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Author Topic: [NEW MINING CLASS] MSCoins - POW coins withing Nxt's POS ecosystem  (Read 9431 times)
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Yanakitu Tenatako
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January 30, 2015, 09:31:18 PM
 #41

I don't mint regularly, I have only trialled it.

The account who was making $26/day was minting 300 EGOLD (I think it was) about every 15min. We can't know what equipment he/she is using.

That is RIGHT! He/she is having a really big mining equipment and could mine same or more on other coins as well.

I managed to make it mint EGOLD, but with everything less than units=20 is pure loss.
Every transaction eats 1 nxt from account, leaving it default at 1, you will be loosing 20x more than you earning.

Interesting concept, but no real profit in it.

Out of interest, how long does it take for you to mine 300 EGOLD?

In the other thread I mentioned there is a balance to be struck between how much and how frequently you mint. Getting the most you can in the shortest time (setting 'units' low or at the minimum) isn't a good strategy. And the right 'units' setting would be different for each person depending on your settings.

EGOLD is just one of at least a dozen coins that are being minted now, it might be true that it isn't as profitable as it has become so popular. ELEMS is the other I know if but that might be in the same boat now. I think I will play around with the minter a little more...

For 300 EGOLD like, little less than a day, with 3 x 7950 and i5 3570 cpu combined power.

Problem with other MS currencies is that there is no big demand for buying them, so you may end up with tons of something you will burn in future. All process of setting up and experimenting with parameters is a bit PITA, but doable. Don't know, interesting but really is it good for big scale miners, could not say so. Also needs a small amount of NXT to set up this minting thing, but it is not too important.


My previous statement is wrong, because it was calculated on not correct hashrate, actually, minter was not optimized.
Sorry for all trouble that could be caused.

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January 31, 2015, 06:32:35 AM
 #42

I don't understand how you get paid because these EGOLD and ELMS you can't find on any exchange anywhere.

How much do you make per day per 290X on average?





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January 31, 2015, 07:25:36 AM
 #43

I don't understand how you get paid because these EGOLD and ELMS you can't find on any exchange anywhere.

How much do you make per day per 290X on average?

You exchange them through the NXT wallet - the exchange is on the network, I think. I don't know how to calculate coins per day from hashrate, though.

What is the power consumption on mining these compared to X11? Is it power intensive like Scrypt?





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January 31, 2015, 10:13:42 AM
Last edit: January 31, 2015, 03:11:41 PM by julian071
 #44

Hmz not miniting has slowed down to about 2000 EGOLD/day @ 155 Mh. [edit] Updating the driver for 7970 to 14.1 increased speed to 220 MH.

Question: if you make a typo in the passfrase when you sell EGOLD, does that EGOLD go to another address? It seems some of my EGOLD went to the 5th dimension.

=P
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January 31, 2015, 04:32:09 PM
 #45

Hmz not miniting has slowed down to about 2000 EGOLD/day @ 155 Mh. [edit] Updating the driver for 7970 to 14.1 increased speed to 220 MH.

Question: if you make a typo in the passfrase when you sell EGOLD, does that EGOLD go to another address? It seems some of my EGOLD went to the 5th dimension.

If you make a typo in your passphrase when authorising a transaction, it will get rejected. Make a typo in the account ID,  and it will go to the 5th dimension. Check again? Do you have a transaction ID?
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January 31, 2015, 04:42:34 PM
 #46

I can't find difficulty anywhere, on any MS currency. Do you have idea how to check it of see chart like in btc, ltc and others...


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January 31, 2015, 04:51:48 PM
 #47

I can't find difficulty anywhere, on any MS currency. Do you have idea how to check it of see chart like in btc, ltc and others...



I see it in the Java window of the minter.
Made some good progress, finally.

Hello Wolf0,

Nice to see you so active in this topic Smiley
I see how many hashes are minted before block is found, but it mostly depends on luck? Was that diff you could see or there is other command like getinfo or similar?

Also, share your success with optimizied miner (in matter of information) how much more you made it above regular version? Last time it was about 25% more hashes/sec.


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January 31, 2015, 04:59:35 PM
 #48

I can't find difficulty anywhere, on any MS currency. Do you have idea how to check it of see chart like in btc, ltc and others...



I see it in the Java window of the minter.
Made some good progress, finally.

Hello Wolf0,

Nice to see you so active in this topic Smiley
I see how many hashes are minted before block is found, but it mostly depends on luck? Was that diff you could see or there is other command like getinfo or similar?

Also, share your success with optimizied miner (in matter of information) how much more you made it above regular version? Last time it was about 25% more hashes/sec.



I think that was the diff I saw.

Above 300MH/s on 280X, above 430MH/s on 290X; screenshot (nsfw): https://ottrbutt.com/miner/nxtmintwolf-01302015.png

Wow, that is huge Smiley
Nice work.

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January 31, 2015, 05:03:20 PM
 #49

I can't find difficulty anywhere, on any MS currency. Do you have idea how to check it of see chart like in btc, ltc and others...



EGOLD has a minimum difficulty of 65,536 (2^16) and a maximum of 18,446,744,073,709,551,616 (2^64).

The difficulty depends on the number of units you set in the config. Currently, minting 1 EGOLD units has a difficulty of 10,485,760,000. 50 units is 524,288,000,000 etc.
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January 31, 2015, 06:45:53 PM
 #50

I can't find difficulty anywhere, on any MS currency. Do you have idea how to check it of see chart like in btc, ltc and others...



EGOLD has a minimum difficulty of 65,536 (2^16) and a maximum of 18,446,744,073,709,551,616 (2^64).

The difficulty depends on the number of units you set in the config. Currently, minting 1 EGOLD units has a difficulty of 10,485,760,000. 50 units is 524,288,000,000 etc.

So with that kind on diff, should I bother testing it with one 280x?

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January 31, 2015, 06:56:52 PM
 #51

I can't find difficulty anywhere, on any MS currency. Do you have idea how to check it of see chart like in btc, ltc and others...



EGOLD has a minimum difficulty of 65,536 (2^16) and a maximum of 18,446,744,073,709,551,616 (2^64).

The difficulty depends on the number of units you set in the config. Currently, minting 1 EGOLD units has a difficulty of 10,485,760,000. 50 units is 524,288,000,000 etc.

So with that kind on diff, should I bother testing it with one 280x?



I'm getting anywhere from 250 to 500 EGOLD per hour with a 280x & 7970
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January 31, 2015, 07:01:05 PM
 #52

Hmz not miniting has slowed down to about 2000 EGOLD/day @ 155 Mh. [edit] Updating the driver for 7970 to 14.1 increased speed to 220 MH.

Question: if you make a typo in the passfrase when you sell EGOLD, does that EGOLD go to another address? It seems some of my EGOLD went to the 5th dimension.

If you make a typo in your passphrase when authorising a transaction, it will get rejected. Make a typo in the account ID,  and it will go to the 5th dimension. Check again? Do you have a transaction ID?

OK, then it went to the 5h dimension in some other way... TID is 6608195740606986013 in block 16381661902089743729. Looks like the EGOLD was never exchanged for NXT but I can't see the offer in the Exchange booth. But it's probably just me being new with this, it's not possible for stuff to go to the 5th dimension when you're using blockchain technology =)

Yanakitu Tenatako, Current difficulty is listed in bold at the top of the GUI of Nxt Mint.

=P
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January 31, 2015, 07:09:55 PM
 #53

I can't find difficulty anywhere, on any MS currency. Do you have idea how to check it of see chart like in btc, ltc and others...



EGOLD has a minimum difficulty of 65,536 (2^16) and a maximum of 18,446,744,073,709,551,616 (2^64).

The difficulty depends on the number of units you set in the config. Currently, minting 1 EGOLD units has a difficulty of 10,485,760,000. 50 units is 524,288,000,000 etc.

So with that kind on diff, should I bother testing it with one 280x?



I'm getting anywhere from 250 to 500 EGOLD per hour with a 280x & 7970

is that 250 to 500 both or each?

Also what is a good unit setpoint for 1 280x? is 50 bring to much diff?
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January 31, 2015, 07:17:11 PM
 #54

I can't find difficulty anywhere, on any MS currency. Do you have idea how to check it of see chart like in btc, ltc and others...



EGOLD has a minimum difficulty of 65,536 (2^16) and a maximum of 18,446,744,073,709,551,616 (2^64).

The difficulty depends on the number of units you set in the config. Currently, minting 1 EGOLD units has a difficulty of 10,485,760,000. 50 units is 524,288,000,000 etc.

So with that kind on diff, should I bother testing it with one 280x?



I'm getting anywhere from 250 to 500 EGOLD per hour with a 280x & 7970

is that 250 to 500 both or each?

Also what is a good unit setpoint for 1 280x? is 50 bring to much diff?

That's for both.

I've got mine set to 50 units so, at the current exchange of 0.056, I am getting about 1.8NXT per 50EGOLD (2.8NXT - 1NXT fee).

To get any kind of profit you should set it above 20 units - 20 will give you 0.12NXT per 20EGOLD (after the 1NXT fee) at the current exchange rate. Also, to exchange it also costs 1NXT so you would have to mint 9 lots of 20 units before exchanging so that you don't have a loss.
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January 31, 2015, 07:27:44 PM
 #55

As topic says, opportunities for CPU and GPU miners...

Well, GPU is questionable, but CPU is a big mistake, Intel i5 3570 makes less than 1 mhash/s all 4 cores total VS 200+mhash/s 7970/280x.

So, it is not for CPU miners Sad((


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January 31, 2015, 07:33:44 PM
 #56

Yes I'm up and runnng thanks! Is EGOLD the most profitable right now? (for GPU)

EDIT: humm not great at that only running at 40 mhs on a 280x
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January 31, 2015, 07:39:54 PM
 #57

Yes I'm up and runnng thanks! Is EGOLD the most profitable right now? (for GPU)

EDIT: humm not great at that only running at 40 mhs on a 280x

What's your settings for gpudevice=?
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January 31, 2015, 07:41:21 PM
 #58

Yes I'm up and runnng thanks! Is EGOLD the most profitable right now? (for GPU)

EDIT: humm not great at that only running at 40 mhs on a 280x

What's your settings for gpudevice=?

gpudevice=0,256

EDIT: intensity was 10= 40 MHS, now tried 15 and it equal 60 mhs
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January 31, 2015, 07:44:54 PM
 #59

Yes I'm up and runnng thanks! Is EGOLD the most profitable right now? (for GPU)

EDIT: humm not great at that only running at 40 mhs on a 280x

What's your settings for gpudevice=?

gpudevice=0,256

EDIT: intensity was 10= 40 MHS, now tried 15 and it equal 60 mhs

try

gpudevice=0,256,524288
gpuintensity=50

The intensity doesn't matter too much for the hash rate for me but 50 is as good as any other number!
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January 31, 2015, 07:52:11 PM
 #60

Yes I'm up and runnng thanks! Is EGOLD the most profitable right now? (for GPU)

EDIT: humm not great at that only running at 40 mhs on a 280x

What's your settings for gpudevice=?

gpudevice=0,256

EDIT: intensity was 10= 40 MHS, now tried 15 and it equal 60 mhs

try

gpudevice=0,256,524288
gpuintensity=50

The intensity doesn't matter too much for the hash rate for me but 50 is as good as any other number!


BINGO! 234 MHS thanks a lot! now my PC isn't usuable tho LOL (laggy)
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