Cryptocoin Mining?

[Silverforce11]

Is this sarcasm? Or is it really like this in your country? I have never ever heard anyone make a claim that solar and wind energies are bad for the environment, so I assume this is some kind of joke?

But ideally, for your rigs at home, you could use a solar array on your roof to power your mining rigs, and literally pull free BTC right out of thin air (well, pulling them from the sunlight).

"Clean" energy sounds good, especially if its "energy from the sunlight or wind!!"... sounds great to people who have no idea. Big dig a bit further and it turns out completely opposite. The energy input to make solar cells is so great (refining all those rare-earth minerals) that in most countries, a typical rooftop panel never make enough energy to repay its original input cost over its short 20 years lifespan.

Wind is more viable in that sense, but its intermittent nature (same for solar) means it absolutely has to be backed up with rapid generators that cover the slack when the wind doesn't blow, or else there's massive blackouts and damage to the grid. Guess what that backup is? Gas generators, rapid on off of power on demand. So for each unit of wind power you install, you need an equal unit of backup gas generation. Wind power, expensive and inefficient use of land, not to mention damaging to wildlife and people nearby.

Hybrid cars are the worse. The battery pack is full of refined rare-earth (lithium is quite rare and its harvest is highly toxic to the environment) that needs to be replaced every ~8 years. Over its lifetime, it doesn't even justify the energy input and toxicity to the environment than the petrol it saves your car from using. But here, government gives a $8,000 tax rebate for a new hybrid car purchase! At the expense of other tax payers and businesses. Damn scam.

These poor policies are why I'm having to pay 29 cents a kWh. The price went up 50% over a few years.

 

[taltamir]

Paying the mark-up on a hybrid car is also going to cost you more than you'll save in fuel efficiency over the life of the car. I don't see anyone claiming that alternative, renewable energies are *cheaper* to generate. Nor do I see anyone claiming that there are no negative environmental effects to the production of consumer electricity with any of these technologies.

1. I never mentioned cars
2. You don't produce electricity with car batteries.
3. I just said it, he just said it, and if you google it you will find many more.

here, i did some search
http://www.smithsonianmag.com/smart-news/how-many-birds-do-wind-turbines-really-kill-180948154/

of course you have counter arguments saying its poppy
http://science.howstuffworks.com/environmental/green-science/wind-turbine-kill-birds.htm
although note that:
1. they choose to use the lowest estimate
2. they don't account for deployment (cats are all over the USA, turbines are only in specific locations; and the more turbines you build, the more die).

You want clean energy (but not renewable, although very long lasting) you go nuclear. You permanently destroy pollution (radioactives) that was dug up from the ground (more can only be formed in supernova or particle colliders). It is ludicrously absurd to hear people decry nuclear "pollution" when the plants are permanently destroying it and it is all over the place naturally

You want clean solar energy? plants! then harvest them for oil (some are actually using clear cellulose based plastic tubing filled with water, CO2 from coal plants, and algea. The algea converts the sunlight and the CO2 into sugar... and then oil...)

 

[taltamir]

Hybrid cars are the worse. The battery pack is full of refined rare-earth (lithium is quite rare and its harvest is highly toxic to the environment) that needs to be replaced every ~8 years. Over its lifetime, it doesn't even justify the energy input and toxicity to the environment than the petrol it saves your car from using. But here, government gives a $8,000 tax rebate for a new hybrid car purchase! At the expense of other tax payers and businesses. Damn scam.

It is crony robber barons. Politicians and their friends robbing the masses to line their own pockets, and sugar coating it with whatever they think will sell "for the environment" "for the children" "for the poor" etc.

 

[Attic]

It is crony robber barons. Politicians and their friends robbing the masses to line their own pockets, and sugar coating it with whatever they think will sell "for the environment" "for the children" "for the poor" etc.

Yep. It's sick, but the depth of the corruption helps conceal it from a lot of people who would never think things could be so corrupt.

 

[JDG1980]

When did this thread become Fox News?

 

[geokilla]

And just like that Ten-Five coin has lost 70% of its value... Two huge buy walls.

Paying the mark-up on a hybrid car is also going to cost you more than you'll save in fuel efficiency over the life of the car. I don't see anyone claiming that alternative, renewable energies are *cheaper* to generate. Nor do I see anyone claiming that there are no negative environmental effects to the production of consumer electricity with any of these technologies.

Honestly, you're buying the wrong hybrid cars at the wrong time then. Today is the "last day" when you can get a Hyundai Sonata Hybrid for cheaper than a pure gasoline equivalent equipped Hyundai Sonata.

Hybrid cars are the worse. The battery pack is full of refined rare-earth (lithium is quite rare and its harvest is highly toxic to the environment) that needs to be replaced every ~8 years. Over its lifetime, it doesn't even justify the energy input and toxicity to the environment than the petrol it saves your car from using. But here, government gives a $8,000 tax rebate for a new hybrid car purchase! At the expense of other tax payers and businesses. Damn scam.

BS. No one replaces batteries in hybrid cars because they're not worth it, and they usually last as long as the car's life. I've read of people who are still using the original batteries in their first gen Toyota Prius. If 1st gen hybrids can do that, then I'm confident current 2nd/3rd gen hybrids will last even longer. Plus gasoline prices will only continue to increase. Gasoline is $1.3/L for 87 octane and $1.5/L for 94 octane. The increased cost for a hybrid (which is virtually non-existent) is more than easily offset by the overall fuel costs after a couple years. Of course, it depends on how much you drive and what your driving habit and style is like. For us where it's mainly city (30+ minutes to travel 10km), our next vehicle being hybrid or have start/stop technology is a no brainer.

 

[x3sphere]

Well, BTC is down to ~$550, probably because Vircurex just took a dump. (Why do people persist in using these shady foreign exchanges instead of Coinbase?) Who knows how long this will last. I was fortunate enough to sell ~0.25 BTC from mining back when it spiked to ~$675 a couple weeks back. Now I've got another ~0.10 BTC and I'm going to hang on to it for now. Not worth cashing out for what will probably be less than $50 after fees. Still, my extra 7870 has more than paid for itself now, and my primary 7870 (which I bought mostly for madVR and PS2/GCN emulation) has also gone a long way towards covering its own keep, so I feel pretty good about it, despite recent drawbacks.

I've switched my mining from Scrypt multipools to Vertcoin starting last night. This coin was specifically designed to be ASIC-resistant, so I expect to see a spike in interest once ASICs drown out Radeons from the Scrypt scene. It's already about doubled its price in BTC over the past couple of days. At the moment I'd be slightly better off sticking with the multipool, but this is basically a calculated bet for the near future, and as electrical bills are included in my rent, I'm not really risking anything except some minor opportunity costs.

Not sure why the drop would be due to Vircurex, they are very small player these days. Their BTC/USD pair only does like 9 BTC volume a day, which is nothing for an exchange.

I lost some money at Vircurex though as I did trade some alts there, just yesterday in fact. Sucks. I managed to get out early by buying DOGE at 145 satoshis (up to 185-190 there now), took a 20% hit on the holdings I had there but oh well, better than having all the money in limbo.

 

[taserbro]

Not sure why the drop would be due to Vircurex, they are very small player these days. Their BTC/USD pair only does like 9 BTC volume a day, which is nothing for an exchange.

I lost some money at Vircurex though as I did trade some alts there, just yesterday in fact. Sucks. I managed to get out early by buying DOGE at 145 satoshis (up to 185-190 there now), took a 20% hit on the holdings I had there but oh well, better than having all the money in limbo.

I think it's dropping more from the potential prospect that a cartload of the (stolen?) goxcoins that the internet detectives have been tracking might currently be liquidated on bitstamp and no one can stop it or really explain it thanks to the gag order from the bankruptcy.

In fact, the recent tsunami of good news on all fronts has been all but squashed by the shadow of gox performing its last middle finger to the btc community. I'm thinking of buying in again but honestly the last two times I did, everyone found a new excuse to go into doom and gloom mode...

 

[Silverforce11]

BS. No one replaces batteries in hybrid cars because they're not worth it, and they usually last as long as the car's life.

No it does not. Dealers here include a new battery exchange 5 years later, they give you a new one and take the old to be "recycled". Its included in the extended warranty pricing.

It's not magic, lithium batteries lose their capacity as they age.

A car's life is decades. Cars are not disposal hi-tech toys like phones and gadgets. As for your pricing, the fact that hybrids are as cheap or cheaper is due to tax benefits... everyone else is subsidizing rubbish.

But enough, back to mining and day trading talk! At my rate of 29 cents a kWh its no longer profitable to mine. With the current situation its better to just folk out some $$ and invest to buy some coins with potential rather than wasting time/energy to mine it.

 

[Erenhardt]

Maybe a stupid question, However is it to late to join the mining adventures? Or am I too late to the show?

I asked the same question after litecoin rush. ^^ Glad I joined party.

If not the hard drive failure, I would have quite a sum in my pocket.
At least the hardware paid for itself ^^

 

[SithSolo1]

Well, procrastination finally got the best of me. My .48BTC is now locked at Vircurex. Ah well, no huge loss.

 

[geokilla]

No it does not. Dealers here include a new battery exchange 5 years later, they give you a new one and take the old to be "recycled". Its included in the extended warranty pricing.

It's not magic, lithium batteries lose their capacity as they age.

A car's life is decades. Cars are not disposal hi-tech toys like phones and gadgets. As for your pricing, the fact that hybrids are as cheap or cheaper is due to tax benefits... everyone else is subsidizing rubbish.

There's no tax benefits or subsidies for hybrid vehicles in Canada. It's simply because of a manufacturer promotion going on right now. There aren't many, if any, battery exchanges either despite it being warranted by the manufacturer.

 

[IEC]

There's no tax benefits or subsidies for hybrid vehicles in Canada. It's simply because of a manufacturer promotion going on right now. There aren't many, if any, battery exchanges either despite it being warranted by the manufacturer.

The Toyota Canada website says it's due to provincial rebates.

"Please consult the chart and check with your local Toyota Dealer or provincial government office for more details."

http://www.toyota.ca/cgi-bin/WebObjects/WWW.woa/wa/vp?vp=Home.Promotions.Incentives&language=english

Even if you're not getting paid directly by the provincial government, your tax dollars are footing the rebates.

 

[chimaxi83]

That Blackcoin bubble though....

 

[ultimatebob]

Well, procrastination finally got the best of me. My .48BTC is now locked at Vircurex. Ah well, no huge loss.

$300 of Bitcoin is no big loss?

 

[IEC]

That Blackcoin bubble though....

Made me money, I don't care.

It is predictable. Sell the new idea of a reverse mining pool shortly after buying lots of BC. People think "oh that's an amazing idea" and jump in on mining in exchange for BC.

Future prediction:
Dump the BC and pop the bubble. All those people who were mining are now left holding the bag.

 

[Binky]

Anybody following the man-in-the-middle exploit that is hitting the multipools? The wafflepool and clevermining threads on bitcointalk are mostly talking about this for the last 48 hours.

Long story short: your miner may be mining for somebody else.

 

[SithSolo1]

$300 of Bitcoin is no big loss?

Would it be nice to have? Sure but I bought my card for gaming and mined doge for a week. I didn't lose anything in the process.

 

[IEC]

Anybody following the man-in-the-middle exploit that is hitting the multipools? The wafflepool and clevermining threads on bitcointalk are mostly talking about this for the last 48 hours.

Long story short: your miner may be mining for somebody else.

Yeah, if they don't figure out what's happening fast and fix it, may temporarily kill off the multipools.

Which may actually be a good thing for prices.

 

[thilanliyan]

Yeah, if they don't figure out what's happening fast and fix it, may temporarily kill off the multipools.

Which may actually be a good thing for prices.

I noticed something weird while connected to middlecoin actually. It was connected to some 209.XXX.XXX address where usually it would say middlecoin.com. I'm no longer using middlecoin.

 

[geokilla]

The Toyota Canada website says it's due to provincial rebates.

"Please consult the chart and check with your local Toyota Dealer or provincial government office for more details."

http://www.toyota.ca/cgi-bin/WebObjects/WWW.woa/wa/vp?vp=Home.Promotions.Incentives&language=english

Even if you're not getting paid directly by the provincial government, your tax dollars are footing the rebates.

Program Details: Rebate of $5,000 to $8,500 towards the purchase or lease of a new plug-in hybrid electric or battery electric vehicle. (New vehicles only)

They are different from hybrid. There are no subsidies for hybrids. Hybrids being same price as their gasoline brothers are solely due to manufacturer incentives. Just have to wait and buy at the right time.

 

[njdevilsfan87]

BC hit 9300 satoshi last night, flash crashed back down to 5800, and is now back trading at ~7500. BC has already gone through smaller bubbles twice, and it never went back to the "return to mean" point (like MINT and AUR did), but instead just went up into a new and bigger bubble. It's not typical pump and dump anymore imo - if you zoom out to the MAX graph on Mintpal, it actually looks like BTC's long term price trend. It's one of the very few altcoins that has blown up into larger bubbles each time has pulled back off a peak (March 11th, March 15th, and March 23rd).

I have no idea where BC could end up, but it's a fun experiment to be a part of.

Early investors got in at less than 1000 satoshi, and I'd have to imagine by now a good portion of that profit has been taken and hands have been exchanged. I'd actually like to see some whale flash crash it back down to 2000-3000 so I can see if this experiment guarantees long term price recovery (and so I can buy more!)

MINT's graph on the other hand looks like LTC's from back in May 2013 followed up by a dead period of interest. If the MINT community can generate some interest in that coin, it could blow up again. But if they don't, then it'll die a slow death. I fully expect them to copy BC.

 

[Virge_]

Don't really know the details on Waffle and Clever's issues with hijacked workers, but ScryptGuild uses legit authentication so this hasn't been a problem for me.. quite pleased I stuck with them!

 

[pm]

Please keep the conversation on-topic - which is Cryptocurrencies, and not the relative merits of solar and hybrid cars.

 

[Mark R]

I noticed something weird while connected to middlecoin actually. It was connected to some 209.XXX.XXX address where usually it would say middlecoin.com. I'm no longer using middlecoin.

My guess is that it's some sort of DNS hijack attack.

Some people have posted wireshark/log dumps, which show that:
1. CGminer disconnects because it loses the TCP connection to the pool
2. It reconnects to a different IP, and gets a redirect message from a fake pool
3. The redirect message causes cgminer to reconfigure itself to a different pool address

DNS poisoning can work, but tends only to work for a short period of time, before the DNS server reacquires the correct address. However, because the fake pool masquerading as clevermining/etc. sends a reconfigure request, cgminer will stay on the fake pool until rebooted.

Obviously, this is only speculation. But I'd suggest obtaining an IP address to your preferred pool from a trusted source, and configuring CGminer for the IP address instead.