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July 12, 2015, 01:53:33 PM |
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Zetacoin Express has it right. Instant gratification attempts just put you up against all the other no-patience types, all screwing each other in an un-winnable hash-rate-war.
Unless you can find folks who are able to be polite, all restraining themselves to using only one or two cores or such, and don't get noticed by someone with lots of cores or a botnet, or someone greedy who fires up a GPU instead of restraining themselves to a core or two, you end up driving up difficulty, and thus electricity expense, for everyone.
You probably do not want an actual per se "CPU coin" because those are what botnets and CPU-multipools will be raping.
Best is to quietly collect a stable of "abandoned" coins no one is mining, or no-one who wastes electricity using any more hashing power than necessary anyway.
Once someone throws a GPU or ASIC at a coin, everyone else tends to have to also, which is just wasteful. If you are going into a hashpower war, stick to merged mining, so your hashes mine as many coins as possible all at the same time using the same electricity.
The best profit I made was with BBQcoin, during the year that one could mine it perfectly well using just one CPU core. We were lucky that the first person to again point a GPU at it was sensible and on the IRC channel, so we were able to convince him to just use a CPU or two to save all of us electricity. When the coin emerged into the public eye again we made fortunes.
Seriously, if an abandoned coin you are considering would need you to point a GPU at it to get a reasonable flow of blocks, just walk on by. Point your GPUs at Blake256 merged mining pools maybe or something like that. (As they don't have ASICs yet. Basically any algo that has no ASICs and has many coins all merged mined together.) For your CPUs just keep picking through purportedly dead coins. The ones that are only being mined by a few CPUs at the moment you can probably point a core or two at without starting a big hashpower war. Don't throw umpteen cores at it though; if you have 24 cores you should be able to mine 12 to 24 "purportedly dead" coins without driving the existing stealth miners into deciding they are no longer getting a large enough piece of the pie thus it is time to bring the coin back into the public eye to cash in what they managed to stealth mine before some rude barbarian barged in and started a hash-power war...
The goal is to mine steadily for as many months or years as possible before either some idiot barges in with too much hashes driving the costs up or someone gets too impatient and decides to bring the coin to the attention of the public, get it on an exchange and so on so they can cash out the months or years of stealth mining they have already invested into it.
-MarkM-
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