Trade union density by country
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Bitcoin mining ubuntu cpu temperature
To all hosting providers, you guys are missing a trick or two here. It's high time you got organized and started offering mining rigs for rent. Why has this not been done yet?? Is it so hard to slap on a GPU or four and stick it in a datacenter?? Wouldn't be cost effective, you would need ASIC devices which cost in the thousands and use more power then an average server. Power is the number one point of sale at a datacenter. More power more cost, less power less cost. Right now GPU mining is very profitable.
There is a lot of demand if that's what you are worried about. Just look at how GPUs are being rationed by hardware retailers in the west. That is for one card. I know of no currency as of current that finds that pricing structure a feasible option. And maybe CloudSigma as they actively promote Primecoin mining as it is part of their installable OS image. But will it stay cheap? Every new server processing crypto coins makes it harder for everyone else.
You would have to buy faster and faster machines. Because a decent GPU is several hundred bucks or several thousands if you mean really top-end and you have to subtract the power to run it and the host. For LET support, please click here. The problem with people when it comes to crypto currencies is that they don't look deep enough into it. That's why they get surprised when people who have looked into it point out stuff to them.
Or you could just colo your own mining rigs and take all the mining profits yourself, rather than presumably giving a cut to the customer.
Unless mining is not going to be profitable, of course, in which case your original suggestion makes no sense. The above examples are about bitcoin mining with ASICs. I am sure people are doing this for GPU mining as well but I don't know of any public reports about this.
LeaseWeb is offering GPU servers. They're not cheap, though, and I doubt they had cryptocurrencies in mind when setting these up. Yes you could do that and people are doing that on a massive scale:.
That's kind of the point. There's no reason, profitability-wise, to "rent out" mining capacity, unless you have a questionable agenda such as network takeovers, where the main goals are extreme growth and not being challenged on your operation. That would explain why hosts aren't doing it. I should point out that this is quite different from renting out processing power in general; for most usecases video transcoding, hash cracking, etc. On the Bitcoin network, everybody is equal, in the sense that any person would be able to fairly trivially set up a mining operation and gain the same profits as anybody else.
Renting out computing power for that specific purpose thus makes no sense from a business perspective. Yes I would expect this sort of argument from you. In another thread you basically went and said that you didn't believe in specialization.
There is more to alt-coin mining than just the hardware. The argument about whether you should rent or use it yourself can be made for pretty much any usecase.
Why offer hosting for blogs monetized with adsense when you can use all your hosting space to start your own blogs? Or your own whatever? You know if you own a popular site then, depending on the niche, you can recover your monthly hosting cost within days. The rest of the month is pure profit. There is more equality in alt-coin mining than bitcoin mining. Bitcoin mining is now becoming centralized in the hands of ASIC manufacturers. Try buying an ASIC and see how it goes. You have to pre-order it and pay through the nose to boot.
What would be the benefits of ASIC manufactures for selling the devices instead of mining with them, themselves? Every new miner makes it harder for every other miner. Thus you need faster and faster devices to garner the same profit. In the case of ASIC manufactures, the more devices they sell, the more devices need to be purchased to keep a profitable mining operation running, as those old GPUs become slower and slower in the mining operation.
It's simply saying the more people mine the higher the difficulty of mining them. This applies to all coins. Which is why no can currently serve miners well at this point. The large increase in bitcoin miners has caused the value of bitcoin to drop as supply increases.
Until we see more stability in bitcoin, providers hosting miners will not be economical. InfoRelay Online Systems, Inc. There's no easy answer, but selling 10K units may be easier than trying to mine with 10K units. It depends on the business you want to run, as some manufacturers are just that I looked a little into other currencies an found it very interesting. I think everyone's fear is that it's just a ponzi scheme when it comes to mining. There's a ton of ways you can exploit price differences between exchanges and currencies.
So for long term it is totally unadvised to be a miner, unless you would like to pulverize your profit for new mining machines? Im not saying that, I am saying it is unadventurous to mine bitcoin with a CPU.
You can also most stand to reason at this point that GPUs are ineffective as well. Difficulty shot up quickly and, as difficulty increased, payouts per block decreased. That person is quickly mining the majority of XPM in the pool and running the difficulty up.
At that point, I'll just use the coin I've already mined and trade in the market. For three months of mining, I expect to have. Not worth the money to buy equipment but, if you have it laying around doing nothing, give it a shot.
Have you tried Protoshares mining? I think that would be produce you more that your can trade and make profit with. What arbitrage tool are you using? Im using this one http: Your calculations are all wrong. Try again with Primecoins and protoshares. As long as there is a need, there is a way. If they wish to push these currencies underground not much choice, really, their own currencies are losing credibility then they can expect to confront a really illegal mean of payment which will also create mafias who need some alternative payment ways.
As a government, I wouldnt have much choice but to resist however, in the long term, only fixing the laws and economy will really stop the rise of these currencies. It is the rise of the common man, understanding his power and uniting over the internet.
There will be a revolution or the governments will turn back to democracy. Extremist conservative user, I wish to preserve human and civil rights, free speech, freedom of the press and worship, rule of law, democracy, peace and prosperity, social mobility, etc.
Now you can draw your guns. Community Rules Rules for selling Need help? It looks like you're new here. If you want to get involved, click one of these buttons!
Categories All Categories Please read our 'Community Rules' by clicking on it in the right menu! Mun Member without signature. February edited February You don't need internet speed for mining. I know I mean it will be very good if both are cheap.
Still won't make any money. Is that a typo? I mean they raised prices more than usual last years because of bad economic situation. Right now GPU mining is very profitable really? As I said GPU mining altcoins is profitable and always has been. Yes you could do that and people are doing that on a massive scale: Thanks for the explanation.
I was wrong, sorry: Litecoin is not equal to bitcoin.