CPU Mining - Who will emerge Dominant?

[Mousepotato]

Don't know, don't care.  Whatever one yields the highest BTC ratio is the one I'm going to mine.

[1714918306]

1714918306

[grod]

Sound advice my friend. Very nice advice

But what do you think about Solidcoin 2

Like all bitcoin chains it's created with dreams of making the founder inconcievable amounts of cash.  The trick, as with all other chains, is to beat him to the exit.  The revenue model of solidcoin makes it competitive with established, convenient, safe, etc ways to transfer money online -- yet with all the drawbacks of fringe cryptocurrencies.  It's doomed before it starts, but we haven't burned all the shitcoin investors yet so there will once again be a few thousand $ up for grabs.

[Lolcust]

Perhaps you wanted to say that  "The revenue model of solidcoin makes it compete with established, convenient, safe, etc ways to transfer money online -- yet with all the drawbacks of fringe cryptocurrencies", because I doubt that you're a guy would could believe that anything other than an intervention by a supernatural force could make Solidcoin 2.0 actually "competitive" compared to "established, convenient, safe etc ways to transfer money online" 

[bulanula]

Dumped all my 176 tenebrix for 0.3 BTC not bad deal etc. mining this then dumping it as soon as it is confirmed !!

don't even feel sorry for the tbx buying sukaz  

It seems everyone cashing out TBX eg 40000 TBX already cashed out out of 60k mined so far from start etc. haha epic

if you are holding TBX then you will be left holding the bag in the end Enjoy !!!

[tacotime]

Dumped all my 176 tenebrix for 0.3 BTC not bad deal etc. mining this then dumping it as soon as it is confirmed !!

don't even feel sorry for the tbx buying sukaz  

It seems everyone cashing out TBX eg 40000 TBX already cashed out out of 60k mined so far from start etc. haha epic

if you are holding TBX then you will be left holding the bag in the end Enjoy !!!

I will hold, I lost money on i0coin and solidcoin, why not lose money on Tenebrix too?  The thing is, if Tenebrix ends up like another bitcoin, they could eventually be worth dollars each, so if I mine thousands of them now and sell them off later, that's tons of profit for me at a relatively low risk.

This is exactly why people are buying them from you for nothing too -- 10BTC for 20000 TBX now, but if the price of TBX skyrockets, you'll make a lot more than that same $50 you would get from bitcoin.  You might be throwing out your cash, but you also might be betting on the right number on a roulette wheel.

[bulanula]

Dumped all my 176 tenebrix for 0.3 BTC not bad deal etc. mining this then dumping it as soon as it is confirmed !!

don't even feel sorry for the tbx buying sukaz  

It seems everyone cashing out TBX eg 40000 TBX already cashed out out of 60k mined so far from start etc. haha epic

if you are holding TBX then you will be left holding the bag in the end Enjoy !!!

I will hold, I lost money on i0coin and solidcoin, why not lose money on Tenebrix too?  The thing is, if Tenebrix ends up like another bitcoin, they could eventually be worth dollars each, so if I mine thousands of them now and sell them off later, that's tons of profit for me at a relatively low risk.

This is exactly why people are buying them from you for nothing too -- 10BTC for 20000 TBX now, but if the price of TBX skyrockets, you'll make a lot more than that same $50 you would get from bitcoin.  You might be throwing out your cash, but you also might be betting on the right number on a roulette wheel.

So far no chain except bitcoin ever reached $1 (except Namecoin which actually has a use except fairy dust WOW gold currency). Why would it ever reach that value ? Bitcoin is special. It is the biggest, cannot be attacked and the most established as was first created and limited 21 million supply. Nothing can really match that.

Enjoy getting stuck with your tenebrix !

I also sell my dog poop for $1 each. MAYBE in 100 years dog poop used as rocketship fuel so I'm holding it  

[racerguy]

Just took my 3000 off the exchange (1000 were bought @0.004), I'm balls out for the big score with this one.

[tacotime]

So far no chain except bitcoin ever reached $1 (except Namecoin which actually has a use except fairy dust WOW gold currency). Why would it ever reach that value ? Bitcoin is special. It is the biggest, cannot be attacked and the most established as was first created and limited 21 million supply. Nothing can really match that.

Enjoy getting stuck with your tenebrix !

I also sell my dog poop for $1 each. MAYBE in 100 years dog poop used as rocketship fuel so I'm holding it  

Well, I do have $10 of disposable income to invest as I please, and if the amount tenebrix costs goes up by orders of magnitude and I make $1000, every $10 I've put into every new block chain so far will be well worth it.  I mean, it's really not too complicated, if people make 100 new block chains and one of them turns out to be useful and you invest a little money in it early on, you can easily make lots back later.  So I'm not worried.

[worldinacoin]

Well the higher the risk, the greater the reward, perhaps I should target one of such coins

So far no chain except bitcoin ever reached $1 (except Namecoin which actually has a use except fairy dust WOW gold currency). Why would it ever reach that value ? Bitcoin is special. It is the biggest, cannot be attacked and the most established as was first created and limited 21 million supply. Nothing can really match that.

Enjoy getting stuck with your tenebrix !

I also sell my dog poop for $1 each. MAYBE in 100 years dog poop used as rocketship fuel so I'm holding it  

Well, I do have $10 of disposable income to invest as I please, and if the amount tenebrix costs goes up by orders of magnitude and I make $1000, every $10 I've put into every new block chain so far will be well worth it.  I mean, it's really not too complicated, if people make 100 new block chains and one of them turns out to be useful and you invest a little money in it early on, you can easily make lots back later.  So I'm not worried.

[phelix]

Dumped all my 176 tenebrix for 0.3 BTC not bad deal etc. mining this then dumping it as soon as it is confirmed !!
[...]

did you calculate this through with energy costs?

[Lolcust]

If he's running it on his mining rig at idle priority while mining other coins, the increase in power consumption compared to not running TBX and just letting the cpu burn electricity idling should be quite negligible.

[phelix]

If he's running it on his mining rig at idle priority while mining other coins, the increase in power consumption compared to not running TBX and just letting the cpu burn electricity idling should be quite negligible.

even like that it is still around or slightly below energy costs for me at the moment

[Lolcust]

Aren't energy costs covered by the "GPU" part of the operation ?

[sd]

Aren't energy costs covered by the "GPU" part of the operation ?

No. If you max out your CPU it will use more power than an idle CPU. On some CPUs it may be cheaper to buy the coins than pay the extra electricity costs, particularly if you use air-conditioning to get rid of the excess heat.

[Lolcust]

Errrr... max out != mine at idle priority, no ?

[Bobnova]

Adding unprofitable mining to profitable mining doesn't make the unprofitable mining profitable.





Been thinking about it, and I've decided it'll definitely be tenebrix.
Think about it:

1) Built specifically for botnet use.
2) Laundry.
1 + 2 = 3) Ideal currency for botnet herders to use for other illegal activities.

Presto!



Sidenote:  Idle priority uses any spare CPU cycles, resulting in 100% CPU load at all times.
You can't do work on a CPU without burning power, it doesn't matter what priority you assign.

[worldinacoin]

I think it is a nice complement to bitcoin mining.  Bitcoin takes up all the GPU hashes, whereas the CPU cycles can be used to mine tenebrix, fairbrix or solidcoin2.0.  We can ensure that our rigs or computers are fully utilized.

[ArtForz]

Dunno, it's still plenty profitable around here, and that's at $0.30/kWh...
Unless you have a P4 or pay like $1/kWh ... how on earth do you end up with a loss?

[Bobnova]

Things have chance, BTX was .001 at that time.
No pool + current difficulty means finding a block is rough, too.
I'm going to slap it on the simplecoin pool and see what happens.

[Lolcust]

Things have chance, BTX was .001 at that time.
No pool + current difficulty means finding a block is rough, too.
I'm going to slap it on the simplecoin pool and see what happens.

Eeee, simplecoin already has TBX if I recall correctly...