CPU Mining - Who will emerge Dominant? - page 2.

Lolcust

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Activity: 112

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Hillariously voracious

Quote from: Bobnova on October 04, 2011, 04:05:02 PM

Things have chance, BTX was .001 at that time.
No pool + current difficulty means finding a block is rough, too.
I'm going to slap it on the simplecoin pool and see what happens.

Eeee, simplecoin already has TBX if I recall correctly...

Bobnova

full member

Activity: 210

Merit: 100

Things have chance, BTX was .001 at that time.
No pool + current difficulty means finding a block is rough, too.
I'm going to slap it on the simplecoin pool and see what happens.

ArtForz

sr. member

Activity: 406

Merit: 257

Dunno, it's still plenty profitable around here, and that's at $0.30/kWh...
Unless you have a P4 or pay like $1/kWh ... how on earth do you end up with a loss?

worldinacoin

hero member

Activity: 756

Merit: 500

I think it is a nice complement to bitcoin mining. Bitcoin takes up all the GPU hashes, whereas the CPU cycles can be used to mine tenebrix, fairbrix or solidcoin2.0. We can ensure that our rigs or computers are fully utilized.

Bobnova

full member

Activity: 210

Merit: 100

Adding unprofitable mining to profitable mining doesn't make the unprofitable mining profitable.

Been thinking about it, and I've decided it'll definitely be tenebrix.
Think about it:

1) Built specifically for botnet use.
2) Laundry.
1 + 2 = 3) Ideal currency for botnet herders to use for other illegal activities.

Presto!

Sidenote: Idle priority uses any spare CPU cycles, resulting in 100% CPU load at all times.
You can't do work on a CPU without burning power, it doesn't matter what priority you assign.

Lolcust

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Activity: 112

Merit: 11

Hillariously voracious

Errrr... max out != mine at idle priority, no ?

sd

hero member

Activity: 730

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Quote from: Lolcust on October 04, 2011, 02:02:20 PM

Aren't energy costs covered by the "GPU" part of the operation ?

No. If you max out your CPU it will use more power than an idle CPU. On some CPUs it may be cheaper to buy the coins than pay the extra electricity costs, particularly if you use air-conditioning to get rid of the excess heat.

Lolcust

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Activity: 112

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Hillariously voracious

Aren't energy costs covered by the "GPU" part of the operation ?

phelix

legendary

Activity: 1708

Merit: 1019

Quote from: Lolcust on October 04, 2011, 06:43:06 AM

If he's running it on his mining rig at idle priority while mining other coins, the increase in power consumption compared to not running TBX and just letting the cpu burn electricity idling should be quite negligible.

even like that it is still around or slightly below energy costs for me at the moment

Lolcust

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Activity: 112

Merit: 11

Hillariously voracious

If he's running it on his mining rig at idle priority while mining other coins, the increase in power consumption compared to not running TBX and just letting the cpu burn electricity idling should be quite negligible.

phelix

legendary

Activity: 1708

Merit: 1019

Quote from: bulanula on October 03, 2011, 06:00:14 PM

Dumped all my 176 tenebrix for 0.3 BTC not bad deal etc. mining this then dumping it as soon as it is confirmed !!
[...]

did you calculate this through with energy costs?

worldinacoin

hero member

Activity: 756

Merit: 500

Well the higher the risk, the greater the reward, perhaps I should target one of such coins

Quote from: tacotime on October 03, 2011, 08:25:18 PM

Quote from: bulanula on October 03, 2011, 07:54:23 PM

So far no chain except bitcoin ever reached $1 (except Namecoin which actually has a use except fairy dust WOW gold currency). Why would it ever reach that value ? Bitcoin is special. It is the biggest, cannot be attacked and the most established as was first created and limited 21 million supply. Nothing can really match that.

Enjoy getting stuck with your tenebrix !

I also sell my dog poop for $1 each. MAYBE in 100 years dog poop used as rocketship fuel so I'm holding it Grin

Well, I do have $10 of disposable income to invest as I please, and if the amount tenebrix costs goes up by orders of magnitude and I make $1000, every $10 I've put into every new block chain so far will be well worth it. I mean, it's really not too complicated, if people make 100 new block chains and one of them turns out to be useful and you invest a little money in it early on, you can easily make lots back later. So I'm not worried.

tacotime

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Activity: 1484

Merit: 1005

Quote from: bulanula on October 03, 2011, 07:54:23 PM

So far no chain except bitcoin ever reached $1 (except Namecoin which actually has a use except fairy dust WOW gold currency). Why would it ever reach that value ? Bitcoin is special. It is the biggest, cannot be attacked and the most established as was first created and limited 21 million supply. Nothing can really match that.

Enjoy getting stuck with your tenebrix !

I also sell my dog poop for $1 each. MAYBE in 100 years dog poop used as rocketship fuel so I'm holding it Grin

Well, I do have $10 of disposable income to invest as I please, and if the amount tenebrix costs goes up by orders of magnitude and I make $1000, every $10 I've put into every new block chain so far will be well worth it. I mean, it's really not too complicated, if people make 100 new block chains and one of them turns out to be useful and you invest a little money in it early on, you can easily make lots back later. So I'm not worried.

racerguy

sr. member

Activity: 270

Merit: 250

Just took my 3000 off the exchange (1000 were bought @0.004), I'm balls out for the big score with this one.

bulanula

hero member

Activity: 518

Merit: 500

Quote from: tacotime on October 03, 2011, 06:35:06 PM

Quote from: bulanula on October 03, 2011, 06:00:14 PM

Dumped all my 176 tenebrix for 0.3 BTC not bad deal etc. mining this then dumping it as soon as it is confirmed !!

don't even feel sorry for the tbx buying sukaz Tongue

It seems everyone cashing out TBX eg 40000 TBX already cashed out out of 60k mined so far from start etc. haha epic

if you are holding TBX then you will be left holding the bag in the end

Enjoy !!!

I will hold, I lost money on i0coin and solidcoin, why not lose money on Tenebrix too? The thing is, if Tenebrix ends up like another bitcoin, they could eventually be worth dollars each, so if I mine thousands of them now and sell them off later, that's tons of profit for me at a relatively low risk.

This is exactly why people are buying them from you for nothing too -- 10BTC for 20000 TBX now, but if the price of TBX skyrockets, you'll make a lot more than that same $50 you would get from bitcoin. You might be throwing out your cash, but you also might be betting on the right number on a roulette wheel.

So far no chain except bitcoin ever reached $1 (except Namecoin which actually has a use except fairy dust WOW gold currency). Why would it ever reach that value ? Bitcoin is special. It is the biggest, cannot be attacked and the most established as was first created and limited 21 million supply. Nothing can really match that.

Enjoy getting stuck with your tenebrix !

I also sell my dog poop for $1 each. MAYBE in 100 years dog poop used as rocketship fuel so I'm holding it Grin

tacotime

legendary

Activity: 1484

Merit: 1005

Quote from: bulanula on October 03, 2011, 06:00:14 PM

Dumped all my 176 tenebrix for 0.3 BTC not bad deal etc. mining this then dumping it as soon as it is confirmed !!

don't even feel sorry for the tbx buying sukaz Tongue

It seems everyone cashing out TBX eg 40000 TBX already cashed out out of 60k mined so far from start etc. haha epic

if you are holding TBX then you will be left holding the bag in the end

Enjoy !!!

I will hold, I lost money on i0coin and solidcoin, why not lose money on Tenebrix too? The thing is, if Tenebrix ends up like another bitcoin, they could eventually be worth dollars each, so if I mine thousands of them now and sell them off later, that's tons of profit for me at a relatively low risk.

This is exactly why people are buying them from you for nothing too -- 10BTC for 20000 TBX now, but if the price of TBX skyrockets, you'll make a lot more than that same $50 you would get from bitcoin. You might be throwing out your cash, but you also might be betting on the right number on a roulette wheel.

bulanula

hero member

Activity: 518

Merit: 500

Dumped all my 176 tenebrix for 0.3 BTC not bad deal etc. mining this then dumping it as soon as it is confirmed !!

don't even feel sorry for the tbx buying sukaz Tongue

It seems everyone cashing out TBX eg 40000 TBX already cashed out out of 60k mined so far from start etc. haha epic

if you are holding TBX then you will be left holding the bag in the end

Enjoy !!!

Lolcust

member

Activity: 112

Merit: 11

Hillariously voracious

Perhaps you wanted to say that "The revenue model of solidcoin makes it compete with established, convenient, safe, etc ways to transfer money online -- yet with all the drawbacks of fringe cryptocurrencies", because I doubt that you're a guy would could believe that anything other than an intervention by a supernatural force could make Solidcoin 2.0 actually "competitive" compared to "established, convenient, safe etc ways to transfer money online" Wink

grod

full member

Activity: 154

Merit: 100

Quote from: bulanula on October 03, 2011, 05:10:30 PM

Sound advice my friend. Very nice advice

But what do you think about Solidcoin 2 Huh

Like all bitcoin chains it's created with dreams of making the founder inconcievable amounts of cash. The trick, as with all other chains, is to beat him to the exit. The revenue model of solidcoin makes it competitive with established, convenient, safe, etc ways to transfer money online -- yet with all the drawbacks of fringe cryptocurrencies. It's doomed before it starts, but we haven't burned all the shitcoin investors yet so there will once again be a few thousand $ up for grabs.

Mousepotato

hero member

Activity: 896

Merit: 1000

Seal Cub Clubbing Club

Don't know, don't care. Whatever one yields the highest BTC ratio is the one I'm going to mine.

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