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The Intellectual Foundation of Bitcoin比特幣的智識基礎. By Chapman Chen, HKBNews

The Intellectual Foundation of Bitcoin比特幣的智識基礎. By Chapman Chen, HKBNews
Summary: Bitcoin was invented by the anonymous Satoshi Nakamoto as recently as 2008, but it is backed up by a rich intellectual foundation. For instance, The 1776 First Amendment separates church and state, and contemporary American liberation psychologist Nozomi Hayase (2020) argues that money and state should similarly be separated. Just as Isaac Newton’s study of alchemy gave rise to the international gold standard, so has the anonymous creator Satoshi Nakamoto's desire for a “modernized gold standard” given rise to Bitcoin. Indeed, Bloomberg's 2020 report confirms Bitcoin to be gold 2.0. Montesquieu (1774) asserted that laws that secure inalienable rights can only be found in Nature, and the natural laws employed in Bitcoin include its consensus algorithm and the three natural laws of economics (self-interest, competition, and supply and demand). J.S. Mill (1859) preferred free markets to those controlled by governments. Ludwig von Mises (1951) argued against the hazards of fiat currency, urging for a return to the gold standard. Friedrich Hayek (1984) suggested people to invent a sly way to take money back from the hands of the government. Milton Friedman (1994) called for FED to be replaced by an automatic system and predicted the coming of a reliable e-cash. James Buchanan (1988) advocated a monetary constitution to constrain the governmental power of money creation. Tim May (1997) the cypherpunk proclaimed that restricting digital cash impinges on free speech, and envisioned a stateless digital form of money that is uncensorable. The Tofflers (2006) pictured a non-monetary economy. In 2016, UCLA Professor of Finance Bhagwan Chowdhry even nominated Satoshi for a Nobel Prize.
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Separation between money and state
The 1791 First Amendment to the U.S. Constitution enshrines free speech and separates church and state, but not money and state. "Under the First Amendment, individuals’ right to create, choose their own money and transact freely was not recognized as a part of freedom of expression that needs to be protected," Japanese-American liberation psychologist Nozomi Hayase (2020) points out (1).
The government, banks and corporations collude together to encroach upon people's liberties by metamorphosing their inalienable rights into a permissioned from of legal rights. Fiat currencies function as a medium of manipulation, indulging big business to generate market monopolies. "Freedom of expression has become further stifled through economic censorship and financial blockage enacted by payment processing companies like Visa and MasterCard," to borrow Hayase's (2020) words.
Satoshi is a Modern Newton
Although most famous for discovering the law of gravity, Isaac Newton was also a practising alchemist. He never managed to turn lead into gold, but he did find a way to transmute silver into gold. In 1717, Newton announced in a report that, based on his studies, one gold guinea coin weighed 21 shillings. Just as Isaac Newton’s study of alchemy gave rise to the international gold standard, so has the desire for a “modernized gold standard” given rise to Bitcoin. "In a way, Satoshi is a modern Newton. They both believed trust is best placed in the unchangeable facets of our economy. Beneath this belief is the assumption that each individual is their own best master," as put by Jon Creasy (2019) (2).
J.S. Mill: free markets preferable to those controlled by governments
John Stuart Mill (1806-1873) the great English philosopher would be a Bitcoiner were he still around today. In On Liberty (1859), Mill concludes that free markets are preferable to those controlled by governments. He argues that economies function best when left to their own devices. Therefore, government intervention, though theoretically permissible, would be counterproductive. Bitcoin is precisely decentralized or uncontrolled by the government, unconfiscatable, permissonless, and disinflationary. Bitcoin regulates itself spontaneously via the ordinary operations of the system. "Rules are enforced without applying any external pressure," in Hayase's (2020) words.
Ludwig von Mises (1958): Liberty is always Freedom from the Government
In The Free Market and its Enemies, theoretical Austrian School economist Ludwig von Mises (1951) argues against the hazards of fiat currency, urging for a return to the gold standard. “A fiat money system cannot go on forever and must one day come to an end,” Von Mises states. The solution is a return to the gold standard, "the only standard which makes the determination of the purchasing power of money independent of the changing ideas of political parties, governments, and pressure groups" under present conditions. Interestingly, this is also one of the key structural attributes of Bitcoin, the world’s first, global, peer-to-peer, decentralized value transfer network.
Actually, Bloomberg's 2020 report on Bitcoin confirms that it is gold 2.0. (3)
Von Mises prefers the price of gold to be determined according to the contemporaneous market conditions. The bitcoin price is, of course, determined across the various global online exchanges, in real-time. There is no central authority setting a spot price for gold after the which the market value is settled on among the traders during the day.
Hayek: Monopoly on Currency should End
Austrian-British Nobel laureate Friedrich Hayek’s theory in his 1976 work, Denationalization of Money, was that not only would the currency monopoly be taken away from the government, but that the monopoly on currency itself should end with multiple alternative currencies competing for acceptance by consumers, in order "to prevent the bouts of acute inflation and deflation which have played the world for the past 60 years." He forcefully argues that if there is no free competition between different currencies within any nation, then there will be no free market. Bitcoin is, again, decentralized, and many other cryptocurrencies have tried to compete with it, though in vain.
In a recently rediscovered video clip from 1984, Hayek actually suggested people to invent a cunning way to take money out of the hands of the government:- “I don’t believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can’t take them violently out of the hands of government, all we can do is by some sly roundabout way introduce something they can’t stop” (4). Reviewing those words 36 years hence and it is difficult not to interpret them in the light of Bitcoin.
Milton Friedman Called for FED to be Replaced by an Automatic System
Nobel laureate economist Milton Friedman (1994) was critical of the Federal Reserve due to its poor performance and felt it should be abolished (5). Friedman (1999) believed that the Federal Reserve System should ultimately be replaced with a computer program, which makes us think of the computer code governing Bitcoin (6).[\]( He (1970) favored a system that would automatically buy and sell securities in response to changes in the money supply. This, he argued, would put a lid on inflation, setting spending and investment decisions on a surer footing (7). Bitcoin is exactly disflationary as its maximum possible supply is 21 million and its block reward or production rate is halved every four years.
Friedman passed away before the coming of bitcoin, but he lived long enough to see the Internet’s spectacular rise throughout the 1990s. “I think that the Internet is going to be one of the major forces for reducing the role of government," said Friedman in a 1999 interview with NTU/F. On the same occasion, he sort of predicted the emergence of Bitcoin, "The one thing that’s missing, but that will soon be developed, is a reliable e-cash, a method whereby on the Internet you can transfer funds from A to B, without A knowing B or B knowing A." (8)
Of course, Friedman didnt predict the block chain, summed up American libertarian economist Jeffery Tucker (2014). “But he was hoping for a trustless system. He saw the need. (9).
Bitcoin Computer Code as Constitution in the Buchananian Sense
American economist cum Nobel laureate James Buchanan (1988) advocates constitutional constraints on the governmental power to create money (10). Buchanan distinguishes a managed monetary system—a system “that embodies the instrumental use of price-level predictability as a norm of policy”—from an automatic monetary system, “which does not, at any stage, involve the absolute price level” (Buchanan 1962, 164–65). Leaning toward the latter, Buchanan argues that automatic systems are characterized by an organization “of the institutions of private decision-making in such a way that the desired monetary predictability will emerge spontaneously from the ordinary operations of the system” (Buchanan 1962, 164). Again, "Bitcoin regulates itself through the spontaneous force of nature, flourishing healthy price discovery and competition in the best interest of everyone" (Hayase 2020).
Shruti Rajagopalan (2018) argues that the computer code governing how the sundry nodes/computers within the Bitcoin network interact with one another is a kind of monetary constitution in the Buchananian sense. One of Buchanan's greatest inputs is to differentiate the choice of rules from the choice within rule (Buchanan 1990). One may regard the Bitcoin code as a sort of constitution and "the Bitcoin network engaging in both the choice of rules and choice within rules" (Rajagopalan 2018) (11).
Tim May: Restricting Digital Cash may Impinge on Free Speech
Cypherpunks are activists who since the 1980s have advocated global use of strong cryptography and privacy-enhancing technologies as a route to social and political liberation. Tim May (Timothy C. May [1951-2018]), one of the influential cypherpunks published The Crypto Anarchist Manifesto in September 1992, which foretold the coming of Bitcoin (12). Cypherpunks began envisioning a stateless digital form of money that cannot be censored and their collaborative pursuit created a movement akin to the 18th Enlightenment.
At The 7th Conference on Computers, Freedom, and Privacy, Burlingame, CA. in 1997, Tim May equated money with speech, and argued that restricting digital cash may impinge on free speech, for spending money is often a matter of communicating orders to others, to transfer funds, to release funds, etc. In fact, most financial instruments are contracts or orders, instead of physical specie or banknotes (13).
Montesquieu: Laws that secure inalienable rights can only be found in Nature
In his influential work The Spirit of Laws (1748), Montesquieu wrote, “Laws ... are derived from the nature of things … Law, like mathematics, has its objective structure, which no arbitrary whim can alter". Similarly, once a block is added to the end of the Bitcoin blockchain, it is almost impossible to go back and alter the contents of the block, unless every single block after it on the blockchain is altered, too.
Cypherpunks knew that whereas alienable rights that are bestowed by law can be deprived by legislation, inalienable rights are not to be created but can be discovered by reason. Thus, laws that secure inalienable rights cannot be created by humankind but can be found in nature.
The natural laws employed in Bitcoin to enshrine the inalienable monetary right of every human being include its consensus algorithm, and the three natural laws of economics (self-interest, competition, and supply and demand) as identified by Adam Smith, father of modern economics.
Regarding mathematics, bitcoin mining is performed by high-powered computers that solve complex computational math problems. When computers solve these complex math problems on the Bitcoin network, they produce new bitcoin. And by solving computational math problems, bitcoin miners make the Bitcoin payment network trustworthy and secure, by verifying its transaction information.
Regarding economic laws, in accordance with the principle of game theory to generate fairness, miners take part in an open competition. Lining up self-interests of all in a network, with a vigilant balance of risk and rewards, rules are put in force sans the application of any exterior pressure. "Bitcoin regulates itself through the spontaneous force of nature, flourishing healthy price discovery and competition in the best interest of everyone," to borrow the words of Hayase (2020).
A Non-monetary Economy as Visualized by the Tofflers
In their book, Revolutionary Wealth (2006), futurists Alvin Toffler and his wife Heidi Toffler toy with the concept of a world sans money, raising a third kind of economic transaction that is neither one-on-one barter nor monetary exchange. In the end, they settle on the idea that the newer non-monetary economy will exist shoulder-to-shoulder with the monetary sector in the short term, although the latter may eventually be eclipsed by the former in the long run. What both the Tofflers' The Third Wave (1980) and Revolutionary Wealth bring into question is the very premise of monetary exchange. The vacuum left over by cash in such a non-monetary economy may be filled up by Bitcoin as a cryptocurrency.
Satoshi Nakamoto Nominated for Nobel Prize by UCLA Finance Prof.
UCLA Anderson School Professor of Finance Bhagwan Chowdhry nominated Satoshi Nakamoto for the 2016 Nobel Prize in Economics on the following grounds:-
It is secure, relying on almost unbreakable cryptographic code, can be divided into millions of smaller sub-units, and can be transferred securely and nearly instantaneously from one person to any other person in the world with access to internet bypassing governments, central banks and financial intermediaries such as Visa, Mastercard, Paypal or commercial banks eliminating time delays and transactions costs.... Satoshi Nakamoto’s Bitcoin Protocol has spawned exciting innovations in the FinTech space by showing how many financial contracts — not just currencies — can be digitized, securely verified and stored, and transferred instantaneously from one party to another (14).
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Disclaimer: This article is neither an advertisement nor professional financial advice.
Pic credit: Framingbitcoin
#bitcoin #bitcoinhalving #jamesBuchanan #MiltonFriedman #AlvinToffler #FirstAmendment #LudwigVonMises #TimMay #freeMarket # SatoshiNakamoto #FriedrichHayek #Cypherpunk #Cryptocurrency #GoldStandard #IsaacNewton
submitted by HKBNews to Bitcoin [link] [comments]

How have your GTX 1080s been? I’m on my fourth RMA and a little perturbed.

Sorry for some formatting issues, currently typing on my phone.
But, I was wanting to ask how your graphics cards have held up, specifically the GTX 1080. I ended up purchasing four for my household, two for me, two for my now wife, and I’m now on my fourth RMA!
Now these have been cards that were never overclocked, but have been a variation of liquid cooled ( full and partial ) as well with regular air cooling.
But one way or another, the GPUs have had constant issues requiring me send them into EVGA, ironically I just got my third RMA in today and I’m getting ready to send my fourth one out.
Now these haven’t all been from the same rig:
Now, I’m sure people are going to say it’s the PSU or Motherboard, etc..
But these have been in multiple motherboards, and three different PSUs ( 1x EVGA 1000w P2, 2x EVGA 850w G2 ) and ( 1x Gigabyte z270 Gaming 5, 1x Gigabyte x370 Gaming K7, 1x Gigabyte Z370 Gaming 7 ).
These were never overclocked, never used for bitcoin mining and I only did a fur mark test when I got the GPUs to test for any issues ( ran at 10 mins ).
All of the GPUs have been EVGA GTX 1080 SCs as well, has anyone else experienced this? Any ideas what could cause this? I’m more concerned for my wife’s rig as she uses it for work, but I’ve had to part off mine due to medical issues, and I just don’t want the new owners to get my issues.
submitted by Alacratha to pcmasterrace [link] [comments]

[USA-VA] [H] Full PC Build (6600k, GTX 1060 6GB), GTX 1070 FTW. Masterkeys Lite Combo, EVGA 2 Slot SLI Bridge [W] Local Cash, Venmo, Google Wallet, BTC, Trades.

Hey everyone, to begin I have a full PC Build. + Other Parts below.. Your going to hate me but this is the fucking truth I swear. I basically do not need a gaming PC at the moment. And my will to game has faded...but my will for gainz is growing. I have recently found the sub /wallstreetbets and I'm selling all my shit and YOLOing the fuck out.
Now now now.. don't hate me just yet. I've been working my ass off and investing my whole life in different shit. My most successful venture thus far has been bitcoin. I'm no god damn bitcoinillionaire but I've been turning it over and helping pay for shit for years.
Long story short, then I started saving all my freedom dollars into bitcoin, then I started mining and small term investing. And now I am in it balls deep. My reasoning behind all this is simply, I don't need all this shit if I'm not going to use it right now. And if I don't go broke and do well over time I can buy it all back better next year. Annnnnd if I go nolo broke, well I made a slightly costly bad life decision at 25 and learned some really god damn good life lessons (at least one would hope).
So I'm selling all my needless possessions (Except my PS4), lowering my bills and overall cost of living and investing it AMD. (Not all I diversify. but 100% of this PC would go towards it.) My ultimate goal being to invest 1/4 of my income by the end of this year. So without further blabbering...
1. Full PC Build AT THIS TIME I DO NOT WANT TO PART OUT. I Also would prefer not to ship. I also would prefer this to stay local. With that being said, If the before two become unsuccessful I do still have the original boxes for most items and could part it out.
PCPartPicker part list / Price breakdown by merchant
Type Item Price
CPU Intel Core i5-6600K 3.5GHz Quad-Core Processor $234.53 @ OutletPC
CPU Cooler Deepcool CAPTAIN 240 EX 153.0 CFM Liquid CPU Cooler $86.89 @ OutletPC
Motherboard Gigabyte GA-Z170X-Ultra Gaming ATX LGA1151 Motherboard $155.98 @ Directron
Memory Avexir Core Series 16GB (2 x 8GB) DDR4-2400 Memory $102.99 @ Newegg
Storage PNY CS1311 120GB 2.5" Solid State Drive $49.99 @ Best Buy
Storage Seagate Barracuda 1TB 3.5" 7200RPM Internal Hard Drive $48.88 @ OutletPC
Video Card PNY GeForce GTX 1060 6GB 6GB XLR8 Gaming OC Video Card $252.99 @ Jet
Power Supply Corsair CSM 550W 80+ Gold Certified Semi-Modular ATX Power Supply $79.99 @ Amazon
Optical Drive Asus DRW-24B1ST/BLK/B/AS DVD/CD Writer $17.88 @ OutletPC
Operating System Microsoft Windows 10 Pro OEM 64-bit $138.31 @ OutletPC
Wireless Network Adapter TP-Link TL-WDN4800 PCI-Express x1 802.11a/b/g/n Wi-Fi Adapter $35.49 @ OutletPC
Other Keyboard Masterkeys Lite L Combo RGB Keyboard Mouse Combo $59.99
Other Case Rajintek Nestor $64.99
Other RGB 350 Remote Controlled lighting kit $16.99
Prices include shipping, taxes, rebates, and discounts
Total $1345.89
Generated by PCPartPicker 2017-02-23 22:37 EST-0500
All parts are less than 2 months old with very light use. Asus CD Drive not installed, just didn't do it. I can provide it or sell it w/o. Looking for $980 Local Cash 24018 FOR P/U Also I have 2x AOC 22in 60hz IPS 1080p Slim Bezel 5ms w/ Dual vesa mount for sale for $200 local not pictured here
2. GTX 1070 FTW or GTX 1060 6GB
One of these cards I will ship separate from the build. The other I will leave in the PC above to attempt to sell it as a whole. I might also sell these two and sell the PC - GPU.
GTX 1070 FTW - $345 Shipped (Bios Update + Thermal Pads)
PNY GTX 1060 6GB XLR8 - $210 Shipped
3. 3 Items I will sell separate from the PC
Masterkeys Lite RGB Keyboard/Mouse Combo - $45 Shipped
Asus CD/DVD RW Drive, Never Used Brand New - $15 Shipped
Antminer USB Stick - Not even sure if it works, bought it off someone here for a test and never used - $10 Shipped
4. EVGA 2 Slot SLI Bridge - $20 Shipped (Sold to silvercard1)
TRADES or I will buy
  1. Cheap Laptop/Chromebook
  2. Antminer S7 w/ 1400w or 800w x2 PSUs
  3. Razr Blackwidow Chroma Clicky
  4. Lisa Su
Ironically enough I'm keeping my Razr Mouse and Mousepad (bought off here) to even use with a cheap laptop, I just like them that much.
I have Confirmed trades on here of $750, $610, $345 & others using alt payment methods & trades. Also a 4 year old acct & creator of /askcarsales and mod of my local reddit /roanoke.
I will be accepting paypal soon, I have a feeling I'll need to repost some items. I'm the the middle of confirming my bank acct now.
submitted by DOPE_AS_FUCK_COOK to hardwareswap [link] [comments]

Moved post: Mining ETC, electrical, considering to downscale mining?

This is a long post...I had to move this post from mining to miningrig. So hopefully this post is in the correct forum: MiningRig.
Ok so I think I may be freaking out a bit. Maybe for nothing? Well my 6 card mining rig is drawing 660watts per Hive OS from the cards and from the total rig, probably 750-760 watts. I'm only mining ETC. I also have a kill a watt meter and measured it form the wall. The outlet below it has another power surge protector with my xbox one x, 27 inch asus rog strix monitor, and two rokit 5 speakers sitting nearby my mining rig. I measured the watts with all of the xbox stuff on and it draws roughly 125-130 watts. Is this ok? I’m mining in my living room that also has the 65" 4K TV with a xbox one S and Apple TV connected to it. Not sure how much power is drawing from this set up but I assume not as much as the mining rig.
I guess I’m also worried because I’m getting AC installed brand new in my home in the next couple of weeks. One downstairs is 36,000 BTUs and upstairs is 12,000 BTUs. With this, I hope I’m not overloading the electrical system.
I’m thinking maybe I shouldn’t have gotten into mining and just used that money to buy more bitcoin. FML.
I’m wondering if I should sell 2 of my 1070s and just keep two 1070s and two 1080 Ti’s that I have running right now. Or just keep them all and use the two 1070s and build my family a gaming computer with SLI. lol. I’m not hurting for the money, but thinking if maybe cool to build them a gaming computer.
Or better yet, I’ll give them to my brother in law and my father in law to upgrade their gaming computer! THEN that would be priceless because that would put me on their favorite list. lol
Ultimately I've been thinking for a couple days now...Its been real miners! Gonna just keep my two 1080 Ti’s and sell off my 4 1070s. Too paranoid about straining the eletrical supply on the house and risking a fire or damage on a 15A circuit. I’m selling two 1070s and giving the other two to my father in law and brother in law as a Christmas gift lol. The two 1080’s, I’ll keep it on my mining rig running with the ethenlargementpill to contribute to the space, while safely mining without straining my home’s electrical system especially since I’m having a large split duct AC unit installed in the next few weeks. With the rest of the potential gain in coins, I’ll just continue to buy from Abra and collect that ETC and BTC!
I know I know, I spent money on this rig, thus I am going to keep the other components along with the two 1080 Ti’s to still take part in mining, but at a lower scale. The two 1080 Ti’s with the eth pill will be running at 160 watts each, add on 90-100 watts for the rig components, that’ll come out to rougly 420 watts total coming from one circuit. Along with my xbox one x set up (135 watts), other xbox one X connected to the Samsung 65" TV (245 watts?), bose cinemate 15 (300 watts per mfcr specs), 8 LED light bulbs (13 watts each) in the living room. Plus a few fans in the same living room. With the upcoming split duct AC unit, it’ll probably be an overload in this one area. But then again I’ll leave the AC unit issue to the installers. We got this house built brand new in 2005 and we never had AC installed until now because its gotten so hot/humid here in Hawaii. However, when I looked at my circuit breaker panel, looks like the AC unit will have its own dedicated circuit with a 30 amp circuit (per the panel door with the sticker showing which circuit switch goes to what) and this wil be installed by my HVAC company and their electrician so maybe I could ask him about leaving my mining rig with current cards in running 24/7 and using my AC unit with our 25 photovoltaic panels being installed on the roof since the mining rig will be on its separate circuit of 15 amps per the circuit breaker panel.
Otherwise I’ll continue to mine with the 4 1070 cards, throw one of the 1080 Tis into my gaming PC to do a SLI set up, and throw the third 1080 Ti into another gaming computer later down the road.
I could hire an electrician to inspect and upgrade to the power system. Then I thought about it and it maybe best to just give the 1070s away to family as a awesome Christmas gift and just continue to buy coins.
Dam guys, this mining adventure has been fun but short lived for me because of the extraneous variables that came up after the fact. I was stupid to not look further into the eletrical situation. But then again, I learned my lesson and learned how to mine and how to build rig. I believe I should be safe by running the two 1080 Tis alone…that’ll be 320 watts plus the rig parts (100watts) = 420 watts, which is well under the recommended limit of continuous electrical power use through my living room circuit even with the other mentioned electrical stuff in that living room.

Wait!! Before I give away or sell anything, just want to see if what I did is right. It seems my rig is connected to my backyard/Lanai switch on the circuit panel. My max AMP per my circuit breaker panel for the house is 125 amps and this rig is using is now using 760 watts (current max power draw limit set on HIVE OS to 660 watts for all 6 cards) including the +100 watts estimated for rig parts. When I was testing out the circuit panel to see which switch belongs to which, it seems my entertainment center with the large TV and xbox and Bose home theater is connected on a different switch.
Thus, everything in front of my living room turns off when I turn off one switch and the other switch turns off the back of the living room and outside lanai lights (which has flood lights we barely use).
Next to my rig in the back living room is my xbox one x set up with monitor and speakers drawing 135 watts. Along with my google wifi router (9 watt power consumption), netgear CM500 cable modem (18 watts based on 1.5amp x 12volts), three 13 watt light bulbs (39 watts), Bionaire tower fan (40 watts), Vornado large fan (68 watts).
Majority of the time I don’t have the xbox system on continuously, only on some nights when playing online with BF1. I don’t have all 3 light bulbs on continuously, mostly the one floor lamp with one bulb on at night. But if I did have everything on, I would be drawing about 74% of that 1440 watt limit.
Also, I’m thinking about just leaving the mining rig on during the day while I’m at work for about 8-10 hours and when I come home, turn it off so that I can freely use my xbox system and other things connected around this area of the house without worrying about the mining rig along with the other stuff here drawing too much power on the circuit. Thus, the rig would be working for 8-10 hours a day and also when I leave the house for trips and such, I’ll leave the mining rig on while away since someone will always be home but not be in my man space. Since this is a hobby, I’m thinking of just doing this and turning it off at night so I don’t have to deal with worry about the overload electricity use and the awful heat thats created right behind me.
Despite this strategy, today I decided to turn it off while I'm at work for 8 hrs just in case something happens and then when I come home, I'll turn the miner back on to mine for 12 hours overnight then turn it off in the morning again. I wanted some input from you guys before I go back to leaving my miner on 24/7 again which I never ran into any problems with when I had 5 cards (four 1070 and one 1080 Ti), but now that I added one more 1080 Ti to max out the 6 card capacity on my mining rig, I got really worried about the electrical use. I toned down the power draw watts to 90 watts per 1070 card and 150 per 1080Ti card. I do notice that the 1080Ti works optimally with 160 watts with the ethenlargement pill.
submitted by Captmedu74 to MiningRig [link] [comments]

I want to get into "hobby"-mining. Questions about which GPU to buy! (Also, I am a Gamer and YouTuber!)

Good day everyone!
My old AMD HD 7970 broke some weeks ago and I intend to get into mining. But not 24/7, just for the fun of it. I do not view the price of the Graphics Card as a cost I have to calculate, because:
  1. I need a GPU to play games
  2. I have a active YT channel with over 2m views and 5k subs, and I need a good GPU to record and grow!
So if I do not use the GPU (which will be around 80% of the entire day) I will leave it on and mine.
Why? I am doing this because I want to support the decentralized network. I would not mine Bitcoin because huge ASICs are killing the idea of everyone mining individually. My support is little, but I like it.
So because I want to play games as well, I have to eliminate certain options. E.g. given the GPU's have to be the same and support SLI.
I have these GPUs in mind:
Arguably I need nothing more than one good GPU, so the SLI-Setup would indeed cost me extra money. But hey - I will have more FPS and in the future I planned to make a 3-Monitor setup to play games. So it does not matter!
I need more information about the performance of these GPU's. Any advice would be appreciated!
EDIT: Like how are the differences between the mining performance of these cards? I read somewhere that GDDR5X is not so good for mining, for example. All of these cards are enough for my (current) needs, and will also probably be for a long time. But as a gamer - you can never complain about more FPS!
submitted by SacredGuardianSS to gpumining [link] [comments]

[Build Help] Not sure which GPU to pick

Hey there folks, my friend has essentially given away to me his pc and I am happy with all the specs apart from the graphics cards, so I am looking to upgrade them (2GB Radeon 6950s in crossfire). I have a budget of £200 but I could be flexible and stretch it to around 230ish if its worth it. I am not too knowledgeable about PC's now a days so I am in need of some help. I should mention I am looking to do some hardcore gaming and play most of the new upcoming games at high/ultra setting.... if possbile :)
Here are the specs
-ASUS® P8Z68-V PRO: USB 3.0, SATA 6GB/s, NVIDIA®SLI™, ATI®CrossFireX™
-Intel® Core™i5-2500k Quad Core (3.30GHz, 6MB Cache) + HD Graphics
-I cant find what brand and everything the RAM was but its 8GB ram
I wont be changing any of those specs, but I think its enough to run the newer graphics cards?
I was looking at some pricing and it seems my options are a gtx 770 or a r9 280x ? My friend mentioned possible a used 290 but I am afraid most of those would be used for bitcoin mining and would leave the card damaged maybe? Also I am not sure what all this business is with mantle and should I prioritise an amd card?
I saw this card for £230 and it seems good I think but I have no idea what brands are good for the video cards and it confused me seeing the same card clocked at different speeds and with cooling options. Even when I do pick a card I am not sure which brand to get any links and suggestions would be appreciated. Thanks in advance for any and all help :)
submitted by Poliox to buildapc [link] [comments]

[FS] VERY cheap: Bunch of liquid cooling stuff: R9 290/290x waterblocks (4), GPU cooling linkers (3), Radiator/Pump/Reservoir combo.

My name is Josh. I am selling many liquid cooling components for roughly 50% off what FrozenCPU has them listed as. If somebody buys the whole lot immediately, I will drop the price from 50% off to 60% off. I'm willing to accept Bitcoin or Dogecoin as payment as well.
Here is the album of all products:
Why I'm selling:
I'm selling these items because I decided against liquid cooling. I was originally going to go with a 4x 290 liquid cooled setup, but my girlfriend took a sudden interest in gaming, so I decided to just build her a machine with 2 of the cards and forego the water cooling. I bought the parts from, and they don't allow returns of unopened items. I'm selling cheap because my apartment is filled with computer stuff and I need to clear it out ASAP.
Things to note:
submitted by joshsmad to computebazaar [link] [comments]

[US-MA][H]2x Heatkiller GPU-X GTX 680 reference water blocks, GTX 460 1GB and $$ [W]AMD 7970, 7950, or Bitcoins

I currently have 2 new, unused Heatkiller GPU-X3 GTX 680 "Hole Edition" water blocks. The Nickel / Black version. They are currently sitting around and I would like to find a good home for them after my current financial situation prevented me from obtaining the cards to go with them. I have given up my quest for SLI greatness and turned my eyes towards bitcoin mining/investing.
I am looking to part with the blocks for a 7950 (used or new, shipping situation negotiable) or a 7970 (I will pay shipping on all items, willing to pay difference or trade GTX 460 as well) or bitcoins (best offer).
The blocks are in perfect condition, never used. One has an open box but is still factory wrapped, the other is unopened. The GTX 460 I would like to keep unless it would allow me to obtain the 7970. It is a PNY XLR8 GTX 460 1GB version, reference clock speeds.
pics (will post the 460 if someone is interested):
Edit: I am willing to take cash for the blocks too, we can work that out if interested.
submitted by mattyp92 to hardwareswap [link] [comments]

CGMiner corrupting video drivers?

Hey Guys,
I'm at my wits end here. I'm trying to get my GPU mining btc so I can warm up my bedroom now that temps are falling. Seems like a cool way to keep the room cozy.
Motherboard: ASUS F2A55-M LE FM2 AMD A55 (Hudson D2) HDMI Micro ATX AMD Motherboard with UEFI BIOS
GPU: XFX Core Edition FX-787A-CNFC Radeon HD 7870 GHz Edition 2GB 256-bit GDDR5 PCI Express 3.0 x16
Memory: G.SKILL Sniper Gaming Series 16GB (2 x 8GB) 240-Pin DDR3 SDRAM DDR3 1600 (PC3 12800) Desktop Memory
SSD: SAMSUNG 840 Series MZ-7TD120BW 2.5" 120GB SATA III Internal Solid State Drive (SSD)
Power Supply: CORSAIR HX series HX650 650W ATX12V v2.2 / EPS12V 2.91 SLI Ready 80 PLUS GOLD Certified Modular Active PFC Power Supply
So here's the chain of events:
Fresh install of Windows from the ground up. All windows updates applied.
Installed chipset drivers for motherboard (AMD onboard drivers by and large).
Installed GPU drivers (Catalyst 12.8) plus AMD SDK.
Started up CGMiner 3.4.2 (stable on other builds). Immediate artifacts.
Quit CGMiner, artifacts remain.
Reboot system, entire screen is all blue with vertical white lines, system reboots in infinite loop.
Have to start in safe mode, use AMD driver cleaner to remove all AMD drivers but can't uninstall Catalyst Control Center b/c safe mode doesn't allow msi installs (??? really?).
Restart computer, re-install video card using Catalyst 12.8, try mining, get immediate artifacts.
Tried this three or four times, using Catalyst 12.8 and Catalyst 13.1, alternating PCIe slots with video card. No artifacts until I try to mine with CGMiner (with and without GPU autotune, with and without Memory autotune, alternate using "d" or "9" for intensity, makes no difference).
Used driver sweeper to remove all AMD drivers thinking that maybe the AMD cleaner is incompletely removing drivers (bad idea with AMD supported mobo).
Restart, normal mode BSODs with BUGCODE_USB_DRIVER error, safe mode is fine. I assume video card is dead and remove video card.
Notice motherboard drivers are missing. Reinstall motherboard drivers. Reinstall video card.
Install 13.9 Catalyst.
No issues with stress tests on GPU using video games or freeware stress tests, so I assume GPU is good, plus it is an RMA replacement for a known bad video card, plus issue happened on another known good video card, so I'm pretty confident ruling out an HW issue with the video card. Memtest86+ over 24 hours revealed no issues with RAM.
Anyone else have problems with CGMiner actively corrupting video card drivers? I'm assuming that's the issue because my system is stable until I try mining, and then I have to go through all this hoopla to get my system stable again. I'm at my wits end, and will probably give up on trying to heat my room with bitcoin unless someone has any idea what the hell is going on... Suggestions?
Edit: So it appears to be the video card after all. Evidently the first video card I tried really was a driver issue. When I replaced the first one, I replaced it with a bad video card. Fucking ugh.
submitted by zeusa1mighty to BitcoinMining [link] [comments]

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Hex-SLI mining

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