<p dir="ltr">Realistically you'll want to dig around and pick a method that is a proof of work coin that doesn't require sketchy investments in strange foreign asic manufacturers. </p>
<p dir="ltr">There was a company Butterfly Labs who's infamous for the fact they'd take your money and invest it in mining on your hardware then eventually they'd send it to you. </p>
<br><div class="gmail_quote"><div dir="ltr">On Tue, Oct 10, 2017, 11:31 PM Ron Singh <<a href="mailto:ronsingh149@gmail.com">ronsingh149@gmail.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr"><div class="gmail_default" style="font-family:tahoma,sans-serif">Yes, this plays out it seems as per the comments from the miners.<br></div><div class="gmail_default" style="font-family:tahoma,sans-serif">I think though that I like the idea of playing with the Pi as per Cranky, there is no real cost involved, a few pesos for a Pi3vB as shown here:<br><a href="https://www.buyapi.ca/product/raspberry-pi-3-model-b-armv8-with-1g-ram/" target="_blank">https://www.buyapi.ca/product/raspberry-pi-3-model-b-armv8-with-1g-ram/</a><br></div><div class="gmail_default" style="font-family:tahoma,sans-serif">so no real cost to recoup.<br><br></div><div class="gmail_default" style="font-family:tahoma,sans-serif">Toss Raspbian on it and see how it flies. <br>Given the low-power nature of the thing, would be a great learning experience for very little investment. <br>I do believe I am game to start playing with this just to get my feet wet. <br>I am regurgitating the info I have read on the 'net and what my Alberta buddy is saying, I need to play and learn some.<br></div><div class="gmail_default" style="font-family:tahoma,sans-serif"><br></div></div><div class="gmail_extra"></div><div class="gmail_extra"><br clear="all"><div><div class="m_7605208960467390140gmail_signature" data-smartmail="gmail_signature">Thanks,<br><br>Ron Singh<br>"in transit, via mobile comm device"</div></div>
<br></div><div class="gmail_extra"><div class="gmail_quote">On Tue, Oct 10, 2017 at 10:43 PM, Bob Jonkman <span dir="ltr"><<a href="mailto:bjonkman@sobac.com" target="_blank">bjonkman@sobac.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">-----BEGIN PGP SIGNED MESSAGE-----<br>
Hash: SHA1<br>
<br>
Chances are, the lower the power (both CPU and electricty), the lower<br>
the available-CPU to consumed-power ratio. In other words, you if you<br>
scale back, you reduce CPU processing power more quickly than you<br>
reduce the power consumed. At some point, you have zero available CPU<br>
power but are still consuming power (think lightbulb or heating pad).<br>
<br>
You'll get better return as you ramp up: Increasing the CPU by a<br>
certain amount will also increase electricity use, but at a slower<br>
increasing rate. There's a higher initial cost, but it should take<br>
less time to recover that cost than for a low power rig.<br>
<br>
A few years ago I read that running GPU rigs is less efficient than<br>
creating FPGA devices, and once you've got those it's a short step to<br>
ASICs, which are more efficient still. And an ASIC is likely to be<br>
specific to one type of currency, and so has no resale value for<br>
genera-purpose computing. After ASICs there'll be single<br>
Systems-On-a-Chip...<br>
<br>
I can't find the article I read, but the Duck has plenty of info:<br>
<a href="https://duckduckgo.com/html?q=bitcoin+fpga+asic&t=gnu" rel="noreferrer" target="_blank">https://duckduckgo.com/html?q=bitcoin+fpga+asic&t=gnu</a><br>
<br>
- --Bob.<br>
<br>
<br>
On 2017-10-10 03:55 PM, CrankyOldBugger wrote:<br>
> I was wondering if a little Raspberry Pi could do the job, while<br>
> only consuming a wee bit of hydro. I realize it won't make<br>
> millions overnight, but it'd be fun to see a few bucks here and<br>
> there...<br>
><br>
><br>
> On Tue, 10 Oct 2017 at 15:54 Ron Singh <<a href="mailto:ronsingh149@gmail.com" target="_blank">ronsingh149@gmail.com</a>><br>
> wrote:<br>
><br>
>> Yeah, it is all about hash rates and electricity rates.<br>
>><br>
>> Thanks,<br>
>><br>
>> Ron Singh "in transit, via mobile comm device"<br>
>><br>
>> On Tue, Oct 10, 2017 at 3:44 PM, CrankyOldBugger <<br>
>> <a href="mailto:crankyoldbugger@gmail.com" target="_blank">crankyoldbugger@gmail.com</a>> wrote:<br>
>><br>
>>> I saw a similar argument regarding solar panels from a guy in<br>
>>> Alberta who stated "if I lived in Ontario, these panels would<br>
>>> have paid for themselves by now".<br>
>>><br>
>>> So what I understand from you, Ron, is that bitcoin mining is<br>
>>> profitable if you don't have to pay Ontario electricity<br>
>>> rates..<br>
>>><br>
>>><br>
>>><br>
>>> On Tue, 10 Oct 2017 at 15:41 Ron Singh <<a href="mailto:ronsingh149@gmail.com" target="_blank">ronsingh149@gmail.com</a>><br>
>>> wrote:<br>
>>><br>
>>>> I have a friend in Calgary(flat rate of sub.$05/kwh) making<br>
>>>> $240 with 5 of the RX580 video cards. He is happy with the<br>
>>>> warming of his house due to the 780w draw of his rig. Mind<br>
>>>> you, he had 2800 tied up in hardware for his rig. It will<br>
>>>> take him about a year to recoup his capital costs and<br>
>>>> perhaps even more time if anything dies right after the 1<br>
>>>> year warranty is over on his vid cards. I check my figures<br>
>>>> for 120v juice and I came up with an average of 17.7<br>
>>>> cents/kwh over a 24 hour period in Waterloo with TOU and<br>
>>>> Hydro One's "Global Adjustment" extortion factored in.<br>
>>>><br>
>>>> I just don't see any payback doing mining in Ontario,<br>
>>>> especially with the proof of work demanding more gpu cycles<br>
>>>> as time goes on.<br>
>>>><br>
>>>> A mining farm in Alberta would be the ticket<br>
>>>><br>
>>>> Thanks,<br>
>>>><br>
>>>> Ron Singh "in transit, via mobile comm device"<br>
>>>><br>
>>>> On Tue, Oct 10, 2017 at 3:19 PM, CrankyOldBugger <<br>
>>>> <a href="mailto:crankyoldbugger@gmail.com" target="_blank">crankyoldbugger@gmail.com</a>> wrote:<br>
>>>><br>
>>>>> While I'm very curious about bitcoin and related<br>
>>>>> ecurrencies, I have to ask... is anyone here making any<br>
>>>>> money off of this?<br>
>>>>><br>
>>>>><br>
>>>>> On Tue, 10 Oct 2017 at 14:23 <a href="mailto:bob%2Bkwlug@softscape.ca" target="_blank">bob+kwlug@softscape.ca</a> <<br>
>>>>> <a href="mailto:bob%2Bkwlug@softscape.ca" target="_blank">bob+kwlug@softscape.ca</a>> wrote:<br>
>>>>><br>
>>>>>> I am not affiliated and saddened that simply buying the<br>
>>>>>> books does not load them into my brain, but if anyone is<br>
>>>>>> interested:<br>
>>>>>><br>
>>>>>> <a href="https://www.humblebundle.com/books/bitcoin-cryptocurrency-books" rel="noreferrer" target="_blank">https://www.humblebundle.com/books/bitcoin-cryptocurrency-books</a><br>
>>>>>><br>
>>>>>><br>
>>>>>><br>
>>>>>><br>
Bob.<br>
>>>>>><br>
>>>>>><br>
>>>>>><br>
>>>>>> _______________________________________________<br>
>>>>>> kwlug-disc mailing list <a href="mailto:kwlug-disc@kwlug.org" target="_blank">kwlug-disc@kwlug.org</a><br>
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>>>>>><br>
>>>>><br>
>>>>> _______________________________________________ kwlug-disc<br>
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><br>
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><br>
<br>
- --<br>
Bob Jonkman <<a href="mailto:bjonkman@sobac.com" target="_blank">bjonkman@sobac.com</a>> Phone: <a href="tel:%2B1-519-635-9413" value="+15196359413" target="_blank">+1-519-635-9413</a><br>
SOBAC Microcomputer Services <a href="http://sobac.com/sobac/" rel="noreferrer" target="_blank">http://sobac.com/sobac/</a><br>
Software --- Office & Business Automation --- Consulting<br>
GnuPG Fngrprnt:04F7 742B 8F54 C40A E115 26C2 B912 89B0 D2CC E5EA<br>
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Comment: Ensure confidentiality, authenticity, non-repudiability<br>
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