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02-01-2018, 10:24 AM
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#1951 | | Even when im right, revscene.net is still right!
Join Date: May 2002 Location: vancouver
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Originally Posted by Manic!  | 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.
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02-01-2018, 10:35 AM
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#1952 | | To me, there is the Internet and there is RS
Join Date: Apr 2004 Location: Nanaimo
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Originally Posted by corollagtSr5 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?
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Until the lions have their own historians, the history of the hunt will always glorify the hunter. | 
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02-01-2018, 11:11 AM
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#1953 | | RS controls my life!
Join Date: Nov 2003 Location: Surrey
Posts: 788
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02-01-2018, 11:33 AM
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#1954 | | HELP ME PLS!!!
Join Date: May 2002 Location: vancity
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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.
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02-01-2018, 11:34 AM
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#1955 | | I *heart* Revscene.net very Muchie
Join Date: Feb 2012 Location: Rich City / Van
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Originally Posted by ime2006 I am very surprised ETH is not effected very much.
It holds pretty strong.
I am mining ETH, I really wish it will take no.1 spot. lol | 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
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Hey guys,
Can someone tell good or unusual dating spots? Or what was your the most unusual date? THanks for sharing!
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Originally Posted by Mr.HappySilp my bedroom =D | Quote:
Originally Posted by dhillon09 that's a great secret date spot,
i bet no girl in vancouver has seen it. | | |
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02-01-2018, 11:45 AM
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#1956 | | Rs has made me the woman i am today!
Join Date: Apr 2013 Location: revscene
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Originally Posted by DragonChi LOL, what if I lost money since last year? Will they pay me? | I think you would report capital loss, which would be carried over the next year to be deducted from your capital gains.
Sent from my Pixel XL using Tapatalk
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|| 18 FK8 | R-18692 | Rallye Red | 6 MT ||
|| SOLD 97 E36 M3 Sedan | Arctic Silver | 5MT ||
|| RIP 02 E46 330ci | Schwartz Black II | 5MT | M-Tech II | Black Cube | Shadowline | Stoff Laser/Anthrazit ||
|| RIP 02 E46 M3 | Carbon Black | 6MT ||
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02-01-2018, 11:47 AM
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#1957 | | Even when im right, revscene.net is still right!
Join Date: May 2002 Location: vancouver
Posts: 2,179
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Originally Posted by Manic! Who is going to process the transaction? | “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.
Last edited by corollagtSr5; 02-01-2018 at 01:18 PM.
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02-01-2018, 01:26 PM
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#1958 | | To me, there is the Internet and there is RS
Join Date: Apr 2004 Location: Nanaimo
Posts: 16,020
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| Quote:
Originally Posted by corollagtSr5 “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 Quote:
Miners will receive transaction fees, along with (potentially) a small block subsidy. GPUs will no longer be useful, and CPU/RAM will be useful in that stakers will need to have close to perfect uptime and fast servers in order to make money.
They will have to buy ETH, and stake it.
The stakers will have to put down a deposit(stake), that cannot be used for other purposes while it is staked. Stakers will likely be professionals, much like how mining pools are now.
Similar to today, the miners/stakers will execute the contracts and build the blocks, and each node will verify the computation in order to be sure the block is valid.
Essentially, yes, although fast servers are needed for processing transactions at the higher rate that Casper allows.
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Until the lions have their own historians, the history of the hunt will always glorify the hunter. | |
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02-01-2018, 04:40 PM
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#1959 | | I subscribe to Revscene
Join Date: Nov 2006 Location: Space
Posts: 1,990
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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".
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02-01-2018, 05:16 PM
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#1960 | | My dinner reheated before my turbo spooled
Join Date: Apr 2005 Location: Vancouver
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Looking at bitcoin crash...
My cash is ready!!!!
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02-01-2018, 06:27 PM
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#1961 | | i like gifs
Join Date: Dec 2001 Location: imgur
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Buy the dip!
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02-01-2018, 07:26 PM
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#1963 | | To me, there is the Internet and there is RS
Join Date: Apr 2004 Location: Nanaimo
Posts: 16,020
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| Quote:
Originally Posted by ime2006 | It says $22 USD a day now.
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Until the lions have their own historians, the history of the hunt will always glorify the hunter. | |
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02-01-2018, 07:52 PM
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#1964 | | My dinner reheated before my turbo spooled
Join Date: Apr 2005 Location: Vancouver
Posts: 1,771
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Originally Posted by Manic! 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.
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02-01-2018, 09:10 PM
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#1965 | | My dinner reheated before my turbo spooled
Join Date: Apr 2005 Location: Vancouver
Posts: 1,771
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| 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.
Last edited by ime2006; 02-01-2018 at 11:32 PM.
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02-02-2018, 01:26 AM
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#1966 | | Hacked RS to become a mod
Join Date: Feb 2002 Location: Sunny Hong Kong
Posts: 52,358
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Originally Posted by ime2006 | Oh man I wish this existed when I had to use USB hubs for my 10 ASIC miners  | |
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02-02-2018, 06:47 AM
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#1967 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
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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
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02-03-2018, 10:40 AM
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#1968 | | My dinner reheated before my turbo spooled
Join Date: Apr 2005 Location: Vancouver
Posts: 1,771
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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 $$$
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02-03-2018, 12:00 PM
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#1969 | | To me, there is the Internet and there is RS
Join Date: Apr 2004 Location: Nanaimo
Posts: 16,020
Thanked 7,386 Times in 3,466 Posts
| Quote:
Originally Posted by ime2006 So....after putting this PCI-E Extender in some other old systems.
It also works.
So, basically, we can just buy some old i3/i5 systems from Craigslist and turn them into mining platform for only $200-300.
And upgrade with a more powerful PSU + cheap gpu frame.
Compare to whole new build...this saves tons of $$$ | Good to hear it works. Are you using windows?
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Until the lions have their own historians, the history of the hunt will always glorify the hunter.
Last edited by Manic!; 02-03-2018 at 12:09 PM.
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02-03-2018, 02:19 PM
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#1970 | | My dinner reheated before my turbo spooled
Join Date: Apr 2005 Location: Vancouver
Posts: 1,771
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Originally Posted by Manic! 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.
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02-03-2018, 03:42 PM
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#1971 | | Hacked RS to become a mod
Join Date: Feb 2002 Location: Sunny Hong Kong
Posts: 52,358
Thanked 23,817 Times in 8,191 Posts
| Quote:
Originally Posted by ime2006 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 $$$ | 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! 
Actually I wonder if there are any altcoins that use the SHA256 algorithm that would actually be profitable 
Edit: NOPE | |
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02-03-2018, 08:04 PM
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#1972 | | To me, there is the Internet and there is RS
Join Date: Apr 2004 Location: Nanaimo
Posts: 16,020
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| Quote:
Originally Posted by SkinnyPupp 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!
Actually I wonder if there are any altcoins that use the SHA256 algorithm that would actually be profitable
Edit: NOPE | He is GPU mining. 1070's I think.
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Until the lions have their own historians, the history of the hunt will always glorify the hunter. | |
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02-03-2018, 08:45 PM
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#1973 | | Hacked RS to become a mod
Join Date: Feb 2002 Location: Sunny Hong Kong
Posts: 52,358
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Originally Posted by Manic! He is GPU mining. 1070's I think. | He's using USB risers though?
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02-03-2018, 09:58 PM
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#1974 | | My dinner reheated before my turbo spooled
Join Date: Apr 2005 Location: Vancouver
Posts: 1,771
Thanked 582 Times in 173 Posts
| Quote:
Originally Posted by SkinnyPupp 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 
Last edited by ime2006; 02-03-2018 at 10:17 PM.
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02-03-2018, 10:43 PM
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#1975 | | Even when im right, revscene.net is still right!
Join Date: May 2002 Location: vancouver
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Thats fucking awesome, you can hardcore setup graphic cards with those. Didnt know those existed.
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