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Author Topic: [ANN] MemoryCoin | CPU Coin | Paid Dev Team | Limited Supply [MMC]  (Read 281247 times)
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FreeTrade
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December 31, 2013, 01:43:01 AM
 #2141


Selling your MMC at a discounted rate due to the lower rate of electricity required to generate it will eventually find a way to cut off CPU mining.

This is just my opinion for the matter.


It's a tough one to call - there are so many factors involved. What I see happening is that more and more GPUs and CPUs will start mining until profits are driven down . . . causing the GPUs to mine something else, leaving only the CPUs because they have nowhere more profitable to go.

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
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December 31, 2013, 01:57:56 AM
 #2142


Selling your MMC at a discounted rate due to the lower rate of electricity required to generate it will eventually find a way to cut off CPU mining.

This is just my opinion for the matter.


It's a tough one to call - there are so many factors involved. What I see happening is that more and more GPUs and CPUs will start mining until profits are driven down . . . causing the GPUs to mine something else, leaving only the CPUs because they have nowhere more profitable to go.









Hi I have some memorycoins because I have protoshares. Now I'm just wondering what makes Memorycoin a viable cryptocurrency? I mean what makes memorycoin better than anything out there?
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December 31, 2013, 02:08:26 AM
 #2143

Hi I have some memorycoins because I have protoshares. Now I'm just wondering what makes Memorycoin a viable cryptocurrency? I mean what makes memorycoin better than anything out there?

http://memorycoin.org/manifesto/

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
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December 31, 2013, 03:18:24 AM
 #2144


Selling your MMC at a discounted rate due to the lower rate of electricity required to generate it will eventually find a way to cut off CPU mining.

This is just my opinion for the matter.


It's a tough one to call - there are so many factors involved. What I see happening is that more and more GPUs and CPUs will start mining until profits are driven down . . . causing the GPUs to mine something else, leaving only the CPUs because they have nowhere more profitable to go.

Hi I have some memorycoins because I have protoshares. Now I'm just wondering what makes Memorycoin a viable cryptocurrency? I mean what makes memorycoin better than anything out there?

You can mine MMC with your cpu, and it has a voting system to award people for the development of the ecosystem.
Have a look at memorycoin.org for more information.


Regarding GPU mining: no one said this would never happen. 10x is a bit higher as expected, but CPUs are still in the game, and that's what it was about
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December 31, 2013, 08:58:48 AM
 #2145


Selling your MMC at a discounted rate due to the lower rate of electricity required to generate it will eventually find a way to cut off CPU mining.

This is just my opinion for the matter.


It's a tough one to call - there are so many factors involved. What I see happening is that more and more GPUs and CPUs will start mining until profits are driven down . . . causing the GPUs to mine something else, leaving only the CPUs because they have nowhere more profitable to go.


GPU miners will drive profitability down to the point that this is as profitable as mining scrypt for them, but not less, that means 1/2 to 1/4 of the current profitability (haven't done the calculation but it should be easy), and at that point this coin may become profitable basically for GPUs and botnets only
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December 31, 2013, 12:22:26 PM
 #2146


Selling your MMC at a discounted rate due to the lower rate of electricity required to generate it will eventually find a way to cut off CPU mining.

This is just my opinion for the matter.


It's a tough one to call - there are so many factors involved. What I see happening is that more and more GPUs and CPUs will start mining until profits are driven down . . . causing the GPUs to mine something else, leaving only the CPUs because they have nowhere more profitable to go.


GPU miners will drive profitability down to the point that this is as profitable as mining scrypt for them, but not less, that means 1/2 to 1/4 of the current profitability (haven't done the calculation but it should be easy), and at that point this coin may become profitable basically for GPUs and botnets only

And AWS will finally stop putting ridiculous limits on their instances which they had to introduce due to greedy and ignorant cloud miners? I feel like I serve the humanity with my miner then!
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December 31, 2013, 12:24:43 PM
 #2147

Can we mine PTS using GPU miner for MMC 2.0? Smiley
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December 31, 2013, 12:34:32 PM
 #2148

Can we mine PTS using GPU miner for MMC 2.0? Smiley
Nope. I have a miner for PTS too, but I have sold exclusive rights on it to someone.
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December 31, 2013, 01:02:17 PM
 #2149


Selling your MMC at a discounted rate due to the lower rate of electricity required to generate it will eventually find a way to cut off CPU mining.

This is just my opinion for the matter.


It's a tough one to call - there are so many factors involved. What I see happening is that more and more GPUs and CPUs will start mining until profits are driven down . . . causing the GPUs to mine something else, leaving only the CPUs because they have nowhere more profitable to go.


If GPU mining is more power efficient, then CPU mining will be driven out of MMC mining, not other way around.

Is it possible to change the memory requirement (say 4GB instead of 1GB at present) so that it is still a CPU coin?
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December 31, 2013, 01:19:27 PM
 #2150

ok, i installed memorycoin on my server, and it's gone rogue. no way to terminate the process. i really don't wanna reboot after i've already started 20 wallets... any work around for this rogue process?  using Ubuntu 12.04

My negative trust rating is reflective of a personal vendetta by someone on default trust.
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December 31, 2013, 01:22:55 PM
 #2151

ok, i installed memorycoin on my server, and it's gone rogue. no way to terminate the process. i really don't wanna reboot after i've already started 20 wallets... any work around for this rogue process?  using Ubuntu 12.04

erm...kill it?
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December 31, 2013, 01:29:31 PM
 #2152

ok, i installed memorycoin on my server, and it's gone rogue. no way to terminate the process. i really don't wanna reboot after i've already started 20 wallets... any work around for this rogue process?  using Ubuntu 12.04

erm...kill it?

i've tried kill -9 <pid>, killall memorycoind kill `pidof memorycoind`

and nothing stops it. its gone all out rogue.

franko did the same thing yesterday, and goldcoin does on occasion.

Edit: NVM. the process was a zombie. after waiting a bit, it finally went away. Memorycoin has been initialized at OpenEx. we will have a launch thread as soon as we finish testing and are sure the system is stable enough.

My negative trust rating is reflective of a personal vendetta by someone on default trust.
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December 31, 2013, 02:31:47 PM
 #2153

ok, i installed memorycoin on my server, and it's gone rogue. no way to terminate the process. i really don't wanna reboot after i've already started 20 wallets... any work around for this rogue process?  using Ubuntu 12.04

erm...kill it?

i've tried kill -9 <pid>, killall memorycoind kill `pidof memorycoind`

and nothing stops it. its gone all out rogue.

franko did the same thing yesterday, and goldcoin does on occasion.

Edit: NVM. the process was a zombie. after waiting a bit, it finally went away. Memorycoin has been initialized at OpenEx. we will have a launch thread as soon as we finish testing and are sure the system is stable enough.
Check your hdds/raidcontroller, it was stuck in some kernel call, most probably hanging i/o request.
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December 31, 2013, 10:51:26 PM
 #2154

Eventually the price of MemoryCoin should be the same as the electricity required to mine it. There's a window at the moment for profit, (because the knowledge is not widespread yet, and there is significant appreciation potential), but long term, things are working out exactly as intended.

Do you mean that the price will only drop over time? Because even the current price (which is quite low) is higher than the cost of electricity needed to mine the respective amount of MMC.
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December 31, 2013, 11:15:26 PM
 #2155

Eventually the price of MemoryCoin should be the same as the electricity required to mine it. There's a window at the moment for profit, (because the knowledge is not widespread yet, and there is significant appreciation potential), but long term, things are working out exactly as intended.

Do you mean that the price will only drop over time? Because even the current price (which is quite low) is higher than the cost of electricity needed to mine the respective amount of MMC.

The supply drops over time. The price will find a way to go up. I believe the MMC market has already priced in GPU mining.
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January 01, 2014, 12:10:42 AM
 #2156

Eventually the price of MemoryCoin should be the same as the electricity required to mine it. There's a window at the moment for profit, (because the knowledge is not widespread yet, and there is significant appreciation potential), but long term, things are working out exactly as intended.

Do you mean that the price will only drop over time? Because even the current price (which is quite low) is higher than the cost of electricity needed to mine the respective amount of MMC.

No, the difficulty should rise too, requiring more electricity/hardware per MMC mined, so the price should rise over time too. But miner profits should fall - those are temporary, enjoy them while you can. Investor gains should be more lasting.

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
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January 01, 2014, 12:38:08 AM
Last edit: January 01, 2014, 12:51:26 AM by badbonez
 #2157

Freetrade,

With these numbers, I believe that Memorycoin 2.0 is NOT GPU resistant.

The R280x GPU can mine 22 HPM with a price at around $420.
That is around $20 per H/m. That is way too profitable for GPUs as opposed to CPUs.

The H/m equipment cost should be around $150 per H/m for CPU miners.
This is a big problem and I hope that you can correct this matter, either by forking MMC by using a new, more GPU resistant algorithm when starting Memorycoin 3.0.

I was looking into renting a dedicated server for a month, found one for ~$80 which has AES and will give me about ~5.5 h/m.  Then I saw the h/m for the R9 280x is about 20+ h/m.  Why would I invest $99 for 5.5 h/m when for 4x that amount I can get 4x the hash power?  I bought the card.

I admit I am very new to crypto currency, and do not fully understand the mechanics and models FreeTrader talks about, but won't the card pay for itself in a month or so?  Even with electricity costs?  Or will declining prices and increasing difficulty make this card impossible to pay off?

(Naturally, as I GPU mine, I can CPU mine, so my total hashrate will be higher than just the GPU card)

Thanks.

I should note that ultimately, I am not in this for a quick profit.   My ultimate goal is to mine and hold as many coins as I can, after paying off some of the investments and operating costs.

MMC: MQ4EA85nnZwytrcqx9rJSpDWVTSXaxfqmc
EAC: eTGWiLDpSvZx6GXyMqbY61bTJd28chc9Rt
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January 01, 2014, 12:45:49 AM
 #2158

While gpu miners can now mine MMC, it's still not much more effective than cpu mining. It's the same with PTS, there are gpu miners, but you can still take part with a cpu with an almost equal result

There's even one advantage: botnets won't be as profitable as now when a lot of gpu miners join

I'm out. With the new GPU miner all cores of my server don't stand any chance. I'm sad because I like MMC very much.
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January 01, 2014, 05:46:15 AM
 #2159

Happy new year to everyone - take the chance to get started with MMC and take part in our new year's giveaway! https://bitsharestalk.org/index.php?topic=1831
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January 01, 2014, 06:29:30 AM
Last edit: January 01, 2014, 06:55:48 AM by eddilicious
 #2160



$100 per H/m is a bargain for CPU mining.
$20 per H/m is for GPU mining.
It is also 5X more efficient than CPU mining with the same capital cost.

GPU mining is 4 or more times more energy efficient than CPU mining.


This is not necessary true. Who is still doing CPU mining today? laptop users, the power consumption is <=90w from the wall, considering GPU users at least 250W for one.

To be fair, neither cpu nor gpu can overwhelm each other in this coin. every cpu has excess computing power 10+ hours a day. every gpu is switching between to the moon, to the lottery, doge, kitty, lizard, gold fish, spider, mosquito ... every day.
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