TY man. Had a good idea of most of it, just wondering where they were getting profitability from.
its pretty easy actually... for your hash rate.. calculate how many LTC you will get in a day... multiply that by the BTC exchange rate. If you get 0.15BTC.. then you compare it to how many BTC a day you get mining BTC.. if that is 0.10.. you have a profitability of 150% |
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this is merely a bubble created by a pump-and-dump skammr
*ducks*
considering its been extremely stable the past few days.. i'd not necessarily say thats the case. I think the blockchain issue helped push some people onto alt coins (or atleast give them some time to check them out) |
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FYI
There are still some not withdrawn coins in pool's NVC wallet.
Please withdraw them before Mar 15, 2013
are you not able to do a database wide change of users withdrawl limit to 1 and then just allow the auto payment system to handle it? |
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I just hope they REALLY know what they are doing when it comes to protecting themselves from whatever authorities they might anger with whatever products they allow to be sold. that said.. i'm glad LTC is getting more attention  it is a good extra blockchain to help alleviate the load off of BTC |
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biostar 870 with 2 16x slots 2 1x slots or MSI 970 with 2 16x slots 2 1x slots
two 1x to 16x ext cables
amd 130/140/145 sempron
cheapest 1g or 2g ram stick you can buy
up to 4 radeon 5770, 5830, 5850
rosewill 650w, corsair 650w power supply
2gb flash drive with bamt installed
thats the cheapest system I can make your still talking about $600 for that with 4 5850 cards
which will make you about $5 a day mining btc at current rates after 10c/hr power
I'm not getting into whether thats a worthwhile investment at this point. Just telling you what will work well at the cheapest price point
People have been saying gpu's were a bad investment since about last june and have been wrong so far.
I'd recommend 4gb and then running windows 7 (DONT buy a license key!) I've been able to run my 2 secondary rigs just fine since october with never activating. Every 60 days I reset the activation timer by going to the command prompt and using "slmgr rearm" command (do this as admin). windows is SO easy to use compared to linux.. that and I was never able to get bamt to boot up properly, so I went that route... it's just another option. |
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psh.. i'm making FAR more per day now than I EVER have been. this is PRIME mining season!
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One miner on terracoins have 51%+ power
As of now, global hash rate is 51.4270GH/s
One miner, on Coinotron is hashing at a rate of 45.813GH/s
Is it bad? Probably he's not malicious, but he could if he wanted...
Edit: Ah, he just left!
Actually his max hashrate was ca. 130 GH An ASIC perhaps? That would be interesting to see! Testing an ASIC on TRC. :-) I'd do it if i had an ASIC... those things would be one big alt coin vacuum! just mine different coins for 30 minutes here and there and get the equivalent of what i'd get in a day at 2.6 ghash. |
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ladies and gentlemen:
this is why the "bankers" make a LOT of money. they are EXTREMELY good at what they do and WAY more money is on the line every hour vs what bitcoin deals with in a year.
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you understand that bitcoin protocol just failed right?
the protocol is working PERFECTLY. it is the software that a certain OLDER version that did not work perfectly. |
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A lot of the time I can get my "tahiti 1-0" to run fine.. but then when creating a second worker for "tahiti 1-1", exact same settings.. it won't start. As in.. clicking "start" literally does nothing. Like the button is broken...
*shrugs*
That said.. this is a GREAT start so far.
I REALLY recommend that you mention the "point miners to localhost:8332" in the stratum proxy worker page. It is NOT obvious at all how it should be correctly set up and it greatly confused me until i reread the first post of the thread.
What miner? Usually the program does nothing like that if the miner for some reason throws an error. If you could dump the error from the miner here by dumping what goes out to the console, that'd be super helpful (the console logs all errors usually). To see the console, select View --> Show console. The other thing is that if it's a reaper instance, you can check the files that the GUI creates for the miner instance by opening the guiminer folder, and looking for a folder called "reaper-yourminername". Within that folder should be reaper.exe and a bunch of other files. A dump of the contents of reaper.conf and litecoin.conf might be possible; if those are the only two files in the folder, something has gone wrong. Additionally, if you find a reaper folder within any folder other than the guiminer folder (eg /reaper/reaper-yourminername/) something has gone wrong. Yup, it was reaper. I will download the newest version and try again. |
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A lot of the time I can get my "tahiti 1-0" to run fine.. but then when creating a second worker for "tahiti 1-1", exact same settings.. it won't start. As in.. clicking "start" literally does nothing. Like the button is broken...
*shrugs*
That said.. this is a GREAT start so far.
I REALLY recommend that you mention the "point miners to localhost:8332" in the stratum proxy worker page. It is NOT obvious at all how it should be correctly set up and it greatly confused me until i reread the first post of the thread.
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currently it shows LTC diff at 35. .while diff has actually been 38 for a couple of hours...
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from the video submitters own comment:
"To be perfectly honest, I know very little about BitCoin. I only knew these had BitCoin potential when a friend mentioned he was buying an FPGA BitCoin mining rig and I mentioned about these FPGA cards I had. He had a look at them, checked the part numbers on the FPGAs and came back with a calculated potential of 21 Ghash/s across all 16 FPGAs based on the number of gates and the speed."
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I have paper btc wallets, guess I'll figure out the ltc ones. Can Litecoin-Qt be run concurrently with bitcoind or bitcoin-qt without effect? Not meaning to hijack the thread, but it may solve the problem.
I think so, since it operates using a different port. i typically run multiple QT coins at the same time. works just fine. |
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I am looking forward to this. I hope to one day be able to easily SPEND my btc on stuff I want, and not feel like I have to sell on an exchange and then just buy in USD.
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I'm glad to see you guys back. You are fast adopters for new alt coins and it makes it FAR easier to try them out |
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you guys were really lucky to sell on time, those that did. but you couldve easily been watching bitcoin climb to 60 instead. it's not worth the risk. win this one, lose next time, there's no method to it.
Of course it is method to it, it is called technical analysis. How would you explain technical anlysis of BTC currently? It isn't a company, doesnt have EPS, doesnt sell products... If anything MORE people find out about it daily, more companies are finding ways of increasing its uses in commerce. It seems like the technicals are getting stronger daily. |
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ouch. Thats 180 gh/s worth of asics at $40/btc at least 50+% of the mining network composes of btcguild, ozcoin, slush etc (IE great guys who won't LOL in your face and take your coins) |
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1. VERY limited supply
2. Value of allowing a more P2P type of e-commerce and money transfer
3. Attracts those who dislike the current government/banking system the fiat fiscal markets are run by
4. limited supply = as more people want in and to have BTC, the harder they will become and the more rare something is the more value it has.
heck.. look at gold.. a shiny element thats $1650 an OUNCE, and you can't spend it hardly anywhere.
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Right, I know very little about BTC (I own a glorious 10 lol), but I know my stuff when it comes to websites (14 years experience, CTO).
Let me tell you that there's going to be drama all around when the market starts dipping. Today Bitstamp is taking 15 seconds to load on my account page and there's barely any visits to that site compared to MTGOX.
In the realworld, yes the exchanges can crash, but that's incredibly rare, and these things are built with redundancy in mind and are load tested to the hilt. Even when they take a nose dive, the operators have clones ready to get online. I mean I've visited some of the ones in London, and we're talking acres of server rooms, the best of the best connectivity, the best of the best hardware, dedicated fiber they've dug themselves, triple redundancy.
As far as I can tell none of the BTC exchanges publish what and how they host their websites, and if looks are an indication of the code quality (which more often than not it is), then we're going to be up s**t creek with no paddle as we panic to try and sell our coins only to be greeted by 503 server unavailable errors.
Just sayin'.
Welcome to the still relatively "amateur" world of bitcoin. I'm sure this still will start to improve as it becomes more and more worth the investment to have better services and redundancy. Just in the 7 months i've been in the 'scene' the level of professional services and companies getting involved in the ecosystem is greatly increasing. |
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