nikkocortez
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So where do I get started? I was wanting to get started in the world of crypto currency and have some hardware to spare. I was wondering where in the world do I start with this stuff like setting up a secure wallet, what coins to mine with nvidea hardware, how to trade them, best places to monitor exchange rates and all of that. I get the general idea of what needs to happen, just how do I go about doing it? Hardware I have on hand: Currently in running operation: an i7-3930k X79 machine with a Titan X(pascal) and GTX 690. It's my main rig but kind of want to put it into part time mining use since it never really turn it off.
The rest here are parts I have laying around that I can scrap together: an ASUS ESC4000 box with two 2.5ghz 8 core xeons, three GTX960 cards, a vanilla GTX titan that's collecting dust, and I have a Nvidea Tesla S1070 unit(basically a 1U box that holds up to four GPUs) I may use in conjunction with the ESC4000 machine to expand GPUs if I decide to collect some more used cards. It's not much but I would like to start out with this if it is even possible with the hardware I have. Just need to know the best steps to get started and places to go for solid information.
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Chris21010
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Re: Crypto N00b start up help
2017/06/01 16:51:34
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well i can help, in a limited fashion. i personally run F@H and earn CURE and FLDC currencies. being that your PC can being doing one task to help science fight disease like Alzheimer’s, Cancers, and more as well as receive payment in two coins i find this my primary crypto income. you can go to foldingcoin.net and download their FoldingCoin Browser and it will walk you through all the setup to get your PC earning coin. one thing to note though, CPU's are not crypto friendly and instead its best to use lower powered CPU's and let your GPU's do all the heavy lifting. once you are all setup you then need a place to exchange your crypto coins for BTC. to do this you'll need to signup for an account with Poloniex, currently the largest alt crypto exchange, or Bittrex, a great alternative. you then deposit your earn coins into your exchange wallets and trade to your hearts content. if you ever want to withdraw USD or other forms of cash to deposit into your bank account you will need to find another exchange that deals with fiat currencies. due to strict regulations a lot of exchanges only deal with USDT and not USD. USDT is valued at a 1:1 with the USD but its just another coin and isnt tied down with a ton of regualtion. But the process is the same as before. find the exchange you want to use, depositing funds, and then exchanging them. but do keep in mind that all these exchanges have a flat wire fee that can range from $20-$50 so unless you are withdrawing a lot of funds its best to try and buy things directly with your BTC.
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nikkocortez
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Re: Crypto N00b start up help
2017/06/01 17:57:00
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Sounds great. I have been a F@H contributor in the past so that sounds like a great way to get started.
post edited by nikkocortez - 2017/06/02 05:05:48
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Ranmacanada
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Re: Crypto N00b start up help
2017/06/01 19:41:46
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You could also try gridcoin if you want to try other science projects.
ASUS TUF GAMING X570-PLUS (WI-FI) AMD Ryzen 2700 Fold for the CURE! EVGA 1080 FTW EVGA 1080Ti Hybrid
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nikkocortez
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Re: Crypto N00b start up help
2017/06/02 05:04:27
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I had some success in getting my ASUS ESC4000 to boot into BIOs. I have two GTX960's in it currently but will probably work over the weekend to get it up and running for Folding/Mining. It will most likely become the primary 24/7 machine. I may spend the first few days of each month folding under EVGA's team and then switch to the CURE/FLDC teams. Are there mining pools for this? Is it worth getting into a pool for folding at home or does this specific method of mining not require pooling like the block chain based coins?
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Chris21010
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Re: Crypto N00b start up help
2017/06/02 07:18:19
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for CURE you'll be required to join their folding pool here: https://www.cryptobullionpools.com/index but for FLDC there are currently no pools and as long as you have your fldc wallet address attached to your folding name you could fold for any team. but to earn both you'll need to fold under the Curecoin team. now if you use that Foldingcoin Browser on foldingcoin.net all the wallet and registration setup will be easy as it walks you through everything.
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nikkocortez
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Re: Crypto N00b start up help
2017/06/02 09:00:50
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Ok great. My have some further questions once I get home and see how the first 24hrs has gone. I set it up as the EVGA team to earn the EVGA bucks. If the PPD my Titan was showing last night is close to true I should meet the monthly goal in 4-5 days. $2-$2.50 a Day in store credit is not bad and if I can earn FLDC on top as well, that would be really cool. I can move to a CURE pool once my EVGA goals are met and start accruing coins there.
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Chris21010
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Re: Crypto N00b start up help
2017/06/02 10:26:06
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sounds like a plan. just make sure that you are folding under the same name as your EVGA username. if not you will not see the EVGA Bucks.
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nikkocortez
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Re: Crypto N00b start up help
2017/06/02 13:51:43
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well it seems to show "username _ALL_XXXXXXXXX(wallet address)" granted with my proper information but is the _ALL_walletaddy at the end going to throw off my F@H stats on EVGA? If so I'm sure I could change it in my profile here on the site but I'm not sure if having my wallet address out in the open like that is a smart thing. I have no real clue on what is sensitive information on this stuff lol.
post edited by nikkocortez - 2017/06/02 13:55:13
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Chris21010
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Re: Crypto N00b start up help
2017/06/02 15:17:07
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no one can withdraw from your wallet without a separate key. that address is basically a deposit only address, so perfectly fine to spam the internet asking for donations if you like. but to earn EVGA bucks you can not use that long name unless its your user name. i do not know if its possible to change your EVGA account name either... so if you want both coin and EVGA Bucks you'll simply have to register two F@H accounts and fold to whichever account you want to fold for at the time. you can change all that in the F@H configure tab.
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QuintLeo
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Re: Crypto N00b start up help
2017/06/03 04:51:58
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If you ask the web admin they should be able to change your name - but they might balk at the length and randomness of a FLDC-based name. Probably easier to go the 2-account route, one for CURE+FLDC the other for EVGA Bucks.
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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bcavnaugh
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Re: Crypto N00b start up help
2017/06/03 09:19:24
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One Account for CURE+FLDC the One Account for Team EVGA EVGA Bucks.
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nikkocortez
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Re: Crypto N00b start up help
2017/06/08 16:22:39
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So is there a wallet specifically for FLDC coins or is that the Counter Wallet built into the browser? I see the one for CURE and the block chain tab for CURE but the block chain tab for FLDC seems to just give me a 404 error. Before I switch off of my EVGA Team and account I just wanted to make sure everything was set up properly.
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Chris21010
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Re: Crypto N00b start up help
2017/06/08 18:02:21
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☄ Helpfulby nikkocortez 2017/06/08 19:05:11
yes the Counter Wallet that was setup in the browser is the FLDC wallet. the reason you are getting 404 errors is due to the yet updated URL change. you can see the FLDC block chain here: https://counterpartychain.io now the thing to watch for is to make sure you are earning CURE daily. if you are not earning CURE than you are not earning FLDC, unless you are folding under the wrong team. the sad part about FLDC is that you'll have to wait till the first saturday of every month for the deposits. so that is potentially 23 days worth of folding you'll have to do before you'll receive credit for it, or not. this is why i say to look to CURE to see if its "working" like it should.
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nikkocortez
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Re: Crypto N00b start up help
2017/06/08 18:42:54
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Ok... I think I have it set up correctly for CURE. Very new to this side of Folding-at-Home and crypto currency in general. So FLDC will deposit to the Counterwallet automatically when they do the hand outs? Or is there some sort of login I need to do like the CURE? Just trying to make sure it's good to go before I do some major rearranging of rigs and hardware then start burning up kW-h with my aged low ppd GPUs. So far I have: Box 1 GTX Titan X(pasc) + GTX690 Box 2 (3X) GTX960's And a spare GTX Titan that may go in a micro board temporarily. Not going to fire up a 1600w ASUS ESC4000 box for one card that puts out sub 200K ppd.
post edited by nikkocortez - 2017/06/08 18:48:03
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Chris21010
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Re: Crypto N00b start up help
2017/06/08 18:48:18
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☄ Helpfulby nikkocortez 2017/06/08 19:03:11
FLDC does automatic payouts the first Saturday of every monthl and the funds will be sent to your wallet, counterparty. CURE does daily payouts the same way. you do not have to login to receive these payments, think of it as direct deposit paychecks going straight into your bank account. the only time you need to login to your wallet is when you want to transfer funds to another wallet, typically an exchange wallet.
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nikkocortez
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Re: Crypto N00b start up help
2017/06/08 19:05:02
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cool so I should just check my CURE wallet tomorrow and see whats happening then. Is there a specific time of day? I only have a bout 195000 points under this identity so far today. Just switched ID's from my EVGA one. Another random question. The FLDC Distribution link: Does this show the amount of FLDC you earned or point towards FLDC? If this is point's is there a way to get an idea on how many FLDC I have earned? Just trying to learn how to read all of this because I am seriously wanting to improve and expand my Folding capabilities as efficiently as possible. I have looked at the merged CURE folding calculator, one of the pieces of info I am lacking is where to find the difficulty estimates for FLDC. I could see that being a very useful tool for developing my farm and deciding on hardware.
post edited by nikkocortez - 2017/06/08 19:28:01
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Chris21010
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Re: Crypto N00b start up help
2017/06/08 19:24:19
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CURE is distributed shortly after midnight EDT, typically 20-30 minutes after. they delay the distribution a bit to insure that Stanfords servers have plenty of time to calculate the most recent points and update their public ledgers. if for some reason there isn't an update that day the coin distribution will be accumulated and distributed according to how much work was done over the multiple day span until the ledger is updated, like FLDC does over the month.
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QuintLeo
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Re: Crypto N00b start up help
2017/06/09 12:12:31
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It's possible to set up FLDC to point at an exchange address, rather than suffering though the Counterparty ripoff of a wallet system. You save quite a bit in fees that way - probably more I'd guess as a smaller folder, but it's a significant hurt even for us higher-power folders. Speaking of which - I should be done with my move by the end of this weekend, then I get to sort out my systems and get the new stuff built and configured and running and get to start doing some even more serious folding. 8-)
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: Crypto N00b start up help
2017/06/09 13:22:49
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i have yet to re-advise going that route as i currently have 110K FLDC in limbo until polo fixes their wallets which have been down for a week... yes you may save some in fee's but at least you have access to it and not be at the whim of a 3rd party to update their wallets.
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nikkocortez
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Re: Crypto N00b start up help
2017/06/10 10:28:35
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So I have just received my initial deposit of 26.47 CURE. That was for about 1280301 points. I plugged some current numbers into the merged folding calculator showing $9 profit. Not to bad for a bag of mixed hardware. I have decided to pickup some GTX1080ti's and will add them to my desktop with the Titan X and sell off the GTX 690. Same for my aged GTX Titan vanilla. They both seem to put out the PPD of a GTX960 but probably with significantly more power. Whats left of the funds from those cards being sold will go towards what I spent on the 1080ti's and with some luck they may finish paying themselves off this month.
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Chris21010
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Re: Crypto N00b start up help
2017/06/10 11:23:08
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now you just gotta wait 3 weeks for the next FLDC payout >. <
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chap34
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Re: Crypto N00b start up help
2017/06/10 17:52:36
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CURE is getting less and less profitable, I'm not saying it's awful, but I feel like the team is getting higher increases in PPD(which decreases your payout per your PPD) than CURE is going up in value :( At least BTC seems to only raise in value
So many people are hoping in on it these days! I sure hope Stanford comes up with some solid results with all this extra power!!
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nikkocortez
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Re: Crypto N00b start up help
2017/06/10 18:55:48
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Does the payout scale differently base on your contributing PPD? I did about 24000 one day (i guess one WU got in before they verified for the day) and my pay was .4 cure per point, next day did 1280000 and got .9 CURE per point.
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chap34
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Re: Crypto N00b start up help
2017/06/10 19:05:01
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Your payout is based on your % of the team points(the variable) for the day. I think they distribute 28,000(fixed) CURE a day or something.
So if the team does worse but you do well, you will get more. If you do the same and the team does more, you get less
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Chris21010
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Re: Crypto N00b start up help
2017/06/10 20:43:34
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CURE distributes 7,488 CURE based on the % of work you did vs the entire team. so if you did the same work and the team doubles your payout will half. if you double your work and the team stays the same you earn double. as for profitability its actually the same as it was for me 6 months ago. when btc was ~$800 CURE was ~ 0.000045 and i was earning about 300 coins per day due to the team only being ~125K PPD. ya its down a bit sense then but today i see ~ $9 a day and then it was ~$10. with all the drama of the delisting i am surprised it still is staying about the same. that said it fails to compare to FLDC going from not profitable at all without CURE to more than %1,000 or 10x its profitability just 6 months time.
post edited by Chris21010 - 2017/06/10 20:47:21
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nikkocortez
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Re: Crypto N00b start up help
2017/06/10 21:37:35
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I'm hoping adding the two 1080Ti's it will pay for those 1080Ti's in a few months. If so I may pick up one or two more for a dedicated 4 GPU machine. I just hope I didn't miss the "lucky strike" by getting in too late in the game.
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Chris21010
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Re: Crypto N00b start up help
2017/06/10 21:46:48
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four in one rig isnt the best idea on air. as your cards will thermal throttle due to having 80C devices above and below them. if you want more than two in a case its advised to go hybrid/liquid. the extra performance by doing so "should" pay for itself in the mid term and long term net more over the lifespan of the card, 1-2 years. it just depends on how you plan on scaling.
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chap34
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Re: Crypto N00b start up help
2017/06/11 08:21:50
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Chris21010 four in one rig isnt the best idea on air. as your cards will thermal throttle due to having 80C devices above and below them. if you want more than two in a case its advised to go hybrid/liquid. the extra performance by doing so "should" pay for itself in the mid term and long term net more over the lifespan of the card, 1-2 years. it just depends on how you plan on scaling.
Plus the parts required to run a 4 card rig get expensive fast. The only problem with 2 card rigs is eventually you may have a computer on every outlet ;)
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Chris21010
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Re: Crypto N00b start up help
2017/06/11 09:45:45
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well i would assume his x79 system has the capabilities to run a 4 card setup just fine so the expense has already been paid there. also after getting my 5x 1080ti system fully operational i would never recommend doing something like this unless it is a show piece.
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