Cryptocoin Mining?

[Silverforce11]

It's hilarious to claim I was being "unnecessarily confrontational" when I wrote "he's mistaken" which is hardly confrontational. Silver was the one getting in my face saying it was "rubbish" that I was "wrong" and saying "I'll rubbish you." Neither of you apparently read what I wrote about how numbers vary minute to minute and profitability varies depending on how much you pay for electricity, and both of your jumped in together talking about PAST profits when Silver's statement was clearly about TODAY's profitability.

If you round to the nearest half, 158% actually rounds down to 150%.

This is our exchange, clearly it was me and not silver being confrontational. :eyeroll:

Your original post which I caught before you edited it, was "He's mistaken, which is a polite way to put it" was highly insulting WHEN YOU ARE WRONG.

Because WE ALL KNOW profitability depends on your electricity rates, you attack me based on a stupid statement, as if people don't realize that and plug in numbers for themselves.

I originally recommended people who wish to mine to obtain LTC, they would be better off to mine Doge and trade LTC. Is it so wrong you had to get personal?

Edit: And i also caught your post insinuating IEC and my account are of the same person, TWICE. A serious accusation and callout.

 

[nwo]

No, he's not. My average realized NET profit per day in the past 25 days has been over $130 USD/day. I would not be even close to that with LTC alone.

That's the past 25 days though. I agree, there were periods where doge was extremely profitable but those days are behind us (for) now. Doge difficulty has gone through the roof. Instead of getting hundreds of thousands per day, I would be lucky to get 20k per day.

 

[Silverforce11]

That's the past 25 days though. I agree, there were periods where doge was extremely profitable but those days are behind us (for) now. Doge difficulty has gone through the roof. Instead of getting hundreds of thousands per day, I would be lucky to get 20k per day.

Check on http://dustcoin.com/

with your own set of numbers and see.

 

[blastingcap]

YOU ARE WRONG

Except that I'm not. I wrote "he's mistaken" because even the site you keep referring to (dustcoin.com) says Dogecoin: 152.95, not 200.00. Since when is 52.95% more profitable "twice" as profitable? That's why I talked about power costs/wattage and fluctuations in price, to be more accurate. I've seen this kind of number-massaging before, so sorry if I feel a little jaded.

 

[IEC]

Except that I'm not. I wrote "he's mistaken" because even the very site you cited to says 152.95, not 200.00. Since when is 52.95% more profitable "twice" as profitable? That's why I talked about power costs/wattage and fluctuations in price, to be more accurate. I've seen this kind of number-massaging before, so sorry if I feel a little jaded.

Silverforce made a good point that the higher your power cost, the greater the profit differential between <scrypt coin of the day> and LTC. For him, he claims ~2x net profit. For my numbers, it's more like 1.6x net profit.

Key word being "net"

 

[Silverforce11]

Except that I'm not. I wrote "he's mistaken" because even the site you keep referring to (dustcoin.com) says Dogecoin: 152.95, not 200.00. Since when is 52.95% more profitable "twice" as profitable? That's why I talked about power costs/wattage and fluctuations in price, to be more accurate. I've seen this kind of number-massaging before, so sorry if I feel a little jaded.

If you wanted to be accurate, you would have to include: Pool discovery rate of blocks, pool fees, exchange ratio, exchange fees, transaction into USD fees AND electricity cost.

If you are in my region as well as most countries in EU where electricity cost is high, Doge is very close to being twice as profitable after costs. If you are in NA or pay <0.1 USD per kWh then its ONLY ~50-60% more profitable.

Thus it is still better for those wanting to get LTC via mining, to mine Doge and trade it. CoinedUp, fast no fees.

 

[nwo]

Check on http://dustcoin.com/

with your own set of numbers and see.

Good site.

Doge is about 50% increase in revenue for me.

 

[blastingcap]

Silverforce made a good point that the higher your power cost, the greater the profit differential between <scrypt coin of the day> and LTC. For him, he claims ~2x net profit. For my numbers, it's more like 1.6x net profit.

Key word being "net"

Oh please. I was the one who made the point about power costs, not him, which you would see if you actually read anything in the last 2 pages by me. If you want to basically ignore everything I write and reflexively attack me and agree with silver no matter the facts, then just put me on your ignore list because I'm going to put you on mine.

He wrote:

It's still nearly twice as profitable to mine Doge than LTC.

If you guys want LTC, mine Doge and trade for LTC, you will get twice as much.

Notice he was talking about OTHER people, not himself and his power prices. And that is ... not right. Which is why I said "he's mistaken." Silver then cited to dustcoin thinking it proved his point, but actually it proves mine: Look at the numbers in green next to dogecoin, does that look like 200.00 to you? It's 152.95 at time of my previous post, now it's gone up a little to 153.17, which proves my OTHER point which is that prices fluctuate. In any case, Silver pays abnormally high power prices so it's dubious to use his own profitability numbers when forecasting others'.

If you are Silverforce you need to fess up now because it's against forum rules to have more than one account. I find it all too convenient that every time silver is proven wrong he and you both get defensive and talk about offtopic stuff like past profitability and then you have the gall to make it sound like silver made the point about power prices when it was obviously me who did.

 

[IEC]

Oh please. I was the one who made the point about power costs, not him, which you would see if you actually read anything in the last 2 pages by me. If you want to basically ignore everything I write and reflexively attack me and agree with silver no matter the facts, then just put me on your ignore list because I'm going to put you on mine.

He wrote:





Notice he was talking about OTHER people, not himself and his power prices. And that is ... not right. Which is why I said "he's mistaken." Silver then cited to a cite that stated plain as day: 152.95. That is not 200.00. Which is my point. Silver pays abnormally high power prices so it's dubious to use his own profitability numbers when forecasting others'. USA power prices are typically closer to 10 cents/kWh--a THIRD of his prices.

If you are Silverforce you need to fess up now because it's against forum rules to have more than one account. I find it all too convenient that every time silver is proven wrong he and you both get defensive and talk about offtopic stuff like past profitability and then you have the gall to make it sound like silver made the point about power prices when it was obviously me who did.

Quoting this for posterity, because this is a baseless accusation and a callout which I'd be happy to wager BTC or $ on.

Unlike you or Silverforce, I don't put people on my ignore list because I look at the data and make a decision based on that. I've learned things from both of you, despite my disagreements.

 

[blastingcap]

If you wanted to be accurate, you would have to include: Pool discovery rate of blocks, pool fees, exchange ratio, exchange fees, transaction into USD fees AND electricity cost.

If you are in my region as well as most countries in EU where electricity cost is high, Doge is very close to being twice as profitable after costs. If you are in NA or pay <0.1 USD per kWh then its ONLY ~50-60% more profitable.

Thus it is still better for those wanting to get LTC via mining, to mine Doge and trade it. CoinedUp, fast no fees.

I'm glad you have a newfound respect for accuracy. The best scrypt calculator is at bitcoinwisdom for future-facing profitability because it factors in difficulty changes. The huge storm in Canada/USA that brought down the power grid for a lot of people, and people hopping onto memecoins, dented litecoin difficulty for instance, but it looks like it's roaring back to 14% increase or so. Calculators like dustcoin are good for today's profitability but do not factor in difficulty increases.

http://bitcoinwisdom.com/litecoin/calculator

"Difficulty increment" means projected difficulty increase which except for the last week or two has been about 14% since bitcoin exploded in November. Pool fee is obvious what that means, but you should add another 1-2% for stales/disconnects. If you want to factor in exchange fees and ratio inefficiencies, add another few percent to the pool fee box.

The "hardware info" box is to describe your GPU's hash rate, price, wattage, when you expect to mine, and how much you paid to buy and deliver the GPU. Maintenance cost is for non-electrical maintenance cost, like if a GPU burns out and needs to be exchanged for anther one.

If you want to forecast something other than litecoin, just put those difficulty/adjust times/etc. into the boxes.

 

[Silverforce11]

Good site.

Doge is about 50% increase in revenue for me.

And the other one: http://www.coinwarz.com/cryptocurrency

It compares most of the scryptcoins, very handy.

 

[blastingcap]

Quoting this for posterity, because this is a baseless accusation and a callout which I'd be happy to wager BTC or $ on.

Unlike you or Silverforce, I don't put people on my ignore list because I look at the data and make a decision based on that. I've learned things from both of you, despite my disagreements.

I'm not saying you are for sure Silver (or his friend for that matter), and in fact I only said that as an afterthought. I think it's more probable that you simply don't read my posts which is why I said I'm going to Ignore you if you keep ignoring my posts. What I find appalling is that you somehow said that Silverforce made a "good point" in talking about electricity prices impacting profitability when it is BLINDINGLY obvious who ACTUALLY brought that up in the last couple of pages. And you made the exact same argument about historical profitability that Silver did, when we were talking about present profitability. I mean what the heck, the EXACT SAME response? My main response was that you clearly did not read my posts or else you would have seen that I brought up the 'good point' which you credited silver with, which is why I said earlier that if you aren't reading my posts why should I read yours, I should put you on ignore? I added as an afterthought that if you guys are the same you need to fess up, but I'm not saying that's true, I'm just stating the rules of the forum in case some people do not know them. Edit to add: I guess there is another possibility which is that you are deliberately trolling me. And there are other possibilities I'm sure. But I would think that if you had actually read my posts you would definitely not have "good pointed" Silver. Mon dieu.

 

[Silverforce11]

You don't need to bring up electricity cost, all miners know it affects their income.. its stating the blatant obvious.

0.3 per kWh may be abnormal for Americans, but I can assure you, many countries in the world pay this or even higher.

I am happy to help people here who want to mine coins, now they are looking into Doge mining instead of LTC because it is more profitable for them.

But for clarity sakes, let me rephrase my statements to be more accurate:

"It's still nearly twice as profitable to mine Doge than LTC, IF you live somewhere with high electricity costs."

And..

"If you guys want LTC, mine Doge and trade for LTC, you will get twice as much, IF you live somewhere with high electricity costs."

And finally, if you pay ~0.1 USD per kWh, Doge is ~50-60% more profitable to mine, currently.

 

[blastingcap]

I don't know how "blatantly" "obvious" it is considering that you yourself have not discussed electricity prices in some of your older posts. But in any case, I appreciate the more accurate phrasing of your previous statement. Thanks to price and difficulty fluctuations I'm sure the actual profitability of various coins will keep changing hour to hour and day to day, but that's life.

 

[IEC]

NXT now #6 on Coinmarketcap:

http://coinmarketcap.com/

 

[Kallogan]

NXT isn't moving much, it's on stand by mode. People are waiting for the code source to be released i guess. After 4th january, we'll get a clearer picture.

 

[DarkKnightDude]

Namecoin seems interesting, since its doing it DNS style.

Dogecoin is getting pretty difficult lately.

 

[Keysplayr]

How can I start to mine my own brand of coin? How do I create a new coin type?

 

[SunnyD]

How can I start to mine my own brand of coin? How do I create a new coin type?

Download the source of one of the coins, modify whatever you see fit, go to town.

 

[nwo]

Been mining on netcodepool for 15h. At roughly 19k per day according to the dustcoin calculator. However, I pulled in only 7k. So I am about 3k+ short. Back to mining LTC for me, since mining doge in this case is actually less profitable than mining LTC

 

[geokilla]

So I finally formatted my computer and I've run into a small potential problem. I did the AMD + Intel GPU trick that was mentioned before where I load up mining with the AMD GPU, then disconnect my monitor from the AMD GPU and reconnect it to my Intel GPU. I thought it worked well at first, but then it seems my shares don't get accepted anymore! Uhoh. Is there a way to fix it? Right now, I've connected my monitor back to the AMD GPU and am dealing with the lag mining gives.

 

[Shmee]

Kind of a noob question here, but I have a 8800 GTX laying around. Could I put it in the same win7 comp with a 290 or would that cause too many driver conflicts?

 

[taq8ojh]

Using Intel GPU along with AMD card (I assume any discrete card) is major pain in the ass.
What works for me right now (still watching it) is using dummy plug on the AMD card, leave Windows rendering desktop on both of them (I just couldn't get having only the Intel one active to work no matter what), and don't set intensity over 17. That way I don't see much lag at all (I can still watch a movie without problems).

However, if you're talking about some kind of workaround for not using a dummy plug, I can't help you there.

Shmee: it should work just like any other combination of cards. People are using much more obscure setups than that Just takes some messing around with configuration.

 

[Freaksterz]

I have an Asrock z77, Enabling intel GPU in bios and plugging the monitor to the mobo works just good enough for me.
Afterburner can't read the AMD GPU however and I assume it is running stock not undervolted, But I can watch movies and shows and only loose 5 or 6 KH/s

 

[IEC]

How can I start to mine my own brand of coin? How do I create a new coin type?

Download litecoin source or any of the other sources (such as Dogecoin), go to town on the source code, make nefcoin, advertise, make an MPOS pool for nefcoin, profit.

P.S. If you're actually serious you can PM me. I've been poking around at source code and MPOS out of curiosity but happen to have a lot of free time while on winter vacation.