shibaji (OP)
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January 20, 2018, 03:02:17 AM |
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What is there with ground floor opportunity?
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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GabryRox
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January 20, 2018, 03:07:41 AM |
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What is there with ground floor opportunity?
nothing really... unless you have a ton of i7's sitting around not dedicated to anything else. the problem is that any coin that is technically minable with CPU (like XMR or ETN)... there are by comparison SO many high end GPU's already mining it, it literally would get you pennies a week. 1-2 years ago you could have done ok, but frankly, it's not worth it at this point. There are millions of GPUs cranking on every algo out there, any 1 or few CPUs is not going to amount to anything. If you just want to do it for fun, maybe try ETN or SUMO, but you really must get into GPU mining id you want to make any $ at all.
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shibaji (OP)
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January 20, 2018, 03:23:29 AM |
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What is there with ground floor opportunity?
nothing really... unless you have a ton of i7's sitting around not dedicated to anything else. the problem is that any coin that is technically minable with CPU (like XMR or ETN)... there are by comparison SO many high end GPU's already mining it, it literally would get you pennies a week. 1-2 years ago you could have done ok, but frankly, it's not worth it at this point. There are millions of GPUs cranking on every algo out there, any 1 or few CPUs is not going to amount to anything. If you just want to do it for fun, maybe try ETN or SUMO, but you really must get into GPU mining id you want to make any $ at all. Ok, thanks. I guess going forward more and more specialized hardware will come. Oh well.
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DrG
Legendary
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Activity: 2086
Merit: 1035
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January 20, 2018, 05:50:28 AM |
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When I was mining Monero 3 years ago I think the global hashrate was about 9MH/s give or take 3MH/s when a botnet would jump on. That is the rate that is currently on the small coins like Intense. Monero currently has about 550MH/s - about a 55x increase.
Between fighting botnets jumping on new coins and the GPU farms jumping off ETH CPU mining is really slim pickings. If you have a new Ryzen it's worth it, but I don't even bother with it on my mining rigs - I see increased latency and more rejections even when controlling which core each thread runs on.
I have a staking machine that I leave on 24/7 and I mine Intense on that. A Rig with 4 Vegas will put most CPU farms to shame though.
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warning_btc
Member
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Activity: 378
Merit: 11
Decentralized Digital Billboards
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January 20, 2018, 06:43:09 AM |
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You can mine something only on start(premine) some cryptonote coin. Or mine new, but already accepted by community, high potencial coin and HODL it for very long
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nsummy
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January 20, 2018, 07:12:07 AM |
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Participants in signature bounty campaigns shouldn't be allowed to start new topics. This idiot has asked a question that gets asked daily. Look at his post history, nothing but garbage.
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mobomofo
Jr. Member
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Activity: 88
Merit: 4
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January 20, 2018, 07:22:12 AM Last edit: January 20, 2018, 01:25:35 PM by mobomofo |
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I mine ETN all day long on CPUs. I run xeon E7-4870 (10core/20thread), x5670(6core/12thread), and x5680s(6core/12thread). A single x5670 does 120h/s and an x5680 just slightly more. A single E7-4870 does 330h/s.
For instance each of my R810's has 4x E7-4870's and runs around 1.33kh/s at just under 700w producing roughly 35 ETN a day. I make around $4 profit after power costs/day at current rates on each box. It can be done, but you need high end processors and gear, really cloud server gear. My R810s have 40 cores/80 threads each so if you asking about a single I7 it may not be worth it, but if you have a 4 or 8 cpu board with 6+ cores each, then it may make sense.
** EDIT ** Its not 35 ETN a day its actually closer to 44 ETN a day I just checked my pool statistics.
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shibaji (OP)
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January 20, 2018, 09:14:43 AM |
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I mine ETN all day long on CPUs. I run xeon E7-4870 (10core/20thread), x5670(6core/12thread), and x5680s(6core/12thread). A single x5670 does 120h/s and an x5680 just slightly more. A single E7-4870 does 330h/s.
For instance each of my R810's has 4x E7-4870's and runs around 1.33kh/s at just under 700w producing roughly 35 ETN a day. I make around $4 profit after power costs/day at current rates on each box. It can be done, but you need high end processors and gear, really cloud server gear. My R810s have 40 cores/80 threads each so if you asking about a single I7 it may not be worth it, but if you have a 4 or 8 cpu board with 6+ cores each, then it may make sense.
Thanks for the good info.
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shibaji (OP)
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January 20, 2018, 09:15:02 AM |
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When I was mining Monero 3 years ago I think the global hashrate was about 9MH/s give or take 3MH/s when a botnet would jump on. That is the rate that is currently on the small coins like Intense. Monero currently has about 550MH/s - about a 55x increase.
Between fighting botnets jumping on new coins and the GPU farms jumping off ETH CPU mining is really slim pickings. If you have a new Ryzen it's worth it, but I don't even bother with it on my mining rigs - I see increased latency and more rejections even when controlling which core each thread runs on.
I have a staking machine that I leave on 24/7 and I mine Intense on that. A Rig with 4 Vegas will put most CPU farms to shame though.
Thank you.
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shibaji (OP)
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January 20, 2018, 09:16:26 AM |
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You can mine something only on start(premine) some cryptonote coin. Or mine new, but already accepted by community, high potencial coin and HODL it for very long
True. I have been planning to do something like this, but it is quite hard to find a coin accepted by the community, and still there is a scope of CPU mine. :-/
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