Bitcoin mining is starting to get out of hand
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Bitcoin Mining Now Consuming More Electricity Than 159 Countries Including Ireland & Most Countries In Africa[^] I don't know how correct these numbers are, but even if it's just at one tenth of it, it's getting ridiculous.
Wrong is evil and must be defeated. - Jeff Ello
I thought the whole deal with bitcoin was to get the money out of your hands ;P .. .. .. :~ X|
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Bitcoin Mining Now Consuming More Electricity Than 159 Countries Including Ireland & Most Countries In Africa[^] I don't know how correct these numbers are, but even if it's just at one tenth of it, it's getting ridiculous.
Wrong is evil and must be defeated. - Jeff Ello
If you want to make money with bitcoin now, you're better of trading it. Although, I'd be watch the market like a hawk if so to ensure the rally isn't over with. Profit-wise you buy low and sell high, not buy high after the spikes.
Jeremy Falcon
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Bitcoin Mining Now Consuming More Electricity Than 159 Countries Including Ireland & Most Countries In Africa[^] I don't know how correct these numbers are, but even if it's just at one tenth of it, it's getting ridiculous.
Wrong is evil and must be defeated. - Jeff Ello
I took a good look at mining; either bitcoin or etherium, litecoin, dash etc., etc. Given the cost of electric where I live (around 18c per KWh) and the cost of the kit to do the mining, it wasn't worth it at the scale I could afford to do it. One of the issues is that if you build your own rig, the cost of video cards has gone through the roof. If you buy kit, the noise and heat it produces means you would have to devote a room to it and ensure that it is properly vented. All costs money. Even running 24/7 I would not have made enough in a year to make it worth while and that doesn't take into account when the networks change the level of difficulty. Here are some random crypto currency links from my list: Bitmain [^] Bitcoin mining profitability calculator[^] NiceHash - Largest Crypto-Mining Marketplace[^] Silent Ethereum Mining On EVGA GeForce GTX 1060 at 22 MH/s - Legit Reviews[^] I have a lot more info/links if anyone wants it.
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Bitcoin Mining Now Consuming More Electricity Than 159 Countries Including Ireland & Most Countries In Africa[^] I don't know how correct these numbers are, but even if it's just at one tenth of it, it's getting ridiculous.
Wrong is evil and must be defeated. - Jeff Ello
This is the money ball![^] :laugh: :laugh:
- S 50 cups of coffee and you know it's on! Code, follow, or get out of the way.
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I took a good look at mining; either bitcoin or etherium, litecoin, dash etc., etc. Given the cost of electric where I live (around 18c per KWh) and the cost of the kit to do the mining, it wasn't worth it at the scale I could afford to do it. One of the issues is that if you build your own rig, the cost of video cards has gone through the roof. If you buy kit, the noise and heat it produces means you would have to devote a room to it and ensure that it is properly vented. All costs money. Even running 24/7 I would not have made enough in a year to make it worth while and that doesn't take into account when the networks change the level of difficulty. Here are some random crypto currency links from my list: Bitmain [^] Bitcoin mining profitability calculator[^] NiceHash - Largest Crypto-Mining Marketplace[^] Silent Ethereum Mining On EVGA GeForce GTX 1060 at 22 MH/s - Legit Reviews[^] I have a lot more info/links if anyone wants it.
But, just think of the awesome machine you'd have for games after you gave up mining...
Jeremy Falcon
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Bitcoin Mining Now Consuming More Electricity Than 159 Countries Including Ireland & Most Countries In Africa[^] I don't know how correct these numbers are, but even if it's just at one tenth of it, it's getting ridiculous.
Wrong is evil and must be defeated. - Jeff Ello
No, it's not; we use equal energy to extract any kind of commodity, be it gold, oil or wood. If people are mining, that just means that energy is cheaper than the bitcoin - hence, profit. Even Jamie Dimon folded :)
Bastard Programmer from Hell :suss: If you can't read my code, try converting it here[^]
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But, just think of the awesome machine you'd have for games after you gave up mining...
Jeremy Falcon
:)
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I took a good look at mining; either bitcoin or etherium, litecoin, dash etc., etc. Given the cost of electric where I live (around 18c per KWh) and the cost of the kit to do the mining, it wasn't worth it at the scale I could afford to do it. One of the issues is that if you build your own rig, the cost of video cards has gone through the roof. If you buy kit, the noise and heat it produces means you would have to devote a room to it and ensure that it is properly vented. All costs money. Even running 24/7 I would not have made enough in a year to make it worth while and that doesn't take into account when the networks change the level of difficulty. Here are some random crypto currency links from my list: Bitmain [^] Bitcoin mining profitability calculator[^] NiceHash - Largest Crypto-Mining Marketplace[^] Silent Ethereum Mining On EVGA GeForce GTX 1060 at 22 MH/s - Legit Reviews[^] I have a lot more info/links if anyone wants it.
I am giving Ether mining a spin. Started like yesterday. Everyone advises against CPU mining, but I see it as a learning experience, and fun. My 12 3.2GHz cores are hungry for food. On all fora ppl say that the Go implementation is a piece of Elephant. But on github there is zero activity on the C++ implementation and a lot on the Go one... And if you have Ether mining experience I am happy to hear it.
... such stuff as dreams are made on
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I am giving Ether mining a spin. Started like yesterday. Everyone advises against CPU mining, but I see it as a learning experience, and fun. My 12 3.2GHz cores are hungry for food. On all fora ppl say that the Go implementation is a piece of Elephant. But on github there is zero activity on the C++ implementation and a lot on the Go one... And if you have Ether mining experience I am happy to hear it.
... such stuff as dreams are made on
I'd be interested to hear how it woks out for you. What is the cost of electric where you are mining?
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I'd be interested to hear how it woks out for you. What is the cost of electric where you are mining?
Electricity here in Sweden is at 0.043 EUR/kWh. My machine consumes approx 1kW. It does not work out at all so far, since the software insists on crashing twice a day. : p I need to research better tools. The mining output is zero, so the cost mathematically speaking is infinite per Ether. But I might post news on my progress, if any.
... such stuff as dreams are made on
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Bitcoin Mining Now Consuming More Electricity Than 159 Countries Including Ireland & Most Countries In Africa[^] I don't know how correct these numbers are, but even if it's just at one tenth of it, it's getting ridiculous.
Wrong is evil and must be defeated. - Jeff Ello
-
I am giving Ether mining a spin. Started like yesterday. Everyone advises against CPU mining, but I see it as a learning experience, and fun. My 12 3.2GHz cores are hungry for food. On all fora ppl say that the Go implementation is a piece of Elephant. But on github there is zero activity on the C++ implementation and a lot on the Go one... And if you have Ether mining experience I am happy to hear it.
... such stuff as dreams are made on
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Electricity here in Sweden is at 0.043 EUR/kWh. My machine consumes approx 1kW. It does not work out at all so far, since the software insists on crashing twice a day. : p I need to research better tools. The mining output is zero, so the cost mathematically speaking is infinite per Ether. But I might post news on my progress, if any.
... such stuff as dreams are made on
Cool - much cheaper than here. Have you tried NiceHash? That worked for me.
