[ANN][YAC] yacoin: yet another altcoin. START is now. - page 25.

WindMaster

sr. member

Activity: 347

Merit: 250

Quote from: Vycid on May 11, 2013, 12:01:41 AM

Well, even if it's 100% profit, I'm kinda burned out so I'm done.

LOL, I had indeed suspected there were quite a lot of us using Amazon EC2 for Yacoin mining. I just shut down most of my instances as well, including c1.xlarge's in the Virginia data center.

Quote from: Vycid on May 11, 2013, 12:01:41 AM

I'm going to post a quick guide for anyone still thinking about doing some AWS mining. Note that this is a fairly primitive method, and I'm only putting it here because it's so easy anyone can do it.

First, you need to start a single instance of Ubuntu 12.04.1 LTS, either for server or cluster - doesn't matter. Then SSH into it (don't forget to set your security settings to allow your SSH!). I'll add the detailed instructions for this later - but honestly, AWS is pretty simple, I think anyone can figure it out.

Once your SSH connects, enter the following 3 commands in sequence:

Alternative approach, or at least this is what I did, get one instance all nice and set up, with /etc/rc.local firing up yacoind. Pre-seed yacoin.conf with the desired options and addnode= options to form your own highly interconnected low-latency mesh within the Yacoin network, run yacoind to create the wallet.dat file and download the blockchain. Then stop the instance, create an AMI out of it, and then proceed to spawn massive numbers of spot instances off that AMI. All of the instances then mine to the same wallet mining address, automatically when they boot up, with no need to individually SSH into them. Pretty nice now that Amazon lets you copy AMI's between their data centers.

xibeijan

legendary

Activity: 1232

Merit: 1001

Quote from: Vycid on May 10, 2013, 11:22:36 PM

My thoughts on all this:

We've reached the point where AWS EC2 spot instances for mining YAC are no longer profitable (I know, since I just shut down 40 extra large clusters). That means from here on out mining is going to start being done by people who own their hardware (read: everybody with a CPU).

That's a good thing, because it's properly decentralized. It's much harder to run a CPU farm as cost-efficiently as a GPU farm (you certainly can't have 6 consumer-grade CPUs per motherboard, and server hardware is expensive).

Meanwhile, the people with the largest YAC stacks are people who fired up server clusters to mine the crap out of it early on. The people with the insight and skill to do that will largely have been developers.

If most of the YAC is owned by developers, there's a huge motive to develop applications for YAC to see it succeed.

So we've got a properly decentralized currency with built-in developer support.

See you guys on the other side of 50 LTC/kYAC.

+1

super3

legendary

Activity: 1094

Merit: 1006

Quote from: shaal on May 11, 2013, 01:53:44 AM

Quote from: super3 on May 11, 2013, 01:33:04 AM

I'm actually working with a hosting provider right now, that might let me do custom instances with large amounts of CPUs. Let me redo my math here, and you guys can check it.
The pool I am using says I'm getting 53.596 yac/day and I am mining 328 k/s. So that means 0.1634 yac per day/per hash.
A core earns about ~25 khash/s. So a core would be worth 4.085 yac per day, and 122.551 yac per month.

Current average exchange rate at 30 LTC per 1K yac is 0.03 yac/ltc. So thats about 0.12 ltc per core/per day. It costs at least 2ltc/month to rent a single core.
So you would break even at day 16(about halfway through the month).

So basically you would earn just a little less than 2x what you put in at current prices and difficult as long as you don't use aws.
Basically use my 0.12 ltc per core/per day vs whatever your own ltc per core/per day cost is to get your profit.

Anyone want to work with me on this? Its currently setup and mining. Just want to buy way more cores.

Remember the difficulty is going up very quickly, so gotta take that into account!!

No problem it is a cloud server. I can just reduce the number of cores to 1 when its no longer profitable.

shaal

member

Activity: 112

Merit: 10

Quote from: super3 on May 11, 2013, 01:33:04 AM

I'm actually working with a hosting provider right now, that might let me do custom instances with large amounts of CPUs. Let me redo my math here, and you guys can check it.
The pool I am using says I'm getting 53.596 yac/day and I am mining 328 k/s. So that means 0.1634 yac per day/per hash.
A core earns about ~25 khash/s. So a core would be worth 4.085 yac per day, and 122.551 yac per month.

Current average exchange rate at 30 LTC per 1K yac is 0.03 yac/ltc. So thats about 0.12 ltc per core/per day. It costs at least 2ltc/month to rent a single core.
So you would break even at day 16(about halfway through the month).

So basically you would earn just a little less than 2x what you put in at current prices and difficult as long as you don't use aws.
Basically use my 0.12 ltc per core/per day vs whatever your own ltc per core/per day cost is to get your profit.

Anyone want to work with me on this? Its currently setup and mining. Just want to buy way more cores.

Remember the difficulty is going up very quickly, so gotta take that into account!!

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: super3 on May 11, 2013, 01:33:04 AM

I'm actually working with a hosting provider right now, that might let me do custom instances with large amounts of CPUs. Let me redo my math here, and you guys can check it.
The pool I am using says I'm getting 53.596 yac/day and I am mining 328 k/s. So that means 0.1634 yac per day/per hash.
A core earns about ~25 khash/s. So a core would be worth 4.085 yac per day, and 122.551 yac per month.

Current average exchange rate at 30 LTC per 1K yac is 0.03 yac/ltc. So thats about 0.12 ltc per core/per day. It costs at least 2ltc/month to rent a single core.
So you would break even at day 16(about halfway through the month).

So basically you would earn just a little less than 2x what you put in at current prices and difficult as long as you don't use aws.
Basically use my 0.12 ltc per core/per day vs whatever your own ltc per core/per day cost is to get your profit.

Anyone want to work with me on this? Its currently setup and mining. Just want to buy way more cores.

Whoa! You're going to rent servers for a month??? Don't do that! The difficulty is going up exponentially, you're going to lose money!

super3

legendary

Activity: 1094

Merit: 1006

I'm actually working with a hosting provider right now, that might let me do custom instances with large amounts of CPUs. Let me redo my math here, and you guys can check it.
The pool I am using says I'm getting 53.596 yac/day and I am mining 328 k/s. So that means 0.1634 yac per day/per hash.
A core earns about ~25 khash/s. So a core would be worth 4.085 yac per day, and 122.551 yac per month.

Current average exchange rate at 30 LTC per 1K yac is 0.03 yac/ltc. So thats about 0.12 ltc per core/per day. It costs at least 2ltc/month to rent a single core.
So you would break even at day 16(about halfway through the month).

So basically you would earn just a little less than 2x what you put in at current prices and difficult as long as you don't use aws.
Basically use my 0.12 ltc per core/per day vs whatever your own ltc per core/per day cost is to get your profit.

Anyone want to work with me on this? Its currently setup and mining. Just want to buy way more cores.

barwizi

legendary

Activity: 882

Merit: 1000

Quote from: gica_contra on May 11, 2013, 01:04:56 AM

Why does it say the site is down when I try to download the client? Angry

there was a limit to the number of people who can download it, sorry. Tongue

but nah, jus spam that refresh button.

gica_contra

sr. member

Activity: 350

Merit: 250

Why does it say the site is down when I try to download the client? Angry

jdebunt

legendary

Activity: 1596

Merit: 1010

Quote from: Vycid on May 11, 2013, 12:01:41 AM

Well, even if it's 100% profit, I'm kinda burned out so I'm done.

I'm going to post a quick guide for anyone still thinking about doing some AWS mining. Note that this is a fairly primitive method, and I'm only putting it here because it's so easy anyone can do it.

First, you need to start a single instance of Ubuntu 12.04.1 LTS, either for server or cluster - doesn't matter. Then SSH into it (don't forget to set your security settings to allow your SSH!). I'll add the detailed instructions for this later - but honestly, AWS is pretty simple, I think anyone can figure it out.

Once your SSH connects, enter the following 3 commands in sequence:

wget https://downloads.sourceforge.net/project/vycid/setupunix.sh?r=&ts=1368081732&use_mirror=masterse

chmod +x setupunix.sh?r

./setupunix.sh?r

Then sit on your hands. KEEP THE SSH SESSION OPEN. Before long a message will appear saying something like

**** MINING HAS BEGUN ****

You can then use the following two commands to get your yacoins as they are mined:

./yacoind getbalance - gets the balance of your miner account

./yacoind sendtoaddress

Make sure the amount you send is at least 0.01 YAC less than the getbalance amount to allow for the transaction fee.

Keep in mind the blockchain has to be downloaded before any blocks can be found. This won't take long, since it's still quite short. You can check the estimated hashrate with ./yacoind gethashespersec

If this helps you, maybe kick some of the yacoin you mine my way at Y2JcwhZu9m6cqPZ3Jv8iKspcJYNY5wa5zc Wink

I'll complete this guide and start a thread for it in an hour or two.

NOTE: For the love of god, read the setupunix.sh bash script with a text file editor before you run it. You can't be sure what I put in there otherwise.

testing it out , thanks alot for the guide, looks fun

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Well, even if it's 100% profit, I'm kinda burned out so I'm done.

I'm going to post a quick guide for anyone still thinking about doing some AWS mining. Note that this is a fairly primitive method, and I'm only putting it here because it's so easy anyone can do it.

First, you need to start a single instance of Ubuntu 12.04.1 LTS, either for server or cluster - doesn't matter. Then SSH into it (don't forget to set your security settings to allow your SSH!). I'll add the detailed instructions for this later - but honestly, AWS is pretty simple, I think anyone can figure it out.

Once your SSH connects, enter the following 3 commands in sequence:

wget https://downloads.sourceforge.net/project/vycid/setupunix.sh?r=&ts=1368081732&use_mirror=masterse

chmod +x setupunix.sh?r

./setupunix.sh?r

Then sit on your hands. KEEP THE SSH SESSION OPEN. Before long a message will appear saying something like

**** MINING HAS BEGUN ****

You can then use the following two commands to get your yacoins as they are mined:

./yacoind getbalance - gets the balance of your miner account

./yacoind sendtoaddress

Make sure the amount you send is at least 0.01 YAC less than the getbalance amount to allow for the transaction fee.

Keep in mind the blockchain has to be downloaded before any blocks can be found. This won't take long, since it's still quite short. You can check the estimated hashrate with ./yacoind gethashespersec

If this helps you, maybe kick some of the yacoin you mine my way at Y2JcwhZu9m6cqPZ3Jv8iKspcJYNY5wa5zc Wink

I'll complete this guide and start a thread for it in an hour or two.

NOTE: For the love of god, read the setupunix.sh bash script with a text file editor before you run it. You can't be sure what I put in there otherwise.

HotSwap

hero member

Activity: 806

Merit: 1000

COINMIXER.NET

I just shutdown my EC2 as well, just not worth it any more. Though with all these people shutting them down maybe the diff will drop again...

fenican

hero member

Activity: 1395

Merit: 505

limits are higher for c.xlarge

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: fenican on May 10, 2013, 11:36:07 PM

not sure getting about 42469 kH/s out of 200 of them ; 212 kh/s per c.xlarge

costing me about half what I'm getting in yield (assuming 30 LTC / 1k) at current diff

Huh.

How'd you get 200 spot instances? AWS limited me to 20.

fenican

hero member

Activity: 1395

Merit: 505

not sure getting about 42469 kH/s out of 200 of them ; 212 kh/s per c.xlarge

costing me about half what I'm getting in yield (assuming 30 LTC / 1k) at current diff

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: fenican on May 10, 2013, 11:31:52 PM

drop back to the .075 ones c.xlarge

Hold on, how many ECU do those have? 20, right? My cc2.8xlarge had 88 each, so they were still a better deal...

For reference, yacoind was making about 750kh/s out of each cc2.8xlarge.

fenican

hero member

Activity: 1395

Merit: 505

drop back to the .075 ones c.xlarge

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: fenican on May 10, 2013, 11:27:54 PM

vycid not quite yet still very profitable on us east c.xlarge particularly with currency prices on the rise

Really? Just shut down 20 cc2.8xlarge in Virginia because I was at breakeven. Instance price was 0.27/hr or so, I think.

josiasrdz

member

Activity: 112

Merit: 10

What is better for mining server or desktop cpus?

fenican

hero member

Activity: 1395

Merit: 505

vycid not quite yet still very profitable on us east c.xlarge particularly with currency prices on the rise

zhaojundong

member

Activity: 238

Merit: 10

Quote from: maxsolnc on May 10, 2013, 04:25:04 PM

Quote from: xibeijan on May 10, 2013, 03:42:32 PM

Quote from: barrywu2013 on May 09, 2013, 11:33:27 AM

need people to help with the yacoin website: http://yacoin.webs.com/

thx!

It has chat, forum, video, etc!

If creating this website helped, thank you!

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Y4QD9EiAKzfpq8iTAxi3xw83wpkvSbMU9x

I think http://www.yacoin.org looks much better!

Please correct main page:
" crypto currency to gaurantee long-term protection "

thx!
i have fixed it.

Topic: [ANN][YAC] yacoin: yet another altcoin. START is now. - page 25. (Read 346717 times)