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It takes some time for pools to show your hashrate.
Regarding profitability spikes ther are two things:
- coins with low volume might look like very profitable but the market can maybe only absorb a few satoshis worth of coins before the price drops significantly;
- about difficulty and difficulty jumps, you should only trust what you see in your wallet with getmininginfo.
A lot of people use the same sites that tell you what to mine so you and a lot of people are jumping on the most profitable coin results in kicking the difficulty high therefore reducing the profitability.
I don't use miningpoolhub but on the site it seems the currently mined coin is Dogecoindark which doesn't seem to be the most profitable and if you click on it you can see that the last block was found over 2 days ago and that the hashrate for that coin is almost zero so the values are skewed.
If you don't like a pool you can just use another one, there are plenty of them.
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My wallet crashes as soon as it opens?? Any ideas
Mine did as well in Sandboxie which is usually the case with fancy wallets. Probably a missing dependency or wrong version. Funny thing is that I found 5 blocks (wts) while not clicking the error message but as soon as I clicked it the wallet exited. |
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NXT nodes, such as anyone running the server/client software has the option to disable the 2 week purge feature. By doing this you would be an "archival node" keeping old purged data. By default the server/client has it set at 2 week purge. Once the files have been purged the only thing kept would be the hash of the file for verifying the original file (something like proof of existence). As for archival nodes, in the future they can choose to charge a "fee" to get old data in order to create an incentive for people to keep large amounts of data.
I'm not sure how the other decentralized storage systems are doing. Can you shed some light on that? Storj / MainSafe / etc.
Is there a block explorer or something that shows how many archival nodes exist and the amount of data they hold? |
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I still say you can build a company off of a percentage based miner at 2%. While my figures were off as I based BTC prices at $500 a pop instead of $200 due to lack of sleep, it's still $3k per month JUST for Quark JUST on Nicehash. There is plenty of money to be made across all the algos, especially when you dump AMD into the mix.
Yeah, but as Wolf0 said it would be just a matter of time before the donation part would get cut out. But... now that yaamp source is public someone could create a custom multipool where you can only connect with a custom miner. The miner wouldn't have code for donation, simply the pool would take a fixed donation. For protection, a new version of the (free) miner could be pushed out let's say every few weeks with hardcoded changes while also changing the pool so that only the newest version of the miner could connect. The periodical changes should discourage people trying to hack the miner unless I missed something. |
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CannabisCoin once held a position in the top 15 with a marketcap of over $5 million dollars. With the block reward halving in just a few days, this could be an ideal time to pick up a few CANN for your portfolio. Marketcap doesn't say much about a coin and I think people are vastly overestimating the significance of the block halving; Currently there are 6760 coins being mined daily which is worth around 0.123 BTC currently. That is a very small amount. Cutting that in half is nothing compared to the daily trade volume so there's no logical reason why the price would change significantly and stay there long term. |
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Hi Guys  just a couple of things: firstly, mining is not "coming to an end" and as far as I am aware there are no plans to terminate it at all. What is looming is another reduction in the mining subsidy - this happens every 100,000 blocks. On or about the 6th of July the mining subsidy (the amount added to transaction fees paid to the miner for the current block mined) will halve from 3.28125 CANN to ~1.64 CANN. This means that only ~3,380 new CannabisCoins are to be minted each day. This is a huge reduction from the initial distribution rate where ~865,000 CANN were minted daily. What does this mean for CannabisCoin? Miners are vital to proof of work (POW) coins like CANN (to keep the block chain moving and secure) so the expectation is that miners will be able to profit from mining CANN. Current exchange rates suggest the returns are currently marginal for miners, at best. Miners are about to lose half their subsidy. Is the reduced availability of newly-minted supply likely to double the exchange rate to maintain miners' viability? Is there expected to be a significant increase in transaction fees (meaning product is to be released into the CANNdy inventory, perhaps)? On reflection, even a small release would likely double CANN's exchange rate simply because it is tangible evidence of progress. So many fascinating possibilities to ponder... Will there be a major dump, as suggested by chemal? I strongly doubt that. People are accumulating, the exchange rate is slowly but inexorably increasing so I just don't see anyone ditching a coin that is reducing new supply. zoata87 is mistaken, there is no "end of POW phase" but there is a looming reduction in the minting rate of new supply. My guess? Absent a "shock event" like the announcement of another milestone achievement or new product release I think there are plenty of buyers convinced of CannabisCoin's long-term potential who will continue to buy up available supply, probably squeezing the exchange price into the 2.5k-3.5K sat range. Of course, any announcements are likely to see it race far past that. It won't have much effect. Currently there are 6760 coins being mined daily which is worth around 0.123 BTC currently. Cutting that in half is nothing compared to the daily trade volume so there's no logical reason why the price would change significantly and stay there long term. |
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Powered USB risers are infinitely better, safer and likely even cheaper. You don't have cards heating each other being close, you don't risk burning your motherboard's 24 pin socket because the cards pull too much from it and you can have 6 cards per rig if you go with something like an Asrock Pro BTC board.
The issue is I already have a large gpu hanging rig with 8 amd cards, I wanted to make a small case rig since these stay so cool and use so little power, does the extra 8 pin power on the motherboard I linked not help with this? I see. I guess it does, however I'd only use cards which also have 6-pin sockets on them so they would draw most of the power from the PSU itself, instead of pulling up to 240W from the board. An x1 PCI-E port can output 10W, a x16 PCI-E port can output 75W, same for 6-pin and a 8 pin can output 150W. |
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Powered USB risers are infinitely better, safer and likely even cheaper. You don't have cards heating each other being close, you don't risk burning your motherboard's 24 pin socket because the cards pull too much from it and you can have 6 cards per rig if you go with something like an Asrock Pro BTC board.
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Can I spend it on creating time travelling remote controlled life extended zombies with penis enlargement and muscle growth who are after world domination and against animal cruelty?
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I'll definitely watch this if only for the dev's fudfighting balls.
Same, it's already entertaining. |
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NVIDIA has fixed the nvidia-smi.exe tool in the latest driver update. (driver 6/22/2015 version: 353.30)
It's awesome but far from perfect. I don't trust software reported power consumption figures (with good reason) so I looked into it. My same 970 jumps from between 130W and 205W in nvidia-smi (180W at the wall) on stock even in benchmark mode doing quark and for 750 Ti's it shows incorrect max (cap) figures. It shows 46, 38, 45 watt figures for stock Gigabyte, Asus, MSI cards while each rig consumes about 405 watts, 70 watt being the idle power consumption of the rig so it comes down to 55.8W per card without the rig (for quark). Here's an unmodified BIOS just pulled from an Asus card (GTX750TI-PH-2GD5):  It suggests that the nvidia-smi figures are based on the 38.5 value while that's not how much these cards can pull. Mining groestl the rig consumes 457 watts which comes down to 64.5W per card but nvidia-smi figures are based off of the 38.5W number and it throws the card reported TDP% number (~95%) at it so it shows 37/38W and 38/38W. With that said, my numbers are with measured numbers from the wall are: 750 Ti 5630 kh/s - 55.8W - 100.8 kh/w; 970 15300 kh/s - 180W - 85 kh/w. |
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on yobit
24V: 0.07 BTC
'Devs' buying some of their own coins to create volume and to encourage others is not unheard of. |
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x11 hasn't been worth mining for quite some time. I kinda doubt there will ever be a complete migration, there are a lot of mine bots (viruses) out there. When YAAMP was still up, there was something like 2200 neoscrypt CPU miners on it (which isn't profitable anymore no matter where you live). I have moved to Neoscrypt from Quark. Lower energy cost and more stable.
I would like to mine Lyra if the miner can be fixed on the 970. Same hashrate as a 750ti doesn't work.
Talking about bots, a few days ago checking how Vertcoin was doing I found out that on ipominer pool one single miner called Danila (the name has been associated with infecting PC's with cpuminer/sgminer) had around 70% (11gh/s Lyra2RE) of the TOTAL network hashrate for VTC. And he was finding the blocks as well so no exploit. At the same time, he also had 52% of the total Feathercoin network, 13% of the total Startcoin network and 3.5% of ZRC. That all adds up to around 21 BTC profit everyday. The ipominer owner hid the figures for some reason  . More can be read in the VTC thread. |
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I presume those numbers are btc/GH/s/d. They seem way off compared with a week ago on yaamp
and what is currently reported on miningpoolhub (SRC .32, QRK .22). And I have no idea about SAK
except that I can't find anywhere to trade it.
The numbers are blocks per day * block reward * price. So the numbers represent the whole pie that's being distributed to all miners each day. You could throw infinite gh/s at BitQuark for example, you'd still only earn ~0.01 BTC a day. http://coinmarketcap.com/currencies/sharkcoin/#markets |
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Heh, Ipominer no longer shows individual user hashrates on any coins. Gee, I wonder why.
Well, they're making 3% off him and have been for months on various coins- so its of course in their financial interests to protect him. It's in every pool's interest to protect all users, of course. We've long debated making changes like this, but I always argued they were unnecessary and that 100% transparency was worth pursuing. Prior to this there's never been a problem with user privacy becoming an issue, as the pool has been small enough and users have apparently been discrete enough. But, never let it be said that I can't admit being wrong As the saying goes, "this is why we can't have nice things". I'm extremely hesitant to go into details about any user, but I'm able to disclose some basic information in this case, and that link actually explains quite a bit if you read closely and can ignore the obvious inherent bias of the site. From http://www.bleepingcomputer.com/virus-removal/remove-cpu-miner : "It is important to note that CPU Miner is bundled with and installed by free programs that did not adequately disclose that other software would be installed along with it. Therefore, it is important that you pay close attention to license agreements and installation screens when installing anything off of the Internet. If an installation screen offers you Custom or Advanced installation options, it is a good idea to select these as they will typically disclose what other 3rd party software will also be installed." Now, I agree that bundling additional software for installation isn't the most user friendly thing in the world, and in an ideal world it would be done away with. However, it is an established and valid practice, and it does allow for software to be freely distributed which otherwise wouldn't be. Since there were questions about a "botnet", it's worth noting that I did look into this, quite seriously, and received compelling documentation about the legitimacy of all mining, appropriate terms/licensing in place, etc. That site throwing a label of "virus removal" onto it sounds catchy, but anything that can be removed with "Add or Remove Programs" hardly seems to fit that description well. It's pretty clearly a bundled installation item that's able to be uninstalled as normal. Beyond that, it's worth noting that increases in mining across these coins have arguably caused price increases, which benefit everyone - especially long time holders of the coin. I personally am fairly hesitant to argue too hard against a combined increase in both hashrate and price being a positive thing, in any case. Obviously one can argue for the importance of diversification of mining power, but that's more the case that the collective "we" as a community for each coin needs to do a better job in getting people interested in mining it, than anything else. Frist off, you are not a small pool by any means when you earn about 0.62 BTC a day from that one guy alone, which you do. Congratulations to you and I get that you don't want to part with that stream of revenue and you sure don't have to but you also don't have to try cover it up with oh user privacy becoming an issue and that you value transparency yet you hid all the relevant information from users. We're talking about a username, not doxxing someone. Sweeping it all under the rug might make you look like you're not just trying to protect your profit but you're also involved. Secondly an unwanted power wasting software sneaked onto systems is not just another program between chrome and windows calculator; it's a malicious payload. The only reason significantly increased hashrate could ever increase the price because it's making it more expensive for general miners to produce a coin so the price floor could potentially increase since miners tend not to sell below cost of production. That benefit, however, is more than offset by the element of centralization - regardless of your pool. |
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Heh, Ipominer no longer shows individual user hashrates on any coins. Gee, I wonder why.
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or just mine at nicehash. They pay around 0.45BTC per GHASH now..
0.29 right now. What the hell is happening with quark coins? Time to investigate... Here are a few quark coins with how much BTC worth of coins are getting mined each day with current prices: BitQuark (BTQ) ~0.01 BTC; MonetaryUnit (MUE) ~0.031 BTC; QuarkCoin (QRK) ~0.057 BTC; Dimecoin (DIME) ~0.11 BTC; SecureCoin (SRC) ~1.51 BTC; SharkCoin (SAK) ~65 BTC. Sharkcoin started blowing up since early May, its price increased close to 10x and now the nethashrate is around 120-150 gh/s. Make of the numbers what you will. Ps: I feel like I forgot at least one relevant coin but can't figure out which. |
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This is the claim they seem to make: Secure & Private
100% client-side wallet.
Private keys never leave your browser.
No data is stored on server.
But one can never be sure of these things, no web wallet can be fully trusted. Malicious wallets can grab browser data even if you run it in a sandbox if the browser's user data folder is not set to be restricted. Phone 2FA for exchanges help with that but a browser alone - to me at least - is not convincing to trust it with significant amounts. I'm not trying to take away anything from them but just because the private key doesn't leave your computer doesn't mean there aren't other critical points that can be compromised. I only trust MultiBit. It doesn't have autoupdate feature so it can't go rogue with a pushed update but a website can always change. And as I was trying to check the site I've got "Backend server connection error". |
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I'm starting to like full POS coin, just because they avoid all the miners dump in loss to destroy the market. But I'm getting pretty diffident in investing in ICO coin, one is good hundreds are shit. It's an hard decision, at least this one has a nice graphic, many times it's more important than the product itself.
Miners protect the network and create trade volume by selling (if there's buy support of course). Mining also prolongs the distribution of the coin if the PoW period have a healthy duration and not just throw all the coins out there at once. And miners usually don't sell their coins cheaper than what it cost to mine them which creates a floor price. As oppose to mining, generating PoS coins cost absolutely nothing therefore they are worthless. The only value these coins have solely depend on how many people a random guy claiming to be a developer can convience to sell his magical internetcoins to, which he just created out of thin air. I can sell you some bottlecaps too, $20 a pop but they are magical and you can even touch them... And if a coin is mineable then a lot more people will get involved with the coin than a handful of gamblers who don't mind giving money to a stranger and rewarding scammers in the process. There's nothing wrong with gambling but calling it investing is borderline delusional. If you say things like "a nice graphic, many times it's more important than the product itself" then you're not making a calculated investment, you're throwing money at the wall hoping more would bounce off. Please also "invest" in playing poker with me. Besides, traders are looking for profits just as much as miners and if a coin has no prospects of having real world usage both of them will dump all the same. And realisticly, PoS in crypto is complete garbage considering how short coins last before dying. Like what's that yearly 1% (or even 10%) will do to you when the price will swing more than that on a daily basis. |
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