bigcee
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/08/18 06:21:25
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Sorry to jump in at this point, but back to nicehash. Anyone join it recently? I am thinking of hitting it up.
But the fruit of the Spirit is love, joy, peace, forbearance, kindness, goodness, faithfulness, gentleness and self-control. Against such things there is no law. - Galatians 5:22,23
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Chris21010
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/08/18 07:19:13
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☄ Helpfulby Ranmacanada 2017/08/18 20:30:36
species 1. When you fold with a proper folding ID (with your bitcoin wallet address on your ID) you earn FLDC that is paid at the end of every month. At the time of payment is that FLDC exchanged to BTC and deposited in your BTC wallet --to the address on your ID? If so... are there any FLDC wallets at all? Does FLDC exists only as an exchange currency? NOT your BTC address but your FLDC Deposit address! very important as a BTC wallet will only accept BTC. it also pays out on the first saturday of every month, not the end. FLDC currently only has exchange wallets, the one that bittrex or poloniex give you, or Counterparty wallet. These are the addresses which you should use in your folding name to receive the FLDC deposit. species 2. when you use Nicehash you are rewarded/paid based on the demand of AND payment acquired from the buyers (so the buyer pays, nicehash gets the commission and then you get paid)... Buyers pay what you earn. When you fold and earn FLDC where are the assets coming from? Briefly who pays what you earn? This is simple, the FLDC and CURE generated on payouts are newly minted coins freshly entering circulation. just like how new BTC is generated every new block and like how the governments just print new bills. But like most crypto currencies there is a maximum number of coins that can ever be made and eventually no new coins will enter circulation. species 3. On nicehash, A GTX 1070 seems to make around $2.0X nowadays (excluding electricity costs). How much would a GTX 1070 (@600+K ppd) earn if you fold to earn FLDC only? (again, totally disregarding curecoin here). FLDC has fallen drasticlly this last month and is actually now less profitable than CURE, but not by much. so if you were earning ~$2 a day in CURE you'll be earning ~$1.75 now in FLDC. just last month this wasnt the case. it used to be for every $2 earned in CURE you would have earned ~$5 in FLDC. but that is just how the market swings. ALSO keep in mind that if you set it up correctly with merged folding you can earn BOTH CURE and FLDC. just make sure you fold under the Curecoin Team with your FLDC wallet info attached to you folding name.
post edited by Chris21010 - 2017/08/18 07:21:22
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species
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/08/18 07:40:00
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Hey Chris, Thanks for all the explanation. Definitely makes things clearer for me. I wanted to mark your post as helpful but it seems only the OP can do that.
[W] XEON E5-2650 V3 10 Core + 64GB RAM + NVIDIA QUADRO M5000[H] 4790K + 32 GB RAM + EVGA GTX 1070 SC ACX 3.0 BLACK + EVGA GTX 1080 FTW ACX 3.0 Once Upon a Time/ EVGA GTX970 SSC ACX 2.0+/ EVGA GTX780Ti SC x2/ EVGA GTX750Ti FTW/ EVGA GTX560Ti x2/ EVGA GTX550Ti x2/ EVGA GTX460/ ZOTAC GTX460/ EVGA GTX275 x2/ EVGA GTS250 / GGB 9800GT/ BFG 8800GT
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QuintLeo
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/08/18 19:23:46
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You have to set up a FoldingCoin address (you CAN use an address generated for desposits at an exchange, or you can set up that Counterpary wallet and set up an address with it). You then use that FoldingCoin address as your folding username with an indicator for "FLDC" or "ALL" ("ALL" in theory gets you all of the "associated" coins, but you have to use that ripoff Counterparty wallet to do the "associated coins" stuff and those coins are NEVER worth what it costs you to convert them into anything useful because of Counterparty's INSANE RIPOFF LEVEL fee structure). IMO the only reason to use Counterparty at all is if you actually WANT some of those "associated coins" for some reason and won't need to "convert" them at all. You do NOT use "your bitcoin wallet address" on your ID - you're not earning Bitcoin, you're earning FoldingCoin. There is NO automatic "exchange to BTC" mechanism, you are earning FoldingCoin not Bitcoin. Nicehash has NOTHING to do with FoldingCoin, completely different mechanism and no relation at all. http://foldingcoin.net/distribution/ has information about HOW the distribution is calculated and distributed. It's hard to estimate exact return of FoldingCoin, as some folks that are NOT on Team Curecoin do FoldingCoin, and some folks that ARE on Team Curecoin do NOT do FoldingCoin - there is no "have to be on a specific team requirement" for FoldingCoin, you just have to use the correct "name" format. As a rough estimate, you can take your percentage of the output of Team Curecoin and multiply that times 250,000 (FoldingCoin distributed per day) to estimate how many FoldingCoin you will earn in a day - it will be off some for the reasons stated above, but it's in the right ballpark. Figuring for yesterday, if your 1070 did 600k PPD, that would work out to *ABOUT* 174 FDLC earned yesterday that would normally be paid around mid-week of the first week of September - but for the reasons stated above this could be off a fair bit, and since you can't sell it for another 2 weeks or so it's impossible to tell FOR SURE what it's going to be worth by the time you CAN sell it.
Now that vorsholk has stopped his abuse, I'm returning to folding. I no longer MOO due to abuses by certain "whales" in the Gridcoin community - so I now work the Distributed.net project directly again.
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Chris21010
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/08/18 20:56:58
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QuintLeo You then use that FoldingCoin address as your folding username with an indicator for "FLDC" or "ALL" ("ALL" in theory gets you all of the "associated" coins, but you have to use that ripoff Counterparty wallet to do the "associated coins" stuff and those coins are NEVER worth what it costs you to convert them into anything useful because of Counterparty's INSANE RIPOFF LEVEL fee structure). IMO the only reason to use Counterparty at all is if you actually WANT some of those "associated coins" for some reason and won't need to "convert" them at all.
do not hold me to this but i recently earned some random coin on Bittrex and it might have been some of those _ALL_ coins going to my FLDC exchange address... MAYBE, i do not know how i go them. 38 Lumen (XLM)
post edited by Chris21010 - 2017/08/18 20:58:02
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species
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/08/20 15:28:44
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QuintLeo, Thank you for the input as well. Especially the data about 1070 output.
[W] XEON E5-2650 V3 10 Core + 64GB RAM + NVIDIA QUADRO M5000[H] 4790K + 32 GB RAM + EVGA GTX 1070 SC ACX 3.0 BLACK + EVGA GTX 1080 FTW ACX 3.0 Once Upon a Time/ EVGA GTX970 SSC ACX 2.0+/ EVGA GTX780Ti SC x2/ EVGA GTX750Ti FTW/ EVGA GTX560Ti x2/ EVGA GTX550Ti x2/ EVGA GTX460/ ZOTAC GTX460/ EVGA GTX275 x2/ EVGA GTS250 / GGB 9800GT/ BFG 8800GT
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QuintLeo
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/08/22 15:17:54
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I got some XLM randomly myself a while back, no clue where it came from or HOW but I don't *think* it was related to FoldingCoin as I don't think it showed up at the same time.
Now that vorsholk has stopped his abuse, I'm returning to folding. I no longer MOO due to abuses by certain "whales" in the Gridcoin community - so I now work the Distributed.net project directly again.
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Chris21010
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/09/03 10:10:06
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i just got my latest FLDC payment and i can say this with certainty. Merged Folding, as of today, is ~2 times as profitable as Nicehash while running multiple GTX 1080 ti's. currently a single GTX 1080 ti running Nicehash will earn ~$3.00 - ~$3.25 a day while i earned $6.32 a day Folding. do keep in mind that the values of CURE and FLDC were calculated at market value the day they were earned, so CURE daily and FLDC on the 2nd of Sept., and not at their current market value.
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Ranmacanada
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/09/03 12:36:46
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I need to sell my 1080's and replace them with 1080Ti's then :P. I can't believe how much a difference that one card makes. It seriously has doubled my performance. 1 1080Ti is equal to 2 1080's in real world folding performance. We can't let these results leave this forum :P
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QuintLeo
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/09/04 18:54:51
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I don't think I'd say that Merged Folding is twice as profitable as Cryptocoin mining on my NVidia farm, more like 1.5 times ballpark - but it HAS been more profitable for the last 3 months or so, and was close for a month or two before that. Down side, the added stress of waiting for the FoldingCoin distribution then trying to get a decent rate on exchanging it (the best price for it in a month is often a couple days BEFORE the next month's distribution). If you don't NEED the cash right away, though, that's not a big deal - just irritating.
Now that vorsholk has stopped his abuse, I'm returning to folding. I no longer MOO due to abuses by certain "whales" in the Gridcoin community - so I now work the Distributed.net project directly again.
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AsimY
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/09/22 18:07:12
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Can you actually make money on this stuff? I'm going to be renting a place soon with electricity bills included would by landlord find out if i did this stuff?
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Chris21010
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/09/23 06:32:36
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if he pays the power bill and notices an outrageous $400 a month bill he would most likely inquire as to why it's so high, at least i would, and yes you can make real $$$ doing this.
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AsimY
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/09/23 06:51:00
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Chris21010 if he pays the power bill and notices an outrageous $400 a month bill he would most likely inquire as to why it's so high, at least i would, and yes you can make real $$$ doing this.
How much could i realistically make a month using only a ryzen 1800x and single 1080ti?
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Chris21010
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/09/23 10:00:33
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the 1080ti will be doing all the work and ~$3-5 a day.
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bcavnaugh
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/09/23 11:36:31
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Chris21010 the 1080ti will be doing all the work and ~$3-5 a day.
This is a running 24 Hours a Day Correct?
post edited by bcavnaugh - 2017/09/23 11:37:42
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Chris21010
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/09/23 17:33:47
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yes 24/7 as income, not profit.
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Ranmacanada
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/09/24 12:17:04
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Yes, the 1080ti would do about $2.50-$3.00 a day income, running equihash and the Ryzen would be running cryptonight, probably making about $0.75 a day, maybe $1. https://www.nicehash.com/profitability-calculator will give you rough ideas of what you would be making per day, but take the weekly and monthly with a grain of salt as they use PAST numbers to make them. You can also put in your electric rates so you can see how much your equipment will be costing you. But yes you can make real money doing this. But it is all based on how the market is doing, and right now everything is bleeding, badly, so rates are down a LOT!
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QuintLeo
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/10/06 10:01:58
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I'm pulling about 60 cents / day mining Monero (XMR) on my Ryzen 1700. Ryzen 1800x hashes somewhat higher (I've got a fairly LOW overclock on the 1700) so 75 cents a day is a realistic estimate right now. I'd guess that right now on merged mining a 1080ti might manage a little over $3/day - between CURE and FLDR price fading down the last couple month plus Vorsholk (a CURECOIN DEV) and his crazy huge farm hammering out a ton of PPD making it a noticeably more difficult for anyone else to earn coin, profitability on merged folding has dropped down to the point I suspect it's no longer more profitable than ZEC mining on the same 1080ti - probably close, if the priced don't KEEP sliding the rest of the month. HOWEVER, if you have average or lower electric costs, it IS proftable - just not as much as in the last few months.
Now that vorsholk has stopped his abuse, I'm returning to folding. I no longer MOO due to abuses by certain "whales" in the Gridcoin community - so I now work the Distributed.net project directly again.
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Ranmacanada
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/10/06 10:34:16
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Yes FLDC has pretty much almost hit crap coin, sadly. I'm not sure if it's because of Vorsholk's abuse, but since he started his farm, the price of FLDC has pretty much tanked. But since he doesn't care about FLDC and only cares about CURE, he wont' notice it. But since you make more in FLDC than you do in CURE, he should care.
ASUS TUF GAMING X570-PLUS (WI-FI) AMD Ryzen 2700 Fold for the CURE! EVGA 1080 FTW EVGA 1080Ti Hybrid
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Chris21010
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/10/06 17:41:44
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i will know tomorrow where the merged folding will stand in profitability. last month it was still much more profitable than Nicehash but we'll see here soon enough if that has changed.
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Ranmacanada
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/10/06 18:07:15
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My concern is that there is usually only 16 Bitcoin of buyers on bittrex and 15000 Bitcoin worth of FLDC in sellers. No one is really buying FLDC unless someone is hoarding it for when it halves in a year and a half or so.
ASUS TUF GAMING X570-PLUS (WI-FI) AMD Ryzen 2700 Fold for the CURE! EVGA 1080 FTW EVGA 1080Ti Hybrid
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Chris21010
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/10/06 18:30:36
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you can not look at the BTC sell as its skewed BAD, people asking 10+BTC for a single FLDC. but yea total volume is way down from what it used to be a few months ago.
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Chris21010
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/10/07 14:35:13
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OK! the numbers are in for last month and a 1080ti earned ~$3.85 a day with merged folding. so unless the difficulty goes down or the coins value goes up it's very close to be more profitable to run nicehash instead of merged folding.
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Ranmacanada
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/10/07 15:56:11
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Well as of yesterday 100 million or so PPD were added. So it's getting close to being there as difficulty has gone up just a bit.
ASUS TUF GAMING X570-PLUS (WI-FI) AMD Ryzen 2700 Fold for the CURE! EVGA 1080 FTW EVGA 1080Ti Hybrid
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Chris21010
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/10/07 19:13:31
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well i just ran nicehash for a few hours and it too has come down from last month. i am seeing ~$2.60 per day with it compared to ~$3.07 from last month. so merged folding still has over a $1 per day lead.
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QuintLeo
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/10/31 13:30:15
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I pull right at $3/day right now on a 1080ti (this is pushing hashrate, not maximising efficiency, similar settings to what I used to use when folding) mining ZEC directly. If I swapped that card over to Nicehash, it might pull a HAIR more - but as I recall Nicehash has been a LOWER profit option than 3 or 4 of the NVidia-friendly cryptocoins including ZEC the last couple weeks. whattomine is a handy tool for figuring relative profitability, though it's main "comparison" pages don't cover EVERYTHING by a long shot.
Now that vorsholk has stopped his abuse, I'm returning to folding. I no longer MOO due to abuses by certain "whales" in the Gridcoin community - so I now work the Distributed.net project directly again.
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chap34
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/10/31 14:46:08
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I get about $3.50 from Nicehash per 1080ti. Which is so sad compared to what I used to "make" on merged folding. But I do have to say, not worrying about exchange rates (other than BTC) is pretty nice, considering I'm still sitting on a ton of FLDC... Still that ROI on a 1080ti through NiceHash is pretty long. Almost 8 months for a hybrid 1080ti... Not including the system to run it
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QuintLeo
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/11/01 11:38:39
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ROI is approximately back to the same ballpark it was at a year ago - the big "profitability bubble" was nice while it lasted, but total network hashrates have finally caught up (more or less) with the giant price surge of the spring. 3 month or less ROI is an abberation, not the norm, in cryptocoin mining - and the longer times between generations on the ASIC gear is just going to end up stretching the expected ROI times even more. We've had the copper age (the initial Bitcoin surge), the silver age (the Litecoin then DASH surge), the gold age (the widespread surge of this past spring/summer), we're looking somewhat likely to be settling down into a long-term sustained growth age at this point, with a major collapse in the cards when ETH goes Proof of Stake that should shake out the "I want profit NOW" types (we're starting to see SOME of that already) and the "I'm entitled to huge profits" morons that only jumped in recently without looking at the long-term norms. I'd LOVE to see at least one more major surge - but I'm not betting on it nor am I going to count on it. I AM betting on a major shakeout sometime next year on the GPU mining side, timeframe to be determined by when ETH moves to more than the initial "1% POS for testing" stage. There are, as of today, more than 3.6 MILLION cards (presuming 30 Mhash per card, actual numbers will be a bit HIGHER as a lot of ETH is being mined on cards in the 20-25 Mhash range) mining ETH - those cards are going to FLOOD everything else, at least short term, when ETH is no longer mineable. Some will drop out of mining entirely, some WILL find new homes and keep mining - but profitability is going to collapse hard on ALL GPU mineable coins when ETH is no longer mineable - that's more cards than my best estimate of what's mining all other coins COMBINED, with ZEC being the only other coin I estimate to have more than 1 million cards working on it (harder to judge on ZEC as such a wide range of NVidia cards are equally efficient on it). I've got MY very very cheap electric to let me compete - many or most of the BIG FARMS do too - but a lot of folks are going to see their profitability per card drop to net negative figures after electric....
Now that vorsholk has stopped his abuse, I'm returning to folding. I no longer MOO due to abuses by certain "whales" in the Gridcoin community - so I now work the Distributed.net project directly again.
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muthj1
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/11/01 21:46:41
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So I have been curious about this. I attempted to setup CureCoin. I got a malware warning when I attempted to install the wallet from the curecoin website. It was quaranteened. Is this a legit program and my AV is acting up, or is something more nefarious happening here? It reported FileRepMalware...
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Ranmacanada
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Re: Confused about mining and wallets? Nicehash.com is the easy answer
2017/11/01 22:48:43
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There is no virus, it's a false positive. But honestly with the influx of miners, and the serious crash that FLDC has had, vertcoin, nicehash, or anything else is much more profitable these days.
ASUS TUF GAMING X570-PLUS (WI-FI) AMD Ryzen 2700 Fold for the CURE! EVGA 1080 FTW EVGA 1080Ti Hybrid
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