Author Topic: Bitcoin Mining  (Read 7662 times)

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Online Gusington

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Re: Bitcoin Mining
« Reply #45 on: February 02, 2018, 01:28:01 PM »
What other way is there?
"I have to say, it sure does look like somewhere I would really, really like.  Except for the cold of course.  But, I'll bet I could adapt to that. ”

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Offline Windigo

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Re: Bitcoin Mining
« Reply #46 on: February 02, 2018, 03:44:51 PM »
What other way is there?
with Irish-cream liquor, taken orally
My doctor wrote me a prescription for daily sex.

My wife insists that it says dyslexia but what does she know.

Online Gusington

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Re: Bitcoin Mining
« Reply #47 on: February 02, 2018, 06:44:58 PM »
TEEHEE

you cad
"I have to say, it sure does look like somewhere I would really, really like.  Except for the cold of course.  But, I'll bet I could adapt to that. ”

- Toonces, The Arctic Wonder Commander

Offline airboy

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Re: Bitcoin Mining
« Reply #48 on: February 11, 2018, 07:39:26 PM »
The Wall St. Journal said there is a shortage of high end graphics cards for gamers because bitcoin miners are buying them up.

Ouch!

Online bbmike

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Re: Bitcoin Mining
« Reply #49 on: February 12, 2018, 04:31:44 AM »
Can I use my metal detector for this?  :-"
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Offline Windigo

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Re: Bitcoin Mining
« Reply #50 on: February 12, 2018, 09:27:44 AM »
Can I use my metal detector for this?  :-"

I will buy every Pascal architecture video card you find with it... that's it working condition that is.
My doctor wrote me a prescription for daily sex.

My wife insists that it says dyslexia but what does she know.

Online GDS_Starfury

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Re: Bitcoin Mining
« Reply #51 on: February 12, 2018, 10:11:53 PM »
What other way is there?

well you take it like a Gus...


oh wait.....   :o
Gus - I use sweatpants with flannel shorts to soak up my crotch sweat.

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Offline Jamey

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Re: Bitcoin Mining
« Reply #52 on: June 11, 2018, 06:40:46 AM »
Don't even know. Does it make sence to mine nowadays? There is main game on exchanges. It quite hard to compete with mining plants. I personally prefer  Paxful exchange https://bitcoinbestbuy.com/exchanges/guide-paxful-exchange/ It not so popular but it attracts me by flexible conditions.

Offline Con

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Re: Bitcoin Mining
« Reply #53 on: June 30, 2018, 06:38:19 AM »
I was interested to hear from our resident bitcoin miners if they are still in it or if they got out and if so did they make money or lose their shirt

Just interested since I have been following the economics and history of bitcoin and would like to hear what some of the miners who are living it feel like where it is going.

Prompted by this article today
https://www.yahoo.com/finance/news/bitcoin-bloodbath-nears-dot-com-024507352.html

Offline Pete Dero

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Re: Bitcoin Mining
« Reply #54 on: June 30, 2018, 06:46:32 AM »
https://www.pcgamer.com/there-might-be-a-big-drop-in-graphics-card-prices-next-month/

Digitimes claims to have heard from sources within the upstream supply chain that suppliers are planning to axe graphics card pricing to clear out existing inventories.

The other reason is because cryptocurrency mining has cooled. Larger operations are still out there cranking out calculations, but in general it's less profitable to mine cryptocurrencies at the moment, pushing out medium and smaller size mining firms, and individuals looking to make an easy buck. This in turn as has weakened the demand for graphics cards.

Online bbmike

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Re: Bitcoin Mining
« Reply #55 on: June 30, 2018, 07:04:56 AM »
"My life is spent in one long effort to escape from the commonplace of existence."
-Sherlock Holmes

"You know, just once I'd like to meet an alien menace that wasn't immune to bullets."
-Brigadier Lethbridge-Stewart

"There's a horror movie called Alien? That's really offensive. No wonder everyone keeps invading you!"
-The Doctor

“Before Man goes to the stars he should learn how to live on Earth.”
-Clifford D. Simak

Offline bayonetbrant

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Re: Bitcoin Mining
« Reply #56 on: June 30, 2018, 12:08:46 PM »
https://apnews.com/e98ad152f12e4894b8208d5d19aaa4ca

Quote
Is the web browser on your phone slower than usual? It could be mining bitcoin for criminals.

As the popularity of virtual currencies has grown, hackers are focusing on a new type of heist: putting malicious software on peoples’ handsets, TVs and smart fridges that makes them mine for digital money.

So-called “crypto-jacking” attacks have become a growing problem in the cybersecurity industry, affecting both consumers and organizations. Depending on the severity of the attack, victims may notice only a slight drop in processing power, often not enough for them to think it’s a hacking attack. But that can add up to a lot of processing power over a period of months or if, say, a business’s entire network of computers is affected.

“We saw organizations whose monthly electricity bill was increased by hundreds of thousands of dollars,” said Maya Horowitz, Threat Intelligence Group Manager for Checkpoint, a cybersecurity company.

Hackers try to use victims’ processing power because that is what’s needed to create — or “mine” — virtual currencies. In virtual currency mining, computers are used to make the complex calculations that verify a running ledger of all the transactions in virtual currencies around the world.

Crypto-jacking is not done only by installing malicious software. It can also be done through a web browser. The victim visits a site, which latches onto the victim’s computer processing power to mine digital currencies as long as they are on the site. When the victim switches, the mining ends. Some websites, including Salon.com, have tried to do it legitimately and been transparent about it. For three months this year, Salon.com removed ads from its sites in exchange for users allowing them to mine virtual currencies.

Industry experts first noted crypto-jacking as a threat in 2017, when virtual currency prices were skyrocketing to record highs.

The price of bitcoin, the most widely known virtual currency, jumped six-fold from September to almost $20,000 in December before falling back down to under $10,000.

The number of crypto-jacking cases soared from 146,704 worldwide in September to 22.4 million in December, according to anti-virus developer Avast. It has only continued to increase, to 93 million in May, it says.

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Offline Windigo

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Re: Bitcoin Mining
« Reply #57 on: July 02, 2018, 05:39:54 PM »
Prices have dropped across the board for mining lately, but many miners are doing the HODL bit (Holding On (to their mined coins)for Dear Life) and waiting for prices to go up.

Profitable large scale mining is very dependent on cheap electricity, Europe doesn't have it. There a lot of smaller farms in the EU/Eastern Europe shutting off.


Media is portraying this as a huge crash, but prices are still better than they were 1.5 years ago.

Those who bought over priced GPUs during the big price bubble with dreams of big bucks are looking at 2-3 years to get a return on their cards.
My doctor wrote me a prescription for daily sex.

My wife insists that it says dyslexia but what does she know.

Offline bayonetbrant

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The key to surviving this site is to not say something which ends up as someone's tag line - Steelgrave

"their citizens (all of them counted as such) glorified their mythology of 'rights'...and lost track of their duties. No nation, so constituted, can endure." Robert Heinlein, Starship Troopers

Offline Jarhead0331

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Re: Bitcoin Mining
« Reply #59 on: July 03, 2018, 10:31:32 AM »
The fucking Matrix is here...
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