Cryptocoin Mining?

[nwo]

Thanks for the explaination. I've just gotten set up and joined a pool. If I stick with it, I may just pick up a mid-range AMD card to throw in a spare PC. I'll see how things go before I invest in dedicated mining hardware.

If the AMD 265 makes its debut at $149 MRSP, I'd recommend picking up one of those. Just about everything else (higher end than the 265) AMD has to offer is currently 50% or more above MSRP.

 

[chimaxi83]

Yes yes yes, I will enjoy my scamcoins.

I'm sure everyone here understands that you hate Wolong (or the idea of him) and Pandacoins.

It has nothing to do with "Wolong" or Pandacoins. Get off the wolong nuts dude. It's the neverending stream of premined crapcoins, IPO scams, "oh look at us, we're unique!", etc. Just because you made a 0.0000173 BTC profit buying "low" and selling "high" doesn't mean you know anything

 

[geokilla]

It has nothing to do with "Wolong" or Pandacoins. Get off the wolong nuts dude. It's the neverending stream of premined crapcoins, IPO scams, "oh look at us, we're unique!", etc. Just because you made a 0.0000173 BTC profit buying "low" and selling "high" doesn't mean you know anything

Please. You guys are all hating him because he's Wolong. Or "Wolong" rather.

3% premine and IPO means nothing imo. If a coin succeeds, it will succeed. If it doesn't, it won't. MAX for example deserves to fail yet it's succeeding and highly successful at the moment. There's nothing to back up these coins anyways, whether it be DOGE or VTC or PANDA or any other coin out there. Don't hate the player, hate the game.

 

[slashbinslashbash]

So here's a crazy thought.

I wonder if it's possible to configure a rig so it's like an appliance...the goal is basically to have it be a space heater during winter...which also churns out bitcoins occasionally.

I kind of have a setup like this. I have 5x of the ButterflyLabs 60GH/s ASIC miners mining Bitcoins. Each of them is roughly the size of a small space heater or shoebox (say, 5"x5"x10"), they have fans taking air in one side and exhausting it out the other side. Unfortunately, the power and USB ports are on one of the long sides, and these cables have long connectors and are not very bendy, so it is not possible to get them very densely packed. Furthermore, the requirement of an external power supply has its limitations. This is what they look like (5th unit out of frame):

However, after that photo was taken, I reversed the fans on 2 of the units, so I was able to push the 4 units together in a rough cube, with all 4 taking in cold air from one side, and exhausting heated air out the other side. This is roughly 1000W of hashing power in roughly a 10"x10"x10" cube, with 4x 120mm intake fans and 4x 120mm exhaust fans. I have it sitting on a desk in an otherwise empty studio apartment, with the A/C turned to keep it cool when necessary, but the mining units will provide enough heat to keep the apartment fairly warm in cold weather. They are pretty loud, definitely louder and more unpleasant sounding than most space heaters. (92mm fans inside on the heatsinks = higher pitch than the 120mm fans on the ends. IMO their engineers failed at airflow, they should have just gone with full-height heatsinks, oriented the right way to allow the 120mm fans to cool them.)

I will note that even with 1000W being dissipated, the exhaust does not get super hot like an actual space heater does. It is more lukewarm. This is not too surprising when you consider that most actual space heaters produce something like 1500W out of roughly 1/4 the size.

The 300GH/s from my 5 units currently produces roughly 0.048 BTC per day.

I also had a Butterfly Labs Jalapeno unit. It produced 5GH/s and was pretty quiet. It looked nice and could sit beside my laptop on my desk. It got warm enough to warm my hands when they got cold. I sold it on eBay, but I will probably buy another one in a year's time when they are worth pennies, just for novelty.

 

[taltamir]

So here's a crazy thought.

I wonder if it's possible to configure a rig so it's like an appliance...the goal is basically to have it be a space heater during winter...which also churns out bitcoins occasionally.

No special configuration is needed.
Energy cannot be destroyed, every watt-hour "consumed" by the mining rig is actually being converted into heat (also known as "waste heat") in a process that happens to generate coins.
Except in this case (winter) you actually want said waste heat

 

[chimaxi83]

Please. You guys are all hating him because he's Wolong. Or "Wolong" rather.

3% premine and IPO means nothing imo. If a coin succeeds, it will succeed. If it doesn't, it won't. MAX for example deserves to fail yet it's succeeding and highly successful at the moment. There's nothing to back up these coins anyways, whether it be DOGE or VTC or PANDA or any other coin out there. Don't hate the player, hate the game.

Lol, "hating". I don't think there is a more moronic way to describe sharing an opinion than "hating". Besides, I have a little over a million Pandacoins ready to be dumped. Nobody is a "hater", grow up.

 

[IEC]

Please. You guys are all hating him because he's Wolong. Or "Wolong" rather.

3% premine and IPO means nothing imo. If a coin succeeds, it will succeed. If it doesn't, it won't. MAX for example deserves to fail yet it's succeeding and highly successful at the moment. There's nothing to back up these coins anyways, whether it be DOGE or VTC or PANDA or any other coin out there. Don't hate the player, hate the game.

Meh, pump and dump just like 99 other coins out there.

 

[IEC]

My water cooled 290CF machine dumps a ton of heat out of the top of my case. It absolutely is a space heater, and if it was inside the house it'd be fairly uncomfortable.

Wait, your machine isn't inside the house? Are you sending the water outside of the house to an external external radiator?

 

[SimianR]

Meh, pump and dump just like 99 other coins out there.

Exactly, calling Panda a scamcoin is kind of funny considering the rest could be equally considered scamcoins anyway. However - its easy to hate the mythical "wolong" when he writes stupid stuff like this ->

https://twitter.com/GameOfDeception/status/435798224696131585

I will kill vtc and doge.. Already killed doge by massive dumps during halving, vtc is still being dumped by me

 

[chimaxi83]

Wait, your machine isn't inside the house? Are you sending the water outside of the house to an external external radiator?

Oh no, nothing fancy. It's in my attached garage.

 

[Torn Mind]

And this is why, despite getting the itch occasionally, I no longer speculate on the markets unless it's a sure thing.

Yep, it is never a good time to speculate in the period right after the price surge that happens on a coin right after launch. Princes dwindle and dwindle until the do hit a stable point. Then, they will just stay there, go down and die, or suddenly surge. Leafcoin and Karmacoin at that stage in which going down another peg isn't likely going to happen and if it does, it won't hurt too much. Some of those coins just flounder, such as Cagecoin, which is basically DOGE with a different face, while others do attract attention and get that magical surge speculators crave.

 

[Torn Mind]

It has nothing to do with "Wolong" or Pandacoins. Get off the wolong nuts dude. It's the neverending stream of premined crapcoins, IPO scams, "oh look at us, we're unique!", etc. Just because you made a 0.0000173 BTC profit buying "low" and selling "high" doesn't mean you know anything

Speculators only care for the potential for profit thanks to the change in exchange rates. Whether the coins are useful or scams don't matter so long as the benefits outweigh the costs.

 

[AyashiKaibutsu]

Anyone have a good guide for nvidia on doge coins? My utilities are covered in rent so I figure I might as well put some of my spare computers to use.

 

[Attic]

Middlecoin has done a face plant.

Total fail now. Hope the operator gets it fixed, I liked the minimalist approach, but overnight it went to being worse than straight LTC mining.

On to vertiminer to look into scrypt N coins. A quick run here and it just looks like I need to run my rigs slightly more conservatively than they already were to get stable and it looks like the 270/270x make even more sense for scryptN vs the 280x than they did for litecoin type scrypt (scrypt -?).

Where do we think scrypt is going? Looks like asics will fail here which is good. Scrypt N or Scrypt Jane to take over? Biggest pain is having to fine tune rigs again.

 

[slashbinslashbash]

Bitshares snapshot has been announced for 2/28, grab up Protoshares while you can. For those that have not heard of it, BitShares is a decentralized exchange/options market with shares issued to those who hold protoshares or have donated angelshares. Angelshares will give donators 3x their donation based on the feb 28 snapshot.


https://bitsharestalk.org/index.php?topic=2940.0


This is finally something besides just another coin...

Thanks for the heads-up. This looks worthwhile. I have been reading about it on and off for a couple of weeks now. I threw a bit of BTC at it.

 

[UNhooked]

Thanks for the heads-up. This looks worthwhile. I have been reading about it on and off for a couple of weeks now. I threw a bit of BTC at it.

Just mine Max, sell it and buy VTC since it's a pain to mine. Max is profitable, easy on power and the machines. Win in my books.

 

[geokilla]

I got only two MAX in 48 hours... 1GH has over 60% of network hash last I checked. This is silly.

 

[T_Yamamoto]

You guys can call Pandacoin a scam coin and whatever.

Let's be honest. We're all here (well most of us) to make some money. Yes the 3% premine (3 billion) seems a bit large and the IPO offering was kinda err for me as well, but as long as I can get some decent money out of it, I'll be okay.

From what I've seen, Wolong has put his money where his mouth is. If Panda fails, thats okay.

Did anyone see the fail launch for rubycoin?

 

[UNhooked]

I got only two MAX in 48 hours... 1GH has over 60% of network hash last I checked. This is silly.

I used to mine at max.suprnova.cc but been mining at http://dwarfpool.com/max with much better results.

Lack of good pools was one of the issue with this coin. 1gh was the only game in town during lauch. They were also the ones responsible for fixing issues with this coin, releasing miner etc. Hence probably that's why everyone mines with them.

BTW check this Scrypt Asic makes it's way Stateside.

https://bitcointalk.org/index.php?topic=474017.msg5230057#msg5230057

 

[SimianR]

Yeah I'm not quite sure that Max is really all that profitable to mine? With one of my R9 290 systems I'm getting like 0.12 MAX per hour? So 2.88 Max per day @ $1.49 seems pretty pointless.

 

[Ryandb2]

Not sure why you guys are getting such bad rates on max. With difficulty ranging between 100,000 and 135,000 I get about 13 Max every 24 hours only running ~1.5Mhash, thats a 7950 and 290x. With the exchange pretty steady at .0024 thats .0312 BTC/day or $20. I can't get close to that anywhere else. Doge before the split was hovering around $10/day and middlecoin or wafflepool get about .01 - .015/khash on script.

I run at https://max.hashfaster.com/ which seems to be a really good pool.

 

[SimianR]

In Cgminer I'm getting an average of 388.8Mh/s with my R9 290 mining MAX - is that fairly typical or is something wrong?

Edit* Also getting a WU of 84.2/m not sure if that makes any sense at all for Max or not.

 

[IEC]

What pool are you on? Maybe you're on an unlucky pool?

 

[Ryandb2]

Actually that sounds about right, sorry for the odd number I gave, that's what my pool reports, I don't think they play well with the algorithm. My 7950 gets about 250Mh/s and the 290x gets 500Mh/s. I had to play with the 290 a lot as it went from high 300's to low 500's with minimal change in clock but it was picky. Yours is almost exactly half my rate with those two cards, so I would expect you to be at 6-7 Max per day, assuming you have a good pool.

I'm not sure why you are looking at .12 Max per hour, you should be sitting at .25 Max per hour minimum. How long did you run and how many blocks were found by your pool, it could just be a luck issue. Due to the high difficulty and 1ghz pool ownership issue, if you aren't in a pool that makes up a sizable % you can wait a long time for blocks. My first pool shut down because after 3 days we had only found 4 blocks. It was tough getting paid every 12 hours when the price was changing by the minute.

 

[SimianR]

I'm actually using the same pool as you - HashFaster. I mined overnight the other day and got 1.75 coins. I'm going to set both my R9 290's on this pool overnight and see if it was just bad luck.