Before you pay thousands of dollars for a Scrypt Miner

data55

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Quote from: jjj0923 on June 18, 2014, 08:25:37 AM

Quote from: joeventura on June 18, 2014, 08:17:05 AM

Quote from: jjj0923 on June 18, 2014, 05:37:55 AM

It's why I invested in altcoin trend prediction software that was custom developed for me and it's why I mine anonymously.

you need software to monitor network hash, difficulty, buy price and depth because there's so sense in mining coins there are no orders for

So like you said, its not rocket science, you just need to have custom software developed for you, then monitor the output of the software and sit in front of a computer all day changing coins.

Simple.

no it's changes coins automatically for me using the cgminer api

Would you mind PM'ing me who wrote your software. I'm interested in some also.

jjj0923

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Activity: 266

Merit: 250

Quote from: joeventura on June 18, 2014, 08:17:05 AM

Quote from: jjj0923 on June 18, 2014, 05:37:55 AM

It's why I invested in altcoin trend prediction software that was custom developed for me and it's why I mine anonymously.

you need software to monitor network hash, difficulty, buy price and depth because there's so sense in mining coins there are no orders for

So like you said, its not rocket science, you just need to have custom software developed for you, then monitor the output of the software and sit in front of a computer all day changing coins.

Simple.

no it's changes coins automatically for me using the cgminer api

geetash

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Activity: 141

Merit: 100

Quote from: joeventura on June 18, 2014, 08:17:05 AM

Quote from: jjj0923 on June 18, 2014, 05:37:55 AM

It's why I invested in altcoin trend prediction software that was custom developed for me and it's why I mine anonymously.

you need software to monitor network hash, difficulty, buy price and depth because there's so sense in mining coins there are no orders for

So like you said, its not rocket science, you just need to have custom software developed for you, then monitor the output of the software and sit in front of a computer all day changing coins.

Simple.

or you can use cgwatcher.

joeventura

hero member

Activity: 854

Merit: 500

Quote from: jjj0923 on June 18, 2014, 05:37:55 AM

It's why I invested in altcoin trend prediction software that was custom developed for me and it's why I mine anonymously.

you need software to monitor network hash, difficulty, buy price and depth because there's so sense in mining coins there are no orders for

So like you said, its not rocket science, you just need to have custom software developed for you, then monitor the output of the software and sit in front of a computer all day changing coins.

Simple.

jjj0923

sr. member

Activity: 266

Merit: 250

Quote from: jjj0923 on June 17, 2014, 03:54:26 PM

Quote from: ?? on ??

Quote from: -droid- on June 17, 2014, 03:20:35 PM

problem is, even with multipools the profit is at a steady decline, now its what less than 0.0015 per mh?

yea.
http://www.clevermining.com/profits

0.00144

Edit:
http://poolpicker.eu/text.php
http://poolpicker.eu/table

here's the basic problem with multi pools...

by the time you accumluate enough coins and finally get them in your wallet or exchange account the ship has sailed....

you're always a day late to the party.

you need to be ahead of the curve - not behind it - think about it...

it took me about 3 days of mining to figure this out - it's why I invested in altcoin trend prediction software that was custom developed for me and it's why I mine anonymously.

mine low - sell high - all the coins have peaks and valleys and the kicker is that when they're in their valleys their difficulty is also low(or it make take a few hours for digishield to adjust the difficulty after being raped by a multi-pool) which makes it easy to accumulate more coins...

nautilus coin is the perfect example - watch the network hash - when it drops so does difficulty a few hours later. I can't tell you the number of times I've been in and out of that coin. sometimes four or five times a day - when the multi-pools show up - I'm out in an instant.

you need software to monitor network hash, difficulty, buy price and depth because there's so sense in mining coins there are no orders for

jjj0923

sr. member

Activity: 266

Merit: 250

Quote from: Hamuki on June 18, 2014, 05:24:44 AM

Quote from: damiano on June 17, 2014, 07:43:43 PM

The only way to make money is to mine a hot scrypt coin that comes out and hope it makes it to top 10.

Oh wait, no one is making scrypt coins anymore...its all x11 and x13 with cryptonight popping up more and more.

Im willing to bet we will see a fire sale in 2-3 months on these bricks.

Yea, and the reason is that its not "innovative" Or new, fresh..

I miss a good old scrypt coin that is legit and is running with a nice value. No pumps and dumps.

that's why you have ltc and doge

Hamuki

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Activity: 1022

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Quote from: damiano on June 17, 2014, 07:43:43 PM

The only way to make money is to mine a hot scrypt coin that comes out and hope it makes it to top 10.

Oh wait, no one is making scrypt coins anymore...its all x11 and x13 with cryptonight popping up more and more.

Im willing to bet we will see a fire sale in 2-3 months on these bricks.

Yea, and the reason is that its not "innovative" Or new, fresh..

I miss a good old scrypt coin that is legit and is running with a nice value. No pumps and dumps.

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

The only way to make money is to mine a hot scrypt coin that comes out and hope it makes it to top 10.

Oh wait, no one is making scrypt coins anymore...its all x11 and x13 with cryptonight popping up more and more.

Im willing to bet we will see a fire sale in 2-3 months on these bricks.

Blazed

legendary

Activity: 2128

Merit: 1119

Quote from: ?? on ??

Quote from: Blazed on June 17, 2014, 03:07:00 PM

ASIC miners = not early adopters

And that is what I am speaking of. When did asics hit the market to tear up litecoin? Right at the beginning of asics for litecoin = early adopters. Plus I seen people still using GPU's with their farms that HW was already paid for and still mining at profit = early adopters.

I'm not arguing you, am I correct?

Early adopter for Scrypt was a gpu miner not these Scrypt rigs.

jjj0923

sr. member

Activity: 266

Merit: 250

Quote from: ?? on ??

Quote from: -droid- on June 17, 2014, 03:20:35 PM

problem is, even with multipools the profit is at a steady decline, now its what less than 0.0015 per mh?

yea.
http://www.clevermining.com/profits

0.00144

Edit:
http://poolpicker.eu/text.php
http://poolpicker.eu/table

here's the basic problem with multi pools...

by the time you accumluate enough coins and finally get them in your wallet or exchange account the ship has sailed....

you're always a day late to the party.

you need to be ahead of the curve - not behind it - think about it...

mikerbiker6

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Activity: 392

Merit: 250

Quote

SPOILER ALERT:

None of them will.

Haha

So true

-droid-

legendary

Activity: 1050

Merit: 1001

problem is, even with multipools the profit is at a steady decline, now its what less than 0.0015 per mh?

jjj0923

sr. member

Activity: 266

Merit: 250

hell no - figure it out like I did...

anything worth acquiring (such as knowledge) is worth working for. you wouldn't appreciate it anyway if I just handed it to you....

plus - why make it easy for people to compete with me... Roll Eyes

joeventura

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Activity: 854

Merit: 500

Quote from: jjj0923 on June 17, 2014, 03:06:04 PM

Quote from: joeventura on June 17, 2014, 02:48:24 PM

If your goal is to mine coins and support the community at significant financial loss to yourself then this message is not for you.

If however you want to get a return on your investment at least break even, I suggest you visit this calculator, and plug in the appropriate numbers.

https://bitcoinwisdom.com/litecoin/calculator

Using just a 7% increase in difficulty you may find your eyes wide open as to what scrypt miners will get you a return on your investment.

SPOILER ALERT:

None of them will.

It's exactly WHY I do not mine LTC!!!

J,
Are you telling me that even with the cost of this hardware you can make a profit on other coins, because I have lots of hash power with your name on it, educate to your magic ways and I will give you a cut of my profit.

Blazed

legendary

Activity: 2128

Merit: 1119

ASIC miners = not early adopters

jjj0923

sr. member

Activity: 266

Merit: 250

Quote from: joeventura on June 17, 2014, 02:48:24 PM

If your goal is to mine coins and support the community at significant financial loss to yourself then this message is not for you.

If however you want to get a return on your investment at least break even, I suggest you visit this calculator, and plug in the appropriate numbers.

https://bitcoinwisdom.com/litecoin/calculator

Using just a 7% increase in difficulty you may find your eyes wide open as to what scrypt miners will get you a return on your investment.

SPOILER ALERT:

None of them will.

It's exactly WHY I do not mine LTC!!!

Blazed

legendary

Activity: 2128

Merit: 1119

I agree they cost way too much and many will be left holding a bag!

-droid-

legendary

Activity: 1050

Merit: 1001

wow even with free electricity shit is impossible

joeventura

hero member

Activity: 854

Merit: 500

If your goal is to mine coins and support the community at significant financial loss to yourself then this message is not for you.

If however you want to get a return on your investment at least break even, I suggest you visit this calculator, and plug in the appropriate numbers.

https://bitcoinwisdom.com/litecoin/calculator

Using just a 7% increase in difficulty you may find your eyes wide open as to what scrypt miners will get you a return on your investment.

SPOILER ALERT:

None of them will.

Topic: Before you pay thousands of dollars for a Scrypt Miner (Read 1064 times)