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vindimy
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October 14, 2013, 06:50:42 AM |
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Good stuff  |
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hawas
Newbie
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Activity: 37
Merit: 0
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October 14, 2013, 10:09:18 AM |
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I fail to see how people make a profit on this coin now, even with carefully managed VPS. I have ceased mining at home on 9 machines now because I can't even reach 1/3rd of break even against electricity (Australia: $0.30/kWh).
Basically the way I now see it is you can only make a profit if:
- You have electricity that is free or almost too cheap to meter
- You are 'stealing' power and/or computer resources from work/college etc
- You have a botnet
- You have somewhat cheap electricity (i.e. %0.05/kWh), and you decide to continue mining and hold  P.S More powerful processors have much better CPD/power ratios. One 2CPD machine is way better than 2 1CPD ones. |
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Trillium
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October 14, 2013, 11:14:19 AM |
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P.S More powerful processors have much better CPD/power ratios. One 2CPD machine is way better than 2 1CPD ones.
Yes I have a pile of old servers next to me with P4 and core 2 duo equivalent Xeons in them (about 20 CPUs in total) which use about 3 kW in power and they have about as much combined computational power as a i7 4770k... |
BTC:1AaaAAAAaAAE2L1PXM1x9VDNqvcrfa9He6 |
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mikaelh
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October 14, 2013, 11:20:07 AM |
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Downloaded the primecoin-qt just can't seem to connect to the network
The seed nodes are probably overloaded because of the amount of people joining the network again. You can use my backup seed node by putting this in your primecoin.conf: seednode=primeseed.muuttuja.org |
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superresistant
Legendary
Offline
Activity: 2156
Merit: 1136
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October 14, 2013, 12:59:26 PM |
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I fail to see how people make a profit on this coin now, even with carefully managed VPS. I have ceased mining at home on 9 machines now because I can't even reach 1/3rd of break even against electricity (Australia: $0.30/kWh).
Basically the way I now see it is you can only make a profit if:
- You have electricity that is free or almost too cheap to meter
- You are 'stealing' power and/or computer resources from work/college etc
- You have a botnet
There is no way so much people have access to free electricity. |
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lemons
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October 14, 2013, 01:18:42 PM |
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Have official explorer or blockchain info ?
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CaptChadd
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October 15, 2013, 09:35:36 AM |
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I am mining XPM with 18 cores in total on yPool. 2 x AMD 6300 6 core, 1 x 4 core I5 3GHZ and 2 x VPS 1 core each.
What should I expect roughly each day? Is 18 cores enough?
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CaptChadd
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October 16, 2013, 03:16:20 PM |
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Well i managed to get upto 25 cores and got 2 Primecoins in a day so far on the ypool, so far so good.
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Scott J
Legendary
Offline
Activity: 1792
Merit: 1000
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October 16, 2013, 03:23:58 PM |
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Well i managed to get upto 25 cores and got 2 Primecoins in a day so far on the ypool, so far so good.
I'm getting close to that on my intel i5 on beeeeer.org - might be worth seeing if you have better results? http://beeeeer.org/ |
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CaptChadd
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October 16, 2013, 03:39:34 PM |
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Well i managed to get upto 25 cores and got 2 Primecoins in a day so far on the ypool, so far so good.
I'm getting close to that on my intel i5 on beeeeer.org - might be worth seeing if you have better results? http://beeeeer.org/Are there many miners on that pool? |
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paymetodostuff
Member
Offline
Activity: 88
Merit: 10
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October 16, 2013, 03:42:26 PM |
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Well i managed to get upto 25 cores and got 2 Primecoins in a day so far on the ypool, so far so good.
I'm getting close to that on my intel i5 on beeeeer.org - might be worth seeing if you have better results? http://beeeeer.org/Are there many miners on that pool? about 8600 miners right now. |
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CaptChadd
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October 16, 2013, 03:44:30 PM |
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Well i managed to get upto 25 cores and got 2 Primecoins in a day so far on the ypool, so far so good.
I'm getting close to that on my intel i5 on beeeeer.org - might be worth seeing if you have better results? http://beeeeer.org/Are there many miners on that pool? about 8600 miners right now. Is there a better pool miner that jhpoolminer.exe or do I have the best? |
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satriani
Member
Offline
Activity: 93
Merit: 10
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October 16, 2013, 04:31:03 PM |
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PrimeCoin needs GPU miner as soon as possible to reduce reward by half.
is it possible to make ASIC miner for PrimeCoin ? anybody know technical issue of this ?
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smolen
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October 16, 2013, 05:26:20 PM |
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Of course I gave you bad advice. Good one is way out of your price range.
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super3
Legendary
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Activity: 1094
Merit: 1006
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October 16, 2013, 05:28:21 PM |
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PrimeCoin needs GPU miner as soon as possible to reduce reward by half.
is it possible to make ASIC miner for PrimeCoin ? anybody know technical issue of this ?
Harder said than done. Yes it is possible. No, someone will not create an ASIC miner for Primecoin, at least not in the next year or two. An ASIC requires at least $1 million to get off the ground. |
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satriani
Member
Offline
Activity: 93
Merit: 10
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October 16, 2013, 05:45:56 PM |
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well, if someone has 3million$, he could buy PrimeCoins at stock for half of this money, and start to work at ASIC for other half. If ASIC start the reward will drop to 1-2XPM/block and Prime should appreciation to Bitcoin a lot. The guy earn a lot by mining (90% of blocks) also.
I think it could be a good investment, or it wont?
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Sentinelrv
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October 16, 2013, 10:00:20 PM |
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I have two announcements in case you haven't heard them yet... Sunny King is doing an interview on Oct 17 at PrimecoinTalk.org. We need you to submit questions to be asked. The details are in the following link... http://www.ppcointalk.org/index.php?topic=600.0Also, we're looking for volunteers to help expand the Primecoin/Peercoin team. We're looking for any kind of experience, technical, artistic, wiki writers, video production, etc... All you need to do is fill out the following survey to give us information about yourself... http://www.surveymonkey.com/s/J9RNLPH |
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belltown
Sr. Member
Offline
Activity: 301
Merit: 250
still can't change my profile pic
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October 16, 2013, 10:03:27 PM |
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I'm getting close to that on my intel i5 on beeeeer.org - might be worth seeing if you have better results? http://beeeeer.org/You mine the same amount of XPM/day on one i5 CPU as he's mining on 18 cores? |
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Trillium
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October 16, 2013, 10:09:59 PM |
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well, if someone has 3million$, he could buy PrimeCoins at stock for half of this money, and start to work at ASIC for other half. If ASIC start the reward will drop to 1-2XPM/block and Prime should appreciation to Bitcoin a lot. The guy earn a lot by mining (90% of blocks) also.
I think it could be a good investment, or it wont?
People have struggled to get GPU mining working, let alone ASIC. Why the hell would anyone sink $3m onto ASIC design - or even $1m - for a coin that has a market capital of less than $2m dollars in total. http://coinmarketcap.com/  |
BTC:1AaaAAAAaAAE2L1PXM1x9VDNqvcrfa9He6 |
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