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Author Topic: [XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency  (Read 686990 times)
vinne81
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July 14, 2013, 08:31:43 PM
 #2021

so im out the rest is yours Wink



I thought I read 600 coins, not blocks

Edit: Nevermind...600 Blocks not coins
I misread this too as coins, that's about 10k coins...

So far for some people here thinking most hashes come from people being interested in prime world records Smiley
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LazyOtto
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July 14, 2013, 08:33:06 PM
 #2022

so im out the rest is yours Wink


I rest my case.

-- edit

Oh, but cudo's to you, Aggrophobia.

I never cast opprobrium on one who uses the mechanics of a system to their advantage.
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July 14, 2013, 08:37:45 PM
 #2023

414$ made him 600 blocks, at least 9000 XPM. That's mining costs of 0.046$ or ~0.0005BTC per XPM. Guess it's safe to assume this as the lowest price possible for now.
Ofcourse only a small minority are able to do such a mining operation, just throwing this out, looking for your thoughts.

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July 14, 2013, 08:39:35 PM
 #2024

414$ made him 600 blocks, at least 9000 XPM. That's mining costs of 0.046$ or ~0.0005BTC per XPM. Guess it's safe to assume this as the lowest price possible for now.
Ofcourse only a small minority are able to do such a mining operation, just throwing this out, looking for your thoughts.

Only a small minority could put $400 into Amazon EC2?

One 7970 costs the same.

 
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vinne81
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July 14, 2013, 08:40:20 PM
 #2025

414$ made him 600 blocks, at least 9000 XPM. That's mining costs of 0.046$ or ~0.0005BTC per XPM.
Ofcourse only a small minority are able to do such a mining operation, just throwing this out, looking for your thoughts.

We can all do this kind of mining operation. Be aware that in the first days the price was highest. He was break-even very early in this game.

Correct me if I'm wrong, you just need a credit card and the guts to start up a mining operation in the cloud.

No, I didn't do it, but congrats to those who did. I myself mined on my own systems, getting far less than 600 blocks Smiley (60 perhaps)

My only question to these guys is: why didn't you double your operation, or increase it by 10x a few days ago?

Edit hey FiiNALiZE thx for playing at the casino, it's nice to see it being used on a regular basis by some people  Wink What game do you want to see me add in the nearby future?
LazyOtto
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July 14, 2013, 08:41:22 PM
 #2026

414$ made him 600 blocks, at least 9000 XPM. That's mining costs of 0.046$ or ~0.0005BTC per XPM. Guess it's safe to assume this as the lowest price possible for now.
Ofcourse only a small minority are able to do such a mining operation, just throwing this out, looking for your thoughts.
"Ofcourse only a small minority are able to do such a mining operation"

Uh, no. Anyone who chooses, anyone who thinks of it in time, could / can do this.

"~0.0005BTC per XPM"

Thank you for this calculation. This is the true price floor for the last few day's worth of mining.

Now, who has stated they will buy all that's available at 0.003 or less?
n4ru
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July 14, 2013, 08:41:43 PM
 #2027

Ofcourse only a small minority are able to do such a mining operation, just throwing this out, looking for your thoughts.
lolwut? Everyone can do it, and everyone IS doing it.

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eule
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July 14, 2013, 08:42:05 PM
Last edit: July 14, 2013, 08:57:22 PM by eule
 #2028

By small minority i meant tech-savvy people. Most people in the digitalocean thread would have given up frustrated without it i guess.  Grin
But i guess it's good, or an even smaller number of people would hold an even bigger lot of XPM.

vinne81
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July 14, 2013, 08:45:06 PM
 #2029

414$ made him 600 blocks, at least 9000 XPM. That's mining costs of 0.046$ or ~0.0005BTC per XPM. Guess it's safe to assume this as the lowest price possible for now.
Ofcourse only a small minority are able to do such a mining operation, just throwing this out, looking for your thoughts.
"Ofcourse only a small minority are able to do such a mining operation"

Uh, no. Anyone who chooses, anyone who thinks of it in time, could / can do this.

"~0.0005BTC per XPM"

Thank you for this calculation. This is the true price floor for the last few day's worth of mining.

Now, who has stated they will buy all that's available at 0.003 or less?

I can't believe people are still buying at 0.0025 when you see this thread. But again, congratz for the people still using cloud power to get blocks...

Wonder why these buyers at exchanges don't just mine themselves for 1/5th of the price.
eule
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July 14, 2013, 08:47:56 PM
 #2030

I can't believe people are still buying at 0.0025 when you see this thread. But again, congratz for the people still using cloud power to get blocks...
IMO generation cost doesn't equal realistic price (you have to calculate in manpower and ofcourse demand). Also generation cost is rising quickly.

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July 14, 2013, 08:48:41 PM
 #2031

The high profit is very short term, a couple of days max, maybe hours. I wouldn't spend hours setting up a cloud CPU farm for just 1-2 BTC max. before the coin is oversold. But again, some may see it worth spending hours, depends on what you care for Smiley
vinne81
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July 14, 2013, 08:51:08 PM
 #2032

The high profit is very short term, a couple of days max, maybe hours. I wouldn't spend hours setting up a cloud CPU farm for just 1-2 BTC max. before the coin is oversold. But again, some may see it worth spending hours, depends on what you care for Smiley

Some of these guys made more like 50 BTC, going on that image that was posted here. The golden times are over atm, but still, it was worth it at that time  Grin
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July 14, 2013, 08:52:15 PM
 #2033

i'm still mining on my home servers, but nevertheless it was funny to write scripts to automate the privatekey transfers etc.
i know there are few people mining with 100-600 instances, but that was right above my budget i want to invest Smiley or can invest
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July 14, 2013, 09:01:42 PM
 #2034

With difficulty at 8.66 we are seeing the block spacing increase to ~9 seconds... It's likely we will see block spacing >10 seconds soon as 'Aggro' and others unwind some VPS hosting instances...

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July 14, 2013, 09:09:28 PM
 #2035

I'm not sure if anybody has mentioned it in this thread yet, but we now have PrimecoinTalk.org in case anyone wants to make the jump over. This website is dedicated to both of Sunny's coins XPM and PPC. Besides this thread, Sunny King also regularly posts over there and has voiced his support in favor of people making the jump...

Nice! Yes I would love to see more xpm supporters hang out here.

So please join us in developing Primecoin and making it a successful coin...

Join PrimecoinTalk.org Now!
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July 14, 2013, 09:15:38 PM
 #2036

i'm still mining on my home servers, but nevertheless it was funny to write scripts to automate the privatekey transfers etc.
i know there are few people mining with 100-600 instances, but that was right above my budget i want to invest Smiley or can invest

Well, enjoy your BTC now.

And get ready for the next shot: MersenneCoin Grin

Edit: GIMPS sponsors could fill buy orders in the order book, LOL. Sunnyking, interested?
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July 14, 2013, 09:17:51 PM
 #2037

you'll laugh i have good relationships to the GIMPS-Community Wink

proven 100 LL-candidates last year that they were not prime and factored >20k candidates ^^
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July 14, 2013, 09:23:57 PM
 #2038

you'll laugh i have good relationships to the GIMPS-Community Wink

proven 100 LL-candidates last year that they were not prime and factored >20k candidates ^^

2-3 years ago I proved more than 200 non-primes over a couple of months and CPUs Wink

All that for free and paying the juice lol

Also SETI@home back in the days, and Folding@home on my PS3...
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July 14, 2013, 09:51:05 PM
 #2039

I'm not sure if anybody has mentioned it in this thread yet, but we now have PrimecoinTalk.org in case anyone wants to make the jump over. This website is dedicated to both of Sunny's coins XPM and PPC. Besides this thread, Sunny King also regularly posts over there and has voiced his support in favor of people making the jump...

Nice! Yes I would love to see more xpm supporters hang out here.

So please join us in developing Primecoin and making it a successful coin...

Join PrimecoinTalk.org Now!

Yup when a 108 page thread becomes far to hard to keep up with is nice to go to the forum where the original Dev SunnyKing posts regularly about his coins and the development, you are all welcome to join  PrimecoinTalk.org  Also home of  PeercoinTalk.org

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July 14, 2013, 10:02:46 PM
 #2040

I'm not sure if anybody has mentioned it in this thread yet, but we now have PrimecoinTalk.org in case anyone wants to make the jump over. This website is dedicated to both of Sunny's coins XPM and PPC. Besides this thread, Sunny King also regularly posts over there and has voiced his support in favor of people making the jump...

Nice! Yes I would love to see more xpm supporters hang out here.

So please join us in developing Primecoin and making it a successful coin...

Join PrimecoinTalk.org Now!

Yup when a 108 page thread becomes far to hard to keep up with is nice to go to the forum where the original Dev SunnyKing posts regularly about his coins and the development, you are all welcome to join  PrimecoinTalk.org  Also home of  PeercoinTalk.org

FuzzyBear
You really think that won't clutter up too eventually? It's harder to track 2 forums but this definently helps.
It would have been better if XPM had it's own standalone forum.

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