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WaffleMaster (OP)
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January 13, 2015, 09:08:25 PM |
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Hi guys, I was just wondering if anybody here is mining a CPU only altcoin. I have 6 hours of downtime at work each day and then it suddenly came to me, I could be mining coins during this time at work! Sure it may not be worth much, but I really enjoy mining and I always bring my laptop with me and use a VPN at work. Ever since the asic days of Scrypt my mining days are over... I want to get back in the swing of things with CPU only coins!
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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Bombadil
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January 13, 2015, 11:03:15 PM |
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Coin of the Magi (XMG) might be a good one  There are others out there which are doing pretty well for CPU (Monero e.g.), but I have no idea about their current position in the cryptoworld ^^
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lauren2014
Newbie
 Offline
Activity: 39
Merit: 0
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January 14, 2015, 04:47:07 AM |
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i wouldnt use a laptop.
but if u have a desktop do it.
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eule
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January 15, 2015, 04:12:00 PM |
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Coin of the Magi is the best option imo, especially for low powered devices.
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jawitech
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January 15, 2015, 11:43:30 PM |
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Guys, you are great, usually I'm the first one who mentions Magi in such kind of threads Thanks for recommending Magi. Indeed, Magi is a very good choice for CPU mining. With a special miner software, you can even use your notebook to mine. Please say hello in our thread and ask if you have any questions. https://bitcointalk.org/index.php?topic=735170.0 |
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tekke
Legendary
Offline
Activity: 854
Merit: 1000
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January 18, 2015, 04:37:22 AM |
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hands down the choice is Magi
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VERUMinNUMERIS
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January 19, 2015, 06:59:41 AM |
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Coins for tweets? Gotta like that. Thanks! |
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Ingramtg
Legendary
Offline
Activity: 861
Merit: 1000
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January 19, 2015, 07:57:24 PM |
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Magi is a cpu mining coin , but you can only mine a little with one pc
maybe you have lots of cpu..
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jawitech
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January 20, 2015, 12:24:27 AM |
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Magi is a cpu mining coin , but you can only mine a little with one pc
maybe you have lots of cpu..
Yes and no. Magi has a block reward that depends on the total hashrate. The long-term goal is, that even a simple home computer is able get a good amount of coins. Unfortunately there are some miners with big hashrate who press the block reward to the bottom. But that shouldn't be a reason to avoid Magi. Please have a look at these statements from the developer, to get an idea of the Magi concept. https://bitcointalk.org/index.php?topic=735170.msg10202473#msg10202473https://bitcointalk.org/index.php?topic=735170.msg10201766#msg10201766If you are looking for instant profit, go with another coin. If you believe in this concept, love the idea and support this term long-term, start mining (even with lower block rewards). There's still some work to reach the goals, but we're working hard and there is an active development for this coin. |
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xandry
Staff
Legendary
Offline
Activity: 3430
Merit: 3982
Crypto Swap Exchange
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January 20, 2015, 04:11:22 PM |
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Why not to mine some really useful? I mean Riecoin |
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NeuroticFish
Legendary
Offline
Activity: 3654
Merit: 6365
Looking for campaign manager? Contact icopress!
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January 20, 2015, 04:14:26 PM |
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I mined XMR, I mined XMG, I mined DNC... now all seem to be worthless  Last good hit was DNC, but now price is too low... |
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jawitech
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January 20, 2015, 05:20:08 PM |
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I mined XMR, I mined XMG, I mined DNC... now all seem to be worthless Last good hit was DNC, but now price is too low... If there is no current pump or you mine a brand new coin, ALL coin prices are down. Did you hear that BTC, LTC and nearly all other coins crashed down? Mining is not only making quick profit. If you believe in a coin, you will make long-term profit. Did you stop mining BTC for example, when the rate went down from $1200? Magi is a long-term project, not a pump and dump coin that will die after the dev made his profits. Read the ANN thread and get an idea of the concept. |
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thefix
Legendary
Offline
Activity: 1049
Merit: 1001
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January 20, 2015, 06:42:21 PM |
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I vote for Magi also, its a cool long term project with high value regardless of coin value
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Amph
Legendary
Offline
Activity: 3206
Merit: 1069
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January 20, 2015, 07:04:43 PM |
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I vote for Magi also, its a cool long term project with high value regardless of coin value
one of those coin that should've come long before the altscene crisis, some good coin were destroyed by all those "altscammer" |
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NeuroticFish
Legendary
Offline
Activity: 3654
Merit: 6365
Looking for campaign manager? Contact icopress!
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January 20, 2015, 07:47:32 PM |
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I mined XMR, I mined XMG, I mined DNC... now all seem to be worthless Last good hit was DNC, but now price is too low... If there is no current pump or you mine a brand new coin, ALL coin prices are down. Did you hear that BTC, LTC and nearly all other coins crashed down? Mining is not only making quick profit. If you believe in a coin, you will make long-term profit. Did you stop mining BTC for example, when the rate went down from $1200? Magi is a long-term project, not a pump and dump coin that will die after the dev made his profits. Read the ANN thread and get an idea of the concept. I've read Magi ann much better than many. I've also translated it. You missed that  ) Right now, by chance, I mine Magi. Still... if I believe in a coin, I don't necessarely mine it. Sometimes I mine something easier to mine and buy what I want to keep. |
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sethminer14
Member
Offline
Activity: 98
Merit: 10
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January 21, 2015, 12:13:19 AM |
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Is mining magi more profitable than cryptonote coins?
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NeuroticFish
Legendary
Offline
Activity: 3654
Merit: 6365
Looking for campaign manager? Contact icopress!
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January 21, 2015, 08:56:55 AM |
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Is mining magi more profitable than cryptonote coins?
From my tests there is at least one cryptonote coin that is more profitable to mine than Magi. But not for long, it seems.... But you know, all depends on the price and the difficulty. |
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BitcoinFX
Legendary
Offline
Activity: 2646
Merit: 1720
https://youtu.be/DsAVx0u9Cw4 ... Dr. WHO < KLF
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January 21, 2015, 04:44:23 PM |
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Magi is currently a good choice for CPU mining imho. ... Slimcoin is perhaps very underrated in terms of its importance in innovation in crypto currency. Slimcoin has the first known working implementation of PoB (Proof-of-Burn) block generation. It also utilizes the unique Dcrypt PoW algorithm which was designed for CPU mining and to be ASIC resistant. The latest version of Slimcoin is available here: https://bitcointalk.org/index.php?topic=613213.msg9227084#msg9227084The Slimcoin whitepaper also makes for a very interesting read: https://slimcoin.org/images/downloads/slimcoin_whitepaper.pdfAlthough an experimental GPU miner does now exist for Slimcoin, very few people are currently mining, so it is therefore possible to find some blocks with CPU. You can mine in the wallet using: setgenerate true numberofcores via help Tab > Debug window > Console Tab. Slimcoin is also listed on Bter exchange. ... Gapcoin is a very interesting CPU mineable coin, although a GPU miner does now exist. http://gapcoin.org/ and https://bitcointalk.org/index.php?topic=822498.0Gapcoin is the largest know, decentralized search for Prime Gaps. 
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Amph
Legendary
Offline
Activity: 3206
Merit: 1069
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January 21, 2015, 05:10:27 PM
Last edit: March 01, 2015, 01:32:34 PM by Amph |
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some old coins may be not that bad to mine, like chaincoin or similar
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