Topic: ***Easiest Guide For DO Cloud Mining Datacoin***2DTC giveaway!MiningforDummies! (Read 5129 times)

yeah man.. i have absolutely no skills what so ever with unix either. think i'm just letting this be what it is now..

Hi,

To relaunch automatically after reboot of the droplet : https://cryptocointalk.com/topic/1993-visual-guide-to-mining-primecoin/

To force restart of primeminer in case of loss of connection, I found no suitable/easy solution .. some ideas if you google "primewatcher and primecoin", but that require more unix skills than I have

you have to do something like this for gpool for example:

 ./primecoin/src/primeminer -pooluser=DQsoZjorSHBXDUhVkYn7VuSfzG2RfYLpuy.x1  -poolpassword=0 -poolip=162.243.41.59 -poolport=8336 -poolshare=6 -genproclimit=4



i will make in a couple of says a super explanatory guide. but for now i am in a hurry! have to go to the airport!

I have alot of problems lately with my droplets being rebooted without my "permission".. also network errors.. How to I start mining after it's rebooted?

Well price dropped so yes. Still i believe it is undervalued and it will soon go up...Personally i mine since this supports the coin but i also buy Datacoins whenever i have some spare BTC.

As far as I can tell, unless you have free credits or something, it would be cheaper to just buy datacoins than cloud mine them. Even to mine them on your home PC, the profits are going to be razor thin when you factor electricity in.

You must also consider electricity



bronsky666 no it doesnt cause the 10% cant sell all those coins without damaging the economy. So if the want to make money they have to be fair and do whatever they do for the whole community. And most times they are the ones who make giveaways or pay for applications that make the coin better or make advertisments etc...

Btw 1 man has 10% of whole bitcoin And if you see nxt for example everything was premined. Thought that for me is sure that will collapse....

It would be nice to see though how decentralized is the coin from holders aspect though....


Anyway dont ask me about economics


P.S. You will never mine something with the same power as the big guys Unfortunately if you did then the coin would have no value....

Thanks for the link, I have similar figures on my side 

On the principle I fully agree with you, I do not pretend to do short term profit, and that's why I chose coins based on what there is beyond it

But when I see people mining 100-500 times faster then me, I can only think that, even if one day the price increases (in several month/years), there will be people having 100.000 to 1.000.000 coins, and the 90% "1chain/d people" having gathered  probably not more than 1000 coins


So do you think that this situation of "10% of people owning 90%" of the coins does not make the situation worthless for the "other 90%" ?
Does anybody here have an experience to share on altcoin success and owning ratio ?

My figures are probably not fully exact, but that's probably close to the reality based on the gpool stats

Actually, after looking at Amazon's prices it seems that it is actually cheaper to buy DTC than to mine them with EC2.  Maybe it would have worked with that $100 free credit they had.

I am just going to buy a bunch of old PC's, stick them in my garage and mine with my own hardware.

Here http://datacoin.info/calc.htm is a calculator. It is for solo mining but it should be around the same. It doesnt work for me right now but i dont know why. Anyway i think with the raising diff right now for 1ch/d about 1.5-2 DTC. Very broad calculation.

As i say in the OP i believe the coin is currently heavily undervalued. I personally believe that it will get really bigger when the spam with all shitcoins stops and people start caring about innovative and serious coins.

The point is that there is never actually a coin that you can mine that is profitable. The window of profitability closes very fast as people understand which coin this is and start mining it asap making it unprofitable. So you have to choose a coin that you will believe in the future will be still here and have a good price. Thats why it is an investment.

On the other hand you can always gamble with shitcoins. Actually from giveaways and some early mining, only first 2 days, of those shitcoins i managed to gain around 1 BTC. For nothing. And i bought more DTC But the hype with shitcoins is almost over now...


Thats what i personally believe and i hope i helped.

Ah i forgot about the part of others mining many. Well its capitalism. He who invest more will gain more. You cant mine as many Bitcoins per day with a usb asic miner as guys with 100Th machines. But you may still have a gain.

Hello all,

can someone tell me how many DTC we are supposed to mine by day  (in theory) with a speed of say 1 chains/day ?

And is there any interest to do it at this speed, considering that there are people mining around 0,5-1 DTC by minutes (by looking at GPOOL stats), or is it really too weak ?

Quoted:
   


It means that you mine extremely slow. My laptop mines at 0.35 chains/day at least. What CPU do you use? Its like from a mobile phone Unquoted.

My CPU is a Pentium Dual Core chip bought from 2009, a bit old.

Ah.  I see the t1.micro is $0.02/h

http://aws.amazon.com/ec2/#pricing

Cheapest is the spot prices:  for m1.small $0.007/h

http://aws.amazon.com/ec2/spot-instances/

no i dont know about the cost. And also about cloning it. But i will check later and try to asnwer.

P.S.
1)i need to really do a complete guy for amazon ec2
2)i want to make this guide like 2 times more explanatory...
3) I want to make a guide for DataMinerWatch

Do you know if you can clone the free micro instance?  Where and how?

If you can clone 100 then 0.17 chains/d becomes 17 chains/d or about 17DTC per day.

I suppose 720 hours means 2 micro instances for one month or 60 micro instances for 12 hours. 

You don't perhaps know how much Amazon charges for the free micro instance when you go over 720 hours?

I am unfortunately also having problems with my credit card.

I made yesterday an amazon account too. What i understand is that they give 750 hours of a free micro instance. But it is really slow. around 0.17chains per day. I have it running right now. But why only Debian? I used Ubuntu 13.10.

I am thinking of making a guide for amazon ec2 too.

As for promos yes there was that 100 dollars but i dont know how and if it still applies...

If you use putty you just copy and with right click you paste on putty. If you dont use putty you cant paste.

1) Go to Digital Ocean with my referral link : https://www.digitalocean.com/?refcode=9d68ca19e204 
2) Make an account there and pay with paypal or credit card at least 10 dollars.
3) Use this promo code for 10 dollars more: OMGSSD10   . If this promo doesnt work google search for another one.
4) At Digital Ocean create a droplet and put a hostname like Miner1 for example.
5) Choose how many CPUs and Region. I believe 2 CPUs 2GB ram is the most cost effective. (Choose at least 1GB memory)
6) Choose Ubuntu 13.10 x64 and then press "create droplet". You will receive an email with your droplet's IP and password
7) Download PuTTY by clicking here: http://the.earth.li/~sgtatham/putty/latest/x86/putty.exe
8 ) Run putty.exe and at Host Name put the emailed IP address and press open. At warning message press Yes.(Or whatever to just continue)
9) Login as: "root" (You just right root and enter ) and for password put your emailed password and enter.

Hi, I have done up to here, but got stuck, because I do not know how to copy n paste the long command onto the black screen. Can you help me, please?

I see Amazon charges $0.02 for a Debian instance.  I suppose the processor cost is in addition to this cost.

The basic console is free, and it is a linux console.  I suppose I should just makefile.unix for primeminer.

But could I clone the basic console for free?  I suppose not lol.

You haven't seen any Amazon EC2 promos?  They had a $100 promo but that seems to have disappeared.

INMHO I think you should change your title to "Easiest Guide for Cloud Mining Datacoin", because I think we should discuss all the VPS providers.

No i havent cause i have a problem with my credit card right now. But i am gonna try it today i think...Also Debian shouldnt be any difference than Ubuntu. Same things may work. Maybe you dont need sudo in front of the lines or small things like that....




It means that you mine extremely slow. My laptop mines at 0.35 chains/day at least. What CPU do you use? Its like from a mobile phone