Each card at stock should gen around $230/mo after electricity (only .08/kwh where I am), based on Nicehash's card calc for 1080ti's. I'd need to be at home to see a calc of my benched cards specifically (or of the whole rig), but they should be roughly in line/slightly over. That'd give a total of $1150, not counting my gaming rig. With my slight OC, that might go up to $1200/1250/mo after electricity.
Power calcs only look to be predicting a bill of about $87/mo for 1500w which is about what I'm looking at with this rig, maybe a little more with the gaming rig's 1080. That's vastly surpassed by the incoming funds.
Read this post?
https://forums.prohashing.com/viewt...18b83f5fc0de233b21b996408eceee&start=10#p6251
That guy is saying Eth will run into the same problems. Not sure what to believe lol.
I've been actively swapping every BTC I get from Nicehash for either cash, or Eth (depending on timeframe). I'm banking on (educated) predictions that Eth is going to overtake BTC for functionality, usability, and price.That's a typical Bitcoin defence post that ignores some of the finer points in the article. It's a well written one though.
I agree Ethereum would run into the same issues if they don't do anything about scaling. Problem is, they have real concrete people with plans to address scaling (Sharding, Lightening Network, and then ultimately Proof of Stake) and have been working on addressing these issues for a long time. Will this solve the scaling issues if Ether replaces BTC in market volume and total market cap? Hard to say but given the history and the leadership within Ethereum I think they have some of the brightest developers doing their best to tackle this problem. If anyone has a chance of solving this it's problem them.
So while BTC becomes less useful or less utilitarian by the day for anything other than say perhaps ACH or long term storage (like digital gold), Ethereum continues to expand the platform to be used for well, almost anything. Speaking of clearing houses, do you think Banks will really adopt BTC where Ether has effectively gained considerable traction with the finance industry already?
I don't know but probably not.
Is it too late for Bitcoin?
Not as a simple storage or an alternative to precious metals but will this be enough to keep it relevant? With companies like Digix backing Ethereum over Bitcoin it may even make BTC irrelevant in the niche space it has left for itself.
The technical reasons for BTC needing to be around are becoming less by the day. Politically I worry if, or more likely when it fails it'll set a negative tone for all of crypto bringing down the value of the superior platforms with it.
Not surprisingly many people in this are only in it for the money so I could see a general panic and mass exodus for anything crypto related until things recover, which they will, as fundamentally there doesn't really exist any other technologies like Blockchains, especially one's as capable as Ethereum.
Time will tell as it always does but I think we're due for a real crash soon. As always I'll be holding Ether through these rough times like I did after the DAO and subsequent attacks as I still believe in the fundamentals and leadership (and likely will be buying more if I can afford to). Over the past few days I've traded 50% of my remaining BTC for Ether so my current position is closer to 90% Eth, 10% BTC which feels a little scary but given the current landscape seems like the right place to be in.
Curious what others plan on doing if the price crashes.
Will you sell or will you Hodl?
If ETH goes Proof of stake , does that mean No more mine for me ? what happen to Miners if that ETH becomes POS?
I've been actively swapping every BTC I get from Nicehash for either cash, or Eth (depending on timeframe). I'm banking on (educated) predictions that Eth is going to overtake BTC for functionality, usability, and price.
It feels weird holding (or even buying) eth with debt, specifically from the BTC rig purchase. But hell, it's all just money, right? I'll probably extract as time goes on to payoff the investment.Probably a smart move. I'm pretty tempted to sell off some crypto for Fiat but as long as I have a stable job and can pay the bills and feed the family I'll be holding.
Probably a smart move. I'm pretty tempted to sell off some crypto for Fiat but as long as I have a stable job and can pay the bills and feed the family I'll be holding.
I'm not so sure ETH will crash. When BTC took a dive of 33% and took a lot of coins with it, ETH was one of the first to recover. I do believe ETH can/will correct to what it's "really worth" if it keeps pumping too fast, too soon, but at the same time, it's telling that each selloff sets a higher value floor for the coin.
Personally I planned for long-term investing with a target of $30-$40 ETH token price AFTER PoS saw implementation. It was never supposed to go this high before PoS even showed up. So hey no real skin off my nose if things get a little ropey.
A few other points I'd like to make that are probably relevant to the current discussion:
Proof of Stake will apparently only be used 1% (actually .099%) of the time:
http://www.coindesk.com/ethereums-big-switch-the-new-roadmap-to-proof-of-stake/
So mining will continue for awhile yet.
I also want people to consider the ramifications of an actual attempt by BTC holders to dump crypto for fiat.
Even the major exchanges like Kraken are beginning to experience liquidity problems. People looking to cash out inflated ETH (for example) for fiat may run into trouble. GDAX is apparently still reliable, but a few people are starting to experience trouble at Kraken and (to a lesser extent) Coinbase.
Combine this fact with the high transaction fees of BTC, the currently high failure rate of BTC transactions, and the long transaction resolution times currently plaguing the BTC blockchain, and you have a recipe for . . . actually, stagnation.
In order for BTC prices to actually drop due to a run on fiat, someone is going to have to agree to sell BTC for fiat at prices below the prevailing price. This behavior will have to continue for awhile, covering a large number of transactions, to meaningfully reduce the price of BTC. If you go to an exchange that has large quantities of BTC available for purchase (either in the exchange's own pool, or by linking sellers up with buyers who are willing to hold their BTC "on the exchange" rather than a private wallet), there's no problem. But selling? If the exchanges are experiencing low liquidity in fiat and there aren't a lot of buyers lined up to get your "discount" BTC, then how can you even complete a sale without agreeing to a massive price reduction at the time of sale?
As things stand, it would be much easier for BTC HODLers to convert their BTC to some other crypto than to try for fiat.
A big running of the bears for BTC might scare some of the new kids out of the market, but it's also going to drive a lot of market cap into other crypto coins. The only bear run on BTC that can hurt the other coins is if there's a push to cash out for fiat, which is technically becoming too difficult outside of one-off, brokered transcations.
I imagine with the cost jump, the difficulty has jumped as well. I guess a 280x is not able to perform anymore.
Yesterday, I visited the local Microcenter where they had 10+ Viosiontek RX 570 and 10+ ASUS RX 580 in stock. There were priced $219 and $299 (RX 580) each, but Microcenter charged $349 each if you bought 2, $499 each if you bought 3+. People were still fighting over them, and their whole stock was cleared the moment the sales rep said they just received that shipment in the backroom. It was so surreal because it seemed like a mini black friday Microcenter edition.
I am kinda glad I didnt bite at that price. Because I checked their inventory at midnight to see if anything else was going to be on sale as they roll new ads every weekend. They had all their 1070 cards on sales with the Zotac 1070 AMP extreme going for $199. I was only able to pick four of them. There were other 1070s on sale for $299-329 with 10+ in stock. By the time I was trying to make up my mind about getting them too, they were cleared from the inventory (00:30am).
ETH is going to explode? jump from $260 to $316
oh... and microcenter is no longer offering service plans for gpu alone. They're only covering the gpu under the more expensive aggregate plan (system build)