NVIDIA Tesla V100 Mining Hashrate - Miners Hashrates

I have access to a cluster with a few pretty fast GPU's (Tesla S1070). Should I get into bitcoin mining?

The cluster is shared, but I have a preferred subscription, meaning I get some sort of preference in the queue. Would it be worth my time to hog the GPU nodes and mine bitcoins? Here's the wiki page for the GPU.
I have light programming knowledge (mostly research based though). If anyone thinks it'd be worth setting up, I'd be willing to pay you to help me out.
submitted by MayContainPeanuts to Bitcoin [link] [comments]

I want to optimize your program on a ppc64el-supercomputer with lots of Tesla V100-SXM2 GPUs for free

I've been working on a program to automatically adjust hyperparameters in a given range. That is things like number of neurons, number of layers etc. For this, I want to do this on real programs with real data that is actually useful. I've tried things like DeepSpeech, but I have immense problems getting it to work on a ppc64el-environment with some compiled dependencies. This will then be made into a paper.
So, I'd like to offer the following. If you have an application you'd like to be trained on a high performance computing cluster with hundreds of Tesla V100-SXM2 GPUS, for free!, than you can write me your suggestions here.
The following requirements must be met though:
- It has to be able to run on ppc64el Linux natively (i.e. you compiled it for it or it's only python and bash)
- It has to be free software (and legal, of course)
- No bitcoin mining or things like that
- Has to be a real world application with lots of data that is either freely accessible or you can give me a download link for
- The program needs to accept the parameters via a cli (i.e. "program.py --layers=10")
- There has to be a loss function that can be minimized (e.g. the number of errors made, or quadratic loss or whatever, only thing that matters is one number and lower meaning better)
- The result needs to be publically available, too.
I have as much parallel computing time as we need and can automatically try as many combination as we want until we have a good result. RAM is not an issue, I have about 440GB RAM on a node, and more than 30 nodes with 6 Teslas each.
I'd really be interested in good suggestions, from which I will chose one or maybe two. You'll also get fancy graphs of the GPU workload over time, and of the hyperparameter sets tried out. Anyone interested?
submitted by AskethMe to artificial [link] [comments]

My stock study watchlist. would appreciate criticisms or red flags

Core
- FB ecosystem
This is the stock that i believe is invested in the right places and has a path forward in the global market. I work as a React developer in fintech and I greatly enjoy their technology. The reason I stopped using snapchat was because I couldn't use it on low connection in Mexico, but Instagram worked marvelously. I use Whatsapp to stay in touch with my family in mexico and Facebook to stay in touch with my mom. There's something extremely powerful about that in my opinion.
They're conservative with their push and development of camera and VR technology which is wise in my opinion give the many opportunities that exist in that space. They're pushing along with fintech in India, again with small business through Whatsapp. And they provide a suite of customer services for small business and entrepeneurs.

- Microsoft
I think they will have a great run during the cloud era of software development. Their acquiring of Github AND NPM goes to show how in touch they are with developer servicing.

- Paypal
Paypal has a marvelous history and is a battle tested pioneer in the fintech space. I see them repeating their previous successes by acquiring Honey. I work with Honey in the fintech space and now I'm understanding that Paypal has an auto coupon scraper on my Amazon purchases while my Visa ones don't. This is the forward thinking I love from Paypal despite not being as flashy as Square.

- Disney
Disney is quintessential american entertainment. I believe their deep roots in American culture and the entertainment industry will provide a solid bedrock for them for the generations to come.

- Waste Management
Sanitation and environmental, like internet connection technology, are about the same when it comes to market penetration. It is a scarcity. Sanitation is a critical part of any society's development and wellbeing. I think WM will be there to benefit from increased urbanization and industriousness from technology and wealth growth.

- Kansas City Southern
I'm Mexican and my family are avocado farmers. I believe in the future prospects of Mexico and its relationship with its neighbors. Mexico is a bustling nation and many youth are international students that carry degrees. This is a far cry from having military policing streets in rural neighborhoods decades ago. Kansas city southern is part of the supply chain that connects Mexico to main industrious Mexican states like Monterrey, Jalisco, and Michaocan. I like rail in this regard because it's a lot of weight in one operation of heavy materials. So Canadians that use Mexican mining will also benefit from this railroad.
- Nintendo
I believe in the future of gaming as a market and if I were to take a shot at who would be the most stable, I would vote for Nintendo. Like Facebook, they approach the family unit and grow generationally. I love their curveball approach to gaming and I think that creativity, along with it's customers trust, will be something I can hold onto for a long time versus companies that have a history of developing games like Call of Duty or World of Warcraft. Nintendo can take different forms: in the living room, at sweaty tournaments, online, mobile, on your phone, on a TV, in the movies, etc.

Closely watching
- United Health or Cigna
This is only going to grow and wont change due to American politics for 8 years at a minimum.
- Cisco
Same as Microsoft but for IT.
- Impossible Foods IPO
I've been vegetarian for 10 years and Impossible Burgers has been one of the most mindblowing experiences of my life. The product is phenomenal and on a league of its owned compared to Beyond Meat. IMHO Beyond taste like cheap school lunchroom burgers and Impossible tastes like something I would be excited to feed my family. If their pork products are great then I am ALL in because Chicken products are by far the easiest thing to replicate. I'm extremely excited about this product.
- Visa
They make a ton of money on transactions. I saw them hiring for blockchain development so it leads me to believe that they're adapting.
- Square
I work in the fintech space and I like their modest approach to financial services. Their acquiring of a bank charter is actually incredibly important due to all the procurement and legal processes that go behind being a fintech company (abiding by federal security laws, etc). The one reason I like Chase banking is because I enjoy their app. I see Square as a competitor to Chase, surprisingly.
- Apple
Apple designs its products with customer service in mind. I think the future of education technology will likely go to Apple because of this. Their screens and cameras are wonderful and I can see them pioneering computer vision products because of this. They are THE American Tech company.
- TMobile
Aggressive as hell and grew to be a large player through savvy moves across time. Their customer service is a highlight for me.
- JPM
Customer service for banking is unmatched IMO. If any legacy banker will make it across changes, I believe Chase is doing what it takes to adapt and think forward.
- Planet Fitness
$10 gyms, clean, and casual enough for the general population. You can't beat $10 gym membership when you're broke as fuck. I've been a heavy lifter before and still used Planet fitness in my transitions across states and whatnot. I need to look at their numbers more closely.
- Volkwagen
I trust Europe and Japan to take EVs more seriously. I don't know who will seriously come close to competing with Tesla in the long run but they'll have to.
- Panasonic
Panasonic, much like AMD, did not immediately reflect the value of what they have produced. AMD did not explode inline with bitcoin or cheaper GPU consumption, in the same way Panasonic did not reflect a massive spike in price after speculation in Tesla grew. They're an important arm to the EV market that spreads across many players ranging from Tesla to Toyota to big tech.

- Lyft
I think Lyft's focus on customer service and regional clientele will pay off against Uber, who is growing too quickly and spreading thin. Lyft will benefit from the development of computer vision and Big tech's interest in automanufacturing.

- Crypto (Bitcoin or XRP)
I like crypto as a technology as a software engineer. I see the value in a faster process for procuring and exchanging legal tender that does not have to go through the bottleneck of the ACH process or through legal issues like the PATRIOT ACT or the Bank Secrecy Act. It still fundamentally respects those laws without the frustrations of banking service bottlenecks. I think the halvening protocol has an interesting affect on Bitcoin and supply and the market that it's trying to generate.







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submitted by codingprofessor to investing [link] [comments]

Forbes miner's union plan, let you make it clear

Forbes miner's union plan, let you make it clear

https://preview.redd.it/51dwnbfy30451.png?width=900&format=png&auto=webp&s=79b57b192df4f4f11f0c7eb6ae849b169891f37c
Learn from famous teachers: Dao organization comes from Cosmos, poca and other well-known open source projects as well as a number of Wall Street financial practitioners
Grounded Technology: the core research direction of blockchain developers "cross chain"
Looking at finance: building distributed financial infrastructure
Layout of mining industry: "mining machine, mine field and mine pool", and strive to build a trinity of mining giant whale in 2020
In 2020, Forbes, the most concerned blockchain 4.0 project, is about to launch its global mining plan: Forbes has released its own ASIC chip bitcoin miner, and GFS hard disk miner is under development. At the same time, Forbes deployed mines in various regions of the world, including China, Southeast Asia, the United States, Australia, Russia and other places, to protect the "consensus".
Forbes receives f2pool Based on the deployment of mining machines and mines in 2020, the Forbes plan will be launched with the strong support of internationally renowned mining pools. It is expected to build into the world's largest, most open and transparent comprehensive mine pool within three years.
Miner and quarry
Blockchain is revolutionary. It allows anyone to own and transfer assets through an open financial network without a trusted third party. There are now thousands of blockchain based assets, and the main way to produce encrypted assets is mining. "Mining", i.e. encrypted assets, represents the wealth anchored by the blockchain system, "mining" is the most direct means for all the network to obtain wealth. When the miner obtains the right to pack the blocks according to the consensus rules based on cryptography, and packages all the transactions correctly, the mining behavior can obtain the reward (token) given by the blockchain system for its honest record of the blocks, and when the blockchain system gains value promotion due to the growth and development of the participants, the token obtained by the miner will also be given higher and higher The secondary market value of. The miners produced the initial system pass. Therefore, mining industry has become the most upstream of blockchain industry.
It can be said that mining industry is the foundation of the whole blockchain industry, which determines the 0 or 1 of a blockchain system. The mining equipment we use is the miner.
https://preview.redd.it/jvfi6mfg40451.png?width=780&format=png&auto=webp&s=19dad192911d4a9addc1d285c7db5491c75904b0
The miner is essentially a computer. Personal computer is generally composed of CPU, GPU, memory, hard disk, motherboard and other devices. Mineral machinery is no exception in nature. Any mineral machinery is composed of motherboard + hard disk + mining chip. However, due to different mining machines for different algorithms of digital assets, such as GPU (or ASIC) for BTC, ETH mining, CPU for Monroe money mining, hard disk for IPFs, Bhd and other projects mining.
Forbes mining machine in the main board, hard disk, mining chip innovation, Forbes uses dpoc consensus algorithm, belongs to the hard disk mining branch. Forbes with the strongest computing power is also in the field of the Internet of things. In foreign countries, everything is connected, hundreds of millions of intelligent devices are connected with each other, and they have super computing power and stability. Forbes mining machines all over the world will be very suitable for the deployment of Internet of things protocol, and become an important component of blockchain + Internet of things.
The mine site is the offline site for the deployment and maintenance of mining machines. But for ordinary investors who want to enter the market, mining is difficult because the mining threshold is too high. Personal users want to mine, there is a huge deployment threshold and technical threshold. First of all, individuals can not get excellent electricity price, high temperature and high noise environment makes it impossible for users to mine at home. In addition, mining needs to be configured and deployed, and expensive mining machines need to be maintained regularly. Musk said that Tesla is not selling cars, but workshops. Standardization is necessary for an industry to achieve success. In the early miner Alliance Plan, Forbes launched its own BTC ASIC chip and bitcoin miner. At the same time, combined with major capitals, it created a global standardized Forbes mine, which was deployed and maintained in a unified way, greatly extending the service life of Forbes miner. According to the simulation test, Forbes I miner can operate stably for more than six years, which greatly reduces the mining cost and enables investors to obtain higher profits. Later, Forbes will log in to the Forbes hard disk miner in the ore pool after the main network goes online.
Forbes miners Alliance Program
Miner Alliance Plan: during a period of time when Forbes main network goes online, users can use collateral parallel chain assets (such as usdt, BTC, etc.) to lease computing power to deploy mining machines in global mines. In the lease term, the deposit is returned by the smart contract according to the number of days, and the mining revenue is obtained by the early participating nodes.
Due to the cross chain implementation of Forbes, a large number of nodes need to be deployed in the early days to complete the information interaction between the relay chain and the parallel chain. And with the scale of ore pool access, the marginal cost of new mining machines will be lower and lower, and the revenue will grow steadily. Therefore, Forbes started the plan of Forbes miners' alliance, realized the rapid scale of the mining pool with market funds, and realized the stable growth of mining profits.
Through the miner alliance, users can rent mining machines. In the form of "deposit contract" to ensure that each miner's fund is dedicated, and at the same time, for each miner, it is considered to realize the real deposit settlement on schedule through the blockchain intelligent contract. After the Forbes miner generates mining revenue, the user will get kusd stable currency. In the operation plan of Forbes Dao, all the miners who join the mine have the opportunity to convert part of the profits into GFS with unlimited potential.
It is estimated that the early participants in the Forbes miner's program will have more than 1.6 times the deposit during the lease term of one year. It was asked where such gains came from. In fact, as a representative project of blockchain 4.0, the appreciation of GFS is inevitable. At present, the trading of GFS secondary market has increased by more than 10 times in a week. With the continuous extension of parallel chain and the continuous exploration of financial business, there is almost no doubt that the growth of GFS exceeds that of bitcoin in a year, even if it is halved. Forbes Dao mass produces Forbes super miner through the digital assets mortgaged by users. After the cost is removed, it covers more than 1.6 times of the revenue to nodes. Almost the secondary market value of GFS alone is far beyond.
In addition, the BTC value dug out in the miner's Alliance plan will become a stable support for the miner's Alliance Plan, and 2020 is known as bitcoin minus half a year. Get BTC while digging GFS. To say the least, the price of GFS has fluctuated, and the BTC dug out is actually stable. Not to mention that the layout of Forbes gold stable currency, Forbes DEX and so on has been dragged down, and the user's income is cashed at any time. Forbes' miner plan is a three-way and multi win business initiative, which is the distributed power.
submitted by forbeschain to u/forbeschain [link] [comments]

Paving the way for 2030, as said by /u/arsonbunny

The year is 2030.
You walk out from your apartment and go to the car sharing office down below. You pick out a Tesla Model D OGE edition and swipe your DogeCard in the door, it will cost 2 Dogecoin for 1 day of use. A nice yellow Lamborghini Dogeciélago drives by, you wish you could afford it but it will be over 50K Doge! You type in the coordinates for Starbucks and get driven there for a Dogesso, it will cost 0.1 Dogecoin. You then proceed to work at a major financial institution, where you give out mortgages for people looking to buy a GPU. As you drive home a bum taps your window during a traffic light stop: "Hey buddy, can I get a tenth of a Doge?" You say no, but you can give him some US dollar fiat notes you have laid over the floormats to protect from dirt. He accepts some begrudgingly...could come useful for toilet paper or lighting a bonfire in a trashcan.
You get home and look at your mail, sigh that the electricity bill is going up to 50 dogecoin a month. As you look at your kid working on his homework, you take pride in him and wish that you could give him the best life possible. At which point that regret dawns on you. You could have left your kid with incredible wealth, but instead you picked Bitcoin, you picked the big names that everyone said would be the future....That same old gnawing pawing feeling, because you knew you could have given him the world if only you were smarter. You ask yourself...

"Why didn't I go all in dogecoin back in 2018?"

Orignal Comment by arsonbunny here Credits for shraing - CEO_OF_DOGECOIN
submitted by EnriqueK to dogecoin [link] [comments]

What crypto did for a young Latin American enthusiast.

So, I wanted to share my experience in the crypto world and what it did for me, this ended up being longer than expected, so, sorry for the long post, also sorry if there’s grammar failures.
There’s a TLDR at the end just in case.
At my 25’s was when I decided to jump on this train, although I had heard about bitcoin a while ago when it was “brand new” I did let the bad things that were said about it cloud my judgment, something that still happens nowadays. I wasn't smart enough to research about it and have my own vision of the future, even though that I consider myself a tech enthusiast, I didn't.
I took my first steps when the mining\ETH boom, overpriced GPUs and out of stocks everywhere… With all this hubbub, I decided get know what was all this about. I started to research, reading, watching videos, learning, watching charts, and non sleeping doing all that… One of the things that I discovered was that I could get crypto by mining with my Rx-480, this was not only a gaming piece of tech, it turned out to be an investment, I got it for $190 a few months before the mining boom. I didn’t saw this mining thing as a long run thing, it was just to make enough for upgrading my old AMD FX PC to something better, ended with a Ryzen-Polaris build a few months later. Mining with only one GPU, it took time, I did $400 a few months later, back at that time Bitcoin was $2500~$3000 dollars, only If I knew, today that would be thousands of dollars lol
In my country $400 US were $18,000 DOP, that’s half my monthly salary (Not much, but enough, for now) after reaching my goal for a new PC, I stopped mining, I wanted to preserve my GPU and enjoy it for a few years more. (which didn’t happen for long, sadly, it died at the beginning of December, I had to put back on duty my old HD5570 (Picture inside ) that I had lying around, I hope to return it to retirement soon, since a really nice guy from reddit offered me his old 650Ti after trying to help me with the RMA process, which is really difficult and expensive from here, almost like buying a new one... so that’s gonna be like a “after christmas” gift for me)
Back to the story... after reaching my goal, I was still fascinated by the crypto world, so many different currencies and tokens, all this technology behind it, a new form of economy that was about to hit the world, one where we all had a chance of getting something more from what we are allowed by governments and this monopoly ruled by fat greedy pigs that control everything for their own benefit.
I remember leaving some $20s distributed in BTC, ETH and LTC, the idea of investing on crypto was always on my head, even if I didn't have enough money for that, or even if that meant making some excuse to my girlfriend (now future wife) for not going out to the movies more than once in that month… And the next one too lol.
Got to save $100 in that month and bought BTC with my money for the first time. Which became small investments in many altcoins. Didn't sleep much many nights researching, learning and watching the market for a few nights, I even got to annoy my girlfriend because I “was always talking about bitcoin” she told me many times “If you want me to listen to you talking about that, talk me when you get a car out of it, then we talk, or at least show me when it becomes real money ” lol
After doing my “homework” my chosen altcoins where ETH, LTC, OMG, QTUM, GNT and GNOIS, sadly I didn't hold them long enough before getting all back to BTC. I managed to get another $100 to invest a month later, I was still reading and learning about almost every well mentioned altcoin. The ones that I decided to buy were XRP, IOTA, XLM, NEO, ARK, EOS, ADA and of course some ETH and LTC. Even though that I had the interest in getting a few more, like ETC, TRX, POWR, SUB, BCH, KMD, ICX and maybe a few others, money was not enough.
Time passes, a few months, where my $200 investment became almost $700, and the other $20 are almost $150 now, for a total of something around $850, which I’m cashing out, although I’m keeping 50 doge coins that someone on reddit gave me a few weeks back, lets hope it goes to the moon one day lol…
Putting things on perspective, those $850 are $41,000 DOP, a little more than my monthly salary.
This didn't made my a millionaire like some lucky folks out there, nor gave me a car or a house, not even close, but this money and my Christmas/Thirteenth salary is going to be a relief now that I’m almost getting married, both (me & my gf) moving out from parents, and waiting for a baby together, paying for the all the marriage fees, rings, security/tenancy rental deposit, some medical appointments for her due the pregnancy and maybe some Christmas gifts for our families, but also, this gave me knowledge.
I did learn a lot, I did socialize with many cool people on reddit and many telegram groups, also got to know this fascinating new world with many technologies that are changing the world and bringing with it a new economy that can beat the pigs and the monopoly under their control, one where they print all the money they want and have everything for their own benefit.
it's amazing what cryptocurrencies has done for so much people, changing so many lives, it didn't made me a millionaire, but others have, so many young kids that were curious enough to put some interest on something useful, so many persistent people that jumped into this long ago waiting for this to change their life or just to get some extra money because the salary wasn't enough. Crypto gave me a possibility, it gave me a little bit of freedom, it gave me a better Christmas in difficult but wonderful times ahead.
Good luck to you all, may the profits be with you all, make good investment, be smart, read, learn and win, not only money, because learning is winning. I hope you all reach your goals and maybe something more than that, some lambos or teslas and I hope to join you all again one day not too far, before the rocket reach the moon.
Merry Christmas for you crypto fellas.
TLDR. This is a story of how I started mining with 1 GPU, how it took me months to reach my first goal, still fascinated by the crypto world, I kept learning about it. months later managed to get some extra cash ($200) to invest in many altcoins and btc which made almost 400% it didn't made me a millionaire, not even close, but got some extra money to help me starting my new life (paying security/tenancy rental deposit for moving out with my future wife, fees for our civil marriage and some medical appointments due expecting a baby) I’m left with no GPU to mine, only 50 doge and the desire of coming back one day before the rocket lands on the moon... But also with a lot of knowledge about new tech and knowing that there’s a new type of economy coming, one that gives more hope and freedom, knowing that the world is about to change.
submitted by FcoEnriquePerez to CryptoCurrency [link] [comments]

Uh, I’m Marketing Specialist (Guerrilla)

Uh, I’m Marketing Specialist (Guerrilla)
I’m so glad you brought this up! It’s the one thing that LTC lacks in and it’s ironic because LTC is the only coin deserving of a full-time marketing team. I think people are starting to finally realize that it’s all about the marketing, word of mouth and branding in crypto. To put this into perspective as a self-funded/semi-retired internet entrepreneur, I’ll tell you exactly what caused my successes and failures. Initially (when I was young), I would launch a service or product in which I used 90% of the budget for development and 10% left over for marketing resulting in failure. At this point if I ever launch a new product or service online 70%+ of the entire budget would be allocated towards the marketing, so I can’t stress the importance of this. 1 million CNY ($150k) applied to a dev team is absolutely incredible, but LTC desperately needs a monthly marketing budget as well. It would be fantastic if these Scrypt mining manufactures or farms could consider that expense the cost of doing business. $5k a month starting budget could really do wonders for creating awareness.
You can see here that we desperately need to address this issue: (sleeping giant) https://www.google.com/trends/explore?q=litecoin
There’s really no need for a DM regarding the marketing unless someone is brought on to manage a campaign, but I would like to give feedback publicly on what I’ve seen so far (since I’m all about community/transparency and appreciate feedback). I can be very direct and hurt people’s feelings, but the only thing that matters is the success of LTC for the sake of humanity (financial freedom from total economic enslavement), so here are my thoughts below.
1.) Current Slogan. I’d like to first go over the silver analogy since Xinxi mentioned it earlier in a reddit post. Right off the bat there are pros and cons that I see with this association.
Pros: During a BTC pump breaking ATH’s it is very beneficial being known as the Silver to Bitcoin’s gold as we’ve already seen demonstrated with the pump in late 2013. People feel that they missed the BTC boat and turn to an alternative that is underpriced and somewhat similar to BTC. Bitcoin paves the infrastructure path while Litecoin trails behind receiving all the benefits, such as the hardware wallet support. It positions Litecoin as a “non-threating” alternative to Bitcoin and acts as a logical trading pair. If you like BTC, then theoretically you should like LTC as well. The Bitcoin association to a digital gold is very powerful because many cultures still understand it as a monetary metal throughout history. I remember in 2011 the BTC community was really pushing that deep psychological comparison. In 2013, Bitcoin hit parity with gold reaching $1,200 and LTC at $48 which is also very similar to what we saw with physical silver. That was not by accident, but now that BTC has hit that objective I don’t hear thought leaders comparing it too gold much anymore and they claim one Bitcoin will be worth 1 million dollars feeding into that gold fever hype. The other issue with changing silver analogy is that Coblee literally designed LTC to be the silver to Bitcoin’s gold and produced 4x more inflation. LTC is also deflationary similar to gold, silver and Bitcoin so logically I guess it only makes sense. PM comparison takes a very complicated concept and helps simplify it for your average man on the street.
Cons: What I don’t like about the silver association. So I believe most here will agree that Gold feels like it’s more important/sought after than Silver. Considering historically kings have access to gold and commoners have access to the silver. I do believe it’s hard for people to chant and cheer, “We’re #2, We’re #2, We’re #2!!!”. Do you see what I mean here? It’s hard to get Excited about that for people and the same goes with hoarding LTC vs BTC. It also creates a dependency on Bitcoin for eternity and keeps LTC under the thumb of the BTC overlords (I know some of them and they hate LTC). The association should be more like Pepsi and Coke or Ying to Yang and one could technically still operate without the other. If LTC dies (I doubt this), then people will forget about the silver association and just continue chanting for Bitcoin #1/Gold2.0/21 Million/I’m Rich Bitches. If BTC dies or is bottlenecked to death it would be nice for LTC to still exist in the minds of the crypto community and that dependence is also dangerous for LTC (as we keep seeing Bitcoins lack of scaling). You’ll notice every time BTC bottlenecks transactions that the price rally gets cut short again which affects the potential LTC rally. This is also a big part of why hedging out of BTC into alts such as LTC is important, but many think why would I hold LTC when I can just hold BTC so they invest in something totally different like ETH as a hedge. The other issue is the ratio and stability of LTC when the ratio both snaps back (short-term) and is suppressed (long-term), so it doesn’t make for the most stable currency when this occurs (although a 40x gain in value again would be nice). Many precious metal bugs will state that the physical gold/silver ratio should be around 1:16 ounces and technically if BTC/LTC had identical network-effect the value ratio would be closer to 1:4. Right now, we’re nearing 1:200 which is absurd. Not only that, this association is not so accurate because the gold and silver volume/ratio of atoms on this earth is unknown. While the tokens to exist currently and in the future are precisely known with BTC/LTC (1:4) which means LTC is actually even more undervalued than physical silver to physical gold. It would be nice to talk about LTC without ever having to mention BTC and I do feel it’s a setback, but at this point maybe necessary especially considering this next BTC pump.
2.) Slogan Suggestion. As you can see I am really on the fence about the silver analogy, so maybe we can just leave it as an unspoken association as we seen Bitcoiners mentioning gold analogy less and less. The funny thing is Coblee and Xinxi totally changed the game with LTC while nobody noticed. It’s so different that I almost think this one change alone has put the silver branding into question. By adding CT transactions and Segwit it provides enough differentiation from BTC to make it a more worthwhile hedge for wealth storage (This is important and helps maintain a higher per coin price). For those that want to save their earnings in a more private blockchain they now have a reason to transfer some BTC over to LTC or bypass it as a means of storage and we already know it’s much better for transfer. Coblee states fungiblity reasons, but I already know people will be taking a second look at LTC after this is implemented because I personally don’t like when people can see all my transactions at a particular address, so having both a fully public and private blockchain is a must. Not only that he knows about the censoring of coins for associations with the dark web even if you weren’t directly involved and that hurts fungibility, so once again the right decisions are being made.
With that said, I would personally prefer LTC being considered the “The Swiss Bank of Money”. Money and Currency are actually two VERY different things by the way while gold/silver being money and currency being a derivative of that money. Obama was recently at South by Southwest and gave a speech mentioning crypto directly. It would be hilarious if we embraced his terminology of crypto. https://www.youtube.com/watch?v=YsDijAoxG9g
“It’s like having a Swiss Bank Account in Your Pocket.”
Another interesting point is the ironclad privacy that Swiss Banks were known for has been completely undermined by the US probing and global FATCA compliance for all other banks globally. There is no safe haven anymore and in a subtle way this almost alludes to LTC being the last bastion of financial freedom. Picture this, but instead LTC: http://i.imgur.com/yrQYmxO.jpg (The financial system is being completely turned upside down with some countries going to negative interest rates… AKA you pay them for holding your money, so that picture is very accurate.)
3.) Litecoin Constitution or Oath. I will eventually get to the marketing aspect, but this all ties into everything, such as word of mouth. Every great company has a motto, a country a constitution or religions with commandments. It is important because it condenses down why we are here, our beliefs, what we are fighting for, our principles and what is out of scope of the vision or deemed acceptable. We’ve seen glimpses of this from Coblee like when he mentioned after an altcoin forked due to a theft that LTC will never hardfork due to a theft (So, let’s outline it for everyone). This is so important that I could even see a URL being dedicated to it so the world is clear as too what LTC is and stands for.
An example of what this would look like: Litecoin Beliefs/Oath: - LItecoin will strive to be as transparent as possible in all aspects of development, marketing, future updates. - Litecoin will strive to remain as decentralized as possible while maintaining a pristine blockchain. All aspects of management for social media and other platforms will also remain decentralized. - Litecoin will never reverse or roll back the blockchain or fork due to a theft or unauthorized transaction. - Litecoin will strive to operate the most financially fair network of wealth storage and transfer as possible. - Litecoin will always strive to bring modern financial access from the richest to the poorest and most remote people on earth. - ETC ETC.
Something like this needs to be in place in the event Charlie goes MIA or anyone else in management so we have our guide stone in place. A wealthy individual looking to speculate in LTC and store his wealth there would feel much more comfortable if he knew what LTC stands for. The examples I gave above are how I perceive LTC but writing it in stone would make everything clear for everyone.
4.) Enthusiastic Keynote Speaker. While I love Charlie to death and he’s fighting the good fight it would be nice to see someone like an Andreas equivalent for LTC (English/Chinese speaker would be incredible). When I hear Andreas speak about BTC I literally get goosebumps and my faith/passion is restored in crypto because sometimes we get beat down when our family and friends can’t see the “lite”. While I believe Charlie should never stop spreading awareness at as many events as possible he doesn’t come off as being very confident and a bit shy (which is fine). What I would like to see is high energy, passion, excitement and a confidence in LTC that is unshakeable. Assume the sale man! Charlie observed BTC operating in the wild, made a few tweaks and somehow made a better version of it capable of more yet incredibly stable/functional (without the suspect Satoshi early miner stash). However, I do understand it being difficult to hype LTC when there is not much to talk about since BTC hit all the talking points and LTC was no different other than 4x. For the future we really need to stress the scalability and fungibility improvements.
5.) Thinking out of the box. Xinxi’s paper wallet suggestion if done on a grand scale could be quite massive for adoption despite how primitive it sounds. This is the type of thinking we need to bring LTC functionality/awareness to the masses. Get creative/think outside the box and reach out to the appropriate companies/visionaries or start a business (we need more entrepreneurs and now is the time to get involved and solidify your spot in the industry).
Some examples: a. In previous posts we discussed the paper wallets for LTC. If I were to walk up to any person on the street and explain to them that I had one LTC paper wallet in my hand worth $4 and I would be willing to sell it to them for $5 and explained it was rare and similar to Bitcoin (second largest), in addition hit $48 in the past and could happen again and BTC is currently at $780.. I guarantee I could sell them on the spot. That could literally be turned in a business model and scaled as one idea that seems silly, but with awesome potential.
b. Tonight I watched the unveiling of the new Tesla solar home roof in addition to the PowerWall 2 unit. Seen here: https://www.youtube.com/watch?v=dRqSkR4ENAg Who’s to say we couldn’t contact Tesla and integrate a Scrypt Asic chip into their future PowerWall 3 unit and offset homeowner’s extra battery power into the form of crypto. I mine BTC, LTC, DASH, ETH/ETC and LTC is by far the most profitable to mine, so maybe this actually could be viable. It’s out of the box and worth looking into from a technical standpoint. Coblee literally lives down the street and could meet with them.
c. Another idea could be a sidechain mobile mining concept. I’ve thrown that idea around with the LTC devs, just to see what their thoughts were. It would have to be structured in a very particular way to work, but I believe there could be some merit there as well to draw in new users. I would really love some feature to be offered through this additional hash/computational power via a sidechain and potentially something like a Dash masternode for the monthly yield since for some the simple buy and HODL method doesn’t work for them. LTC is supposed to be “money”, so monthly yield is inappropriate similar to how gold doesn’t produce monthly yield by its very nature.
5.) More Accessible Scrypt Miners. It looks like Alcheminer is gone and Titans are no longer obtainable leaving really only Innosilicons terminators older ones and the newer ones coming. It would be nice if we had more affordable smaller miners for your average joe. GPU dominates the word of mouth aspect because of accessibility. Any gamer can get involved, he gets a few coins and then tells his friends being that there is also financial incentive for him to spread awareness. It would be great if we could see more scrypt manufactures producing something to fill this niche.
6.) Localbitcoins.com equivalent. I don’t want to offend anyone again, but the litecoinlocal.net website really does need work. Aesthetically it doesn’t look as visually appealing as LBC and also does not function as well. The .net extension is also not so favorable, so maybe they could acquire a .com equivalent and 301 it. In addition, I see little to no available trades which also does not bode well on the psyche of potential LTC investors. LBC is really a major backbone to Bitcoin adoption considering its functionality for the community and allows people to buy BTC in a more anonymous fashion. Plus, the owner of LBC makes great profit so there is much incentive for running a high caliber local exchange.
7.) Marketing. There really is no marketing for LTC and I’ve never seen any marketing efforts on behalf of the LTC association other than maybe some sponsored ads on reddit (which is fine). This really does need to change because when we saw Dogecoin doing the Nascar stuff or Jamaican bob sled team, I was thinking my god why can’t we get a budget going to spread awareness. While I believed even at the time that their particular choices were foolish I was impressed that they were actually trying to bring about public awareness for Doge. We can maintain interactions on all the social profiles we want in the world, but we really need to be paying for ad placement on networks such as YouTube, Facebook, Reddit, Twitter, etc etc. A/B split testing with a test budget would be wise and gauge interaction via a landing page.
Side note: It’s funny one of my first projects when I was a kid was a penny stock newsletter site accessible via monthly subscription. We ran ads that were very professional and reasonable such as “Join our newsletter and receive monthly returns up to 20%-30%”. At the time that was very reasonable and realistic based on our track record/advice. The only problem was the ads performed horribly, but then eventually we said screw it and ran ridiculous ads like, “GAINZ of 30000X, GET RICH, GET BITCHES, LIVE ON BEACH IN PARADISE”…. And it worked almost too well. This tells me humans react off greed and dreams of grandeur. I see these claims with altcoins that get pumped which claims of “next Bitcoin” or will “overthrow Bitcoin”. I think that’ more sensational for most people and fills their dreams of becoming rich overnight. There’s those types of people and then there are the more ideological type like we see in the BTC community such as miners that will continue to mine at a loss because they believe so strongly in BTC or the HODLRS that won’t sell even when BTC loses half its value in 48 hours and people are shitting their pants. It would be nice if we could appeal to all demographics.
I keep hearing about the LTC Association meetings. Why don’t we publicly post the meeting day/time do it via Google Hangouts so we can all listen in on the conversation. We really need to build a sense of community and that’s lacking as well. Outreach programs could also be a very inexpensive form of marketing. Such as contacting Twitch.tv for potential integration of LTC. If the fundamentals were explained I’m sure there would be successes in furthering adoption of the technology.
If the Litcointalk.org website is not going to get fixed can we at least 301 it to the litecointalk.io address for now? Seeing "Hacked" at the top of the site doesn't instill confidence again... Not so great for branding... lol
… to be continued.
I’m starting to ramble. It’s 3am here and I’m half asleep. I’ll continue writing more on potential marketing efforts/ideas I’ve had (tomorrow).
In the meantime, I’ve love to hear feedback on things I’ve shared so far.
submitted by dballing1 to litecoin [link] [comments]

$1500-$2000 USD scientific workstation

Build Help/Ready:

Have you read the sidebar and rules? (Please do)
Yes.
What is your intended use for this build? The more details the better.
Primary: Scientific Workstation
Software includes -
-> computationally expensive MATLAB
- CUDA-enabled GPU computing for MATLAB
-> computationally expensive quantum chemistry/DFT software
- Examples of software - I want to be able to do GPU-assisted simulations as well
- VASP - has GPU support
-> computationally expensive FDTD software
- Lumerical FDTD Solver - commercial software (I have a license) that apparently does not support GPU support; seems the main bottleneck is memory bandwidth and not processing power
gsvit - open source FDTD with GPU support
Secondary: Gaming, Cryptocurrency (Etherium, Bitcoin mining)
I figure the workstation specifications will more than cover the computer's ability to do these, but I wanted to mention these all for completeness sake.
If gaming, what kind of performance are you looking for? (Screen resolution, framerate, game settings)
1080p 60fps on high/ultra is good, but if the performance is possible wouldn't mind getting into 4k down the road. I mainly play Blizzard games and Minecraft right now, but may get into Destiny 2.
What is your budget (ballpark is okay)?
$1500-$2000, but variable.
In what country are you purchasing your parts?
United States
Post a draft of your potential build here (specific parts please). Consider formatting your parts list. Don't ask to be spoonfed a build (read the rules!). PCPartPicker part list / Price breakdown by merchant
Type Item Price
CPU Intel - Core i7-7700K 4.2GHz Quad-Core Processor $323.11 @ OutletPC
CPU Cooler Corsair - H60 54.0 CFM Liquid CPU Cooler $64.99 @ Amazon
Motherboard Asus - PRIME Z270-A ATX LGA1151 Motherboard $149.89 @ OutletPC
Memory G.Skill - Ripjaws V Series 16GB (2 x 8GB) DDR4-2400 Memory $124.99 @ NCIX US
Storage Samsung - 850 EVO-Series 250GB 2.5" Solid State Drive $89.99 @ B&H
Storage Western Digital - Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive $46.88 @ OutletPC
Video Card Gigabyte - GeForce GTX 1080 8GB AORUS xtreme edition Video Card $569.99 @ Amazon
Case NZXT - S340 (Black) ATX Mid Tower Case $69.99 @ B&H
Power Supply EVGA - SuperNOVA G3 550W 80+ Gold Certified Fully-Modular ATX Power Supply $70.98 @ Newegg
Prices include shipping, taxes, rebates, and discounts
Total (before mail-in rebates) $1530.81
Mail-in rebates -$20.00
Total $1510.81
Generated by PCPartPicker 2017-08-28 13:43 EDT-0400
Provide any additional details you wish below.
As I mentioned, the primary purpose of this computer will be as a scientific workstation. I don't intend for it to be servecluster quality, but rather a strong desktop computer (duel Windows/Linux boot) that can run some relatively small, computationally expensive simulations and software in a reasonable amount of time, before larger projects/assignments are created for running on a computing cluster.
My main concerns are reducing bottleneck - I want to be able to run both CPU and GPU-intensive software in a balanced way, meaning I'm not skimping on the GPU for a better CPU and vice versa. I realize it could be difficult to compare
Some specific questions I have:
1) According to Intel's site, the max RAM speed supported by the i7-7700k is DDR4-2400. How does one use RAM with a higher speed? Do you need a Xeon processor? Also, I'm looking at 32 GB RAM.
2) For my purpose, should I definitely get a Z270? I read somewhere that it has a better memory controller than the Z170, but not sure about this.
3) How does the 1080 compare to 2x 1070? Or a 1080 Ti? For CUDA and for cryptocurrencies? I don't know too much about these from a computer hardware perspective, but am interested in learning more.
Thank you!
submitted by Concordiaa to buildapc [link] [comments]

What to do with quad V100 machine?

I have access to a Supermicro SuperServer 4028GR-TXRT with 4 cross-connected NVLINK NVIDIA Tesla V100 SXM2 GPUs. (https://www.supermicro.com/products/system/4U/4028/SYS-4028GR-TR.cfm). It is running Linux and has a business class connection to the interwebs. I can use it only when not being used by others (typically during the night each day). 1) I want to mine and hold either bitcoin or ethereum. Is either coin more suitable for GPU mining? 2) What is the best software to load onto the rig to best exploit the configuration? Do any software packages have an easy way to detect other users logging into the platform and hence going into sleep mode? 3) Would it yield more coins joining a mining pool vs lone mining vs renting out the time?
Many thanks!
submitted by spamco to gpumining [link] [comments]

What crypto did for a young Latin American enthusiast.

So, I wanted to share my experience in the crypto world and what it did for me, this ended up being longer than expected, so, sorry for the long post, also sorry if there’s grammar failures.
There’s a TLDR at the end just in case.
At my 25’s was when I decided to jump on this train, although I had heard about bitcoin a while ago when it was “brand new” I did let the bad things that were said about it cloud my judgment, something that still happens nowadays. I wasn't smart enough to research about it and have my own vision of the future, even though that I consider myself a tech enthusiast, I didn't.
I took my first steps when the mining\ETH boom, overpriced GPUs and out of stocks everywhere… With all this hubbub, I decided get know what was all this about. I started to research, reading, watching videos, learning, watching charts, and non sleeping doing all that… One of the things that I discovered was that I could get crypto by mining with my Rx-480, this was not only a gaming piece of tech, it turned out to be an investment, I got it for $190 a few months before the mining boom. I didn’t saw this mining thing as a long run thing, it was just to make enough for upgrading my old AMD FX PC to something better, ended with a Ryzen-Polaris build a few months later. Mining with only one GPU, it took time, I did $400 a few months later, back at that time Bitcoin was $2500~$3000 dollars, only If I knew, today that would be thousands of dollars lol
In my country $400 US were $18,000 DOP, that’s half my monthly salary (Not much, but enough, for now) after reaching my goal for a new PC, I stopped mining, I wanted to preserve my GPU and enjoy it for a few years more. (which didn’t happen for long, sadly, it died at the beginning of December, I had to put back on duty my old HD5570 (Picture inside ) that I had lying around, I hope to return it to retirement soon, since a really nice guy from reddit offered me his old 650Ti after trying to help me with the RMA process, which is really difficult and expensive from here, almost like buying a new one... so that’s gonna be like a “after christmas” gift for me)
Back to the story... after reaching my goal, I was still fascinated by the crypto world, so many different currencies and tokens, all this technology behind it, a new form of economy that was about to hit the world, one where we all had a chance of getting something more from what we are allowed by governments and this monopoly ruled by fat greedy pigs that control everything for their own benefit.
I remember leaving some $20s distributed in BTC, ETH and LTC, the idea of investing on crypto was always on my head, even if I didn't have enough money for that, or even if that meant making some excuse to my girlfriend (now future wife) for not going out to the movies more than once in that month… And the next one too lol.
Got to save $100 in that month and bought BTC with my money for the first time. Which became small investments in many altcoins. Didn't sleep much many nights researching, learning and watching the market for a few nights, I even got to annoy my girlfriend because I “was always talking about bitcoin” she told me many times “If you want me to listen to you talking about that, talk me when you get a car out of it, then we talk, or at least show me when it becomes real money ” lol
After doing my “homework” my chosen altcoins where ETH, LTC, OMG, QTUM, GNT and GNOIS, sadly I didn't hold them long enough before getting all back to BTC. I managed to get another $100 to invest a month later, I was still reading and learning about almost every well mentioned altcoin. The ones that I decided to buy were XRP, IOTA, XLM, NEO, ARK, EOS, ADA and of course some ETH and LTC. Even though that I had the interest in getting a few more, like ETC, TRX, POWR, SUB, BCH, KMD, ICX and maybe a few others, money was not enough.
Time passes, a few months, where my $200 investment became almost $700, and the other $20 are almost $150 now, for a total of something around $850, which I’m cashing out, although I’m keeping 50 doge coins that someone on reddit gave me a few weeks back, lets hope it goes to the moon one day lol…
Putting things on perspective, those $850 are $41,000 DOP, a little more than my monthly salary.
This didn't made my a millionaire like some lucky folks out there, nor gave me a car or a house, not even close, but this money and my Christmas/Thirteenth salary is going to be a relief now that I’m almost getting married, both (me & my gf) moving out from parents, and waiting for a baby together, paying for the all the marriage fees, rings, security/tenancy rental deposit, some medical appointments for her due the pregnancy and maybe some Christmas gifts for our families, but also, this gave me knowledge.
I did learn a lot, I did socialize with many cool people on reddit and many telegram groups, also got to know this fascinating new world with many technologies that are changing the world and bringing with it a new economy that can beat the pigs and the monopoly under their control, one where they print all the money they want and have everything for their own benefit.
it's amazing what cryptocurrencies has done for so much people, changing so many lives, it didn't made me a millionaire, but others have, so many young kids that were curious enough to put some interest on something useful, so many persistent people that jumped into this long ago waiting for this to change their life or just to get some extra money because the salary wasn't enough. Crypto gave me a possibility, it gave me a little bit of freedom, it gave me a better Christmas in difficult but wonderful times ahead.
Good luck to you all, may the profits be with you all, make good investment, be smart, read, learn and win, not only money, because learning is winning. I hope you all reach your goals and maybe something more than that, some lambos or teslas and I hope to join you all again one day not too far, before the rocket reach the moon.
Merry Christmas for you crypto fellas.
TLDR. This is a story of how I started mining with 1 GPU, how it took me months to reach my first goal, still fascinated by the crypto world, I kept learning about it. months later managed to get some extra cash ($200) to invest in many altcoins and btc which made almost 400% it didn't made me a millionaire, not even close, but got some extra money to help me starting my new life (paying security/tenancy rental deposit for moving out with my future wife, fees for our civil marriage and some medical appointments due expecting a baby) I’m left with no GPU to mine, only 50 doge and the desire of coming back one day before the rocket lands on the moon... But also with a lot of knowledge about new tech and knowing that there’s a new type of economy coming, one that gives more hope and freedom, knowing that the world is about to change.
submitted by FcoEnriquePerez to CryptoMarkets [link] [comments]

What crypto did for a young Latin American enthusiast.

So, I wanted to share my experience in the crypto world and what it did for me, this ended up being longer than expected, so, sorry for the long post, also sorry if there’s grammar failures.
There’s a TLDR at the end just in case.
At my 25’s was when I decided to jump on this train, although I had heard about bitcoin a while ago when it was “brand new” I did let the bad things that were said about it cloud my judgment, something that still happens nowadays. I wasn't smart enough to research about it and have my own vision of the future, even though that I consider myself a tech enthusiast, I didn't.
I took my first steps when the mining\ETH boom, overpriced GPUs and out of stocks everywhere… With all this hubbub, I decided get know what was all this about. I started to research, reading, watching videos, learning, watching charts, and non sleeping doing all that… One of the things that I discovered was that I could get crypto by mining with my Rx-480, this was not only a gaming piece of tech, it turned out to be an investment, I got it for $190 a few months before the mining boom. I didn’t saw this mining thing as a long run thing, it was just to make enough for upgrading my old AMD FX PC to something better, ended with a Ryzen-Polaris build a few months later. Mining with only one GPU, it took time, I did $400 a few months later, back at that time Bitcoin was $2500~$3000 dollars, only If I knew, today that would be thousands of dollars lol
In my country $400 US were $18,000 DOP, that’s half my monthly salary (Not much, but enough, for now) after reaching my goal for a new PC, I stopped mining, I wanted to preserve my GPU and enjoy it for a few years more. (which didn’t happen for long, sadly, it died at the beginning of December, I had to put back on duty my old HD5570 (Picture inside ) that I had lying around, I hope to return it to retirement soon, since a really nice guy from reddit offered me his old 650Ti after trying to help me with the RMA process, which is really difficult and expensive from here, almost like buying a new one... so that’s gonna be like a “after christmas” gift for me)
Back to the story... after reaching my goal, I was still fascinated by the crypto world, so many different currencies and tokens, all this technology behind it, a new form of economy that was about to hit the world, one where we all had a chance of getting something more from what we are allowed by governments and this monopoly ruled by fat greedy pigs that control everything for their own benefit.
I remember leaving some $20s distributed in BTC, ETH and LTC, the idea of investing on crypto was always on my head, even if I didn't have enough money for that, or even if that meant making some excuse to my girlfriend (now future wife) for not going out to the movies more than once in that month… And the next one too lol.
Got to save $100 in that month and bought BTC with my money for the first time. Which became small investments in many altcoins. Didn't sleep much many nights researching, learning and watching the market for a few nights, I even got to annoy my girlfriend because I “was always talking about bitcoin” she told me many times “If you want me to listen to you talking about that, talk me when you get a car out of it, then we talk, or at least show me when it becomes real money ” lol
After doing my “homework” my chosen altcoins where ETH, LTC, OMG, QTUM, GNT and GNOIS, sadly I didn't hold them long enough before getting all back to BTC. I managed to get another $100 to invest a month later, I was still reading and learning about almost every well mentioned altcoin. The ones that I decided to buy were XRP, IOTA, XLM, NEO, ARK, EOS, ADA and of course some ETH and LTC. Even though that I had the interest in getting a few more, like ETC, TRX, POWR, SUB, BCH, KMD, ICX and maybe a few others, money was not enough.
Time passes, a few months, where my $200 investment became almost $700, and the other $20 are almost $150 now, for a total of something around $850, which I’m cashing out, although I’m keeping 50 doge coins that someone on reddit gave me a few weeks back, lets hope it goes to the moon one day lol…
Putting things on perspective, those $850 are $41,000 DOP, a little more than my monthly salary.
This didn't made my a millionaire like some lucky folks out there, nor gave me a car or a house, not even close, but this money and my Christmas/Thirteenth salary is going to be a relief now that I’m almost getting married, both (me & my gf) moving out from parents, and waiting for a baby together, paying for the all the marriage fees, rings, security/tenancy rental deposit, some medical appointments for her due the pregnancy and maybe some Christmas gifts for our families, but also, this gave me knowledge.
I did learn a lot, I did socialize with many cool people on reddit and many telegram groups, also got to know this fascinating new world with many technologies that are changing the world and bringing with it a new economy that can beat the pigs and the monopoly under their control, one where they print all the money they want and have everything for their own benefit.
it's amazing what cryptocurrencies has done for so much people, changing so many lives, it didn't made me a millionaire, but others have, so many young kids that were curious enough to put some interest on something useful, so many persistent people that jumped into this long ago waiting for this to change their life or just to get some extra money because the salary wasn't enough. Crypto gave me a possibility, it gave me a little bit of freedom, it gave me a better Christmas in difficult but wonderful times ahead.
Good luck to you all, may the profits be with you all, make good investment, be smart, read, learn and win, not only money, because learning is winning. I hope you all reach your goals and maybe something more than that, some lambos or teslas and I hope to join you all again one day not too far, before the rocket reach the moon.
Merry Christmas for you crypto fellas.
TLDR. This is a story of how I started mining with 1 GPU, how it took me months to reach my first goal, still fascinated by the crypto world, I kept learning about it. months later managed to get some extra cash ($200) to invest in many altcoins and btc which made almost 400% it didn't made me a millionaire, not even close, but got some extra money to help me starting my new life (paying security/tenancy rental deposit for moving out with my future wife, fees for our civil marriage and some medical appointments due expecting a baby) I’m left with no GPU to mine, only 50 doge and the desire of coming back one day before the rocket lands on the moon... But also with a lot of knowledge about new tech and knowing that there’s a new type of economy coming, one that gives more hope and freedom, knowing that the world is about to change.
submitted by FcoEnriquePerez to Bitcoin [link] [comments]

How RaiBlocks can save the World - and PC gaming (DRAFT for community review)

Hey guys, loving Rai so much, want it to take over yesterday!! There was a suggestion for an appeal to PC gamers, I am not much of a writer but had a go at it. The technical details are not all 100% correct I know, and lay terms have been used a lot, but i'm trying to educate people that don't use crypto or not heavily into it anyway. I'm looking for suggestions here before submitting under gaming or wherever you think is best, cheers.
How RaiBlocks can save the World - and PC gaming
On 3rd January 2009, the world change forever. At the time, nobody noticed. Something incredible had happened though... the first non copyable digital asset was created. The creator of this unique asset knew it would change the world, but probably didn't expect that it would come at a massive environmental cost, and push state of the art PC gaming out of the reach of Millions.
When Satoshi Nakamoto created Bitcoin in 2009, he created a system that allowed the transfer of digital information, but made that information non copyable. That’s what Bitcoin is, a non copyable digital asset. In order to make it non copyable, there is a list, with every Bitcoins location defined. Keeping this list secure requires all computers on the bitcoin network to conduct a simple calculation, called a hash. But not just one hash, the network has to try lots of hashes until it finds one, by luck, that secures the list (blockchain). Initially it was just Satoshi and his old laptop running and securing the entire Bitcoin network, guessing away, creating new block after new block, by luck, around every 10 minutes. But Satoshi knew that other people would need to join in, if the list was to really be secure, and that 100 laptops hashing would find the lucky hash 100 times faster than one laptop would. So he created an ingenious solution, the hash number that needs to be found by luck, increases in difficulty automatically to match the hardware being added to the network. Like an arms race between the computer network and infinity, as the network gets stronger, the guessing gets harder. With Bitcoins being worthless in Dollar terms, there were only computer enthusiasts, crypto anarchists and weirdos hashing Bitcoin in 2009. As time went on, and the price of bitcoin went into the cents, people started running their work mainframes at night to mine Bitcoin… the hash rate climbed… the price climbed with adoption.
When the Bitcoin price hit parity with the Dollar, there was serious money to be made by securing the Bitcoin network… and designers quickly realised that computers with graphics cards for gaming, GPU’s were great at fast hash guessing. This was just the beginning, and went unnoticed by the world outside bitcoin at the time. Eventually specialty manufacturers emerged with computers made specifically for hashing, ASIC Bitcoin computers. Every time the price increased, the incentive to mine grew. Everytime the mining grew, the difficulty grew.
As we all know, the price of Bitcoin, and other alternative Blockchains has exploded, and the incentive to mine is staggering. The situation at the beginning of 2018, is that the system that was originally run by a single PC, is now being run by a network of computers so vast that it is making PC gaming unaffordable, and having a staggering environmental impact. Any computer that can be used for mining, is used for mining, driving modern graphics card prices so high, that most people could not dream to afford one. The ASIC computer builders are also booking out entire factory runs, pushing up the price of all high end electronic devices, from PC’s to Smartphones. The world’s largest high end chip manufacturers, (TSMC 16nm chips), are making more Bitcoin chips than anything else, with 100,000 wafers per month produced, each wafer makes thousands of chips. This is pushing the price of high end micro chips through the roof as the quantity available on the market decreases.. The environmental impact is massive, power usage is massive, each transaction uses enough power to keep a household light bulb running for several years. The Mining incentive does reduce with time, by design, but as the price rises, the incentive increases. This makes Bitcoin heavy on electricity, and high end microchips, by design.
So, is there a cure? All other cryptocurrencies are based on the same blockchain design, and while some are centralised to reduce the mining, those coins will never be trusted like a distributed system, except one - Raiblocks.
Raiblocks is a decentralised cryptocurrency, but it’s nothing like Bitcoin. If Bitcoin and it’s fellow blockchain systems were a steam locomotive running on dolphin oil and babys tears, Raiblocks is a Tesla Roadster with Mr Fusion for the battery. Transactions complete in a few seconds, because there is no need to guess trillions of different numbers for 10 minutes. It is decentralised and secured by well understood cryptography. There is no mining, no ASIC’s, and no GPU’s. The faster it kills Bitcoin, the better off the world will be.
Raiblocks main technical advantage over Bitcoin is its speed, it’s as fast as Visa, whereas Bitcoin is at best 5 minutes, at worst, comparable to a bank cheque. Raiblocks is also a lot simpler by design than bitcoin. Example: if you want to send 1 raiblock to a friend, you can do that. With Bitcoin, that’s not possible. Try send 1 bitcoin, you can only send 0.999998 , because you have to pay the miners to help destroy the environment, and drive up the price of CPU’s GPU’s and anything on earth made with electricity. Even if you had a no fee situation, or extra funds, with bitcoin there are 2 transactions for every spend, one to the recipient, one to the “spare change”. This is a legacy of the old system, it’s confusing and totally hilarious to Raiblocks users, whom have a simple and elegant modern experience, that feels more like a simple bank account.
So how do you get onto Raiblocks and help kill Bitcoin? Easier said than done! . At the moment, you can only buy Raiblocks with Bitcoin! But you can get a wallet for free, and publish your address online for others to pay you tips, or larger amounts into your wallet. Because there are no fees, ever, small payments are possible and as easy as sending an email. Raiblocks has only been around for months, not years. More entry points to the system will emerge as Raiblocks becomes better known, so you can help by looking into Raiblocks and telling others about the first GPU friendly cryptocurrency!
submitted by dontlikecomputers to RaiBlocks [link] [comments]

Merry Christmas and to all a good night!

So because I have nothing better to do than troll the forums, reddit, and so on (I have such an exciting life dont I!), I would like to post my thoughts on 2014.
It's been quite an exciting year for Litecoin, both ups and downs. From Litecoin's price going far below what was expected to wider adoption with merchants. Businesses have sprang up everywhere Litecoin and crypto related, some succeeded, some failed, and others marked off as scams.
As I post this, it marks a year and two weeks since I have been involved with Litecoin and cryptos. I've seen a titans fall (empty Gox, Moolah and Mintpal), Davids turn into Goliath's (GAW, GoCoin, Zues), and the determined entrepreneurship of eager fellow crypto fans come out with new products, services, and ideas everyday.
This world that we are all in, seemingly at times isolated from the rest of the world, has grown and spread like wildfire. If there was truly a year for Cryptos up to this point, 2014 would be that year. The merchant adoption has exploded with acceptance, with giants like Overstock.com and Microsoft now taking Bitcoin (and hopefully Litecoin in the future as well ;) ). In addition, I can still go and buy honey, video games, gift cards, clothes, precious metals, and even a Tesla with Litecoin. I would consider that a monumental accomplishment for Litecoin, Bitcoin, and crypto's as a whole in 2014.
I've witnessed the evolution in scrypt, from small time hobby GPU mining to industrial asic companies. The hash rate exploded from miniscule amounts into a behemoth, multiplied over 60 times since the beginning of this year. Litecoin dominated the scrypt scene, overpowering every other scrypt coin out there to include the much loved very wow Dogecoin. Which in turn was (to me) a blessing in disguise, causing Dogecoin to implement AUXPoW, and giving everyone a larger opportunity to understand the cultures of the different communities between Litecoin and Dogecoin.
The threat of a possible 51% attack presented itself earlier on this year, and the insurmountable backlash of the community. The passion, the fire, the eyes of those who would not idly stand by as their network, the network of the community, could fall victim to such an attack. Impending doom was avoided, and it gave me hope and joy to know that the community was so passionate.
I've been both a bystander and an active participant in multiple charities, and I am proud and humbled to bear witness to this community opening their pockets to the poor and needy, raising over $20,000 this year to those that are less fortunate than us. We need to remember that in the spirit of crypto's, its not the worth of the coins themselves but more of a promise that Litecoin and others can help those less fortunate . The under banked, remittances, the fee's that are forced upon us by credit card companies which increases the prices of products. These are the reasons I do what I do, and I would hope even the most seasoned trader can appreciate the uses well beyond the hint of riches and personal wealth.
The observation of the eyes of the world on us, banks, lawyers, judges, congressmen and congresswomen and even whole countries. The SEC issuing lawsuits and Fincen working with companies to help comply with anti money laundering laws. People that have been sentenced to jail, right or wrong (sometimes its in the eye of the beholder). Regulations, laws, and bitlicense, the very essence of cryptos seemingly being stripped away. Some consider it a sign of times to come for larger adoption, others believe its an overreaching central authority bearing down on a decentralized entity. My opinions aside, the sheer thought of such a young technology being watched and judged by those in power is significant. Being noticed by these authorities is a door into what is to come for 2015.
So what is to come for 2015? For Litecoin we can look forward to more merchant and user adoption. The halving will be coming in Oct 2015, which is going to be an exciting time. Everyone can speculate on the price, but when it comes down to it no one really knows what will happen. The only thing I do know for sure is this. I will be here to help the new person by explaining the blockchain, helping a business as best I can get off their feet, helping the communities at large beyond Litecoin with their issues, and helping Litecoin continue to be one of the best crypto's out there. Charlie Shreem said to the judge in his case before sentencing "Bitcoin is my baby, it’s my whole world and my whole life, it’s what I was put on this earth to do. I need to be out there". His circumstance aside, as I read this quote from him, I can't help but to feel, from the bottom of my heart, the same way about Litecoin.
Merry Christmas all and lets make 2015 the best we can for Litecoin and crypto's!
Andrew Vegetabile / TheMage
submitted by TheRealMage to litecoin [link] [comments]

[uncensored-r/Bitcoin] PSA: Think About Taxes

The following post by PLOOPSY_SPANKCICLES is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7i3h8e
The original post's content was as follows:
I get it, in this euphoric, we're all moments; insert price meme; is it too late to buy?, etc. It's all fun and games until someone decides to exchange a little BTC for fiat, and then the taxman cometh.
As a fellow hodler, I have no idea why anyone would do such a thing, but still - there's nothing wrong with enjoying life a little. Taking that trip while the kids still like you, buying that Gibson Les Paul you've been eyeing your entire life, snagging that little plot of vacation land, or even picking up that Tesla. Life is too short, and if you're one of the really early adopters (I'm talking the ones who were selling Minecraft diamonds on the reddit server (civcraft) for 1 BTC a piece back in the GPU milkcrate mining days), it's OK to spend a coin or two out of your vast digital pile.
I'm not a tax pro, but at least here in the United States you can pay either income tax or capital gains tax. Miners would pay income tax as if they just had another job. Resellers would pay cap gains at 15% if they held it for over a year (?).
We're in serious territory here, folks. All this talk about "if it hits 100k I'm retiring" and "at $50k I'm getting a downpayment on a house" is awesome, except literally no one mentions taxes, not once that I saw out of all recent comments.
Taxes can constitute up to a third of all your fiat-ed cryptos. You absolutely won't get a knock on the door the moment you press "sell" on Coinbase, but a few years down the road the IRS could send you a letter asking for more information about "your actions connected with suspicious and potentially criminal activity in the area of cryptographic payments" back in the distant 2017 just because some Silk Road address in the blockchain was a predecessor to your totally clean wallet. Then they invite you for a little chat and announce that you owe taxes with n number of years of penalty, and that's the best-case scenario.
Anyway, I get the Morpheus meme, blah blah. But this is as real as it gets. Just thought I'd remind everyone to allocate at least a third just in case.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

BTC/altcoin mining for idle renderfarm

Hello, BTC aficionados! (I've already posting this to /BitcoinMining, but I do simply want to cover my bases).
I manage a render farm for a VFX studio. We're going to be going into a bit of a slow time with a lack of a production to significantly use our current farm resources in about 2 months and will potentially last until the fall. I've been tasked to investigate ways for us to utilize (or not utilize) our farm power and present the ways to our CTO. One such option I'm going to be researching is to turn our farm into a dynamic digital currency miner, either standalone or part of a pool.
While I realize in my short time researching, that ASIC devices outclass CPU an GPU for BTC mining, I'm wondering if btc/altcoin mining is still a somewhat viable option. During this period, the make up of our farm will be roughly 500 dual Ivy Bridge hexacore xeon blades (24 logical cores with HT) with 48GB of RAM a piece (30 of which have Tesla GPUs for playblasting/houdini sims). Does anyone have any good reference calculators so that I can input our overhead for power and cooling? Does anyone have any references or contacts of other studios that have tried to turn to mining? Basically, any information you can throw at me or point me in the right direction with minimal effort will help my research effort greatly.
Thanks a ton!
submitted by motARTion to Bitcoin [link] [comments]

Found my new workstation / server - a few q's if you please

So after some research on various Precisions on PowerEdge towers I have settled on a system. A Precision T7500.
Here's what I know so far:
Processor:
Can support Hexacore CPU's w/ Hyperthreading for a total of 24 threads.
  1. Can it unofficially support 8C/HT CPU's?
  2. If not what is the biggest baddest processor(s) I can stuff into this beast?
RAM: Dell says the limit is 192GB. Theoretically, how would I do that? There are 16 slots if I get the riser card and with 8GB modules x 16GB = 128GB.
  1. So where does the other 64GB come from?
  2. Or are there 16GB modules available?
  3. I'd like a minimum of 64GB. Would I achieve better performance for my VM's using 4GB modules or 8GB modules?
RAID: Dell lists the maximum # of supported HD's is 5.
  1. Is that true, or can I cram more in there?
  2. Can I use the on-board controller with 2x300GB 10K SAS in RAID 1 for the host OS? Either ESXi or Server 2012 R2 w/ Hyper-V?
  3. If 2 is true, then can I run 4 2TB WD RED's in RAID 5 to host the VM's using a Perc 6 card? If so, what exact model. If not, how would I achieve this besides the obvious 3 drive RAID 5 setup. Heck if I could do 5 drives and dedicate 1 as a hot spare that would be ideal I think.
TESLA Card: I've been thinking of adding a Tesla to tinker with. What's a decent one for around $200 that if I don't learn CUDA I can mine bitcoins with or something. Or SETI, or just forget it.
Quadro FX vs NVS: I'd like to tinker with allowing a VM or 2 direct access to the GPU through the Hypervisor if possible. What's a decent card in say the $150-$200 range?
I plan on running a few VM's to brush up some skills, tinker, etc. Specifically I could use more experience in setting up a Hyper-V cluster. So maybe VM inception with 2 Hyper-V controllers? I've also never deployed a RADIUS server before, so I would like to do that with my SonicWall NSA220 and 3 Sonicpoints that I have laying around. (Working pulls replaced by a RUCKUS system).
I'm trying to keep costs under $1,000 and finish the build over 3-4 months as I set money aside from each paycheck.
Thanks in advance for your advice, answers, comments, etc.
submitted by Temetka to homelab [link] [comments]

How To Earn Passive Income with your CPU and GPU ... Best Bang For Buck GPU Mining Rig Build Guide 2019 - Mine ... Mining on a $10,000 Tesla P40 GPU - YouTube CPU MINING 2020 - Who's #1? - YouTube Mining on a $15,000 Tesla v100 - YouTube

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How To Earn Passive Income with your CPU and GPU ...

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