Topic: rpietila Altcoin Observer - page 209. (Read 387493 times)

With a base rate of 0.00400BTC ($2.382) per 1 XMR and not calculating addition power consumption from other components , internet connection or hardware ROI

R9-280x Hynix = 450h/s  

XMR/Day = 0.60 at 800K diff

TDP = 250w

Power Consumption of GPU =  $0.025 x 24hr (at base rate of $0.10/KWH)

TDP = 250w


0.00228000-0.00002280 (1% poolfee)-0.00011400 (5% Claymore miner fee) - 0.00020300 ($0.12 power cost) = 0.001940200 ($1.13 at current BTC rates)

XMR miners are currently 1:1 with cpus a 125w TDP CPU produces roughly 150-225h/s with some exceptions like the AMD-FX 8350 and EC2 instances (very expensive though)

One Hynix based R9-280x is around $280-$350 + risers extra components + open air case ETC

You can do the math on other GPU's and CPU's from the Google doc if you dont own the hardware with the h/s and respective components and add all the addition costs.

Anyone selling now is either getting free electricity and/or free hardware or is delusional that they are earning money.

My math might be flawed so please contribute to the discussion if I am wrong  

From a business perspective, an argument could be made for Poloniex to give up on LTC pairing in favour of XMR in order to maximize their revenue and ensure that they stay the leading XMR exchange.

XMR will be for poloniex what LTC has been for BTC-E in the last 2-3 years.

Difficulty is now over 800M. It went past the previous ATH.

Using Aminorex formula, I get a marginal mining price on AWS instance with Wolf miner of 5,39 mbtc

Side note: I've been tweeting about XMR since May and I've just been followed by Erik Voorhees. He's also following the Monero official feed. I guess he has just found out about XMR! One more btc whale backing us up!

Edit: just discovered this bitcoin wisdom-like site through poloniex trollbox: http://altcoingraphs.com/poloniex/graphs/price/781392

lots of very interesting reading here.

Now I'm subscribed, I will try to learn something.

ty

Well i thought we were going to leave the .004 zone last night - but there still seems to be alot of sellers wanting to dump there xmr at these prices.

Rpietila, i hope you had a fantastic conference this weekend? and i hope you have been getting some more monero whales on board 

I had a bid at 38 and at 35 overnight,, they both hit (bittrex), i guess you guys are both luckier

https://poloniex.com/exchange/btc_xmr

Volume ranges from 150 btc per day to 1000 btc per day for Monero alone.

Unless you want to buy 50 btc worth I'd suggest poloniex as the most suitable market. Over a 24 hour period you'll easily get <50 bitcoin worth at market rates without moving the market too much. However for amounts larger than 50 btc you might want to check out irc freenode #monero-otc for potential sellers/buyers.

thanks.

and if anyone is interested in direct trading about 5 BTC of XMR let me know via PM.  i'd be looking to do significantly better than market.

Poloniex has the most volume atm, with around 200-300 btc per day for XMR(monero)

the volume seems very thin on the exchanges (BTER for example).  i'm interested in buying a few BTC worth, but not sure how i do so with such low volume.   yes XMR is trading at .004 as of this writing, but there's only about 1BTC of buy orders between .004 and .003.

Commented for posterity.. I will not be buzzed tomorrow!

XC is anon and will be trustless soon (now it's dynamic trust): http://xc-official.com/XCPlatform/XC-Short-Term-Roadmap.pdf

I haven't read into storj that much. I know that Ethereum may launch with a distributed file storage system as their killer app. However I'm up for getting behind the first coin to do this and do it well. (Of course the release of the coin has to be fair too, otherwise it's clone time.)

A couple of hopefully helpful points.

1- consider your current amount of Monero vs the amount of Monero in circulation in 2 years instead of today. This way you're not constantly fighting to maintain your percentage of the overall pie. If you see your stash as being over inflated today as opposed to being inflated away by mined coins you'll sleep better.

2- make sure all the money in crypto and especially Monero is gambling money. It helps.

While it is certainly inconsistent, I'm not sure why you say clearly forged.  Bugs could be responsible for the inconsistency.
I suspect you are right, but I want to make sure I don't relay any erroneous reports, so a rationale is appreciated.

Any confidence I ever had in Bytecoin is now negative, 0, zip, nada.

One of the reasons I think is BCN's fuckup https://bitcointalksearch.org/topic/m.7566944

They copy pasted some code from XMR and people lost coins due to them not implementing it properly so theres more confidence in the Monero Dev's.

Hashrate should smoothly go up as BCN miners move to XMR

Vericoin was nothing to me until recently which is why I'm trying to find out what's true and what's not. My preliminary readings on Vericoin from Vericoin sources suggested that the coin was anon, so I came here to see what the truth was.

Vericoin offers a website to tumble your coins, aka coinjoin.  But it is not anonymity.  See  "Coinjoin Sudoku".

Monero provides a facility in the coin for using ring signatures to anonymize your transaction.  Cryptographic proofs exist which allow you to determine your exact degree of privacy protection, and you can dial it up or down.

The development work is sound and progressing.  Many desirable end-user features are not available today.  It could be said to be in stealth mode, but it's not, because coin dispersion is important to bootstrap an economy.  

XMR is one of the best managed coins I have seen.  I think the market for private transactions is enormous, so I advocate early investment to my friends and family.

I have a profoundly negative view of DRK.  Do read a bit.

Anon is not implemented in vericoin. It is "supposed" to use a coinjoin based anon feature, which is hardly anonymous as shown by the unraveling of sharecoin's(blockchain) coinjoin..and as said by gmaxwell, the maker of coinjoin. Coinjoin may be the worst "anonymous" feature you can have in a coin as you will always need two or more people to "mix" transactions, and even then it's fairly easy to find out the sender and reciever.

https://bitcointalksearch.org/topic/annvrc-vericoin-proof-of-stake-time-currency-new-roadmap-released-602041 <-----Vericoin's "anon feature" is not incorporated in its coin at this time. It's "anon feature" is also based off of Darkcoin's masternode/Darksend system as you can see. You should note that Darkcoin's masternode/darksend is closed source, and there has been many coins running to make a anonymous feature similar to Darkcoin's, such as Supercoins with it's Supernodes, XC with it's Xnodes, Vericoin with it's Veribit's and more.

Out of all the coins that use coinjoin for "anonymous" sending, Darkcoin's is the only one that has a decentralized and trustless system, XC's anonymous sending is trusted and you must rely on the fact that the Xnodes wont steal your coins, though they could. Supercoin's Supernodes are trusted as well and not even available atm(it's all just talk), and Vericoin's Veribit's are also trusted and not available atm(it's just all talk)

I really really suggest you do research Este Nuno, as you seem a bit clueless atm to be honest. 99% of those "anonymous" coins using coinjoin based Darkcoin anonymity are just pretending to do so so the dev's can make a quick buck, look at Libertycoin and HonorCoin for example, the devs ran off with a ton of Bitcoin after dumping it all on the exchange while they pretended to be making anonymous features for the coin,and worse. Vericoin, Supercoin, Pinkcoin, Orangecoin, Cloakcoin, Veilcoin, etc are all essentially copying/pretending to copy Darkcoin's masternodes/darksend in an attempt to make a quick buck off dull-witted buyers.