[ANN] MemoryCoin | CPU Coin | Paid Dev Team | Limited Supply [MMC] - page 21.

Delinquency

sr. member

Activity: 560

Merit: 250

Quote from: badbonez on January 01, 2014, 09:29:40 PM

Quote from: Delinquency on January 01, 2014, 09:18:55 PM

Buy a card to pay it off in about 1.5 months ^.^ Buy a cpu to pay for its electricity costs Cheesy

I fixed the numbers so they make more sense...

So a 280x will pay for itself and then profit after 1.5 months, while a new CPU will only cover the costs of electricity?

Let me just ask this way: I have ordered a 280x and I also mine with my CPU (~3.5 h/m) plus I have a R9 270 (~10hpm). Profit or not? All I'm looking for is to cover expenses and eventually pay off equipment. I'm not necessarily looking for a short-term dump. (Just need to be able to tell the wife that it's at least paying for itself. Grin

)

And thanks!

profit.

badbonez

member

Activity: 70

Merit: 10

Quote from: Delinquency on January 01, 2014, 09:24:21 PM

Quote from: badbonez on January 01, 2014, 09:22:01 PM

Quote from: Snard on January 01, 2014, 09:04:21 PM

Is there any info out there on the GPU mining of MMC? I know reorder posted about it in another topic, but it seems that there are enough pools offering it now that the source is most likely released somewhere.

What other pools offer GPU mining?

I suggested they release the source for solo miner farms but only one pool is available. I'm getting all rejects with my GPU anyway.

my 270 is at A/R/T = 433/30/37

A = accepted
R = rejected
T = timeout?

Am I reading that right? Is that good or too many rejects?

badbonez

member

Activity: 70

Merit: 10

Quote from: Delinquency on January 01, 2014, 09:18:55 PM

Buy a card to pay it off in about 1.5 months ^.^ Buy a cpu to pay for its electricity costs Cheesy

I fixed the numbers so they make more sense...

So a 280x will pay for itself and then profit after 1.5 months, while a new CPU will only cover the costs of electricity?

Let me just ask this way: I have ordered a 280x and I also mine with my CPU (~3.5 h/m) plus I have a R9 270 (~10hpm). Profit or not? All I'm looking for is to cover expenses and eventually pay off equipment. I'm not necessarily looking for a short-term dump. (Just need to be able to tell the wife that it's at least paying for itself. Grin

)

And thanks!

Delinquency

sr. member

Activity: 560

Merit: 250

Quote from: badbonez on January 01, 2014, 09:22:01 PM

Quote from: Snard on January 01, 2014, 09:04:21 PM

Is there any info out there on the GPU mining of MMC? I know reorder posted about it in another topic, but it seems that there are enough pools offering it now that the source is most likely released somewhere.

What other pools offer GPU mining?

I suggested they release the source for solo miner farms but only one pool is available. I'm getting all rejects with my GPU anyway.

badbonez

member

Activity: 70

Merit: 10

Quote from: Snard on January 01, 2014, 09:04:21 PM

Is there any info out there on the GPU mining of MMC? I know reorder posted about it in another topic, but it seems that there are enough pools offering it now that the source is most likely released somewhere.

What other pools offer GPU mining?

Delinquency

sr. member

Activity: 560

Merit: 250

Buy a card to pay it off in about 1.5 months ^.^ Buy a cpu to pay for its electricity costs Cheesy

I fixed the numbers so they make more sense...

badbonez

member

Activity: 70

Merit: 10

Quote from: Delinquency on January 01, 2014, 08:54:31 PM

Once GPU miners are done with MMC, profitability will be 5.8% of capital costs for CPU's.

Last night I calculated GPU R9 280x profitability to be 150% per month of costs. Now it is currently 138%. At this rate, I expect profitability to drop even lower for all MMC miners.

138% profit = $580 for $420 invested in the current month, all things remaining the same.

The market will find equilibrium at around 30% GPU profitability compared to if you had invested to mine litecoins (scrypt).

When MMC finds equilibrium with the coin market:
$420 GPU hardware costs should vary at $126 per month.
-$420 in CPU hardware costs accordingly should only profit miners at $26 per month (just around or below electricity costs)

Most importantly, CPU miners that actually do invest in new CPU's should find profitability drop to only 6% of hardware costs over a longer period of time.

Let's see how the coin plays out. Costs for GPU hardware are higher so for the marginalized, the difficulty should rise with smaller momentum at this level.

Nice analysis! (I don't understand any of it.

) - Care to translate to practicalities? I.e., Buy a card or not?

Snard

full member

Activity: 140

Merit: 100

Is there any info out there on the GPU mining of MMC? I know reorder posted about it in another topic, but it seems that there are enough pools offering it now that the source is most likely released somewhere.

Snard

full member

Activity: 140

Merit: 100

Quote from: Newmine on December 30, 2013, 11:12:46 AM

Some else look at this and tell me what you see. http://www.chainbrowser.com/memorycoin/address/MVTEceoTeDMmxFHcRbkMyJGN4ct7ULKkS6/

Bug in the explorer. Will get it fixed.

Delinquency

sr. member

Activity: 560

Merit: 250

Once GPU miners are done with MMC, profitability will be 9.6% of capital costs for CPU's.

Last night I calculated GPU R9 280x profitability to be 150% per month of costs. Now it is currently 136.5%. At this rate, I expect profitability to drop even lower for all MMC miners.

136.5% profit = $573 for $420 invested in the current month, all things remaining the same.

The market will find equilibrium at around 45% GPU profitability compared to if you had invested to mine litecoins (scrypt).

When MMC finds equilibrium with the coin market:
$420 GPU hardware costs should vary profits at $189 per month.
-$420 in CPU hardware costs accordingly should only profit miners at $40 per month (just around or below electricity costs)

Most importantly, CPU miners that actually do invest in new CPU's should find profitability drop to only 9.6% of hardware costs over a longer period of time.

Let's see how the coin plays out. Costs for GPU hardware are higher so for the marginalized, the difficulty should rise with smaller momentum at this level.
--fixed some #'s

agran

hero member

Activity: 910

Merit: 1000

Added field "usd/local currency"

http://agran.net/memorycoin2_calc.html

jae480

member

Activity: 81

Merit: 10

does anyone on here know what should be higher clock speed or memory when GPU mining this coin

I'm looking to maximze the potential of the GPU

PyroTekNeks

member

Activity: 70

Merit: 10

Quote from: eddilicious on January 01, 2014, 02:00:16 AM

Quote from: Delinquency on January 01, 2014, 01:53:30 AM

Quote from: eddilicious on January 01, 2014, 01:29:30 AM

Quote from: Delinquency on December 30, 2013, 08:12:21 PM

$100 per H/m is a bargain for CPU mining.
$20 per H/m is for GPU mining.
It is also 5X more efficient than CPU mining with the same capital cost.

GPU mining is 4 or more times more energy efficient than CPU mining.

This is not necessary true. Who is still doing CPU mining today? laptop users, the power consumption is <=90w from the wall, considering GPU users at least 250W for one.

To be fair, neither cpu nor gpu can overwhelm each other.

I was talking about the unit rate for watts consumed per h/m generated.

Laptops consume exceptionally less power and shouldn't really be used for computing because they are designed for mobility. They also have a substantially low mining rate.

from comparison chart, lots of laptop cpu looks ok.

Intel i7-3612QM 2.10Ghz : 2.17 hs/min 8 thread
i7 3610qm - 2,4 (8 thread)
i7-3630QM : 2.48

It's not necessarily the fact that they don't put out enough working power...it's the fact that cooling is always a problem. Laptops tend to get HOT. Even the battery. It puts a lot of stress on the system.

eddilicious

full member

Activity: 196

Merit: 100

Quote from: Delinquency on January 01, 2014, 01:53:30 AM

Quote from: eddilicious on January 01, 2014, 01:29:30 AM

Quote from: Delinquency on December 30, 2013, 08:12:21 PM

$100 per H/m is a bargain for CPU mining.
$20 per H/m is for GPU mining.
It is also 5X more efficient than CPU mining with the same capital cost.

GPU mining is 4 or more times more energy efficient than CPU mining.

This is not necessary true. Who is still doing CPU mining today? laptop users, the power consumption is <=90w from the wall, considering GPU users at least 250W for one.

To be fair, neither cpu nor gpu can overwhelm each other.

I was talking about the unit rate for watts consumed per h/m generated.

Laptops consume exceptionally less power and shouldn't really be used for computing because they are designed for mobility. They also have a substantially low mining rate.

from comparison chart, lots of laptop cpu looks ok.

Intel i7-3612QM 2.10Ghz : 2.17 hs/min 8 thread
i7 3610qm - 2,4 (8 thread)
i7-3630QM : 2.48

now, to other cpu users, like me, i still use p4 1.7, lga775 dual core and they all works fine. there is a big upgrade cost. but mining is a money game one way or another. when I was renting droplet hashing at 0.26, others were renting 32 Xeon cores from amazon, what is the difference.

Delinquency

sr. member

Activity: 560

Merit: 250

Quote from: eddilicious on January 01, 2014, 01:29:30 AM

Quote from: Delinquency on December 30, 2013, 08:12:21 PM

$100 per H/m is a bargain for CPU mining.
$20 per H/m is for GPU mining.
It is also 5X more efficient than CPU mining with the same capital cost.

GPU mining is 4 or more times more energy efficient than CPU mining.

This is not necessary true. Who is still doing CPU mining today? laptop users, the power consumption is <=90w from the wall, considering GPU users at least 250W for one.

To be fair, neither cpu nor gpu can overwhelm each other.

I was talking about the unit rate for watts consumed per h/m generated.

Laptops consume exceptionally less power and shouldn't really be used for computing because they are designed for mobility. They also have a substantially low mining rate.

eddilicious

full member

Activity: 196

Merit: 100

Quote from: Delinquency on December 30, 2013, 08:12:21 PM

$100 per H/m is a bargain for CPU mining.
$20 per H/m is for GPU mining.
It is also 5X more efficient than CPU mining with the same capital cost.

GPU mining is 4 or more times more energy efficient than CPU mining.

This is not necessary true. Who is still doing CPU mining today? laptop users, the power consumption is <=90w from the wall, considering GPU users at least 250W for one.

To be fair, neither cpu nor gpu can overwhelm each other in this coin. every cpu has excess computing power 10+ hours a day. every gpu is switching between to the moon, to the lottery, doge, kitty, lizard, gold fish, spider, mosquito ... every day.

seraphim_bts

newbie

Activity: 57

Merit: 0

Happy new year to everyone - take the chance to get started with MMC and take part in our new year's giveaway! https://bitsharestalk.org/index.php?topic=1831

AizenSou

hero member

Activity: 938

Merit: 1000

Quote from: seraphim_bts on December 30, 2013, 10:37:48 AM

While gpu miners can now mine MMC, it's still not much more effective than cpu mining. It's the same with PTS, there are gpu miners, but you can still take part with a cpu with an almost equal result

There's even one advantage: botnets won't be as profitable as now when a lot of gpu miners join

I'm out. With the new GPU miner all cores of my server don't stand any chance. I'm sad because I like MMC very much.

badbonez

member

Activity: 70

Merit: 10

Quote from: Delinquency on December 30, 2013, 07:46:37 PM

Freetrade,

With these numbers, I believe that Memorycoin 2.0 is NOT GPU resistant.

The R280x GPU can mine 22 HPM with a price at around $420.
That is around $20 per H/m. That is way too profitable for GPUs as opposed to CPUs.

The H/m equipment cost should be around $150 per H/m for CPU miners.
This is a big problem and I hope that you can correct this matter, either by forking MMC by using a new, more GPU resistant algorithm when starting Memorycoin 3.0.

I was looking into renting a dedicated server for a month, found one for ~$80 which has AES and will give me about ~5.5 h/m. Then I saw the h/m for the R9 280x is about 20+ h/m. Why would I invest $99 for 5.5 h/m when for 4x that amount I can get 4x the hash power? I bought the card.

I admit I am very new to crypto currency, and do not fully understand the mechanics and models FreeTrader talks about, but won't the card pay for itself in a month or so? Even with electricity costs? Or will declining prices and increasing difficulty make this card impossible to pay off?

(Naturally, as I GPU mine, I can CPU mine, so my total hashrate will be higher than just the GPU card)

Thanks.

I should note that ultimately, I am not in this for a quick profit. My ultimate goal is to mine and hold as many coins as I can, after paying off some of the investments and operating costs.

FreeTrade

legendary

Activity: 1470

Merit: 1030

Quote from: Riseman on December 31, 2013, 05:51:26 PM

Quote from: FreeTrade on December 30, 2013, 07:58:07 PM

Eventually the price of MemoryCoin should be the same as the electricity required to mine it. There's a window at the moment for profit, (because the knowledge is not widespread yet, and there is significant appreciation potential), but long term, things are working out exactly as intended.

Do you mean that the price will only drop over time? Because even the current price (which is quite low) is higher than the cost of electricity needed to mine the respective amount of MMC.

No, the difficulty should rise too, requiring more electricity/hardware per MMC mined, so the price should rise over time too. But miner profits should fall - those are temporary, enjoy them while you can. Investor gains should be more lasting.

Topic: [ANN] MemoryCoin | CPU Coin | Paid Dev Team | Limited Supply [MMC] - page 21. (Read 281387 times)