all I know is if I was in venezuela I would have 100% of my money in gold or crypto. I think that fundamentally is the value - distributed systems that can't be banned in reality even if governments try
Few tokens that are mineable will go to zero (ETH, ZEC, XMR). Maybe some of the fringe stuff like ECN is at risk? Some folks are obviously trying to spark a rally, but I see lower lows before we go back to the highs again.
Few tokens that are mineable will go to zero (ETH, ZEC, XMR). Maybe some of the fringe stuff like ECN is at risk?
I have a few thousand Nimiq (NIM)
Yes, but I started about a year and a half-2 years ago. Paid off a 1080, decided it was probably worth pulling the trigger, and built a bigger rig. Paid that off about twice over, and trying to part it out now (as I don't need a pile of 1080ti's). That 'paid out twice over' is net, includes electricity and taxes.Did any of you miners make any money mining after electric costs?
Do you mean the three will not go to zero?
Chart says it wasn't very high to begin with.
It started trading at a little over half a penny each, now it's down to about 1/8th of a cent. I started mining it when it ICO'ed, hoping that it would go to a dollar. Wishful thinking
Eth was at $260 not long ago. Now its at $288. I think it'll stay stable, and start rising slowly before Constantinopole hard fork, then a proper rally will begin.
I've seen it happen. I have a few thousand Nimiq (NIM), and it's value has dropped to the point where I couldn't cover the exchange fees to get the currency out of the exchange after I sold it all. So... it's basically worthless.
Do you mean the three will not go to zero?
Penny stocks, including cryptos are a gamble. The only worst thing you can do is by using a slot machine. They are valued that low for a reason. I bought $100 worth of Penny stocks. Went down to $4, which was below the trading fee. Fortunately they said I won't be charged, so I was left with $4.
(Penny stocks are such because they didn't meet the listing requirements and got delisted from the big exchanges. Such delisting causes value to plummet even more. Chances of being even with your original investment, nevermind making money are very slim.)
Arn't a lot of penny stocks just because they are too new? Most stocks at one point probably started off that way. Ex: stuff on the TSX Venture. Too small to be on the real TSX but eventually think they get moved up? Honestly not sure though. I have like $500 in penny stocks in a local mining company. They started drilling a while back, have not heard much since then though. Figure it's better than spending that money at a fancy restaurant for a 1 day thing or something.
Not really... most stocks IPO around the $20 a share range. If it's gone down to pennies per share, either something has seriously gone wrong with the business or they have some legal issues.
What I did was more like angel investing.... I put money into a venture before it was pre-revenue. Super high risk, but super high reward if it works out.
It sounded like you were saying only 3 will go zero, but I figured that's not what you were saying.
A zombie fork of the Ethereum chain could contain all the dead ERC20 tokens out there. There're a LOT of those.
Actually what happens if a crypto completely dies, like everyone stops mining. Could one person technically singlehandedly take it over? Like the whole idea behind how they work is that everything is validated by the network but if the network is more or less gone, one person can basically just do whatever they want with the data such as change balances. (probably require lot of computations for that). I guess at that point it's moot since if it died then nobody cares about it anymore.
Well... not every ERC20 token can be as awesome as say... Coolcoin
My verdict: This does change things from the Antminer E3, which no sane person should consider buying. At the efficiency they are suggesting, at the moment it seems viable. However, nothing much changes long term. Ignore the people saying algorithm should change to kill ASICs.
Reasons are numerous. One, because there's no guarantee the "ASIC" portion isn't more flexible then it sounds like, and that may mean minimal change may be needed from the manufacturer's perspective to make it run a new Ethash algorithm. The Ethereum team would waste precious time away from Casper and Sharding for at best, a short-term solution.
Next gen GPU threat.
The EF wouldn't commit much time to it anyway. PoW is not in Ethereum's future.
If it truly is an ASIC, it isn't reprogrammable at all. But see above anyway.
Interestingly enough, Nvidia has already warned investors not to expect sales to miners to reach the same heights that we saw in 2017 or 2018 (and those sales are already petering out).
Ethereum is the real one. The "Classic" one isn't new - it's the old version of the chain from before the fork that recovered the stolen DAO funds in 2016. Coinbase just decided to add it recently because it was technically easy for them to do. That old fork of the chain was supposed to die off back then but a small minority has maintained running it anyway. It mostly exists as a means of scamming people and to serve as a haven for "code is law" ultra purists who either don't mind theft or don't believe theft is even a legitimate concept, and are philosophically unwilling to fix the results of even an obvious error in code. The chain has almost no developers or dapps being developed for it, so it is never going to amount to anything. But it is crypto, so it's possible to make money speculating on it if that's your bag.New Etherium fork? Or did I miss some nuance?
Coinbase now has a buy/sell, for BOTH "Etherium" and "Etherium Classic".
What's the difference?
That's true. But I was thinking since its aiming at the Eth algorithm which is very memory bound, which is where it gets ASIC-resistance from, perhaps the designers might add some flexibility. Maybe an FPGA rather than ASIC. ASIC seems to be used as an umbrella term for anything more specialized than GPU in the press.
I think we will see crypto pop back up in a big way as soon as one major institutional investor decides to pour serious cash in it. That alone I think would be enough to trigger a round of FOMO across amateurs and professionals alike
Can you imagine what would happen if the Saudi or Norweigan soverign wealth fund said they were buying some multi million stake in a basket of cryptos?
With Ethereum, most of the expense of building hardware to handle its current algorithm involves memory controllers and memory. You want low latency and high bandwidth.
Just saying, assuming it can only run one algorithm, and literally nothing else if the devs decide to hard fork away from it isn't looking at reality. That the chip or the system may be relatively easy for the manufacturer to make it run on the new algorithm. They might introduce a version 1.01 version with slight firmware adjustments 6 months later and the devs would have totally wasted time on it.
That is actually what the devs have said, and why they want to avoid changing the algorithm.
Monero network hashrate did actually fell by 80% from 1GH/s to 200MH/s after april anti-Bitmain hardfork.
But the opportunity was almost immediatelly picked by miner and multi-pools so it went to 400MH/s.
Since april 2018, I gave up on ETH mining and went back to Monero.
With http://www.xmrcgpu.com/XMRCGPU.zip I earn lot more on GPU's and I earn quite bit with CPU setting affininty to CPU 0,2,4,6,8,10 (Miner eats cache of cores, but I have hyperthreading "threads" left alone, way enough to browse the web or watch movies).
I also run XMRcgpu on unused cores on servers I manage and that's really awesome.