Anyone have Progpow benchmarks for Rx5700s? : gpumining

A few thoughts - Sunday, June 22, 2014

Good morning! I put 10-11 hours into the mining pool yesterday, so I wasn't able to post any thoughts then. I'm working to get the system as debugged as possible before a demo on Thursday to some miners.

Altcoins changing algorithms

Did you know that altcoins can randomly change algorithms? Neither did I. Apparently, some coins have code in them to automatically switch algorithms at a certain block number. You can be mining a coin, and then suddenly the next block isn't compatible with your equipment. I actually had to add a new error message to the system of "algorithm changed" to deal with this issue.
It seems that many of these changes are to move from scrypt to other algorithms. To me, that seems like a huge mistake that will cause most of those coins to die. With scrypt, you have many GPUs and ASICs available to mine the coin, and will achieve a much higher hashrate. Changing to an "ASIC-resistant" algorithm lowers the barrier to entry to bad people.
Some of these coins have current hashrates as low as 20Mh. That means that anyone can 51% attack the network from scratch with just 20Mh, or about $6000 at today's prices of graphics cards. They can just move onto the next coin after that. Meanwhile, coins that stick with algorithms where ASICs exist don't have this problem because ASICs are hard to obtain and are useless if the coin is killed.

Price uptick to begin momentarily

I suggested earlier this week that the price uptick in anticipation of the upcoming auction should begin today. Sure enough, the price rose $10 overnight, although 2% is hardly proof of any trend. I would expect price rises to continue later today. The price will reach a high either on Thursday or Friday, with perhaps the second-highest volatility in bitcoin's history on Friday. It's unlikely that volatility will ever surpass that Mt Gox crash in April 2013 where technically the price fell to $50, although nobody was actually able to buy at that price since the system was inaccessible.
Friday is one of those days like November 18 where the price could be rising $100/hr at times. Expect a correction next weekend.
As to what the ending price of the auction will be, that's a little harder to say. My first thought last week was around $1k for the highest bid, and some people in /bitcoinmarkets had suggested that, too. However, since there are so many blocks for sale, it's possible that the average price could be $800, while the highest price is an outlier.
Why would I suggest that people would bid so high? Because this is the upward side of the bubble cycle. These investors can read lowstrife's and moral_agent's charts and recognize that $1k is below the all-time-high of the previous cycle, which means that it would be unprecedented for bitcoins to ever fall below that figure again as this cycle ramps up. I do not believe that the price will close above the all-time-high because there is no reason to buy so many bitcoins now when the money can be invested in stocks and then the bitcoins purchased later at the same price.

More evidence of a tech bubble

The latest evidence of a tech bubble, which I mentioned last time, is in the form of a company called Uber. Uber develops software that allows people to hire unlicensed private cars for transportation. Taxi drivers staged a demonstration in protest of the company.
If people thought that bitcoins were a risky business to be in, I can't think of many business models that have more legal hurdles than that one. Despite that the company will likely be sued out of existence after the first accident, they are valued at $18m.
It seems that anyone can just throw together an app today and get VC money with no realistic business model. "Yo," at least, does have a "viable" model - sell the company to facebook for a few million bucks, then create a new app and do it again.

Cryptocoinsnews rejoices in its luck

The analyst at Cryptocoinsnews apparently reads moral_agent's bubble charts and is highly critical of them, as evidenced in his latest article about bitcoin prices. In it, he gloats that his prediction of a correction to $520 was correct. Of course, if you predict that the price is going to fall every single article, then you will be right at least once (just not when you say that bitcoins will be worth $120 in mid-May).
If you do a Google News search for bitcoins, Cryptocoinsnews is getting themselves up in the results with the likes of the Washington Post and the Wall Street Journal. How they do that is a miracle of SEO. I wanted to post a link here to the article that was posted on Friday, but it isn't on their front page anymore. If someone can figure out where that "price report" is, please link to it.

Other

submitted by quintin3265 to BitcoinThoughts [link] [comments]

Bitcoin Chart Technical Analysis for 03-25-2020 Bitcoin Charts: Last Call! 2020.05.13 EASY Way To Read Bitcoin Charts - BTC Technical Analysis ... Bitcoin Chart Technical Analysis for 11-12-2019 Bitcoin + Alts Price Chart & Analysis (May 20th, 2020)

Mining capability is measured in the number of attempts to find a block a miner can perform. Each attempt consists of creating a unique block candidate, and creating a digest of the block candidate by means of the SHA-256d, a cryptographic hashing function.Or, in short, a hash.Since this is a continuous effort, we speak of hashes per second or [H/s]. Exchange Rates; Exchange Current Rate Volume 24h 24h Rate 3d Rate 7d Rate; Binance: 0.03220900 6,887.09 BTC 0.03266093 0.03281442 0.03296635 HitBTC: 0.03217800 How to create a bitcoin account in nigeria. Account Funding In Crypto. Crypto Wallet how to start bitcoin trade in nigeria best technical analysis tools bitcoin City Index UK 6 Best Websites to Create Your Nigeria Bitcoin Wallet Note: Exchanges provide highly varying degrees of safety, security, privacy, and control over your funds and information. Bitcoin Mining Like most of the other cryptocurrencies, mining Bitcoin can only be profitable at some price levels. While some tout $4,000 as the minimum price for Bitcoin miners to break-even,it might be more or less depending on the electricity and machine cost. Mining Outcomes . To use a GPU miner will require that you buy some hardware. Accurate Ethereum mining calculator trusted by millions of cryptocurrency miners. Updated in 2020, the newest version of the Ethereum mining calculator makes it simple and easy to quickly calculate mining profitability for your Ethereum mining hardware.

[index] [20354] [16654] [9524] [4760] [3271] [30544] [18477] [15662] [27621] [24689]

Bitcoin Chart Technical Analysis for 03-25-2020

WOW!!! THIS BITCOIN CHART PREDICTS IT PERFECTLY! When will Bitcoin make you a MILLIONAIRE? Watch this! Also Technical analysis on Ethereum! $522 FREE on our ... Learn how to read stock charts and identify technical patterns as ClayTrader does a quick stock chart review on Bitcoin (Bitcoin). Watch more Bitcoin Technical Analysis Videos: https://claytrader ... Visit our website: https://altcoinbuzz.io Bitcoin tried to make a small rally today. Does that change the price prediction in the short term? How do you even... #Bitcoin #BTC #Live Click SHOW MORE below to see the crypto sites i use! ... bitcoin bear flag, bitcoin trading, bitcoin charts, bitcoin analysis, bitcoin swing trading, bitcoin live stream ... Bitcoin + Alts Price Chart & Analysis (March 24th, 2020) - Duration: 14:51. TheChartGuys 3,013 views. 14:51. Bitcoin Live - Tom Crown Tom Crown 174 watching. Live now

#