Quote from: WindMaster on June 03, 2013, 03:26:43 AM

FWIW, I own my server farm (as made rather public on the first day or two of the coin launch), and definitely pay my own electricity. And despite being one of the few that did implement GPU mining of YAC (just not necessarily one that performs as spectacularly as people seem to think every GPU implementation is going to achieve), I still CPU-mine YAC at this point. Tons and tons of cheap Xeon-based IBM BladeCenter blade servers that people dump on eBay for pocket change just because they're a couple years old and not the latest-and-greatest blade servers on the market, reasonable power costs, and sensible and efficient design of data center cooling are key here. Per unit of CPU performance, I pay less than half what someone would pay merely for a motherboard, a bit of RAM and an i7-2600k, to achieve the same level of performance, and end up with carrier-class hot-swappable hardware, with more redundancy than you can shake a stick at, that just doesn't fail except under unusual circumstances. This was formerly IBM's hardware platform for building supercomputer clusters for NSA, who tend not to have a sense of humor about power supplies that fail when you look at them funny. This just comes down to resourcefulness and ability to scrounge the right hardware (or even to know what to look for in the first place) to keep costs down.

You can bet I would've really cleaned up had I seen the delayed YAC announcement sooner than 8 hours after the coin finally launched.. I even had the entire server cluster all prepared to network-boot a YAC-specific Debian Linux image off one of my file servers, and it was all tested and ready to go prior to the originally scheduled YAC launch date/time, I just needed the final version of the client. But alas, I was asleep (and/or in the wrong part of the world) at the time the coin finally launched.

I remember your comments about this in the Yacoin thread. I pointed a few blades at it myself within hours of launch. I believe the problem was exactly the AWS system - way too much hashing power pointed at the coin which left thousand of orphans for everyone else. I did alright, but not as well as you as I recall made over 100k in coins, and then I stopped on day three and ignored the coin like so many others. Now, it's almost as worthless as all the other alts. For these coins to be viable - they need interest (hence why you see all the giveaways). Anytime a new crypto currency is created, early AWS/botnet miners try and sell it immediately at 5 ltc per 1k of x-coin. No buyers, now, they were burned.