The world of cryptocurrencies is growing at an accelerated pace. The crypto market cap continues to grow with record breaking volumes. The basis for creating value in the crypto world is the mining process for major and veteran coins – with Bitcoin leading them.
After the widespread coverage of Ethereum on the Internet and publications, hordes of new investors rushed to exchanges to get their hands on ETH. This led to increased amounts of ETH buy orders on exchanges which led to higher prices.
Have you looked a shrinking cost/unit by using different components? I hear you on the reliability argument, but since you have a nice facility in which to work where noise isn’t a concern, why not try server psu with a breakout board? I’m playing around with a unit from parallelminer (from whom you source your rigs) that I quite like. It’s a bit too loud for the test stand at my desk under but I think it would work well in your facility–and it’s a fair bit cheaper than buying 1200w ATX power supplies.
I think it’s a “discovery” issue, because people hit the sharing button, then if they pick AirDrop, they see … nothing. So they ignore it and share to Facebook and never think of it again for the most part.
Please Note: The x-axis represents the selected time by which the funds are being measured. The y-axis represents the value of a $10,000 investment made at the start of the selected time frame or on the fund’s inception date, whichever is more recent.
If you are okay with the risks, then Zcash mining offers a way to monetize your NVIDIA GPU. We did try mining on Maxwell, and for that, Monero was more efficient. The impact of this cannot be understated. The Geforce GTX 1070, GTX 1080 and GTX 1080 Ti are still the top dogs for gaming, VR, deep learning, and most other deep learning activities, at least until AMD Vega launches and becomes available. With Zcash mining, NVIDIA GPUs can remain competitive on crypto mining profitability.
EG: And if the market tanks…? This is a huge risk for the companies using it, right? Startups are already risky enough. Now they have to worry about wild fluctuations in currency on top of everything else.
ETH holders, on the other hand, were not selling their tokens in an effort to drive the price as high up as possible. This lack of supply paired with an increased demand proves the basic economic statement; an item with high demand but low supply will rise in price – just like ETH.
There was a long period after the dao fiasco during which ICO’s were pretty much rare and few between. This has changed in the last 12 months, with projects popping up left and right. Most are based on the Ethereum blockchain, with hacks still happening even today: https://www.wired.com/2016/06/50-million-hack-just-showed-dao-human/
Please note that Zcash mining pools may change or add nodes without notifying us. Strongly advise you to make a research about admin operator who is behind the pool and visit mining forums to get a reputation of that pool before joining it.
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