[XMR] Monero Speculation

[GingerAle]

I'm selling custom built miners. Or I can build them and run them in my basement for a fee. Or you can just send me monero and I'll keep mining monero. Something with mining. I know of at least 2 individuals that have hardware that they have silent because their electricity costs are too high and/or they can't find a place to house their stuff.

and eventually I'll have this monerodo device done which I'll be selling for monero, obviously. Now I'm debating if I should have the software update via github pull / compile or just download "official" binaries. Thoughts? I could also just have it checkout some version... though I've found it a pain to un-checkout things, or go back to head or whatever.

oh yeah. I speculate bananas.

Just curious, what's the cost of the miners you are building, and how are they different from say, your average mining computer?

honestly all I would be doing is building a computer with as many GPUs as can fit on the board. The most PCI slots available on a mobo these days is 6 or 7. The trick to building these things is finding a case to put them in with proper airflow, but thats ultimately what you'd be paying me to do. And then making the mining software work and the pool software (so you could mine on your own node and get ALL OF THE BLOCK). Otherwise you could just throw one together yourself.

Don't quote me, but I think I could sell a 1.6 kh/s rig for $1200.

edited to add: which after 1 year (or whenever your done) you could then pull apart and sell the GPUs on ebay for probably 70%.

[1715147454]

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[1715147454]

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[iCEBREAKER]

I'm selling custom built miners. Or I can build them and run them in my basement for a fee. Or you can just send me monero and I'll keep mining monero. Something with mining. I know of at least 2 individuals that have hardware that they have silent because their electricity costs are too high and/or they can't find a place to house their stuff.

and eventually I'll have this monerodo device done which I'll be selling for monero, obviously. Now I'm debating if I should have the software update via github pull / compile or just download "official" binaries. Thoughts? I could also just have it checkout some version... though I've found it a pain to un-checkout things, or go back to head or whatever.

oh yeah. I speculate bananas.

Just curious, what's the cost of the miners you are building, and how are they different from say, your average mining computer?

honestly all I would be doing is building a computer with as many GPUs as can fit on the board. The most PCI slots available on a mobo these days is 6 or 7. The trick to building these things is finding a case to put them in with proper airflow, but thats ultimately what you'd be paying me to do. And then making the mining software work and the pool software (so you could mine on your own node and get ALL OF THE BLOCK). Otherwise you could just throw one together yourself.

Don't quote me, but I think I could sell a 1.6 kh/s rig for $1200.

edited to add: which after 1 year (or whenever your done) you could then pull apart and sell the GPUs on ebay for probably 70%.

Are GPUs more economical than a multicore Xeon (Phi or whatever) CPU?

[Hueristic]

I'm selling custom built miners. Or I can build them and run them in my basement for a fee. Or you can just send me monero and I'll keep mining monero. Something with mining. I know of at least 2 individuals that have hardware that they have silent because their electricity costs are too high and/or they can't find a place to house their stuff.

and eventually I'll have this monerodo device done which I'll be selling for monero, obviously. Now I'm debating if I should have the software update via github pull / compile or just download "official" binaries. Thoughts? I could also just have it checkout some version... though I've found it a pain to un-checkout things, or go back to head or whatever.

oh yeah. I speculate bananas.

Just curious, what's the cost of the miners you are building, and how are they different from say, your average mining computer?

honestly all I would be doing is building a computer with as many GPUs as can fit on the board. The most PCI slots available on a mobo these days is 6 or 7. The trick to building these things is finding a case to put them in with proper airflow, but thats ultimately what you'd be paying me to do. And then making the mining software work and the pool software (so you could mine on your own node and get ALL OF THE BLOCK). Otherwise you could just throw one together yourself.

Don't quote me, but I think I could sell a 1.6 kh/s rig for $1200.

edited to add: which after 1 year (or whenever your done) you could then pull apart and sell the GPUs on ebay for probably 70%.

I WILL QUOTE YOU!

And this is what I did, it has the added convenience of small footprint storage and/or shipping when disassembled. Great cooling and easy access to boot.

...

Are GPUs more economical than a multicore Xeon (Phi or whatever) CPU?

Funny that it may turn out that way with the new miner (I don't know) since I just sold my last gpu a week ago after a year of them being listed. Lol

[jwinterm]

I think GPUs are more economical because you can run six or seven on a single mobo with a single PSU, whereas CPUs are one maybe two per mobo and that mobo and CPU will be considerably more expensive than consumer grade hardware.

Also, I assume you're probably aware of this, gingeropolous, but a certain poofy equine is actually the proprietor of a company that sells cases specifically for this type of 'rig':
https://www.cryptocoinsnews.com/interview-fluffypony-open-rigs-owner-long-time-miner/

[smooth]

I'm selling custom built miners. Or I can build them and run them in my basement for a fee. Or you can just send me monero and I'll keep mining monero. Something with mining. I know of at least 2 individuals that have hardware that they have silent because their electricity costs are too high and/or they can't find a place to house their stuff.

and eventually I'll have this monerodo device done which I'll be selling for monero, obviously. Now I'm debating if I should have the software update via github pull / compile or just download "official" binaries. Thoughts? I could also just have it checkout some version... though I've found it a pain to un-checkout things, or go back to head or whatever.

oh yeah. I speculate bananas.

Just curious, what's the cost of the miners you are building, and how are they different from say, your average mining computer?

honestly all I would be doing is building a computer with as many GPUs as can fit on the board. The most PCI slots available on a mobo these days is 6 or 7. The trick to building these things is finding a case to put them in with proper airflow, but thats ultimately what you'd be paying me to do. And then making the mining software work and the pool software (so you could mine on your own node and get ALL OF THE BLOCK). Otherwise you could just throw one together yourself.

Don't quote me, but I think I could sell a 1.6 kh/s rig for $1200.

edited to add: which after 1 year (or whenever your done) you could then pull apart and sell the GPUs on ebay for probably 70%.

Are GPUs more economical than a multicore Xeon (Phi or whatever) CPU?

You'd need a very high end Xeon to get near 1.6 kh/s and those are thousands of dollars just for the processor. So GPUs are certainly more economical in terms of equipment cost. In terms of power it may be more of a horserace but I can't see spending the kind of money necessary to mine at scale with a CPU. The best approach is probably to mine with what you already have (may be CPUs and/or GPUs) and if you want to expand, go with GPUs.

Phi is more of a CPU-GPU hybrid and I haven't see anyone try to mine with those. It could be another sweet spot in theory, especially if you pick up some of the cheap previous-gen models that sometimes come on the market in large quantities (I guess supercomputers upgrading?) but hard to say without someone actually developing and optimized miner and trying it.

[phishead]

I'm selling custom built miners. Or I can build them and run them in my basement for a fee. Or you can just send me monero and I'll keep mining monero. Something with mining. I know of at least 2 individuals that have hardware that they have silent because their electricity costs are too high and/or they can't find a place to house their stuff.

and eventually I'll have this monerodo device done which I'll be selling for monero, obviously. Now I'm debating if I should have the software update via github pull / compile or just download "official" binaries. Thoughts? I could also just have it checkout some version... though I've found it a pain to un-checkout things, or go back to head or whatever.

oh yeah. I speculate bananas.

Just curious, what's the cost of the miners you are building, and how are they different from say, your average mining computer?

honestly all I would be doing is building a computer with as many GPUs as can fit on the board. The most PCI slots available on a mobo these days is 6 or 7. The trick to building these things is finding a case to put them in with proper airflow, but thats ultimately what you'd be paying me to do. And then making the mining software work and the pool software (so you could mine on your own node and get ALL OF THE BLOCK). Otherwise you could just throw one together yourself.

Don't quote me, but I think I could sell a 1.6 kh/s rig for $1200.

edited to add: which after 1 year (or whenever your done) you could then pull apart and sell the GPUs on ebay for probably 70%.

I get what your saying, but I'm still really technically incapable of understanding how a "rig" work...

Do you simply download the node on the same computer I'm using, and maybe connect the rig using usb or something which you set the rig to start mining?  Is being able to use Linux a necessary skill in order to start running rigs like these?

[smooth]

I'm selling custom built miners. Or I can build them and run them in my basement for a fee. Or you can just send me monero and I'll keep mining monero. Something with mining. I know of at least 2 individuals that have hardware that they have silent because their electricity costs are too high and/or they can't find a place to house their stuff.

and eventually I'll have this monerodo device done which I'll be selling for monero, obviously. Now I'm debating if I should have the software update via github pull / compile or just download "official" binaries. Thoughts? I could also just have it checkout some version... though I've found it a pain to un-checkout things, or go back to head or whatever.

oh yeah. I speculate bananas.

Just curious, what's the cost of the miners you are building, and how are they different from say, your average mining computer?

honestly all I would be doing is building a computer with as many GPUs as can fit on the board. The most PCI slots available on a mobo these days is 6 or 7. The trick to building these things is finding a case to put them in with proper airflow, but thats ultimately what you'd be paying me to do. And then making the mining software work and the pool software (so you could mine on your own node and get ALL OF THE BLOCK). Otherwise you could just throw one together yourself.

Don't quote me, but I think I could sell a 1.6 kh/s rig for $1200.

edited to add: which after 1 year (or whenever your done) you could then pull apart and sell the GPUs on ebay for probably 70%.

I get what your saying, but I'm still really technically incapable of understanding how a "rig" work...

Do you simply download the node on the same computer I'm using, and maybe connect the rig using usb or something which you set the rig to start mining?  Is being able to use Linux a necessary skill in order to start running rigs like these?

The sort of rig he's talking about is a computer. I imagine he would install Linux and the necessary node, miner, etc. for you but some skills might be necessary to deal with upgrades (unless you pay him or someone else to maintain it for you).

[phishead]

Ok... Sorry for all the questions, but figured I might as well ask them while we are on a roll.

Now, as for the problems bitcoin is having where the centralization is inevitably occurring with mining farms going on steroids and taking over a good majority of the hashing power... is this monero's fate too if XMR starts to become more mainstream and gains in popularity/price?  Or are you (smooth) still working on smart mining capabilities which balances this out a little bit?

[smooth]

Ok... Sorry for all the questions, but figured I might as well ask them while we are on a roll.

Now, as for the problems bitcoin is having where the centralization is inevitably occurring with mining farms going on steroids and taking over a good majority of the hashing power... is this monero's fate too if XMR starts to become more mainstream and gains in popularity/price?  Or are you (smooth) still working on smart mining capabilities which balances this out a little bit?

Nobody knows what the future holds. It is a decent bet that if we do everything exactly the same as Bitcoin we will have the same outcome (except always being 5 years behind in maturity and adoption which makes this a bad plan). Trying different things has a possibility to result in a different outcome.

But yes smartmining is still planned. GingerAle made an interesting observation on reddit, that a normal CPU is about the same percentage of Monero's hash rate as an AntMiner S7 is on Bitcoin. The difference, of course, is that you don't have to shell out 1250 USD for one, you just have to run a program.

[primer-]

904135   57 to go   804096240   c52cf1cd34742dd04df9d4b65d08a16c194ec005cc10dcecbe445c6cf9d32f9b   1/8/2016, 11:56:03 PM   99%
904134   56 to go   804638844   4347790f0898c1a1bc4acf08017ff85961c9315ea8e2f85130f5d33946da0009   1/8/2016, 11:55:38 PM   97%
904132   54 to go   806054613   e19c89ec8f2e54fad785b3fdda6318c016c7a8eba1e8e4548b5a2e3409305b1d   1/8/2016, 11:53:55 PM   99%
904131   53 to go   806025876   c60e6fa1b34d9e2c2111f32461e731017f2f4fce6c000595ce0d3f0f031685bc   1/8/2016, 11:53:32 PM   -53%

Almost 4 consecutive blocks in a row with less than 300kh/s, how is this even possible, probability is like 0.00051% ...

[smooth]

904135   57 to go   804096240   c52cf1cd34742dd04df9d4b65d08a16c194ec005cc10dcecbe445c6cf9d32f9b   1/8/2016, 11:56:03 PM   99%
904134   56 to go   804638844   4347790f0898c1a1bc4acf08017ff85961c9315ea8e2f85130f5d33946da0009   1/8/2016, 11:55:38 PM   97%
904132   54 to go   806054613   e19c89ec8f2e54fad785b3fdda6318c016c7a8eba1e8e4548b5a2e3409305b1d   1/8/2016, 11:53:55 PM   99%
904131   53 to go   806025876   c60e6fa1b34d9e2c2111f32461e731017f2f4fce6c000595ce0d3f0f031685bc   1/8/2016, 11:53:32 PM   -53%

Almost 4 consecutive blocks in a row with less than 300kh/s, how is this even possible, probability is like 0.00051% ...

I count 3 fast blocks not 4.

I'm not going to work out the combinatorics and probability, but it just isn't a big deal. Wait long enough and all sorts of "strange" patterns emerge.

[GingerAle]

I'm selling custom built miners. Or I can build them and run them in my basement for a fee. Or you can just send me monero and I'll keep mining monero. Something with mining. I know of at least 2 individuals that have hardware that they have silent because their electricity costs are too high and/or they can't find a place to house their stuff.

and eventually I'll have this monerodo device done which I'll be selling for monero, obviously. Now I'm debating if I should have the software update via github pull / compile or just download "official" binaries. Thoughts? I could also just have it checkout some version... though I've found it a pain to un-checkout things, or go back to head or whatever.

oh yeah. I speculate bananas.

Just curious, what's the cost of the miners you are building, and how are they different from say, your average mining computer?

honestly all I would be doing is building a computer with as many GPUs as can fit on the board. The most PCI slots available on a mobo these days is 6 or 7. The trick to building these things is finding a case to put them in with proper airflow, but thats ultimately what you'd be paying me to do. And then making the mining software work and the pool software (so you could mine on your own node and get ALL OF THE BLOCK). Otherwise you could just throw one together yourself.

Don't quote me, but I think I could sell a 1.6 kh/s rig for $1200.

edited to add: which after 1 year (or whenever your done) you could then pull apart and sell the GPUs on ebay for probably 70%.

I get what your saying, but I'm still really technically incapable of understanding how a "rig" work...

Do you simply download the node on the same computer I'm using, and maybe connect the rig using usb or something which you set the rig to start mining?  Is being able to use Linux a necessary skill in order to start running rigs like these?

To clarify, I would have to ship a fully built computer to you. U would then plug in power and an Ethernet cable (to connect it to your home router). And then watch the monero and electricity roll in.

I speculate

[nioc]

I speculate

Bananas!

You still have the "DLOAD WIN64 0.9 BETA" link in your signature.

[RAJSALLIN]

I'm selling custom built miners. Or I can build them and run them in my basement for a fee. Or you can just send me monero and I'll keep mining monero. Something with mining. I know of at least 2 individuals that have hardware that they have silent because their electricity costs are too high and/or they can't find a place to house their stuff.

and eventually I'll have this monerodo device done which I'll be selling for monero, obviously. Now I'm debating if I should have the software update via github pull / compile or just download "official" binaries. Thoughts? I could also just have it checkout some version... though I've found it a pain to un-checkout things, or go back to head or whatever.

oh yeah. I speculate bananas.

Just curious, what's the cost of the miners you are building, and how are they different from say, your average mining computer?

honestly all I would be doing is building a computer with as many GPUs as can fit on the board. The most PCI slots available on a mobo these days is 6 or 7. The trick to building these things is finding a case to put them in with proper airflow, but thats ultimately what you'd be paying me to do. And then making the mining software work and the pool software (so you could mine on your own node and get ALL OF THE BLOCK). Otherwise you could just throw one together yourself.

Don't quote me, but I think I could sell a 1.6 kh/s rig for $1200.

edited to add: which after 1 year (or whenever your done) you could then pull apart and sell the GPUs on ebay for probably 70%.

I get what your saying, but I'm still really technically incapable of understanding how a "rig" work...

Do you simply download the node on the same computer I'm using, and maybe connect the rig using usb or something which you set the rig to start mining?  Is being able to use Linux a necessary skill in order to start running rigs like these?

To clarify, I would have to ship a fully built computer to you. U would then plug in power and an Ethernet cable (to connect it to your home router). And then watch the monero and electricity roll in.

I speculate

Or you could just take those $1200 and buy Monero at this price and speculate on it being a better investment. It would certainly be easier.

[dEBRUYNE]

I'm selling custom built miners. Or I can build them and run them in my basement for a fee. Or you can just send me monero and I'll keep mining monero. Something with mining. I know of at least 2 individuals that have hardware that they have silent because their electricity costs are too high and/or they can't find a place to house their stuff.

and eventually I'll have this monerodo device done which I'll be selling for monero, obviously. Now I'm debating if I should have the software update via github pull / compile or just download "official" binaries. Thoughts? I could also just have it checkout some version... though I've found it a pain to un-checkout things, or go back to head or whatever.

oh yeah. I speculate bananas.

Just curious, what's the cost of the miners you are building, and how are they different from say, your average mining computer?

honestly all I would be doing is building a computer with as many GPUs as can fit on the board. The most PCI slots available on a mobo these days is 6 or 7. The trick to building these things is finding a case to put them in with proper airflow, but thats ultimately what you'd be paying me to do. And then making the mining software work and the pool software (so you could mine on your own node and get ALL OF THE BLOCK). Otherwise you could just throw one together yourself.

Don't quote me, but I think I could sell a 1.6 kh/s rig for $1200.

edited to add: which after 1 year (or whenever your done) you could then pull apart and sell the GPUs on ebay for probably 70%.

I get what your saying, but I'm still really technically incapable of understanding how a "rig" work...

Do you simply download the node on the same computer I'm using, and maybe connect the rig using usb or something which you set the rig to start mining?  Is being able to use Linux a necessary skill in order to start running rigs like these?

To clarify, I would have to ship a fully built computer to you. U would then plug in power and an Ethernet cable (to connect it to your home router). And then watch the monero and electricity roll in.

I speculate

Or you could just take those $1200 and buy Monero at this price and speculate on it being a better investment. It would certainly be easier.

Certainly, but mining supports the network and therefore makes Monero safer, which arguably also contributes to its value.

[dEBRUYNE]

If anyone was wondering which loose ends will be tied up with CT:

http://weuse.cash/2016/01/09/tying-up-loose-ends-with-ringct/

credits to dnaleor!

[dEBRUYNE]

Just to let you guys know. moneroblocks.eu is gone. moneroblocks.info is coming.

I forgot to renew the domain and GoDaddy "forgot" to warn me before hand so that they could try to extort an outrageous "Redemption Fee".

So that's that.

 

Seems like Moneroblocks.info is up and running. Moneroblocks.info replaces Moneroblocks.eu.

[GingerAle]

I'm selling custom built miners. Or I can build them and run them in my basement for a fee. Or you can just send me monero and I'll keep mining monero. Something with mining. I know of at least 2 individuals that have hardware that they have silent because their electricity costs are too high and/or they can't find a place to house their stuff.

and eventually I'll have this monerodo device done which I'll be selling for monero, obviously. Now I'm debating if I should have the software update via github pull / compile or just download "official" binaries. Thoughts? I could also just have it checkout some version... though I've found it a pain to un-checkout things, or go back to head or whatever.

oh yeah. I speculate bananas.

Just curious, what's the cost of the miners you are building, and how are they different from say, your average mining computer?

honestly all I would be doing is building a computer with as many GPUs as can fit on the board. The most PCI slots available on a mobo these days is 6 or 7. The trick to building these things is finding a case to put them in with proper airflow, but thats ultimately what you'd be paying me to do. And then making the mining software work and the pool software (so you could mine on your own node and get ALL OF THE BLOCK). Otherwise you could just throw one together yourself.

Don't quote me, but I think I could sell a 1.6 kh/s rig for $1200.

edited to add: which after 1 year (or whenever your done) you could then pull apart and sell the GPUs on ebay for probably 70%.

I get what your saying, but I'm still really technically incapable of understanding how a "rig" work...

Do you simply download the node on the same computer I'm using, and maybe connect the rig using usb or something which you set the rig to start mining?  Is being able to use Linux a necessary skill in order to start running rigs like these?

To clarify, I would have to ship a fully built computer to you. U would then plug in power and an Ethernet cable (to connect it to your home router). And then watch the monero and electricity roll in.

I speculate

Or you could just take those $1200 and buy Monero at this price and speculate on it being a better investment. It would certainly be easier.

Certainly, but mining supports the network and therefore makes Monero safer, which arguably also contributes to its value.

Indeed - if you listened to the fast talking podcast (uncensored bitcoin) where fluffypony went on, it seems one of the hosts primary concerns was the lack of security in the monero network due to both the hashrate and the nodecount.

http://www.stitcher.com/podcast/chris-derose-2/bitcoin-uncensored/e/e20-christmas-poo-122215-41741333

it starts at just about the 1 hour mark.

[bitebits]

I have started my node again and am solo mining.  Instead of using both cores I am now mining with only one.  The second core doesn't increase the HR by 100% but only 30% and using one core enables me to do anything else I want with my supercomputer while getting 25 H/s.

That is perfect. Or even part time (just mine when you aren't using the computer). Every little bit helps. Also, ask your friends to do the same.

I installed version 0.9 and downloaded the blockchain from scratch. Absolutely amazed how quickly it synced (overnight), and only uses ~70 mb of RAM. Amazing job!

About the solo mining you are encouraging. Do I actually make a valuable contribution to the network when I only have 12 MH/s and 8+0 connections (I can't map a port since I do not have access to the router. So I assume I am not a full node).

[TrueCryptonaire]

Is the case of Monero being introduced to any Venture Capitalists out there? Monero are about to be in the point when the Venture Capitalists who are into tech are getting into the technology.
I think it is important to not leave anyone behind Monero and bring Monero to as many bags are possible and make more people the disciples and bagholders of Monero.