Topic: [ANN][UPDATE][NEOS]Neos v2.1- Blowfish, 2FA, Theft Recovery, Decoy System - page 11. (Read 169273 times)

Can you please elaborate? What are these mining rig rentals? Please P.M. me so we won't make unnecessary advertising for services on this thread.

Thank you very much,

Beli

It was more or less designed this way so that it wasn't incredibly easy to just mine->dump 

i point my miners to mining rig rentals (mark them as unavailable if you dont want to rent them out) then i switch all miners with 1 click from home or from my smartphone using their 5 pool 1 click switch setup.
There are other programs/ways to do it but this is one way.
Takes a few minutes in total daily.

Do you have a software that does that? I'm at work about 10 hours a day, then, before I go to sleep I like to keep reading fantasy and put all my last thoughts into writing on my porn science fiction novel. Then, during the day I eat, I shit and casually talk to my wife. Changing parameters to the miners more than once in a fortnight is a thing I dread as much as my old parents' impending mental diseases.

Beli

I will post hashrates for different difficultys like 3 millions and 26 million later, compare yourself see if its worth mining 24/7.
Maybe 90% of SHA blocks is produced during just an hour or two during the day.
I just check difficulty, if its dropping i repoint at 12 millon or so then 20 minutes later when the dip is over and it is up at 10 millions or so i mine something else.
So do 90%+ of NEOS SHA miners atm, those that mine 24/7 are just fools waisting energy.
Mine 90% BTC/whatever and 10% NEOS (in time) each day and you make easy 2-3 times as many NEOS.
+ your buy support counteracts the constant dumping by the multipools/large rig owners with no intention on holding.
The whole 5 minute block time and 25%+ up and down goes fucking bananas each time a SHA block gets stuck at 26 million + for a few hours and it gets stuck
cause 90% of miners jump in/out.
F:ex a 10 NEOS block reward and 1 minute block time would give all algos a stable difficulty.
Now its just down to repoint your mining gear or your rental rig at the right time of the day and it will remain like that until NEOS exchange
value motivates a 200-300TH/S 24/7 steady hashrate not 10% 24/7 and 90% peak as it is at the moment.

what he is saying is flatout lies
http://www.verters.com/mining-breakdown/neoscoin
if you scroll down you can see the breakdown of the last blocks found and the percent of each algo from the whole that found the block. as you can clearly see, the 'sha' algo is not 'raping' anything, and the 3 algos are working quite well.

Block   Validity   Finder   Time   Difficulty   Amount   Expected Shares   Actual Shares   Percentage
11105   113 left   netneos14   09/16/2014 07:05:33   7,319,766.7953   50.00   7,319,767   1,497,940   20.46
11094   102 left   CTYankee   09/16/2014 06:57:49   3,968,264.0273   50.00   3,968,264   16,283,704   410.35
11072   80 left   dentldir   09/16/2014 06:00:12   11,493,177.7616   50.00   11,493,178   12,848,641   111.79
11065   73 left   grassfunk   09/16/2014 05:21:22   10,036,374.3878   50.20   10,036,374   9,153,957   91.21
11051   59 left   The_Prof   09/16/2014 04:58:25   4,088,359.7422   50.00   4,088,360   790,035   19.32
11048   56 left   anonymous   09/16/2014 04:56:30   5,110,435.4258   50.00   5,110,435   1,982,543   38.79
11031   39 left   marcosgoldd   09/16/2014 04:50:00   9,981,252.5015   50.00   9,981,253   33,758,474   338.22
11021   29 left   marcosgoldd   09/16/2014 03:22:47   19,494,589.5489   50.00   19,494,590   18,028,114   92.48
11003   11 left   anonymous   09/16/2014 02:36:31   24,368,236.9362   50.00   24,368,237   46,260,287   189.84
10991   Confirmed   guinness336   09/16/2014 00:40:52   22,844,747.4612   50.00   22,844,747   1,154,404   5.05
10988   Confirmed   pcketsfull   09/16/2014 00:37:42   13,112,639.8397   50.00   13,112,640   11,085,101   84.54
10972   Confirmed   yidudian10   09/16/2014 00:08:38   3,111,675.1350   50.00   3,111,675   7,379,620   237.16
10953   Confirmed   The_Prof   09/15/2014 23:50:33   5,844,801.5871   50.00   5,844,802   222,973   3.81
10951   Confirmed   HunterS   09/15/2014 23:50:00   9,132,472.1378   50.00   9,132,472   26,554,973   290.78
10936   Confirmed   anonymous   09/15/2014 22:44:53   4,952,121.8356   50.00   4,952,122   3,631,696   73.34
10927   Confirmed   marcosgoldd   09/15/2014 22:35:39   5,489,048.5633   50.00   5,489,049   3,063,255   55.81
10925   Confirmed   Muppet69   09/15/2014 22:27:34   8,576,603.5910   50.00   8,576,604   1,620,809   18.90
10923   Confirmed   fatale80   09/15/2014 22:23:46   10,720,712.6754   50.00   10,720,713   14,721,275   137.32
10909   Confirmed   grassfunk   09/15/2014 21:47:19   16,750,888.9753   50.00   16,750,889   72,666   0.43
10908   Confirmed   dentldir   09/15/2014 21:46:25   20,938,371.9708   50.00   20,938,372   51,188,192   244.47
10873   Confirmed   marcosgoldd   09/15/2014 19:57:54   15,703,704.2142   50.00   15,703,704   19,263,986   122.67
10857   Confirmed   anonymous   09/15/2014 19:18:26   6,755,604.2012   50.00   6,755,604   360,975   5.34
10855   Confirmed   CTYankee   09/15/2014 19:17:20   8,444,466.3376   50.00   8,444,466   2,292,809   27.15
10854   Confirmed   vegascompudoc   09/15/2014 19:12:01   10,555,522.1198   50.00   10,555,522   763,861   7.24
10853   Confirmed   anonymous   09/15/2014 19:10:09   13,194,307.6473   50.00   13,194,308   10,011,023   75.87
10850   Confirmed   marcosgoldd   09/15/2014 18:48:37   16,492,835.0793   50.00   16,492,835   6,210,303   37.65
10849   Confirmed   guinness336   09/15/2014 18:36:33   20,616,043.8491   50.00   20,616,044   51,514   0.25
10848   Confirmed   grassfunk   09/15/2014 18:36:32   25,769,813.2133   50.00   25,769,813   34,145,532   132.50
10831   Confirmed   marcosgoldd   09/15/2014 17:27:58   14,495,074.0321   50.00   14,495,074   906,927   6.26
10829   Confirmed   Muppet69   09/15/2014 17:26:07   10,871,233.8642   50.00   10,871,234

First, thank you RedZep for explaining. Secondly, I thought there was no raping going on in the mathematics of crypto and had no idea that the stronger participant gets the bulk of the blocks. I think I will prohibit my miners from wearing perfume at work from this day on. It's not that I care about them, I'm just jealous right now they have a bigger capon.

Beli  

what he is saying is flatout lies
http://www.verters.com/mining-breakdown/neoscoin
if you scroll down you can see the breakdown of the last blocks found and the percent of each algo from the whole that found the block. as you can clearly see, the 'sha' algo is not 'raping' anything, and the 3 algos are working quite well.

First, thank you RedZep for explaining. Secondly, I thought there was no raping going on in the mathematics of crypto and had no idea that the stronger participant gets the bulk of the blocks. I think I will prohibit my miners from wearing perfume at work from this day on. It's not that I care about them, I'm just jealous right now they have a bigger capon.

Beli  

Your avoiding the actual discussion now.
And the "no mine" option would most likely go for 99% of people pretty 90+ of the time pretty soon.

you do realize there are 3 algos yes? you do realize that if YOU dont think its personally worth it to mine you have choices
1) don't mine, noone is forcing you.
2) mine a different algo.

Your out of line now YAK.
Worst fucking comparison ever, are you drunk?
Show me last time Bitcoin difficulty fluctuated almost 2000% in a few hours..
Show me ANY other successful coin with a mining difficulty that swings 2000% 5-6-7-8 times / day.
I take your reply as you guys are happy with how blockchain retargets and readjust.

those poor poor early adopters of bitcoin when bitcoin didn't even have a price.... i bet they are miserable now with thousands of bitcoins.

so thats what people mean when they say 'its an investment'

Sounds a little low. Back-of-the-envelope empirically-based calculation: somewhere around 100 coins per terahash per day. That would make it equal to BTC at a price of 16800 sat. Not that different from PPC or WKC or a few other reputable coins either. So at this point it doesn't matter all that much what you mine among the reputable coins, you can tweak it to maximize profit but unless you have a huge mine you probably won't get the cost of your labor back.

Sounds a little low. Back-of-the-envelope empirically-based calculation: somewhere around 100 coins per terahash per day. That would make it equal to BTC at a price of 16800 sat. Not that different from PPC or WKC or a few other reputable coins either. So at this point it doesn't matter all that much what you mine among the reputable coins, you can tweak it to maximize profit but unless you have a huge mine you probably won't get the cost of your labor back.

With about ~45Th/s I'm getting ~25-30 blocks a day...

yeah it'll get less lucrative I would imagine. Just picked up 8 blocks in the past 20 mins...

Yes exactly. Who carry you when its not profitable!? Soon... No one..