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Author Topic: [XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency  (Read 686901 times)
RustyShackleford1950
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July 19, 2013, 04:46:11 AM
 #2481

I don't really understand. with the xpm difficulty and reward like it is, it doesn't seem like it will be worth mining soon.
If all you care about is profit, then yeah.

Well, that is why the vast majority of people are mining.
I keep forgetting how rare altruistic ideals are.

unprofitable things simply can not sustain themselves. its not about being a good person.

Except for everything that's free, non-profit organisations, charities, etc.

Non-profit organization is a legal term. it just means that the organization is not a business. but it still has to generate profit, as in, NET income, in order to sustain itself. Generally in the form of donations or sponsorships. Charities are the same.

This is a derailment, but what about volunteers?

On keyboard, the big d, rusty shackleford
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July 19, 2013, 04:47:41 AM
 #2482

QQ: is it worth mining with Amazon EC2? Anyone doing it?

Well someone (about 18,000 people signed up to perform Primecoin mining) couldn't resist to do it...

http://www.theregister.co.uk/2013/07/16/digitalocean_primecoin_cloud_problems/


wow just wow...

that gpu miner better start on the network soon ....lolz
  Cheesy

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
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     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
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July 19, 2013, 07:15:05 AM
 #2483

QQ: is it worth mining with Amazon EC2? Anyone doing it?

Well someone (about 18,000 people signed up to perform Primecoin mining) couldn't resist to do it...

http://www.theregister.co.uk/2013/07/16/digitalocean_primecoin_cloud_problems/


wow just wow...

that gpu miner better start on the network soon ....lolz
  Cheesy
Yeah this is an crazy amount of miners..
Just imagine the number when you add the others using Amazon EC2 and solo miners  Shocked Shocked Shocked

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RustyShackleford1950
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July 19, 2013, 07:41:31 AM
 #2484

Soooooo, anyone got a block yet? To add some data 4 days 10,000pps combined, no blocks.

On keyboard, the big d, rusty shackleford
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July 19, 2013, 07:42:43 AM
 #2485

Soooooo, anyone got a block yet? To add some data 4 days 10,000pps combined, no blocks.

Same here, getting dry on blocks Sad

Seems they are all going to the VPS army...
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July 19, 2013, 07:45:14 AM
 #2486

I don't really understand. with the xpm difficulty and reward like it is, it doesn't seem like it will be worth mining soon.
If all you care about is profit, then yeah.

Well, that is why the vast majority of people are mining.
I keep forgetting how rare altruistic ideals are.

unprofitable things simply can not sustain themselves. its not about being a good person.

Except for everything that's free, non-profit organisations, charities, etc.

Non-profit organization is a legal term. it just means that the organization is not a business. but it still has to generate profit, as in, NET income, in order to sustain itself. Generally in the form of donations or sponsorships. Charities are the same.

This is a derailment, but what about volunteers?

What about slaves?
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July 19, 2013, 07:49:12 AM
 #2487

Soooooo, anyone got a block yet? To add some data 4 days 10,000pps combined, no blocks.

Yes... I get a block 5 hours ago runnig at only 3K pps  Grin
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July 19, 2013, 07:51:06 AM
 #2488

Soooooo, anyone got a block yet? To add some data 4 days 10,000pps combined, no blocks.

I get 2 blocks a day on slightly less than that speed.  Spread over 2 computers.


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July 19, 2013, 08:15:02 AM
 #2489

Soooooo, anyone got a block yet? To add some data 4 days 10,000pps combined, no blocks.

I get 2 blocks a day on slightly less than that speed.  Spread over 2 computers.
I get nothing  Roll Eyes

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superfluouso
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July 19, 2013, 08:16:04 AM
 #2490

Soooooo, anyone got a block yet? To add some data 4 days 10,000pps combined, no blocks.

I was shocked to get home and see I found a block today with a vdi of ubuntu running at about 3500pps..  Meanwhile a vps running over 8000pps hasn't found anything in awhile..  Starting to wonder if cpu's really make a difference or is it just a lottery.
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July 19, 2013, 08:23:12 AM
 #2491

Soooooo, anyone got a block yet? To add some data 4 days 10,000pps combined, no blocks.

I get 2 blocks a day on slightly less than that speed.  Spread over 2 computers.
I get nothing  Roll Eyes

I'm not sure why your posting a "rollseyes", are you saying you don't believe me?


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July 19, 2013, 08:39:52 AM
 #2492

Soooooo, anyone got a block yet? To add some data 4 days 10,000pps combined, no blocks.

I get 2 blocks a day on slightly less than that speed.  Spread over 2 computers.
I get nothing  Roll Eyes

I'm not sure why your posting a "rollseyes", are you saying you don't believe me?
No you're just lucky  Tongue
How many XPM per block now?

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#Darren
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July 19, 2013, 08:46:17 AM
 #2493

Soooooo, anyone got a block yet? To add some data 4 days 10,000pps combined, no blocks.

I get 2 blocks a day on slightly less than that speed.  Spread over 2 computers.
I get nothing  Roll Eyes

I'm not sure why your posting a "rollseyes", are you saying you don't believe me?
No you're just lucky  Tongue
How many XPM per block now?

The latest one I received is 12.38


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July 19, 2013, 09:52:42 AM
 #2494


[...]

No you're just lucky  Tongue
How many XPM per block now?

The latest one I received is 12.38

...and the reward per block is going to fall slowly (compared to the first few days). Even if the difficulty reaches 9, there will still be a reward of 12.33 XPM.
But as the formula for calculating the reward is in Sunny's paper (and for sure in the code if you can find it) and has been mentioned in lots of posts, I think I can stop the calculations Wink

But it looks like the the difficulty needs to rise a bit more:
last hour (today, 08:44 - 09:44 UTC)): approx. 218 blocks solved
same time frame yesterday:  approx. 193
same time frame the day before: approx. 139

Defend yourself, Primecoin network! Cheesy
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July 19, 2013, 10:20:42 AM
 #2495


[...]

No you're just lucky  Tongue
How many XPM per block now?

The latest one I received is 12.38

...and the reward per block is going to fall slowly (compared to the first few days). Even if the difficulty reaches 9, there will still be a reward of 12.33 XPM.
But as the formula for calculating the reward is in Sunny's paper (and for sure in the code if you can find it) and has been mentioned in lots of posts, I think I can stop the calculations Wink

But it looks like the the difficulty needs to rise a bit more:
last hour (today, 08:44 - 09:44 UTC)): approx. 218 blocks solved
same time frame yesterday:  approx. 193
same time frame the day before: approx. 139

Defend yourself, Primecoin network! Cheesy
Yeah it needs to go higher.
Well higher difficulty higher chances of my xpm being worth some $$$  Cheesy Cheesy

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July 19, 2013, 12:10:33 PM
 #2496

Yeah it needs to go higher.
Well higher difficulty higher chances of my xpm being worth some $$$  Cheesy Cheesy
I think when GPUminer comes out, total PPS will raise, then diff too. May be we only get 6-7XPM a block
Less coin produce, price go up.
So what's the reason to afraid of GPUminer? Am I right people?
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July 19, 2013, 12:31:45 PM
 #2497

Yeah it needs to go higher.
Well higher difficulty higher chances of my xpm being worth some $$$  Cheesy Cheesy
I think when GPUminer comes out, total PPS will raise, then diff too. May be we only get 6-7XPM a block
Less coin produce, price go up.
So what's the reason to afraid of GPUminer? Am I right people?

I agree bud, it won't hurt really...
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July 19, 2013, 01:05:04 PM
 #2498

Yeah it needs to go higher.
Well higher difficulty higher chances of my xpm being worth some $$$  Cheesy Cheesy
I think when GPUminer comes out, total PPS will raise, then diff too. May be we only get 6-7XPM a block
Less coin produce, price go up.
So what's the reason to afraid of GPUminer? Am I right people?

This is under the assumption that there is a level playing field and not a select few will have use of a GPU miner.

In that case massive dumps of coins for pure profit will occur. That is the way I see it unfolding should the GPU miner not be publicly and freely distributed evenly once created.


███████████████████████████████████████

            ,╓p@@███████@╗╖,           
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  ,████²█████████████████████████████, 
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║██████       Ñ███████████`      ███████
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                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.                  History of Monero development Visualization ★☆ .
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July 19, 2013, 01:07:10 PM
 #2499

GPU mining won't bring it above 20 me thinks. Still 2.5 reward per block.
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July 19, 2013, 01:39:58 PM
 #2500

Wow..everyone told me not to bother mining with an Intel Celeron processor yesterday. At 900 PPS, I found a block since yesterday. Hah...What luck... Cool
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