Masternode reward: 1 CRDS.
How often is this reward for master node payed?
Another question:
Can mining be done by the daemon creditsd without having to start the qt GUI wallet?
Topic: [ANN] Credits(CRDS): CPU-only mining | Argon2d PoW - Masternodes - page 62. (Read 482497 times)
November 14, 2017, 03:35:34 AM
November 14, 2017, 12:29:09 AM
according to the distribution, there should be about 2,500,000 coins after 1 year. but the block explorer says there are already 3.3mil coins! less than half a year! someone is instaming this, getting ready to dump as soon as there's any decent liquidity. can someone explain this??
November 13, 2017, 05:57:39 PM
Is this correct way to calculate mining profit?
First I check block Explorer:
http://explorer.crds.co/richlist
Network 1.79 MH/s
Difficulty 0.08888
According to ANN:
POW blocks: 675 / day
Block reward: 10 CRDS
So 1.79 MH/s total hashrate in the network gives 675 block/day.
Let's say I have a miner with 50 kH/s which is 0.05 MH/s.
That means I get 10*675*0.05/1.79 = 189 CRDS / day with my hashrate?
1 CRDS = 0.000008700 BTC
1 BTC = 6491$
189 CRDS / day = 189 * 0.000008700 * 6491 $ / day = 10.67$ / day
I read that an overclocked Ryzen 7 CPU should get 60 kH/s. I have a Ryzen 7 1700 but don't overclock so I expect maybe 50 kH/s. So it will give me around 10$ / day on average? I know with solo mining it depends on luck but in the long run it should getting closer to average. The price and difficulty varies but I just wanted to get a rough estimate if it is profitable or not.
Yes your maths is correct, however it may not work out like that precisely. First I check block Explorer:
http://explorer.crds.co/richlist
Network 1.79 MH/s
Difficulty 0.08888
According to ANN:
POW blocks: 675 / day
Block reward: 10 CRDS
So 1.79 MH/s total hashrate in the network gives 675 block/day.
Let's say I have a miner with 50 kH/s which is 0.05 MH/s.
That means I get 10*675*0.05/1.79 = 189 CRDS / day with my hashrate?
1 CRDS = 0.000008700 BTC
1 BTC = 6491$
189 CRDS / day = 189 * 0.000008700 * 6491 $ / day = 10.67$ / day
I read that an overclocked Ryzen 7 CPU should get 60 kH/s. I have a Ryzen 7 1700 but don't overclock so I expect maybe 50 kH/s. So it will give me around 10$ / day on average? I know with solo mining it depends on luck but in the long run it should getting closer to average. The price and difficulty varies but I just wanted to get a rough estimate if it is profitable or not.
Any mining guide for CRDS ?
Not yet, I'll get one written up today if I can.
Thanks! It sure looks profitable enough to try some CPU mining!
I also have a server with four AMD Opteron 6276 CPU (64 cores in total).
This will be interesting :-)
Edit: How do I start mining using command line only?
I was able to start it in the gui wallet but I want to run it on a headless machine without gui,
credits-cli dows not seem to work (or I don't know how to start it correcly).
Anyway I got 23.6 kH/s with an AMD FX-8350 CPU using 8 threads.
Edit: I won 3 blocks with the FX-8350 in 8 hours so the calculations seems to be correct (or I was just lucky).
November 13, 2017, 05:41:55 PM
Is this correct way to calculate mining profit?
First I check block Explorer:
http://explorer.crds.co/richlist
Network 1.79 MH/s
Difficulty 0.08888
According to ANN:
POW blocks: 675 / day
Block reward: 10 CRDS
So 1.79 MH/s total hashrate in the network gives 675 block/day.
Let's say I have a miner with 50 kH/s which is 0.05 MH/s.
That means I get 10*675*0.05/1.79 = 189 CRDS / day with my hashrate?
1 CRDS = 0.000008700 BTC
1 BTC = 6491$
189 CRDS / day = 189 * 0.000008700 * 6491 $ / day = 10.67$ / day
I read that an overclocked Ryzen 7 CPU should get 60 kH/s. I have a Ryzen 7 1700 but don't overclock so I expect maybe 50 kH/s. So it will give me around 10$ / day on average? I know with solo mining it depends on luck but in the long run it should getting closer to average. The price and difficulty varies but I just wanted to get a rough estimate if it is profitable or not.
Yes your maths is correct, however it may not work out like that precisely. First I check block Explorer:
http://explorer.crds.co/richlist
Network 1.79 MH/s
Difficulty 0.08888
According to ANN:
POW blocks: 675 / day
Block reward: 10 CRDS
So 1.79 MH/s total hashrate in the network gives 675 block/day.
Let's say I have a miner with 50 kH/s which is 0.05 MH/s.
That means I get 10*675*0.05/1.79 = 189 CRDS / day with my hashrate?
1 CRDS = 0.000008700 BTC
1 BTC = 6491$
189 CRDS / day = 189 * 0.000008700 * 6491 $ / day = 10.67$ / day
I read that an overclocked Ryzen 7 CPU should get 60 kH/s. I have a Ryzen 7 1700 but don't overclock so I expect maybe 50 kH/s. So it will give me around 10$ / day on average? I know with solo mining it depends on luck but in the long run it should getting closer to average. The price and difficulty varies but I just wanted to get a rough estimate if it is profitable or not.
Any mining guide for CRDS ?
Not yet, I'll get one written up today if I can.
November 13, 2017, 11:37:46 AM
Any mining guide for CRDS ?
November 13, 2017, 11:31:57 AM
Is this correct way to calculate mining profit?
First I check block Explorer:
http://explorer.crds.co/richlist
Network 1.79 MH/s
Difficulty 0.08888
According to ANN:
POW blocks: 675 / day
Block reward: 10 CRDS
So 1.79 MH/s total hashrate in the network gives 675 block/day.
Let's say I have a miner with 50 kH/s which is 0.05 MH/s.
That means I get 10*675*0.05/1.79 = 189 CRDS / day with my hashrate?
1 CRDS = 0.000008700 BTC
1 BTC = 6491$
189 CRDS / day = 189 * 0.000008700 * 6491 $ / day = 10.67$ / day
I read that an overclocked Ryzen 7 CPU should get 60 kH/s. I have a Ryzen 7 1700 but don't overclock so I expect maybe 50 kH/s. So it will give me around 10$ / day on average? I know with solo mining it depends on luck but in the long run it should getting closer to average. The price and difficulty varies but I just wanted to get a rough estimate if it is profitable or not.
First I check block Explorer:
http://explorer.crds.co/richlist
Network 1.79 MH/s
Difficulty 0.08888
According to ANN:
POW blocks: 675 / day
Block reward: 10 CRDS
So 1.79 MH/s total hashrate in the network gives 675 block/day.
Let's say I have a miner with 50 kH/s which is 0.05 MH/s.
That means I get 10*675*0.05/1.79 = 189 CRDS / day with my hashrate?
1 CRDS = 0.000008700 BTC
1 BTC = 6491$
189 CRDS / day = 189 * 0.000008700 * 6491 $ / day = 10.67$ / day
I read that an overclocked Ryzen 7 CPU should get 60 kH/s. I have a Ryzen 7 1700 but don't overclock so I expect maybe 50 kH/s. So it will give me around 10$ / day on average? I know with solo mining it depends on luck but in the long run it should getting closer to average. The price and difficulty varies but I just wanted to get a rough estimate if it is profitable or not.
November 11, 2017, 05:46:30 PM
Have any more explorers?
This is the only explorer right now:
http://explorer.crds.co/richlist
Keep in mind that the highest balance is the premine, which is still held for bounties.
Also, we have increased the bounty for the generation of a standalone miner that is equally fast or faster that the wallet miner. The bounty is now 15000CRDS.
Details for this bounty and other one off bounties can be found in the #tasks server within the Credits Discord - https://discord.gg/Hq7dKhh
November 11, 2017, 01:02:29 PM
Have any more explorers?
This is the only explorer right now:
http://explorer.crds.co/richlist
Keep in mind that the highest balance is the premine, which is still held for bounties.
Also, we have increased the bounty for the generation of a standalone miner that is equally fast or faster that the wallet miner. The bounty is now 15000CRDS.
Nice bounty currently valued at just under $1000 at these prices, hopefully it brings in some interest from devs
November 11, 2017, 12:52:05 PM
Have any more explorers?
This is the only explorer right now:
http://explorer.crds.co/richlist
Keep in mind that the highest balance is the premine, which is still held for bounties.
Also, we have increased the bounty for the generation of a standalone miner that is equally fast or faster that the wallet miner. The bounty is now 15000CRDS.
November 11, 2017, 09:28:13 AM
November 11, 2017, 05:09:48 AM
Have any more explorers?
November 10, 2017, 10:59:06 PM
We've doubled the bounty for the swimming pool for that exact cause of equality Exploration has exploded, we understood this project is massive, but this is huge.
November 10, 2017, 03:05:34 PM
This coin needs a pool and a good miner now! Diff is making it really hard for small-timers to solo!
November 10, 2017, 02:35:57 PM
There is no mining pool for CRDS yet? How can I solo mine if there is no mining pool yet?
You know what a mining pool is for? For solo mining you only have to open the debug console and type "setgenerate true -1", thats all.
November 10, 2017, 02:25:00 PM
There is no mining pool for CRDS yet? How can I solo mine if there is no mining pool yet?
November 10, 2017, 09:42:45 AM
Price is increasing and 24hr volume is over 5000$. Next step is to be included in Coinmarketcap! 
November 10, 2017, 06:11:52 AM
Remember, the bigger pickaxe clears more work, however the small pickaxe sometimes discovers a jewel
November 10, 2017, 04:00:37 AM
why are we at 261235 block hight?
it only 5 months over and we are already that high?
doesnt it need to be 675 * 160 days = 108.000
The code was fairly weak on release and thus was susceptible to time stamp injection attacks which caused the difficulty to continually reset. The code was updated as of version 1.1.0 at block height 250,000. There are also a few further improvements to be included in the next release.it only 5 months over and we are already that high?
doesnt it need to be 675 * 160 days = 108.000
24 hour volume on Coinsmarkets.com is getting closer to the $10,000 needed to be included on coinmarketcap.com.
November 09, 2017, 08:11:04 PM
why are we at 261235 block hight?
it only 5 months over and we are already that high?
doesnt it need to be 675 * 160 days = 108.000
it only 5 months over and we are already that high?
doesnt it need to be 675 * 160 days = 108.000
November 09, 2017, 09:40:50 AM
If you're asking about pool mining, there is pool mining as well as a standalone miner currently in development and there are bounties available. Anyone who wants to help can join us on Discord.
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