Hello again HeavyCoiners! My guide to getting started with HeavyCoin is complete!
Please take a look at
https://bitcointalksearch.org/topic/tutorial-heavycoin-hvc-gpu-mining-guide-542962 and share this with anyone you know looking to get into Crypto. It's a pretty thorough guide about everything from downloading the wallet, mining and exchanges. I'm open to suggestions for anything I could add.
Also in the guide is a link and description of my Mine-and-Forget program. It's a windows program to help keep mining from getting in the way of work and other tasks you might be using your computer for. It will run your mining program after a set time of inactivity (you set it) and will cancel the miner anytime the user does anything. Hopefully this will help us convince our friends that mining won't be so bad after all!
Mine and Forget V1.0Mine and Forget Source Code V1.0With nice cool mining and no interruptions, there's no reason for the average person not to join the HeavyCoin party!
Also, please keep sending your configurations to me at
[email protected]! It should help us keep this thread centered on how to grow HVC
Good luck miners! HVC to da MOON!
Nice write up! I like to check every few hours too. Which pool do you favor? I love this coin, but I can't seem to get more than a couple 2-3 coin payouts per day. I was getting way more before the difficulty went up (as to be expected) but now I'm getting so few (practically none with 11 m/hash, very few invalids) that I'm thinking of switching to a different coin.
I'm currently mining on zhpool. I tried on heavycoinpool for a while, but the payouts were nearly nothing. As for the low returns right now, I feel your pain. If you look on the hardware comparison, mine if the 560 Ti. The other two cards are my friends, and they're just mining through me. I really do survive on donations
You could not be up $150 your way because you didn't have a full BTC. You could only purchase what you saved on electricity which is $10 by not mining and using the savings to purchase with.
If I had $10 (what I saved by not mining) and purchased BTC (assuming no fees) I would be able to purchase 10/500 of 1 BTC or 0.02 btc
in that same time frame mentioned above now when sold at $650 per BTC I'd have 0.02 * $650 or $13 dollars profit before paying fees from investing savings from not mining.
Would you rather have a profit of $13 minus fees
or
$150 minus cost of $10 (electric cost) for $140 profit?
I'd rather have $140 then $13 so it CAN MAKE SENSE TO MINE AT A LOSS!
Not really sure what's so hard to grasp about this?
You're not making any sense, we were talking about mining at a loss, i.e. where the cost of electricity is higher than the value of the coins you are mining. If you can mine 1 BTC for $10 of electricity, you're not mining at a loss!
I assumed what you meant was that you mined 1 BTC at a net cost of $10, i.e. that you paid $510 in electricity to receive 1 BTC of value $500, which is what mining at a loss is.
You're making this difficult. Lets be more specific.
Say to mine 1 BTC it costs a total of $510 and lets also say current value of BTC is $500. So to mine 1 BTC is COSTS you $10. So you are mining at a loss of $10 per BTC.
Now you could invest that $10 in saving into buying BTC or you could mine at a loss of $10 per BTC to sell them at a higher price later.
So I was saying it would cost $510 to mine 1 BTC that right now is worth $500. But say in 1 month it could be $650. So $140 profit.
It's all speculation of FUTURE value of a coin. But it CAN MAKE A LOT OF SENSE TO MINE AT A "PRESENT" LOSS!
I'm leaning towards freethrow on this one actually, with one exception. If you want to invest in HVC, it doesn't make sense to mine it if it isn't profitable. The reason for this is that if you earn .2BTC a day mining HVC but could earn say .3BTC mining DOGE, then it would make more sense (and you'd get more HVC) to mine DOGE and then use exchanges to buy HVC. HOWEVER, this doesn't account for exchange time. There is always the possibility that HVC will become more profitable than your alternate coin, so if you want to go the exchange route, you're gambling there too.
You should include "--no-submit-stale" for the cgminer version.
Added, thanks for the input