|
Although hardly possible to implement, the perfect coin would have reward diminishing as your hash rate increase. So, let's say you:
- Mine 100Mhash/s, you get 1 coin in a given amount of time.
- Mine 200Mhash/s, you get 2 coin in that same amount of time.
- Mine 400Mhash/s, you get 3 coin in that same amount of time
- Mine 800Mhash/s, you get 4 coin in that same amount of time
- Mine 1600Mhash/s, you get 5 coin in that same amount of time
So, you see that someone with 1024 times your power will get more than you, but only 10 times more. So you would get a chance with either a CPU or an ASIC.
|
|
|
|
Miners are the hard workers that drive the system and DESERVE to be rewarded. That's why they deserve a FAIR coin like litecoin.
That's why it's probably one of the only altcoins that I see future in. However, you know that the creators initially taught that LTC would be CPU-only... GPU is the king now because it has massive parallel operations and massive memory bandwidth. In fact, even GPU are really bad at this task, but there just so many 'bad for this kind of job' units on the newer generation of cards that it surpass CPU. However, I can't touch LTC with my FPGA! So I keep to PPC for now, as it's twice as profitable than BTC. With the difficulty raise, it's good to know that I can at least avoid ASICMINER increasing difficulty for a little bit more longer! After all, I did hard work too with those FPGA design/programming/software interface/etc.  GOD I wish I'd heard of Bitcoins earlier... I heard for it the first time in August 2012. But I have my FPGA functional and mining since around new year (100% as a personal/hobby project), and even then, I added boards later and are at 2.2GH/s only since a month. Had I did this project a hear earlier...   |
|
|
|
ASIC can mine TRC the same as BTC. In fact, a lot of algorithm are the same. BTC, PPC, TRC, FRC, ... I have FPGA (actually that I build myself from telecom cards we have at out job... that happens to not sell really well  , so I give them a second life!). I have an array of those cards and do about 2.2GHash/s (2200MHash/s). To the FPGA (and it's the same for an ASIC), he doesn't know that a workload is BTC, PPC, TRC, etc. It's the same algorithm. So, point a few ASIC at those alt coins and it will for sure choke other miners (including FPGA miners). So, once ASIC is used, the difficulty will raise to the point that it's no more profitable to mine that coin. One of the following will happen: - The coin will take value as the difficulty increase so to remain profitable. Although only to some limit. - More likely, the coin value won't raise so much, and there will be an equilibrium between mining power and coin value. When BTC is more profitable, less people will mine that altcoin. And when altcoin become more profitable, miners will mass switch to it. Eventually, miners will get tired of switching between BTC and that coin (depending on the most profitable), and the value will just slowly decrease. But in the end, there will always be an equilibrium. In fact, it has always been, even a month or two ago. I do remember seeing that even when TRC difficulty was like 400~500. Now there's a surge of power only because of the latest jump in value. In fact, that scenario 2 is reached for TRC. Keep being more or less profitable than BTC, and what do we see, value slowly decrease... |
|
|
|
TWO DAYS?
gtfoh.
Yup, only the last 2 days have been "hopefull". I have to admit that I saw them as DOA since it's creation though |
|
|
|
|
Well, I had hope for it the last 2 days. buy/sell has raise to .00037/.00048. However, the last few hours, there seem to have more people who have abandoned ship (dumped) at .00037 that there is who bought at .00048.
It's still profitable to mine though... Just not worth buying/stocking in hope that the price will rise soon...
|
|
|
|
Finally, there's more TRC miners than the coins worth...! Coin Algo Blocks Difficulty Reward Price (BTC) % Profitability of BTC
Bitcoin SHA-256 226030 4847647.1520656 25 1.000000000 100.00%
PPCoin SHA-256 37119 36996.238 897 0.000450000 211.56%
Terracoin SHA-256 90411 16681.557 20 0.003850000 89.50%
Maybe the PPC will start having more trades! |
|
|
|
|
It's asking to run an applet. This looks dodgy...
|
|
|
|
|
rfJKRDH7tKCf7UT6TnEBawSEDvo63nUyVp
|
|
|
|
|
TRC had a huge raise lately. PPC however raised at a much slower rate. Do you think there will be a PPC-mania?
Profitability are similar between both currencies... And often higher for PPC.
|
|
|
|
One suggestion, add DevCoins and IxCoins, just to see the profitability  |
|
|
|
Think about it. In the main loop, there's 1024 memory fill rounds and 1024 memory lookup rounds (2048 rounds total). For each round, some processing can be done in parallel but each round needs at least 50-something cycles. So that's 100K+ cycles to get the result. The max frequency of an FPGA may be 200MHz, so 200MHz/100K cycles is something like 2K to 3K Hahs/s. Pipelining: All of this needs a 128K memory block for each try, so that's 128KB times 100K+ cycles. So we're talking gigabytes of memory. Access to memory from one round is something like 512 or 1024 bits wide (I don't remember exactly), so pipelining is pretty much impossible. The only thing good at this is a general CPU running at much higher frequency, using SIMD instructions like MMX. Or a GPU massive parallel and memory bandwidth. I did think about doing FPGA (note that I did a successful SHA256 'Bitcoin' implementation), but I did the math and we're going nowhere with LTC scrypt algorithm  |
|
|
|
|
I think that since the Bitcoin snafu, people are trying their bet on alternate currency.
|
|
|
|
|
It's still not up from the blockchain fork. That site really suck... And they have some of my coins in hostage during that time... Can't do anything but stare at the main page and a message that the transactions are down...
|
|
|
|
|
I messed up, it was terracoins... I adjusted original post...
|
|
|
|
|
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!
|
|
|
|
|
It is my understanding that it's still possible for the problem to occur, if someone keep mining on 0.8, right? As long at 0.8 is in the field...
|
|
|
|
|
Not just the client, but all the servers that rely on the old DB format are down too. Sent BTC to vircurex, and it does not see my transaction (stuck at 0 of 6 confirms). My client have long confirmed the transaction. So, it's affecting the whole ecosystem, not just 0.7 client.
|
|
|
|
|
I do have transaction that are stucked. Probable cause is that the server I sent to is with the old code, and don't see my transaction. My client (0.8 ) does see transaction as confirmed.
|
|
|
|
|
From what I read, 0.8 screwed the blockchain...
I made a transaction to vircurex. Confirmed on my client. Vircurex shows 0/6 confirmations. Maybe it's related...
Edit: Ah, I just looked, and it just jumped to 18 confirmations... On blockchain.info. A few minutes ago it was unconfirmed...
|
|
|
|
|
Show Posts
