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Author Topic: [XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency  (Read 686990 times)
bcp19
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July 29, 2013, 11:46:32 PM
 #2821


I tried ypool with around 7000 or 8000 pps and wound up with around 2 xpm after 3 or 4 days and pulled the plug. What was I doing wrong?
That's about what I was getting with the pool miner last week. 

As I mentioned above, I am using the miner cabin made found here: https://bitcointalk.org/index.php?topic=257623.40

I did not make any changes to sieveprimes or anything else, I just ran the program with the pool info and my username/pass

I do not suffer fools gladly... "Captain!  We're surrounded!"
I embrace my inner Kool-Aid.
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mhps
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July 30, 2013, 01:11:17 AM
 #2822

I think it's just pool luck. Sometimes you see more earning. Sometimes you see less.




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bcp19
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July 30, 2013, 01:28:25 AM
 #2823

I think it's just pool luck. Sometimes you see more earning. Sometimes you see less.


1.05 in 3 hours

I do not suffer fools gladly... "Captain!  We're surrounded!"
I embrace my inner Kool-Aid.
Tuck Fheman
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July 30, 2013, 02:45:27 AM
Last edit: July 30, 2013, 03:47:29 AM by Tuck Fheman
 #2824

Well, ~5 hours later and up to 4.87 XPM.  Rough estimate = 4.3 XPM per day from 10k PPS

Can someone else running similar number of PPS confirm these result? Not that I don't believe it, but the return looks a bit high.

I can tell you this is how it's calculated ...

Your share value / total share value * block reward (-3% fee) = Your payout per round.

Share value = pow(8, round(submitted share difficulty,0) -7).

Edit : This has been changed and the above is no longer valid (that didn't last long).

Tuck Fheman
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July 30, 2013, 02:48:36 AM
 #2825

Well, ~5 hours later and up to 4.87 XPM.  Rough estimate = 4.3 XPM per day from 10k PPS

Can someone else running similar number of PPS confirm these result? Not that I don't believe it, but the return looks a bit high.

I'm running at about 11-12k PPS and for the last few days i've gotten about 1 XPM (+/- 0.15) per day on ypool.

Try tweaking your settings (if you haven't already). Find the sievesetting that yields the highest difficulty shares on average.  A setting of 800000 was my rigs best setting by far.

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July 30, 2013, 03:20:07 AM
 #2826

[...] so IMHO it's not worth the electricity to mine at this point.
...that's why I turned of my dual HD5850 Bitcoin miner in June 2011 - it was simply not worth investing the electricity for the lousy 0.8 BTC (per day) I could earn by pooled mining these days...
This time I'm going to make other mistakes Wink

When cost to mine>cost to buy, you're better off using cash to purchase it on the market.
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July 30, 2013, 03:15:40 PM
 #2827

[...] so IMHO it's not worth the electricity to mine at this point.
...that's why I turned of my dual HD5850 Bitcoin miner in June 2011 - it was simply not worth investing the electricity for the lousy 0.8 BTC (per day) I could earn by pooled mining these days...
This time I'm going to make other mistakes Wink

When cost to mine>cost to buy, you're better off using cash to purchase it on the market.

It's still far too difficult to get cash into the ecosystem. At least for Americans.

I can use mtgoz, but that incurs wire transfer fees

I can use virwox, but you get hit with many 2.5% commissions (I think there a fee to make initial deposit, another to sell dollars and buy lindens, another to sell lindens and buy BTC, and yet another to withdraw those BTC.

I can use campbx, but I have to wait 30 days before dwolla will let them let me withdraw those btcs.

Or I can use local bitcoins. But everyone there seems to charge 10-20% more than the mtgox price.

That's why people mine even when mining costs more than just buying the coins.
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July 30, 2013, 06:57:30 PM
 #2828

So the difficulty has been ~9.2x for over a week now.

Where will GPU mining take us?
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July 30, 2013, 07:03:13 PM
 #2829

So the difficulty has been ~9.2x for over a week now.

Where will GPU mining take us?
Who knows, much much higher  Cool

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July 30, 2013, 11:34:03 PM
 #2830

[...] so IMHO it's not worth the electricity to mine at this point.
...that's why I turned of my dual HD5850 Bitcoin miner in June 2011 - it was simply not worth investing the electricity for the lousy 0.8 BTC (per day) I could earn by pooled mining these days...
This time I'm going to make other mistakes Wink

When cost to mine>cost to buy, you're better off using cash to purchase it on the market.

It's still far too difficult to get cash into the ecosystem. At least for Americans.

I can use mtgoz, but that incurs wire transfer fees

I can use virwox, but you get hit with many 2.5% commissions (I think there a fee to make initial deposit, another to sell dollars and buy lindens, another to sell lindens and buy BTC, and yet another to withdraw those BTC.

I can use campbx, but I have to wait 30 days before dwolla will let them let me withdraw those btcs.

Or I can use local bitcoins. But everyone there seems to charge 10-20% more than the mtgox price.

That's why people mine even when mining costs more than just buying the coins.
Not true about CampBX.  It only 30 days from when you first deposit funds - after those first 30 days, the account is verified and no longer any delays.  The only delay is funding Dwolla (sending from Dwolla to  CampBX is instant). CampBX is great for smaller purchases, their fee 0.55%  - the only problem with them is lack of liquidity. Still always cheaper than both Mt. Gox and Coinbase.
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July 30, 2013, 11:53:59 PM
 #2831

The release of a GPU miner might just counteract all those expiring 30 day DigitalOcean trails? Amiright guys?  Roll Eyes

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July 31, 2013, 12:01:02 AM
 #2832

Stuff has settled down in regards to XPM  Cheesy

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July 31, 2013, 01:10:10 PM
 #2833

Stuff has settled down in regards to XPM  Cheesy

Difficulty has dropped throughout today. Within a week we might peek back under 9.0 diff. That would be interesting. I added some more servers today at my place and I'm getting a few thousand more PPS. Bring it on I say!

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July 31, 2013, 02:49:26 PM
 #2834

Stuff has settled down in regards to XPM  Cheesy

Difficulty has dropped throughout today. Within a week we might peek back under 9.0 diff. That would be interesting. I added some more servers today at my place and I'm getting a few thousand more PPS. Bring it on I say!

I just went the lazy route.  Spent ~48 hours running parameter benchmarks and found some hearty improvements to my average 5-chain/hr.
Its going pretty well though.  Mined 5 blocks in the last 24hrs, so I can't really complain.

BTC: 1E2egHUcLDAmcxcqZqpL18TPLx9Xj1akcV   Ψ: AWHJbwoM67Ez12SHH4pH5DnJKPoMSdvLz2   Primecoin All-In-One VPS Setup Script   Quarkcoin All-In-One VPS Setup Script   Metiscoin VPS Pool Mining Script
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July 31, 2013, 03:29:07 PM
 #2835

Stuff has settled down in regards to XPM  Cheesy

Difficulty has dropped throughout today. Within a week we might peek back under 9.0 diff. That would be interesting. I added some more servers today at my place and I'm getting a few thousand more PPS. Bring it on I say!

I just went the lazy route.  Spent ~48 hours running parameter benchmarks and found some hearty improvements to my average 5-chain/hr.
Its going pretty well though.  Mined 5 blocks in the last 24hrs, so I can't really complain.

Mind i if i ask what settings you are using?

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July 31, 2013, 04:49:18 PM
 #2836

Stuff has settled down in regards to XPM  Cheesy

Difficulty has dropped throughout today. Within a week we might peek back under 9.0 diff. That would be interesting. I added some more servers today at my place and I'm getting a few thousand more PPS. Bring it on I say!

I just went the lazy route.  Spent ~48 hours running parameter benchmarks and found some hearty improvements to my average 5-chain/hr.
Its going pretty well though.  Mined 5 blocks in the last 24hrs, so I can't really complain.
VPS?

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August 01, 2013, 03:01:55 AM
 #2837

I was wondering if a clone of primecoin will have any scientific value? Is primecoin eventually will find ALL the primes or only some? So it make a primecoin clone valueless? Am I missing something? Thanks.

Disclosure: i'm not planning to launch any clone coin, i'm just curious to understand more.
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August 01, 2013, 03:20:12 AM
 #2838

I'm not a mathemetician but my understanding is that

A) There's essentially an unlimited number of primes. Even when youre talking numbers hundreds of digits long, yoiu'll still find primes in them pretty regularly (every couple hundred digits or so).

B) Primecoin isn't even trying to find the biggest primes out there - indeed if it was and did, Sonny would qualify for some pretty big reward money
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August 01, 2013, 03:24:43 AM
 #2839

I'm not a mathemetician but my understanding is that

A) There's essentially an unlimited number of primes. Even when youre talking numbers hundreds of digits long, yoiu'll still find primes in them pretty regularly (every couple hundred digits or so).

B) Primecoin isn't even trying to find the biggest primes out there - indeed if it was and did, Sonny would qualify for some pretty big reward money


Primecoin finds chains of smaller primes because they are easier to verify.  Verification needs to be quick for a proof of work to function properly.  Verifying primality of very large numbers is hard.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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August 01, 2013, 07:53:34 AM
 #2840

I was wondering if a clone of primecoin will have any scientific value? Is primecoin eventually will find ALL the primes or only some? So it make a primecoin clone valueless? Am I missing something? Thanks.

If all the mankind turn every computer that has ever being built, and ever will be built, to running prmecoin finding primes, and do that till the end of mankind, all primes that would be found would be drop in the ocean, while the rest of the ocean are non-found primes. And even this is overly optimistic, that drop should be divided infinite number of times and only one tiny-tiny part of that drop would be found primes.
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