Yacoin Price about to Jump

[ymer]

I've never heard of this one...there must be two new alt.coins coming out every day lately.

YACoin is the strongest from last weeks coins.

[anonynonanony]

I've never heard of this one...there must be two new alt.coins coming out every day lately.

YACoin is the strongest from last weeks coins.

seems to be the only one left standing tbh.

[bitdwarf]

If the hype of YAC's launch thread is the new bar for alts, it's going to be hard for new ones to look exciting.

That may well have raised the diff for the whole alt coin mining. "You need a hype this big to last past first week."

[markm]

Yeah, people are starting to care that BTC is slow... YAC be fast.

GeistGeld is fast too, 15 second blocks, and it is secured by merged mining so is much more affordable to mine. Heck the difficulty is so low still right now that you could probably mine it with a CPU despite it being merged mined, because so few merged mining operators are including it in their merge right now.

It is those coins, the ones with ridiculously low difficulty, that give the massive payoffs for quietly mining them with your CPU during the months or years they manage to stay under the radar.

YAC is hard to mine right now, BBQcoin was really really easy which is why CPU miners made so much profit on BBQcoin. They still get to mine Fairbrix and Tenebrix really really easy too still so for small miners it is the potential for massive payoff like happened with BBQcoin and maybe will yet happen with Fairbrix and Tenebrix that still look best for small miners.

Sure if you are paying for lots of Amazon instances you want your pay soon, but small miners can easily afford to run their desktop CPUs on a few obscure coins like BBQcoin, Tenebrix, and Fairbrix, maybe one core on each or something, for a year or more. BBQcoin probably bought a whole lot of people whole new desktop servers and maybe GPUs to put in them, maybe a new car and a kitchen renovation or something too once it did come out into the limelight.

-MarkM-

[cycloid]

I think this coin is going to stick around. So I am just gonna hold my 50k until xmas and see what happens.

[MyZhre]

Anybody known the total amount of YAC? or it will be infinity?

[bitdwarf]

Anybody known the total amount of YAC? or it will be infinity?

Hard cap is 2 billion, like NovaCoin, but current supply is 2,723,468 and it's crawling at like 25k coins a day.

[jomay]

It makes 0 sense to have a bunch of 7xxx cards mining LTC with Idle cpus which could generate even $.10 per month.

Tell you what all mighty, give me and everyone else using our spare cpu cycles $1 a month and we'll stop?  No? not a good deal?

If the added load on the CPUs cost more than they rake in, they are losing you money not gaining money, so unless you are just making sure you get the max electricity your rent includes, or are stealing the use of other people's CPUs, it is not always economical to run the CPUs mining something compared to letting them idle.

Did you do the calculations? Probably not. I'll be very conservative in my calculcation. Feel free to correct me.

I believe a Core i5 3570k makes >200kH/s now and has a TDP of 77W. Running it a day uses up 1.85kWh and makes you >8 YAC. At an exchange rate of 0.0004 BTC/YAC you make 0.3 USD/day and you break even with a power cost <0.18ct/kWh.

Yes, you don't make much, but you also don't waste money mining for YAC.

GeistGeld is fast too, 15 second blocks, and it is secured by merged mining so is much more affordable to mine.

How do I merge mine GeistGeld? I am very interested. So far I am merge mining NMC, DVC, IXC and whatever else at bitparking, but I don't see a pool that throws GeistGeld into the mix.

[markm]

How do I merge mine GeistGeld? I am very interested. So far I am merge mining NMC, DVC, IXC and whatever else at bitparking, but I don't see a pool that throws GeistGeld into the mix.

Run your own p2pool (or other method of implementing merged mining) is the only way currently, as I don't think bitparking's code is free open source software; I don't think any pool software that has been released as free open source has tackled merged mining yet, so it is pretty much a do it yourself project still at this point.

For a while I ran one where I sold the secondary chain coins for devcoins and sent out the devcoins but it was more work than it was worth. Bounties are being offered now though by the DeVCoin project for tools to make doing it that way easier. (The admin could choose any coin to send out the rewards with, but sending them as bitcoin or devcoin are easy since p2pool already knows the user's bitcoin address and devcoin uses the exact same address style.)

That doesn't help miners actually get their hands on those GeistGelds or whatevers though, a more sophisticated tool would be needed that knows various different kinds of addresses for the users, or a more sophisticated user base would be needed who can not only export bitcoin addresses and import them into devcoin but can also import them into any coin at all. Which would just boggle some users since the other coins' addresses don't even look the same as the bitcoin address they correspond to.

-MarkM-

[WindMaster]

Did you do the calculations? Probably not. I'll be very conservative in my calculcation. Feel free to correct me.

I believe a Core i5 3570k makes >200kH/s now and has a TDP of 77W. Running it a day uses up 1.85kWh and makes you >8 YAC. At an exchange rate of 0.0004 BTC/YAC you make 0.3 USD/day and you break even with a power cost <0.18ct/kWh.

Yes, you don't make much, but you also don't waste money mining for YAC.

Which part of those calculations take into account the conversion efficiency of the switching voltage regulators for the CPU and RAM on the motherboard, and the conversion efficiency of the PC's power supply?  And the increased power consumption of the RAM when memory I/O is occurring?

[thepj]

I've never heard of this one...there must be two new alt.coins coming out every day lately.

YACoin is the strongest from last weeks coins.

Funniest thing I have read all day

[turtle83]

Thanks to whoever dumped 72k YAC bag on Bter recently and dropped price to 0.00035, got some cheap YAC there. Next time you dump huge bag try to make price drop to
or bellow 0.0003 so I can get more YAC for even cheaper.

Don't look at me. Wasnt me.

[jomay]

Did you do the calculations? Probably not. I'll be very conservative in my calculcation. Feel free to correct me.

I believe a Core i5 3570k makes >200kH/s now and has a TDP of 77W. Running it a day uses up 1.85kWh and makes you >8 YAC. At an exchange rate of 0.0004 BTC/YAC you make 0.3 USD/day and you break even with a power cost <0.18ct/kWh.

Yes, you don't make much, but you also don't waste money mining for YAC.

Which part of those calculations take into account the conversion efficiency of the switching voltage regulators for the CPU and RAM on the motherboard, and the conversion efficiency of the PC's power supply?  And the increased power consumption of the RAM when memory I/O is occurring?

nitpicking about details again? Last time I was off by 1% with my guesstimate... it's fun to discuss though.

You are right that I should not advise anybody to mine. The guesses were based on (one of) the most efficient consumer processor available at the moment. And I personally don't bother mining.

The answer to your questions: I deemed these factors as negligible as 1) TDP is usually higher than the CPU power draw and I didn't subtract idle power draw 2) RAM is negligible (5W?) 3) if you don't have a Gold power supply (90% efficiency) you are doing it wrong. But quite frankly, these are all guesses.

What I do know is the power delta at the power socket of a Core i7 3930k, 16GB RAM system when mining YAC with 10 threads: 140W when the CPU is overclocked to 3.8GHz and it gets 320kH/s. The TDP is 130W, so whole system power delta is +10% of TDP when overclocked. Whilst this would possibly point to a non-conservative guesstimate, you will agree that an Ivy Bridge i5 3570k is more energy efficient and faster per clock than my power hog.

Another good point would have been: what about the increased heat in the case (if not open) and hence aging of components? What about the loss of hash rate in GPU mining if you are not careful and saturate the CPU?

[jomay]

Thanks to whoever dumped 72k YAC bag on Bter recently and dropped price to 0.00035, got some cheap YAC there. Next time you dump huge bag try to make price drop to
or bellow 0.0003 so I can get more YAC for even cheaper.

Don't look at me. Wasnt me.

I do fear/believe that pocopoco dumps his coins. It'd be interesting to know how much the dev mined and how much people in the forum mined.

[seleme]

well, if he dumps them he won't get rich now. Daily volume on bter so far is barely above 100 btc.

However, I don't mind him or anyone else dumping, they have the right to do what they want. If coin is strong enough to do good at market it will, if not, it won't.

[seleme]

Mined 2300, bought pretty much same as megastore

[miaviator]

Did you do the calculations? Probably not. I'll be very conservative in my calculcation. Feel free to correct me.

I believe a Core i5 3570k makes >200kH/s now and has a TDP of 77W. Running it a day uses up 1.85kWh and makes you >8 YAC. At an exchange rate of 0.0004 BTC/YAC you make 0.3 USD/day and you break even with a power cost <0.18ct/kWh.

Yes, you don't make much, but you also don't waste money mining for YAC.

Which part of those calculations take into account the conversion efficiency of the switching voltage regulators for the CPU and RAM on the motherboard, and the conversion efficiency of the PC's power supply?  And the increased power consumption of the RAM when memory I/O is occurring?

nitpicking about details again? Last time I was off by 1% with my guesstimate... it's fun to discuss though.

You are right that I should not advise anybody to mine. The guesses were based on (one of) the most efficient consumer processor available at the moment. And I personally don't bother mining.

The answer to your questions: I deemed these factors as negligible as 1) TDP is usually higher than the CPU power draw and I didn't subtract idle power draw 2) RAM is negligible (5W?) 3) if you don't have a Gold power supply (90% efficiency) you are doing it wrong. But quite frankly, these are all guesses.

What I do know is the power delta at the power socket of a Core i7 3930k, 16GB RAM system when mining YAC with 10 threads: 140W when the CPU is overclocked to 3.8GHz and it gets 320kH/s. The TDP is 130W, so whole system power delta is +10% of TDP when overclocked. Whilst this would possibly point to a non-conservative guesstimate, you will agree that an Ivy Bridge i5 3570k is more energy efficient and faster per clock than my power hog.

Another good point would have been: what about the increased heat in the case (if not open) and hence aging of components? What about the loss of hash rate in GPU mining if you are not careful and saturate the CPU?

Actually YAC mining makes my miners more green.  They have gold power supplies in them, Alt Mining is using 50-70% wattage, the efficiency doesn't kick in until 80-99% so by using more resources on the miners I'm using more efficient power!

That's sarcasm.  Still no donors offering $1 a month, I'll keep multi-mining and watching the comedy.

[miaviator]

You'd be better keeping it to yourself, because if these fanboys, find out that it's being GPU mined, they'll have nothing left to hold on too.

One thing to consider is that, one doesn't just GPU mine YaCoins. GPU mining YACs has to be more profitable than CPU mining YACs + GPU mining something else, otherwise it's a waste. Anyone doing it would have to believe YAC value would skyrocket.

At it's current prices, YAC isn't profitable to mine, with anything

Lol.  at .00001 YAC is profitable to mine for a lot of people.  Remove electric and server costs (and thief's and botnets) and there is likely a population with access to cputime with $0 cost.  I know a lot of call centers with hundreds of low power seldom used PC's.  If each gets 10Khash and the electric is included in rent, a system admin could easily work out a profit sharing deal to use the PC's on off hours.  Even at $1 a month once automated it's profitable.

Yeah, because that makes much more sense then setting up 4x 7970's, and mining LTC....Or ordering a rig or 2 from BFL, and mining BTC, @ 40w / 5GH/s  
Are people really this stupid?

Ah.  It makes more sense to use the spare 99% cpu power on those LTC mining rigs to do something, anything at all.  Unless your concerned about power and hardware costs.

It makes 0 sense to have a bunch of 7xxx cards mining LTC with Idle cpus which could generate even $.10 per month.

Tell you what all mighty, give me and everyone else using our spare cpu cycles $1 a month and we'll stop?  No? not a good deal?

What? I am concerned about power costs...I don't live with my parents, I have a power bill to pay. The hashrate of my CPU's, and the value of YAC, does not cover the cost of running my CPU's at %100 load, 24/7. And I'm not going to use my profits from my GPU's, to cover the loss. This is business. Are you slow?

I pay my power bill to whomever owns the power company this month, well my bank does automatically. 

And yes I am slow, YACing at under .5Mhash.

The difference is I have the opportunity to make a small profit off something which you do not, therefore you are jealous and using a forum to slander me.

Tell your parents I said hi.

[Praxis]

Yeah YAC is skyrocketing! 

[evershawn]

Yeah YAC is skyrocketing! 

Patience young padawan, patience. The YAC is with you.