From how i read it, it seems your staking coins to get a piece of the transaction fee. So no actual mining equipment needed when casper is hard forked in, its all software based.

Who is going to process the transaction?

If you sold or used Bitcoin last year, Canada Revenue Agency wants its due | Financial Post

Good luck keeping up with all of this CRA...

LOL, what if I lost money since last year? Will they pay me?

I think we covered this already in the thread. It's not taxed until you get fiat currency out of it. It also says that in the article.

im not, ETH is needed to buy ICO, too much demand, reminds me of when thekey had the NEO ico last month, prices of NEO went to $190

I think you would report capital loss, which would be carried over the next year to be deducted from your capital gains.



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“Proof of stake is a different way to validate transactions based and achieve the distributed consensus.”

“This is why, in fact, in this PoS system miners are called forgers, instead.”

“In Proof-of-Stake, forgers are always those who own the coins minted.”

The answer is people who stake their coins on the ethereum network, probably will be like GIC in banking.

“When you buy a GIC, you are agreeing to lend the bank or financial institution your money for a specified number of months or for up to 5 years. In exchange, your money will earn interest. The longer the term, the more interest you earn. At the end of the term, you get the entire amount you deposited plus the interest.”

When more and more people stake to earn transaction fees, the coin should stabilize in price as theyre locked in.

In the end its in the software/coding when they pull this off. Which means youll have to mine another coin, unless they all go POS lol. If that happens gpu/videocards will be like bitconnect jk.

A computer will still have to process the transaction.

https://ethereum.stackexchange.com/q...-their-start-a

The date for CASPER implementation keeps getting pushed back and back. I haven't had too much time to delve into it completely but from what I hear on the sidelines it probably has to do with security and trying to make it as secure as POW.

I think POS as the only form of coin generation is fundamentally flawed ; it creates the same paradigm of the rich get richer and the poor having no easy access to level playing field, and that isn't what the community should be trying to do. I don't think POS will be the end game. Other systems being tested are dPOS (delegated proof of work), Proof of Capacity, and many other cryptographic proofs where other resources are being used in exchange for coin generation that helps to secure the network, as opposed to simply "holding coins and earning interests".

Looking at bitcoin crash...

My cash is ready!!!!

Buy the dip!

Http://vancouver.craigslist.ca/van/s...481438249.html

So, this guy is saying $55USD profit a day from 240mh/s ????

It says $22 USD a day now.

oh....he changed it.

Also, this only pulls 900w ???

I don't believe so. Mine is pretty much same setup.
But it pulls 1100-1200w.

https://www.amazon.ca/gp/product/B07...?ie=UTF8&psc=1

btw, this thing really works.
I have turned my 6-7 yrs old rig into mining machine lol

Mobo: Gigabyte GA-880GA-UD3H
https://www.gigabyte.com/Motherboard...UD3H-rev-30#ov

On the side note...Nvidia Volta should be here in few month.
With GDDR6 It might be 40-50% more hash rate and less energy consumption.

Oh man I wish this existed when I had to use USB hubs for my 10 ASIC miners WutFace

man i need to get a rig or 5 in my basement...it's so cold down there it'd be perfect to heat it up for me lol

who need rig rental space?? lol

So....after putting this PCI-E Extender in some other old systems.
It also works.

So, basically, we can just buy some old i3/i5 systems from Craigslist and turn them into mining platform for only $200-300.
And upgrade with a more powerful PSU + cheap gpu frame.

Compare to whole new build...this saves tons of $$$

Good to hear it works. Are you using windows?

Yes, these rigs are all on Windows.

I'm surprised, they don't even need 4G decoding feature.

What miners are you using?

I still have my block erupters.. 10 of them so 3300 MH/s, which would mine 0.00000956 a month LOL

That's $0.08 per month right now, but what if Bitcoin hits $1,000,000! LUL

Actually I wonder if there are any altcoins that use the SHA256 algorithm that would actually be profitable :considered:

Edit: NOPE

He is GPU mining. 1070's I think.

He's using USB risers though?

i m using gtx 1070 for mining on ETH
and Doing Nanopool with Claymore miner.
Just started mining 2 weeks ago...My rigs are making around 1700 USD a month before electricity bill.

Old mother boards only have 1 or 2 PCI-E 1x
I had to use 4 in 1 USB3.0 Riser Adapter (Extender), to be able to connect more GPUs.

The 4 in 1 USB3.0 Riser connect with PCIE risers
https://www.amazon.ca/gp/product/B07...?ie=UTF8&psc=1

https://images-na.ssl-images-amazon....L._SL1001_.jpg

Thats fucking awesome, you can hardcore setup graphic cards with those. Didnt know those existed.