Cryptocoin Mining?

[nwo]

You could also turn one of your office rooms into a mining room like I plan to do in the summer :awe: Free AC & partially free power

 

[Virge_]

It's not clear how much viability is left with the profit-switching scrypt pools. Wafflepool, Clevermining, and Middlecoin are all essentially trending right with LTC lately (sometimes worse, sometimes better).

If there was a variant of cgminer which could switch hashing algorithms when requested by the pool it would be possible to extend it further.

ScryptGuild would like to have a word with you. Literally doubled my daily BTC @ 60MH/s by switching from Waffle to Scrypt.

 

[IEC]

ScryptGuild would like to have a word with you. Literally doubled my daily BTC @ 60MH/s by switching from Waffle to Scrypt.

Yes, but can they consistently beat the market (LTC rate)? Arbitrage opportunities are quickly disappearing so I doubt it.

 

[walloyyy]

So I bought a few of these 30cm usb risers, http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rd=1&item=111292275403 . They're working great but I was wondering if anyone has swapped out the cables with usb 2.0 cables? One of them needs to be a tad longer.

 

[Virge_]

Yes, but can they consistently beat the market (LTC rate)? Arbitrage opportunities are quickly disappearing so I doubt it.

Doesn't really matter for those of us banking in BTC anyway. ScryptGuild saves me multiple steps and does the automation for me so I can focus on the upkeep of my farm.

 

[Mark R]

So I bought a few of these 30cm usb risers, http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rd=1&item=111292275403 . They're working great but I was wondering if anyone has swapped out the cables with usb 2.0 cables? One of them needs to be a tad longer.

No. They need to be USB 3 cables.
USB 3 cables have more pins - and ALL of them are needed for risers.
Double A-male ended USB 3 cables are non-standard, so good luck finding any for sale separately from the riser cards.

 

[Maximilian]

Funny

http://www.youtube.com/watch?v=JcRY50cO2mA

 

[rtsurfer]

ScryptGuild would like to have a word with you. Literally doubled my daily BTC @ 60MH/s by switching from Waffle to Scrypt.

Cough Cough

I remember telling people to look at Scryptguild.

Maybe now they will listen..

 

[T_Yamamoto]

Cough Cough

I remember telling people to look at Scryptguild.

Maybe now they will listen..

You very much did. :thumbsup:

 

[Virge_]

Cough Cough

I remember telling people to look at Scryptguild.

Maybe now they will listen..

Dunno, I listened. =O

Whats the problem?

 

[Keysplayr]

Looks as though Cryptocoin mining is becoming complicated and seems to need a nimble user to constantly monitor what to mine. Sounds like more and more work everyday. Dunno how you guys do it. LOL.

 

[rtsurfer]

Dunno, I listened. =O

Whats the problem?

No problem.
My post wasn't targeted at any specific person.

You actually helped with data that I didnt previously have when I made my recommendation.

 

[taserbro]

Welp.

I just got unceremoniously robbed by cryptorush for what little btc I got from this little mazacoin adventure. I thought I was getting out of this looking like a genius when I sold right at the cliff before it crumbled... then multiple hours after my withdrawal, still no sign of anything going through and the support dept might as well be a parody of all the bad support depts. Get on our IRC channel and get casually banned!

Oh well, it was only about 0.26btc but it still feels awkward and humiliating to have my scam cherry popped.

 

[Mark R]

Looks as though Cryptocoin mining is becoming complicated and seems to need a nimble user to constantly monitor what to mine. Sounds like more and more work everyday. Dunno how you guys do it. LOL.

You either pay someone to do it (via a profit switching pool like clevermining or middlecoin), or you let others pay you and take the risk (via a mining rig leasing service such as leaserig.net).

I've done both. The switching pool is super lazy, just set and forget. You can get a fair bit more by leasing the rig to people who think they have found the mother lode, but it's higher maintenance, they tend to want support or refunds if your rig dies. In 1 month, I've only had to give out one refund (my ISP pushed out a router firmware update in the middle of the night, and the router didn't reboot cleanly afterwards, and I didn't realise until I woke up next morning when the house was like a walk-in freezer because all the mining rigs had shut off).

The other advantage is that you can see what other people are mining. My best customer normally mines on their private profit switching pool, but you get people paying a premium price to mine the latest new altcoin. That's how I found out about TOPcoin. I noticed someone had paid a massive premium to lease a rig for that, so I decided it was a good thing and pointed the rest of my rigs at TOPcoin. I made out like a bandit on that - got about 0.8 BTC for 12 hours.

The thing I'm really kicking myself over, is that people have been lease my rigs to mine aurora on and off for the last 3 weeks. I remember thinking, hmm I might try mining that, but the difficulty is over 30, it probably won't be worth mining at that high a diff. LOL

 

[Silverforce11]

Yup, for the lazy or those without enough hours in the day, switching pools are awesome. Its almost a full time job to keep track of the most profitable alt to mine.

 

[geokilla]

http://cryptojournal.blogspot.sg/2014/03/latest-sgminer-compiled-from-veox.html

SGMiner that can also do Scrypt adaptive-N!

Yup, for the lazy or those without enough hours in the day, switching pools are awesome. Its almost a full time job to keep track of the most profitable alt to mine.

What switchpool is recommended? There's so many out there and a few has been brought up today and possibly yesterday. Scryptguild just got mentioned but I'm not sure why. Of course, there's also middlecoin and clevermining which Mark brought up.

 

[IEC]

I pointed 6 MH/s at Scryptguild for comparison purposes. We'll see if it lives up to the hype...

 

[x3sphere]

ScryptGuild is awesome, I'm not sure if the payout is better than the rest but it gives you the option of holding the coins on rotation which is handy. I can opt to just keep Doge while auto selling the rest. Not sure if any of the others offer this?

The guy that runs it is also the owner of BTC Guild, one of the biggest Bitcoin mining pools.

 

[frowertr]

I'll check out ScryptGuild. I haven't heard about it till now.

 

[JBT]

ScryptGuild is awesome, I'm not sure if the payout is better than the rest but it gives you the option of holding the coins on rotation which is handy. I can opt to just keep Doge while auto selling the rest. Not sure if any of the others offer this?

https://wemineall.com Same guys we WeMineLTC does this as well.

 

[slashbinslashbash]

Welp.

I just got unceremoniously robbed by cryptorush for what little btc I got from this little mazacoin adventure. I thought I was getting out of this looking like a genius when I sold right at the cliff before it crumbled... then multiple hours after my withdrawal, still no sign of anything going through and the support dept might as well be a parody of all the bad support depts. Get on our IRC channel and get casually banned!

Oh well, it was only about 0.26btc but it still feels awkward and humiliating to have my scam cherry popped.

Interesting. Sucks that that happened to you man. Cryptorush is supposedly a legit exchange, maybe it will work out. I've done 2 quickie MZC->BTC trades on MintPal and not had any problems. I guess part of the reason I tend to sell lower than I should is that I do not have any real faith in these exchanges. I transfer in, sell for BTC as soon as they're confirmed deposited, trade quickly, usually at the ask, withdraw BTC immediately afterwards. This even goes for when I sell DOGE on Cryptsy. I know they're legit, but nobody's infallible.

 

[Virge_]

I pointed 6 MH/s at Scryptguild for comparison purposes. We'll see if it lives up to the hype...

Certainly has for me!

 

[frowertr]

What would you guys say is the average BTC/Mh you get on ScryptGuild?

 

[Virge_]

What would you guys say is the average BTC/Mh you get on ScryptGuild?

According to my trending statistics, approximately .0072-.008 BTC per 1MH/s.

 

[KingFatty]

Wafflepool and Clevermining publish their average rate of return. I trust them because of that honesty and openness - they don't have anything to hide and aren't afraid to let you know how they are doing so you can choose what's best for you. But some of the other auto switching multipools don't mention anything, so you have to just decide to mine there and hope for the best, and that they aren't trying to hide anything from you.

Clevermining avergae 24-hr earnings rates chart here:
http://www.clevermining.com/profits

Wafflepool averages here:
http://wafflepool.com/stats