[XMR] Monero Mining - page 32. | Bitcointalksearch.org

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: Oscilson on October 21, 2014, 03:14:53 AM

That is true. But the profit depends on the price of the coins.

I think, to be more precise that it depends of the moment you sell and the amount you sell.
The price move all the time. Selling a big amount tend to make the price go down.
Holding tend to make the price go up.
Also, anytime a hater could come and spread FUD around to make the price go down.
A whale could also come and pump the price up.

I feel so frustrated when I sell low and see the price going up after so I always hold.
I can hold for months before starting to sell.
Until now, this strategy always worked (but I don't hold any shitcoin).

Oscilson

sr. member

Activity: 434

Merit: 250

Quote from: superresistant on October 21, 2014, 03:12:55 AM

Quote from: Oscilson on October 21, 2014, 03:10:54 AM

Quote from: superresistant on October 21, 2014, 03:05:50 AM

Quote from: Oscilson on October 20, 2014, 11:00:22 AM

Quote from: adaseb on October 20, 2014, 09:28:26 AM

I used this mine this coin for months. It was 2x as profitable as X11 and now its very bad. Less profit then X11 so I stopped minin it

It would be better to mine x11 then buy XMR.

Yes but as miners stop mining XMR, the difficulty is going down and the sell pressure is lower because miners tend to hold.

But the number of mined coins are similar before and after the difficulty going down. They are all mined by miners.

Less miners = more profit (for those who keep mining because the reward is less divided)

The last miners tend to be crypto-believers that hold instead of selling.

That is true. But the profit depends on the price of the coins.

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: Oscilson on October 21, 2014, 03:10:54 AM

Quote from: superresistant on October 21, 2014, 03:05:50 AM

Quote from: Oscilson on October 20, 2014, 11:00:22 AM

Quote from: adaseb on October 20, 2014, 09:28:26 AM

I used this mine this coin for months. It was 2x as profitable as X11 and now its very bad. Less profit then X11 so I stopped minin it

It would be better to mine x11 then buy XMR.

Yes but as miners stop mining XMR, the difficulty is going down and the sell pressure is lower because miners tend to hold.

But the number of mined coins are similar before and after the difficulty going down. They are all mined by miners.

Less miners = more profit (for those who keep mining because the reward is less divided)

The last miners tend to be crypto-believers that hold instead of selling.

Oscilson

sr. member

Activity: 434

Merit: 250

Quote from: superresistant on October 21, 2014, 03:05:50 AM

Quote from: Oscilson on October 20, 2014, 11:00:22 AM

Quote from: adaseb on October 20, 2014, 09:28:26 AM

I used this mine this coin for months. It was 2x as profitable as X11 and now its very bad. Less profit then X11 so I stopped minin it

It would be better to mine x11 then buy XMR.

Yes but as miners stop mining XMR, the difficulty is going down and the sell pressure is lower because miners tend to hold.

But the number of mined coins are similar before and after the difficulty going down. They are all mined by miners.

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: Oscilson on October 20, 2014, 11:00:22 AM

Quote from: adaseb on October 20, 2014, 09:28:26 AM

I used this mine this coin for months. It was 2x as profitable as X11 and now its very bad. Less profit then X11 so I stopped minin it

It would be better to mine x11 then buy XMR.

Yes but as miners stop mining XMR, the difficulty is going down and the sell pressure is lower because miners tend to hold.

Oscilson

sr. member

Activity: 434

Merit: 250

Quote from: adaseb on October 20, 2014, 09:28:26 AM

I used this mine this coin for months. It was 2x as profitable as X11 and now its very bad. Less profit then X11 so I stopped minin it

It would be better to mine x11 then buy XMR.

adaseb

legendary

Activity: 3808

Merit: 1723

I used this mine this coin for months. It was 2x as profitable as X11 and now its very bad. Less profit then X11 so I stopped minin it

5w00p

hero member

Activity: 644

Merit: 502

Thanks for doing the isolated test.

I am not surprised that it is a scam job.

sammy007

legendary

Activity: 1904

Merit: 1003

Just did isolated test using latest pool software and 1.2b version of kachur miner (kminer). Duplicates spotted in logs immediately:

... Duplicate share: {"id":"779749578400515","job_id":"394227879843674","nonce":"804f3800","result":"0000000000000000000000000000000000000000000000000000000000000000"} from 4 ...

Conclusion: KMiner = SCAM. Stay away, reinstall OS if you used it. It demand admin privileges, who knows what surprises hidden in later versions.

sammy007

legendary

Activity: 1904

Merit: 1003

Miners, please read this, stay away from suspicious mining software https://bitcointalksearch.org/topic/m.9194871

OrientA

sr. member

Activity: 462

Merit: 250

Quote from: sammy007 on October 11, 2014, 03:04:29 PM

Quote from: smooth on October 11, 2014, 01:42:59 PM

Quote from: nioc on October 11, 2014, 11:29:21 AM

Their total HR has now declined a bit but with the # of miners they have the avg HR per miner is 25,000 H/s Huh

Most likely that is a few extremely large miners (botnets, farms, etc.) pushing up the average.

Happens every day for very long time. I guess it's huge botnet from big continent, this is a reason why net hash fluctuates so hard. At night people shutting down PCs and net hash falls down.

I also note that the hash rate is cyclical.

sammy007

legendary

Activity: 1904

Merit: 1003

Quote from: smooth on October 11, 2014, 01:42:59 PM

Quote from: nioc on October 11, 2014, 11:29:21 AM

Their total HR has now declined a bit but with the # of miners they have the avg HR per miner is 25,000 H/s Huh

Most likely that is a few extremely large miners (botnets, farms, etc.) pushing up the average.

Happens every day for very long time. I guess it's huge botnet from big continent, this is a reason why net hash fluctuates so hard. At night people shutting down PCs and net hash falls down.

sammy007

legendary

Activity: 1904

Merit: 1003

Quote from: smooth on October 10, 2014, 02:07:13 PM

Just a quick heads up to everyone here.

If you are mining or running a pool please make sure you are running the latest version and we recommending starting the daemon with --enforce-dns-checkpoints to allow us to provide up-to-date checkpoints without needing to download a new build or static file. Only available in source from github for now. Binaries have some build problem we are still working out.

Thanks all!

My pool updated.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: nioc on October 11, 2014, 11:29:21 AM

Their total HR has now declined a bit but with the # of miners they have the avg HR per miner is 25,000 H/s Huh

Most likely that is a few extremely large miners (botnets, farms, etc.) pushing up the average.

nioc

legendary

Activity: 1624

Merit: 1008

Their total HR has now declined a bit but with the # of miners they have the avg HR per miner is 25,000 H/s Huh

binaryFate

legendary

Activity: 1512

Merit: 1012

Still wild and free

Quote from: Chicken76 on October 11, 2014, 07:36:12 AM

Devs, it's that time again!
You know, the spreading of hashrate around announcement.
Moneropool.com is at 55% of the total network hashrate at the time of writing this:

alloffmyhate

sr. member

Activity: 280

Merit: 250

It's Never End

Quote from: smooth on October 10, 2014, 02:07:13 PM

Just a quick heads up to everyone here.

If you are mining or running a pool please make sure you are running the latest version and we recommending starting the daemon with --enforce-dns-checkpoints to allow us to provide up-to-date checkpoints without needing to download a new build or static file. Only available in source from github for now. Binaries have some build problem we are still working out.

Thanks all!

Ayayay

ready to execute sir

smooth

legendary

Activity: 2968

Merit: 1198

Just a quick heads up to everyone here.

If you are mining or running a pool please make sure you are running the latest version and we recommending starting the daemon with --enforce-dns-checkpoints to allow us to provide up-to-date checkpoints without needing to download a new build or static file. Only available in source from github for now. Binaries have some build problem we are still working out.

Thanks all!

alloffmyhate

sr. member

Activity: 280

Merit: 250

It's Never End

Quote from: superresistant on October 10, 2014, 07:31:48 AM

Quote from: alloffmyhate on October 09, 2014, 07:45:13 AM

i trying to making pool but i dont know what minimum hardware request for pool server Cheesy

For a professional pool, from 800 to 1600 USD per month if you rent it.
If you buy it, well... it's going to be expensive.

For a noob pool any computer with a stable connection will be a good start.

very expensive Grin

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: alloffmyhate on October 09, 2014, 07:45:13 AM

i trying to making pool but i dont know what minimum hardware request for pool server Cheesy

For a professional pool, from 800 to 1600 USD per month if you rent it.
If you buy it, well... it's going to be expensive.

For a noob pool any computer with a stable connection will be a good start.

Topic: [XMR] Monero Mining - page 32. (Read 264830 times)