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mpalenciac
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April 17, 2014, 03:41:14 AM
Last edit: April 17, 2014, 05:32:51 PM by mpalenciac |
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sethnis
Newbie
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Activity: 14
Merit: 0
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April 17, 2014, 03:53:49 AM |
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dotnetmin
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April 17, 2014, 06:36:01 AM |
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Hi, i am a bit concerned about GPU mining. You can clearly see that a lot of asics already on the scrypt networks. LTC diffi has increased a lot, Nethash das doubled since the time of pure GPU mining and it´s no longer profitable to mine with GPU especially if you mine on high powercost like in germany. Not really any coin is profitabel to mine with GPU´s at the moment. LTC price drops hard over the last weeks. I think some of this actions depend to tne new Asic´s entering the networks. OK, MTgox problems also caused the problems with declining prices of BTC and all ALT coins I thought N-scrypt would be the new place for GPU miners. Also other algo´s like X11 has not as much miners as i would expect. For me at the moment it looks like wether scrypt-n nor X11 will be the next GPU miners base. VTC threat here is not very busy and also diffi went down from 250-260 level to 220. Price is dropping at the moment. What´s going on at the moment ? Are GPU miners still on scrypt coins ? Do a lot of miners still have not recogniced asic´s on the networks ? Did GPU miners still powered off their rigs ? In the german Litecointalk board are a lot of mining rigs for sale. I bougt in VTC at very high Level, more than x3 than current level. Is it time to cut loss ? Give me some ideas  |
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Eastwind
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April 17, 2014, 06:45:21 AM |
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VTC is the most well known Scrypt-N coin. I mined VTC quite a lot before I knew X11 and other Scrypt-N coins.
It is still the most mined Scrypt-N and X11 coins by GPU. The difficulty is dropping because GPU miners have other choices. New coins are coming out every few days.
If VTC keeps on innovating, it will survive.
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xingqiaoyin
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April 17, 2014, 11:37:54 AM |
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Are GPU miners still on scrypt coins ? Do a lot of miners still have not recogniced asic´s on the networks ? Did GPU miners still powered off their rigs ? In the german Litecointalk board are a lot of mining rigs for sale. I bougt in VTC at very high Level, more than x3 than current level. Is it time to cut loss ? Give me some ideas I'm still mining scrypt coins with GPU. currently it's still profitable to GPU mine scrypt coins more profitable then DRK or VTC. I'm sure there's still people who pay less than .2 per kwh and I dont see them turning off their rigs anytime soon. If you're paying the electricity like in germany, at least 80% of your earning goes to utility company, not surprising people selling their rigs. Once ASIC scrypt really hit in June, all GPU miners will be phased out, diff is too high you cant compete with more power efficient ASICs. At that time then, VTC and other modded scrypt coins will shine  . VTC had a good start, DRK is gaining popularity too, but I feel like the VTC devs know better on what they're doing Cut loss if you see a good plan. I'm holding all my VTC since day one  |
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dotnetmin
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April 17, 2014, 11:59:40 AM |
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Are GPU miners still on scrypt coins ? Do a lot of miners still have not recogniced asic´s on the networks ? Did GPU miners still powered off their rigs ? In the german Litecointalk board are a lot of mining rigs for sale. I bougt in VTC at very high Level, more than x3 than current level. Is it time to cut loss ? Give me some ideas I'm sure there's still people who pay less than .2 per kwh and I dont see them turning off their rigs anytime soon. Do you mean 0.2 US$ / kwh wich is around 0.15€ |
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tprogex
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April 17, 2014, 12:40:59 PM
Last edit: April 17, 2014, 01:20:13 PM by tprogex |
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Hi, i am a bit concerned about GPU mining. You can clearly see that a lot of asics already on the scrypt networks. LTC diffi has increased a lot, Nethash das doubled since the time of pure GPU mining and it´s no longer profitable to mine with GPU especially if you mine on high powercost like in germany. Not really any coin is profitabel to mine with GPU´s at the moment. LTC price drops hard over the last weeks. I think some of this actions depend to tne new Asic´s entering the networks. OK, MTgox problems also caused the problems with declining prices of BTC and all ALT coins I thought N-scrypt would be the new place for GPU miners. Also other algo´s like X11 has not as much miners as i would expect. For me at the moment it looks like wether scrypt-n nor X11 will be the next GPU miners base. VTC threat here is not very busy and also diffi went down from 250-260 level to 220. Price is dropping at the moment. What´s going on at the moment ? Are GPU miners still on scrypt coins ? Do a lot of miners still have not recogniced asic´s on the networks ? Did GPU miners still powered off their rigs ? In the german Litecointalk board are a lot of mining rigs for sale. I bougt in VTC at very high Level, more than x3 than current level. Is it time to cut loss ? Give me some ideas Don't worry I'm in Armenia here kwh 0.076 usd I mine VTC (3200 k rig) and also buy cureltly have 1000 VTC why diff is down and price goes a bit low because some pump in ltc and doge prices recently and some riges goes to where But in Long term soon they all will become asic so rigs will stay only in scrypt N and X11.VTC in this area far ahead by gpus and most stable so it has better chances to win that gpus its about 20 times (in ltc and doge ) more than in vtc so even if diff will raise 3 times not 20 times even this good option for held and buy vtc.Other advantages of VTC You can see in forum .Maxmium in September more powerful asics will come in ltc and doge so not any gpu will stay there . |
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dotnetmin
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April 17, 2014, 01:01:11 PM |
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If you have 3.2Mh n-scrypt you have 6.4 Mh scrypt, which means you have around 2.5KW ... 3KW. 3KW * 24h = 72 kwH / day * 0.0076 US$ = 0.54 US$ / Day  |
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tprogex
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April 17, 2014, 01:09:21 PM
Last edit: April 17, 2014, 01:19:50 PM by tprogex |
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If you have 3.2Mh n-scrypt you have 6.4 Mh scrypt, which means you have around 2.5KW ... 3KW. 3KW * 24h = 72 kwH / day * 0.0076 US$ = 0.54 US$ / Day price is 7.6 cent mistype 0.076 I pay about 210 usd per Month I have also avalon 200 G 500-700 watt. |
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dotnetmin
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April 17, 2014, 01:57:56 PM |
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If you have 3.2Mh n-scrypt you have 6.4 Mh scrypt, which means you have around 2.5KW ... 3KW. 3KW * 24h = 72 kwH / day * 0.0076 US$ = 0.54 US$ / Day price is 7.6 cent mistype 0.076 I pay about 210 usd per Month I have also avalon 200 G 500-700 watt. That´s less than a quarter of what i have to pay for power in europe. So you can mine a lot longer time before you have to stut down your rig. So maybe it takes much longer time until you have to switch to a scrypt-n coin or X11 coin because asics have entered completly the scrypt networks and GPU miners are out. Is 0.076 US$/kwh a regular price in the US or do you have a spezial industry price you can use ? |
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tprogex
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April 17, 2014, 03:20:32 PM |
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If you have 3.2Mh n-scrypt you have 6.4 Mh scrypt, which means you have around 2.5KW ... 3KW. 3KW * 24h = 72 kwH / day * 0.0076 US$ = 0.54 US$ / Day price is 7.6 cent mistype 0.076 I pay about 210 usd per Month I have also avalon 200 G 500-700 watt. That´s less than a quarter of what i have to pay for power in europe. So you can mine a lot longer time before you have to stut down your rig. So maybe it takes much longer time until you have to switch to a scrypt-n coin or X11 coin because asics have entered completly the scrypt networks and GPU miners are out. Is 0.076 US$/kwh a regular price in the US or do you have a spezial industry price you can use ? I'm Not from USA I'm from Armenia (first Christian country) Like Arthur Abraham(Professional Boxer In Germany) and Henrick Mxitaryan (soccerplayer from Borussia).its regular price We pay 7 cents in night time and bit higher in day time. I'm programmer freelancer so my Rig for Me mostly supercomputer (40 terraflops) and I create it mainly for that reason. |
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GeminiSimba
Full Member
Offline
Activity: 176
Merit: 100
Ain't no party like a Counterparty!
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April 17, 2014, 05:54:50 PM |
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Vertcoin is almost guaranteed to survive when we talk about an alt coin succeeding. The dev team behind this coin is continuously at the forefront of crypto currency innovation they are already talking about side chain technology and implementing merge mining and at this point the majority of the crypto currency space doesn't even yet know what merge mining is lol.
As long as the dev team stays on top of the technological advances coming out of this space as they are now we will continuously see improvement and a robustness that other coins will not have.
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"You see, you and I, we believe in life. But you want to fight for it, to kill for it, even to die--for life. I only want to live it." (Ayn Rand)
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SlipperySlope
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April 17, 2014, 06:15:45 PM |
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Vertcoin is almost guaranteed to survive when we talk about an alt coin succeeding. The dev team behind this coin is continuously at the forefront of crypto currency innovation they are already talking about side chain technology and implementing merge mining and at this point the majority of the crypto currency space doesn't even yet know what merge mining is lol.
As long as the dev team stays on top of the technological advances coming out of this space as they are now we will continuously see improvement and a robustness that other coins will not have.
Agreed that sidechain-enabling merged mining is a key development. I anticipate that Vertcoin could have it before the slow moving and cautious Bitcoin Core developers get convinced to implement it. Sidechains add value to the main blockchain as coins must be purchased from the main chain in order to support the economic activities that justify the side chain. Vertcoin should encourage as many sidechains as possible, as they can individually fail without directly affecting the main chain. Furthermore Vertcoin pool operators must be somehow motivated to perform merged mining of each sidechain. This would most likely be done by sufficient Vertcoin transaction fees or direct payments to pools from sidechain owners. This new income would then flow down to miners from the participating Vertcoin pools. There is a big first mover advantage to enabling sidechains - I think. |
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tprogex
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April 17, 2014, 08:12:42 PM |
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Vertcoin is almost guaranteed to survive when we talk about an alt coin succeeding. The dev team behind this coin is continuously at the forefront of crypto currency innovation they are already talking about side chain technology and implementing merge mining and at this point the majority of the crypto currency space doesn't even yet know what merge mining is lol.
As long as the dev team stays on top of the technological advances coming out of this space as they are now we will continuously see improvement and a robustness that other coins will not have.
Agreed that sidechain-enabling merged mining is a key development. I anticipate that Vertcoin could have it before the slow moving and cautious Bitcoin Core developers get convinced to implement it. Sidechains add value to the main blockchain as coins must be purchased from the main chain in order to support the economic activities that justify the side chain. Vertcoin should encourage as many sidechains as possible, as they can individually fail without directly affecting the main chain. Furthermore Vertcoin pool operators must be somehow motivated to perform merged mining of each sidechain. This would most likely be done by sufficient Vertcoin transaction fees or direct payments to pools from sidechain owners. This new income would then flow down to miners from the participating Vertcoin pools. There is a big first mover advantage to enabling sidechains - I think. .As POS has fundamental problems I think Andrew Miller put it best: "The trouble with Proof-of-stake is that there is nothing at stake."
Consider the basic function of proof-of-work and the blockchain: together, they let the network come to a consensus when there are two (or more) different, competing chains.
Miners must decide to dedicate their hashing power to just one chain-- they cannot "bet on" more than one. So their best strategy is to work on the chain that they think most other miners are working on, and that quickly drives the system to a consensus on a single, best chain.
The trouble with proof-of-stake is there is no natural incentive stopping a miner from assigning their stake to multiple, competing chains. If you try to create such a system, you "go meta" -- you started by trying to solve the transaction double-spend problem (which proof-of-work and the blockchain handle nicely), and end up trying to solve a proof-of-stake double-spend problem.
. AND it totally must support merged mining as VTC soon will be holder one of most decentralizted and powerfull POW system. other coins with marge mining cun do great experiments based on VTC POW with low cost and high security . Generally merged mining robust and real workable solution for new coin than POS. |
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mmouse
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April 17, 2014, 10:20:29 PM |
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As long as the dev team stays on top of the technological advances coming out of this space as they are now we will continuously see improvement and a robustness that other coins will not have.
Agreed that sidechain-enabling merged mining is a key development. I anticipate that Vertcoin could have it before the slow moving and cautious Bitcoin Core developers get convinced to implement it. (...) There is a big first mover advantage to enabling sidechains - I think.
Totally agreed. |
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spikers
Member
Offline
Activity: 79
Merit: 10
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April 17, 2014, 10:31:26 PM |
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VERTCOIN MINING POOL VTCWEB.POOLZ.NETPowerful 16-core 32 Gb physical (not virtual) servers
Gigabit Connection and SSD drives
High Efficiency, fast payments
Almost 10% of the network hashrate, you won't wait for a block
One of the oldest VTC pools, trusted by many
STABLE AND DDoS PROTECTED
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tevayo
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April 17, 2014, 11:36:10 PM |
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Votad Mintpal to enter into the volume of coins is very good Cryptsy above. Last 24 hours Blackcoin BTCs 3881, FLT 426 BTCs etc ... A community like Vertcoin Mintpal should be able to put it in and trade for real, not just a dump is Cryptsy miners. Registering 5 votes each time. https://www.mintpal.com/votingvoted |
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