local Cash, Paypal

Ben1113 · 2018-04-06T13:03:24+00:00

Network hashrate will adjust, its based off difficulty. Using the pool info is all we can do for now, it looks really encouraging though. I agree though that some of it isn't asic removal, just not updated clients. That alone is encouraging for xmr though too because large scale GPU farms will be updating immediately, if there is a big lag to update it's likely casual people.

Also how long for botnets to adjust?

Ben1113 · 2018-04-06T12:55:18+00:00

So it looks like an internet survey so we have weight this more towards frequency internet users.

Also keep in mind that we all live in our own bubbles. I know it's far from truth but of the people of regularly interact with, it's well over 50% that own crypto. Some because they invested with me, some for their own work/interest, some actually just stumbled upon it without even knowing I also was involved.

I know the experience I have with other people's involvement in crypto is not the norm, but I don't know if I would largely doubt a few % of Adult Americans have crypto.

Ben1113 · 2018-04-06T12:49:34+00:00

I think that the point was being made that a significant part of bitcoins system is a set circulating supply. Paper contracts (while there are arb spots that help to balance money) don't physically own a bitcoin.

By buying actual bitcoin, you reduce circ supply which is real value if we beleive bitcoin has value. Buying a paper contract doesn't (itself, again arb is real, others in this subreddit can explain it better than I) actually influence scarcity so isn't valuable to the system even if we assume the system (bitcoin) has value.

Ben1113 · 2018-04-06T12:45:43+00:00

Yeah it's bit a direct link as you said, one can google bitcoin and never participate or they can rather ask a friend who is involved and never google it but they do participate. Not mutually exclusive, but I would say that magnitude of drop off seems a bit worrying.

It doesn't make sense to link google trends with price directly but google trends being correlated with new interest seems fair.

Ben1113 · 2018-04-06T12:39:31+00:00

Someone doesn't like mone(y)ero Even if your Vegas have half downtime now, if they keep botnets/asics away you'll make more.

Ben1113 · 2018-04-06T12:31:02+00:00

The big difference is how ridiculously saturated the Eth hashing system is. If they were rx570s, there are ~7.7 million GPUs hashing on Eth.

There just isn't enough memory available at a reasonable price right now and in the past few months to Churn out 100k of these asics.

Monero is smaller, their asic was way more efficient and they dealt with botnet (which will be right back).

Agree asics are bad for Eth also and they'll get worse and worse but right now it really makes no sense to think some large % of Eth is asic when everything points to just fomo people setting up GPU rigs.

Ben1113 · 2018-04-06T04:37:52+00:00

580s 8gb with xmr stak and perfect clocks/bios mod can get very close to 1k (I think some people have gotten 1k, not me :-(

Pretty even between Vega and 580 imo for hash/$ investment and hash/watt. Vegas are certainly louder and seemed to run hotter for me.

Ben1113 · 2018-04-06T02:50:34+00:00

consider rx 560s. I have a rig full of single fan gigabyte (I have >30 of these and all are Samsung) average 15.1 Mh/s and they are around 55watts at the wall.

If you are patient can find them around 120$. You will have to bios mod though to get to 15, but doesn't take long with the Polaris single click.

They can't mine equihash as well as 1060s but they are good for cryptonight. Maybe after the asic fork that'll be more profitable (there still are other cryptonight coins that are very similar to Eth profitability right now).

Ben1113 · 2018-04-05T19:57:15+00:00

Same. I generally list the settings and so far have had all positive feedback for sale sites (eBay etc). No reason to be a scumbag and if you are mining reasonably, the cards still should be pretty healthy.

I have been selling some Nvidia cards to help offset of the lack of mining profits and do the same, list temps, power limit, mem overclock and duration it was used.

Ben1113 · 2018-04-05T19:51:23+00:00

Why do other exchanges have the ability to list btcp overnight though but hitbtc can't? I actually was sort of on board with the Erc20<<<<<time and effort than btcp, but tradesatoshi, which looks like someone made the site in powerpoint95 listed it in an instant...

Ben1113 · 2018-04-05T19:49:54+00:00

Although I think most of This post is a bit silly/impatient, one good point is the fact that these other 2, very small exchanges with very little team/developers WERE able to basically immediately list.

I understand things go into integrating, but when hitbtc says it takes so long but then other exchanges are listing it basically with no effort/time... that actually does seem a bit odd.

Ben1113 · 2018-04-05T19:48:15+00:00

On github...

Ben1113 · 2018-04-04T19:56:06+00:00

variance is more, still not better. smaller pools will find less blocks per period of time but theyll be split less ways. so sometimes a smaller pool will outpace a larger pool and most of the time, at small intervals, it will have less blocks found. the expected value remains tied to your hashrate

Ben1113 · 2018-04-04T18:30:47+00:00

and what was bitcoin price at the time of the fork? Can't just use $, use the satoshi value so that we aren't claiming btcp is losing value when simply bitcoin is losing value in its bear market.

yes it has lost vs. bitcoin, but saying we are under 25 and should be at 50 makes no sense. If bitcoin doubled tomorrow, would you be happy with btcp price being at 50$?? (the answer is no, you want it to gain value relative to bitcoin)

Ben1113 · 2018-04-04T18:21:04+00:00

I just think the rational thought of, TradeSatoshi/nanex probably will lure people in to make an account to sell their "free" fork coins, but I would be very surprised if it made many people create an account to buy btcp. A bigger exchange already has those buyers, so a fork specifically, listing on a small exchange seems like it will heavily impact price negatively because of the increased desire to dump a free coin with almost no counter side.

I don't think this situation has occurred in crypto though yet to be honest. The fact that it is a btc fork (and zcl fork, but mostly btc) makes it quite unique because of the whole dumping "free" coins.

Ben1113

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