[XMR] Monero - A secure, private, untraceable cryptocurrency

[cisahasa]

got my miners online..
how many coins/day can i expect at Hash Rate: 445.00 H/sec?

<+MoneroBot> With 445 H/s you should get 3.53 MRO per Day

wish i had o botnet..

[1714055777]

1714055777

[emontmon]

for 500 dollars what would smooth david or ezih buy  (other than investing, as investing is beyond most normal human beings, let alon investing in cryptocurrencies.)

At the $500 price point you are likely talking about one computer.

That being the case, I would buy a computer you could use for other things. Then you get the mining gear for free, and no one can compete with that.

If it were specifically for mining you want to maximize your mining power for the absolute minimum cost, which means you want a decent CPU but not a  high end extreme model. I would build my open rig (don't waste money on a case) get a very basic motherboard, ideally with integrated video (again don't waste money on a video card) and minimal RAM. Run linux on it.

Also, take a look at whether you can get more output with two $250 systems (lower end CPU) instead of one $500. I'm not sure. Once we have a good performance chart it will be easier to figure this out.

If you want to spend more and go bigger then, at some point, you need to deal with hosting issues and are better of with rack mounted servers, possibly blades. I think they have a bit of a price premium though. For a while stick with cheap open rigs.

VPS may make sense short term but if you are in this for the long term buying hardware (efficiently) is quite a bit cheaper than VPS, even if you end up having to rent space for your farm. This likely requires good skills in getting back value out of reselling used gear when you upgrade.

In summary mining is all about cost efficiency above all else. If you were around at all during the big GPU mining phase of bitcoin and altcoins then it is really the same principles, except with the GPU. You can look around at how people save money by not spending it on inessential components (cases, etc.), finding promotional deals, etc.

as always insightful.
thank you. this might help new comers as well. imagine, people buying 500 dollar computers to run their wallet and daemon. liek buying a phone. a necessity for modern money use.
a phone could carry the wallet info and can be used a card. you use the camera to capture the destination address, and an app captures money to be sent and your home computer handles the rest. I think i am just rambling. but I feel there is an idea there. i just know it.

[sorryforthat]

got my miners online..
how many coins/day can i expect at Hash Rate: 445.00 H/sec?

<+MoneroBot> With 445 H/s you should get 3.53 MRO per Day

wish i had o botnet..

That is actually kinda slow and can be acheived with about 1 server. The botnets are pulling 20Kh/s

[cisahasa]

got my miners online..
how many coins/day can i expect at Hash Rate: 445.00 H/sec?

<+MoneroBot> With 445 H/s you should get 3.53 MRO per Day

wish i had o botnet..

That is actually kinda slow and can be acheived with about 1 server. The botnets are pulling 20Kh/s

one day we will mine this with gpu?

[emontmon]

got my miners online..
how many coins/day can i expect at Hash Rate: 445.00 H/sec?

<+MoneroBot> With 445 H/s you should get 3.53 MRO per Day

wish i had o botnet..

That is actually kinda slow and can be acheived with about 1 server. The botnets are pulling 20Kh/s

one day we will mine this with gpu?

hopefully not

[Slipknot79]

MoneroPool.org now uses the stratum protocol on port 7777.  All ports except port 5555 will be switched to the stratum protocol in 24 hours.

To connect, use this

Code:

minerd -a cryptonight -o stratum+tcp://mine.moneropool.org:7777 -u address -p x

More instructions here

Simpleminer is not compatible with the stratum protocol, so please switch to cpuminer if you can.

10% mining bonus for the next 20 blocks!

Thanks, perhaps I need to compile a new cpu multi miner from somewhere else? Compiled it just yesterday.
HTTP request failed: Protocol stratum+tcp not supported or disabled in libcurl

You have to compile it again, yesterday is too old.  

You are right haha, thanks!

For an i7-2600 on Linux 64bit, any special flags I should do?
For some reason, last version gave 24H per thread, now seems to be doing 19H.

With simpleminer i get only 20H with all 8 threads, same CPU, but at 4800Mhz. Using Windows 7 64bit. Is Linux better, or should i try another pool or .exe?


Guy what miner and pool do you use, i get only 25-45H/s with 14 Threads ^^

How can you get 200-400H or moar?

[emontmon]

MoneroPool.org now uses the stratum protocol on port 7777.  All ports except port 5555 will be switched to the stratum protocol in 24 hours.

To connect, use this

Code:

minerd -a cryptonight -o stratum+tcp://mine.moneropool.org:7777 -u address -p x

More instructions here

Simpleminer is not compatible with the stratum protocol, so please switch to cpuminer if you can.

10% mining bonus for the next 20 blocks!

Thanks, perhaps I need to compile a new cpu multi miner from somewhere else? Compiled it just yesterday.
HTTP request failed: Protocol stratum+tcp not supported or disabled in libcurl

You have to compile it again, yesterday is too old.  

You are right haha, thanks!

For an i7-2600 on Linux 64bit, any special flags I should do?
For some reason, last version gave 24H per thread, now seems to be doing 19H.

With simpleminer i get only 20H with all 8 threads, same CPU, but at 4800Mhz. Using Windows 7 64bit. Is Linux better, or should i try another pool or .exe?


Guy what miner and pool do you use, i get only 25-45H/s with 14 Threads ^^

How can you get 200-400H or moar?

try to download the 64 bit binaries in first post. on my i7 960 bloomfield i get about 85 on all 8. on six cores i get 77,.

[cisahasa]

MoneroPool.org now uses the stratum protocol on port 7777.  All ports except port 5555 will be switched to the stratum protocol in 24 hours.

To connect, use this

Code:

minerd -a cryptonight -o stratum+tcp://mine.moneropool.org:7777 -u address -p x

More instructions here

Simpleminer is not compatible with the stratum protocol, so please switch to cpuminer if you can.

10% mining bonus for the next 20 blocks!

Thanks, perhaps I need to compile a new cpu multi miner from somewhere else? Compiled it just yesterday.
HTTP request failed: Protocol stratum+tcp not supported or disabled in libcurl

You have to compile it again, yesterday is too old.  

You are right haha, thanks!

For an i7-2600 on Linux 64bit, any special flags I should do?
For some reason, last version gave 24H per thread, now seems to be doing 19H.

With simpleminer i get only 20H with all 8 threads, same CPU, but at 4800Mhz. Using Windows 7 64bit. Is Linux better, or should i try another pool or .exe?


Guy what miner and pool do you use, i get only 25-45H/s with 14 Threads ^^

How can you get 200-400H or moar?

i got 20 vps servers running mine at 450-600h/s

[sorryforthat]

i got 20 vps servers running mine at 450-600h/s

Sounds expensive

[cisahasa]

i got 20 vps servers running mine at 450-600h/s

Sounds expensive

all free

[blaaaaacksuit]

Whats up with extremehash?

[sorryforthat]

i got 20 vps servers running mine at 450-600h/s

Sounds expensive

all free

say whatttttt, good on you man. I am a man who can appreciate free. I have about 800h/s costing me about 100 USD a month. In the end it will pay for itself.

[blaaaaacksuit]

i got 20 vps servers running mine at 450-600h/s

Sounds expensive

all free

say whatttttt, good on you man. I am a man who can appreciate free. I have about 800h/s costing me about 100 USD a month. In the end it will pay for itself.

Where are you renting from?

[smooth]

i got 20 vps servers running mine at 450-600h/s

Sounds expensive

all free

say whatttttt, good on you man. I am a man who can appreciate free. I have about 800h/s costing me about 100 USD a month. In the end it will pay for itself.

Effectively using promotions is very important in the mining game although some of the people using a lot of free VPSs are doing it fraudulently (comment not directed at anyone in particular because I don't know), which isn't really any different from botnets.

[Slipknot79]

MoneroPool.org now uses the stratum protocol on port 7777.  All ports except port 5555 will be switched to the stratum protocol in 24 hours.

To connect, use this

Code:

minerd -a cryptonight -o stratum+tcp://mine.moneropool.org:7777 -u address -p x

More instructions here

Simpleminer is not compatible with the stratum protocol, so please switch to cpuminer if you can.

10% mining bonus for the next 20 blocks!

Thanks, perhaps I need to compile a new cpu multi miner from somewhere else? Compiled it just yesterday.
HTTP request failed: Protocol stratum+tcp not supported or disabled in libcurl

You have to compile it again, yesterday is too old.  

You are right haha, thanks!

For an i7-2600 on Linux 64bit, any special flags I should do?
For some reason, last version gave 24H per thread, now seems to be doing 19H.

With simpleminer i get only 20H with all 8 threads, same CPU, but at 4800Mhz. Using Windows 7 64bit. Is Linux better, or should i try another pool or .exe?


Guy what miner and pool do you use, i get only 25-45H/s with 14 Threads ^^

How can you get 200-400H or moar?

try to download the 64 bit binaries in first post. on my i7 960 bloomfield i get about 85 on all 8. on six cores i get 77,.

Yea dat helped yo, thx. E high 5. Its been an old file of simpleminer. Now it works with the new one from first post.

Getting about 180H/s with 14 threads.

[33zer0w0lf]

mro.extremepool.org

Cpuminer-multi

Code:

minerd -a cryptonight -o stratum+tcp://qcn.extremepool.org:5555 -u ADDRESS -p x -t threads

[eizh]

for 500 dollars what would smooth david or ezih buy  (other than investing, as investing is beyond most normal human beings, let alon investing in cryptocurrencies.)

for 1000 dollars what would they buy. things like this. trust is hard to come buy especially when we use handles. but trust can be percieved through conversation, and the above mentioned and others have earned it from me.

thanks.

I actually consider investing more accessible than mining, particularly for those looking to make significant profit (see below). Building a computer from parts is beyond what most people are comfortable with. The ordinary person should simply devote some cores (~50%) on their regular desktop to essentially mine for free and support the network. This is probably the vision Satoshi had in mind for Bitcoin.

When it comes to 'serious' mining, the calculations are complicated. For the same capital input, you're almost always better off investing in a currency than investing in hardware if that currency is set to go up. Having a mining rig is a hedge. It's basically risk mitigation through diversification -- if the particular currency fails, you can move on to another one (or sell the hardware, which has a disconnected price).

The standard risk-reward correlation is pretty much inescapable. Hence for the same costs, mining (lower risk) carries lower reward compared to investing. There's also risky mining, e.g. buying a bunch of VPS instances, but this carries correspondingly higher reward if things work out.

So recommendations for hardware can't really be based on Monero, because it necessarily involves the broader CPU coin market. It's also constantly changing based on altcoin liquidity and the price of BTC. Add on top of that the risk of this becoming a GPU (or ASIC) coin. All these complications make it easier for the ordinary person to just get a coinbase.com account and invest.

[strangewildthing]

https://i.imgur.com/quHyGrR.jpg

Stratum Mine NOW!

Code:

minerd -a cryptonight -o stratum+tcp://mro.extremehash.com:9999 -u address -p x

Download the Stratum Miner
https://github.com/LucasJones/cpuminer-multi/releases

If you are currently mining using the older miner, please switch to stratum mining for max profits!

[smooth]

So recommendations for hardware can't really be based on Monero, because it necessarily involves the broader CPU coin market. It's also constantly changing based on altcoin liquidity and the price of BTC. Add on top of that the risk of this becoming a GPU (or ASIC) coin.

These risks aren't really that great because you can always resell the hardware. You're not buying something specialized that will lose value if MRO or even cpu coins in general stop using it. In fact there might be an argument for buying used in the first place, to minimize depreciation (not always true though, especially with good use of promotions on new gear).

I do agree that just buying is often a good substitute for mining, especially if you don't have the experience with and aptitude for dealing with hardware on a shoestring budget. That itself is a specialized skill (different from conventional IT for example)

[smooth]

extremehash.com

Already close to 20% of the network I think.

Recommend people to avoid joining this one if not there already and soio mine or use other pools.