[ANN][YAC] yacoin: yet another altcoin. START is now.

[Dacm4n]

Anyone know the total coin cap? I don't see it on the OP.

[barwizi]

Some data for the list:

i5 3570k @4,7ghz 315kh/s
i5  (3ghz)  ~190 kh/s
i3 (sandy) 3.1ghz = 115 kh/s
i5 2450m (2.9ghz) = 105 kh/s

teach me master!! i5 3450, how to raise kh/s?

[Vycid]

My thoughts on all this:

We've reached the point where AWS EC2 spot instances for mining YAC are no longer profitable (I know, since I just shut down 40 extra large clusters). That means from here on out mining is going to start being done by people who own their hardware (read: everybody with a CPU).

That's a good thing, because it's properly decentralized. It's much harder to run a CPU farm as cost-efficiently as a GPU farm (you certainly can't have 6 consumer-grade CPUs per motherboard, and server hardware is expensive).

Meanwhile, the people with the largest YAC stacks are people who fired up server clusters to mine the crap out of it early on. The people with the insight and skill to do that will largely have been developers.

If most of the YAC is owned by developers, there's a huge motive to develop applications for YAC to see it succeed.

So we've got a properly decentralized currency with built-in developer support.

See you guys on the other side of 50 LTC/kYAC.

[zhaojundong]

need people to help with the yacoin website: http://yacoin.webs.com/

thx!

It has chat, forum, video, etc!


If creating this website helped, thank you!

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Y4QD9EiAKzfpq8iTAxi3xw83wpkvSbMU9x

I think http://www.yacoin.org looks much better!

Please correct main page:
" crypto currency to gaurantee long-term protection  "

thx!
i have fixed it.

[fenican]

vycid not quite yet still very profitable on us east c.xlarge particularly with currency prices on the rise

[josiasrdz]

What is better for mining server or desktop cpus?

[Vycid]

vycid not quite yet still very profitable on us east c.xlarge particularly with currency prices on the rise

Really? Just shut down 20 cc2.8xlarge in Virginia because I was at breakeven. Instance price was 0.27/hr or so, I think.

[fenican]

drop back to the .075 ones c.xlarge

[Vycid]

drop back to the .075 ones c.xlarge

Hold on, how many ECU do those have? 20, right? My cc2.8xlarge had 88 each, so they were still a better deal...

For reference, yacoind was making about 750kh/s out of each cc2.8xlarge.

[fenican]

not sure getting about 42469 kH/s out of 200 of them ; 212 kh/s per c.xlarge

costing me about half what I'm getting in yield (assuming 30 LTC / 1k) at current diff

[Vycid]

not sure getting about 42469 kH/s out of 200 of them ; 212 kh/s per c.xlarge

costing me about half what I'm getting in yield (assuming 30 LTC / 1k) at current diff

Huh.

How'd you get 200 spot instances? AWS limited me to 20.

[fenican]

limits are higher for c.xlarge

[HotSwap]

I just shutdown my EC2 as well, just not worth it any more. Though with all these people shutting them down maybe the diff will drop again...

[Vycid]

Well, even if it's 100% profit, I'm kinda burned out so I'm done.

I'm going to post a quick guide for anyone still thinking about doing some AWS mining. Note that this is a fairly primitive method, and I'm only putting it here because it's so easy anyone can do it.

First, you need to start a single instance of Ubuntu 12.04.1 LTS, either for server or cluster - doesn't matter. Then SSH into it (don't forget to set your security settings to allow your SSH!). I'll add the detailed instructions for this later - but honestly, AWS is pretty simple, I think anyone can figure it out.

Once your SSH connects, enter the following 3 commands in sequence:

wget https://downloads.sourceforge.net/project/vycid/setupunix.sh?r=&ts=1368081732&use_mirror=masterse

chmod +x setupunix.sh?r

./setupunix.sh?r

Then sit on your hands. KEEP THE SSH SESSION OPEN. Before long a message will appear saying something like

**** MINING HAS BEGUN ****

You can then use the following two commands to get your yacoins as they are mined:

./yacoind getbalance - gets the balance of your miner account

./yacoind sendtoaddress <address> <amount>

Make sure the amount you send is at least 0.01 YAC less than the getbalance amount to allow for the transaction fee.

Keep in mind the blockchain has to be downloaded before any blocks can be found. This won't take long, since it's still quite short. You can check the estimated hashrate with ./yacoind gethashespersec

If this helps you, maybe kick some of the yacoin you mine my way at Y2JcwhZu9m6cqPZ3Jv8iKspcJYNY5wa5zc  

I'll complete this guide and start a thread for it in an hour or two.

NOTE: For the love of god, read the setupunix.sh bash script with a text file editor before you run it. You can't be sure what I put in there otherwise.

[jdebunt]

Well, even if it's 100% profit, I'm kinda burned out so I'm done.

I'm going to post a quick guide for anyone still thinking about doing some AWS mining. Note that this is a fairly primitive method, and I'm only putting it here because it's so easy anyone can do it.

First, you need to start a single instance of Ubuntu 12.04.1 LTS, either for server or cluster - doesn't matter. Then SSH into it (don't forget to set your security settings to allow your SSH!). I'll add the detailed instructions for this later - but honestly, AWS is pretty simple, I think anyone can figure it out.

Once your SSH connects, enter the following 3 commands in sequence:

wget https://downloads.sourceforge.net/project/vycid/setupunix.sh?r=&ts=1368081732&use_mirror=masterse

chmod +x setupunix.sh?r

./setupunix.sh?r

Then sit on your hands. KEEP THE SSH SESSION OPEN. Before long a message will appear saying something like

**** MINING HAS BEGUN ****

You can then use the following two commands to get your yacoins as they are mined:

./yacoind getbalance - gets the balance of your miner account

./yacoind sendtoaddress <address> <amount>

Make sure the amount you send is at least 0.01 YAC less than the getbalance amount to allow for the transaction fee.

Keep in mind the blockchain has to be downloaded before any blocks can be found. This won't take long, since it's still quite short. You can check the estimated hashrate with ./yacoind gethashespersec

If this helps you, maybe kick some of the yacoin you mine my way at Y2JcwhZu9m6cqPZ3Jv8iKspcJYNY5wa5zc  

I'll complete this guide and start a thread for it in an hour or two.

NOTE: For the love of god, read the setupunix.sh bash script with a text file editor before you run it. You can't be sure what I put in there otherwise.

testing it out , thanks alot for the guide, looks fun

[gica_contra]

Why does it say the site is down when I try to download the client?

[barwizi]

Why does it say the site is down when I try to download the client?

there was a limit to the number of people  who can download it, sorry. 


but nah, jus spam that refresh button.

[super3]

I'm actually working with a hosting provider right now, that might let me do custom instances with large amounts of CPUs. Let me redo my math here, and you guys can check it.
The pool I am using says I'm getting 53.596 yac/day and I am mining 328 k/s. So that means 0.1634 yac per day/per hash.  
A core earns about ~25 khash/s. So a core would be worth 4.085 yac per day, and 122.551 yac per month.

Current average exchange rate at 30 LTC per 1K yac is 0.03 yac/ltc. So thats about 0.12 ltc per core/per day. It costs at least 2ltc/month to rent a single core.
So you would break even at day 16(about halfway through the month).

So basically you would earn just a little less than 2x what you put in at current prices and difficult as long as you don't use aws.
Basically use my 0.12 ltc per core/per day vs whatever your own ltc per core/per day cost is to get your profit.

Anyone want to work with me on this? Its currently setup and mining. Just want to buy way more cores.

[Vycid]

I'm actually working with a hosting provider right now, that might let me do custom instances with large amounts of CPUs. Let me redo my math here, and you guys can check it.
The pool I am using says I'm getting 53.596 yac/day and I am mining 328 k/s. So that means 0.1634 yac per day/per hash.  
A core earns about ~25 khash/s. So a core would be worth 4.085 yac per day, and 122.551 yac per month.

Current average exchange rate at 30 LTC per 1K yac is 0.03 yac/ltc. So thats about 0.12 ltc per core/per day. It costs at least 2ltc/month to rent a single core.
So you would break even at day 16(about halfway through the month).

So basically you would earn just a little less than 2x what you put in at current prices and difficult as long as you don't use aws.
Basically use my 0.12 ltc per core/per day vs whatever your own ltc per core/per day cost is to get your profit.

Anyone want to work with me on this? Its currently setup and mining. Just want to buy way more cores.

Whoa! You're going to rent servers for a month??? Don't do that! The difficulty is going up exponentially, you're going to lose money!

[shaal]

I'm actually working with a hosting provider right now, that might let me do custom instances with large amounts of CPUs. Let me redo my math here, and you guys can check it.
The pool I am using says I'm getting 53.596 yac/day and I am mining 328 k/s. So that means 0.1634 yac per day/per hash.  
A core earns about ~25 khash/s. So a core would be worth 4.085 yac per day, and 122.551 yac per month.

Current average exchange rate at 30 LTC per 1K yac is 0.03 yac/ltc. So thats about 0.12 ltc per core/per day. It costs at least 2ltc/month to rent a single core.
So you would break even at day 16(about halfway through the month).

So basically you would earn just a little less than 2x what you put in at current prices and difficult as long as you don't use aws.
Basically use my 0.12 ltc per core/per day vs whatever your own ltc per core/per day cost is to get your profit.

Anyone want to work with me on this? Its currently setup and mining. Just want to buy way more cores.

Remember the difficulty is going up very quickly, so gotta take that into account!!