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Topic: Mining is dead (Read 11806 times)

legendary
Activity: 1484
Merit: 1001
Crypto-News.net: News from Crypto World
April 29, 2014, 01:01:22 PM
#75
x11 coin are now prime for almost all users that I now.

Me mine dark n hiro.
legendary
Activity: 3248
Merit: 1070
April 29, 2014, 12:22:12 PM
#74
forget X11 mining with gpu, there are already giant chinese fpga mining farms raping the ass of all profitable X11 coins

this explain why there are plenty of monsters users in the various x11 pool with 500-600mhash

i knew something was suspicious about those megahash...
legendary
Activity: 1862
Merit: 1009
April 29, 2014, 11:18:10 AM
#73
forget X11 mining with gpu, there are already giant chinese fpga mining farms raping the ass of all profitable X11 coins

I believe what you said is true, the profit for x11 drop a lot and seems like the difficulty keep going up. Oh man time to look for alternative..
sr. member
Activity: 294
Merit: 250
April 29, 2014, 10:52:37 AM
#72
You just to have be good at recognizing what new coins are going to be profitable and then jumping in and out at the right time. Some last a while like Maxcoin, some for a very short time like Cinnicoin, but there is always an opportunity for profit.
legendary
Activity: 1148
Merit: 1000
April 29, 2014, 10:45:24 AM
#71
forget X11 mining with gpu, there are already giant chinese fpga mining farms raping the ass of all profitable X11 coins
legendary
Activity: 1400
Merit: 1050
April 29, 2014, 06:05:45 AM
#70
Scrypt-n is bullshit, GPU is outdate
wait for the gtx880, 5x the perf  (in theory) of the 750ti for 230w (sure it is a lot compare to asic in terms of power, but asic is limited to one algo... while with gpu you can change the algo... )
Let say gpu is dead for brain-free-multipools-mining but it isn't dead for mining.
legendary
Activity: 1484
Merit: 1001
Crypto-News.net: News from Crypto World
April 29, 2014, 06:02:44 AM
#69
Quote
just a transiction, to wipe out some miners out of the scene, there were too many really

N to many people create new sh... coins every day just to earn some quick cash.
legendary
Activity: 3248
Merit: 1070
April 29, 2014, 05:58:47 AM
#68
just a transition, to wipe out some miners out of the scene, there were too many really
newbie
Activity: 56
Merit: 0
April 29, 2014, 05:33:17 AM
#67
Scrypt-n is bullshit, GPU is outdate
member
Activity: 117
Merit: 10
April 29, 2014, 02:36:58 AM
#66
I dont agree with u.pos maybe the future but not now.
pow is still the mainstream and can be profitable.popular pos coins still need to distribute coins through or partly through pow.
newbie
Activity: 7
Merit: 0
April 29, 2014, 02:06:11 AM
#65
I'm sure the price of DOGE will go up when this guy wins Nascar   Grin
http://jalopnik.com/the-dogecoin-nascar-ford-looks-incredible-1568615720
mez
full member
Activity: 197
Merit: 100
April 22, 2014, 07:07:53 AM
#64
I suppose it isn't profitable if you have to pay for your power.
Damn i'm happy with my free power till at least 2017! ^^
I even run my old block erupter blade, it costs 300 watts for 10ghs lol
But the antminers make more haha
hero member
Activity: 826
Merit: 1000
'All that glitters is not gold'
April 22, 2014, 05:06:55 AM
#63
Only an unskilled miner can start a thread with the name Mining is dead

Do you know about BTL (BitLeu) ? https://bitcointalksearch.org/topic/annbtl-bitleu-romanian-investment-cryptocurrency-asic-multipool-proof-510353
At this moment, mining BTL it is more profitable than.. DOGE !
With a decent mining gear you can earn 0.12 BTC / week, even at the current prices !
newbie
Activity: 16
Merit: 0
April 21, 2014, 09:31:36 PM
#62
Mining is not dead ... just mine other asic-ressistant coins like

Vertcoin / execoin -> Scrypt-N based
Protoshares -> momentum-pow based

.. but better the ones with cooler algorithms :

Darkcoin / Hirocoin -> X11 based
Heavycoin ->  LEFTY1 based
Groestlcoin -> groestl based ... which is AMD and NVIDIA-friendly algo too.
sr. member
Activity: 560
Merit: 250
April 21, 2014, 07:58:01 PM
#61
Pos is the future. Wink
sr. member
Activity: 266
Merit: 250
April 21, 2014, 12:14:23 PM
#60
There are lots of new coins u can mine
sr. member
Activity: 280
Merit: 250
Bitnation Development Team Member
April 21, 2014, 05:58:54 AM
#59

That link takes you to the calculations for DRK, HIRO and LIM at 10Mh/s. Currently that instance is only for X11 coins. If anybody can think of any X11s that should be added to the list, let me know and I'll see about adding them. Subsidy functions are surprisingly easy to port from C to PHP!

The app can also be used for other coins, just I'm not personally interested in Scrypt. Nevertheless I've included subsidy functions for a whole bunch of scrypt and scrypt-n coins to make using them even easier. For those of you who are and want to set up a calculator server feel more than free. The code's all up here: https://github.com/n00bsys0p/altcoin-mining-calculator-php.

It'll even run on a local Apache instance as an API if you want it to - you could even set up a cluster, with an instance up for each algo type, so you can keep your finger right on the pulse.

Feel free to PM me for info or instructions!
legendary
Activity: 3654
Merit: 8909
https://bpip.org
April 20, 2014, 08:21:33 PM
#58
But is mining without reselling profitable? I'm sure it works, but that's what I'm after. If it is, hell, start buying those rigs!

It is profitable for me, but my definition of profitability might be different from yours. You have to do your own math, including cost of equipment, power costs, expected mining earnings, value of your time etc.
member
Activity: 84
Merit: 10
PM for journalist,typing,and data entry services.
April 20, 2014, 08:02:36 PM
#57
But is mining without reselling profitable? I'm sure it works, but that's what I'm after. If it is, hell, start buying those rigs!
legendary
Activity: 3654
Merit: 8909
https://bpip.org
April 20, 2014, 07:44:45 PM
#56
Its alive, but its not profitable. I don't want to resell my stuff later down the road to some ignorant gamers. I myself am a gamer, who wants a GPU that's been running 100% for who knows how long?

Don't resell if you don't want to. GPUs commonly have 3 year warranties, plenty of time for ROI if you keep up with the trends.

On the other hand I always disclose that my GPUs were used for mining when I sell them. Maybe I'm getting a few bucks less because of that. Never had a single complaint. Running at 100% does not automatically mean something bad.



It doesn't "automatically" mean bad. Sure, Ill give you that. Most of the time its usually 100% stuck next to 5 cards doing the same thing, and depending on the algorithm, strain on the card. I never did buy used electronics, especially computer electronics. Now, I doubt I will ever with.

It's your personal preference and I'm sure you have a good reason for it, but it has nothing to do with mining profitability.

OF course it does. Are you saying you can make a profit off of mining without reselling equipment? If so how? Please, do tell  Grin

Or you can read a few posts above and read EXACTLY what I'm saying. Which is - since you are not going to read anyway Smiley - that you can resell or not, both ways work. Still has nothing to do with your personal preference to not buy used equipment.
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