Mining for the non-profit sector. Need to exceed 2 mBTC per day per 1070…

[sirslayer]

You asked for help and this is how you answer..  read my previous post on nicehash bitcointalk.org forum and read the date of my post.   CONS LIKE YOU WON'T GO ANYWHERE!!

[n4ru]

and also you're not adding in the BTC price value. if BTC was at $3000 usd for one coin last week and its @ $2500 today for an example  a lost $500 value is directly proportional to your earnings per day..   if you converted to BTC...   get it... hint .. hint   

Do you even fucking run NiceHash? It gives you a readout in mBTC and the fiat currency of users' choice. You'll notice I didn't cite the earning capacity in fiat currency, I cited it in mBTC because I'm not a total fucking moron like your shitty and useless message implies. Thank you all for letting me know that this community is the worst possible place to recruit a coder for a new project. You all can fuck off. I don't care at this point if I get moderated and my account gets blocked. This forum is full of useless, flame-happy masturbators.

FOR THE LAST TIME NICEHASH MINER HAS A VIRTUAL MEMORY ALLOCATION BUG I DON'T KNOW HOW TO GET AROUND AND ITS LATEST VERSION COMES WITH A LEGAL NOTICE THAT HAS SCARED MY FUNDERS OFF. IF NONE OF YOU HAS ANY INTEREST IN WRITING SOFTWARE THAT PAYS USERS IN BITCOIN FOR MINING A LESS MAINSTREAM CRYPTOCURRENCY AND HARDCODING CPU EARNINGS FOR YOURSELF THEN FUCK OFF AND STOP POSTING IN MY GOD DAMN THREAD

what a moron.

[AQBQVF]

I allocated some SSD space on my test machine for virtual memory and lo and behold, I'm over 1.4 mBTC per day. Y'all need to go fuck yourselves.

[sirslayer]

you know that your postings are google accessible and i hope your funders finds this thread

[nonpsyco@gmail.com]

and also you're not adding in the BTC price value. if BTC was at $3000 usd for one coin last week and its @ $2500 today for an example  a lost $500 value is directly proportional to your earnings per day..   if you converted to BTC...   get it... hint .. hint  

Do you even fucking run NiceHash? It gives you a readout in mBTC and the fiat currency of users' choice. You'll notice I didn't cite the earning capacity in fiat currency, I cited it in mBTC because I'm not a total fucking moron like your shitty and useless message implies. Thank you all for letting me know that this community is the worst possible place to recruit a coder for a new project. You all can fuck off. I don't care at this point if I get moderated and my account gets blocked. This forum is full of useless, flame-happy masturbators.

FOR THE LAST TIME NICEHASH MINER HAS A VIRTUAL MEMORY ALLOCATION BUG I DON'T KNOW HOW TO GET AROUND AND ITS LATEST VERSION COMES WITH A LEGAL NOTICE THAT HAS SCARED MY FUNDERS OFF. IF NONE OF YOU HAS ANY INTEREST IN WRITING SOFTWARE THAT PAYS USERS IN BITCOIN FOR MINING A LESS MAINSTREAM CRYPTOCURRENCY AND HARDCODING CPU EARNINGS FOR YOURSELF THEN FUCK OFF AND STOP POSTING IN MY GOD DAMN THREAD

sir, i know that you are upset and enraged but the people in this forum are not idiots and most of them have been mining for far longer than you have ever been mining. They know the ins and outs of mining, they know what are the odds of mining. Even i have been mining well over 2 years now and all i can say is that its almost impossible to mine 2mBTC per 1070 per day by today's standards. Even using different algos on different mining software's, its still not possible for you to get that amount of BTC/day/cards on those cards. i have a 5X1070 mining rig that brings me about 2-4.2mbtc per day and that is the whole rig running stock setting and pulling about 1100W from the wall for 24 hours straight. This also does not get around the fact that i have to pay the electricity bills, my total profit per day is far less than what i initially calculated. My suggestion is for you to realize that there are plenty of other crypto currencies that you are able to mine with that said card and still be more profitable than staying on nicehash. look into Multi algo auto switch miners .
 edit: stay on nicehash, other pools dont want people like you

[moiraine]

Funny that even people as dumb as this can acquire "funding" these days, once it fails hopefully you'll realize you're delusional (Maybe at least your funders will). Of course you're an "economist"(read: PM), anyone can tell you're not an engineer.

The sad thing is, if he's telling the truth he's fucked non-profit investors through sheer ignorance.

[chiwalfrm]

The people you provide these computers to, do they know you are mining and they have to pay for the electricity?  Unless you tell them, that is theft, you are stealing electricity from them to make money for yourself.  What if they put the PC to sleep when they are not using it?  This sounds like a scam to me.

[AQBQVF]

The people you provide these computers to, do they know you are mining and they have to pay for the electricity?  Unless you tell them, that is theft, you are stealing electricity from them to make money for yourself.  What if they put the PC to sleep when they are not using it?  This sounds like a scam to me.

Are you fucking kidding me? THEY WILL BE MINING THEMSELVES DURING OFF-PEAK HOURS I WON'T BE TAKING A CENT FROM BENEFICIARIES' WALLETS. THE MINING REVENUE WILL FUND THE EDUCATION OF THE GIFTED CHILDREN RECEIVING THE MACHINES THAT WILL ALSO HAVE EITHER DONATED OR OPENSOURCE ALTERNATIVES TO RELEVANT SOFTWARE THEY WILL NEED TO PURSUE THEIR CAREERS IN STEM. I'M SORRY YOU THINK THE ONLY PEOPLE INTERESTED IN THE BLOCK CHAIN ARE SCUM BAGS LIKE YOU.

To the person with 5 GPUs getting 2 mBTCs a day, switch to NiceHash ASAP because I'm getting 2.1-2.4 mBTCs per day on my test machine of a Core i5 and two 1070s in SLI configuration.

[AQBQVF]

Or should I say 0.268 GH/s of Lbry per GPU. Assholes.

[nonpsyco@gmail.com]

The people you provide these computers to, do they know you are mining and they have to pay for the electricity?  Unless you tell them, that is theft, you are stealing electricity from them to make money for yourself.  What if they put the PC to sleep when they are not using it?  This sounds like a scam to me.

Are you fucking kidding me? THEY WILL BE MINING THEMSELVES DURING OFF-PEAK HOURS I WON'T BE TAKING A CENT FROM BENEFICIARIES' WALLETS. THE MINING REVENUE WILL FUND THE EDUCATION OF THE GIFTED CHILDREN RECEIVING THE MACHINES THAT WILL ALSO HAVE EITHER DONATED OR OPENSOURCE ALTERNATIVES TO RELEVANT SOFTWARE THEY WILL NEED TO PURSUE THEIR CAREERS IN STEM. I'M SORRY YOU THINK THE ONLY PEOPLE INTERESTED IN THE BLOCK CHAIN ARE SCUM BAGS LIKE YOU.

To the person with 5 GPUs getting 2 mBTCs a day, switch to NiceHash ASAP because I'm getting 2.1-2.4 mBTCs per day on my test machine of a Core i5 and two 1070s in SLI configuration.

2.4mBTC max?..does that even count the electricity bills?. i think i will stay on my pool. i've been on nicehash and i dont really wanna go back for some personal reason.

EDIT: are you sure, because i did some testing on my rig, where i disabled a few GPU's just to see what the real numbers are. May i ask how much is your electricity rate cent/kwh
EDIT: do include the hardware cost also.

[whitrzac]

Your still a goddam idiot for thinking that your 1070 will make you 2mBTC a day. Period.

[sirslayer]

Hey dont be the dumbass that reads from your dashboard..  its all estimates

[adaseb]

For your information,

If you mine using Nicehash you are actually losing money.

You will make more just by mining the coin directly and selling it yourself for BTC.

Nicehash is very user friendly but it comes at a huge cost...

[nonpsyco@gmail.com]

For your information,

If you mine using Nicehash you are actually losing money.

You will make more just by mining the coin directly and selling it yourself for BTC.

Nicehash is very user friendly but it comes at a huge cost...

i agree, this is exactly why i left nicehash

[64dimensions]

As a engineer, I'm sorry that you are handicapped by a econ degree.

I will attempt to explain what is going on to someone of your intellectual caliber:

1) First of all, we use best practices in our discussions here. Ad hominum attacks won't cut. You need to attack the argument, not the person. For a reference see, Irving Copi, Intoduction to Logic, University of California Press.

2) What my home boys are trying to get across is that your data assumptions are faulty. The mining yield of X per day per 1070, X is a dependent stochastic number.  X is dependent on several stochastic variables. Your major problem is extrapolating a time series composed of hundreds of points just based on a few measured points. You also give the
impression of cherry picking your data.

3) Did it not occur to you that mining is a competitive endeavor?  Wherever there is a profit to be made on coin mining, thousands of people and systems are participating. Furthermore, where there is coin profit, the number of mining systems mining a profitable coin is monotonically increasing.

4) A logical problem with your requirement of a 2 mBTC/day return, is that any coin having such a return, makes itself a target for huge mining farms. Competent people with sharp pencils in the past have deployed hundreds of GPU's within weeks to milk this kind of  free money.

Homework problems:

a) Study/chart whatever, the price of LBR, DCR, ZEC for the last 150 days. You need to look at coins that have had the profit mined out of them.

[dbc23]

and also you're not adding in the BTC price value. if BTC was at $3000 usd for one coin last week and its @ $2500 today for an example  a lost $500 value is directly proportional to your earnings per day..   if you converted to BTC...   get it... hint .. hint   

Do you even fucking run NiceHash? It gives you a readout in mBTC and the fiat currency of users' choice. You'll notice I didn't cite the earning capacity in fiat currency, I cited it in mBTC because I'm not a total fucking moron like your shitty and useless message implies. Thank you all for letting me know that this community is the worst possible place to recruit a coder for a new project. You all can fuck off. I don't care at this point if I get moderated and my account gets blocked. This forum is full of useless, flame-happy masturbators.

FOR THE LAST TIME NICEHASH MINER HAS A VIRTUAL MEMORY ALLOCATION BUG I DON'T KNOW HOW TO GET AROUND AND ITS LATEST VERSION COMES WITH A LEGAL NOTICE THAT HAS SCARED MY FUNDERS OFF. IF NONE OF YOU HAS ANY INTEREST IN WRITING SOFTWARE THAT PAYS USERS IN BITCOIN FOR MINING A LESS MAINSTREAM CRYPTOCURRENCY AND HARDCODING CPU EARNINGS FOR YOURSELF THEN FUCK OFF AND STOP POSTING IN MY GOD DAMN THREAD

*facepalm* *headdesk*

mBTC correlates DIRECTLY to fiat (r=1 actually)

mBTC earning is proportional to market prices, usually translated to USD

with price volatility AND ever increasing diff earnings CAN'T be predicted for any amount of time

earnings per card are VIRTUALLY GUARANTEED to steadily DECREASE over time only

there's plenty of auto-converting pools that do the same as nicehash you seem to be missing (you could provide miners with a pre-configured .bat and achieve the same simplicity)

a member already offered to help set up your own pool if control was a concern

there's other profit switching multi-algo miners available



Spend time to read the info out there, learn the intricacies, ESPECIALLY if you're going to have a fiduciary responsibilty

[AQBQVF]

My test machine had been mining for 71 days at 2.1-2.4 mBTC, yielding consistent payouts of over $20 CAD per week.

$20 CAD per week / 7 added up to almost $3 CAD per day. Divide that by 3 (these machines would mine in beneficiaries' homes overnight for 8 hours per night during off-peak hours for power rates, all beneficiaries would be living in Toronto Community Housing so their electricity would be paid for) $1 CAD per day for ~30 000 days is about $30 000 per beneficiary family which is enough to subsidize their gifted child's education by about 50%. What a horrifically shitty idea, I know.

And for the absolute final time, and blown up for everybody who wants me to build a model based on mine-and-trade.

MY FUNDERS WILL NOT BACK A PROJECT THAT EXPECTS POOR FAMILIES TO TRADE CRYPTOCURRENCIES. IT WAS LIKE PULLING TEETH TO CONVINCE THEM THAT BITCOINS AREN'T THE DEVIL'S MONEY AND THAT MODERN PCs ARE NOT DEVIL BOXES. *****IF YOU WANT TO WRITE SOFTWARE THAT WILL MINE WHATEVER IS MOST VALUABLE IN A GIVEN MOMENT AND PAYS USERS FOR THEIR EFFORT IN BITCOINS, YOU CAN HARDCODE THE PROCEEDS OF CPU MINING TO GO DIRECTLY TO YOUR OWN WALLETS*****. IF THIS IS NOT A PROJECT THAT SOUNDS INTERESTING TO YOU THEN PLEASE STOP REPLYING TO THIS THREAD.

[Marvell1]

Charity... Nice story bro

lol this sht gets funnier everyday lol

[puwaha]

MY FUNDERS WILL NOT BACK A PROJECT THAT EXPECTS POOR FAMILIES TO TRADE CRYPTOCURRENCIES. IT WAS LIKE PULLING TEETH TO CONVINCE THEM THAT BITCOINS AREN'T THE DEVIL'S MONEY AND THAT MODERN PCs ARE NOT DEVIL BOXES. *****IF YOU WANT TO WRITE SOFTWARE THAT WILL MINE WHATEVER IS MOST VALUABLE IN A GIVEN MOMENT AND PAYS USERS FOR THEIR EFFORT IN BITCOINS, YOU CAN HARDCODE THE PROCEEDS OF CPU MINING TO GO DIRECTLY TO YOUR OWN WALLETS*****. IF THIS IS NOT A PROJECT THAT SOUNDS INTERESTING TO YOU THEN PLEASE STOP REPLYING TO THIS THREAD.

So the main problem your benefactors have is that they don't want to use commercial software?  What's preventing you from doing the mining and donating it to them?

[reb0rn21]

@AQBQVF

Don`t listen to trolls here, good coder/programmer can make you miner for 10+ mB per day easy for GTX1070, just ask sp_ he is the top dog there it is