I don't know if this is very elegant design (having not read the Satoshi original design doc) but mining should never be "toast"

Mining has to stay profitable as I understand it - at least whilst there are still coins. Purely because if it becomes too difficult to make money, people stop mining, the difficulty decreases and it becomes profitable again.

I also believe there is a future for alt coins - whilst people/organisations have different scales of mining capabilities, and exchanges to trade up to whatever coin, then there is a role for alt coins for lower scale miners to still mine cryptocurrency

Ripple on the other hand is just.....horrible....

thanks for the education guys

Let me tell you about this awesome website called ebay - you can sell almost anything there (even crypto currencies soon - as of Feb 10th). You can charge whatever you like!

......

I should probably stop replying

on a par with Ripple....

I can also offer those in collateral - I seem to recall I still have 25,000 somewhere....

is it not possible to trace DDOS attacks in some way (I have no idea)

What do you think? Did you post that question thinking seriously that anyone is crazy enough to lend me 387 BTC to buy a ridiculous car? On the promise of a few of the latest fad altcoins which likely won't exist in 3 months time...

if by some miracle they are please send to 198ejrzFjUiCizotZNqTMMCz9ZzjeEBgC

I promise to send you a pic of me posing with the car. Every day. For a year.

I'm desperate. At the end of my rope. Unless I can get this loan I don't know what to do.

The money is needed for this - please someone out there have a heart and help me out:
http://www.eggify.com/vehicles/cars/2014-mclaren-mp4-12c-spider_i1516

as for collateral - I can provide your choice of 50,000 DOGE or a few million infinitecoins

krone9

7MopSiyvzXnkXaZfern2T9hNy1btVq5GHQ

thanks

Sorry - thought I had replied to this!

My cube is now running absolutely fine, but only in Low clock mode. Was well packed, very promptly shipped and came with very easy setup instructions.

I absolutely love it - its so little hassle and very very stable. If I hadn't been ordered not to spend more money on mining equipment (by she who must be obeyed) I would be buying more of these!

Question : how can I get it to run in High clock mode? Would be great to get this running at full efficiency

Also can anyone advise on merge mining pools (have not yet gone through the forum but if you happen to read this and can recommend a good merge mining pool let me know!)

whoever is behind these on the various pools I use, I hate you

however I am somewhat curious as to the details and mechanics

ie how much difference does it actually make - I presume there is a real financial benefit or people wouldn't do it. Does it actually effect the pool or just the website reporting stats?

also who is behind most DDOS attacks - are they individuals or is it big mining groups trying to dominate?

just curious...

even after you factor in hardware cost?

I mine - at a loss - for a few reasons:

I have bought some cryptocurrency and want it to go up in value - by supporting the network, I hope to help make this happen and thus make me money
I enjoy it as a hobby - through it I've started learning linux
I believe in the theory/principles behind bitcoin (etc) and would like to see it succeed

I would definitely not advise getting into mining now to make any money - unless its when the scrypt asics come out (for definite - not preorder), then depending on price/performance it might be worth it again

I have a few rigs (scrypt coins based on 3 x GPUs : 2000Mhs each)and a new bitcoin miner (30GHs)

When I started I thought I would make money, and was considering starting a business around it.

Now I've got a bit of experience, I am much more interested in this as a hobby and to support the network.
I may not make my investment money back (I've covered about 30% of my costs so far over the last 2-3 months so fully expect to end up out of pocket)

If you want to make money, and believe in bitcoin/cryptocurrency, then you're better off just investing in the currency (ie buy bitcoins)
If you want to start a new (expensive) hobby, then get into mining. Scrypt or SHA256 doesn't matter - its not a money making investment.

Now I've done both, once you know what you are doing, bitcoining mining with standalone cubes is much more reliable and easy to set up than scrypt mining with milkcrate rigs.

My rigs give me periodic grief

would I not see X's in the cube admin screen - if that were the case?

all are showing as zero's

I'll go through that thread(s) you linked to though - thanks!

Hi all

Thanks to some help on here I got my first cube up and running but I'm only getting about 37% efficiency and a hash rate of 18GHs

Its currently running off a Corsair CX500 and I'm wondering if thats adequate for the job. What PSU would you recommend/are you getting great results with?

I'd like to get to 95% efficiency and 38+GHs clock speeds - any other things I can do?

thanks!

Followup question:

I'm only getting 38% efficiency from the cube after a bit of stabilisation.

I suspect this is due to a poor choice of PSU but would be great to get some tips before I randomly throw more money down the drain...
Its currently running off a Corsair CX500 http://www.amazon.com/gp/product/B0092ML0MY/ref=oh_details_o00_s00_i00?ie=UTF8&psc=1

If this was a bad selection, would someone mind recommending me an alternative (having made rash promises about not buying any more cryptoequipment it only needs to power one cube!)


As depressing as it is to know you'll never see a return on your miner, its even worse when its not running at full whack...

SOLVED :
my problem was that I was pointing at ports 8330 when I should have been using 8332

There is another tutorial (maybe on Jones Gear which is VERY similar to the dogie one) which states 8330 incorrectly

Dogie is correct, but I missed it when I checked - doh!

thank you so much for the help  - pretty happy now!

Thanks - getting a bit anxious now to see it working!

I have checked the doggie cub setup thread - I did follow it initially but I wanted to be sure so have just double checked.

Re my setup : basically I have one router here that I don't control and one router I do. My internet connection comes into the one I don't have control over, and it comes into my house to a switch which serves the whole house. My mining rigs (and cube) are connected to the switch. All 3 other rigs are working fine (scrypt mining on cgminer)

So internet -> switch -> rigs including the Cube : this is on 172.22.42.x subnet
(and seperately I have a seperate wireless router : which is on 192.168.0.x subnet)

So I have now put the cube on the same subnet as the stratum proxy server to make sure its more straight forward.

proxy server (also a mining rig) is at 172.22.42.42
Cube is at 172.22.42.254

My BE Cube settings are now:
IP : 172.22.42.254   
Mask : 255.255.255.0
Gateway   172.22.42.1 (closest router to the cube)
WEB Port   8000
Primary DNS   172.22.42.1 (closest router to the cube)
Secondary DNS 8.8.8.8   
Pool ports   8330, 8330
Pool addresses   172.22.42.42,172.22.42.42
Miners user:pass   [user.worker]:[password],[user.worker]:[password]

Still showing zero MHs, utility, efficiency (how quickly should it update?)

(Thank you so much for your help, all - I am learning so much as I go!)

Thanks for the pointer

I changed both primary DNS and Gateway to be 172.22.42.1 but still no luck

Any ideas?

Hi all

In another rash move to throw money at mining hardware that I won't recover, I just got myself a cube from Jones' Gear. I've built a few scrypt coin rigs but wanted to get involved with bitcoin as well - its a little beyond my comfort zone and whilst I think things are set up correctly, for some reason its not actually mining!

My Cube shows the following screen:


I've installed my stratum proxy server (on Xubuntu) - thats churning away saying:

2014-01-14 01:16:25,762 INFO proxy client_service.handle_event # New job 6579 for prevhash 84a7d989, clean_jobs=False

and updates every now and then with a new line and new job number

Looks like the proxy server is working and listening for a miner, but the miner isn't actually starting and getting work for some reason - can someone put me out of my misery and let me know what I need to do?
(note I have 2 routers set up - one with 192.168.0.x addresses which is connected to one with 172.22.42.x addresses - I don't think thats the issue as I can happily connect from one to the other normally)

any advice very gratefully appreciated!