GPU Mining [shitpost] MEANWHILE at AMD..

[shitpost] MEANWHILE at AMD..
The economics of a GPU-based mining operation at a micro level - how does it work for you?
Crypto projects and charitable giving (Binance, ResDEX, etc)
Anyone mining Arionum? What's the hashrate on gpus?

Posted: 21 Dec 2018 01:58 PM PST

submitted by /u/GNU_Yorker
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The economics of a GPU-based mining operation at a micro level - how does it work for you?

Posted: 21 Dec 2018 01:03 PM PST

I'm fascinated by cryptocurrency mining and while I'm not likely going to get into it myself I am very interested in the economics of how it works at a micro level, particularly for GPU miners.

Presumably you have a source of electricity that costs $X and a rig capable of turning $X of electricity into $Y of crypto (hopefully Y > X). What % of that $Y of crypto would you say typically needs to be sold back into local currency to pay for electricity the next month? Versus HODLing the crypto? My guess is this might also depend on market sentiment -- am I right?

And if miners do need to sell, how do they go about doing that? Seems like if a bunch of miners were constantly dumping on exchanges it would create a lot of downward price pressure.... is that happening? Are there some exchanges that are better for this purpose than others?

And last question to anyone kind enough to read my post -- do your rigs live in your house or office, or do you have them in some remote location with cheaper electricity costs?

Thank you so much in advance, any help at all in understanding this better would be so very much appreciated!

submitted by /u/thejvexperience
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Crypto projects and charitable giving (Binance, ResDEX, etc)

Posted: 21 Dec 2018 12:44 PM PST

We have seen in the last ten years the emergence of the corporate social responsibility trend, where large companies incorporate various forms of charitable giving as part of their business model. Are we likely to see this trend emerge among crypto companies as well? It still seems a bit early to say, with perhaps a majority of crypto projects just trying to stay afloat during this brutal bear market. But I have seen at least a couple of projects attempting to do this:

-Binance now donates its listing fees to its own charity (perhaps dubious, to be fair).

-Resistance DEX will introduce new proof-of-research concept, where a portion of the computing power used to mine its blockchain's native token will be donated to BOINC for the advancement of various scientific causes.

Right now you can help mine for Rosetta and World Community Grid. Helping in research for Zika Virus to Cancer Studies. I believe you'll be earning a placeholder which will reward you when it goes Live but i'm waiting for an announcement before doing that. But once it is live , 50% of rewards do go to the BOINC projects.

https://www.respool.io/project/poolStats

Do you have other examples of projects that are doing this or plan on doing this? Is this a trend that is likely to continue to grow?

submitted by /u/AnchorEdward
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Anyone mining Arionum? What's the hashrate on gpus?

Posted: 21 Dec 2018 10:26 AM PST

Stumbled across this while browsing cpu only coin that added gpu's beginning of this month it seems like.

Anyone try it? Is it nvidia or amd favorable?

submitted by /u/Dudebythepool
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