Thanks ivanlabrie, bit.craft and dE_logics for the information. I'll check out what you said ivanlabrie. bit.craft - electricity here in Germany is like .25+ cents - expensive. Perhaps the Xeon's lower wattage is a better decision relative to the AMD's?
dE_logics - The difficulty may be high but that doesn't mean there are lots of miners out there. The difficult is a bit skewed due to the multiple algorithms used (I have heard). And, being that we are hitting the 247+ million mark of coins mined, it is likely the number of miners fall off.
How many connections should I see if my port is forwarded correctly? Even with my port forwarded BTC QT wallet, I only sometimes see 9 connections. (Usually 8 and that is bad)
Thanks in advance,
IAS
Yeah, Xeon is the most efficient powerful processors in the market. That's why they're priced so high. You may also consider VPS, but I seriously doubt the cost effectiveness..
Trust me -- the current difficulty (~5000) is sky high. And at best it'll go down to 3000. Mining Quark based alts, I've realized how much hashing power is required for this difficulty, so I can safely say the network is better off.
Also consider
this from my blog --
If someone is wanting to do a 51% attack on a CPU only crypto, his best shot is to buy a lot of VPS for a short period of time; and then it's to be noticed that CPU is something owned by everyone, graphics card and ASICs are not. So expect the difficult to be high cause a lot of people will be mining it. People easily buy a more expensive CPU cause it's generally useful, not only for mining which's the case with ASIC and partially with Graphics chips (in case the miner is not a gamer). So the crypto mining power will be more in the hands of the common people. It's also to be seen that the cost of VPS is mostly for the bandwidth available, not the CPU. The CPU model is not give in the most of the cases, giving a high risk factor. Also VPS cannot be sold off. So the attackers profitability relies completely by selling the coin who's price may decrease rapidly after the attack. Then check pointing makes things more difficult for him.
f almost all coins have already been mined and if there's limited mining of coins forever (like with 2) D)), then the incentive to mine will neither be high or low. If the coin is CPU only (i.e. complex hashing algorithm), then there'll be less initiative to make exclusive mining hardware, cause all coins have already been mined on the CPU. This's going to prevent a 51% attack further. Then people pool mine, they'll use their free CPU cycles to earn a little bit of money driving the difficulty up, further reducing the chance of an attack. This is very likely to happen cause everyone known they got a CPU, everyone has and there's no harm in using it to earn a little bit of money for almost no electricity cost (65W). So difficulty will be up, and still there'll be no incentive to make new mining hardware.
Although I do admit 1 to 2% inflation would've been a better idea. Then there's transaction fee also.
) could get ~930 kh/S (= ~175 kh/s X ~5.3) I will place an order in the next few days!