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Author Topic: [ANN]CureCoin - CURECOIN TEAM HAS TAKEN RANK 1 ON FOLDING@HOME!!!  (Read 668213 times)
cameronpalte
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May 14, 2014, 03:31:40 PM
 #781

Yes the amds(2x r9 270) are working fine at 65k ppd and 70k ppd. I have paused and started the folding on gtx770 and now the gpu usage seems to be ok at start(only jumping from 91-99%) but after a few minutes it starts to fluctuate from 51-99% again. The Estimated PPD is also miserably low at 5327 :S.

abaout stats: I am listed at F@H Team and Extreme Overclockers Folding stats. I have 5 total WUs ...is that ok for 2x r9 270 folding for 20hours?

Thanks for help.

Well number of WUs does not mean much since each WU can vary greatly in how many points it is worth. The number we are interested in here is points earned.

For the card, again, I guess I can't help you, but keep in mind the estimated PPD takes about 30 minutes or so to calculate the proper number after you start your work unit. It probably won't end up being that low, but even still, whatever it is, if you're only getting an average of 75% usage on your card, then it could definitely be higher.

How can we calculate solidly what coins we should be making - from total # points?  How can we go back and account for each coin to make sure this is being done correctly?

On the day you received your coin.

How Many Points You Received / Total Number of Points for that Day
That * 7488

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May 14, 2014, 03:38:59 PM
 #782

I'd be willing to pledge .05btc or 5 curecoin (your choice) towards the development of a mac osx wallet. if anyone else wants to join the cause, pls just reply.
Nice! but I can't in way.   Cool
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May 14, 2014, 03:42:46 PM
 #783

Just a quick note to say I'm so glad this project launched!  Also the guides were very well done!  I had no issues getting 15 R9 290X TRI-X's folding away and I even put an old GTX 590 into use for folding as well.  I've never done any folding before so I'm curious to see how they will all do.  I can see one of the machines is lagging behind the others (after about 12 hours) even though hardware wise they are identical.  I'll probably rebuild it over the weekend just to see if it makes a difference before I start calling out for help from the big guns.   Grin

The bottom line for me is that I'm quite happy to put my hardware to work doing something meaningful.  Mining coins actually drove me crazy because although I understand it secured the block chain, it was also incredibly wasteful.  Now I feel like I'm contributing to something worthwhile.  I just didn't get that feeling when I "mined" coins.

So once again congrats on the launch!  I hope I'll be climbing the folding ranks soon and I hope the coin rapidly gains popularity.  Given a choice between using your processing power for scientific research or just "hashing" for coins the choice should be obvious if people know about it.

Time will tell.


cameronpalte
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May 14, 2014, 03:45:07 PM
 #784

Newbie question:

What is the current fair price to obtain 1 cure coin? I am not asking the potential price just the current fair market value based on cost of production..

Thank you!

The fair market value is highly variable because of how much potential a coin like this has - mining is obviously more profitable in the beginning too.


However, with that said, we are at around 120,000,000 PPD though going up ~50% / day


A single Nvidia 780 ti (one of the most efficient cards) can generate 200k PPD and the system cost is probably $1200 at least and uses 350 watts for your whole system let's assume total 385 watts if you have a 90% PSU.


200,000 / 120,000,000 * 7488 =
12.5 coins per day


Personally, my electricity is $0.36 / kWh, but I'm going to assume your electricity is $0.16 / kWh because most people's electricity isn't as expensive as mine.

385 * 24 = 9.24 kWh / day ($0.16 / kWh) =
$1.48 / day in electricity

Plus let's assume you want to pay back your system over 1.5 years which  I think is quite fair.
That means you need to be making another $2.20 / day

Therefore, your total raw daily cost is: $3.68/day
At 12.5 curecoins
And $450 / BTC

That gets you $0.30 / curecoin or 0.00067 BTC / curecoin roughly 20% of what they are currently selling for.


However, many factors effect this - the coin has  a lot of potential and futuristic value. More so the value in cost is going up by around $0.40 / day. More so with the risk of more expensive electricity, other costs, and for real productivity a desire to pay off rigs sooner, I would put a fair value price of $1.00 not counting future potential as you ask. However, cryptocurrencies can often be looked as to similar to stocks in some senses and future potential is a big factor for both of them.

At the current rate, in 5 days they'll be $3, in 50 they'll be $27 - and so on. They probably won't rise that fast but future potential is a big factor 2 days ago we were mining at 1/10 the rate we are mining and as we work on some of the initial problems, more miners are joining, some with dedicated farms with curecoins. There is also the thing that once scrypt asic miners become more common many GPU rigs will switch over to coins such as this.

Therefore, I would put an overall fair value of $5/curecoin at this point in time - and personally have already bought what I could for this price.



Hope this helped with your investing and decisions,
Cameron

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cameronpalte
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May 14, 2014, 03:46:27 PM
 #785

Just a quick note to say I'm so glad this project launched!  Also the guides were very well done!  I had no issues getting 15 R9 290X TRI-X's folding away and I even put an old GTX 590 into use for folding as well.  I've never done any folding before so I'm curious to see how they will all do.  I can see one of the machines is lagging behind the others (after about 12 hours) even though hardware wise they are identical.  I'll probably rebuild it over the weekend just to see if it makes a difference before I start calling out for help from the big guns.   Grin

The bottom line for me is that I'm quite happy to put my hardware to work doing something meaningful.  Mining coins actually drove me crazy because although I understand it secured the block chain, it was also incredibly wasteful.  Now I feel like I'm contributing to something worthwhile.  I just didn't get that feeling when I "mined" coins.

So once again congrats on the launch!  I hope I'll be climbing the folding ranks soon and I hope the coin rapidly gains popularity.  Given a choice between using your processing power for scientific research or just "hashing" for coins the choice should be obvious if people know about it.

Time will tell.





Thank you for joining us. Look forward to having you on the team, let me know if you have any questions.

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May 14, 2014, 03:59:56 PM
 #786

Feeling like the birth of treatment of the coin, I feel fear, fear, anxiety......

TheSmurfsCoin:TtNLMGKytNcCYZNssLZZYeAVqYS9HRQyhF
ChasingTheDream
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May 14, 2014, 04:07:42 PM
 #787

Feeling like the birth of treatment of the coin, I feel fear, fear, anxiety......

I feel excitement.  Think of all the processing power that will now be doing folding that would have never even considered it before!
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May 14, 2014, 04:24:03 PM
 #788

How can we get some accounting / visibility into how these payouts are calculated.  Why does everyone have such different results?  

Well you can always check manually, but it's a bit of a process atm. I'm pretty sure the devs are working on making everything more real-time but you'll have to ask them about that. Right now you would have to keep a record of your total points earned according to the F@H site, then find the difference of your total points 24 hours later, that will give you your points earned on any given day. Problem is I'm not sure what time of day the cryptobullionpools scrapes this info from the F@H site. Anywhoo, once you've done that, you can look at the daily stats on cryptobullionpools and find the total points for the day (69910158 as of last update). Then it's just a matter of doing the calculation (My Points) / (Total Team Points) * 7488 = (Amount of Coins I Will Receive)

In my case on the 12th I had 120k points and the total team points were 37880030 so I should have earned 120k / 37880k * 7488 = ~24 coins....which I did actually receive.
Yesterday I had 105k points and total team points were 69910k so I should have earned 105k / 69910k * 7488 = ~11 coins. I did actually receive that amount, so I know everything is on the up and up in my case.

Interesting, i might upgrade my CAT drivers to 14.4 tonight. Has anyone else noticed an increase with 14.4?

Yes mafia I went from 70k and 60k ppd on each card to 90k and 80k after going from 13.12 to 14.4.

Cool, thanks for the info.
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May 14, 2014, 04:39:11 PM
 #789

Quote
The fair market value is highly variable because of how much potential a coin like this has - mining is obviously more profitable in the beginning too.


However, with that said, we are at around 120,000,000 PPD though going up ~50% / day


A single Nvidia 780 ti (one of the most efficient cards) can generate 200k PPD and the system cost is probably $1200 at least and uses 350 watts for your whole system let's assume total 385 watts if you have a 90% PSU.


200,000 / 120,000,000 * 7488 =
12.5 coins per day


Personally, my electricity is $0.36 / kWh, but I'm going to assume your electricity is $0.16 / kWh because most people's electricity isn't as expensive as mine.

385 * 24 = 9.24 kWh / day ($0.16 / kWh) =
$1.48 / day in electricity

Plus let's assume you want to pay back your system over 1.5 years which  I think is quite fair.
That means you need to be making another $2.20 / day

Therefore, your total raw daily cost is: $3.68/day
At 12.5 curecoins
And $450 / BTC

That gets you $0.30 / curecoin or 0.00067 BTC / curecoin roughly 20% of what they are currently selling for.


However, many factors effect this - the coin has  a lot of potential and futuristic value. More so the value in cost is going up by around $0.40 / day. More so with the risk of more expensive electricity, other costs, and for real productivity a desire to pay off rigs sooner, I would put a fair value price of $1.00 not counting future potential as you ask. However, cryptocurrencies can often be looked as to similar to stocks in some senses and future potential is a big factor for both of them.

At the current rate, in 5 days they'll be $3, in 50 they'll be $27 - and so on. They probably won't rise that fast but future potential is a big factor 2 days ago we were mining at 1/10 the rate we are mining and as we work on some of the initial problems, more miners are joining, some with dedicated farms with curecoins. There is also the thing that once scrypt asic miners become more common many GPU rigs will switch over to coins such as this.

Therefore, I would put an overall fair value of $5/curecoin at this point in time - and personally have already bought what I could for this price.



Hope this helped with your investing and decisions,
Cameron

Thank you very much for a detailed explanation!
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May 14, 2014, 04:44:05 PM
 #790

Those cryptobullionpools cash-outs sure take their sweet time. How long does it usually take?
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May 14, 2014, 04:53:27 PM
 #791

Feeling like the birth of treatment of the coin, I feel fear, fear, anxiety......

I feel excitement.  Think of all the processing power that will now be doing folding that would have never even considered it before!

I always felt dirty whenever I redirected folding hardware to mining. No I get to feel clean!

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May 14, 2014, 04:57:45 PM
 #792

Those cryptobullionpools cash-outs sure take their sweet time. How long does it usually take?
payouts/cash-outs on pool also are processed once per day...

email correspondance pool:
Quote
yes, changing the one minute notice is on the to do list. payments actually run once every 24 hours, you should be getting you coins soon Smiley
Thanks for folding with us!
CygnusXI
(also can verify that I indeed got my coins)

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May 14, 2014, 05:00:10 PM
 #793

Those cryptobullionpools cash-outs sure take their sweet time. How long does it usually take?
payouts on pool also are processed once per day... (one of things on to do list tough)
Alright, thanks, now I know.
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May 14, 2014, 05:02:43 PM
 #794

Those cryptobullionpools cash-outs sure take their sweet time. How long does it usually take?

Seems to happen once per day at 18:00 UTC...so an hour from now.

Also the devs are working on making this happen more often/faster.
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May 14, 2014, 05:11:40 PM
 #795

Feeling like the birth of treatment of the coin, I feel fear, fear, anxiety......

I feel excitement.  Think of all the processing power that will now be doing folding that would have never even considered it before!

I always felt dirty whenever I redirected folding hardware to mining. No I get to feel clean!

LOL  Yeah.  I actually never had folding hardware to begin with but when I built the machines I used to mine I built them a bit more robust than a typical miner simply because before I even mined a single crypto coin I knew I would switch to this coin as soon as it was available.  Yes I've only been doing crypto for about 5 months.   Cheesy  I believe concepts like CureCoin are the future of crypto but time will tell if that is correct.

I really get the feeling that this could be huge though.  I'm not even talking about the coin but that would be nice as well.  I just keep thinking of the processing power doubling or tripling or who knows what multiple working to cure diseases.  It would be nice to hear of a cure for the various diseases and know my hardware had a small part in making it happen.  I don't mind burning energy for a good cause and if I make some money along the way that is even better.
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May 14, 2014, 05:54:34 PM
 #796

Nice work on getting this released!
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May 14, 2014, 06:02:14 PM
 #797

Where can I send my BTC and CURE to build ASIC folding?
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May 14, 2014, 06:30:48 PM
 #798

Where can I send my BTC and CURE to build ASIC folding?
asic = application specific integrated circuit. In terms of mining, it means that it was specificly build to tackle sha256 or scrypt algorithms. Just like the sha256 asic doesnt work on scrypt....(unless you have something like gridseed that was specificly build for both....) but either one will not work on folding....So you if ud want a folding asic my guess would be, butterfly labs or company like that?

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May 14, 2014, 06:32:57 PM
 #799

Sorry deleted
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May 14, 2014, 06:37:10 PM
 #800

i'v been folding years ago, even after i heard of bitcoin. told to my friend years ago that bitcoin looks to me like a stilly waste of electricity and F@H (and alike) is much more important.
of course i feel stupid about that now because i could maybe fix my (and everyone i know) financial problems Tongue

too bad can't fold with ATI on Linux and i don't have money for windows now

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