***Easiest Guide For DO Cloud Mining Datacoin***2DTC giveaway!MiningforDummies!

[extro24]

Do you know if you can clone the free micro instance?  Where and how?

If you can clone 100 then 0.17 chains/d becomes 17 chains/d or about 17DTC per day.

I suppose 720 hours means 2 micro instances for one month or 60 micro instances for 12 hours. 

You don't perhaps know how much Amazon charges for the free micro instance when you go over 720 hours?

I am unfortunately also having problems with my credit card.

[GreekBitcoin]

no i dont know about the cost. And also about cloning it. But i will check later and try to asnwer.

P.S.
1)i need to really do a complete guy for amazon ec2
2)i want to make this guide like 2 times more explanatory...
3) I want to make a guide for DataMinerWatch

[extro24]

Ah.  I see the t1.micro is $0.02/h

http://aws.amazon.com/ec2/#pricing

Cheapest is the spot prices:  for m1.small $0.007/h

http://aws.amazon.com/ec2/spot-instances/

[Franconomasky]

Quoted:
   


It means that you mine extremely slow. My laptop mines at 0.35 chains/day at least. What CPU do you use? Its like from a mobile phone Unquoted.

My CPU is a Pentium Dual Core chip bought from 2009, a bit old.

[bronsky666]

Hello all,

can someone tell me how many DTC we are supposed to mine by day  (in theory) with a speed of say 1 chains/day ?

And is there any interest to do it at this speed, considering that there are people mining around 0,5-1 DTC by minutes (by looking at GPOOL stats), or is it really too weak ?

[GreekBitcoin]

Hello all,

can someone tell me how many DTC we are supposed to mine by day  (in theory) with a speed of say 1 chains/day ?

And is there any interest to do it at this speed, considering that there are people mining around 0,5-1 DTC by minutes (by looking at GPOOL stats), or is it really too weak ?

Here http://datacoin.info/calc.htm is a calculator. It is for solo mining but it should be around the same. It doesnt work for me right now but i dont know why. Anyway i think with the raising diff right now for 1ch/d about 1.5-2 DTC. Very broad calculation.

As i say in the OP i believe the coin is currently heavily undervalued. I personally believe that it will get really bigger when the spam with all shitcoins stops and people start caring about innovative and serious coins.

The point is that there is never actually a coin that you can mine that is profitable. The window of profitability closes very fast as people understand which coin this is and start mining it asap making it unprofitable. So you have to choose a coin that you will believe in the future will be still here and have a good price. Thats why it is an investment.

On the other hand you can always gamble with shitcoins. Actually from giveaways and some early mining, only first 2 days, of those shitcoins i managed to gain around 1 BTC. For nothing. And i bought more DTC But the hype with shitcoins is almost over now...


Thats what i personally believe and i hope i helped.

Ah i forgot about the part of others mining many. Well its capitalism. He who invest more will gain more. You cant mine as many Bitcoins per day with a usb asic miner as guys with 100Th machines. But you may still have a gain.

[extro24]

Actually, after looking at Amazon's prices it seems that it is actually cheaper to buy DTC than to mine them with EC2.  Maybe it would have worked with that $100 free credit they had.

I am just going to buy a bunch of old PC's, stick them in my garage and mine with my own hardware.

[bronsky666]

Here http://datacoin.info/calc.htm is a calculator. It is for solo mining but it should be around the same. It doesnt work for me right now but i dont know why. Anyway i think with the raising diff right now for 1ch/d about 1.5-2 DTC. Very broad calculation.

As i say in the OP i believe the coin is currently heavily undervalued. I personally believe that it will get really bigger when the spam with all shitcoins stops and people start caring about innovative and serious coins.

The point is that there is never actually a coin that you can mine that is profitable. The window of profitability closes very fast as people understand which coin this is and start mining it asap making it unprofitable. So you have to choose a coin that you will believe in the future will be still here and have a good price. Thats why it is an investment.

On the other hand you can always gamble with shitcoins. Actually from giveaways and some early mining, only first 2 days, of those shitcoins i managed to gain around 1 BTC. For nothing. And i bought more DTC But the hype with shitcoins is almost over now...


Thats what i personally believe and i hope i helped.

Ah i forgot about the part of others mining many. Well its capitalism. He who invest more will gain more. You cant mine as many Bitcoins per day with a usb asic miner as guys with 100Th machines. But you may still have a gain.

Thanks for the link, I have similar figures on my side 

On the principle I fully agree with you, I do not pretend to do short term profit, and that's why I chose coins based on what there is beyond it

But when I see people mining 100-500 times faster then me, I can only think that, even if one day the price increases (in several month/years), there will be people having 100.000 to 1.000.000 coins, and the 90% "1chain/d people" having gathered  probably not more than 1000 coins


So do you think that this situation of "10% of people owning 90%" of the coins does not make the situation worthless for the "other 90%" ?
Does anybody here have an experience to share on altcoin success and owning ratio ?

My figures are probably not fully exact, but that's probably close to the reality based on the gpool stats

[GreekBitcoin]

Actually, after looking at Amazon's prices it seems that it is actually cheaper to buy DTC than to mine them with EC2.  Maybe it would have worked with that $100 free credit they had.

I am just going to buy a bunch of old PC's, stick them in my garage and mine with my own hardware.

You must also consider electricity



bronsky666 no it doesnt cause the 10% cant sell all those coins without damaging the economy. So if the want to make money they have to be fair and do whatever they do for the whole community. And most times they are the ones who make giveaways or pay for applications that make the coin better or make advertisments etc...

Btw 1 man has 10% of whole bitcoin And if you see nxt for example everything was premined. Thought that for me is sure that will collapse....

It would be nice to see though how decentralized is the coin from holders aspect though....


Anyway dont ask me about economics


P.S. You will never mine something with the same power as the big guys Unfortunately if you did then the coin would have no value....

[infofront]

As far as I can tell, unless you have free credits or something, it would be cheaper to just buy datacoins than cloud mine them. Even to mine them on your home PC, the profits are going to be razor thin when you factor electricity in.

[GreekBitcoin]

As far as I can tell, unless you have free credits or something, it would be cheaper to just buy datacoins than cloud mine them. Even to mine them on your home PC, the profits are going to be razor thin when you factor electricity in.

Well price dropped so yes. Still i believe it is undervalued and it will soon go up...Personally i mine since this supports the coin but i also buy Datacoins whenever i have some spare BTC.

[pindis]

I have alot of problems lately with my droplets being rebooted without my "permission".. also network errors.. How to I start mining after it's rebooted?

[GreekBitcoin]

I have alot of problems lately with my droplets being rebooted without my "permission".. also network errors.. How to I start mining after it's rebooted?

you have to do something like this for gpool for example:

 ./primecoin/src/primeminer -pooluser=DQsoZjorSHBXDUhVkYn7VuSfzG2RfYLpuy.x1  -poolpassword=0 -poolip=162.243.41.59 -poolport=8336 -poolshare=6 -genproclimit=4



i will make in a couple of says a super explanatory guide. but for now i am in a hurry! have to go to the airport!

[bronsky666]

Hi,

To relaunch automatically after reboot of the droplet : https://cryptocointalk.com/topic/1993-visual-guide-to-mining-primecoin/

To force restart of primeminer in case of loss of connection, I found no suitable/easy solution .. some ideas if you google "primewatcher and primecoin", but that require more unix skills than I have

[pindis]

Hi,

To relaunch automatically after reboot of the droplet : https://cryptocointalk.com/topic/1993-visual-guide-to-mining-primecoin/

To force restart of primeminer in case of loss of connection, I found no suitable/easy solution .. some ideas if you google "primewatcher and primecoin", but that require more unix skills than I have

yeah man.. i have absolutely no skills what so ever with unix either. think i'm just letting this be what it is now..