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bigblind
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March 13, 2014, 10:44:59 PM |
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are workernames working now?
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If you see garbage posts (off-topic, trolling, spam, no point, etc.), use the "report to moderator" links. All reports are investigated, though you will rarely be contacted about your reports.
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oktay50000
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March 13, 2014, 11:27:21 PM |
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eu server down.  ? |
BTC : bc1qqz9hvv806w2zs42mx4rn576whxmr202yxp00e9
feel free to buy me a bear
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LPCobris
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March 14, 2014, 01:04:00 AM |
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What is going on with the Alt-Coins latelly?...
Im getting miserable payouts... Much lower then the 0.01 per Mhash i was getting a few weeks ago...
If we join the low value of the BTC atm, i think i will have to shut down part of my farm (maybe half), why are the coins so low?
I understand the MT GOX Fiasco and the low BTC price, but the alt-coin market should be independent right?
LPC
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sgrimmett
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March 14, 2014, 01:10:47 AM |
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What is going on with the Alt-Coins latelly?...
Im getting miserable payouts... Much lower then the 0.01 per Mhash i was getting a few weeks ago...
If we join the low value of the BTC atm, i think i will have to shut down part of my farm (maybe half), why are the coins so low?
I understand the MT GOX Fiasco and the low BTC price, but the alt-coin market should be independent right?
LPC
What you are seeing is a combination of factors, but alt-coins are not independent of BTC. Shutting down your farm may be the right decision for you and will help other individuals who are able to keep their rigs operating at lower cost by decreasing the network hashrates. Full disclosure, I am increasing my position in scrypt hashing at the moment. |
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phzi
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March 14, 2014, 01:11:25 AM |
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Altcoins are anything but independant of BTC. The recent slump is to be expected when BTC falls upon hard times in the public eye - less speculators with faith in BTC means even less speculators buying up cheap altcoins. Scrypt ASICs from gridseed are also playing part, very likely.
If your power is expensive, scrypt mining with GPUs may soon be (or already be) unprofitable for you. Such is reality.
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LPCobris
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March 14, 2014, 01:20:03 AM |
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Altcoins are anything but independant of BTC. The recent slump is to be expected when BTC falls upon hard times in the public eye - less speculators with faith in BTC means even less speculators buying up cheap altcoins. Scrypt ASICs from gridseed are also playing part, very likely.
If your power is expensive, scrypt mining with GPUs may soon be (or already be) unprofitable for you. Such is reality.
The problem here is really the low value of the coins atm... If we think that... Alt-Coin -> BTC -> USD -> EUR, when it finally gets to my account fees and craps/currency conversions, eats away the money... Like everyone else here, im trying to get some money on the side... i have invested some money but this whole situation its getting me nervous... Will the coins recover their value? What the story with the Gridseed asic? There is something new? From what i saw last time, the chips where not that fast on scrypt... 5 for 330khash, 10 for 3 mhash... 7w for each usb... 70 total on 10 but way expensive... Best Regards, LPC |
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WhatCantIRegister
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March 14, 2014, 01:23:40 AM |
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Altcoins are anything but independant of BTC. The recent slump is to be expected when BTC falls upon hard times in the public eye - less speculators with faith in BTC means even less speculators buying up cheap altcoins. Scrypt ASICs from gridseed are also playing part, very likely.
If your power is expensive, scrypt mining with GPUs may soon be (or already be) unprofitable for you. Such is reality.
My personal goal is to get to 25% ROI, at which point I feel "safe". I feel from that point on, I can at least break-even on selling parts and what not, and all my rigs were just a fun hobby. Hard to say of course, since the market would be flooded with people selling off their gear, but we'll see just how much longer GPU mining can hold out for. I think a big step forward would be for multipool's to stop coin dumping and attempt more long-term profitability methods. What those are, I don't know, but we're killing coin values. Don't worry about Gridseed's too much: Worry about 2nd generation when they start coming. |
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sgrimmett
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March 14, 2014, 01:27:12 AM |
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My personal goal is to get to 25% ROI, at which point I feel "safe". I feel from that point on, I can at least break-even on selling parts and what not, and all my rigs were just a fun hobby. Hard to say of course, since the market would be flooded with people selling off their gear, but we'll see just how much longer GPU mining can hold out for.
I think this will be completely dependent on your price of power. It can range from 5 cents to 40+ cents per kwh depending on where you are, and that can be enough to make GPUs profitable for many months to come, or not at all right now. |
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WhatCantIRegister
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March 14, 2014, 01:37:56 AM |
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I think this will be completely dependent on your price of power. It can range from 5 cents to 40+ cents per kwh depending on where you are, and that can be enough to make GPUs profitable for many months to come, or not at all right now.
Yep, I agree. $0.137/kw here. Not the best, but it's not horrible.. |
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sgrimmett
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March 14, 2014, 01:40:21 AM |
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Yep, I agree. $0.137/kw here. Not the best, but it's not horrible..
Yup - I'm at 0.077/kwh, so I'm pretty happy with that... Hydroelectric power at its best! |
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RickJamesBTC
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March 14, 2014, 01:51:49 AM |
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I really doubt that gridseed miners are doing anything to the prices. They cost much more per KHs than GPUs, especially now that Newegg has lowered gpu prices again. I know people are still building mining rigs as fast as they can, I'm selling thousands of usb risers a week. It has slowed down some, but a lot of people are still getting started.
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LPCobris
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March 14, 2014, 01:52:11 AM |
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Yep, I agree. $0.137/kw here. Not the best, but it's not horrible..
Yup - I'm at 0.077/kwh, so I'm pretty happy with that... Hydroelectric power at its best! DAMMMM That is way way good... Im here in Portugal (the country where the citizens get "ass fucked without vaseline!"). Im paying (at special negotiated prices with ENDESA) - 0.160182 € per Kwh. To this value add more 23% of tax... Expensive... So im very sensitive to the money prices... Even if the alt-coin was low, but the BTC was high... it could compensate... LPC |
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sgrimmett
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March 14, 2014, 01:55:21 AM |
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I really doubt that gridseed miners are doing anything to the prices. They cost much more per KHs than GPUs, especially now that Newegg has lowered gpu prices again. I know people are still building mining rigs as fast as they can, I'm selling thousands of usb risers a week. It has slowed down some, but a lot of people are still getting started.
I agree on the gridseed miners - I watch this carefully, but at current capital costs, they are not more cost effective. It is better to purchase cheaper GPUs and run them undervolted - I look at windows of 3-6 months of time for ROI. Gridseeds may be 6+ months ROI, and that starts to get very risky with the current BTC and alt coin climate. |
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dogechode
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March 14, 2014, 01:59:38 AM |
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I really doubt that gridseed miners are doing anything to the prices. They cost much more per KHs than GPUs, especially now that Newegg has lowered gpu prices again. I know people are still building mining rigs as fast as they can, I'm selling thousands of usb risers a week. It has slowed down some, but a lot of people are still getting started.
Don't buy anything from newegg, their service is TERRIBLE and their prices are absurd. If a card costs 500 on Newegg it will very likely be $50-100 cheaper from other online stores with better service - check superbiiz, microcenter, etc. I recently did a comparison for several key mining items and found newegg had the highest price of all the retailers I looked at for every single item I was checking. |
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RickJamesBTC
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March 14, 2014, 02:01:07 AM |
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Nonsense. Nobody else has the kind of stock newegg does. Also, if you are a premier member, it makes shipping and returns much easier to deal with. They used to be a pain, the premier thing really made things better. I've been buying lots of GPUs for months, nobody else ever has stock, or limits you to one card at a time.
Edit to add, just checked superbiiz and microcenter. Both have prices significantly above newegg.
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sgrimmett
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March 14, 2014, 02:05:53 AM |
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Nonsense. Nobody else has the kind of stock newegg does. Also, if you are a premier member, it makes shipping and returns much easier to deal with. They used to be a pain, the premier thing really made things better. I've been buying lots of GPUs for months, nobody else ever has stock, or limits you to one card at a time.
In Canada, their instock and pricing is pretty bad compared to other retailers. |
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WhatCantIRegister
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March 14, 2014, 02:07:28 AM |
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Nonsense. Nobody else has the kind of stock newegg does. Also, if you are a premier member, it makes shipping and returns much easier to deal with. They used to be a pain, the premier thing really made things better. I've been buying lots of GPUs for months, nobody else ever has stock, or limits you to one card at a time.
I'd fight that with saying that while sometimes their stock is good, returns with them is a pain in the butt. I buy mostly Amazon, knowing that I'm only going to have to pay shipping costs for returning anything I get via Prime. And Prime is 10x better then NewEgg. NewEgg shipping used to be so good: Now if I order on a Monday, I get my stuff on Friday :/ I quite literally live as far East Coast as you can in the US. |
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dalak
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March 14, 2014, 02:36:55 AM |
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I think a big step forward would be for multipool's to stop coin dumping and attempt more long-term profitability methods. What those are, I don't know, but we're killing coin values.
Don't worry about Gridseed's too much: Worry about 2nd generation when they start coming.
Finally someone cared to mentioned that. I have also been thinking what should multipools like wafflepool do in order to reduce the damage. There is that new multipool hopping through multiple "most profitable" currencies instead of chosing the most profitable but I am not sure it is enough. Recently, it came to my attention in this forum that people really partially blame multipools for the altcoin value reduction and there is a growing dislike/anger towards them. I really wonder what poolwaffle is thinking about the issue. I also aggree with you on that next gen asics will be the real game changer, not the Gridseed chips. |
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dogechode
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March 14, 2014, 03:37:59 AM |
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Nonsense. Nobody else has the kind of stock newegg does. Also, if you are a premier member, it makes shipping and returns much easier to deal with. They used to be a pain, the premier thing really made things better. I've been buying lots of GPUs for months, nobody else ever has stock, or limits you to one card at a time.
I'd fight that with saying that while sometimes their stock is good, returns with them is a pain in the butt. I buy mostly Amazon, knowing that I'm only going to have to pay shipping costs for returning anything I get via Prime. And Prime is 10x better then NewEgg. NewEgg shipping used to be so good: Now if I order on a Monday, I get my stuff on Friday :/ I quite literally live as far East Coast as you can in the US. Yeah, wait until you have a problem Rick. I loved Newegg too.. until I had a problem. Then another. Then a third. None of which were handled well AT ALL. |
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