LBRY.IO - DICUSSION THREAD

has anyone got a miner working on OSX?

yep, the cpu-miner, but its not profitable now

yeah no doubt for cpu. Nothing for the GPU's?

the coin is already dying Cheesy

it's worthless

Look at the reward model. Investors aren't going to push in heavily until the reward starts falling, which isn't going to happen for a bit. Basically daily mining profits are about steady due to the fact that the block reward is increasing daily. More coins != more money. Investors aren't stupid.

Each coin basically can be summed up in a unit of work, not all investors look at that, but a lot of them do, which is why the coin is probably going to maintain it's downward trend while the blockreward maintains its upward trend, within reason, till the block reward stops increasing. That aside, there is no reason that this coin should make more then other coins. Mining is a pie and Ethereum is a HUGE pool of infinite hash that no other coin can support. People will spill off of Ethereum into whatever new coin comes out until it reaches equilibrium with Ethereum and then they'll go back to it. So you should definitely expect that this coins mining profits will be the same as Ethereum with enough time.

I swear to god the majority of miners are just fucking retarded and it's a shame there really isn't any entry level to mining when it comes to intelligence... With the boom of Ethereum and hatching ethbabies, there is an entirely new generation of retardanism that had been originally weeded out.

it's true that many new comers(miners) are retarded, they just follow the hype, they still believe etheruem is the most profitable, they don't do the math about new coins, hell they don't even know how to do it, to calculate if a coin is more profitable if there is no estimate on the pool....

Yes, they just think ETH is expensive and ETH is the most profitable, like bitcoin, but actually some new coins are more profitable than ETH, BTC, LTC and so forth. They should learn how to calculate math first, just don't fall in love with coins. Grin

Can you be more precise, which coin is more profitable than ETH/ETC?

... and about math I will give you most precise calculation, let say we are looking to LBC and ETH
LBC calculation – 31 x R9380 VGA is giving 1.500GH/s in 24h = 0.048 BTC
ETH calculation – 31 X R9380 VGA are giving 620MH/s in 24h = 0.094835 BTC

It seems you use the old miner. R9 380 gives over 120 mh/s which means overal score of 3.72 Gh/s for 31 cards and things are different.