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1  Alternate cryptocurrencies / Altcoin Discussion / A story about Barney, the 10K Prospector on: February 25, 2015, 06:08:17 AM
A story about Barney, the 10K Prospector

There has been alot of FUD lately about the price of 10K dropping, and I wanted to illustrate just exactly how much this doesn't matter.

Just like Fred, Barney is imaginary, but this situation is not hypothetical, this is fact based on real numbers.  The chart below is based on actual BTC/USD values taken from the Winkdex and actual BTC/10K daily closes from Bittrex.

I had to remove the red line indicating size of 10K wallet on this chart - it just goes up so damn fast, it throws the whole thing out of whack Smiley

BLUE line indicates BTC/USD value expressed in $USD
GREEN line indicates $USD value of Barney's 10K wallet

Barney purchased 500 10K from Bittrex on the day the market opened, at a price of 85,357 Satoshi per 10K.  The $USD value of his 10K at that time was $97.44 and the BTCBTC value of his wallet was 0.43 BTC.  He immediately transferred these 10K to his personal wallet and began staking.

Today, the price of 10K is a mere 1,650 Satoshi, which is an enormous drop from his purchasing price.  Is Barney upset?  Not at all.

Based on 10K's 10,000% annual interest rate, compounded daily, by February 23 his wallet now contains 63,339 10K, an increase of over 12,000%.  His ending 10K $USD wallet value is $248.66 or BTC1.05

The price of BTC/10K dropped by 98.07%
The price of BTC/USD increased by 4.22%
The $USD value of Barney's MMXIV wallet increased by 155.21% from $97.44 to $248.66
The BTCBTC value of Barney's MMXIV wallet increased by 144.88% from 0.43 BTC to 1.05 BTC
The number of 10K coins in Barney's wallet increased by 12,567.96% from 500 10K to 63,339.81 10K

TWENTY DAYS.  More than double return on investment.

As always, if you doubt any of this, the raw data used to perform these calculations can be found here
2  Alternate cryptocurrencies / Altcoin Discussion / A story about Fred, the MMXIV Prospector on: January 15, 2015, 08:14:48 PM
A story about Fred, the MMXIV Prospector

I already mentioned Fred in the Maieuticoin ANN thread but figured this deserved its own separate thread to discuss.  Let's analyze his situation a little further.

Fred is imaginary, but this situation is not hypothetical, this is fact based on real numbers.  The chart below is based on actual BTC/USD values taken from the Winkdex and actual BTC/MMXIV daily highs from Bittrex:

BLUE line indicates BTC/USD value expressed in $USD
RED line indicates size of MMXIV wallet expressed in MMXIV
GREEN line indicates $USD value of MMXIV wallet

Fred purchased 20 MMXIV from Bittrex on Dec 14, 2014 at a price of 0.019 BTC per MMXIV.  The $USD value of his MMXIV at that time was $134.01 and the BTCBTC value of his wallet was 0.38 BTC.  He immediately transferred these MMXIV to his personal wallet and began staking.

Based on MMXIV's 2014% annual interest rate, compounded daily, by January 14, 2015 his wallet now contains 90.76 MMXIV, more than quadruple the coins he started with.  His ending MMXIV $USD wallet value is $263.97 or BTC1.34

The price of BTC/MMXIV dropped by 22.17%
The price of BTC/USD dropped by 44.23%
The $USD value of Fred's MMXIV wallet increased by 96.98% from $134.01 to $263.97
The BTCBTC value of Fred's MMXIV wallet increased by 253.18% from 0.38 BTC to 1.34 BTC

One month.  Despite price drop of MMXIV/BTC.  Despite BTC value almost cut in half.  Almost double return on investment.

If you doubt any of this, the raw data used to perform these calculations can be found here
3  Alternate cryptocurrencies / Altcoin Discussion / Mods, please delete this topic on: January 15, 2015, 06:40:10 AM
LOCKED.  Go here for new thread

Mods, please delete this topic.
4  Alternate cryptocurrencies / Mining (Altcoins) / Antminer S1 overclocking on: March 15, 2014, 02:04:50 AM
I know how to overclock the Antminer S1, just looking for some folks to chime in with "real-world" experience.

How stable is the overclocked Antminer S1?  I've heard plenty of folks say they were able to get 200GH or maybe more, but never hear back from them in terms of how well it worked longer-term or whether they ended up toasting their antminer after running overclocked for 2 weeks.

I'm very tempted to do this for 10-15% hash increase, but don't want to burn up my Ants.
5  Alternate cryptocurrencies / Mining (Altcoins) / [ANN] PityThePool! LiteBar pool ready for miners on: February 12, 2014, 07:24:58 PM

Pity the Pool!  LiteBar (LTB) Pool

- Solid servers, UPS/generator backups
- Redundant internet
- 1.0% fee

6  Alternate cryptocurrencies / Mining (Altcoins) / [ANN] PityThePool! DuckDuckCoin pool ready for miners on: February 12, 2014, 07:23:55 PM

Pity the Pool!  DuckDuckCoin (DUCK) Pool

- Solid servers, UPS/generator backups
- Redundant internet
- 1.0% fee

7  Alternate cryptocurrencies / Mining (Altcoins) / [ANN] RigHound - remotely manage all your mining rigs on: February 11, 2014, 12:03:30 AM

Remotely manage all your mining rigs!

- View all your rigs with current hashrate, which pool and coin they are mining
- Easily switch rigs from pool to pool, coin to coin with a few clicks
- RigHound remote management and monitoring will always be FREE

We are currently ALPHA testing and are looking for around 60 test users to begin using the system.  As stated earlier, using RigHound to remotely manage & monitor your mining rigs will ALWAYS be FREE.  We will be adding a marketplace to rent/lease your mining rigs in the future.

We realize we are not the first to come up with this idea - but we plan to be the BEST.

Support available on IRC Chat:  #RigHound

List of planned features for public BETA (ETA to be announced) :
 - Monitoring & alerts: Receive SMS and/or email alerts when miners are disconnected, failover pool is initiated, or hashrate falls below threshold
 - Ability to restart CGMiner automatically if certain thresholds are met (for example, hashrate less than 1.5 Mh)
 - MPOS API integration: for miners connected to pools running MPOS, view individual worker status, balances, etc.
 - Backup/failover pools configuration
 - Data aggregation/reporting: Look at your hashrate over time, across pools, compare your hashrate at one pool vs. another, find out which pool makes the best payouts!
 - Possible Windows agent/Linux daemon to run on mining rig, so RigHound can communicate with/start/stop CGMiner without NAT firewall configuration
 - Your ideas and suggestions are appreciated!

Yes, I realize the graphics & design are horrible.  I will be offering a bounty for a new design/logo in the future.  Sorry, I'm a programmer, not an artist.
For this private alpha release, only the first 30 user accounts will be created, all others must wait for BETA release.

To add your miner to RigHound remote management:

- Sign up and login
- From the "My rigs" page click "Add new mining rig"
    Rig name:  This can be anything you want.  "Miner1" or "Hercules"
    Crypto type: Scrypt or SHA-256
    Descr: (optional) You can enter details about your rig here, such as "4x 7950 @ 640khash each"
    IP Address: The EXTERNAL ip address that RigHound can use to connect to this mining rig.  For most of you, this is your router's external IP.  You can visit if you don't know what it is.
    Port: This is the API port CGMiner is configured to listen on. The default port is 7077.  See the "Help" tab for additional details on configuring CGMiner

Once your mining rig details are entered, switch to the "Test" tab to test your configuration.  RigHound will attempt to connect to your miner and test out each of the commands - addpool, removepool, disablepool, enablepool, etc.  If you are having issues, make sure you are using the following command-line options on CGMiner (or their config file equivalents):
--api-listen --api-groups P:restart:addpool:removepool:switchpool:enablepool:save:* --api-allow P:98.174.25/24 --api-port 7077

** VERY IMPORTANT Port-forwarding/NAT on router**
If your mining rig is behind a router/firewall, you'll need to use NAT or port-forwarding to expose the API port to RigHound.  

Pools management:
You manage all your pool information from the "Pools" tab

To add a new pool:
- Click "Add new pool"
    Pool URL: Stratum URL for the pool.  Enter the URL *ONLY* here, port# should be entered in the Port box
    Pool Name: This can be anything you like, will be displayed next to your miner(s) when mining this pool
    Coin: Enter the coin this pool is mining for
    Crypto Type: POW algorithm for coin, Scrypt of SHA-256
    Username: Username for your workers on this pool.  For P2Pools or Multipools, just use your BTC address.
    API Key: For future use - your API key for pools running MPOS so RigHound can retrieve your full pool stats

To configure your pool workers
    From the "Workers" tab, enter each of your pool workers.  These should match what you have setup in the pool.  In the future, these can be retrieved automatically from MPOS pools if you have entered your API key.  For P2Pools or multipools like Middlecoin, you don't need to setup workers, since you connect using your wallet address which you should have entered for the pool username.  

    For each worker, you must select which mining rig the worker is associated with.  When you command your mining rig to switch pools, this is the worker your rig will connect with.

Keep in mind this is an ALPHA release, I expect there to be some bugs and issues, but I will resolve them as quickly as possible.  We are concentrating right now on insuring we have a SOLID and RELIABLE method of remotely managing your mining rigs, and an easy way to add new rigs, before adding additional features such as alerts and rig rentals.

Your constructive criticism is appreciated!
8  Alternate cryptocurrencies / Announcements (Altcoins) / [ANN][MEOW] New KittehCoin pool on: January 31, 2014, 09:34:37 AM

Pity the Pool!  New KittehCoin (MEOW) Pool

- Solid servers, UPS/generator backups
- Redundant internet
- 0% fee limited time

9  Economy / Reputation / Mortimer452's reputation thread on: January 31, 2014, 12:06:01 AM
If you have made trades with me, leased a mining rig, or any other dealings with me, please post here!
10  Alternate cryptocurrencies / Announcements (Altcoins) / [ANN][MEOW] KittehCoin Pool operators please respond! on: January 29, 2014, 11:56:36 PM
KittehCoin Relaunch is coming!
Client update required!

Target relaunch date: February 3, 2014

These are exciting times for KittehCoin!  Everything is falling into place for the relaunch on February 3 with a revised coin spec, new services and merchants, games, and more!  The community involvement on this coin the past few days has been outstanding, we appreciate the support!

As you may have read in the previous update, the coin specifications are changing.  The block time is changing from 30s to 60s, total coins have been reduced, and we have altered the block reward halving intervals for a more fair and reasonable mining period.

This will require a client update to remain synchronized with the network and we need to make sure all pool operators are aware so they can update to the new client when released.

The official pools list is located in the Wiki at

If your pool is listed - GREAT.  Please PM me with your contact info, or just reply to the thread letting me know you're the owner and I will PM you here on BitcoinTalk when we are ready with the new client.

If your pool is NOT listed - please reply to this thread letting me know your pool address so I can update the list.

This topic is self-moderated - please keep chit-chat in the Official Thread

Thank you again for your outstanding support! Smiley
11  Alternate cryptocurrencies / Mining (Altcoins) / Please recommend PSU for 4x 7950's on: January 22, 2014, 03:43:33 PM
Good morning all

Can I get some recommendations on a PSU for my 4x 7950 rig setup.  I originally purchased a cheaper CoolMax 1200W 80+ certified PSU and blew it up after just a day of mining.

I am "getting by" on 2x REALLY CHEAP Kingwin 750W PSU's (came free with cards) but I don't expect these to last long either - they already occasionally glitch out and reboot my machine, even with just 3 cards running.

I am looking at the ThermalTake SP-1200M, any experience with this brand?  Any other recommendations?  Trying to stay under $250.
12  Alternate cryptocurrencies / Mining (Altcoins) / Cgminer keeps disabling one GPU on: January 19, 2014, 05:58:11 AM
I am running 4x 7950's, one of them keeps reporting a "glitchy" temp reading which causes CGMiner to disable to the temp-cutoff being exceeded.  

CGminer's polling interval for stats like temp, fan speed, etc. seems to be about every two seconds -- every now and then, one of my GPU 's will report a temp of 500+C and fan speed of 9999RPM . . . it immediately goes back down to "normal" 78-80C on the next update but it's enough to make CGMiner kill the GPU if it happens more than once.  

I tried to set the temp-cutoff to something huge like 700 but it seems CGMiner has a limit on this, won't let me set it that high.

Any ideas?

13  Alternate cryptocurrencies / Altcoin Discussion / What's with all the giveaways? on: January 07, 2014, 04:06:33 PM
Most altcoins are "promoted" at some point or another with giveaways.  I've never quite understood this.  Wouldn't this just result in more coins being dumped on the exchanges, driving down price?  I mean, the idea should be to convince people the coin has value so they BUY the coin, this is what drives up price, right?
14  Alternate cryptocurrencies / Mining (Altcoins) / Advice on case for new mining rig on: January 03, 2014, 04:39:04 PM
OK, so I'm finally building a mining rig.  Hopefully the first of many.  I have 4x Radeon 7950's on order and should be here any day.

I'd like to get the cards installed in a normal server/mid-tower chassis but having a hard time figuring out which case/chassis I need that will fit four cards in it.  I want my rig(s) mounted in a standard 19-inch rack, hopefully 4U or at most 5U for each 4-5 GPU rig.

Yes, I know, open-air PVC pipe rigs are what everyone's building.  I don't want that.  I am confident the cards will stay plenty cool with the proper air flow.  These are going into a colocation facility where the ambient air is kept at 17-18*C, raised subfloor with AC vents blowing into the cabinets.

Anyone with experience in a good chassis/case to use here?
15  Alternate cryptocurrencies / Altcoin Discussion / Vote for Kitteh - if you haven't already! on: January 02, 2014, 01:49:41 PM
Just a reminder for all you Kitteh supporters - if you haven't already, vote for Kitteh on Cryptsy!  We need to get these votes up to be noticed!

16  Economy / Trading Discussion / May have just lost a bunch of SexCoin on: December 24, 2013, 09:50:14 PM
OK, so I tried to deposit a bunch of Sexcoin into my Cryptsy account 12 hours ago or so, they have not shown up yet.

The Transaction ID is 14f86623ef549d97c871433ed53d25f6183447766e1521ac104a19fd7e0a95ca

It's not showing up in the block explorer at

When I try to lookup the deposit address, it says address not found on network.

WTF happened?  In my wallet, the transaction shows up with a big question mark next to it.  What happens next?  Will this transaction "drop off" eventually after being invalid?  Am I screwed?

17  Economy / Trading Discussion / Getting out of Cryptsy on: December 24, 2013, 08:02:03 AM
OK, so Cryptsy sucks.  SOOOOO slow.

Bter looks better (maybe), I'd like to transfer some balances there.  Can I just withdraw from Cryptsy directly to my deposit address on Bter or do I need to withdraw to my wallet, then send to Bter address?
18  Economy / Trading Discussion / Best/fastest way to buy BTC with $USD on: December 23, 2013, 04:08:07 PM
I've been mining for awhile and have quite a collection of scrypt altcoins, but I'd like to buy some BTC for trading on the altcoin exchanges.

Coinbase looked pretty slick, so I purchased 1.0 BTC through them last week but it is taking FOREVER to get my coins.  I'd like to get some more but if it's going to take 5 days to process a transaction this isn't going to work.

I signed up with mtGox and submitted all my verification paperwork, still waiting on getting "approved."  Are they any faster?  Is there anyone out there that does "instant" (or at least, 24-hr wait) transfers from bank account or credit card?
19  Other / Beginners & Help / One post per 360 second limit on: December 17, 2013, 07:22:26 AM
OK, I read the newbie readme but still don't understand if/when the "only one post per 360 seconds" limit can be removed.  Kinda sucks waiting 6 minutes between posts.
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