Jump to content


Photo
- - - - -

i hate bit coins...........


  • Please log in to reply
28 replies to this topic

#13 ir_cow

ir_cow

    I Am A Cow...

  • Reviewer
  • PipPipPipPipPipPip
  • 6400 posts
  • Gender:Male
  • Location:WA

Posted 08 July 2017 - 08:22 PM

Folding coins isn't technically mining at all. Curecoin is though.


IR Twitter / OCC YouTube Channel / NVIDIA OC Guides; 1070, 1070 Ti, 1080 Ti, 2080

OCC Best AMD Motherboard Picks 2018 / OCC Best Mid ATX Computer Cases 2018

Main Rig: Threadripper 1920X, GIGABYTE X399 Designare EX, NVIDIA RTX 2080, Intel 730(s) 480GB, 32GB [email protected], Seasonic 1000w Plat.

Review Test Rig: : i7-4770k @ 4.2ghz, MSI-GD65 Gaming, Geforce GTX 770 , Corsair Force GT 240 GB, Patriot 16 GB 2400 (2x8gb), Thermaltake 750w.


#14 scr4wl

scr4wl

    R34CT1V4T3D

  • Members
  • PipPipPipPipPip
  • 2989 posts
  • Gender:Male
  • Location:New Mexico

Posted 08 July 2017 - 09:05 PM

The mining portion of curecoin is done on asics, which is less similar to gpu mining then folding.

If you are folding purely for coin you are essentially mining, running a proof of work algorithm on your gpu. The work being the protien folding simulation.

Generic Most Awesome Sig


#15 ir_cow

ir_cow

    I Am A Cow...

  • Reviewer
  • PipPipPipPipPipPip
  • 6400 posts
  • Gender:Male
  • Location:WA

Posted 08 July 2017 - 09:21 PM

I guess we have difference of opinions of what the definition of mining is. I don't consider folding a type of mining in any way shape or form.


IR Twitter / OCC YouTube Channel / NVIDIA OC Guides; 1070, 1070 Ti, 1080 Ti, 2080

OCC Best AMD Motherboard Picks 2018 / OCC Best Mid ATX Computer Cases 2018

Main Rig: Threadripper 1920X, GIGABYTE X399 Designare EX, NVIDIA RTX 2080, Intel 730(s) 480GB, 32GB [email protected], Seasonic 1000w Plat.

Review Test Rig: : i7-4770k @ 4.2ghz, MSI-GD65 Gaming, Geforce GTX 770 , Corsair Force GT 240 GB, Patriot 16 GB 2400 (2x8gb), Thermaltake 750w.


#16 scr4wl

scr4wl

    R34CT1V4T3D

  • Members
  • PipPipPipPipPip
  • 2989 posts
  • Gender:Male
  • Location:New Mexico

Posted 08 July 2017 - 09:27 PM

Folding is not mining, you are right about that.

FoldingCoin, which was my example, is distributed in the same way that gpu mine-able altcoins are distributed. Via work done on a GPU or CPU.

If FLDC is really as lucrative as it appears to be, you will see (or are seeing) many people buy 1070's and 1080's simply to earn FLDC. If they're doing it for the money, I don't see it as any different from someone "Mining". The nice thing about it is the dev's are rewarding people for helping research medicines. It's still technically PoW though, and is still an example of how purchasing a GPU to put to work 24/7 in order to earn some altcoin can do some good.

Edited by scr4wl, 08 July 2017 - 09:40 PM.

Generic Most Awesome Sig


#17 ir_cow

ir_cow

    I Am A Cow...

  • Reviewer
  • PipPipPipPipPipPip
  • 6400 posts
  • Gender:Male
  • Location:WA

Posted 08 July 2017 - 09:52 PM

True and I'm folding just for the coins. Its strange that I don't like mining.  But I'm okay with folding because of the benefits it gives to humanity. I don't see how mining does that at all other than deplete the worlds resources that much faster.

 

I kind hope people jump on folding because than the coins value goes up. it's a win win in my book even if I jump out of it at some point.


IR Twitter / OCC YouTube Channel / NVIDIA OC Guides; 1070, 1070 Ti, 1080 Ti, 2080

OCC Best AMD Motherboard Picks 2018 / OCC Best Mid ATX Computer Cases 2018

Main Rig: Threadripper 1920X, GIGABYTE X399 Designare EX, NVIDIA RTX 2080, Intel 730(s) 480GB, 32GB [email protected], Seasonic 1000w Plat.

Review Test Rig: : i7-4770k @ 4.2ghz, MSI-GD65 Gaming, Geforce GTX 770 , Corsair Force GT 240 GB, Patriot 16 GB 2400 (2x8gb), Thermaltake 750w.


#18 scr4wl

scr4wl

    R34CT1V4T3D

  • Members
  • PipPipPipPipPip
  • 2989 posts
  • Gender:Male
  • Location:New Mexico

Posted 08 July 2017 - 10:09 PM

I hope the value of fldc increases as well. ;)

As for depleting the worlds resources faster.., yeah that's the major downside to the whole thing.

Like I said earlier some of these massive networks are put to somewhat good use. The Ethereum network is pretty cool, and if you do some research it makes sense why its value increased so much. Unfortunately the increasing value has not kept up with the difficulty.

Here is a list of some of the dapps built to run on the eth network:

dapps.ethercasts.com

Generic Most Awesome Sig


#19 ccokeman

ccokeman

    ????????????

  • Reviewer
  • PipPipPipPipPipPipPip
  • 12447 posts
  • Gender:Male

Posted 09 July 2017 - 04:10 PM

Folding for folding coin is mining in my eyes. There is the side benefit of helping look for a cure for all sorts of terrible afflictions from Alzheimer's to Cancer. But Folding purely for coin is mining!   


Processor Intel Core I7 4690X  4.3Ghz
Memory G.Skill RipJaws  32GB 2400Mhz
Motherboard ASUS Rampage IV BE
Graphics  GTX TitanX x2
Power Corsair AX 1200,
Monitor ASUS PQ321Q
Cooling Liquid by comittee

Storage  OCZ RevoDrive 350 480GB  Seagate 8TB
Follow OCC on facebook.png


#20 jdm_freek

jdm_freek

    Certified Geek

  • Members
  • PipPipPipPip
  • 1330 posts
  • Gender:Male

Posted 09 July 2017 - 06:37 PM

Folding for folding coin is mining in my eyes. There is the side benefit of helping look for a cure for all sorts of terrible afflictions from Alzheimer's to Cancer. But Folding purely for coin is mining!   

not to be the turd in the punch bowl but there will never be a cure for either both are caused by things we are exposed to and ingest and until we stop it will 

continue.


Cpu intel 8600k @ 5ghz 1.22v

Evga CLC 280

Msi z370 sli plus

2x8GB viper ddr4 3200

Evga Gtx 1080 FTW hybrid

Evga 750b

Amd r7 240 gb ssd

cooler master Masterbox 5 pro RGB


#21 jdm_freek

jdm_freek

    Certified Geek

  • Members
  • PipPipPipPip
  • 1330 posts
  • Gender:Male

Posted 09 July 2017 - 06:43 PM

either way i cant wait for ethereum to collapse gpu prices will plummet like they always do 


Cpu intel 8600k @ 5ghz 1.22v

Evga CLC 280

Msi z370 sli plus

2x8GB viper ddr4 3200

Evga Gtx 1080 FTW hybrid

Evga 750b

Amd r7 240 gb ssd

cooler master Masterbox 5 pro RGB


#22 scr4wl

scr4wl

    R34CT1V4T3D

  • Members
  • PipPipPipPipPip
  • 2989 posts
  • Gender:Male
  • Location:New Mexico

Posted 09 July 2017 - 07:15 PM

It isn't just ethereum. There are several gpu mineable algorithms that are profitable, each with several coins that are profitable to mine with said algs.

Maybe some will be asic'd, maybe not. No reason to hate the currency though, it's just one of several factors that lead to the price increase.

Generic Most Awesome Sig


#23 xenkw0n

xenkw0n

    Member

  • Members
  • PipPip
  • 221 posts
  • Gender:Male

Posted 10 July 2017 - 07:43 AM

The prices will come down.  They always do.  It's a bubble.

 

You're also asking companies to cut profits simply because gamers are getting screwed over right now, which will never happen.



#24 jdm_freek

jdm_freek

    Certified Geek

  • Members
  • PipPipPipPip
  • 1330 posts
  • Gender:Male

Posted 10 July 2017 - 03:35 PM

The prices will come down.  They always do.  It's a bubble.

 

You're also asking companies to cut profits simply because gamers are getting screwed over right now, which will never happen.

its not the mfg companies that are profiting from this its the retailers I,E newegg , amazon 


Cpu intel 8600k @ 5ghz 1.22v

Evga CLC 280

Msi z370 sli plus

2x8GB viper ddr4 3200

Evga Gtx 1080 FTW hybrid

Evga 750b

Amd r7 240 gb ssd

cooler master Masterbox 5 pro RGB