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Author Topic: [ANN][SHC] ShinyCoin █First ever RAMHOG algo Pow/Pos █NO ASIC/GPU | Whitepaper  (Read 58376 times)
baigreen
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June 27, 2014, 11:46:20 PM
 #341

Set up shinycoind and now waiting for it to sync.


Still block 992. Too fucking slow...

EDIT: stopped it. If anyone has info about a problem, please share.


sync is slow... maybe cost 1 hour~~
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becker
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June 27, 2014, 11:46:55 PM
 #342

This thing will lock up your computer even if gen is set to 0. WTF. Shittiest shit coin ever.
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June 28, 2014, 01:16:19 AM
Last edit: June 28, 2014, 01:46:46 AM by sandor111
 #343

I have a solution that will allow you to run multiple wallets (the more, the slower the overall syncing), while still using 15 GB RAM in total.
OR - run a wallet from machine that has LESS than 15 GB RAM, provided that you have access to a remote machine with >= 15GB RAM.
More info will follow soon.

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June 28, 2014, 07:16:00 AM
 #344

Cost in BTC to mine 1 SHC

I hereby go through the procedure of calculating the cost in BTC to mine 1 SHC.

For the example I will use the difficulty at block 2198 : 0.00003015

The example also assumes that 5 r3.2xlarge EC2 spot instances are used for mining, each one costing $0.0641/hr. It is assumed that each instance runs shinyminer with 3 ramhogthreads, producing a total of about 38hashes/min.

5 instances cost: 5 x $0.0641/hr = $0.3205/hr

5 instances produce a total hash rate: 5 x 38hashes/min = 190 hashes/min

Time to generate one valid block with 5 instances:

Number of hashes the instances should solve to generate 1 valid block: Difficulty x 2^32 = 0.00003015 x 4294967296 = 129493.2639744hashes/block

Time to generate 1 valid block on the 5 instances: 129493.2639744hashes/block / 190 hashes/min = 681.54min/block = 11.36hr/block

Cost per valid block: 11.36hr/block x $0.3205/hr = $3.64

Current reward per block is 400 SHC.

Cost per 1 SHC: $3.64 / 400SHC = 0,0091 $/SHC

Assuming the current USD/BTC exchange rate of 608, the cost of 1 SHC in BTC should be:

1 SHC = $0,0091 / 608 = 0.00001497 BTC ~ 1500 sat


PS1: Again corrections are welcome. Mining 1 SHC on physical boxes at home would probably cost less.

PS2: This should not be considered a price for trading the coin. It is the cost at miner level at the time of writing. 1 SHC will cost you more/less to buy depending on supply and demand. Wink


Nice estimation.
I'd like to buy 10,000 SHC at the price of 3000 sat. I will pay 0.3btc for 10,000 SHC.
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June 28, 2014, 07:23:11 AM
 #345

I hope this coin gets to one good exchange asap.
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June 28, 2014, 10:58:08 AM
 #346

Cost in BTC to mine 1 SHC

I hereby go through the procedure of calculating the cost in BTC to mine 1 SHC.

For the example I will use the difficulty at block 2198 : 0.00003015

The example also assumes that 5 r3.2xlarge EC2 spot instances are used for mining, each one costing $0.0641/hr. It is assumed that each instance runs shinyminer with 3 ramhogthreads, producing a total of about 38hashes/min.

5 instances cost: 5 x $0.0641/hr = $0.3205/hr

5 instances produce a total hash rate: 5 x 38hashes/min = 190 hashes/min

Time to generate one valid block with 5 instances:

Number of hashes the instances should solve to generate 1 valid block: Difficulty x 2^32 = 0.00003015 x 4294967296 = 129493.2639744hashes/block

Time to generate 1 valid block on the 5 instances: 129493.2639744hashes/block / 190 hashes/min = 681.54min/block = 11.36hr/block

Cost per valid block: 11.36hr/block x $0.3205/hr = $3.64

Current reward per block is 400 SHC.

Cost per 1 SHC: $3.64 / 400SHC = 0,0091 $/SHC

Assuming the current USD/BTC exchange rate of 608, the cost of 1 SHC in BTC should be:

1 SHC = $0,0091 / 608 = 0.00001497 BTC ~ 1500 sat


PS1: Again corrections are welcome. Mining 1 SHC on physical boxes at home would probably cost less.

PS2: This should not be considered a price for trading the coin. It is the cost at miner level at the time of writing. 1 SHC will cost you more/less to buy depending on supply and demand. Wink


Nice work. Good to have some kind of comparison.

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June 28, 2014, 04:42:21 PM
 #347

There is someone with crazy amount of hashing power mining at the pool : http://106.3.225.46/workers
This individual hashes at 140 H/s and rising, I'm going to have to increase the global difficulty so the pool can keep up.

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June 28, 2014, 04:50:13 PM
 #348

It's insane really, I have never seen such power.

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June 28, 2014, 04:50:48 PM
 #349

It's insane really, I have never seen such power.
250 amazon instances, no big deal..
sandor111
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June 28, 2014, 04:52:13 PM
 #350

It's insane really, I have never seen such power.
250 amazon instances, no big deal..

Oh ok, those are Amazon IPs indeed, is it you?

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June 28, 2014, 04:53:23 PM
 #351

It's insane really, I have never seen such power.
250 amazon instances, no big deal..

Oh ok, those are Amazon IPs indeed, is it you?

No only idiots mine with amazon Smiley I'd say around 500 instances, $30/h. Lets see how long he sticks for Smiley
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June 28, 2014, 04:58:48 PM
 #352

It's insane really, I have never seen such power.
250 amazon instances, no big deal..

Oh ok, those are Amazon IPs indeed, is it you?

No only idiots mine with amazon Smiley I'd say around 500 instances, $30/h. Lets see how long he sticks for Smiley

Aaand he left. Grin

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June 28, 2014, 05:16:44 PM
 #353

The problem is amazon has a limit on the number of spot instances. He has either raised those limits or has enough money to spend.



I know a few people with no limits on spot instances. Only restriction - available hardware Smiley
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June 28, 2014, 05:21:21 PM
 #354

can someone help me

i cant open the qt

error loading blkindex.dat

what can i do
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June 28, 2014, 05:22:19 PM
 #355

can someone help me

i cant open the qt

error loading blkindex.dat

what can i do

delete everything except wallet in you appdata folder and try again.
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June 28, 2014, 05:23:44 PM
 #356

can someone help me

i cant open the qt

error loading blkindex.dat

what can i do

delete everything except wallet in you appdata folder and try again.

That is not going to work mor..! Read the OP, you need to use the conf file from first post!
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June 28, 2014, 05:27:27 PM
 #357

ok thanks it works i had this before but i delete everything except the addnodes..that was the problem

but i dot get any connection in the wallet..it wont sync
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June 28, 2014, 06:04:14 PM
 #358

Difficulty 0.00004569

Amazon guy must be solomining Smiley
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June 28, 2014, 06:19:36 PM
 #359

I have a solution that will allow you to run multiple wallets (the more, the slower the overall syncing), while still using 15 GB RAM in total.
OR - run a wallet from machine that has LESS than 15 GB RAM, provided that you have access to a remote machine with >= 15GB RAM.
More info will follow soon.

Any progress about that?


What about SSD disk space as virtual ram for syncing ?
Skarfur
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June 28, 2014, 06:48:59 PM
 #360

I have a solution that will allow you to run multiple wallets (the more, the slower the overall syncing), while still using 15 GB RAM in total.
OR - run a wallet from machine that has LESS than 15 GB RAM, provided that you have access to a remote machine with >= 15GB RAM.
More info will follow soon.

Any progress about that?


What about SSD disk space as virtual ram for syncing ?

Sounds like a good idea, but the dev should comment on that to be sure.


Actually would be good to get any comment at all from the dev.
He hasn't posted for 5 days now.

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