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Topic: Alt coin mining (Read 1573 times)

member
Activity: 93
Merit: 11
September 01, 2017, 02:59:14 AM
#29
Cloak mining nets you 6% annually guaranteed, and can be done on a cheap $200 laptop without burning it up because it is POS mining not POW mining (meaning that it requires less energy).  And if you are lucky to mine some Enigma transactions (becaue Cloak is anonymous), then you can make a lot more $$$.

Can you tell me more about what Cloak mining is?  Is there a website I can actually read some information on this at all?  
Never heard of cloak mining either. Would like some more information about it or even a link to a thread so we can do more research on it.

Also heard of a monero mining program but it installs a miner on someone's robolox account (whatever that is).
Sounds like a hack tool or something but it deposits into your wallet.
Maybe try it out on a network of your own computers so you will not get caught and get yourself in a lot of trouble.

"Download" the wallet, "insert" CLOAK, then "unlock for minting"

It is POS mining so it requires stake to start, but it's 6% annual guaranteed unless you get lucky enough to dig up an Enigma transaction which kicks you $20 bucks or so depending on the price of CLOAK.  The incentive to mine cloak is to incentivise millions of nodes to make Enigma most anon.

CLOAK team will soon be opening the hood to reveal their proprietary Enigma invention.  Afterward, CLOAK clones will start sprouting up. Yes, currently, CLOAK is closed source.

Didn't know all that thanks for sharing man
hero member
Activity: 784
Merit: 1000
August 30, 2017, 08:14:35 AM
#28
Thanks, that is exactly what I was looking for, a crap coin.  I did just buy a new graphics card not sure how it is used for mining, bought it for more gaming.

Nvidia GeForce 1080 TI Graphics card, cost 800 bucks not sure if it could be used for mining anything worth it...

Check out NiceHash, on the bottom there's a link for "profitability calculator".  Select your card from the list and it'll show you the most profitable coins for your hardware.

They have a "NiceHash miner" that does all the hard work for you.  In fact, they have a few of them.  I used the 2.0 version for a while but eventually switched back to the "legacy" miner which gives me more control.

M

Wow...I could actually mine with that card for BTC, granted I would have to join a pool and it wouldn't be that much a year but it would do around $1400 a year or so.  I honestly did not think it was profitable to join a mining pool and earn money anymore, I guess with BTC on the rise it is helping out.

To clarify, you can mine a coin on NiceHash that will pay you directly in BTC.  I'm getting at least $2/day for my 1070 before electricity costs.  Not sure what you'll get on your 1080 ... but you must remember to factor in cooling and electric costs, AND there's no guarantee it'll stay this way tomorrow, let alone for a year.

M

If you mine ZEC with 1080, then you will get more.

ZEC is a coin I take it?  So I can mine ZEC with my 1080 TI and actually get a fair amount of coin(Obv not a whole BTC or anything like that) but it would be worth it in order to go through with this?
full member
Activity: 155
Merit: 100
August 30, 2017, 06:36:20 AM
#27
Thanks, that is exactly what I was looking for, a crap coin.  I did just buy a new graphics card not sure how it is used for mining, bought it for more gaming.

Nvidia GeForce 1080 TI Graphics card, cost 800 bucks not sure if it could be used for mining anything worth it...

Check out NiceHash, on the bottom there's a link for "profitability calculator".  Select your card from the list and it'll show you the most profitable coins for your hardware.

They have a "NiceHash miner" that does all the hard work for you.  In fact, they have a few of them.  I used the 2.0 version for a while but eventually switched back to the "legacy" miner which gives me more control.

M

Wow...I could actually mine with that card for BTC, granted I would have to join a pool and it wouldn't be that much a year but it would do around $1400 a year or so.  I honestly did not think it was profitable to join a mining pool and earn money anymore, I guess with BTC on the rise it is helping out.

To clarify, you can mine a coin on NiceHash that will pay you directly in BTC.  I'm getting at least $2/day for my 1070 before electricity costs.  Not sure what you'll get on your 1080 ... but you must remember to factor in cooling and electric costs, AND there's no guarantee it'll stay this way tomorrow, let alone for a year.

M

If you mine ZEC with 1080, then you will get more.
member
Activity: 93
Merit: 11
August 30, 2017, 03:32:24 AM
#26
Cloak mining nets you 6% annually guaranteed, and can be done on a cheap $200 laptop without burning it up because it is POS mining not POW mining (meaning that it requires less energy).  And if you are lucky to mine some Enigma transactions (becaue Cloak is anonymous), then you can make a lot more $$$.

Can you tell me more about what Cloak mining is?  Is there a website I can actually read some information on this at all? 

What he is trying to say is staking. It's a way of mining POS (proof of stake) There are many alt that offer it. You get minted coins for holding the coin on a desktop wallet (open). Each coin come with its stake reward. I have been staking coins for a while on a website that works as a pool so the stake's are more often. If anyone would like to join email me and I more than happy to share the link.
hero member
Activity: 784
Merit: 1000
August 29, 2017, 10:42:47 AM
#25
Thanks, that is exactly what I was looking for, a crap coin.  I did just buy a new graphics card not sure how it is used for mining, bought it for more gaming.

Nvidia GeForce 1080 TI Graphics card, cost 800 bucks not sure if it could be used for mining anything worth it...

Check out NiceHash, on the bottom there's a link for "profitability calculator".  Select your card from the list and it'll show you the most profitable coins for your hardware.

They have a "NiceHash miner" that does all the hard work for you.  In fact, they have a few of them.  I used the 2.0 version for a while but eventually switched back to the "legacy" miner which gives me more control.

M

Wow...I could actually mine with that card for BTC, granted I would have to join a pool and it wouldn't be that much a year but it would do around $1400 a year or so.  I honestly did not think it was profitable to join a mining pool and earn money anymore, I guess with BTC on the rise it is helping out.

To clarify, you can mine a coin on NiceHash that will pay you directly in BTC.  I'm getting at least $2/day for my 1070 before electricity costs.  Not sure what you'll get on your 1080 ... but you must remember to factor in cooling and electric costs, AND there's no guarantee it'll stay this way tomorrow, let alone for a year.

M

Right, absolutely.  I do think BTC value will go up in the long run but I was pleasantly surprised on the fact you could actually be profitable on mining nowadays even with just 1 CPU.  I wish I would have gotten in way back when, to live and learn
legendary
Activity: 1540
Merit: 1001
August 29, 2017, 10:36:02 AM
#24
Thanks, that is exactly what I was looking for, a crap coin.  I did just buy a new graphics card not sure how it is used for mining, bought it for more gaming.

Nvidia GeForce 1080 TI Graphics card, cost 800 bucks not sure if it could be used for mining anything worth it...

Check out NiceHash, on the bottom there's a link for "profitability calculator".  Select your card from the list and it'll show you the most profitable coins for your hardware.

They have a "NiceHash miner" that does all the hard work for you.  In fact, they have a few of them.  I used the 2.0 version for a while but eventually switched back to the "legacy" miner which gives me more control.

M

Wow...I could actually mine with that card for BTC, granted I would have to join a pool and it wouldn't be that much a year but it would do around $1400 a year or so.  I honestly did not think it was profitable to join a mining pool and earn money anymore, I guess with BTC on the rise it is helping out.

To clarify, you can mine a coin on NiceHash that will pay you directly in BTC.  I'm getting at least $2/day for my 1070 before electricity costs.  Not sure what you'll get on your 1080 ... but you must remember to factor in cooling and electric costs, AND there's no guarantee it'll stay this way tomorrow, let alone for a year.

M
hero member
Activity: 784
Merit: 1000
August 29, 2017, 10:18:12 AM
#23
Thanks, that is exactly what I was looking for, a crap coin.  I did just buy a new graphics card not sure how it is used for mining, bought it for more gaming.

Nvidia GeForce 1080 TI Graphics card, cost 800 bucks not sure if it could be used for mining anything worth it...

Check out NiceHash, on the bottom there's a link for "profitability calculator".  Select your card from the list and it'll show you the most profitable coins for your hardware.

They have a "NiceHash miner" that does all the hard work for you.  In fact, they have a few of them.  I used the 2.0 version for a while but eventually switched back to the "legacy" miner which gives me more control.

M

Wow...I could actually mine with that card for BTC, granted I would have to join a pool and it wouldn't be that much a year but it would do around $1400 a year or so.  I honestly did not think it was profitable to join a mining pool and earn money anymore, I guess with BTC on the rise it is helping out.
legendary
Activity: 1540
Merit: 1001
August 29, 2017, 09:38:07 AM
#22
Thanks, that is exactly what I was looking for, a crap coin.  I did just buy a new graphics card not sure how it is used for mining, bought it for more gaming.

Nvidia GeForce 1080 TI Graphics card, cost 800 bucks not sure if it could be used for mining anything worth it...

Check out NiceHash, on the bottom there's a link for "profitability calculator".  Select your card from the list and it'll show you the most profitable coins for your hardware.

They have a "NiceHash miner" that does all the hard work for you.  In fact, they have a few of them.  I used the 2.0 version for a while but eventually switched back to the "legacy" miner which gives me more control.

M
hero member
Activity: 784
Merit: 1000
August 29, 2017, 09:34:49 AM
#21
Thanks, that is exactly what I was looking for, a crap coin.  I did just buy a new graphics card not sure how it is used for mining, bought it for more gaming.

Nvidia GeForce 1080 TI Graphics card, cost 800 bucks not sure if it could be used for mining anything worth it...
ask
legendary
Activity: 1386
Merit: 1004
August 26, 2017, 03:41:03 AM
#20
try to find a shitcoin which is going to be listed on an exchange then booom! you will get more then ETH mining.
its not easy you have to follow forum more frequently
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
August 26, 2017, 03:25:11 AM
#19
Not sure if I should post this in mining or here...

Is there any coin out there that is easily mined solo?  What sort of hardware requirements should you have in order to actually be able to mine solo successfully. 



there are a bunch of new coin that you can solo mine but they have no volume or exchange, they are zillioncoin, intensecoin, and virta unique coin
legendary
Activity: 1540
Merit: 1001
August 25, 2017, 11:03:08 PM
#18
Altcoin mining with GPUs is still profitable, you will earn your investment back, depending on the rate of hashrate per dollar spent on that GPU. I've almost earned my second GPU investment, I bought it used, it's the best way to get a decent GPU but a lot cheaper, I would recommend it. And in the end, you have a GPU! You can use it for gaming if you decide to stop mining for whatever reason or even sell it for extra profit.

Just take care of your hardware!  Don't overclock it too much, clean the fans every so often, and keep them decently cool.  Running hot is a sure way to shorten the life span of your cards.

I personally like the built in water cooled ones, like what EVGA makes.  Sure, a little more expensive, but wow it's quiet and runs much cooler than the 3x fan Powercolor that I'm also using.

M
hero member
Activity: 1680
Merit: 845
August 25, 2017, 06:09:16 PM
#17
Altcoin mining with GPUs is still profitable, you will earn your investment back, depending on the rate of hashrate per dollar spent on that GPU. I've almost earned my second GPU investment, I bought it used, it's the best way to get a decent GPU but a lot cheaper, I would recommend it. And in the end, you have a GPU! You can use it for gaming if you decide to stop mining for whatever reason or even sell it for extra profit.
full member
Activity: 406
Merit: 114
August 25, 2017, 03:15:23 PM
#16
I think the economics of it is that if the coin is worth mining, I.e. Profittable, it is going to be dominated by pools and solo miners with massive equipment ... You'd be lucky to get one block every few months with low power equipment.  You might be able to jump on some near dead coins (hoping they rebound) or brand new coins while the difficulty is low, but again, the economics is that you are probably better off saving on your electric bill and putting that money towards buying the cheap coins (if you think they will rebound or rise) than mining them.
sr. member
Activity: 336
Merit: 253
Gone phishing...
August 25, 2017, 03:13:47 PM
#15
I know there are a lot of pools out there, I am really interested in mining solo in which you don't need super expensive gear in order to actually get it.  I am not trying to do pool mining because someone is always going to have better gear and therefore get a lot more coins than I am able to get. 

It seems you're looking for a coin with a low network hashrate, if what you're worried about is having a much smaller proportion of the overall hashrate than other people with better equipment.

The main difference between mining as part of a pool and solo mining is that pooled mining typically offers a more steady stream of income (distributed according to PPS/PPLNS/etc.), while solo mining offers more infrequent, but greater, rewards. (Or so we would expect. It's possible to mine to consecutive blocks solo, but it's highly improbable on any major coin at this time.)
Pool fees and other policies (such as minimum payout thresholds) are additional considerations.

Point being, switching from a pool to mining solo isn't going to achieve what you seem to desire. What you need to do is move to a small coin where a low network hashrate and thus a low difficulty that allows your individual hashrate to net you many coins. (And I'm guessing you plan on holding those coins for the sake of speculation? Because at current prices, this is probably not the most profitable move.)

Tl;dr: Pool or no pool isn't the big question here, just stick with your original purpose on finding a more obscure coin with a lower network hashrate.
hero member
Activity: 784
Merit: 1000
August 25, 2017, 01:25:51 PM
#14
I know there are a lot of pools out there, I am really interested in mining solo in which you don't need super expensive gear in order to actually get it.  I am not trying to do pool mining because someone is always going to have better gear and therefore get a lot more coins than I am able to get. 
full member
Activity: 541
Merit: 100
August 25, 2017, 08:28:56 AM
#13
Not sure if I should post this in mining or here...

Is there any coin out there that is easily mined solo?  What sort of hardware requirements should you have in order to actually be able to mine solo successfully.  



Hi,

You can do Merged Mining Dogecoin and Litecoin.

http://altpool.poolarchy.com/

cant you screend mining paying from http://altpool.poolarchy.com
newbie
Activity: 23
Merit: 0
August 25, 2017, 07:17:33 AM
#12
Not sure if I should post this in mining or here...

Is there any coin out there that is easily mined solo?  What sort of hardware requirements should you have in order to actually be able to mine solo successfully.  



Hi,

You can do Merged Mining Dogecoin and Litecoin.

http://altpool.poolarchy.com/
sr. member
Activity: 840
Merit: 252
August 25, 2017, 12:19:35 AM
#11
last week i found this site but i guess it's fake :
http://windowsminer.com/

you may give it a try.

Good luck!

Yes, right. Maybe that was fake and we should avoid trying it. There is no trusted mining sites nowadays. The only mining site I have profited was during the hashocean time. Man, everybody is caught there when they r the biggest and trusted in their time and then suddenly, they run away and scam people. Genesis is good and legit only until they are still around.
hero member
Activity: 589
Merit: 502
August 24, 2017, 10:39:06 PM
#10
Cloak mining nets you 6% annually guaranteed, and can be done on a cheap $200 laptop without burning it up because it is POS mining not POW mining (meaning that it requires less energy).  And if you are lucky to mine some Enigma transactions (becaue Cloak is anonymous), then you can make a lot more $$$.

Can you tell me more about what Cloak mining is?  Is there a website I can actually read some information on this at all? 
Never heard of cloak mining either. Would like some more information about it or even a link to a thread so we can do more research on it.

Also heard of a monero mining program but it installs a miner on someone's robolox account (whatever that is).
Sounds like a hack tool or something but it deposits into your wallet.
Maybe try it out on a network of your own computers so you will not get caught and get yourself in a lot of trouble.
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