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Cryptocoin Mining?

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Octopuss said:
Thanks for clarification, I wasn't quite sure. I don't follow this subculture as I find it utterly stupid (few of the memes are funny though), so I couldn't really tell.
I guess it's worth mining it for a month and see what happens. I don't think it has any chance to last, but maybe there is still a way to make some money off it. The question is why. You really have to have at least partially businessman-like brain to be able to profit from these things.
Click to expand...

If you're into mining at all (which I'm honestly just starting out - I'm tired of missing the boat... again, and again, and again)... they way I look at it is it's worth it to have a rig or even just a single miner that you can dedicate to mining "AltCoin de jure" as soon as it comes out. Hope on whatever is new, low difficulty, stock up the coins in your wallet. If the exchange rates are favorable at any given point, decide if you want to cash out, or just sit on them and hope you're sitting on a gold mine a'la LiteCoin for a few years down the road. Then move on to the next one.

That's my plan. See if I can mine a known commodity to "pay the bills" and then stock up on altcoins on the side. It probably won't amount to anything from this point onward, but hey, at least I have a new hobby!
 
I only started recently as well.
I don't feel like trying any other altcoins and will probably jump back on litecoin in near future, but I wanted to see if there's any potential profit in this thing. Maybe there still is, but I wouldn't bet on saving the coins.

Actually, I guess the best thing is to trade them into something more stable, probably litecoin in my case since I am already mining it.
 
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Octopuss said:
I only started recently as well.
I don't feel like trying any other altcoins and will probably jump back on litecoin in near future, but I wanted to see if there's any potential profit in this thing. Maybe there still is, but I wouldn't bet on saving the coins.
Click to expand...


In two days of mining dogecoin I've made more equivalent ltc than at wemineltc for 2 weeks. Don't think I'll switch back to ltc soon, the difficulty is just too high.
 
SithSolo1 said:
So I closed cgminer to try another pool and now no matter what I when I start cgminer the memory clock stays pegged to 150mhz and the power tune is set to 0%. Was working fine not 30mins ago, all I changed was the pool address and worker. Memory clocks up fine in games.

This has been working fine for 2 days and now nada, any ideas?
--thread-concurrency 32765 --lookup-gap 0 --gpu-engine 970 --gpu-memclock 1250 --gpu-powertune 20 -w 256 -I 18 -g 1
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Try removing all that extra stuff. I reverted back to everything gone except Intensity and w (-I 18,18 -w 256,256) note dual gpu therefore two settings.

This miner is so finicky I don't know if I dare restart it but now I finally got both cards working optimally except the one that was solid has 25 HW errors out of 10,000 accepted. So a very slight issue but I'm finally getting closer to the hash I should be. Thanks to a pools downtime I tested it on another pool. I also changed the clocks on my gpu a little.
 
What kind of gains are you getting? I seem to have 20k dogecoins after mining for 8 hours at roughly 400kh/s, using luckyminers.com.
 
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Torn Mind said:
The client is one type of wallet. You set up an address so you can receive payments. But if you join a pool, the coins are on the pool's website until you cash out your earnings. The payout is sent to your wallet's address.
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Yep, understood. It's just that I can't create a wallet (been sitting here out of sync) for a day now.
 
Zstream said:
Yep, understood. It's just that I can't create a wallet (been sitting here out of sync) for a day now.
Click to expand...
Yeah, I had that problem too. I don't know the Linux fix, but in Windows, I had to copy the conf file found in the extracted zip file into the dogecoin folder found in C:\Users\yourusername\Roaming\.
 
wand3r3r said:
Try removing all that extra stuff. I reverted back to everything gone except Intensity and w (-I 18,18 -w 256,256) note dual gpu therefore two settings.

This miner is so finicky I don't know if I dare restart it but now I finally got both cards working optimally except the one that was solid has 25 HW errors out of 10,000 accepted. So a very slight issue but I'm finally getting closer to the hash I should be. Thanks to a pools downtime I tested it on another pool. I also changed the clocks on my gpu a little.
Click to expand...

I had to restart my computer a couple times since cgminer doesn't like being closed by the "X" button a couple times in order to restore my max hashrates. If the miner has not started work or if I pressed "q" to close it properly, I have no trouble
 
Octopuss said:
What kind of gains are you getting? I seem to have 20k dogecoins after mining for 8 hours at roughly 400kh/s.
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1-1,000,000 dogecoins every minute

means 500,000 on avg

your 400 khash/s is 1/8000 of 3200 Mhash/s (roughly an avg network power during last 8 hours)

means you should have been getting 500,000 / 8,000 dogecoins EVERY MINUTE
=62.5 dogecoins/minute

62.5 dogecoins/minute * 60 minutes * 8 = 30,000 dogecoins

It seems you wasnt so lucky wow
 
f1sherman said:
1-1,000,000 dogecoins every minute

means 500,000 on avg

your 400 khash/s is 1/8000 of 3200 Mhash/s (roughly an avg network power during last 8 hours)

means you should have been getting 500,000 / 8,000 dogecoins EVERY MINUTE
=62.5 dogecoins/minute

62.5 dogecoins/minute * 60 minutes * 8 = 30,000 dogecoins

It seems you wasnt so lucky wow
Click to expand...
I don't know. That luckyminers.com pool doesn't seem like a scam, but it's updating stats in completely weird way. I guess I have more than what I posted, but definitely not 10x as much.
Weird.
 
Well it's a crude calculation. The one that does not take into account difficulty/network oscillations.
Just wanted to give ppl a rough image on what they could/should be getting.
Don't forget that dogecoin is very random.
 
Last night, I pulled about 10,000 dogecoins in roughly 6 hours of mining. My next 10,000 took roughly 12 hours.

This is on ~100Khash/s.

The biggest problem I see is with a low hash rate and a fast block refresh, the block I'm working on is already stale by the time the next 3 blocks are in. I'm getting maybe 1 block accepted for every 4 or 5 blocks I actually do, since stratum is continually pushing new blocks before the ones I'm working on are done.
 
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geokilla said:
So this is problematic. I haven't formatted yet but I left CGMiner and CGWatcher on before I went to sleep last night. Woke up this morning to see that it wasn't mining after 4am! All I had was a black CMD screen! It's not the first time this happened and I have the settings set in CGWatcher to ensure that it'll mine if the API stops. Right now I'm out and set it to restart mining every 4 hours.
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Bump
 
@geokilla

Pay attention to your Log (and Report an Devices) tab, and if that does not give you a clue, increase log verbosity (cgminer).
 
Binky said:
^Sounds like your system isn't stable. Lower the OC and intensities until you get it stable.
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Well when I was using it, it was fine for like 3 hours. But it ess running at a lower intensity... guess I'll try and fix it tonight. Losing so much profit though. It ain't mining right now fml.

f1sherman said:
@geokilla

Pay attention to your Log (and Report an Devices) tab, and if that does not give you a clue, increase log verbosity (cgminer).
Click to expand...

There is a log? Where?
 
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