BitConnect dies

Not surprisingly, BitConnect has decided to shut down its lending “services” after months of running what was effectively a Ponzi scheme. The company attributed its shutdown not to the fact that it was plainly unsustainable, but rather to bad press, cease and desist letters that originated from two US states, and DDoS attacks.

We are closing the lending operation immediately with the release of all outstanding loans. With release of your entire active loan in the lending wallet we are transferring all your lending wallet balance to your BitConnect wallet balance at 363.62 USD. This rate has been calculated based on last 15 days averages of the closing price registered on coinmarketcap.com.

You can probably imagine the affect this news has had on the BitConnect token, which is now effectively worthless. The coin has tanked from a peak of over $400 around the end of December 2017. Now, the token is trading at $10-$20 and has very little liquidity, according to data from CoinMarketCap.

Hilariously, BitConnect says that its BitConnect X ICO is still going to happen. The group says that it’s “functional” and that they are “building an exchange platform” where the BitConnect Coin (BCC) will be listed. They close by saying that this is “not the end of this community.” Comedic.

On that note, let’s watch as the most obvious Ponzi scheme ever make itself plainly obvious for all the world to see — and yet some still bought in with their life savings.

How to uninstall all GPU drivers on your PC w/ Display Driver Uninstaller

Sometimes when configuring your graphics cards for a GPU cryptocurrency mining rig, things can go awry. Maybe you installed a driver that’s making your mining software crash. Maybe you accidentally updated drivers to a newer version that — for one reason or another — gets a lower hashrate than you got before. Whatever the case may be, it’s almost certain that at some point in your cryptocurrency mining journey that you will want to do a clean uninstall of all graphics cards drivers so you can start over.

Display Driver Uninstaller

Thankfully, there’s a handy and free Windows application that can do a full and complete uninstall of any graphics card drivers you have installed on your PC. It’s called Display Driver Uninstaller (DDU for short), and you can download it from the Guru3D website. It works with both AMD and Nvidia GPUs.

Uninstall and restart, keep the same GPUs

When you launch the application, you’ll see a window that looks a lot like what you see below. The program detects which version of Windows you’re running, and lets you choose which graphics drivers you want to uninstall — either AMD or Nvidia.

From there, all you do is click the “Clean and restart” option. Obviously this is the most recommended option because it will prevent weirdness that might happen from the process of uninstalling your drivers. Giving it a full reboot will let Windows load up with the stock video drivers and allow you to install new ones.

Uninstall, and change GPUs

Alternatively, you can choose to “Clean and Shutdown,” which is ideal for installing a new graphics card. This way, the program will do a clean uninstall of all drivers and simply shut down your system, allowing you to swap out your GPU hardware. While this isn’t usually necessary when changing hardware, it can be helpful if you started having problems with your display or mining software.

Full list of mining pools for Monero: Minexmr, nanopool, supportxmr, and others

With the explosive popularity of Monero over the past year, a myriad of different mining pools have charged into the scene. Unfortunately, navigating this jungle of pools has become increasingly difficult. Not to worry, we’ve got you covered! All of these pools have received positive mentions and have been vouched for by many enthusiastic members of the mining community. That being said, we take no responsibility for any fraudulent activity by these pools. If they decide to run with your money, that’s on them.

In our Monero mining guide, we’ve used the monerohash.com pool. Monerohash takes relatively low fees, some of which is actually donated to the Monero Core development team. They’re also currently classified as a smaller mining pool (has less than 3% of the overall network hash rate), so by mining with them, you’ll be contributing to the decentralized nature of the network. Within the Monero community, they have a solid reputation.

Here’s the full list of pools:

Although there are definitely pools out there that we are not aware of, these are by far the most trusted and popular ones. If there’s a pool you’d like to be added to this list, leave a comment below.

Consider joining a small mining pool, as to not allow one mining pool to rule the network.  For if one pool were to gain over 51% of the hash rate, as has happened with multiple cryptocurrencies in the past, they have the ability to force the network to migrate over to a new chain while double-spending in the process.

Will mining make my GPU die faster?

Simple answer: Yes, but the speed at which your card wears will vary greatly depending on brand, clock speeds, undervolting, and other factors. In general, you shouldn’t expect your card to fail before its warranty is up, but on the off chance that it does, you’ll be lucky enough to get a free replacement.

Generally speaking, people using modern graphics cards (like the latest RX 470, 480, and 580s) will be able to get a few years out of them running 24/7 before experiencing total failure. Some have been able to get 6 or more years out of a modern card. Before that time, however, many will see their cards’ fans die and need replacing. Thankfully, that’s a relatively easy fix.

To ensure that you get the most time out of your cards (and therefore the most profit from your rig), it’s best to make sure you do a proper undervolt of your card to get its heat and overall power draw down to minimal levels. You’ll be giving your card less power, and you’ll get the same or better performance.