genba's crypto mining thread
#1
crypto is boomin, the winter cold is loomin, so it's time to hash it out.

bought a sapphire nitro rx 570 8gb for mining and gaming purposes. it replaced an msi r9 280x. sort of a lateral upgrade, but the 3gb VRAM on the 280x's creates a bottleneck with ethereum's DAG size. the 8gb should in theory help with that.

out of the box hashrate on ethminer - 18 MH/s. very disappointing.

modded bios with polaris bios editor and flashed it over with winatiflash. hashrate on ethminer - 22 MH/s. disappointing. i should be able to get 28 MH/s out of this card. no idea why i cannot. it does seem like i have a mix of samsung and micron RAM chips on it, but it shouldn't have this big of a performance hit. i think. also i was always told to never mix RAM chips, that it's worse than mixing battery brands. -shrug-

changed algorithms to see hashrate, to neoscrypt based TrezarCoin. 770 KH/s. above what i should be able to get. ...what? whatever, i'll take it. i like hybrid PoW/PoS coins. [Proof of Work = brute force hashing, Proof of Stake = collecting interest on coins in your wallet.]

[570 is at 1200 GPU clock, 2000 mem clock, -33mv, PBE one click timing bios mod for samsung/micron hybrid]

had tried the AMD blockchain focused drivers, but then my system didn't seem to recognize the graphics card anymore and crashed hard when i tried to use it. likely a win 7 vs win 10 thing. really don't want to move to win 10. -_-

ethminer seems like crap. claymore is said to be good, but i've not tested it yet. currently using Gateless Gate Sharp. built in support for many common pools, custom pool options, clean GUI, 1% fee to dev [which i could probably edit out by recompiling his source code but meh.]

this 570 is using 120-130W and sits between 62-75°C at 23% fan. far more efficient than the power hungry 280x's.

one thing i've noticed with mining pools is that the minimum cash out amount is higher than what i was previously accustomed to. i'll need to mine up 500 TZC to cash em out. ETH is like 0.05. a single GPU is even more lacking for pool mining these days than it was years ago. i need to retrieve my mining shell PC i lent to my grandparents. two 280x's on top of the 570 will heat my place til spring.

https://www.cryptopia.co.nz/ - seems to be a good coin v coin trade platform. have yet to look into any sort of regs or laws in NZ. haven't signed up so idk what they require yet, but it's on my list to investigate.

i'll post here time to time with what i'm doin. i can provide limited support for this type of thing if anyone is interested. we were gonna do a crypto club in the tinychat room, but hardly anyone seemed really interested and i haven't been there much cus i'm not feelin social.
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#2
*begins reading thread whilst masturbating furiously*
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#3
*fap fap fap fap*

OoooOooOoooOoOooo Gennnbaaa...

*fap fap fap fap*

You sound SooOoooOoOooo smarrrtttt...

*fap fap fap fap*
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#4
some general thoughts

my previous concerns about bitcoin have manifested. transaction confirmation time, transaction fees, and blockchain bloat are all very real things that is hindering BTC. there have been some forks to address these concerns, but most of these `fixes` are basically kicking the can down the road. these issues will return. need some sort of slicing algorithm to create master checkpoints in a blockchain that contain enough info from which to start as a new chunk. this way BTC's blockchain for instance wouldn't grow to 200 GB and then 300 GB but could stay at a manageable 1-5 GB. not sure of the baseline requirements to keep track of all address contents.

this is also starting to affect ethereum. much the same way BTC's blockchain was severely bloated by dice bots, ETH's chain is now severely bloated with cryptokitties. https://medium.com/eidoo/cryptokitties-w...b219fd0fe0 “Right now about 15% of all Ethereum network traffic is dedicated to the game, making it the most popular smart contract on the network.” this will keep going up and up. that was one of my thoughts when i read the whitepaper at prerelease for ETH. [yes i realize at this point i missed another shitload of profit there.] the idea of adding in all sorts of things to the blockchain in theory is cool, but in reality creates issues.

enjin coin is something to keep an eye on. it's a gaming network coin that wouldn't suffer any bloat from a cryptokitties type thing. there will be some form of crypto that invades the twitch streaming/youtube streaming/similar eventually. the only question is which.
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#5
(01-04-2018, 07:35 PM)genba Wrote: there have been some forks to address these concerns, but most of these `fixes` are basically kicking the can down the road.

I think it'll be the same kinda thing with ETH...

Buterin has said that they're gonna work on it, but I don't think they'll really tackle the problem for good.

https://www.ethnews.com/vitalik-announce...calability

I think that these 'founder' coins will just be replaced over time. People might hold onto BTC just as a relic.

(01-04-2018, 07:35 PM)genba Wrote: enjin coin is something to keep an eye on. it's a gaming network coin that wouldn't suffer any bloat from a cryptokitties type thing. there will be some form of crypto that invades the twitch streaming/youtube streaming/similar eventually. the only question is which.

Oooo...

Rub Hands
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#6
BTC has a place for very high end purchases. cars, houses, etc. $50 transaction fee on $100,000 is cheaper than wire transfer fees i think. you just won't be usin BTC at the local piggly wiggly.

clif high is projecting more large growth for BTC. i've been listening to him for years and his record speaks for itself. BTC also has an advantage in that it's one of the easiest coins to buy with rothschild fiat. i'd like to start acquiring a portfolio of sub $1 coins for speculative purposes and i can't really just buy em with cash.

another thought of late - be wary of ripple. yes it showed massive massive growth in 2017, but this was never a mineable coin. it is a true ponzi scheme in that it wholly relies on people buying in. now would be the time to dump if you have any, imo.

[i am not a pro, i'm not offering financial advice, i'm just stating my views in good faith based on the research i've been doin for nearly 5 years. your mileage may vary.]
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#7
Yeah we got shown Ripple's true colors pretty recently.

Lumens and EOS are the ones I'm most excited about right now.

TRON is really popular right now too, but for some reason I'm suspicious of it.
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