Seems mining is only worth it if you're in a pool. This single block business is too luck reliant and is wasting a lot of power for a lot of people
LOL WTC is by far the most profitable coin to mine with any gear atm. If you find a block a day you make a ton of money. With eth you get like couple dollars a day.
'If you find a block a day...' that there is where your argument ends... IF. People aren't finding a block a day, I'm not finding a block a day. If they were, then of course it's worth it! But we're not, I'd take the consistency of a mining pool over days of nothing
You were talking about single block business, what did you expect? Multiple blocks a day? Btw also 1 block a week is easily worth it. And what is stopping you from joining a pool?
patience is key in a bear market
Selling low is also part of a bear market for a lot of people
I dont recommend it tho
I hold like 70 XVG because a coworker recommended I look into them. It's been a hell of a ride and I keep seeing stuff like this that makes me want it gone. But I'm stuck with it on my exchange! Value is too low.
Damn you got some skin in the game man
Is the walton desktop wallet a safe way to store a GMN?
I'm really worried about moving away from the Ledger nano + MEW to the new wallet. Any tips?
You don't move your tokens! The only thing you have to do now is send a transaction with 0 eth and your wallet adress of de wallet where you have been mining to on the mainnet. When the token swap happens your gmn will transfer automatically and the private key stays the same.
Haha I know not to send my tokens to the WTCT. I'm just not understanding it that well.
How will my private key stay the same? Isn't my private key going to be the key i get when i create my new wallet on the desktop And not the one stored in ledger?
You said you already have a GMN on a MEW wallet so this means you already have a private key. When the swap happens your balance will be copied to the mainnet. You can acces those coins with the same private key you have now. Because you have them on a ledger you will have to wait for ledger support to send/spend coins.
The average hash rate on the explorer is the total hash rate of the network averaged over 50 blocks. So to get the average hash rate per rig you have to divide that by the node count. This will give you around 250KH per rig. For reference a thread ripper gets around 500KH not 500MH as OP stated. Hope this clears that up.
Edit: to add to that, for the gpu hash you should probably not multiply your first number by 4 because that would give a 1080ti an hashing power of 1MH which would be like 3% of the total network which is totally unrealistic.
what about wtc on ledger problem? I assume every gmn is on ledger.. how do you mine?
To the public adress. Did you even open the wallet once. Wtf is this
Your chances remain the same but you essentially have more probability finding if you mine longer. It’s simple probability. That’s how all mining works. If you’re gonna pay more in electricity may as well stop lol 230,000 hash rate will now find 1 block on average every 40 days based on my calculation
With 16.000.000.000 hashing difficulty it takes around 18 hours to mine a block with 240.000 hash/s. 16.000.000.000/240.000/60/60= around 18 hours.
Anyone else getting fatal error: cannot connect because targetcomputer is actively blocking connection? After starting the miner. I have firewall off btw and am running powershell as admin.
I would not worry. My adress was on the list yesterday when there were only 300 GMN's listed and now it is not. They are just testing different stuff probably.
Look, your comment has upvotes and I'm downvoted.
You get upvotes for saying "admins know better" and I get downvotes for saying "admins don't decide what's best for the community of 19k people".
It's the same as the posters decide that it is best that they post the Chinese announcement while I am sure 90% of the people want to wait for the English announcement.
Voting on a post is one thing, completely removing it is something else.
That post is in the official Chinese channel.
Yes but a lot of thing get lost in translation or the details are mixed up so the mods are trying to keep the fomo in check for a english announcement.
It’s on time for the US if it is delivered tonight, not the rest of the world.
It's 7 pm in Europe tho and I would not be bothered by a couple of hours.
So which countries do you count and which ones do you discard? Come on...
I am not saying what countries count and what countries do not count. But I know a lot of releases from Walton have happened in europe/us timezone so I am confident it will happen again.
Is Citylink owned by Walton or is it a partnership with another team behind it? Saw some posts on another reddit that Citylink is owned by Walton.
The other posts are right, Citylink is owned by Walton.
Why are you fucking asking here? Go ask I'm the fucking Google docs document jezus. And why so aggressive with all the fucking? I can also tell you that asking roi return is pointless since they cannot give them because they depend on how much people will mime and a lot of other factors. Also even if they knew they will not tell you because of legal reasons
Pulled from the all in one that is pinned:
Q: Why does this need a blockchain?
"It is difficult for the Internet of things under the current central structure to accomplish real autonomous cooperation and effective transactions, because the relevant parties of such cooperation and transactions often belong to different stakeholders with complex and uncertain trust relationships. Therefore, the collaboration and transactions of the current Internet of Things devices can only be carried out under the same trust domain. That is to say, the devices to collaborate and trade must be provided or verified by the same Internet of Things service provider, which significantly reduces the true commercial value of the Internet of Things applications." (Page 2 of the Whitepaper)
To expand, counterfeiting is an obvious answer to this question. There needs to be a way to truly authenticate an item. Blockchain is that answer.
Walton's blockchain also removes data silos. Companies won't have to manage any database anymore. Everything is handled by Walton. Walton uses child chains which are separate from the parent chain. Companies can keep proprietary information secret and private on their child chain, and only broadcast necessary information to the parent chain for public viewing. Blockchains make the sharing of info between companies easy and fast, too. And then obviously, blockchains have perfect transparency and are immutable.
Smart contracts are also extremely useful. In the supply chain industry, after perfectly counting and storing inventory, things can be auto-ordered and paid for simultaneously with wtc, just as an example. Your mind can come up with a whole host of other ideas related to automation.
Furthermore, decentralized, transparent, and immutable data for things like smart waste management systems, which Walton has designed, and air-pollution monitoring systems in smart cities would benefit greatly from the blockchain, for reasons explained in the first point from the whitepaper.
You could also imagine on the customer end that wanting to know where all their goods come from is important. This is in line with counterfeiting, but also with things more benign. Imagine wanting to return an item to a store, but can't remember which grocery store it was from. Lots of simple improvements like that are all use cases for blockchain.
You won't get an answer on this. Seems nobody knows... and nobody asked in the AMA... too busy asking about a f*cling website
You could have asked yourself? And these questions were asked in januari. Also there will be another AMA in March so make sure to ask them!
Where do you see me saying Vechain is a scam? I am saying that I find it weird that they have these claims that are not backed up by anything except some promises. And I don't know why you are talking about Microsoft since crypto is a whole different market with a lot more transparency.