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Author Topic: Primecoin GPU miner: 9.1 CPD on a 280x / pool / 2% dev.fee  (Read 99941 times)
fudge
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May 05, 2014, 10:04:09 PM
 #1161

I would say solo mining Primecoin is (currently) dead.
agree. We need a pool version asap

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May 06, 2014, 08:34:59 AM
 #1162

not dead at all u might not hit a block in 48hrs but it doesnt mean that u wont hit 1 after that or 2 etc just the way soloming is it will average out the same

when soloming u should mine for at least a week to compare with pool and with pool u have down time and pool fees

I was doing a lot more on ypool. Consistently, I might add. The comparison has been made with the numbers I'm getting, not with blatant claims. No one is talking shit, but I am pointing out (as others have) that we need a pool.

Given the number of GPU miners that are probably using this miner, I doubt we would even need to cling ourselves to another already established pool (ypool, beeeer). I'm just wondering:

1) how many more days the primeGPU team is going to milk out that new optimized miner (and if it will even matter by they time they release it)
2) if and when pool support will ever be added

They're still getting 10% from every block that's found with the free version, so I'd say it's in their best interest to get the ball rolling.
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May 06, 2014, 02:58:18 PM
 #1163

I see a bunch of people making demands for things.  It seems to me that primegpu can see what is in their own interest.  I suspect that they can see where the xpms come from and will release a pool miner when it is ready.

I have to respect them for the improvements and the advancements so far.  I think they should release the pool miner when it is ready and when the pool is ready.  Not when some bitchy person on the internet demands it. 

I have used pools and still use pools, but people's dependence and faith in pools is strange.  It is funny to me, how they fail to follow the logic that their payouts will be less when using a pool, even when the pool is 100% legit.  Then add in the people cheating the system and manipulating the shares or hacking, which bring down profits even more.....
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May 06, 2014, 03:56:37 PM
 #1164

I think primeGPU made a wrong business decision to offer this miner in exchange for XPM when it came out. He had the fastest miner in the beginning, it made sense to solo mine at the time. But a lot of people who had the right hardware, didn't have 65 or 35 XPM, so they used Claymore's miner instead. Then Claymore's miner became better, difficulty became greater, giving everybody little reason to switch and go solo. There should have been a 10% dev fee from the start, instead of 65-35-25XPM per license. PrimeGPU would have way more XPM now and so would the users of his miner.
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May 06, 2014, 04:41:12 PM
 #1165

I think primeGPU made a wrong business decision to offer this miner in exchange for XPM when it came out. He had the fastest miner in the beginning, it made sense to solo mine at the time. But a lot of people who had the right hardware, didn't have 65 or 35 XPM, so they used Claymore's miner instead. Then Claymore's miner became better, difficulty became greater, giving everybody little reason to switch and go solo. There should have been a 10% dev fee from the start, instead of 65-35-25XPM per license. PrimeGPU would have way more XPM now and so would the users of his miner.

fundamentally Claymore's miner updated faster, offered options to pool or solo mine.

Only primeGPU would know if it is better to charge a fee or use dev fee, as only he knows his users base.

From user's point of view, if you have > 2 GPUs of decent speed, it is better to pay 35 XPM since you should be able to ROI, even better if pool option was in in the first place (assuming w/o dev fee). However, solo mining is not that popular; most ppl prefer stable income and primeGPU does not have the means to collect % of earning from solo mining early on.. was until Claymore showed it was possible.
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May 06, 2014, 04:47:12 PM
 #1166

I think primeGPU made a wrong business decision to offer this miner in exchange for XPM when it came out. He had the fastest miner in the beginning, it made sense to solo mine at the time. But a lot of people who had the right hardware, didn't have 65 or 35 XPM, so they used Claymore's miner instead. Then Claymore's miner became better, difficulty became greater, giving everybody little reason to switch and go solo. There should have been a 10% dev fee from the start, instead of 65-35-25XPM per license. PrimeGPU would have way more XPM now and so would the users of his miner.


I think you may be right, but I don't think that they knew about the other miners that were ready to go, so they didn't take that into account.
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May 06, 2014, 04:52:46 PM
 #1167

I think primeGPU made a wrong business decision to offer this miner in exchange for XPM when it came out.
We still believe it was the right one.

He had the fastest miner in the beginning, it made sense to solo mine at the time. But a lot of people who had the right hardware, didn't have 65 or 35 XPM, so they used Claymore's miner instead.
You messed this up quite a bit.
We had not the fastest miner but the only miner at the beginning.
(We still have the fastest miner at least for 280x).

Then Claymore's miner became better, difficulty became greater, giving everybody little reason to switch and go solo. There should have been a 10% dev fee from the start, instead of 65-35-25XPM per license. PrimeGPU would have way more XPM now and so would the users of his miner.
If you read the first pages of the thread you will see our reasonings:
1) We wanted to make money both for ourselves and our customers - hense the whole 1440 licenses/first month thing.
Note: everone who bought the license for 65 xpm either got a 30 xpm refund or an additional free license.
2) We were first and everyone was under impression it's another "xpm gpu" scam - so we made open-source-client / closed-source-server to make everyone a bit more relaxed about installing our miner. The dev fee just doesn't belong in this scheme. Claymore didn't have to convince anyone it's possible to have an xpm gpu miner.
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May 06, 2014, 04:56:36 PM
 #1168

primeGPU does not have the means to collect % of earning from solo mining early on.. was until Claymore showed it was possible.
Well, it's not a rocket science Smiley
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May 06, 2014, 07:22:12 PM
 #1169

are u going to use the new hp14 on any updates

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May 06, 2014, 11:14:31 PM
 #1170

It is funny to me, how they fail to follow the logic that their payouts will be less when using a pool, even when the pool is 100% legit.  Then add in the people cheating the system and manipulating the shares or hacking, which bring down profits even more.....

Maybe it's not that people don't realize it, and more like they're willing to accept a small fee in exchange for consistency. That and the ability to turn off the miner without resetting the statistics of chain/block finding.
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May 06, 2014, 11:24:55 PM
 #1171

I would say solo mining Primecoin is (currently) dead. Just waiting for a block before I move over to ypool.

I just want to point out that I did find 2 blocks, about 30 minutes apart, after 60 hours of solo mining (with 3 280x cards); and yes, it was in line with my expected blocks per day (I found them with a block expectancy of around 2.3). Not bad, but I'll still be moving over to ypool. Ideally, the miner will run non-stop for over a week; realistically, shit always happens (power goes out, miner crashes, driver crashes, miner update required, etc.).
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May 07, 2014, 02:05:34 AM
 #1172

Guys, check out my new primecoin pool + gpu miner: https://bitcointalk.org/index.php?topic=598542.0
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May 07, 2014, 04:32:39 AM
 #1173

Quote from: primer10
From user's point of view, if you have > 2 GPUs of decent speed, it is better to pay 35 XPM since you should be able to ROI, even better if pool option was in in the first place (assuming w/o dev fee).

That would be 35 XPM per card. There has never been a pool option.
It would not be more profitable to the end user to pay 35 XPM vs having a 10% dev fee, until they've made at least 350 XPM (this is when a 10% fee would amount to more than 35 XPM). So tell me please, who has made that many? Not too many folks. Don't ignore the rising difficulty, possible policy changes and eventual arrival of new (faster) miners that can completely change the mining landscape.  

Quote from: primer10
However, solo mining is not that popular; most ppl prefer stable income and primeGPU does not have the means to collect % of earning from solo mining early on.. was until Claymore showed it was possible.

Solo mining is okay when you can count on a couple of blocks or more per day on average. If you are unlucky or getting stales, it's not too bad. But when it's one block per week, which could be stale... and you have a rising difficulty, it makes no sense to solo mine. Soon it's gonna be one block a month... Imagine that it is stale. You've made nothing, after 720 hours of mining... you could be unlucky and get your stale block after 2 months instead of 1 as well...

Quote from: primeGPU
We still believe it was the right one.
Well, I don't know if it was financially. You maybe have made more XPM to date, than you would with a 10% dev fee, assuming the same amount of clients (they certainly haven't, though). But you'd have a lot MORE people who are using Claymore's miner now mining with yours the whole time, if you had started with a 10% fee, therefore you'd have way MORE XPM now as well.

Quote from: primeGPU
You messed this up quite a bit.
We had not the fastest miner but the only miner at the beginning.
(We still have the fastest miner at least for 280x).

I'm counting from the day you offered it for sale, since I'm arguing a 10% dev fee would have been better than a certain amount of XPM. Sure you have the fastest miner for 280x, I know. But that does not necessarily translate into more XPM, than mining with a slower miner on a pool.

Quote from: primeGPU
If you read the first pages of the thread you will see our reasonings:
1) We wanted to make money both for ourselves and our customers - hense the whole 1440 licenses/first month
thing.
Note: everone who bought the license for 65 xpm either got a 30 xpm refund or an additional free license.
2) We were first and everyone was under impression it's another "xpm gpu" scam - so we made open-source-client
/ closed-source-server to make everyone a bit more relaxed about installing our miner. The dev fee just doesn't
belong in this scheme. Claymore didn't have to convince anyone it's possible to have an xpm gpu miner.

I know all that, but in retrospect it was not the best decision. The difficulty rose so fast that it was not the best route to follow soon after launch, which is evident even from your own actions, namely, miner is no longer for sale, 1440 license limit is no longer there... That's what happens to subpar decisions. They get changed when it is realized they are subpar.

I totally want your miner to be successful otherwise. I'm not trying to bash it.
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May 07, 2014, 10:31:07 PM
 #1174

Any new news? Updates?

CRYPTSY exchange: https://www.cryptsy.com/users/register?refid=9017 BURST= BURST-TE3W-CFGH-7343-6VM6R BTC=1CNsqGUR9YJNrhydQZnUPbaDv6h4uaYCHv ETH=0x144bc9fe471d3c71d8e09d58060d78661b1d4f32 SHF=0x13a0a2cb0d55eca975cf2d97015f7d580ce52d85 EXP=0xd71921dca837e415a58ca0d6dd2223cc84e0ea2f SC=6bdf9d12a983fed6723abad91a39be4f95d227f9bdb0490de3b8e5d45357f63d564638b1bd71 CLAMS=xGVTdM9EJpNBCYAjHFVxuZGcqvoL22nP6f SOIL=0x8b5c989bc931c0769a50ecaf9ffe490c67cb5911
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May 08, 2014, 02:17:24 AM
 #1175

we will soon see a pool with 2% fee + free GPUminer... trust me
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May 08, 2014, 07:54:34 AM
 #1176

really cool!
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May 08, 2014, 10:17:46 AM
 #1177

Just so everyone knows, there is a new Primecoin GPU miner out. Its only 33% faster than primeGPUs miner on a 280x.  Wink Pool fee is 10%.

https://bitcointalk.org/index.php?topic=598542.0
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May 08, 2014, 11:23:23 AM
 #1178

Just so everyone knows, there is a new Primecoin GPU miner out. It's only 33% faster than primeGPUs miner on a 280x.  Wink Pool fee is 10%.

https://bitcointalk.org/index.php?topic=598542.0


Except the pool is always down and you cant mine, and it has no solo mining.

Go shit in some one else's thread.
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May 08, 2014, 11:31:43 AM
 #1179

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Except the pool is always down and you cant mine, and it has no solo mining.

Go shit in some one else's thread.

How about if you have nothing constructive to add, refrain from idiotic comments? There will be other miners coming out in the future, some maybe faster and soon only simple Jack and you will be solo-mining... who's stopping you? Mine using an inferior miner if you think it's a good idea...
ap1
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May 08, 2014, 01:10:55 PM
 #1180

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Except the pool is always down and you cant mine, and it has no solo mining.

Go shit in some one else's thread.

How about if you have nothing constructive to add, refrain from idiotic comments? There will be other miners coming out in the future, some maybe faster and soon only simple Jack and you will be solo-mining... who's stopping you? Mine using an inferior miner if you think it's a good idea...

Indeed... I remember the creator of primeGPU said that it will go open source (or at least one of the plans?) if faster miners come out  Grin
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