Bitcoin

[StockEngine]

there are other cryptocurrrencies too...

Sent from my SM-G935F using Tsikot Forums mobile app

[Walter]

there are other cryptocurrrencies too...

Like Calata's calcoin? ... Calata plans to convert shares to cryptocurrency amid delisting ...

[uls]

and because of bitcoin's decentralized nature people who do not agree with how things are going can break away (hardfork) and create their own version of bitcoin (bitcoin cash, bitcoin gold)

there will be more hardforks

[uls]

i think those forks aren't good for bitcoin

they're saturating the market with different versions of bitcoin

which defeats the claim that there are limited number of bitcoins (21 million)

since anyone can fork and create their own version of bitcoin

- - - - - - - - - - - - - - - - - - - - - -

aside from the ever growing number of altcoins

[uls]

Like Calata's calcoin? ... Calata plans to convert shares to cryptocurrency amid delisting ...

coins/tokens are the new way to raise capital

or scam people

anyone can invent their own "coin" and have an ICO (initial coin offering)

since "coins" are so hot these days there's no shortage of investors

[uls]

OB let's join the coin craze

gawa tayo ng coin

let's call it TaeCoin

[Verbl Kint]

Here's my first open-air cryptomining build. Highlights include:

• Custom DIY rack built from a 4-tier metal shelf (bought from True Value)
• 7 AMD GPU's (6 AMD RX 6800's and 1 RX 5700)
• 1800w gold-rated PSU (actual power draw is about 1200w at most but averaging at 1KW)
• Capable of 450 million hashes per second but currently clocked down to a hashrate of 435 MH/s for stability
• Pentium G4560, 16 GB DDR4 RAM, 120 GB SSD
• Old android tablet used for telemetry readouts (can't keep the screen on for a long period since it's an AMOLED)
• Estimated net profit is about 0.0256 btc per month
• Total cost is ₱361k, ROI estimated at 6 months (at current btc rates of 1 btc to $48k usd and with Meralco * ₱8.75 per KWh)

[Walter]

Curious as to why you needed a large monitor ... Isn't it possible to access the miner remotely from another computer? ... What OS and software are you using? ...

[carxynogen]

Curious as to why you needed a large monitor ... Isn't it possible to access the miner remotely from another computer? ... What OS and software are you using? ...

Just my guess.
Mura nalang ngayon mga monitors at hindi ganoon ka layo pricing ng small size monitors vs larger size monitor. So yung large size nalang bilhin.

[Verbl Kint]

Curious as to why you needed a large monitor ... Isn't it possible to access the miner remotely from another computer? ... What OS and software are you using? ...

This was actually my spare monitor. The other ones I had were either curved or the ultrawide variety, hence, not really ideal for this use case. I monitor the system remotely using an old Samsung tablet.

It's currently on Windows 10 (20H2) running PhoenixMiner. I would have preferred linux but the RX 6800s that I have are still unsupported as of today. And since this is Windows, I can't run it as a fully headless system yet because you would need to babysit every once in a while for crashes, reboots, and such.

[ray_noel]

Here's my first open-air cryptomining build. Highlights include:

• Custom DIY rack built from a 4-tier metal shelf (bought from True Value)
• 7 AMD GPU's (6 AMD RX 6800's and 1 RX 5700)
• 1800w gold-rated PSU (actual power draw is about 1200w at most but averaging at 1KW)
• Capable of 450 million hashes per second but currently clocked down to a hashrate of 435 MH/s for stability
• Pentium G4560, 16 GB DDR4 RAM, 120 GB SSD
• Old android tablet used for telemetry readouts (can't keep the screen on for a long period since it's an AMOLED)
• Estimated net profit is about 0.0256 btc per month
• Total cost is ₱361k, ROI estimated at 6 months (at current btc rates of 1 btc to $48k usd and with Meralco * ₱8.75 per KWh)

Bruh, mas maganda siguro if may solar grid set up ka noh since kasama sa babayarin ang elec... nice set-up...


Sent from my iPhone using Tapatalk

[Walter]

Do you have an electric meter installed on power outlet to monitor consumption? ...

[Verbl Kint]

Do you have an electric meter installed on power outlet to monitor consumption? ...

My wattmeter got fried last year so I will have to rely on Meralco at the moment.

Nice setup. Just curious, magkano inaabot meralco bill mo in a month?

This rig has been mining for about a couple of weeks so my next bill should provide us with this info.

Bruh, mas maganda siguro if may solar grid set up ka noh since kasama sa babayarin ang elec... nice set-up...

Yup, the plan is to get a 3.1KHz on-grid solar setup and install net-metering to sell back electricity. However, we need to break-even first.


Bitcoin is now rising at $54,500. This rig has already been able to get me 0.01 btc in just under 10 days of mining nearly non-stop 24/7. if this profitability continues, ROI will be 1.5 months ahead of schedule.

[Walter]

Well, Bitcoin is projected to go to 70T this year at the minimum ...

[Verbl Kint]

Well, Bitcoin is projected to go to 70T this year at the minimum ...

Btc flirted with $60k several days ago and is now hovering at about $55 to $56k. $70k might be a bit conservative considering that March is usually a slow month for bitcoin, but here we are already breaking all time highs.

[uls]

[uls]

[madball]

Is btc an effective inflation hedge yet?

[StockEngine]

looks like we made it....

[uls]

masyado naka tutok sa politika

alam niyo ba magkano bitcoin ngayon?

as in now

hehe