Cryptocurrency

Looking at some articles I decided to calculate it.

An i7 3930K gives you about 60 MH/s the IBM Sequoia (6th most powerful computer in the world) is about 175,000 of those which equates to 10,500,000 MH/s or 10,500 GH/s. An ASIC does 14000 GH/s.

That running 24/7 gets you 0.351920 bitcoin in a year or ~$3,000 a year. Sequoia costs ~$25,000 in energy per day.

Not even close to worth it.

That would be if you just mined straight from the chain. Most miners use pool mining to increase the chance of hitting a block. This makes it difficult to calculate, plus built into the chain is the assessment of mining difficulty. You'd want to pulse the super computer so it didn't get calculated into the difficulty thus maxing profits. I believe most supercomputers also run on energy credits negotiated with the state in which they exist. All that said ASIC's mining is more efficient and specifically designed so I doubt anyone has tried it besides what I can only assume is an underpaid nuclear scientist.
 
Hey guys,

Quick post here, I expect Litecoin to make a run with the announcement of LitePay and LitePal. I personally increased my positions on this holding today. I will do some digging into the specifics of both programs in another post hopefully this week.
 
Hey guys,

Quick post here, I expect Litecoin to make a run with the announcement of LitePay and LitePal. I personally increased my positions on this holding today. I will do some digging into the specifics of both programs in another post hopefully this week.
Already up 32% on the day, how high do you think it will go?
 
  • Disagree
Reactions: Macloney
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Are you talking about BTC? I don't know if I should take profit on LTC or just hold it.

LTC!

I’m kidding. Where did you buy it at? I had some around $180 and some around $270. Sooooooooo I’m holding. I think they are doing some things to try and make some moves and I could see people getting behind it.

But for what it’s worth, I’m planning on holding all of mine crypto for quite a while so I wouldn’t be the one to ask about selling.
 
LTC!

I’m kidding. Where did you buy it at? I had some around $180 and some around $270. Sooooooooo I’m holding. I think they are doing some things to try and make some moves and I could see people getting behind it.

But for what it’s worth, I’m planning on holding all of mine crypto for quite a while so I wouldn’t be the one to ask about selling.
$160, I'm going to try to sell around $270-$300.
 
  • Disagree
Reactions: Macloney
Buying and selling isn't that hard to calculate gains. But my goodness, how hard would it be if you bought 1 BTC and then actually use it buying things for 0.00123 BTC randomly. What a paperwork nightmare.
 

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