As a 'currency of things', absolutely they are. One of the greatest attributes of cryptocurrencies is that they do not discriminate. They can be used by anyone (including the billions of unbanked people) and anything. With an increasing number of 'things' going online, from simple domestic appliances to cars, cryptocurrencies help us to progress to the next level by opening up a whole new world of possibilities in the way that those 'things' can interact and pay each other, whether that's as simple as a self-driving vehicle paying its own tolls and parking fees, or a more complex automated exchange of goods or services executed through Smart Contracts.

So I think it stands to reason that AI would use cryptocurrencies too but I think true AI is still probably decades away yet. However, the human brain is just a biological computer, albeit a very powerful and complex one. It's only a matter of time before we begin to reach that computational complexity and our 'things' become conscious and self-aware (that is assuming mankind is not destroyed by war or natural disasters in the meantime). Certainly the 'old system' of banks and state-controlled money will not survive.

Even without AI, the old system no longer meets our modern day human requirements and simply cannot compete. As cryptocurrencies begin to replace it, I think we'll look back and realise how archaic it was to have banks and governments controlling the money, deciding who can and can't participate, monitoring and controlling everything you earn and spend and earning billions in fees for transferring money across borders that they created. When you consider also the systemic corruption and spiralling national debts, it's a very broken system that will inevitably collapse, even without the help of cryptocurrencies.

Some argue that since we measure cryptocurrency prices in fiat, what we're seeing isn't so much a steep rise in the price of cryptocurrencies but fiat prices falling to zero. I think there's probably some truth in that but it won't become apparent until all faith in the government-controlled currencies collapses (just as it has done already in places like Venezuela, where Bitcoin is replacing the increasingly worthless Bolivar).

Since you mention smart contracts, maybe I should be mining Cryptokitties instead :ROFL:
11% of Traffic on the Ethereum Blockchain Is Being Used to Breed Digital Cats

Lot's of stuff going on, several developments going on I hope to give a bit more updates on my experiences later today or maybe tomorrow.

For now here is how I payed import duties on UPS as at the time when question was asked I had already paid so could not show. This is for the PSU for S9 .

I have registered with UPS and this is what I see when I click tracking number from e-mail, the I just click 'Pay Fees Online'

http://forum.a8parts.co.uk/attachmen...1&d=1512736309

The more I read about this stuff the more I worry

https://qz.com/1149772/the-murky-rel...ng-suspicions/

It has to go bang soon. I can't believe this sort of growth is sustainable. It still seems that the best way to make money from cryptocurrency is to steal it.

This may well be another game changer - 10 times the power of the 1080ti! :eek:

Nvidia Titan V Giant

This has me wondering. The spec given is 110 Teraflops of performance.
OK, what does that mean? Is that 8-bit precision?

From what I can see on Geeks3D.
6900 FP64 gflops (64-bit), which is also known as double precision.
13800 FP32 gflops (32-bit)

http://www.geeks3d.com/20140305/amd-...ble-computing/

See how relatively high the AMD Radeon HD 7990 is? With 1946 FP64 gflops.

I don't have a link to a specific web page where I read about AI programming, because I'm not really interested. But I believe it mentioned that 8-bit was sufficient or optimal?

This may have no relevance to crypto mining, I don't know.

It's a multi GPU rig in a card!!! At $3000 it's not for every day use and it won't kill ASICs. Wonder if you are mega rich you could have a 4/8/13 card rig with it!!!

And with all that heat you would probably save on summer holidays :ROFL:

There's certainly no shortage of scams and 'sh1tcoins' in cryptocurrencies. You do need to properly research any altcoins before investing.

I would never invested in Tether -- Even if their claims are true, what is the point of investing in a cryptocurrency that has a fixed price and is backed by the very same monetary system cryptocurrencies are set to replace? Ripple is another one that has close ties with fiat and also the backing of the banking industry. While such cryptocurrencies might have their uses, they're completely missing the point.

:ROFL:

That doesn't surprise me.

Still, if the content pushes and tests the network it'll drive progress, no matter what it is. It was the same with the internet: If it wasn't cat photos, cat videos and all the other junk people feel compelled to share online, we'd probably all still be on dial-up speeds.

For anyone who didn't see it yet, this was NiceHash's response and update yesterday:

https://youtu.be/qrIP7cknGUo?t=60