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Brain Genius Submerges His Bitcoin Mining Rig In A Giant Vat Of Oil

Brain Genius Submerges His Bitcoin Mining Rig In A Giant Vat Of Oil

Brain Genius Submerges His Bitcoin Mining Rig in a Giant Vat of Oil The immersion-cooled Bitcoin mining rig cost about $120,000 to make and looks like something straight out of Stargate. At the core of most cryptocurrency networks are miners, the people who use specialized computer equipment to secure the cryptocurrencys blockchain by performing mathematical equations millions of times per second. In exchange for this computing power, and the electricity it takes to run the computer, these miners are rewarded in cryptocurrency proportionate to their contribution to the network. Given the high cost of electricity in many places and the computing equipment it takes to mine, it makes sense that miners try to maximize their return in any way possible. This has resulted in some creative approaches to cryptocurrency miningincluding running a mining rig in the back of a Tesla , setting up a wind-powered rig in a field , using your own breath to run a mining rig , and even a mining rig that harvests human body heat but the immersion cooled rig from Reddit user Limping-Zebra takes the cake, at least as far as cool factor goes. As detailed in a Reddit post on r/Bitcoin, Limping-Zebra managed to create a Bitcoin mining rig consisting of 36 ASICs (a specialized chip that in this case can only be used to mine Bitcoin) that are all immersed in a tank of oil. ASICs can get extremely hot while theyre running, and if you put a bunch of them together the heat can quickly damage the chips. To address this problem, Limping-Zebra adapted an obscure cooling trick for immersion-cooled PCs and servers for their Bitcoin miners. On each of the 36 ASICs in the tank, the fans are reversed so that cooler oil from the bottom of the tank is sucked up toward the top of the tank in a cycle meant to op Continue reading >>

Bitcoin Stolen In Hack On Nicehash Cryptocurrency Mining Marketplace

Bitcoin Stolen In Hack On Nicehash Cryptocurrency Mining Marketplace

NiceHash said in a statement it was "investigating the nature of the incident," and that it would close down its site for a day. "We are working to verify the precise number of BTC (bitcoin) taken," the company said. "Clearly, this is a matter of deep concern and we are working hard to rectify the matter in the coming days.In addition to undertaking our own investigation, the incident has been reported to the relevant authorities and law enforcement and we are co-operating with them as a matter of urgency." While NiceHash was unable to specify how much bitcoin had been stolen, users have pointed to a bitcoin wallet which holds 4,736.42 bitcoins equivalent to $68 million. Andrej P. kraba, head of marketing at the firm, confirmed to news agency Reuters that around 4,700 bitcoins worth roughly $68 million at current prices were lost in the hack. CNBC reached out to NiceHash Chief Executive Marko Kobal for comment but he was not available at the time of publication. This wouldn't be the first time people have lost millions in cryptocurrency. In November, millions of dollars worth of Ethereum were "accidentally" frozen on the cryptocurrency wallet provider Parity after a user "suicided" the wallet, deleting its code and freezing all ether tokens contained within. WATCH: Six ways to protect your bitcoin and ethereum investments from hackers Continue reading >>

Ethereum

Ethereum

use the following search parameters to narrow your results: include (or exclude) results marked as NSFW Welcome to r/Ethereum , the front page of the Web 3. No inappropriate behavior. This includes, but is not limited to: personal attacks, threats of violence, gossip, slurs of any kind, posting people's private information. Keep price discussion and market talk, memes & exchanges to subreddits such as /r/ethtrader Keep plain ICO advertisements to subreddits such as r/ethinvestor . Keep mining discussion to subreddits such as /r/EtherMining . No creating multiple accounts to get around Reddit rules. English language only. Please provide accurate translations where appropriate. Posts and comments must be made from an account at least 10 days old with a minimum of 20 comment karma. Exceptions may be made on a discretionary basis. Continue reading >>

Ethermining

Ethermining

This is our official in-depth guide to mining across Windows, Linux, and ethOS. Please take a glance if you are new and have basic mining questions. Use of this site constitutes acceptance of our User Agreement and Privacy Policy . 2017 reddit inc. All rights reserved. REDDIT and the ALIEN Logo are registered trademarks of reddit inc. Rendered by PID 113022 on app-239 at 2017-12-14 09:04:44.521872+00:00 running 23f3124 country code: US. Continue reading >>

Gpu Mining - Ethereum, Z-coins And Other Alt-currency Mining

Gpu Mining - Ethereum, Z-coins And Other Alt-currency Mining

Be specific with your title. Posts with titles such as "Mining Advice" or "ASUS GTX1070?" will be removed. Please retitle. Asking about general ROI / "Is Mining Worth It?" posts will be removed unless it hasn't been asked in a while, generally a week or two, at the descretion of moderators. Same as #2 for asking general "What Should I Mine?" See sidebar for links, including profitability calculator(s). Novice troubleshooting questions should first consult the sidebar, notably the many guides and the EtherMining WIKI link first. If your question is easily answered there then your question will be removed. All troubleshooting questions must include your pertinent rig information, including but not limited to these 7 factors: GPU, mobo, PSU, OS, risers, mining software, overclocking specs. No selling of your used equipment is permitted. See Simple Questions Thread. Do not just post a list of components asking for suggestions. Do not just give a budget asking for suggestions. If you are promoting a certain website, coin, pool, etc and have affiliation with that product, please disclose it. You will otherwise be banned for supposed shilling at the descretion of moderators. Please do your own legwork before looking for handouts. We are a helpful community but are not the place for hand-holding new miners through every step of the process. See the multitude of intro guides for that. Similarly, simple questions belong in the "Simple Questions" monthly thread. As always, keep posts professional and civil. Extensive trolling, profanities and trash posts will not be tolerated. Continue reading >>

 Hana-

Hana-

HANA- HANA- HANA- HANA- HANA- HANA- HANA- IMM-026 _, 5 , IM3502,/GR47-1363300,! 10 NO8/, //76cm34cm/, HANA-,9 ,150 115cm B355, CHOCOA ,() UCT-400PK (4110-089) , 6 , , , + + Kodue Hibino 26%offBW,UCHINO 8810B567 50100,kasanete() 05003 050038, HANA-, CROIS/ , , (3580cm) 1-60623-31-OW, HANA-,///&/ / / / / ///, NA-401_, ,500OFF 3/27 0959 3050cm marimekko UNIKKO SOLID YDKG-sHLS_DURCP,40%off3/29,3 / , [DS-3505][596243], 2 KF3020, - , ,(SALE) 3580cm , 2P, 33100cm 23170,2017fufumonoform 25x25cm, RCP20170324 20P03Sep16, 67cm135cm/ // _YDKG-kdRCP_ /, SALEIIPSP2000+ (SONY PSP-2000)+ 1-Apr P 1-May P 1-Jun PP2-005 , & TKY1009801 | | , /HAREstyle///, (2728) 2017 [], ,DGA (DIAMOND ARE FOREVER)156cm76.5cmMarilyn Monroe , MM-8530,___OK, () 116100cm, HANA-, , 21000 , , 24[ ()], (G311) 180 , SALEISMMH 600ml ,10 / 3480cm /100//towel/14sbn, (),Shinzi Katoh ___OK, , 33100cm,oh Dear Wander Land , 200 , 2 8333.5 , NSSA #NS-72J/DANCE/////// // , HANA-,(112) RTK118, BUHI RCP10P09Jan16 Yep_100,anano cafe AC. 1mon seuilFS,Kipling K16649-C50 Oriental Pr FA BEACH TOWEL/ , ,F/CE.//FICOUTURET.F BIG TOWELT.F, materi , 15001980, Kappa KP-185 34110cm , 651-273,CU () 20, wtgm , [] Continue reading >>

Mining Ethereum On Ubuntu With A Gtx 1070

Mining Ethereum On Ubuntu With A Gtx 1070

Mining Ethereum on Ubuntu with a GTX 1070 This article originally appeared on Joshua Powers blog Ethereum has appeared more and more in the news and rightfully so. Ethereum recently set another transaction record of 400,000 transactions in a single day . Then the recent drama of the Bitcoin split has caused even more attention to Ethereum as an alternative. If you are unfamiliar with other Blockchain or Ethereum check out the following articles: I thought it would be interesting to see what it takes to mine Ethereum. Ethereum is another crypto currency, similar to bitcoin. Before starting if you are unfamiliar with either cryptocurrencies in general or ethereum consider reading the articles below. My post is not meant to be an overview of either, but rather how I got mining Ethereum going on Ubuntu. Currently there does not appear to be any Ethereum packages in the Ubuntu archive. However, there is a PPA for Ethereum that is available for all supported releases of Ubuntu. Inside is a package called etherum, which is a metapackage to install all the relevant software. Both the PPA and package can be installed via the following: ~ sudo add-apt-repository ppa:ethereum/ethereum -y~ sudo apt update~ sudo apt install ethereum -y Once installed the next step is to get a wallet address. You can create this by using geth, which is a go-lang based ethereum command line interface. Geth will ask you to create a passphrase, which you must use and not forget. ~ geth account new WARN [08-13|16:57:51] No etherbase set and no accounts found as default Your new account is locked with a password. Please give a password. Do not forget this password. Passphrase: Repeat passphrase: Address: {6d28522f27971cf42efa6d100576b1b34fc63188} The value printed as the address is your personal wallet a Continue reading >>

Ethereum Mining Still Wort It In 2018? : Bitcoinmining

Ethereum Mining Still Wort It In 2018? : Bitcoinmining

WARNING: THINKING OF CLOUD MINING? DON'T! Click the "report" link. It's just below the submission or comment body. AutoModerator will clean it up in no time! READ THESE SCARY STORIES FIRST! (us mods tell them to our kids around the campfire) How to get a refund via PayPal for your Pre-Ordered mining equipment? No "FOR SALE" posts. Feel free to hawk your wares in our sister subreddit /r/BitMarket - this means no goup buys as well. As common as it is in Bitcoin Mining, it is far to risky to be carried out over reddit. No verbal abuse. If you don't have anything nice to say, it's best not to say anything at all. Remember, we were all newbies once. Mining isn't exactly a trivial venture. No Referral Links. No Amazon/eBay referral links. No mining pool referral links. No mining contract referral links. No referral links, period. No Promoting New Alt Coins. If there is a new alt coin out, this is not the place to discuss or promote it. If you have questions about mining that alt coin, feel free to ask away! No short-URLs. Nobody should have to trust you before clicking on a link. URL-shortener services serve no use on Reddit as there is nothing restricting the size of your comment string. No begging. Do not ask for other people to mine for your address. Do not beg for donations simply for lending a helping hand. Anybody caught violating the rules will be banned on sight. If you notice somebody abusing the subreddit rules, please message the moderators with the permalink in question. All members of the BitcoinMining subreddit are expected to read and follow the Official Reddit Rules as well as the informal Reddiquette guidelines . Likewise, all moderators of this subreddit do follow the Modiquette . Continue reading >>

Just Bought $62k Worth Of Gpu To Start Mining Ether :d : Ethermining

Just Bought $62k Worth Of Gpu To Start Mining Ether :d : Ethermining

Over clocking, undervolting, adjusting memory timing. The net result is a card the runs cooler, draws less power, and hashes faster than stock. Whether or not the large farms do it is another question. Doing this adds a significant time investment not only setting up the card to be stable, but also in managing and tracking which card overclocks to what. It's easier on Radeons because once you figure out the best settings you can flash that into the bios without having to dick around with software. In some of the videos of mining farms that I've seen, they briefly show/mention small test rigs where they COULD do this, but they rarely mention if they actually do it. I don't see how a card that runs stable, cooler than stock, and at a constant temperature would be any more damaged than one that idles at 35C, games for 4hrs at 70-80C, and then returns to idle. Heat cycles kill electronic components. That's why accelerated lifecycle testing involves heat cycling parts from below 0C to 80+C and back over the course of a few hours hundreds of times. Outside of cold solder issues (that plagued certain batches of old cards, regardless of use case), SATA cable fires, bricked BIOSs from bad flashes, and dead fans that weren't caught in time, I have never heard a miner complain about a card dying. Continue reading >>

Bitmain Ethereum Asic Miners Confirmed? - Gpumining

Bitmain Ethereum Asic Miners Confirmed? - Gpumining

I'm sure they will release them just in time for the switch to PoS. Maybe all the same guys who bought the X3 will also jump on this. I would imagine the Ethereum group will be watching what happens to Monero over the next few weeks. If it is successful, I believe it would best practice would be to fork. Also anxious to see what happens to Eth when PoS hits. Exciting times! I really just want gpu miners to have an avenue without worry of ASIC's or PoS That's pretty much what happens to GPU miners when POS hits. Yes. What's the VM size on these asics? Couldn't they just require a bigger DAG to invalidate the asics? My understanding is that they have a huge amount of RAM. But it's DDR3 so it's significantly slower. They could potentially change the way the algorithm interacts with the ram in order that faster Ram would be more beneficial. Did they spin up their own DDR3 fab? Just is it can be hard to get older tech like that. Ton's of address lines can make accessing easier, so you could parallel access lots of different chips. Funny I been pointing out the fact that when rumors started about ethash asic, difficulty had been spiking. Got downvoted a bunch. Bitmain had been mining it for a couple months. They will announce soon ship out in June/July. Ethereum devs haven't done shit about it. Can't wait for ethereum to die, a-holes ignored the community and miners. Pos at 1000 coins is absolutely retarded, half a mil just to pos...... Stupid. They should just change algo a bit and develop a masternode system. Poisoning the well doesn't actually work. It was just an idea in an early draft of the whitepaper. If there are Ethereum asics, they are already in operation. I'll borrow someone elses argument of. ... "Profit is down yet difficulty continues to increase." Didn't ethe Continue reading >>

An Efficientethereum Mining Guide Fornewbies

An Efficientethereum Mining Guide Fornewbies

An EfficientEthereum Mining Guide forNewbies Ethereum, the worlds second biggestcryptocurrency by market capital, exhibited massive growth in 2017, as its price increased by more than12,000%, rising from$7 inJanuray, 2017 toaround $860 towards the end of 2017.Interestingly enough,cryptocurrency enthusiasts and technical analysts believe that Ethereum has the potential to grow even more than $1350 in 2018. As such, Ethereum would be a great coin to mine in 2018, especially fornewbies, given the fact that it is ASIC resistant, so you can mine it with your CPU or even better, with a GPU mining rig. Throughout this article, we will take a look at the best mining hardware available today for mining Ethereum. We will also present you with the best Ethereum mining pools. The Best Equipment to Create aTop NotchEthereum Mining Rig: To set-up an efficient Ethereum mining rigI recommend using the following equipment: (Note: the models of equipment presented here are just examples that have been proven to be efficient as per the authors experience.) 1-Power supply: Get a Corsair CP-9020139-NA HX1000 1000W 80 Plus Platinum High Performance Power Supply. If you dont want to use Corsairs power supply, choose another model but make sure it hasapower of at least 1000 Watts, so that it can efficiently power the graphic cards of yourethereummining rig. 2-Motherboard:Get an ASUS PRIME Z270-P LGA1151 DDR4 USB 3.0 motherboard. If it is out of stock, make sure to purchase a motherboard that is compatible with deployment of 6 graphic cards. 3-CPU: Get an Intel Dual Core G3900 2.8 GHz 2M Cache CPU . You dont need a more powerful CPU. If you go for another CPU model, just make sure that it is compatible with your motherboard. 4-6 Graphic cards: Get 6 GigabyteGeForce GTX 1080 G1 Gaming GigabyteG Continue reading >>

Index - Ethermining

Index - Ethermining

This is our official in-depth guide to mining across Windows, Linux, and ethOS. Please take a glance if you are new and have basic mining questions. Welcome to /u/Robbbbbbbbb 's basic introduction on mining. In this guide, you will learn how to start mining from scratch. This is meant to help cut out on new miners asking repeat, basic questions. I have derived a lot of the information in this guide from questions I've seen around the subreddit. There will likely be information which people disagree with (and that's okay), and that can be discussed and changed based on best practices and advice from the community. Remember, this guide is meant to help understand the basic fundamentals of mining and is not to be viewed as an advanced guide for seasoned users. For full transparency, there are Amazon affiliate links in this wiki when linking to products. This will help to provide incentive to upkeep the wiki, as well as provide contests and other incentives to the community without you having to tip or do anything else. For any details, please PM /u/Robbbbbbbbb for any questions you might have. First community giveaway completed 6/20/17 For someone new, this guide is best read from start to finish, in that order. If this guide has helped you, please consider a donation: ZCash: t1XQGkMkUA9cQQR1nz5CMLcVZimwBnKpBms ## **Ethereum Mining 101**> Welcome to /u/Robbbbbbbbb's basic introduction on mining.In this guide, you will learn how to start mining from scratch. This is meant to help cut out on new miners asking repeat, basic questions. I have derived a lot of the information in this guide from questions I've seen around the subreddit. There will likely be information which people disagree with (and that's okay), and that can be discussed and changed based on best practices an Continue reading >>

Solo Vs Pool Mining With A Gpu

Solo Vs Pool Mining With A Gpu

Currently I'm using 1 r9 380 card with 20 MH. I've only been mining for 3 days straight (72hours). I used the Mining Calculators from Etherscan and Cryptocompare. While these sites calculate it will take me approximately 1 month to solve a block for 5 Ether on this single card, with the exponential rate of difficulty increasing is it futile to mine solo? Should I just jump into the adult swim (mining pool) for at minimum some payout in finney? Or should I expect some finney payout in my 20 mh solo mining efforts at least once a week if not daily? Basically I'll never see a single amount in my wallet , not even a penny ('finney') because the pools collectively out pace a 20 mh card (or even a 45mh rate for that matter if I added crossfire). To answer my question please also include the 'reward' process for solo mining. These calculators are not descriptive enough and I have yet to find a Q&A to this delimma. short answer too, that will take the exact opposite stance as @nicolas-massart ;) in the long run you'll be always better off mining solo, ever because you get uncles and pay no fees pool mining reduces your variance, period. this reddit post is quite interesting, it's basically @vitalik-buterin asking as to why people mine in pools. It's not true for all pools but most of them don't pay you uncles : that substracts to your gains.It's almost true for all pools, there is a fee that substracts to your gains too This reddit post is full of useful information and documented with tacit knowledge. Every novice should read this for sure. 01infiniti May 31 '16 at 17:06 Yes but this is not very clear if pool or solo wins... except for decentralization (but I guess most miners are mining for money before any other reason). Nicolas Massart Aug 16 at 7:38 Short answer : don't t Continue reading >>

Ethereum Mining Switching From Zcl : Miningpoolhub

Ethereum Mining Switching From Zcl : Miningpoolhub

This sub is strictly focused on mining on the MiningPoolHub service. Do not violate any of Reddit's site wide rules. This sub is dedicated to MiningPoolHub's service and nothing else. If you are beginning to get into mining, go to r/gpumining as a great place to get started. Make your title in posts specific (e.g. How do I setup auto exchange? or My rig has 6 different GPUs, will MultiPoolMiner work on it?). No spamming or selling equipment, or anything else for that matter. If you want to discuss specific coins, please go to the sub that discusses it. The concise answer to this question, is that NiceHash (NH) has a 4% fee for those who don't use NH wallets and has a higher payout of .01 to external wallets and .001 to NH wallets in Bitcoin. NH only pays you for your hashing power, so you aren't technically mining any specific coin for yourself, but relying on a market where people pay you and others for your hashing power. The advantage of NH is that you have an easy to use GUI interface that takes care of benchmarking and auto-switching algorithms that are the most profitable for your hardware. It's the best to use for new miners and those who are too lazy to research what are the most profitable coins. You also get paid in Bitcoin. The disadvantage of NH, is the higher fees (4% vs. 0.9% (or 1.1% if you include the 0.2% fee for the auto-exchanger)) and higher payout requirements .01 BTC vs whatever the requirements are set for a given coin (e.g. 0.002 BTC minimum with a 0.0003 BTC transaction fee). You are also dependent on buyers for hashing power, so if your GPU doesn't have any profitable algorithms to offer hashing for or if there are no buyers of hashing power, you don't make money. The advantage of MPH is that you can mine whatever coin is the most profitable o Continue reading >>

5 Awesome Bitcoin Stories Shared By Redditors

5 Awesome Bitcoin Stories Shared By Redditors

5 Awesome Bitcoin stories shared by Redditors Last updated on October 13th, 2017 at 06:19 pm The internet is a great source of amazing stories, and Redditsr/Bitcoin is not an exception. Over the past few years, several Redditors and Bitcoiners took to the social platform to share their stories and experiencesaboutdiscovering, buying and selling cryptocurrency.Some of them won big, some of them lost a lot, but they all learned something. 1. Bitcoin as the cure for depression and anxiety A few years ago, Redditor Daurgothothwas depressed, anxious and borderline paranoid. A heavy interest in politics and economics combined with a public education will do that to people these days. All through the public education machine I wondered Why are they doing things this way? I mean it is the 21st century and we live in the richest country in the world. Then Bitcoin was born, but Daurgothoth didnt really understand the cryptocurrencys potential at the time. However, Bitcoin eventually conquered this Redditor: If you truly believe in the core principles of Bitcoin then the free market must be pretty darn important to you. If you believe like I do that the free market is the most powerful than there will be no need for violence of any kind. Our product is vastly superior to anything else on the market today and it can adapt as fast as we need it to, so we will win. This Bitcoiner then revealed he was planning to become fiat free by 1st January 2015. It is time for me to embrace plan B. Yesterday I announced my intention to completely cut myself off from the fiat money system by January 1st, 2015. I will get paid in Bitcoins, I will pay my bills in Bitcoins. I will invest in Bitcoins and I will secure my own Bitcoin investments. I first got in to Bitcoin in 2012. One Bitcoin was wort Continue reading >>

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