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Topic: [ANN][SHC] ShinyCoin █First ever RAMHOG algo Pow/Pos █NO ASIC/GPU | Whitepaper - page 28. (Read 58457 times)

legendary
Activity: 1302
Merit: 1001
ok thanks it works i had this before but i delete everything except the addnodes..that was the problem

but i dot get any connection in the wallet..it wont sync
legendary
Activity: 1092
Merit: 1000
can someone help me

i cant open the qt

error loading blkindex.dat

what can i do

delete everything except wallet in you appdata folder and try again.

That is not going to work mor..! Read the OP, you need to use the conf file from first post!
sr. member
Activity: 1036
Merit: 275
can someone help me

i cant open the qt

error loading blkindex.dat

what can i do

delete everything except wallet in you appdata folder and try again.
legendary
Activity: 1302
Merit: 1001
can someone help me

i cant open the qt

error loading blkindex.dat

what can i do
legendary
Activity: 1092
Merit: 1000
The problem is amazon has a limit on the number of spot instances. He has either raised those limits or has enough money to spend.



I know a few people with no limits on spot instances. Only restriction - available hardware Smiley
hero member
Activity: 616
Merit: 500
It's insane really, I have never seen such power.
250 amazon instances, no big deal..

Oh ok, those are Amazon IPs indeed, is it you?

No only idiots mine with amazon Smiley I'd say around 500 instances, $30/h. Lets see how long he sticks for Smiley

Aaand he left. Grin
legendary
Activity: 1092
Merit: 1000
It's insane really, I have never seen such power.
250 amazon instances, no big deal..

Oh ok, those are Amazon IPs indeed, is it you?

No only idiots mine with amazon Smiley I'd say around 500 instances, $30/h. Lets see how long he sticks for Smiley
hero member
Activity: 616
Merit: 500
It's insane really, I have never seen such power.
250 amazon instances, no big deal..

Oh ok, those are Amazon IPs indeed, is it you?
legendary
Activity: 1092
Merit: 1000
It's insane really, I have never seen such power.
250 amazon instances, no big deal..
hero member
Activity: 616
Merit: 500
It's insane really, I have never seen such power.
hero member
Activity: 616
Merit: 500
There is someone with crazy amount of hashing power mining at the pool : http://106.3.225.46/workers
This individual hashes at 140 H/s and rising, I'm going to have to increase the global difficulty so the pool can keep up.
sr. member
Activity: 258
Merit: 250
Cost in BTC to mine 1 SHC

I hereby go through the procedure of calculating the cost in BTC to mine 1 SHC.

For the example I will use the difficulty at block 2198 : 0.00003015

The example also assumes that 5 r3.2xlarge EC2 spot instances are used for mining, each one costing $0.0641/hr. It is assumed that each instance runs shinyminer with 3 ramhogthreads, producing a total of about 38hashes/min.

5 instances cost: 5 x $0.0641/hr = $0.3205/hr

5 instances produce a total hash rate: 5 x 38hashes/min = 190 hashes/min

Time to generate one valid block with 5 instances:

Number of hashes the instances should solve to generate 1 valid block: Difficulty x 2^32 = 0.00003015 x 4294967296 = 129493.2639744hashes/block

Time to generate 1 valid block on the 5 instances: 129493.2639744hashes/block / 190 hashes/min = 681.54min/block = 11.36hr/block

Cost per valid block: 11.36hr/block x $0.3205/hr = $3.64

Current reward per block is 400 SHC.

Cost per 1 SHC: $3.64 / 400SHC = 0,0091 $/SHC

Assuming the current USD/BTC exchange rate of 608, the cost of 1 SHC in BTC should be:

1 SHC = $0,0091 / 608 = 0.00001497 BTC ~ 1500 sat


PS1: Again corrections are welcome. Mining 1 SHC on physical boxes at home would probably cost less.

PS2: This should not be considered a price for trading the coin. It is the cost at miner level at the time of writing. 1 SHC will cost you more/less to buy depending on supply and demand. Wink


Nice work. Good to have some kind of comparison.

newbie
Activity: 28
Merit: 0
I hope this coin gets to one good exchange asap.
legendary
Activity: 966
Merit: 1009
Cost in BTC to mine 1 SHC

I hereby go through the procedure of calculating the cost in BTC to mine 1 SHC.

For the example I will use the difficulty at block 2198 : 0.00003015

The example also assumes that 5 r3.2xlarge EC2 spot instances are used for mining, each one costing $0.0641/hr. It is assumed that each instance runs shinyminer with 3 ramhogthreads, producing a total of about 38hashes/min.

5 instances cost: 5 x $0.0641/hr = $0.3205/hr

5 instances produce a total hash rate: 5 x 38hashes/min = 190 hashes/min

Time to generate one valid block with 5 instances:

Number of hashes the instances should solve to generate 1 valid block: Difficulty x 2^32 = 0.00003015 x 4294967296 = 129493.2639744hashes/block

Time to generate 1 valid block on the 5 instances: 129493.2639744hashes/block / 190 hashes/min = 681.54min/block = 11.36hr/block

Cost per valid block: 11.36hr/block x $0.3205/hr = $3.64

Current reward per block is 400 SHC.

Cost per 1 SHC: $3.64 / 400SHC = 0,0091 $/SHC

Assuming the current USD/BTC exchange rate of 608, the cost of 1 SHC in BTC should be:

1 SHC = $0,0091 / 608 = 0.00001497 BTC ~ 1500 sat


PS1: Again corrections are welcome. Mining 1 SHC on physical boxes at home would probably cost less.

PS2: This should not be considered a price for trading the coin. It is the cost at miner level at the time of writing. 1 SHC will cost you more/less to buy depending on supply and demand. Wink


Nice estimation.
I'd like to buy 10,000 SHC at the price of 3000 sat. I will pay 0.3btc for 10,000 SHC.
hero member
Activity: 616
Merit: 500
I have a solution that will allow you to run multiple wallets (the more, the slower the overall syncing), while still using 15 GB RAM in total.
OR - run a wallet from machine that has LESS than 15 GB RAM, provided that you have access to a remote machine with >= 15GB RAM.
More info will follow soon.
full member
Activity: 146
Merit: 100
This thing will lock up your computer even if gen is set to 0. WTF. Shittiest shit coin ever.
full member
Activity: 625
Merit: 100
Set up shinycoind and now waiting for it to sync.


Still block 992. Too fucking slow...

EDIT: stopped it. If anyone has info about a problem, please share.


sync is slow... maybe cost 1 hour~~
full member
Activity: 625
Merit: 100

IMO, it would be better to try to add the coin to a small exchanger.

The trade threading is needed while there is no exchanges~~~
sr. member
Activity: 258
Merit: 250
Seems like something is wrong with the online wallet.
Doesn't show any status, just looks like its loading the balance but does not complete it.


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