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1  Alternate cryptocurrencies / Mining (Altcoins) / Coinwarz and Whatmine are screwed up on: October 01, 2014, 11:42:13 AM
I have to laugh at the predictions these two sites make because they're inevitable WRONG just about all the time

Both sites has serious flaws and you should be careful to NOT follow them and do your homework before coin jumping.

The perfect example is Whatmine.com

I plugged in 275 MH for scrypt and Whatmine.com told me that I could make $53.05 per day mining Rubycoin

well - here the basic problem - THAT'S IMPOSSIBLE!!!

and here is why - even if I found every block that Rubycoin generated in a day that's 576 blocks.

Now mind you that Rubycoin has a block reward of 25 coins so that's 576 block * 25 coins = 14,400 coins

Assume BTC = $380 USD

Rubycoin is selling for 722 sat so that's : .103968 btc which is: $39.50

so how can you make $53.05 in a day from a coin that only creates $39.50 a day - YOU FRIGGIN CAN'T! DUH!

The more realistic way to calculate is simple and of course this can change in an instant because network hash changes all the time.

the correct way to calculate your earnings potential in a 24 hours period for a coin is:

(your hash / (Your hash + current network hash)) * (coins minted per day * current value)

therefore assume the following:

My hash is 275 Mh/s
Network Hash is 400 Mh/s

(275 / 275 +400) * (14400 * .00000722) = .0423573 BTC/day = $16.09 / day

If network has did not change and value did not change I would make $16.09 per day mining this coin and I know this is correct.

Please note: this formula as it is stated only works for coins with no POS - there is a more precise calculation I have developed to accurately predict blocks per day for coins with POS and taking difficulty levels into account.

I do this exercise above at least 20 times a day when evaluating coins and I know it works because I run a pool and have to pick and choose which coins the pool will offer and I am always right.

The bottom line is that these sites SUCK when it comes to predicting earning estimates which is exactly why I am developing a site and technology to accurately predict your earning potential for coins and it will be available on a subscription basis - yea Coinwarz and Whatmine are free and yea - you are certainly getting what you pay for from them : wrong information!

My site will also contain programmable triggers to advise when when certain coins have reached certain network hash levels, coin values and difficulty levels.

good luck people and do your homework!! - don't believe that these sites feed you because it's wrong in many many instances!

I'll be offering Beta site subscriptions to early subscribers.

thanks!

Jeff
2  Alternate cryptocurrencies / Mining (Altcoins) / Difficulty Question on: September 28, 2014, 12:45:41 PM
I wondered if someone could answer a basic question for me..regarding difficulty

I have observed some coins that introduce blocks into the block chain and advertised intervals regarding of difficulty - case in point 42 coin - a new block is generated every 42 seconds.

on the other hand I see a coin like Goldcoin which advertises 120 second block times but at the current time it's only generating blocks at about 5 to 6 minute intervals - is this because of the current difficulty? and if so - how can a person calculate the number of blocks that will be introduced into the block chain based on 'current' difficulty if difficulty does indeed affect the rate at which blocks are introduced int he block chain.

is there a standard mathematical formula that can be used?

thanks in advance.
3  Alternate cryptocurrencies / Altcoin Discussion / Thoughts on Price Stabilization Funds on: September 25, 2014, 09:12:57 PM
A few coins have been released where a percentage of the pre-mine was reserved for a 'Price Stabilization Fund'.

I have been working on the details for a new coin and I wondered about people's opinions on these type of  'Funds' as part of a new coin.

My thoughts are mixed because I basically like the idea however what I think people fail to realize is that your can't BUY a Coin with the exact same coin on any of the exchanges (Unless it's Bitcoin, Litecoin or a scant few others).

The Stabilization fund must actually sell some of the coins in order to acquire BTC to buy the coin back. This is great for the exchange but in reality I think it's drives the value down in order to drop it back up - thus negating the intent of the fund itself.

Ideas?
Thoughts?
Observations?

thanks in advance.

Jeff
4  Alternate cryptocurrencies / Mining (Altcoins) / Programmer Needed (php w/ Json experience) on: September 19, 2014, 12:35:17 PM
I need a programmer to develop a custom app for me that will extract information from both Coinwarz and whatmine at predetermined intervals, store that data in a mysql databse, generate charts and sortable tables from the data and pinpoint certain trends that I have defined for each coin.

The program will need to be able to access information from cryptsy, mintpal, bittrex and c-cex to obtain order depth and order volumes and also generate an average for the top 10 buy orders for each coin from the respective exchanges.

If you are interested in working with me - please email me at lifeforcepools@gmail.com or pm me here.

thanks

5  Alternate cryptocurrencies / Mining (Altcoins) / Zencloud Lack of Transparency on: August 28, 2014, 04:05:16 PM
four days ago I withdrew money from my zencloud account and transferred it to my coinbase account.

the money never arrived

I opened a support ticket - four days later - no response at all from those people

In addition their system does not give you a transaction id - so you're screwed

thus far they've screwed me out of a $99 and I'm afraid to even attempt to withdrawl the $40 sitting my account.

I was told that GAW has teken them over and have found Gaw tech support to be excellent, but these Zencloud people are a whole nother story and it's not a good story,.

6  Alternate cryptocurrencies / Mining (Altcoins) / Notice about Zenminer/Zenhosting - Oneminer on: August 13, 2014, 02:57:23 PM
I ordered a 42 MH unit from oneminer yesterday and after getting it activated this morning I was SHOCKED to learn that you cannot choose your own coins or pools or solo mine.

They have a drop down list WHERE YOU MUST mine from one of their selected pools.

If you want to choose your own pools or solo mine this would not be the way to go purchase wise.



7  Alternate cryptocurrencies / Altcoin Discussion / NOT A GIVEAWAY! - Block Bonuses at nobl.lifeforce.info on: August 07, 2014, 07:00:24 PM
Noble Coin

We are currently offering a 250 coin Block Finder Bonus at nobl.lifeforce.info mining pool

http://nobl.lifeforce.info

Nothing is being given away - you must mine and find a block to get the bonus

Smiley
8  Alternate cryptocurrencies / Marketplace (Altcoins) / 125,000 NOBLE COINS UP FOR GRABS!!! on: August 07, 2014, 05:56:31 PM


ATTENTION NOBLECOIN MINERS

125,000 NOBL WILL BE UP FOR GRABS AT http://nobl.lifeforce.info for the next 500 blocks starting at 6 PM UTC, 2 PM EST TODAY

THERE WILL BE A 250 NOBL BONUS FOR EVERY BLOCK FOUND - DON'T MISS THIS OPPORTUNITY TO GET LOTS OF EXTRA COINS

NOBL IS CONSISTENTLY ONE OF THE HIGHEST PAYING MINEABLE SCRYPT COINS AND THIS IS YOUR CHANCE TO GET LOTS OF EXTRA COINS

CLAIM YOUR SHARE OF 125,000 NOBL STARTING AT 6 PM UTC - 8/7/2014

9  Alternate cryptocurrencies / Pools (Altcoins) / Official Lifeforce.info Pools Thread on: August 06, 2014, 11:39:12 PM
I'm starting this thread as the official Lifeforce.info Pools Support Thread.

I recently acquired the Lifeforce.info pools from the original creator of the pools ('Sta').

Currently we mine: Guncoin, EMC2 and Noblecoin - I will be making announcements in each of those Coin threads.

We will be adding several of the most profitable coins soon and will also be creating pools for many of the new coins as they're released.

I am not adverse to adding pools for X11, Nist5 etc algo coins, but it all depends on the coin and in my opinion are there enough miners of a coin to insure that miners find enough blocks to make the pool worth while to mine in.

There are certain coins such as NAUT that have difficulties so high it would never make sense to add a pool for that coin.

My personal preference is to focus on coins where small miners can still generate a decent daily revenue from coins that have not been brutalized by huge private mining farms.

Coins that I'm seriously considering adding are: Argentum, Netcoin, Octocoin, USDE and some others - I look forward to your recommendations as well - please.

If there are new coins that you believe will get traction and there are enough miners interested - I will add the coins.

I'm taking a close look at putting in some block finder bonuses also on some of the coins.

I typically get up at 5 am every morning and spend two hours looking at coin values and personally I'm not a fan of multi-pools since they're always chasing after the highest paying coins and my experience has been that by the time you mine these coins and finally get them into your wallet or exchange account the people who already had those coins in their wallets or accounts have sold at the high prices and you wind up mining high and selling low (or holding high if you don't sell) - it's very frustrating

My strategy has always been to mine low and sell high - when difficulties and network hash are low - it's time to mine.

The perfect example was last week when Viacoin was about to fork and there was some question as to whether certain pools had the right wallet - the difficulty and network hash plummeted and with my hash I was able to mine 4,000 Via in 2.5 days as everyone else sat on the sidelines and watched - it was amazing. Timing is everything in this market so my goal is to help miners in Lifeforce.info pools make the right decisions as to what to mine.

I hope I can help all of your make lots of money, because after all isn't that what most of us are here for?

Our primary server is based in Eastern Canada and is a 4 core 32GB SSD system with hourly backups to a remote linux box - Databases and wallets are backed up hourly.
We have two Vardiff stratum servers - one U.S Based and EU based running NOMP


Thanks!

Jeff
Lifeforce.info Pools
10  Bitcoin / Hardware / Every Vendor is a Whore on: July 25, 2014, 09:01:56 PM
In case you did not know or were a newbie - every vendor of mining equipment is a whore - bar none.

the only one with any sense of business morality is Gaw and MAT

Everyone will sell you equipment at what they tell you is the best possible price and the price will drop even before the equipment arrives on your door step even if it only takes 3 to 5 days.

Get used to being treated like a Jon because they all lie in order to sell you equipment then drop the price on the equipment even before it arrives on your doorstep and then when you ask for a refund of the difference they go dead silent.

it's whores market - show them no respect because that's what they show you.
11  Alternate cryptocurrencies / Mining (Altcoins) / Are you a big player without solo mining capabilities - I can help you on: July 17, 2014, 10:43:38 AM
ok...

here's how naive some miners are...

I mine doge from time to time in a pool

http://doge.hashfaster.com/ to be exact - it has about 10% on average of the network hash for doge

therefore it finds on average 144 blocks daily.

each doge block is worth $30.00

there's a guy mining in that pool by with 920 MH

the pool is fairly accurate and shows him getting: .3754 BTC/ day which is $236

if this guy were to solo mine he'd have 2.2% of the network hash and on average would find 31 bocks a day on his own (if he were to solo mine)

31 blocks times $30 = $952

this guy is giving up over $600 in potential revenue EVERY FRICKING DAY!

how crazy is that?

If you've got HUGE hash, send me a PM - I can setup you up to solo mine pretty cheaply per month and you'll solo mine into your own private wallet on your own private virtual machine that only you have access to after I've set it up and you'll make a lot more money.

If you've got over 500MH I can help you with just about any coin.
12  Alternate cryptocurrencies / Announcements (Altcoins) / A warning about multipool.us and their cryptsy integration as it relates to RDD on: July 16, 2014, 10:20:24 PM
their integration does not work for RDD coin.

I have several hundred thousand RDD coins int eh abyss due to their problems and it's not a cryptsy problem - it's a problem with multipool.us

so just as a test I installed the RDD Wallet and transferred coins from my account on Multipool.us into my wallet - no problem - transferred in just a few minutes

then I sent those coins from my wallet to cryptsy - no problem - showed up at cryptsy in just a few minutes.

I would be leery about trusting the cryptsy interface on this pool - it does not work for RDD and who knows how many other coins are broken also.

just a heads up if you mine on multipool.us

13  Alternate cryptocurrencies / Mining (Altcoins) / who has the largest doge pool? on: June 30, 2014, 03:18:42 PM
who has the largest doge pool?

The pool I have been using only has a small portion of the total network hash for doge and they're not finding enough blocks to suit my tastes...

thanks
14  Alternate cryptocurrencies / Marketplace (Altcoins) / looking for someone to setup mpos and a wallet for me on the server of mine on: June 23, 2014, 05:28:41 PM
If you have TRUST points and can verify your identity, I'm interested in having you setup MPOS on a server of mine.

PM please.

thanks
15  Alternate cryptocurrencies / Marketplace (Altcoins) / When are manufacturers going to get it? on: June 20, 2014, 02:46:20 PM
I've only been mining about 5 months now so I'ma relative newbie as far as crypto goes, but I'm a quick study.

I've been a business owner all of my life and have been pretty successful at it.

I was warned early on not to pre-order for a multitude of reasons, but the primary reason was because of rapidly dropping prices.

What I have learned though is that it's really not the rapidly dropping prices that are the problem but the complete lack of any sense of business morality on the part of the Manufacturers when it comes to dealing with customers.

I've seen a lot of cut throat businesses, but the manufacturers of miners have to be the most reprehensible group of thieves I've ever encountered. (there are exception however - a few)

First - they lie straight faced about delivery times, promises about refunds, warranties, stuff magically disappear off websites, they lie about delivery, they lie about performance - in fact they lie about just everything imaginable - I've never encountered such reprehensible business behavior.

And worst of all they treat the people who pre-order as complete suckers and drop prices to Batch 2 people even before they've delivered their first batches - when in fact the people who commit to pre-orders should be treated like royalty - the manufacturers stick it right up their asses.

It is no wonder that there are so many jaded people on this website when it comes to manufacturers - it's simple - because the manufacturers deserve every bit of what they get.

I had really hoped to not to become jaded, but thank god for the forum because we can wreck their sales when they fuck with us and trust me - they fuck with us all the time.

These manufacturers do not look at you as a source of a continued business relationship, they look at you as an opportunity to make a quick buck then they leave you high and dry.

Don't stop complaining publicly and don't stop calling out these these scumbag because the only thing they understand and fear is the light of day when they have to crawl out from under their rocks to defends themselves.

and yes - there are exceptions but even most of the exceptions have to be bullied and threatened to get honest.

Have a nice Day - we're watching all of you!

16  Alternate cryptocurrencies / Mining (Altcoins) / an open message to GAW Miners on: June 18, 2014, 11:43:08 AM
will somebody PLEASE help get my machine back up and running.

I have placed two phone calls - contacted Josh three times by PM, sent four emails to your tech support people and my machine has been down for going on 36 hours now.

Josh I do appreciate the response via PM late yesterday afternoon, but nothing has happened.

I mean - what good is a mining computer if it isn't mining.

will someone please get my machine back up and running - PLEASE???

thanks you.
17  Alternate cryptocurrencies / Mining (Altcoins) / wallet question on: June 17, 2014, 10:45:57 AM
I'm doing solo mining from a few machine and is there a way to show which ip address are connected to my wallet?

thanks in advance

18  Alternate cryptocurrencies / Altcoin Discussion / Bottlecaps - New New Exhange on: June 16, 2014, 12:37:29 PM
Since I'm unable to find the original Bottlecaps ANN and Cryptsy's CAPS waallet has been down for nearly a week now - Can we get CAPS listed on Mintpal of Poloniex?

we need some help here.
19  Alternate cryptocurrencies / Mining (Altcoins) / Is GAW having hosting problems? on: June 12, 2014, 01:30:08 AM
I've had a large machine down going on 7 hours now. I've sent 3 emails, called and even sent a PM to their CEO and no response yet

Huh?


20  Economy / Computer hardware / Who wants to make $70/day mining or more - it's up to you. on: June 06, 2014, 12:45:58 AM
You can make more if you want but for a one time payment of $7,500 I will purchase the hardware and host it in my data center and you'll make $70/day at today's LTC rates.

I have 180 MH right now myself and I make over $200/day.

I only mine asic scrypt and I pick winners consistently.

If you're thinking about renting hash be prepared to pay through the nose - those folks are rediculous.

I have the coinbase income  to prove what I generate daily.

I have a degree in math and computer sci and have been a developer, software company owner and business owner all my life. I sold my last software business for 7 figures.

I'm a seasoned IT Specialist and a CIO.

If you want to hitch your horse to the right wagon contact me and I'll share my linked in profile with you.

I'm based in the Philadelphia area and the data center where the systems will be located is First Class.

I make it my business to purchase the most cost effective hardware and select the best paying coins because I pride myself on success.

I know this site has it's share of scammers and charlatins but my bank accounts deposits from coinbase are living proof I know what I'm doing and I'm not one of them.

contact me if you want to make $23,000 in the next 12 months off a $7,500 investment.
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