Cpu mining?
An i7-6700k does 0.85 Mh/s and the difficulty is 2088. That comes down to 0.32 coins per day if I'm not mistaken.
It's awful to mine even with GPUs.
An i7-6700k does 0.85 Mh/s and the difficulty is 2088. That comes down to 0.32 coins per day if I'm not mistaken.
It's awful to mine even with GPUs.
In fact, that is great news, as it means the coin is undervalued, and the price should jump up soon. If mining were cheap, miners would just dump on the market. While at the current situation, miners will not sell cheap, this is to the benefit of all us
there is something called fixed supply, it doesn't matter how many miners there are the same amount of coin will be produced, therefore unless you are talking about hype, the coin will not get any pump
Nope, I am not talking about hype. The thing is - to produce that same "fixed supply", now more electricity is being spent. So this makes the coin more expensive for all of the miners. Hence this should reflect on the coin price.
Or, alternatively, the hashrate will drop soon, and diff will go down. This is actually very likely scenario. But if it doesn't happen, price will jump.
Miners DO NOT determine market value. In no way, shape, or form. The market is generally free floating from mining with the exception of really small coins in which the emission rate effectively tanks the market.
See this all the time. It's actually pretty silly that people assume that mining has any sort of intrinsic value outside of securing the blockchain for investors. The coin will function with a gajillion miners or just one. Only people we're fighting against are eachother.
Thanks for regurgitating what you've heard while missing all the key points Amph. Can always count on you.
And private gpu farms win again. Djm released a unoptimized gpu miner, and optimized ones to private farms. Big guys win again.
I was actually thinking the other thing the other night while I was getting things ready... looked at GPU power usage and went 'yup, there are going to be a lot of private miners'. All else being equal, at the very least hashing power on a 1070 can be doubled without doing much of anything simply based on the power numbers I'm seeing. We've already seen this with Zcash. Probably a lot more then that.
