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Unread 2017-06-20, 09:59 PM   #1
Scooby24
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Default Is anyone mining Ethereum right now?

With the insane sales of the AMD cards right now for Ethereum mining, I wonder if I can put my 1080 ti to work also...no idea what it takes to mine. Anyone here with experience?
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Unread 2017-06-21, 01:44 PM   #2
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Use Nicehash as your client. and stay away from coinbase.
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Unread 2017-06-21, 02:01 PM   #3
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Originally Posted by Scooby24 View Post
With the insane sales of the AMD cards right now for Ethereum mining, I wonder if I can put my 1080 ti to work also...no idea what it takes to mine. Anyone here with experience?
https://www.cryptocompare.com/mining...ostPerkWh=0.12
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Unread 2017-06-21, 03:50 PM   #4
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I thought if you weren't already mining it, you've missed the boat?
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Unread 2017-06-22, 09:02 AM   #5
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Quote:
Originally Posted by Scooby24 View Post
With the insane sales of the AMD cards right now for Ethereum mining, I wonder if I can put my 1080 ti to work also...no idea what it takes to mine. Anyone here with experience?
I'm using a 1080 which has to be throttled to no use a significant amount power consumption. While 1 card is better than nothing it won't make you rich at this point, but can still make you a little money possibly.

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Use Nicehash as your client. and stay away from coinbase.
This is what I do, I have 5 cards running different hashing and aver about 35 dollars a day. Why do you recommend steering clear of coinbase?

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I thought if you weren't already mining it, you've missed the boat?
It can be profitable depending on what cards you have and the cost of electricity.
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Unread 2017-06-22, 02:00 PM   #6
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I sold my RX 580 and GTX 970 for a decent profit thanks to the mining rush.

I may try putting my 1080ti to work with NiceHash, looks like earning a little less but takes a lot of the hassle out of everything since they just pay you BTC. Will use their own wallet or Coinbase, I'm undecided at this point.

The NiceHash profitiability calculator shows earning about $8/day with a 1080ti.
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Unread 2017-06-22, 03:01 PM   #7
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I sold my RX 580 and GTX 970 for a decent profit thanks to the mining rush.

I may try putting my 1080ti to work with NiceHash, looks like earning a little less but takes a lot of the hassle out of everything since they just pay you BTC. Will use their own wallet or Coinbase, I'm undecided at this point.

The NiceHash profitiability calculator shows earning about $8/day with a 1080ti.
Does that $8 a day include cost to operate?
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Unread 2017-06-22, 03:03 PM   #8
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Does that $8 a day include cost to operate?
It factored in electrical consumption, yes.
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Unread 2017-06-22, 03:15 PM   #9
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See, multiply that by 365 days a year, and factor in price increase of ethereum, seems like it might be worth it.
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Unread 2017-06-22, 03:15 PM   #10
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its gonna take a mining rig to make any significant money

example of one thats about 1000/month

http://www.coinminingrigs.com/how-to...pu-mining-rig/
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Unread 2017-06-22, 03:23 PM   #11
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Hell, even if it just gives me spare cash for beer and games, I call that a win.

I figure I'll just sit on whatever coin(s) I mine and see if the value rises.
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Unread 2017-06-22, 05:42 PM   #12
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I still don't get it.

What is actually being mined? And how is it considered worth anything?

I realize US dollars are fiat money, but there is value in the stability of our government.
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Unread 2017-06-22, 07:13 PM   #13
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I still don't get it.

What is actually being mined? And how is it considered worth anything?

I realize US dollars are fiat money, but there is value in the stability of our government.
Google cryptocurrency
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Unread 2017-06-23, 09:41 AM   #14
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Hell, even if it just gives me spare cash for beer and games, I call that a win.

I figure I'll just sit on whatever coin(s) I mine and see if the value rises.
The thing is it's not exactly the most liquid of assets.
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Unread 2017-06-25, 04:17 PM   #15
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This gold rush is crazy. Newegg is sold out of GTX 1070's, and the cheapest 3rd party sellers are $700+.
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Unread 2017-06-26, 10:05 PM   #16
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Investor Jitters and 4Chan Hoax Knock $4 Billion Off the Value of Ethereum Cryptocurrency





Image: Shutterstock
Following a flash crash last Wednesday, the company that runs GDAX, an exchange for the ethereum digital currency, announced that it would pay back investors who lost money. If Monday’s market performance for the cryptocurrency is any indication, that move didn’t reassure investors.

The most reasonable explanation for why the Ethereum currency dropped from a high of $311.46 on Monday to a low of $238.65 is that a market correction is taking place for the out of control values of digital currencies. Analysts reasoned that investors who have seen their bets pay off decided today was a good time to take their money and run. Across the board, the most popular cryptocoins showed huge declines.
Ethereum, the second most popular coin offering around was particularly vulnerable today. It didn’t experience the highest losses but it came close, shedding 19.79 percent of its value. The aforementioned flash crash and its recent notoriety mean that a lot of eyes were watching as its counter steadily ticked down. But some observers have placed part of the blame for Ethereum’s fall on the shameless tricksters on 4Chan’s /biz/ board.





On Sunday, an anonymous post appeared on 4Chan claiming:
Vitalik Buterin confirmed dead. Insiders unloading ETH. Fatal car crash. And now we have our answer. He was the glue. It will be difficult for ETH to recover and the entire crypto sphere is in big trouble.
Vitalik Buterin is the young inventor of the ethereum blockchain. Unlike the creator of bitcoin, he’s not masking his identity. He’s also not dead. He also doesn’t control ethereum’s decentralized network. But he’s the face of his own creation and nervous investors may have seen the rumor as a good time to sell. Buterin quickly took to Twitter to issue proof of life through data from the most recent block in the chain.

According to Quartz’s calculations, Sunday’s escapades knocked $4 billion off the digital currency’s market value. At the time of posting, ethereum is worth $257.55 which is still way higher than the $8.37 it started at in January.
That’s nothing compared to bitcoin which is currently valued at $2376.29. The digital currency that started it all experienced an 8.81 percent decline today. Investor and crypto hedge fund manager Tim Enneking tells CoinDesk that this is the primary reason for today’s market activity. “When bitcoin sees a large move down, as we’ve seen in the past 48 hours, it still has a tendency to take the entire rest of the market with it,” he says.
What goes up must come down. But Union Square Ventures partner Fred Wilson is feeling good about the long-term. “My gut says we are headed for a selloff in the crypto sector,” he wrote in a blog post on Monday. He says he’s still convinced it’ll be a good bet over the next five or ten years. He also wrote, “I am wrong a lot.”
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