[XMR] Monero Speculation - page 1594.

phishead

hero member

Activity: 1874

Merit: 840

Keep what's important, and know who's your friend

Quote from: GingerAle on January 08, 2016, 03:18:14 PM

Quote from: phishead on January 08, 2016, 02:41:23 PM

Quote from: GingerAle on January 07, 2016, 11:17:49 PM

I'm selling custom built miners. Or I can build them and run them in my basement for a fee. Or you can just send me monero and I'll keep mining monero. Something with mining. I know of at least 2 individuals that have hardware that they have silent because their electricity costs are too high and/or they can't find a place to house their stuff.

and eventually I'll have this monerodo device done which I'll be selling for monero, obviously. Now I'm debating if I should have the software update via github pull / compile or just download "official" binaries. Thoughts? I could also just have it checkout some version... though I've found it a pain to un-checkout things, or go back to head or whatever.

oh yeah. I speculate bananas.

Just curious, what's the cost of the miners you are building, and how are they different from say, your average mining computer?

honestly all I would be doing is building a computer with as many GPUs as can fit on the board. The most PCI slots available on a mobo these days is 6 or 7. The trick to building these things is finding a case to put them in with proper airflow, but thats ultimately what you'd be paying me to do. And then making the mining software work and the pool software (so you could mine on your own node and get ALL OF THE BLOCK). Otherwise you could just throw one together yourself.

Don't quote me, but I think I could sell a 1.6 kh/s rig for $1200.

edited to add: which after 1 year (or whenever your done) you could then pull apart and sell the GPUs on ebay for probably 70%.

I get what your saying, but I'm still really technically incapable of understanding how a "rig" work...

Do you simply download the node on the same computer I'm using, and maybe connect the rig using usb or something which you set the rig to start mining? Is being able to use Linux a necessary skill in order to start running rigs like these?

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: iCEBREAKER on January 08, 2016, 04:37:47 PM

Quote from: GingerAle on January 08, 2016, 03:18:14 PM

Quote from: phishead on January 08, 2016, 02:41:23 PM

Quote from: GingerAle on January 07, 2016, 11:17:49 PM

I'm selling custom built miners. Or I can build them and run them in my basement for a fee. Or you can just send me monero and I'll keep mining monero. Something with mining. I know of at least 2 individuals that have hardware that they have silent because their electricity costs are too high and/or they can't find a place to house their stuff.

and eventually I'll have this monerodo device done which I'll be selling for monero, obviously. Now I'm debating if I should have the software update via github pull / compile or just download "official" binaries. Thoughts? I could also just have it checkout some version... though I've found it a pain to un-checkout things, or go back to head or whatever.

oh yeah. I speculate bananas.

Just curious, what's the cost of the miners you are building, and how are they different from say, your average mining computer?

honestly all I would be doing is building a computer with as many GPUs as can fit on the board. The most PCI slots available on a mobo these days is 6 or 7. The trick to building these things is finding a case to put them in with proper airflow, but thats ultimately what you'd be paying me to do. And then making the mining software work and the pool software (so you could mine on your own node and get ALL OF THE BLOCK). Otherwise you could just throw one together yourself.

Don't quote me, but I think I could sell a 1.6 kh/s rig for $1200.

edited to add: which after 1 year (or whenever your done) you could then pull apart and sell the GPUs on ebay for probably 70%.

Are GPUs more economical than a multicore Xeon (Phi or whatever) CPU?

You'd need a very high end Xeon to get near 1.6 kh/s and those are thousands of dollars just for the processor. So GPUs are certainly more economical in terms of equipment cost. In terms of power it may be more of a horserace but I can't see spending the kind of money necessary to mine at scale with a CPU. The best approach is probably to mine with what you already have (may be CPUs and/or GPUs) and if you want to expand, go with GPUs.

Phi is more of a CPU-GPU hybrid and I haven't see anyone try to mine with those. It could be another sweet spot in theory, especially if you pick up some of the cheap previous-gen models that sometimes come on the market in large quantities (I guess supercomputers upgrading?) but hard to say without someone actually developing and optimized miner and trying it.

jwinterm

legendary

Activity: 3164

Merit: 1116

I think GPUs are more economical because you can run six or seven on a single mobo with a single PSU, whereas CPUs are one maybe two per mobo and that mobo and CPU will be considerably more expensive than consumer grade hardware.

Also, I assume you're probably aware of this, gingeropolous, but a certain poofy equine is actually the proprietor of a company that sells cases specifically for this type of 'rig':
https://www.cryptocoinsnews.com/interview-fluffypony-open-rigs-owner-long-time-miner/

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: GingerAle on January 08, 2016, 03:18:14 PM

Quote from: phishead on January 08, 2016, 02:41:23 PM

Quote from: GingerAle on January 07, 2016, 11:17:49 PM

I'm selling custom built miners. Or I can build them and run them in my basement for a fee. Or you can just send me monero and I'll keep mining monero. Something with mining. I know of at least 2 individuals that have hardware that they have silent because their electricity costs are too high and/or they can't find a place to house their stuff.

and eventually I'll have this monerodo device done which I'll be selling for monero, obviously. Now I'm debating if I should have the software update via github pull / compile or just download "official" binaries. Thoughts? I could also just have it checkout some version... though I've found it a pain to un-checkout things, or go back to head or whatever.

oh yeah. I speculate bananas.

Just curious, what's the cost of the miners you are building, and how are they different from say, your average mining computer?

honestly all I would be doing is building a computer with as many GPUs as can fit on the board. The most PCI slots available on a mobo these days is 6 or 7. The trick to building these things is finding a case to put them in with proper airflow, but thats ultimately what you'd be paying me to do. And then making the mining software work and the pool software (so you could mine on your own node and get ALL OF THE BLOCK). Otherwise you could just throw one together yourself.

Don't quote me, but I think I could sell a 1.6 kh/s rig for $1200.

edited to add: which after 1 year (or whenever your done) you could then pull apart and sell the GPUs on ebay for probably 70%.

I WILL QUOTE YOU! Tongue

And this is what I did, it has the added convenience of small footprint storage and/or shipping when disassembled. Great cooling and easy access to boot.

Quote from: iCEBREAKER on January 08, 2016, 04:37:47 PM

...

Are GPUs more economical than a multicore Xeon (Phi or whatever) CPU?

Funny that it may turn out that way with the new miner (I don't know) since I just sold my last gpu a week ago after a year of them being listed. Lol

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: GingerAle on January 08, 2016, 03:18:14 PM

Quote from: phishead on January 08, 2016, 02:41:23 PM

Quote from: GingerAle on January 07, 2016, 11:17:49 PM

I'm selling custom built miners. Or I can build them and run them in my basement for a fee. Or you can just send me monero and I'll keep mining monero. Something with mining. I know of at least 2 individuals that have hardware that they have silent because their electricity costs are too high and/or they can't find a place to house their stuff.

and eventually I'll have this monerodo device done which I'll be selling for monero, obviously. Now I'm debating if I should have the software update via github pull / compile or just download "official" binaries. Thoughts? I could also just have it checkout some version... though I've found it a pain to un-checkout things, or go back to head or whatever.

oh yeah. I speculate bananas.

Just curious, what's the cost of the miners you are building, and how are they different from say, your average mining computer?

honestly all I would be doing is building a computer with as many GPUs as can fit on the board. The most PCI slots available on a mobo these days is 6 or 7. The trick to building these things is finding a case to put them in with proper airflow, but thats ultimately what you'd be paying me to do. And then making the mining software work and the pool software (so you could mine on your own node and get ALL OF THE BLOCK). Otherwise you could just throw one together yourself.

Don't quote me, but I think I could sell a 1.6 kh/s rig for $1200.

edited to add: which after 1 year (or whenever your done) you could then pull apart and sell the GPUs on ebay for probably 70%.

Are GPUs more economical than a multicore Xeon (Phi or whatever) CPU?

GingerAle

legendary

Activity: 1260

Merit: 1008

Quote from: phishead on January 08, 2016, 02:41:23 PM

Quote from: GingerAle on January 07, 2016, 11:17:49 PM

I'm selling custom built miners. Or I can build them and run them in my basement for a fee. Or you can just send me monero and I'll keep mining monero. Something with mining. I know of at least 2 individuals that have hardware that they have silent because their electricity costs are too high and/or they can't find a place to house their stuff.

and eventually I'll have this monerodo device done which I'll be selling for monero, obviously. Now I'm debating if I should have the software update via github pull / compile or just download "official" binaries. Thoughts? I could also just have it checkout some version... though I've found it a pain to un-checkout things, or go back to head or whatever.

oh yeah. I speculate bananas.

Just curious, what's the cost of the miners you are building, and how are they different from say, your average mining computer?

honestly all I would be doing is building a computer with as many GPUs as can fit on the board. The most PCI slots available on a mobo these days is 6 or 7. The trick to building these things is finding a case to put them in with proper airflow, but thats ultimately what you'd be paying me to do. And then making the mining software work and the pool software (so you could mine on your own node and get ALL OF THE BLOCK). Otherwise you could just throw one together yourself.

Don't quote me, but I think I could sell a 1.6 kh/s rig for $1200.

edited to add: which after 1 year (or whenever your done) you could then pull apart and sell the GPUs on ebay for probably 70%.

phishead

hero member

Activity: 1874

Merit: 840

Keep what's important, and know who's your friend

Quote from: GingerAle on January 07, 2016, 11:17:49 PM

I'm selling custom built miners. Or I can build them and run them in my basement for a fee. Or you can just send me monero and I'll keep mining monero. Something with mining. I know of at least 2 individuals that have hardware that they have silent because their electricity costs are too high and/or they can't find a place to house their stuff.

and eventually I'll have this monerodo device done which I'll be selling for monero, obviously. Now I'm debating if I should have the software update via github pull / compile or just download "official" binaries. Thoughts? I could also just have it checkout some version... though I've found it a pain to un-checkout things, or go back to head or whatever.

oh yeah. I speculate bananas.

Just curious, what's the cost of the miners you are building, and how are they different from say, your average mining computer?

bitebits

legendary

Activity: 2242

Merit: 3523

Flippin' burgers since 1163.

Quote from: dEBRUYNE on January 08, 2016, 09:38:12 AM

Funding required for implementation of Ring Confidential Transactions (CT) (by Shen Noether aka NobleSir), which will also enable the implementation of ring multi-signature!

https://forum.getmonero.org/7/open-tasks/2450/ring-ct-c-crypto

Shen's comment regarding ring multi-signature:

Quote

Yes - there are a couple of ways to go with the multisig - once the MG sigs are there, the method detailed in section 4.4 here https://www.overleaf.com/read/qzgytbyyxvyf is available (probably even without the CT part of, but then you have to be more careful with amounts).

All updates, whitepapers etc. regarding Ring Confidential Transactions (CT) can be found here -> https://www.reddit.com/r/Monero/comments/3pw30d/ringct_for_monero_updated_versions/

Absolutely incredible, awesome news! It is hard to even imagine the potential new use cases and anonymity this will add to Monero.

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Fully funded!

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Funding required for implementation of Ring Confidential Transactions (CT) (by Shen Noether aka NobleSir), which will also enable the implementation of ring multi-signature!

https://forum.getmonero.org/7/open-tasks/2450/ring-ct-c-crypto

Shen's comment regarding ring multi-signature:

Quote

Yes - there are a couple of ways to go with the multisig - once the MG sigs are there, the method detailed in section 4.4 here https://www.overleaf.com/read/qzgytbyyxvyf is available (probably even without the CT part of, but then you have to be more careful with amounts).

All updates, whitepapers etc. regarding Ring Confidential Transactions (CT) can be found here -> https://www.reddit.com/r/Monero/comments/3pw30d/ringct_for_monero_updated_versions/

cryptodromeda

full member

Activity: 212

Merit: 100

Quote from: dnaleor on January 08, 2016, 06:12:58 AM

Quote from: saddambitcoin on January 07, 2016, 09:45:37 PM

Bitmit was awesome, but centralized escrow proved to be a problem for it, both with theft and regulation concerns.

Perhaps a combination of user feedback + independent escrows would be the perfect solution. Escrow providers could set their own fees and would receive feedback, so buyers/sellers could choose accordingly. Additionally, the site itself would hold no funds so it would not be vulnerable to theft.

would be a very good idea imho. We could easily start a subreddit for this and have a list of escrows as pinned post.
People can contact escrows or just post their offer. if the other party wants an escrow he can contact one, or an escrow can just propose himself.

edit2: reputation can be managed by having a single reply in the escrow thread for every escrow and people can post their experiences in that thread.

edit: a website would be more professional of course, but that can take some time until, someone puts it online.

Maybe start off with just a dedicated thread here on BCT, as a seemingly empty subreddit can often send out the wrong message.

Allow the thread to build up steam and it will act as a perpetual advert which can then be used as a springboard for something more permanent elsewhere.

dnaleor

legendary

Activity: 1470

Merit: 1000

Want privacy? Use Monero!

Quote from: saddambitcoin on January 07, 2016, 09:45:37 PM

Bitmit was awesome, but centralized escrow proved to be a problem for it, both with theft and regulation concerns.

Perhaps a combination of user feedback + independent escrows would be the perfect solution. Escrow providers could set their own fees and would receive feedback, so buyers/sellers could choose accordingly. Additionally, the site itself would hold no funds so it would not be vulnerable to theft.

would be a very good idea imho. We could easily start a subreddit for this and have a list of escrows as pinned post.
People can contact escrows or just post their offer. if the other party wants an escrow he can contact one, or an escrow can just propose himself.

edit2: reputation can be managed by having a single reply in the escrow thread for every escrow and people can post their experiences in that thread.

edit: a website would be more professional of course, but that can take some time until, someone puts it online.

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Quote from: GingerAle on January 07, 2016, 11:17:49 PM

I'm selling custom built miners. Or I can build them and run them in my basement for a fee. Or you can just send me monero and I'll keep mining monero. Something with mining. I know of at least 2 individuals that have hardware that they have silent because their electricity costs are too high and/or they can't find a place to house their stuff.

and eventually I'll have this monerodo device done which I'll be selling for monero, obviously. Now I'm debating if I should have the software update via github pull / compile or just download "official" binaries. Thoughts? I could also just have it checkout some version... though I've found it a pain to un-checkout things, or go back to head or whatever.

oh yeah. I speculate bananas.

The bold part basically tells the whole story: you pay 1 Monero for a miner, the miner mines and pays you 0.9 XMR and you take a risk that you might even not get even 0.9 XMR.. Sounds like a deal to me.

GingerAle

legendary

Activity: 1260

Merit: 1008

I'm selling custom built miners. Or I can build them and run them in my basement for a fee. Or you can just send me monero and I'll keep mining monero. Something with mining. I know of at least 2 individuals that have hardware that they have silent because their electricity costs are too high and/or they can't find a place to house their stuff.

and eventually I'll have this monerodo device done which I'll be selling for monero, obviously. Now I'm debating if I should have the software update via github pull / compile or just download "official" binaries. Thoughts? I could also just have it checkout some version... though I've found it a pain to un-checkout things, or go back to head or whatever.

oh yeah. I speculate bananas.

saddambitcoin

legendary

Activity: 1610

Merit: 1004

Bitmit was awesome, but centralized escrow proved to be a problem for it, both with theft and regulation concerns.

Perhaps a combination of user feedback + independent escrows would be the perfect solution. Escrow providers could set their own fees and would receive feedback, so buyers/sellers could choose accordingly. Additionally, the site itself would hold no funds so it would not be vulnerable to theft.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: GreekBitcoin on January 07, 2016, 08:41:53 PM

Like a simple craiglist page but for xmr?

I guess i have some stuff to sell too.

Oh lord how I miss Bitmit. Cry

https://en.bitcoin.it/wiki/Bitmit

It was too perfect and awesome to exist in this shitty world. Tongue

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: saddambitcoin on January 07, 2016, 08:32:40 PM

I wouldn't mind providing escrow services for a 1% fee. I'd say I'm pretty trustworthy when it comes to holding other people's XMR.

I believe dnaleor has also provided escrow services in the past, if he is interested.

Maybe the best approach is to have a list of escrows and they can divide up the effort. There are definitely several trustworthy people within the Monero community who would want to support something like that if it weren't a high workload.

It's an interesting idea, sort of craigslist/ebay/openbazaar/etc.

GreekBitcoin

legendary

Activity: 1428

Merit: 1001

getmonero.org

Like a simple craiglist page but for xmr?

I guess i have some stuff to sell too.

saddambitcoin

legendary

Activity: 1610

Merit: 1004

I wouldn't mind providing escrow services for a 1% fee. I'd say I'm pretty trustworthy when it comes to holding other people's XMR.

I believe dnaleor has also provided escrow services in the past, if he is interested.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: dEBRUYNE on January 07, 2016, 07:45:12 PM

Quote from: iCEBREAKER on January 07, 2016, 05:25:47 PM

Nice 27k market dump today.

These weren't borrowed coins. Somebody needed quick cash, probably because they were long something that got crushed.

IOW, 27k XMR moved in a flash from weak to (relatively) strong hands.

Congrats to the lucky bidders who caught that falling knife! Cool

I hope we revisit the 0.0009s one more time, so my stinky-skunk bids get filled. Cheesy

It is somewhat positive that most of the decline can be attributed to this dumper and another 7k dumper. Few months ago it was just dumping non stop when Bitcoin went up. However, we haven't broke the altcoin-peg / correlation yet.

Way too early to reasonably expect XMR to have already broken that peg.

We need a Grayscale-type GXMR to soak up coins and keep them permanently off the market, like GBTC does for Bitcoin.

Amino's proposed dev-bond could also fulfill that function.

But first we need to develop the local BTCT economy. Like LTC did, back in the good old days.

I've got a pile of stuff I can sell for XMR. Silver bullion, silver collectibles, colloidal silver, comic books.

We just need a trusted escrow guy. I'd suggest smoothie, but he's probably too busy. Any volunteers?

Topic: [XMR] Monero Speculation - page 1594. (Read 3313670 times)