Fifth alt coin thread last four got too big.

[citronick]

@ Citronick and SMos users.

I think you are mining ETH with AMD cards ,
Do you still use SMos ?

My RX470s are at SMos, running with claymore, and I'm sad of the hashrate due to DAG thing.
The new fixed AMD drivers helped for windows RIGs, but I'm looking for a solution for SMos rigs... other than switching to W10.
I never mined Eth with something else than Claymore. Maybe SMos include another miner "DAG proof" that you have successfully used ?

The ETH farm is still on smOS, 470s, 480s..... the new drivers need to work on Linux so that Tytanick can put it into smOS... need to wait that -- so this is a Linux issue.

Seems that ETH team will remove the ice-age timebomb but will reduce the reward to half... either way I think its not a good deal for most miners.

My farm is almost 6GHs so I may not feel the pain right away but for miners with 1ghs and below.... you will see the crawl in Linux.... unless you convert to Win10 and enjoy the new drivers.

DASH meanwhile is to the moon...... my baikals and ibelinks are working very hard tonight.

[kopija]

Seems that ETH team will remove the ice-age timebomb but will reduce the reward to half... either way I think its not a good deal for most miners.

Can somebody please enlighten me regarding this reward halving announcement.
They will see massive hashrate drop if they lower the mining rewards.
Ethereum network is breaking down every time a new ICO is launched on it.
With massive miner exodus it will probably totally collapse.
 Are Vitalik&Co crazy to alienate miners?
Maybe I am missing some important piece of the puzzle?
Thank you.

[philipma1957]

Seems that ETH team will remove the ice-age timebomb but will reduce the reward to half... either way I think its not a good deal for most miners.

Can somebody please enlighten me regarding this reward halving announcement.
They will see massive hashrate drop if they lower the mining rewards.
Ethereum network is breaking down every time a new ICO is launched on it.
With massive miner exodus it will probably totally collapse.
 Are Vitalik&Co crazy to alienate miners?
Maybe I am missing some important piece of the puzzle?
Thank you.

If you are amd 470's,480's, 570's, 580's  you should have sold and converted to 1080 ti's

you option now is windows 10 until  linux  has new drivers.

[dragonmike]

Seems that ETH team will remove the ice-age timebomb but will reduce the reward to half... either way I think its not a good deal for most miners.

Can somebody please enlighten me regarding this reward halving announcement.
They will see massive hashrate drop if they lower the mining rewards.
Ethereum network is breaking down every time a new ICO is launched on it.
With massive miner exodus it will probably totally collapse.
 Are Vitalik&Co crazy to alienate miners?
Maybe I am missing some important piece of the puzzle?
Thank you.

If you are amd 470's,480's, 570's, 580's  you should have sold and converted to 1080 ti's

you option now is windows 10 until  linux  has new drivers.

This being said, you never know what's around the corner. You can always mine something else after ETH. Granted it might be less profitable... but if you just carry on, you will accumulate coins that will probably be worth a lot more in a few months time. You do not HAVE TO sell your AMD cards.

[philipma1957]

Seems that ETH team will remove the ice-age timebomb but will reduce the reward to half... either way I think its not a good deal for most miners.

Can somebody please enlighten me regarding this reward halving announcement.
They will see massive hashrate drop if they lower the mining rewards.
Ethereum network is breaking down every time a new ICO is launched on it.
With massive miner exodus it will probably totally collapse.
 Are Vitalik&Co crazy to alienate miners?
Maybe I am missing some important piece of the puzzle?
Thank you.

If you are amd 470's,480's, 570's, 580's  you should have sold and converted to 1080 ti's

you option now is windows 10 until  linux  has new drivers.

This being said, you never know what's around the corner. You can always mine something else after ETH. Granted it might be less profitable... but if you just carry on, you will accumulate coins that will probably be worth a lot more in a few months time. You do not HAVE TO sell your AMD cards.

The time to sell them was when I was telling people to sell them  around  6 weeks ago..

If I had them now I would not sell them.

[LoneRangir]

Yah, the driver fix from AMD had been lackluster at best.  I'm glad I sold what I did.

[QuintLeo]

Yah, the driver fix from AMD had been lackluster at best.  I'm glad I sold what I did.

 Worse yet - windows only, STILL no fix for LINUX - which is probably the OS on a large majority of mining rigs.

 AMD proving to be out of touch a LOT this year on the GPU side.

[LoneRangir]

Yah, the driver fix from AMD had been lackluster at best.  I'm glad I sold what I did.

 Worse yet - windows only, STILL no fix for LINUX - which is probably the OS on a large majority of mining rigs.

 AMD proving to be out of touch a LOT this year on the GPU side.

Well, they don't see it as a major driving force of card sales going forward.

/end sarcasm

[philipma1957]

Yah, the driver fix from AMD had been lackluster at best.  I'm glad I sold what I did.

 Worse yet - windows only, STILL no fix for LINUX - which is probably the OS on a large majority of mining rigs.

 AMD proving to be out of touch a LOT this year on the GPU side.

Well, they don't see it as a major driving force of card sales going forward.

/end sarcasm

Or they may be mining   

I am happy to be all 1080 ti at the moment looking to go from 17 to 20 of them.

[LoneRangir]

At least that would make sense!

[philipma1957]

At least that would make sense!

Sure would  have a custom in house bios for the company mining farm.

And restrict  the vega  so that it mines poorly for us.

This  allows it to sell mostly to gamers. = good sales for them

Second  self mine at a big discount  since they built the gear. =  this gives them  mining sales/profit  and prevents normal miner from buying all the gear out.

Based on the ceo's statements  it could be their plan  from now till early spring.

This would be a good thing if you are loaded up on 1080ti's

[rs1x]

Do you guys use other sources than "whattomine" to determine what's most profitable?

[car1999]

At least that would make sense!

Sure would  have a custom in house bios for the company mining farm.

And restrict  the vega  so that it mines poorly for us.

This  allows it to sell mostly to gamers. = good sales for them

Second  self mine at a big discount  since they built the gear. =  this gives them  mining sales/profit  and prevents normal miner from buying all the gear out.

Based on the ceo's statements  it could be their plan  from now till early spring.

This would be a good thing if you are loaded up on 1080ti's

which coin are your 1080ti mining? what's the $ profits per day per  card?

[philipma1957]

At least that would make sense!

Sure would  have a custom in house bios for the company mining farm.

And restrict  the vega  so that it mines poorly for us.

This  allows it to sell mostly to gamers. = good sales for them

Second  self mine at a big discount  since they built the gear. =  this gives them  mining sales/profit  and prevents normal miner from buying all the gear out.

Based on the ceo's statements  it could be their plan  from now till early spring.

This would be a good thing if you are loaded up on 1080ti's

which coin are your 1080ti mining? what's the $ profits per day per  card?

Zec is the major coin.
Skein
Skunk
2 to 5 bucks each 1080ti. Lots of variation

Zec is hot right now

[Storx]

At least that would make sense!

Sure would  have a custom in house bios for the company mining farm.

And restrict  the vega  so that it mines poorly for us.

This  allows it to sell mostly to gamers. = good sales for them

Second  self mine at a big discount  since they built the gear. =  this gives them  mining sales/profit  and prevents normal miner from buying all the gear out.

Based on the ceo's statements  it could be their plan  from now till early spring.

This would be a good thing if you are loaded up on 1080ti's

which coin are your 1080ti mining? what's the $ profits per day per  card?

I use Awesome Miner, I have it setup to profit switch every 5 minutes between SIGT, ZEC, and ZEN at the moment. I have ZEN and ZEC setup on bittrex to auto transfer as soon as im payed from a block and autosell on bittrex, SIGT i have been holding onto, its been my hot trading coin.. been following it super close to ride the drama train waves.. with the 3 coins being used for profit switching, im averaging $3.37/per 1080ti card for last 7 days on mining

[HerbPean]

i'm quite happy with all my AMD. Everything is paid. I had no intention to flip them for nvidia especially when we didn't know what Vega would bring. The new card isn't dead yet. Few drivers update, probably some optimization from Claymore and let's see.

Pretty sure there will be a nice fix for the driver anytime soon for 4x 5x series. For the time been, my army will still serve me mining ETH all the way. I have cheap electricity at home and no heat issue since the summer is getting cooler as we speak.

Bring the halving, let see a nice price rise.

[Storx]

Storx, thank for sharing the charts. Could you explain your trading strategy ? for example, when you buy SIGT, how much % more do you put the sell order ? or maybe you think another way ?

Because when I see the chart, I see it was a good day for someone who bought cheap => he went able to sell higher.
But as it is hard to guess growth and decrease before they happen, I would be glad to know how you work on it !

I am by far no pro at trading, i am just trading sigt mainly because it has such large swings in the coin and due to my btc account amount, i can afford the smaller trades it can support, if i was a larger trader i couldn't trade SIGT, because there is just not enough volume to support large btc orders...

The reasoning behind the above chart moves is i was predicting the coin to increase in value, because it hit a few more semi-major exchanges on the market and nicehash un-suspended the rental side of it from all the drama causing them to place it on suspension. So i figured with the 2 events, the coin should increase in value some, so i spaced out my sells to ride the wave up, starting with levels that the coin typically hit multiple times... then based on the percentage of gain i would take the difference and view it as free coins and price them either at 50% profit level or 100% depending on the situation...

So crude example...

Lets say i buy in at 100,000 sigt @ 0.00001

I know from past trades at a buyin at that level its not hard for me to get 50% increase in profit as long as im patient enough, so i split up the sells so i am still holding coins if i see a breakout action about to occur...
So i since im looking for 50% move, i would take half the coins 50,000 and put 25k of those on a sell @ 0.00002, then i would split the other 25k putting 12.5k @ 0.000019 and 12.5k @ 0.000021.... then i view the last 50k coins as free coins at that point, so typically i just set them at a much higher profit level like 0.00003 or 0.00004....

Then throughout the day i buy small positions like 5k or 10k coins at a time and do small 50 or 100pt movements if im seeing a lot of small movements in the coin using my mined coins
So if i see a lot of movement lets says between 1550 and 1650, ill sell like 10k coins at 1650, then place another order at 1550 for 10k to replenish those coins.

To date, i have probably moved like 600-700k of coins, i only have 1 single order that i have yet to turn into positive profit.. that order still sits waiting for a out position, sometimes i have orders that i cant sell right away, so i have to sit on them for a week or a few days before they sell.. but that one order is for 3500 coins i bought in @0.000035, all other coins trades i have eventually made a profit on.

[philipma1957]

At least that would make sense!

Sure would  have a custom in house bios for the company mining farm.

And restrict  the vega  so that it mines poorly for us.

This  allows it to sell mostly to gamers. = good sales for them

Second  self mine at a big discount  since they built the gear. =  this gives them  mining sales/profit  and prevents normal miner from buying all the gear out.

Based on the ceo's statements  it could be their plan  from now till early spring.

This would be a good thing if you are loaded up on 1080ti's

which coin are your 1080ti mining? what's the $ profits per day per  card?

I use Awesome Miner, I have it setup to profit switch every 5 minutes between SIGT, ZEC, and ZEN at the moment. I have ZEN and ZEC setup on bittrex to auto transfer as soon as im payed from a block and autosell on bittrex, SIGT i have been holding onto, its been my hot trading coin.. been following it super close to ride the drama train waves.. with the 3 coins being used for profit switching, im averaging $3.37/per 1080ti card for last 7 days on mining

Yeah the 3.37 a card is close to me.

I am 14 x 1080 ti zec
I am 3 x 1080 ti skunk

9 are zec at suprnova then bittrex hold
3 are skunk zpool auto btc convert
5 are zec nicehash auto btc convert

I never never never auto profit switch as it ruins the hot coins since other miners all switch to a hot coin.
I understand why people like the software but they flatten the price of coins

[citronick]

Yah, the driver fix from AMD had been lackluster at best.  I'm glad I sold what I did.

Majority of the farms are Linux and AMD -- and so eventually the driver fix for Linux will arrive.

I don't feel the pinch yet because the farm is still bringing in 1.2-1.5 ETH a day (VS circa Nov 2015, 20-25 ETH per day is all in a day work with less GHs)

Anticipating costlier ETH maybe 600-800$ ETH towards POS..... if you have big hash, I think its still profitable to mine till the end.

If you have less than 1GHs, mining has probably hit crawling stage -- then to sell and move to NVIDIA probably would be better off (or get the ETH rigs to mine ZEC is also an attractive proposition esp when you have already ROI the rigs).

Once the party is over, the ETH farm can always hide at Nicehash rentals, and start collecting BTCs.

[Storx]

At least that would make sense!

Sure would  have a custom in house bios for the company mining farm.

And restrict  the vega  so that it mines poorly for us.

This  allows it to sell mostly to gamers. = good sales for them

Second  self mine at a big discount  since they built the gear. =  this gives them  mining sales/profit  and prevents normal miner from buying all the gear out.

Based on the ceo's statements  it could be their plan  from now till early spring.

This would be a good thing if you are loaded up on 1080ti's

which coin are your 1080ti mining? what's the $ profits per day per  card?

I use Awesome Miner, I have it setup to profit switch every 5 minutes between SIGT, ZEC, and ZEN at the moment. I have ZEN and ZEC setup on bittrex to auto transfer as soon as im payed from a block and autosell on bittrex, SIGT i have been holding onto, its been my hot trading coin.. been following it super close to ride the drama train waves.. with the 3 coins being used for profit switching, im averaging $3.37/per 1080ti card for last 7 days on mining

Yeah the 3.37 a card is close to me.

I am 14 x 1080 ti zec
I am 3 x 1080 ti skunk

9 are zec at suprnova then bittrex hold
3 are skunk zpool auto btc convert
5 are zec nicehash auto btc convert

I never never never auto profit switch as it ruins the hot coins since other miners all switch to a hot coin.
I understand why people like the software but they flatten the price of coins

I mainly profit switch currently because difficulty varies so much during the day on SIGT, especially with Zpool on it.. so during period the profit is less profitable on that coin i have it do the 2 trusty coins that always payout around $3/gpu... i find at night the nethash on SIGT rises way to much from miners jumping on that coin or possibly turning up their gear due to less heat issues causing the coin to be harder to mine... so with the profit switching setup, i find during the day SIGT is mainly mined, but during night time hours i find i am mining ZEC and ZEN more.. idk why that pattern is occuring..