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Author Topic: [XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency  (Read 689149 times)
vindimy
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October 14, 2013, 06:50:42 AM
 #3181

XPM on BTC-e

https://twitter.com/primecoiner/status/389457554662637568

Follow all current Primecoin XPM events, news, and media awareness through @ http://twitter.com/Primecoiner

Official Thread: https://bitcointalk.org/index.php?topic=305956

Good stuff Cheesy

hawas
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October 14, 2013, 10:09:18 AM
 #3182

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 Smiley

P.S More powerful processors have much better CPD/power ratios. One 2CPD machine is way better than 2 1CPD ones.
Trillium
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October 14, 2013, 11:14:19 AM
 #3183

Quote
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...

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mikaelh
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October 14, 2013, 11:20:07 AM
 #3184

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:
Code:
seednode=primeseed.muuttuja.org
superresistant
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October 14, 2013, 12:59:26 PM
 #3185

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.
lemons
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October 14, 2013, 01:18:42 PM
 #3186

Have official explorer or blockchain info  ?
CaptChadd
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October 15, 2013, 09:35:36 AM
 #3187

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?
CaptChadd
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October 16, 2013, 03:16:20 PM
 #3188

Well i managed to get upto 25 cores and got 2 Primecoins in a day so far on the ypool, so far so good.
Scott J
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October 16, 2013, 03:23:58 PM
 #3189

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/
CaptChadd
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October 16, 2013, 03:39:34 PM
 #3190

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?
paymetodostuff
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October 16, 2013, 03:42:26 PM
 #3191

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.
CaptChadd
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October 16, 2013, 03:44:30 PM
 #3192

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?
paymetodostuff
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October 16, 2013, 03:48:14 PM
 #3193

To mine at beeeer use the miner that he has in the first thread here: http://www.ppcointalk.org/index.php?topic=485.0

I can say from personal experience that I get significantly more from beeeer than I do at ypool.
satriani
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October 16, 2013, 04:31:03 PM
 #3194

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 ?
smolen
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October 16, 2013, 05:26:20 PM
 #3195

is it possible to make ASIC miner for PrimeCoin ? anybody know technical issue of this ?
http://www-mtl.mit.edu/researchgroups/icsystems/pubs/conferences/2001/goodman_isscc01_slides.pdf

Of course I gave you bad advice. Good one is way out of your price range.
super3
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October 16, 2013, 05:28:21 PM
 #3196

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.

Bitcoin Dev / Storj - Decentralized Cloud Storage. Winner of Texas Bitcoin Conference Hackathon 2014. / Peercoin Web Lead / Primecoin Web Lead / Armory Guide Author / "Am I the only one that trusts Dogecoin more than the Federal Reserve?"
satriani
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October 16, 2013, 05:45:56 PM
 #3197

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?
Sentinelrv
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October 16, 2013, 10:00:20 PM
 #3198

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=600.0

Also, 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
belltown
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October 16, 2013, 10:03:27 PM
 #3199

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?

How I've earned 0.088 BTC for making few forum posts on LetsTalkBitcoin
▄▄▄▄▄▄▄▄▄▄▄▄ https://bitcointalk.org/index.php?topic=707439.0 ▄▄▄▄▄▄▄▄▄▄▄▄
Trillium
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October 16, 2013, 10:09:59 PM
 #3200

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/

 Roll Eyes

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