prime coin mining- 3-5000pps, how long to get a block?

dma88

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Activity: 117

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Quote from: TheSwede75 on July 20, 2013, 06:43:00 PM

It is virtually pointless to mine at this point if you do not have:

- cheap electricity and access to multi-CPU server rack (100k pps+)
- botnet
- optimized clients on a very cheap AWS cluster or something of the like

I also mined a few blocks (600 coins or so) in the first week, but now it's pointless and just makes my AC run 24/7

bleak, but probably true

markm

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I guess to mine on the cheap you'd typically need more-efficient mining equipment than the miners who are selling coins, or cheaper electricity than them or better code or some such 'edge' that would make your costs 'cheap' compared to theirs...

-MarkM-

dma88

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Activity: 117

Merit: 10

Quote from: markm on July 20, 2013, 06:56:45 PM

depending on how long you are willing to wait to find a higher price to sell that than you bought at.

we dont' know if prime coin will survive, so far the only thing going for it is a fast confirmation time. not sure if it's worth it to buy a bunch now.. I was trying to mine 'em on the cheap Cheesy

markm

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On the bright side though weak hands are still parting with primecoin at low prices so buying coins directly from them (or from them via an exchange) instead of indirectly from your electricity provider might still be viable, depending on how long you are willing to wait to find a higher price to sell that than you bought at.

(What is the chance of happening upon a higher exchange rate, it might be higher than the chance of happening upon a block...)

-MarkM-

vingaard

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1.5 days and 2 blocks with an i5-2500 @3.3GHz running (more or less) at 3500 pps... It's only luck, but I like it Wink

TheSwede75

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It is virtually pointless to mine at this point if you do not have:

- cheap electricity and access to multi-CPU server rack (100k pps+)
- botnet
- optimized clients on a very cheap AWS cluster or something of the like

I also mined a few blocks (600 coins or so) in the first week, but now it's pointless and just makes my AC run 24/7

skull88

hero member

Activity: 683

Merit: 500

Quote from: dma88 on July 20, 2013, 04:48:09 PM

Quote from: TheSwede75 on July 20, 2013, 11:15:53 AM

At current diff it's 100% luck-based when you receive a block at 5k pps.

would a mining pool help at all? or would it add up to the same amount in the end?

I tried ypool and got a whopping 300pps...

Theoretically speaking, it should be higher solomining because you don't have the pool's fee.
This is theoretical because of the luck factor, because it is only true based on a long term. Because of the long term, at one point you just won't find any block anymore.

So you got to look short term and than it just depends on how much luck you have, solomining is taking a gamble to have more profits. Poolmining a known profit.

edit: didn't factor in the pool's mining software, if it gives you way less pps, go solo till they update so you get the same pps

dma88

member

Activity: 117

Merit: 10

Quote from: TheSwede75 on July 20, 2013, 11:15:53 AM

At current diff it's 100% luck-based when you receive a block at 5k pps.

would a mining pool help at all? or would it add up to the same amount in the end?

I tried ypool and got a whopping 300pps...

skull88

hero member

Activity: 683

Merit: 500

6000pps here, no block since 17-07, started mining 16-07 and found 5 blocks the first 2 days, from than on nothing. So it's normal unfortunatly.

dma88

member

Activity: 117

Merit: 10

Quote from: ?? on ??

Good luck! Someone has a 600k PPS cloud running which is bullshit. So...

damn that sux

wibtc

newbie

Activity: 32

Merit: 0

nothing for 3 days.

Quote from: dma88 on July 20, 2013, 11:14:02 AM

noob question.. i've been mining at a steady3-5000pps for at least 3 or4 days now, and nothing yet. is there something i need to do to recieve a block, such as assign a deposit address? i didnt see any console command for that, and i've read in other threads that the block just "shows up". i hope i'm doing it right lol

TheSwede75

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Activity: 224

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Quote from: ?? on ??

Quote from: DeathAndTaxes on July 20, 2013, 01:53:49 PM

Yup. Guess what most CPU come with today .... oh yeah an OpenCL capable integrated GPU. Now these aren't no 7970s but they do have significantly higher hashing capability than a "pure CPU". If there is money to be made harnessing the power of these APU/GPUs botnet operators will. An A8-3850 has an "internal" HD6550D and can do about 100 MH/s. Now even a botnet with ten thousand of these (~ 1TH/) don't put a dent into Bitcoin global hashing rate. However 100 KH/s each on Scrypt based coins, a botnet with ten thousands is 1 GH/s or almost 4% of the network.

and you can bet your bottom dollar they're only going to get faster on APU development.

~BCX~

No doubt. I am also pretty sure that the last "word" has not been said in FPGA development either, even for SHA256.

It would be really interesting to see a coin built on a new alto as well.

DeathAndTaxes

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Gerald Davis

Quote from: TheSwede75 on July 20, 2013, 01:43:32 PM

Quote from: ?? on ??

Quote from: daserpent1 on July 20, 2013, 01:33:47 PM

These botnet herders have ruined it.

Any "CPU Only" coin will be ruled by the Botnets as soon as any profit is there.

That's what's so ironical about the Solidcoin idiots attempting to kill Litecoin two years ago when they developed the first GPU miner for it.

Little did they understand, the increased hashrate and saved LTC from the Botnets.

~BCX~

It's like the morons calling ASIC "the death of bitcoin" while it is exactly the opposite.

Yup. Guess what most CPU come with today .... oh yeah an OpenCL capable integrated GPU. Now these aren't no 7970s but they do have significantly higher hashing capability than a "pure CPU". If there is money to be made harnessing the power of these APU/GPUs botnet operators will. An A8-3850 has an "internal" HD6550D and can do about 100 MH/s. Now even a botnet with ten thousand of these (~ 1TH/) don't put a dent into Bitcoin global hashing rate. However 100 KH/s each on Scrypt based coins, a botnet with ten thousands is 1 GH/s or almost 4% of the network.

TheSwede75

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Activity: 224

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Quote from: ?? on ??

Quote from: daserpent1 on July 20, 2013, 01:33:47 PM

These botnet herders have ruined it.

Any "CPU Only" coin will be ruled by the Botnets as soon as any profit is there.

That's what's so ironical about the Solidcoin idiots attempting to kill Litecoin two years ago when they developed the first GPU miner for it.

Little did they understand, the increased hashrate and saved LTC from the Botnets.

~BCX~

It's like the morons calling ASIC "the death of bitcoin" while it is exactly the opposite.

daserpent1

sr. member

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These botnet herders have ruined it.

aymar_est

newbie

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It's a pure luck. Expect 1 block every 2 to 4 days, i'd say.

Carra23

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Need a campaign manager? PM me

Flip a coin.

No, I am not joking.

n4ru

sr. member

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Rough estimates say that around 36 hours ago 5k PPS would have been around a block a day.

My conservative estimates say 14k PPS is around a block a day at this point, so expect a block every 2 - 3 days on average.

TheSwede75

full member

Activity: 224

Merit: 100

At current diff it's 100% luck-based when you receive a block at 5k pps.

dma88

member

Activity: 117

Merit: 10

noob question.. i've been mining at a steady3-5000pps for at least 3 or4 days now, and nothing yet. is there something i need to do to recieve a block, such as assign a deposit address? i didnt see any console command for that, and i've read in other threads that the block just "shows up". i hope i'm doing it right lol

EDIT: finally got one! I'm the proud owner of 12.19 immature XPM.

Topic: prime coin mining- 3-5000pps, how long to get a block? (Read 3715 times)