Cryptocoin Mining?

[AnonymouseUser]

I'm still waiting after 12+ hours for a doge transfer to hit cryptsy. It's sitting in unconfirmed. Avoid this site until they get their act together.

I'm waiting for three DOGE transfers now, but I don't think Cryptsy is to blame. Other coin deposits have been fine, so maybe there is a problem with the DOGE network. I just transfered another coin to test, will update when it arrives.

 

[SunnyD]

The biggest problem is doges took over my PC

I feel your pain. But at least I got permission from my wife to run this little experiment. As long as net income is positive after all expenses (and I do plan on actually paying the bills with part of whatever is earned per week/month/whatever), I will keep doing this. And I will likely build a small farm. And I will likely have a new personal computing device to compute on. Doesn't matter terribly much to me since I haven't been gaming much lately anyway.

How come the bulk of LTC miners remain in LTC network. That what I want to know. And for how long.

Because they're bots and/or it's a know steady passive income stream. Even if they're making pennies/day profit, it costs more in time/effort for them to change over. My guess is those bulk of LTC miners are exactly what you say, BULK LTC miners with 100's of MHash worth of mining power pointed at it. For them to change to lesser coins would be a major effort, and to make profit on those altcoins requires a certain amount of nimbleness that the large players simply don't have.

 

[24601]

I'm waiting for three DOGE transfers now, but I don't think Cryptsy is to blame. Other coin deposits have been fine, so maybe there is a problem with the DOGE network. I just transfered another coin to test, will update when it arrives.

And that's why you don't use troll/scamcoins for currency transfers kids.

Gambling inside Gambling inside Gambling.

Gambception :O

Not to mention on scampools and scam exchanges.

You guys got balls of steel.

By the way. One does not want the eyes of a large crypto on the same hashing algorithm to be laid on thee.

50% attacks and hard forks are no joke.

But whatever. People only learn the hard way. I got my popcorn ready .

 

[xodusgenesis]

The biggest problem is doges took over my PC

I feel your pain, they took over my computer too
Hasn't bothered me too much as I'm mostly at work these days and when I get home I'm usually too tired to play video games. When I get that itch again to play we'll see if I can resist the DOGE's.

 

[f1sherman]

Doges volume generation is ~ 1/3 of BTC generation (at current prices)
But Doge is only one among tens of other coins,and all are seeking BTC protection.

Based on this - I can see it falling, but there isn't much of a chance of going considerably (IF ANYTHING AT ALL) up.
I.e. plenty of potential of going DOWN, little potential of going UP. LTC - steady but with opposite looking trend.
That is how I see it in short-midterm.
Your thoughts?

 

[24601]

Doges volume generation is ~ 1/3 of BTC generation (at current prices)
But Doge is only one among tens of other coins,and all are seeking BTC protection.

Based on this - I can see it falling, but there isn't much of a chance of going considerably (IF ANYTHING AT ALL) up.
I.e. plenty of potential of going DOWN, little potential of going UP. LTC - steady but with opposite looking trend.
That is how I see it in short-midterm.
Your thoughts?

If you want to do anything other than daytrading level risk, then use the coin that has the highest hash-rate for each algorithm.

That's Bitcion for SHA-256 and Litecoin for Scrypt.

50% attacks and hardforks are real folks, they have happened too often to altcoins in the past.

If you are going to take on that level of risk you will have much better returns on actual daytrading.

Always remember to factor in cost of your own labor, which you should calculate at at least minimum wage.

 

[SunnyD]

Doges volume generation is ~ 1/3 of BTC generation (at current prices)
But Doge is only one among tens of other coins,and all are seeking BTC protection.

Based on this - I can see it falling, but there isn't much of a chance of going considerably (IF ANYTHING AT ALL) up.
I.e. plenty of potential of going DOWN, little potential of going UP. LTC - steady but with opposite looking trend.
That is how I see it in short-midterm.
Your thoughts?

I don't see doge as a legit viable current on its own - it was created as a joke ffs. On the other hand, people took the "joke" and ran with it, and some quite literally went a bit overboard and are trying to make it legit. dogelist.com. gambling sites. People pressed to get it on the 'major' vc exchanges, and it got there quickly. It also doesn't have the hallmarks of a scamcoin either: no premine, fair difficulty, decent opportunity for anyone that wanted in. Any pump and dump hype was completely community driven, not by a small cadre behind the coin itself.

I'm not entirely sure but it's like people almost WANT this coin to succeed, even on a small scale, and be legit.

 

[AnonymouseUser]

I just transfered another coin to test, will update when it arrives.

Already arrived and available for trade in ~35 minutes. Cryptsy isn't the problem with the DOGE transfers.

 

[f1sherman]

50% attacks and hardforks are real folks, they have happened too often to altcoins in the past.

If you are going to take on that level of risk you will have much better returns on actual daytrading.

There is too much complexity to it, and even it that could be resolved via knowledge/experience,

I think there are too many factors which we have no control over, to seriously consider day trading.
Not to mention outside factors (scheming and non-market related). I feel this is a rigged game.... but then which one isn't?

OH YEAH now I remember

 

[taq8ojh]

Looks like DOGE/BTC started going down.

 

[DownTheSky]

I've traded all my Dodges in WDC..

This morning they said WDC is the future.
Now they say is a scam.

Who to believe? :dunno:

 

[SunnyD]

I've traded all my Dodges in WDC..

This morning they said WDC is the future.
Now they say is a scam.

Who to believe? :dunno:

It's the future scam!

 

[blastingcap]

Few people are recommending day trading. I certainly am not. But you could literally just buy and hold coins and still be way better off than mining with an equal amount of money (remember to include power costs, not just hardware costs). Buy and hold is not the same as actively day trading, which is a lot riskier than buy-and-hold.

 

[AnonymouseUser]

One of my three DOGE deposits finally completed. Only took ~23 hours to complete....

 

[SimianR]

Few people are recommending day trading. I certainly am not. But you could literally just buy and hold coins and still be way better off than mining with an equal amount of money (remember to include power costs, not just hardware costs). Buy and hold is not the same as actively day trading, which is a lot riskier than buy-and-hold.

You are posting in a graphics card forum on a hardware website. Chances are people already have these GPU's or they're using mining as a justification to spend more money on their hobby/interest (PC Gaming/Hardware). I don't think anyone is telling their friends/family who have no interest in computers/hardware to run out and set up mining farms. But if you already have the hardware the power costs are pretty low risk. I do think the people paying $100+ on top of the regular MSRP of AMD cards are crazy though.

 

[holden j caufield]

waiting on 20 hours on my doge, sitting on unconfirmed at cryptsy for about 15+ hours.

 

[f1sherman]

Because they're bots and/or it's a know steady passive income stream. Even if they're making pennies/day profit, it costs more in time/effort for them to change over. My guess is those bulk of LTC miners are exactly what you say, BULK LTC miners with 100's of MHash worth of mining power pointed at it. For them to change to lesser coins would be a major effort, and to make profit on those altcoins requires a certain amount of nimbleness that the large players simply don't have.

That's an excellent point! Bots too dumb/too slow to reconfigure itself.

But eventually they will reacquire its target. This disparity can't last much longer IMHO(can it?)
But the network jump shouldn't be too dramatic due to Doge inevitably losing its momentum.
(Those elitists over at bitcointalk still refuse to add Doge to The List )

 

[blastingcap]

You are posting in a graphics card forum on a hardware website. Chances are people already have these GPU's or they're using mining as a justification to spend more money on their hobby/interest (PC Gaming/Hardware). I don't think anyone is telling their friends/family who have no interest in computers/hardware to run out and set up mining farms. But if you already have the hardware the power costs are pretty low risk.

We already covered that subset of mining situations in previous pages in this thread. That's not the kind of mining I was referring to. I'm talking about larger scale operations. Mainly I am responding to people who think I might have advocated for day trading which I am NOT! Buy and hold does not mean day trading. Just to be clear.

 

[UNhooked]

So what's the best site to convert bitoin to USD? and also what medium do you use to transfer the money? Paypal? Okpay?

 

[xodusgenesis]

btc-e and mtgox are the famous ones and they seem legit. I haven't personally converted yet as I'm planning on converting to USD at the end of each month to pay for electricity, etc.

 

[DooKey]

So what's the best site to convert bitoin to USD? and also what medium do you use to transfer the money? Paypal? Okpay?

Coinbase if you are in the US. They will wire it to your bank.

 

[JBT]

ginally got my 7870 LE to at least decent, sitting at a little over 400Khash/s by LOWERING the thread concurrency to 8000

cgminer-3.7.2\cgminer.exe" --scrypt -o stratum+tcp://pool1.us.multipool.us:7777 -u x.x -p x --thread-concurrency 8000 -I 12 -w 256 -g 2 --gpu-engine 1100 --gpu-memclock 1500

Changing clock speeds changes khash a little bit. increasing I to 18 or so KILLS rate, lowering to -g 1 and increasing -I also lowers to about 300, but I can find a few combo's getting me to 330. This is a freaking weird card.

I tried NOT setting anything and having cgminer guess the thread concurrency and it gives me 14208 and performance also tanks.

 

[holden j caufield]

I've got 2 systems that I'm trying to reduce power consumption on, but don't want to mess their operation up, i.e., going into sleep mode and shutting down the card, etc.

I know I can turn off stuff I'm not using like sound or onboard SATA IF I wasn't using it. Anyone have any tips or guide for minimizing power consumption on the motherboard/CPU?

After that I'm going to look into flashing different firmware on my Gigabyte 7950's..... I know that should yield power savings and increased hashrate.

I've undervolted the cpu, ram, northbridge, pll everything that I can. Turned off everything like usb 3.0 ports, esata, etc. Only saved me 10-15 watts.

Undervolting the gpu saved me almost 90 watts on one card alone 7950. It was running at 1.18v at something like 925/1250 I down clocked it to 900/1250 at .84v (freak card, edit I only get about 550 khash with this setting but the lower watts, and lower fan noise are worth it to me)

I have a his that is running a .97v at stock clocks.

All measured with a kill a watt. Before and after the undervolts. Had to do it via msi afterburner.

 

[thilanliyan]

I have a his that is running a .97v at stock clocks.

Same here...both my HIS 7950s can run at 0.975v at 950/1250 (stock). Meanwhile, stock voltage is 1.25v!!

 

[nwo]

ginally got my 7870 LE to at least decent, sitting at a little over 400Khash/s by LOWERING the thread concurrency to 8000

cgminer-3.7.2\cgminer.exe" --scrypt -o stratum+tcp://pool1.us.multipool.us:7777 -u x.x -p x --thread-concurrency 8000 -I 12 -w 256 -g 2 --gpu-engine 1100 --gpu-memclock 1500

Changing clock speeds changes khash a little bit. increasing I to 18 or so KILLS rate, lowering to -g 1 and increasing -I also lowers to about 300, but I can find a few combo's getting me to 330. This is a freaking weird card.

I tried NOT setting anything and having cgminer guess the thread concurrency and it gives me 14208 and performance also tanks.

I use 15500 thread concurrency for my 7870s. My Sapphire and MSI cards both get 395kH/s stable with 975/1250 for MSI and 925/1250 for Sapphire. Running at 18 intensity. I would not recommend running on two threads for a 7870. That's probably what's killing your hashrate.