Hackaday bitcoin

Mining Bitcoins In ATTiny

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Once the main computer was installed, each GPU was installed upwards in the rack, with each set having its own dedicated fan. After installing a fan controller and some plexiglass the rig was up and running, although [Chris] did have to finagle the software a little bit to get all of the GPUs to work properly. While this build did use some tools that might only be available at a makerspace, like a mill and a 3D printer, the hardware is still within reason with someone with a little cash burning a hole in their pockets.

And if you missed it, we just ran a feature on Etherium. This would artificially induce a Mining Crash on ethereum causing miners to abandon it for other coins thus bringing the difficulty back down to safer values. Is a good thing really. In a way Ethereum has a hard-cap in how much miners can earn from it so unless all the other coins suddenly become just as fast-growing as ethereum the Miners will be in for a nasty suprise.

I am also annoyed that GPU prices are where they are at the same time I am thinking of replacing my just-overyear-old GeForce GTX with something better something able to handle e.

They are saying Q4 or Q1 coming up there will be a release of newer cards that are more targeted for mining and cracking — headless in some cases. However, if this is the case — there will be many higher end cards available at better prices used for people that are going to upgrade their systems for gaming.

Keep your fingers crossed. No doubt, there are problems. I might argue the opposite though. And I did say used — but it should also open the market up for higher end cards new — that will be redefined as second tier with the new cards pushing them downward. If you look at the price of bit coin, I think you will understand why there is so much interest in it. A lot of the demand for bitcoin is that the transactions using it can easily be made untraceable, so its probably ideal for all sorts of shady dealings including tax dodging and money laundering.

Its possible that governments will eventually come up with some way to regulate it, but it might take a while a bit like how its taken so long to catch up with unregulated filesharing on the internet. The same goes for any attempt at seizing the funds, you have to actually steal them, there is no central authority to give an order to seize an account.

Something meant to run continuously. The thing would be to run it in the winter so you can use the otherwise waste heat. After all, a kilowatt of electricity will become a kilowatt of heat. What you want is a cryptocurrency mining device that you can control the wattage of so as to throttle the heat it produces. At least he will have something to heat the apartment during the winter.

And the rules for taxes depending on your State can be tricky too, since any currency mined will need to be declared as income. Then you run into the whole issue of fluctuating costs of crypto-currency during the year, and power costs. It can be tricky, since you need to power the motherboard, the risers from the motherboard, the drives, the cards themselves, and the cooling system. The power supply usually starts at watts for a small rig, and goes up from there. That can be a major problem.

In other words — there is a lot to consider if you are going to put one of these together to actually make money, and not spend it all on the build, so the motherboard needs to be balanced along with the cards and everything else. Here this is how I GOT hammered for not knowing. The good part is that it stimulates video card sales, so we will see better games faster. The bad part is that cryptocurrencies use a lot of energy without creating any real value.

It feels like a waste of energy. Bit-mining is, as far as I can tell of benefit only to the bit miner, while burning through natural resources for no sustainable gain. I build a free way. Lots of resources are used, and there is something of benefit to other people. I mine a bit coin. Lots of resources are used. But it seems to be a highly inflated value. So on one hand, since we as a society are okay with banks existing and turning profits for bankers, maybe we should be okay with cryptocurrency miners.

A large component of society is not okay with banks existing. Constant engineered booms and crashes do not encourage society to engage in active work and instead only concentrate wealth and power in the hands of those who accumulate passive income.

This would not be such a problem if banks were solvent but their profit model depends on insolvency and bailouts when, not if, it becomes unsustainable. As we know from Marxist theory- socialism is the intermediate condition between the fall of capitalism and the rise of communism.

Socialist economic systems can be divided into non-market and market forms. Non-market socialism involves the substitution of factor markets and money, with engineering and technical criteria, based on calculation performed in-kind, thereby producing an economic mechanism that functions according to different economic laws from those of capitalism.

There is no particular reason you need to use a bank. They have poor yields on savings accounts, and you can get much higher returns by investing the money yourself.

If you are concerned with loosing your savings, store it in a tangible manner paper money, gold, silver, bond certificates, or other transferable or trade-able merchandise in a secure location.

None of these cards will ever see a game in their life and many gamers on a tight budget have been forced to settle with less in regards of Graphics power as Miners are buying so many of the mid to high-range GPUs that there is simply not enough supply to answer demand causing prices to go up a LOT. Both AMD and Nvidia are not happy about it as right now these sales are not helping them Suppliers and retailers are benefiting from the markups, Not them nor the gaming industry.

No it is the opposite!! Ive been wanting to replace my older GPU and i am expected to pay hundreds more because of greedy miners descending on any supply of GPU like Locusts causing suppliers and retailers to drive up the prices to the extreme. Those new Vega64 for example?? I am pretty much pleased with your good work. You put really very helpful information.

I pretty much think the average user is locked out of Bitcoin mining now. You are commenting using your WordPress. You are commenting using your Twitter account. You are commenting using your Facebook account. Notify me of new comments via email. Notify me of new posts via email. This site uses Akismet to reduce spam. Learn how your comment data is processed.

By using our website and services, you expressly agree to the placement of our performance, functionality and advertising cookies. Is someone advertising for someone here sure seems like it 2 of the same thing in one week. Bet this could be done on a timer CD I use my Antminer S5 to keep warm in the winter and get some coins out of it.

Printing money and stamping coins takes resources too. Which one take the most? Honestly as a Gamer i despise the mining craze. Leave a Reply Cancel reply Enter your comment here Fill in your details below or click an icon to log in: Email required Address never made public.

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Farms of GPUs are all the rage now, but dedicated mining hardware has also enjoyed a following among those who are serious about their fictitious money. The state-of-the-art for such devices is moving just as rapidly as cryptocurrency itself is, which means older mining gear can now be picked up fairly cheap on the second-hand market.

He compiled a collection of commands and learned enough to be dangerous which is always the goal here at Hackaday. For example, he found that the could set the frequency of the BM as high as he wished without any consideration for thermal overload. Once he figured out how to give the hardware hashes to work on over the UART interface, he setup a little head-to-head competition between the software he wrote to command the Antminer S1 and the official control software.

No drop in performance was found between his software and the real deal, which sounds like a win in our book. Overclocking also increases electricity consumption, and the N2 would add to the cost.

If your prize is fleeting digital tokens that are bound to be worthless in moments, then no. I love how Bitcoin value dropped and everyone suddenly is a critic. Especially considering at least half the arguments used against cryptocurrency also apply to fiat currency. Yes, all currencies including gold are based on faith and trust, but fiat currency issued by a country with some political, economic and military clout is actually backed up to some extent. The faith placed in national fiat currency is faith in the belief that the country will do whatever it takes right or wrong to keep its economy going, including selling of national assets if needed.

Bitcoin is just a list of numbers on a computer. Bitcoin is only pseudonymous and there are crypt I currencies much more useful for money laundering now. Issued by a government. Government is something which always will establish in a human society, as a power distributing the common resource. Could it do anything effectively, at all?

The past crisis has shown us how vulnerable the system is to different parties manipulating it for their own good. The fact that fiat currencies can be manipulated when the market demands it can be used for good and for bad. The question is whether the parties with this power have interests aligned with yours, and whether they can be considered competent enough to use it wisely.

Crytocurrencies being used by criminals to hide behind is FUD from the early days. I honestly thought we moved past that a long time ago. Anyone saying Bitcoins are just numbers on a computer is seriously misunderstanding the nature of the fiat banking system and how that creates money from thin air. That too is a rug that could get pulled out from under us at any time, and it recently nearly happened too.

Bitcoin is fundamentally flawed and many have always said the same. If you believe that bitcoin is extremely overvalued, you may or may not be right. Can you expand on that? It has no backing whatsoever. If the price falls to zero, who cares? If a fiat currency falls to zero, its generally a turd sandwich politically, so people try to avoid this.

And bitcoin also needs an electrical output equivalent to a small country to sustain all the calculations which will probably increase year on year as the list of numbers gets longer and longer. SHA hashes…maybe some sort of security or on the other hand, penetration of security… setup? Only if your password is double sha hashed and follows the bitcoin input structure. Other than that the ASiC is useless. Each new generation obsoletes a previous one by increasing complexity and efficiency.

Many ASIC miners are underwater without super cheap or free electricity. Bitmain tried just this past week to dump a bunch of old S7 miners renamed. They will likely never make more value than they waste electricity even in China. If BTC drops much more even the S9 will be hardly profitable. Only if you only bothered to dip your toes in it, and only think bitcoin exists. Most cryptocurrencies are pretty much exclusively mined on desktop computers, and all but bitcoin is profitable to mine in desktops.

Bitcoin is just the market baseline. Most recent cryptocurrencies focus memory usage else than raw computing power, so we get limited to memory speeds, and memory costs.

Hype, scams, and drugs, are the three main uses for Bitcoin. Old scams are finding new homes with the cyber-rubes of the 21st Century. Once the bubble pops, who knows? Sell them off, then find some new meme to invent a currency after, why not? ASIC is too fast for desktop memory; the memory would be the bottleneck.

Could you manufacture faster memory? CPU-only systems encourage wide distribution of mining activity, because anybody can do it; ASIC systems encourage concentration of mining among people who have the capital to buy the latest miners which let them make more money faster, and spend it on the next generation of ASICs, etc.

I wonder if it would be profitable for someone in an area that gets a lot of sun to hook up some of these to a bank of solar panels and mine bitcoin using solar power. Or would it take too long for the miners even in a really sunny place to mine enough coin to offset the costs of the solar install? Even if you could get the device for free, you cannot make any profit when electricity is not free.

Solar Power is not an option. I have a solar powered mining setup but it mines altcoins, not Bitcoin. I managed to break even on the cost of the setup in about a month when the difficulty is low, but now it would take over 5 months to break even assuming the difficulty does not rise further as it probably will.

Please let me know how I can profitably sell solar power. Keep up the good work. You are commenting using your WordPress. You are commenting using your Twitter account. You are commenting using your Facebook account. Notify me of new comments via email.

Notify me of new posts via email. This site uses Akismet to reduce spam. Learn how your comment data is processed. By using our website and services, you expressly agree to the placement of our performance, functionality and advertising cookies. But if you enjoy super volatile worthless hashes of data, be my guess. Every critic was a critic even it was going up. The only advantage is that of being distributed. All of us who actually use GPUs to render are going to be swimming in them!

Is desktop magic greater than ASIC magic? So, in other words, once the price of RAM falls… Which it always has. You could actually contribute to society and sell the solar power. Can this thing be used to process for Folding home or some other medical challenge? Leave a Reply Cancel reply Enter your comment here Fill in your details below or click an icon to log in: Email required Address never made public.

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