Bitcoin Forum

Many Scrypt coins are dominated by FPGA miners. Feeling sad? No more! Yacoin is THE coin for you!

FPGA mining non-existent, GPU mining becomes less and less profitable each Nfactor change. Now you can finally put that CPU of yours to a good use! Also, only a few people mine Yacoins, so there's really small competition and quite high rewards!

With exchange rate of YAC skyrocketing in the past days, the profitability is over 1000% of Litecoin (depends on your hardware, though). Mind you, the most profitable vanilla Scrypt coin has only 350% profitability of LTC. Yes, the numbers are right.

There's a mining profitability calculator where you can check your daily earnings in YAC, LTC and BTC if you know your hashrate for each of t hese coins/algorithms. The hashrate ratio between YAC and LTC can vary significantly due to CPU cache size and/or GPU local memory size. You can expect 1/60 to 1/70 of your LTC hashrate as a "rule of thumb" (at least for CPUs - as that's what this coin is meant for) if you don't want to benchmark your hashrates first.

We also have a wiki page with mining hardware comparison at http://yacoinwiki.tk/index.php/Mining_Hardware_Comparison (yes, it's quite slim at the moment - feel free to add your own hw and hashrates).

For example, with one of the CPUs listed on wiki, you can get 0.3 kh/s with YAC and around 18 kh/s with LTC (giving a ratio of 60). Plugging these numbers into the calculator yields:

Cool, huh? ;)

Come joins us at http://yacointalk.com/index.php/board,4.0.html for info on how to start mining, a list of pools and assistance from a helpful community!

After the last price explosion ...  :D

I've been mining on some cloud services and my home machines.  Pools are having a few growing pains but it seems to have stabilized over the last day or 2. 

Is even cloud mining YAC profitable now? Did you do some calculations?

For anybody that hasn't heard of Yacoin before, I'd like to talk about my experience with it.

I have a few old(ish) computers that don't have good gpu's, so I haven't been able to mine with them.

But...

A few weeks ago I was looking at all the coins that have PoS as a feature (like Peercoin), and I discovered Yacoin. After reading about its special mining algorithm, I was very intrigued. I was glad to learn that it was based off of Novacoin, because I heard that Novacoin had the best code design of any cryptocurrency. Unfortunately, NVC's inventor made some suspicious bribes with BTC-E. :P

I've said it before at Yacointalk, but I think Yacoin is one of the best investments because it inherits Novacoin's code, yet it had a fair launch. PLUS, it has the best PoW algorithm. It changes its own memory requirements so that custom hardware (like ASIC's) won't be very effective with it. That will be good for its decentralized adoption

This program is really good for mining: http://yacointalk.com/index.php/topic,264.0.html

A few days ago, once YAC's price jumped higher than a quarter, I realized I had already made more than a hundred bucks mining Yacoins with my old desktop.

It was when the price was over 0.0002 BTC, on the EC2 spot instances I could get cheap enough. There wasn't much available capacity at those prices, but what there was did work out pretty good - better value than buying the BTC directly with fiat, at least.

I'll have a look this evening to see how things work out today, but turned off the resources I had when people started dumping their freshly mined YAC and pushed the price to where it's been at today.

All of the alts dropped when BTC did, but now that it's back over $1000 YAC has not yet caught up to where it was before, so great time to buy right now in my opinion!

Hard to tell.
It depends on how bitcoin will perform.