Topic: [ANN] Ravencoin [RVN] PoW GPU Mining | Asset Transfer Blockchain (Updated ANN) - page 228. (Read 1170617 times)

we're working on getting new wallets setup.  Once we get addresses I'll have them posted.

Agreed. But this coin was originally intended for the average jo miner. The current implementation makes its purpose obsolete and kinda pointless was what I was pointing out. I understand the big farmers with 10 rigs speculating this coin for profitability. My point was if the coin cant do what it was intended to do then its value will likely not climb either as its intended purpose is false. Sure I could point my rigs at it, but IMHO I would be wasting my time as the coins premise is false and IMHO I don't think it will gain value. Essentially the big rig farmers are doing to this coin exactly what ASIC's do.

Ravencoin was only CPU mineable in the beginning when there was no GPU miner released yet. Now there are thousands of miners with above average GPUs mining Ravencoin, all sharing a limited amount of block rewards.

You brought a GT 620 to a 1080 Ti farm fight.

Bitcoin has reached it's peak. RavenCoin is still ramping up. I'd rather risk my time on something that has room to improve rather than a coin that is stagnating and dropping. I don't need extra money, my real job pays me well. RavenCoin is an investment in the future.

Nicehash is mining you BitCoin, which went down over $1000 in value in the last week. Roughly 13% drop.

RavenCoin is at $0.04 a coin, it's expected (or hoping) to at the very least break $1 one day.

So while today you are making $4.50 on Nicehash, that $4.50 became $3.91 after that 13% drop. Even if it climbed back up to $8000, you're back to $4.50 and even if it went back up to $9000, then you $4.50 became $5.08.

$2.99 of Raven coin today at $0.04 could end up being $74.75 (at $1 per coin) one day. That's why RavenCoin is worth it for us to mine. Could it never happen? Definitely. No one thought BitCoin would shoot up to $21,000 a coin. I doubt Raven will ever get close to that. But what if it went to a measly $10? Now that $2.99 in raven coin you mined PER DAY is worth $747.50.

That's the risk I'm taking with RavenCoin. I'm not doing it for money today but money tomorrow.

If you were to mine for 1 BitCoin, at $4.50 a day, it would take you 1509 days to earn $6,791 (todays value) If you were to get RavenCoin and it simply went to $1 a coin (74 coin a day)  you would have only had to mine for 91 days to make the same $6,791. I know my math doesn't take into account difficulty increase, the point is to illustrate the difference in how to earn between BitCoin on NiceHash and mining RavenCoin.

I'd rather gamble on RavenCoin and earn as much in 91 days of mining then to play it safe and mine with NiceHash and have to wait 1509 days to earn the same potential amount.

So I got all excited about this coin. Its supposed to be minable with avrageish hardware, So I thought let's throw some junk I have laying around at it overnight and see what happens......

used:
I7-2600 cpu  16g of ram. normal mining it makes ~260h/s cryptonight $.18/day   
I7- 3770 cpu  16g of ram. normal mining it makes ~230h/s cryptonight $.16/day
nvidia gt 620 2g makes maybe 1-2 cent perday on nice hash lol( no I dont mine with this thing it was just laying around)


none of the miners I could find would even try to run the gt 620, kinda sux for a coin thats for lower end hardware.

results for around 10 hours of mining on both cpu on threeeyed pool:

0.33677807 rvn

what is that roughly 1/20th of what they would make on cryptonight? duno if the difficulty is just out of wack or what but this coin isn't remotely profitable or minable on " average hardware" as far as I can see. Its kinda to bad the concept was cool but unless this coin goes into the thousands per coin its not even a little profitable and most certainly not for the average jo miner.

Hello everybody, nice to be here in this new ANN.

I mined my first block the 01/03/2018 11:50 pm (Paris time) and mined 10 other blocks the days after (CPU mining, good old days ha), happy to see that the community is growing.

Keep up the good work !

Aha. Yes that is a understandable an gives perspective. The bad actors in this space that show up continuously makes me wonder what they really get out of ripping people off. Nothing really... just cash that they will waste and temporary self satisfaction that they tricked someone out of money.
I don't think this is the case with RavenCoin and they have just had a speed bump with the community leader. If they left it as was I think it would have been worse and had more attacks about not doing anything to rectify it.

If you started mining RVN in Jan you will have a big stash by now. I started this with the risk of it not being worth anything for a year so just holding as well and happy with it. I was enjoying the community but just waiting for all the mining questions to go away :-)

Not sure why you had to use the word "devs". Maybe you are misunderstanding the situation. There is no {{ devs get into "fight" and leaving, splitting ect }}. Ravencoin threads on this BitcoinTalk forum are like fan pages, created by enthusiasts. Actual developers are not going to spend time maintaining fan pages. They spend time developing.

2 missed payouts from Threeeyed pool today.

Unsure, not sure if pigeon being developed has something with this and will it turn into some messy thing, hope I'm way off...but, in general, I went into mining to help my sick brother who lost both kidneys with 34g, sold my car. Issue is I went in January this year, so I would be lying if money is not important for me, but I think it very much differs from greed that makes people do shitty things where people in a similar situation, for example, might end up screwed...I believe the tech can do amazing things, I believe in that...problem is rarely in tech. I will halve my efforts and hodl for time being

@shiggidy

I missed the walllet adress for core development and marketing in the first posting

So you in or out?
 I succumbed to this thinking in 2010 with Bitcoin and have about 1-2k BTC on an old laptop or it's removed hard drive somewhere in this world - probably a dump

Sorry I do not have any direct comparisons with Enemy miner as I do not personally run enemy miner.
Feel free to post some though if you can!

Yeah it depends. My set up is small and paid for so I can get away with mining at a loss without feeling it. If I had a lot of mining gear sucking down hundreds in electricity then I'd focus on immediate gains. Though even in that case I'd consider devoting at least a little hashing power towards coins I felt could have large increases in value.

Any suprminer for linux?

Interested, any comparison against other miners? I have been mining with Enemy/Suprnova, so far seems good, seems to be the most used Miner at the moment, at least on Ravenminer pool.

If you look it that way sure but future is unpredictible, its possible that btc will be 50k and also possible that year from now it will be 3k. Its also possible that this coin will be under 1 cent.. all is possible.. so i must look what is most profitable now and from my calculations nicehash is 35% more profitable.. also 2000 miners left suprnova rvn