Topic: [ANNOUNCE] Ixcoin - a new Bitcoin fork - page 8. (Read 128457 times)

I paid $300 per lancelot and yes unless you buy this month they will no longer be worth it. They already take over 6 months to break even. I do it more for fun than making money.

I don't keep track of the alt chains, its just a bonus to me. 20 lancelots take 600 watts so you can calculate your kwh price.

I don't think butterfly will ship until a year or two if ever.

Thanks a lot bro, nobody has mentioned these and I've been asking for an entire month for any alternatives. 

Can you give me some person info so I can see if it's worth it.  They're saying they cost about $350 PER lancelot piece.  that's for 400MH.  Butterfly Labs sells a 5GH unit for $278 ( I have 3 on order) which (each one) is nearly 12 times more powerful than 1 $350 Lancelot and reviewers say the asic chips can be overclocked as they're now coming underclocked to reduce energy usage which I don't care about or they're saying instead of 1 ASIC chip which can do the 5GH job with easy, to cut down on energy consumption they're instead going t put 2 asic chips in each unit but way underclock them so then by overcloking these 5GH butterfly units you can easily get double or more than the adversized speeds.  But I'm not sure I have the skills to overclock, but if possible I would definitely pay someone to do it for me.

Of course the HUGE problem is who knows how long before Butterfly actually ships but when they do there's gonna be hundreds of thousands of asics machines on the market all at once so the bitcoin difficulty will go much higher (double to triple) so if you're getting .30 right now per day that's about $1200 per month in just BTC which is not bad but with but that can get cut in half or worse in a matter of a few months.

Now it may be that with a double in Difficulty (which is the minimum I'm expecting) the price per coin may also go up to also double or maybe more, but that's no guarantee which would mean your earnings could get cut in half which, after energy costs, it would suck.  Honestly, as real hype picks up and massive asics machines start mining I can see bitcoins going to some ridiculous level which would then also bring up all of the other coins with it.  And the best ones out there are the ones you're holding.  So smart move to hold on to them.

So now the big questions.  You have 20 lancelots - how much is your electric bill per month?  So you really paid $7,000 for 20 units?  Wow man, that's crazy but I guess if you bought them a few months ago you're close to getting your money back.  Good for you.

But with asics so close to or already hitting the market (Avalon, Butterfly, Cryonic, etc) I'd be really worried to order now and not even get them until june or july which is when Butterfly promises to ship mine but that's not for sure. 

Finally, about how many actual coins of IXcoins, Devcoins (after you pay the mandatory 90% fee for devcoin to the developers), and Namecoins do you get per month on top of your bitcoins.  Cause those are the top coins I'm accumulating so if those are being mined in any meaningful number, not dollar value, but just amount of coins, that may be worth it later on as I expect all of these coins to go up considerably.  So if you could give me a ballpark figure how much 20 lancelot units mine of the latter 3 coins in total coin amounts per month that would really help me make a decision, cause, like you, I wouldn't sell them either but rather hold on to them for later on.  $7,000 is way out of my affordability right now but I may bee able to start with 5 or 10.  Thanks for you help.

Vlad

Look up user blackarrow for lancelot.

I'm saying if you use my p2pool, in my signature, it merged mines but I keep the merged mine, you only get btc. 0% fee. If you setup your own p2pool you can keep all four coins.

You say you merge mine but then say you can use mine but you only get BTC and then that you keep dvc, ixc and nmc.  I think it's a good idea to keep the latter 3 as they'll probably go up.  But using your pool, do you get all 4 or not?

Also, what is the 20 lancelot you're talking about.  8GH is not bad at all I'm just wondering what it is, how much it costs and how much Watts is draws down.  Thanks.

http://dot-bit.org/Merged_Mining

It's that easy. Many people don't merged mine. Idk why. Slush pool had nmc but removed it so I left. It's a free 10% bonus.

I get .3 btc per day. You only need one client. It doesn't know or care if you merged mine or not.

 Maybe that pool is down Idk I don't use it. Make your own p2pool. You can use mine but you only get btc, I keep the dvc, ixc, nmc.

I can't register here. Seems offline for the last 2 days at least?

It's that easy?  Don't I have to run 4 different mining software (clients)?  That's the complicated part.  I wish someone would just make like 1 miner for all 4.

And what is 20 Lancelot?  Also, what coins do you find in any given month, I'd like to see the cost benefit to your 20 lancelots?  Like how many bitcoins, devcoins, ixcoins, namecoins, etc.  thanks again.

Cause until my ASICS gets here I'd like to get something running but the $1700 computer I bought with 2 ATI 7850's was worthless.  I'm trying to find a better solution but besides ASICS I can't find one.

http://mmpool.bitparking.com/register

I'm using 20 lancelot for 8 ghs. You can't merged mine ltc, you can't even mine ltc on fpga or asic.

That's great.  I'm now signed with give-me-ltc.  But I don't think you can merge mine there.  What's the easiest one to use (merge miner).  I'm not very computer literate.  I hope to get my ASIC miners from butterfly by July, that's what they promised but I'm not holding my breath.  I just ordered my 3rd one, 5Gh miner.  I heard you can over clock it to 10GH but that might take a while to so cause I wouldn't wanna try to so it myself.  But for now I'd be happy worth just 2 if not 3 5GH butterfly rigs. Once these rigs hit the market the difficulty is gonna double or triple overnight but the price of bitcoin should also increase.

Can I ask, what rig are you using and what all coins are you getting per month.  TIA

Yes setup your own p2pool, using mine would give me the extra merged mining. Or there's a pool with btc, nmc, ixc and dvc

YEs gpu, fpga and asic can all do it.

How do you do that.   I'm hoping to get my butterfly asic miners will I be able to merge mine with those units?  I mean they say they're only made to mine bitcoin but that would be a blow I want to mine especially NMC, DVC and IXC.  I really hope there's an easy interface to bulk mine all of these with an ASIC machine cause GPU's don't do jack.  TIA

But I agree, IXcoin is out of favor, not dead.  It's being merge mined and it will find a new following soon given the low number of coins.  and yes that matter cause once interest picks up there only going to be a very limited number of coins and just right now their fair value compared to Bitcoin and many other alt currencies is at leat $1.50.  That's a huge 150 fold, 15,000% spike in Apreciation and it could happen in under 30 days like it did with Namecoin.  I just hope these asic machines can be hacked to be able to merge mine, at least.   TIA

You also forget, coins like nmc ixc will never die because they are merged mined. I mine btc, nmc and ixc all the same time.

IXcoin is dead - why would the value go up? There's no future prospects for it. Amount of coins means relatively little, it is the current demand that determines price.

And Bitcoin has no real value? I don't know where to begin. There's been plenty of infrastructure built around Bitcoin in the past year, future prospects are looking good...

You answered your own question. To buy other coins. Nite what coin you choose is personal. Maybe ixcoin was egg first someone came across, etc.

Can anyone who has been here a while explain this to me?  In stocks there's value based on fundamentals. But since these coins have no business plans and no revenues there's no way to value them so you go off how rare they are, supply and demand model.

Ok then.

So how is feather coin worth $.10, 10 times what ixcoin is selling for, while at thre same time having nearly 15 times as many coins - 380 million to Ixcoin's max 21 million.

So why isn't ixcoin trading at parity with feathercoin which would put it at $1.50? This makes no sense.

Am I missing something here or is this a huge opportunity to buy more IXcoin. I'm now up to 41,000 iXcoin.  I paid about $420 for them.  Roughly 2.5 bitcoins and I see it as less risky since bitcoin's value is enormous given it has no real value, no real business plan and no future earnings.  You'd have to be nuts to buy bitcoin at $120 for any reason other than a short term trade or to buy other coins with it.

I don't have an exact figure, but it was definitely MUCH higher before.

Ixcoins are merge-mined with Bitcoins, just like Devcoin and Namecoin, so while it's abandoned it still has over 2TH/s. That said, I don't think anyone will be using ASIC to only mine Ixcoins.

With the current low price, one can buy about 10k IXC for one BTC. In the worst case, he'll lose 1 BTC, but on the upside the gain could be enormous. 

I think the single, most effective way to "revive" the coin is to have more exchanges adopting it. 

Anybody know how much iXcoin was selling for in the past?  On top of buying more devcoins I bought 22,000 iXcoins and I have an order in for 18,000 more and I paid $.01.  I remember 3 days ago the bid was $.03 so for some reason it dropped quite a bit.

It's more of a gamble at this point, a supply/demand play, based on the fact the supply is so limited.  Although the coin itself has been abandoned it's still "in-play", it's still live as anyone can still buy it and trade it. And if my feeling is correct and soon or eventually many more people will be using ASICS to mine (I already ordered 2 rigs from Butterfly Labs) and with only 21 million coins it would take much at all to cause the price to really spike.