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381  Other / CPU/GPU Bitcoin mining hardware / Re: Watts a typical house can handle? on: February 15, 2014, 06:53:38 AM
I just found out it's 15 amps.

how many watts do you think my computer and 3 monitors, a laptop, small refridgerator all use?

I'm guessing I'll be lucky if I can run two Antminers, which take up 800 watts total?

If you have 100 amp service doesn't mean you get to use all your 12x100=12,000 W so your question is incorrect.

It's "per breaker" so if you have a 15A breaker that gives you 1800W and it will blow once you get around 2000W so if you have 4x 1200W rigs each will take over a complete 1800W breaker. The remaining 600W will be unusable, unless too want to hook up a lamp or something. Basically from the 12000W maximum you probably can manage to get maybe 5000W in rigs plus the rest of the house microwave toaster hair dryer etc. And even if you use the 5000W you have to spread them arrive the house which is not practical. So count on maximum two to three 1200W rigs.

Remember a part of that 100A is dedicated to your washer/dryer. A portion is also dedicated to your kitchen.
382  Alternate cryptocurrencies / Altcoin Discussion / Re: The demise of DOGE and how it is affecting our income on: February 15, 2014, 01:24:25 AM
Doge is doing way better than anybody could have ever hoped for. You were lucky to be making $23 a day, and you are still lucky to make $12. Another month and you will be down to $5, regardless of how many shitcoins are made. The money has to come from somewhere. It's not like each shitcoin is bringing in new money. A dogecoin is rare, the rest of these shitcoins are bought by the same group of speculators, and adding a hundred new coins a day isn't going to magically bring in new money.

The money sadly comes from those who spent $15,000 on BFL and other ASIC equipment and now making only 0.01 BTC/day but they still run it bcase it has no reasonable resale value.

If BTC owners decided not to buy alts then shitcoins would die.

If a DOGE - US$ trading exchange opens up then BTC would die.

Huh. You may want to reference a mining calculator. When KNC's Jupiter was released, it was set to hash at 500 Gh/s and you could get it for $8k. Even right now, that gets nearly 0.1 BTC/day. Scale accordingly for $15k.

Not sure how you got your numbers...

Thanks for the correction, yes my numbers were off by a good scale.

My point is in cost of ownership, depreciation in other words:

$8k in GPU RIGs, would be equal to about 4 rigs totalling 11MH/s and makes about 0.1 BTC/day
$8k in KNC Jupiter will also make 0.1 BTC /day

After electricity. BUT and here is the big BUT:

$8k in GPU RIGs is worth $5000 in two years - NET COST $3,000
$8k in ASICs is worth $1500 in two years - NET COST $6,500


Look at what happened to the $90 USB miners the 333 MH ones, they are pretty worthless now even the 1.6GH/s ones. So depreciation was almost 100% on those.
383  Alternate cryptocurrencies / Altcoin Discussion / Re: The demise of DOGE and how it is affecting our income on: February 15, 2014, 01:00:06 AM
It's not that Network hashrate has doubled overnight, it's that DOGE went through it's first halving. 

This is the way most Cryptocurrencies reward early adopters and/or increase the value of the coin.

The reward is random, but where the other day the reward was between 1-1,000,000 DOGE coins, it's now going to be 1-500,000 DOGE Coins.   And then while later it will be 1-250,000 DOGE coins and so on. 

What it is supposed to do is make the coin more rare, which should increase the value of the coin.  If you think Market cap, which alot of people believe in,  There use to require X number of dollars in the DOGE currency to keep it at its current value.  Now that amount required is half what it used to be, so it should allow the entire value of the coin increase.   In a perfect world/vacuum it would take a coin worth 250 Satoshi, and eventually make it worth 500 Satoshi. 

It's not dead yet, but from seeing the network hash rate and difficulty diving you would think it was.   

I didnt say network hash doubled, in fact I stated the opposite. DOGE difficulty went from 1900 to 1200 overnight so many people left mining it. Its value ALSO dropped from 270ish to 230ish. So Satoshi's assumption did not work. The value woulnt go from 250 to 500 overnight because people didnt work that hard to make it. In the future few months it may go up there but not right away.

Rarity in Crypto does not produce value. Look at the very rare 42 Coin, its crap. Look at DOGE, billions available and being produced daily and even they mentioned there will be no cap in production of it out of thin air, and STILL the value went up.

384  Alternate cryptocurrencies / Altcoin Discussion / Re: The demise of DOGE and how it is affecting our income on: February 14, 2014, 10:13:04 PM
Doge is doing way better than anybody could have ever hoped for. You were lucky to be making $23 a day, and you are still lucky to make $12. Another month and you will be down to $5, regardless of how many shitcoins are made. The money has to come from somewhere. It's not like each shitcoin is bringing in new money. A dogecoin is rare, the rest of these shitcoins are bought by the same group of speculators, and adding a hundred new coins a day isn't going to magically bring in new money.

The money sadly comes from those who spent $15,000 on BFL and other ASIC equipment and now making only 0.01 BTC/day but they still run it bcase it has no reasonable resale value.

If BTC owners decided not to buy alts then shitcoins would die.

If a DOGE - US$ trading exchange opens up then BTC would die.
385  Alternate cryptocurrencies / Altcoin Discussion / Re: The demise of DOGE and how it is affecting our income on: February 14, 2014, 09:28:06 PM
What you are doing now is wrong, ask yourself what happened to those who sold Bitcoin when it was $ 1-2

I have not sold and will not sell anything for at least 6-8 months, after that i can analyze what to do.

The price is low for all the coins only because too many throw them on the market as soon as they arrived 

Selling or holding is irrelevant to what I'm saying.

I'm saying I was making 0.028 BTC /day and now its 0.018 BTC/day overnight (before power). There is a sudden overnight increase in hashrate.
386  Alternate cryptocurrencies / Altcoin Discussion / The demise of DOGE and how it is affecting our income on: February 14, 2014, 08:26:49 PM
So as of this morning, my 2.6MH/s RIG that used to produce avg $23/day has suddenly dropped to $13/day (based on Coinbase USD prices and me mining profitable coins shown on coinwarz and actively switching between the top coins). I am struggling to find coins that are not on coinwarz to I can mine those and be safe from the crowd impact but they are becoming harder to find. SMC, LEAF, DOGE, DGB were my favorites with all constantly returning $23 avg after electricity.

Are we feeling the impact of the DOGE community abandoning DOGE mining and pouring all over other coins? Just like the massive traffic around a sports stadium after a sold out game ends?

Can someone please make a popular coin so it fills hte void created by the DOGE demise? Contrary to what a lot of people think, it is great that we have new shitcoins come out every day otherwise the income from LITECOIN alone would've been negative already with the huge crowd doing Scrypt mining. In other words, please make shit coins like MOON and take away the hashing power so we can breath!

OR

Is this sudden increase in massive NET hash power overnight because of the flood of new AMD GPUs that are getting delivered, or becoming more in stock lately with tons more scheduled for delivery by the end of Feb at most online stores?



387  Alternate cryptocurrencies / Announcements (Altcoins) / Re: LAUNCHED![pandacoin] The Panda Coin ♥ Scrypt Adaptive-N w/Kimotos Gravity Well ★ on: February 14, 2014, 07:15:14 AM
3 BILLION premined (and probably more instamined).

Anyone mining this is crazy.

Any currency that will win this battle of the garbagecoins will be ZERO premined.
388  Other / Off-topic / Re: running a mining rig inside a mini fridge on: February 14, 2014, 07:00:57 AM
LMFAO you should put a couple fish in there!

You can find the cooling performance and everything else for this beast here. It's a pretty good read Smiley

EDIT: "Under full load with Prime 95 (16 threads) and FurMark (multi-GPU mode), our test system pulls a staggering 820W from the wall! That is a lot of heat to dissipate. We used Antec tri-cool fans on the radiator, and we tested the system with the fans on low speed (very quiet), and on high speed (no so quiet). Even with the fans on low, the system maxes out at just over 60C." Jealous yet? I know I am!
So is it possible to put fish in there or not?  Cheesy

I'm going to say no, 60C is quite warm.

Hey its been over 8 months already, is the oil BOILING yet?
389  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-POLL] TRADING PAIR SUGGESTIONS FOR COINMARKET.IO on: February 14, 2014, 06:44:05 AM
Hi,
Is there any chances to add Grumpycoin/BTC and Gtumpycoin/LTC? Coin is similiar to DOGECoin with similiar reward . Has good and growing community, appeared at http://cryptorush.in/. Now added KGW and low premining. Could you think about it?
Thanks a lot.

Regards.


You should NEVER add any PREMINED coins. They are worthless. WTF does that mean, low premine??

NO PREMINE COINS
390  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-POLL] TRADING PAIR SUGGESTIONS FOR COINMARKET.IO on: February 14, 2014, 06:42:59 AM
Please add NYAN coin.
391  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] Next cryptocurrency candidates for CoinEX on: February 14, 2014, 06:39:26 AM
Please add NYAN coin
392  Alternate cryptocurrencies / Altcoin Discussion / Re: Are most of the POOLs owned by theives? on: February 13, 2014, 08:15:13 AM
I am guessing that most pools do not take into account the block speed and the % of stales in those estimate calculations.  Just within the last couple days I was mining on a pool that had the reward wrong on the coin I was mining by HALF, so my rewards were less than half of those stated.

I have NO doubt that there are pool operators who are skimming off the top.  Do your own research and understand how stales and block times work into the equation, but never expect the estimates are anything more than just that - estimates.

The stales, orphans, hash rate fluctuation, pool fees, TX fees all add up to maybe 5%. I am talking about 50% less coins received from the pool compared to what coinwarz calculates as daily avg, not even considering the spikes.

multipool.us is one of the worst in my experience.

I guess there is no limit to GREED.
393  Alternate cryptocurrencies / Altcoin Discussion / Re: Why coins are used to be halved, but not something like 80%, 75%? on: February 13, 2014, 08:08:08 AM
I dont think the first two posters understood you.

I think you are saying instead of the coin-per-block reward be multiplied by 50% every few months or so, why doesnt it get multiplied by 80% every few weeks.

I think its a great idea. Just another thing Satoshi put in bitcoin to make it useless. Like its 10min confirmation and the ability he left in there to make new altcoins left and right, plus the limitation that forces us to use pools and losing 30% of our coins to the pool owners. A lot is wrong with Bitcoin's logic and I still have not even gotten to the technical issues like the malleability thing.
394  Alternate cryptocurrencies / Announcements (Altcoins) / Re: CoinMarket.io | New, self-moderated support and news thread. on: February 13, 2014, 07:49:19 AM
This exchange is a breath of fresh air in the crypto exchange zone. From crawling slow coinex.pw to up and down openex.pw and solid but missing 90% of the coins BTER to zero traffic swisscex, and finally our good friends we all hate to love at Cryptsy where you never see your deposits unless you prove them with a TX ID, we have seen it all.

This exchange has a great future. I just wish it had more coins.

395  Alternate cryptocurrencies / Altcoin Discussion / How are altcoins going to take over daily transactions if... on: February 13, 2014, 06:46:22 AM
How are altcoins going to take over daily transactions if it takes me 24 hours - 48 hours to send coins from my pool to Cryptsy.

So one day supposedly I can go in a store and pay with altcoins and buy icecream and pay? Or would it take 24 hours before I can leave the store?

This does not line up with the original thoughts Satoshi had on digital currency.
396  Alternate cryptocurrencies / Mining (Altcoins) / Re: [ANN][POOL][MULTI] Hash.so multicoin pool with easy coin switching, 31 coins! on: February 13, 2014, 06:39:14 AM
Hey there..
Been checking in over the last week, and getting no hints on the IRC channel so thought Id ask here.

Whats up with DOGE? Steady 45 or more Mhash on the pool every time I've checked in, yet no blocks for a week. I had to switch my mining to other pools for a while, even though this is my favorite. A lot of the time Doge is just too profitable to ignore, even though I do like a lot of the alternatives you provide.

..any plans on bringing it back? Just really really bad luck?

Also, for those who ask for updates on individual transfers to Cryptsy. ..I hope you're waiting at least a day before panicking on this. They can be faster then that, but often they are just really really slow. Of course if the transaction isn't even started that isn't the problem, but they're pretty well known for being slow. This is -especially- true when they're busy. So if theres some big rally, dont plan on sending your coins and getting in on it within the hour. Too many stories, and my own experience over quite a lot of transfers show its just not going to happen.

The dogecoin pool on hash.so is too low on hashrate to have a good possibility of finding a block.  You will need to join a bigger dogecoin pool to get any coins in a decent time.

Leafcoin transfers from Hash.so to cryptsy is not working.  There is no transaction in the leaf blockchain itself.  Its not about cryptsy being slow.  OP hasn't been around to answer any queries recently so it is a little worrying. 

My leaf transfers to https://www.coinmarket.io/wallet are almost instant. Unlike Cryptsy that I cant deposit ANYTHING ANYMORE without the coins never arriving, opening a ticket, getting a response that I have to prove myself, then digging in the pool TX ID and replying back to Cryptsy and waiting another 24 hours. Cryptsy is getting really bad.
397  Alternate cryptocurrencies / Mining (Altcoins) / Re: [ANN][POOL][MULTI] Hash.so multicoin pool with easy coin switching, 31 coins! on: February 13, 2014, 06:37:00 AM
Great site and I love the switching feature! A few suggestions:


1. Please add NYAN coin, CRAFTcoin (#1 on coinchoose most of the time), ORBIT (#1 on coinchoose a lot of times).

2. Your doge pool does not show TX ID, so Cryptsy doesn't give me the coins I sent from your pool because I have NO PROOF. The transactions tab under doge.hash.so does not show hyperlinked TX ID where I can click or copy and paste.

3. Please add a second pool switching drop down menu like the one you have to switch workers to let user browse to the other pool  WITHOUT switching the workers just to check out the pool difficulty and I do this sometimes on my phone or even PC and its not as easy as a dropdown.

4. The homepage hash.so and www.hash.so both go to csc.hash.so. Is that how you designed it? Doesnt make sense.

5. Would you please make a main page that shows the status of all your pools in one page? like your home page? like people talk about your automatic switching, I have no idea where to find it.

6. Your DOGE pool is stuck and doesnt find a block. Something is happening. Wasted a lot of hours of my rig on that.
398  Alternate cryptocurrencies / Mining (Altcoins) / Re: 6 R9 280X PSUs on: February 13, 2014, 06:24:17 AM
Are you guys saying 2 x 850W PSUs can run 6 x 280x GPUs plus MB+CPU+HDD? I am in the same boat but dont have my cards yet.
399  Alternate cryptocurrencies / Mining (Altcoins) / Re: Won't boot with GPU installed on: February 13, 2014, 06:10:37 AM
I have had similar problems. I went through every possible thing that could go wrong. Three motherboards did similar stuff, lighting up and not booting, or not even lighting up all on their own. One Sapphire 7970 card that was 1 week old just stopped working on me, I shouldve sent it for warranty instead of returning it to Amazon because I had got a bargain $299 on that.

When I saw the thread I thought it may be a power issue but with 1000W you dont have that problem.

Try a new PSU. I think you have a power issue or short, thats when computer would not turn on at all because PSU wont supply power if there is a short (or overload, same thing). I had a Rosewill 1000W PSU burn out and computer would not start at all. 3 motherboards burnt out back to back finally I got luck with a really low quality bad reputation $80 MSI MB but only has 4 PCIE slots.
400  Alternate cryptocurrencies / Mining (Altcoins) / Re: Possibly malicious pool owners **URGENT** on: February 13, 2014, 05:49:11 AM
Last night, amid complaints of fraudulent withdrawals from many of our miners, we at Hackshard launched a full investigation into our databases, websites, and other software with the goal of identifying and eliminating whatever faulty code, hardware, or security hole had caused miners to lose their coins. We discovered no fault in the cronjobs, databases, stratum servers, wallets, or any of the other various components of the Hackshard mining pools. While this did confirm that the Hackshard infrastructure was not at fault, our findings hinted at something perhaps even more worrisome. We found that several dozen miners had recently withdrawn to a single address: the same address as that which many of those claiming fraud had presented to us as having stolen their coins. Given the extreme unlikelihood of so many miners being host to the same keylogging virus, and given the complete lack of evidence that our own pools have been infiltrated by malicious agents, we have concluded that the issue could only have arisen from miners using identical login credentials with multiple pools. If this is the case, with a significant portion of our miners having been victims, we further conclude that only one with access to the database of a rather large pool could have been the thief. As such, we request that all miners who have been affected by this theft respond immediately with a full list of pools which they have recently used so that we may attempt to identify the malignant pool. We further request that all pool owners search their outgoing transactions for multiple usernames withdrawing to a few addresses.

We strongly urge everyone to use separate credentials on each and every pool he or she uses and to enable automatic payments. If you have been using the same username & password on multiple pools, change them immediately.

If you lost any coins from a fraudulent withdrawal and you use the same credentials on other pools as you do on the pool you were stolen from, please change your passwords on all pools and then contact the owners of whichever pool you lost coins on and tell them which pools you used the same credentials on. In this way, pool owners can attempt to find a common pool among miners bereft of coins.

For example, say you have the same password on pools A, B, C, D and your coins were stolen from pool C. Change your passwords on every pool immediately and then contact the owners of pool C, telling them that your coins were stolen and you had the same credentials on pools A, B and D. If enough miners do this and pool owners co-operate, we should be able to figure out which pool stole the coins.


You missed the whole point.

1 out of 100 pools get hacked and coins get stolen. What, like $2 worth of coins that had yet to hit your automatic threshold for payment may be at risk. Is that what you are worried about? I dont care if all my pools get hacked. Most I would lose is $10 and that would be a one time thing.

90 out of 100 pools steal coins you mine. Compare your rate using coinwarz then watch how much you actually mine. Most pools steal about 30% of what you mine and only show 1% fee. Now that's a loss of THOUSANDS OF DOLLARS in a year continuously.

And no one knows or cares about it. I even started a thread and didnt get a response. I guess P2POOLs don't have this issue because they are not centrally controlled? Not sure.
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