Cryptocoin Mining?

[thilanliyan]

what pool are you trying?.. I'm on trademybit... i'm running it on three systems and they all stop at the same time. I'm thinking that it might be the pool.... or it's a conspiracy of the three systems against me.

I'm on Nicehash. The miner starts off fine on any one of the algorithms but then crashes when trying to switch to another one.

EDIT: Seems to be fine now once I switched to 2 GPU-THREADS.

 

[dajeepster]

I'm on Nicehash. The miner starts off fine on any one of the algorithms but then crashes when trying to switch to another one.

EDIT: Seems to be fine now once I switched to 2 GPU-THREADS.

what algorithms are you hashing?... i was only doing x11,x13,x15

 

[dajeepster]

I'm on Nicehash. The miner starts off fine on any one of the algorithms but then crashes when trying to switch to another one.

EDIT: Seems to be fine now once I switched to 2 GPU-THREADS.

I'm testing out a version dated 07022014 from the bitcoin forums

 

[dajeepster]

I'm testing out a version dated 07022014 from the bitcoin forums

here's a link
https://www.dropbox.com/s/8f3bhji2rv7k5dr/sgminer5_2014-07-02.zip

it's been pretty solid so far.. better thank 06302014

 

[thilanliyan]

what algorithms are you hashing?... i was only doing x11,x13,x15

I am also doing those 3. Crashing seems to be sorted once I changed gpu-threads to "2".

here's a link
https://www.dropbox.com/s/8f3bhji2rv7k5dr/sgminer5_2014-07-02.zip

it's been pretty solid so far.. better thank 06302014

Is the speed faster? Less rejects?

And you're sure that version is okay? No hidden miners or anything?

 

[dajeepster]

I am also doing those 3. Crashing seems to be sorted once I changed gpu-threads to "2".



Is the speed faster? Less rejects?

And you're sure that version is okay? No hidden miners or anything?

the speed and rejection % seem to be the same with the 06302014 file.

It's way more stable than the 06302014 also. I've been running it on 6 systems now for five hours without even a hiccup. and it's been switching back and forth with the algorithms.
it even runs on a system that would reboot every 5 minutes with the older sgminer... 5 solid hours.
it's rock solid.

it's build off of the sgminer 4.2.2 version also. there hasn't been anything about hidden miners or anything either.

i got if from the bitcoin talk thread
https://bitcointalk.org/index.php?topic=632503.msg7684792#msg7684792

 

[thilanliyan]

the speed and rejection % seem to be the same with the 06302014 file.

Tried it on a 290 and it is about 200kh/s slower on X11 for me unfortunately.

 

[dajeepster]

Tried it on a 290 and it is about 200kh/s slower on X11 for me unfortunately.

my speeds have stayed the same for my 290. Both builds are off of sgminer 4.2.2. maybe it's the pools. my speeds have been pretty consistent for trademybit. i'll try nicehash later and see how they compare.

 

[thilanliyan]

my speeds have stayed the same for my 290. Both builds are off of sgminer 4.2.2. maybe it's the pools. my speeds have been pretty consistent for trademybit. i'll try nicehash later and see how they compare.

I'm trying this build:
https://bitcointalk.org/index.php?topic=632503.msg7702284#msg7702284

And the WU is higher and reject rate seems to be a bit lower, although the hash rate is lower.

Edit: NM. Rejects end up being about the same, and WU ends up lower.

 

[dualsmp]

I wrote an scrypt kernel that is over 10% faster on gcn http://sterlingdesktops.com/pub/lsoc/
Funny thing is it's way too little way too late and nobody cares :/

How do I use this? I'm a GUI miner scrypt alpha kinda guy. :\

 

[SimianR]

This pool has been pretty decent for me as of late in terms of profitability.

http://x11.greenpool.tk/

Wafflepool on X13 is also pretty good at the moment.

 

[thilanliyan]

Anyone getting high rejects on a 290(X) using Nicehash multialgo?
I'm getting about 5% rejects.

My 7950s are going fine at less than 1%...

 

[dajeepster]

How do I use this? I'm a GUI miner scrypt alpha kinda guy. :\

you should try cgwatcher.

 

[Soulkeeper]

How do I use this? I'm a GUI miner scrypt alpha kinda guy. :\

I've never used GUI miner, but assuming kernels are compatible between it and cg/bfg/sgminer then you shouldn't have a problem. With sgminer it's just a matter of putting the file in the kernel dir and either editing the config file or running sgminer -k lsoc

 

[Chiropteran]

Dell now accepts bitcoin as a form of payment.

Anyone still mining anything? My ASIC barely covering cost of electricity currently, but I'll keep them plugged in a little longer.

 

[thilanliyan]

Dell now accepts bitcoin as a form of payment.

Anyone still mining anything? My ASIC barely covering cost of electricity currently, but I'll keep them plugged in a little longer.

I'm mining on Nicehash but only the X coins and Nist5, the low power ones. Doing just those I am still making a profit but not a ton.

 

[Attic]

Dell now accepts bitcoin as a form of payment.

Anyone still mining anything? My ASIC barely covering cost of electricity currently, but I'll keep them plugged in a little longer.

Bitcoin price looks a bit more stable over the past few weeks. Wish I had cheaper power, but I got double KO'd by my power company raising rates to 37c kWh with delivery charges and also changing baseline to achieve that rate at basically anything over house necessities.

Impressed with x11 still.

When Amazon announces BTC support I think we'll see run to 1000+ for BTC.

 

[dajeepster]

When Amazon announces BTC support

+1

 

[SunnyD]

Figured I'd come back since I've been out for a while and chip in my two cents.

Why not have a well-known member here start an honest alt coin? something with no pre-hays, that intentionally hard-forks whenever ASICs are developed, which runs low-power, and which doesn't reward those who start out on it with nearly all the value?

SunnyD or ultimatebob would be fine (and i'm sure others).

Yeah, no. There's no such thing as an "honest" alt coin. Anything not named bitcoin or litecoin is, for all intents a scam. There are a couple others that could be technically called technical proof of concepts (vertcoin, etc), but they bring nothing to the table and are meaningless in the grand scheme if things.

Basically, if it's not called bitcoin, it's not worth crap. You're welcome to argue the merits of this, but face it... what are you doing with all of these altcoins anyway? You're converting them to bitcoin or USD. Like I said, it's bitcoin or nothing.

And I do apologize for disappearing. I did pull out of the mining ops, and for that matter the pool hosting (for obvious reasons) because of scam after scam. I have too many other obligations with my time and frankly when a "hobby" begins taking more time than my full time job it's time to walk away.

Dell now accepts bitcoin as a form of payment.

Anyone still mining anything? My ASIC barely covering cost of electricity currently, but I'll keep them plugged in a little longer.

That's interesting news. But it's not really game changing at this point.

Bitcoin price looks a bit more stable over the past few weeks. Wish I had cheaper power, but I got double KO'd by my power company raising rates to 37c kWh with delivery charges and also changing baseline to achieve that rate at basically anything over house necessities.

Impressed with x11 still.

When Amazon announces BTC support I think we'll see run to 1000+ for BTC.

Amazon accepting bitcoin at this stage in the game is meaningless. Bitcoin has already had its price fluctuations from vendor announcements. It may go up a few dollars if an Amazon takes it up, but it's not a big deal anymore. "People" can't mine bitcoin, only one or two big players. That means bitcoin is no more accessible to you and me than the dollar is, and people know this now. There's not really any reason for any sort of volatility based on any vendor taking up the currency because of it.

In fact, the looming financial regulations that are going to be slapped on bitcoin are probably going to do far more than any Amazon or even Walmart could for the currency at this point.

 

[BD2003]

I think there's still two game changing events on the horizon.

One of them is bitcoin reaching a critical mass, a tipping point, where average joe is finally aware of its existence as more than a scam and/or get rich quick scheme. It hasnt taken the world by storm yet....but it hasnt lost ground either.

The other is the inevitable crash of everything thats not bitcoin. Im not sure whether thats going to drag btc down or prop it up....but the party isnt going to last forever. It was fun while it lasted though! Ill be surprised if all these other coins are around a year from now.

I dunno, maybe....just maybe there's a chance that the consolidation of bitcoin mining eventually presents such a problem that one or two of these ASIC resistant coins stick around. There's scrypt ASICs now, right? Are any of these other algos *really* ASIC resistant long term?

 

[Chiropteran]

That means bitcoin is no more accessible to you and me than the dollar is, and people know this now. There's not really any reason for any sort of volatility based on any vendor taking up the currency because of it.

In fact, the looming financial regulations that are going to be slapped on bitcoin are probably going to do far more than any Amazon or even Walmart could for the currency at this point.

Mining bitcoin isn't supposed to be the only reason people like it or use it.

It has several useful properties, disregarding mining.

-the only "inflation" is the known production of bitcoin through mining, which should occur at a predictible rate. This removes the possibility of the usual kinds of hyperinflation, caused by governments printing absurd amounts of paper money

-despite all the stolen wallets and such, it does have several advantages in the safety and convenience arena. You can easily buy online with bitcoin, and it doesn't give the vendor or anyone else your credit card numbers. You just need a name and shipping address and you pay, it's incredibly easy and a nice refreshing change from the usual, and you don't have to trust the vendor with your financial information

-very easy way to sent small or large payments for any reason. sending money to kid at college, sending a small tip to someone, paying back your buddy who got lunch for you, etc. paypal can do these things, but at a much higher fee generally.




I think it's actually really good that bitcoin has been so stable lately. Historically, all the big run-ups in value occurred after a period of stability. Past actions don't guarantee future results, and other usual disclaimers apply, but I remain hopeful.

Value of bitcoin will continue to go up as usage spreads, it's simple math- the more people using bitcoin means supply is relatively lower and demand is higher which pushes value up.

Quote me on this 5 years from now- there will be a day in the future when people look back and *wish* they bought those cheap bitcoins for only $1000 each.

 

[SunnyD]

Mining bitcoin isn't supposed to be the only reason people like it or use it.

It has several useful properties, disregarding mining.

Problem is for the average Joe, they're not going to disregard mining.

There's two ways to look at bitcoin... #1 is your way, or #2 is the rest of the ignorant world's way. For every one of you, there are thousands of #2's. The only way you're going to convince them that there's anything more than "Well, why can't I do that with the money I already have?" is mining. As in "Look, you plug this box in and it spits out money."

Bitcoin (or any altcoin for that matter) will never supplant common currencies for the average person, and you won't be able to convince the majority of them that a bitcoin is any more useful, meaningful or better in any way than a dollar bill. People are just too stupid to make use of it the way it's intended to be made use of. It will forever be linked to being something to print your own money with and with a high barrier to entry at this point. Anything else is just a ripple in the pond.

 

[KingFatty]

When companies start advertising a 2% discount for payment in bitcoin, people will be interested in paying with bitcoin.

But as it is now, I'd rather pay using my credit card to earn a 1% cashback, instead of paying via bitcoin and getting 0% cashback.

Vendors don't have to pay the steep credit card processing fees, but instead have to pay a smaller fee to coinbase. Why can't they pass the savings on to me, the consumer? Seems unfair and dumb to lose that opportunity to let everyone win.

Or you could have:
Credit card: vendor pays 3% fee to visa, visa hands 1% back to me, and Visa keeps 2%.
Bitcoin: vendor pays 1% fee to coinbase, vendor hands 1% discount to me, and vendor keeps the other 1%.

The math works out better for the vendor using bitcoin.

 

[Chiropteran]

http://www.newegg.com/bitcoin

Save 10% on EVERYTHING at newegg.com by paying with bitcoin, up to a max of $100 savings.


I agree that it will help when more vendors do the same, but some are already on board with passing the savings along!

 

[BD2003]

When companies start advertising a 2% discount for payment in bitcoin, people will be interested in paying with bitcoin.

But as it is now, I'd rather pay using my credit card to earn a 1% cashback, instead of paying via bitcoin and getting 0% cashback.

Vendors don't have to pay the steep credit card processing fees, but instead have to pay a smaller fee to coinbase. Why can't they pass the savings on to me, the consumer? Seems unfair and dumb to lose that opportunity to let everyone win.

Or you could have:
Credit card: vendor pays 3% fee to visa, visa hands 1% back to me, and Visa keeps 2%.
Bitcoin: vendor pays 1% fee to coinbase, vendor hands 1% discount to me, and vendor keeps the other 1%.

The math works out better for the vendor using bitcoin.

Yep...and when online retail is already operating with razor thin margins, 1% is HUGE.