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Author Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency  (Read 9268263 times)
ig0tik3d
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February 09, 2014, 06:58:04 PM
 #1141

Should I sell my 2500 DRK and take a 25-30% profit in expectation to buy back when the whale dumps? Hard to predict whether he is going to dump or hold. If he holds, price will rise.
If its a gpu farm like eduffield thinks, he very well may hold.
i think if will be gpu miner it get not more 2-3 hashrate then cpu..
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jl777
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February 09, 2014, 07:10:19 PM
 #1142

Whale reduced his MH in half, which he wouldnt do if he had GPU. Current difficulty is 6 times worse. I think he has access to server farm with >5000 servers. Maybe just using idle time to mine. Mining cost is around 25 to 50 cents each, an I think he mined around 50,000 coins. Significant, but there was 10 BTC buy order last night, so 50K DRK isn't so much more than demand at current prices.

My guess is that the whale believes in this coin and didn't want to boost the price with open market order. Maybe determined that it was cheaper to buy server time than to buy in open market.

I am a dolphin, "only" 350 servers, and I came to same conclusion. I had to reduce output to idle time at current difficulty.

James

What CPU type are you using dolphin?  What kind of hash rate do you get from something like that?  Always been curious.  Do you rent them out or just have access to them through a university?
dual Intel Xeon's, various models. About 70% doing minerd. Approx 4000 cores mining on servers got to 100 MH. So around 25kH/core. Is that the same as desktops? I'm managing farm for a guy that somehow has all these servers, so cost is probably close to electricity costs of $30/mo per server, anybody renting or amazon ec2 cant come close to this. I just need to find best ROI for CPUs and unfortunately didn't know about DRK until yesterday. It seems that breakeven for server rental is around difficulty of 40, at 100 I am not even recouping the cost of electricity.

I tried to balance out the 2000MH whale, but all I was able to do was generate a few blocks for the pool I am in. If we can get more hashrate to CHAOSiTEC's pool, it could make it worthwhile for me to get back to 100MH. The problem when going up against the whale is he eats all the blocks dramatically reducing actual blocks generated, unless you hit lucky streak. I didn't want to join the pool with the whale even though it would have boosted my output, its just wrong to make things so lopsided. bad for coin. bad for other pools. Hey, big blue whale, at least balance your MH across all the pools!

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
jl777
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February 09, 2014, 07:16:39 PM
 #1143

Should I sell my 2500 DRK and take a 25-30% profit in expectation to buy back when the whale dumps? Hard to predict whether he is going to dump or hold. If he holds, price will rise.
If its a gpu farm like eduffield thinks, he very well may hold.
i think if will be gpu miner it get not more 2-3 hashrate then cpu..
Given my other observations, this makes it less and less likely it is a GPU miner!
If true, this is great news for us CPU miners, big and small.

My reasoning is that a GPU's power consumption is around 10 times that of CPU, not to mention capital cost. DRK mining costs cant be above electricity cost per DRK for very long. DRK per KWH of electricity is worse with a GPU if it gets less than 10 times hash rate of CPU.

This also puts a rough market value floor of DRK = cost of electricity

I bet someone can come up with a way to automatically calculate this price estimate based on typical electricity costs

James

Edit: Assuming a computer mines 4 coins per day and uses 250 watts -> ~$1/day at 15 cents per KWH -> price floor of 25 cents per DRK. If lucky enough to live in cheap electricity country, still floor is 10 cents/DRK.

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
illodin
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February 09, 2014, 07:17:37 PM
 #1144

Pool admin should kick him out and make him spread the hashes to multiple pools.
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February 09, 2014, 07:25:45 PM
 #1145

Whale reduced his MH in half, which he wouldnt do if he had GPU. Current difficulty is 6 times worse. I think he has access to server farm with >5000 servers. Maybe just using idle time to mine. Mining cost is around 25 to 50 cents each, an I think he mined around 50,000 coins. Significant, but there was 10 BTC buy order last night, so 50K DRK isn't so much more than demand at current prices.

My guess is that the whale believes in this coin and didn't want to boost the price with open market order. Maybe determined that it was cheaper to buy server time than to buy in open market.

I am a dolphin, "only" 350 servers, and I came to same conclusion. I had to reduce output to idle time at current difficulty.

James

What CPU type are you using dolphin?  What kind of hash rate do you get from something like that?  Always been curious.  Do you rent them out or just have access to them through a university?
dual Intel Xeon's, various models. About 70% doing minerd. Approx 4000 cores mining on servers got to 100 MH. So around 25kH/core. Is that the same as desktops? I'm managing farm for a guy that somehow has all these servers, so cost is probably close to electricity costs of $30/mo per server, anybody renting or amazon ec2 cant come close to this. I just need to find best ROI for CPUs and unfortunately didn't know about DRK until yesterday. It seems that breakeven for server rental is around difficulty of 40, at 100 I am not even recouping the cost of electricity.

I tried to balance out the 2000MH whale, but all I was able to do was generate a few blocks for the pool I am in. If we can get more hashrate to CHAOSiTEC's pool, it could make it worthwhile for me to get back to 100MH. The problem when going up against the whale is he eats all the blocks dramatically reducing actual blocks generated, unless you hit lucky streak. I didn't want to join the pool with the whale even though it would have boosted my output, its just wrong to make things so lopsided. bad for coin. bad for other pools. Hey, big blue whale, at least balance your MH across all the pools!

James

With my FX-8320 I get about 46khash per core, I'm glad the whale didn't kill his servers entirely, seems like he's helping to get us back down to lower diff.  The question is will he turn his power back full blast after we reach 50ish diff again. 
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February 09, 2014, 07:27:03 PM
 #1146

Whale reduced his MH in half, which he wouldnt do if he had GPU. Current difficulty is 6 times worse. I think he has access to server farm with >5000 servers. Maybe just using idle time to mine. Mining cost is around 25 to 50 cents each, an I think he mined around 50,000 coins. Significant, but there was 10 BTC buy order last night, so 50K DRK isn't so much more than demand at current prices.

My guess is that the whale believes in this coin and didn't want to boost the price with open market order. Maybe determined that it was cheaper to buy server time than to buy in open market.

I am a dolphin, "only" 350 servers, and I came to same conclusion. I had to reduce output to idle time at current difficulty.

James

What CPU type are you using dolphin?  What kind of hash rate do you get from something like that?  Always been curious.  Do you rent them out or just have access to them through a university?
dual Intel Xeon's, various models. About 70% doing minerd. Approx 4000 cores mining on servers got to 100 MH. So around 25kH/core. Is that the same as desktops? I'm managing farm for a guy that somehow has all these servers, so cost is probably close to electricity costs of $30/mo per server, anybody renting or amazon ec2 cant come close to this. I just need to find best ROI for CPUs and unfortunately didn't know about DRK until yesterday. It seems that breakeven for server rental is around difficulty of 40, at 100 I am not even recouping the cost of electricity.

I tried to balance out the 2000MH whale, but all I was able to do was generate a few blocks for the pool I am in. If we can get more hashrate to CHAOSiTEC's pool, it could make it worthwhile for me to get back to 100MH. The problem when going up against the whale is he eats all the blocks dramatically reducing actual blocks generated, unless you hit lucky streak. I didn't want to join the pool with the whale even though it would have boosted my output, its just wrong to make things so lopsided. bad for coin. bad for other pools. Hey, big blue whale, at least balance your MH across all the pools!

James
the only way to have a chance of this is by everyone pool together...

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seoken
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February 09, 2014, 07:27:57 PM
 #1147

Brilliantrocket he is a liar. You don't believe him! Lied to my 1M MINT
blaaaaacksuit
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February 09, 2014, 07:29:41 PM
 #1148

Brilliantrocket he is a liar. You don't believe him! Lied to my 1M MINT

Say what?
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February 09, 2014, 07:31:04 PM
 #1149

Brilliantrocket he is a liar. You don't believe him! Lied to my 1M MINT
jap1968
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February 09, 2014, 07:35:26 PM
 #1150

Brilliantrocket he is a liar. You don't believe him! Lied to my 1M MINT

Make a comment on his profile to "untrust" him
jl777
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February 09, 2014, 07:37:38 PM
 #1151

Whale reduced his MH in half, which he wouldnt do if he had GPU. Current difficulty is 6 times worse. I think he has access to server farm with >5000 servers. Maybe just using idle time to mine. Mining cost is around 25 to 50 cents each, an I think he mined around 50,000 coins. Significant, but there was 10 BTC buy order last night, so 50K DRK isn't so much more than demand at current prices.

My guess is that the whale believes in this coin and didn't want to boost the price with open market order. Maybe determined that it was cheaper to buy server time than to buy in open market.

I am a dolphin, "only" 350 servers, and I came to same conclusion. I had to reduce output to idle time at current difficulty.

James

What CPU type are you using dolphin?  What kind of hash rate do you get from something like that?  Always been curious.  Do you rent them out or just have access to them through a university?
dual Intel Xeon's, various models. About 70% doing minerd. Approx 4000 cores mining on servers got to 100 MH. So around 25kH/core. Is that the same as desktops? I'm managing farm for a guy that somehow has all these servers, so cost is probably close to electricity costs of $30/mo per server, anybody renting or amazon ec2 cant come close to this. I just need to find best ROI for CPUs and unfortunately didn't know about DRK until yesterday. It seems that breakeven for server rental is around difficulty of 40, at 100 I am not even recouping the cost of electricity.

I tried to balance out the 2000MH whale, but all I was able to do was generate a few blocks for the pool I am in. If we can get more hashrate to CHAOSiTEC's pool, it could make it worthwhile for me to get back to 100MH. The problem when going up against the whale is he eats all the blocks dramatically reducing actual blocks generated, unless you hit lucky streak. I didn't want to join the pool with the whale even though it would have boosted my output, its just wrong to make things so lopsided. bad for coin. bad for other pools. Hey, big blue whale, at least balance your MH across all the pools!

James

With my FX-8320 I get about 46khash per core, I'm glad the whale didn't kill his servers entirely, seems like he's helping to get us back down to lower diff.  The question is will he turn his power back full blast after we reach 50ish diff again. 
yes

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
jl777
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February 09, 2014, 07:45:21 PM
 #1152

If anybody knows of a decent coin to CPU mine that I dont know about, PM me.

I will tip 1% of what I mine as finders fee.

So, if you can find a good coin, it would be like having 3 dedicated servers mining it for you, just for being the first to let me know about it. With so many new coins coming out all the time, I cant fully research them all anymore.

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
ATScuba
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February 09, 2014, 07:51:34 PM
 #1153

I got a free account with microsoft and a free 30 day trial of azure - allows me to run 20 cores (each gets about 33kh/s) and point them at my pool - If a number of others can jump on this then perhaps we could generate some kh/s to offset this whale?

I realize that it will take alot of folks at 660kh/s - but it is something - and it only took me about 30 min to set up...

Trust Thread:
blaaaaacksuit
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February 09, 2014, 07:53:45 PM
 #1154

If anybody knows of a decent coin to CPU mine that I dont know about, PM me.

I will tip 1% of what I mine as finders fee.

So, if you can find a good coin, it would be like having 3 dedicated servers mining it for you, just for being the first to let me know about it. With so many new coins coming out all the time, I cant fully research them all anymore.

James

Mol might still be worth mining, especially with your hashrate.  Not sure about it though, it's a pain to cash them out but it can be done, I know for sure.  Mine mol, sign up with guogao.com trade mol for frozen coin on that exchange.  Then transfer frozen coin to coinedup and cash out into BTC.  

Edit: Guogao.com seems to be down for the next few days, wouldnt be the first time. 
deerough
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February 09, 2014, 08:01:20 PM
 #1155

I got a free account with microsoft and a free 30 day trial of azure - allows me to run 20 cores (each gets about 33kh/s) and point them at my pool - If a number of others can jump on this then perhaps we could generate some kh/s to offset this whale?

I realize that it will take alot of folks at 660kh/s - but it is something - and it only took me about 30 min to set up...

I may be mistaken, but that Azure free 1 month trial is $200 credit to use up to one month.  If you have 20 cores, sounds like you will burn through the $200 monthly credit very quickly.
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February 09, 2014, 08:02:26 PM
 #1156

I got a free account with microsoft and a free 30 day trial of azure - allows me to run 20 cores (each gets about 33kh/s) and point them at my pool - If a number of others can jump on this then perhaps we could generate some kh/s to offset this whale?

I realize that it will take alot of folks at 660kh/s - but it is something - and it only took me about 30 min to set up...

use your trial for later, why not get a decent value in return...

node-vps.com - Tron / Masternode hosting services
blaaaaacksuit
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February 09, 2014, 08:03:46 PM
 #1157

I got a free account with microsoft and a free 30 day trial of azure - allows me to run 20 cores (each gets about 33kh/s) and point them at my pool - If a number of others can jump on this then perhaps we could generate some kh/s to offset this whale?

I realize that it will take alot of folks at 660kh/s - but it is something - and it only took me about 30 min to set up...

I may be mistaken, but that Azure free 1 month trial is $200 credit to use up to one month.  If you have 20 cores, sounds like you will burn through the $200 monthly credit very quickly.

About four days of continuous use at 20 cores.
blaaaaacksuit
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February 09, 2014, 08:08:40 PM
 #1158

The whale is down to under 400 mhash now. 
jl777
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February 09, 2014, 08:08:55 PM
 #1159

I got a free account with microsoft and a free 30 day trial of azure - allows me to run 20 cores (each gets about 33kh/s) and point them at my pool - If a number of others can jump on this then perhaps we could generate some kh/s to offset this whale?

I realize that it will take alot of folks at 660kh/s - but it is something - and it only took me about 30 min to set up...

I may be mistaken, but that Azure free 1 month trial is $200 credit to use up to one month.  If you have 20 cores, sounds like you will burn through the $200 monthly credit very quickly.

About four days of continuous use at 20 cores.
Even at this reduced rate, whale is using ~30000 cores, would need 1000+ people to Azure. At least whale isnt being totally antisocial, if he was a true raper, he would be totally gone now and wait a week to come back. Maybe he calculates more profits with this method or maybe he REALLY likes this coin?

Edit: Hmmm, maybe he is a raper and just woke up and realized he was losing money. Now it will take forever to finish this round.

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
blaaaaacksuit
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February 09, 2014, 08:13:44 PM
 #1160

I got a free account with microsoft and a free 30 day trial of azure - allows me to run 20 cores (each gets about 33kh/s) and point them at my pool - If a number of others can jump on this then perhaps we could generate some kh/s to offset this whale?

I realize that it will take alot of folks at 660kh/s - but it is something - and it only took me about 30 min to set up...

I may be mistaken, but that Azure free 1 month trial is $200 credit to use up to one month.  If you have 20 cores, sounds like you will burn through the $200 monthly credit very quickly.

About four days of continuous use at 20 cores.
Even at this reduced rate, whale is using ~30000 cores, would need 1000+ people to Azure. At least whale isnt being totally antisocial, if he was a true raper, he would be totally gone now and wait a week to come back. Maybe he calculates more profits with this method or maybe he REALLY likes this coin?

Edit: Hmmm, maybe he is a raper and just woke up and realized he was losing money. Now it will take forever to finish this round.

Something tells me he optimized minerd as well.  I remember in the quark days CPU hash rate was around 40khash for quite some time before someone found a way to get in into the 80-90 khash per core range.  I don't see why the same thing couldn't be done with these new hashing algorithms.
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