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Topic: Anyone else considering mining Namecoin? - page 2. (Read 9511 times)

legendary
Activity: 2618
Merit: 1007
19 times less income mining those...

bitcoin difficulty = 567358.22457067
namecoin difficulty = 2815.22139486

ratio =  2815.22139486/567358.22457067
         = 0.004961982
Current price 1 namecoin = 0.0067 BTC

How is mining namecoins 19 times less income than mining bitcoins? 


http://www.alloscomp.com/bitcoin/calculator.php

I put my hashrate 1330
price was 0,008(seen higher offers, with your price it is 25 times less)

$73.68 vs. $3,80 per day = 19-something less
Namecoin difficulty is at 2815 - not ~570k!
hero member
Activity: 698
Merit: 500
19 times less income mining those...

bitcoin difficulty = 567358.22457067
namecoin difficulty = 2815.22139486

ratio =  2815.22139486/567358.22457067
         = 0.004961982
Current price 1 namecoin = 0.0067 BTC

How is mining namecoins 19 times less income than mining bitcoins? 


http://www.alloscomp.com/bitcoin/calculator.php

I put my hashrate 1330
price was 0,008(seen higher offers, with your price it is 25 times less)

$73.68 vs. $3,80 per day = 19-something less
legendary
Activity: 2618
Merit: 1007
You can run several mining programs on the same GPU.

If the agression settings (in phoenix' teminology) are the same, they will hash both at the same hash rate.

Should one instance go down (Pool down/problems) the other one will automagically get the full hash rate.


Currently I'm running 3 miners with ~100MH/s each on my single GPU:
100MH/s Eligius
100MH/s BTCguild
100MH/s Namecoin (Bitparking pool, as I don't want to have any wallet files on my mining computer and don't want to have another computer running 24/7 just to host a namecoind)

As written above, namecoins (if you can sell them at 0.006BTC a piece) are currently ~20% more profitable than Bitcoins.
member
Activity: 77
Merit: 11
Twitter:@watersNYC
I've been reading up on namecoin, and I figured I might move a couple of my workers over to it to diversify my mining production. Is anyone else considering/has already done this?

I'm considering it, but have no idea how to run a bitcoin miner and namcoin simultaneously on windows. I have a separate machine I could mine namecoins on, but i don't want to waste time on it if lamecoins don't have a viable future...
legendary
Activity: 1078
Merit: 1005
19 times less income mining those...

bitcoin difficulty = 567358.22457067
namecoin difficulty = 2815.22139486

ratio =  2815.22139486/567358.22457067
         = 0.004961982
Current price 1 namecoin = 0.0067 BTC

How is mining namecoins 19 times less income than mining bitcoins? 
hero member
Activity: 698
Merit: 500
Namecoin/Bitcoin forex rates are basically the same as the difficulty difference, so you won't really profit much from switching to namecoins.
Lowest trades are about 0.006 bitcoins per namecoin. What does the difficulty suggest they should be trading at?

19 times less income mining those...
sr. member
Activity: 280
Merit: 252
Already mined a few k.
legendary
Activity: 1078
Merit: 1005
Namecoin/Bitcoin forex rates are basically the same as the difficulty difference, so you won't really profit much from switching to namecoins.
Lowest trades are about 0.006 bitcoins per namecoin. What does the difficulty suggest they should be trading at?
hero member
Activity: 504
Merit: 500
FPGA Mining LLC
Namecoin/Bitcoin forex rates are basically the same as the difficulty difference, so you won't really profit much from switching to namecoins.
sr. member
Activity: 418
Merit: 253
I've been reading up on namecoin, and I figured I might move a couple of my workers over to it to diversify my mining production. Is anyone else considering/has already done this?

I was for a while, had over 90 name coins, then formatted the machine my wallet was on -.-
legendary
Activity: 1078
Merit: 1005
I've been reading up on namecoin, and I figured I might move a couple of my workers over to it to diversify my mining production. Is anyone else considering/has already done this?
There are quite a few people on the namecoin network mining so I'm guessing that people are doing this. Current difficulty is 2815.22139486.
newbie
Activity: 42
Merit: 0
I've been reading up on namecoin, and I figured I might move a couple of my workers over to it to diversify my mining production. Is anyone else considering/has already done this?
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