0000000000
Newbie
Offline
Activity: 14
Merit: 0
|
|
June 17, 2014, 09:22:46 AM |
|
Dont talk profit! You will draw attention to it, shhhhh * cbuchner1 looks at the BBR price development and smiles. profit MAAAAAAAAAAAAAAAAARGIN. Aside from the profitability of you mining the coin, do you like BBR? I bought a bit earlier. Apart from the lack of a Windows Installer and a mature GUI wallet this coin is quite nice. I am sure we will see better CryptoNote wallets later this year. BBR seems to be leading the charge. A speciality of this coin is the blockchain-derived scratchpad as input to the hash function. The need for a scratchpad to be exchanged between the pool and the miner makes mining protocols (JSON via HTTP and stratum) a bit iffy, especially with the scratchpad growing by 100 MB each year. So far I had no problems with cryptonote based transactions from and to exchanges. Christian ty
|
|
|
|
cbuchner1 (OP)
|
|
June 17, 2014, 09:29:31 AM |
|
Aside from the profitability of you mining the coin, do you like BBR? I bought a bit earlier.
Same question for XMR too Do you think it has some future? XMR is currently challenging DRK. I think if the GUI wallet issue gets sorted out it might be able to challenge LTC even. Cryptonote coins are here to stay (well, except MountCoin, HorizonCoin, OrionCoin, duh. you can't fix an incompetent dev...)
|
|
|
|
bigjme
|
|
June 17, 2014, 09:33:27 AM |
|
now we just need a miner :p do we even need to ask how much your earning on it? or would we all smash our rigs in envy?
|
Owner of: cudamining.co.uk
|
|
|
NeuroticFish
Legendary
Offline
Activity: 3864
Merit: 6591
Looking for campaign manager? Contact icopress!
|
|
June 17, 2014, 09:35:47 AM |
|
XMR is currently challenging DRK. I think if the GUI wallet issue gets sorted out it might be able to challenge LTC even. Cryptonote coins are here to stay (well, except MountCoin, HorizonCoin, OrionCoin, duh. you can't fix an incompetent dev...)
Thank you. I don't know about the GUI wallet issue, I use the official command line one, but there is indeed a need of VERY good CN wallets soon, the exchanges need that.
|
|
|
|
NeuroticFish
Legendary
Offline
Activity: 3864
Merit: 6591
Looking for campaign manager? Contact icopress!
|
|
June 17, 2014, 09:38:13 AM |
|
now we just need a miner :p do we even need to ask how much your earning on it? or would we all smash our rigs in envy?
No good GPU miner means higher prices. So.. I prefer Christian just keeps his earnings and well done to him. If I would be as good as he is, I'd do exactly what he did. Would *you* share? I doubt that.
|
|
|
|
bigjme
|
|
June 17, 2014, 09:41:39 AM |
|
ooo i know he shouldn't but im bored at work
|
Owner of: cudamining.co.uk
|
|
|
NeuroticFish
Legendary
Offline
Activity: 3864
Merit: 6591
Looking for campaign manager? Contact icopress!
|
|
June 17, 2014, 09:50:04 AM |
|
ooo i know he shouldn't but im bored at work LMAO
|
|
|
|
bigjme
|
|
June 17, 2014, 09:52:30 AM |
|
if i could trust my xeon not to commit suicide i would mine it. i happend to land on one that has bad TIM on the die so it gets very hot even watercooled
|
Owner of: cudamining.co.uk
|
|
|
Amph
Legendary
Offline
Activity: 3248
Merit: 1070
|
|
June 17, 2014, 09:55:50 AM |
|
now we just need a miner :p do we even need to ask how much your earning on it? or would we all smash our rigs in envy?
No good GPU miner means higher prices. So.. I prefer Christian just keeps his earnings and well done to him. If I would be as good as he is, I'd do exactly what he did. Would *you* share? I doubt that. but we only want to know how much he earn, at least in my case i didn't ask for the miner
|
|
|
|
bigjme
|
|
June 17, 2014, 10:01:35 AM |
|
im not interested in a miner for it atall just to clarify. The second one is out the coin will do the same as others.
|
Owner of: cudamining.co.uk
|
|
|
leofur
Member
Offline
Activity: 117
Merit: 10
|
|
June 17, 2014, 10:02:43 AM |
|
How profitable is to mine monero and bbr? Will it cover servers expenses? I can totally understand Christian for not sharing his code, as long as he makes shitloads of money. But I think a dedicated cuda pool, with auto switching mechanism that will support only a binary released by Christian. He can even charge a 15% fee, as long as the pool more profitable than the free alternative, he can charge even 15% fee. This way I think it would be more profitable than keeping the code for himself. Just to make it clear, I really appreciate open source software in general, and christian for sharing his awesome work with us all.
|
|
|
|
myagui
Legendary
Offline
Activity: 1154
Merit: 1001
|
|
June 17, 2014, 10:13:30 AM |
|
How profitable is to mine monero and bbr? Will it cover servers expenses?
Generally speaking, it's not profitable, if you're paying "average" price for server renting and have the regular miners that are floating about. It takes scale of numbers (and/or cheap AWS spot instances), and further optimized miners to really make profit. I mined a few Monero early on, so those would turn out a decent profit if I sold today (though I'll be holding anyways). With the current diff, it barely pays for the electricity. Cheers, ~ Myagui
|
|
|
|
leofur
Member
Offline
Activity: 117
Merit: 10
|
|
June 17, 2014, 10:14:40 AM |
|
How profitable is to mine monero and bbr? Will it cover servers expenses?
Generally speaking, it's not profitable, if you're paying "average" price for server renting and have the regular miners that are floating about. It takes scale of numbers (and/or cheap AWS spot instances), and further optimized miners to really make profit. I mined a few Monero early on, so those would turn out a decent profit if I sold today (though I'll be holding anyways). With the current diff, it barely pays for the electricity. Cheers, ~ Myagui Thanks!
|
|
|
|
NeuroticFish
Legendary
Offline
Activity: 3864
Merit: 6591
Looking for campaign manager? Contact icopress!
|
|
June 17, 2014, 10:25:34 AM |
|
How profitable is to mine monero and bbr? Will it cover servers expenses? I can totally understand Christian for not sharing his code, as long as he makes shitloads of money. But I think a dedicated cuda pool, with auto switching mechanism that will support only a binary released by Christian. He can even charge a 15% fee, as long as the pool more profitable than the free alternative, he can charge even 15% fee. This way I think it would be more profitable than keeping the code for himself. Just to make it clear, I really appreciate open source software in general, and christian for sharing his awesome work with us all.
And what would be the point for Christian? This would mean more work, more investment in hardware to get more coins, which will actually worth less. Also, did you follow XMR threads? DDoS attacks all over the place? It's not easy to maintain a pool.
|
|
|
|
leofur
Member
Offline
Activity: 117
Merit: 10
|
|
June 17, 2014, 10:33:09 AM |
|
How profitable is to mine monero and bbr? Will it cover servers expenses? I can totally understand Christian for not sharing his code, as long as he makes shitloads of money. But I think a dedicated cuda pool, with auto switching mechanism that will support only a binary released by Christian. He can even charge a 15% fee, as long as the pool more profitable than the free alternative, he can charge even 15% fee. This way I think it would be more profitable than keeping the code for himself. Just to make it clear, I really appreciate open source software in general, and christian for sharing his awesome work with us all.
And what would be the point for Christian? This would mean more work, more investment in hardware to get more coins, which will actually worth less. Also, did you follow XMR threads? DDoS attacks all over the place? It's not easy to maintain a pool. It gives him scalability, I don't know how much hardware he owns, but mining himself with 10 GPUs, or having 15% of 1000 GPUs, I think the seconed option is more profitable. Let's take the x11 for example. We had 2.2 mhash ccminer, christian had a 2.7 mhash ccminer. If he had 10 750tis, he had 27 mhash overall. If we all were mining on his pool with 1000 GPUs, he would own 4ghash. The better miner would make the coin 20% less profitable which brings him to about 3ghash. Still more profitable. You, as a user could keep mining with the 2.2 version, and not paying the higher fee, but as long enough of cuda miners would move to this pool, others won't have any option cause it would make it less profitable for them to mine on their own.
|
|
|
|
bigjme
|
|
June 17, 2014, 10:42:41 AM |
|
Again the issue is why should be pay out on equipment and deal with the hassle of setting up a pool. The pool goes down and he has to deal with everyone complaining
you couldnt limit it to nvidia either, amd miners would just bluff it, so it wouldn't be worth it
|
Owner of: cudamining.co.uk
|
|
|
myagui
Legendary
Offline
Activity: 1154
Merit: 1001
|
|
June 17, 2014, 10:51:52 AM |
|
Most people don't seem to grasp the importance of 'open source' to this economy. Open source attracts a lot more people to any project, it creates an inclusive community (as opposed to an exclusionary one), and establishes long term growth. Would Bitcoin have ever been worth *anything* if most of it's mining remained concentrated on a couple of 'closed source' projects? Note: I've nothing against closed source, and certainly nothing against Christian making huge profits , but I remain confident that Christian and the community at large, will continue to drive cuda mining forward in an open fashion. To the earlier poster that asked about XMR/BBR mining profitability: I should have added that I'm still mining XMR myself, even if it would barely pay for the electricity. I have strong convictions to XMR's long term value, so I'll continue to mine & hold. ~ Myagui
|
|
|
|
bigjme
|
|
June 17, 2014, 10:55:35 AM |
|
the great thing with open source is very obvious lately, something isnt in or can be improved then you can do it. we had someone build ccminer for compute 2 cards, we had a mod to add in x13. I personally edit every version of ccminer that i run
|
Owner of: cudamining.co.uk
|
|
|
leofur
Member
Offline
Activity: 117
Merit: 10
|
|
June 17, 2014, 10:57:25 AM |
|
Most people don't seem to grasp the importance of 'open source' to this economy. Open source attracts a lot more people to any project, it creates an inclusive community (as opposed to an exclusionary one), and establishes long term growth. Would Bitcoin have ever been worth *anything* if most of it's mining remained concentrated on a couple of 'closed source' projects? Note: I've nothing against closed source, and certainly nothing against Christian making huge profits , but I remain confident that Christian and the community at large, will continue to drive cuda mining forward in an open fashion. To the earlier poster that asked about XMR/BBR mining profitability: I should have added that I'm still mining XMR myself, even if it would barely pay for the electricity. I have strong convictions to XMR's long term value, so I'll continue to mine & hold. ~ Myagui Of course open source is much better, but what we got here is Christian's source instead. C&c are the only developers of ccminer, if it was a community effort, it was a different story. But as long as he got better code that he keeps for himself, what btw he's totally entitled to do and I have nothing against it, its not really the open source community you're talking about. @bigjme of course it would require much more work and funding from his side, but will also make it more profitable, imo.
|
|
|
|
AizenSou
|
|
June 17, 2014, 11:04:34 AM |
|
XMR is too crowd now. People are mining and holding, waiting for the next DRK. Sorry Christian but it's not my thing. I mine QCN instead, they have the same protocol like XMR and a very competent dev. They even have GUI wallet now (still experimental). Right now everyone's mining XMR, it's my chance to get more QCN. If XMR should ever got explode, I think QCN deserves the same popularity as XMR. QCN has 120 sec block time and 1/2 less block reward than XMR, so logically it should 4 times expensive than XMR .
|
|
|
|
|