Cryptocoin Mining?

[Kallogan]

It's a trap

 

[Z15CAM]

I take most members in this thread have some experience with Bitcoin Mining. I'm considering of giving it a go as a 1st timer. My question is what advantages has Bitcoin Mining have over Litecoin Mining? Seems to me Litecoin has a chance going up in value but as they say: "There can only be ONE".

 

[thilanliyan]

Difficulty on BTC is just too high for GPU mining now, especially if you actually pay for electricity. Stick with LTC mining.

 

[Z15CAM]

What's LTC about 1/4 the value of BTC now but you can acquire coins faster and you can sell them for Bitcoins - Something like that?

 

[pandemonium]

Value: http://coinmarketcap.com/

Difficulty/reward: http://www.litecoinminingcalculator...&diff=2218.89256388&cdiff=2218.89256388&fee=0

 

[MTDEW]

BTC-E is also good for tracking latest values.

How to get started mining LTC.
1: Download/install latest AMD drivers for your GPU's.(i'm using 13.11 beta 9.2's right now) AMD DRIVERS DOWNLOAD
2: Download/install the latest AMD SDK for your OS. AMD SDK DOWNLOAD
3 Download/install CGminer 3.7.2
4: Join a pool....most pools will have an auto configuration tool for your cgminer mine.bat file to help get you started. (not to mention doing a google search for mine.bat settings will get you more than enough tips on settings for your GPU's)
I'm with Litecoinpool.org which is a PPS pool.....but that by no means is a statement that they are the best....I joined what friends suggested and am very happy with its user interface and easy to follow charts to track my kH/s / 24hr kH/s speeds and stale share %, mine.bat auto config tool... etc..etc...
You can check out the Mining Pool Comparison Wiki and choose what suits you or whatever pools others suggest.

 

[taq8ojh]

How to get started mining LTC.

2: Download/install the latest AMD SDK for your OS. AMD SDK DOWNLOAD

You don't need that at all. I don't know why all those guides out there say so. Probably from ages ago when drivers were different, I don't know.

 

[MTDEW]

You don't need that at all. I don't know why all those guides out there say so. Probably from ages ago when drivers were different, I don't know.

So i installed that on my rigs for nothing?
You are correct that i followed a guide to get started...who doesn't? LOL
Thanks for the heads up. :thumbsup:

 

[taq8ojh]

I originally installed it as well, only to eventually find out that SDK doesn't do anything.

 

[Freaksterz]

I used beta v9.5 and got abyssmal results, Down to 595KH/s on a 280x.
Going back to v9.4 and I went back up to 750KH/s

 

[MTDEW]

I used beta v9.5 and got abyssmal results, Down to 595KH/s on a 280x.
Going back to v9.4 and I went back up to 750KH/s

750kh/s is impressive , i wonder if those drivers will improve my 7950's....I'm averaging around 630-720kH/s now.(variable difficulty with 19 intensity)
I've just been too lazy to stop my miners to update the drivers..... I need all the coins i can get, especially after this recent crash and difficulty spike....LOL

 

[zhuks]

Just an update. It seems that if you are running water cooling on a 290 or 290x with cgminer you will have a problem with your screen being blank. I believe it is related to it not being able to read fan speed. The fix to that is have it quit reading your card info. Add --no-adl to the end of your file.

So far I have managed to get 884kh/s avg. Below are the setting. I think there is still room for improvement, but so far so good.

--gpu-engine 927 --gpu-memclock 1500 --thread-concurrency 32760 -I 20 -g 1 --worksize 512 --lookup-gap 2 --gpu-powertune 50 --no-adl

 

[taq8ojh]

Worksize has maximum value of 256.

 

[BallaTheFeared]

I bumped my 7950s up to 44288 thread concurrency, seem to be getting less stalls 1082 accepted 27 stalls currently.

Skyrockets the memory usage, from like 1400MB with 21xxx to 2774MB

I'm actually getting 644 kh/s with only 1100/1500 using 44288.

Afraid I won't have much longer to dink, already pending on my 6+6 card. I was pulling almost 750 on my 8+6 because of the Hynix memory.

 

[blackened23]

Bitcoins in free fall downward yet again, here we go:

China questions Bitcoin legal status, states that bitcoins are not usable as currency in China:

http://www.dailymail.co.uk/news/art...cy-dropping-China-questions-legal-status.html

Bitcoin prices directly impact litecoin prices, yeah?

 

[ultimatebob]

Bitcoins in free fall downward yet again, here we go:

China questions Bitcoin legal status, states that bitcoins are not usable as currency in China:

http://www.dailymail.co.uk/news/art...cy-dropping-China-questions-legal-status.html

Bitcoin prices directly impact litecoin prices, yeah?

Not directly, but a lot of Litecoin miners trade them for Bitcoin. It looks like Litecoin is currently down to $27 from a high of $42 (ish)

 

[dfuze]

Thanks for the tips & links. So far by switching to cgminer-3.7.2 it is now hitting 200. While still about 50 faster than before it's still about 50 from where it should probably be.

Also noticed how much more useable my PC is while it's running vs the GUIminer program.

 

[taq8ojh]

Do you run it directly, or are you using guiminer (or what the name is)?
Try carefully reading though SCRYPT-README.txt, there are detailed tips about various important parameters.

 

[AnonymouseUser]

The crash we ALL saw coming happened.. now, the JUMP afterwards, how high will it go??

They may have peaked already, but they could go as high as $900 (Gox) and $30 (LTC on BTC-e) before going down again.

 

[dfuze]

May have spoken too soon... I think pc was responsive because it wasn't mining well. On my netcodepool worker site it showed my khash/s nosedive to around 7. Looked at the miner readout again and noticed it said 200 "M" not "K" so I think it was going slower. Fired GUIMiner back up and speeds went back up

 

[nwo]

I take most members in this thread have some experience with Bitcoin Mining. I'm considering of giving it a go as a 1st timer. My question is what advantages has Bitcoin Mining have over Litecoin Mining? Seems to me Litecoin has a chance going up in value but as they say: "There can only be ONE".

The only advantage of BTC over LTC is the price of BTC compared to LTC. However, it will take you several months or even up to a year (depending on your hardware) before you see a single BTC in your wallet. That is certainly not the case with LTC because the difficulty is so much lower and also because ASICs are not being used for LTC (yet).

 

[Mark R]

The LTC difficulty has exploded over the last week.

When I built my mine 10 days ago, I was getting 3 LTC per 24 hours at a cost of $12 in electricity.
Now the difficulty has pretty much doubled, so I'm now only getting 1.5 LTC per 24 hours.

It's still profitable, even with the recent collapse in cryptocoin prices, but nothing like what it was.

 

[snowboarder33]

Question for you guys:

Is there a way I could use my CPU as my graphics option and have my GPU mining in the background? Because having my GPU as the display option while mining basically makes the computer unusable (is that normal?). And my CPU is practically doing nothing.

I thought I could just switch my monitors from being connected to my GPU to my CPU, but that seems to have killed cgminer and trixx. I'm guessing that has something to do with the GPU slot setting in cgminer/trixx.

Or is this just not possible?

edit: its a miracle. i got it to work. neato!

 

[taq8ojh]

You can always set lower intensity (like 13 or maybe 14) and have perfectly usable PC. You can even mine a bit with the CPU itself on top of that, as long as you limit the number of threads used (and still have usable PC).

 

[Smartazz]

Is this recent crash from China banning banks from using Bitcoin? Could the US government follow and if so, would that obliterate the value of Bitcoin? I would think that if people can't easily convert Bitcoin to USD, the value will die.