Even though the estimates are all over the place we an make some predictions based on performance of past models.
Over time Bitcoin has gone from being a highly decentralized network with thousands of computers mining for coins, to the consolidation of miners into pools, then finally the mega mining farms running ASIC hardware. The result is Bitcoins are now mined by only a handful of pools. This brings increasing risk to the network, as all it takes is for a major player to be taken out and the bitcoin network would stall.
Just a little advice for you guys out there that might over load your washer.... Don't! I learned this the hardway when our LG Washer grenaded itself during the spin cycle. What wonder piece of laundry was responsible for this? Our water proof mattress protector. Let me explain.
As more time goes by the difficulty to mine bitcoin gets higher. Difficulty ultimately determines how much electricity its going to take to mine a single Bitcoin. Using WhatToMine.com's ASIC page I calculated that anyone with electricity that costs more than 26 cents per KWH is now spending more to mine, than they are earning.
Gamers want to know when Miners will stop hogging all the GPUs. Here is your answer.
I can't believe the amount of time I have wasted to discover this. I recently decided to upgrade one of my computers from the EVGA 1300 G2 Power Supply to the EVGA 1600 G2 Power Supple. I just swapped the supplies and the system booted right up. Then a couple weeks later I decided to put my old 1300 G2 into a new build, and it would boot.
Bitcoin has rised to $6000 a coin. This has encouraged many in the investment community to label it as a bubble that is backed by nothing. Yes I haven't heard a single person from the tech industry with the same view. Lets for a second pretend that one day Bitcoin Crashed. I don't mean a sudden short term drop in value, I am talking that the market for bitcoin was absolutely destroyed. where your bitcoins were worth absolutely nothing. What would happen to everyone who was benefiting from bitcoin.
I am going to start a new series of blogs dedicated to my 1997 Honda Prelude. Lets call it the adventures of owning a 20 year old Honda. This weeks blog takes us into repairing the Power Steering Hose on the high pressure side.
For as long as i can remember HP laptops have always had issues with staying cool. This doesn't just apply to HP laptops though, most brands of laptops at some time during their life will run into issues over heating. I have been repairing laptops for years, and what i am going to show you is the most common reason for a laptop overheating and how to fix it.
Recently I decided to utilize my workstation's video cards to mine for Ethereum while I am not working and sleeping. My 2 GTX 1080 running 24/7 should yield me about $100 / month, not taking out electricity cost or wear and tear on my hardware. But then I started to wonder where will the Peak in Ethereum be? So I worked the numbers.