Cryptocoin Mining?

[T_Yamamoto]

Uhh.. no. WC is a pre-mined scamcoin for idiots.

AC is the BC for those who missed BC.

WC and AC. I except WC to be pumped up then drop off the face of the earth.

AC should hold steady but eventually fall (I'm probably wrong on this assumption)

 

[Virge_]

WC and AC. I except WC to be pumped up then drop off the face of the earth.

AC should hold steady but eventually fall (I'm probably wrong on this assumption)

1000 Doge it skyrockets to at least 20x yesterday's value.

 

[T_Yamamoto]

1000 Doge it skyrockets to at least 20x yesterday's value.

Sure, that's fine, but yesterday it was running at an average of 650 (my guess from seeing on Cryptsy) so it would need to rise to 13000 satoshi.

 

[Virge_]

Sure, that's fine, but yesterday it was running at an average of 650 (my guess from seeing on Cryptsy) so it would need to rise to 13000 satoshi.

BC hit over 90k at one point - so?

 

[T_Yamamoto]

BC hit over 90k at one point - so?

I'm just saying that it will have to rise to that point. I see one whale already trying to drive the market up.

 

[IEC]

Sure, that's fine, but yesterday it was running at an average of 650 (my guess from seeing on Cryptsy) so it would need to rise to 13000 satoshi.

If it hits 13000+ satoshi I'll send you 1000 DOGE for your college fund.

Because if it hits 13000+ satoshi I'll be feeling very generous...

 

[frowertr]

I'm hoping Doge gets a "pump" with this NASCAR thing. If it doesn't, than it is over. The thing keeps halving but the price never goes up. There just isn't any demand for that damn coin no matter how many "shibes" wish it to be true.

 

[Virge_]

I'm hoping Doge gets a "pump" with this NASCAR thing. If it doesn't, than it is over. The thing keeps halving but the price never goes up. There just isn't any demand for that damn coin no matter how many "shibes" wish it to be true.

To be completely honest at this point I've given up on DOGE. And I've got over 60mil in my wallet.

I just don't see it rebounding unless it forks to x11.

 

[IEC]

To be completely honest at this point I've given up on DOGE. And I've got over 60mil in my wallet.

I just don't see it rebounding unless it forks to x11.

DOGE has hard-forked before. I don't see it as outside the realm of possibility that they might switch algos due to their "everyminer" approach of making it accessible to anyone with commodity hardware.

 

[AkumaX]

To be completely honest at this point I've given up on DOGE. And I've got over 60mil in my wallet.

I just don't see it rebounding unless it forks to x11.

60 mill 😱😱😱

I think the problem is it's already 75% mined -- there's already 75,000,000,000 coins out there. Even if ASICS come tomorrow, there's already so much doge out there that you're better off buying it rather than mining it, hahaha

 

[KingFatty]

Some interesting news about a project at MIT.

What I find most interesting is how there are faculty/researchers there who are involved in it:
http://www.theverge.com/2014/4/29/5664512/mit-club-giving-100-usd-in-bitcoin-to-all-undergrads

The MIT Bitcoin Club says that it's raised a half million dollars from alumni and the bitcoin community, which it plans to use to cover the cost of bitcoin for the campus' more than 4,500 undergrads and to finance informational programs about bitcoin. The group also plans to work with researchers on campus to study how students are using the new currency.

 

[IEC]

Haha, they'll use it like every other college student uses unexpected cash: for beer money.

 

[Virge_]

Haha, they'll use it like every other college student uses unexpected cash: for beer money.

My vote is legalized prostitution.

 

[T_Yamamoto]

Day trading AC is fun.

 

[geokilla]

Day trading AC is fun.

Only when you make money out of it.

 

[T_Yamamoto]

Only when you make money out of it.

I am. :whiste:

Edit: I plan on having a group buy of an ASIC when they come out.

Here is the preliminary plan. (Example, using the 18mhs ASIC that costs 3000 just for the ASIC itself)

100 shares will be available at 30 dollars per share.
2% operating fee will go towards me to help pay for the other parts and housing and such.

Currently, I'm going to predict the daily profit to be 0.056 BTC per day or 1.68 BTC per month.
2% fee is 0.0336 BTC per month.
1 share will receive 0.016464 per month

At current prices, your 30 dollar investment for 1 share will have an ROI of 4-5 months depending on difficulty rising (I tried to account for it in the daily payout)

This is just my basic idea. What do you guys think? If I did this, would you join in?

 

[IEC]

18MH/s ASIC for $3000?

Even assuming scrypt ASICs are profitable (a big assumption), you'll be killed by the 300+ MH/s Titan for $10000. Why would anyone mine with you when they could lease more hash for less from someone with a Titan farm (e.g. KnC)?

 

[T_Yamamoto]

18MH/s ASIC for $3000?

Even assuming scrypt ASICs are profitable (a big assumption), you'll be killed by the 300+ MH/s Titan for $10000. Why would anyone mine with you when they could lease more hash for less from someone with a Titan farm (e.g. KnC)?

That's true. The 18mhs for 3000 is from Zeusmining. It was more of an example than a solid thing anyways. I just wanted to get feedback on the general idea.

 

[Soulkeeper]

Anyone interested in testing out my custom scrypt kernel ?

http://sterlingdesktops.com/pub/test/lsoc.cl
designed for lg 1 to 8
performance increase on my systems at lg2 is 10+ KH/s
binary size reduced substantially compared to ckolivas/zuikkis

lemme know what you think

 

[IEC]

Anyone interested in testing out my custom scrypt kernel ?

http://sterlingdesktops.com/pub/test/lsoc.cl
designed for lg 1 to 8
performance increase on my systems at lg2 is 10+ KH/s
binary size reduced substantially compared to ckolivas/zuikkis

lemme know what you think

I made the switch to X11-based coins and now refuse to run scrypt... garage barely heats up with X11 and cards stay under 70C even with 95F ambients...

 

[Virge_]

I made the switch to X11-based coins and now refuse to run scrypt... garage barely heats up with X11 and cards stay under 70C even with 95F ambients...

Same boat, 200mhash in X11 running in my garage right now. Electricity bill dropped about 60%.

I've been mining DC and converting to AC since AC halved. I couldn't go back to Scrypt at this point even if I wanted to due to heat generation - and I've built custom powered fan HVAC venting to vent my reference cards up through the attic and out the roof so my garage stays damn cool.

Doesn't even matter to me that x11 DC mining is less profit - less profit is ultimately better than no profit from miners being shut down due to heat.

 

[IEC]

Given that AC PoW is over, are you still mining DC or planning to make the jump to AC multipool(s) when they launch?

 

[blastingcap]

How do you guys know the X11 stuff isn't malware-laced? Rootkits can be hard to detect. Just curious.

 

[wand3r3r]

What are the most interesting X11 coins?

List your top few choices... I'd guess it may be a little late to join the fray for some coins since they have likely declined?

I guess this is the miner here:
https://bitcointalk.org/index.php?topic=475795.0;all

How do you guys know the X11 stuff isn't malware-laced? Rootkits can be hard to detect. Just curious.

I doubt anyone knows. Even security professionals can hardly find the exploits much less average users.

Now that you mention it, virustotal has a pretty high detection ratio, 7/51 anti viruses find something suspicious. Virustotal is an good idea since it runs it through 51 AV systems and compiles the result.
https://www.virustotal.com/en/file/...ab7bbb08c218e87887dbe223/analysis/1398879181/

The cons being that anti-viruses are analysing based on binary signatures and they can find traces from malware based on cgminer so it's hard to know whether the software itself is malware, or if portions of it were used by malware.

It's a cat and mouse game.

 

[IEC]

How do you guys know the X11 stuff isn't malware-laced? Rootkits can be hard to detect. Just curious.

That's fine even if they are. My mining rigs are air-gapped and on their own network. I install wallets on a separate machine which is used only for crypto activity as well.