Alternative Cryptocurrencies (General Discussion & Trading)

srothman said:
I would love to get in on Eth, but can't decide if I would want to just invest $$$ and buy some, vs. upgrading my GPU try the mining game. Not sure how feasible that still is from a cost/profit perspective.
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Personal opinion, and this is just me, I think if you're not going to go all out with a 4 GPU mining rig which will set you back more than R25k, then investing in it is much better in terms of growth and is more convenient.
 
I'm of that exact opinion, to be honest. I'll use my mediocre GPU to mine easier coins when they first hit the market, but for stuff like this, probably better to go the invest route.
 
Africaner said:
The times of making money by mining coins is over. You'll barely pay the electricity bill. A few years ago it was much better.
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3 years later and I've made nearly double the value of my graphics card in less than 3 months.
 
Can you elaborate on what card, and how/what you mine?
Do you have a mining rig as such, or just using your "general" GPU to mine?
 
Would investing in an RX460 (4GB) be worth it? I'm using a HD785OC at the moment.
Will I be able to utilize both cards somehow?
Not in Crossfire or anything, obviously, but dedicate one card to one instance of claymore and one to another?
Yes, I am a muppet when it comes to this :)
 
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Idiosyncratic said:
Personal opinion, and this is just me, I think if you're not going to go all out with a 4 GPU mining rig which will set you back more than R25k, then investing in it is much better in terms of growth and is more convenient.
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I'm in two minds about this. Yes, I think purchasing currency directly can lead to quicker growth.

However, the reason I like GPU mining, even if you don't have a 4 GPU rig, is that you own the means of production. You generate more coins. And, if you are a gamer like me, your hobby pays for itself.

I do think that if you are GPU mining, you have to keep informed about trends in terms of what is profitable to mine and what is not. And, I also think it would be worthwhile doing speculative mining, where you mine a currency that is not worth much at the moment, because the difficulty will be lower and you will mine far more coins. If it ever suddenly increases in value, you can make a killing for relatively little investment.
 
Original Srothman:


Thoughts on Ripple?



proof of stake i believe, no mining, market cap has increased but i dont understand what that means.
I have heard even if market cap is big it doesnt mean the coin does well.
Have you looked at bitsend?
 
Originally Posted by Idiosyncratic View Post
Personal opinion, and this is just me, I think if you're not going to go all out with a 4 GPU mining rig which will set you back more than R25k, then investing in it is much better in terms of growth and is more convenient.

Ancalagon said:
I'm in two minds about this. Yes, I think purchasing currency directly can lead to quicker growth.

However, the reason I like GPU mining, even if you don't have a 4 GPU rig, is that you own the means of production. You generate more coins. And, if you are a gamer like me, your hobby pays for itself.

I do think that if you are GPU mining, you have to keep informed about trends in terms of what is profitable to mine and what is not. And, I also think it would be worthwhile doing speculative mining, where you mine a currency that is not worth much at the moment, because the difficulty will be lower and you will mine far more coins. If it ever suddenly increases in value, you can make a killing for relatively little investment.
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25k gee that a ridiculous amount, i am not sure why computer parts are so dam expensive here the guys like to rape us seriously.
PSUs are expensive motherboards and cpus , insane, even graphics cards.

Ill stick with my LGA 775 and use to RX470's
Maybe later i can get a basic i3 and new lga 1151 board , ill see.

I just reckon to spend so much is good because u have to , to make the bucks back right?
but i dont understand why the computer suppliers here up the prices so much, and forever bringing the rand dollar excuse to the table.
Its not always the case
 
RX570 Asus Expedition OC versus Gigabyte Gaming, for Gaming/Modelling/Mining/Space Simulation?
which is a better choice in terms of heat and performance and wear and tear.
 
I bought a couple of ethers and wanted to send them from Lykke to MyEther Wallet. It has been over an how now and the Lykke says "chain in process". It is so annoying. I thought ether and Lykke would be faster compared to bitcoin.

Edit: How long does it normally take you guys to send ether from your online wallet to MyEtherWallet? If you've done it before?
 
Sly21C said:
I bought a couple of ethers and wanted to send them from Lykke to MyEther Wallet. It has been over an how now and the Lykke says "chain in process". It is so annoying. I thought ether and Lykke would be faster compared to bitcoin.

Edit: How long does it normally take you guys to send ether from your online wallet to MyEtherWallet? If you've done it before?
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I used ShapeShift earlier via Exodus wallet, still ‘Awaiting Exchange’ and been several hours already.
 
Fulcrum29 said:
I used ShapeShift earlier via Exodus wallet, still ‘Awaiting Exchange’ and been several hours already.
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This block chain thing is becoming annoying, almost as bad as traditional banks.

Very unfortunate.

I sent some bitcoins to Lykke for the sole purpose of exchanging them for etherium. The process took about 10 minutes to go from Luno to Lykke. But now it's been more than an hour waiting for Lykke to finish withdrawing and transferring to MyEthetWallet. I don't know if the issue is with the etherium network? Or Lykke?

The reason I want ether on myetherwallet is so I could participate in at least one or two ICOs. I've been advised to never transfer ether from an exchange.
 
Hamster said:
?
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Cat caught your tongue?

It's because when you send an ether to an ICO company, they may require your product key. So if you send from an exchange, you won't be able to since the exchange has your product key.
 
Sly21C said:
I bought a couple of ethers and wanted to send them from Lykke to MyEther Wallet. It has been over an how now and the Lykke says "chain in process". It is so annoying. I thought ether and Lykke would be faster compared to bitcoin.

Edit: How long does it normally take you guys to send ether from your online wallet to MyEtherWallet? If you've done it before?
Click to expand...
An ICO (Bancor) sale started this afternoon, which is probably why the ETH network is slow.
 
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