They look amazing. Do you make these yourself at home? Or are there blanks out there that you print on?

It would be fantastic to get infrastructure such as pools/trading areas/securities set up well in advance of netcoin launching. If benny (or someone!) wants to set up a hashing company that will pay out in netcoins then I for one would happily buy shares for it in LTC or BTC and get paid dividends in netcoin.

If we can get a community up that will support it then it won't end up like the pump and dump copycoins that we've seen flash by.

Really excited by Netcoin, to be honest I've to date only considered LTC and BTC to be worthwhile.

I'm definitely interested I this.

Interesting stuff. Thinking about having a play around with this myself. Is there any opensource Scrypt VHDL out there? Or should I just roll my own with the SHA1 and mod the Salsa20 that is up on opencores site? I'm not thinking about mining or anything just to get some throughput data/energy costs etc and also work out what the problems are people will face who want todo it properly.

If all else fails I'm thinking of running it on top of a NIOS II implementation. Completely pointless but got to be worth a shot just for the laughs.

The main thing with buying an FPGA (or ASIC for that matter) for me would be electricity use. It would have to run at better than 5khash/watt at the very least to get my interest.

Is there any specs for the hash costs for a bitcoin FPGA/ASIC? The memory accesses would presumablyincrease the power consumption for a litecoin system.



Could you not voltage divide the 12v from the ATX and then use a 3v3 regulator? You'd want to divide first because you don't want to drop too much across a regulator or you'll be throwing away a lot of money as heat!

Also consider the running costs of using air con to cool your GPUs. It will increase the electricty costs somewhat.

How much does the build quality vary on 7950s? Wondering whether I should get an XFX HD7950 or get more of the Saphire 7950 (The Saphire costs about £50 more, that about $75).

Great to see "working class miners" out there still. In my opinion using coins is the only way a currency is going to work. People hoarding coins only work to weaken the coins longterm  prospects, sure they may make some personal gain but at the expense of the coin actually gaining real use.

I'm like you in that i mine and then either buy something with the coin or trade it. i cash enough coins into GBP to pay my electric bill and what is left over I try to buy something with or save it up so I can buy stuff later. My long term savings are at most 5% of what I've mined.

Presumably this is a fate that all smaller currencies that use SHA256 can suffer.

I have a theory that some are trying to undermine all the Alt-Currencies in a variety of ways not just by misusing their ASICs however with some weilding massive power with asics those using SHA256 are especially vulnerable.

Not good.

Thank you. Stats like that are always useful to know  




Oh dear!

Reliable as in they have a low failure rate or reliable as in the card have little variance between them so settings for one will be similar for all.

If it's failure rate what sort of wastage do you see? Very interested in this as it could make a massive difference if mining at scale!

Cheers
Trommie

It's not altruism at all its a business pitch. The person running the service gets a guarenteed income, the person renting gets a fully set up rig that they don't have to worry about and the payback can be a little gamble(depends on price of coins difficulty changes etc).

Rigs generate a lot of heat so someone who lives in a country with expensive electricity which is also warm would not only have to pay the few hundred watt every hour to run the rig but also have to pay the extra aircon to get rid of the heat! This might make this service more cost effective. Also remember it's not just about buying an extra card but also for some buying motherboard and power supply.

Assuming the price can be pitched correctly some people might think litecoins are going to be profitable for the next month but not for after that. So for them buying a rig and setting it up could eat a few days into their golden month, not to mention they may not expect be able to get enough returns to fully refund the price of buying cards/mobo/PSU etc in such a short amount of time but they calculate they would make a profit from this method. Also not all rigs are equal, tweaking settings can really make a difference to hash rates. This way someone rents a fully optimised set-up.

Perhaps someone just wants coins and doesn't want to run a rig and would prefer to use this method to signing up to an exvhange. Perhaps they are from a country where the internet or electricity aren't as reliable.  There's lots of reasons

It's a good idea and from previous replies it looks like Teka may be willing to be a little flexible on the price.

As with everything the price it is pitched at is key!!

Here's an example:

Lets say my rig cost $3 a day in electricity and can generate 3 Litecoins. Current rate is say 1L = 1.5USD. Someone wants 3 litecoins. they could buy off an exchange for $4.50 paying their fees etc or I can rent my box to that person for $3.75 for the day they can generate their 3 coins (assuming no change in difficulty over that time). Now I get guarenteed profit of 75 cents and the person may get cheaper coins. if the price of coins goes up they've done well if it comes down then my guarenteed profit over that day may be more than the what i would have got from mining myself.

I just need to pitch the price to rent my rig to someone who wantslitecoins and perhaps thinks that at the end of the 24 hours litecoins will still be worth $1.50 each or more

IIt's a beatiful little business idea. The difficulty for Teka, and others trying this is to make it into a proper business,

I am interested (despite the recent value drop in Litecoins). Will you offer a series of deals say price for one month/2/3months?Would you consider very short term rentals of a week or so or is this not in your plans? What overclock rates would you allow? Perhaps by spending time on your rig you could really optomise them far more than a newbie just playing with their own kit

This might even work as a way for people to pay for goods- instead of paying to an exchange they pay for time on your kit (perhaps eventually purchasing 30 cards hash for a day instead of 1 cards hash for 30 days), generate the coins they need and then use that to pay for what they want.

If you need to expand quickly perhaps you could act as an intermediary and rent time on cards from others (like me ) to resell for a slightly higher price.

 I'm thinking it might even help get a currency back on it's feet when a currency has been attacked like what happened to TRC recently... supporters could hire out your hash power to get things moving a little.

Seriously I've had loads of thoughts about the whole renting time on rigs plan.... I just don't have the time to implement it as a business.

All 760 BTC!! Nice one! Must be like you've won the lottery. i guess drinks are on you

If you want LTC you need to put in:

  --scrypt

into the cgminer.

eg: cgminer --scrypt -o  address:port -p Username:password  blah blah

Megahash is correct for SHA256 (such as bitcoin) but for LTC you should be getting 100's KHash

Edit: I put in --algo scrypt rather than --scrypt... was thinking of minerd (it's late!)

That's quite interesting thought. I hadn't considered the effect of value increase /use on the block size.

Maybe opportunity for the smaller Altcoins then.

Ahhh I see. Sorry I misunderstood. Still 55W for 150MH/s is pretty cool (over 2.7 MH per watt)

I'm hoping to set-up a business too. My hope is that the more business out there with something to purchase with the BTC/LTC/TRC/PPC etc the more people will stop hoarding and start using it as a proper currency (as many people already are). If it all ends up just being hoarded then bad things will come

55W for motherboard/peripherals/CPU AND GPU!!! Nice.

Even my least energy hungry 7770 card uses over 70W on it's own when being overclocked (undervolts) and my 7950 uses wayyyyyy more.

A 55W rig would be great for linking into a solar set-up on the shed roof. Mine only when the electric is free

What is the motherboard? A single board computer with PCIe socket?

That doesn't make anysense whatsoever. The deflationary nature of BTC and the inflationary nature of USD means that it's only a matter of time before BTC goes past $2000 (sure that time may be tens or hundreds of years but you get what I mean)