Also, if you had your way and it was linear -- there would be no reason to mine anything but BTC, since they all would produce the same amount of money in the end.
And your numbers for FTC are off, so much for simple math..
200 x (3600 / 50) = 14,400 Coins per hour
Correct, the only difference between the coins would be the energy required for SHA256d vs scrypt, and the good will component of each coin. That's why the majority of people only mine BTC, and are seeking to reduce energy costs via FPGA/ASIC etc. Doesn't stop my table being a useful guide for relative values to show people just how far out they were with DGC price. Just so there is no confusion, here is the correct data: Coin Coins/block Time/Block(secs) Coins/hour Value vs BTC $USD
BTC 25 600 150 1 $125.00
LTC 50 150 1200 0.125 $15.63
DGC 20 20 3600 0.0416666667 $5.21
CNC 88 60 5280 0.0284090909 $3.55
WDC 32 15 7680 0.01953125 $2.44
FTC 200 50 14400 0.010416667 $1.30
I agree, DGC is selling for less than the other coins that produce way more coins. There is a typo on FTC it's block time is 150 not 50 I must have typed over it by accident when I pasted here from my spreadsheet and trying to get the columns to line up. |
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Also, if you had your way and it was linear -- there would be no reason to mine anything but BTC, since they all would produce the same amount of money in the end.
And your numbers for FTC are off, so much for simple math..
200 x (3600 / 50) = 14,400 Coins per hour
Correct, the only difference between the coins would be the energy required for SHA256d vs scrypt, and the good will component of each coin. That's why the majority of people only mine BTC, and are seeking to reduce energy costs via FPGA/ASIC etc. Doesn't stop my table being a useful guide for relative values to show people just how far out they were with DGC price. |
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finally.  But still i think price will be the same, until miners dump masses of FTC  FTC is still dead because of the restriction on the difficulty re-target. Current Block 33007
Current Difficulty 133.06387906
Expected Time per Block 0 day(s), 0 hour(s), 20 min, 21 sec
Time to Retarget 3 day(s), 15 hour(s), 11 min, 10 sec 20min per block is hardly a useful coin compared to it's 2.5min design. The pool I am on http://feathercoin.is-a-geek.com hasn't found a block in 9 Hours 29 Minutes which is kind of pathetic. The block explorer at http://cryptocoinexplorer.com:5750 seems to have choked on the re-target |
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For those noobs that don't know how to do basic arithmetic to work out how much a coin is really worth relative to the cost of mining it, here is a table.
Coin Coins/block Time/Block(secs) Coins/hour Value vs BTC $USD
BTC 25 600 150 1 $125.00
LTC 50 150 1200 0.125 $15.63
DGC 20 20 3600 0.0416666667 $5.21
FTC 200 50 4800 0.03125 $3.91
CNC 88 60 5280 0.0284090909 $3.55
WDC 32 15 7680 0.01953125 $2.44
lol LTC $15 -- good luck with your pipe dream. It's attitudes like that which distort the market. If you don't understand the basic arithmetic then ask or leave. |
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For those noobs that don't know how to do basic arithmetic to work out how much a coin is really worth relative to the cost of mining it, here is a table. It's all about the designed number of coins to be produced per hour.
Coin Coins/block Time/Block(secs) Coins/hour Value vs BTC $USD
BTC 25 600 150 1 $125.00
LTC 50 150 1200 0.125 $15.63
DGC 20 20 3600 0.0416666667 $5.21
FTC 200 150 4800 0.03125 $3.91
CNC 88 60 5280 0.0284090909 $3.55
WDC 32 15 7680 0.01953125 $2.44
You can see clearly that DGC should be worth twice as much as WDC yet people sold it for less. |
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If it should it will.
Relax I dumped my WDC early, cause I knew there were millions of them and that the coin was just too fast to be secure . (I think they have an unwanted fork on their hands now).
I am not selling this one .
People werent selling that much even here. Price will rise. Steadily and naturaly. (not like WDC initial pumps)
I haven't sold any WDC yet because of people like you dumping below it's price. DGC is almost identical to WDC so there are millions of DGC out there too for you to dump. Please go mine BTC where you can do little harm. Getting the price wrong on launch can set it back weeks even months. |
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Well so far, sellers on Cryptsy are following the all too common trend for killing a new alt, starting sales at the highest bid for buying, for some reason you people cant hold back just for a little while and start selling at a much higher rate, eventually people Will buy higher, but all you tards sell out, and ruin what could have been a really good profit for the rest of us -
They are either idiots that don't know how to trade on an exchange, or stooges that are there to deliberately keep the price down. Either way they have spoilt a good coin which should be selling for 0.003 BTC not 0.00056 BTC I have stopped mining DGC because it is selling too low. Coinchoose is misleading people into mining coins that are hard to sell or sell for too little. |
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I asked for a refund from BFL 9 days ago, then repeated the request 2 days ago and so far I have received no answer. I tried to submit a support ticket at https://support.butterflylabs.com but all I got was CloudFlare offline alert. Is there any other recommended way how to ask for a refund? I wasn't able to find an email address for instance...  Posting on this forum will achieve little, they don't read it due to trolls, you could try their forums. But common sense would dictate that you ring them during office hours and organize it. |
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@kano + bicknellski:
Chill out please.
If some boards are required for CGMiner support, some boards will be provided. It's all too early anyway.
No one is "due" anything but there is no reason not to facilitate the group effort nor to recognize the participation of individuals. Let's just not make this into sth it's not.
Pretty please?
I put Bicknellski on my ignore list weeks ago from his trolling in other threads. |
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So where is the setting to turn off the stoopid little candlesticks that end up looking like + + and getting a normal line charts happening?
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Buyers are slack atmo . current offer is .0005. no sellers willing to take this price. wdc went up to .0025 before falling again. where do you see digi price going ? short term
I don't see a reason DGC should be valued more than WDC. wdc had the blockchain split rumorlast night. its undervalued atmo You realize that block chain splits happen all the time and they are localized events? But keep spreading FUD. I see the stoopid sellers have managed to drive DGC from being the most profitable coin on Coinchoose list with a pathetic sell price of 0.00041 BTC |
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Jesus, that's a helluva spread...
The buy orders are huge, the sell orders are tiny, and the sellers are going cheap, what a bunch of desperate morons. There is like less than 1,000 for sale and hundreds of thousands in buy orders. No need to discount whatsoever, so I assume the sellers need to seek professional help, or they are stooges put there by the competition to keep the sell price low. No one of the scrypt based coins should have three zeros to the right of the decimal point, let alone four, the things take so much energy and hardware cost to mine. Selling coins shouldn't be left to miners, it should be put in the hands of adults. |
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DGC deposits just appeared on Cryptsy.
I put a sell in at 0.003 as suggested but people undercut it instantly. Miners are so stoopid when it comes to any form of commerce and bargaining. Why not just give the coins away for free, .0006 is near enough to free.
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Yeah, the deposit option has been removed from my account so im guessing they are fixing it and not allowing further deposits.
Sounds serious, I hope all our deposits are ok. I took a screen shot of mine and the deposit address on the server before it disappeared. |
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Guys, is there any comments from cryptsy's developer about DGC deposit problems?
I don't think anyone has contacted him, I think we are just sitting here waiting. I sent email to support@cryptsy.com, about 3-4 hours ago, but no reply till now... Probably asleep, they are in Florida I think |
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Guys, is there any comments from cryptsy's developer about DGC deposit problems?
I don't think anyone has contacted him, I think we are just sitting here waiting. |
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The site is working fine for me and has been all day, it's just the DGC deposits have not been credited to my account, all other deposits and sales I have done today on Cryptsy have been fine. |
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If completed by:
May 25, 2013, 12:15:15 PM (server time)
+5BTC speed bonus for 33,000 block
Ah greed, is there nothing it can't solve  I am impressed, it's over doubled the hash rates. |
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This would be actually awesome update... if it came out in october 2012... what a shame.
Dont get your hopes up. It so far is just talk. Pretty much all that BFL has been doing since October 2012. No change here. Actually, my hopes are that they never ship, I am in asicminer. Most smear campaigns have some commercial interest, it's just a fact of life. |
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Yeah I thought that was strange that they can't decide whether the Jalapeno will use one or two chips. And the Minirig is shrinking by two thirds? Wow. I hope those who ordered 1,500 T#/s are compensated with three units. How can the power port look like PCIe, fit a PCIe, be "electrically compatible" with PCIe, but not be PCIe?
Honestly these had better be the best goddamned ICs ever made. From what I understand they're essentially working on revision 2+ SHA-ASIC chips while Avalon and ASICMiner are on revision 1.
PS nothing is happening Monday the 27th... It's memorial day in the US and everything is closed (except movie theatres)
I guess people who ordered the Minirig are not stressed by size and power consumption, they just want enormous hashing power. Personally I don't think the Minirig should exist, it's too much concentration of hashing, not good for the concept of the bitcoin net. I think Minirigs should be rationed. eg. for every TH/s of Minirig sold 2 TH/s of the smaller 5-50Gh/s units have also to be sold. |
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