Newsflash: Monero/XMR GPU mining gets 3x+ times more profit than Scrypt&X11!

[statdude]

Monero Mining Configurations:
https://docs.google.com/spreadsheets/d/1MI-ic0Os25hgGUImW54sUIjZY_pUNQNa_W8Se5pRGBs/edit?pli=1#gid=1726706747


MINING CALCULATOR:
https://docs.google.com/spreadsheets/d/14FC2ZzfDQ5Nz2YgjaNE_BcFVKSEMLLXOWUL9zf_Zw9A/edit?pli=1#gid=109561233


LTC GPU Mining Profit Chart:

https://docs.google.com/spreadsheet/ccc?key=0AlhSF602y9DSdHRneWVZcjJLWmhjaVBMTHVCR3l4eHc&usp=sharing#gid=0

Current miners here:
https://bitcointalk.org/index.php?topic=583449.0

Stable GUI here:

https://bitcointalk.org/index.php?topic=589561.msg7643806#msg7643806

Monero Client v0.29.0
https://github.com/Jojatekok/monero-client/releases/tag/v0.29.0

This version makes the users unable to start multiple instances of the software. Some unrequired calls and functions have also been removed, thus, resulting in performance improvement (just try out QR code generation ). The crash logger doesn't log messages on shutdown anymore. Notice that this release didn't get a "Pre-release" tag on GitHub, which means that it can - and should - be safely used.

Mining comparison:

http://whatmine.com/?search=1&hashRates%5B12%5D=187.5&hashRates%5B13%5D=0&hashRates%5B14%5D=3000&hashRates%5B17%5D=1.17&algoAdapter=on&hashRates%5B1%5D=0&hashRates%5B2%5D=750&hashRates%5B3%5D=435&hashRates%5B4%5D=375&hashRates%5B6%5D=3.52&hashRates%5B15%5D=4.91&hashRates%5B18%5D=355&hashRates%5B19%5D=2.34&hashRates%5B20%5D=3.52&power_consumption=250&power_cost=0.082&oreDiff=86400&volumeType=exchange&volumeMin_BTC=50&exchangers%5B%5D=14&exchangers%5B%5D=11&exchangers%5B%5D=12&exchangers%5B%5D=4&exchangers%5B%5D=13&exchangers%5B%5D=2&exchangers%5B%5D=1&exchangers%5B%5D=9&exchangers%5B%5D=8&exchangers%5B%5D=10&orderBy=0

An AMD Radeon R9 280X gets about 355 CryptoNight hash.

It gets 750 Scrypt. Am I missing something from the below #'s? Why isn't everyone mining Monero?

Plugged into WhatMine:

Monero (XMR)
CryptoNight @ 350 H/s
Reward: 15.84 | Block: *111'582*
Net Hashrate: *13.11 Mh/s*
Born In: *2014 Apr 18*"

"USD day
profit per day"
*1.35 USD*
*(0.86 USD)*"

PROFITABILITY
176%

"Vertcoin (VTC)
Scry.N-Fact @ 365 Kh/s
Reward: 50.01 | Block: *114'714*
Net Hashrate: *5.23 Gh/s*
Born In: *2014 Jan 10*"

"*0.97 USD*
*(0.48 USD)*"

PROFITABILITY
98%

"CryptCoin (CRYPT)
X11 @ 3.42 Mh/s
Reward: 31.25 | Block: *56'544*
Net Hashrate: *50.3 Gh/s*
Born In: *2014 May 21*"

"*0.49 USD*
*(-0.00 USD)*"

PROFITABILITY
0%


"Dogecoin (DOGE)
Scrypt @ 730 Kh/s
Reward: 125'007.87 | Block: *283'950*
Net Hashrate: *63.31 Gh/s*
Born In: *2013 Dec 06*"

"*0.43 USD*
*(-0.07 USD)*"

PROFITABILITY
0%

"Litecoin (LTC)
Scrypt @ 730 Kh/s
Reward: 50.01 | Block: *596'748*
Net Hashrate: *562.91 Gh/s*
Born In: *2011 Oct 07*"

"*0.42 USD*
*(-0.08 USD)*"

PROFITABILITY
0%

"RazorCoin (RZR)
Scrypt @ 730 Kh/s
Reward: 25.00 | Block: *22'418*
Net Hashrate: *28.13 Gh/s*
Born In: *2014 Jun 14*"

"*0.41 USD*
*(-0.08 USD)*"

PROFITABILITY
0%

"Darkcoin (DRK)
X11 @ 3.42 Mh/s
Reward: 5.00 | Block: *95'511*
Net Hashrate: *138.4 Gh/s*
Born In: *2014 Jan 19*"

"*0.46 USD*
*(-0.03 USD)*"

PROFITABILITY
0%

[superresistant]

Good post.

Some people complain that Monero is much less profitable than few weeks ago but it's still way more profitable than 99% of other cryptos.

Do your calculation take energy into count ?

I think that energy efficiency play the most important part because an efficient system will be able to mine when other will shut down their RIG.



-----------
small ad :
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-----------

[statdude]

It does.
I also confirmed it with my own calculations.

The difference between coin rev and profit is just energy cost at $0.10

So, the question remains, why isn't difficulty going up quicker??

[superresistant]

It does.
I also confirmed it with my own calculations.
The difference between coin rev and profit is just energy cost at $0.10
So, the question remains, why isn't difficulty going up quicker??

The are many reasons :

- XMR is not known yet

- Most miners are not good at making calculations

- Most miners find it hard to setup and automate the software part

[dragonmike]

There is no Linux-ready GPU miner for Cryptonight. That's why its distribution is quite limited.

[jcarl987]

Been wondering this myself but I'm certainly not complaining. Enjoy the profitability while you can because once the unwashed masses get on board it will end up in shitty equilibrium with the rest of the algos.

[Vizierx]

It does.
I also confirmed it with my own calculations.
The difference between coin rev and profit is just energy cost at $0.10
So, the question remains, why isn't difficulty going up quicker??

The are many reasons :

- XMR is not known yet

- Most miners are not good at making calculations

- Most miners find it hard to setup and automate the software part

You are right bro, but calculator is not show always the truth, orphans, stale shares, pool shave, gpu miner in beta(some times you did not got all the speed) - etc make my profit about 30-40% less then in cals 

[superresistant]

It does.
I also confirmed it with my own calculations.
The difference between coin rev and profit is just energy cost at $0.10
So, the question remains, why isn't difficulty going up quicker??

The are many reasons :
- XMR is not known yet
- Most miners are not good at making calculations
- Most miners find it hard to setup and automate the software part

You are right bro, but calculator is not show always the truth, orphans, stale shares, pool shave, gpu miner in beta(some times you did not got all the speed) - etc make my profit about 30-40% less then in cals  

The speed on the miner software is absolutely not the real hashrate.
Especially the Claymore GPU miner that split the hashrate in two addresses (one for you, one for him) and greatly increase connection errors and instability with the pool.
It only matter what the pool get from the miner.

[Dogeshop_eu]

No linux mining that's all

[superresistant]

No linux mining that's all

You can mine with Linux from the start with CPU.
CPU is more energy efficient than GPU.

[Bombadil]

No linux mining that's all

You can mine with Linux from the start with CPU.
CPU is more energy efficient than GPU.

You guys never tried ccminer (mod by tsiv) & 750TIs

[djm34]

failed... forgot to compare to btc mining with a GPU...   

[superresistant]

No linux mining that's all

You can mine with Linux from the start with CPU.
CPU is more energy efficient than GPU.

You guys never tried ccminer (mod by tsiv) & 750TIs

I am not sure 750Ti beat efficient CPU. I don't think so.

[statdude]

Monero Mining Calculator Posted:

https://docs.google.com/spreadsheets/d/14FC2ZzfDQ5Nz2YgjaNE_BcFVKSEMLLXOWUL9zf_Zw9A/edit?pli=1#gid=109561233

[Taxidermista]

Monero Mining Configurations:
https://docs.google.com/spreadsheets/d/1MI-ic0Os25hgGUImW54sUIjZY_pUNQNa_W8Se5pRGBs/edit?pli=1#gid=1726706747


LTC GPU Mining Profit Chart:
https://docs.google.com/spreadsheet/ccc?key=0AlhSF602y9DSdHRneWVZcjJLWmhjaVBMTHVCR3l4eHc&usp=sharing#gid=0

Mining comparison:

http://whatmine.com/?search=1&hashRates%5B12%5D=187.5&hashRates%5B13%5D=0&hashRates%5B14%5D=3000&hashRates%5B17%5D=1.17&algoAdapter=on&hashRates%5B1%5D=0&hashRates%5B2%5D=750&hashRates%5B3%5D=435&hashRates%5B4%5D=375&hashRates%5B6%5D=3.52&hashRates%5B15%5D=4.91&hashRates%5B18%5D=355&hashRates%5B19%5D=2.34&hashRates%5B20%5D=3.52&power_consumption=250&power_cost=0.082&oreDiff=86400&volumeType=exchange&volumeMin_BTC=50&exchangers%5B%5D=14&exchangers%5B%5D=11&exchangers%5B%5D=12&exchangers%5B%5D=4&exchangers%5B%5D=13&exchangers%5B%5D=2&exchangers%5B%5D=1&exchangers%5B%5D=9&exchangers%5B%5D=8&exchangers%5B%5D=10&orderBy=0

An AMD Radeon R9 280X gets about 355 CryptoNight hash.

It gets 750 Scrypt. Am I missing something from the below #'s? Why isn't everyone mining Monero?

Very good question, best option by far. Probably the rough wallet.

[statdude]

Monero Mining Configurations:
https://docs.google.com/spreadsheets/d/1MI-ic0Os25hgGUImW54sUIjZY_pUNQNa_W8Se5pRGBs/edit?pli=1#gid=1726706747


LTC GPU Mining Profit Chart:
https://docs.google.com/spreadsheet/ccc?key=0AlhSF602y9DSdHRneWVZcjJLWmhjaVBMTHVCR3l4eHc&usp=sharing#gid=0

Mining comparison:

http://whatmine.com/?search=1&hashRates%5B12%5D=187.5&hashRates%5B13%5D=0&hashRates%5B14%5D=3000&hashRates%5B17%5D=1.17&algoAdapter=on&hashRates%5B1%5D=0&hashRates%5B2%5D=750&hashRates%5B3%5D=435&hashRates%5B4%5D=375&hashRates%5B6%5D=3.52&hashRates%5B15%5D=4.91&hashRates%5B18%5D=355&hashRates%5B19%5D=2.34&hashRates%5B20%5D=3.52&power_consumption=250&power_cost=0.082&oreDiff=86400&volumeType=exchange&volumeMin_BTC=50&exchangers%5B%5D=14&exchangers%5B%5D=11&exchangers%5B%5D=12&exchangers%5B%5D=4&exchangers%5B%5D=13&exchangers%5B%5D=2&exchangers%5B%5D=1&exchangers%5B%5D=9&exchangers%5B%5D=8&exchangers%5B%5D=10&orderBy=0

An AMD Radeon R9 280X gets about 355 CryptoNight hash.

It gets 750 Scrypt. Am I missing something from the below #'s? Why isn't everyone mining Monero?

Very good question, best option by far. Probably the rough wallet.

Doesn't have to be. Stable GUI here:

https://bitcointalk.org/index.php?topic=589561.msg7643806#msg7643806

Monero Client v0.29.0
https://github.com/Jojatekok/monero-client/releases/tag/v0.29.0

This version makes the users unable to start multiple instances of the software. Some unrequired calls and functions have also been removed, thus, resulting in performance improvement (just try out QR code generation ). The crash logger doesn't log messages on shutdown anymore. Notice that this release didn't get a "Pre-release" tag on GitHub, which means that it can - and should - be safely used.

[RentaMouse]

My rough calculations came out with Monero mining being 3x more profitable than other algos too, so why arent we being flooded with new miners (not that we really want to be)? I can understand that the big GPU farmers running Linux are unlikely to change but there must be a lot of smaller miners out there. Personally I dont think the complexity of Cryptonote is a barrier to entry now, there is enough info available that anyone who can work out an sgminer config should be able to get mining Having said that I keep threatening to produce an idiot's guide to mining XMR, but then Zone117x releases another pool code update that I have to then integrate with my pool code so its forever postponed.

More than likely I think its just that Monero is still a bit of a secret, you don't see CryptNote profitability showing up on any of the usual comparison sites etc. How did you find out about it? I started off with Bytecoin because profitable CPU mining caught my eye, I have a lot more CPUs than GPUs available to mine with unlike most people.

Wait and see what happens if CryptoNote gets added to NiceHash and their auto algo switching miner.

[statdude]

My rough calculations came out with Monero mining being 3x more profitable than other algos too, so why arent we being flooded with new miners (not that we really want to be)? I can understand that the big GPU farmers running Linux are unlikely to change but there must be a lot of smaller miners out there. Personally I dont think the complexity of Cryptonote is a barrier to entry now, there is enough info available that anyone who can work out an sgminer config should be able to get mining Having said that I keep threatening to produce an idiot's guide to mining XMR, but then Zone117x releases another pool code update that I have to then integrate with my pool code so its forever postponed.

More than likely I think its just that Monero is still a bit of a secret, you don't see CryptNote profitability showing up on any of the usual comparison sites etc. How did you find out about it? I started off with Bytecoin because profitable CPU mining caught my eye, I have a lot more CPUs than GPUs available to mine with unlike most people.

Wait and see what happens if CryptoNote gets added to NiceHash and their auto algo switching miner.

Hmm,

Good post. However, I can't figure how to actually compile/use the Nvidia miner from TSIV - maybe GPU mining still too complex for most miners?

https://bitcointalk.org/index.php?topic=656841.msg7487737#msg7487737

Anywhere a How-To posted?

[statdude]

Record ATH:

Current difficulty   973,132,197
Estimated hash rate (H/sec)   16,218,869.95

[grendel25]

My rough calculations came out with Monero mining being 3x more profitable than other algos too, so why arent we being flooded with new miners (not that we really want to be)? I can understand that the big GPU farmers running Linux are unlikely to change but there must be a lot of smaller miners out there. Personally I dont think the complexity of Cryptonote is a barrier to entry now, there is enough info available that anyone who can work out an sgminer config should be able to get mining Having said that I keep threatening to produce an idiot's guide to mining XMR, but then Zone117x releases another pool code update that I have to then integrate with my pool code so its forever postponed.

More than likely I think its just that Monero is still a bit of a secret, you don't see CryptNote profitability showing up on any of the usual comparison sites etc. How did you find out about it? I started off with Bytecoin because profitable CPU mining caught my eye, I have a lot more CPUs than GPUs available to mine with unlike most people.

Wait and see what happens if CryptoNote gets added to NiceHash and their auto algo switching miner.

In my opinion, the reason we don't see as much about XMR, XPM, or other interesting currencies is that people are jaded right now at the obvious affect of mass mining coins and instantaneous conversion to BTC.  That affect of course being rapid diminishment of once profitable coins resulting in an emotional hangover.

What needs to happen is more apps that enable usage of the coins we mine.  The miners here do their part to expand the ledger account and further develop coin networks but so often the end result has been instantaneous conversion to BTC.  Now, if we have an app that is an all-in-one wallet for all the coins we mine I think people would hold on to other coins longer and exchange them possible even for things other than BTC.  This app got me thinking about it even though this app is far from what is actually needed: https://play.google.com/store/apps/details?id=com.pocketcrypto.pocketcrypto

But, it's a hint at what's to come.  take the idea of adding your coins into a centrally managed host such as an app and it's easy to see how this must happen for crypto currency to advance and take it's rightful place as a means for currency.

I wouldn't be surprised to see a resurgence in coins that many folks now see as dead.