Ethereum

Thargor · 29-11-2017 4:40pm

Giving up all its gains now, maybe just because of meltdown on the exchanges...

Try again tomorrow, I seriously doubt that will be the last ATH it ever sets.

unkel · 30-11-2017 1:11pm

Wow that's some drop. €430 to €340 in just a few hours! Hope you HODLers have sold out (but I bet you haven't)

I have zero ETH, won't buy any until it drops a lot more. But the mining is going very well these days

Grumpypants · 30-11-2017 1:27pm

Holding since it was €5, so even at 340 i'm way up.

I've never panic sold since i started and it has served me well. I've watched plenty of others cash out to take small short term gains only to lose big time in the long run.

I've yet to meet someone who has traded their way to riches.

Thargor · 30-11-2017 1:35pm

unkel wrote: »

Wow that's some drop. €430 to €340 in just a few hours! Hope you HODLers have sold out (but I bet you haven't)

I have zero ETH, won't buy any until it drops a lot more. But the mining is going very well these days

375 now and heading back up, I don't see any Sell signals on that graph anyway, it was €250 three weeks ago! Are you not regretting dumping everything you mine?

unkel · 30-11-2017 1:47pm

Of course there is always regret if you sell and then it goes up!

But it's too volatile for me to leave my money in. If it goes down a lot further, I'll buy some and / or hold my mined coin. And sell straight away once it's gone up a bit. Fair play to those people who mined BTC in 2009 with their laptop for a week or two and now have $10 million, but I've yet to meet someone who has HODLd their way to riches

Wizard! · 01-12-2017 11:10am

Is there any reliable mining tutorial for ETH ?

SkySter · 01-12-2017 12:52pm

Wizard! wrote: »

Is there any reliable mining tutorial for ETH ?

Nicehash provide an easy way into ETH mining. Not saying its necessarily the most profitable but it was a good way to learn the basics.

Wizard! · 01-12-2017 1:02pm

SkySter wrote: »

Not saying its necessarily the most profitable

Because?
High wallet fee, or low performance?

SkySter · 01-12-2017 2:00pm

Wizard! wrote: »

Because?
High wallet fee, or low performance?

Nicehash takes a benchmark of your GPU and runs the miner it thinks will generate the most profit. It cycles these every few minutes. The setting for the miner might not be as efficient as doing your own tweaks. It is a balance between miner control and ease of use. Nicehash also pays out in BTC regardless of what coins you mine. At the moment this is fine by me but again may not be what you want if you'd want to mine and hold ETH directly rather than buying the ETH with the payout.

SkySter · 01-12-2017 2:28pm

SkySter wrote: »

Nicehash takes a benchmark of your GPU and runs the miner it thinks will generate the most profit. It cycles these every few minutes. The setting for the miner might not be as efficient as doing your own tweaks. It is a balance between miner control and ease of use. Nicehash also pays out in BTC regardless of what coins you mine. At the moment this is fine by me but again may not be what you want if you'd want to mine and hold ETH directly rather than buying the ETH with the payout.

Forgot to add you can set Nicehash to run only one miner. I currently have it dual mining Ethereum and Decred using Claymore miner.

garrettod · 01-12-2017 7:42pm

Hi,

For those of you that are mining, are you using particularly powerful computers, or possibly a second machine just for mining purposes ?

I am struggling to believe that most bog standard PCs will ever achieve much, unless I'm badly mistaken.

Thanks

unkel · 02-12-2017 9:45pm

Nope, any old PC will do. I've a 10 year old mobo / cpu combo (conroe / core 2 duo) that can mine with the latest graphics cards. In fact if you build a dedicated mining rig and have to buy the parts new, it is generally recommended to use the cheapest (=slowest) celeron processor. You also need just 4GB of RAM (I've tried with 2GB (DDR2!!!) in above rig running Windows 10 and it still works fine too. I've 2 mining rigs running 24/7 and the older one is just my old PC (4th generation i5)

It's the graphics cards that do all the work. They need to be modern and high end. The oldest ones that still work very well are probably the R9 390 cards from around 2013/2014

unkel · 03-12-2017 12:42am

Nice earner too. Making about €25 revenue per day at the moment - paid out daily - with the high price of ETH. Electricity is free (just energy - fixed price contract for the year based on my last years usage, no matter how much I use this year

) and depreciation of the hardware about €5 per day worst case scenario. I'm not holding my mined coin, so I am actually making real money here. Opportunity costs of money of my investment in graphics cards is almost zero these days.

Thargor · 03-12-2017 12:49am

Have you fully paid off the initial hardware investment then? How long did that take?

pro_gnostic_8 · 03-12-2017 1:00pm

Two days ago, first generation Cryptokitties (on the Ethereum blockchain) were selling for around $30. This morning they are trading at $22,000 ( 48 Eth). One CryptoKitty has been sold for $110,000. :eek:
This CryptoKitties thing has turned into a mania since it was released on Nov 28th.
As usual, I'm late to the party so I won't be buying my own CryptoKitty now.

The first real dAPP on the Ethereum blockchain (after Etherdelta) ............. and it's virtual cats !

https://www.cryptokitties.co/marketplace?orderDirection=asc&sorting=old-first

Shauny2010 · 03-12-2017 4:27pm

Will all this mining equipment become redundant when ethereum switches to proof of stake?
At the moment I am mining Monero as it is the most profitable this month, but I'm only on a small scale, 1 X 1080 getting 2000hash plus 2 X Saphire 7770 getting 300hash

mickdw · 03-12-2017 5:22pm

What would electricity useage be roughly for mining with a basic setup?

unkel · 04-12-2017 1:43am

Thargor wrote: »

Have you fully paid off the initial hardware investment then? How long did that take?

God no, I only started mining a few weeks ago.

Shauny2010 wrote: »

Will all this mining equipment become redundant when ethereum switches to proof of stake?
At the moment I am mining Monero as it is the most profitable this month

You've answered your own question. When you can't mine ETH anymore, you can mine other coins. And if all coins would disappear overnight, you could just sell your expensive graphics cards to people who play games. Worst case scenario is the depreciation of the hardware (provided you sell your mined coin immediately when you get it and don't speculate with it)

mickdw wrote: »

What would electricity useage be roughly for mining with a basic setup?

A basic 6 gpu system would use roughly the guts of 1kW at the wall. You do get free heating in return though

I've currently got 13 gpus mining, heating 3 of the biggest rooms in my house for free. Saving at least a few hundred EUR in gas over the winter.

Benildus · 04-12-2017 9:20am

any chance the mining chat could go to the mining thread instead of this ethereum thread

Wizard! · 04-12-2017 10:15pm

Benildus wrote: »

any chance the mining chat could go to the mining thread instead of this ethereum thread

Which is...?

GreeBo · 05-12-2017 12:37am

Wizard! wrote: »

Which is...?

The one with the title of "Mining".

unkel · 07-12-2017 1:46am

Falling off a cliff now. Damn! Just the one time that I've been lazy in not selling my mined ETH for a few days combined with my pool being slow paying out...

I guess I could always HODL

PopePalpatine · 08-12-2017 10:42pm

I got worried when I saw your comment, then I checked the date.

Wombatman · 12-12-2017 12:17pm

Getting a nice bump today after a couple of sluggish weeks.

Probably down to the news today that Ethereum is being used as a base identity layer in conjunction with some of the larger banking giants out there which is a positive ratification of the technology.

Thargor · 12-12-2017 2:10pm

Action!

EagererBeaver · 12-12-2017 2:10pm

Really ploughing ahead now.

Thargor · 12-12-2017 3:44pm

500 EUR on Coinbase, all you have to do is hold...

Wombatman · 12-12-2017 4:02pm

Thargor wrote: »

500 EUR on Coinbase, all you have to do is hold...

€500 and €600 walls holding on gdax.

Thargor · 12-12-2017 4:05pm

€1000 is locked In now imo, within the first 6 months of 2018.

Sabre0001 · 12-12-2017 4:07pm

Thargor wrote: »

500 EUR on Coinbase, all you have to do is hold...

Can't get into Coinbase half the time so that's that taken care of

Wombatman · 12-12-2017 4:27pm

Wombatman wrote: »

€500 and €600 walls holding on gdax.

Both smashed. Wwweeeeeeeeee

JaCrispy · 12-12-2017 4:30pm

Ok I'm gonne resist temptation and hlod. I cashed out too soon on Litecoin and will refuse to make the same mistake again.

Duff Man Jr. · 12-12-2017 4:43pm

Wombatman wrote: »

Getting a nice bump today after a couple of sluggish weeks.

Probably down to the news today that Ethereum is being used as a base identity layer in conjunction with some of the larger banking giants out there which is a positive ratification of the technology.

The SEC basically just gave icos the thumbs up!

EagererBeaver · 12-12-2017 5:58pm

Wombatman wrote: »

Wombatman wrote: »

€500 and €600 walls holding on gdax.

Both smashed. Wwweeeeeeeeee

It hasn't gone near €600 yet so not sure how it was smashed.

Wombatman · 12-12-2017 6:15pm

EagererBeaver wrote: »

It hasn't gone near €600 yet so not sure how it was smashed.

Sorry that should have been €500 and $600. Coincidentally a wall point for both currencies.

Thargor · 12-12-2017 10:50pm

Theres a €60 difference between Kraken and Coinbase right now, wonder if thats a sign it will be correcting soon, Im holding anyway.

GreeBo · 12-12-2017 11:15pm

Thargor wrote: »

Theres a €60 difference between Kraken and Coinbase right now, wonder if thats a sign it will be correcting soon, Im holding anyway.

Guess it depends on which exchange is behind, the high one or the low one!

Thargor · 13-12-2017 12:04am

Holy sh1t this is getting serious now.

McCrack · 13-12-2017 12:05am

Yep overall market cap has passed half a trillion dollars

Wombatman · 13-12-2017 12:39am

Going up.......

Thargor · 13-12-2017 12:40am

Wombatman wrote: »

Sorry that should have been €500 and $600. Coincidentally a wall point for both currencies.

€600 gone on Coinbase now.

Thargor · 13-12-2017 1:13am

Currently a €90 difference between Coinbase and Kraken...

Tristram · 13-12-2017 1:24am

I've been unable to use Kraken effectively for the past 24 hours. Pain in the arse.

0gac3yjefb5sv7 · 13-12-2017 12:07pm

Long shot question but how high could people ever see ETH going say in 5/10 years? No one knows but fun to see what people think.

Grumpypants · 13-12-2017 12:10pm

Pheonix10 wrote: »

Long shot question but how high could people ever see ETH going say in 5/10 years? No one knows but fun to see what people think.

I was right in my over €500 for this year and I think it will reach 1K much faster. I'm thinking in the next two years it will close in on 5K. Especially since Bitcoin is setting new records.

5-10 years, I've no idea if Cryptos will even be around then or if they will have all been surpassed by something else.

Thargor · 13-12-2017 4:58pm

It will be a hard hold for me at 1000 Euro, that's life changing money, if house prices weren't so stupid I'd have sold already.

So weird watching ETH rocketing up like this.

GreeBo · 13-12-2017 5:02pm

Thargor wrote: »

It will be a hard hold for me at 1000 Euro, that's life changing money, if house prices weren't so stupid I'd have sold already.

So weird watching ETH rocketing up like this.

If its that large an amount, I'd be cashing in 50-75% and HODLing the rest of it as free money.

Or at least thats what I'd like to think I would do!
Come back to me in 2 years with IOTA has $1000 potential and I'll have worn the refresh button off every keyboard near me!

hots · 13-12-2017 5:05pm

GreeBo wrote: »

If its that large an amount, I'd be cashing in 50-75% and HODLing the rest of it as free money.

Or at least thats what I'd like to think I would do!
Come back to me in 2 years with IOTA has $1000 potential and I'll have worn the refresh button off every keyboard near me!

That's my plan, withdrawing my initial investment or a little more shortly at this rate and play with the rest...

Thargor · 18-12-2017 9:11pm

Jaysus had to go looking halfway down page 2 for this thread, ATH on a Monday evening not good enough for people anymore?

I think once $800 is breached people will just assume $1000 is locked in and it will be self-fulfilling.

Thargor · 18-12-2017 11:07pm

Here we go... will it hold?

Ethereum

Comments