Read-only forum archive. PROHASHING has closed. Posting, registration, and account access are unavailable. Preserved from the April 3, 2026 server backup.

Chat archive · 2018-04

CSZiggy · · #83526

@shieldwolf :  a coin is a coin is a coin. No matter if its minable or not, it will follow the bitcoin trend. No matter if its tied to bitcoin mining or just value of the company

Lestat9 · · #83527

in the zuckberg senate hearing a senator said "COngress is good at two things, doing nothing and overeacrting" then he said congress is about to overreact after your testimony...

Lestat9 · · #83528

is there a facebook coin?

shieldwolf · · #83530

@ CSZiggy: True to a very large degree....for now. Bitcoin became valuable because of it's initial ability to be used independent of regulation. There is an huge value in any token able to be used to purchase real goods or services. (i.e. Venezualean economy)(Darknet). Any of it is only as valuable as the buying/selling population makes it and how much of it is available. If it can't be used to effectively 'buy' (including its own sale) anything then it becomes worthless

alim · · #83531

@shieldwolf - all true, however, the value is also dependent upon the goodwill of the community support, technical developments and leadership to champion the cause. :)

holygoof · · #83532

@shieldwolf, it is Ripple in particular that worries regarding price and coin value, only because banks do not necessarily have to use XRP to transfer value, they can, but do not have to

holygoof · · #83533

Like gold, many of these currencies have value due to actually representing wealth, 1 LTC is $114 bucks right now and I can buy things with it, same goes for BTC, and probably over 1000 of the 1500 or so coins out there

holygoof · · #83534

things may change for XRP, but I m a bigger fan of Stellar, XLM. hint hint Steve cough :)

holygoof · · #83535

and as is, I mine LTC, with my L3s, BTC with my S9s and lately been taking ethereum classic with my 2 vid cards doing equihash here

holygoof · · #83536

As to TRX, I am hopeful for any currency that can bring value to the system and a working product. I got started mining Siacoin, and they have a working product.

holygoof · · #83537

My take on TRX, is that it will be like netflix, but sure as anything, people who own IP, want to be paid, I should read more on it however, as maybe it more than just a content delivery system

holygoof · · #83538

Good to see folks talking on here more often, instead of just problems, as Steve and Chris have provided a means for that, I usually lurk, as my phone does not allow me to scroll back in the chat when I m logged in

holygoof · · #83539

If I can shed some light on my limited experience, feel free to message me, I check here more than is good for me hahah

alim · · #83540

I can see a lot of value in using block chain technologies for lots of industries - and for personal applications alike...

alim · · #83541

Sia is one to read up on.. right after I figure out my next contract :)

holygoof · · #83542

I would like to see the red cross and other humanitarian industries use blockchain, or pascal

holygoof · · #83543

we could stop dictators and politicians and Humanitarian CEOs from taking all the money we give to help those that need

holygoof · · #83544

the world provided over 7 or 8 billion to Haiti after their earthquake all those years ago, and they do not know where the money went....hmmm

holygoof · · #83545

all one needs to have a wallet wtih pascal is an email, its meant to be easy enough for Grandma to use apparently

holygoof · · #83546

I have mined Sia since Sept 2017, and for better or worse, I have an A3 miner from Bitmain

shieldwolf · · #83547

@alim @holygoof - definitely good point on the XRP and correct on community, tech, and cause. Still wondering what kind of 'outside' regulation, if any, will do to a majority of tokens. Don't get me wrong, I'm a huge frowner on FUD. Just trying to be realistic and forward looking on the right path for profitability :mrgreen:

holygoof · · #83548

o yah, I don't link that for FUD, I got 1500 ripple when it was 2 cents a piece, and was more than thrilled when it shot up

holygoof · · #83549

but I did not like reading that industries do not need to use their token

shieldwolf · · #83550

Exactly!
holygoof wrote: the world provided over 7 or 8 billion to Haiti after their earthquake all those years ago, and they do not know where the money went....hmmm

holygoof · · #83551

like in Sia, if you want to rent HDD space, you need to use SIAcoin

holygoof · · #83552

if you do not have mine SIAcoin, you need to buy BTC or another and use shapeshift or something similiar to get it

holygoof · · #83553

so it retains value, is used a means of wealth

holygoof · · #83554

so its unfortunate that XRP does not require its use of XRP, other aspects of it I can forgive/forget because I do like the decentralized nature of this, but I do want to make money

holygoof · · #83555

what do you say Google bot

holygoof · · #83556

haha

holygoof · · #83557

:google bot: I say I know where you are right now HG, and I know where you are going at 2 pm

holygoof · · #83558

I actually would be interested in what Steve and Chris are getting paid in, Steve talked alot about Ethereum before it skyrocketed last year and thats what they invested heavily in

alim · · #83559

you can mine Sia on antpool

shieldwolf · · #83560

Yes, good chat....Ima out ∞

Forum notification · · #83561

has started a new topic: [ANN][ICC]The Best Choice To Investment DIGICCY|InterconnectCash

holygoof · · #83562

I have been using siamining.com , 3% fee, but I like Sia, and that money goes back to the developers

holygoof · · #83563

if you want to donate more of your Sia to them, you can use luxor mining, they have a 10% fee to have that particular blockchain out

Steve Sokolowski · · #83564

holygoof wrote: I actually would be interested in what Steve and Chris are getting paid in, Steve talked alot about Ethereum before it skyrocketed last year and thats what they invested heavily in
Dollars

Steve Sokolowski · · #83565

we think that this cycle isn’t complete yet

Steve Sokolowski · · #83566

once bitcoins have that final panic crash, we’ll start accepting crypto again

alim · · #83567

Can’t say as I blame you... everytime I think it can’t possibly go much lower, it seems to do just the opposite.

CB1 · · #83568

have you seen $PAC are reducing block rewards from 4830 down to 690 per block

CB1 · · #83569

will prohash still mine that coin?

CB1 · · #83570

will be happening in about 5000 blocks time

CB1 · · #83571

so about 7 days ish

Lestat9 · · #83572

No matter what happens down in the mines we have to work together as a team.

holygoof · · #83573

This might be a dumb question was does the live profitability reflect the 4.9% fee already or is it calculated after that

Flash · · #83574

I haven’t gotten a payout in 11 days. I redirected my miner to another pool in the meantime. Is anyone else having a problem?

alim · · #83575

I believe looking at payments that it comes out at point of payment - I would love to be told I’m wrong.

alim · · #83576

@flash, fill in a support ticket.

Lestat9 · · #83577

Can you plz explain how I sell coins in my wallet and transfer that cash to my bank?

Lestat9 · · #83578

My guess is i transfer all the coins to coinbase and sell them there?

alim · · #83579

@lestat9 - you need to register at an exchange or a place which trades. There are many options for this, but I would advise to check the reputation and testing a small amount before committing your entire earnings. If you are in the USA (or I assume if you have a US bank account), Prohashing can pay directly into it AFTER you set it up. There is also an option to have BTC deposited into Coinbase. If you choose this option, please ensure you BTC/BCH/ETH/LTC (at present). You can then link it to a bank account (and I assume a credit card) to take fiat.

Lestat9 · · #83580

so just set my bank account on here and they send the cash to them?

Lestat9 · · #83581

now to find that option...

alim · · #83582

Settings menu, add BTC and then you will see the option to connect your Coinbase account. You can also send your earnings straight to a Coinbase address.

alim · · #83583

So I assume you can send it to any address you use on an exchange / trading account.

mycide · · #83584

or private wallet

Forum notification · · #83585

has started a new topic: Please add litecoin payouts to coinbase

IRXPSYC] · · #83586

Hello to everyone I am coming to this chat in hopes of connecting with someone that mines Verge. I am offering a reward for anyone that can help me find and get my verge 65400 in my wallet.

ZiGen · · #83587

Pretty old trick, buddy ...Try something new ...

localwonder · · #83588

Is there a problem with the Lindacoin payouts? I haven’t had a payout in a while. litecoin as well. :\

Lestat9 · · #83589

I asked a girl on here who said she worked at a seafood processing planet if the relationship would provide lobster on a regular basis and she said "No, but I’ve got plenty of crabs."

Forum notification · · #83590

has started a new topic: [ANN] BANANACOIN - АGRICULTURE TOKEN [BCO]

Lestat9 · · #83591

what does it mean verge has been attacked? Can i still get my coins?\

alim · · #83593

BTC is popping off

alim · · #83594

BTC now over $8000

Forum notification · · #83595

has started a new topic: Status as of Thursday, April 12, 2018

TheLiZArD · · #83596

Hi Steve, is it now safe to rent from MRR?

Steve Sokolowski · · #83597

TheLiZArD wrote: Hi Steve, is it now safe to rent from MRR?
It’s safe if you can connect

Steve Sokolowski · · #83598

but some customers have been using MMR’s IP addresses with too many invalid authentication attempts

Steve Sokolowski · · #83599

and they tend to get MRR banned

Steve Sokolowski · · #83600

I suggest submitting a support ticket to MRR telling them to only attempt authentication once per second or twice per second or something like that

CB1 · · #83601

Hi Steve, any updates on if you’ll be continuing to mine $PAC when they change rewards to 690 from 4830?

CB1 · · #83602

obviously i can still be paid out in $PAC if i wish, just wondered if you’d be mining it as well

Steve Sokolowski · · #83603

CB1 wrote: obviously i can still be paid out in $PAC if i wish, just wondered if you’d be mining it as well
of course we will

Steve Sokolowski · · #83604

we just might not mine it as often

CB1 · · #83605

excellent thanks

sherm77 · · #83606

Steve, is mazacoin mzc available for payout?

sherm77 · · #83607

I see it in the drop down, but last I selected for payout, it said I had to forfeit the coins

Lestat9 · · #83608

What are you guys gonna do when you make your first million from mining?

sherm77 · · #83609

Lestat9 wrote: What are you guys gonna do when you make your first million from mining?
Pay taxes :D

3Moose · · #83610

have is the difference between ""lost" vs "orphaned"

3Moose · · #83611

for reference, some of the verge shares are "lost" while others are "orphaned"

jono987 · · #83612

WHY Are You REFUSING TO PAY unless they SUBMIT W8-BEN Form????

jono987 · · #83613

I live in the UK and Have Had my PAYOUT STOPPED UNLESS I SUBMIT MY DETAILS TO THE AMERICAN GOVERNMENT ?????

jono987 · · #83614

I DONT EVEN HAVE TO DO THAT WITH MY BANK ACCOUNT

jono987 · · #83615

sherm77 wrote:
Lestat9 wrote: What are you guys gonna do when you make your first million from mining?
Pay taxes :D
YES BECAUSE PROHASHING WILL ALREADY HAVE TOLD THE US GOVERNMENT ABOUT YOUR MINING

Forum notification · · #83616

has started a new topic: Verge bucking the trend

Lestat9 · · #83617

Well China has 81% of the worlds hash rate and thus in theory 81% of the coins mined..and they aint payin to taxes to anyone in the west..and also if crytocurrency catches on.. you know who will own it essentially all

Lestat9 · · #83618

In the world hash rate graph the US and europe arent even in the top 10

Lestat9 · · #83619

I saw that new A1 miner it has 9 s(’s put together in one box... its like 6000 watts but its sweet

Lestat9 · · #83620

9 s9’s

Lestat9 · · #83621

Bitcoin mining. Chinese mining pools control more than 70% of the Bitcoin network’s collective hashrate. Here is our estimated* mining hash power breakdown by country: China - 71%India - 4%Georgia - 2%Iceland - 2%Venezuela - 2%USA - 1% 15% of the hash rate is missing from above chart, but it’s likely that China crontrols an even greater amount.

ryguy · · #83622

jono987 wrote:
sherm77 wrote:
Lestat9 wrote: What are you guys gonna do when you make your first million from mining?
Pay taxes :D
YES BECAUSE PROHASHING WILL ALREADY HAVE TOLD THE US GOVERNMENT ABOUT YOUR MINING
Complain to the US govt then about their tax rules.

Forum notification · · #83623

has started a new topic: SHA-256 password argument

lhfx21 · · #83624

I am having No valid shares yet on almost all my D3 miners

3Moose · · #83625

I got kicked off about 90 minutes ago and everything in showing up as dead. Been on the backup pool.

MitchellMint · · #83626

Me too

Lestat9 · · #83627

my s7 is working fine