300khas? i dont think you can mine anything with that. did you mean 300mhas?
LOL
Topic: which coin should I mine on a low-end gpu? (Read 3019 times)
LOL
You can mine LTC....
How at 300 khah/s. I will setup more cards and get 1mhash/s. But still impossible. Difficulty is rising too. I wont even mine 10ltc a month.
With 1Mh you will get about 25 coins per month on ltc. It hit $6 today almost so that is still good money for nothing if you have cheap or free electricity.
great help mate, thank you, And i got the bird reference too
I am gonna be earning that bird too. I will actually mine 2-3 different coins. And then keep switching and get every coin in good amount.
If you want mass coins, mass PXC on multipool.us
bound to get 300+ a day
bound to get 300+ a day
You can mine LTC....
How at 300 khah/s. I will setup more cards and get 1mhash/s. But still impossible. Difficulty is rising too. I wont even mine 10ltc a month.
You can mine LTC....
Is solo mining more profitable and i will get more coins on same speed as pooled mining? if not, what is the difference between the two.
also, those are some helpful links, thank you. And would you mind telling me which coin are you mining currently?
also, those are some helpful links, thank you. And would you mind telling me which coin are you mining currently?
It depends - that is what everyone says. Ok, if we look at pool mining, the pool usually takes a commission from each block mined. This can be anything from 0-3% or so, in order to cover the cost of running the pool servers and other things like internet etc. Then you can choose to donate a part of your earnings to supplement the pool - typically 1% or fraction thereof. If the pool you have chosen is a significant fraction of the network hash rate, your pool has a higher chance of solving the blocks. Assume your pool has 50% of the network hash rate. This means that your pool is likely to solve 1 out of every 2 blocks, ok? Now the pool will usually have a number of miners, each miner can have multiple workers, so adding up all of the hashing power in the pool - you look at your hash rate relative to the pool. If you have 25% of the pool hash rate, you are likely to get about 25% or less of each block after commissions. This is what PPS (pay per share) is about - I know this is a simplistic view, but is a good approximation. Most pools now at PPLNS, or pay per last N shares. Your mining software will generate shares, which are partial solutions to the puzzle - the pool counts how many shares you produce, so it will work our what your earnings will be from each block or number of blocks. Sorry for being long-winded, basically pool mining allows smaller miners to pool there mining power together to get a better chance of solving blocks.
Now, for solo mining - if your pool is a good fraction of the network hash rate, and you have a good fraction of your pool hash rate, you might be interested in solo mining. I.e. my hash rate is about 2.5MH/s and with Peoplecoin, most nights the network hash rate goes down to about 4MH/s - so I set up my mining rigs to solo mine, then switch back to pool mining when the network hash rate goes up. With solo mining, I get the entire proceeds of each block I solve, so it works out a bit better.
Now what am I mining right now? I won't quite spell it out, but remember the bird in Harry Potter, that goes up in flames, but then comes back to life? This coin has a network hash rate that a couple of days ago, was ranging from 2-7MH/s, right now it is 20MH/s but I expect that to go down in a little while, then I can make more coins - the pool I am in is about 33% of the network hash rate, so a good percentage means a reasonable return. I suspect that the hash rate went up because this coin now gives 50 coins per block instead of 25 coins per block a few days ago.
great help mate, thank you, And i got the bird reference too
I am gonna be earning that bird too. I will actually mine 2-3 different coins. And then keep switching and get every coin in good amount. 
technicaly anything with diff below 1
Is solo mining more profitable and i will get more coins on same speed as pooled mining? if not, what is the difference between the two.
also, those are some helpful links, thank you. And would you mind telling me which coin are you mining currently?
also, those are some helpful links, thank you. And would you mind telling me which coin are you mining currently?
It depends - that is what everyone says. Ok, if we look at pool mining, the pool usually takes a commission from each block mined. This can be anything from 0-3% or so, in order to cover the cost of running the pool servers and other things like internet etc. Then you can choose to donate a part of your earnings to supplement the pool - typically 1% or fraction thereof. If the pool you have chosen is a significant fraction of the network hash rate, your pool has a higher chance of solving the blocks. Assume your pool has 50% of the network hash rate. This means that your pool is likely to solve 1 out of every 2 blocks, ok? Now the pool will usually have a number of miners, each miner can have multiple workers, so adding up all of the hashing power in the pool - you look at your hash rate relative to the pool. If you have 25% of the pool hash rate, you are likely to get about 25% or less of each block after commissions. This is what PPS (pay per share) is about - I know this is a simplistic view, but is a good approximation. Most pools now at PPLNS, or pay per last N shares. Your mining software will generate shares, which are partial solutions to the puzzle - the pool counts how many shares you produce, so it will work our what your earnings will be from each block or number of blocks. Sorry for being long-winded, basically pool mining allows smaller miners to pool there mining power together to get a better chance of solving blocks.
Now, for solo mining - if your pool is a good fraction of the network hash rate, and you have a good fraction of your pool hash rate, you might be interested in solo mining. I.e. my hash rate is about 2.5MH/s and with Peoplecoin, most nights the network hash rate goes down to about 4MH/s - so I set up my mining rigs to solo mine, then switch back to pool mining when the network hash rate goes up. With solo mining, I get the entire proceeds of each block I solve, so it works out a bit better.
Now what am I mining right now? I won't quite spell it out, but remember the bird in Harry Potter, that goes up in flames, but then comes back to life? This coin has a network hash rate that a couple of days ago, was ranging from 2-7MH/s, right now it is 20MH/s but I expect that to go down in a little while, then I can make more coins - the pool I am in is about 33% of the network hash rate, so a good percentage means a reasonable return. I suspect that the hash rate went up because this coin now gives 50 coins per block instead of 25 coins per block a few days ago.
my electricity is more or less free. just like $20 a month, not much cost for me to run mining. I am buying another gpu as well. and a motherboard with 2 pci slots. but I cannot figure out how to run 2 gpus on one pc. lol. I will get about 600khash/s combined.
I was thinking about mining feathercoin or infinitecoin(which seems so pointless, even ifc's wallet won't sync anymore). Still cannot decide which one I should mine. too many different, and here everyone suggests a different coin!
I was thinking about mining feathercoin or infinitecoin(which seems so pointless, even ifc's wallet won't sync anymore). Still cannot decide which one I should mine. too many different, and here everyone suggests a different coin!
Ok - are you going to be using Windows or Linux for your mining computer? I am running Linux on two machines - one with 3x 7950's, and one with a single 5850. I am using this link for the configuration of Linux, also gives you a good idea of how it works also for Windows. http://www.cryptobadger.com/2013/04/build-a-litecoin-mining-rig-linux/
Also http://com-http.us/ is good to have a look at the different coins - you can choose scrypt coins and find out about them. You can also use CoinEX mining pools to get an idea of network hash rate https://coinex.pw/mining/pools
The idea is to try one - you don't need to download the wallet yet, just join a pool and try your hand at mining. Once you find a coin that you can get consistent returns on, and where your hash rate is a reasonable percentage of the network hash rate, you can try your hand at solo mining which means you will need to install the wallet as this is where you point your mining rig to. Most of the older coins now have a high hash rate that you can only get returns when pool mining. FTC has a high hash rate already, and IFC is ok but getting higher.
I first started mining Anoncoin with coinpool 4 weeks ago - this was when the network hash rate was quite low, about 10MH/s, and when it was really good, I managed to get something like 5 ANC every 2-3 hours - this was only for a few days until suddenly the net hash rate went up - currently 150MH/s and returns now are around 1 coin a day, so went looking at other coins.
also, those are some helpful links, thank you. And would you mind telling me which coin are you mining currently?
Try coinchoose.com.
technicaly anything with diff below 1
my electricity is more or less free. just like $20 a month, not much cost for me to run mining. I am buying another gpu as well. and a motherboard with 2 pci slots. but I cannot figure out how to run 2 gpus on one pc. lol. I will get about 600khash/s combined.
I was thinking about mining feathercoin or infinitecoin(which seems so pointless, even ifc's wallet won't sync anymore). Still cannot decide which one I should mine. too many different, and here everyone suggests a different coin!
I was thinking about mining feathercoin or infinitecoin(which seems so pointless, even ifc's wallet won't sync anymore). Still cannot decide which one I should mine. too many different, and here everyone suggests a different coin!
Ok - are you going to be using Windows or Linux for your mining computer? I am running Linux on two machines - one with 3x 7950's, and one with a single 5850. I am using this link for the configuration of Linux, also gives you a good idea of how it works also for Windows. http://www.cryptobadger.com/2013/04/build-a-litecoin-mining-rig-linux/
Also http://com-http.us/ is good to have a look at the different coins - you can choose scrypt coins and find out about them. You can also use CoinEX mining pools to get an idea of network hash rate https://coinex.pw/mining/pools
The idea is to try one - you don't need to download the wallet yet, just join a pool and try your hand at mining. Once you find a coin that you can get consistent returns on, and where your hash rate is a reasonable percentage of the network hash rate, you can try your hand at solo mining which means you will need to install the wallet as this is where you point your mining rig to. Most of the older coins now have a high hash rate that you can only get returns when pool mining. FTC has a high hash rate already, and IFC is ok but getting higher.
I first started mining Anoncoin with coinpool 4 weeks ago - this was when the network hash rate was quite low, about 10MH/s, and when it was really good, I managed to get something like 5 ANC every 2-3 hours - this was only for a few days until suddenly the net hash rate went up - currently 150MH/s and returns now are around 1 coin a day, so went looking at other coins.
awais3344,
If you are able to hash with a gpu on scrypt at 300kH/s - this is medium performance GPU much like a 5850 - I have one of these working at about 321kH/s.
Have a look at the network hash rate for the scrypt coins - choose one that has a low network hash rate, then you will probably join a pool to try mining for a coin. It really doesn't matter which coin, but basically with mining, your electricity costs are likely to outweigh the mining returns. Alternatively you can choose a new coin and get started at the early stages before a lot of people start mining.
If you are looking for a coin that you could solo mine - you could look at PeopleCoin - the only problem is selling them - they are not worth much, and are only listed on the BtcLtc exchange where you can sell them for Chinese Yuan - I did this for a while to get the fun of actually doing pool mining and solo mining. The current network hash rate for PPL varies from 2MH/s to about 10MH/s. Just an hour ago, the network hash rate was 2.5MH/s so my 7850 was doing about 314kH/s at intensity 12 while I am browsing the internet. If you join a pool, don't forget that your proportional returns are lower, but you get more consistent returns.
Something you can also do, is to get additional cards if your motherboard supports them and increase your hashing rate.
Anyway, good luck.
If you are able to hash with a gpu on scrypt at 300kH/s - this is medium performance GPU much like a 5850 - I have one of these working at about 321kH/s.
Have a look at the network hash rate for the scrypt coins - choose one that has a low network hash rate, then you will probably join a pool to try mining for a coin. It really doesn't matter which coin, but basically with mining, your electricity costs are likely to outweigh the mining returns. Alternatively you can choose a new coin and get started at the early stages before a lot of people start mining.
If you are looking for a coin that you could solo mine - you could look at PeopleCoin - the only problem is selling them - they are not worth much, and are only listed on the BtcLtc exchange where you can sell them for Chinese Yuan - I did this for a while to get the fun of actually doing pool mining and solo mining. The current network hash rate for PPL varies from 2MH/s to about 10MH/s. Just an hour ago, the network hash rate was 2.5MH/s so my 7850 was doing about 314kH/s at intensity 12 while I am browsing the internet. If you join a pool, don't forget that your proportional returns are lower, but you get more consistent returns.
Something you can also do, is to get additional cards if your motherboard supports them and increase your hashing rate.
Anyway, good luck.
my electricity is more or less free. just like $20 a month, not much cost for me to run mining. I am buying another gpu as well. and a motherboard with 2 pci slots. but I cannot figure out how to run 2 gpus on one pc. lol. I will get about 600khash/s combined.
I was thinking about mining feathercoin or infinitecoin(which seems so pointless, even ifc's wallet won't sync anymore). Still cannot decide which one I should mine. too many different, and here everyone suggests a different coin!
A properly set up 6850 gets 300 YACs a day (or at least it did before today's N-factor change).
mine litecoin
awais3344,
If you are able to hash with a gpu on scrypt at 300kH/s - this is medium performance GPU much like a 5850 - I have one of these working at about 321kH/s.
Have a look at the network hash rate for the scrypt coins - choose one that has a low network hash rate, then you will probably join a pool to try mining for a coin. It really doesn't matter which coin, but basically with mining, your electricity costs are likely to outweigh the mining returns. Alternatively you can choose a new coin and get started at the early stages before a lot of people start mining.
If you are looking for a coin that you could solo mine - you could look at PeopleCoin - the only problem is selling them - they are not worth much, and are only listed on the BtcLtc exchange where you can sell them for Chinese Yuan - I did this for a while to get the fun of actually doing pool mining and solo mining. The current network hash rate for PPL varies from 2MH/s to about 10MH/s. Just an hour ago, the network hash rate was 2.5MH/s so my 7850 was doing about 314kH/s at intensity 12 while I am browsing the internet. If you join a pool, don't forget that your proportional returns are lower, but you get more consistent returns.
Something you can also do, is to get additional cards if your motherboard supports them and increase your hashing rate.
Anyway, good luck.
If you are able to hash with a gpu on scrypt at 300kH/s - this is medium performance GPU much like a 5850 - I have one of these working at about 321kH/s.
Have a look at the network hash rate for the scrypt coins - choose one that has a low network hash rate, then you will probably join a pool to try mining for a coin. It really doesn't matter which coin, but basically with mining, your electricity costs are likely to outweigh the mining returns. Alternatively you can choose a new coin and get started at the early stages before a lot of people start mining.
If you are looking for a coin that you could solo mine - you could look at PeopleCoin - the only problem is selling them - they are not worth much, and are only listed on the BtcLtc exchange where you can sell them for Chinese Yuan - I did this for a while to get the fun of actually doing pool mining and solo mining. The current network hash rate for PPL varies from 2MH/s to about 10MH/s. Just an hour ago, the network hash rate was 2.5MH/s so my 7850 was doing about 314kH/s at intensity 12 while I am browsing the internet. If you join a pool, don't forget that your proportional returns are lower, but you get more consistent returns.
Something you can also do, is to get additional cards if your motherboard supports them and increase your hashing rate.
Anyway, good luck.
300khas? i dont think you can mine anything with that. did you mean 300mhas?
I think you're mistaken. 300mhash is for bitcoin or other sha256 currencies. Not for scrypt e.g feathercoin, litecoin etc.
well, i am a newbie too. But things that I have read has made me understand it this way: since bitcoin has a higher difficulty, network has faster speed of hashing, that's why a bitcoin sha-256 is read with the speed of mhash/s, 1mhash is equal to 1000khash/s. But all the other altcoins like feathercoin, litecoin, worldcoin, gldcoin etc are mined with khash/s speed. so let's say, a ati radeon 5870 mines bitcoin at 300mhash(which is a example, and not an actual speed), its mining speed for feathercoin, and litecoin will be different, you need to look online.
there are 2 wiki pages online.
1=bitcoin hardware comparison
2=scrypt hardware comparison, which will show you a litecoin hardware comparison, which can be used for any scrypt coin.
That's all I know.
300khas? i dont think you can mine anything with that. did you mean 300mhas?
I think you're mistaken. 300mhash is for bitcoin or other sha256 currencies. Not for scrypt e.g feathercoin, litecoin etc.
so I have a gpu that can mine --scrypt at 300khash/s. I looked at coins and I believe that I dont have much luck with litecoin. Should I be mining feathercoin or gldcoin, if I look at it as a longterm price growth benefit. Which one do you think would be good to mine at 300khash/s. I will be able to add another 300khash/s in next month. thank you
What about middlecoin.com? It automatically choose the most profitable coin and mine them....
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