Let's talk about Bitcoins BG, We're doomed!!! The Sky is Falling!!!!!

[TummieGaruda]

Jfc 20cents/kwh? Florida gets shit on a lot but at 11.5cents/kWh I'll take the shenanigans for cheap A.C. and mining lol.

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Based on where you are in California, kWh's are tiered based on season for the whole month. Right now its:

0-557 kWh = $0.16
558 - 2,228 kWh = $0.25
2229 and above = $0.31

[Salodin]

Dudeeeee

Y'all need some more nuclear plants and natural gas.

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[TummieGaruda]

Uh... Tron just woke up...

[Daydreamer]

Uh... Tron just woke up...

Don't fall for it!

[TummieGaruda]

Don't fall for it!

justinsunsfaceonadmiralakbarsbody.jpg

[Boyiee]

I think NJ is typically 15-16kwh

[Kalmado]

Just curious for crypto traders only, how many times a day are you selling/buying?

[archibaldcrane]

So coinbase froze ETH trading for a half hour or so today? Anyone know why?

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[Salodin]

So uh...is it really this easy to start mining? I copied the pool address to my bat file, loaded it up after adding my wallet address, and now I'm at 26.34 Mh/s. Am I missing something? This turned out to be super simple...

[tyven]

So uh...is it really this easy to start mining? I copied the pool address to my bat file, loaded it up after adding my wallet address, and now I'm at 26.34 Mh/s. Am I missing something? This turned out to be super simple...

congrats on being rich

[Fondue]

tyven why arent you lobbying XLM to congress

[RKenshin]

/catch-up

I'm only doing single GPU systems and maybe only two. Risers or high wattage PSUs are not in my future. I had been using a Lepa G1200 PSU but once dropping crossfire I sold it on Amazon for about $130. That was around six months ago. Same thing is now $295. Nuts.

Do you have a specific wallet or pool you'd suggest for mining ethereum? And any other advice is greatly appreciated!

My Ether Wallet is the best secure client-side option, IMO:
https://www.myetherwallet.com/

Ethermine is one of the most popular pools. Has a great pay-out system, low downtime, low fees, and is easy enough to configure:
https://ethermine.org/

X2. I'm looking at ethminer but with a single gpu idk if it's worth it.

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Depends what you define is worth your time. Most modern GPUs can make at least a couple $ per day at current prices, but is that worth the time/effort/noise/heat for you?

I've tried a couple of the calculators from a google search and the majority state at 13.71 kwh I'd lose my ass.

I have a 1070, 970, and a 270x 4gb that I can use. If I'm understanding these calculators, I'd essentially lose $43 a day using the 1070.

I think you might've mistyped somewhere.... I don't have the figures for a 970/270x off hand & am short on time right now to calculate it, but I do know at today's stats a single 1070 will make $6/day profit at 15.0 cents per kWh.

I have a 1080 and soon ti should I mine when I'm not gaming? Lol

1080ti will make $9/day at current prices & network stats, so yeah I'd say go for it.

Interested to know which software people prefer for mining...possibly might do Awesome Miner due to profit switching.

Nemosminer and Awesome Miner are both great for profit switching. Configure either one, let them benchmark your system, and point it at the MiningPoolHub pool for best results. The software will mine the most profitable coin for your hardware (based on the benchmark results), distribute the rewards to the pool, and the pool will then pay you in whichever coin you choose.

Nicehash is an option for those with little tech experience/patience/desire to tweak or maximize things, as it's the only software with a decently developed GUI. It'll do the same as the above, but the fees are higher and they only pay out in BTC. They also managed to get hacked and lose a bunch of money that was stored in their web wallets (which of course, is the only way to avoid fees). I'd advise paying out to an external wallet, for that reason.

Claymore is my personal favorite, for overall reliability and consistent performance. This of course limits you to only mining ETH + a secondary coin (SIA for me), but I'm OK with that. This means I don't make as much as the profit switching software, by as much as 10-30% depending, but my overall experience and up-time is much better with Claymore. Running Claymore, I could honestly go a week without checking on my miners and things will probably be fine. Running one of the profit switchers, I have to check far more often due to more hangs/crashes/other issues. There are scripts and tools available to counteract that but I never went the extra mile to do it, so I've just been content with Claymore.

So uh...is it really this easy to start mining? I copied the pool address to my bat file, loaded it up after adding my wallet address, and now I'm at 26.34 Mh/s. Am I missing something? This turned out to be super simple...

Basically, yes.

Verify your reported hash-rate is hitting the pool, configure your minimum payout level to something reasonable (1 full ETH would take you months at 26MH/s), and otherwise that's about it.

If you want to take it to the next level, you can start tweaking your core/memory clock and power usage for a boost in your hash-rate and a reduction in power consumption. All of my 1070s are at +50-200 core clock and +500-900 memory clock, and 55-80% power. This increased my hash-rate from ~25 to 31 MH/s, and reduced my power usage by 50-70 watts per card. Every card has a different 'sweet spot' for these settings.

Then, the next level is configuring other options within the miner software to restart if things hang, or your hash-rate drops, etc. Or setting up remote monitoring through an app or website, and/or then remote management through something like Teamviewer.

[Salodin]

WHAT HAVE YOU DONE TO ME JFC I WAS SUPPOSED TO MAKE MONEY WITH THIS NOT SPEND MORE BUILDING ANOTHER PC

my gf gonna kill me T_T

What do you think about using my binance wallet address to mine with?

[Xno Kappa]

So glad ETH is so damn sexy right now. Xrp and trx fucking dropped off a cliff. Should I bother holding on to them?

[Salodin]

Trx sell when you can accept the losses you have lol. Hold onto ripple tho...it looks good long term.

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[Xno Kappa]

Yeah. Gonna dump it into xrp. No point in selling it back to myself as eth at a lost.

[Salodin]

Rkenshin, or anyone whos mining, did you set your dpool and epool at all? I'm currently mining successfully for eth and I'm waiting to see if siacoin is mining properly once the site updates with my info. Wish I started this ages ago; even with only one 1070 I'm making just over $3.50, not including the siacoins I make on the side that will hopefully blow up one day lol. I'm done for the night but I think I can tweak my GPU and power settings more to maybe squeeze $3.75-$4. I should have just put my coin money into a second video card and mined from the get go.

[RKenshin]

WHAT HAVE YOU DONE TO ME JFC I WAS SUPPOSED TO MAKE MONEY WITH THIS NOT SPEND MORE BUILDING ANOTHER PC

my gf gonna kill me T_T

While mining is a bit more 'safe' than actual investing - since the hardware will always be worth something - the same general rule of investing applies here: don't spend money you're not willing and able to lose.

What do you think about using my binance wallet address to mine with?

Big-time nono.

Not only do exchanges typically discourage and warn against it, but it's also less safe/secure.

Rkenshin, or anyone whos mining, did you set your dpool and epool at all?

As in, the back-up pools? Yes, absolutely worth doing.

If there's ever an issue or a connection problem with your primary pool, having back-up pools configured will make sure you keep earning crypto. I've come home to see my client had switched pools as many as 14 times in a single day, which would've taken a chunk out of my day's profits otherwise.

[TummieGaruda]

Holy shit....that mad drop. Apparently South Korea is putting together legislation to ban all cryptocurrency...mad selloff of bitcoin drove the price way down but its slowly starting to recover.

[Daydreamer]

Holy shit....that mad drop. Apparently South Korea is putting together legislation to ban all cryptocurrency...mad selloff of bitcoin drove the price way down but its slowly starting to recover.

Wait when did this ban happen? Last I heard they were working on how to tax it not ban it.