[ANN] MemoryCoin | CPU Coin | Paid Dev Team | Limited Supply [MMC] - page 22.

Delinquency

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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.

The supply drops over time. The price will find a way to go up. I believe the MMC market has already priced in GPU mining.

Riseman

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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.

reorder

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Activity: 462

Merit: 250

Quote from: r3wt on December 31, 2013, 08:29:31 AM

Quote from: seraphim_bts on December 31, 2013, 08:22:55 AM

Quote from: r3wt on December 31, 2013, 08:19:27 AM

ok, i installed memorycoin on my server, and it's gone rogue. no way to terminate the process. i really don't wanna reboot after i've already started 20 wallets... any work around for this rogue process? using Ubuntu 12.04

erm...kill it?

i've tried kill -9 , killall memorycoind kill `pidof memorycoind`

and nothing stops it. its gone all out rogue.

franko did the same thing yesterday, and goldcoin does on occasion.

Edit: NVM. the process was a zombie. after waiting a bit, it finally went away. Memorycoin has been initialized at OpenEx. we will have a launch thread as soon as we finish testing and are sure the system is stable enough.

Check your hdds/raidcontroller, it was stuck in some kernel call, most probably hanging i/o request.

r3wt

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Activity: 686

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always the student, never the master.

Quote from: seraphim_bts on December 31, 2013, 08:22:55 AM

Quote from: r3wt on December 31, 2013, 08:19:27 AM

ok, i installed memorycoin on my server, and it's gone rogue. no way to terminate the process. i really don't wanna reboot after i've already started 20 wallets... any work around for this rogue process? using Ubuntu 12.04

erm...kill it?

i've tried kill -9 , killall memorycoind kill `pidof memorycoind`

and nothing stops it. its gone all out rogue.

franko did the same thing yesterday, and goldcoin does on occasion.

Edit: NVM. the process was a zombie. after waiting a bit, it finally went away. Memorycoin has been initialized at OpenEx. we will have a launch thread as soon as we finish testing and are sure the system is stable enough.

seraphim_bts

newbie

Activity: 57

Merit: 0

Quote from: r3wt on December 31, 2013, 08:19:27 AM

ok, i installed memorycoin on my server, and it's gone rogue. no way to terminate the process. i really don't wanna reboot after i've already started 20 wallets... any work around for this rogue process? using Ubuntu 12.04

erm...kill it?

r3wt

hero member

Activity: 686

Merit: 504

always the student, never the master.

ok, i installed memorycoin on my server, and it's gone rogue. no way to terminate the process. i really don't wanna reboot after i've already started 20 wallets... any work around for this rogue process? using Ubuntu 12.04

Eastwind

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Activity: 896

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Quote from: FreeTrade on December 30, 2013, 08:43:01 PM

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

Selling your MMC at a discounted rate due to the lower rate of electricity required to generate it will eventually find a way to cut off CPU mining.

This is just my opinion for the matter.

It's a tough one to call - there are so many factors involved. What I see happening is that more and more GPUs and CPUs will start mining until profits are driven down . . . causing the GPUs to mine something else, leaving only the CPUs because they have nowhere more profitable to go.

If GPU mining is more power efficient, then CPU mining will be driven out of MMC mining, not other way around.

Is it possible to change the memory requirement (say 4GB instead of 1GB at present) so that it is still a CPU coin?

reorder

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Activity: 462

Merit: 250

Quote from: Abdel on December 31, 2013, 07:24:43 AM

Can we mine PTS using GPU miner for MMC 2.0?

Nope. I have a miner for PTS too, but I have sold exclusive rights on it to someone.

Abdel

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Can we mine PTS using GPU miner for MMC 2.0?

reorder

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Activity: 462

Merit: 250

Quote from: kaene on December 31, 2013, 03:58:48 AM

Quote from: FreeTrade on December 30, 2013, 08:43:01 PM

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

Selling your MMC at a discounted rate due to the lower rate of electricity required to generate it will eventually find a way to cut off CPU mining.

This is just my opinion for the matter.

It's a tough one to call - there are so many factors involved. What I see happening is that more and more GPUs and CPUs will start mining until profits are driven down . . . causing the GPUs to mine something else, leaving only the CPUs because they have nowhere more profitable to go.

GPU miners will drive profitability down to the point that this is as profitable as mining scrypt for them, but not less, that means 1/2 to 1/4 of the current profitability (haven't done the calculation but it should be easy), and at that point this coin may become profitable basically for GPUs and botnets only

And AWS will finally stop putting ridiculous limits on their instances which they had to introduce due to greedy and ignorant cloud miners? I feel like I serve the humanity with my miner then!

kaene

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Activity: 784

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Quote from: FreeTrade on December 30, 2013, 08:43:01 PM

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

Selling your MMC at a discounted rate due to the lower rate of electricity required to generate it will eventually find a way to cut off CPU mining.

This is just my opinion for the matter.

It's a tough one to call - there are so many factors involved. What I see happening is that more and more GPUs and CPUs will start mining until profits are driven down . . . causing the GPUs to mine something else, leaving only the CPUs because they have nowhere more profitable to go.

GPU miners will drive profitability down to the point that this is as profitable as mining scrypt for them, but not less, that means 1/2 to 1/4 of the current profitability (haven't done the calculation but it should be easy), and at that point this coin may become profitable basically for GPUs and botnets only

seraphim_bts

newbie

Activity: 57

Merit: 0

Quote from: jae480 on December 30, 2013, 08:57:56 PM

Quote from: FreeTrade on December 30, 2013, 08:43:01 PM

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

Selling your MMC at a discounted rate due to the lower rate of electricity required to generate it will eventually find a way to cut off CPU mining.

This is just my opinion for the matter.

It's a tough one to call - there are so many factors involved. What I see happening is that more and more GPUs and CPUs will start mining until profits are driven down . . . causing the GPUs to mine something else, leaving only the CPUs because they have nowhere more profitable to go.

Hi I have some memorycoins because I have protoshares. Now I'm just wondering what makes Memorycoin a viable cryptocurrency? I mean what makes memorycoin better than anything out there?

You can mine MMC with your cpu, and it has a voting system to award people for the development of the ecosystem.
Have a look at memorycoin.org for more information.

Regarding GPU mining: no one said this would never happen. 10x is a bit higher as expected, but CPUs are still in the game, and that's what it was about

FreeTrade

legendary

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Quote from: jae480 on December 30, 2013, 08:57:56 PM

Hi I have some memorycoins because I have protoshares. Now I'm just wondering what makes Memorycoin a viable cryptocurrency? I mean what makes memorycoin better than anything out there?

http://memorycoin.org/manifesto/

jae480

member

Activity: 81

Merit: 10

Quote from: FreeTrade on December 30, 2013, 08:43:01 PM

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

Selling your MMC at a discounted rate due to the lower rate of electricity required to generate it will eventually find a way to cut off CPU mining.

This is just my opinion for the matter.

It's a tough one to call - there are so many factors involved. What I see happening is that more and more GPUs and CPUs will start mining until profits are driven down . . . causing the GPUs to mine something else, leaving only the CPUs because they have nowhere more profitable to go.

Hi I have some memorycoins because I have protoshares. Now I'm just wondering what makes Memorycoin a viable cryptocurrency? I mean what makes memorycoin better than anything out there?

FreeTrade

legendary

Activity: 1470

Merit: 1030

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

Selling your MMC at a discounted rate due to the lower rate of electricity required to generate it will eventually find a way to cut off CPU mining.

This is just my opinion for the matter.

It's a tough one to call - there are so many factors involved. What I see happening is that more and more GPUs and CPUs will start mining until profits are driven down . . . causing the GPUs to mine something else, leaving only the CPUs because they have nowhere more profitable to go.

Delinquency

sr. member

Activity: 560

Merit: 250

Quote from: nomullet on December 30, 2013, 08:32:03 PM

You can undervolt the AMD 8350 quite a bit- mines @ 1.32v 4.4ghz, board says 111w. I'd test it against the plug but don't have a meter.

You can still understand that the power consumption is inefficient vs. GPU.

nomullet

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You can undervolt the AMD 8350 quite a bit- mines @ 1.32v 4.4ghz, board says 111w. I'd test it against the plug but don't have a meter.

FreeTrade

legendary

Activity: 1470

Merit: 1030

New windows binary -

https://drive.google.com/file/d/0B-5Ax5kejTpMYjA2aXRWZmRGbVk/edit?usp=sharing

Includes menu option to CPU mine on 1GH Pool

Delinquency

sr. member

Activity: 560

Merit: 250

Quote from: FreeTrade on December 30, 2013, 08:00:52 PM

Quote from: phrozenspite on December 30, 2013, 07:57:59 PM

if the mining hardware data linked from the memorycoin main page is accurate then my GPU is outperforming my CPU by a minimum of 10x

. . . and my bicycle is ten times as fast as my car!

My point is that the models are important. I think, per dollar, you might see 2X or 3X gains for GPUs performance wise. Might come at an energy-efficiency cost too.

$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.

Now the fact that you think the market will pull through:
Lower electricity costs pull down MMC/$.
The advance of technology will morph GPU efficiency and will become more efficient (Power Wise)
--This will be enough incentive to capitalize by buying GPU cards and mine at a cheaper electricity cost.

Selling your MMC at a discounted rate due to the lower rate of electricity required to generate it will eventually find a way to cut off CPU mining.

This is just my opinion for the matter.

surfer43

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Activity: 560

Merit: 250

"Trading Platform of The Future!"

How about CPU, GPU, and ASIC resistant Memorycoin 3?!!! Cheesy

Topic: [ANN] MemoryCoin | CPU Coin | Paid Dev Team | Limited Supply [MMC] - page 22. (Read 281393 times)