Cryptocoin Mining?

[KingFatty]

Damn. Think I'll just get a used 6950 on ebay for $150. Tinkering around with overclocking it have the GPU clock up to 920 yields a 452 kh/s but it does get up to 85 C.

AT current prices, that hashrate will take about 3 months just to break even on your $150, assuming your electricity is free. If you pay for electricity, it might take a bit longer than 3 months. Assuming prices on scrypt-based coins don't continue to further drop lower.

 

[Brekyrself]

All this talk about GPU's, what is everyone mining with their CPU's? Memory Coin? Protoshares?

 

[IEC]

Any results?

1st day was roughly equivalent to straight DOGE mining.
2nd day has been about 50% better than straight DOGE mining.

Too early to draw conclusions. Other than the fact I like the interface and being able to set reserves of coins to keep/auto payout to local wallets. Such as LTC.

 

[T_Yamamoto]

All this talk about GPU's, what is everyone mining with their CPU's? Memory Coin? Protoshares?

I have it either mining fastcoin, starcoin, or on ScryptGuild

 

[nwo]

All this talk about GPU's, what is everyone mining with their CPU's? Memory Coin? Protoshares?

I'm still mining Primecoin on all my CPUs... I tried mining protoshares for about a wekk on my best CPU (i7 4770k) and it didn't really live up to the hype. Primecoin setup is just too simple and painless, auto payouts, no pools or interfaces to deal with... Just fire, forget, and receive payments every couple of days.

 

[T_Yamamoto]

When I do mine something that uses Scrypt-N, I make sure not to mine on the CPU since it lowers the khs (enough to make a difference, compared to Scrypt when I only lose 10-30 khs)

 

[geokilla]

Just joined Scryptguild and I got a question. If I have a Coin Reserve Setting set for X coins, then it'll hold the coins until that minimum is met, thus saving me of the conversion fees correct?

 

[Attic]

Just joined Scryptguild and I got a question. If I have a Coin Reserve Setting set for X coins, then it'll hold the coins until that minimum is met, thus saving me of the conversion fees correct?

Yes, though when the minimum is hit, it'll convert and charge the fee.

The fee is unavoidable and unable to be mitigated if scryptguild converts automatically or eventually (through minimum settings) your coins to BTC.

5% of 10 is the same as 5% of 1 ten times.

 

[geokilla]

Yes, though when the minimum is hit, it'll convert and charge the fee.

The fee is unavoidable and unable to be mitigated if scryptguild converts automatically or eventually (through minimum settings) your coins to BTC.

5% of 10 is the same as 5% of 1 ten times.

True. I forgot about that... Wtf is wrong with my mind lately.

Edit: How do I check what coin it is currently mining? I see it says "Automatic Coin: WDC" but my account balance doesn't have any WDC at all. Instead, there's MOON, LTC, DOGE, DGC, and LOT.

 

[Attic]

True. I forgot about that... Wtf is wrong with my mind lately.

Edit: How do I check what coin it is currently mining? I see it says "Automatic Coin: WDC" but my account balance doesn't have any WDC at all. Instead, there's MOON, LTC, DOGE, DGC, and LOT.

PPLNS statistics gives more color on how much coing you got from each shift. There's some lag between currently minded coin and when it'll hit your balance sheet, but it shouldn't be more than an hour or two.

 

[Brekyrself]

I'm still mining Primecoin on all my CPUs... I tried mining protoshares for about a wekk on my best CPU (i7 4770k) and it didn't really live up to the hype. Primecoin setup is just too simple and painless, auto payouts, no pools or interfaces to deal with... Just fire, forget, and receive payments every couple of days.

Thanks for the feedback. May I ask what hype did Protoshares not live up to? The snapshot has been taken for BitShares however according to Invictus, future products they launch will always honor Protoshares.

Seems like holding PTS long term is the best option compared with some scrypt coins where we need to dump at the right time?

 

[IEC]

Thanks for the feedback. May I ask what hype did Protoshares not live up to? The snapshot has been taken for BitShares however according to Invictus, future products they launch will always honor Protoshares.

Seems like holding PTS long term is the best option compared with some scrypt coins where we need to dump at the right time?

We will see whether PTS/Bitshares-X is a good buy and hold eventually. I'm of the opinion that it is equally if not more likely that we all end up being bagholders.

Which is why I only used a few days' worth of mining proceeds to buy ~25 PTS. Whenever I can redeem them for all the other Invictus products in the pipeline I'll do it to get my stake and then let it sit.

I did the same with Mintcoin, though with how that turned out I ended up cutting my losses. So I ended up losing about three days worth of mining there. You win some, you lose many if you take the shotgun approach to "investing" BTC.

 

[nwo]

Thanks for the feedback. May I ask what hype did Protoshares not live up to? The snapshot has been taken for BitShares however according to Invictus, future products they launch will always honor Protoshares.

It's just a lot of work to get it going and after you get it going it's not really that much more advantageous than other CPU cryptos such as primecoin.

In the week of mining PTS on my 4770k, I earned about 0.33 PTS.... Mining Primecoin, I would probably be at about 2-3 XPM which gives me much higher profit. Considering 1 PTS is selling for about 3x more than 1 XPM/BTC, I would say that even with XPM/BTC value going down, it is still more profitable to mine.

0.00930 PTS/BTC
0.003 XPM/BTC

 

[geokilla]

So this is interesting. Lowering my memory clock from 1500 to 1250 gave me a 8Kh/s increase. Don't know why but I'll take it!

 

[playah]

I've been cpu mining memory coin for about a month, about 12 coins a day, but was thinking might try NoirShares.

 

[nwo]

So this is interesting. Lowering my memory clock from 1500 to 1250 gave me a 8Kh/s increase. Don't know why but I'll take it!

Usually with lower clocks come lower latency timings which seem to benefit mining more than higher clock speed. Not always the case and it can be VBIOS dependent but generally it is true.

 

[Spike]

Well, 2 months in and LTC mining, while profitable, sucks compared to the hey day of bitcoin With the difficulty increase I'm earning ~ .01 LTC per hour between my 7970 and 6970 pc's. I have another PC with a 5870 that I might harness but power costs have been taking a big bite out of profits, on the order of about 40%.

I really need to plug in a kill-a-watt because I'm having a hard time figuring out how much power I'm actually using so I'm guessing at 300 watts per card. That comes out to ((300 * 2 * 24 * 30)/1000) * $.11 to get $47.52 a month. I'm earning ~ 7.2 coins a month or $115 at $16, though this is all at current difficulty.

Ugh, at some point it's not going to be worth the way too hot office at home and the decreased card life. Any suggestions on increasing profits? My miners are reading:

7970: 670 kh/s
6970: 470 kh/s

 

[Silverforce11]

Spike, mining LTC hasn't been worthwhile for the past 3 months. There have always been a better altcoin thats more profitable, even if you are slack or dont have time, a auto-switch pool that mines the best coin and gives you BTC would have earnt you more.

Even if your objective was to get as many LTC as possible, you would have made more getting the BTC and buying LTC with it.

I don't understand the desire to stick with mining LTC when there's just so many other options that yield better.

 

[Spike]

Spike, mining LTC hasn't been worthwhile for the past 3 months. There have always been a better altcoin thats more profitable, even if you are slack or dont have time, a auto-switch pool that mines the best coin and gives you BTC would have earnt you more.

Even if your objective was to get as many LTC as possible, you would have made more getting the BTC and buying LTC with it.

I don't understand the desire to stick with mining LTC when there's just so many other options that yield better.

I guess I should specify, I'm mining with LTCrabbit which, in theory, jumps around coin types to maximize profits. I have no idea if it does that or not, it's just what it claims.

Do you have a better pool in mind that would yield greater returns?

 

[geokilla]

Ugh, at some point it's not going to be worth the way too hot office at home and the decreased card life. Any suggestions on increasing profits? My miners are reading:

7970: 670 kh/s

Try looking for a modded vBIOS done by The Stilt for your 7970. 670Kh/s is low in today's standards. My 7950 at 1055/1250 gets 650Kh/s. It should easily be in the 700Kh/s range. Maybe even 800 I think?

I guess I should specify, I'm mining with LTCrabbit which, in theory, jumps around coin types to maximize profits. I have no idea if it does that or not, it's just what it claims.

Do you have a better pool in mind that would yield greater returns?

So you're on a switchpool that converts coins to LTC. Try Scryptguild? One day so far and I've earned 0.0035 BTC according to the dashboard. Though I seem to have made less on Scryptguild than I normally do finding my own coins to mine.. I guess the tanking satoshis of DOGE doesn't help.

 

[IEC]

Profitability of *everything* has taken a nosedive recently. I predict falling prices for video cards soon if this downtrend continues...

 

[SimianR]

I kind of feel like this whole GPU availability/gouging has gotten so ridiculous that maybe a reset is in order. Some falling crypto prices might be healthy for awhile.

 

[TheGoat Eater]

I would definitely recommend the MSI 750Ti GAMING for anyone wanting to mine with Nvidia... I have mine at 99-100 percent load and with the fan at 100% (quieter than the ambient noise in my office from a couple feet away - not cased) they are at 42C and stay there. I plan to get maybe a dozen more of these since they are great performers and are so quiet and cool. I am looking into modding the bios and the cards for increased performance over stock limits

 

[slashbinslashbash]

Thinking about adding an NVIDIA card or two. Is it possible to run both ATI and NVIDIA cards in the same motherboard? If so, I assume that it is possible to mine with both of them at once, although it might require separate instances of cudaminer/cgminer?

 

[frowertr]

Cryptos are down and summer is coming. I'm looking forward to the falling diff across the board as the miners with one or two card rigs decide it isn't worth it any longer and quit.