New gold-backed cryptocurrency INNcoin allows you to mine gold for free - page 7.

bradfrogger

full member

Activity: 140

Merit: 100

Quote from: HzE on August 04, 2014, 10:09:48 AM

GoldReserve (XGR) is the first gold backed crypto that has succeeded.. Ive been mining that for a while. This seems very sketchy, since there is no info or anything =o

Sketchy? Anthem website has info, so why would you bash? Oh.. just hoping to promote XGR I guess.

bradfrogger

full member

Activity: 140

Merit: 100

Quote from: dlm1130 on August 03, 2014, 10:32:49 PM

Quote from: bradfrogger on July 26, 2014, 11:29:57 AM

Quote from: lordxar on July 22, 2014, 02:18:23 PM

Quote from: bradfrogger on July 22, 2014, 11:44:43 AM

Quote from: kaisersolo on July 22, 2014, 11:41:23 AM

I figured that out

check getmininginfo in console and you will see that generate is set to FALSE

just close the wallet and add -gen after the target
i.e.
"D:\Program Files (x86)\Anthem Vault\INNcoin\inncoin-qt.exe" -gen

If anyone hasn't done this you won't generate coins

check getmininginfo in console and you will see that generate is set to true

You can also start mining from within the console by typing the following:

setgenerate true

I am guessing that the generate coins doesn't need to be set. I have mined 850 coins so far (most of them using the CPU mining on the 17th-18th) and converted over to GPU mining on the 19th. I was getting 95k hash with CPU (i5 Sandy Bridge) and now I'm at 1880k with GPU (Nvidia GTX660). The 50 coin block appears in my transaction log as soon as one is found with ccminer. It takes over 100 additional blocks to be found on the blockchain before it matures and is added to the balance.

I only modified the .conf file as follows:

server=1
rpcuser=inncoin (this could probably be changed, I left it default)
rpcpassword=xxxxx (use your password, I'm guessing the default one was autogenerated)
rpcport=9332
rpcconnect=127.0.0.1

I changed server from 0 to 1 to allow RPC login. added a port and local address.

I utilize ccminer v1.2 with the following batch file
ccminer.exe --algo=x11 -o http://127.0.0.1:9332 -u inncoin -p (your rpc password)

"[2014-07-22 14:53:01] GPU #0: GeForce GTX 660, 1883 khash/s"

Either way, it takes about $0.24 in energy (plus your GPU is out of commision during mining) to earn around $0.05 in inncoin (on today's gold price) per day. This will keep going up if more people jump on the GPU mining bandwagon. Only good for those who want to lose money, which I'm doing at the moment for fun.

My energy calcs is based on 100watts of energy used at $0.10/KWH or roughly $0.24 per day. Based on a set value of 100 grams of gold (~$4100) for 10 million coins, a block of 50 coins is valued around $0.02. That means I have paid ~$0.75 in the last 3 days to mine $0.12 worth of inncoin/gold.

It is only a matter of time before gold does another high climb, raising that dollar value per gram. :-)

I would not want to discourage anyone from mining INNcoin or investing in gold, but at least for the short-term, gold is likely to substantially drop in value soon. The price fix mechanism is being removed. For several years the value of gold has been intentionally manipulated up to "false" values.

Wrong.. it is silver that is having the price fixing removed. And do not think for a minute that a "new" price fixing method is not already lined up. Nothing will change, IMO.

HzE

full member

Activity: 161

Merit: 100

GoldReserve (XGR) is the first gold backed crypto that has succeeded.. Ive been mining that for a while. This seems very sketchy, since there is no info or anything =o

jl2035

full member

Activity: 146

Merit: 100

Still very few info on this coin. I wonder if it will ever get into some exchange..

dlm1130

newbie

Activity: 18

Merit: 0

Quote from: lordxar on July 26, 2014, 02:23:08 PM

Quote from: M1SHO on July 26, 2014, 11:21:43 AM

Quote from: bradfrogger on July 26, 2014, 11:00:55 AM

Quote from: ThomasCrowne on July 24, 2014, 01:36:38 AM

Has anybody actually managed to mine any coins yet?

I suggest reading earlier pages in this thread. Many questions would be answered before even asking a repeat question. Just a suggestion.. not to be taken in a negative light, please. :-)

Right now difficulty is 2.82 , and net hash across 50 mh - everyone can mine even from the wallet with his CPU.

Lots must have dropped off. I was hitting 3-4 blocks per day for the last few days at 1.8M hash. I have hit 10 blocks today. YAY!!

Something seems to have changed. I am accumulating 2-3 times more coins per day than I initially was, and have pointed no more hashing to the endeavor. In fact, I am only mining with a CPU.

dlm1130

newbie

Activity: 18

Merit: 0

Quote from: bradfrogger on July 26, 2014, 11:29:57 AM

Quote from: lordxar on July 22, 2014, 02:18:23 PM

Quote from: bradfrogger on July 22, 2014, 11:44:43 AM

Quote from: kaisersolo on July 22, 2014, 11:41:23 AM

I figured that out

check getmininginfo in console and you will see that generate is set to FALSE

just close the wallet and add -gen after the target
i.e.
"D:\Program Files (x86)\Anthem Vault\INNcoin\inncoin-qt.exe" -gen

If anyone hasn't done this you won't generate coins

check getmininginfo in console and you will see that generate is set to true

You can also start mining from within the console by typing the following:

setgenerate true

I am guessing that the generate coins doesn't need to be set. I have mined 850 coins so far (most of them using the CPU mining on the 17th-18th) and converted over to GPU mining on the 19th. I was getting 95k hash with CPU (i5 Sandy Bridge) and now I'm at 1880k with GPU (Nvidia GTX660). The 50 coin block appears in my transaction log as soon as one is found with ccminer. It takes over 100 additional blocks to be found on the blockchain before it matures and is added to the balance.

I only modified the .conf file as follows:

server=1
rpcuser=inncoin (this could probably be changed, I left it default)
rpcpassword=xxxxx (use your password, I'm guessing the default one was autogenerated)
rpcport=9332
rpcconnect=127.0.0.1

I changed server from 0 to 1 to allow RPC login. added a port and local address.

I utilize ccminer v1.2 with the following batch file
ccminer.exe --algo=x11 -o http://127.0.0.1:9332 -u inncoin -p (your rpc password)

"[2014-07-22 14:53:01] GPU #0: GeForce GTX 660, 1883 khash/s"

Either way, it takes about $0.24 in energy (plus your GPU is out of commision during mining) to earn around $0.05 in inncoin (on today's gold price) per day. This will keep going up if more people jump on the GPU mining bandwagon. Only good for those who want to lose money, which I'm doing at the moment for fun.

My energy calcs is based on 100watts of energy used at $0.10/KWH or roughly $0.24 per day. Based on a set value of 100 grams of gold (~$4100) for 10 million coins, a block of 50 coins is valued around $0.02. That means I have paid ~$0.75 in the last 3 days to mine $0.12 worth of inncoin/gold.

It is only a matter of time before gold does another high climb, raising that dollar value per gram. :-)

I would not want to discourage anyone from mining INNcoin or investing in gold, but at least for the short-term, gold is likely to substantially drop in value soon. The price fix mechanism is being removed. For several years the value of gold has been intentionally manipulated up to "false" values.

bradfrogger

full member

Activity: 140

Merit: 100

Quote from: def_ender on August 02, 2014, 03:47:39 PM

Quote from: turbominer on August 01, 2014, 05:00:19 PM

Yup it works again. Thanks for fixing it. All coins are there, no problems.. keep on mining

Mined for 1 hour, got many shares on miner, but nothing on site. Decided to wait until payout - still nothing.
wtf with your pool?

I am still rockin' the solo mining, so no pool required. Grin

M1SHO

sr. member

Activity: 258

Merit: 250

Quote from: def_ender on August 02, 2014, 03:47:39 PM

Quote from: turbominer on August 01, 2014, 05:00:19 PM

Yup it works again. Thanks for fixing it. All coins are there, no problems.. keep on mining

Mined for 1 hour, got many shares on miner, but nothing on site. Decided to wait until payout - still nothing.
wtf with your pool?

You are the only one complaining ...but it is up to you ....pool have no fee , if you don't like it , just find another one Grin

def_ender

full member

Activity: 140

Merit: 100

Quote from: turbominer on August 01, 2014, 05:00:19 PM

Yup it works again. Thanks for fixing it. All coins are there, no problems.. keep on mining

Mined for 1 hour, got many shares on miner, but nothing on site. Decided to wait until payout - still nothing.
wtf with your pool?

turbominer

newbie

Activity: 2

Merit: 0

Yup it works again. Thanks for fixing it. All coins are there, no problems.. keep on mining

M1SHO

sr. member

Activity: 258

Merit: 250

Quote from: lordxar on August 01, 2014, 12:47:11 PM

Quote from: jl2035 on August 01, 2014, 07:15:44 AM

What's up with the pool??? Something is wrong...

Looks to be back up. I received my payout from what was still on the system. I was able to mine 26 blocks at 1.8MH directly from my wallet while the big dogs/pool was off line. Yay!!

I'll jump back on when the difficulty jumps back up.

Yep - Pool is UP and working !

lordxar

newbie

Activity: 14

Merit: 0

Quote from: jl2035 on August 01, 2014, 07:15:44 AM

What's up with the pool??? Something is wrong...

Looks to be back up. I received my payout from what was still on the system. I was able to mine 26 blocks at 1.8MH directly from my wallet while the big dogs/pool was off line. Yay!!

I'll jump back on when the difficulty jumps back up.

M1SHO

sr. member

Activity: 258

Merit: 250

Quote from: jl2035 on August 01, 2014, 07:15:44 AM

What's up with the pool??? Something is wrong...

There are some technical problems with the wallet server , but your coins are safe . Will post here update , as we are online.

jl2035

full member

Activity: 146

Merit: 100

What's up with the pool??? Something is wrong...

M1SHO

sr. member

Activity: 258

Merit: 250

Quote from: lordxar on July 30, 2014, 02:56:45 PM

Quote from: M1SHO on July 30, 2014, 12:44:28 PM

Quote from: bradfrogger on July 30, 2014, 12:21:33 PM

Quote from: lordxar on July 30, 2014, 02:12:47 AM

Quote from: M1SHO on July 29, 2014, 12:57:11 PM

INNcoin POOL : inn.hash.sx

There is stil no linux wallet released from Anthem Vault , so there must be some frontend messages on the pool as : We are investingating issues in the backend. Your shares and hashrate are safe and we will fix things ASAP, and other small visual mistakes , but it is functional 100%.Net hash and pool hash also didn't show proper , but that is all we can do for now only with windows wallet.Feel free to try it.

I'd love to know what kind of setup you are using to achieve 150MH. Makes me feel very tiny with a single Geforce GTX660 running at a measly 1.8MH.

I would like to know that also. Maybe KH was intended?

It is X11 algo , so the coin can be mined with GPU - what is so strange to you .....it is just a a mining farm . Btw today Anthem Vault released a Mac version of the INNcoins miner , for registered users Wink

Would you mind sharing what type of cards and quantity as well as how much power you consume on the setup? I was just curious. I wanted to setup a nice GPU farm for bitcoin prior to the ASIC boom. Great way to re-purpose a good GPU setup. I'm also using a mid level card with the GTX660 and would like to at least have at least a 770 running. I'm guessing dual 770's would be pushing close to 6-8MH. Are Nvidia cards better on X11 or AMDs? Would take quite a few in the farm to hit 150MH though. For the $60 (current worth) of coins shown in the pool, I'm guessing you have spent close to that in electricity? I'm using the name nexus on the pool.

You are askin too much from me

As i know better cards for mining , till X11 era was ATI ones, now nvidia also performs well /low power consumption/ , but you must search some good guide for mining - i think there are a lot of them on this forum .

lordxar

newbie

Activity: 14

Merit: 0

Quote from: M1SHO on July 30, 2014, 12:44:28 PM

Quote from: bradfrogger on July 30, 2014, 12:21:33 PM

Quote from: lordxar on July 30, 2014, 02:12:47 AM

Quote from: M1SHO on July 29, 2014, 12:57:11 PM

INNcoin POOL : inn.hash.sx

There is stil no linux wallet released from Anthem Vault , so there must be some frontend messages on the pool as : We are investingating issues in the backend. Your shares and hashrate are safe and we will fix things ASAP, and other small visual mistakes , but it is functional 100%.Net hash and pool hash also didn't show proper , but that is all we can do for now only with windows wallet.Feel free to try it.

I'd love to know what kind of setup you are using to achieve 150MH. Makes me feel very tiny with a single Geforce GTX660 running at a measly 1.8MH.

I would like to know that also. Maybe KH was intended?

It is X11 algo , so the coin can be mined with GPU - what is so strange to you .....it is just a a mining farm . Btw today Anthem Vault released a Mac version of the INNcoins miner , for registered users Wink

Would you mind sharing what type of cards and quantity as well as how much power you consume on the setup? I was just curious. I wanted to setup a nice GPU farm for bitcoin prior to the ASIC boom. Great way to re-purpose a good GPU setup. I'm also using a mid level card with the GTX660 and would like to at least have at least a 770 running. I'm guessing dual 770's would be pushing close to 6-8MH. Are Nvidia cards better on X11 or AMDs? Would take quite a few in the farm to hit 150MH though. For the $60 (current worth) of coins shown in the pool, I'm guessing you have spent close to that in electricity? I'm using the name nexus on the pool.

jl2035

full member

Activity: 146

Merit: 100

I guess not. Until today this coin was only a windows client, and a fact that it is an x11 coin.

taylortyler

member

Activity: 84

Merit: 10

They said they would be releasing their source code on github a week ago, but I haven't been able to find it. Same with their ledger. Anyone know anything about this?

M1SHO

sr. member

Activity: 258

Merit: 250

Quote from: bradfrogger on July 30, 2014, 12:21:33 PM

Quote from: lordxar on July 30, 2014, 02:12:47 AM

Quote from: M1SHO on July 29, 2014, 12:57:11 PM

INNcoin POOL : inn.hash.sx

There is stil no linux wallet released from Anthem Vault , so there must be some frontend messages on the pool as : We are investingating issues in the backend. Your shares and hashrate are safe and we will fix things ASAP, and other small visual mistakes , but it is functional 100%.Net hash and pool hash also didn't show proper , but that is all we can do for now only with windows wallet.Feel free to try it.

I'd love to know what kind of setup you are using to achieve 150MH. Makes me feel very tiny with a single Geforce GTX660 running at a measly 1.8MH.

I would like to know that also. Maybe KH was intended?

It is X11 algo , so the coin can be mined with GPU - what is so strange to you .....it is just a a mining farm . Btw today Anthem Vault released a Mac version of the INNcoins miner , for registered users Wink

bradfrogger

full member

Activity: 140

Merit: 100

Quote from: lordxar on July 30, 2014, 02:12:47 AM

Quote from: M1SHO on July 29, 2014, 12:57:11 PM

INNcoin POOL : inn.hash.sx

There is stil no linux wallet released from Anthem Vault , so there must be some frontend messages on the pool as : We are investingating issues in the backend. Your shares and hashrate are safe and we will fix things ASAP, and other small visual mistakes , but it is functional 100%.Net hash and pool hash also didn't show proper , but that is all we can do for now only with windows wallet.Feel free to try it.

I'd love to know what kind of setup you are using to achieve 150MH. Makes me feel very tiny with a single Geforce GTX660 running at a measly 1.8MH.

I would like to know that also. Maybe KH was intended?

Topic: New gold-backed cryptocurrency INNcoin allows you to mine gold for free - page 7. (Read 21024 times)