1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Other Cryptocurrency

Discussion in 'General' started by MLyons, 6 Dec 2017.

  1. David

    David μoʍ ɼouმ qᴉq λon ƨbԍuq ϝʁλᴉuმ ϝo ʁԍɑq ϝμᴉƨ

    Joined:
    7 Apr 2009
    Posts:
    15,071
    Likes Received:
    3,443
    My 3090 VRAM was hitting TJ max (110 degrees) when mining. Even when dropping the hashrate to about 92MH/s, which is approx 80% of it's mining capacity. Spending £40 on better quality thermal pads and an hour with the screwdrivers dropped the VRAM temp to 90 degrees while pushing ~ 114MH/s.

    Well worth the expense.
     
    Isitari likes this.
  2. Gareth Halfacree

    Gareth Halfacree WIIGII! Staff Administrator Super Moderator Moderator

    Joined:
    4 Dec 2007
    Posts:
    14,548
    Likes Received:
    3,354
    Got my first payment from Nanopool today: 0.1 Eth, about £155. Neat experiment, but I'll give it a break now: general performance was fine, but it made image editing slow. I could just mine when I'm not working or only at night or something, but that involves effort - and it's already a month and a half between payments, which is a big commitment. If I change my mind a month in, that money's lost (unless I drop the payout limit and eat the gas fees, I guess.)

    Might be a different story if I had something gruntier than a 2080!
     
  3. David

    David μoʍ ɼouმ qᴉq λon ƨbԍuq ϝʁλᴉuმ ϝo ʁԍɑq ϝμᴉƨ

    Joined:
    7 Apr 2009
    Posts:
    15,071
    Likes Received:
    3,443
    OK, earning bitcoin is one thing, but cashing out seems to be a problem.

    Nicehash won't let you withdraw to a bank account unless you confirm ID by uploading your passport - I don't have one. I haven't been abroad in over 20 twenty years.

    No problem - transfer the bitcoin to Coinbase Pro and cash out there. Yeah... it refuses to verify bank accounts and just throws up a vague error and they don't seem to respond to queries - there are armfuls of examples online, with no apparent attempt at resolution from Coinbase.

    Can anyone recommend an online wallet/service that lets you cash out without reaming you?
     
  4. Gareth Halfacree

    Gareth Halfacree WIIGII! Staff Administrator Super Moderator Moderator

    Joined:
    4 Dec 2007
    Posts:
    14,548
    Likes Received:
    3,354
    Every single exchange (not wallet) which operates in the UK requires KYC and AML - Know Your Customer and Anti Money Laundering. You have to prove your ID, no exceptions.

    That is, unless you're happy not actually using a company. LocalBitcoins puts you in touch with randomers who want to buy your crypto (or sell you crypto), and 'cos it's just introducing two individuals there used to be no KYC/AML involved. 'course, because it's just introducing two individuals there's no guarantee you're not going to get ripped off. It has protections in place, but they ain't perfect - and not a damn one will protect you against it turning out you got paid from a hacked bank account and the transfer gets reversed.

    Back in 2019 - long after I last used it - KYC was added, but it's less onerous than most and only really kicks in after €1,000.

    There's also a fully-decentralised one I used a few years ago, but I'm damned if I can remember the name. It went pretty smoothly, from memory, but you had to keep the software running until the transaction was fully complete.

    Your other option is to sell it on the marketplace - or just spend it. Purse.io lets you spend Bitcoin on Amazon by pairing you with randomers who accept your Bitcoin and buy your goods for you. I used it backwards a couple of times - I received Bitcoin and bought some stuff for a guy in Mexico and another guy in Japan - and it went pretty smoothly. It's ripe for fraud, though, 'cos the person who's buying on your behalf could well be doing so with stolen gift vouchers or a stolen credit card...

    EDIT:
    Ah, snap, that properly decentralised one is Bisq. Absolutely no KYC or AML at all, but I remember when I used it - which was, granted, a long time ago, and under a different name I've already forgotten - it had liquidity problems. Should work for small-volume trades, though, but again there's the risk you'll be paid from an illegitimate source.
     
    Last edited: 12 Apr 2021
    David likes this.
  5. oasked

    oasked Stuck in (better) mud

    Joined:
    24 Aug 2005
    Posts:
    4,052
    Likes Received:
    73
    I use NiceHash -> Coinbase (free account) -> PayPal to cash out

    The fees are comparatively small at each stage
     
    David likes this.
  6. David

    David μoʍ ɼouმ qᴉq λon ƨbԍuq ϝʁλᴉuმ ϝo ʁԍɑq ϝμᴉƨ

    Joined:
    7 Apr 2009
    Posts:
    15,071
    Likes Received:
    3,443
    Thanks, Gareth

    I have no problems verifying ID, coinbase pro requires it to set up, but they allow UK driving licence as ID. As I said though, they simply do not want to verify bank accounts, and offer little to no help to resolve the issue.

    @oasked that's useful to know. Thanks
     
  7. BeauchN

    BeauchN Modder

    Joined:
    5 Apr 2011
    Posts:
    1,003
    Likes Received:
    201
    Depending how much you're looking sell, I'd take all of it/some of it off you. I'm hopefully slightly less random than LocalBitcoins :) PM me if you're interested
     
    David likes this.
  8. wyx087

    wyx087 Homeworld 3 is happening!!

    Joined:
    15 Aug 2007
    Posts:
    11,132
    Likes Received:
    369
  9. Mister_Tad

    Mister_Tad Will work for nuts Super Moderator

    Joined:
    27 Dec 2002
    Posts:
    13,122
    Likes Received:
    1,375
    I've been using Coinsbee to monetise as and when. Not quite cash, but as good as if it's getting spent anyway.
     
  10. David

    David μoʍ ɼouმ qᴉq λon ƨbԍuq ϝʁλᴉuმ ϝo ʁԍɑq ϝμᴉƨ

    Joined:
    7 Apr 2009
    Posts:
    15,071
    Likes Received:
    3,443
    20% of my 3090 paid off - not bad for a month's work :)

    Sorry @BeauchN, I didn't see this until after I transferred the money to paypal. I appreciate the offer though.
     
    Last edited: 12 Apr 2021
  11. BeauchN

    BeauchN Modder

    Joined:
    5 Apr 2011
    Posts:
    1,003
    Likes Received:
    201
    No worries, I thought I'd offer to help out in case you hit a brick wall elsewhere :thumb:
     
  12. Spraduke

    Spraduke Lurker

    Joined:
    23 Sep 2009
    Posts:
    627
    Likes Received:
    132
    So after approximately 6 weeks mining on a 3070, just cashed out £168. Not bad in all. Had a number of days with downtime due to things stopping mining or me forgetting to restart after gaming.

    Decided to run 24/7 so electric costs aren't zero but a good chunk of the day time running is covered by solar gen so consider most of that amount as profit.

    Will be easier to gauge when I don't have builders onsite brewing up and running cement mixers!
     
    wyx087 likes this.

Share This Page