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achillez (OP)
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July 15, 2013, 02:15:11 AM |
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Current exchanges are pushing down XPM like crazy, but conversely the difficulty is going nuts. Don't be tempted to dump your coins on the market thinking the price is plummeting. With the current difficulty going ballistic I suspect XPM supply is going to dwindle, and price is going to go back up.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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redphlegm
Sr. Member
 Offline
Activity: 246
Merit: 250
My spoon is too big!
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July 15, 2013, 02:18:39 AM |
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The supply generation is the same as it was (reducing, yes, but it's not like they're not getting found). It's just getting spread around more it seems (or someone is mining with an OpenCL / CUDA miner).
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Whiskey Fund: (BTC) 1whiSKeYMRevsJMAQwU8NY1YhvPPMjTbM | (Ψ) ALcoHoLsKUfdmGfHVXEShtqrEkasihVyqW
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thef
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July 15, 2013, 02:19:12 AM |
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When someone tells me to hold onto my coins, I start getting suspicious about their motives.
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glendall
Legendary
Offline
Activity: 2100
Merit: 1018
Sugars.zone | DatingFi - Earn for Posting
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July 15, 2013, 02:20:43 AM |
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I've been away last 4 days. Is XPM on an exchange now?
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| .SUGAR. | |
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blastbob
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July 15, 2013, 02:24:03 AM |
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I've been away last 4 days. Is XPM on an exchange now?
its on 4 exchanges... |
Bitrated user: blastbob.
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glendall
Legendary
Offline
Activity: 2100
Merit: 1018
Sugars.zone | DatingFi - Earn for Posting
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July 15, 2013, 02:27:42 AM |
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Holy crap wow . That was fast.
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| .SUGAR. | |
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Backed By
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OnlyC
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July 15, 2013, 02:31:12 AM |
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Holy crap wow . That was fast.
and be dumped from 0.009 to 0.002 now  |
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ohiwastedmylif
Member
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Activity: 98
Merit: 10
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July 15, 2013, 02:31:48 AM |
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Farewell XPM
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lxdr1f7
Newbie
Offline
Activity: 31
Merit: 0
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July 15, 2013, 02:51:17 AM |
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Is there any actual value in mining using the primecoin method when compared to sha256? Is it a superior mining protocol?
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markm
Legendary
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Activity: 2940
Merit: 1090
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July 15, 2013, 02:54:02 AM |
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Is there any actual value or in mining using the primecoin method when compared to sha256? Is it a superior mining protocol?
Well it might be more complicated to make pools for it, since breaking up the work into small pieces might not be as simple as it is for hashcash. Whether that makes it better or not depends maybe on whether you are pro pool or prefer there be no pools due to pools being dangerous concentrations of power. -MarkM- |
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fran2k
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July 15, 2013, 03:01:24 AM |
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its on 4 exchanges...
mcxnow, coins-e, cryptsy and ... ? |
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markm
Legendary
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Activity: 2940
Merit: 1090
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July 15, 2013, 03:02:09 AM |
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Vircurex.
-MarkM-
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rethaw
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July 15, 2013, 03:03:19 AM |
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notlist3d
Legendary
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Activity: 1456
Merit: 1000
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July 15, 2013, 03:09:25 AM |
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Its been really sad to see it drop so fast....
I hope its truly just a few with open CL miner or something. It's not looking promising long term atm.
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markm
Legendary
Offline
Activity: 2940
Merit: 1090
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July 15, 2013, 03:12:58 AM |
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Huh? Shouldn't you be saying "oh wow awesome those idiots with an advantage over me in hashing power are throwing away the coins so damn cheap I don't even need any mining gear I can buy as many as I want at insanely low prices!" ?!?
-MarkM-
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fran2k
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July 15, 2013, 03:13:46 AM |
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Come on! CPU mined stuff 65 LTC/K is a very high price anyway.
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OnlyC
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July 15, 2013, 03:26:54 AM |
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Its been really sad to see it drop so fast....
I hope its truly just a few with open CL miner or something. It's not looking promising long term atm.
If you can find a 16core VPS for $12.5/week. 16core produce ~3-4 block/day. Let's take 3.5 * 13 = 45.5 XPM * 0.002 = 0.091BTC = $7.826 a day. After 2 days then your profit. But with that reward and price lower every minute, adventurous  |
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markm
Legendary
Offline
Activity: 2940
Merit: 1090
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July 15, 2013, 03:43:04 AM |
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How about four cores of two threads each, 16 gigs of RAM, for less than $400 per year? Dedicated actual hardware not VPS. Unlimited bandwidth. 1 TB hard disk. (Yes, I get affiliate commission. ) -MarkM- |
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masterOfDisaster
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July 15, 2013, 03:58:09 AM |
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Is there any actual value in mining using the primecoin method when compared to sha256? Is it a superior mining protocol?
If you find a value in generating information that can be used by theoretical arithmetic then mining primecoin might be of actual value for you  I highly recommend reading Sunny's paper ( http://ppcoin.org/static/primecoin-paper.pdf). I can't tell in general whether primecoin mining is superior to mining other coins as this can only be a subjective value. In my opinion it is a promising project. It has a brand new, smart and even useful Proof-of-Work concept. |
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