Where your hard-earned money comes to die. Home.
|
 |
 
|
mining is such a cool concept
Poast new message in this thread
Date: March 10th, 2018 1:40 AM Author: violent galvanic parlor Get paid to process transactions and secure a network. 180, regardless of whether POW, POS, or whatever I'm REALLY happy with my gf and hope it ends happily ever after, but if for some reason it doesn't I'll 100% move to an area with cheap power and mine crypto at scale and live out my days |
 |
Date: March 10th, 2018 2:08 AM Author: soul-stirring space did you read the politico article on mining?
some of the numbers seem off:
"When finished, the prefabricated wood-frame structure, roughly 12 by 48 feet, will be equipped with hundreds of high-speed servers that collectively draw a little over a megawatt of power and, in theory, will be capable of producing around 80 bitcoins a month."
Antminer S9 earns 0.03095 BTC per month. 80/.03095 = 2,585, meaning he would need 2,585 S9 machines, not "hundreds of high-speed servers." And likely he is using something less powerful than the S9, because you could get the same hash with less $ invested (assuming space and power consumption are not expensive, which is the whole point of mining there)? |
|
Date: March 10th, 2018 2:11 AM Author: violent galvanic parlor Haven't read that yet but lol at trusting some shitlib long-form on their numbers when all shitlibs can say about bitcoin POW is some lispy comment on global warming Edit: oic. maybe whoever is quoted is talking about a different coin, of which the value of mining over that time period on that hardware is equivalent to 80 btc at current rates? |
|
Date: March 10th, 2018 1:33 PM Author: lime idiotic orchestra pit potus It was a good article (http://www.autoadmit.com/thread.php?thread_id=3914849&forum_id=7#35576171) |
|
Date: March 10th, 2018 2:54 PM Author: violent galvanic parlor Okay I'm actually reading it now Some areas of central WA like Lake Chelan are 180, they even have a burgeoning wine industry so you can be a bit bougie. I'd move there |
|
Date: March 11th, 2018 1:28 AM Author: soul-stirring space yeah man, as the climate warms wine production is moving north. pinot noir likes it cool. much of the pinot noir production now favors oregon over CA. WA will be next. if the temperature stabilizes just a bit warmer than now, WA might be the perfect place to invest in some wine land. (http://www.autoadmit.com/thread.php?thread_id=3914849&forum_id=7#35579795) |
|
Date: March 11th, 2018 2:28 PM Author: violent galvanic parlor hmmmm (http://www.autoadmit.com/thread.php?thread_id=3914849&forum_id=7#35581636) |
|
Date: March 10th, 2018 3:00 PM Author: Titillating amethyst queen of the night shrine it sounds like the gigapod uses pandaminers, also the company says it uses 2 megawatts (http://www.autoadmit.com/thread.php?thread_id=3914849&forum_id=7#35576648) |
Date: March 10th, 2018 2:28 PM Author: Titillating amethyst queen of the night shrine mining is a futile effort unless you're in a boom and the price is increasing exponentially
If you don't have enough capital POS won't net you much either |
|
Date: March 10th, 2018 2:49 PM Author: violent galvanic parlor Yeah it necessarily assumes crypto remains viable, which I think it will Go all-in on eth (again!) when POS is imminent cr? |
|
Date: March 10th, 2018 11:08 PM Author: Doobsian Mind-boggling Jew Degenerate yea but when sharding hits we all will be in the $ (http://www.autoadmit.com/thread.php?thread_id=3914849&forum_id=7#35579222) |
|
Date: March 10th, 2018 10:34 PM Author: Zippy Boiling Water Having multimillion dollar transactions being verified on some basement NEET’s video card is so absurd it’s lulzy (http://www.autoadmit.com/thread.php?thread_id=3914849&forum_id=7#35579066) |
|
Date: March 10th, 2018 11:09 PM Author: Doobsian Mind-boggling Jew Degenerate (guy who doesnt read white | blue papers) (http://www.autoadmit.com/thread.php?thread_id=3914849&forum_id=7#35579230) |
|
Date: March 11th, 2018 2:29 PM Author: violent galvanic parlor It's 180 (http://www.autoadmit.com/thread.php?thread_id=3914849&forum_id=7#35581644) |