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Other Graphics Cards and 3D Technologies Discussion forum for any graphics hardware not provided by AMD/ATI. Also place to discuss 3D technologies such as 3D Stereo, PhysX and other interesting developments/rumours in the 3D industry.

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Old Mar 4, 2021, 07:48 PM   #1801
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Riptide
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Quote:
Originally Posted by KAC View Post
63 MH is about same as my 3070
Right GDDR6 only takes you so far and ETH, which is what you and everyone else on nicehash mines right now, is memory intensive.
Quote:
Originally Posted by Leprechaun View Post
There's conflux, Ravencoin, vertcoin, but all still less profitable than eth at the moment..that will change once it goes proof of stake.
Correct, however, those were not as profitable to mine any time recently as the latest run on ETH has been. If they had been as profitable as ETH is currently then we would've seen a boom in mining before now. We didn't, because they didn't make anywhere near the daily profit margin. Things had been fairly quiet for a while.
Quote:
Originally Posted by SirBaron View Post
Isn't most of the profit on nicehash from etherium?thats all i see when its ever mining.
Correct.
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Old Mar 4, 2021, 10:39 PM   #1802
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You guys should trying staking if you haven't already. Outside of Tezos there aren't a lot of good current options IMO, but it'll probably become far more common when ETH goes to PoS.

It has no need for mining hardware and you can still gain money. It's like making variable interest by having money in an account. Can even do it on a cold wallet.
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Old Mar 5, 2021, 12:19 AM   #1803
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Originally Posted by curio View Post
You guys should trying staking if you haven't already. Outside of Tezos there aren't a lot of good current options IMO, but it'll probably become far more common when ETH goes to PoS.

It has no need for mining hardware and you can still gain money. It's like making variable interest by having money in an account. Can even do it on a cold wallet.
I'll be staking my load of ADA I think. They let you move/sell your ADA and it's not locked in
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Old Mar 5, 2021, 12:22 AM   #1804
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Wtf is staking? Nubs guide?
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Old Mar 5, 2021, 09:16 AM   #1805
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Quote:
Originally Posted by KAC View Post
Wtf is staking? Nubs guide?
So in a nutshell, transactions for crypto is performed by one of two methods: Proof of Work or Proof of Stake


Proof of Work = miners that crunch calculations to validate transactions - and the miner is rewarded for doing so

Proof of Stake = users 'stake' their crypto to the network (ie hold crypto in a wallet for a period of time without being able to use/move it) and by using some kind of magic, the network nodes use that staked crypto to validate transactions and secure the network - and the staker is rewarded for doing so


PoS uses a lot less electricity and doesn't require nearly the same amount of computing power like PoW does. Basically instead of mining, you just stake the crypto to the network for a period of time and you make a variable interest rate return. Currently, most crypto is PoW but that's going to change.
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Old Mar 5, 2021, 09:20 AM   #1806
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How can I stake? Which website/exchange/program?
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Old Mar 5, 2021, 09:22 AM   #1807
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You can do it on Coinbase:

https://www.coinbase.com/staking

I believe the waitlist signup for Ethereum 2.0 staking just started
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Old Mar 5, 2021, 09:24 AM   #1808
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Quote:
Originally Posted by Leprechaun View Post
I'll be staking my load of ADA I think. They let you move/sell your ADA and it's not locked in
That's pretty sweet actually
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Old Mar 5, 2021, 03:11 PM   #1809
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Quote:
Originally Posted by KAC View Post
Wtf is staking? Nubs guide?
From one nub to another:
Proof of Work --> miners do fancy math calculations/problems. The miner that solves the problem first is the winner and reserves the right to mint the next coin and/or wins the right to write the next block/transaction onto the ledger aka blockchain.

Proof of stake (or mmm steak) --> You stake your coins. I see this as leaving your money or in this case crypto coins locked in. You receive a certain interest on those coins over a certain period. ie: leave them in for a year and they'll give you say 7% interest after a year. The interest is usually paid in that same crypto instead of fiat. So essentially new coins are made from or rewarded to the people who already have the coins. So the rich get richer. This encourages people to hold onto their coins and give it value as opposed to treating it like your mom and tossing it around selling/buying/trading. (I also assume more funding left in the certain coin/token/whatever gives the devs more resources to make it better. Also, should help improve security with more peeps taking part.

As far as staking the coins goes ---> you can delegate which means you're letting someone else do the techie work of having a node open (fancy computer equipment and bandwidth). Plus whatever configuration and software is required to do the work of the node.
--> You can also act as a node yourself where you're an uber nerd and somehow have incredible knowledge of how to set all this up. Take other ppls coins and stake them all for a lot of people. The problem is you need uber smarts on setting this up, you need 24/7 100% uptime, you can't configure it wrong. If you have it wrongly configured and spit out errors everywhere not only will you not get any interest from staking, you might actually be penalized. I think they would even remove you as a node.

ie: To stake etherem (soon) you'll need 32 ETH. Easy to acquire if you have like $50k+ sitting around. These people will collect potentially insane interest and just get richer. (Assuming the ethereum network keeps growing). It will most likely grow, too many projects going 'round. You're locked in for I think 6 months, 1 year or longer. You can't take the ETH out though until the staking period is done. I'm not sure if you have to give up your wallet key though? You can however join a group of peeps and make up 32 eth and join together in a pool.

ie: Cardano (ADA) staking looks better here. You can stake any amount of ADA for any amount of time, can trade/pull out your ADA at any moment, without penalties. Also, you do NOT have to give up your keys if you delegate to a pool.
Plus Cardano to me seems like Ethereum V3.0. It seems to fix all the eth problems like high gas prices and slowing network., etc. (...and overall more dapps more potential and more techie stuff that I couldn't possibly understand after reading it 10x).

There's actually other forms of minting new coins besides PoW and PoS and I can't remember them and they are weird.

This is pretty much what my noob brain has gathered thus far

edit: forgot ADA links for staking:
https://cardano.org/calculator/?calculator=operator
https://cardano.org/stake-pool-delegation/
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Old Yesterday, 01:14 AM   #1810
Riptide
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Quote:
Originally Posted by Leprechaun View Post
ie: To stake etherem (soon) you'll need 32 ETH. Easy to acquire if you have like $50k+ sitting around.
ETH POS = plutocracy
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Old Yesterday, 10:10 AM   #1811
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lol one has to be rich to play with ETH even with PoW - fees & gas prices are ridiculous

Seriously though 32ETH min is a ton
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Old Yesterday, 10:01 PM   #1812
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New ads I came across locally. A dude looking for 100 3080s willing to pay 1770 each.
A dude selling 35 3070s at 1457 each.

Pretty sure both will get what they are looking for.

I have been mining now for a month on a 3070. Doesn’t seem like a fruitful enterprise. Some days I am making only 4-5 bucks. At this rate how does a 1457 graphics card justify itself?
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