71–80 of 361 posts
Earlier quoted context omitted.
But that's 385 / month revenue? On a setup that's what, $3400 to buy, for seven 1070s? Seems like asking for 10 months to cover capex is a bit thin, given the price instability.
High risk, high reward. If you buy the average piece of real estate and rent it out, you are looking at 30+ years to cover the cost. You can also lose it all (housing bubble) or quadruple your investment (investing in SF 10 years ago)
Good, maybe video cards will start to come back in stock at their MSRP.
NiceHash, MinerGate, Awesome Miner and others - many have an affiliate program and fight against botnets (and antivirus often block the actual mining programs they download).
All I can think of is the careless environmental impact of all that dirty electricity consumption. For, let's be honest, a mostly speculative activity. One cryptocurrency crashes, another gets hyped up, and the computational cycle repeats. When will it end.
Off topic, but the "ETH/USD" label on the price graph bothers me. Shouldn't it be USD/ETH? https://www.overclock3d.net/gfx/articles/2017/07/16083553143... 150 ETH/USD would mean that you can get 150 coins per 1 USD. On the other hand, 150 USD/ETH correctly captures the mathematical relationship.
ETH in ISK = 16524.55
USD in ISK = 103.42
ETH / USD
(1 * ETH) / (1 * USD) # Multiplicative identity
16524.55 ISK / 103.42 ISK # Expand to ISK
16524.55 / 103.42 # Cancellation of units
159.78 # Divisionhttps://www.ethnews.com/proof-of-work-vs-proof-of-stake-expl...
I thought ethereum would move to Proof of State from Proof of Work which will make mining as it's obsolete. https://www.ethnews.com/proof-of-work-vs-proof-of-stake-expl...
Earlier quoted context omitted.
Miners shouldn't be meaningfully exposed since they can sell off their ETH as soon as they mine it (deposit it to an exchange address and sell off every few minutes via an API, or something like that). And while ETH might crash enough to make it no longer profitable and risking your capex, you can switch your GPU to mine whatever is most profitable, so you're more diversified than it looks and insulated from the inst…
If Eth crashes (more) and bitcoin continues to drop, no crypto is going to be worth anything.