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Author Topic: 2 newbie questions  (Read 453 times)
Psychotron
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September 04, 2013, 03:12:58 PM
 #1

Hi all, I'm new to cryptocurrencies and I'm trying to learn as much as I can.

I think I've arrived too late to gain some BTC or LTC, so I'm trying to understand and deal with new cryptocurrencies like primecoin XPM.

I like the fact that (atm) XPM is only cpu minable. Where I live the electricity is very expensive so gpu minig is prohibitive considering also the high and quickly increasing difficulty (correct me if I'm wrong).

Quick questions for you:
1 - I can use 3 systems: 2 core i7 (8 threads) and a double xeon (16 threads). Do you think that's better solo minning or joining a pool (like ypool)?
2 - Is there some sort of guide that explains what are and how to properly set sieve size and percentage (and, why not, other miner parameters)?

Thank you in advance and excuse me if I've made dumb questions.
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marcovaldo
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September 04, 2013, 03:26:07 PM
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Do you think that you will ever mine a block, solo-mining?



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September 04, 2013, 03:28:04 PM
 #3

Go with pooled mining if available.. If you plan to mine 24/7 use ppnlss or whattever it is..

LTC and BTC mining are pretty much dead at this point for entry level miners. :/
Psychotron
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September 04, 2013, 04:33:34 PM
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Do you think that you will ever mine a block, solo-mining?
As a noob I really don't know. (Is it that difficult also for XPMs?)

2. I'm not sure, maybe inside of some thread.
I've did a search but found nothing about how to properly configure miners parameters.

Go with pooled mining if available.. If you plan to mine 24/7 use ppnlss or whattever it is..
ppwhat?  Embarrassed

LTC and BTC mining are pretty much dead at this point for entry level miners. :/
If i put up for example a rig with 3 x 7950 radeons I think that I remain at an entry level mining, right? If this isn't the case (and I can gain some coins) better go for bit or litecoins?
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September 04, 2013, 07:27:04 PM
 #5

Invest in a GB (Group buy) or just buy some coins.  Grin Buy some BTC or LTC and hold on to them but keep on investing at less $20 a month. A group buy can be a little risky but if you find some one that's trust worthy and you've done ur research, join the GB and hope and pray for the best. Heres a GB that I am in. I trust the guy but don't take my word for it. Always do your research and Don't trust any one, unless you've done ur research on the person that's doing the GB.


GB link:
 https://bitcointalk.org/index.php?topic=277836.0


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Thanks

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SXC_Freak
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September 04, 2013, 08:20:09 PM
 #6

Hi all, I'm new to cryptocurrencies and I'm trying to learn as much as I can.

I think I've arrived too late to gain some BTC or LTC, so I'm trying to understand and deal with new cryptocurrencies like primecoin XPM.

I like the fact that (atm) XPM is only cpu minable. Where I live the electricity is very expensive so gpu minig is prohibitive considering also the high and quickly increasing difficulty (correct me if I'm wrong).

Quick questions for you:
1 - I can use 3 systems: 2 core i7 (8 threads) and a double xeon (16 threads). Do you think that's better solo minning or joining a pool (like ypool)?
2 - Is there some sort of guide that explains what are and how to properly set sieve size and percentage (and, why not, other miner parameters)?

Thank you in advance and excuse me if I've made dumb questions.

I like pay per share pools, I have terrible luck solo mining and make a lot less.

Custom erotic stories for Sexcoin. (http://erotica4sxc.tk/about-2/)
minerpart
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September 04, 2013, 08:25:42 PM
 #7

I would suggest you sell your hardware and buy BTC with the funds. BTC could go to 20k per coin easily within 2years.

I wouldn't back LTC with limited funds, all of the global infrastructure and interest is behind BTC now, it has won the race by a country mile.
deodecagone
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September 04, 2013, 08:38:49 PM
 #8

Solo mining XPM  with your config is still reasonnable at today difficulty, using hp10.
But if you jump into the pool and there is only one (ypool.net) , you will have to check their unofficial miners rather than the official one. The dev from the community are avery active and share their versions.
To me the quality of the pool is definitely worth the fee.
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