• Welcome to TechPowerUp Forums, Guest! Please check out our forum guidelines for info related to our community.

The State of Cryptocurrency

Joined
May 31, 2016
Messages
4,323 (1.51/day)
Location
Currently Norway
System Name Bro2
Processor Ryzen 5800X
Motherboard Gigabyte X570 Aorus Elite
Cooling Corsair h115i pro rgb
Memory 16GB G.Skill Flare X 3200 CL14 @3800Mhz CL16
Video Card(s) Powercolor 6900 XT Red Devil 1.1v@2400Mhz
Storage M.2 Samsung 970 Evo Plus 500MB/ Samsung 860 Evo 1TB
Display(s) LG 27UD69 UHD / LG 27GN950
Case Fractal Design G
Audio Device(s) Realtec 5.1
Power Supply Seasonic 750W GOLD
Mouse Logitech G402
Keyboard Logitech slim
Software Windows 10 64 bit
I want to see Ray Traced bitcoin :) otherwise I don't care about mining. Actually it pisses me off. I remember the GPUs' prices going up so damn much and I hated it.
 
Joined
Jul 24, 2009
Messages
1,002 (0.19/day)
I want to see Ray Traced bitcoin :) otherwise I don't care about mining. Actually it pisses me off. I remember the GPUs' prices going up so damn much and I hated it.

Unsure how you mean it, but there was some development around using tensor cores for ETH mining, just didnt seem to work for much ppl (if anyone).
 
Joined
May 31, 2016
Messages
4,323 (1.51/day)
Location
Currently Norway
System Name Bro2
Processor Ryzen 5800X
Motherboard Gigabyte X570 Aorus Elite
Cooling Corsair h115i pro rgb
Memory 16GB G.Skill Flare X 3200 CL14 @3800Mhz CL16
Video Card(s) Powercolor 6900 XT Red Devil 1.1v@2400Mhz
Storage M.2 Samsung 970 Evo Plus 500MB/ Samsung 860 Evo 1TB
Display(s) LG 27UD69 UHD / LG 27GN950
Case Fractal Design G
Audio Device(s) Realtec 5.1
Power Supply Seasonic 750W GOLD
Mouse Logitech G402
Keyboard Logitech slim
Software Windows 10 64 bit
Unsure how you mean it, but there was some development around using tensor cores for ETH mining, just didnt seem to work for much ppl (if anyone).
Actually I started with this as a joke. Meaning a coin which will be RayTraced since it's digital. :) Now that you have mentioned it, does the RTXs' have better scaling in mining than GTX cards? I didn't look to this to be honest and I'm not sure. From what you're saying it should be better with tensor cores.
 
Joined
Jul 24, 2009
Messages
1,002 (0.19/day)
Actually I started with this as a joke. Meaning a coin which will be RayTraced since it's digital. :) Now that you have mentioned it, does the RTXs' have better scaling in mining than GTX cards? I didn't look to this to be honest and I'm not sure. From what you're saying it should be better with tensor cores.

About same, tweaked 1080 Ti (there is special registry hack for that) does around 50 Mh/sec in ethash, RTX 2080 Ti does 50 too.

Now question is if same Red Pill hack could be used on RTX or not. Kinda depends if GDDR6 has optimised internal latency settings or not (thats whole thing of that "hack" for 1080 Ti).

RX 64 does around 45 Mh/sec.

And RVII does.. 90 Mh/sec, so if you want to mine and dont mind noise (nobody who mines does) then RVII is best option by far. Its so efficient that if you get electricity price under 0.15 cent for KWh, you actually gain tiny bit of USD every month by mining. :D Ofc, its absolutely pointless since gain is so small that its just not worth it.

As far as I know, tensor cores mining doesnt work ATM.
 

FordGT90Concept

"I go fast!1!11!1!"
Joined
Oct 13, 2008
Messages
26,259 (4.65/day)
Location
IA, USA
System Name BY-2021
Processor AMD Ryzen 7 5800X (65w eco profile)
Motherboard MSI B550 Gaming Plus
Cooling Scythe Mugen (rev 5)
Memory 2 x Kingston HyperX DDR4-3200 32 GiB
Video Card(s) AMD Radeon RX 7900 XT
Storage Samsung 980 Pro, Seagate Exos X20 TB 7200 RPM
Display(s) Nixeus NX-EDG274K (3840x2160@144 DP) + Samsung SyncMaster 906BW (1440x900@60 HDMI-DVI)
Case Coolermaster HAF 932 w/ USB 3.0 5.25" bay + USB 3.2 (A+C) 3.5" bay
Audio Device(s) Realtek ALC1150, Micca OriGen+
Power Supply Enermax Platimax 850w
Mouse Nixeus REVEL-X
Keyboard Tesoro Excalibur
Software Windows 10 Home 64-bit
Benchmark Scores Faster than the tortoise; slower than the hare.
Joined
Aug 20, 2007
Messages
20,714 (3.41/day)
System Name Pioneer
Processor Ryzen R9 7950X
Motherboard GIGABYTE Aorus Elite X670 AX
Cooling Noctua NH-D15 + A whole lotta Sunon and Corsair Maglev blower fans...
Memory 64GB (4x 16GB) G.Skill Flare X5 @ DDR5-6000 CL30
Video Card(s) XFX RX 7900 XTX Speedster Merc 310
Storage 2x Crucial P5 Plus 2TB PCIe 4.0 NVMe SSDs
Display(s) 55" LG 55" B9 OLED 4K Display
Case Thermaltake Core X31
Audio Device(s) TOSLINK->Schiit Modi MB->Asgard 2 DAC Amp->AKG Pro K712 Headphones or HDMI->B9 OLED
Power Supply FSP Hydro Ti Pro 850W
Mouse Logitech G305 Lightspeed Wireless
Keyboard WASD Code v3 with Cherry Green keyswitches
Software Windows 11 Enterprise (legit), Gentoo Linux x64
special registry hack

Maybe borderline excessively specific, but it wasn't a registry hack but a closed source program that ran in the background and did god knows what.

I know because I tried to reverse engineer it and only found really strange code. It had something to do with memory timings though.
 

hat

Enthusiast
Joined
Nov 20, 2006
Messages
21,731 (3.43/day)
Location
Ohio
System Name Starlifter :: Dragonfly
Processor i7 2600k 4.4GHz :: i5 10400
Motherboard ASUS P8P67 Pro :: ASUS Prime H570-Plus
Cooling Cryorig M9 :: Stock
Memory 4x4GB DDR3 2133 :: 2x8GB DDR4 2400
Video Card(s) PNY GTX1070 :: Integrated UHD 630
Storage Crucial MX500 1TB, 2x1TB Seagate RAID 0 :: Mushkin Enhanced 60GB SSD, 3x4TB Seagate HDD RAID5
Display(s) Onn 165hz 1080p :: Acer 1080p
Case Antec SOHO 1030B :: Old White Full Tower
Audio Device(s) Creative X-Fi Titanium Fatal1ty Pro - Bose Companion 2 Series III :: None
Power Supply FSP Hydro GE 550w :: EVGA Supernova 550
Software Windows 10 Pro - Plex Server on Dragonfly
Benchmark Scores >9000
Why are we even talking about Radeon VII hashrate? My two 1070s right now get around 60. If Radeon VII gets 90, in the current market, you get what, a dollar per day? Congrats! I don't see anyone gobbling these things up to do mining when you got over 2 years ROI in a pathetic market. Not to mention, there seems very few to go around, anyway...

I'm still mining because the electricity doesn't bother me and I already have my hardware... hoping for BTC to go up at some point in the future. I wouldn't be adding more hardware...
 
Joined
Jul 24, 2009
Messages
1,002 (0.19/day)
Why are we even talking about Radeon VII hashrate? My two 1070s right now get around 60. If Radeon VII gets 90, in the current market, you get what, a dollar per day? Congrats! I don't see anyone gobbling these things up to do mining when you got over 2 years ROI in a pathetic market. Not to mention, there seems very few to go around, anyway...

I'm still mining because the electricity doesn't bother me and I already have my hardware... hoping for BTC to go up at some point in the future. I wouldn't be adding more hardware...

Probably cause its only card that can do it atm and you can buy it with reasonable amount of money.

Also its one of saving graces of RVII. :D
 
Joined
May 31, 2016
Messages
4,323 (1.51/day)
Location
Currently Norway
System Name Bro2
Processor Ryzen 5800X
Motherboard Gigabyte X570 Aorus Elite
Cooling Corsair h115i pro rgb
Memory 16GB G.Skill Flare X 3200 CL14 @3800Mhz CL16
Video Card(s) Powercolor 6900 XT Red Devil 1.1v@2400Mhz
Storage M.2 Samsung 970 Evo Plus 500MB/ Samsung 860 Evo 1TB
Display(s) LG 27UD69 UHD / LG 27GN950
Case Fractal Design G
Audio Device(s) Realtec 5.1
Power Supply Seasonic 750W GOLD
Mouse Logitech G402
Keyboard Logitech slim
Software Windows 10 64 bit
About same, tweaked 1080 Ti (there is special registry hack for that) does around 50 Mh/sec in ethash, RTX 2080 Ti does 50 too.

Now question is if same Red Pill hack could be used on RTX or not. Kinda depends if GDDR6 has optimised internal latency settings or not (thats whole thing of that "hack" for 1080 Ti).

RX 64 does around 45 Mh/sec.

And RVII does.. 90 Mh/sec, so if you want to mine and dont mind noise (nobody who mines does) then RVII is best option by far. Its so efficient that if you get electricity price under 0.15 cent for KWh, you actually gain tiny bit of USD every month by mining. :D Ofc, its absolutely pointless since gain is so small that its just not worth it.

As far as I know, tensor cores mining doesnt work ATM.
I could mine but I'm really not interested in this. Although it's good to know stuff out this. 90Mh/sec for RVII. That's impressive.
It might be that the tensor cores wont be utilized for mining ever.
 
Joined
Aug 20, 2007
Messages
20,714 (3.41/day)
System Name Pioneer
Processor Ryzen R9 7950X
Motherboard GIGABYTE Aorus Elite X670 AX
Cooling Noctua NH-D15 + A whole lotta Sunon and Corsair Maglev blower fans...
Memory 64GB (4x 16GB) G.Skill Flare X5 @ DDR5-6000 CL30
Video Card(s) XFX RX 7900 XTX Speedster Merc 310
Storage 2x Crucial P5 Plus 2TB PCIe 4.0 NVMe SSDs
Display(s) 55" LG 55" B9 OLED 4K Display
Case Thermaltake Core X31
Audio Device(s) TOSLINK->Schiit Modi MB->Asgard 2 DAC Amp->AKG Pro K712 Headphones or HDMI->B9 OLED
Power Supply FSP Hydro Ti Pro 850W
Mouse Logitech G305 Lightspeed Wireless
Keyboard WASD Code v3 with Cherry Green keyswitches
Software Windows 11 Enterprise (legit), Gentoo Linux x64
Anyone else been mining lately just to warm up their room? :O

Nah, my hearts just not in it like it used to be... not until I design a coin I like. And that'll probably never happen because lazy.

I did move my plasma screen back into the family room for heat though. God that thing is a furnace.
 

hat

Enthusiast
Joined
Nov 20, 2006
Messages
21,731 (3.43/day)
Location
Ohio
System Name Starlifter :: Dragonfly
Processor i7 2600k 4.4GHz :: i5 10400
Motherboard ASUS P8P67 Pro :: ASUS Prime H570-Plus
Cooling Cryorig M9 :: Stock
Memory 4x4GB DDR3 2133 :: 2x8GB DDR4 2400
Video Card(s) PNY GTX1070 :: Integrated UHD 630
Storage Crucial MX500 1TB, 2x1TB Seagate RAID 0 :: Mushkin Enhanced 60GB SSD, 3x4TB Seagate HDD RAID5
Display(s) Onn 165hz 1080p :: Acer 1080p
Case Antec SOHO 1030B :: Old White Full Tower
Audio Device(s) Creative X-Fi Titanium Fatal1ty Pro - Bose Companion 2 Series III :: None
Power Supply FSP Hydro GE 550w :: EVGA Supernova 550
Software Windows 10 Pro - Plex Server on Dragonfly
Benchmark Scores >9000
Anyone else been mining lately just to warm up their room? :O
I've never stopped mining since I got my cards... but it does have the benefit of kicking some heat out to keep the room warm.
 

Outback Bronze

Moderator
Staff member
Joined
Aug 3, 2011
Messages
1,868 (0.40/day)
Location
Walkabout Creek
System Name Raptor Baked
Processor 14900k w.c.
Motherboard Z790 Hero
Cooling w.c.
Memory 32GB Hynix
Video Card(s) Zotac 4080 w.c.
Storage 2TB Kingston kc3k
Display(s) Gigabyte 34" Curved
Case Corsair 460X
Audio Device(s) Onboard
Power Supply PCIe5 850w
Mouse Asus
Keyboard Corsair
Software Win 11
Benchmark Scores Cool n Quiet.

hat

Enthusiast
Joined
Nov 20, 2006
Messages
21,731 (3.43/day)
Location
Ohio
System Name Starlifter :: Dragonfly
Processor i7 2600k 4.4GHz :: i5 10400
Motherboard ASUS P8P67 Pro :: ASUS Prime H570-Plus
Cooling Cryorig M9 :: Stock
Memory 4x4GB DDR3 2133 :: 2x8GB DDR4 2400
Video Card(s) PNY GTX1070 :: Integrated UHD 630
Storage Crucial MX500 1TB, 2x1TB Seagate RAID 0 :: Mushkin Enhanced 60GB SSD, 3x4TB Seagate HDD RAID5
Display(s) Onn 165hz 1080p :: Acer 1080p
Case Antec SOHO 1030B :: Old White Full Tower
Audio Device(s) Creative X-Fi Titanium Fatal1ty Pro - Bose Companion 2 Series III :: None
Power Supply FSP Hydro GE 550w :: EVGA Supernova 550
Software Windows 10 Pro - Plex Server on Dragonfly
Benchmark Scores >9000
Joined
Aug 20, 2007
Messages
20,714 (3.41/day)
System Name Pioneer
Processor Ryzen R9 7950X
Motherboard GIGABYTE Aorus Elite X670 AX
Cooling Noctua NH-D15 + A whole lotta Sunon and Corsair Maglev blower fans...
Memory 64GB (4x 16GB) G.Skill Flare X5 @ DDR5-6000 CL30
Video Card(s) XFX RX 7900 XTX Speedster Merc 310
Storage 2x Crucial P5 Plus 2TB PCIe 4.0 NVMe SSDs
Display(s) 55" LG 55" B9 OLED 4K Display
Case Thermaltake Core X31
Audio Device(s) TOSLINK->Schiit Modi MB->Asgard 2 DAC Amp->AKG Pro K712 Headphones or HDMI->B9 OLED
Power Supply FSP Hydro Ti Pro 850W
Mouse Logitech G305 Lightspeed Wireless
Keyboard WASD Code v3 with Cherry Green keyswitches
Software Windows 11 Enterprise (legit), Gentoo Linux x64
lol no, as much as I would love to do something with frogs, I'd hope to make it distinct in more ways than just name.

One of my ideas was to make a proof of time based coin that issues itself, to tie into universal income which ma happen someday when our dear robots do everything for us. However, that's such a pipe dream right now I can't even fathom it. Plus I haven't conquered proof of identity/individuality yet.
 

hat

Enthusiast
Joined
Nov 20, 2006
Messages
21,731 (3.43/day)
Location
Ohio
System Name Starlifter :: Dragonfly
Processor i7 2600k 4.4GHz :: i5 10400
Motherboard ASUS P8P67 Pro :: ASUS Prime H570-Plus
Cooling Cryorig M9 :: Stock
Memory 4x4GB DDR3 2133 :: 2x8GB DDR4 2400
Video Card(s) PNY GTX1070 :: Integrated UHD 630
Storage Crucial MX500 1TB, 2x1TB Seagate RAID 0 :: Mushkin Enhanced 60GB SSD, 3x4TB Seagate HDD RAID5
Display(s) Onn 165hz 1080p :: Acer 1080p
Case Antec SOHO 1030B :: Old White Full Tower
Audio Device(s) Creative X-Fi Titanium Fatal1ty Pro - Bose Companion 2 Series III :: None
Power Supply FSP Hydro GE 550w :: EVGA Supernova 550
Software Windows 10 Pro - Plex Server on Dragonfly
Benchmark Scores >9000
to tie into universal income which ma happen someday when our dear robots do everything for us.

I don't think it's going to work like that...
 
Joined
Aug 20, 2007
Messages
20,714 (3.41/day)
System Name Pioneer
Processor Ryzen R9 7950X
Motherboard GIGABYTE Aorus Elite X670 AX
Cooling Noctua NH-D15 + A whole lotta Sunon and Corsair Maglev blower fans...
Memory 64GB (4x 16GB) G.Skill Flare X5 @ DDR5-6000 CL30
Video Card(s) XFX RX 7900 XTX Speedster Merc 310
Storage 2x Crucial P5 Plus 2TB PCIe 4.0 NVMe SSDs
Display(s) 55" LG 55" B9 OLED 4K Display
Case Thermaltake Core X31
Audio Device(s) TOSLINK->Schiit Modi MB->Asgard 2 DAC Amp->AKG Pro K712 Headphones or HDMI->B9 OLED
Power Supply FSP Hydro Ti Pro 850W
Mouse Logitech G305 Lightspeed Wireless
Keyboard WASD Code v3 with Cherry Green keyswitches
Software Windows 11 Enterprise (legit), Gentoo Linux x64

Outback Bronze

Moderator
Staff member
Joined
Aug 3, 2011
Messages
1,868 (0.40/day)
Location
Walkabout Creek
System Name Raptor Baked
Processor 14900k w.c.
Motherboard Z790 Hero
Cooling w.c.
Memory 32GB Hynix
Video Card(s) Zotac 4080 w.c.
Storage 2TB Kingston kc3k
Display(s) Gigabyte 34" Curved
Case Corsair 460X
Audio Device(s) Onboard
Power Supply PCIe5 850w
Mouse Asus
Keyboard Corsair
Software Win 11
Benchmark Scores Cool n Quiet.

dorsetknob

"YOUR RMA REQUEST IS CON-REFUSED"
Joined
Mar 17, 2005
Messages
9,105 (1.31/day)
Location
Dorset where else eh? >>> Thats ENGLAND<<<
Which cryptocurrency is safe right now to invest?
No cryptocurrency is inherently safe as a investment

they are all a speculative investment.
 
D

Deleted member 158293

Guest
Which cryptocurrency is safe right now to invest? I have been following during a few weeks. But still searching for a good one.

The entire crypto market just follows Bitcoin itself, make of that what you will.

Next Bitcoin block halving just a bit over 1 year away. Should get interesting then when Bitcoin block creation finally falls below reported USD inflation.
 
Joined
Jun 28, 2016
Messages
3,595 (1.27/day)
Which cryptocurrency is safe right now to invest? I have been following during a few weeks. But still searching for a good one.
Since you live in Bangladesh, why not simply put that money on a bank deposit? How much will you get? 8% yearly?
In many developed countries people would be happy earning so much on stock market.

Cryptocurrencies have almost no value. The stock price is artificial. It can move up or down without any reason. If you want to bet on it, fine.
But if you're into sport betting, it should be more profitable. :)
 
Joined
Aug 20, 2007
Messages
20,714 (3.41/day)
System Name Pioneer
Processor Ryzen R9 7950X
Motherboard GIGABYTE Aorus Elite X670 AX
Cooling Noctua NH-D15 + A whole lotta Sunon and Corsair Maglev blower fans...
Memory 64GB (4x 16GB) G.Skill Flare X5 @ DDR5-6000 CL30
Video Card(s) XFX RX 7900 XTX Speedster Merc 310
Storage 2x Crucial P5 Plus 2TB PCIe 4.0 NVMe SSDs
Display(s) 55" LG 55" B9 OLED 4K Display
Case Thermaltake Core X31
Audio Device(s) TOSLINK->Schiit Modi MB->Asgard 2 DAC Amp->AKG Pro K712 Headphones or HDMI->B9 OLED
Power Supply FSP Hydro Ti Pro 850W
Mouse Logitech G305 Lightspeed Wireless
Keyboard WASD Code v3 with Cherry Green keyswitches
Software Windows 11 Enterprise (legit), Gentoo Linux x64
Cryptocurrencies have almost no value.

The value is in the network of vendors that trade it. Which is admitedly, very thin and only getting thinner right now.
 

Space Lynx

Astronaut
Joined
Oct 17, 2014
Messages
15,800 (4.58/day)
Location
Kepler-186f
The value is in the network of vendors that trade it. Which is admitedly, very thin and only getting thinner right now.

Yet in the last 7 days big names have said they still think Bitcoin is the future.

Elon Musk said a few days ago Bitcoin is amazing and the future.
CEO of Twitter on Joe Rogan's podcast said he has a lot of Bitcoin and thinks its still the future.
Earlier today the VP of IBM stated Bitcoin is still the future, and he expects it to hit 1 million per coin someday still.


That being said, I think it's all talk, but humans are very irrational... so if it ever starts to rise again fast, it is very possible many people might try to hit the bandwagon same as last time, except this time it will be more well known so that means more people... I am considering buying 1 coin just for giggles, but I don't know yet. That is a lot of money to get burned on if it is a bad bet. lol (even just 1 coin at 5 grand I mean, that is a lot of money to me)
 
Joined
Jun 28, 2016
Messages
3,595 (1.27/day)
The value is in the network of vendors that trade it. Which is admitedly, very thin and only getting thinner right now.
1) The value may be based on BTC being a payment method. As you said, the group of accepting parties is small and shrinking.
Also, it has to be said that Bitcoin's value is coming from how much it is faster and cheaper than other methods. These methods are improving over time. Bitcoin isn't.
I assume we all understand that if traditional transfers were to catch up - for example simply because they're also based on a distributed ledger (-> J.P. Morgan), value of Bitcoin would be near zero.
2) I said "may be based" earlier, because we don't really know how to value this. I'd assume there have been thousands of attempts all over the world. I've read 3 large publications lately just from this year PhD candidates from my university. It's all theoretical however. We don't even know whether the actual value is lower or higher than current BTC price - let alone by how much.
Yet in the last 7 days big names have said they still think Bitcoin is the future.

Elon Musk said a few days ago Bitcoin is amazing and the future.
CEO of Twitter on Joe Rogan's podcast said he has a lot of Bitcoin and thinks its still the future.
Earlier today the VP of IBM stated Bitcoin is still the future, and he expects it to hit 1 million per coin someday still.
I'd say that Bitcoin (blockchain in general) has been such a hot topic for the last 2 years, that at any given moment in that period you could find 3 important tech managers that said something similar during the previous week.
Also, Elon Musk says whatever he wants to say. The guy doesn't even understand the responsibility he has when talking about companies he owns. Citing him seems pointless.
The anonymous "VP of IBM" you've mentioned is Lund, their Head of Blockchain. I'd assume he is simply fascinated by this subject, so I'm not surprised by his hopes. It's also in his interest to talk about it.
I have such a limited interest in Twitter, that I haven't known who the CEO is until now. I don't know this guy. But he'd be better of focusing on his company's financials.

I think it's worth to notice that all of them are in the tech sector. And we know many tech companies see blockchain as a great new product they could sell. The question is: who will they sell it to? The interest from outside of the tech sector is really slim.
If you've given me 3 names of managers from lets say: General Motors, Tesco and Airbus - talking about Bitcoin, that would be quite amazing.

But this is really funny to watch. Someone important says Bitcoin is the future and the whole crypto community gets a huge orgasm (yes, I've noticed the headlines). Like if this was the first time they've heard it.
 

Space Lynx

Astronaut
Joined
Oct 17, 2014
Messages
15,800 (4.58/day)
Location
Kepler-186f
Well said @notb

I never thought of it from that perspective, you are indeed making a lot of sense. I don't have enough savings to be wasting it on crypto, if I had more money to play with I might roll the dice, but I prefer to keep it nice and safe in the bank and just be careful with what I spend my money on, life is much easier that way I am learning, greed has destroyed a lot of my friends over the years, that dopamine release of the next thrill.
 
Top