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[Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread - Page 159

post #1581 of 22509
Quote:
Originally Posted by Darth Scabrous View Post

Will try that later, and get back to you to see what it does. Sad that these gpus don't fit a waterblock, that would be nice.

I think the general consensus is that water cooling is too expensive to be worthwhile for mining purposes anyway. So you're not missing anything there.
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post #1582 of 22509
Won't cost me anything actually, I one $1,000 on a lotto ticket last week. Yay for random scratch ticket day!
post #1583 of 22509
Quote:
Originally Posted by wedge View Post

I think the general consensus is that water cooling is too expensive to be worthwhile for mining purposes anyway. So you're not missing anything there.
It might be a good investment though, if the rig ever started fire you have 4 litres of water that will dump on it, hopefully in time.
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post #1584 of 22509
Thread Starter 
Quote:
Originally Posted by cam51037 View Post

It might be a good investment though, if the rig ever started fire you have 4 litres of water that will dump on it, hopefully in time.

Hmmmm no tongue.gif

Ever hear of electricity induced fires, well, mix that with water. Not a good idea...
post #1585 of 22509
Quote:
Originally Posted by ivanlabrie View Post

Hmmmm no tongue.gif

Ever hear of electricity induced fires, well, mix that with water. Not a good idea...
Oh didn't think of that.

Not sure when a VRM blows on a GPU or if the 24 pin goes on the motherboard, probably is an electrical fire though.
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post #1586 of 22509
lachen.gif

Instead of a WC investment, MOAR COMPUTE POWER! (what I mean is get as many gpu's as you can)
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post #1587 of 22509
Quote:
Originally Posted by Krusher33 View Post

lachen.gif

Instead of a WC investment, MOAR COMPUTE POWER! (what I mean is get as many gpu's as you can)
That might work, but honestly the last week I've really realized what a complete waste all this hashing is.

Like, a HUUUGE waste of power across the globe, and for what? Humanity doesn't really gain anything. Because of this I'm kind of hoping for a low powered ASIC because of the low power draw, but I know it would screw up alts like it did to bitcoin.
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post #1588 of 22509
Well, now I got another problem. Both my 7950s are at the same core and memory clock, both running on multipool. But my main one is running 200 h/s slower. Should I reboot and see if that fixes?
post #1589 of 22509
Thread Starter 
Quote:
Originally Posted by cam51037 View Post

That might work, but honestly the last week I've really realized what a complete waste all this hashing is.

Like, a HUUUGE waste of power across the globe, and for what? Humanity doesn't really gain anything. Because of this I'm kind of hoping for a low powered ASIC because of the low power draw, but I know it would screw up alts like it did to bitcoin.

Mine primecoin then, or try the curecoin program...
post #1590 of 22509
Just read this 30 seconds ago..


Bitcoin Goes to Washington
Bitcoin and Money Laundering: 2014 Commerce, Justice, Science, and Related Agencies Appropriations Bill: Federal Bureau of Investigation

By Brian Cohen and Adam B. Levine


On the heels of today’s news that the New York Department of Financial Services issued a Notice of Inquiry on Virtual Currencies and subpoenaed almost two dozen Bitcoin Companies, last week’s ruling in federal court, and the SEC’s recent action against the infamous Pirate40 (and consequently a Texas Federal Judge declaring “Bitcoin is a currency, or form of money”) and July’s DEA Bitcoin Asset Seizure, it seems Bitcoin is attracting more and more regulator attention in the US.

According to a recent release, the US Legislature has taken an interest as well.

The House of Representatives posted the 2014 Appropriations Bill for Commerce, Justice, Science and Related agencies which contains many things, but notably requests an FBI Briefing on the subject of Bitcoins and Money Laundering, to be available within 120 days of signing. On July 23, 2013, As Reported by the Appropriations Committee, Mr. Wolf submitted the following…:

Text from Page 44 of the Bill:

Money laundering.—The Committee understands that Bitcoins

and other forms of peer-to-peer digital currency are a potential means for criminal, terrorist or other illegal organizations and individuals to illegally launder and transfer money. News reports indicate that Bitcoins may have been used to help finance the flight and activity of fugitives. The Committee directs the FBI, in consultation with the Department and other Federal partners, to provide a briefing no later 120 days after the enactment of this Act on the nature and scale of the risk posed by such ersatz currency, both in financing illegal enterprises and in undermining financial institutions. The briefing should describe the FBI efforts in the context of a coordinated Federal response to this challenge, and identify staffing and other resources devoted to this effort.
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