[ANN] Credits(CRDS): CPU-only mining | Argon2d PoW - Masternodes

[mainconcept]

There is no mining pool for CRDS yet? How can I solo mine if there is no mining pool yet?

You know what a mining pool is for? For solo mining you only have to open the debug console and type "setgenerate true -1", thats all.

[Sikkan666]

This coin needs a pool and a good miner now! Diff is making it really hard for small-timers to solo!

[LittIeGoriIIa]

We've doubled the bounty for the swimming pool for that exact cause of equality Exploration has exploded, we understood this project is massive, but this is huge.

[dandruff1138]

Have any more explorers?

[go6ooo1212]

wtb credits, pm for rates

Feel free:
https://coinsmarkets.com/trade-BTC-CRDS.htm

[loremipsum]

Have any more explorers?

This is the only explorer right now:
http://explorer.crds.co/richlist
Keep in mind that the highest balance is the premine, which is still held for bounties.

Also, we have increased the bounty for the generation of a standalone miner that is equally fast or faster that the wallet miner. The bounty is now 15000CRDS.

[J0HN3F1V3]

Have any more explorers?

This is the only explorer right now:
http://explorer.crds.co/richlist
Keep in mind that the highest balance is the premine, which is still held for bounties.

Also, we have increased the bounty for the generation of a standalone miner that is equally fast or faster that the wallet miner. The bounty is now 15000CRDS.

Nice bounty currently valued at just under $1000 at these prices, hopefully it brings in some interest from devs

[mrankin]

Have any more explorers?

This is the only explorer right now:
http://explorer.crds.co/richlist
Keep in mind that the highest balance is the premine, which is still held for bounties.

Also, we have increased the bounty for the generation of a standalone miner that is equally fast or faster that the wallet miner. The bounty is now 15000CRDS.

Details for this bounty and other one off bounties can be found in the #tasks server within the Credits Discord - https://discord.gg/Hq7dKhh

[ronnylov]

Is this correct way to calculate mining profit?

First I check block Explorer:
http://explorer.crds.co/richlist
Network 1.79 MH/s
Difficulty 0.08888

According to ANN:
POW blocks: 675 / day
Block reward: 10 CRDS

So 1.79 MH/s total hashrate in the network gives 675 block/day.
Let's say I have a miner with 50 kH/s which is 0.05 MH/s.
That means I get 10*675*0.05/1.79 = 189 CRDS / day with my hashrate?
1 CRDS = 0.000008700 BTC
1 BTC = 6491$

189 CRDS / day = 189 * 0.000008700 * 6491 $ / day = 10.67$ / day

I read that an overclocked Ryzen 7 CPU should get 60 kH/s. I have a Ryzen 7 1700 but don't overclock so I expect maybe 50 kH/s. So it will give me around 10$ / day on average? I know with solo mining it depends on luck but in the long run it should getting closer to average. The price and difficulty varies but I just wanted to get a rough estimate if it is profitable or not.

[busminer]

Any mining guide for CRDS ?

[mrankin]

Is this correct way to calculate mining profit?

First I check block Explorer:
http://explorer.crds.co/richlist
Network 1.79 MH/s
Difficulty 0.08888

According to ANN:
POW blocks: 675 / day
Block reward: 10 CRDS

So 1.79 MH/s total hashrate in the network gives 675 block/day.
Let's say I have a miner with 50 kH/s which is 0.05 MH/s.
That means I get 10*675*0.05/1.79 = 189 CRDS / day with my hashrate?
1 CRDS = 0.000008700 BTC
1 BTC = 6491$

189 CRDS / day = 189 * 0.000008700 * 6491 $ / day = 10.67$ / day

I read that an overclocked Ryzen 7 CPU should get 60 kH/s. I have a Ryzen 7 1700 but don't overclock so I expect maybe 50 kH/s. So it will give me around 10$ / day on average? I know with solo mining it depends on luck but in the long run it should getting closer to average. The price and difficulty varies but I just wanted to get a rough estimate if it is profitable or not.

Yes your maths is correct, however it may not work out like that precisely.

Any mining guide for CRDS ?

Not yet, I'll get one written up today if I can.

[ronnylov]

Is this correct way to calculate mining profit?

First I check block Explorer:
http://explorer.crds.co/richlist
Network 1.79 MH/s
Difficulty 0.08888

According to ANN:
POW blocks: 675 / day
Block reward: 10 CRDS

So 1.79 MH/s total hashrate in the network gives 675 block/day.
Let's say I have a miner with 50 kH/s which is 0.05 MH/s.
That means I get 10*675*0.05/1.79 = 189 CRDS / day with my hashrate?
1 CRDS = 0.000008700 BTC
1 BTC = 6491$

189 CRDS / day = 189 * 0.000008700 * 6491 $ / day = 10.67$ / day

I read that an overclocked Ryzen 7 CPU should get 60 kH/s. I have a Ryzen 7 1700 but don't overclock so I expect maybe 50 kH/s. So it will give me around 10$ / day on average? I know with solo mining it depends on luck but in the long run it should getting closer to average. The price and difficulty varies but I just wanted to get a rough estimate if it is profitable or not.

Yes your maths is correct, however it may not work out like that precisely.

Any mining guide for CRDS ?

Not yet, I'll get one written up today if I can.

Thanks! It sure looks profitable enough to try some CPU mining!
I also have a server with four AMD Opteron 6276 CPU (64 cores in total).
This will be interesting :-)

Edit: How do I start mining using command line only?
I was able to start it in the gui wallet but I want to run it on a headless machine without gui,
credits-cli dows not seem to work (or I don't know how to start it correcly).

Anyway I got 23.6 kH/s with an AMD FX-8350 CPU using 8 threads.

Edit: I won 3 blocks with the FX-8350 in 8 hours so the calculations seems to be correct (or I was just lucky).

[dma88]

according to the distribution, there should be about 2,500,000 coins after 1 year.  but the block explorer says there are already 3.3mil coins!  less than half a year!  someone is instaming this, getting ready to dump as soon as there's any decent liquidity.  can someone explain this??

[ronnylov]

Masternode reward: 1 CRDS.

How often is this reward for master node payed?


Another question:
Can mining be done by the daemon creditsd without having to start the qt GUI wallet?

[andrew2k]

according to the distribution, there should be about 2,500,000 coins after 1 year.  but the block explorer says there are already 3.3mil coins!  less than half a year!  someone is instaming this, getting ready to dump as soon as there's any decent liquidity.  can someone explain this??

The code behind Credits couldn't be tested with that much hashing power so when it launched and there were 4-5 Mh/s thrown at the network a bug was discovered. That bug made the network get stuck and then be flooded with thousands or tens of thousands of blocks. At block 250,000 we had a hard fork that solved this problem, blocks solved ahead of time no longer being accepted.

Right now we still face a few issues with the network (the chain still gets stuck for 30-40 minutes or more from time to time, it happens mainly when the total hashrate goes of over 1Mh/s) but we're investigating and working on it. We'll have a hard fork pretty soon and hopefully it will fix this and also it will allow for pool mining and the usage of standalone miners.

[ronnylov]

Masternode reward: 1 CRDS.

How often is this reward for master node payed?


Another question:
Can mining be done by the daemon creditsd without having to start the qt GUI wallet?

I think I can answer myself.

1 CRDS / block is shared to all masternodes?
According to my wallet there is 158 master nodes.
675/158 = 4 CRDS / day to a master node.
That would be something like 31% / year income of the 5000 CRDS needed for a master node?
Correct me if I am wrong.

Yes mining was started when starting creditsd if I enabled mining in the file credits.conf
gen=1
genproclimit=8

#Enables mining with 8 threads


And now I have also tried mining with my Ryzen 7 1700 CPU.
I got 47.5 kH/s without any overclocking (compiling wallet from source code on Arch Linux).
But now I have bad luck finding blocks...

[pomartin]

Masternode reward: 1 CRDS.

How often is this reward for master node payed?


Another question:
Can mining be done by the daemon creditsd without having to start the qt GUI wallet?

I think I can answer myself.

1 CRDS / block is shared to all masternodes?
According to my wallet there is 158 master nodes.
675/158 = 4 CRDS / day to a master node.
That would be something like 31% / year income of the 5000 CRDS needed for a master node?
Correct me if I am wrong.

Yes mining was started when starting creditsd if I enabled mining in the file credits.conf
gen=1
genproclimit=8

#Enables mining with 8 threads


And now I have also tried mining with my Ryzen 7 1700 CPU.
I got 47.5 kH/s without any overclocking (compiling wallet from source code on Arch Linux).
But now I have bad luck finding blocks...

I'd like to know this about master nodes aswell.
Please aproove or correct his statement.

@ronnylov as andrew2k mentioned chain sometimes gets stuck for a while, in meantime it seems impossible to mine a block. After it starts functioning normally your calculation should preety much cover actual yeld.
I'm putting two of mine dl580g7 to this project, 200kH/s so far. Keep up the good work devs, I really like the idea.

[andrew2k]

Masternode reward: 1 CRDS.

How often is this reward for master node payed?


Another question:
Can mining be done by the daemon creditsd without having to start the qt GUI wallet?

I think I can answer myself.

1 CRDS / block is shared to all masternodes?
According to my wallet there is 158 master nodes.
675/158 = 4 CRDS / day to a master node.
That would be something like 31% / year income of the 5000 CRDS needed for a master node?
Correct me if I am wrong.

Yes mining was started when starting creditsd if I enabled mining in the file credits.conf
gen=1
genproclimit=8

#Enables mining with 8 threads


And now I have also tried mining with my Ryzen 7 1700 CPU.
I got 47.5 kH/s without any overclocking (compiling wallet from source code on Arch Linux).
But now I have bad luck finding blocks...

I'd like to know this about master nodes aswell.
Please aproove or correct his statement.

@ronnylov as andrew2k mentioned chain sometimes gets stuck for a while, in meantime it seems impossible to mine a block. After it starts functioning normally your calculation should preety much cover actual yeld.
I'm putting two of mine dl580g7 to this project, 200kH/s so far. Keep up the good work devs, I really like the idea.

His calculations are correct and your statement is just as true. Once the network will start functioning normally, after a few updates, the rewards you will get in real life will be just as in theory. Currently, because the blockchain gets stuck from time to time, transactions get delayed and the daily rewards for mining and MN are smaller than they should be.

[CapacabanaBitch]

Where to buy tokens?

[J0HN3F1V3]

Where to buy tokens?

http://coinsmarkets.com/trade-BTC-CRDS.htm