Xenocyde
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May 15, 2014, 01:52:31 PM |
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The time has finally come! If you pay for electricity in the US and are mining with a radeon GPU the cost of the electricity is greater than the value of the BTC youre receiving through this pool for most. Its been a fun ride everyone. The LTC hashrate has increased over 50% in the last 2 weeks(!!!) and is only going to continue to rise rapidly. ASIC are here and are only going to get cheaper and more powerful.
However, the depressed BTC is actually a good thing. There is much profit to be made by selling hardware and buying cheap BTC
Oh, you again. We heard that 2 weeks ago from you. I'd really like to see what Terk has to say about this and if he's considering any X11 multipool.
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guitarplinker
Legendary
Offline
Activity: 1694
Merit: 1024
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May 15, 2014, 01:54:15 PM |
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The time has finally come! If you pay for electricity in the US and are mining with a radeon GPU the cost of the electricity is greater than the value of the BTC youre receiving through this pool for most. Its been a fun ride everyone. The LTC hashrate has increased over 50% in the last 2 weeks(!!!) and is only going to continue to rise rapidly. ASIC are here and are only going to get cheaper and more powerful.
However, the depressed BTC is actually a good thing. There is much profit to be made by selling hardware and buying cheap BTC
Depends where you're located, electricty prices vary, anywhere from 2 cents per kW/hr to ~15 cents per kW/hr. Right now with power at 12 cents per kW/hr, I'm still making about $1 a day after power with my machines.
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jpchrist
Full Member
Offline
Activity: 174
Merit: 100
16Q3R8NAfK63DvkTUGgLdPScyMU8uSAJUH
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May 15, 2014, 03:51:44 PM |
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The time has finally come! If you pay for electricity in the US and are mining with a radeon GPU the cost of the electricity is greater than the value of the BTC youre receiving through this pool for most. Its been a fun ride everyone. The LTC hashrate has increased over 50% in the last 2 weeks(!!!) and is only going to continue to rise rapidly. ASIC are here and are only going to get cheaper and more powerful.
However, the depressed BTC is actually a good thing. There is much profit to be made by selling hardware and buying cheap BTC
Dude, plagiarized my previous post...wtf?
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suchmoon
Legendary
Offline
Activity: 3794
Merit: 9018
https://bpip.org
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May 15, 2014, 05:29:03 PM |
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The time has finally come! If you pay for electricity in the US and are mining with a radeon GPU the cost of the electricity is greater than the value of the BTC youre receiving through this pool for most. Its been a fun ride everyone. The LTC hashrate has increased over 50% in the last 2 weeks(!!!) and is only going to continue to rise rapidly. ASIC are here and are only going to get cheaper and more powerful.
However, the depressed BTC is actually a good thing. There is much profit to be made by selling hardware and buying cheap BTC
Dude, plagiarized my previous post...wtf? Don't worry, he's doing that everywhere to everyone in a non-discriminatory fashion
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dmz241
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May 16, 2014, 07:11:58 AM |
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I think its better to go the route of cloud mining. I mean no hardware to worry about you pay electricity cost from what you earn which is great. Pbmining ghash.io and scrypt.cc are great. I was also looking into nicehash.
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GolfCabalist
Newbie
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Activity: 36
Merit: 0
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May 16, 2014, 10:04:40 AM |
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I have just now found your message, and I really appreciate it. What an exciting thread that is! Terk, thanks for settling the score of the unexchanged balance. I had figured that was just coins that had died but glad to see that there is progress to be made there. Perhaps it's less of an issue to me because my balance stuck unexchanged is literally just .002. So. Not too concerned about $0.90 Even though I dont have volt-modded Gridseeds, I have over-clocked them, and one of them gave 0 hardware errors at 950, so...it would do me well to be able to target individual units for specific clock speeds, or, as you suggest, use auto-tuning software.
Not only can you target individual units with a clock speed, you can target individual CHIPS within those units with a clock speed. If you run the autotune, you can get the results per chip from the API. If you're comfortable mucking around with some basic PHP, here's a script that will, based on autotune results, give you a command line string to start up your miner with the per chip settings. https://bitcointalk.org/index.php?topic=482352.msg6603449#msg6603449
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byt411
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May 16, 2014, 04:34:09 PM |
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I think its better to go the route of cloud mining. I mean no hardware to worry about you pay electricity cost from what you earn which is great. Pbmining ghash.io and scrypt.cc are great. I was also looking into nicehash.
Cloud isn't that great, but you forgot about LeaseRig.
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dmz241
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May 16, 2014, 07:31:04 PM |
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While I am using the gridseed consider this the price dropped from 300 to 85 in a month. If I had invested in let's say ghash.io I would have been in.profit by just selling the ghs. I just think cloud plus its trading is Bette r then investment in asics right now.
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dmz241
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May 16, 2014, 07:34:20 PM |
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A question I have I am running a customized scripta version by hashmaster on pi right now with 2 gridseeds. If I install linux on it can I run the gridseeds and an antminer u2 that I have sitting around.
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suchmoon
Legendary
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Activity: 3794
Merit: 9018
https://bpip.org
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May 16, 2014, 08:10:10 PM |
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While I am using the gridseed consider this the price dropped from 300 to 85 in a month. If I had invested in let's say ghash.io I would have been in.profit by just selling the ghs. I just think cloud plus its trading is Bette r then investment in asics right now.
While the price did drop significantly, it was not that much and not in a month. Yes, bad math is my pet peeve. Mid February - asiabtc - $260 per miner Mid March - GAW Miners - ~$200 Mid April - GAW, Hashra, etc - ~$120-$150 Now - $80-100, or about $60 for used ones.
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edonkey
Legendary
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Activity: 1150
Merit: 1004
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May 16, 2014, 10:41:46 PM |
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At the risk of being a whale watcher, it appears that 10 GH/s moved out of the pool. And WP has grown by about that much.
But WP's recent numbers and trends don't look that compelling. I wonder how the whale decides what pool to splash around in...
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Was I helpful? BTC: 3G1Ubof5u8K9iJkM8We2f3amYZgGVdvpHr
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lixxy
Member
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Activity: 72
Merit: 10
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May 17, 2014, 12:34:49 AM |
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How come profitabiliy is low right now, isn't Nautiluscoin super profitable to mine right now? Shouldn't Clever be jumping on that before the train leaves?
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byt411
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May 17, 2014, 01:21:29 AM |
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How come profitabiliy is low right now, isn't Nautiluscoin super profitable to mine right now? Shouldn't Clever be jumping on that before the train leaves?
I suppose Terk is already configuring that as we speak.
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Terk (OP)
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May 17, 2014, 01:32:25 AM |
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How come profitabiliy is low right now, isn't Nautiluscoin super profitable to mine right now? Shouldn't Clever be jumping on that before the train leaves?
Of course we're mining NAUT. We've been mining it for the last four days and I believe we've been the first coin-switch pool which added it (i.e. Waffle added it only yesterday). But the case with coins adjusting difficulty every block is that they swing from being very profitable to very unprofitable. We mine them when they're profitable, but most of the time they are not profitable because lower difficulty blocks are mined faster than higher difficulty blocks. Not only because of difficulty, but because all coin-switching pools move away from a coin when it becomes unprofitable and network hashpower drops significantly. The result is that block with 300% profitability is mined within 30 seconds, but block with 50% profitability can wait even 30 minutes to be mined. And our hashpower during these 30 minutes goes somewhere else. The result is that there is only very small percentage of time when such coins are really profitable. And of course we use all this time to mine them, but when their profitability goes below other coins, we switch to other coins. Yesterday NAUT was the most profitable coin during only 14.2% of the day and we put 14.2% of our yesterday's hashpower into it. The result was good and we earned 177% LTC profitability on NAUT. But we had bad luck with LTC mining yesterday and found less blocks than statistically expected, so our profitability from mining LTC was at 70% (this is normal and is because of variance). Breaking down our yesterday's results by LTC vs. all other coins, 47% of time/hashpower spent at mining LTC got us 70% LTC profitability, while 53% of time/hashpower mining other coins got us 119% LTC profitability. All this combined got us 96% profitability. If we had 100% profitability when mining LTC, then combined with other coins our yesterday's result would be at (0.47*100% + 0.53*119%) = 110%. LTC has so high difficulty that mining it has high variance and you can't do anything about it. Straight LTC pools get anywhere between 50% and 150% LTC profitability in any given day as well. The difference is that even if we have 70% profitability when mining LTC (what any straight LTC pool can also have), our other half of hashing-time has 119% profitability, what results in 96% day instead of 70% day.
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GolfCabalist
Newbie
Offline
Activity: 36
Merit: 0
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May 17, 2014, 04:24:55 AM |
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The time has finally come! If you pay for electricity in the US and are mining with a radeon GPU the cost of the electricity is greater than the value of the BTC youre receiving through this pool for most. Its been a fun ride everyone. The LTC hashrate has increased over 50% in the last 2 weeks(!!!) and is only going to continue to rise rapidly. ASIC are here and are only going to get cheaper and more powerful.
However, the depressed BTC is actually a good thing. There is much profit to be made by selling hardware and buying cheap BTC
Oh, you again. We heard that 2 weeks ago from you. I'd really like to see what Terk has to say about this and if he's considering any X11 multipool. What kind of hardware do you need to mine X11?
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mstrongbow
Sr. Member
Offline
Activity: 322
Merit: 250
3D Printed!
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May 17, 2014, 04:51:22 AM |
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The time has finally come! If you pay for electricity in the US and are mining with a radeon GPU the cost of the electricity is greater than the value of the BTC youre receiving through this pool for most. Its been a fun ride everyone. The LTC hashrate has increased over 50% in the last 2 weeks(!!!) and is only going to continue to rise rapidly. ASIC are here and are only going to get cheaper and more powerful.
However, the depressed BTC is actually a good thing. There is much profit to be made by selling hardware and buying cheap BTC
Oh, you again. We heard that 2 weeks ago from you. I'd really like to see what Terk has to say about this and if he's considering any X11 multipool. What kind of hardware do you need to mine X11? GPU mining I believe
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suchmoon
Legendary
Offline
Activity: 3794
Merit: 9018
https://bpip.org
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May 17, 2014, 04:52:40 AM |
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What kind of hardware do you need to mine X11?
AMD GPU, and software with X11 support (e.g. sgminer-sph) NVIDIA might also be an option, I think there is a new ccminer with X11 support but I haven't tried it yet.
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Trestle
Member
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Activity: 102
Merit: 10
Rockem Sockem
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May 17, 2014, 08:29:50 AM |
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CCminer is doing x11 very well.
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ghur
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May 17, 2014, 08:36:27 AM |
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What kind of hardware do you need to mine X11?
AMD GPU, and software with X11 support (e.g. sgminer-sph) NVIDIA might also be an option, I think there is a new ccminer with X11 support but I haven't tried it yet. Actually, nvidia is where it's at atm for X11.
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doge: D8q8dR6tEAcaJ7U65jP6AAkiiL2CFJaHah Automated faucet, pays daily: Qoinpro
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_Crash_
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May 17, 2014, 11:17:45 AM |
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Scrypt-Based Mining now is just generally dead. I don't see the point anymore, even if you have Mh/s, you're still losing a LOT with electricity costs.
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MiningSpace.net - MULTI-COIN / MULTI-POOL :: Miners Paid TX Fees! :: Europe :: Most Profitable Pool! :: Gigabit Connectivity :: 0% Fee!
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