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Cryptocoin Mining?

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SimianR said:
Looks like Darkcoins price is shooting up. Not sure how high it will go, but I wouldn't be shocked if we see Darkcoin @ $10 eventually. With all the scrypt miners moving their GPU's over to x11 during the summer, I think we're seeing the price adjustment to justify the higher difficulty/cost of mining. Vertcoin got a nice little bump as well but not nearly as dramatic. I'll be keeping an eye on both of them.
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I know I know, broken clock and all that 😉 But Darkcoin hit $10 today. I'm kind of wondering where it will go from here. There's a much smaller supply of it than litecoin and all the GPU miners are moving over to X11.. so it will be interesting to see.
 
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SimianR said:
I know I know, broken clock and all that 😉 But Darkcoin hit $10 today. I'm kind of wondering where it will go from here. There's a much smaller supply of it than litecoin and all the GPU miners are moving over to X11.. so it will be interesting to see.
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It broke through .02 BTC and is now above .0225 BTC/DRK. Yay.
 
How does mining Darkcoin compare to mining, say, Litecoin?

What I mean is if you used the same video card, would it be more profitable to mine one or the other, and how close are they in profit per day, just mining?
 
KingFatty said:
How does mining Darkcoin compare to mining, say, Litecoin?

What I mean is if you used the same video card, would it be more profitable to mine one or the other, and how close are they in profit per day, just mining?
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The look changes a bit due to differencies of efficiency. Though DRK is all over the place in profitabiilty where LTC is a bit more steady. *steady relative to crypto which is anything but steady, but DRK is all over the place.

Profitability per Watt used favors DRK for sure, but the catch (consideration) is it is more $$$ up front for a build to use each watt with x11 vs scrypt.

Ex) 1000w setup and 0.14kwh power rate with 3-1 kh/s to watt ratio for scrypt and 15-1 ratio x11 (ratios based on system hashing power/power draw at wall).

Litecoin will produce revenue of $4.45 per day
-3.36 (power cost)
=$1.09 profit a day

Darkcoin will produce revenue of $7.61 per day
-3.36
=$4.45 profit a day


But, it will cost quite a bit more up front to put to use 1000w of power towards x11 coins like DRK because where a 290x would use 300+watts mining scrypt, it will use 160watts mining x11.

For an existing setup you can consider x11 using half the power of scrypt so the 2nd part of example above would be (based on 500w)

Darkcoin will produce revenue of $3.80 per day
-1.68
=$2.12 profit a day
 
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I won a t-shirt
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SimianR said:
Buying and selling it is profitable.. mining it on the other hand :|
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Mining really sucks. You're best just picking coins that each have their niche, buying a fair amount, and just waiting it out long term. Even if half of them go nowhere, the other half that do make you quite a bit. I only mine at this point as a hobby and not a source of and real income.

And I say this with like 40 MH/s on x11. 😛
 
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njdevilsfan87 said:
Mining really sucks. You're best just picking coins that each have their niche, buying a fair amount, and just waiting it out long term. Even if half of them go nowhere, the other half that do make you quite a bit. I only mine at this point as a hobby and not a source of and real income.

And I say this with like 40 MH/s on x11. 😛
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Mining made more sense when the earning potential was huge, but lately, wouldn't go there unless I had dirt cheap electricity and already had the hardware.

Trading is always profitable, just more risky. 😉
 
Is there a solution that allows me to access my computer's coins anywhere (besides a mobile phone - no BTC wallet apps for iOS), without moving to an entirely cloud-based wallet? I have all my coins stored on a PC at work, and on the weekends I have no access to them when at home.
 
suklee said:
Is there a solution that allows me to access my computer's coins anywhere (besides a mobile phone - no BTC wallet apps for iOS), without moving to an entirely cloud-based wallet? I have all my coins stored on a PC at work, and on the weekends I have no access to them when at home.
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Export the private key and import it on a different machine. Bitcoins already "exist" entirely on the cloud of the blockchain. What your wallet does is manage the private keys that let you access the specific set of addresses where you coins reside. You can easily find guides explaining how to do that by googling relevant keywords far more safely than I could.

That said, I would feel very iffy about leaving all my coins accessible on a work machine; consider getting a small secure machine dedicated for your wallets that's fully sterilized and never used for anything else.
 
NewYorksFinest said:
IMO, this thread should be closed and a new one started. This thread is straying to suck as the post count goes above 12K. How did it survive this long?
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Why is this thread "straying" [sic] to suck?

The reason why this thread exists is because a separate forum is not an option and will not be made for this topic.
 
NewYorksFinest said:
IMO, this thread should be closed and a new one started. This thread is straying to suck as the post count goes above 12K. How did it survive this long?
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Useless troll is useless, especially since the exact same thing, almost word for word, was posted in this thread by some other moronic new member with low posts. Probably the same person.
 
From my perspective (having bought BTC with cash), there was excitement of a bad kind when the price per BTC dropped down to like high $300s. But recently it has surged back to almost $600, and now declined a bit again. So that was pretty crazy, but I wish I bought in at $400...
 
I don't know what to mine. 42 coin? 😛
I was going to move to x11, but meh. I don't feel like moving over when I already have 2000 DOGE (worth not much) 0.1 LTC (not worth much) and something like 1 FTC (Not worth much.)

If something would actually let me mine it that would be ok, but they all crash. :\
 
LTC still has a massive mining network at 250Gh/s and growing so it's getting tons of ASIC hashpower slapped at it.

I don't see anything LTC is good for other than to soak up Gh/s of scrypt Asic miners (i'm guessing this is from sellers of scrypt asic's mining before they release to public).

Scrypt is dead, ain't nobody got time for that crap.
 
Been renting out my rigs for a total of 25 MH/s of nice X11 hash power. Profitability varies but it's set it and forget it 🙂
 
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