[XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency

[Scott J]

Could anyone please explain the following to me (as a complete mining newbie):

Probable prime chain found for block=5b0a89e3b4ed2e2538ec1b2477286e07d90febab83f
789251273539f4538bea7!!
Target: 09.e76ce5
Chain: 1CC07.d57d45

 

[satriani]

Prime is on btc-e now 1st transaction 0,01

[maco]

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

[ehalvers]

Hey guys!

New to Primecoin and was wondering if you guys could help me get started. I'm mining away at ypool and was trying to get my wallet set up, but I cant seem to get it to sync. Are there certain things I need in the conf? It seems to me like this coin is a little different then most alt-coins.

Thanks!

What kind of gear do you have? I'd suggest you try all three pools to figure out which is best for you.
There's beeeeer.org and a chinese one AFAIK.

I'm currently mining on 2 Intel i7 2.30 GHz. Not much but its enough, I've tried all the pools and ypool seems to be giving me the best result.

Downloaded the primecoin-qt just can't seem to connect to the network

[vindimy]

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

[hawas]

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.

[Trillium]

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...

[mikaelh]

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]

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]

Have official explorer or blockchain info  ?

[CaptChadd]

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]

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]

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]

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]

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]

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]

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]

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]

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

[super3]

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.