Cryptocoin Mining?

[nwo]

Intensity on 14, fan on 65%, temps at 77C. Don't I want to stay below the 85C range?

Also, I can get exactly 300 if I put intensity to 18 and fan to 100%, but that's going to kill my card. I don't overclock, either. I'm using this computer as my only computer as well.

Try to play around with some of the settings listed in this hardware comparison:

https://litecoin.info/Mining_hardware_comparison

Intensity should definitely be higher than 14 if you want higher hashrates, but check your thread concurrency as well until you find the optimal number. Lastly do not forget to adjust your clock speeds for optimal performance since that will likely have the biggest impact. Some cards get higher hashrates when overclocked while others get the best results when they are underclocked.

 

[Silverforce11]

yeah, catcoins are and have been solely a speculators twinkle in the eye. If you didn't get in right when they launched, you missed the boat, or you're hoping they turn into the next LTC/BTC because of their properties (they have the same block/difficulty format as BTC). Basically, you mine and hold long. LONG long, hoping they turn into the next bitcoin. But they won't, because they are entirely premised on being the yang to dogecoin's yin.

Basically, sit on them and come back in a couple years. They might be worth something.

scrypt mining: It's an art.

Catcoin will re-adjust as the next difficulty, it looks to drop back to around 64, at which point it will become very profitable to mine again. There's gonna be a massive surge from miners switching to get coins when it happens.

A lot of the spike is from multipool types that point all their massive hashes at whatever is profitable currently.

 

[SunnyD]

Much smaller payouts, but I've already got a few.

Smaller, but more often. Should be a much, MUCH bigger pool.

 

[KingFatty]

Last night I was like holy crap, I spent over a grand on cards alone I only generated about 16 LTC so far in about 5 weeks of mining. But, I still have faith and refuse to cash out until they reach at least $100 each.

So that's about 5 weeks = about 35 days.
35 days/16 LTC = 2.1875 days to get one LTC.
16 LTC/35 days = 0.4571428571428571 LTC per day.

Using the current difficulty, you appear to have a hash rate of:
1450 KH/s = 0.46 LTC/day

I'll assume you have 2 video cards, so that's about 725 KH/s per card, which is around 7970 levels.

So I conclude you purchased two 7970 video cards, at over $500 each, for a total of over a grand on cards alone? If only we knew the cards would increase in price so much, we could have bought cards before the price increase...

 

[SunnyD]

So that's about 5 weeks = about 35 days.
35 days/16 LTC = 2.1875 days to get one LTC.
16 LTC/35 days = 0.4571428571428571 LTC per day.

Using the current difficulty, you appear to have a hash rate of:
1450 KH/s = 0.46 LTC/day

I'll assume you have 2 video cards, so that's about 725 KH/s per card, which is around 7970 levels.

So I conclude you purchased two 7970 video cards, at over $500 each, for a total of over a grand on cards alone? If only we knew the cards would increase in price so much, we could have bought cards before the price increase...

You'd be wrong. He has a FS/FT thread here, you can see exactly what he has "rejected". I'd estimate he's pushing about 1.2MHash/s give or take on one rig, and is trying to cherry pick cards. It would have been a lot smarter to just take all the cards he had bought and start building machines around them. He'd be sitting on probably 4-5MHash/s worth of mining power and be pulling in probably close to $100/day, and paid off those builds in about 2 weeks worth of mining.

But I'm just "guessing" here.

 

[nwo]

So that's about 5 weeks = about 35 days.
35 days/16 LTC = 2.1875 days to get one LTC.
16 LTC/35 days = 0.4571428571428571 LTC per day.

Using the current difficulty, you appear to have a hash rate of:
1450 KH/s = 0.46 LTC/day

I'll assume you have 2 video cards, so that's about 725 KH/s per card, which is around 7970 levels.

So I conclude you purchased two 7970 video cards, at over $500 each, for a total of over a grand on cards alone? If only we knew the cards would increase in price so much, we could have bought cards before the price increase...

I currently have:
3x7870 @ 2x 395kH/s, 1x 350kH/s or less because I often game with this card disabled or use this desktop with intensity turned down
1x7850 @ 360kH/s avg
1x7970 @ 650kH/s avg

So my current hashrate average is about 2.2MH/s which cost me about $750 give or take.

I have also ordered a 270 which I had to RMA since it would not POST in my p67 mobo as well as a 7950 which I ordered a few days ago from amazon :sneaky:. Newegg is extremely slow with RMA.

I first started with only two 7870s and then starting gradually adding more cards into the mix when a good deal would arise. I also wasted a few days mining doge (have about 400k) on some of my cards and also had some downtime from power failures or other misc issues.

I'd estimate he's pushing about 1.2MHash/s give or take on one rig, and is trying to cherry pick cards. It would have been a lot smarter to just take all the cards he had bought and start building machines around them. He'd be sitting on probably 4-5MHash/s worth of mining power and be pulling in probably close to $100/day, and paid off those builds in about 2 weeks worth of mining.

But I'm just "guessing" here.

You're damn right I am :awe:

I wish I could be pulling in $100/day with 4-5MH/s, but I'm the lazy type who likes to stick with LTC rather than gamble with scam coins.

The original plan was to make $50/day with 2.5MH/s mining LTC. I'm at about $20/day now with 2.2MH/s which is not bad, but far from what I expected.

However, like I said, I am not giving up hope that easily and I am willing to wait a while before I cash out my LTC.

 

[Silverforce11]

nwo, its not a gamble if you mine and sell right away while the price is high.. what you're doing is actually gambling, on LTC prices skyrocketing for you to profit since you are holding onto LTC instead of going after higher value altcoins.

Even now there's coins where you could earn 2x mining compared to LTC.

Mining and hold in hope of value going up = gambling, similar to investors buying and holding.

 

[nwo]

nwo, its not a gamble if you mine and sell right away while the price is high.. what you're doing is actually gambling, on LTC prices skyrocketing for you to profit since you are holding onto LTC instead of going after higher value altcoins.

Even now there's coins where you could earn 2x mining compared to LTC.

Mining and hold in hope of value going up = gambling, similar to investors buying and holding.

Yeah I know but I haven't had much luck with scam coins and scam pools, which is why I consider it a gamble.

Like I said, I'm the lazy type who is not willing put in the work every day, or multiple times per day, in order to make the most profit at the end of the day. I tried it with doge and coinedup. It was a very time consuming nightmare and absolutely hated it even though it gave me much higher returns than mining LTC alone.

I do not consider LTC a gamble, I see it as a long term investment. Of course there is risk involved, but as long as BTC holds up, LTC will as well. I can't say the same for (m)any other coins. If everything goes bust then I guess I'll be out a grand or so but I'll still have the rigs to screw around with as a hobby.

 

[KingFatty]

With all those video cards, how is your power consumption? I would think your power bill must be painful. Have you thought of selling multiple of the individual cards, and switching to fewer more powerful/power efficient cards?

 

[geokilla]

Intensity on 14, fan on 65%, temps at 77C. Don't I want to stay below the 85C range?

Also, I can get exactly 300 if I put intensity to 18 and fan to 100%, but that's going to kill my card. I don't overclock, either. I'm using this computer as my only computer as well.

Try lowering the VDCC then. I lowered mine and temperatures dropped significantly.

 

[chimaxi83]

Do any of you guys follow and or participate in those Reddit threads to buy/sell crypto? Just taking a quick look, the other day they were successfully buying/selling doge at $0.90 USD per 1000. Unless my math is terribly wrong, the 7 million doge I'm holding is worth a decent chunk, but the numbers I come up with don't match up with straight conversions to BTC at current rates. What am I missing?

 

[24601]

Do any of you guys follow and or participate in those Reddit threads to buy/sell crypto? Just taking a quick look, the other day they were successfully buying/selling doge at $0.90 USD per 1000. Unless my math is terribly wrong, the 7 million doge I'm holding is worth a decent chunk, but the numbers I come up with don't match up with straight conversions to BTC at current rates. What am I missing?

Have fun with fraud.

The only people who buy things in that manor are the people who banks/exchanges wouldn't do business with.

 

[chimaxi83]

Have fun with fraud.

The only people who buy things in that manor are the people who banks/exchanges wouldn't do business with.

I went back and reread my post, and for the life of me I just could not find where in the hell I asked "hay gaiz shud I sel on teh reddit? lolz such dollaz". If all I saw in the few threads I looked at was obvious fraud, I wouldn't have bothered posting here.

If someone is going to reply, something helpful would be appreciated.

 

[holden j caufield]

what is going on with PPC and XPM they have been going up while LTC and BTC haven't moved much all day.

 

[Silverforce11]

what is going on with PPC and XPM they have been going up while LTC and BTC haven't moved much all day.

Pump and dump like usual, slow BTC/LTC day.. day traders gotta do what they gotta do.

 

[nwo]

With all those video cards, how is your power consumption? I would think your power bill must be painful. Have you thought of selling multiple of the individual cards, and switching to fewer more powerful/power efficient cards?

All others are as fairly efficient and electricity is not too expensive for it to be a concern. I have one rig at home, one at the office (where it seems like the electric bill is either split among everyone or included in the rent or maybe it was just estimated for the past month), and one at my home away from home. It is also a very cold winter with temperatures foretasted to drop below 0*F next week (-20*C) next week, so my rigs help keep me, and everyone else, warm

 

[Skurge]

I went back and reread my post, and for the life of me I just could not find where in the hell I asked "hay gaiz shud I sel on teh reddit? lolz such dollaz". If all I saw in the few threads I looked at was obvious fraud, I wouldn't have bothered posting here.

If someone is going to reply, something helpful would be appreciated.

What's a safe place to buy/sell coin. And what is a good coin to invest in. I have't read most of this thread.

 

[Silverforce11]

https://localbitcoins.com/guides/how-to-sell-bitcoins-online

I like this place, very nice options and you can get a lot higher for your coins than from exchanges.

 

[holden j caufield]

doge seems to be dropping in value very fast. Is it still profitable to mine doge vs ltc?

 

[ultimatebob]

doge seems to be dropping in value very fast. Is it still profitable to mine doge vs ltc?

These guys say yes, but keep in mind that doge is a much riskier coin to mine. It might be worthless by the time you try to trade in your pile:

http://www.coinwarz.com/cryptocurrency

 

[holden j caufield]

wtf is happening in the markets today.

 

[SunnyD]

wtf is happening in the markets today.

que?

 

[holden j caufield]

the volume seems much higher across all the coins I've traded. BTCE which is loads better than cryptsy was kind of lagging today for me. Vircurex seemed to have decent volume too. Maybe it's just me but a lot of coins have gone up significantly in the past 24 hrs. All except doge, it's been steadily dropping for me.

 

[Mark R]

doge seems to be dropping in value very fast. Is it still profitable to mine doge vs ltc?

DOGE is inherently worthless. However, it isn't dropping in price anywhere near as fast as I thought it would.

In general, however, it still has by far the best risk/reward profile of any coin by a huge margin (due to very high hash rate, stable difficulty, relatively low volatility and high trade volumes)

Just make sure that you cash out and exchange at least every 24 hours, I don't think it's got that much longer to live.

The coins at the top of coinwarz with difficulties of under 10, have very low hash rates. When a big auto-switching pool jumps in, it can mine 6 hours worth of blocks in a few minutes, and when the difficulty readjusts to something astronomical, the coin is unminable for a day or two due to extreme difficulty - meanwhile the autoswitch pool has moved on to something else.

 

[holden j caufield]

well if I have ~4mhash available. I can mine about ~1.7 ltc (estimate?) at ~$25 per lite x (1.7) comes out to be ~$42 in one day. Maybe I'm on the wrong doge pool but I don't think I'm doing that much better mining doge at 4 mhash (.00000048) converting it to BTC -> ltc

Or maybe my math is off. How many doges in a day at 4 mhash can I expect. BTW stay away from doge.scryptpools.com they appear to have taken a lot of doges from people.