[XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency - page 98.

vinne81

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Quote from: eule on July 14, 2013, 03:37:45 PM

414$ made him 600 blocks, at least 9000 XPM. That's mining costs of 0.046$ or ~0.0005BTC per XPM.
Ofcourse only a small minority are able to do such a mining operation, just throwing this out, looking for your thoughts.

We can all do this kind of mining operation. Be aware that in the first days the price was highest. He was break-even very early in this game.

Correct me if I'm wrong, you just need a credit card and the guts to start up a mining operation in the cloud.

No, I didn't do it, but congrats to those who did. I myself mined on my own systems, getting far less than 600 blocks

(60 perhaps)

My only question to these guys is: why didn't you double your operation, or increase it by 10x a few days ago?

Edit hey FiiNALiZE thx for playing at the casino, it's nice to see it being used on a regular basis by some people What game do you want to see me add in the nearby future?

FiiNALiZE

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Quote from: eule on July 14, 2013, 03:37:45 PM

414$ made him 600 blocks, at least 9000 XPM. That's mining costs of 0.046$ or ~0.0005BTC per XPM. Guess it's safe to assume this as the lowest price possible for now.
Ofcourse only a small minority are able to do such a mining operation, just throwing this out, looking for your thoughts.

Only a small minority could put $400 into Amazon EC2?

One 7970 costs the same.

eule

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414$ made him 600 blocks, at least 9000 XPM. That's mining costs of 0.046$ or ~0.0005BTC per XPM. Guess it's safe to assume this as the lowest price possible for now.
Ofcourse only a small minority are able to do such a mining operation, just throwing this out, looking for your thoughts.

LazyOtto

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Quote from: Aggrophobia on July 14, 2013, 03:13:10 PM

so im out the rest is yours Wink

I rest my case.

-- edit

Oh, but cudo's to you, Aggrophobia.

I never cast opprobrium on one who uses the mechanics of a system to their advantage.

vinne81

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Quote from: pgbit on July 14, 2013, 03:28:58 PM

Quote from: 96redformula on July 14, 2013, 03:15:53 PM

Quote from: Aggrophobia on July 14, 2013, 03:13:10 PM

so im out the rest is yours Wink

I thought I read 600 coins, not blocks

Edit: Nevermind...600 Blocks not coins

I misread this too as coins, that's about 10k coins...

So far for some people here thinking most hashes come from people being interested in prime world records

pgbit

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Trident Protocol | Simple «buy-hold-earn» system!

Quote from: 96redformula on July 14, 2013, 03:15:53 PM

Quote from: Aggrophobia on July 14, 2013, 03:13:10 PM

so im out the rest is yours Wink

I thought I read 600 coins, not blocks

Edit: Nevermind...600 Blocks not coins

I misread this too as coins, that's about 10k coins...

jpmi1

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Quote from: Stonedblues on July 14, 2013, 02:57:46 AM

Quote from: ig0tik3d on July 14, 2013, 02:34:24 AM

http://ypool.net/

anyone tried their V0.2 miner? and the pool?

I have tried using their pool and get around 4000pps with their miner currently

Fablio2

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Generation of block's is ~5 sec. Why? Huh

They must be generated every ~60 sec.

96redformula

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Quote from: Aggrophobia on July 14, 2013, 03:21:59 PM

no Orphans included
with orphans the counter could be 2500 blocks -.-
regret many decisions, but 500% profit is 500% profit Wink

Are the amazon machines easy to setup like digital ocean? I had a hard time trying to get the free one setup, it kept telling me to wait for the account to be authorized. Secondly do you have to go over to the security page and create keys for each vpm?

Aggrophobia

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no Orphans included
with orphans the counter could be 2500 blocks -.-
regret many decisions, but 500% profit is 500% profit Wink

edit: and i know someone take much more instances ^^

vinne81

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Quote from: Aggrophobia on July 14, 2013, 03:13:10 PM

so im out the rest is yours Wink

Madness

very nice

96redformula

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Quote from: Aggrophobia on July 14, 2013, 03:13:10 PM

so im out the rest is yours Wink

I thought I read 600 coins, not blocks

Edit: Nevermind...600 Blocks not coins

Aggrophobia

legendary

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Merit: 1001

so im out the rest is yours Wink

vinne81

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Quote from: GSnak on July 14, 2013, 02:59:45 PM

Quote from: vinne81 on July 14, 2013, 02:43:30 PM

Quote from: GSnak on July 14, 2013, 12:36:31 PM

I'd like to thank those who bought most of mine at .00722. I salute thee.

+1

Not quite 0.00722 here, 0.006750. Close enough

I put in that order and left and was stunned to find it filled. The rest was ~.0066, followed by a few lucky blocks for less. Haven't had anything but orphans since. I think the mining gig is about up, or more aptly has been.

The increased diff won't translate to higher prices, long term it never has. Only speculation that the coin will have some future "mass" adoption has increased price. DGC is the most successful post-FTC "crap coin" and it's taken a lot of work on the part of the devs to get it there. Remains to be seen what kind of support XPM has. I'm guessing not as much.

I had serious doubts at the time of the sale, wondering if I was being superdumb. But, like every new coin hitting an exchange, after a few hours it starts to drop. CPU only, innovations, whatever, they don't matter. Most people (miners in this case) are here to make a quick buck, whether you like it or not Cheesy

96redformula

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Orphan City here on my end.

GSnak

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Quote from: vinne81 on July 14, 2013, 02:43:30 PM

Quote from: GSnak on July 14, 2013, 12:36:31 PM

I'd like to thank those who bought most of mine at .00722. I salute thee.

+1

Not quite 0.00722 here, 0.006750. Close enough

I put in that order and left and was stunned to find it filled. The rest was ~.0066, followed by a few lucky blocks for less. Haven't had anything but orphans since. I think the mining gig is about up, or more aptly has been.

The increased diff won't translate to higher prices, long term it never has. Only speculation that the coin will have some future "mass" adoption has increased price. DGC is the most successful post-FTC "crap coin" and it's taken a lot of work on the part of the devs to get it there. Remains to be seen what kind of support XPM has. I'm guessing not as much.

OnlyC

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I better sold at 0.006 and buy at this time. But still holding Grin

LazyOtto

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As I've stated, I've finished my mining / trading in this market for a while.

However, for those still actively in the short-term (one to three month) game, looks to me that bouncing off a floor of 0.001 is not at all unreasonable / unexpectable.

vinne81

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Quote from: GSnak on July 14, 2013, 12:36:31 PM

Quote from: LazyOtto on July 14, 2013, 12:33:58 PM

Well, that was a pretty quick crash.

At or below 0.002 on all three exchanges now.

I hope all y'all with a monthly commitment to pay for VM's have made your nut by now.

I'd like to thank those who bought most of mine at .00722. I salute thee.

+1

Not quite 0.00722 here, 0.006750. Close enough

LazyOtto

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Quote from: 96redformula on July 14, 2013, 02:41:53 PM

Well for starters, GPU game change means all the VPM machines would be stopped and useless.

Hmmm, didn't someone suggest that? Grin

Topic: [XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency - page 98. (Read 688824 times)