Leafy

iTrader: (1)

Can you not keep your wallet on a normal USB stick or your hard drive anymore. Thats the thing that makes this all kind of confusing I guess right now it seems like its similar to investing in stock but with a couple extra websites. Wallet is like your bank account, but then you need another site to transfer to an exchange, buy the stuff, transfer it back to the transfer site and then back to your wallet. Not like investing where you put cash money into the investment website and then buy and sell your **** from that one site and keep your balance there. If like a wallet site could directly integrate the other two things it would probably decimate the other types of sites. Unless theres a site like this that I havent found.

Ryan_G

iTrader: (8)

Coinbase allows you to transfer money into a wallet and buy/sell/store a few different types of crypto. The issue right now is it only offers 4 coins (ethereum, litecoin, Bitcoin cash, and Bitcoin).

vitamin j

iTrader: (5)

You totally can just let your balance ride on the exchange like it was your investment website. The issue is that digital currency is not insured by the FED which means if the exchange gets "hacked" you are **** out of luck. The private key is basically the combination to your safe, and on an exchange you give your private key to them in order to spend your money. Since there is no government insurance or much regulation at all, you are just trusting them with all your money. There are some exchanges that are backed by private insurance, like Cobinhood, and that model will probably win out.

The thing about digital currency is that you are your own bank. You are responsible for your own ****. No big brother watching over you. There are so many stories of people losing their private keys and their fortune of bitcoin. On the other hand, if you keep hold of all your own crypto, and only send crypto directly to other people, it is basically impossible to tax

samnavy

iTrader: (7)

Get rich in the stock market playing sub-penny bitcoin plays without ever actually owning any currency (taxes be damned). I'm up $1k in RMRK and am gonna cash out sometime this week depending on what I see happen Monday. I also have a bridge for sale if interested, PM.

BGordon

This matches my gut feeling, which is why I have stayed completely away from bitcoin and similar stuff.
It feels like a pyramid scheme.
There is a decent article on it here.
https://finance.yahoo.com/news/bigge...145634830.html

On a tangent, Sixshooter; where is the picture you use from? I wanna see her with the safety harness removed.

sixshooter

iTrader: (12)

There's plenty of melons on the interwebz. You don't need my help.

BGordon

Agreed, ***** are probably the most common sight on the internet.

I know that but I want to get a better look at her in particular.
Finding that one pair without assistance would be like finding a specific grain of sand on a beach.
Just about the same odds as winning the lottery.

Girz0r

iTrader: (1)

For what it's worth...

NiceHash is back.

https://www.nicehash.com/cpu-gpu-mining

UrbanSoot

iTrader: (24)

I've been mining at home using NiceHash for the past couple of days. Getting about $7-8/day on a slightly overclocked 1080ti. In other news - my 5x 1060 ETH mining rig just died :(

2slow

That's after electricity costs in CA? Or do you also use it as a heater in the bedroom at night? Unless you have solar of course...

UrbanSoot

iTrader: (24)

Not sure what it cost. It's still profitable. My big miner is at the office where we don't pay for electricity.

Leafy

iTrader: (1)

Figure a modern 1 card system pulls ~300 watts while mining. So in 24 hours thats 7.2 KWh on your electric bill. That would cost me about $1.30/day in my house or $1.80/day in my garage.

whitrzac

iTrader: (1)

In WI I pay ~$0.12Kwh.

My 28 rx 570/580 cards make about $100 a day right now and cost ~$200 a month in electricity. Each 7 card rig is drawing ~1100w.
Right now I make more on crypto than I actually do showing up for work...

2slow

Yea, I'm paying $0.40kWh.... No mining for me.

Love watching news and tickers though:

Ripple co-founder loses $44 billion on paper

Why on paper? Because he is rich only in his own monopoly game and he doesn't actually have 44 billion

GeneSplicer

iTrader: (14)

I just jumped into the pool - literally in mining talk. Bought a Vega 64 to run my 3 1440 monitors for iracing - but since my sim isn't there yet, decided to wade into the crypto waters.... man... it's deep! So now I'm at 2050 h/s for XMR using cast_xmr miner... and my piwer is cheap... like .08kwh cheap. Now if only Monero gains in value

2slow

My GeForce 1070 is largely idling since I've stopped gaming... thinking about selling it for 2x I paid for it

DeerHunter

The whole video card scene is really annoying now. I was recently looking to upgrade my video card (Radeon HD7850) since it's marginal for current games. I just about had a heart attack when I saw current prices - not that anybody has any stock in any case.

UrbanSoot

iTrader: (24)

Leafy

iTrader: (1)

Not a bad idea. You get a 970 on eBay from a miner for like 150. That'll play pretty much anything anyways.

2slow

I hope AMD uses this situation to gain market share. They can easily add a few lines of code into firmware to throttle the cards if used by miners with downgrade firmware lock. This way new cards would become largely useless to miners and they would have to use other types of processors.