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wazzujoel (OP)
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December 27, 2013, 08:54:44 PM
 #1

I'm into mining alternate crypto currencies... Here are some of my thoughts on the subject

1. I wish Cryptsy 2-step worked. The site is really neat, but sometimes I think it suffers from the load. Seems like the best site like that out there
2. I wished I had more GPU's. I only have a R9 290x.
3. I think there are a lot of dishonest pool sights out there. I could name names but I think that's probably a bad idea.
4. I wish I could post here.
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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serjeant-at-arms
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December 27, 2013, 08:58:04 PM
 #2

4 me to  Embarrassed
mistress_magpie
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December 27, 2013, 08:58:57 PM
 #3

Welcome to the forums - feel free to post any questions that you may have Smiley

1MEuWAgzeArG9sittnqhuTHkMtgvirZvuS
Trujillo
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December 27, 2013, 09:02:00 PM
 #4

Agree with #4 as well. I understand why the rules are in place though. BCT does not want a bunch of bots spamming the boards with nonsense. It can still happen but is much less likely with this system. Happy holidays to all as well!
drpsgk
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December 27, 2013, 09:06:36 PM
 #5

Hello!

I am also a newbie Roll Eyes I feel like on school again, wish there were other ways to prevent trolling...

So what I am doing:
- mining with 3* sapphire 290
- mining tips/ltc/eac and some doges
- sell them again

The problems I have:
- BSOD's
- cgminer becomes unreliable
- Pools that are DDOS'ed



Hope this is enough for posting in other categories  Wink
d2dtk
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December 27, 2013, 09:08:24 PM
 #6

Pick up some usb block erupters and help mine some Zetacoins..the price keeps rising on these bad boys Smiley

Welcome to the forum btw and hope to see more contributions from you in the future!

AltCoinMiner
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December 27, 2013, 09:14:27 PM
 #7

Maybe one day will see 500gh script mining :*(
cryptoirc
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December 27, 2013, 09:15:15 PM
 #8

Agree on all..
AltCoinMiner
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December 27, 2013, 09:32:58 PM
 #9

Agree on all..

Trying to get your post count up huh? lol
XBladeRunner
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December 27, 2013, 09:40:49 PM
 #10

Quote
Trying to get your post count up huh? lol

Yep! Me too! Cheesy
Buchi-88
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December 27, 2013, 09:43:48 PM
 #11

Hello guys,

I'm new here and I hope for a good time Wink

greets

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wazzujoel (OP)
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December 27, 2013, 10:48:32 PM
 #12

Im surprised at the number of replies to this thread... so ill add a couple more thoughts.

1. I wonder how successful ASIC Scrypt miners will really be.
2. Im currently working on my own FPGA implementation, learning the backend algorithm is kinda fun.
leduc
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December 27, 2013, 10:49:21 PM
 #13

hi all , nice to meet you cryptocurency lovers
d2dtk
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December 28, 2013, 02:15:17 AM
 #14

Im surprised at the number of replies to this thread... so ill add a couple more thoughts.

1. I wonder how successful ASIC Scrypt miners will really be.
2. Im currently working on my own FPGA implementation, learning the backend algorithm is kinda fun.

I would imagine they should be about the same once they're programmed to work on scrypt algorithms.

Some say SHA-256 is simpler then Scrypt...so maybe the ASIC chips will be slower? IDk lol.

sirejoe
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December 28, 2013, 02:44:44 AM
 #15

Trying to determine what coin to mine, when and how the hell the actual value of these coins seems to be a task in and of itself. Why is Dogecoin worth .0000007 BTC but DiamondCoin worth .002 BTC? Is it the number of generated coins? Is it the total amount of coins that could ever be generated? Is it that one has a cooler name? I have no idea how these things are valued. Anyone have any ideas?
Lorem_Ipsum
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December 28, 2013, 03:42:32 AM
 #16

I, too, am posting to start posting. I have been reading here for a few months and there are some very knowledgeable people here....amongst others. lol  Wink
wazzujoel (OP)
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December 28, 2013, 04:10:45 AM
 #17

Im surprised at the number of replies to this thread... so ill add a couple more thoughts.

1. I wonder how successful ASIC Scrypt miners will really be.
2. Im currently working on my own FPGA implementation, learning the backend algorithm is kinda fun.

I would imagine they should be about the same once they're programmed to work on scrypt algorithms.

Some say SHA-256 is simpler then Scrypt...so maybe the ASIC chips will be slower? IDk lol.

I don't believe that is the case. I have not spent any time trying to optimize SHA-256, but from what I understand it is an algorithm that is naturally parallelized and as such custom ASIC's can be produced to crunch these numbers faster. Scrypt on the other-hand was specifically designed to make it costly to perform large scale custom hardware attacks by requiring large amounts of memory. This doesn't mean it is impossible to come out with better custom Scrypt hardware, however those that are successful at it will have to be more creative than SHA-256 designers. I'm currently working on it, however I'm more doing it for fun than for profit. I have a day job, so my time spent on this is fairly limited.
LAHAINA
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December 28, 2013, 04:19:55 AM
 #18

Newbie Here As Well . . .

I just joined today and I really want to learn The Basics Of:

1. Cheapest Mining Set-Up For A Begininer ?
2. What Is A Pool & How To Start ?

For Instance, I'm Interested In EarthCoin, How Do I Go About Acquiring EarthCoins ?

Thank You In Advance,
 Cool

Yes I CANN = Cbz19GvGqdYRM5CaA7WqxaGP8zmzuTQr1T

CAPT = CQju4V5qhVoQ8TKdMWD1DbmeYbFY74CMF6  ☼  BLOCK = BcEJPXyQQMcyK7QJGW7Fw6ECemyYBqJFPH
Nick51705
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December 28, 2013, 05:13:59 AM
 #19

Hello, I'm a new poster. I had been to this forum many times in the past, but I have become more interested in alternate currencies such as dogecoin and litecoin. I would like to finally be able to contribute to the forum with posts (along with the giveaways Tongue). It seems like this forum is where everything begins in regards to alt cryptocurrencies, so I'm glad to be here Smiley! I only have a GTX 650 ti to mine with, but I get a pretty good hash rate of ~130 kh/s. Currently mining dogecoins, and I was recently mining Fedoracoins. I have some invested in bitcoin, but I'm holding those for long term. I plan on doing short term trading with the alt coins that pop up.
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December 28, 2013, 05:17:50 AM
 #20

The rules are annoying, BUT I suppose they are pretty effective.

I guess I'll have to wait it out just like everyone else.
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