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Showing results for tags 'cryptocurrency'.
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Decentraland a blockchain world will have an event at 3/12 3/13 2am UTC where it looks like someone will be showing off a kiosk to order pizza IRL. This is definitely cool being able to use cryptocurrency to buy pizza in a digital world and have it delivered IRL. https://events.decentraland.org/en/?event=9ad1f34a-4565-498d-bac5-835e9c6b6047 Didn't think it belonged in the news section but thought it was cool -
Summary Greyscale a major bitcoin holder has now entered into the realm of ethereum Quotes My thoughts Ethereum will really begin to take off with such a major player stepping into the game. Also just to make sure this is on the up and up I do own BAT and MANA however this news story encompasses lots of other coins and will be a major catalyst for Ethereum adoption. Sources https://finance.yahoo.com/grayscale-investments-launches-five-investment-130000906.html
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Summary On 3/12 2021 a user successfully placed a order for domino's pizza through a in-game kiosk built buy another user named Lastraum. All while never leaving the blockchain based world called decentraland. Quotes My thoughts I think is freaking amazing that decentraland users are pushing this technology so far so fast. As a user and a mana coin holder in just the past few weeks I've seen this place explode in popularity. It's definitely going to be the beginning of ready player one style world and we are only just seeing the early stages. Sources https://www.playtoearn.online/2021/03/11/soon-you-order-pizza-while-traveling-in-decentraland/
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Nvidia thinks they can pull a fast one on gamers looking to grab an RTX 3060, but we know you're smarter than that - Let's dig deeper and see if we can figure out why they're launching cryptocurrency mining cards...
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(NOTE: This thread is intended to be 100% informative. You may or may not agree/disagree with NFTs, their premise etc, but create your own thread for politics. This post is purely about the technology and for people to learn, including myself. I will request any posts not on topic to be removed; @Mods, you have free rein. I want to keep it clean.) --- I have been in the 'Crypto' world for the last 5 years or so. It seems like the new trend is NFT's. Basically images that are supposed to be 1 of 1 or very limited and then bought and sold among users. I have also heard they use blockchain technology to make them unique apparently. Caption: Example NFT's I seen a news article about some 12 year-old kid who created some pictures of whales and they ended up being sold for £290,000. Source: https://www.bbc.co.uk/news/technology-58343062 So, is anyone on here in the loop and can give me a detailed explanation of: 1.) What exactly (technical) is an NFT? 2.) Why do some of them they have drastic value and sell for thousands? 3.) Let's say I go outside and take a picture, or open up Photoshop/Paint etc and create a picture - How do I convert this to an NFT? 4.) Let's say I do the above but someone copies my picture and changes 1 pixel and re-uploads it. Anything I can do in that scenario? Thanks in advance. - P.S. feel free to PM me also if you are interested in talking about NFTs if you wish. I have a couple of ideas and would be interested to speak to others who are already in the NFT market.
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I used to be a miner myself about 6 years ago and since then, have dabbled a bit in cryptocurrency buying and selling etc. However, I have recently been introduced to 'Mining Hosting' by a very wealthy friend who is renting machines to make cash. The way it works (from my understanding) is that you pay to effectively rent a mining rig(s) remotely across the globe, typically somewhere with cheap electric costs and the owner/host of the rig mines your chosen cryptocurrency for a dedicated period (usually hourly) and then sends you anything mined straight into your crypto wallet. Now this is the parts I don't understand: 1.) Why wouldn't the miners who own the machine just mine the cryptocurrency themselves? Surely they would make more by doing that? 2.) Why wouldn't the potential buyer of the service just purchase $1,000 of their chosen cryptocurrency rather than paying someone $1,000 to receive roughly the same amount? - Some exchanges are pretty much fee free these days. Obviously there is a reason it exists. Feel free to explain it in as much as detail as possible. (No links please)
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On my computer I play games nearly 100% of the time I am on it. However when I am not I will mine crypto currencies on the same GPU I use to play all the games I want to. But if the new gaming only GPU's are actually mining resistant, then that will be a huge problem for me. Additionally, the operating system I use is Linux. I feel like the only reason my current GPU has drivers that work is because of crypto currency mining. I know tons of people who have GPU driver problems on Linux on Nvidia GPU's, and with a large share of the Linux machines with Nvidia GPU's going to the new, mining only cards, I really feel like, if Nvidia continues this, no new gaming cards will have good Linux drivers. I feel like with this not only will a lot of gamers who mine crypto currencies during their computers downtime will suffer, but gaming on Linux will suffer immensely too. All I can really hope for is that either this doesn't end up happening or Nvidia only does it this one time because of the silicon shortage. But I also feel like they won't stop doing this because it means more profit for them. If cryptocurrency miners need to buy new cards to keep getting profit, all their old mining hardware will be useless since there is no one that can use it anymore. Thus meaning that the left over mining cards will just be thrown away. Personally, this is horrible and I really really hope this never happens.- 3 replies
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Summary A German born photographer living in San Francisco feels like he’s going crazy because he can’t access his Bitcoin wallet worth $220 million because he has forgotten his password My thoughts And then there’s me thinking how I wish to myself I was an early adopter of Bitcoin just like Mr. Stefan Thomas. Just like the rest of the Bitcoin millionaires in the news, he’s also an early adopter way back in 2011 when he was living in Switzerland but it was given to him as a reward. He kept it in an encrypted, password protected wallet which he can’t recover due to his lost password. Just imagine how much richer he could’ve been. Now he can’t stop thinking about it, as if he’s going crazy. Now the take away from the story is to use a password manager to remember those passwords for you, especially for those stored years ago. I do not recommend using pen and paper to write those down just like Mr. Thomas. But remember that when investing whether it’s stocks, bonds, or even crypto, do not put your eggs on a single basket or else nothing will be left. Unlike bonds, stocks and investment funds that is protected and regulated, cryptocurrency is decentralized hence you’re on your own. Also, unlike banks with depositor insurance mandated by the like of FDIC ($250,000), crypto has none. But the guy in the story doesn’t seem to have gone poor because has put all his money to BTC more of regret and disappointment because he cannot remember his password. Let’s also not forget that crypto is a favorite of cybercriminals as if it’s a low hanging fruit. Ransomware authors often demand monetary ransom in a form of crypto and hackers exploit vulnerabilities in public ledgers. So, banks are still the best place to store money and for safer investments, talk to a legit financial adviser about investment choices with varying aggressiveness in earnings. Nonetheless, this is not the last person in the news about forgotten Bitcoin passwords as their values become even higher. Sources New York Times
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Hey, I recently got a new pc, it has a single GPU (a Radeon Rx 570). I have the following queries: 1. Currently using NiceHash Wallet and Miner. Should I switch to some better option? 2. I'm making about 1 USD per day (before subtracting electricity costs) If I want to upgrade my setup, what should I upgrade it to? I know that ASIC are better at mining, but are profitable only when you get hand on them just after the lauch (else they become outdated to mine). So should I go for adding more RX 570s (on the cost of buying one ASIC) or buying a ASIC. Also, since I don't have a power meter to measure my rig's wattage, is 1$ profitable or not? Also, if 3090ti is the most powerful nowadays, why does internet still recommend 570s and 1080s, (Is ROI the most important factor, what about the Hashrate?) My Electricity costs are around 0.1$ per 1kWHr or 1 unit -
Razer has just announced their own line of digital currency call zVault, where it lets users make secure payments, earn rewards, and Razer product offers. There are 2 types of currency part of Razer zVault, zGold and zSilver. To start, users will use Paypal, similar services, or a Credit Card, to purchase some zGold currency, where 100 zGold is equal to $1 US dollar. The currency comes in fixed amounts of 3,000, 5,000, and 10,000. Once you have that, this can then be used to purchase in-game items or other digital contents from games and digital services that supports Razer zVault. As of now, there are a few games and digital stores, that lets allow Razer zVault currency, so maybe as it starts to grow, more will support it. Next is zSilver, Razer's zVault secondary currency. For this, there is no way of buying it like you do with zGold. It can only be earn when you use zGold when making a purchase or mined when you use Razer's Cortex and Arena software. When enough zSilver coins are earned, this can be used to make purchase on Razer own line of products from mouse pads, headsets, keyboards, to even laptops. http://www.tomshardware.com/news/razer-zvault-zgold-zsilver-program,33818.html https://zvault.razerzone.com/
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http://deliddedtech.com/2017/05/28/bitcoincryptocurrency-craze-wipes-out-amd-gpu-supply/ Do you guys think this is good for AMD? They've had this happen before. While it certainly is helping short term sales, they aren't getting extra from the wholesalers/retailers that are charging more than MSRP. In addition, it could have negative effects in the long term due to large-scale offloading of used cards when this whole mining thing slows down, thus eventually encouraging users to pick up a used one for half price instead of buying new. In addition, gamers that are currently unable to get an AMD GPU at a reasonable price may go with NVIDIA, and get locked into proprietary hardware such as GSync monitors, thus discouraging them from upgrading to AMD in the future, thus hurting future sales. I personally have an RX 380 that I need to RMA, but I'm worried about if they'll even have any extras to replace it with since they're selling so quickly. -
Okay so I want to get into mining etherium badly but after research for the most economical and best gpu for the job, It dawned on my that these gpus are becoming less common. The best card is the Sapphire RX 480 NITRO+ but I can only find it at around $350. With the new tech that has been coming out is there a better cost option for the same performance as the RX 480? Or maybe there is a similar performing RX 480 that's a lot less?
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Nvidia has released some slides on their cryptocurrency mining system, and it looks like, there is more to it than a simple video card. The mining system has 8 pcie slots, a server like design chassis and it's powered by a celeron processor, with 4gb of ram, and 64gb ssd. https://videocardz.com/newz/first-look-at-pascal-based-gpu-cryptocurrency-mining-station Update: Actual hardware itself Image credit: expreview
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Bitcoin jumped to $1,437 on Tuesday, its highest ever value. Bitcoin's value has more than tripled since May of last year. Source: http://mobile.reuters.com/article/technologyNews/idUSKBN17Y12R
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Can you imagine, rendering a complete animation movie in minutes? That would be crazy. They also plan on expanding from CGI in the future from my understanding for other compute fields. source: http://www.forbes.com/sites/rogeraitken/2016/11/12/fintech-golems-airbnb-for-computing-crowdsale-scores-8-6m-in-minutes/#726f8e80422a -
So I was thinking of building my own mining rig. However, my budget is really small and I can't really afford to buy another graphics card, at least not at the moment. My RX470 is currently in my main gaming machine, but I will not use that card to mine as I don't want to leave my main rig running all day, all night in my room, because it makes the ambient temperature rise quite a bit and the noise will keep me from sleeping. So, I'm looking at placing a machine in one of the rooms not used for sleeping. But my second most-powerful card is just a mere GTX 560 TI, which I've read can't even mine Euthereum. Am I out of options here? Or is there still something that I can do which can at least mine a little and doesn't require a large investment?
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I woke up early to grab Vega 56 at 9:00e for it's release. At 9:02 I saw it on Amazon and it was sold out by the time I clicked the link. Fml all I want is to take advantage of freesync. All I could do was put some money towards one that they'll "ship once it's in stock", and they didn't give a timeline. Has anyone had any luck?
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Amazon has just bought 3 web address related to cryptocurrency. The web addresses are, amazonethereum.com, amazoncryptocurrency.com, and amazoncryptocurrencies.com. They also had one call Amazonbitcoin.com, which was registered back in 2013. http://fortune.com/2017/11/02/amazon-cryptocurrency-domain-name-registration/
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I'm currently doing an Extended Project as part of my Sixth Form course (UK education) - I don't know the US education equivalent. We had to pick a topic which we are interested in and yet weren't completely in the know about. I decided to choose Cryptocurrency as I know roughly how it works but I thought it would be a good topic to pick based on the fact I want a career in some type of computing industry. We have to write the essay on the topic by posing some sort of question or point of discussion. I have come up with a few angles I could talk about it from such as links to real-world economics, uses/corruption (legality, China etc). I thought some people here might be able to suggest a good interesting route I could go with. Please leave any ideas/suggestions. -
So I have been mining with my 1060 and have around $100 USD in Ethereum. I want to try to sell it so I can buy some ddr4 ram, any suggestions on how I can sell it?
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So I've heard time and again that buying a GPU that was used for mining is just bad news. But with Ethereum mining on the decline and others saying it's already dead I would assume that eBay, Craigslist, etc. are going see a rise in post-consumer, ex-mining GPUs going for a small fraction of their MSRP in the near future. That being said I have a few questions: 1. Has the secondary-market been flooded with ex-mining GPUs when other cryptocurrency bubbles have popped or the "landscape" changed? e.g. When bitcoin ASIC chips became more efficient than GPUs 2. If so, do these cards typically sell for a significant markdown off of MSRP, or do people try to pass them off as though they were simply another used gaming GPU? 3. How do these ex-mining cards stack up against new, lightly, or even heavily used gaming cards in various benchmarks? 4. I've heard that video artifacts are occasionally a problem, are there other effects caused by the mining that might make these cards unsuitable/ unusable for gaming? (Other than simply killing it) 5. Might the ex-mining discount (assuming there is one) be enough to ignore some of the problems with these cards? I'd love to see a LTT video answering some or all of the above questions but getting answers from experience members of the community would be appreciated as well. Note: I'm not actually looking at buying an ex-mining card, I'm very happy with the system that I have, I've just been curious about what happens to all these GPUs following a mining craze.
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What are your opinions on the future of cryptocurrency? Not trying to start wars just want to see what the community thinks. -
Is it safe to buy a used graphics card from someone that used it for bit coin mining? What are the dangers of using this used equipment if that is the case? Or is used only for gaming the better way to buy equipment?
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https://arstechnica.com/information-technology/2017/10/a-surge-of-sites-and-apps-are-exhausting-your-cpu-to-mine-cryptocurrency/ A company by the name of CoinHive has been selling a service to website owners and hacking their way into others to be able to run mining software through a website, depleting your system resources on your phone or tablet for money, even when you just have the tab open. It is usually used to prevent a website from having to run ads. The only problem is that this mining is done without any permission or consent from the user. This is not cool on the part of the site owners. IMO at least tell your visitors. Its similar to if someone made YouTube videos from your computer without your consent, and gave a small cut to YouTube.
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i attached my screen caps. I expect it to be doing a lot better.
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