ill spell it out for the NOOBS who keep trying to configure their miners...
if you arent already mining with GPUs then mining is pointless...
{
"blocks" : 1228,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 718.44022474,
"errors" : "",
"generate" : true,
"genproclimit" : 8,
"hashespersec" : 224755,
"networkhashps" : 114016116863,
"pooledtx" : 2,
"testnet" : false
}
I have a corei7 running the daemon mining on ALL 4 cores... at 224Kh
the network hash rate is 114 GH 114,016,116,863
that means there is 500,000 times more hashing power than my MEASLY PC in just one day.
don't be fooled.. there are VERY LIKELY - GPU Farms and botnets mining this coin from day 1.
96 coins per block, block time 2 every minutes = 2 * 60 * 24 * 96= 276,480 coins PER DAY.
this means that with a setup like this I should be getting .55 MAX a day.... and that's only IF I was mining in a pool.
mining outside of a pool i would probably be able to mine 1 block (96 coins) successfully every 174 days.
as you can see by this example.. CPU MINING is already unprofitable on the first day...
this clearly demonstrates that there has been NO FAIR DISTRIBUTION
that is why this COIN is a GIANT FAIL for anyone other than a BOTNET operator of someone with a MINING FARM and a whole lot of belief in MAX Keiser and a couple of wanna be charlie shrems..
if you see a problem with the math above please let me know.. I am just going off what I can see on my screen.
CHEERS
if you arent already mining with GPUs then mining is pointless...
{
"blocks" : 1228,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 718.44022474,
"errors" : "",
"generate" : true,
"genproclimit" : 8,
"hashespersec" : 224755,
"networkhashps" : 114016116863,
"pooledtx" : 2,
"testnet" : false
}
I have a corei7 running the daemon mining on ALL 4 cores... at 224Kh
the network hash rate is 114 GH 114,016,116,863
that means there is 500,000 times more hashing power than my MEASLY PC in just one day.
don't be fooled.. there are VERY LIKELY - GPU Farms and botnets mining this coin from day 1.
96 coins per block, block time 2 every minutes = 2 * 60 * 24 * 96= 276,480 coins PER DAY.
this means that with a setup like this I should be getting .55 MAX a day.... and that's only IF I was mining in a pool.
mining outside of a pool i would probably be able to mine 1 block (96 coins) successfully every 174 days.
as you can see by this example.. CPU MINING is already unprofitable on the first day...
this clearly demonstrates that there has been NO FAIR DISTRIBUTION
that is why this COIN is a GIANT FAIL for anyone other than a BOTNET operator of someone with a MINING FARM and a whole lot of belief in MAX Keiser and a couple of wanna be charlie shrems..
if you see a problem with the math above please let me know.. I am just going off what I can see on my screen.
CHEERS
You sorta forgot to note that the wallet miner is awful, and you can easily get 6 MH/s with a normal CPU.
