The State of Cryptocurrency

[moproblems99]

Someone mentioned the current mining difficulty level... I wonder if it could potentially drop, as less miners might be on the network given the current profitability?

It has dropped but not by a comparable margin. Ether lost nearly half its value but difficulty only dropped by < 5%.

 

[erocker]

Yep, dictating to Cortana is how I post.

If it were really Cortana it would read:

Yes, Dick Tracy drinks Corona's on his boat.

 

[yotano211]

Someone mentioned the current mining difficulty level... I wonder if it could potentially drop, as less miners might be on the network given the current profitability?

The only thing I know is that zcash difficulty level went up like crazy since I started mining ZEC 1.5 months ago.

 

[trog100]

none of the economies you mentioned ford are strong.. they are all teetering on the edge all kept afloat by cheap money and excessive dept.. some may appear relatively strong compared to others but the whole lot is like pack of cards that could come down at any minute.. stocks are artificially inflated by company buy backs (in a huge bubble) all based on freely available cheap money.. the whole lot is very dodgy ford.. i am surprised you appear not to dont know this..

as i say all the negatives you keep coming up with about crypto can equally be said about the so called real economy.. its all fake with nothing real behind it to back it up except "faith"... pretty much like crypto..

trog

 

[FordGT90Concept]

What is GDP and why is it so important to economists and investors?

US GDP $19.3 trillion
EU GDP $17.1 trillion

That's wealth created every year. Crypto doesn't even create wealth.

 

[R-T-B]

Crypto doesn't even create wealth.

Debatable. It doesn't bring new currency into existence, but neither does most of the activities in GDP or we'd have rampant inflation. What's important is money is changing hands. And mining CAN be considered a "service" and thus part of the GDP.

 

[dorsetknob]

And mining CAN be considered a "service" and thus part of the GDP.

Sisterhood of the night provide a Service and thats a good chunk of change but that is never factored into GDP ( they are part of the Financial Service Industry )

 

[FordGT90Concept]

Debatable. It doesn't bring new currency into existence, but neither does most of the activities in GDP or we'd have rampant inflation. What's important is money is changing hands. And mining CAN be considered a "service" and thus part of the GDP.

It's more of a redistribution of wealth; not the creation of new wealth.

 

[R-T-B]

It's more of a redistribution of wealth; not the creation of new wealth.

Riddle me this: Since we aren't printing currency, what's the difference?

EDIT: Oh wait, I know! production of a product or beneficial upgrade to infrastructure, etc... oh wow, high school economics just came back.

No reply neccesary, just made a fool of myself.

 

[hat]

Going down more and more. I hoped to build up enough to buy a new rig eventually. Maybe I'll have enough when new hardware comes out and all this processor security nonsense is done with. I'd hate to wind up with a coffee lake system that runs like my current system because of crappy patches anyways...

I dunno if there is or not, but if not, there really should be an option to easily enable or disable the patch. I understand server farms would probably need it, but most likely not the home user...

 

[R-T-B]

dunno if there is or not, but if not, there really should be an option to easily enable or disable the patch.

There is. Registry keys exist to manage the patches. InSpectre run as Administrator will let you manage them easily.

 

[hat]

I was thinking more along the lines of something in the BIOS...

Looks like I was protected against Meltdown, but not Spectre. It said my performance was slower as well. Now I'm vulnerable to Meltdown, but with good performance.

 

[R-T-B]

I was thinking more along the lines of something in the BIOS...

I mean, Meltdown is patched entirely os-side, so nope on that front.

Spectre is also microcode, so running old microcode bios would do the trick, but thats really all you can do other than just use the tool I mentioned (which is much easier).

I was thinking more along the lines of something in the BIOS...

Looks like I was protected against Meltdown, but not Spectre. It said my performance was slower as well. Now I'm vulnerable to Meltdown, but with good performance.

So with meltdown disabled you are already at 100% performance honestly. Just be cautious about malware and thats probably fine.

 

[hat]

It was previously enabled, but is now disabled. Funny thing is I haven't noticed anything running any slower... I wonder if it's limited to specific types of workloads I don't really mess with...

 

[R-T-B]

It was previously enabled, but is now disabled. Funny thing is I haven't noticed anything running any slower... I wonder if it's limited to specific types of workloads I don't really mess with...

Most IO functions I understand. Paging and such. Not something the average gamer does a lot of I figure.

We're way off topic, though. Course correction!

 

[aldo5]

first time I see today used gtx 1080 TI's (few months used - for mining of course) hitting under 600$ in my local parts adds... that is the price I sold my 1.5 year used gtx 1070 around 8 weeks ago (and I was beating my self "could I have got more or sold little later"). Tempting to grab gtx 1080 ti for the same money for gaming right now... but I think here is more movement down - I mean miners only get 1/5? or less? what they got 8 weeks ago and difficulty is still rising because no farms are pulling the plug, because they invested so much - only thing they can do now is mine and hold the crypto and pray for overall crypto price rise - like you all miners do, but funny thing is - that holding that crypto probably made them like -30% losses for last 4 weeks alone. Imagine nvida will paper launch new generation soon (with raytrace and some other marketing BS) - then even for gamers used gtx 1080 ti for 300$? will be undesirable. Or imagine those ETH ASIC finally connect online and the huge ETH farms will have to switch away from ETH to whatever small miners are mining today to gets somewhat decent return (imagine difficulty spike).

 

[trog100]

my eth mining 10 x 1070 cards is now showing less than one dollar per day per card.. about .8/9 to be more exact...

basically for me it aint worth running the rigs for the tiny amount of power costs..

and to top it all off defender now thinks its a bloody virus and has deleted the claymore executable.. its just done this on both my mining machines.. they have been running for six months this has to be a defender update..

i am back to mining on nicehash but maybe not for that long.. as i say it aint really worth running the rigs for the tiny gain over power costs..

trog

 

[Papahyooie]

I shut down yesterday myself. Wear and tear on the cards isn't worth the 20 cents a day profit. It'll be back up eventually... just waiting to flip the switch back on.

 

[cdawall]

my eth mining 10 x 1070 cards is now showing less than one dollar per day per card.. about .8/9 to be more exact...

basically for me it aint worth running the rigs for the tiny amount of power costs..

and to top it all off defender now thinks its a bloody virus and has deleted the claymore executable.. its just done this on both my mining machines.. they have been running for six months this has to be a defender update..

i am back to mining on nicehash but maybe not for that long.. as i say it aint really worth running the rigs for the tiny gain over power costs..

trog

That is purely because like we told you at the beginning your power cost was too high. I am still making 50% profit to power.

 

[LFaWolf]

That is purely because like we told you at the beginning your power cost was too high. I am still making 50% profit to power.

Who is your electric company and how much do you pay per kWh? I know most US companies are tier based - once you go over a tier you pay a higher tier rate. All your mining rigs must have pushed you to the higher tier rate, right?

 

[trog100]

That is purely because like we told you at the beginning your power cost was too high. I am still making 50% profit to power.

we dont choose the price we pay for power.. you might be lucky and live in a place with cheap power i dont.. we have to cope with what we have..

but for me and i recon many others.. gpu mining is near dead.. plus 50% profit over power costs (more so if the power is cheap) aint exactly exciting for small miners.. it aint a real 50% ether if you count in hardware costs.. in fact in by books its still a net loss..


trog

ps... anybody have any ideas as regards windows 10 defenders sudden dislike of my claymore eth miner... chrome blocks it and wont download it.. i did manage another browser download but as soon as i unzip it.. win 10 defender pounces..

 

[verycharbroiled]

just put all miners in a folder (say "c:\miners") and add to your av exclusion list. make sure it includes subfolders (may be a check box or something).

zero problems since then.

 

[trog100]

my syste

just put all miners in a folder (say "c:\miners") and add to your av exclusion list. make sure it includes subfolders (may be a check box or something).

zero problems since then.

my systems have been working fine for the last six months.. until today... something has happened and i think its to do with windows defender..

defender suddenly came up with a threat warning and zapped the claymore executable.. the same one i have been running for months.. this was on my desktop machine.. a couple of hours later i checked my dedicated mining rig.. low and behold defender had zapped the claymore executable on that one as well...

i havnt figured out quite what is going on yet.. also as soon as i unzip a newly downloaded zip defender zapps that as well... i tried to switch the f-cking thing off but could not figure out how to do that ether.. ??

trog

 

[dorsetknob]

i havnt figured out quite what is going on yet.. also as soon as i unzip a newly downloaded zip defender zapps that as well.

Windows Defender "Now Defending the virtue of GPU's from working miners
No Seriously
you need to exclude the Directorys used by your Miner in defender Settings ( and if you create a new directory for a new downloaded to be extracted to you need to exclude that before download and extraction)

 

[trog100]

Windows Defender "Now Defending the virtue of GPU's from working miners
No Seriously
you need to exclude the Directorys used by your Miner in defender Settings ( and if you create a new directory for a new downloaded to be extracted to you need to exclude that before download and extraction)

i have never fiddled with defender settings before..never had to.. but i will try and exclude a folder and test the claymore unzip in it.. it only goes for it when its unzipped.. it dosnt mind a zipped version.. he he

trog