Cryptocoin Mining?

[Binky]

Nice. I was upset that I missed the $49 peak but I sold a few at $48 today. Now I see a low of almost $33 in the last hour...

 

[Chiropteran]

Well that went just about as well I could have hoped. I bought 6 coins at $33 each with the $200 I got earlier today from selling 5@ $40 each, and then the "collapse" ended and we bounced back up to $43, where I am going to sell those same 6 coins back, for a nice little net of $63.

 

[HydroSqueegee]

yay for money. just wish i had more left to sell. tapped out the last of mine just now for
$43 each. may be the end of my bitcoin run.

 

[Zargon]

nice

 

[philipma1957]

coins back over 48 dollars sweet. This time I am holding. Fingers crossed.

 

[Chiropteran]

coins back over 48 dollars sweet. This time I am holding. Fingers crossed.

They were, then suddenly started dropping.

This is why:
http://www.reddit.com/r/Bitcoin/comments/1a4avz/emergency_chain_fork_dont_move_your_coins/

It's complicated. You might want to sell. Not because I think value will fall and stay low forever, but because value may drop and you can re-buy your coins on the cheap in a day or two. But there are also all kinds of issues if your attempt to sell coins is affected by the fork. Or worse, if you buy cheap coins and they get reversed when the fork is fixed. I'm just going to hold onto my assets until this thing is over.

 

[philipma1957]

They were, then suddenly started dropping.

This is why:
http://www.reddit.com/r/Bitcoin/comments/1a4avz/emergency_chain_fork_dont_move_your_coins/

It's complicated. You might want to sell. Not because I think value will fall and stay low forever, but because value may drop and you can re-buy your coins on the cheap in a day or two. But there are also all kinds of issues if your attempt to sell coins is affected by the fork. Or worse, if you buy cheap coins and they get reversed when the fork is fixed. I'm just going to hold onto my assets until this thing is over.

just finished reading why. reminds me of a programing error when I was in the US Navy date changed from 1979 to 1980 the programming genius at the time could not figure out a fix>> Basically the program could only count to 79.

We cloned a data tape bit by bit after I cracked the encryption code that it was written in. And viola the only ship in the Navy With the correct dates. I got a stripe out of the deal.

 

[ComputerGuy2006]

Started mining 2-3 days ago.



Anyway, article: http://arstechnica.com/business/201...rstechnica/index+(Ars+Technica+-+All+content)

 

[Chiropteran]

Well, that "crash" was rather insignificant really. I think it follows from what I've been saying all along- lots of current bitcoin investors went through the big crash of '11, and would *love* to pick up some cheap coins. Because of that, any new crash will be short lived and relatively shallow. Price fell to $38 very briefly but investors started buying up all the cheap coins and we bounced back to $45 very quickly.

I picked up a few at $42 myself, to resell later.

 

[philipma1957]

Well, that "crash" was rather insignificant really. I think it follows from what I've been saying all along- lots of current bitcoin investors went through the big crash of '11, and would *love* to pick up some cheap coins. Because of that, any new crash will be short lived and relatively shallow. Price fell to $38 very briefly but investors started buying up all the cheap coins and we bounced back to $45 very quickly.

I picked up a few at $42 myself, to resell later.

back near 49 bucks.

 

[kowalabearhugs]

Kindly message me if you are dismantling and selling mining rig parts. I'm looking for 1-2 58xx cards and possibly a 450-500W psu.

 

[Brekyrself]

Well, that "crash" was rather insignificant really. I think it follows from what I've been saying all along- lots of current bitcoin investors went through the big crash of '11, and would *love* to pick up some cheap coins. Because of that, any new crash will be short lived and relatively shallow. Price fell to $38 very briefly but investors started buying up all the cheap coins and we bounced back to $45 very quickly.

I picked up a few at $42 myself, to resell later.

I was waiting for price to come down hard after the problem was fixed but nooo, bitcoin may have become more resilient!

 

[ultimatebob]

It is too easy to earn light coins, bitcoin keeps rising in value. It just hit $41/bitcoin this morning.

While you Bitcoin guys were busy trying to figure out your currency forking problem, I watched my Litecoins go up in price for 8 cents a week ago to 67 cents now

 

[Zargon]

ooooooh boy 67 cents!

 

[ultimatebob]

ooooooh boy 67 cents!

Hey... I'll take a 8X return over a 50% return on my money any day

 

[Chiropteran]

While you Bitcoin guys were busy trying to figure out your currency forking problem, I watched my Litecoins go up in price for 8 cents a week ago to 67 cents now

How do you buy/sell litecoins? Is there an automated exchange that allows direct exchange of BTC for LTC? I might be willing to exchange a couple BTC for a thousand LTC just to diversify some.

Though it sounds like LTC is bubbling right now, I should wait and buy after the next crash

 

[Lazlo Panaflex]

How do you buy/sell litecoins? Is there an automated exchange that allows direct exchange of BTC for LTC? I might be willing to exchange a couple BTC for a thousand LTC just to diversify some.

Though it sounds like LTC is bubbling right now, I should wait and buy after the next crash

"Miners will initially generate 50 coins per block. In light of our faster blocks and to properly mimic Bitcoin's generation trajectory, the amount of coins generated gets halved every 840,000 blocks. Litecoin is therefore scheduled to produce roughly 4 times as many units as Bitcoin, or about 84 million litecoins."

interesting...very interesting :sneaky: (I'm curious as to how you buy/sell them as well, ultimatebob.)

 

[philipma1957]

How do you buy/sell litecoins? Is there an automated exchange that allows direct exchange of BTC for LTC? I might be willing to exchange a couple BTC for a thousand LTC just to diversify some.

Though it sounds like LTC is bubbling right now, I should wait and buy after the next crash

"Miners will initially generate 50 coins per block. In light of our faster blocks and to properly mimic Bitcoin's generation trajectory, the amount of coins generated gets halved every 840,000 blocks. Litecoin is therefore scheduled to produce roughly 4 times as many units as Bitcoin, or about 84 million litecoins."

interesting...very interesting :sneaky: (I'm curious as to how you buy/sell them as well, ultimatebob.)

i need to learn to mine them. and then exchange them to nmc or btc

 

[Deaks2]

BTC-e is a LTC exchange.

My twin 7950s are getting me about 20-25 litecoins a day.

https://bitcointalk.org/index.php?topic=117221.0;all

 

[philipma1957]

BTC-e is a LTC exchange.

My twin 7950s are getting me about 20-25 litecoins a day.

https://bitcointalk.org/index.php?topic=117221.0;all

thanks I am going to try to set up one today

 

[thilanliyan]

BTC-e is a LTC exchange.

My twin 7950s are getting me about 20-25 litecoins a day.

https://bitcointalk.org/index.php?topic=117221.0;all

Which pool and miner are you using?

 

[Deaks2]

Which pool and miner are you using?

I'm using reaper to mine, and notroll.in for my pool.

 

[thilanliyan]

I'm using reaper to mine, and notroll.in for my pool.

Thanks. I'm gonna switch over to LTC. But damnit the difficulty just went up by 50% in the last 15 mins lol.

Would you mind posting your settings for reaper?

 

[Deaks2]

Thanks. I'm gonna switch over to LTC. But damnit the difficulty just went up by 50% in the last 15 mins lol.

Would you mind posting your settings for reaper?

reaper.conf

kernel reaper.cl
save_binaries yes
enable_graceful_shutdown no
long_polling yes
platform 1

device 0
device 1

mine litecoin

litecoin.conf

host notroll.in
port 6332
user USERNAME
pass PASSWORD

protocol litecoin

worksize 256
vectors 1
aggression 18
threads_per_gpu 1
sharethreads 32
lookup_gap 2
gpu_thread_concurrency 21712

 

[thilanliyan]

Thanks for the info. What is your CPU usage like? At Aggression 18 I can barely do anything else.

Should clarify, my CPU usage is only about 10% but the system is very unresponsive at higher aggression levels.

EDIT: Hmm...I'm using Reaper to mine with the 6950 and all is well with that...no unresponsive system.