[ANN] SocalsFarm (Mining Asset) 50% Investor Insurance

[RichBC]

@socal Spec sounds good, but I wonder if you might be better to stick with AMD for the GPU? I would see what others say before committing?

Rich

[socal]

@RichBC here's a link to screen shots of the proposed rig components m.imgur.com/a/Jnj4G

[socal]

I also just want to say that now would be the time to buy up the shares being sold below market price (20Burst, which is the IPO price) this will be a large performance increase for the asset and the quicker the bargain shares are bought and the remainder of the current block of shares sold the faster the other 9 bays in the Miner can be filled with HDDs

[Hyzi0]

@socal Easy to say^^ I'm sure we will feel the boost but even though the price in burst is lower, in usd it's higher then ever^^ I'm glad I kept buying @10 with my spare funds but after recent pump I have almost nothing left^^
Will grab some more after haitch's and mathew's divs^^

[socal]

Dividends were paid out yesterday.

To anyone wondering if this asset will be lowering payouts due to BTC and Burst price increases the answer is NO!!! Since this is a mining asset that earns Burst directly payouts are unaffected by price rises.

[socal]

Hey all so just brainstorming here but how would everyone feel about this becoming a multi mining asset that pays in Burst?

Here's what I'm thinking: since the Burst and BTC prices right now can support massive asset growth there's an opportunity to diversify mining to maximize profitability. Since mining on HDDs can be done in parallel with GPU mining it'd be a simple matter of putting high end GPUs into the Burst mining computers.

The earnings from the GPUs would be traded for Burst which would then be added to the dividend payment every week.

[Hyzi0]

@socal As I said many times I don't rly like gpu mining as it generates lots of heat, noise and breaks quite easily. It is also extremly power hungry(don't know how would you calculate profits).
On the other hand I can't say no to this as it's realy profitable if done correctly. Your PC is on all the time anyways so why not. It might boost divs a bit if you have low enough electricity fees.
So if You know what you are doing - sure, otherwise You will be better off buying some assets that does it.

[falconCoin]

@Hyzi0 so its not necessary to get a gaming PC to mine faster? heck i was looking at one and adding a card or two to it...

maybe just stick to more hard drives.

@socal can you mine say ETH and Burst you think that way?

[socal]

Yes I could, I could mine any coin that is GPU mineable or I could just park the GPUs on Nicehash. Either way there's plenty of options.

[haitch]

@falconCoin I mine on nicehash with the same machines that mine Burst.

[falconCoin]

@socal see i was thinking of nicehash as well..

i can get a decent little gaming PC on monthly payments so i was think eh why not...

[falconCoin]

@haitch oh nice... so the GPU doesnt speed up Burst mining at all then?

[haitch]

@falconCoin GPU can speed it up, but there is a capacity threshold you need to pass for GPU to be faster than CPU. For my dual mining machines, nicehash runs at low priority, and the miner at high priority - that way the additional mining has minimal impact on Burst mining.

[Gibsalot]

#1 if you have never done it , do a lot of research first. most people think just throw some high end GFX card in and off you go... wile its a peace of cake to add HDD's for burst mining to an existing GPU rig going the other way depending on your setup can requier a complet rig rebuild... assuming you have cheep electric in your area.. #1 is cooling is a MUST most GPU rigs need x2 more cooling than an average computer even if it seems to be ok . running a rig at 100% even a little over normal temp's will cause things to fail much faster.. #2 90% of average computers do not have a PSU that can handle the load of 4,5,6, or even 7 high end GPU cards plan on replacing that as well. invest in a Jig or get some lumber if your handy multi cards will not fit inside a regular case and need to be hooked up via powered riser cables on the + that makes cooling a little more easy. last .. as with ASIC's you need high end GPU's to be profitable ... even top modles from 2 years ago will eat your profits up in electric.. there are lots of nice charts online you can google to see hashing power of various cards best bet would be to check the top 5 or 6 models compare price and compare how much electric it uses to find the current sweet spot.

[falconCoin]

yeah i been watching youtube videos on rigs.

if the GPU even speeds it up some and helps out and i have monthly payments i am good with that! and i am guessing it will plot faster? no?

[haitch]

@falconCoin GPU can plot as fast or faster than high end CPU rigs, but I've got GPU plotted files that may be corrupt. As a result I now only use xplotter, but it's a very high end rig, to be able to match a generic GPU.

[falconCoin]

@haitch thanks for info i may just stick to a regular PC for now and more HDD's im scooping some up tomorrow

[falconCoin]

couldn't wait grabbed (2) 4 Tb drives just now... now i need to get that Linux box set up for Burst, my project for tomorrow! lol

[socal]

The build I am making can easily handle the requirements for GPU mining the case itself has 8 built in fans and I am getting a 1000w PSU

[socal]

Hmmmmmm I'm thinking I could switch out the CPU/MoBo for a Dual slot mobo with Xenon E5-2670s for the same price. This would give us 16 cores to also mine Verium which is a CPU only cryptocurrency from the Vericoin devs, it's still GPU and ASIC proof so raw CPU power is the only way to mine it. VRM is currently worth about $0.80/per