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I am seeing this signature EVERYWHERE... not going to lie.. it is pretty friggin annoying..
54Gh/s bASIC Bitcoin Mining Devices
Pre-Order Yours Today!
Only $1069.99 !
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I don't think there will be any LTC ASICs any time soon. I suppose its possible, but LTC FPGAs are a whole lot more likely. LTC FPGAs I'd be happy and fine with. ASICs, ehhh. They have caused too much controversy so far, so I'd rather that they stay away.
As a GPU miner.. i want SOMETHING to stay relevant  It feels like 2010 in the LTC world right now. |
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come on guys.. this is LTC land.. currently free of impending doom of ASIC and block halving..
(im kidding)
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Is Litecoinpool down for anybody else?
It was down for a few minutes a few hours ago. None of my miners were connecting to the pool and I saw on the site it was down to 30mhash combined. |
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Unfortunately we can not publish the source code. You can track the behavior of the program and with WireShark and ProcessExplorer to make sure that there are no malicious instructions. We never stole Bitcoins from our users and even paid extra in case of failure on our side.
crazyates, We recommend you do not store wallet unencrypted, even on your mining rig.
The concern is that a "random program", which to this community is anything that is not specifically trusted or open source can install malware, keyloggers, trojans etc. Even if the wallet was stored encrypted a keylogger can easily track your password, then copy away the wallet.dat and easily have access to all of one's coins. |
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It's a mystery to me why miners with this much power aren't solo mining.
Why do you think it is that big of an issue to not be solo mining? Espescially with a pool where it is only 2-3% fee, I find the ability to easily track online the stats of the work and to more easily know that everything is working correctly worth the price of admission. Unless there are benefits above and beyond just the fee % savings? |
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also keep in mind that memory clock matters.. core clock does NOT have to be as high as BTC mining formax hash rate. on my 7950 my LTC hash rate is the same if my core is set to 1000 or 1175. Keep that in mind.. If i drop the core down to 930, then I lose about 2-3% speed. Note that this results in a pretty good power savings over BTC mining as it takes quite a lot less voltage and wattage to run the card at 1000 vs 1175 also with the settings above on two cards I am getting a combined speed of 1150 khash. |
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Difficulty won't go up unless price goes up. (or at least economic incentive)
This argument makes very little sense. Difficulty is strictly linked to the TH/s effort the miners are putting into generating new BTC blocks with an optimal target of 2016 blocks of 50BTC/block every 2 weeks (100,800 BTC or 7,200 BTC/day). If tomorrow the mining effort double, the difficulty will be adjusted in order to reach the 2016 blocks/2 weeks target with a maximum increase of 4-fold per adjustment period. This is a rather clever approach since it will allow for a reasonably steady BTC mining over the years. What he was trying to say is.. once mining hits an equilibrium.. a level where it is JUST profitable enough to maintain current levels.. at that point difficulty is theoretically determined by price. If price drops, people would quit mining that coin and difficulty follows.. if the price increases.. then difficulty starts to go up as people buy more hardware or turn back on hardware. This occurs until that equilibrium is reached again. |
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how many cards have you got?
and what model's
Around 75 GPU. I have those models: 5770, 5830, 5850, 5870, 5970, 6770, 6950 cooling and power... how do you do it? I coudln't imagine finding a way to deal with the heat from THAT many GPU's. |
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Dalkore, Have you got our email? Any plans to introduce merged mining with the other cryptocoins that are available to do so?
Yes, we have such plans. That cryptocurrencies you want see on our pool? I am greedy, I personally want to merge mine everything that is available to do so, someone somewhere will want them I figure. If I had to pick just one; Namecoin. yay for a pointless worthless coin where the client is hard to use? |
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I can tell you that ozcoin is run by a pretty good guy who is helpful and active in the community. It is also a medium sized pool, so you aren't supporting the giant's nearly as much.
There will also likely be longer round times, so time between mining a share and being paid for it is likely to be longer, espescially compared to a huge pool or a pps pool.
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"A similar dangerous myth is that internet websites are all legitimate, or that it is difficult to set up a website."
anyone who believes anything close to this needs to be kept as far away from the internet by their loved ones as a hammered person needs to be from a semi truck drivers seat....
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but... OP. just setup a dwolla account and fund it with your bank (i think they'll require some personal info though..) and then exchange dwolla dollars for MTGOX code with a forum member.
That's what I did, once i found out about the 30 day rule BS.
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What the fuck is up with Mtgox? I have used this service since they were still trading Magic the gathering bullshit
.....so THAT is what mtgox stands for? magic the gathering online exchange? |
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rocking 2 g/s. That's all the heat i can handle in my bedroom.
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Bigger picture I think the arrival of ASICs will be like the Industrial Revolution (in the US) impacted farmers - lots of small farms closed down or were consolidated into bigger, more efficient farming corporations. There were (and are) still plenty of small farms around, but the majority were replaced by larger, for-profit businesses. Bitcoin mining will go the same way. Mining farms will invest and buy tons of ASICs, some enthusiasts will run a few jalapenos for old time's sake, but most will sell their GPUs and (hopefully) start using their coins to buy and sell things.
This argument makes no sense really since it does not take into account the increase in difficulty that will result from a significant raise in overall TH/s that ASIC rigs will produce. Industrial revolution allowed more land to be farmed but it did not make it harder to get the same yield, in fact it was the opposite. Bitcoin mining is a totally different ball game altogether. With the ability to have for less than $10K 270 to 420GH/s of power and very limited electricity consumption, GPU mining will quickly become obsolete (read not profitable). Unlike farming, there is no gain in small MH/s operation (such as organic farming for example). ASIC mining will just become the new norm since anything else will be not profitable. That said, this will not happen overnight but I would think over the next 2 to 6 months. We shall see. quick.. somebody put out a youtube video saying that asic mined coins are tortured coins of low quality! buy organic GPU mined coins :-P |
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i like LTC because it is easy to mine than bitcoin and ASIC's can't destroy it
Incorrect. An ASIC can be built to mine litecoin. of course it can lol. They sure can, its just a LOT farther away from happening, along with the first halving of the block reward. |
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Litecoin has potential. Mining litecoin now makes me feel like a bitcoin miner in 2010 (I just jumped on the btc mining boat a month ago).
It is nice to actually make dozens of LTC a day while i'm restricted to .6 or so btc a day.
it is also a nice alternative that I want to support with some hashing power.
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scrypt is very memory intensive and the response to changes in clock speeds will be unpredictable. You may find keeping your memory clock at full speed and lowering engine clock will lower temps without affecting hashrate as much. Scrypt gpu mining is weird voodoo.
amen... getting the best performance out of a card is absurdly difficult to get. I have yet to find that sweetspot on my 7870s but got the config from a forum member for my 7950. Its like literally a 50% boost if you can get that perfect combo of settings and then BAM you get some nice khash. but on a side note.. I use reaper for LTC gpu mining.. i never could get cgminer to work well with it, but 5/6 series cards might be different. |
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