Yeah, at this point Im mining based on the future price cause as it is now with current difficulty and price, its frankly a marginal operation considering that it takes a fair amount of time and effort keeping several rigs hashing 24/7. Im a believer that LTC can be a longterm contender, but right now it makes a lot more sense to buy coins than build new rigs to mine them at these prices.
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Not much, only 3 6950's hashing away. About 350mh each, don't want to push them too hard.
Dude you can get ~440 easily with a minimal overclock and intensity at 18-19. Might as well pushem while you got em, they wont be worth much in 2 years and hopefully LTC will be.
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Looks like a DDOS on the website. My miners are still hashing fine.
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You neglect the part of the scheme above that's moronic because you spent tens of millions of dollars to attack a chain with less than that much immediate liquidity on any exchange. If you were to spend tens of millions of dollars making lots of ASICs, why not just mine with them like everyone who has made ASICs so far is doing?
If you attack it because you're a state actor who wants to get people to use your fiat money instead of leaving it for cryptocurrency, the liquidity on the exchange is irrelevant. The only real threat to cryptocurrencies on the scale of BTC is a state actor - or several state actors acting in unison. Like if the US, the EU, China, and Russia all decided BTC was destabilizing their fiat, they could easily 51% the network - tomorrow. The NSA alone certainly has enough processing power today even without ASICs: http://www.wired.com/threatlevel/2012/03/ff_nsadatacenter/all/1If ASICs were needed, spending $1B or $10B to secure trillions of USD would be trivially cost effective to a state actor. That would be years or decades from now, but its a real threat and one that needs to be addressed sooner rather than later. I like the ideas presented in theory but my technical understanding of them is a bit limited to offer valuable feedback on specifics.
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Having a weird issue with one of my 5970s. Was working fine for weeks, hashing both cores, now one of the cores just crashes the driver.
Ive tried pretty much every setting in afterburner, going up and down with voltage, core speed, mem speed. But when it was hashing normal values worked fine, so I feel like its not my card settings. I had to reset all my systems at one point, since then the core hasnt worked.
GPUz still sees the core and it reports everything as fine. What other types of diagnostics/solutions/troubleshooting can you recommend?
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I agree, 10 as the minimum needs to be revised. Its maybe ok if LTC is only worth a couple bucks, but what if it goes back to $5, or up to $10, or $20?
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What are your overclock settings and temps? Any other cards/miners on this machines, and do they exhibit this problem?
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The LTC chain is way smaller than BTC, doesnt take that long.
You could use BTC-e for small amounts, but if we are talking 1000+ LTC then use a real wallet, encrypt it, and back it up at least 3 times.
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This will be the last really good buying window for BTC/LTC for quite some time.
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Maybe a mod can move this to the FRC thread, I dont think this needs its own thread, forum is a bit clogged as it is now.
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There was going to be a correction, PERIOD. The Gox thing didnt help, but it wasnt going to go from $10 straight to $1000 in 4 months.
This is the normal course of events, a normal correction and ultimately BTC will be healthier because of it.
Stability will come but only when the market cap is much MUCH bigger.
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Fortunately I moved a great many out a week or so ago, but have 32.08069435 LTC remaining there that I want out.
F5 like a maniac bro
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The electricity cost for GPU miner is the fundamental factor for bitcoin price, currently 1G hash gives 0.06 bitcoin per day, using $3 electricity, that is about 50 USD for 1 bitcoin
This, smart money says it cant go below $50. I might not be worth $250 either, but it wont go below $50.
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Yeah Im back for now. My only beef is that my hashrate varies so much, its around 3500 kh/s as reported by cgminer and reaper, and online at coinotron it varies from 3450 down to as low as 2600. Im guessing this has to do with lag or something, but I cant help the feeling that somehow Im losing efficiency here, even with stratum.
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transaction just went through for me on around 4 LTC
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Lol @ old 2012 posts with people mining 8 ltc/day on a old P4 system in their mom's basement
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Kh/s doesnt always equate with pool results or blocks, because if you have a ton of invalids or stales they wont count as shares.
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Fees will be reduced with the next release. Thanks.
Great news, thanks.
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Well, its sucking up hashrate. Im hoping the coins will be there
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I got to the main site after many attempts, but: Logon unsuccessful These attacks are getting really annoying.
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