Cryptocoin Mining?

[slashbinslashbash]

That would be a real coup for the operator if true. It's certainly possible, the DOGE block reward is determined by the hash of the previous block in the chain, so it is absolutely predictable before mining starts on a block.

It certainly could explain some of the very odd behavior shown by the middlecoin pool, where it would mine DOGE for 1 block, then go and mine something else for 30 seconds, then go back to DOGE.

That said, given the very lackadasical attitude of the middlecoin developer over the last few months, I don't know if it's something that he'd spotted and taken advantage of.

Well, it's quite clear that somebody/bodies with command of considerable hashrate was taking advantage of it. I posted a link to a Reddit thread about it a couple days ago.

http://forums.anandtech.com/showpost.php?p=36066026&postcount=10348

The guy had done a considerable amount of research, and commenters in the thread added more info. They found that all the big DOGE pools had an average block reward of around 460k instead of 500k, IIRC. And this is over something like a month-long period, so not just a small sample size, so for it not to be very close to 500k is highly suspect.

Also, network hashrates were higher on the high-paying blocks (or at least, block generation times were below 60s on the high-paying blocks, and over 60s for the low-paying blocks). So clearly some decent proportion of the DOGE hashrate (5-10%?) was taking advantage by only mining DOGE while the big blocks were active.

 

[SimianR]

Looks like Vertcoin and Maxcoin daily mining profitability is about the same currently. Obviously that could change pretty quickly.

 

[taltamir]

Yeah, 7970/280X gets 690-700. 290X should see much more.

Taltamir, what coin are you mining? Did you under-volt? Under-volting was the key thing that brought my 280X from 400's to 600's.

I didn't touch the voltage. If under volting improves performance it suggest thermal throttling is an issue.
I was mining doge.

 

[taltamir]

I went from 700MH/sec on my 280x OCed to 560MH/sec on my 780Ti.

560 is what I would get on auto config. Check my earlier post for parameters to pass unto it for faster perf.

 

[rtsurfer]

560 is what I would get on auto config. Check my earlier post for parameters to pass unto it for faster perf.

So I have a question for you.
Can you mine all the coins.??

Or the coin has to support Nvidia cards.?

Can you mine new coins such as Maxcoin/ Vertcoin / etc. That people are talking about here.

If yes, 780 / Ti Classified, here I come.

 

[slashbinslashbash]

So I have a question for you.
Can you mine all the coins.??

Or the coin has to support Nvidia cards.?

Can you mine new coins such as Maxcoin/ Vertcoin / etc. That people are talking about here.

If yes, 780 / Ti Classified, here I come.

All coins (well, except CPU-only coins) can be mined on NVIDIA GPU's, but for that matter, all coins can be mined on Intel or AMD CPU. However, it may be very slow, and not cost-efficient.

With many coins (scrypt algorithm, Litecoin, Dogecoin, etc.), a $300 AMD GPU will beat a $600 NVIDIA GPU. This is just a quirk of the GPU architecture, and the algorithms commonly used to mine.

Other coins (different algorithm) are more equal between the two, but if you buy NVIDIA, you should mine a coin which has good NVIDIA performance such as Max or Vert.

 

[Kosmic1]

I'm a little vexed with middlecoin. It hasn't paid out since the 16th. I have moved my 24/7 card over to clevermining, and when I am away from the computer I use my desktop card to keep mining middlecoin so that I can get a final payout from them before tasking both cards to clevermining. Both cards are 280x but I'm not sure if it's worth it to keep some hashing going with middlecoin in order to get a payout or not.

 

[KlokWyze]

Hmmm...a lot of news this week and mostly good. Winklevoss guys applied for a legit sec sanctioned btc index fund. EBay announced multiple currency functionality with PayPal. Btc atms in new Mexico already working. Other than gox still dying its all positive....

Thinking of buying 2 btc @ coinbase and just holding and/or day trading...

Which coins out there are friendliest with nvidia cards? Is it just Max?

 

[x3sphere]

Hmmm...a lot of news this week and mostly good. Winklevoss guys applied for a legit sec sanctioned btc index fund. EBay announced multiple currency functionality with PayPal. Btc atms in new Mexico already working. Other than gox still dying its all positive....

Thinking of buying 2 btc @ coinbase and just holding and/or day trading...

Which coins out there are friendliest with nvidia cards? Is it just Max?

ProtoShares runs good on Nvidia. My 2x780 can mine around 0.61 PTS a day which is 0.017 BTC at the moment.

 

[IEC]

Hmmm...a lot of news this week and mostly good. Winklevoss guys applied for a legit sec sanctioned btc index fund. EBay announced multiple currency functionality with PayPal. Btc atms in new Mexico already working. Other than gox still dying its all positive....

Thinking of buying 2 btc @ coinbase and just holding and/or day trading...

Which coins out there are friendliest with nvidia cards? Is it just Max?

Isn't a 780 Ti only good for about 170MH/s with Max? My 290s get 400MH/s+...

 

[KlokWyze]

ProtoShares runs good on Nvidia. My 2x780 can mine around 0.61 PTS a day which is 0.017 BTC at the moment.

Isn't a 780 Ti only good for about 170MH/s with Max? My 290s get 400MH/s+...

You guys answered my question. Nvidia mining is only good on a broken coin for the moment (CPU only originally). Though I've read the 750ti's could be decent @ a lesser density.

 

[slashbinslashbash]

You guys answered my question. Nvidia mining is only good on a broken coin for the moment (CPU only originally). Though I've read the 750ti's could be decent @ a lesser density.

Protoshares (PTS) are awesome, not broken. GPU's only get about 2x what a CPU can do, so it's not really "broken" but just means that somebody put the time and energy into figuring out a way to somewhat optimize mining with GPU's, which we all know are more suited to the massive parallelism of hashing than any CPU.

Owners of PTS of record on 2/28/14 will be included in all BitShares derivatives going forward. It has gone up roughly 75% in the past day and IMO will continue to rise. It may even see BTC parity before the 2/28 deadline. Call me crazy but I am betting that it will see at least 0.1BTC per PTS before 2/28. I have put my money where my mouth is, I have converted most of my BTC and DOGE to PTS (and Angelshares (AGS), which is related). Not that I had a lot to begin with, but several hundred dollars worth.

It also has crazy high support from China. 78% of 24-hour trading volume has been on BTC38.com, over $3.9M. Total 24-hour volume is $5.4M, 2nd only to BTC, roughly 1/4 of BTC, more than LTC, over 2x DOGE:

http://coinmarketcap.com/volume.html#pts

The BitShares guys have some truly good ideas, and they have me convinced that PoW coins are not the way to go in the long run. PoW inevitably leads to centralization, i.e. large mining farms whether ASIC, GPU or CPU. This means a few cartels control the hashpower and could conceivably control the markets.

BTC is halfway there already. Of course there is a large number of existing coins that were mined by individuals, but the whole point of having a cryptocurrency is to have decentralization as a key component of security. 51% attacks become a reality when half of the hashrate is controlled by a few major players who can solo-mine and don't need to depend on pools. I am not saying that BTC is dead, as it has first-mover advantage and it will continue to coast for a long time.

But the BitShares folks have some really great ideas for truly decentralized, PoS "shares" (not coins) that can be tied to real-world assets like the USD, a share of a company, an ounce of gold, or even a BTC; which can be traded freely, and which return interest/dividends to holders, as a PoS mining fee. They have not just ideas, but functioning prototypes. Already millions of dollars have been invested into AngelShares (2500+ BTC, https://blockchain.info/address/1ANGELwQwWxMmbdaSWhWLqBEtPTkWb8uDc as well as 170k+ PTS, https://coinplorer.com/PTS/Addresses/PaNGELmZgzRQCKeEKM6ifgTqNkC4ceiAWw) which will be used to fund development, both directly by the BitShares developers as well as outside developers through bounties. The Proof of Stake mining provides a secured, hashed blockchain without requiring ridiculous difficulty or computing power.

 

[T_Yamamoto]

RIP Pandacoins

From what I have seen So long had a melt down and sold a shitload of panda at IPO price (25) and 1 satoshi

There are two theories flying around.

Either he's doing this to pump it sky high after everyone sells, or he's actually mentally retarded.

 

[Attic]

Yea, I had my rigs setup for vertminer switching between Panda and VTC even though I knew better. Took in the tookus with the time spend on Panda. It's a pain getting vertminer going on non Windows rigs IME and a nightmare on BAMT 1.2. I feel like metoers are crashing down the past few days of mining. Fun.


Mt Gox is worse than I thought, and the bar I set for them was already buried. They posted an update on their website that is such a weak and thinly veiled cover for either such gross incompetence or corruption of how they do business that I literally sat there stunned as I read it.

Still no withdrawels, now security issues... It looks like someone there has devised a plan to steal coins value from it's customers while not technically doing so. Anyone who has coins there is going to sell at these massively manipulated low prices and the profiteer is Gox because they now get a coin from a herded mass of scared customers at ridiculously sub market levels.

For Gox to have literally nothing solved and to have this worse off now than ever is just a cover for continued theiving of customer accounts. I don't buy that Gox is this incompetant, it has to be the intent to come across like this for the sake of scaring customers.

 

[SunnyD]

RIP Pandacoins

From what I have seen So long had a melt down and sold a shitload of panda at IPO price (25) and 1 satoshi

There are two theories flying around.

Either he's doing this to pump it sky high after everyone sells, or he's actually mentally retarded.

BAHAHAHAHAHHAHAHAHAHAHAHAHAHA :biggrin:

You were warned.

 

[KingFatty]

I'm a little vexed with middlecoin. It hasn't paid out since the 16th. I have moved my 24/7 card over to clevermining, and when I am away from the computer I use my desktop card to keep mining middlecoin so that I can get a final payout from them before tasking both cards to clevermining. Both cards are 280x but I'm not sure if it's worth it to keep some hashing going with middlecoin in order to get a payout or not.

How is the average return per KH/s for clevermining?

I like that wafflepool publicizes this information so you can check what their return rate is for each day. The past two full days have seen returns of around 0.009 BTC per day for each 1000 KH/s you throw at it (1000 KH/s = 1 MH/s).

But I'm not sure what the average is for clevermining, how do they compare to waffle or middle? I think middlecoin has been way way below 0.01 BTC/day/MH/s, would you agree?

 

[JBT]

Just got my Asus R290 DCUII from Amazon and its its getting 840 kh underlocked a bit to 947 core and 1250 memory. I haven't messed with it much. But now that the wife and kids are out of town its time to do some tweaking!

 

[T_Yamamoto]

BAHAHAHAHAHHAHAHAHAHAHAHAHAHA :biggrin:

You were warned.

Haha yeah. I feel a little stupid

HOWEVER, I made more doge selling my panda and buying doge than I would have mining doge, so I take it as a win

 

[SunnyD]

Haha yeah. I feel a little stupid

HOWEVER, I made more doge selling my panda and buying doge than I would have mining doge, so I take it as a win

Now THAT is the way to do it.

IMHO, with a brand new coin you either mine and dump immediately or you go long. As in "bitcoin" long.

But day trading most coins is pointless.

 

[geokilla]

RIP Pandacoins

From what I have seen So long had a melt down and sold a shitload of panda at IPO price (25) and 1 satoshi

There are two theories flying around.

Either he's doing this to pump it sky high after everyone sells, or he's actually mentally retarded.

Sup son. I lost $500.

 

[nwo]

What the heck is going on with doge? Difficulty is not necessarily going up but my income is in the gutter for weeks now...

I can't even pull 10k per day with 2.5MH/s

Is my pool shafting me or what?

 

[geokilla]

On another note, I started playing with experimental intensity just now. I broke 615Kh/s on my 7950! Before I could barely manage 600Kh/s!

 

[thilanliyan]

ProtoShares runs good on Nvidia. My 2x780 can mine around 0.61 PTS a day which is 0.017 BTC at the moment.

Which miner are you using?

I'm on AMD and trying to figure out which miner to use.

 

[slashbinslashbash]

What the heck is going on with doge? Difficulty is not necessarily going up but my income is in the gutter for weeks now...

I can't even pull 10k per day with 2.5MH/s

Is my pool shafting me or what?

You do know that Doge halved its block reward last week?

I've been pulling 2500-2700 per day with ~700kH on Dogehouse. So... that puts me about the same as you.

 

[SunnyD]

Sup son. I lost $500.

I hope you're not talking about fiat money that you "invested". If you're talking about coins that you mined, then you "lost" nothing but time and maybe a few dollars of electricity. If you invested actual dollars... :whiste: