Just to spread the good news... even though its not big news, its big to me.
I successfully have accumulated 1 XMR by mining with my own Xeon 771-775 sticker-hacked ebay-built rigs on monerohash... after having learned enough linux (or copy and pasting code into terminals... can't tell you how many times I've killed a program by ctrl-c'ing in a damn terminal... btw, thank you all you nice linux people for putting terminal code on the interwebs so I can just copy-paste.. or copy-shift-insert, as the case may be).
and then to see it pop up on my wallet as my client was catching up to the network.
very satisfying. Yay. My very first self-mined cryptocurrency.
now if I could only snipe some 750 ti's.
Welcome, though you're kind'a late...
Better late than never. I didn't mine my first XMR until August. But have mined a good bit now. Matter of fact have a 290x GPU coming in today to run on my latest rig. 5x 280x and 1x 290x as a flagship card on that rig.
You're mining XMR. On AMD cards. Why? Mining something else (pretty much anything else) and buying XMR would get you more.
I'm buying them too, especially now with the price at rock bottom. Price will go back up though. Hold them coins for days ahead.
Well, yeah - but you'd probably 1.5x or more the amount of coins you'd get from mining... odd that you're directly mining it.
Its good that he is supporting the network, in dollar terms he wouldnt make much more if he switched.
Are you kidding? Mining Neoscrypt gets you LOADS more than Monero right now.
I might be noob and late to the game, but in my mind supporting the network by hashing directly will ultimately support the coin, right? Whereas mining some other cc and then buying xmr could only potentially support the coin if you bought at a relatively high price to drive the market valuation up (somehow pulling this off without priming a pump dump bump).
And also, while i'm waiving my noob flag, i just want to get a final clarification - participating in hashing secures the network by driving up the difficulty (preventing the 51% attack), whereas running a node secures the network by holding a copy of the ledger to participate in ledger comparison / verification.
It'd be interesting to rank the available cryptocurrencies by # of nodes. I know this exists for BTC:
https://getaddr.bitnodes.io/ .
Interesting. You take the network hash rate of BTC (311 ph/s) , divide that by # of nodes (6549), you get an average of 47 th/s per node. Noob flag again: a pool is essentially 1 node, right?
Could one thwart the bitcoin network just by building (6549 / 2 + 1) nodes and modifying these nodes ledgers simultaneously? (or am I just describing a 51%??)
(lowers his noob flag and goes back to hiding)