bigjme
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May 18, 2014, 11:41:31 PM |
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something I don't get with nicehash. (not entirely sure if it's really profitable... I guess I will have made a little more than 0.01btc/day without the R9 still on curecoin... however the payout decrease also there...)
So people are paying nicehash to rent hashrent. So it has to be profitable to them. nicehash has also to make a profit...
So wouldn't be more profitable to run without nicehash ? (since everybody makes a profit, it means that mine could be higher... make sense ?)
not always, people are willing to pay extra for hashrate to save on investment. By the time you have messed about switching pools, finding a profitable coin, and hoping the price is ok, and messing about with exchanging. Why not just get a flow of income and not mess about? right now my 750Ti's are making 0.004BTC a day, each
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Owner of: cudamining.co.uk
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djm34
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May 18, 2014, 11:47:33 PM |
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something I don't get with nicehash. (not entirely sure if it's really profitable... I guess I will have made a little more than 0.01btc/day without the R9 still on curecoin... however the payout decrease also there...)
So people are paying nicehash to rent hashrent. So it has to be profitable to them. nicehash has also to make a profit...
So wouldn't be more profitable to run without nicehash ? (since everybody makes a profit, it means that mine could be higher... make sense ?)
not always, people are willing to pay extra for hashrate to save on investment. By the time you have messed about switching pools, finding a profitable coin, and hoping the price is ok, and messing about with exchanging. Why not just get a flow of income and not mess about? flow of income... 4euro/day
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djm34 facebook pageBTC: 1NENYmxwZGHsKFmyjTc5WferTn5VTFb7Ze Pledge for neoscrypt ccminer to that address: 16UoC4DmTz2pvhFvcfTQrzkPTrXkWijzXw
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Bombadil
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May 18, 2014, 11:47:53 PM |
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something I don't get with nicehash. (not entirely sure if it's really profitable... I guess I will have made a little more than 0.01btc/day without the R9 still on curecoin... however the payout decrease also there...)
So people are paying nicehash to rent hashrent. So it has to be profitable to them. nicehash has also to make a profit...
So wouldn't be more profitable to run without nicehash ? (since everybody makes a profit, it means that mine could be higher... make sense ?)
For X11 this isn't really true. Many newly launched coins use X11 and/or a limited PoW stage. So if you think a coin will be worth a lot in the future, you'll need a lot of hashrate at start if you want to grab as many coins from the PoW as you can. This involves some risk for you if you want those fresh new coins, but might pay off. If you don't like taking that risk, you could "sell" your hashes at some place like Nicehash. There people are taking the risk for you, but they'll need a lot of BTC if they want to compete with other buyers for the most hashes. And you're profiting from that arms race For scrypt, and especially for SHA256, this is turning the other way around. Not many new, promising, coins use scrypt or sha. So all those buyers are just multipooling with it, which means that in most cases, you're better off just doing it yourself.
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bigjme
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May 18, 2014, 11:56:23 PM |
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Personally i havent touched x11 coins and there are so many out i honestly dont want to have to follow them. Call me lazy but i would rather accept £3.18 a day then risk mining a coin that drops in price over night. Even at just that, i will almost break even on a 750Ti in a month. Which aslong as i break even on my cards atall, anything after that is profit, so who cares. I will never earn enough off it to live on
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Owner of: cudamining.co.uk
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djm34
Legendary
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May 18, 2014, 11:58:03 PM |
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something I don't get with nicehash. (not entirely sure if it's really profitable... I guess I will have made a little more than 0.01btc/day without the R9 still on curecoin... however the payout decrease also there...)
So people are paying nicehash to rent hashrent. So it has to be profitable to them. nicehash has also to make a profit...
So wouldn't be more profitable to run without nicehash ? (since everybody makes a profit, it means that mine could be higher... make sense ?)
For X11 this isn't really true. Many newly launched coins use X11 and/or a limited PoW stage. So if you think a coin will be worth a lot in the future, you'll need a lot of hashrate at start if you want to grab as many coins from the PoW as you can. This involves some risk for you if you want those fresh new coins, but might pay off. If you don't like taking that risk, you could "sell" your hashes at some place like Nicehash. There people are taking the risk for you, but they'll need a lot of BTC if they want to compete with other buyers for the most hashes. And you're profiting from that arms race For scrypt, and especially for SHA256, this is turning the other way around. Not many new, promising, coins use scrypt or sha. So all those buyers are just multipooling with it, which means that in most cases, you're better off just doing it yourself. You forgot something, is that you can buy yourself the coin on an exchange without going through this very complicated process... What you get in terms of coins, isn't determined by your hashrate but by the net hashrate (or other people hashrate). So technically it seems to me it is better to buy a coin rather than hashrate.
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djm34 facebook pageBTC: 1NENYmxwZGHsKFmyjTc5WferTn5VTFb7Ze Pledge for neoscrypt ccminer to that address: 16UoC4DmTz2pvhFvcfTQrzkPTrXkWijzXw
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Bombadil
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May 19, 2014, 12:03:20 AM |
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You forgot something, is that you can buy yourself the coin on an exchange without going through this very complicated process... What you get in terms of coins, isn't determined by your hashrate but by the net hashrate (or other people hashrate). So technically it seems to me it is better to buy a coin rather than hashrate.
True story But still it's happening, and I guess, if you set a minimal price, it might be a good way to start off the failover chain, so you won't lose the opportunities of new coins without having to risk it yourself. Once in a while a noob adds a way too overpriced order. It's fun if you could catch those
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djm34
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May 19, 2014, 12:15:04 AM |
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good thing, we don't know the real age of the miner, it is best to assume the worst
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djm34 facebook pageBTC: 1NENYmxwZGHsKFmyjTc5WferTn5VTFb7Ze Pledge for neoscrypt ccminer to that address: 16UoC4DmTz2pvhFvcfTQrzkPTrXkWijzXw
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ManIkWeet
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May 19, 2014, 12:15:53 AM |
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So, if noone is buying your hashes, your card does nothing? I might like that... Edit: It is also "casual mining" friendly right?
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BTC donations: 18fw6ZjYkN7xNxfVWbsRmBvD6jBAChRQVn (thanks!)
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bigjme
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May 19, 2014, 12:17:22 AM |
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Basically yeh. It has no work so it does nothing.
And yep, your paid while its being used. So you can run it for 10 minutes and it wont matter. Your paid for every share your cards submit. And the best bit is, your paid directly in bitcoins
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Owner of: cudamining.co.uk
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ManIkWeet
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May 19, 2014, 12:18:23 AM |
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Basically yeh. It has no work so it does nothing.
Worth putting up a GTX 780 for that you think?
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BTC donations: 18fw6ZjYkN7xNxfVWbsRmBvD6jBAChRQVn (thanks!)
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bigjme
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May 19, 2014, 12:19:55 AM |
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Basically yeh. It has no work so it does nothing.
Worth putting up a GTX 780 for that you think? I wouldnt use a 780 no, i have my 780 on other things. A 780 mines the same as 2 750ti's so expect around 0.008btc a day. Its not really worth it for such a power hungry card
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Owner of: cudamining.co.uk
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ManIkWeet
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May 19, 2014, 12:23:06 AM |
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Basically yeh. It has no work so it does nothing.
Worth putting up a GTX 780 for that you think? I wouldnt use a 780 no, i have my 780 on other things. A 780 mines the same as 2 750ti's so expect around 0.008btc a day. Its not really worth it for such a power hungry card Technically profitable according to your 0.008btc a day; as 250w @ €0.23/kWh costs €1.38 per day, and earns €2.60 per day Here's an electricity calculator thingy: (dollar sign doesn't really matter) http://www.electricity-usage.com/Electricity-Usage-Calculator.aspx?Device=&Watts=250&CostPerKWH=0.23&HoursPerDay=24
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bigjme
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May 19, 2014, 12:25:38 AM |
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Its still making money but not a lot. Price for power is cheaper in the uk, i am paying about €0.175/kWh
But then again i have my 750Ti's which make 0.012BTC with a power usage of 126W. So it doesnt seems as good, but thats only because i have something making better amounts
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Owner of: cudamining.co.uk
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ManIkWeet
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May 19, 2014, 12:27:06 AM |
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Its still making money but not a lot. Price for power is cheaper in the uk, i am paying about €0.175/kWh
I don't pay my own electricity bill, so I won't mine too much
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BTC donations: 18fw6ZjYkN7xNxfVWbsRmBvD6jBAChRQVn (thanks!)
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bigjme
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May 19, 2014, 12:28:03 AM |
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I dont pay my bill, i just pay what my pc uses lmao
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Owner of: cudamining.co.uk
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ManIkWeet
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May 19, 2014, 12:28:59 AM |
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I dont pay my bill, i just pay what my pc uses lmao
Nice you got some kind of total meter?
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bigjme
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May 19, 2014, 12:30:52 AM |
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I have a kill-a-watt meter on my 750Ti's and my RM1000 tells me the 12v current. So i just calculate my main pc usage, and my mining card usage. My 750Ti's are on a seperate psu
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Owner of: cudamining.co.uk
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ManIkWeet
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May 19, 2014, 12:34:41 AM |
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I have a kill-a-watt meter on my 750Ti's and my RM1000 tells me the 12v current. So i just calculate my main pc usage, and my mining card usage. My 750Ti's are on a seperate psu
Ah okay, lots of effort
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bigjme
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May 19, 2014, 12:36:50 AM |
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Ooo i know. I have a thing for power usage lmao. Dont ask
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Owner of: cudamining.co.uk
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