NEVER, I REPEAT NEVER! go cheap on your PSU ... especially for what we use them for! You want to get a very nice PSU because often times in the PSU world "You get what you pay for" applies very well. I would recommend reading reviews of PSU's where they actually put load on the PSU, measure the voltage regulation of each 12v 5v and 3.3v. Also they measure ripple. One of my favorite manufacturers (Seasonic) OEM's for many different PSU manufacturers with higher priced PSU's. Many of the Corsair line is Seasonic I believe. Seasonic makes some of the most stable / quality PSU's in the 400-800watt range. There are a couple of other really good OEM's out there, but my experience is mostly w/ Seasonic. Superflower is also making a comeback. Releasing extremely high quality PSU's under several different brands. Either way, stay away from your 40$ 600watt PSU's they are utter garbage and most likely will destroy your PC. For a nice 600watt PSU plan on spending a good 70-90$+ 2 sites I love for quality, unbiased reviews: http://www.jonnyguru.com/modules.php?name=NDReviews&op=Review_Cat&recatnum=13http://www.hardwaresecrets.com/page/power+ Seasonic. Great PSU. Excellent customer service! |
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As we bring this namecoin party to a close, I think it important to thank the little people who toiled away tirelessly to kill the last difficulty. And though I will be taking my entire 11.5Gbps back to BTC mining, I look forward to the next namecoin party in two or three months.
That's mean  The party will probably come again one more time, before the 24000th namecoin block arrives. After that, it's unknown due to the merged mining. |
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Who is selling and who is holding at the moment? I want some speculation trolls in here.
I currently hold 40x more NMC than BTC and thinking about making that gap bigger. The question is what's your average cost? Price ratio of NMC/BTC varies drastically over the last 2 months. Even you mine all the coins, it still matters as you can trade them to maximize the number of coins you hold, given the same hashing power. Guess nobody is holding USD here? lol |
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It will never again be so easy to mine Namecoins as it is now... So I guess keeping them is the best thing to do... I even bought 455 NC as an investment...
Hopefully before the difficulty came down. Seriously, some miners REALLY need to brush up their math here: If you want NMC: If the price is HIGHER than the ratio of BTC/NMC difficulty, mine NMC. If the price is LOWER than the ratio of BTC/NMC difficulty, mine BTC and buy NMC. If you want BTC, it's the other way 'round. Unless you really need a big chunk of NMC right now because you want to speculate on prices, there's no point in buying NMC right now, that it's cheaper to mine them than BTC. If you want many miners in NMC: Buy NMC at a rate that is slightly higher than the BTC/NMC difficulty, to provide arbitrage opportunity for opportunistic miners. This can even create bubbles like the one right now (where people speculate that the price will go up even more, so they pay nearly double the "calculated" price) that gain momentum on itself. Mining NMC all the time "to save NMC" is plainly stupid and will not help the system at all, it just creates these 2 months/2 days swings that might get more and more extreme over time. Exactly. I'm happy to sell namecoins I mined to speculators who think the price will go up because of lack of demand (and they could be right actually. nobody knows the future). |
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I know. But it started since 2 days ago. So at least 3 day's solid profit.
If every bitcoin miner had jumped it would have lasted just a few hours. I have to continue to convert it to BTC though as I'm worried the history will repeat, like what happened last time when the difficulty spiked and price fell at the same time. Whoa now, let's not bring the trolls running in... Again, it's my personal opinion and you don't have to act like a troll to acknowledge anything. What I do with namecoin is irrelevant to where the market will go. |
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I know. But it started since 2 days ago. So at least 3 day's solid profit.
If every bitcoin miner had jumped it would have lasted just a few hours. 12 hours if just deepbit mines namecoins. Personally I feel namecoin is actually better since it has some real value (registering domains), with same full attributes as BTC has. I have to continue to convert it to BTC though as I'm worried the history will repeat, like what happened last time when the difficulty spiked and price fell at the same time. |
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I didn't change the default askrate with phoenix. Same parameters (BFI_INT & VECTOR) as the one I used in deepbit.
I found 1 block in about 10 hours with one 5830 (while I was sleeping). And in the morning, as soon as I noticed that, I immediately switched that card to pool mining.
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I didn't see the error though (with phoenix miner).
What error? Well, I read it again and they're not errors. Just some verbose info I don't have with my non-verbose phoenix miner. |
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yes, 0 accepted/0 rejected will become 1 accepted/0 rejected when you find a block. I didn't see the error though (with phoenix miner).
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I just have one question: why are there some people still mining BTC now? I think they should all switch to namecoin mining for maximizing profits.
It's only going to last until sometime tomorrow, then the complexity is going to skyrocket. I know. But it started since 2 days ago. So at least 3 day's solid profit. |
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I just have one question: why are there some people still mining BTC now? I think they should all switch to namecoin mining for maximizing profits.
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I bought 500 shares of AMD stock yesterday and today it's up $1 a share. So I made more than 30 BTC in a day |
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I'm wondering if anybody has considered iPhone mining...
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Lol. That'll be good for pool miners, right?
BTW, I did a calculation, deepbit can mine about 160 blocks per hour at the current 25K difficulty, so 12 hours the whole 2016 blocks for this difficulty will be mined.
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Then automate the exchange process and we can still get BTC?
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totally false logic. Why did the price drop when the difficulty at 50K then? As you said, it took a month so it created a namecoin shortage as well.
There's two parts to price, supply and demand. Obviously the demand wasn't there, so the price lagged parity with BTC, so people left NMC mining for BTC mining. Also, you'll see that I said *SHOULD* which is based on the assumption that demand won't fall (probably should have stated this assumption). It's the future, it's uncertain - this is my take on it. Alright, I buy that. Nobody has the cystal ball but I'm continue selling while mining namecoin (and I could regret tomorrow |
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My experience with deepbit is probably slush paid a little bit more, if with the same luck (and yeah, I already took into account the difference in commissions). Could be related to the algorithm as I trust both pools are honest.
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subsidize a 2 day profit bonanza for people who mine in 2 days what you will mine in the following 40 have you seen future predictions of the next difficulty.. it is going to take them 80 days to kill that beast. The exchange rate has little to do with the difficulty (as proven by the recent USD/BTC exchange rate you cant mine dollars. The point of the price reaching parity is miners going back and forth until it does. Price isnt reflecting the current difficulty as the current difficulty will only last days.. the price is reflecting futures.. and it looks like the difficulty will rise greatly in a couple of days. IMO anyways It won't take 80 days. The difficulty can only go up 4x. Get educated. Go to school. Don't do drugs. It took nearly a month to finish out difficulty ~50k...if the same thing happens, it's going to take almost double that, or worst case, more people leave than before and it'll take even longer. This will essentially create a NMC shortage during the next difficulty cycle which should cause an increase in the price of NMC. totally false logic. Why did the price drop when the difficulty at 50K then? As you said, it took a month so it created a namecoin shortage as well. |
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The exchange rate has little to do with the difficulty (as proven by the recent USD/BTC exchange rate). The difficulty (or the difficulty change more accurately) will somehow affected by the exchange rate though. Looking at the historical data, it seems namecoin used to traded at 0.1BTC.
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I believe I just found a block. I used 1 5830 doing solo mining for less than 12 hours, so I guess I was lucky? (Now I switched to pool mining). Question is how do I know how many confirmation has already happen with it? It already appeared in my wallet.
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