Forum for the entire range of BMW electric vehicles
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
BIMMERPOST Universal Forums Off-Topic Discussions Board Video + PC Gaming / Computing

Closed Thread
 
Thread Tools Search this Thread
      11-30-2017, 07:34 PM   #23
Mandi90TT
Colonel
United_States
2712
Rep
2,371
Posts

Drives: BSM 6MT M4 F82
Join Date: Aug 2014
Location: Colorado Springs

iTrader: (0)

Quote:
Originally Posted by NickyC View Post
Whatever you do, do not keep your coins on an exchange like Coinbase. You can use that site to buy/sell coins, but get them the hell off there and into your own private wallet.

Use Trezor or something.
Good advice, although Coinbase is pretty safe, but yeah, if you are not trading on a regular basis, keep anything over $1k on N offline hardware wallet.
__________________
2015 Black Sapphire Metallic 6MT M4
Appreciate 1
NickyC17350.50
      11-30-2017, 08:36 PM   #24
greenthumb
Private
greenthumb's Avatar
United_States
47
Rep
42
Posts

Drives: '12 135i ///M-Sport
Join Date: Oct 2015
Location: Virginia

iTrader: (0)

Garage List
2012 BMW 135i  [10.00]
I bought 2 1070 Tis on release day for mining. Fantastic cards. I really want to try out a Vega 56 though.
Appreciate 0
      11-30-2017, 08:39 PM   #25
Mandi90TT
Colonel
United_States
2712
Rep
2,371
Posts

Drives: BSM 6MT M4 F82
Join Date: Aug 2014
Location: Colorado Springs

iTrader: (0)

My 1070tis consistently do better than my Vega 56s

Last edited by Mandi90TT; 12-01-2017 at 09:34 AM..
Appreciate 0
      12-04-2017, 11:04 PM   #26
P1
Lieutenant General
P1's Avatar
11542
Rep
11,128
Posts

Drives: 2004 3/4 ton Duramax
Join Date: Aug 2007
Location: United States

iTrader: (1)

What about all the other cryptocurrencies like Dash and Monero? Is it all just hype at this point, or are folks just trying to throw $1K at something in the hopes that it'll turn into a million a year from now?
Appreciate 0
      12-04-2017, 11:28 PM   #27
xQx
General
Australia
903
Rep
1,003
Posts

Drives: 2008 BMW 135i (E88 N54 6AT)
Join Date: Aug 2016
Location: Sunshine Coast QLD Australia

iTrader: (0)

Quote:
Originally Posted by P1et View Post
What about all the other cryptocurrencies like Dash and Monero? Is it all just hype at this point, or are folks just trying to throw $1K at something in the hopes that it'll turn into a million a year from now?
In short: Yes.

There are advantages / disadvantages to each; but BTC is the most popular and the general investors understanding of its advantages / disadvantages / technical design is outstandingly inaccurate.... so investing in Dash because it's technically superior to BTC is like investing in Betamax in the early 80's (or whenever it was neck and neck with VHS - I'm not saying Dash will fail, I'm saying the technical specifications aren't what's driving the price).

People have seen BTC go from $37 to $11,000. Ethereum has gone from $45 to $450 in six months. Dash has gone from $6 to $700. They're just throwing $1,000 into anything else that has some potential and are hoping that one out of 10 of them will go up 100x.
Appreciate 1
P111541.50
      12-05-2017, 10:05 AM   #28
TurboSid
Brigadier General
TurboSid's Avatar
1083
Rep
3,256
Posts

Drives: 2022 M4Cx BSM/FR
Join Date: Apr 2008
Location: Florida

iTrader: (4)

Garage List
2008 335i  [0.00]
I have been running my 1080 and 1060s. gotten about $15 since the weekend. This is definitely a slow moving thing and like most said probably better to just throw some money at it on the exchange.

I'm still debating doing a 1070ti rig maybe 4 gpus.
__________________


2022 BSM/FR M4 Competition X-Drive
2017 MW/SO M4 ZCP [SOLD] • 2015 MW/SO M4 M-DCT FBO [SOLD] • 2011 AW/CR 335is DCT FBO [SOLD] • 2008 AW/CR 335i 6MT FBO [SOLD]
Appreciate 0
      12-05-2017, 10:21 AM   #29
R3dliner
Lieutenant Colonel
R3dliner's Avatar
United_States
935
Rep
1,930
Posts

Drives: 18 M3 6MT
Join Date: Mar 2016
Location: NYC

iTrader: (5)

Dumb question. I'd imagine these rigs are ran 24/7?
How's the electric bill and any damage to power supply?
Appreciate 0
      12-05-2017, 11:11 AM   #30
TurboSid
Brigadier General
TurboSid's Avatar
1083
Rep
3,256
Posts

Drives: 2022 M4Cx BSM/FR
Join Date: Apr 2008
Location: Florida

iTrader: (4)

Garage List
2008 335i  [0.00]
Quote:
Originally Posted by R3dliner View Post
Dumb question. I'd imagine these rigs are ran 24/7?
How's the electric bill and any damage to power supply?
To get the max benefit yes. The calculator at NiceHash takes into account energy and you can buy tools to monitor your energy consumption as well.

There's no short term damage to the psu but the gpu fans will be running at close to max speed so long term wear might be a factor sooner.

The more cooling the better
__________________


2022 BSM/FR M4 Competition X-Drive
2017 MW/SO M4 ZCP [SOLD] • 2015 MW/SO M4 M-DCT FBO [SOLD] • 2011 AW/CR 335is DCT FBO [SOLD] • 2008 AW/CR 335i 6MT FBO [SOLD]
Appreciate 1
R3dliner934.50
      12-05-2017, 03:17 PM   #31
Kolyan2k
Major General
916
Rep
5,538
Posts

Drives: 2006 S2000
Join Date: Apr 2010
Location: Boston

iTrader: (1)

Quote:
Originally Posted by TurboSid View Post
I have been running my 1080 and 1060s. gotten about $15 since the weekend. This is definitely a slow moving thing and like most said probably better to just throw some money at it on the exchange.

I'm still debating doing a 1070ti rig maybe 4 gpus.
$15 bucks? how many days and how many cards?
Appreciate 0
      12-05-2017, 03:19 PM   #32
Kolyan2k
Major General
916
Rep
5,538
Posts

Drives: 2006 S2000
Join Date: Apr 2010
Location: Boston

iTrader: (1)

Quote:
Originally Posted by P1et View Post
What about all the other cryptocurrencies like Dash and Monero? Is it all just hype at this point, or are folks just trying to throw $1K at something in the hopes that it'll turn into a million a year from now?
Quote:
Originally Posted by xQx View Post
In short: Yes.

There are advantages / disadvantages to each; but BTC is the most popular and the general investors understanding of its advantages / disadvantages / technical design is outstandingly inaccurate.... so investing in Dash because it's technically superior to BTC is like investing in Betamax in the early 80's (or whenever it was neck and neck with VHS - I'm not saying Dash will fail, I'm saying the technical specifications aren't what's driving the price).

People have seen BTC go from $37 to $11,000. Ethereum has gone from $45 to $450 in six months. Dash has gone from $6 to $700. They're just throwing $1,000 into anything else that has some potential and are hoping that one out of 10 of them will go up 100x.
I read mining Dash is not profitable anymore due to sky rocketed difficulty. Read that people bought D3 miners and they are almost worthless now.
Appreciate 0
      12-05-2017, 03:32 PM   #33
TurboSid
Brigadier General
TurboSid's Avatar
1083
Rep
3,256
Posts

Drives: 2022 M4Cx BSM/FR
Join Date: Apr 2008
Location: Florida

iTrader: (4)

Garage List
2008 335i  [0.00]
Quote:
Originally Posted by Kolyan2k View Post
$15 bucks? how many days and how many cards?
GTX 1080 and GTX 1060, separate systems. Running since approx. 3am on Sunday
__________________


2022 BSM/FR M4 Competition X-Drive
2017 MW/SO M4 ZCP [SOLD] • 2015 MW/SO M4 M-DCT FBO [SOLD] • 2011 AW/CR 335is DCT FBO [SOLD] • 2008 AW/CR 335i 6MT FBO [SOLD]
Appreciate 0
      12-05-2017, 03:39 PM   #34
Kolyan2k
Major General
916
Rep
5,538
Posts

Drives: 2006 S2000
Join Date: Apr 2010
Location: Boston

iTrader: (1)

I am getting hit from 2 sides with 2 of my buddies wanting to mine. I have no clue about this mining stuff but recently learned that those 1070ti maybe 6 of them should generate roughly $500 per month. But this stuff aint cheap, you are looking at $3500-4000 rig and the biggest question in 7-8 month when rig pays for itself will you be generating any profits due to prices and difficultly?

I looked at Antminers as well. I read S9s have 20% failure rate, near zero customer service and warranty. Its a 3 month wait time to get one (I guess it could be more because you can expect anything from China), and its the same story....even if you do get one in 3 month, even if it does work, will it still make money in 6 month or even 3?
Ps. Antminers released T9 in January which is supposed to be more reliable then S9, but thats not even available to preorder
Appreciate 0
      12-05-2017, 03:42 PM   #35
TurboSid
Brigadier General
TurboSid's Avatar
1083
Rep
3,256
Posts

Drives: 2022 M4Cx BSM/FR
Join Date: Apr 2008
Location: Florida

iTrader: (4)

Garage List
2008 335i  [0.00]
The GTX series and the and equivalent will be easier to sell if u need to get rid of them. I'm going to stick with 1070ti if I do a mining rig. I already ordered the Mobo and CPU for the hell of it.
Appreciate 0
      12-05-2017, 03:46 PM   #36
Kolyan2k
Major General
916
Rep
5,538
Posts

Drives: 2006 S2000
Join Date: Apr 2010
Location: Boston

iTrader: (1)

Quote:
Originally Posted by TurboSid View Post
The GTX series and the and equivalent will be easier to sell if u need to get rid of them. I'm going to stick with 1070ti if I do a mining rig. I already ordered the Mobo and CPU for the hell of it.
Market will be flooded with discounts and used GPUs if or when shit hits the fan You'll be getting nickels and dimes for those 1070tis What do people here think of simply reselling Antminers? Those are double the price from US sellers.
I like how one guy commented in some forum. During gold rush people made money on selling shovels not gold
Appreciate 0
      12-05-2017, 04:55 PM   #37
TurboSid
Brigadier General
TurboSid's Avatar
1083
Rep
3,256
Posts

Drives: 2022 M4Cx BSM/FR
Join Date: Apr 2008
Location: Florida

iTrader: (4)

Garage List
2008 335i  [0.00]
Agreed about the market being flooded. But at the end of the day it'll still be easier to sell than mining specific cards. Hopefully if/when that does happen you'd have recuperated at least a little bit of your costs
Appreciate 0
      12-05-2017, 06:03 PM   #38
Mandi90TT
Colonel
United_States
2712
Rep
2,371
Posts

Drives: BSM 6MT M4 F82
Join Date: Aug 2014
Location: Colorado Springs

iTrader: (0)

Quote:
Originally Posted by TurboSid View Post
I have been running my 1080 and 1060s. gotten about $15 since the weekend. This is definitely a slow moving thing and like most said probably better to just throw some money at it on the exchange.

I'm still debating doing a 1070ti rig maybe 4 gpus.
IF you are a techie, it's a fun project to keep in the basement/garage/corner room and play with it. If you are an average guy, you are likely better served by investing directly in coin.

I'm a techie.
__________________
2015 Black Sapphire Metallic 6MT M4
Appreciate 0
      12-06-2017, 06:23 PM   #39
Kolyan2k
Major General
916
Rep
5,538
Posts

Drives: 2006 S2000
Join Date: Apr 2010
Location: Boston

iTrader: (1)

https://www.coindesk.com/62-million-...cehash-hacked/
Appreciate 0
      12-07-2017, 06:59 AM   #40
TurboSid
Brigadier General
TurboSid's Avatar
1083
Rep
3,256
Posts

Drives: 2022 M4Cx BSM/FR
Join Date: Apr 2008
Location: Florida

iTrader: (4)

Garage List
2008 335i  [0.00]
Quote:
Originally Posted by Kolyan2k View Post
wow that sucks.

I had my wallet at coinbase but didn't get a payout so I guess I'm out $20 and a few days of mining.
__________________


2022 BSM/FR M4 Competition X-Drive
2017 MW/SO M4 ZCP [SOLD] • 2015 MW/SO M4 M-DCT FBO [SOLD] • 2011 AW/CR 335is DCT FBO [SOLD] • 2008 AW/CR 335i 6MT FBO [SOLD]
Appreciate 0
      12-07-2017, 07:33 AM   #41
Mandi90TT
Colonel
United_States
2712
Rep
2,371
Posts

Drives: BSM 6MT M4 F82
Join Date: Aug 2014
Location: Colorado Springs

iTrader: (0)

Yeah, I lost about $500, since I wait until I get 0.15 BTC, which minimizes the transfer fees, before I transfer my internal wallet to my coinbase wallet.
__________________
2015 Black Sapphire Metallic 6MT M4
Appreciate 1
xQx902.50
      12-07-2017, 02:02 PM   #42
Kolyan2k
Major General
916
Rep
5,538
Posts

Drives: 2006 S2000
Join Date: Apr 2010
Location: Boston

iTrader: (1)

Hackers must be having a blast with all this crypto currency

PS. Saw a YouTube of some guy, he spend $80k on Bitmain miners about a year ago. I calculated, at $20k for 1 Bitcoin he has about $5 million today and he didnt do shit, just paid a guy to set everything up for him. Drives Bentayga
Appreciate 0
      12-07-2017, 02:39 PM   #43
Rob340i
Sergeant First Class
United_States
87
Rep
150
Posts

Drives: 340i M Sport
Join Date: Nov 2017
Location: Italy

iTrader: (0)

Personally i feel its a little late in the game to get into it and it all seems a little risky to me i will stick with the conservative methods such as the stock market precious metals and property.
Appreciate 0
      12-07-2017, 08:15 PM   #44
Kolyan2k
Major General
916
Rep
5,538
Posts

Drives: 2006 S2000
Join Date: Apr 2010
Location: Boston

iTrader: (1)

So now that NiceHash is down, what do people use? Any other recommendations?
Appreciate 0
Closed Thread

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 04:49 PM.




bmw
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST