Cryptocoin Mining?

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rtsurfer

Senior member
Oct 14, 2013
733
15
76
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.

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

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

I remeber you posting this same thing last time too.

I am on my phone & in commute or I would post a screen cap where the owner of the pool has posted on the one of the page in user CP that he is working on those things with a tentative date those things will be implemented.
 

philipma1957

Golden Member
Jan 8, 2012
1,714
0
76
Has anyone tried the grid seed five chip units. they are pretty good I have 2 of them. There is a seller that has then for 235 each if you mine ltc only they run at about 10 watts for 365 kh so 2 of them = 1 hd7970 ..
 

Bubbleawsome

Diamond Member
Apr 14, 2013
4,834
1,204
146
I must be an idiot. I can't figure out what I would put in my .bat for scryptguild.
Still going to try that other pool back a page though. Haven't been home.
 

IEC

Elite Member
Super Moderator
Jun 10, 2004
14,568
5,963
136
Lol. Ars posted a story saying "Satoshi Nakamoto" the forum user is denying that he is Dorian Nakamoto.

Media is absolutely hounding Dorian.
 
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Attic

Diamond Member
Jan 9, 2010
4,282
2
76
wafflepool has accurate stats for hashrate and legit WU rate (.90-.92) as reported by cgminer.

clevermining has massive rejects so their reported rate of btc to mh is way off from actual hashing speed.

I've had steady if low results from wafflepool. Scrypt coins have taken a massive dump vs a few weeks ago. 33% loss of hash to btc easy.
 

rtsurfer

Senior member
Oct 14, 2013
733
15
76
I have no idea how to use CUDAminer with a switching pool site. I don't even know if that's how I do it. I just figured out how to set up the .bat for coinotron, and now this one didn't even have a passoword.

Here is my Cudaminer config for my 780

Code:
cudaminer -H 2 -i 0 -l auto -C 1 -T 15x24 -o stratum+tcp://stratum.scryptguild.com:3333 -u scryptguildusername -p randompassword

Might need to change the - T to suit the 770, I am not sure.
 

wand3r3r

Diamond Member
May 16, 2008
3,180
0
0
If gox claims 99% of their coins were stolen, and declared bankruptcy, how could they still have 180,000 BTC?

Did you guys see the daily tech blog about the owner and his history? Apparently he's had a number of incidents with the law and been fired several times with some dubious theft etc accusations. I'm surprised this wasn't uncovered earlier.
http://www.dailytech.com/Bitcoin+Ki...s+History+of+Arrests+Firings/article34442.htm
 

x3sphere

Senior member
Jul 22, 2009
722
24
81
www.exophase.com
If gox claims 99% of their coins were stolen, and declared bankruptcy, how could they still have 180,000 BTC?

Did you guys see the daily tech blog about the owner and his history? Apparently he's had a number of incidents with the law and been fired several times with some dubious theft etc accusations. I'm surprised this wasn't uncovered earlier.
http://www.dailytech.com/Bitcoin+Ki...s+History+of+Arrests+Firings/article34442.htm

That's a good question, I have no idea... but the source of these funds link back to an address Mark Karpeles used back in 2011, which he posted on IRC to prove he was in control of a wallet with 424242 BTC at the time.

Did they actually say 99% of the BTC was lost? I remember Mark saying the coins were temporarily unavailable or something. Sounded like BS to me, but maybe there is truth to it after all. I guess we'll find out more soon. If it's theft related, well... I doubt anyone is cashing out this many coins without getting some serious heat.
 
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pandemonium

Golden Member
Mar 17, 2011
1,777
76
91
Are you guys reading the awfulness that is Newsweek revealing the real Satoshi and how he's overwhelmed with attention that he intentionally did not want?

Oh well, I guess he needs to sell his 1 million BTC he had stashed, according to the blockchain following the genesis blocks. He may as well make himself satisfied in some way in all of this, lol.

Edit: What a giant mess. His words were taken out of context (no surprise there coming from media to gain attention):

“I’m saying I’m no longer in engineering. That’s it. And even if I was, when we get hired, you have to sign this document, contract saying you will not reveal anything we divulge during and after employment. So that’s what I implied.”
 
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wand3r3r

Diamond Member
May 16, 2008
3,180
0
0
That's a good question, I have no idea... but the source of these funds link back to an address Mark Karpeles used back in 2011, which he posted on IRC to prove he was in control of a wallet with 424242 BTC at the time.

Did they actually say 99% of the BTC was lost? I remember Mark saying the coins were temporarily unavailable or something. Sounded like BS to me, but maybe there is truth to it after all. I guess we'll find out more soon. If it's theft related, well... I doubt anyone is cashing out this many coins without getting some serious heat.

http://www.dailytech.com/Mt+Gox+Bit...ws+in+Apology+for+Bankruptcy/article34424.htm

According to daily tech, gox claims 99% of their customers coins were lost but interestingly just 100,000 of their own coins were lost.
 

pandemonium

Golden Member
Mar 17, 2011
1,777
76
91
Karpeles is a shady and untrustworthy character, and also a narcissistic d-bag. I hope he goes to prison for a very long time and becomes the new currency.
 

hondaf17

Senior member
Sep 25, 2005
757
6
81
Hey guys. Appreciate some insight:

I am currently just mining days and evenings (work/sleeping) with my gaming PC (single 6950). Very small time. Just got into it a few months ago. However, being a tech guy, I'm fascinated by this process. I also think it could be a fun hobby. So, I've been looking to expand, for 2 reasons:

1) hopefully make money
2) learning/enjoyment

A guy on my local craigslist has the following for sale:

- Motherboard: MSI 970 (2 x 16 PCI-E, 2 x 1 PCI-E)
- CPU: AMD Samperon 145
- RAM: Crucial 4GB DDR3
- PSU: EVGA 750w (80+ Gold Certification, ave 89% efficiency)
- GPU: 2 x Sapphire Radeon R9 280x
- OS: SMOS Linux bootable from Usb
- CASE: Open air plastic milk crate

He says the cards are two weeks old and everything is running great. He gets 1420 kh/s with about 500w power consumption. They are running at 1.161 volts each. The rig is running SMOS Linux from a bootable USB stick (included) and doesn't require keyboard, mouse, monitor, assuming you can start it up and SH (shell) into it (I don't know how to do that but he said he'd help set it up).

He is asking $1500. It looks like the cards go for $350 each on ebay.

What would be a fair price for this setup?

How many BTC per day would I get at 1420 kh/s? My electricity cost is $.075.

I appreciate insight/suggestions!
 

SunnyD

Belgian Waffler
Jan 2, 2001
32,674
146
106
www.neftastic.com
Well guys, I f'd up. I did an upgrade on the auroracoin pool last night and in the process it looks like I ended up losing all the submitted shares from prior to the upgrade. The shares posted right now are from my account from testing after finishing the upgrade ironically to check that I didn't break anything. I'll check to see if I can restore from a backup, but that may not be possible.

The "good" news is I doubt anybody will ever use the pool anyway, so unless the difficulty magically drops to ridiculously low levels, the odds of finding a block and being credited in the near future are slim to none anyway.

 

Kenmitch

Diamond Member
Oct 10, 1999
8,505
2,250
136
Well guys, I f'd up. I did an upgrade on the auroracoin pool last night and in the process it looks like I ended up losing all the submitted shares from prior to the upgrade. The shares posted right now are from my account from testing after finishing the upgrade ironically to check that I didn't break anything. I'll check to see if I can restore from a backup, but that may not be possible.

The "good" news is I doubt anybody will ever use the pool anyway, so unless the difficulty magically drops to ridiculously low levels, the odds of finding a block and being credited in the near future are slim to none anyway.


What! Think I had about 250k worthless shares....Guessing they'll just stay worthless.
 

SunnyD

Belgian Waffler
Jan 2, 2001
32,674
146
106
www.neftastic.com
What! Think I had about 250k worthless shares....Guessing they'll just stay worthless.

Yup. One of the things I did was an update to the database. If it's one thing I hate about MPOS it's that EVERYTHING is manual. I may be a dev, but I don't work with SQL a lot, and the method for updating the database tables in MPOS is a bit weird.

In fact I still have occasional problems with the KDC pool after doing an upgrade a few weeks ago with some of the cron jobs getting stuck because of a database issue if something hiccups in the database. Thankfully I don't lose anything when that happens, it's just annoying and I have to go in and manually fix a couple rows in one of the tables and rerun the crons.

Anyway, as I said, I'll try to see if I can restore from a backup and go from there.
 

IEC

Elite Member
Super Moderator
Jun 10, 2004
14,568
5,963
136
I pointed 6 MH/s at Scryptguild for comparison purposes. We'll see if it lives up to the hype...

Well it has been 14 hours @ 6 MH/s. So far I have a balance of 0.012 BTC + 9000 DOGE, for a total value of approximately .024 BTC.

.024 BTC * 24 hours/day/14 hours = .0411 BTC/day / 6 MH = 0.00685 BTC/MH day.

So pretty lousy so far.

Edit: Using Coinwarz 24 hour average for how much DOGE I could have mined in the same time with 6 MH (27000+ DOGE) and the current exchange rate of 147 satoshis, DOGE would be about 0.04 BTC per day. So I suppose I came out ever so slightly ahead of the benchmark.
 
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frowertr

Golden Member
Apr 17, 2010
1,372
41
91
It will give you good practice with restoring from backups, Sunny. None of us probably practice that enough.
 

IEC

Elite Member
Super Moderator
Jun 10, 2004
14,568
5,963
136
Hey guys. Appreciate some insight:

I am currently just mining days and evenings (work/sleeping) with my gaming PC (single 6950). Very small time. Just got into it a few months ago. However, being a tech guy, I'm fascinated by this process. I also think it could be a fun hobby. So, I've been looking to expand, for 2 reasons:

1) hopefully make money
2) learning/enjoyment

A guy on my local craigslist has the following for sale:

- Motherboard: MSI 970 (2 x 16 PCI-E, 2 x 1 PCI-E)
- CPU: AMD Samperon 145
- RAM: Crucial 4GB DDR3
- PSU: EVGA 750w (80+ Gold Certification, ave 89% efficiency)
- GPU: 2 x Sapphire Radeon R9 280x
- OS: SMOS Linux bootable from Usb
- CASE: Open air plastic milk crate

He says the cards are two weeks old and everything is running great. He gets 1420 kh/s with about 500w power consumption. They are running at 1.161 volts each. The rig is running SMOS Linux from a bootable USB stick (included) and doesn't require keyboard, mouse, monitor, assuming you can start it up and SH (shell) into it (I don't know how to do that but he said he'd help set it up).

He is asking $1500. It looks like the cards go for $350 each on ebay.

What would be a fair price for this setup?

How many BTC per day would I get at 1420 kh/s? My electricity cost is $.075.

I appreciate insight/suggestions!

You'd get *maybe* $5/day after power costs at present rates (Doge/LTC are reliable indicators of BTC/day, unlike the coin of the minute/hour). Even assuming profitability does not decline (a bad assumption with how many 10,000s of GPUs and ASICs are coming online daily), difficulty of coins will increase, reducing profits.
http://www.coinwarz.com/cryptocurre...sha256Check=false&scryptCheck=true&e=Coinbase

At $1500 it would take you until 2015 to *maybe* break even. And you're more likely than not to lose money on the venture.

While the guy selling would be laughing all the way to the bank after selling all his USED hardware for a 50% markup of what he paid for it.
 
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